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

218

XXXX

Closed

FCOM1221

2026-07-22 06:04

2026-08-17 16:57

Resolved

1 - Information

Credit

Closing

The Deed of Trust is Incomplete

Resolved-Received corrected security instrument. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. - Seller-08/XX/2026
Ready for Review-Please see attached. - Seller-08/XX/2026
Open-The Deed of Trust is Incomplete Provide clarification as to why the Deed of Trust show on the first page the borrower's name as "XXXX", however on the signature page the borrower is signing off on the Deed of Trust on behalf of XXXX LLC, as Texas limited liability company as "XXXX"? Upon receipt of this information, additional documentation maybe required. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. - Seller-08/XX/2026

Ready for Review-Please see attached. - Seller-08/XX/2026

Resolved-Received corrected security instrument. - Due Diligence Vendor-08/17/2026

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 702 Required is 660 Borrower has 702

Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 22.34 Required is 50 Borrower has 22.34

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10397289

218

XXXX

Closed

FCRE0044

2026-07-22 07:12

2026-07-24 09:30

Resolved

1 - Information

Credit

Eligibility

File does not contain LOX for credit inquiries

Resolved-Received LOX for credit inquiries - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-LOX for credit inquiries is missing. Missing a letter of explanation for the inquiries on the credit report. 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 LOX for credit inquiries - Due Diligence Vendor-07/24/2026

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 702 Required is 660 Borrower has 702
Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 22.34 Required is 50 Borrower has 22.34

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10397791

218

XXXX

Closed

FCRE1294

2026-07-22 07:00

2026-07-24 09:30

Resolved

1 - Information

Credit

Income/Employment

Income 3 Months Income Verified is Missing

Resolved-Received verification of HOA dues for 3c - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Income 3 Months Income Verified is Missing Missing proof of the HOA of $700/ month for Property 3 (3c). 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 verification of HOA dues for 3c - Due Diligence Vendor-07/24/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10397663

218

XXXX

Closed

FCRE1295

2026-07-22 07:00

2026-07-24 09:30

Resolved

1 - Information

Credit

Income/Employment

Income 4 Months Income Verified is Missing

Resolved-Received verification of HOA dues for 3d - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Income 4 Months Income Verified is Missing Missing proof of the HOA of $45.42/ month for Property 4 (3d). 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 verification of HOA dues for 3d - Due Diligence Vendor-07/24/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10397664

218

XXXX

Closed

FCRE1296

2026-07-22 07:00

2026-07-24 09:30

Resolved

1 - Information

Credit

Income/Employment

Income 5 Months Income Verified is Missing

Resolved-Received verification of HOA dues 3e - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Income 5 Months Income Verified is Missing Missing proof of the HOA of $45.42/ month for Property 5 (3e). 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 verification of HOA dues 3e - Due Diligence Vendor-07/24/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10397665

218

XXXX

Closed

FCRE1297

2026-07-22 07:00

2026-07-24 09:30

Resolved

1 - Information

Credit

Income/Employment

Income 6 Months Income Verified is Missing

Resolved-Received verification of HOA dues for 3g unit#XXXX - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Income 6 Months Income Verified is Missing Missing proof of the HOA of $349/ month for Property 6 (3f). 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 verification of HOA dues for 3g unit#101 - Due Diligence Vendor-07/24/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10397666

218

XXXX

Closed

FCRE1440

2026-07-22 07:00

2026-07-24 09:28

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached confirming the property 3a has no HOA dues. - Seller-07/XX/2026
Open-Housing History Does Not Meet Guideline Requirements Missing proof of the HOA of $100/ month for Property 1 (3a). Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Please see attached confirming the property 3a has no HOA dues. - Seller-07/XX/2026

Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-07/24/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10397671

218

XXXX

Closed

FCRE0177

2026-07-22 09:06

2026-07-22 13:31

Resolved

1 - Information

Credit

Eligibility

Missing Third Party Market Rent Source

Resolved-Confirmed that guidelines do not require if no rental income being used in qualifying - Due Diligence Vendor-07/XX/2026
Ready for Review-We respectfully disagree. Rental income was not used for qualification; therefore it is not required. - Seller-07/XX/2026
Open-Missing Third Party Market Rent Source - Due Diligence Vendor-07/XX/2026

Ready for Review-We respectfully disagree. Rental income was not used for qualification; therefore it is not required. - Seller-07/XX/2026

Resolved-Confirmed that guidelines do not require if no rental income being used in qualifying - Due Diligence Vendor-07/22/2026

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10399380

216

XXXX

Closed

FCRE1297

2026-07-22 12:24

2026-07-24 11:36

Resolved

1 - Information

Credit

Income/Employment

Income 6 Months Income Verified is Missing

Resolved-Received verification of HOA Dues for REO 3f - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Income 6 Months Income Verified is Missing Missing proof of the monthly HOA for Property 6 (3f). 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 verification of HOA Dues for REO 3f - Due Diligence Vendor-07/24/2026

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680 Borrower has 702 Required is 680 Borrower has 702

Qualifying DTI below maximum allowed - Required is 50 Borrower has 22.35

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10406062

216

XXXX

Closed

FCRE1296

2026-07-22 12:24

2026-07-24 11:36

Resolved

1 - Information

Credit

Income/Employment

Income 5 Months Income Verified is Missing

Resolved-Received verification of HOA Dues for REO 3e - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Income 5 Months Income Verified is Missing Missing proof of the monthly HOA for Property 5 (3e). 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 verification of HOA Dues for REO 3e - Due Diligence Vendor-07/24/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10406061

216

XXXX

Closed

FCRE1295

2026-07-22 12:24

2026-07-24 11:36

Resolved

1 - Information

Credit

Income/Employment

Income 4 Months Income Verified is Missing

Resolved-Received verification of HOA Dues for REO 3d - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Income 4 Months Income Verified is Missing Missing proof of the monthly HOA for Property 4 (3d). 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 verification of HOA Dues for REO 3d - Due Diligence Vendor-07/24/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10406060

216

XXXX

Closed

FCRE1294

2026-07-22 12:24

2026-07-24 11:36

Resolved

1 - Information

Credit

Income/Employment

Income 3 Months Income Verified is Missing

Resolved-Received verification of HOA Dues for REO 3c - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Income 3 Months Income Verified is Missing Missing proof of the monthly HOA for Property 3 (3c). 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 verification of HOA Dues for REO 3c - Due Diligence Vendor-07/24/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10406059

273

XXXX

Closed

FCRE8201

2026-07-21 17:51

2026-09-09 09:58

Resolved

1 - Information

Credit

Eligibility

Loan does not conform to program guidelines

Resolved-After further review, the property was not listed in the last year. The borrower owned the home since XXXX and transferred the property to an LLC in XXXX. The property was never listed for sale. - Due Diligence Vendor-09/XX/2026
Ready for Review-Disagree: The 90-day listing rule applies only to listings by the current borrower, whereas this listing belonged to the previous seller prior to the recent purchase. Because ownership has transferred via an arms-length sale and the listing is closed, the seasoning restriction is not triggered and no exception is required. - Seller-09/XX/2026
Open-The loan does not meet guidelines since per guidelines, properties listed within 90 days of application require a one- year prepayment penalty is required. This loan can not have a prepayment penalty per state requirements. - Due Diligence Vendor-07/XX/2026

Ready for Review-Disagree: The 90-day listing rule applies only to listings by the current borrower, whereas this listing belonged to the previous seller prior to the recent purchase. Because ownership has transferred via an arms-length sale and the listing is closed, the seasoning restriction is not triggered and no exception is required. - Seller-09/XX/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR =/> 1.00 and minimum is 0.85 or Less. The Min DSCR % is is 0.8 Borrower has 1.017. Required is 0.8 Borrower has 1.017

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700 Borrower has 752 Required is 700 Borrower has 752

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10389148

273

XXXX

Closed

FCRE2244

2026-07-21 17:16

2026-08-28 10:28

Resolved

1 - Information

Credit

Eligibility

Property Does Not Meet Guidelines (credit)

Resolved-Received addendum to the appraisal where the appraisal states the pool has no contributing value in its current condition. Appraiser also states the subject property, including the swimming pool, is free of any undisclosed health, safety, structural, environmental, or other hazardous conditions that could adversely affect the property's marketability or value. Received photo supporting the pool has a fence surrounding the pool. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See the attached photo evidencing that the pool is fenced off. The non-operational pool has been secured with a safety fence and assigned zero contributory value. As documented by the appraiser, it poses no health, safety, or environmental hazards, and therefore carries no material impact or liability for the property. Please clear finding. - Seller-08/XX/2026
Counter-Received rebuttal. Missing confirmation pool has been covered and secured along with pictures for confirmation or Individually fenced and secured or filled in working order. - Due Diligence Vendor-08/XX/2026
Ready for Review-Disagree: As evidenced in the photos, the pool is completely fenced off with a covered liner. As previously stated by the appraiser, it gives no contributory value and does not pose a health or safety issue. Please clear finding. - Seller-08/XX/2026
Counter-Received Lender Rebuttal. Missing Appraiser's confirmation pool has been covered and secured along with pictures for confirmation or Individually fenced and secured or filled in working order. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Disagree. See attached Appraisal Addendum which states that the pool exhibits deferred maintenance and the subject property, including the swimming pool,
is free of any undisclosed health, safety, structural, environmental, or other hazardous conditions that
could adversely affect the property's marketability or value. - Seller-07/XX/2026
Open-Property Issues are identified for the property The Appraisal photos indicate a built in pool that is empty and a liner that is no longer attached, this is a health and safety concern. There is another photo (that is not part of the appraisal) now with a fence around the pool, but there is not write up or certification to confirm when the fence was around the empty pool and who took the photo. FNMA states an empty pool must be securely fenced or covered, and the underlying pool equipment must remain operable. Upon receipt of information additional conditions maybe required. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. See the attached photo evidencing that the pool is fenced off. The non-operational pool has been secured with a safety fence and assigned zero contributory value. As documented by the appraiser, it poses no health, safety, or environmental hazards, and therefore carries no material impact or liability for the property. Please clear finding. - Seller-08/XX/2026

Ready for Review-Disagree: As evidenced in the photos, the pool is completely fenced off with a covered liner. As previously stated by the appraiser, it gives no contributory value and does not pose a health or safety issue. Please clear finding. - Seller-08/XX/2026

Ready for Review-Document Uploaded. Disagree. See attached Appraisal Addendum which states that the pool exhibits deferred maintenance and the subject property, including the swimming pool,
is free of any undisclosed health, safety, structural, environmental, or other hazardous conditions that
could adversely affect the property's marketability or value. - Seller-07/XX/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10388450

273

XXXX

Closed

FCRE0210

2026-07-21 16:54

2026-07-22 14:34

Waived

2 - Non-Material

Credit

Eligibility

NJ Prepayment Penalty Entity Loan - LLC/LP/LLP

Waived-Waiver applied to non-material finding. Loan closed in an Entity Name - Due Diligence Vendor-07/XX/2026
Open-Per NJ Department of Banking & Insurance N.J.S.A 46:10B-2 a prepayment penalty may only be applied to corporations, C-Corp, and S-Corp specifically. Under NJ Law, a prepayment penalty is not permitted to be charged to an LLC. Per NJ Department of Banking & Insurance N.J/XX/A 46: 10B-2, a prepayment may only be applied to corporations, C-Corp and S-Corp specifically. Under NJ Law a prepayment penalty is not permitted to be charged to an LLC. - Due Diligence Vendor-07/XX/2026

Waived-Waiver applied to non-material finding. Loan closed in an Entity Name - Due Diligence Vendor-07/22/2026

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

Yes

10388172

223

XXXX

Closed

FCRE1201

2026-07-22 09:16

2026-07-24 11:41

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report not Provided

Resolved-Received Fraud Report - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Attached is the Final DV Report dated 7-xx-26 - Seller-07/XX/2026
Open-Missing Third Party Fraud Report Provide missing Fraud Report. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Attached is the Final DV Report dated 7-xx-26 - Seller-07/XX/2026

Resolved-Received Fraud Report - Due Diligence Vendor-07/24/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 716

Long term residence - Borrowers resided at primary residence for 10.5 years.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10399586

223

XXXX

Closed

FCRE5782

2026-07-22 09:15

2026-07-24 11:41

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received UDM - No new inquiries - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Attached is the Final DV Report dated 7-xx-26. - Seller-07/XX/2026
Open-Borrower 1 Gap Credit Report is Missing Provide missing Gap Report dated within 10 days of closing date. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Attached is the Final DV Report dated 7-XX-26. - Seller-07/XX/2026

Resolved-Received UDM - No new inquiries - Due Diligence Vendor-07/24/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 716

Long term residence - Borrowers resided at primary residence for 10.5 years.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10399572

263

XXXX

Closed

FCRE1194

2026-07-22 14:32

2026-07-22 14:35

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-07/XX/2026
Open-Audited LTV of 75% exceeds Guideline LTV of 70% Exception to allow mandatory membership to third party owned recreational facilities, 5% reduction for STR. Exception approved to 75% LTV. - Due Diligence Vendor-07/XX/2026

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-07/22/2026

Months Reserves exceed minimum required - Min 6, actual 18.22

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 794

Fico score is at least 20 pts above minimum for program
0x30x24
Reserves 3+ months above minimum required

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

10409790

226

XXXX

Closed

FCRE1509

2026-07-22 10:51

2026-07-30 15:28

Resolved

1 - Information

Credit

Closing

Issues exist on the Note Document

Resolved-Prepayment Penalty Addendum was provided. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. See attached Prepayment Penalty Addendum - Seller-07/XX/2026
Open-There are Issues Present on the Note that must be addressed. Missing attached Prepayment Penalty Addendum - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. See attached Prepayment Penalty Addendum - Seller-07/XX/2026

Resolved-Prepayment Penalty Addendum was provided. - Due Diligence Vendor-07/30/2026

Months Reserves exceed minimum required - MIn 12, actual 14.02

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 728

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10401695

226

XXXX

Closed

FCRE8201

2026-07-23 18:06

2026-07-24 11:33

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-07/XX/2026
Open-EXCEPTION: proceed with sub market score of 59 vs. 60 for XXXX. Exception approval in loan file - Due Diligence Vendor-07/XX/2026

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-07/24/2026

Months Reserves exceed minimum required - MIn 12, actual 14.02

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 728

DSCR% greater than 1.20
Qualifying FICO score is at least 20 points above minimum for program.

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

10438352

226

XXXX

Closed

FCRE1194

2026-07-23 11:25

2026-07-24 11:32

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-07/XX/2026
Open-Audited LTV of 75% exceeds Guideline LTV of 70% Approved EXCEPTION: Seeking exception to stay at 75% ltv for an str and a fthb. Exception approval in loan file - Due Diligence Vendor-07/XX/2026

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-07/24/2026

Months Reserves exceed minimum required - MIn 12, actual 14.02

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 728

DSCR ratio is greater than 1.20
credit is 20 points above min

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

10428142

212

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

230

XXXX

Closed

FCRE1181

2026-07-23 15:39

2026-07-30 09:09

Resolved

1 - Information

Credit

Insurance

Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed

Resolved-Proof the flood disclosure was provided to the borrower has been provided. - Due Diligence Vendor-07/XX/2026
Counter-Reviewed email within XXXX and the attachment states Flood Certificate not Flood Disclosure, finding remains - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. The subject loan was a Lend to LLC transaction. Per XXXX Lend to LLC process, only the following documents are included in the closing package: GoDocs package, Closing Instructions, Closing Disclosure, Commercial Loan Application. No other disclosures are sent with these transactions, including the Flood Hazard Disclosure. . Please see E-mail confirmation from XXXX showing the Flood Cert was sent to the borrower on 6/XX/2026. - Seller-07/XX/2026
Counter-Received Notice of Special Flood Hazard Disclosure, however disclosure is not executed. Original finding remains. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Subject Property is in Flood Zone AE but Notice of Special Flood Hazard Disclosure was not provided Missing signed - Notice of Special Flood Hazard Disclosure - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. The subject loan was a Lend to LLC transaction. Per XXXX Lend to LLC process, only the following documents are included in the closing package: GoDocs package, Closing Instructions, Closing Disclosure, Commercial Loan Application. No other disclosures are sent with these transactions, including the Flood Hazard Disclosure. . Please see E-mail confirmation from XXXX showing the Flood Cert was sent to the borrower on 6/XX/2026. - Seller-07/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026

Resolved-Proof the flood disclosure was provided to the borrower has been provided. - Due Diligence Vendor-07/30/2026

On time mortgage history exceeds guideline requirement - Needs 12, has 42 on primary residence.

Months Reserves exceed minimum required - Months Reserves exceed minimum required

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10435925

254

XXXX

Closed

FCRE1292

2026-07-27 10:55

2026-08-21 16:52

Resolved

1 - Information

Credit

Income/Employment

Income 1 Months Income Verified is Missing

Resolved-Received missing Statements. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Attached are Business Bank statements from Feb 26 to April 26. - Seller-08/XX/2026
Open-Income 1 Months Income Verified is Missing - Missing Feb - April 2026 bank Statements. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Attached are Business Bank statements from Feb 26 to April 26. - Seller-08/XX/2026

Resolved-Received missing Statements. - Due Diligence Vendor-08/21/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 44.98 Required is 50 Borrower has 44.98

Months Reserves exceed minimum required - The Borrower has 17.37 months in reserves; guideline requires 6 months.

Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 700 Borrower has 744. Required is 700 Borrower has 744

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10469200

254

XXXX

Closed

FCRE1194

2026-07-23 17:33

2026-07-27 10:58

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Originator exception granted to allow 85% LTV on 2-4 unit property, Non-material waiver applied with comp factors. - Due Diligence Vendor-07/XX/2026
Open-Audited LTV of 85% exceeds Guideline LTV of 80% .EXCEPTION: Want an exception for 85 LTV.

Guideline: Current program is maxed at 80 LTV.
2 to 4 unit Property. - Due Diligence Vendor-07/XX/2026

Waived-Originator exception granted to allow 85% LTV on 2-4 unit property, Non-material waiver applied with comp factors. - Due Diligence Vendor-07/27/2026

5+ years same employment
24+ months of clean credit
6 Years on the Job

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

10437969

229

XXXX

Closed

FCRE1440

2026-07-24 06:21

2026-07-30 09:05

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Primary housing payment is only in the spouses name, who is on the loan. Housing history has been provided. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. The documents referenced were already delivered with the loan file. See attached again. - Seller-07/XX/2026
Counter-Review did not receive noted document upload-please re upload. Fraud report reflects property purchased 06/XX/2002, owned jointly with spouse and last document recorded consisting on a modification agreement dated 04/XX/2011. XXXX mortgage statement reflects statement addressed to spouse.
- Due Diligence Vendor-07/XX/2026
Ready for Review-The borrower is living rent free with his wife. The primary residence is in the name of the borrower's spouse and evidence of the mortgage payments are on the XXXX statements. - Seller-07/XX/2026
Open-Housing History Does Not Meet Guideline Requirements Clarify if the borrower currently or has owned any property. Based on the 1003, he currently rents however on the credit report is a Home Improvement/ Mortgage with XXXX as well as the payment history from the borrower's XXXX account. Upon receipt of clarification, additional information maybe required. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. The documents referenced were already delivered with the loan file. See attached again. - Seller-07/XX/2026

Ready for Review-The borrower is living rent free with his wife. The primary residence is in the name of the borrower's spouse and evidence of the mortgage payments are on the XXXX statements. - Seller-07/XX/2026

Resolved-Primary housing payment is only in the spouses name, who is on the loan. Housing history has been provided. - Due Diligence Vendor-07/30/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR =/> 1.00 and minimum is 0.85 or Less. Min DSCR % is 0 Borrower has 1.068. Required is 0 Borrower has 1.068

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680 Borrower has 807 Required is 680 Borrower has 807

LTV is less than guideline maximum - Max LTV is 85 Borrower has 80 Required is 85 Borrower has 80

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10445416

229

XXXX

Closed

FCRE0197

2026-07-24 06:44

2026-07-29 12:26

Resolved

1 - Information

Credit

Eligibility

The Final SELLER CD/HUD is missing

Resolved-Received Final Alta statement signed by buyer Borrower and spouse, seller and settlement agent. - Due Diligence Vendor-07/XX/2026
Ready for Review-Please see attached. - Seller-07/XX/2026
Open-The Final SELLER CD/HUD is missing. Missing the Final Seller CD/ HUD. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026

Ready for Review-Please see attached. - Seller-07/XX/2026

Resolved-Received Final Alta statement signed by buyer Borrower and spouse, seller and settlement agent. - Due Diligence Vendor-07/29/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10445633

255

XXXX

Closed

FCRE1506

2026-07-24 16:49

2026-07-30 17:23

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Received complete 12 month housing history - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Responded the following to the cited issue: Since the borrower acquired the subject property in XXXX, the loan file could not contain a 12-month mortgage payment history. Instead, the XXXX mortgage rating reflected on the credit report, along with the credit supplement included in the loan file, documenting the mortgage payment history from October 2025 through June 2026, which was sufficient to satisfy the requirement.
Because the borrower did not have a full 12-month mortgage history, the loan file also included a rent-free letter confirming that, prior to purchasing the subject property, she had resided rent-free at XXXX, XXXX, CA for the preceding 12 months.
- Seller-07/XX/2026
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Upon receipt of all conditions ATR/ QM should be able to be determined. Additional information maybe required. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Responded the following to the cited issue: Since the borrower acquired the subject property in October 2025, the loan file could not contain a 12-month mortgage payment history. Instead, the XXXX mortgage rating reflected on the credit report, along with the credit supplement included in the loan file, documenting the mortgage payment history from October 2025 through June 2026, which was sufficient to satisfy the requirement.
Because the borrower did not have a full 12-month mortgage history, the loan file also included a rent-free letter confirming that, prior to purchasing the subject property, she had resided rent-free at XXXX, XXXX, CA for the preceding 12 months.
- Seller-07/XX/2026

Resolved-Received complete 12 month housing history - Due Diligence Vendor-07/30/2026

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

Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 28.68 Required is 50 Borrower has 28.68

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

10459276

255

XXXX

Closed

FCRE1440

2026-07-24 16:35

2026-07-30 17:20

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received rent free letter completing 12 month housing history - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Since the borrower acquired the subject property in October 2025, the loan file could not contain a 12-month mortgage payment history. Instead, the XXXX mortgage rating reflected on the credit report, along with the credit supplement included in the loan file, documenting the mortgage payment history from October 2025 through June 2026, which was sufficient to satisfy the requirement.
Because the borrower did not have a full 12-month mortgage history, the loan file also included a rent-free letter confirming that, prior to purchasing the subject property, she had resided rent-free at XXXX, XXXX, CA for the preceding 12 months.
- Seller-07/XX/2026
Open-Housing History Does Not Meet Guideline Requirements Missing a complete 12 month housing history. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Since the borrower acquired the subject property in October 2025, the loan file could not contain a 12-month mortgage payment history. Instead, the XXXX mortgage rating reflected on the credit report, along with the credit supplement included in the loan file, documenting the mortgage payment history from October 2025 through June 2026, which was sufficient to satisfy the requirement.
Because the borrower did not have a full 12-month mortgage history, the loan file also included a rent-free letter confirming that, prior to purchasing the subject property, she had resided rent-free at XXXX, XXXX, CA for the preceding 12 months.
- Seller-07/XX/2026

Resolved-Received rent free letter completing 12 month housing history - Due Diligence Vendor-07/30/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

10459052

255

XXXX

Closed

FCOM1353

2026-07-24 13:14

2026-07-24 13:57

Waived

2 - Non-Material

Compliance

Disclosure

Incorrect ROR Form Type selected

Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings.
- Due Diligence Vendor-07/XX/2026

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

10454079

243

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

250

XXXX

Closed

FCRE1181

2026-07-27 15:48

2026-08-05 10:48

Resolved

1 - Information

Credit

Insurance

Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed

Resolved-Special flood notice was provided to the borrower. - Due Diligence Vendor-08/XX/2026
Ready for Review-please escalate with mgmt given that XXXX does not require the notice to be signed. - Seller-08/XX/2026
Counter-Received rebuttal. Guidelines are silent regarding compliance requirement of Notice of Special Flood Hazard. Missing fully executed Notice of Special Flood Hazard. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. XXXX only requires that the borrower receive a copy of the Flood Notice; it does not require the borrower to complete or sign the notice. The loan file also contained evidence of flood insurance, demonstrating that the borrower was aware the subject property is located in a flood hazard area. - Seller-07/XX/2026
Open-Subject Property is in Flood Zone VE but Notice of Special Flood Hazard Disclosure was not provided Missing signed Notice of Special Flood Hazard Disclosure Not Completed. - Due Diligence Vendor-07/XX/2026

Ready for Review-please escalate with mgmt given that XXXX does not require the notice to be signed. - Seller-08/XX/2026

Ready for Review-Document Uploaded. XXXX only requires that the borrower receive a copy of the Flood Notice; it does not require the borrower to complete or sign the notice. The loan file also contained evidence of flood insurance, demonstrating that the borrower was aware the subject property is located in a flood hazard area. - Seller-07/XX/2026

Resolved-Special flood notice was provided to the borrower. - Due Diligence Vendor-08/05/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703

LTV is less than guideline maximum - Required is 75 Borrower has 67.96

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10475941

250

XXXX

Closed

FCRE1440

2026-07-27 15:58

2026-08-04 16:40

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received property report reflecting Property purchased July 2025 as well as lender pay history new loan XXXX with disbursement and first due XXXX and had 1 x30 for May 2026. XXXX housing requires 1x30x12. HH history requirement is met - Due Diligence Vendor-08/XX/2026
Ready for Review-Please escalate the cited issue with mgmt as sufficient documentation was provided to evidence the subject mortgage was paid as agreed.

Document Uploaded. Since the borrower acquired the subject property in July 2025, the loan file could not contain a 12-month mortgage payment history. Instead, the XXXX VOM contained a mortgage rating from August 2025 through June 2026, which was sufficient to satisfy the requirement.
- Seller-08/XX/2026
Counter-Received property profile and payment ledger. Missing terms of the mortgage to confirm acceptable payment. Provide VOM or Note. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Since the borrower acquired the subject property in July 2025, the loan file could not contain a 12-month mortgage payment history. Instead, the XXXX VOM contained a mortgage rating from August 2025 through June 2026, which was sufficient to satisfy the requirement. - Seller-07/XX/2026
Open-Housing History Does Not Meet Guideline Requirements Missing 12 month payment history on subject property mortgage/XXXX. - Due Diligence Vendor-07/XX/2026

Ready for Review-Please escalate the cited issue with mgmt as sufficient documentation was provided to evidence the subject mortgage was paid as agreed.

Document Uploaded. Since the borrower acquired the subject property in July 2025, the loan file could not contain a 12-month mortgage payment history. Instead, the XXXX VOM contained a mortgage rating from August 2025 through June 2026, which was sufficient to satisfy the requirement.
- Seller-08/XX/2026

Ready for Review-Document Uploaded. Since the borrower acquired the subject property in July 2025, the loan file could not contain a 12-month mortgage payment history. Instead, the XXXX VOM contained a mortgage rating from August 2025 through June 2026, which was sufficient to satisfy the requirement. - Seller-07/XX/2026

Resolved-Received property report reflecting Property purchased XXXX as well as lender pay history new loan XXXX with disbursement and first due XXXX and had 1 x30 for May 2026. XXXX housing requires 1x30x12. HH history requirement is met - Due Diligence Vendor-08/04/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703

LTV is less than guideline maximum - Required is 75 Borrower has 67.96

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10476327

250

XXXX

Closed

FPRO9876

2026-07-27 15:37

2026-07-28 09:45

Waived

2 - Non-Material

Property

Value

Review Product 1 > 10% OR Review Product 2 > 10% S&P B Grade

Waived-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. The file contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-07/XX/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703

LTV is less than guideline maximum - Required is 75 Borrower has 67.96

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

10475705

260

XXXX

Closed

FCRE9500

2026-07-28 16:24

2026-07-30 15:17

Resolved

1 - Information

Credit

Missing Doc

Missing Letter of Explanation (Assets)

Resolved-The provided CD reflects both deposits. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Both are on the CD. Please see attached. - Seller-07/XX/2026
Open-Borrower paid 10,000 total in EMD. 5,000.00 to Seller and 5,000.00 to escrow agent. CD only shows 5000 credit for EMD. Both cleared borrower's account 06/XX/2026 - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Both are on the CD. Please see attached. - Seller-07/XX/2026

Resolved-The provided CD reflects both deposits. - Due Diligence Vendor-07/30/2026

Qualifying FICO score is at least 20 points above minimum for program - . Required is 720 Borrower has 780

Qualifying DTI below maximum allowed - . Required is 50 Borrower has 25.66

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10499812

260

XXXX

Closed

FCRE1510

2026-07-28 10:46

2026-07-30 15:15

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-The Mortgage Document (Deed of Trust) was provided with the 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. Missing attached Exhibit A legal description - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026

Resolved-The Mortgage Document (Deed of Trust) was provided with the legal description. - Due Diligence Vendor-07/30/2026

Qualifying FICO score is at least 20 points above minimum for program - . Required is 720 Borrower has 780

Qualifying DTI below maximum allowed - . Required is 50 Borrower has 25.66

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10490540

260

XXXX

Closed

finding-3652

2026-07-28 12:05

2026-07-29 16:10

Resolved

1 - Information

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-Received explanation that lender credit decreased with COC for product change and rate update, 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 $15312 to $6900.15 due to a program change - this includes a $3 cure- see attached
The lender credit went from $6900.15 to a discount of $530.55 due to a change in rate- this includes a $3 cure- 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 ($3.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($15,312.00). 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 $15,312.00 to $3.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $15,309.00, 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 $15312 to $6900.15 due to a program change - this includes a $3 cure- see attached
The lender credit went from $6900.15 to a discount of $530.55 due to a change in rate- this includes a $3 cure- see attached - Seller-07/XX/2026

Resolved-Received explanation that lender credit decreased with COC for product change and rate update, lender credit was not listed on COC. Finding Resolved. - Due Diligence Vendor-07/29/2026

Qualifying FICO score is at least 20 points above minimum for program - . Required is 720 Borrower has 780

Qualifying DTI below maximum allowed - . Required is 50 Borrower has 25.66

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10492458

261

XXXX

Closed

FCRE1194

2026-07-28 13:16

2026-08-20 11:35

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached exception allowing the use of new matrix, available at time of lock, which allows LTV up to 80% and DTI up to 50.49% for FTHB. - Seller-08/XX/2026
Open-Audited LTV of 80% exceeds Guideline LTV of 70% FTHB without 12 months housing history limited to 70% Max CLTV & 43% DTI - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Please see attached exception allowing the use of new matrix, available at time of lock, which allows LTV up to 80% and DTI up to 50.49% for FTHB. - Seller-08/XX/2026

Waived-Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-08/20/2026

Months Reserves exceed minimum required - 6 months verified reserves exceeds 3 months required.

Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 787 Required is 640 Borrower has 787

* FICO is 20 points > Min Required
* 24+ month credit history exceeds minimum required

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

10495081

261

XXXX

Closed

FCRE1193

2026-07-28 13:16

2026-08-20 11:34

Waived

2 - Non-Material

Credit

Eligibility

Audited DTI Exceeds Guideline DTI

Waived-Waiver applied to non-material finding with comp factor. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached exception allowing the use of new matrix, available at time of lock, which allows LTV up to 80% and DTI up to 50.49% for FTHB. - Seller-08/XX/2026
Open-Audited DTI of 44.76% exceeds Guideline DTI of 43% FTHB without 12 months housing history limited to 70% Max CLTV & 43% DTI - Due Diligence Vendor-07/XX/2026

Waived-Waiver applied to non-material finding with comp factor. - Due Diligence Vendor-08/20/2026

* FICO is 20 points > Min Required
* 24+ month credit history exceeds minimum required

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

10495080

235

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

221

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

268

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

220

XXXX

Closed

finding-3352

2026-07-28 13:48

2026-07-30 13:50

Resolved

1 - Information

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-07/30/2026

Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 28.90%. Required is 50 Borrower has 28.9

Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 680 Borrower has 750. Required is 680 Borrower has 750

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10496266

234

XXXX

Closed

FCRE6019

2026-07-28 15:55

2026-07-31 13:19

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-Received SScard, F/B EAD, and TX DL as well as valid passport. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Borrower Citizenship Documentation Is Missing Borrower is a Non Permanent Resident Alien and Citizenship Documentation was not provided. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026

Resolved-Received SScard, F/B EAD, and TX DL as well as valid passport. - Due Diligence Vendor-07/31/2026

Months Reserves exceed minimum required - Minm 3, Borrower has 101.79

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 771

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10499246

234

XXXX

Closed

FCRE1206

2026-07-29 09:02

2026-07-31 13:17

Resolved

1 - Information

Credit

Eligibility

All Interested Parties Not Checked with Exclusionary Lists

Resolved-Received revised fraud report last run 7/XX/2026 1000 pass, layered entity added- p9 Loan Participant Analysis. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. - Seller-07/XX/2026
Ready for Review-See attached. - Seller-07/XX/2026
Open-All Interested Parties Not Checked with Exclusionary Lists Please add Borrower's layered LLC and provide updated fraud report search with layered LLC included. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. - Seller-07/XX/2026

Ready for Review-See attached. - Seller-07/XX/2026

Resolved-Received revised fraud report last run 7/XX/2026 1000 pass, layered entity added- p9 Loan Participant Analysis. - Due Diligence Vendor-07/31/2026

Months Reserves exceed minimum required - Minm 3, Borrower has 101.79

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 771

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10510596

246

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

276

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

233

XXXX

Closed

FCRE1506

2026-07-29 17:23

2026-08-03 15:02

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Received P&L for borrower - Due Diligence Vendor-08/XX/2026
Ready for Review-Please refer to uploaded documents in related finding. - Seller-07/XX/2026
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing Borr 12mos YTD P&L - Due Diligence Vendor-07/XX/2026

Ready for Review-Please refer to uploaded documents in related finding. - Seller-07/XX/2026

Resolved-Received P&L for borrower - Due Diligence Vendor-08/03/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 768

Verified employment history exceeds guidelines - Borrower has been self employed and owned the same business for 6 years and 5 months.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10522061

233

XXXX

Closed

FCRE1326

2026-07-29 16:57

2026-08-03 14:58

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 YTD Profit & Loss Missing

Resolved-Borrower 1 YTD Profit & Loss Provided - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026
Open-Borrower 1 YTD Profit & Loss Missing Missing Borr 12mos YTD Profit & Loss Statement. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026

Resolved-Borrower 1 YTD Profit & Loss Provided - Due Diligence Vendor-08/03/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10521666

233

XXXX

Closed

finding-3652

2026-07-29 13:31

2026-07-31 12:54

Resolved

1 - Information

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-Received explanation that lender credit decreased with COC for loan amount change, lender credit was not listed on COC. Finding Resolved. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. There was a program change and loan amount changed causing the credit to decrease from $21k to $10,800- see lock
- 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 ($10,800.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($21,000.00). 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 $21,000.00 to $10,800.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $10,200.00, 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/2026 remains EV3C - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. There was a program change and loan amount changed causing the credit to decrease from $21k to $10,800- see lock
- Seller-07/XX/2026

Resolved-Received explanation that lender credit decreased with COC for loan amount change, lender credit was not listed on COC. Finding Resolved. - Due Diligence Vendor-07/31/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10517215

233

XXXX

Closed

finding-3635

2026-07-29 13:31

2026-07-31 12:48

Resolved

1 - Information

Compliance

TRID

Charges That In Total Cannot Increase More Than 10% Test

Resolved-Received PCCD 07/XX/2026 correcting location of title fes. Finding resolved. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. See attached - fees moved to correct block - 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% ($3,360.00) exceed the comparable charges ($3,010.00) 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 (Payoff Demand and Settlement Fees) increased by $49.00 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 $49.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires 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 - fees moved to correct block - Seller-07/XX/2026

Resolved-Received PCCD 07/XX/2026 correcting location of title fes. Finding resolved. - Due Diligence Vendor-07/31/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10517219

233

XXXX

Closed

finding-3540

2026-07-29 13:31

2026-07-31 12:35

Resolved

1 - Information

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"XXXX First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ----- CD XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 07/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-07/31/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10517213

267

XXXX

Closed

FCRE0053

2026-07-29 11:55

2026-07-31 16:14

Resolved

1 - Information

Credit

Missing Doc

Rider Missing based on Property Type selected

Resolved-Received PUD Rider - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Attached is the PUD Rider - Seller-07/XX/2026
Open-Rider Missing from DOT screen based on Property Type selected on Property Page. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Attached is the PUD Rider - Seller-07/XX/2026

Resolved-Received PUD Rider - Due Diligence Vendor-07/31/2026

LTV is less than guideline maximum - Required is 70 Borrower has 65

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 1.053 Required is 0 Borrower has 1.053

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10515122

267

XXXX

Closed

FCOM1227

2026-07-29 11:55

2026-07-31 16:13

Resolved

1 - Information

Credit

Missing Doc

PUD Rider is Missing

Resolved-Received PUD Rider - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Attached is the PUD Rider - Seller-07/XX/2026
Open-PUD Rider is Missing - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Attached is the PUD Rider - Seller-07/XX/2026

Resolved-Received PUD Rider - Due Diligence Vendor-07/31/2026

LTV is less than guideline maximum - Required is 70 Borrower has 65

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 1.053 Required is 0 Borrower has 1.053

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10515120

267

XXXX

Closed

FCRE0045

2026-07-29 12:39

2026-07-31 16:09

Resolved

1 - Information

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 - 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. Attached is the ACH - Seller-07/XX/2026

Resolved-Received ACH - Due Diligence Vendor-07/31/2026

LTV is less than guideline maximum - Required is 70 Borrower has 65

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 1.053 Required is 0 Borrower has 1.053

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10516063

256

XXXX

Closed

FPRO0022

2026-07-29 14:56

2026-07-29 17:05

Resolved

1 - Information

Property

FEMA disaster (Public) after appraisal without a PDI or 1004D

Resolved-Public FEMA disaster after appraisal without a PDI or 1004D. FEMA website reflects subject property county was not affected. - Due Diligence Vendor-07/XX/2026
Open-Public FEMA disaster after appraisal without a PDI or 1004D. FEMA website reflects subject property county was not affected. - Due Diligence Vendor-07/XX/2026

Resolved-Public FEMA disaster after appraisal without a PDI or 1004D. FEMA website reflects subject property county was not affected. - Due Diligence Vendor-07/29/2026

Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO is 700; Borrower has 726.
Required is 700 Borrower has 726

DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum calculated DSCR allowed is .80%; Borrower calculated DSCR is 1.064%.
Required is 0.8 Borrower has 1.064

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10519284

266

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

213

XXXX

Closed

FCRE2393

2026-07-29 15:13

2026-08-05 15:46

Resolved

1 - Information

Credit

Missing Doc

Missing an established escrow impound account for taxes and insurance.

Resolved-Received HOI for 3a. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached HOI for Prop 3a (XXXX) - Seller-08/XX/2026
Open-Property 3a: Provide HOI statement verifying annual premium. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. See attached HOI for Prop 3a (XXXX) - Seller-08/XX/2026

Resolved-Received HOI for 3a. - Due Diligence Vendor-08/05/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.74

LTV is less than guideline maximum - Required is 70 Borrower has 55

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10519590

242

XXXX

Closed

finding-3540

2026-07-31 13:16

2026-08-05 08:46

Resolved

1 - Information

Compliance

TRID

Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test

Resolved-Received doc tracking. Finding Resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached - Seller-08/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"XXXX First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ------CD XXXX & XXXX 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-08/XX/2026

Resolved-Received doc tracking. Finding Resolved. - Due Diligence Vendor-08/05/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.61

Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 75

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10565743

279

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

236

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

222

XXXX

Closed

FCRE1198

2026-07-29 14:14

2026-08-06 11:06

Waived

2 - Non-Material

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Waived-Originator exception granted to allow 3 months reserves, waiver applied with comp factors - Due Diligence Vendor-07/XX/2026
Open-Audited Reserves of 3.84 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-07/XX/2026

Waived-Originator exception granted to allow 3 months reserves, waiver applied with comp factors - Due Diligence Vendor-07/29/2026

Credit history exceeds minimum required - 0x30x12

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 1.098 Required is 0 Borrower has 1.098

0x30x12

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

10518362

222

XXXX

Closed

FCRE1440

2026-07-29 14:06

2026-08-04 11:31

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received mortgage payment history that matches Note. Housing History Meets Guideline Requirements - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached Payment History w/Note, and Mortgage Statement for Subject Property. - Seller-07/XX/2026
Open-Housing History Does Not Meet Guideline Requirements Missing VOM for subject property lien. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. See attached Payment History w/Note, and Mortgage Statement for Subject Property. - Seller-07/XX/2026

Resolved-Received mortgage payment history that matches Note. Housing History Meets Guideline Requirements - Due Diligence Vendor-08/04/2026

Credit history exceeds minimum required - 0x30x12

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 1.098 Required is 0 Borrower has 1.098

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10518185

252

XXXX

Closed

FCRE9488

2026-09-14 17:24

2026-09-28 10:10

Resolved

1 - Information

Credit

Borrower

Potential Occupancy/Current Address Issues identified in the file

Resolved-Received auto insurance policy confirming the borrower is occupying the subject. - Due Diligence Vendor-09/XX/2026
Ready for Review-Document Uploaded. Please see the attached auto insurance policy - Seller-09/XX/2026
Open-*NEW* Provide evidence borrower is residing in subject as primary residence, with no impact to current employment located in XXXX Borrower purchase another residence, of higher value, undisclosed and notes purchased for family member. - Due Diligence Vendor-09/XX/2026

Ready for Review-Document Uploaded. Please see the attached auto insurance policy - Seller-09/XX/2026

Resolved-Received auto insurance policy confirming the borrower is occupying the subject. - Due Diligence Vendor-09/28/2026

Guideline Qualifying DTI below maximum allowed - Required is 50 Borrower has 13.45

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 794

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

11375159

252

XXXX

Closed

FCRE5782

2026-07-30 17:57

2026-09-14 17:26

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received revised 1008/1003, mortgage statement and LOE reflecting purchased for family member. - Due Diligence Vendor-09/XX/2026
Ready for Review-The borrower has provided the mortgage statement for XXXX with XXXX, which reflects a monthly payment of $XXXX. The mortgage is impounded, and the amount being collected is sufficient to cover the required taxes and insurance (T&I), as outlined below:
• Property Purchase Price: $XXXX × 1.25% ÷ 12 = $XXXX
• Homeowners Insurance (HOI): $103.83
• Total Monthly Impound: $1,509.04
Per the Letter of Explanation (LOE) in the loan file, the borrower purchased the subject property for his daughter. However, since the borrower is making the full monthly mortgage payment, the entire liability has been included in the borrower’s DTI calculation. Even with the full liability included, the loan remains within the applicable guideline tolerance.
- Seller-09/XX/2026
Ready for Review-Document Uploaded. The borrower has provided the mortgage statement for XXXX with XXXX, which reflects a monthly payment of $XXXX. The mortgage is impounded, and the amount being collected is sufficient to cover the required taxes and insurance (T&I), as outlined below:
• Property Purchase Price: $XXXX × 1.25% ÷ 12 = $XXXX
• Homeowners Insurance (HOI): $103.83
• Total Monthly Impound: $1,509.04
Per the Letter of Explanation (LOE) in the loan file, the borrower purchased the subject property for his daughter. However, since the borrower is making the full monthly mortgage payment, the entire liability has been included in the borrower’s DTI calculation. Even with the full liability included, the loan remains within the applicable guideline tolerance.
- Seller-09/XX/2026
Counter-Received Gap Credit which disclosed a new mortgage. Please provide Note, Taxes, Ins or Mortgage statement, Taxes and Ins as well as HOA dues if any, if not borrower to provide LOX. Is the property a Primary, 2nd home or Investment? - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The gap report identified a new mortgage with XXXX Mortgage, loan XXXX, that was not disclosed by the borrower.

The undisclosed property has been included in the borrower’s liabilities with a monthly mortgage payment of $XXXX. Property taxes were calculated at 1.25% of the purchase price of $XXXX, resulting in a monthly tax liability of $XXXX. Homeowners insurance was calculated at 0.30% of the purchase price, resulting in a monthly HOI liability of $XXXX. The total monthly PITIA for the property is $10,430.46.

After including the above liability in the borrower’s debt-to-income ratios, the final DTI is 34.606%, which remains within the applicable tolerance. See the attached updated 1003 and 1008.
- Seller-08/XX/2026
Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-07/XX/2026

Ready for Review-The borrower has provided the mortgage statement for XXXX with XXXX, which reflects a monthly payment of $XXXX. The mortgage is impounded, and the amount being collected is sufficient to cover the required taxes and insurance (T&I), as outlined below:
• Property Purchase Price: $XXXX × 1.25% ÷ 12 = $XXXX
• Homeowners Insurance (HOI): $103.83
• Total Monthly Impound: $1,509.04
Per the Letter of Explanation (LOE) in the loan file, the borrower purchased the subject property for his daughter. However, since the borrower is making the full monthly mortgage payment, the entire liability has been included in the borrower’s DTI calculation. Even with the full liability included, the loan remains within the applicable guideline tolerance.
- Seller-09/XX/2026

Ready for Review-Document Uploaded. The borrower has provided the mortgage statement for XXXX with XXXX, which reflects a monthly payment of $XXXX. The mortgage is impounded, and the amount being collected is sufficient to cover the required taxes and insurance (T&I), as outlined below:
• Property Purchase Price: $XXXX × 1.25% ÷ 12 = $XXXX
• Homeowners Insurance (HOI): $103.83
• Total Monthly Impound: $1,509.04
Per the Letter of Explanation (LOE) in the loan file, the borrower purchased the subject property for his daughter. However, since the borrower is making the full monthly mortgage payment, the entire liability has been included in the borrower’s DTI calculation. Even with the full liability included, the loan remains within the applicable guideline tolerance.
- Seller-09/XX/2026

Ready for Review-Document Uploaded. The gap report identified a new mortgage with XXXX Mortgage, loan XXXX, that was not disclosed by the borrower.

The undisclosed property has been included in the borrower’s liabilities with a monthly mortgage payment of $XXXX. Property taxes were calculated at 1.25% of the purchase price of $XXXX, resulting in a monthly tax liability of $XXXX. Homeowners insurance was calculated at 0.30% of the purchase price, resulting in a monthly HOI liability of $XXXX. The total monthly PITIA for the property is $10,430.46.

After including the above liability in the borrower’s debt-to-income ratios, the final DTI is 34.606%, which remains within the applicable tolerance. See the attached updated 1003 and 1008.
- Seller-08/XX/2026

Resolved-Received revised 1008/1003, mortgage statement and LOE reflecting purchased for family member. - Due Diligence Vendor-09/14/2026

Guideline Qualifying DTI below maximum allowed - Required is 50 Borrower has 13.45

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 794

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10547170

282

XXXX

Closed

FCRE0200

2026-07-30 14:03

2026-08-25 12:35

Resolved

1 - Information

Credit

Debt

Missing proof of liability not disclosed on credit report

Resolved-Received CD for refi of primary address to close 8/XX. payment amount is much less than the amount used for qualifying - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The finding is addressed. There is a simultaneous refinance, XXXX Loan XXXX, secured by the borrower’s primary residence associated with Property 3a. The refinance has been pursued but has not yet closed. The estimated closing date is 08/XX/2026.

The loan was approved with a total primary residence expense of $31,931.32. This amount is higher than the $31,774.28 total primary expense reflected on the estimated Closing Disclosure. Therefore, the approved file reflects a more conservative expense amount than the current estimated CD.

As the simultaneous refinance remains pending and has not closed as of the date of this response, the draft/estimated CD should not be interpreted as evidence that the loan had already closed. The applicable primary residence expense was already accounted for in the loan approval. - Seller-08/XX/2026
Open-Property 3a: Provide clarification if there is a simultaneous refi XXXX loan XXXX on primary resident with docs to support new loan terms and escrows. (File contained draft CD, but it was unclear from docs in file if loan was pursued). - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. The finding is addressed. There is a simultaneous refinance, XXXX Loan XXXX, secured by the borrower’s primary residence associated with Property 3a. The refinance has been pursued but has not yet closed. The estimated closing date is 08/XX/2026.

The loan was approved with a total primary residence expense of $31,931.32. This amount is higher than the $31,774.28 total primary expense reflected on the estimated Closing Disclosure. Therefore, the approved file reflects a more conservative expense amount than the current estimated CD.

As the simultaneous refinance remains pending and has not closed as of the date of this response, the draft/estimated CD should not be interpreted as evidence that the loan had already closed. The applicable primary residence expense was already accounted for in the loan approval. - Seller-08/XX/2026

Resolved-Received CD for refi of primary address to close 8/xx. payment amount is much less than the amount used for qualifying - Due Diligence Vendor-08/25/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 30.79

LTV is less than guideline maximum - Required is 70 Borrower has 59.08

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 764

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10542266

282

XXXX

Closed

FCRE7748

2026-07-31 15:57

2026-08-25 12:29

Resolved

1 - Information

Credit

Eligibility

Valuation Product Does Not Meet Guidelines

Resolved-Received updated 1008 and 1003, LTV has been adjusted due to correction of appraised value - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Attached are the PC 1003 and PC 1008 showing AV of $XXXX and LTV of 59.084%. - Seller-08/XX/2026
Open-1008 and approval reflects LTV 50% and qualifying value of $XXXX. This does not match appraised value $XXXX. Provide documentation to support LTV 50% and value $XXXX or require an updated 1008 with qualifying LTV and value.
- Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Attached are the PC 1003 and PC 1008 showing AV of $XXXX and LTV of 59.084%. - Seller-08/XX/2026

Resolved-Received updated 1008 and 1003, LTV has been adjusted due to correction of appraised value - Due Diligence Vendor-08/25/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10569506

282

XXXX

Closed

FCRE1158

2026-07-30 13:08

2026-08-03 13:41

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-Received HOI, EMAIL, and Receipt confirming Balance $3704.17 paid on CD. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. This is a cash-out refinance of an investment property. The hazard insurance policy provided evidences active coverage for the policy period of December 9, 2025 through December 9, 2026.

While the declarations page does not separately disclose the annual premium, the insurance invoice included in the loan file reflects an annual premium of $12,397.73 and a paid-to-date amount of $7,767.50. Accordingly, the loan file contains documentation evidencing both the required insurance coverage and the annual premium.

Based on the documentation provided, the finding is respectfully disputed. - Seller-07/XX/2026
Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Provide HO6 policy with annual premium disclosed. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. This is a cash-out refinance of an investment property. The hazard insurance policy provided evidences active coverage for the policy period of December 9, 2025 through December 9, 2026.

While the declarations page does not separately disclose the annual premium, the insurance invoice included in the loan file reflects an annual premium of $12,397.73 and a paid-to-date amount of $7,767.50. Accordingly, the loan file contains documentation evidencing both the required insurance coverage and the annual premium.

Based on the documentation provided, the finding is respectfully disputed. - Seller-07/XX/2026

Resolved-Received HOI, EMAIL, and Receipt confirming Balance $3704.17 paid on CD. - Due Diligence Vendor-08/03/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10540713

241

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

239

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

211

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

231

XXXX

Closed

FCRE8000

2026-08-03 16:08

2026-08-12 17:55

Resolved

1 - Information

Credit

Missing Doc - Credit

Property 1: HOA documentation missing

Resolved-Received HOA verification. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. - Seller-08/XX/2026
Ready for Review-Document Uploaded. Please see XXXX HOA FEE. - Seller-08/XX/2026
Open-Missing verification of HOA fees for the subject property. Per 1003 and CD reflect HOA. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. - Seller-08/XX/2026

Ready for Review-Document Uploaded. Please see XXXX HOA FEE. - Seller-08/XX/2026

Resolved-Received HOA verification. - Due Diligence Vendor-08/12/2026

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 796

Guideline LTV is less than guideline maximum - Required is 75 Borrower has 68.36

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10603187

231

XXXX

Closed

FCRE0140

2026-08-03 16:18

2026-08-07 15:27

Resolved

1 - Information

Credit

Eligibility

DSCR loan does not meet program guidelines

Resolved-Received confirmation subject is vacant and meets guideline 3.5. - Due Diligence Vendor-08/XX/2026
Ready for Review-We kindly disagree guidelines only require lease, security deposit and 1st month rent if using rents higher than marker rent. We note underwriting used market rent so no additional items needed. - Seller-08/XX/2026
Open-Missing lease agreement and property is vacant. Per GL 3.3; If the property is vacant, the borrower may bring in a new tenant and use the new lease to qualify at up to 120% of the Form 1007/1025 market rent, with the security deposit and first month's rent documented prior to closing. - Due Diligence Vendor-08/XX/2026

Ready for Review-We kindly disagree guidelines only require lease, security deposit and 1st month rent if using rents higher than marker rent. We note underwriting used market rent so no additional items needed. - Seller-08/XX/2026

Resolved-Received confirmation subject is vacant and meets guideline 3.5. - Due Diligence Vendor-08/07/2026

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 796

Guideline LTV is less than guideline maximum - Required is 75 Borrower has 68.36

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10603423

237

XXXX

Closed

FCRE1145

2026-07-31 14:25

2026-08-14 13:49

Resolved

1 - Information

Credit

Missing Doc

Title Document Missing

Resolved-Received preliminary title reflecting sufficient coverage. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. see the attached title supplement with a coverage amount of $XX - Seller-08/XX/2026
Counter-Received title however no title coverage is shown. Please provide updated title - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. see the attached prelim - Seller-08/XX/2026
Open-Title Document is missing Provide Title Commitment Policy. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. see the attached title supplement with a coverage amount of $XX- Seller-08/XX/2026
Ready for Review-Document Uploaded. see the attached prelim - Seller-08/XX/2026

Resolved-Received preliminary title reflecting sufficient coverage. - Due Diligence Vendor-08/14/2026

DSCR % greater than 1.20 - DSCR 1.848, Lender minimum 1.0. greater than 1.20

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 668

Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 10.51m.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10567429

237

XXXX

Closed

FCRE1181

2026-07-31 14:43

2026-08-05 15:26

Resolved

1 - Information

Credit

Insurance

Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed

Resolved-Flood Insurance is provided by the Condo Association - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. XXXX does not require the borrower to sign the Special Flood Hazard Disclosure. The condominium project maintains flood insurance coverage; therefore, the subject property is covered under the project's policy. - Seller-08/XX/2026
Open-Subject Property is in Flood Zone AE but Notice of Special Flood Hazard Disclosure was not provided. (signed form not in file) - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. XXXX does not require the borrower to sign the Special Flood Hazard Disclosure. The condominium project maintains flood insurance coverage; therefore, the subject property is covered under the project's policy. - Seller-08/XX/2026

Resolved-Flood Insurance is provided by the Condo Association - Due Diligence Vendor-08/05/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10567810

285

XXXX

Closed

FCRE1506

2026-08-03 09:18

2026-09-08 13:51

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Credit findings have been resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. - Seller-08/XX/2026
Ready for Review-HOI and Tax bill is not required since mortgage is escrowed. Taxes and Insurance is being paid through the mortgage. Please note borrower was hit for the full payment of $2865.10m therefore, adjusting the housing expense to only taxes, insurance and HOA would just decrease the DTI and strengthen our loan. Can this be cleared. - Seller-08/XX/2026
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing evidence of TIA for REO 3A as reflected on Final 1003. Borrower is not on note - proof provided. However, no HOI or Tax Bill provided. Mortgage statement reflects escrowed. HOA confirmation email only supports $155.67 monthly. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. - Seller-08/XX/2026

Ready for Review-HOI and Tax bill is not required since mortgage is escrowed. Taxes and Insurance is being paid through the mortgage. Please note borrower was hit for the full payment of $2865.10m therefore, adjusting the housing expense to only taxes, insurance and HOA would just decrease the DTI and strengthen our loan. Can this be cleared. - Seller-08/XX/2026

Resolved-Credit findings have been resolved. - Due Diligence Vendor-08/12/2026

Guideline LTV is less than guideline maximum - Required is 85 Borrower has 80

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10591289

285

XXXX

Closed

FCRE6844

2026-08-03 14:35

2026-08-28 11:04

Resolved

1 - Information

Credit

Assets

Gift Funds General

Resolved-Received PCCD, borrower has sufficient funds to close/reserves. Gift letters provided total $25,000 - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. PLS SEE PCCD AND KINDLY CLEAR THE FINDING. - Seller-08/XX/2026
Counter-Gift and wire receipts provided, however the PCCD was not uploaded. Please provide the PCCD. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see the attached wire transaction, Gift Letters, and the corrected PCCD.

The $25,000.00 should have been reflected as coming from the Earnest Money Deposit (EMD) and not from Gift Funds.

Please review and update the file accordingly. - Seller-08/XX/2026
Counter-Gift Letter provided, please provide documentation to Support the $25k gift funds reflected on the Final Closing Disclosure is part of the total Gift amount of $122,458.89. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached gift letter - Seller-08/XX/2026
Open-Provide proof of gift given to escrow in the amount of $25,000. Please verify if part of a gift from daughter. Gift letter for $25,000 to be provided if not part of the gifts from daughter. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. PLS SEE PCCD AND KINDLY CLEAR THE FINDING. - Seller-08/XX/2026

Ready for Review-Document Uploaded. Please see the attached wire transaction, Gift Letters, and the corrected PCCD.

The $25,000.00 should have been reflected as coming from the Earnest Money Deposit (EMD) and not from Gift Funds.

Please review and update the file accordingly. - Seller-08/XX/2026

Ready for Review-Document Uploaded. Please see attached gift letter - Seller-08/XX/2026

Resolved-Received PCCD, borrower has sufficient funds to close/reserves. Gift letters provided total $25,000 - Due Diligence Vendor-08/28/2026

Guideline LTV is less than guideline maximum - Required is 85 Borrower has 80

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10600675

285

XXXX

Closed

FCRE7497

2026-08-03 14:41

2026-08-12 16:52

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Received all required PITIA verification. - Due Diligence Vendor-08/XX/2026
Ready for Review-HOI and Tax bill is not required since mortgage is escrowed. Taxes and Insurance is being paid through the mortgage. Please note borrower was hit for the full payment of $2865.10m therefore, adjusting the housing expense to only taxes, insurance and HOA would just decrease the DTI and strengthen our loan. Can this be cleared. - Seller-08/XX/2026
Ready for Review-HOI and Tax bill is not required since mortgage is escrowed. Taxes and Insurance is being paid through the mortgage. - Seller-08/XX/2026
Counter-Received LOX, copy of note and emails supporting $155.67/mo HOA. Summary report for primary does not reflect property tax due. Condition remains: Refer to original condition and please provide: no HOI or Tax Bill provided - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see Rent Free Letter and Note for XXXX. - Seller-08/XX/2026
Ready for Review-Document Uploaded. Please see attached HOA and property profile for verification - Seller-08/XX/2026
Open-Missing evidence of TIA for REO 3A as reflected on Final 1003. Borrower is not on note - proof provided. However, no HOI or Tax Bill provided. Mortgage statement reflects escrowed. HOA confirmation email only supports $155.67 monthly. - Due Diligence Vendor-08/XX/2026

Ready for Review-HOI and Tax bill is not required since mortgage is escrowed. Taxes and Insurance is being paid through the mortgage. Please note borrower was hit for the full payment of $2865.10m therefore, adjusting the housing expense to only taxes, insurance and HOA would just decrease the DTI and strengthen our loan. Can this be cleared. - Seller-08/XX/2026

Ready for Review-HOI and Tax bill is not required since mortgage is escrowed. Taxes and Insurance is being paid through the mortgage. - Seller-08/XX/2026

Ready for Review-Document Uploaded. Please see Rent Free Letter and Note for XXXX. - Seller-08/XX/2026

Ready for Review-Document Uploaded. Please see attached HOA and property profile for verification - Seller-08/XX/2026

Resolved-Received all required PITIA verification. - Due Diligence Vendor-08/12/2026

Guideline LTV is less than guideline maximum - Required is 85 Borrower has 80

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10600829

285

XXXX

Closed

finding-3634

2026-07-31 09:52

2026-08-12 12:24

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Received delivery of CD, finding resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See previous condition that was cleared - Seller-08/XX/2026
Ready for Review-Document Uploaded. See previous condition - Seller-08/XX/2026
Ready for Review-Document Uploaded. See attached- CD Delivered 7/XX/2026 - 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 $9,022.00.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 $8,890.00 (Loan Discount Points Fee) without a valid COC in file. Due to timing must provide evidence of when CD XXXX was received to the borrower. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $8,890.00, 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 - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. See previous condition that was cleared - Seller-08/XX/2026

Ready for Review-Document Uploaded. See previous condition - Seller-08/XX/2026

Ready for Review-Document Uploaded. See attached- CD Delivered 7/XX/2026 - Seller-08/XX/2026

Resolved-Received delivery of CD, finding resolved. - Due Diligence Vendor-08/12/2026

Guideline LTV is less than guideline maximum - Required is 85 Borrower has 80

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10560150

285

XXXX

Closed

finding-3540

2026-07-31 09:52

2026-08-12 12:16

Resolved

1 - Information

Compliance

TRID

Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test

Resolved-Received CD receipt, finding resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached- Showing CD Delivered on 7/XX/2026 - Seller-08/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"XXXX First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ----- CD XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 07/XX/2029. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. Please see attached- Showing CD Delivered on 7/XX/2026 - Seller-08/XX/2026

Resolved-Received CD receipt, finding resolved. - Due Diligence Vendor-08/12/2026

Guideline LTV is less than guideline maximum - Required is 85 Borrower has 80

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10560148

285

XXXX

Closed

finding-3652

2026-07-31 09:52

2026-08-12 12:16

Resolved

1 - Information

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-Received evidence of borrower acknowledgement, finding resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Total lender credit was $767 which included a cure of $132

There was a change to the interest rate that was a cost causing the lender credit to decrease to $132 - see attached - Seller-08/XX/2026
Ready for Review-Document Uploaded. See attached- CD Delivered 7/XX/2026 - 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 ($132.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($767.00). 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 $767.00 to $0.00 without a valid COC in file. Due to timing provide evidence that CD XXXX is signed. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $635.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires 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. Total lender credit was $767 which included a cure of $132

There was a change to the interest rate that was a cost causing the lender credit to decrease to $132 - see attached - Seller-08/XX/2026

Ready for Review-Document Uploaded. See attached- CD Delivered 7/XX/2026 - Seller-08/XX/2026

Resolved-Received evidence of borrower acknowledgement, finding resolved. - Due Diligence Vendor-08/12/2026

Guideline LTV is less than guideline maximum - Required is 85 Borrower has 80
Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10560149

283

XXXX

Closed

FCRE0184

2026-08-03 13:22

2026-08-07 13:55

Resolved

1 - Information

Credit

Eligibility

Missing Cash-out Letter on a Business Purpose Loan

Resolved-Received Cash out Letter - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached LOE for Cash-Out. - Seller-08/XX/2026
Open-Missing Cash-out Letter on a Business Purpose Loan. Provide Missing Cashout Letter. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached LOE for Cash-Out. - Seller-08/XX/2026

Resolved-Received Cash out Letter - Due Diligence Vendor-08/07/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 700 Borrower has 773. Required is 700 Borrower has 773

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10598673

248

XXXX

Closed

FCRE1506

2026-08-03 09:50

2026-08-04 14:50

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-08/XX/2026
Ready for Review-Please refer to uploaded documents in related finding. - Seller-08/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-08/XX/2026

Ready for Review-Please refer to uploaded documents in related finding. - Seller-08/XX/2026

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-08/04/2026

Long term residence - Borrower has resided at current home for over 3+ years.

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 796

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10591955

248

XXXX

Closed

FCRE1483

2026-08-03 09:44

2026-08-04 14:49

Resolved

1 - Information

Credit

Assets

Asset 5 Does Not Meet Guideline Requirements

Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026
Open-Asset 5 Does Not Meet Guideline Requirements Missing proof that the $75000 Gift was given to the Borrower or to Escrow. Without this Gift the borrower will be short funds to close/ Reserves. Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-08/04/2026

Long term residence - Borrower has resided at current home for over 3+ years.

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 796

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10591838

248

XXXX

Closed

finding-3625

2026-07-31 15:31

2026-08-04 11:02

Resolved

1 - Information

Compliance

TRID

TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" Validation Test

Resolved-Received PCCD 08/XX/2026 correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached - Seller-08/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 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 07/XX/2027 - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. See attached - Seller-08/XX/2026

Resolved-Received PCCD 08/03/2026 correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-08/04/2026

Long term residence - Borrower has resided at current home for over 3+ years.

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 796

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10568727

253

XXXX

Closed

FCRE1198

2026-08-03 13:04

2026-08-25 12:57

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-Received transaction confirming $70,628.49 balance as of 7/XX/26 - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The finding is not supported. The XXXX account ending in XXXX was verified with an updated statement dated 07/XX/2026, which reflects a balance of $70,628.49 on page 15 of 27. This documentation supports the $70,628 balance reported on the Final 1003.

The audit reflects a prior balance of $54,644.46 as of 07/XX/2026; however, the subsequently dated XXXX statement confirms the updated balance of $70,628.49. The Closing Disclosure is dated 07/XX/2026, making the 07/XX/2026 documentation the more recent evidence available prior to closing.

Accordingly, the Final 1003 liability balance is supported by the updated XXXX documentation, and no discrepancy remains. No issues were identified. - Seller-08/XX/2026
Counter-Received 1003. Audit reflects current balance for xxXXXX dated 7/XX/26 as $54,644.46. Missing updated printout or statement supporting balance on final 1003 of $70,628. Finding remains - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. - Seller-08/XX/2026
Ready for Review-Document Uploaded. The reserve calculation has been reviewed. The Funds to Close Calculator reflects verified liquid assets of $70,628.00. Per the Final Closing Disclosure, the required funds to close were $47,123.22.

The guideline required reserves are calculated as 6 months of reserves totaling $12,485.00. After applying the verified liquid assets toward the funds required to close, the remaining available funds are sufficient to meet the required reserve requirement.

Calculation:

Verified Liquid Assets: $70,628.00
Less Funds to Close: ($47,123.22)
Remaining Available Assets: $23,504.78
Required 6 Months Reserves: $12,485.00

The borrower has sufficient verified liquid assets remaining after closing to satisfy the required 6-month reserve requirement. The audited reserve months calculation did not accurately reflect the available liquid assets remaining after consideration of the final funds to close. - Seller-08/XX/2026
Open-Audited Reserves of 3.61 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The finding is not supported. The XXXX account ending in XXXX was verified with an updated statement dated 07/XX/2026, which reflects a balance of $70,628.49 on page 15 of 27. This documentation supports the $70,628 balance reported on the Final 1003.

The audit reflects a prior balance of $54,644.46 as of 07/XX/2026; however, the subsequently dated XXXX statement confirms the updated balance of $70,628.49. The Closing Disclosure is dated 07/XX/2026, making the 07/XX/2026 documentation the more recent evidence available prior to closing.

Accordingly, the Final 1003 liability balance is supported by the updated XXXX documentation, and no discrepancy remains. No issues were identified. - Seller-08/XX/2026
Ready for Review-Document Uploaded. - Seller-08/XX/2026
Ready for Review-Document Uploaded. The reserve calculation has been reviewed. The Funds to Close Calculator reflects verified liquid assets of $70,628.00. Per the Final Closing Disclosure, the required funds to close were $47,123.22.

The guideline required reserves are calculated as 6 months of reserves totaling $12,485.00. After applying the verified liquid assets toward the funds required to close, the remaining available funds are sufficient to meet the required reserve requirement.

Calculation:

Verified Liquid Assets: $70,628.00
Less Funds to Close: ($47,123.22)
Remaining Available Assets: $23,504.78
Required 6 Months Reserves: $12,485.00

The borrower has sufficient verified liquid assets remaining after closing to satisfy the required 6-month reserve requirement. The audited reserve months calculation did not accurately reflect the available liquid assets remaining after consideration of the final funds to close. - Seller-08/XX/2026

Resolved-Received transaction confirming $70,628.49 balance as of 7/24/26 - Due Diligence Vendor-08/25/2026

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 767

Guideline Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.2

Guideline LTV is less than guideline maximum - Required is 85 Borrower has 75

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10598269

253

XXXX

Closed

FCRE0105

2026-08-03 12:55

2026-08-25 12:50

Resolved

1 - Information

Credit

Eligibility

Condo Structural Reports not in file

Resolved-Received Lender rebuttal and Questionnaire. Review of Guideline confirm California and Florida: Condominiums require an attestation from the HOA regarding required structural inspections. No further documentation is required - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. - Seller-08/XX/2026
Ready for Review-HOA attestation per the condo questionnaire states the last Florida inspection was over three years ago and the last inspection did not have any findings related to safety, soundness, structural integrity, and habitability. No deferred maintenance is also confirmed. Non-QM guide only asks us for HOA attestation regarding FL structural inspection . Per 9.11 Condo projects - California and Florida: Condominiums require an attestation from the HOA regarding required structural inspections. No further documentation is required. - Seller-08/XX/2026
Open-The file does not contain the required structural engineer report per state law. Missing structural engineer report. Additional findings may apply. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. - Seller-08/XX/2026

Ready for Review-HOA attestation per the condo questionnaire states the last Florida inspection was over three years ago and the last inspection did not have any findings related to safety, soundness, structural integrity, and habitability. No deferred maintenance is also confirmed. Non-QM guide only asks us for HOA attestation regarding FL structural inspection . Per 9.11 Condo projects - California and Florida: Condominiums require an attestation from the HOA regarding required structural inspections. No further documentation is required. - Seller-08/XX/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10598096

253

XXXX

Closed

FCRE1506

2026-08-03 12:58

2026-08-06 17:13

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Twelve months of bank statements were provided dated 5/XX/2025 through 4/XX/2026. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The TPR finding is not applicable.

Per Section 6.1.1 Business Bank Statements, the most recent business bank statement must be dated within 60 days of the application date. The application date for this loan is XXXX.

The business bank statements provided in the loan file cover the period of 05/XX/2025 through 04/XX/2026, representing 12 consecutive months of business bank statement history. The most recent statement ending 04/XX/2026 is within 60 days of the application date and satisfies the guideline requirement.

The TPR counter states that the income analysis utilized statements from 07/XX/2025 through 06/XX/2026 and that the 05/XX/2026–05/XX/2026 statement was omitted. However, this is inconsistent with the documentation contained in the loan file. Attached is the Income Calculation Worksheet, which confirms that the income analysis was completed using the 12-month business bank statement period of 05/2025 through 04/2026, not 07/2025 through 06/2026 as referenced in the counter.

Accordingly, the required 12 consecutive months of business bank statements were provided, and the most recent statement complies with the 60-day recency requirement. Therefore, a separate 05/XX/2026–05/XX/2026 business bank statement is not required under the applicable guideline.

Finding should be removed. - Seller-08/XX/2026
Counter-Pending income docs: bank statement loan. XXXX XXXX statements from 07/XX/2025 - 06/XX/2026 however the statement from May 1s, 2026 - May 29,2026 was skipped. Please forward at the earliest. - Due Diligence Vendor-08/XX/2026
Ready for Review-The TPR finding is not applicable. Per Section 6.1.1 Business Bank Statements, the most recent business bank statement must be dated within 60 days of the application date. The application date is XXXX. The business bank statements provided cover 05/XX/2025 through 04/XX/2026, representing 12 consecutive months of business bank statement history. The most recent statement ending 04/XX/2026 is dated within 60 days of the application date. The guideline does not require the statement period to extend through the month immediately preceding closing; it only requires the most recent statement to be within 60 days of application. Therefore, the additional 05/XX/2026–05/XX/2026 statement is not required. - Seller-08/XX/2026
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing 5/XX/ thru 5/XX/26 bank statements to complete 12 months history. Additional findings may apply. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The TPR finding is not applicable.

Per Section 6.1.1 Business Bank Statements, the most recent business bank statement must be dated within 60 days of the application date. The application date for this loan is XXXX.

The business bank statements provided in the loan file cover the period of 05/XX/2025 through 04/XX/2026, representing 12 consecutive months of business bank statement history. The most recent statement ending 04/XX/2026 is within 60 days of the application date and satisfies the guideline requirement.

The TPR counter states that the income analysis utilized statements from 07/XX/2025 through 06/XX/2026 and that the 05/XX/2026–05/XX/2026 statement was omitted. However, this is inconsistent with the documentation contained in the loan file. Attached is the Income Calculation Worksheet, which confirms that the income analysis was completed using the 12-month business bank statement period of 05/2025 through 04/2026, not 07/2025 through 06/2026 as referenced in the counter.

Accordingly, the required 12 consecutive months of business bank statements were provided, and the most recent statement complies with the 60-day recency requirement. Therefore, a separate 05/XX/2026–05/XX/2026 business bank statement is not required under the applicable guideline.

Finding should be removed. - Seller-08/XX/2026
Ready for Review-The TPR finding is not applicable. Per Section 6.1.1 Business Bank Statements, the most recent business bank statement must be dated within 60 days of the application date. The application date is XXXX. The business bank statements provided cover 05/XX/2025 through 04/XX/2026, representing 12 consecutive months of business bank statement history. The most recent statement ending 04/XX/2026 is dated within 60 days of the application date. The guideline does not require the statement period to extend through the month immediately preceding closing; it only requires the most recent statement to be within 60 days of application. Therefore, the additional 05/XX/2026–05/XX/2026 statement is not required. - Seller-08/XX/2026

Resolved-Twelve months of bank statements were provided dated 5/1/2025 through 4/30/2026. - Due Diligence Vendor-08/06/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10598135

253

XXXX

Closed

FCRE0179

2026-08-03 12:55

2026-08-06 17:08

Resolved

1 - Information

Credit

Eligibility

UW Attestation/Docs stating warrantability are missing

Resolved-Received warranty attestation. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The subject property was reviewed and determined to be a warrantable condominium, as reflected on the completed 1008. The Limited Condominium Project Questionnaire for XXXX. was also provided and reviewed as supporting documentation for the warrantability determination.

The completed questionnaire does not reflect any characteristics that would make the project ineligible, including no condotel characteristics, no hotel operations, no rental pool, no litigation, no significant deferred maintenance, no special assessments, and no ownership concentration concerns. The project is reported as fee simple, complete, and controlled by the unit owners.

The condo warrantability determination was documented on the 1008 during underwriting review. Based on the 1008 and supporting Limited Condominium Project Questionnaire, the subject project meets warrantable condominium requirements.

Please reconsider the finding, as the warrantability determination was completed and documented in the loan file. - Seller-08/XX/2026
Open-UW Attestation/Docs stating warrantability are missing. Missing condo underwriter attestation. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The subject property was reviewed and determined to be a warrantable condominium, as reflected on the completed 1008. The Limited Condominium Project Questionnaire for XXXX. was also provided and reviewed as supporting documentation for the warrantability determination.

The completed questionnaire does not reflect any characteristics that would make the project ineligible, including no condotel characteristics, no hotel operations, no rental pool, no litigation, no significant deferred maintenance, no special assessments, and no ownership concentration concerns. The project is reported as fee simple, complete, and controlled by the unit owners.

The condo warrantability determination was documented on the 1008 during underwriting review. Based on the 1008 and supporting Limited Condominium Project Questionnaire, the subject project meets warrantable condominium requirements.

Please reconsider the finding, as the warrantability determination was completed and documented in the loan file. - Seller-08/XX/2026

Resolved-Received warranty attestation. - Due Diligence Vendor-08/06/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10598097

253

XXXX

Closed

FCRE1342

2026-08-03 15:24

2026-08-06 11:31

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Business Bank Statements Missing

Resolved-Twelve months of bank statements were provided dated 5/XX/2025 through 4/XX/2026. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The TPR finding is not applicable.

Per Section 6.1.1 Business Bank Statements, the most recent business bank statement must be dated within 60 days of the application date. The application date for this loan is XXXX.

The business bank statements provided in the loan file cover the period of 05/XX/2025 through 04/XX/2026, representing 12 consecutive months of business bank statement history. The most recent statement ending 04/XX/2026 is within 60 days of the application date and satisfies the guideline requirement.

The TPR counter states that the income analysis utilized statements from 07/XX/2025 through 06/XX/2026 and that the 05/XX/2026–05/XX/2026 statement was omitted. However, this is inconsistent with the documentation contained in the loan file. Attached is the Income Calculation Worksheet, which confirms that the income analysis was completed using the 12-month business bank statement period of 05/2025 through 04/2026, not 07/2025 through 06/2026 as referenced in the counter.

Accordingly, the required 12 consecutive months of business bank statements were provided, and the most recent statement complies with the 60-day recency requirement. Therefore, a separate 05/XX/2026–05/XX/2026 business bank statement is not required under the applicable guideline.

Finding should be removed. - Seller-08/XX/2026
Counter-Received rebuttal, verified the file presents XXXX 3803 statements from 07/XX/2025 - 06/XX/2026 however the statement from May 1s, 2026 - May 29,2026 was skipped. Please forward at the earliest. - Due Diligence Vendor-08/XX/2026
Ready for Review-The TPR finding is not applicable. Per Section 6.1.1 Business Bank Statements, the most recent business bank statement must be dated within 60 days of the application date.

The application date is XXXX. The business bank statements provided cover 05/XX/2025 through 04/XX/2026, representing 12 consecutive months of business bank statement history. The most recent statement ending 04/XX/2026 is dated within 60 days of the application date.

The guideline does not require the statement period to extend through the month immediately preceding closing; it only requires the most recent statement to be within 60 days of application. Therefore, the additional 05/XX/2026–05/XX/2026 statement is not required. - Seller-08/XX/2026
Open-Borrower 1 Business Bank Statements Missing Only provided 11 months of bank statements. missing 5/1-5/XX/26 bank statement. Additional findings may apply. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The TPR finding is not applicable.

Per Section 6.1.1 Business Bank Statements, the most recent business bank statement must be dated within 60 days of the application date. The application date for this loan is XXXX.

The business bank statements provided in the loan file cover the period of 05/XX/2025 through 04/XX/2026, representing 12 consecutive months of business bank statement history. The most recent statement ending 04/XX/2026 is within 60 days of the application date and satisfies the guideline requirement.

The TPR counter states that the income analysis utilized statements from 07/XX/2025 through 06/XX/2026 and that the 05/XX/2026–05/XX/2026 statement was omitted. However, this is inconsistent with the documentation contained in the loan file. Attached is the Income Calculation Worksheet, which confirms that the income analysis was completed using the 12-month business bank statement period of 05/2025 through 04/2026, not 07/2025 through 06/2026 as referenced in the counter.

Accordingly, the required 12 consecutive months of business bank statements were provided, and the most recent statement complies with the 60-day recency requirement. Therefore, a separate 05/XX/2026–05/XX/2026 business bank statement is not required under the applicable guideline.

Finding should be removed. - Seller-08/XX/2026

Ready for Review-The TPR finding is not applicable. Per Section 6.1.1 Business Bank Statements, the most recent business bank statement must be dated within 60 days of the application date.

The application date is XXXX. The business bank statements provided cover 05/XX/2025 through 04/XX/2026, representing 12 consecutive months of business bank statement history. The most recent statement ending 04/XX/2026 is dated within 60 days of the application date.

The guideline does not require the statement period to extend through the month immediately preceding closing; it only requires the most recent statement to be within 60 days of application. Therefore, the additional 05/XX/2026–05/XX/2026 statement is not required. - Seller-08/XX/2026

Resolved-Twelve months of bank statements were provided dated 5/1/2025 through 4/30/2026. - Due Diligence Vendor-08/06/2026

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 767
Guideline Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.2
Guideline LTV is less than guideline maximum - Required is 85 Borrower has 75

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10601915

253

XXXX

Closed

FCOM1301

2026-07-31 10:36

2026-07-31 11:13

Waived

2 - Non-Material

Compliance

Missing Doc

Home Loan Toolkit is Missing

Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material findings - Due Diligence Vendor-07/XX/2026

Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material findings - Due Diligence Vendor-07/31/2026

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

10561170

244

XXXX

Closed

FCRE1728

2026-07-31 14:10

2026-08-05 14:12

Resolved

1 - Information

Credit

Missing Doc

Missing rent comparable schedule form 1007

Resolved-Received 1007 - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached Form 1007 Comparable Rent Schedule - Seller-08/XX/2026
Open-Missing 1007. Additional conditions may apply. - Due Diligence Vendor-07/XX/2026

Ready for Review-Document Uploaded. See attached Form 1007 Comparable Rent Schedule - Seller-08/XX/2026

Resolved-Received 1007 - Due Diligence Vendor-08/05/2026

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 675

Long term residence - Borrower rents for 29 years.

Guideline LTV is less than guideline maximum - Required is 70 Borrower has 64.97

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10567057

290

XXXX

Closed

FCRE1510

2026-08-03 09:24

2026-08-05 14:28

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received Mortgage w/Legal. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached - Seller-08/XX/2026
Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Legal description missing from mortgage. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached - Seller-08/XX/2026

Resolved-Received Mortgage w/Legal. - Due Diligence Vendor-08/05/2026

Guideline Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO is 700; Borrower has 737.
Required is 700 Borrower has 737

DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum calculated DSCR allowed is .80%; Borrower calculated DSCR is 1.384%.
Required is 0.8 Borrower has 1.384

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10591419

227

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

277

XXXX

Closed

finding-47

2026-07-31 11:48

2026-08-05 13:52

Resolved

1 - Information

Compliance

Right to Rescind

TILA Right of Rescission Test

Resolved-Received PCCD 08/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 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-07/XX/2026

Ready for Review-Document Uploaded. See attached - Seller-08/XX/2026

Resolved-Received PCCD 08/XX/2026. Finding Resolved. - Due Diligence Vendor-08/05/2026

Guideline: LTV is less than guideline maximum - Required is 75 Borrower has 57.69

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 734

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.31

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10563428

277

XXXX

Closed

FCRE7347

2026-08-04 14:49

2026-08-04 14:50

Waived

2 - Non-Material

Credit

Missing Doc

Missing Lease Agreement

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-08/XX/2026
Open-Exception request to allow cash receipts to use as income in line with the leases provided. Exception approval in loan file. - Due Diligence Vendor-08/XX/2026

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-08/04/2026

37% DTI
57% LTV
0x30x24
25 years in the lines of works

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

Yes

10623413

245

XXXX

Closed

FCRE0196

2026-08-03 12:59

2026-09-09 17:17

Resolved

1 - Information

Credit

Eligibility

Payoff(s) on the CD/HUD are not reported on Title Report

Resolved-Received Final Seller CD with correct payoff and evidence of release from XXXX. - Due Diligence Vendor-09/XX/2026
Ready for Review-Document Uploaded. Please see the attached revised settlement statements reflecting the payoff of only one (1) lien.

Also attached is documentation confirming that the first lien with XXXX was paid off prior to closing. Therefore, this lien is not reflected on the final settlement statement. - Seller-09/XX/2026
Open-Payoff(s) on the CD/HUD are not reported on Title Report. Final CD/Seller CD does not indicate a payoff that coincides with the Title. Title report reflects 2 Mortgages on the Mortgage Schedule (Mortgage 1 for $XXXX with the Mortgagee XXXX Inc. dated XXXX and Mortgage 2 for $XXXX with the Mortgagee XXXX dated XXXX2. The seller's CD reflects a payoff to XXXX for $XXXX with the seller providing $XXXX of own funds combined with $XXXX from the subject loan. Please provide explanantion for discrepancy between title and the seller's CD. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see the attached revised settlement statements reflecting the payoff of only one (1) lien.

Also attached is documentation confirming that the first lien with XXXX was paid off prior to closing. Therefore, this lien is not reflected on the final settlement statement. - Seller-09/XX/2026

Resolved-Received Final Seller CD with correct payoff and evidence of release from XXXX. - Due Diligence Vendor-09/09/2026

Months Reserves exceed minimum required - Minm 12, Borrower has 19.51

Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 728

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10598149

247

XXXX

Closed

FCRE7497

2026-08-07 12:58

2026-08-19 13:43

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-PITIA verified for both 3b and 3f. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. (1) -REO 3b – XXXX. – Borrower’s Primary Residence
Per the XXXX statement, the monthly impound amount is $1,659.36, with monthly property taxes of $1,371.29. The remaining $288.07 is allocated toward the homeowner’s insurance (HOI).
The additional amount of $6,785.63 reported was due to a clerical error. The attached property profile confirms that XXXX. has only two open liens, both of which have been included in the borrower’s DTI calculations. Therefore, the additional $6,785.63 has been removed from the borrower’s primary housing expense.
(2) - REO 3f – XXXX.
We are providing a copy of the note and escrow account affidavit to support the monthly liability of $16,592.63. This liability has been included in the borrower’s DTI calculations.

With the above updates to the loan file, the final ratios are 9.993% / 38.894% see the provided updated 1008 and 1003.
- Seller-08/XX/2026
Open-1. REO 3b - Missing documentation of hazard insurance. Audit preliminarily included the lender's amount per the loan application in the DTI calculation.
2. REO 3b - Lender to explain and/or provide documentation for the additional $6,785.63 in the borrower's primary residence housing payment on 1008 that was included in the DTI ratio.
3. REO 3f. - Missing documentation for full PITI(A) - and any applicable rental income. MERS section of the Fraud Report reflects a new loan opened on XXXX with XXXX for $XXXX. Audit was unable to locate any housing payment/rental income for this property, and as a result, the DTI may require recalculation based on documentation provided.
4. Additional conditions may apply, pending review. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. (1) -REO 3b – XXXX. – Borrower’s Primary Residence
Per the XXXX statement, the monthly impound amount is $1,659.36, with monthly property taxes of $1,371.29. The remaining $288.07 is allocated toward the homeowner’s insurance (HOI).
The additional amount of $6,785.63 reported was due to a clerical error. The attached property profile confirms that XXXX. has only two open liens, both of which have been included in the borrower’s DTI calculations. Therefore, the additional $6,785.63 has been removed from the borrower’s primary housing expense.
(2) - REO 3f – XXXX.
We are providing a copy of the note and escrow account affidavit to support the monthly liability of $16,592.63. This liability has been included in the borrower’s DTI calculations.

With the above updates to the loan file, the final ratios are 9.993% / 38.894% see the provided updated 1008 and 1003.
- Seller-08/XX/2026

Resolved-PITIA verified for both 3b and 3f. - Due Diligence Vendor-08/19/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 776
Residual Income =/> 1.5 times $3,500 monthly residual income - Borower has $86,301.32 residual income

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10689894

247

XXXX

Closed

FCRE7009

2026-08-04 22:23

2026-08-13 12:55

Resolved

1 - Information

Credit

Insurance

Hazard insurance dwelling coverage is not sufficient

Resolved-After further review- HOI policy reflects 100% replacement cost coverage. - Due Diligence Vendor-08/XX/2026
Ready for Review-Please escalate to management for clearance this is given that the insurance policy indicates it covers 100% replacement cost. - Seller-08/XX/2026
Counter-Dwelling replacement cost per the appraisal is $XXXX. Finding remains. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Per guideline, coverage is required to equal the lesser of the replacement cost estimate provided by the insurer or a third-party source, the estimated replacement cost from a recent appraisal, or the unpaid principal balance of the mortgage(s).

The policy has building replacement cost of $XXXX, the required building coverage is $XXXX. Therefore, the current coverage of $XXXX is sufficient, as it represents 100% of the applicable replacement cost and is less than the $XXXX mortgage balance. - Seller-08/XX/2026
Open-Insufficient Coverage Amount for Insured Subject Property. Dwelling coverage of $XXXX is below the loan amount of $XXXX. Please provide an official Replacement Cost Estimator (RCE) showing $XXXX equals 100% insurable replacement cost, OR increase coverage limit to equal the loan amount. Additional conditions may apply, pending review. - Due Diligence Vendor-08/XX/2026

Ready for Review-Please escalate to management for clearance this is given that the insurance policy indicates it covers 100% replacement cost. - Seller-08/XX/2026

Ready for Review-Document Uploaded. Per guideline, coverage is required to equal the lesser of the replacement cost estimate provided by the insurer or a third-party source, the estimated replacement cost from a recent appraisal, or the unpaid principal balance of the mortgage(s).

The policy has building replacement cost of $XXXX, the required building coverage is $XXXX. Therefore, the current coverage of $XXXX is sufficient, as it represents 100% of the applicable replacement cost and is less than the $XXXX mortgage balance. - Seller-08/XX/2026

Resolved-After further review- HOI policy reflects 100% replacement cost coverage. - Due Diligence Vendor-08/13/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 776

Residual Income =/> 1.5 times $3,500 monthly residual income - Borower has $86,301.32 residual income

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10629375

264

XXXX

Closed

FCRE1194

2026-08-04 16:42

2026-08-13 14:33

Resolved

1 - Information

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Resolved-Business entity search provided showing the agent on the LLC. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see the attached Secretary of State printout identifying XXXX as the agent of XXXX LLC.

The loan file also contains a copy of the lease agreement and bank statements showing deposits into the XXXX LLC account.

Based on the documentation provided, the loan file contains sufficient information to resolve the cited issue. - Seller-08/XX/2026
Counter-Received lease agreement and proof of rent and deposits. Lease is signed by XXXX who is not listed as a partial owner of XXXX who is listed as LL. Provide documentation how XXXX is connected to the transaction - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The appraisal indicated that the property was vacant at the time of the inspection.

Given that guidelines allow the use of a lease when the property is vacant. The loan file contains a fully executed lease agreement reflecting monthly rent of $2,000, along with evidence that the first month's rent, security deposit, and prorated rent were received.

Based on this documentation, the loan file did not require the 5% LTV reduction.

- Seller-08/XX/2026
Open-Audited LTV of 80% exceeds Guideline LTV of 75%. Per XXXX Matrix- Unleased (5% CLTV Reduction for C/O Refinance). - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see the attached Secretary of State printout identifying XXXX as the agent of XXXX LLC.

The loan file also contains a copy of the lease agreement and bank statements showing deposits into the XXXX LLC account.

Based on the documentation provided, the loan file contains sufficient information to resolve the cited issue. - Seller-08/XX/2026

Ready for Review-Document Uploaded. The appraisal indicated that the property was vacant at the time of the inspection.

Given that guidelines allow the use of a lease when the property is vacant. The loan file contains a fully executed lease agreement reflecting monthly rent of $2,000, along with evidence that the first month's rent, security deposit, and prorated rent were received.

Based on this documentation, the loan file did not require the 5% LTV reduction.

- Seller-08/XX/2026

Resolved-Business entity search provided showing the agent on the LLC. - Due Diligence Vendor-08/13/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 780

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 1.14 Required is 0 Borrower has 1.14

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10625663

280

XXXX

Closed

FCRE1506

2026-08-04 16:42

2026-08-21 11:56

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-The finding has been waived. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached exception - Seller-08/XX/2026

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Short reserves - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached exception - Seller-08/XX/2026

Resolved-The finding has been waived. - Due Diligence Vendor-08/21/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.3

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 799

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10625665

280

XXXX

Closed

FCRE1198

2026-08-04 12:22

2026-08-21 11:54

Waived

2 - Non-Material

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Waived-Originator exception granted to allow the Spouses retirement account to be used as reserves, spouse is on the title. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached exception allowing the use of a spousal account for reserves - Seller-08/XX/2026

Open-Audited Reserves of 4.27 month(s) are less than Guideline Required Reserves of 9 month(s) Statement ending in XXXX is not in the borrowers name - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached exception allowing the use of a spousal account for reserves - Seller-08/XX/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.3

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 799

Qualifying FICO is 20 points > than Minimum Required
DTI is 5% < Max allowed
24+ month credit history exceeds minimum required
5+ years in current employment

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

10619782

280

XXXX

Closed

finding-3634

2026-08-01 00:19

2026-08-06 10:35

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Received doc tracking. Finding Resolved. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. A cure was done for $1250

Appraisal fee and the reinspection fee - 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 $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 $155.00 (Appraisal Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $155.00, 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 - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. A cure was done for $1250

Appraisal fee and the reinspection fee - Seller-08/XX/2026

Resolved-Received doc tracking. Finding Resolved. - Due Diligence Vendor-08/06/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.3

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 799

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10576755

280

XXXX

Closed

finding-3540

2026-08-01 00:19

2026-08-06 10:35

Resolved

1 - Information

Compliance

TRID

Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test

Resolved-Received doc tracking. Finding Resolved. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached - Seller-08/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"XXXX 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 7/XX/2026 and 7/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-08/XX/2026

Ready for Review-Document Uploaded. See attached - Seller-08/XX/2026

Resolved-Received doc tracking. Finding Resolved. - Due Diligence Vendor-08/06/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.3

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 799

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10576754

280

XXXX

Closed

finding-3635

2026-08-01 00:19

2026-08-06 10:35

Resolved

1 - Information

Compliance

TRID

Charges That In Total Cannot Increase More Than 10% Test

Resolved-Received doc tracking. Finding Resolved. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The loan tie in fee, the doc prep fee and the e-filing fee was paid by the seller - no cure is needed
$150 of the recording fee was paid by the seller - $475 was disclosed on the LE- no cure is needed

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% ($4,489.00) exceed the comparable charges ($2,864.00) 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 (Loan Tie in fee, title doc prep fee, recording fee, e filing fee) increased by $1338.60 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 $88.60 post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Final CD included a Lender credit of $1,250 for increase in closing cost above legal limit.
Remediation options (1) within 60 days of consummation expires 09/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-08/XX/2026

Ready for Review-Document Uploaded. The loan tie in fee, the doc prep fee and the e-filing fee was paid by the seller - no cure is needed
$150 of the recording fee was paid by the seller - $475 was disclosed on the LE- no cure is needed

See attached - Seller-08/XX/2026

Resolved-Received doc tracking. Finding Resolved. - Due Diligence Vendor-08/06/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.3

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 799

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10576757

249

XXXX

Closed

FCRE9163

2026-08-04 19:31

2026-08-06 15:27

Resolved

1 - Information

Credit

Missing Doc

Missing Updated Credit Report Supplement

Resolved-Received UDM which reflects the higher payments and balances, updated LM - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The XXXX accts higher payment/balances reflected on Final 1003 was based on the UDM from DV. Please see attached, this was delivered with loan file. - Seller-08/XX/2026

Open-Missing updated credit report supplement reflecting XXXX accts higher payment/balances reflected on Final 1003. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The XXXX accts higher payment/balances reflected on Final 1003 was based on the UDM from DV. Please see attached, this was delivered with loan file. - Seller-08/XX/2026

Resolved-Received UDM which reflects the higher payments and balances, updated LM - Due Diligence Vendor-08/06/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 31.77

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 681

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

10627546

249

XXXX

Closed

FCOM1353

2026-08-03 14:53

Waived

2 - Non-Material

Compliance

Disclosure

Incorrect ROR Form Type selected

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

10601142

258

XXXX

Closed

FCRE1198

2026-08-04 10:10

2026-08-05 15:32

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-Guideline Waiver for R/T refi applied. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. XXXX Guideline 8.7 states that the reserve requirement is waived for Rate-and-Term Refinance transactions that result in a payment reduction of at least 10%, superseding the reserve requirements outlined in the eligibility matrix. This exception does not apply when the debt-to-income (DTI) ratio exceeds 50%.

The principal and interest (P&I) payment on the existing XXXX mortgage was $6,797.89, while the subject mortgage P&I is $5,827.67. Since the new P&I payment reflects a reduction of more than 10%, the transaction qualifies for the reserve waiver, and cash reserves are not required. - Seller-08/XX/2026

Open-Audited Reserves of 0.6 month(s) are less than Guideline Required Reserves of 6 month(s) Verified assets do not cover minimum required reserves. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. XXXX Guideline 8.7 states that the reserve requirement is waived for Rate-and-Term Refinance transactions that result in a payment reduction of at least 10%, superseding the reserve requirements outlined in the eligibility matrix. This exception does not apply when the debt-to-income (DTI) ratio exceeds 50%.

The principal and interest (P&I) payment on the existing XXXX mortgage was $6,797.89, while the subject mortgage P&I is $5,827.67. Since the new P&I payment reflects a reduction of more than 10%, the transaction qualifies for the reserve waiver, and cash reserves are not required. - Seller-08/XX/2026

Resolved-Guideline Waiver for R/T refi applied. - Due Diligence Vendor-08/05/2026

Guideline: LTV is less than guideline maximum - LTV of 68.11% is below the maximum of 80% allowed per guidelines Required is 80 Borrower has 68.11
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 760 which exceeds the minimum of 700 Required is 700 Borrower has 760
Guideline: Qualifying DTI below maximum allowed - DTI of 32.81% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 32.81

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

10615962

258

XXXX

Closed

finding-47

2026-08-03 10:47

2026-08-05 15:24

Resolved

1 - Information

Compliance

Right to Rescind

TILA Right of Rescission Test

Resolved-Received PCCD 08/XX/2026. Finding Resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached - thanks! - Seller-08/XX/2026
Counter-Final CD is showing loan disbursed on 07/XX/2026. Please provide a PCCD showing it disbursed after the ROR expired. - Due Diligence Vendor-08/XX/2026
Ready for Review-This is a refinance of a primary residence that loan closed (signed) on Thursday, July XX, 2026:

The three business days are:

Friday, July XX – Day 1
Saturday, July XX – Day 2 (Saturday counts for rescission)
Monday, July XX – Day 3 (Sunday does not count)

The rescission period expires at midnight on Monday, July XX, 2026.

The loan could then be funded/disbursed on Tuesday, July XX, 2026

Which is what happened - Seller-08/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-08/XX/2026

Ready for Review-Document Uploaded. See attached - thanks! - Seller-08/XX/2026
Ready for Review-This is a refinance of a primary residence that loan closed (signed) on Thursday, July XX, 2026:

The three business days are:

Friday, July XX – Day 1
Saturday, July XX – Day 2 (Saturday counts for rescission)
Monday, July XX – Day 3 (Sunday does not count)

The rescission period expires at midnight on Monday, July XX, 2026.

The loan could then be funded/disbursed on Tuesday, July XX, 2026

Which is what happened - Seller-08/XX/2026

Resolved-Received PCCD 08/XX/2026. Finding Resolved. - Due Diligence Vendor-08/05/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

10593412

278

XXXX

Closed

FCRE1440

2026-08-04 15:15

2026-08-06 14:56

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received Rent free letter and property report to show ownership - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Attached is the rent free letter. - Seller-08/XX/2026

Open-Housing History Does Not Meet Guideline Requirements Missing rent Free Letter. Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Attached is the rent free letter. - Seller-08/XX/2026

Resolved-Received Rent free letter and property report to show ownership - Due Diligence Vendor-08/06/2026

Guideline: Qualifying DTI below maximum allowed - Max LTV is 50 Borrower has 32.57 Required is 50 Borrower has 32.57

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Max FICO is 700 Borrower has 759 Required is 700 Borrower has 759

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10623839

205

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

265

XXXX

Closed

FCRE0970

2026-08-05 10:23

2026-08-21 08:40

Resolved

1 - Information

Credit

Eligibility

Appraisal has issues (credit)

Resolved-The complete Single Family Comparable Rent Schedule — FNMA/FHLMC Forms 1007/1000 was provided for purposes of market rent. - Due Diligence Vendor-08/XX/2026

Ready for Review-The loan file contains a full appraisal completed by XXXX on 05/XX/2026; however, the appraiser did not complete a Form 1007 Rent Schedule.

A Form 1007 Rent Schedule was subsequently completed by XXXX on 07/XX/2026. However, she did not evaluate the entire property or complete a full appraisal report. - Seller-08/XX/2026

Counter-Received rebuttal. Lender states report pages provided is what appraiser was tasked/engaged to do. Condition remains. GL 9.1 states A full appraisal includes a complete inspection of the home (interior and exterior). The required appraisal form depends on property type. Please engage appraiser to perform a complete inspection of the home interior & exterior and provide full appraisal report or obtain approved exception waiver and provide for review. - Due Diligence Vendor-08/XX/2026

Ready for Review-Could you please escalate the cited issue? We have reached out to our appraisal department, and they confirmed that the exterior appraisal includes all of the pages contained in the report.

This is because the appraiser was only engaged to perform a 1007 rent comparable review. As a result, the report would not contain all of the information or pages that would typically be included in a standard appraisal. - Seller-08/XX/2026

Counter-Document provided starts w/ Market Condition, please provide the entire exterior appraisal report that goes w/ the page 1 already received - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. see the attached report used for the market rents. - Seller-08/XX/2026

Open-The file contians a full appraisal and one page of an Exterior Only Appraisal. Provide the complete Exterior Only appraisal. Additional findings may apply. - Due Diligence Vendor-08/XX/2026

Ready for Review-The loan file contains a full appraisal completed by XXXX on 05/XX/2026; however, the appraiser did not complete a Form 1007 Rent Schedule.

A Form 1007 Rent Schedule was subsequently completed by XXXX on 07/XX/2026. However, she did not evaluate the entire property or complete a full appraisal report. - Seller-08/XX/2026

Ready for Review-Could you please escalate the cited issue? We have reached out to our appraisal department, and they confirmed that the exterior appraisal includes all of the pages contained in the report.

This is because the appraiser was only engaged to perform a 1007 rent comparable review. As a result, the report would not contain all of the information or pages that would typically be included in a standard appraisal. - Seller-08/XX/2026

Ready for Review-Document Uploaded. see the attached report used for the market rents. - Seller-08/XX/2026

Resolved-The complete Single Family Comparable Rent Schedule — FNMA/FHLMC Forms 1007/1000 was provided for purposes of market rent. - Due Diligence Vendor-08/21/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 781

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.87

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10640274

265

XXXX

Closed

FCRE1248

2026-08-05 10:20

2026-08-10 14:47

Resolved

1 - Information

Credit

Eligibility

Non-Arm's Length Transactions Not Allowed for Program

Resolved-Received LOX from borrower explaining how he knew about the sale of this home and payoff which shows current - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See the attached LOX for the relationship between the buyer and the seller. Plus, in addition provided the payoff demand to support the seller was on timely payments. - Seller-08/XX/2026

Open-Non-Arm's Length Transactions Not Allowed for Program The appraisal states "THE SALE APPEARS TO BE AN NON ARM'S LENGTH TRANSACTION". Requirements for non-arm's length transactions: • Proof of non-default on any existing 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. • A Letter of Explanation describing the relationship between the parties is required. The file does not contains a VOM and LOE. Additional findings may apply. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See the attached LOX for the relationship between the buyer and the seller. Plus, in addition provided the payoff demand to support the seller was on timely payments. - Seller-08/XX/2026

Resolved-Received LOX from borrower explaining how he knew about the sale of this home and payoff which shows current - Due Diligence Vendor-08/10/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10640219

257

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

203

XXXX

Closed

FCRE0700

2026-08-05 16:58

2026-08-07 16:07

Resolved

1 - Information

Credit

Missing Doc

Closing Detail Statement Document is Missing

Resolved-Received signed closing disclosure and PCCD - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The initial Final Closing Disclosure was executed at closing. Following consummation, escrow issued Post-Closing Closing Disclosures (PCCDs) dated 7/XX/26 and 8/XX/26 solely to reflect post-closing fee adjustments. As corrected post-closing disclosures, these documents are not required to be re-executed by the borrower. The file contains the executed Final Closing Disclosure from closing along with the subsequent PCCDs documenting the revised settlement figures. Accordingly, the absence of borrower signatures on the PCCDs should not be considered a documentation deficiency. - Seller-08/XX/2026

Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Missing copy of the Settlement Statement executed and Stamped. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The initial Final Closing Disclosure was executed at closing. Following consummation, escrow issued Post-Closing Closing Disclosures (PCCDs) dated 7/XX/26 and 8/XX/26 solely to reflect post-closing fee adjustments. As corrected post-closing disclosures, these documents are not required to be re-executed by the borrower. The file contains the executed Final Closing Disclosure from closing along with the subsequent PCCDs documenting the revised settlement figures. Accordingly, the absence of borrower signatures on the PCCDs should not be considered a documentation deficiency. - Seller-08/XX/2026

Resolved-Received signed closing disclosure and PCCD - Due Diligence Vendor-08/07/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.317. Required is 0.75 Borrower has 1.317

Guideline: Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 700 Borrower has 757. Required is 700 Borrower has 757

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10649540

224

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

238

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

259

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

281

XXXX

Closed

finding-3634

2026-08-04 11:19

2026-08-11 10:57

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Received COC for increase in fee. Finding resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The loan amount changed from $XX to $XX - that caused the XX to increase from $5060 to $5170 - 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 $110.00.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 $110.00(mortgage broker fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $110.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires09/XX/2026 (2) within 60 days of discovery expires 10/XX/2026remains 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-08/XX/2026

Ready for Review-Document Uploaded. The loan amount changed from $XX to $XX - that caused the XX to increase from $5060 to $5170 - Seller-08/XX/2026

Resolved-Received COC for increase in fee. Finding resolved. - Due Diligence Vendor-08/11/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 663 which exceeds the minimum of 620 Required is 620 Borrower has 663

Guideline: Qualifying DTI below maximum allowed - DTI of 35.72% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 35.72

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10618375

281

XXXX

Closed

finding-3352

2026-08-04 11:19

2026-08-11 10:54

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-08/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-08/XX/2026

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-08/06/2026

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10618378

228

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

287

XXXX

Closed

finding-3652

2026-08-04 13:55

2026-09-04 10:20

Resolved

1 - Information

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-Received COC's for decrease in fees. Finding Resolved. - Due Diligence Vendor-09/XX/2026

Ready for Review-Document Uploaded. The lender credit went from $1160 to a discount of $510 due to the change in rate
The discount went from $510 to a lender credit of $580 due to a program change - attached
The lender credit went from $580 to $464 due to a float to lock- attached - Seller-09/XX/2026

Open------Lender credit decreased from $1,160.00 to $464.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $696.00, 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 10/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-08/XX/2026

Ready for Review-Document Uploaded. The lender credit went from $1160 to a discount of $510 due to the change in rate
The discount went from $510 to a lender credit of $580 due to a program change - attached
The lender credit went from $580 to $464 due to a float to lock- attached - Seller-09/XX/2026

Resolved-Received COC's for decrease in fees. Finding Resolved. - Due Diligence Vendor-09/04/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 803 Required is 660 Borrower has 803

Months Reserves exceed minimum required - 51 mths reserves; 6 mths required.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

10622373

251

XXXX

Closed

FCRE1194

2026-08-07 09:34

2026-09-04 13:42

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Originator exception granted to allow LTV up to 82%. Non-material waiver applied to finding with compensating factors.
- Due Diligence Vendor-09/XX/2026
Ready for Review-Document Uploaded. Please see attached exception allowing the loan to be approved with an LTV up to 82% - Seller-08/XX/2026
Open-Audited LTV of 81.38% exceeds Guideline LTV of 75% Per appraisal, property value is $XX. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached exception allowing the loan to be approved with an LTV up to 82% - Seller-08/XX/2026

Waived-Originator exception granted to allow LTV up to 82%. Non-material waiver applied to finding with compensating factors.
- Due Diligence Vendor-09/04/2026

DSCR % greater than 1.20 - DSCR % GREATER THAN 1.20 (DSCR is 1.229)

Months Reserves exceed minimum required - 30 months reserves; 6 months reserves required.

DSCR > 1.2
3+ months reserves > than min required

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

10685261

251

XXXX

Closed

FCRE1440

2026-08-07 09:19

2026-08-27 15:08

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received VOM for Subject Property - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See the attached VOM for the subject property - Seller-08/XX/2026

Open-Housing History Does Not Meet Guideline Requirements Provide payment history for subject property or VOM. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See the attached VOM for the subject property - Seller-08/XX/2026

Resolved-Received VOM for Subject Property - Due Diligence Vendor-08/27/2026

DSCR % greater than 1.20 - DSCR % GREATER THAN 1.20 (DSCR is 1.229)

Months Reserves exceed minimum required - 30 months reserves; 6 months reserves required.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10685051

251

XXXX

Closed

FCRE1182

2026-08-07 13:13

2026-08-17 12:05

Resolved

1 - Information

Credit

Missing Doc

Approval/Underwriting Summary Not Provided

Resolved-Lender provided PC 1008 showing appraised value of $200,000 - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached 1008 - Seller-08/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-08/XX/2026

Ready for Review-Document Uploaded. Please see attached 1008 - Seller-08/XX/2026

Resolved-Lender provided PC 1008 showing appraised value of $XXXX - Due Diligence Vendor-08/17/2026

DSCR % greater than 1.20 - DSCR % GREATER THAN 1.20 (DSCR is 1.229)

Months Reserves exceed minimum required - 30 months reserves; 6 months reserves required.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10690247

251

XXXX

Closed

FCRE1197

2026-08-07 09:34

2026-08-17 11:59

Resolved

1 - Information

Credit

Eligibility

Audited FICO is less than Guideline FICO

Resolved-Audited FICO of 705 is greater than or equal to Guideline FICO of 700. Program updated to XXXX XXXX DSCR. - Due Diligence Vendor-08/XX/2026

Open-Audited FICO of 705 is less than Guideline FICO of 720 Per Cup XXXX DSCR matrix, minimum FICO for Cash-out with 80% LTV is 720. - Due Diligence Vendor-08/XX/2026

Resolved-Audited FICO of 705 is greater than or equal to Guideline FICO of 700. Program updated to XXXX XXXX DSCR. - Due Diligence Vendor-08/17/2026

DSCR % greater than 1.20 - DSCR % GREATER THAN 1.20 (DSCR is 1.229)

Months Reserves exceed minimum required - 30 months reserves; 6 months reserves required.

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10685264

284

XXXX

Closed

FCRE1506

2026-08-07 08:19

2026-08-12 15:24

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Credit Findings have been resolved. - Due Diligence Vendor-08/XX/2026

Ready for Review-All cited issues have been responded to. - Seller-08/XX/2026

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Upon receipt of all conditions ATR/QM should be able to be determined. Additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-All cited issues have been responded to. - Seller-08/XX/2026

Resolved-Credit Findings have been resolved. - Due Diligence Vendor-08/12/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.91

Long term residence - Borrower has resided at primary home for over 9+ years.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10682824

284

XXXX

Closed

FCRE1440

2026-08-07 08:08

2026-08-12 15:21

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Upon further review, payment is for 1831 W, commercial property paid by business. Lender included the taxes and insurance in the DTI. - Due Diligence Vendor-08/XX/2026

Ready for Review-The property attached to this lien is XXXX - commercial property . - Seller-08/XX/2026

Ready for Review-Document Uploaded. The $4,033.67 monthly liability appearing on the borrower’s business bank statement for XXXX is a business liability and not a personal liability. See the attached stmt and the liability dated 01/XX/26.
Therefore, the liability does not require to be addressed.
- Seller-08/XX/2026

Open-Housing History Does Not Meet Guideline Requirements Confirm what property the mortgage payment for XXXX $4033.67/month is held against. Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-The property attached to this lien is XXXX - commercial property . - Seller-08/XX/2026

Ready for Review-Document Uploaded. The $4,033.67 monthly liability appearing on the borrower’s business bank statement for XXXX is a business liability and not a personal liability. See the attached stmt and the liability dated 01/XX/26.
Therefore, the liability does not require to be addressed.
- Seller-08/XX/2026

Resolved-Upon further review, payment is for XXXX, commercial property paid by business. Lender included the taxes and insurance in the DTI. - Due Diligence Vendor-08/12/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.91

Long term residence - Borrower has resided at primary home for over 9+ years.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10682557

284

XXXX

Closed

FCRE1294

2026-08-07 07:40

2026-08-12 15:20

Resolved

1 - Information

Credit

Income/Employment

Income 3 Months Income Verified is Missing

Resolved-Received HOA verification. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. see the attached google search confirming the HOA dues of $222 - Seller-08/XX/2026

Open-Income 3 Months Income Verified is Missing Missing for Property 2 (3b) proof of the monthly HOA. Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. see the attached google search confirming the HOA dues of $222 - Seller-08/XX/2026

Resolved-Received HOA verification. - Due Diligence Vendor-08/12/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.91

Long term residence - Borrower has resided at primary home for over 9+ years.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10682073

284

XXXX

Closed

FCRE1296

2026-08-07 07:40

2026-08-12 15:20

Resolved

1 - Information

Credit

Income/Employment

Income 5 Months Income Verified is Missing

Resolved-Received confirmation, commercial loan paid by business. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The property profile in the loan file reflects a lien was open on XXXX with a loan amount of $XXXX. Attached is a credit supplement for XXXX confirming the mortgage was paid as agreed since 08/22 through 07/26. - Seller-08/XX/2026
Open-Income 5 Months Income Verified is Missing Missing for Property 4 (3d) proof of the monthly mortgage payment(s) as the Property Detail report shows mortgages opened in 2025 or proof they are satisfied and no open mortgages against that property. Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The property profile in the loan file reflects a lien was open on XXXX with a loan amount of $XXXX. Attached is a credit supplement for XXXX confirming the mortgage was paid as agreed since 08/22 through 07/26. - Seller-08/XX/2026

Resolved-Received confirmation, commercial loan paid by business. - Due Diligence Vendor-08/12/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.91

Long term residence - Borrower has resided at primary home for over 9+ years.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10682074

284

XXXX

Closed

FCOM1233

2026-08-07 07:06

2026-08-12 13:26

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-CPA letter shows two years of employment, finding resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The CPA letter indicates the borrower incorporated on 01/XX/25. However, the letter states the borrower has been in the same line of business for the past 2 years - Seller-08/XX/2026
Open-The Final 1003 is Incomplete Missing a complete 2+ year employment history on the final 1003/ application and verified. Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The CPA letter indicates the borrower incorporated on 01/XX/25. However, the letter states the borrower has been in the same line of business for the past 2 years - Seller-08/XX/2026

Resolved-CPA letter shows two years of employment, finding resolved. - Due Diligence Vendor-08/12/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.91

Long term residence - Borrower has resided at primary home for over 9+ years.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10681378

284

XXXX

Closed

finding-3352

2026-08-04 15:52

2026-08-07 14:38

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-08/07/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.91

Long term residence - Borrower has resided at primary home for over 9+ years.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10624640

286

XXXX

Closed

FCOM9609

2026-08-07 14:38

2026-08-25 13:50

Resolved

1 - Information

Credit

Missing Doc

Property 10: HO-6 Insurance Policy is Missing

Resolved-Received CEMA Note for REO 3j or #10 reflecting Bz is borrower and PI $4864.49. 1003 reflects $1021.97 Taxes and insurance. Statement provided in file for XXXX reflects PITI $5886.46 = PI $4864.49 + TI $1021.97. Property report in file reflects B1 and NBS in title. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Attached is the Note for XXXX that shows XXXX, Inc XXXX, A Corporation is the one responsible paying for the mortgage lien on this property. No issues found. - Seller-08/XX/2026
Counter-Received Mtg statement for 3j XXXX reflecting PITIA of $5,886.46. This differs from 1003, reflecting no mortgage. Qualifying with $5,8863.46 will drive dti above guidelines. Provide corrected 1003/1008 correcting PITIA and address DTI. Additional conditions may apply. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. The finding is respectfully disputed.

Property 3j – XXXX., XXXX, NY XXXX is an existing REO property and is not the subject investment property securing this transaction.

The loan file contains a XXXX statement dated 06/XX/2026, which confirms that taxes and insurance are impounded/escrowed for this property. Therefore, the applicable taxes and insurance obligations are being handled through the existing mortgage escrow account.

A separate hazard insurance policy for XXXX. is not required for this transaction because the property is not the subject property. The hazard insurance requirement applicable to the loan pertains to the property securing the subject loan.

Accordingly, the XXXX statement provides evidence of the existing escrow arrangement for Property 3j, and a separate hazard insurance policy for this non-subject REO property is not required under the applicable guideline.

We respectfully request that this finding be removed. - Seller-08/XX/2026
Ready for Review-Pls disregard the comments it was meant for another finding - Seller-08/XX/2026
Ready for Review-We respectfully request review of the outstanding TPR condition regarding the request for mortgage documentation for XXXX. This is a closed and funded loan, and we believe the condition is not supported by the documentation in the file.

The borrower, XXXX, disclosed XXXX. on the loan application. The ownership and transaction history have been reviewed and confirm the following:

01/XX/2021: XXXX LLC acquired the property.
05/XX/2026: XXXX acquired the property from XXXX LLC.
06/XX/2026: The transaction was recorded.
06/XX/2026: Application Date.

The critical point is that the credit report does not identify any mortgage lender or mortgage tradeline associated with XXXX. There is therefore no mortgage liability reported on the borrower's credit report that can be matched to this property.

The Property Detail Report also does not reflect a current mortgage amount or current mortgage document associated with the 05/XX/2026 acquisition. The only mortgage reflected is a historical $XXXX mortgage from XXXX, which does not establish that the obligation remained active as of the Application Date.

Accordingly, the file establishes ownership of the property but does not establish a current mortgage liability or mortgage payment associated with XXXX. The original request for a mortgage statement was based on an inability to match the REO property to a mortgage liability; however, in this instance, there is no mortgage liability reflected on the credit report to be matched.

As this loan is already closed and funded, we respectfully request that Client Support review the actual credit and property documentation and have this condition removed. Requiring a mortgage statement for a mortgage liability that is not reported on the credit report and is not evidenced in the current property records is not supported by the documentation.

Please escalate this matter for review if necessary and confirm that the condition can be cleared based on the evidence provided. - Seller-08/XX/2026
Open-Missing the Hazard Insurance for Property 10 (3j). Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Attached is the Note for XXXX that shows XXXX, Inc XXXX, A Corporation is the one responsible paying for the mortgage lien on this property. No issues found. - Seller-08/XX/2026
Ready for Review-Document Uploaded. The finding is respectfully disputed.

Property 3j – XXXX., XXXX, NY XXXX is an existing REO property and is not the subject investment property securing this transaction.

The loan file contains a XXXX statement dated 06/XX/2026, which confirms that taxes and insurance are impounded/escrowed for this property. Therefore, the applicable taxes and insurance obligations are being handled through the existing mortgage escrow account.

A separate hazard insurance policy for XXXX. is not required for this transaction because the property is not the subject property. The hazard insurance requirement applicable to the loan pertains to the property securing the subject loan.

Accordingly, the XXXX statement provides evidence of the existing escrow arrangement for Property 3j, and a separate hazard insurance policy for this non-subject REO property is not required under the applicable guideline.

We respectfully request that this finding be removed. - Seller-08/XX/2026
Ready for Review-Pls disregard the comments it was meant for another finding - Seller-08/XX/2026
Ready for Review-We respectfully request review of the outstanding TPR condition regarding the request for mortgage documentation for XXXX. This is a closed and funded loan, and we believe the condition is not supported by the documentation in the file.

The borrower, XXXX, disclosed XXXX. on the loan application. The ownership and transaction history have been reviewed and confirm the following:

01/XX/2021: XXXX LLC acquired the property.
05/XX/2026: XXXX acquired the property from XXXX LLC.
06/XX/2026: The transaction was recorded.
06/XX/2026: Application Date.

The critical point is that the credit report does not identify any mortgage lender or mortgage tradeline associated with XXXX. There is therefore no mortgage liability reported on the borrower's credit report that can be matched to this property.

The Property Detail Report also does not reflect a current mortgage amount or current mortgage document associated with the XXXX acquisition. The only mortgage reflected is a historical $XXXX mortgage from XXXX, which does not establish that the obligation remained active as of the Application Date.

Accordingly, the file establishes ownership of the property but does not establish a current mortgage liability or mortgage payment associated with XXXX. The original request for a mortgage statement was based on an inability to match the REO property to a mortgage liability; however, in this instance, there is no mortgage liability reflected on the credit report to be matched.

As this loan is already closed and funded, we respectfully request that Client Support review the actual credit and property documentation and have this condition removed. Requiring a mortgage statement for a mortgage liability that is not reported on the credit report and is not evidenced in the current property records is not supported by the documentation.

Please escalate this matter for review if necessary and confirm that the condition can be cleared based on the evidence provided. - Seller-08/XX/2026

Months Reserves exceed minimum required - Min reserves required 9 months. Borrower has 19.3 months in reserves.

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700 Borrower has 749 Required is 700 Borrower has 749

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10691683

286

XXXX

Closed

FCRE1440

2026-08-07 14:13

2026-08-11 13:08

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received property profile confirming no new mortgage for recent acquisition. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. We respectfully request review of the outstanding TPR condition regarding the request for mortgage documentation for XXXX. This is a closed and funded loan, and we believe the condition is not supported by the documentation in the file.

The borrower, XXXX, disclosed XXXX. on the loan application. The ownership and transaction history have been reviewed and confirm the following:

01/XX/2021: XXXX LLC acquired the property.
05/XX/2026: XXXX acquired the property from XXXX LLC.
06/XX/2026: The transaction was recorded.
06/XX/2026: Application Date.

The critical point is that the credit report does not identify any mortgage lender or mortgage tradeline associated with XXXX. There is therefore no mortgage liability reported on the borrower's credit report that can be matched to this property.

The Property Detail Report also does not reflect a current mortgage amount or current mortgage document associated with the 05/XX/2026 acquisition. The only mortgage reflected is a historical $XXXX mortgage from XXXX, which does not establish that the obligation remained active as of the Application Date.

Accordingly, the file establishes ownership of the property but does not establish a current mortgage liability or mortgage payment associated with XXXX. The original request for a mortgage statement was based on an inability to match the REO property to a mortgage liability; however, in this instance, there is no mortgage liability reflected on the credit report to be matched.

As this loan is already closed and funded, we respectfully request that Client Support review the actual credit and property documentation and have this condition removed. Requiring a mortgage statement for a mortgage liability that is not reported on the credit report and is not evidenced in the current property records is not supported by the documentation.

Please escalate this matter for review if necessary and confirm that the condition can be cleared based on the evidence provided. - Seller-08/XX/2026
Open-Housing History Does Not Meet Guideline Requirements Missing proof of the the mortgage on XXXX. as it reflects recorded in the borrower's name as of 6/XX/26. Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. We respectfully request review of the outstanding TPR condition regarding the request for mortgage documentation for XXXX. This is a closed and funded loan, and we believe the condition is not supported by the documentation in the file.

The borrower, XXXX, disclosed XXXX. on the loan application. The ownership and transaction history have been reviewed and confirm the following:

01/XX/2021: XXXX LLC acquired the property.
05/XX/2026: XXXX acquired the property from XXXX LLC.
06/XX/2026: The transaction was recorded.
06/XX/2026: Application Date.

The critical point is that the credit report does not identify any mortgage lender or mortgage tradeline associated with XXXX. There is therefore no mortgage liability reported on the borrower's credit report that can be matched to this property.

The Property Detail Report also does not reflect a current mortgage amount or current mortgage document associated with the 05/XX/2026 acquisition. The only mortgage reflected is a historical $XXXX mortgage from 2000, which does not establish that the obligation remained active as of the Application Date.

Accordingly, the file establishes ownership of the property but does not establish a current mortgage liability or mortgage payment associated with XXXX. The original request for a mortgage statement was based on an inability to match the REO property to a mortgage liability; however, in this instance, there is no mortgage liability reflected on the credit report to be matched.

As this loan is already closed and funded, we respectfully request that Client Support review the actual credit and property documentation and have this condition removed. Requiring a mortgage statement for a mortgage liability that is not reported on the credit report and is not evidenced in the current property records is not supported by the documentation.

Please escalate this matter for review if necessary and confirm that the condition can be cleared based on the evidence provided. - Seller-08/XX/2026

Resolved-Received property profile confirming no new mortgage for recent acquisition. - Due Diligence Vendor-08/11/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

10691314

215

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

225

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

206

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

209

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

275

XXXX

Closed

FCRE1200

2026-08-07 09:13

2026-08-07 13:12

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-08/XX/2026
Open-Loan amount is $XXXX which is less than guidelines minimum of $100,000.00. - Due Diligence Vendor-08/XX/2026

Waived-Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-08/07/2026

Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 75

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 742

FICO more than 20 Points above program requirement, 24+ months credit history exceeding program requirement

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

10684834

289

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

210

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

271

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

288

XXXX

Closed

FCRE1506

2026-08-07 03:15

2026-08-11 13:16

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Received VOR - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached VOR - Seller-08/XX/2026
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Unable to verify ATR/QM as we are missing VOR. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached VOR - Seller-08/XX/2026

Resolved-Received VOR - Due Diligence Vendor-08/11/2026

Guideline: Qualifying DTI below maximum allowed - DTI of 34.57% is below the maximum allowed per guidelines of 50.49% Required is 50.49 Borrower has 34.57

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 732 which exceeds the minimum of 660 Required is 660 Borrower has 732

Guideline: LTV is less than guideline maximum - LTV of 75% is below the maximum of 80% allowed per guidelines Required is 80 Borrower has 75

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10678432

288

XXXX

Closed

FCRE1440

2026-08-07 03:06

2026-08-11 13:13

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received VOR - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached VOR. - Seller-08/XX/2026
Open-Housing History Does Not Meet Guideline Requirements Missing VOR for borrower's current residence. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached VOR. - Seller-08/XX/2026

Resolved-Received VOR - Due Diligence Vendor-08/11/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10678355

262

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

219

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

272

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

207

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

269

XXXX

Closed

finding-3635

2026-08-06 10:43

2026-08-17 08:31

Cured

2 - Non-Material

Compliance

TRID

Charges That In Total Cannot Increase More Than 10% Test

Cured------Received PCCD 08/XX/2026 with copy of letter, check and shipping Label. Finding is Cured. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. - 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% ($525.00) exceed the comparable charges ($475.00) 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) increased by $50.00 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $2.50, 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 09/XX/26 (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/29 emains EV3C - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. - Seller-08/XX/2026

Cured------Received PCCD 08/12/2026 with copy of letter, check and shipping Label. Finding is Cured. - Due Diligence Vendor-08/17/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 752 which exceeds the minimum of 680 Required is 680 Borrower has 752

Guideline: Qualifying DTI below maximum allowed - DTI of 36.33% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 36.33

Guideline: LTV is less than guideline maximum - LTV of 74.14% is below the maximum of 80% allowed per guidelines Required is 80 Borrower has 74.14

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10665145

274

XXXX

Closed

finding-3634

2026-08-10 11:35

2026-08-14 11:08

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Received tracking, 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 $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). ----- Valid COC in file. Borrower's acknowledgment of CD issued XXXX is required, please provide. Additional findings may apply upon receipt. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached - Seller-08/XX/2026

Resolved-Received tracking, finding resolved. - Due Diligence Vendor-08/14/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 787 which exceeds the minimum of 640 Required is 640 Borrower has 787

Guideline: LTV is less than guideline maximum - LTV of 35.83% is below the maximum of 80% allowed per guidelines Required is 80 Borrower has 35.83

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10711244

274

XXXX

Closed

finding-3540

2026-08-10 11:35

2026-08-14 11:07

Resolved

1 - Information

Compliance

TRID

Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test

Resolved-Received tracking, finding resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached - Seller-08/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"XXXX First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ----- CD XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 7/XX/2029 - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached - Seller-08/XX/2026

Resolved-Received tracking, finding resolved. - Due Diligence Vendor-08/14/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10711243

291

XXXX

Closed

FCRE0210

2026-08-12 16:11

2026-08-12 23:01

Waived

2 - Non-Material

Credit

Eligibility

NJ Prepayment Penalty Entity Loan - LLC/LP/LLP

Waived-Waiver applied to non-material finding. Loan closed in an Entity Name - Due Diligence Vendor-08/XX/2026
Open-Per NJ Department of Banking & Insurance N.J.S.A 46:10B-2 a prepayment penalty may only be applied to corporations, C-Corp, and S-Corp specifically. Under NJ Law, a prepayment penalty is not permitted to be charged to an LLC. - Due Diligence Vendor-08/XX/2026

Waived-Waiver applied to non-material finding. Loan closed in an Entity Name - Due Diligence Vendor-08/13/2026

Months Reserves exceed minimum required - 48 months reserves; 6 months reserves required.

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO is 700; Borrower has 745. Required is 700 Borrower has 745

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

10774555

293

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

307

XXXX

Closed

FCRE1510

2026-08-13 13:12

2026-08-18 14:55

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received fully executed DOT, Ex A and Riders - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026
Counter-Received DOT missing pg 1 and legal from Title. Lender to provide confirmation DOT recorded with all riders and legal. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026
Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Legal description missing from mortgage. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received fully executed DOT, Ex A and Riders - Due Diligence Vendor-08/18/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum calculated DSCR allowed is .80%; Borrower calculated DSCR is 1.015%.
Required is 0.8 Borrower has 1.015

Guideline: LTV is less than guideline maximum - Maximum LTV is 80%; Borrower LTV is 75%
Required is 80 Borrower has 75

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO is 700; Borrower has 747.
Required is 700 Borrower has 747

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10792838

307

XXXX

Closed

FCRE0082

2026-08-13 14:14

2026-08-17 15:27

Resolved

1 - Information

Credit

Title

Vested Owner Signature Requirement Not met

Resolved-Received Trust document. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026
Open-Vested Owner Signature Requirement Not met. Loan vesting is in XXXX however, trust docs are not in file. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received Trust document. - Due Diligence Vendor-08/17/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10794248

296

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

270

XXXX

Closed

FCRE1200

2026-08-14 07:51

2026-08-14 12:59

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Originator waiver applied to non-material finding with comp factors. Deemed non material as loan amount is only $XXXX lower than Minimum. - Due Diligence Vendor-08/XX/2026
Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $100000 - Due Diligence Vendor-08/XX/2026

Waived-Originator waiver applied to non-material finding with comp factors. Deemed non material as loan amount is only $XXXX lower than Minimum. - Due Diligence Vendor-08/14/2026

Months Reserves exceed minimum required - 6 months required, borrower has 95.73

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 689 Required is 660 Borrower has 689

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

10814139

308

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

304

XXXX

Closed

finding-3625

2026-08-11 10:13

2026-08-17 10:22

Resolved

1 - Information

Compliance

TRID

TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" Validation Test

Resolved-Received PCCD 08//XX/2026 correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. See attached - Seller-08/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 08/XX/2027. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached - Seller-08/XX/2026

Resolved-Received PCCD 08//13/2026 correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-08/17/2026

Guideline: Qualifying DTI below maximum allowed - DTI of 38.25% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 38.25

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 746 which exceeds the minimum of 680 Required is 680 Borrower has 746

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10738542

305

XXXX

Closed

FCRE1163

2026-08-13 12:24

2026-08-17 15:19

Resolved

1 - Information

Credit

Insurance

Flood Certification Date is greater than Note Date

Resolved-Received updated Fraud report. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Open-Flood Certification Date is greater than 08-06-2026 Flood Certification Date is dated after closing date. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received updated Fraud report. - Due Diligence Vendor-08/17/2026

Guideline: LTV is less than guideline maximum - LTV of 40.94% is below the maximum of 75% allowed per guidelines Required is 75 Borrower has 40.94

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 705 which exceeds the minimum of 680 Required is 680 Borrower has 705

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10791460

292

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

204

XXXX

Closed

FPRO1136

2026-08-16 13:51

2026-08-19 15:22

Resolved

1 - Information

Property

Appraisal

Subject property appraisal is not on an as-is basis (Primary Value)

Resolved-Received invoice and Letter to confirm no foundation issues. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Per the appraisal, only an inspection was required. The loan file included the inspection. Please see attached. - Seller-08/XX/2026

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Per the appraisal, only an inspection was required. The loan file included the inspection. Please see attached. - Seller-08/XX/2026

Resolved-Received invoice and Letter to confirm no foundation issues. - Due Diligence Vendor-08/19/2026

Guideline: LTV is less than guideline maximum - Required is 75 Borrower has 70 Required is 75 Borrower has 70

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.025 Required is 0.8 Borrower has 1.025

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 770 Required is 700 Borrower has 770

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10837378

301

XXXX

Closed

FCOM1220

2026-08-12 16:45

2026-09-09 16:46

Resolved

1 - Information

Credit

Missing Doc

The Deed of Trust is Missing

Resolved-Received recorded DOT. - Due Diligence Vendor-09/XX/2026

Ready for Review-Document Uploaded. Attached is the recorded DOT, Legal Description and Riders. - Seller-09/XX/2026

Counter-Received Deed of Bargain and Sale. Missing Mortgage for subject. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Attached you will find the DOT with Legal description - Seller-08/XX/2026

Counter-Received rebuttal. Condition remains, submission file was missing the Mortgage/Deed of trust. Please ensure the copy provided includes riders and legal description. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. Virginia does not require a separate Assignment of rents. - Seller-08/XX/2026

Open-The Deed of Trust is Missing DOT/Assignment of Rents missing in file. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Attached is the recorded DOT, Legal Description and Riders. - Seller-09/XX/2026

Ready for Review-Document Uploaded. Attached you will find the DOT with Legal description - Seller-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. Virginia does not require a separate Assignment of rents. - Seller-08/XX/2026

Resolved-Received recorded DOT. - Due Diligence Vendor-09/09/2026

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 798

Guideline: LTV is less than guideline maximum - Required is 85 Borrower has 80

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10775177

310

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

240

XXXX

Closed

finding-3540

2026-08-12 13:31

2026-08-20 09:03

Resolved

1 - Information

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-08/XX/2026

Ready for Review-Document Uploaded. Attached - Seller-08/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"XXXX 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, CD 07/XX/2026, and CD 08/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 08/XX/2029. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Attached - Seller-08/XX/2026

Resolved-Received tracking, borrower received at closing. Finding Resolved. - Due Diligence Vendor-08/20/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 26.58

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 9.74 months.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10769886

240

XXXX

Closed

finding-3634

2026-08-12 13:31

2026-08-20 09:03

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Received tracking, borrower received at closing. Finding Resolved. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The discount points change due to the lock extension - 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 $573.40.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 $573.40 (Points, Credit Report Fee) without a valid COC in file. Final CD includes a Lender credit of $83.50 for increase in closing cost above legal limit. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $489.99, 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 10/XX/2026 (2) within 60 days of discovery expires 10/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 08/XX/2029 remains EV3C - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The discount points change due to the lock extension - attached - Seller-08/XX/2026

Resolved-Received tracking, borrower received at closing. Finding Resolved. - Due Diligence Vendor-08/20/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 26.58

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 9.74 months.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10769889

240

XXXX

Closed

finding-3352

2026-08-12 13:31

2026-08-20 09:03

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance - Due Diligence Vendor-08/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-08/XX/2026

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance - Due Diligence Vendor-08/18/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 26.58

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 9.74 months.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10769891

208

XXXX

Closed

FCRE1510

2026-08-13 16:52

2026-08-20 15:21

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received DOT w/Legal. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached signed DOT with Exhibit A legal description - Seller-08/XX/2026

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Missing Ex A; Legal - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached signed DOT with Exhibit A legal description - Seller-08/XX/2026

Resolved-Received DOT w/Legal. - Due Diligence Vendor-08/20/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.38

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 766

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10800200

208

XXXX

Closed

finding-3352

2026-08-13 19:33

2026-08-18 13:10

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-08/18/2026

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10806401

232

XXXX

Closed

FCRE1198

2026-08-18 08:56

2026-08-23 15:31

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-Received title receipt for EMD - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached Escrow Letter. - Seller-08/XX/2026

Open-Audited Reserves of 6.83 month(s) are less than Guideline Required Reserves of 12 month(s). Provide sufficient assets to support total reserves required. (missing proof of the transfer of the EMD of $38,000). - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached Escrow Letter. - Seller-08/XX/2026

Resolved-Received title receipt for EMD - Due Diligence Vendor-08/23/2026

Months Reserves exceed minimum required - 18 Months Reserves exceed 12 months minimum required

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 784

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10865739

232

XXXX

Closed

FCRE1194

2026-08-18 08:56

2026-08-23 15:30

Resolved

1 - Information

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Resolved-Received confirmation borrower has owned other reo investment property - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached documents verifying borrower's investor experience. - Seller-08/XX/2026

Open-Audited LTV of 80% exceeds Guideline LTV of 75%. First Time Homebuyer Max CLTV = 75% (with 12 Months VOR). There is no documentation in file that support borrower has owned an REO property. LTV does not meet minimum requirements for a FTHB. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached documents verifying borrower's investor experience. - Seller-08/XX/2026

Resolved-Received confirmation borrower has owned other reo investment property - Due Diligence Vendor-08/23/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10865736

232

XXXX

Closed

FCRE1510

2026-08-17 11:06

2026-08-23 15:21

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached Exhibit A - Legal Description. - Seller-08/XX/2026

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing attached Exhibit A Legal Description - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached Exhibit A - Legal Description. - Seller-08/XX/2026

Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-08/23/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10848784

299

XXXX

Closed

FCRE1241

2026-08-18 06:56

2026-08-21 15:15

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Missing

Resolved-Validation Resolved - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached Purchase Contract (Sale Escrow Instructions) as this is a For Sale By Owner transaction. - Seller-08/XX/2026

Open-Loan Purpose is Purchase but Purchase Contract is Missing. Purchase contract required - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. See attached Purchase Contract (Sale Escrow Instructions) as this is a For Sale By Owner transaction. - Seller-08/XX/2026

Resolved-Validation Resolved - Due Diligence Vendor-08/21/2026

Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 22.47

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 800

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10863943

295

XXXX

Closed

FCRE1148

2026-08-18 09:45

2026-08-20 16:57

Resolved

1 - Information

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-Received Supplemental Report w/sufficient coverage. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received Supplemental Report w/sufficient coverage. - Due Diligence Vendor-08/20/2026

Guideline: Qualifying DTI below maximum allowed - DTI of 12.01% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 12.01

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 752 which exceeds the minimum of 680 Required is 680 Borrower has 752

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10866751

297

XXXX

Closed

finding-3352

2026-08-13 14:24

2026-08-18 16:20

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-08/18/2026

Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.89

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 680

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10794447

300

XXXX

Closed

FCRE0108

2026-08-18 13:15

2026-08-21 13:58

Resolved

1 - Information

Credit

Insurance

XXXX Coverage not met

Resolved-Upon further review, Crime Coverage is the same as XXXX coverage per FNMA and there is sufficient coverage - Due Diligence Vendor-08/XX/2026
Ready for Review-The policy provided contains both XX. Please clear this finding. - Seller-08/XX/2026
Counter-Received insurance policy with Director & Officer coverage however XXXX Coverage protects a condominium association's financial assets from employee or insider theft, embezzlement, forgery, and wire fraud. . It covers losses caused by board members, volunteers, employees, and property management staff who handle association funds. Finding remains - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026
Open-XXXX Coverage not met. Provide missing XXXX Coverage. - Due Diligence Vendor-08/XX/2026

Ready for Review-The policy provided contains both D&O and Emp Dishonestly. Please clear this finding. - Seller-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Upon further review, Crime Coverage is the same as XXXX coverage per FNMA and there is sufficient coverage - Due Diligence Vendor-08/21/2026

Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 75

Guideline: Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 720 Borrower has 780. Required is 720 Borrower has 780

Guideline: Qualifying DTI below maximum allowed - DTI Required is 4%5 Borrower has 5.92%. Required is 50 Borrower has 5.92

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Investment

Purchase

N/A

10872435

300

XXXX

Closed

FCOM1352

2026-08-19 17:50

2026-08-20 15:19

Resolved

1 - Information

Credit

Missing Doc - Credit

Business Purpose Affidavit/Disclosure Missing

Resolved-The Business Purpose Affidavit Disclosure is Present or Not Applicable - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. This was not a Business Purpose Loan. Please see attached. - Seller-08/XX/2026

Open-The Business Purpose and Occupancy Affidavit Disclosure is Missing - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. This was not a Business Purpose Loan. Please see attached. - Seller-08/XX/2026

Resolved-The Business Purpose Affidavit Disclosure is Present or Not Applicable - Due Diligence Vendor-08/20/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Investment

Purchase

N/A

10909970

300

XXXX

Closed

FCRE1325

2026-08-18 13:26

2026-08-20 15:06

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 CPA Letter Missing

Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached
- Seller-08/XX/2026

Open-Borrower 1 CPA Letter Missing Provide Missing CPA Letter. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached
- Seller-08/XX/2026

Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-08/20/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Investment

Purchase

N/A

10872804

309

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

217

XXXX

Closed

FCRE9996

2026-08-19 16:59

2026-08-21 15:20

Resolved

1 - Information

Credit

Eligibility

Condo does not meet requirements

Resolved-Received Budget and 1008 reflecting more than 5% guideline requirement. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The 1008 actually states "non warrantable due to 7.3% Reserves". Please see attached requested HOA Budget and 1008. - Seller-08/XX/2026

Open-The Lender note on 1008 that the condo is non warrantable as the HOA Reserves is 5.8%, however G/L states 5% minimum. To determine if the Condo is non-warrantable, we need the Budget (only have the Balance sheet) and the Reserve Study. Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. The 1008 actually states "non warrantable due to 7.3% Reserves". Please see attached requested HOA Budget and 1008. - Seller-08/XX/2026

Resolved-Received Budget and 1008 reflecting more than 5% guideline requirement. - Due Diligence Vendor-08/21/2026

Guideline: Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 21.45 Required is 50 Borrower has 21.45

Months Reserves exceed minimum required - Min reserves 3 mths, Borrower has 136.75 mth in reserves

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10908880

217

XXXX

Closed

FCRE1294

2026-08-19 16:39

2026-08-21 15:11

Resolved

1 - Information

Credit

Income/Employment

Income 3 Months Income Verified is Missing

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Open-Income 3 Months Income Verified is Missing Missing proof of the HOA for Property 3 (3c). Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/21/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10908130

217

XXXX

Closed

FCRE1295

2026-08-19 16:39

2026-08-21 15:11

Resolved

1 - Information

Credit

Income/Employment

Income 4 Months Income Verified is Missing

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Open-Income 4 Months Income Verified is Missing Missing proof of the HOA for Property 4 (3d). Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/21/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10908131

217

XXXX

Closed

FCRE1296

2026-08-19 16:39

2026-08-21 15:11

Resolved

1 - Information

Credit

Income/Employment

Income 5 Months Income Verified is Missing

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Open-Income 5 Months Income Verified is Missing Missing proof of the HOA for Property 5 (3e). Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/21/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10908132

217

XXXX

Closed

FCRE1297

2026-08-19 16:39

2026-08-21 15:11

Resolved

1 - Information

Credit

Income/Employment

Income 6 Months Income Verified is Missing

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Open-Income 6 Months Income Verified is Missing Missing proof of the HOA for Property 6(3f). Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/21/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10908133

217

XXXX

Closed

FCRE1298

2026-08-19 16:39

2026-08-21 15:11

Resolved

1 - Information

Credit

Income/Employment

Income 7 Months Income Verified is Missing

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Open-Income 7 Months Income Verified is Missing Missing proof of the HOA for Property 7 (3g). Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/21/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10908134

217

XXXX

Closed

FCRE1299

2026-08-19 16:39

2026-08-21 15:11

Resolved

1 - Information

Credit

Income/Employment

Income 8 Months Income Verified is Missing

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Open-Income 8 Months Income Verified is Missing Missing proof of the monthly PITIA (including HOA) for Property 8(3h). Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026

Resolved-Received pg 1 of appraisal to document HOA. - Due Diligence Vendor-08/21/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10908135

303

XXXX

Closed

FCRE1509

2026-10-23 14:27

2026-10-23 14:30

Resolved

1 - Information

Credit

Closing

Issues exist on the Note Document

Resolved-Received Note page 1. - Due Diligence Vendor-10/XX/2026

Open-There are Issues Present on the Note that must be addressed. The Note is Incomplete Page 1 is not legible
- Due Diligence Vendor-10/XX/2026

Resolved-Received Note page 1. - Due Diligence Vendor-10/23/2026

Months Reserves exceed minimum required - 78 Months Reserves exceed 3 months minimum required

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 763 Required is 700 Borrower has 763

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

12029144

202

XXXX

Closed

FCRE1195

2026-08-20 17:26

2026-08-26 10:03

Waived

2 - Non-Material

Credit

Eligibility

Audited CLTV Exceeds Guideline CLTV

Waived-Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. Attached are the approved exception request to allow cash-our and subordinating a 2nd lien up to 85% CLTV. - Seller-08/XX/2026
Open-Audited CLTV of 84.51% exceeds Guideline CLTV of 80% Exception in file to allow cashout and suboridianting a 2nd lien up to 85% CLTV. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. Attached are the approved exception request to allow cash-our and subordinating a 2nd lien up to 85% CLTV. - Seller-08/XX/2026

Waived-Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-08/26/2026

Months Reserves exceed minimum required - Verified assets of 14.87 months exceeds the minimum required of 6 months.

Guideline: Qualifying DTI below maximum allowed - DTI of 32.27% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 32.27

0x30x24
5 years self employed

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

Yes

10937454

294

XXXX

Closed

FCOM1351

2026-08-20 14:51

2026-09-02 15:31

Resolved

1 - Information

Credit

Missing Doc

Guaranty Agreement Missing

Resolved-Upon further review: Personal guarantee required when lending to entity. 4.xx.3. however Note is signed by individuals. - Due Diligence Vendor-09/XX/2026
Ready for Review-Document Uploaded. We Kindly disagree and point out that Section 2.3.1 was met. Guideline allows for a property to be vested in an LLC for Business purpose transactions; which was evidenced with the Business Purpose Affidavit provided. We further point out that the 2nd portion would not apply since the borrower, as an individual, is the borrowing entity and is only vesting in an LLC. Please see copy of the Note which is executed by the borrower as an individual.

This “Must meet guideline 2.3.1 and vesting in business entity is acceptable for DSCR program only.” Would not apply on this loan as the borrowing entity is an individual; they are just vesting in an LLC. - Seller-08/XX/2026
Counter-Received Lender rebuttal. Review of Guideline 4.7.3- Borrowing Entities (Lending to the Entity)U.S. domestic LLCs are permitted as Borrowing Entities under the DSCR program. A Personal Guarantor is required when lending to an entity. - Due Diligence Vendor-08/XX/2026
Ready for Review-Our funding department indicates that given that this loan closed as an LLC it does not require a personal guaranty - Seller-08/XX/2026
Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Missing Personal Guaranty. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. We Kindly disagree and point out that Section 2.3.1 was met. Guideline allows for a property to be vested in an LLC for Business purpose transactions; which was evidenced with the Business Purpose Affidavit provided. We further point out that the 2nd portion would not apply since the borrower, as an individual, is the borrowing entity and is only vesting in an LLC. Please see copy of the Note which is executed by the borrower as an individual.

This “Must meet guideline 2.3.1 and vesting in business entity is acceptable for DSCR program only.” Would not apply on this loan as the borrowing entity is an individual; they are just vesting in an LLC. - Seller-08/XX/2026
Ready for Review-Our funding department indicates that given that this loan closed as an LLC it does not require a personal guaranty - Seller-08/XX/2026

Resolved-Upon further review: Personal guarantee required when lending to entity. 4.7.3. however Note is signed by individuals. - Due Diligence Vendor-09/02/2026

Guideline: LTV is less than guideline maximum - Required is 75 Borrower has 55.38

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 780

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10930872

294

XXXX

Closed

FCRE1440

2026-08-20 15:17

2026-08-26 14:52

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received Rent free letter. - Due Diligence Vendor-08/XX/2026
Ready for Review-Document Uploaded. see the attached missing document - Seller-08/XX/2026
Open-Housing History Does Not Meet Guideline Requirements Please provide rent free letter from B2. Mortgage is in B1 name only and application reflects B2 living rent free. - Due Diligence Vendor-08/XX/2026

Ready for Review-Document Uploaded. see the attached missing document - Seller-08/XX/2026

Resolved-Received Rent free letter. - Due Diligence Vendor-08/26/2026

Guideline: LTV is less than guideline maximum - Required is 75 Borrower has 55.38

Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 780

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10932064

214

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

306

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

298

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

302

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase