# EDGAR Filing Document

**Accession Number:** 0002109249
**File Stem:** 0001213900-26-042345
**Filing Date:** 2026-4
**Character Count:** 1162583
**Document Hash:** ebf0795f5610d1f093a9247eacb6c374
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-042345.hdr.sgml**: 20260410

**ACCESSION NUMBER**: 0001213900-26-042345

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 21

**CONFORMED PERIOD OF REPORT**: 20260410

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260410

**DATE AS OF CHANGE**: 20260410

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Residential mortgages - Other/Combined

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Itasca Park LLC
- **CENTRAL INDEX KEY:** 0002109249

**ORGANIZATION NAME:**
- **EIN:** 393277870
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 984500H3E83P7JX6D298

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08452
- **FILM NUMBER:** 26854215

**BUSINESS ADDRESS:**
- **STREET 1:** 28 W 44TH STREET #901
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 332-209-2009

**MAIL ADDRESS:**
- **STREET 1:** 28 W 44TH STREET #901
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Itasca Park, LLC
- **DATE OF NAME CHANGE:** 20260203
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Itasca Park LLC
- **CENTRAL INDEX KEY:** 0002109249

**ORGANIZATION NAME:**
- **EIN:** 393277870
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 984500H3E83P7JX6D298

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 28 W 44TH STREET #901
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 332-209-2009

**MAIL ADDRESS:**
- **STREET 1:** 28 W 44TH STREET #901
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Itasca Park, LLC
- **DATE OF NAME CHANGE:** 20260203
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Itasca Park LLC
- **CENTRAL INDEX KEY:** 0002109249

**ORGANIZATION NAME:**
- **EIN:** 393277870
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 984500H3E83P7JX6D298

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 28 W 44TH STREET #901
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 332-209-2009

**MAIL ADDRESS:**
- **STREET 1:** 28 W 44TH STREET #901
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Itasca Park, LLC
- **DATE OF NAME CHANGE:** 20260203

OMB Number: 3235-0675

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**FORM ABS-15G<br>ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> THE SECURITIES EXCHANGE ACT OF 1934**

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

☐ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period______________ to _________________

Date of Report (Date of filing) __________________

Commission File Number of securitizer: __________________

Central Index Key Number of securitizer:__________________

Name and telephone number, including area code, of the person<br> to contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(l) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of sponsor: <u>0002109249</u>

CLIP 2026-NQM1 Trust

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): <u>Not applicable</u>

Central Index Key Number of underwriter (if applicable): <u>Not applicable</u>

Reid Ellison (332) 456-7320

Name and telephone number, including area code, of the person<br> to contact in connection with this filing.

**FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuing Entity**

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached Exhibit 99 to this Form ABS-15G. Please see the Exhibit Index for the related information.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  | ITASCA PARK LLC | ITASCA PARK LLC |
| Date: | April 10, 2026 | By: | /s/ Reid Ellison |
|  |  | Name: | Reid Ellison |
|  |  | Title: | Authorized Signatory |

---

**EXHIBIT INDEX**

<u>Exhibit Number</u>

[99.1 - Third Party Due Diligence Report – AMC Diligence, LLC Narrative](ea028583901_ex99-1.htm)

[Schedule 1 – Data Compare](ea028583901_ex99-1sch1.htm)

[Schedule 2 – Exception Grades](ea028583901_ex99-1sch2.htm)

[Schedule 3 – RA Grades](ea028583901_ex99-1sch3.htm)

[Schedule 4 – Valuation Summary](ea028583901_ex99-1sch4.htm)

[99.2 – Third Party Due Diligence Report – Clarifii LLC Narrative](ea028583901_ex99-2.htm)

[Schedule 1 – Data Compare](ea028583901_ex99-2sch1.htm)

[Schedule 2 – RA Grade Detail](ea028583901_ex99-2sch2.htm)

[Schedule 3 – RA Grade Summary](ea028583901_ex99-2sch3.htm)

[Schedule 4 – Valuation Report](ea028583901_ex99-2sch4.htm)

[99.3 - Third Party Due Diligence Report – Inglet Blair, LLC Narrative](ea028583901_ex99-3.htm)

[Schedule 1 – Data Compare](ea028583901_ex99-3sch1.htm)

[Schedule 2 – Exceptions Report](ea028583901_ex99-3sch2.htm)

[Schedule 3 – Final Grading Summary](ea028583901_ex99-3sch3.htm)

[Schedule 4 – Valuation Report](ea028583901_ex99-3sch4.htm)

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-01_001.jpg)

**EXECUTIVE SUMMARY**

**DESCRIPTION OF SERVICES**

**(1) Type of assets that were reviewed.**

AMC Diligence, LLC ("AMC") performed the due diligence services described below (the "Review") on loans originated by various parties acquired by Itasca Park LLC (the "Client") through flow or mini-bulk transactions. The Review was conducted from February 2026 through April 2026 on mortgage loans with origination dates from November 2025 to January 2026 via files imaged and provided by the Client for review. The Review included a loan reviewed under the Credit and Compliance Scope (1 mortgage loan) and the Leases Review Scope (28 mortgage loans). The mortgage loans (Credit and Compliance Scope) and the loans (Leases Review Scope) are together referred to as the Loans.

**(2) Sample size of the assets reviewed.**

During the course of the securitization evaluation process, the Client may have removed loans that were reviewed by AMC from the securitization for reasons that were not disclosed to AMC. The Review contained twenty-nine (29) loans totaling an aggregate original principal balance of approximately $13.457 million.

**(3) Determination of the sample size and computation.**

The Review was conducted consistent with the criteria for the nationally recognized statistical rating organizations, NRSRO(s), identified above.

**(4) Quality or integrity of information or data about the assets: review and methodology.** AMC compared data fields on the bid tape provided by the Client to the data found in the actual mortgage loan file as captured by AMC. This comparison, when data was available (please note that not all fields were available for all Loans during the Review) and relevant for the Scope in question, included the following data fields:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;# of Units | &nbsp;&nbsp;City | &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;Original LTV | &nbsp;&nbsp;Representative<br> FICO |
| &nbsp;&nbsp;Amortization Term | &nbsp;&nbsp;Contract Sales Price | &nbsp;&nbsp;Mortgage Type | &nbsp;&nbsp;Original P&I | &nbsp;&nbsp;State |
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Has FTHB | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Original Term | &nbsp;&nbsp;Street |
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;Originator Application Date | &nbsp;&nbsp;Subject Debt Service Coverage Ratio |
| &nbsp;&nbsp;Borrower First Name | &nbsp;&nbsp;Investor: Qualifying Total Debt Ratio | &nbsp;&nbsp;Original CLTV | &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Zip |
| &nbsp;&nbsp;Borrower Last Name | &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Original Interest Rate | &nbsp;&nbsp;Purpose |  |
| &nbsp;&nbsp;Borrower SSN | &nbsp;&nbsp;LTV Valuation Value | &nbsp;&nbsp;Original Loan Amount | &nbsp;&nbsp;Refi Purpose |  |

---

Additionally, AMC verified (i) listed borrowers signed documents requiring signature, (ii) borrowers signing documents were eighteen (18) years or older at the time of the mortgage loan origination, (iii) that all riders required by the terms of the mortgage and mortgage note were attached to the respective document, (iv) that social security numbers across documents were consistent, and (v) debt-to-income ratio ("DTI(s)") and/or loan-to-value ratios ("LTV(s)") were used in the assessment of conformity guidelines.

**(5) Origination of the assets and conformity to stated underwriting or credit extension guidelines, standards, criteria or other requirements: review and methodology.**

**<u>CREDIT REVIEW (1 Loan)</u>**

AMC reviewed asset origination to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements, including, as applicable for the Residential Population, the Ability to Repay and Qualified Mortgage requirements described below, that were provided to AMC. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the mortgage loan file was also performed.

**Credit Application:** For the Credit Application, AMC verified that the application: (i) was signed by all listed borrowers, (ii) was substantially filled out, (iii) contained all known borrower-owned properties on the Real Estate Owned section 2, and (iv) included the borrower's employment history.

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![](ex99-01_001.jpg)

**Credit Report:** AMC's review included confirming that a credit report, that met guideline requirements, was present for each borrower and that such borrower's credit profile adhered to the guidelines. In order to make this determination, AMC: (i) captured the monthly consumer debt payments for use in relevant calculations, (ii) noted and researched the Real Estate Owned and fraud alerts, (iii) gathered liabilities listed on the credit report to be included in the debt to income ratio as appropriate, and (iv) gathered data required for the ASF tape submission including (a) the most recent FICO (scores from Equifax, Experian, and Transunion if available), (b) the most recent FICO date, (c) the longest trade line, (d) the maximum trade line, (e) the number of trade lines, and (f) the credit usage ratio.

**Employment and Income:** AMC determined whether applicable supporting employment and income documentation required by the guidelines, and as applicable Appendix Q or ATR, was present in the mortgage loan file and where possible, wasn't fraudulent. This documentation was used to verify whether the income used to qualify the mortgage loan was calculated in accordance with the guidelines and may have included items such as: (i) verbal or written verification of employment, (ii) pay stubs, (iii) W-2 forms, (iv) tax returns, (v) financial statements, (vi) IRS tax transcripts, and (vii) Bank Statements.

**Asset Review:** AMC assessed whether the asset documentation required by the guidelines, and as applicable, Appendix Q or ATR, was present in the mortgage loan file. Utilizing this documentation, AMC completed a review of the reserve calculation and any large deposits. Documentation verifying assets for down payment, closing costs, prepaid items and reserves may have included: (i) verification-of-deposit ("VOD(s)"), (ii) depository account statements, (iii) stock or security account statements, (iv) gift funds, (v) escrow or earnest money deposits, and (vi) settlement statements or other evidence of conveyance and transfer of funds (if a sale of assets was involved).

**Hazard/Flood Insurance/Taxes:** A review of the insurance present on the mortgage loan was also performed by AMC. During the course of this review, AMC (i) verified that the hazard insurance met the minimum required amount of coverage in the guidelines, (ii) confirmed that the mortgage clause listed the lender's name and "its successors and assigns,", (iii) confirmed that the premium amount on both the hazard and flood insurance matched what was used in the DTI calculations, (iv) reviewed the tax certificate to verify and compare monthly escrows used to calculate DTI matched and that taxes were current, (v) confirmed that the flood certification was for the correct borrower, property, lender and mortgage loan number and was a "Life of Loan" certification, and (vi) completed other property specific items including (a) for condominium properties, confirming that the blanket policy met the minimum amount of coverage in the guidelines and (b) for properties in a flood zone per the flood certification, confirming that flood insurance met guideline requirements and met the minimum required amount of coverage in the guidelines.

**Occupancy Review:** AMC confirmed the property occupancy is consistent with the mortgage loan approval and borrowers' application disclosure based solely on information contained in the mortgage loan file and any fraud report obtained in connection with the mortgage loan.

**Guideline Review:** During the course of the review, AMC confirmed the mortgage loan was originated in accordance with required guidelines by reviewing conformity of mortgage loan, transaction type, and borrower characteristics to stated guidelines. Mortgage characteristics examined included (i) DTI of the borrower, (ii) the LTV/TLTV/HTLTV, (iii) the credit score for each borrower, (iv) asset reserves of the borrower, (v) property type, (vi) property usage, and (vii) other property specific items including for condominium or cooperative properties, assessing whether the condominium or cooperative project adheres to required guidelines.

**Fraud Review:** AMC reviewed fraud report results in each mortgage loan file, to the extent present, in conjunction with source documents found in the mortgage loan file to assess the likelihood of any misrepresentations associated with the origination of the mortgage loan. If the mortgage loan file did not contain a fraud report and the counterparty did not produce one, AMC conditioned the mortgage loan for the missing fraud report product.

If a report was present, AMC reviewed the report for (i) any name variations for the borrowers, (ii) any social security number variations for the borrowers, (iii) any potential occupancy issues based on the borrower's address history, (iv) any noted employment issues, and (v) any additional consumers associated with the borrower's profile. If any findings were noted, AMC confirmed that such findings and/or variations were addressed by the originator in the origination of the asset or that such red flag issues were fully addressed via mortgage loan documentation provided.

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![](ex99-01_001.jpg)

**Title Review:** AMC's review included a review of the chain of title and the duration of ownership by the seller or borrower (whichever is applicable) satisfied the guidelines. Included in this review was a verification of whether the appropriate vestee was on the title documentation (if a purchase, the seller; if a refinance, the borrower) and that the title commitment addressed issues such as assessments; covenants, conditions and restrictions; access problems; vicinity of property to military airports; prior leases; court orders/divorce decrees; public probate issues; foreclosures; bankruptcies; judgment liens; state and federal tax liens; environmental liens, and oil/gas leases.

**Additional Review of Mortgage Loan File:** AMC also reviewed the closing documents to ensure that the mortgage loan file information is complete, accurate, and contains consistent documentation. Included in the portion of the review are items such as reviewing for (i) evidence of primary mortgage insurance, (ii) if the property is located in an area that was listed as a FEMA disaster zone post origination, (iii) the presence of loan modification documents, and (iv) general conformity to Fannie Mae or Freddie Mac approved formats at the time of origination.

Additionally, AMC verified (i) listed borrowers signed documents requiring signature, (ii) borrowers signing documents were eighteen (18) years or older at the time of the mortgage loan origination, (iii) that all riders required by the terms of the mortgage and mortgage note were attached to the respective document, (iv) that social security numbers across documents were consistent, and (v) debt-to-income ratio ("DTI(s)") and/or loan-to-value ratios ("LTV(s)") were used in the assessment of conformity guidelines.

**<u>LEASES REVIEW (28 Loans)</u>**

**<u>DOCUMENT REVIEW</u>**

For each Loan, AMC will review the Loan File and verify whether the following documents, if applicable, are included in the file and if the data on these documents is consistent and logical: (a) initial application (1003), (b) credit report, (c) employment documentation, (d) asset documentation, (e) sales contract, (f) hazard and/or flood insurance policies, (g) appraisal, (h) title/preliminary title, (i) mortgage/deed of trust, (j) note, (k) certificate of business purpose / non-owner occupancy, (l) articles of incorporation, if applicable, (m) operating agreement, and (n) background check.

**<u>CREDIT REVIEW</u>**

The credit review focuses on the borrower's experience in property management, credit profile and adherence to guidelines. The borrower's assets are analyzed to determine there are sufficient funds for the required equity in the project. Conformity to applicable guidelines will all be assessed during the review. An income calculation will not be performed though the presence of income documentation if required by the guidelines will be noted.

**Credit Application:** For the Credit Application, AMC will verify whether (a) the application is signed by all listed borrowers, (b) the application is substantially filled out, (c) all known borrower-owned properties are disclosed on the Real Estate Owned section or attachments, and (d) borrower's property management/landlord experience.

**Credit Report:** AMC will verify (a) a credit report is present for each borrower, (b) note and research the Real Estate Owned and fraud alerts, (c) and gather data including (i) representative FICO, (ii) scores from Equifax, Experian, and Transunion (if available), (iii) verify that the public records listed are disclosed on the application and adequately explained and in compliance with guidelines, and (iv) the number and length of trade lines.

**Employment and Income:** AMC will determine whether applicable supporting employment and income documentation required by the guidelines, was present in the mortgage loan file and where possible, wasn't fraudulent.

**Borrowing Entity:** AMC will verify the borrowing entity, if not an individual, is properly documented. In addition, AMC will verify if the business entity is a US or foreign entity and if the individual signing the loan documentation has the appropriate authority. Distinction will be made between guarantors and principals, individuals and business entities.

**Property income:** AMC will determine whether all applicable supporting documentation as required by the guidelines is present in the file. No traditional borrower DTI ratios will be calculated but instead a "Property DTI" will be calculated per guidelines using the lease or expected lease amount and the property expenses. Documentation verifying property income may include: (a) leases and monthly rental income, (b) property vacancy, (c) balance sheets / financial statements, and (d) an appraisal analysis of market rents.

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![](ex99-01_001.jpg)

**Valuation Review:** AMC's review will include a review of the valuation materials utilized during the origination of the loan and in confirming the value of the underlying property. AMC's review will include verifying the appraisal report was(i) materially complete, (ii) in conformity with the guideline requirements for the property type in question, (iii) completed by an appraiser that was actively licensed to perform the valuation, (iv) completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, (iv) made on an "as is" basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

With regard to the use of comparable properties, AMC's review will (i) review the relative comparable data (gross and net adjustments, sale dates and distance from subject property) and ensure that such comparable properties are within standard appraisal guidelines; (ii) confirm the property value and square footage of the subject property was bracketed by comparable properties, (iii) verify that comparable properties used are similar in size, style, and location to the subject, and (iv) check for the reasonableness of adjustments when reconciling value between the subject property and comparable properties.

Other aspects of AMC's review include (i) verifying that the address matched the mortgage note, (ii) reviewing pictures to ensure (a) that the property is in average or better condition and any repairs are noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are no negative external factors; and (iii) confirming the appraiser noted an estimated lease amount to be used in instances where there is no lease in place.

**Asset Review:** AMC will assess whether the asset documentation required by the guidelines is present in the file. AMC will verify that assets presented support the required reserves. Documentation reviewed may include: (a) depository account statements, (b) stock or security account statements, (c) settlement statements or other evidence of conveyance and transfer of funds if a sale of assets was involved, and (d) operating accounts from other properties.

**Insurance:** AMC will (a) look for the presence of rent loss insurance as required by the guidelines, (b) verify that hazard insurance meets the minimum required amount of coverage in the guidelines, (c) confirm that the flood cert is for the correct borrower, property, lender and loan number, and (d) for properties in a flood zone per the flood cert, confirm that flood insurance meets guideline requirements in the file and meets the minimum required amount of coverage.

**Title:** AMC will verify whether the appropriate vestee is on the title document: if a purchase, the seller; if a refinance, the borrower. AMC will also review the Title Commitment for the disclosure issues such as assessments; covenants, conditions and restrictions); access problems; vicinity of property to military airports; prior leases; court orders/divorce decrees; public probate issues; foreclosures; bankruptcies; judgment liens; state and federal tax liens; and environmental liens. Review for instances of delinquent taxes (non-liens). In addition, AMC will review for Oil, Gas, Water or Mineral rights.

**Fraud / Criminal Background:** To the extent potentially fraudulent activity is identified as part of the document review, such information will be reported to Client. In addition, AMC will look for an independent, third party fraud report and background check in each file and will review the results of the fraud report in conjunction with source documents found in the file to assess the likelihood of any misrepresentations associated with the origination of the loan.

**<u>DATA COLLECTION</u>**

AMC will compare data fields on the bid tape provided by the client to the data found in the actual file as captured by AMC. All material discrepancies will be noted.

**(6) Value of collateral securing the assets: review and methodology.**

AMC's review included a review of the valuation materials utilized during the origination of the loan and in confirming the value of the underlying property. AMC's review included verifying the appraisal report was (i) on the appropriate GSE form, (ii) materially complete, (iii) in conformity with the guideline requirements for the property type in question, (iv) completed by an appraiser that was actively licensed to perform the valuation, (v) completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, (vi) made and signed prior to the final approval of the mortgage loan application, (vii) completed and dated within the guideline requirements, (vii) made on an "as is" basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

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![](ex99-01_001.jpg)

With regard to the use of comparable properties, AMC's review (i) captured the relative comparable data (gross and net adjustments, sale dates and distance from subject property) and ensured that such comparable properties are within standard appraisal guidelines; (ii) confirmed the property value and square footage of the subject property was bracketed by comparable properties, (iii) verified that comparable properties used are similar in size, style, and location to the subject, and (iv) checked for the reasonableness of adjustments when reconciling value between the subject property and comparable properties.

Other aspects of AMC's review included (i) verifying that the address matched the mortgage note, (ii) verifying that the appraisal and the policies and procedures with regard to appraisal, including the appropriate level of review, when originating the mortgage loan, were followed, (iii) noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying the Client of same (iv) confirming the appraisal report does not include any apparent environmental problems, (v) confirming the appraisal notes the current use of the property is legal or legal non-conforming (grandfathered), (vi) reviewing pictures to ensure (a) that the property is in average or better condition and any repairs are noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are no negative external factors; and (vii) confirming that the value product that was used as part of the origination decision was directly accessible to AMC or if it was not directly accessible that another valuation product that was directly accessible to AMC was ordered in accordance with the Client's specific valuation waterfall process. If more than one valuation was provided, AMC confirmed consistency among the valuation products and if there were discrepancies that could not be resolved, AMC created an exception.

**(7) Compliance of the originator of the assets with federal, state and local laws and regulations: review and methodology.**

**<u>COMPLIANCE REVIEW (1 Loan)</u>**

Please be advised that AMC did not make a determination as to whether the mortgage loans complied with federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated below. There can be no assurance that the Review uncovered all relevant factors relating to the origination of the mortgage loans, their compliance with applicable law and regulations and the original appraisals relating to the mortgaged properties or uncovered all relevant factors that could affect the future performance of the mortgage loans. Furthermore, the findings reached by AMC are dependent upon its receiving complete and accurate data regarding the mortgage loans from mortgage loan originators and other third parties upon which AMC is relying in reaching such findings.

With regard to TILA-RESPA Integrated Disclosure ("TRID") testing, AMC implemented the TRID scope of review referenced within the Regulatory Compliance section (III) based on (i) the RMBS 4.0 TRID Compliance Review Scope published by the Structured Finance Association ("SFA") (formerly, the Structured Finance Industry Group, "SFIG") (the "SFA Compliance Review Scope") and (ii) outside counsel's interpretations of the published regulations as of the date of review of each mortgage loan. AMC worked with outside counsel and continues to obtain updated interpretations relative to the informal guidance provided by the Consumer Financial Protection Bureau ("CFPB") which has caused alterations in the review scope and severity of TRID related exceptions, including applicable cures. (This will continue as necessary as additional guidance becomes available, as well as any future rulemaking.) While AMC continues to make a good faith effort to identify material TRID exceptions and apply the appropriate grading, the implementation of new regulations (including TRID) that impact residential mortgages carries certain interpretive risk and continues to evolve, impacting the review scope and exception severity. AMC has worked closely with the NRSROs and the Client to disclose, as mutually agreed upon by the parties, the relevant exceptions per AMC's suggested review implementation as reviewed by outside counsel; however, no assurances can be provided and/or are given that AMC has included within its Review all areas that may represent risk to the securitization trust, or that areas of risk identified by AMC will result in the potential level of risk indicated by an Event Level or NRSRO grade.

Please be further advised that AMC does not employ personnel who are licensed to practice law in the various jurisdictions, and the findings set forth in the reports prepared by AMC do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to AMC. Information contained in any AMC report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the report based on certain factors, including the facts and circumstances of an individual mortgage loan. All final decisions as to whether to purchase or enter into a transaction related to any individual mortgage loan or the mortgage loans in the aggregate, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such mortgage loan or mortgage loans, shall be made solely by the Client, or other agreed upon party, that has engaged AMC to prepare its reports pursuant to its instructions and guidelines. The Client, or other agreed upon party, acknowledges and agrees that the scoring models applied by AMC are designed to identify potential risk and the Client, or other agreed upon party, assumes sole responsibility for determining the suitability of the information for its particular use. AMC does not make any representation or warranty as to the value of any mortgage loan or mortgage loans collateral that has been reviewed by AMC.

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![](ex99-01_001.jpg)

AMC reviewed each residential mortgage loan to determine, as applicable, to the extent possible and subject to the caveats below, whether the mortgage loan complies with:

**(I) Federal Truth in Lending Act ("TILA"), as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below:**

&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Rescission (§1026.23, §1026.15):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) failure to provide the right of rescission notice;

ii) failure to provide the right of rescission notice in a timely manner and to the correct consumer(s);

iii) errors in the right of rescission notice;

iv) failure to provide the correct form of right of rescission notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) failure to provide the three (3) business day rescission period;

vi) any material disclosure violation on a rescindable mortgage loan that gives rise to the right of rescission under TILA, which means the required disclosures of the annual percentage rate, the finance charge, the amount financed, the total of payments, the payment schedule, the HOEPA disclosures, or those related to prepayment penalties on covered transactions; and

vii) with respect to applicable exception remediation measures, confirm that a letter of explanation, a refund if applicable, new corrected material disclosures and a new notice of right to cancel was provided.

&nbsp;&nbsp;&nbsp;&nbsp;b) <u>TIL Disclosure (§§1026.17, 18 and 19) *as applicable for loans with application dates prior to October 3, 2015*:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) review and comparison of the initial and final TIL disclosures,
and any re-disclosed TIL(s);

ii) proper execution by all required parties;

iii) principal and interest calculations, and proper completion of the interest rate and payment summary; and

iv) timing of initial and re-disclosed TIL(s).

&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Home Equity Plans Disclosures (§§1026.6, 40) *as applicable*</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) failure to provide the applicable home equity initial and account
opening disclosures

ii) failure to provide the applicable home equity initial and account opening disclosures in a timely manner

&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Tolerances (§§1026.18, 22 23, and 38):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) inaccurate Annual Percentage Rate (APR) outside of applicable
tolerance by comparing disclosed APR to re-calculated APR; and

ii) inaccurate Finance Charge outside of applicable tolerance by comparing disclosed Finance Charge to re-calculated Finance Charge.

iii) inaccurate Total of Payments outside of applicable tolerance by comparing disclosed Total of Payments to re-calculated Total of Payments.

&nbsp;&nbsp;&nbsp;&nbsp;e) <u>High-cost Mortgage (§§1026.31, 32 and 34):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) points and fees threshold test;

ii) APR threshold test;

iii) prepayment penalty threshold test; and

iv) compliance with the disclosure requirements, limitation on terms and prohibited acts or practices in connection with a high-cost mortgage.

&nbsp;&nbsp;&nbsp;&nbsp;f) <u>Higher-priced Mortgage Loan (§1026.35):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) APR threshold test; and

ii) compliance with the escrow account and appraisal requirements as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;g) <u>With respect to brokered mortgage loans, the Prohibitions and Restrictions related to Loan Originator Compensation and Steering (§1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) review relevant documentation to determine if compensation to
a Loan Originator was based on a term of the transaction;

ii) review relevant document to determine if there was dual compensation; and

iii) review the presence of the mortgage loan option disclosure and to determine if the Steering Safe Harbor provisions were satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Note: Where available, AMC reviewed the relevant documents
 in the mortgage loan file and, as necessary, attempted to obtain the mortgage loan originator compensation agreement and/or
 governing policies and procedures of the mortgage loan originator.
In the absence of the mortgage loan originator compensation agreement and/or governing policies and procedures, AMC's review was
limited to formal general statements of entity compliance provided by the mortgage loan originator, if any. These statements, for example,
were in the form of a letter signed by the seller correspondent/mortgage loan originator or representations in the mortgage loan purchase
agreement between the Client and seller correspondent;

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&nbsp;&nbsp;&nbsp;&nbsp;h) <u>Homeownership counseling (§1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) determine if the creditor obtained proof of homeownership counseling
in connection with a mortgage loan to a first time homebuyer that contains a negative amortization feature.

&nbsp;&nbsp;&nbsp;&nbsp;i) <u>Mandatory Arbitration Clauses (§1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) determine if the terms of the mortgage loan require arbitration
or any other non-judicial procedure to resolve any controversy or settle any claims arising out of the transaction.

&nbsp;&nbsp;&nbsp;&nbsp;j) <u>Prohibition on Financing Credit Insurance (§1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) determine if the creditor financed, directly or indirectly,
any premiums or fees for credit insurance.

&nbsp;&nbsp;&nbsp;&nbsp;k) <u>Nationwide Mortgage Licensing System (NMLS) & Registry ID on Loan Documents (§1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) review for presence of mortgage loan originator organization
and individual mortgage loan originator name and NMLSR ID, as applicable, on the credit application, note or mortgage loan contract, security
instrument, Loan Estimate and Closing Disclosure; and

ii) verify the data against the NMLSR database, as available.

**(II) Federal Real Estate Settlement Procedures Act ("RESPA"), as implemented by Regulation X, 12 C.F.R. Part 1024, as set forth below:** 

&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Good Faith Estimate (GFE) (§1024.7) *as applicable for loans with application dates prior to October 3, 2015*:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of the current GFE form in effect at the
time of origination;

ii) verify GFE was provided to the borrower(s) within three (3) business days of application;

iii) verify all sections of the GFE were accurately completed and that information was reflected in the appropriate locations;

iv) determine whether a valid and properly documented changed circumstance accompanies any changes to mortgage loan terms and/or fees on any revised GFEs over the applicable tolerance(s); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) confirm the presence of a settlement service provider list,
as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Final HUD-1/A Settlement Statement (HUD) (§1024.8) *as applicable for loans with application dates prior to October 3, 2015*:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm current applicable HUD form was provided;

ii) determination that the mortgage loan file contains the final HUD;

iii) escrow deposit on the final HUD matches the initial escrow statement amount; and

iv) verify all sections of the final HUD were accurately completed and that information was reflected in the appropriate locations.

&nbsp;&nbsp;&nbsp;&nbsp;c) <u>GFE and Final HUD Comparison (§1024.7) *as applicable for loans with application dates prior to October 3, 2015*:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) review changes disclosed on the last GFE provided to the borrower(s)
to determine that such changes were within the allowed tolerances;

ii) confirm mortgage loan terms and fees disclosed on the third page of the final HUD accurately reflect how such items were disclosed on the referenced GFE, page 2 of the final HUD and mortgage loan documents; and

iii) review any documented cure of a tolerance violation to determine that the proper reimbursement was made and a revised HUD was provided at or within 30 days of settlement.

&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Additional RESPA/Regulation X Disclosures and Requirements (§1024.6, 15, 17, 20, and 33):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of the Servicing Disclosure Statement form
in the mortgage loan file;

ii) verify the Servicing Disclosure Statement was provided to the borrower(s) within three (3) business days of application;

iii) confirm the presence of the Special Information Booklet in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower;

iv) confirm the Special Information Booklet was provided within three (3) business days of application;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) confirm the presence of the Affiliated Business Arrangement
Disclosure in the mortgage loan file in the event the lender has affiliated business arrangements;

vi) confirm the Affiliated Business Arrangement Disclosure was provided no later than three (3) business days of application;

vii) confirm the Affiliated Business Arrangement Disclosure is executed; and

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viii) confirm the presence of the Initial Escrow Disclosure Statement in the mortgage loan file and proper timing;

ix) confirm that the creditor provided the borrower a list of homeownership counselling organizations within three (3) business days of application; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x) confirm that the list of homeownership counselling organizations
was obtained no earlier than 30 days prior to when the list was provided to the mortgage loan applicant.

**(III) Sections 1098 and 1100A of Dodd-Frank amending TILA and RESPA, as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below (applicable only for mortgage loans with application dates on or after October 3, 2015):**

&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Loan Estimate (LE) (§§1026.19 and 37):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of LE for applications on or after October
3, 2015;

ii) confirm the initial LE date indicates it was delivered or placed in the mail within three (3) business days of application;

iii) confirm that certain sections of each LE determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the LE;

iv) confirm the initial LE was delivered or placed in the mail not later than seven (7) business days prior to consummation of the transaction, or such period was waived due to a bona fide financial emergency;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) confirm that each revised LE is accompanied by valid written
documentation explaining the reason for re-disclosure to allow for fee increases based on a valid change of circumstance and was timely
provided within 3 business days of issuance;

vi) capture whether a settlement service provider list ("SSPL") was provided (in instances when a consumer is given an opportunity to shop for services). Failure to provide SSPL is not cited separately under SFA compliance review scope, however, absence of SSPL from loan file is treated as not provided and impacts fee tolerance categories as prescribed by regulation.

vii) confirm borrower received LE not later than four (4) business days prior to consummation; and

viii) confirm LE was not provided to the borrower on or after the date of the CD.

&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Closing Disclosure (CD) (§§1026.19 and 38):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of CD for applications on or after October
3, 2015;

ii) confirm the borrower received CD at least three (3) business days prior to consummation, or that such period was waived due to a bona fide financial emergency;

iii) confirm that certain sections of each CD determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the CD;

iv) confirm that a revised CD was received in a timely manner if the initial or any revised CD became inaccurate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) identify tolerance violations based on the charges disclosed
on the initial and interim LE's, initial CD, and reflected on the final CD;

vi) with respect to tolerance violations based on the disclosed charges on the LE and CD, confirm that the creditor cured the violations no later than 60 days after consummation, or within 60 days of discovery; and

vii) with respect to applicable exception remediation measures for numerical exceptions, confirm that a letter of explanation, as well as a refund as applicable, was delivered or placed in the mail no later than 60 days after discovery of the exception establishing the need for a revised CD or with respect to exception remediation measures for non-numerical exceptions, that a corrected CD was delivered or placed in the mail no later than 60 days after consummation. (In an attempt to establish a best practices approach to pre-securitization due diligence, as it applies to TILA RESPA Integrated Disclosure testing, the Structured Finance Association ("SFA") has a working group that consists of industry participants including third party review providers and law firms who agreed to a standardized approach to remediation considerations. This approach is intended to be based on a reasoned legal analysis that expressly assumes that courts will interpret TRID in accordance with the principals of liability set forth in the letter to the MBA from Richard Cordray, the Director of the CFPB. No assurances can be provided that the courts in question will interpret TRID in accordance with the SFA Compliance Review Scope.)

&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Your Home Loan Toolkit (§1026.19):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of Your Home Loan Toolkit in the mortgage
loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower; and

ii) confirm Your Home Loan Toolkit was delivered or placed in the mail not later than three (3) business days after receipt of application.

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**(IV) Sections 1411 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") amending TILA, as implemented by Regulation Z, 12 C.F.R. 1026.43, as set forth below:** 

&nbsp;&nbsp;&nbsp;&nbsp;a) The general Ability to Repay (ATR) underwriting standards (12
C.F.R. 1026.43(c));

&nbsp;&nbsp;&nbsp;&nbsp;b) Refinancing of non-standard mortgages (12 C.F.R. 1026.43(d));

&nbsp;&nbsp;&nbsp;&nbsp;c) Qualified Mortgages (QM) (12 C.F.R. 1026.43(e) (including qualified
mortgages as separately defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department
of Veterans Affairs (38 C.F.R. Part 36 et seq.); and

&nbsp;&nbsp;&nbsp;&nbsp;d) Balloon-payment qualified mortgages made by certain creditors
(12 C.F.R. 1026.43(f)).

AMC reviews applicable mortgage loans for compliance with the ATR and QM rule requirements based upon each mortgage loan's originator designation (Safe Harbor QM, Higher-priced QM, Temporary SHQM, Temporary HPQM, Non-QM, Exempt from ATR). AMC determines the mortgage loan's status under the ATR or QM rule requirements and assigns a due diligence mortgage loan designation. Generally, AMC notes as a material exception if the due diligence findings do not confirm the originator's mortgage loan designation. Additionally, AMC notes if an originator mortgage loan designation was not provided.

 

*<u>Qualified Mortgage</u>*

With respect to QM (Safe Harbor and Higher-priced) designated mortgage loans, AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file: (i) the mortgage loan contains risky mortgage loan features and terms (e.g. an interest only feature or negative amortization), (ii) the "points and fees" exceed the applicable QM threshold, (iii) the monthly payment was calculated appropriately, (iv) the creditor considered and verified income or assets at or before consummation, (v) the creditor appropriately considered debt obligations, alimony and child support, and (vi) depending on the application date, defined in accordance with 1026.2(a)(3)(ii) and the loan designation provided on the subject loan, either:

---

| | |
|:---|:---|
| 1.) | for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), prior to 3/1/2021, at the time of consummation, if the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source, |

---

---

| | |
|:---|:---|
| 2.) | for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), on or after 3/1/2021, but before 10/1/2022, submitted with a loan designation of Safe Harbor QM, Higher Priced QM, Safe Harbor QM (43-Q), or Higher Priced QM (43-Q), whether at the time of consummation, the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source, or |

---

---

| | |
|:---|:---|
| 3.) | for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), taken on or after 3/1/2021, submitted with a loan designation of Safe Harbor QM (APOR), or Higher Priced QM (APOR), "Revised QM", whether the APR exceeds the average prime offer rate by 2.25 or more percentage points, (additional thresholds applicable for lower loan balances, subordinate lien covered transactions and certain manufactured homes loan amounts), and whether the loan does not meet the credit guidelines without a documented exception and compensating factors. |

---

For the mortgage loans determined to be Safe Harbor QM (APOR), the AMC report will indicate (i) "Yes" with respect to any mortgage loan for which the lender provided a Verification Safe Harbor, ("VSH") indicator of "Yes" on such mortgage loans, (ii) "No" with respect to any mortgage loan for which the lender provided a VSH indicator of "No" and (iii) "Not Stated" with respect to any mortgage loan for which the lender did not provide a VSH indicator.

\* Note, for mortgage loans in which the lender provided the VSH indicator, AMC captured the VSH indicator in the AMC report but did not verify the VSH indicator as provided by the related lender.

In addition to the above, for loans (i) that are designated as "Yes" with respect to a VSH indicator, (ii) for which such "Yes" VSH indicator was provided within the loan images, on the data tape or in the deal notes, and (iii) for which the related mortgage loan guidelines utilized one of the specified GSE June 2020 guidelines to meet VSH, AMC performed an additional variance evaluation on such QM (APOR) mortgage loans. AMC's variance evaluation consists of a review of such mortgage loan to identify documentation variances that would cause one to question the VSH attestation provided by the lender. If variances were identified, the mortgage loan would not be identified by AMC to meet the VSH documentation requirements under either the Fannie Mae guidelines or under the Freddie Mac guidelines, and the AMC report will indicate "No" with respect to such mortgage loans. The results of the variance evaluation are reflected in the reports

.

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This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source.

If a mortgage loan was designated as QM and identified as eligible for guarantee, purchase, or insurance by an applicable agency as permitted under the QM final rule, AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file, if the mortgage loan satisfied (i), (ii) and (iii) in the preceding paragraph. In addition, AMC reviews the Automated Underwriting System output within the file to confirm agency eligibility.

For each QM designated mortgage loan that satisfied the applicable requirements enumerated above, AMC then determines whether the mortgage loan is a Safe Harbor QM or Higher Priced QM by comparing the mortgage loan's actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage. The Review also includes determining, as applicable, whether a mortgage loan is a qualified mortgage as defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.).

For each QM designated mortgage loan that does not satisfy the applicable requirements enumerated above, AMC then determines whether the mortgage loan complies with the ATR rule consideration and verification requirements and provides a due diligence designation of Non-QM compliant or non-compliant.

 

*<u>General Ability to Repay</u>*

AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file, the creditor considered, as applicable, the following eight underwriting factors, and verified such information using reasonably reliable third-party records, at or before consummation: (i) the consumer's current or reasonably expected income or assets, (ii) if the creditor relied on income from the consumer's employment in determining repayment ability (the consumer's current employment status); (iii) the consumer's monthly payment; (iv) the consumer's monthly payment on any simultaneous loan that the creditor knows or has reason to know will be made; (v) the consumer's monthly payment for mortgage-related obligations; (vi) the consumer's current debt obligations, alimony, and child support; (vii) the consumer's monthly debt-to-income ratio or residual income; and (viii) the consumer's credit history. This portion of the Review also focuses on full recalculation of income and debts, as well as the documentation provided to support each item used in originator's determination of the ability to repay.

 

AMC reviews mortgage loans to determine their conformity with the ATR/QM factors above, and is not rendering an independent assessment or opinion, warranting or representing that a mortgage loan will be deemed to conform to Safe Harbor, Rebuttable Presumption, ATR or other status based on any additional or revised factors that may be considered by legislative, regulatory, administrative or judicial authorities ("Authorities"). AMC does not represent or warrant that the factors for which it is reviewing the mortgage loans constitute all of the factors and/or criteria that Authorities may consider in determining the status of a mortgage loan. AMC's review is based on information contained in the mortgage loan file at the time it is provided to AMC to review, and only reflects information as of that point in time.

**(V) The Equal Credit Opportunity Act, as implemented by Regulation B, 12 C.F.R. Part 1002, as set forth below:**

&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Providing Appraisals and Other Valuations (12 C.F.R. 1002.14):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) timing and content of the right to receive copy of appraisal
disclosure;

ii) charging of a fee for a copy of the appraisal or other written valuation;

iii) timing of creditor providing a copy of each appraisal or other written valuation; and

iv) with respect to a borrower that has waived the three (3) business day disclosure requirement, confirm that (a) the borrower has signed the waiver or other acknowledgment at least three (3) business days prior to consummation; and (b) that the lender has provided copies of appraisals and other written valuations at or prior to consummation.

**(VI) Fannie Mae points and fees limitations and HOEPA restrictions as addressed in Fannie Mae Announcement 04-06, as amended by Lender Letters LL-2013-05 and LL-2013-06 and Selling Guide Announcement SEL-2013-06;** 

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**(VII) The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution and associated regulations;**

**(VIII) The disclosure requirements and prohibitions of state, county and municipal laws and ordinances with respect to "high-cost" mortgage loans, "covered" mortgage loans, "higher-priced" mortgage loans, "home" mortgage loans or any other similarly designated mortgage loan as defined under such authorities, or subject to any other laws that were enacted to combat predatory lending, as may have been amended from time to time;**

**(IX) Federal and state specific late charge and prepayment penalty provisions.**

**(X) Recording Review**

AMC noted the presence of recorded documents, when available. However, the majority of mortgage loans in the review population were new production and have only been closed for days or weeks at the time AMC reviewed the mortgage loans and thus have not yet been recorded. AMC verified that documents in the mortgage loan file (most typically closing instructions) included lender instructions for recording, and as applicable, the date the documents were sent for recording, and/or the date that the documents will be recorded.

As part of the portion of the Review described in this section, AMC will analyze and capture data from the source documents identified in the Document Review below, as applicable.

**(XI) FIRREA Review**

AMC confirmed that the appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA. Specifically, AMC reviewed the appraisal for conformity to industry standards, including ensuring the appraisal was complete, that the comparable properties and adjustments were reasonable and that pictures were provided and were accurate.

In addition, AMC accessed the ASC database to verify that the appraiser, and if applicable the appraiser's supervisor, were licensed and in good standing at the time the appraisal was completed.

**(XII) Document Review**

AMC reviewed each mortgage loan file and verified if the following documents, if applicable, were included in the file and if the data on these documents was consistent (where applicable):

&nbsp;&nbsp;&nbsp;&nbsp;▪ Initial
 application (1003);

&nbsp;&nbsp;&nbsp;&nbsp;▪ Underwriting
 summary / loan approval (1008);

&nbsp;&nbsp;&nbsp;&nbsp;▪ Credit
 report;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Income
 and employment documentation;

&nbsp;&nbsp;&nbsp;&nbsp;▪ 4506T;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Asset
 documentation;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Sales
 contract;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Hazard
 and/or flood insurance policies;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Copy
 of note for any junior liens;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Appraisal;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Title/Preliminary
 Title;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Final
 1003;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Changed
 circumstance documentation;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Right
 of Rescission Disclosure;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Mortgage/Deed
 of Trust;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Note;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Mortgage
 Insurance;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Tangible
 Net Benefit Disclosure;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Subordination
 Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;▪ FACTA
 disclosures;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Notice
 of Special Flood Hazards;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Initial
 and final GFE's;

&nbsp;&nbsp;&nbsp;&nbsp;▪ HUD
 from sale of previous residence;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Final
 HUD-1;

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&nbsp;&nbsp;&nbsp;&nbsp;▪ Initial
 TIL;

▪ Final
 TIL;

▪ Loan
 Estimates;

▪ Closing
 Disclosures; and

▪ Certain
 other disclosures related to the enumerated tests set forth herein.

**(8) Other: review and methodology.**

The final review results reflected in the Overall Review Results Summary herein may include additional exceptions identified after AMC's initial review was completed where loan level issues were identified by external parties as a result of separate, distinct quality control evaluation of the loan files. In such cases, any additional exceptions cited by any such quality control evaluation would either be reflected (i) as an open exception or (ii) remediated if required documentation and/or curative actions were provided to AMC. The exception totals reflected herein, and corresponding Exception Rating, include exceptions that were so subsequently identified, if any. Please note that only a limited number of loans, if any, reflected in the Review Results Summary were subject to such external quality control evaluations.

**(9) Disclaimer.**

Except as expressly enumerated above, please be advised that SitusAMC has not performed any review to determine whether the mortgage loans covered in this Report complied with federal, state or local laws, constitutional provisions, regulations, ordinances or any other laws or guidance, including, without limitation, licensing and general usury laws ("Applicable Law"). Further, there can be no assurances that in performing the review and preparing this Report that SitusAMC has uncovered all relevant factors and potential issues relating to the origination of the mortgage loans, their compliance with Applicable Law, or the original appraisals relating to the mortgaged properties, or that SitusAMC has uncovered all relevant factors that could affect the future performance of the mortgage loans. Please note that the results set forth in this Report are dependent upon receipt of complete and accurate data regarding the mortgage loans from mortgage loan originators, sponsors, issuers, underwriters, and other third parties upon which SitusAMC is relying in reaching such results. Except as expressly stated herein, SitusAMC did not verify the data relied upon in performing its review and producing this Report. In addition, the findings and conclusions set forth in this Report are provided on an "as is" basis and are based on available information and Applicable Law as of the date of this Report, and SitusAMC does not undertake any obligation to update or provide any revisions to this Report to reflect events, circumstances, changes in Applicable Law, or changes in expectations after the date this Report was issued.

Please be further advised that SitusAMC does not employ personnel who are licensed to practice law in the various jurisdictions covered in this Report, and the results set forth in this Report do not constitute legal advice or legal opinions whatsoever. The findings are recommendations or conclusions based on information provided to SitusAMC, and are not statements of fact or legal conclusions. Information contained in the Report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the Report based on certain factors, including the facts and circumstances of an individual mortgage loan. The authorities administering the Applicable Law that was part of the review have broad discretionary powers which may permit such authorities, among other things, to withdraw exemptions accorded by statute or regulation, to impose additional requirements or to reach a conclusion that is not consistent with the results set forth in the Report. All decisions as to whether to issue, purchase, hold, sell or otherwise transact in securities backed by the mortgage loans reviewed in this Report, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such securities, shall be made solely by the parties to or investors in the transaction. The results set forth in this Report do not constitute tax or investment advice. The scoring models in this Report are designed to identify potential risk in the securities backed by the mortgage loans reviewed, and each party or investor assumes sole responsibility for determining the suitability of the information for its particular use. SitusAMC does not make any representation or warranty (express or implied) as to the value of any mortgage loan or mortgage loan's collateral that has been reviewed by SitusAMC.

**SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW** 

The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the NRSROs listed in the Form ABS Due Diligence-15E.

**OVERALL REVIEW RESULTS SUMMARY**

Of the twenty-nine (29) loans reviewed, all twenty-nine (29) loans reviewed loans (100.00%) received an Overall "A" or "B" grade.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Kroll Overall Loan Grades** | &nbsp;&nbsp;**Kroll Overall Loan Grades** | &nbsp;&nbsp;**Kroll Overall Loan Grades** |
| &nbsp;&nbsp;**Final Loan Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;25 | &nbsp;&nbsp;86.21% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;4 | &nbsp;&nbsp;13.79% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Standard and Poor's Overall Loan Grades** | &nbsp;&nbsp;**Standard and Poor's Overall Loan Grades** | &nbsp;&nbsp;**Standard and Poor's Overall Loan Grades** |
| &nbsp;&nbsp;**Final Loan Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;24 | &nbsp;&nbsp;82.76% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;5 | &nbsp;&nbsp;17.24% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** |

---

**COMPLIANCE RESULTS SUMMARY**

Note the twenty-eight (28) Leases were not assigned a Compliance grade. Of the remaining one (1) loan reviewed for compliance, one (1) loan (100.00%) subjected to a compliance review received a "A" Compliance grade.

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Compliance Loan Grades** | &nbsp;&nbsp;**Compliance Loan Grades** | &nbsp;&nbsp;**Compliance Loan Grades** | &nbsp;&nbsp;**Compliance Loan Grades** |
| &nbsp;&nbsp;**Final Loan Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**% of Compliance<br> Review<br> Population** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;1 | &nbsp;&nbsp;3.45% | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Compliance Not Run | &nbsp;&nbsp;28 | &nbsp;&nbsp;96.55% | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**100.00%** |

---

**CREDIT RESULTS SUMMARY**

All twenty-nine (29) loans reviewed received an "A" or "B" Credit grade, and twenty-five (25) or 86.21% received an "A" Credit grade.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Credit Loan Grades** | &nbsp;&nbsp;**Credit Loan Grades** | &nbsp;&nbsp;**Credit Loan Grades** |
| &nbsp;&nbsp;**Final Loan Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;25 | &nbsp;&nbsp;86.21% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;4 | &nbsp;&nbsp;13.79% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** |

---

13 \| P a g e

![](ex99-01_001.jpg)

**PROPERTY/VALUATION RESULTS SUMMARY**

Of the twenty-nine (29) loans reviewed, all twenty-nine (29) loans (100%) received an "A" or "B" Property grade.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Kroll Property Loan Grades** | &nbsp;&nbsp;**Kroll Property Loan Grades** | &nbsp;&nbsp;**Kroll Property Loan Grades** |
| &nbsp;&nbsp;**Final Loan Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;29 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Standard and Poor's Property Loan Grades** | &nbsp;&nbsp;**Standard and Poor's Property Loan Grades** | &nbsp;&nbsp;**Standard and Poor's Property Loan Grades** |
| &nbsp;&nbsp;**Final Loan Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;28 | &nbsp;&nbsp;96.55% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;1 | &nbsp;&nbsp;3.45% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** |

---

**TAPE INTEGRITY REVIEW RESULTS SUMMARY** 

Of the twenty-nine (29) Loans reviewed, there were fifty-three (53) different tape discrepancies across ten (10) data fields (some Loans had more than one data delta). The most variances were found on Note Date and Borrower Last Name. Investor: Qualifying Total Debt Ratio variances that were less than or equal to 300 basis points of absolute value are not included in the population below.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Field Label** | &nbsp;&nbsp;**Loans With<br> Discrepancy** | &nbsp;&nbsp;**Total Times<br> Compared** | &nbsp;&nbsp;**%<br> Variance** | &nbsp;&nbsp;**# Of<br> Loans** |
| &nbsp;&nbsp;# of Units | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Amortization Term | &nbsp;&nbsp;0 | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;0 | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Borrower First Name | &nbsp;&nbsp;2 | &nbsp;&nbsp;4 | &nbsp;&nbsp;50.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Borrower Last Name | &nbsp;&nbsp;18 | &nbsp;&nbsp;29 | &nbsp;&nbsp;62.07% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Borrower SSN | &nbsp;&nbsp;1 | &nbsp;&nbsp;3 | &nbsp;&nbsp;33.33% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;City | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Contract Sales Price | &nbsp;&nbsp;3 | &nbsp;&nbsp;28 | &nbsp;&nbsp;10.71% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Has FTHB | &nbsp;&nbsp;0 | &nbsp;&nbsp;3 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Investor: Qualifying Total Debt Ratio | &nbsp;&nbsp;1 | &nbsp;&nbsp;3 | &nbsp;&nbsp;33.33% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;0 | &nbsp;&nbsp;4 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;LTV Valuation Value | &nbsp;&nbsp;1 | &nbsp;&nbsp;28 | &nbsp;&nbsp;3.57% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;0 | &nbsp;&nbsp;26 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Mortgage Type | &nbsp;&nbsp;2 | &nbsp;&nbsp;3 | &nbsp;&nbsp;66.67% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Note Date | &nbsp;&nbsp;20 | &nbsp;&nbsp;25 | &nbsp;&nbsp;80.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Original CLTV | &nbsp;&nbsp;0 | &nbsp;&nbsp;3 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Original Interest Rate | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Original Loan Amount | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |

---

14 \| P a g e

![](ex99-01_001.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Original LTV | &nbsp;&nbsp;0 | &nbsp;&nbsp;4 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Original P&I | &nbsp;&nbsp;0 | &nbsp;&nbsp;26 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Original Term | &nbsp;&nbsp;0 | &nbsp;&nbsp;28 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Originator Application Date | &nbsp;&nbsp;0 | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Purpose | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Refi Purpose | &nbsp;&nbsp;0 | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Representative FICO | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;State | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Street | &nbsp;&nbsp;1 | &nbsp;&nbsp;29 | &nbsp;&nbsp;3.45% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Subject Debt Service Coverage Ratio | &nbsp;&nbsp;4 | &nbsp;&nbsp;27 | &nbsp;&nbsp;14.81% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;Zip | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**621** | &nbsp;&nbsp;**8.53%** | &nbsp;&nbsp;**29** |

---

**ADDITIONAL LOAN POPULATION SUMMARY (some totals may not add due to rounding)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Amortization Type** | &nbsp;&nbsp;**Loan<br> Count** | &nbsp;&nbsp;**Loan<br> Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of<br> Balance** |
| &nbsp;&nbsp;Fixed | &nbsp;&nbsp;29 | &nbsp;&nbsp;29 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$13457184.00 | &nbsp;&nbsp;$13457184.00 | &nbsp;&nbsp;$13457184.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Lien Position** | &nbsp;&nbsp;<br> **Loan Count** | &nbsp;&nbsp;<br> **Loan Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of<br> Balance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;29 | &nbsp;&nbsp;29 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$13457184.00 | &nbsp;&nbsp;$13457184.00 | &nbsp;&nbsp;$13457184.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Loan Purpose** | &nbsp;&nbsp;**Loan<br> Count** | &nbsp;&nbsp;**Loan<br> Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of<br> Balance** |
| &nbsp;&nbsp;Cash Out: Other/Multi-purpose/Unknown Purpose | &nbsp;&nbsp;12 | &nbsp;&nbsp;12 | &nbsp;&nbsp;41.38% | &nbsp;&nbsp;41.38% | &nbsp;&nbsp;$6533034.00 | &nbsp;&nbsp;$6533034.00 | &nbsp;&nbsp;$6533034.00 | &nbsp;&nbsp;48.55% |
| &nbsp;&nbsp;First Time Home Purchase | &nbsp;&nbsp;1 | &nbsp;&nbsp;1 | &nbsp;&nbsp;3.45% | &nbsp;&nbsp;3.45% | &nbsp;&nbsp;$302400.00 | &nbsp;&nbsp;$302400.00 | &nbsp;&nbsp;$302400.00 | &nbsp;&nbsp;2.25% |
| &nbsp;&nbsp;Other-than-first-time Home Purchase | &nbsp;&nbsp;10 | &nbsp;&nbsp;10 | &nbsp;&nbsp;34.48% | &nbsp;&nbsp;34.48% | &nbsp;&nbsp;$3824950.00 | &nbsp;&nbsp;$3824950.00 | &nbsp;&nbsp;$3824950.00 | &nbsp;&nbsp;28.42% |
| &nbsp;&nbsp;Rate/Term Refinance - Borrower Initiated | &nbsp;&nbsp;6 | &nbsp;&nbsp;6 | &nbsp;&nbsp;20.69% | &nbsp;&nbsp;20.69% | &nbsp;&nbsp;$2796800.00 | &nbsp;&nbsp;$2796800.00 | &nbsp;&nbsp;$2796800.00 | &nbsp;&nbsp;20.78% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Original Term** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of Balance** |
| &nbsp;&nbsp;241-360 Months | &nbsp;&nbsp;29 | &nbsp;&nbsp;29 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$13457184.00 | &nbsp;&nbsp;$13457184.00 | &nbsp;&nbsp;$13457184.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Property Type** | &nbsp;&nbsp;**Property Type** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of Balance** | &nbsp;&nbsp;**% of Balance** |
| &nbsp;&nbsp;Single Family Detached | &nbsp;&nbsp;Single Family Detached | &nbsp;&nbsp;15 | &nbsp;&nbsp;15 | &nbsp;&nbsp;51.72% | &nbsp;&nbsp;51.72% | &nbsp;&nbsp;$6331500.00 | &nbsp;&nbsp;47.05% | &nbsp;&nbsp;47.05% |
| &nbsp;&nbsp;Condo, Low Rise | &nbsp;&nbsp;Condo, Low Rise | &nbsp;&nbsp;1 | &nbsp;&nbsp;1 | &nbsp;&nbsp;3.45% | &nbsp;&nbsp;3.45% | &nbsp;&nbsp;$742000.00 | &nbsp;&nbsp;5.51% | &nbsp;&nbsp;5.51% |
| &nbsp;&nbsp;Condo, High Rise | &nbsp;&nbsp;Condo, High Rise | &nbsp;&nbsp;5 | &nbsp;&nbsp;5 | &nbsp;&nbsp;17.24% | &nbsp;&nbsp;17.24% | &nbsp;&nbsp;$2988250.00 | &nbsp;&nbsp;22.21% | &nbsp;&nbsp;22.21% |
| &nbsp;&nbsp;PUD | &nbsp;&nbsp;PUD | &nbsp;&nbsp;5 | &nbsp;&nbsp;5 | &nbsp;&nbsp;17.24% | &nbsp;&nbsp;17.24% | &nbsp;&nbsp;$1679934.00 | &nbsp;&nbsp;12.48% | &nbsp;&nbsp;12.48% |
| &nbsp;&nbsp;2 Family | &nbsp;&nbsp;2 Family | &nbsp;&nbsp;2 | &nbsp;&nbsp;2 | &nbsp;&nbsp;6.90% | &nbsp;&nbsp;6.90% | &nbsp;&nbsp;$1288000.00 | &nbsp;&nbsp;9.57% | &nbsp;&nbsp;9.57% |
| &nbsp;&nbsp;3 Family | &nbsp;&nbsp;3 Family | &nbsp;&nbsp;1 | &nbsp;&nbsp;1 | &nbsp;&nbsp;3.45% | &nbsp;&nbsp;3.45% | &nbsp;&nbsp;$427500.00 | &nbsp;&nbsp;3.18% | &nbsp;&nbsp;3.18% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**100.00%** |

---

15 \| P a g e

![](ex99-01_001.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**Loan<br> Count** | &nbsp;&nbsp;**% of<br> Loans** | &nbsp;&nbsp;**Original<br> Balance** | &nbsp;&nbsp;**% of<br> Balance** |
| &nbsp;&nbsp;Primary | &nbsp;&nbsp;1 | &nbsp;&nbsp;3.45% | &nbsp;&nbsp;$1440000.00 | &nbsp;&nbsp;10.70% |
| &nbsp;&nbsp;Investment | &nbsp;&nbsp;28 | &nbsp;&nbsp;96.55% | &nbsp;&nbsp;$12017184.00 | &nbsp;&nbsp;89.30% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**29** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$13457184.00** | &nbsp;&nbsp;**100.00%** |

---

16 \| P a g e

## Exhibit 99.1

**Exhibit 99.1 Schedule 1**

---

| |
|:---|
| ![](ex99-1sch1_001.jpg) |
| **Data Compare (Non-Ignored)** |
| **Run Date - 4/9/2026 12:35:27 PM** |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** |
| 225051709 |  |  |  |  | Mortgage Type | Conventional with MI | Conventional without MI |
| 225051714 |  |  |  |  | Borrower First Name | REDACTED | REDACTED |
| 225051714 |  |  |  |  | Street | REDACTED | REDACTED |
| 225051714 |  |  |  |  | Investor: Qualifying Total Debt Ratio | 0 |  |
| 225051714 |  |  |  |  | Mortgage Type | Conventional with MI | Conventional without MI |
| 225051714 |  |  |  |  | Borrower SSN | REDACTED | REDACTED |
| 225051714 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225051715 |  |  |  |  | Subject Debt Service Coverage Ratio | 1.25 | 1.31 |
| 225453719 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453719 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453720 |  |  |  |  | Subject Debt Service Coverage Ratio | 0.77 | 0.78 |
| 225453720 |  |  |  |  | LTV Valuation Value | XXXX | XXXX |
| 225453720 |  |  |  |  | Contract Sales Price | REDACTED | REDACTED |
| 225453720 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453720 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453721 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453722 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453722 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453723 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453723 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453724 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453724 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453725 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453725 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453726 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453726 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453726 |  |  |  |  | Contract Sales Price | REDACTED | REDACTED |
| 225453727 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453728 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453729 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453729 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453730 |  |  |  |  | Subject Debt Service Coverage Ratio | 0.76 | 0.77 |
| 225453731 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453733 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453733 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453734 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453734 |  |  |  |  | Subject Debt Service Coverage Ratio | 1.26 | 1.12 |
| 225453734 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453735 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453736 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453737 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453738 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453738 |  |  |  |  | Borrower First Name | REDACTED | REDACTED |
| 225453739 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453739 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453740 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453741 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453742 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453742 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453743 |  |  |  |  | Note Date | REDACTED | REDACTED |
| 225453743 |  |  |  |  | Contract Sales Price | REDACTED | REDACTED |
| 225453744 |  |  |  |  | Borrower Last Name | REDACTED | REDACTED |
| 225453744 |  |  |  |  | Note Date | REDACTED | REDACTED |

---

## Exhibit 99.1

**Exhibit 99.1 Schedule 2**

---

| |
|:---|
| ![](ex99-1sch2_001.jpg) |
| **Exception Grades** |
| **Run Date - 4/9/2026 12:34:59 PM** |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SitusAMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Loan Exception ID** | **Exception Date** | **Exception Type** | **Exception Category** | **Exception Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception Information** | **Compensating Factors** | **Compensating Factor Information** | **Applying Party** | **Follow-up Comments** | **Cleared Date** | **Cured Date** | **Waived Date** | **Exception Level Grade** | **Note Date** | **Property State** | **Occupancy** | **Purpose** | **Exception Remediation** | **Compliance<br> Initial Loan Grade** | **Compliance<br> Final Loan Grade** | **Originator QM ATR Status** | **TPR QM ATR Status** | **Is Curable** |
| 225453719 |  |  |  | 36262756 |  | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: |  | Tax liens are required to be paid at or prior to closing as required per guidelines. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700<br> Representative FICO: 787 | Originator,SitusAMC | Reviewer Comment (2026-03-27): Evidence tax lien released received in trailing docs.<br>Reviewer Comment (2026-02-09): Waived per lender exception received in trailing documents, indicating they are accepting the liens on fraud report as one in the same.<br>Buyer Comment (2026-02-05): Please find attached response to (REDACTED) findings attached. Thank you.<br>Buyer Comment (2026-02-05): Please find exception attached. Thank you.<br>Reviewer Comment (2026-02-04): There are 2 liens reflecting on the fraud report, one reflects released, the second reflects open/unpaid. The lien numbers and filing dates are not the same. Documentation provided in the file does not indicate the lien was released. It is a notice of determination indicating that the taxpayer does not want a payment plan. Lender can elect to waive if they believe the lien is one in the same; however, we are unable to clear based on documentation provided.<br>Buyer Comment (2026-02-03): Please see attached confirmation lien is released. Thank you. | 03/27/2026 |  |  | 1 B A |  | FL | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453719 |  |  |  | 36262755 |  | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. |  |  |  |  |  | Reviewer Comment (2026-03-27): Final title received | 03/27/2026 |  |  | 1 A |  | FL | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453719 |  |  |  | 36262761 |  | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title Error: Title vesting does not concur with deed |  | The property is currently vested in (REDACTED), which is not our borrowing entity of (REDACTED), and there is no deed in the file transferring ownership to our borrower. Further, the prior closing statement reflects the borrower was (REDACTED), which is also not our borrowing entity. We will need the following to clear: Evidence our guarantor has ownership interest in both (REDACTED) AND (REDACTED)(to determine chain of title and that this is a refinance) and either the deed signed at closing, transferring ownership to our borrowing entity or final title reflecting our borrowing entity is the vested owner of the subject property. |  |  |  | Reviewer Comment (2026-02-23): Final title.<br>Buyer Comment (2026-02-19): Final title policy attached. Thank you.<br>Reviewer Comment (2026-02-16): Either the warranty deed transferring ownership to our borrower or revised title commitment reflecting our borrower or final title policy reflecting our borrower will be required for review of this condition. Document provided states lender allowed loan to move forward without this documentation.<br>Reviewer Comment (2026-02-16): Cleared in error<br>Reviewer Comment (2026-02-16): Received property profile report showing owner as (REDACTED). Chain of Title shows (REDACTED) as the previous owner. Exception cleared<br>Buyer Comment (2026-02-12): Please see exception attached. Thank you.<br>Buyer Comment (2026-02-12): Property profile attached again. Thank you.<br>Buyer Comment (2026-02-12): Good morning, (REDACTED). Will you PLEASE be so kind to clear this condition above as it still reflects as open with a "3" credit grade. Thanks so much.<br>Reviewer Comment (2026-02-09): Received property profile report showing owner as (REDACTED). Chain of Title shows (REDACTED) as the previous owner. Exception cleared<br>Buyer Comment (2026-02-05): Please see property profile attached. Thank you. | 02/23/2026 |  |  | 1 A |  | FL | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453719 |  |  |  | 36262760 |  | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Delayed Financing: Documentation in file indicates an encumbrance on the property, which does not meet guideline requirements. |  | A lien is reporting on title. |  |  |  | Reviewer Comment (2026-02-23): Final title.<br>Buyer Comment (2026-02-19): Please see final title policy attached. Thank you.<br>Reviewer Comment (2026-02-16): Exception provided is not in relation to this condition. Evidence of clear title will need to be provided for review of this condition.<br>Buyer Comment (2026-02-12): Please see exception attached. Thank you.<br>Buyer Comment (2026-02-12): Underwriters' response to (REDACTED). Thank you.<br>Buyer Comment (2026-02-12): Settlement statement confirming delayed financing.<br>Reviewer Comment (2026-02-09): Property history report provided reflects a mortgage on the subject property prior to our transaction, under the transaction summary on Page 3.<br>Buyer Comment (2026-02-05): Please find property profile attached.<br>Buyer Comment (2026-02-05): Please see attached finding response attached. Thank you.<br>Reviewer Comment (2026-02-04): Title commitment provided reflects an open mortgage on the subject property. The closing statement for the initial transaction that was provided does not reflect any mortgages paid and the closing statement for the subject transaction does not reflect any mortgages being paid. Guidelines for the delayed financing program state that no mortgage financing may have been used to obtain the property and the preliminary title search must confirm there are no open/existing liens on the subject property. Evidence that there is currently no open mortgage on the subject property will be required for review of this condition.<br>Buyer Comment (2026-02-03): See attached proof lien paid off & released. Thank you.<br>Buyer Comment (2026-02-03): See attached confirmation lien is released. Thank you. | 02/23/2026 |  |  | 1 C A |  | FL | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453719 |  |  |  | 36262759 |  | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Initial Purchase) not provided |  | Provide HUD from the purchase transaction. |  |  |  | Reviewer Comment (2026-02-09): Received initial purchase HUD for subject property address. Exception cleared.<br>Buyer Comment (2026-02-05): Please see HUD-1 attached with correct property address.<br>Reviewer Comment (2026-01-30): Received Purchase HUD-1 reflects property (REDACTED) does not match with Note address. Exception remains.<br>Buyer Comment (2026-01-28): See HUD-1 from purchase attached. Thank you. | 02/09/2026 |  |  | 1 C A |  | FL | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453719 |  |  |  | 36262758 |  | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds for the Initial Purchase not provided |  | Provide source of funds for the purchase of the subject proeprty. |  |  |  | Reviewer Comment (2026-01-30): Received Source of funds for the initial purchase. Exception cleared.<br>Buyer Comment (2026-01-28): See attached. Thank you.<br>Buyer Comment (2026-01-28): See attached - deed. Thank you.<br>Buyer Comment (2026-01-28): See attached for funds to purchase. Thank you.<br>Buyer Comment (2026-01-28): See attached document. Thank you.<br>Buyer Comment (2026-01-28): See attached. | 01/30/2026 |  |  | 1 C A |  | FL | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453719 |  |  |  | 36262757 |  | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. |  | Missing the condo approval. |  |  |  | Reviewer Comment (2026-02-04): Project approval received.<br>Buyer Comment (2026-02-03): (REDACTED), PLEASE note the CPM COVERS the entire condo project NOT just one unit thus the point of a CPM. Please clear. Thank you.<br>Reviewer Comment (2026-01-30): Received Project Approval does not reflects subject property address. Exception Remains.<br>Buyer Comment (2026-01-28): Please see CPM attached. Thank you. | 02/04/2026 |  |  | 1 C A |  | FL | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453720 |  |  |  | 36262762 |  | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. |  |  |  |  |  | Reviewer Comment (2026-02-02): Received supplemental report in the amount of $(REDACTED). Exception cleared.<br>Buyer Comment (2026-01-29): Please see attached title supplement. Thank you. | 02/02/2026 |  |  | 1 B A |  | CA | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453720 |  |  |  | 36262764 |  | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | Missing final closing statement. |  |  |  | Reviewer Comment (2026-02-02): Received certified copy of settlement statement. Exception cleared.<br>Buyer Comment (2026-01-30): See final HUD-1 attached. Thank you. | 02/02/2026 |  |  | 1 C A |  | CA | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453721 |  |  |  | 36262766 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. |  |  |  |  |  | Reviewer Comment (2026-02-06): Received Certificate of Non-Owner Occupancy showing borrower at a different address. Exception cleared.<br>Buyer Comment (2026-02-04): Non-Owner | 02/06/2026 |  |  | 1 C A |  | NV | Investment | Purchase | C A |  | A |  | N/A | No |
| 225453724 |  |  |  | 36262770 |  | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 |  | Estimated provided |  |  |  | Reviewer Comment (2026-02-10): Provided final closing statement. Exception cleared.<br>Buyer Comment (2026-02-06): Final HUD-1 attached. | 02/10/2026 |  |  | 1 D A |  | CA | Investment | Refinance - Cash-out - Other | D A |  | A |  | N/A | No |
| 225453725 |  |  |  | 36262773 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. |  | Certificate of Non-Owner Occupied disclosure does not show the borrower's principle address. |  |  |  | Reviewer Comment (2026-02-10): Received Non-Owner occupancy certificate with address. Exception Cleared.<br>Buyer Comment (2026-02-06): See attached. | 02/10/2026 |  |  | 1 C A |  | PA | Investment | Purchase | C A |  | A |  | N/A | No |
| 225453726 |  |  |  | 36262774 |  | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal |  | Effective date of primary appraisal does not match with secondary appraisal. Provide all the primary and secondary appraisals which were ordered. |  |  |  | Reviewer Comment (2026-02-23): Received Secondary Valuation. Exception Cleared.<br>Buyer Comment (2026-02-19): CDA | 02/23/2026 |  |  | 1 C A |  | FL | Investment | Refinance - Cash-out - Other | C A |  | C A |  | N/A | No |
| 225453727 |  |  |  | 36262777 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. |  | Unable to confirm 2 months receipt of rent in order to use the higher lease amount. |  |  |  | Reviewer Comment (2026-02-11): Received two months' rent receipts to use higher rent amount. Exception cleared.<br>Buyer Comment (2026-02-09): rent deposits | 02/11/2026 |  |  | 1 C A |  | FL | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453730 |  |  |  | 36262781 |  | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 |  | Estimate provided. Missing final, executed HUD. |  |  |  | Reviewer Comment (2026-02-12): Received final closing statement. Exception cleared.<br>Buyer Comment (2026-02-10): Final HUD-1 to attached. Thank you. | 02/12/2026 |  |  | 1 D A |  | CA | Investment | Purchase | D A |  | A |  | N/A | No |
| 225453731 |  |  |  | 36262783 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide a 1007 that lists the property address on it. |  |  |  | Reviewer Comment (2026-02-11): Received complete comparable rent schedule. Exception cleared.<br>Buyer Comment (2026-02-09): Please see attached appraisers short term rental analysis. Thank you. | 02/11/2026 |  |  | 1 C A |  | FL | Investment | Purchase | C A |  | A |  | N/A | No |
| 225453733 |  |  |  | 36262786 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  | Provide the original Articles of Organization. Amended copy provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 17.50<br> Guideline Requirement: 0.00<br>Guidelines Representative FICO: 700<br> Representative FICO: 742 | Originator,SitusAMC<br>Originator,SitusAMC | Reviewer Comment (2026-02-19): Waived with compensating factors per lender exception approval received in trailing docs.<br>Buyer Comment (2026-02-19): Please see attached exception. Thank you.<br>Buyer Comment (2026-02-18): Please accept in place of operating agreement. Thank you.<br>Reviewer Comment (2026-02-11): Require Articles of Organization, provided is operating agreement. Exception remains.<br>Buyer Comment (2026-02-09): Please see company agreement attached. |  |  | 02/19/2026 | 2 C B |  | TX | Investment | Purchase | C B |  | A |  | N/A | No |
| 225453736 |  |  |  | 36262789 |  | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | File is missing final signed and dated HUD-1/Settlement statement with correct property address. |  |  |  | Reviewer Comment (2026-03-05): Received Final Closing Statement. Exception Cleared.<br>Buyer Comment (2026-03-03): Please see HUD-1 with correct subject property address. Thank you.<br>Reviewer Comment (2026-02-20): HUD provided reflects property address as (REDACTED) and subject property address is (REDACTED). Exception remains.<br>Buyer Comment (2026-02-18): Please find HUD-1 attached. | 03/05/2026 |  |  | 1 C A |  | NY | Investment | Refinance - Rate/Term | D B |  | A |  | N/A | No |
| 225453736 |  |  |  | 36262790 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | File is missing cancelled checks/bank statements from prior private mortgage on primary residence to complete 12 month payment history. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Debt Service Coverage Ratio: 1.61<br> Guideline Requirement: 1.00<br>Guidelines Representative FICO: 620<br> Representative FICO: 765 | Originator,SitusAMC<br>Originator,SitusAMC | Reviewer Comment (2026-03-06): Waived with compensating factors per lender exception approval received in trailing docs.<br>Buyer Comment (2026-03-04): Please see attached exception. Thank you.<br>Reviewer Comment (2026-02-24): Received cancelled checks covering a four-month period from (REDACTED) through (REDACTED). The file is missing the complete 12-month payment history. Exception Remains.<br>Buyer Comment (2026-02-20): Please find cancelled checks attached. Thank you. |  |  | 03/06/2026 | 2 C B D |  | NY | Investment | Refinance - Rate/Term | D B |  | A |  | N/A | No |
| 225453737 |  |  |  | 36262792 |  | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | Missing OFAC for business entity. |  |  |  | Reviewer Comment (2026-02-13): Received clear OFAC search for business entity. Exception cleared.<br>Buyer Comment (2026-02-11): Clear OFAC for LLC. attached. Thank you. | 02/13/2026 |  |  | 1 C A |  | TX | Investment | Refinance - Cash-out - Other | C B |  | A |  | N/A | No |
| 225453737 |  |  |  | 36262793 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Missing UW discretion for borrower living rent free. |  |  |  | Reviewer Comment (2026-02-13): Received UW discretion for borrower living rent free. Exception cleared.<br>Buyer Comment (2026-02-11): 1008 with rent free commentary attached. Thank you. | 02/13/2026 |  |  | 1 C A |  | TX | Investment | Refinance - Cash-out - Other | C B |  | A |  | N/A | No |
| 225453737 |  |  |  | 36262794 |  | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: |  | Provide verification that the (REDACTED) lien is not the borrowers. Letter states he has never resided in (REDACTED) but documents in the file confirm he has lived in (REDACTED) | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | SitusAMC<br>SitusAMC | Reviewer Comment (2026-02-16): Waived per lender exception received.<br>Buyer Comment (2026-02-12): Please find exception attached. |  |  | 04/03/2026 | 2 B |  | TX | Investment | Refinance - Cash-out - Other | C B |  | A |  | N/A | No |
| 225453738 |  |  |  | 36262796 |  | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 |  | Provide the final Closing Statement fully executed by the all parties or stamped true and certified. Copy provided is not signed by all parties. |  |  |  | Reviewer Comment (2026-02-13): Received final closing statement. Exception cleared.<br>Buyer Comment (2026-02-11): Please find final HUD-1 attached. Thank you. | 02/13/2026 |  |  | 1 D A |  | TX | Investment | Refinance - Cash-out - Other | D A |  | A |  | N/A | No |
| 225453739 |  |  |  | 36262798 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. |  | The Non-Owner Occupancy Declaration is incomplete as Section 4A is missing the principal residence address. |  |  |  | Reviewer Comment (2026-02-17): Received Non-Owner Occupancy Declaration with Section 4A is reflecting the principal residence address. Exception Cleared.<br>Buyer Comment (2026-02-13): Non-Owner | 02/17/2026 |  |  | 1 C A |  | FL | Investment | Refinance - Rate/Term | C A |  | A |  | N/A | No |
| 225453740 |  |  |  | 36262800 |  | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 |  | Estimated provided |  |  |  | Reviewer Comment (2026-02-16): Received final closing statement. Exception cleared.<br>Buyer Comment (2026-02-13): Please see HUD-1 attached. Thank you.<br>Buyer Comment (2026-02-13): Please see exception attached. Thank you.<br>Buyer Comment (2026-02-12): HUD-1 attached. Thank you. | 02/16/2026 |  |  | 1 D A |  | AZ | Investment | Refinance - Cash-out - Other | D A |  | A |  | N/A | No |
| 225453741 |  |  |  | 36262801 |  | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided |  | Comparable Rent Schedule missing in file. |  |  |  | Reviewer Comment (2026-02-17): Provided short term rental analysis. Exception cleared.<br>Buyer Comment (2026-02-13): comp rent schedule short term | 02/17/2026 |  |  | 1 C A |  | SC | Investment | Refinance - Cash-out - Other | C A |  | A |  | N/A | No |
| 225453741 |  |  |  | 36262803 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. |  | The Non-Owner Occupancy Declaration is incomplete as Section 4A is missing the principal residence address. |  |  |  | Reviewer Comment (2026-02-17): Provided Non-Owner Occupancy Declaration with primary residence address. Exception cleared.<br>Buyer Comment (2026-02-13): Non-Owner | 02/17/2026 |  |  | 1 C A |  | SC | Investment | Refinance - Cash-out - Other | C A |  | A |  | N/A | No |
| 225453742 |  |  |  | 36262805 |  | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. |  | Provide OFAC for the borrowing entity. |  |  |  | Reviewer Comment (2026-02-19): Received clear OFAC search for business entity. Exception cleared.<br>Buyer Comment (2026-02-17): ofac search | 02/19/2026 |  |  | 1 C A |  | CO | Investment | Refinance - Rate/Term | D A |  | A |  | N/A | No |
| 225453742 |  |  |  | 36262806 |  | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 |  | Provide the final Closing Statement fully executed by the all parties or stamped true and certified. Copy provided is not signed by all parties. |  |  |  | Reviewer Comment (2026-02-19): Received final closing statement signed by all parties. Exception cleared.<br>Buyer Comment (2026-02-17): Final SS | 02/19/2026 |  |  | 1 D A |  | CO | Investment | Refinance - Rate/Term | D A |  | A |  | N/A | No |
| 225453743 |  |  |  | 36262808 |  | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: ___; Lien Position: ___ |  | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 111.93<br> Guideline Requirement: 0.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 743 | SitusAMC<br>SitusAMC | Reviewer Comment (2026-02-13): Waived at client request.<br>Buyer Comment (2026-02-11): Thank you, (REDACTED). Please waive due to the following compensating factors: Borrowers fico is 40+ points higher than the product/program require. Borrowers ltv is low @ 54%. Borrower is an XXXX. Thanks again.<br>Reviewer Comment (2026-02-05): Condition is not asking for field review. File contains a desk review that does not support the appraised value. This is an EV2 condition that client can elect to waive.<br>Buyer Comment (2026-02-03): Please find attached Appraisal comments attached. Thank you.<br>Buyer Comment (2026-02-03): Please find field review attached that supports the (REDACTED) value. Thank you. |  |  | 02/13/2026 | 2 A B |  | NY | Investment | Refinance - Cash-out - Other | B A |  | B |  | N/A | No |
| 225453744 |  |  |  | 36262810 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing not provided in this loan file |  |  |  | Reviewer Comment (2026-02-05): Evidence of good standing not required for LLCs formed within the last 12 months. Exception Cleared.<br>Buyer Comment (2026-02-03): Please note a Cert of Good Standing is not required on a business in existence less than 12mths. | 02/05/2026 |  |  | 1 C A |  | NJ | Investment | Purchase | C B |  | A |  | N/A | No |
| 225453744 |  |  |  | 36262812 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. |  |  |  |  |  | Reviewer Comment (2026-02-05): Received Non-Owner Occupancy Declaration with Section 4A is reflecting the principal residence address. Exception Cleared.<br>Buyer Comment (2026-02-03): See form completed section 4A with Borrowers primary address. Thank you. | 02/05/2026 |  |  | 1 C A |  | NJ | Investment | Purchase | C B |  | A |  | N/A | No |
| 225453744 |  |  |  | 36262813 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide UW Discretion for borrower living rent free with non spouse. |  |  |  | Reviewer Comment (2026-02-05): Received UW discretion in the file for borrower living rent free with someone. Exception Cleared<br>Buyer Comment (2026-02-03): 1008 W/UW comments. Thank you. | 02/05/2026 |  |  | 1 C A |  | NJ | Investment | Purchase | C B |  | A |  | N/A | No |
| 225453744 |  |  |  | 36262814 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided |  | Provide fully executed Bylaws. Copy provided is not signed. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. | Reserves: 18.71<br> Guideline Requirement: 0.00 | Originator,SitusAMC<br>SitusAMC | Reviewer Comment (2026-02-17): Waived with compensating factors per lender approved exception received post-consummation.<br>Buyer Comment (2026-02-13): Please see exception attached. Thank you.<br>Reviewer Comment (2026-02-05): Provide fully executed Bylaws. Copy provided is not signed. Exception remains.<br>Buyer Comment (2026-02-03): See By-Laws attached. Thank you. |  |  | 02/17/2026 | 2 C B |  | NJ | Investment | Purchase | C B |  | A |  | N/A | No |

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## Exhibit 99.1

**Exhibit 99.1 Schedule 3**

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| ![](ex99-1sch3_001.jpg) |
| **Rating Agency Grades** |
| **Run Date - 4/9/2026 12:34:59 PM** |

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| **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **DBRS** | **Fitch** | **Kroll** | **Moody's** | **S&P** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **DBRS** | **Fitch** | **Kroll** | **Moody's** | **S&P** | **Morningstar** | **Morningstar** | **Morningstar** |
| 225051709 |  |  |  |  | A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| 225051714 |  |  |  |  | A |  |  |  |  |  |  | A | A | A |  |  |  |  |  |  | A | A |  |
| 225051715 |  |  |  |  | A |  |  |  |  |  |  | A | A | A |  |  |  |  |  |  | A | A |  |
| 225453719 |  |  |  |  | C |  |  |  |  |  |  | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453720 |  |  |  |  | C |  |  |  |  |  |  | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453721 |  |  |  |  | C |  |  |  |  |  |  | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453722 |  |  |  |  | A |  |  |  |  |  |  | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453723 |  |  |  |  | A |  |  |  |  |  |  | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453724 |  |  |  |  | D |  |  |  |  |  |  | A | D | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453725 |  |  |  |  | C |  |  |  |  |  |  | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453726 |  |  |  |  | A |  |  |  |  |  |  | C | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453727 |  |  |  |  | C |  |  |  |  |  |  | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453728 |  |  |  |  | A |  |  |  |  |  |  | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453729 |  |  |  |  | A |  |  |  |  |  |  | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453730 |  |  |  |  | D |  | N/A | N/A | N/A | N/A | N/A | A | D | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453731 |  |  |  |  | C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453732 |  |  |  |  | A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453733 |  |  |  |  | C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| 225453734 |  |  |  |  | A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453735 |  |  |  |  | A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453736 |  |  |  |  | C D |  | N/A | N/A | N/A | N/A | N/A | A | C D | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| 225453737 |  |  |  |  | C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| 225453738 |  |  |  |  | D |  | N/A | N/A | N/A | N/A | N/A | A | D | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453739 |  |  |  |  | C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453740 |  |  |  |  | D |  | N/A | N/A | N/A | N/A | N/A | A | D | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453741 |  |  |  |  | C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453742 |  |  |  |  | D |  | N/A | N/A | N/A | N/A | N/A | A | D | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| 225453743 |  |  |  |  | A |  |  |  |  |  |  | A B | A B | A |  | N/A | N/A | N/A | N/A | N/A | A B | A B |  |
| 225453744 |  |  |  |  | C |  |  |  |  |  |  | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |

---

## Exhibit 99.1

**Exhibit 99.1 Schedule 4**

---

| |
|:---|
| ![](ex99-1sch4_001.jpg) |
| **Valuation Report** |
| **Run Date - 4/9/2026 12:34:59 PM** |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SitusAMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Value for LTV** | **As-Is Value for LTV** | **LTV Value Variance Amount** | **LTV Value Variance Percent** | **Primary Valuation Value** | **Primary Valuation Report Date** | **Primary Valuation Effective Date** | **Primary Valuation Type** | **Primary Valuation Company** | **Primary Valuation Appraiser Name** | **Primary Valuation Appraiser License Num** | **Primary Valuation FSD Score** | **Secondary Valuation Value** | **Secondary Valuation Variance Amount** | **Secondary Valuation Variance Percent** | **Secondary Valuation Report Date** | **Secondary Valuation Effective Date** | **Secondary Valuation Type** | **Secondary Valuation Company** | **Secondary Valuation FSD Score** | **Secondary Valuation Desk Review Risk Score** | **AVM Value** | **AVM Variance Amount** | **AVM Variance Percent** | **AVM Company** | **AVM FSD Score** | **AVM Report Date** | **Desk Review Value** | **Desk Review Variance Amount** | **Desk Review Variance Percent** | **Desk Review Company** | **Desk Review Report Date** | **Desk Review Effective Date** | **Desktop Appraisal Value** | **Desktop Appraisal Variance Amount** | **Desktop Appraisal Variance Percent** | **Desktop Appraisal Company** | **Desktop Appraisal Report Date** | **Desktop Appraisal Effective Date** | **BPO Value** | **BPO Variance Amount** | **BPO Variance Percent** | **BPO Company** | **BPO Report Date** | **Field Review Value** | **Field Review Variance Amount** | **Field Review Variance Percent** | **Field Review Company** | **Field Review Report Date** | **Field Review Effective Date** | **2055 Value** | **2055 Variance Amount** | **2055 Variance Percent** | **2055 Company** | **2055 Report Date** | **2055 Effective Date** | **AVE/CMA Value** | **AVE/CMA Variance Amount** | **AVE/CMA Variance Percent** | **AVE/CMA Company** | **AVE/CMA Report Date** | **Hybrid Valuation Value** | **Hybrid Valuation Variance Amount** | **Hybrid Valuation Variance Percent** | **Hybrid Valuation Company** | **Hybrid Valuation Report Date** | **Updated Valuation Value** | **Updated Valuation Variance Amount** | **Updated Valuation Variance Percent** | **Updated Valuation Company** | **Updated Valuation Report Date** | **Updated Valuation Effective Date** | **Aggregate Appraised Value** | **Aggregate Variance Amount** | **Aggregate Variance Percent** | **Value Analysis Valuation Value** | **Value Analysis Report Date** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **LCA Risk Score** | **Collateral Underwriter Risk Score** |
| 225051709 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 3.80 |
| 225051714 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225051715 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  |  |
| 225453719 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.70 |
| 225453720 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -9.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.50 |
| 225453721 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| 225453722 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453723 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |
| 225453724 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.80 |
| 225453725 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453726 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| 225453727 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.80 |
| 225453728 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453729 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453730 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453731 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.10 |
| 225453732 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453733 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.50 |
| 225453734 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453735 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.10 |
| 225453736 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| 225453737 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453738 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453739 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.780% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| 225453740 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| 225453741 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.20 |
| 225453742 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| 225453743 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Field Review |  |  |  |  |  |  |  |  |  |  |  | -11.290% | High |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| 225453744 |  |  |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |

---

## Exhibit 99.2

**Exhibit 99.2**

**EXECUTIVE SUMMARY**

**CLIP 2026-NQM1**

**By Clarifii LLC on April 8, 2026**

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 1

 **CLARIFII CONTACT INFORMATION** 

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Christine Aug** | &nbsp;&nbsp; **Jason Luttenberger** |
| &nbsp;&nbsp;Vice President of Due Diligence | &nbsp;&nbsp; President and Chief Operating Officer |
| &nbsp;&nbsp;Phone: 813.735.4487 | &nbsp;&nbsp; Phone: 917.742.7797 |
| &nbsp;&nbsp;E-mail: Christine.Aug@Clarifii.com | &nbsp;&nbsp; E-mail: Jason.Luttenberger@Clarifii.com |

---

**OVERVIEW**

Clarifii LLC ("Clarifii") conducted an independent third-party pre-securitization due diligence review (the "Review") of 53 loans (the "Loans") and these loans were subsequently acquired by Itasca Park LLC (the "Client") for the CLIP 2026-NQM1 transaction. The loans referenced in this narrative report were reviewed 11/2025 through 03/2026 by Clarifii. This narrative report provides information about the scope of work performed by Clarifii, and the results of Clarifii's review.

**ORIGINATORS**

Origination channels for the loans in this review:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Origination Channel** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Retail | &nbsp;&nbsp;13 | &nbsp;&nbsp;24.53% | &nbsp;&nbsp;$6762061.00 |
| &nbsp;&nbsp;Correspondent Flow with Delegated UW | &nbsp;&nbsp;1 | &nbsp;&nbsp;1.89% | &nbsp;&nbsp;$625500.00 |
| &nbsp;&nbsp;Broker | &nbsp;&nbsp;39 | &nbsp;&nbsp;73.58% | &nbsp;&nbsp;$31271089.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$38658650.00** |

---

The Review consisted of a population of 53 loans, with an aggregate principal balance of $38,658,650.00.

**CLARIFII'S THIRD PARTY REVIEW (TPR) SCOPE OF WORK**

The scope of work for this transaction consisted of credit, property valuation, and regulatory compliance reviews, plus a data integrity check, and were performed in accordance with rating agency loan level review standards in place as of the date of the review.

The Review was conducted consistent with the criteria for the specific Nationally Recognized Statistical Rating Organizations (NRSROs).

**LOAN SAMPLING**

The Client defined the sample size and requested Clarifii to perform a random sample of the Loans to be included in the Review. To Clarifii's knowledge, the Review covered 100% of the transaction loan population.

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 2

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Identity of NRSRO** | &nbsp;&nbsp;**Title and Date of Criteria** |
| &nbsp;&nbsp;S&P Global Ratings | &nbsp;&nbsp; Global Methodology And Assumptions: Assessing Pools Of Residential Loans, January 25, 2019;<br> Global Methodology And Assumptions: Assessing Pools Of Residential Loans--U.S. And Canada Supplement, February 21, 2025 |
| &nbsp;&nbsp;Kroll Bond Rating Agency, LLC | &nbsp;&nbsp;U.S. RMBS Rating Methodology, December 7, 2023 |

---

**DATA INTEGRITY**

Clarifii performed a data comparison review of the data fields provided by the Client on the loan tape to the data found in the Loan file as captured by Clarifii. This comparison, when specific data was available, included the following data fields and tolerance levels noted below.

---

| |
|:---|
| &nbsp;&nbsp;**Data Comparison Fields** |
| &nbsp;&nbsp;All Other Payments |
| &nbsp;&nbsp;Amortization Term |
| &nbsp;&nbsp;Application Date |
| &nbsp;&nbsp;Borrower 1 Birthdate |
| &nbsp;&nbsp;Borrower 1 Citizen |
| &nbsp;&nbsp;Borrower 1 First Name |
| &nbsp;&nbsp;Borrower 1 FTHB |
| &nbsp;&nbsp;Borrower 1 Last Name |
| &nbsp;&nbsp;Borrower 1 Marital Status |
| &nbsp;&nbsp;Borrower 1 Origination FICO |
| &nbsp;&nbsp;Borrower 1 Qualifying Income |
| &nbsp;&nbsp;Borrower 1 Self-Employment Flag |
| &nbsp;&nbsp;Borrower 1 SSN |
| &nbsp;&nbsp;Borrower 2 Birthdate |
| &nbsp;&nbsp;Borrower 2 Citizen |
| &nbsp;&nbsp;Borrower 2 First Name |
| &nbsp;&nbsp;Borrower 2 Last Name |
| &nbsp;&nbsp;Borrower 2 Marital Status |
| &nbsp;&nbsp;Borrower 2 Origination FICO |
| &nbsp;&nbsp;Borrower 2 Qualifying Income |
| &nbsp;&nbsp;Borrower 2 Self-Employment Flag |
| &nbsp;&nbsp;Borrower 2 SSN |
| &nbsp;&nbsp;Calculated DSCR |
| &nbsp;&nbsp;Cash out Include Debt Paid at Close |
| &nbsp;&nbsp;Cash to Close |
| &nbsp;&nbsp;External Buyer |
| &nbsp;&nbsp;External Seller |

---

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 3

---

| |
|:---|
| &nbsp;&nbsp;Final Qualifying Property Value |
| &nbsp;&nbsp;First Payment Date |
| &nbsp;&nbsp;Initial Monthly P&I Or IO Payment |
| &nbsp;&nbsp;Interested Party Contributions |
| &nbsp;&nbsp;Interest Only Flag |
| &nbsp;&nbsp;Interest Rate |
| &nbsp;&nbsp;Lien Position |
| &nbsp;&nbsp;Loan Amount |
| &nbsp;&nbsp;Loan ID |
| &nbsp;&nbsp;Loan Originator NMLS |
| &nbsp;&nbsp;Loan Purpose |
| &nbsp;&nbsp;Loan Type |
| &nbsp;&nbsp;Maturity Date |
| &nbsp;&nbsp;Monthly HOA $|
| &nbsp;&nbsp;Monthly Property Tax Amount |
| &nbsp;&nbsp;Note Date |
| &nbsp;&nbsp;Note Type |
| &nbsp;&nbsp;Number of Units |
| &nbsp;&nbsp;Occupancy |
| &nbsp;&nbsp;Prepayment Penalty Flag |
| &nbsp;&nbsp;Primary Appraisal Date |
| &nbsp;&nbsp;Primary Appraised Property Value |
| &nbsp;&nbsp;Primary Appraiser Name |
| &nbsp;&nbsp;Primary Mortgage or Rent Times 30 |
| &nbsp;&nbsp;Primary Mortgage or Rent Times 60 |
| &nbsp;&nbsp;Primary Mortgage or Rent Times 90+ |
| &nbsp;&nbsp;Property Address |
| &nbsp;&nbsp;Property City |
| &nbsp;&nbsp;Property County |
| &nbsp;&nbsp;Property Rights |
| &nbsp;&nbsp;Property State |
| &nbsp;&nbsp;Property Zip Code |
| &nbsp;&nbsp;Qualifying CLTV |
| &nbsp;&nbsp;Qualifying FICO |
| &nbsp;&nbsp;Qualifying HLTV |
| &nbsp;&nbsp;Qualifying Housing Debt Income Ratio |
| &nbsp;&nbsp;Qualifying Interest Rate |
| &nbsp;&nbsp;Qualifying LTV |
| &nbsp;&nbsp;Qualifying Total Debt Income Ratio |
| &nbsp;&nbsp;Qualifying Total Reserves Number of Months |
| &nbsp;&nbsp;Refinance Type |
| &nbsp;&nbsp;Sales Price |
| &nbsp;&nbsp;Settlement Agent City |
| &nbsp;&nbsp;Settlement Agent Name |

---

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 4

---

| |
|:---|
| &nbsp;&nbsp;Settlement Agent Phone No |
| &nbsp;&nbsp;Settlement Agent State |
| &nbsp;&nbsp;Settlement Agent Street Address |
| &nbsp;&nbsp;Settlement Agent Zip |
| &nbsp;&nbsp;Special Flood Hazard Area |
| &nbsp;&nbsp;Term |
| &nbsp;&nbsp;Total Closing Costs |
| &nbsp;&nbsp;Total Monthly Property Insurance Amount |
| &nbsp;&nbsp;Total Qualified Assets Available |
| &nbsp;&nbsp;Total Qualified Assets for Reserves Post-Close |

---

**CREDIT UNDERWRITING**

Clarifii reviewed each Loan file to determine the adherence to defined underwriting or credit extension guidelines, standards, criteria, or other requirements provided by Client, including, as applicable, Ability to Repay and Qualified Mortgage requirements. The Credit Qualification review consisted of the following:

&nbsp;&nbsp;&nbsp;&nbsp;· **Loan Attributes** 

To determine borrower program eligibility, Clarifii verified the following loan attributes and, where applicable, recalculated based on the information provided:

– Assets and Reserves

– Gross Income

– Lien Position

– Loan Purpose

– Housing History

– Loan to Value Ratio (LTV) and Combined Loan to Value Ratio (CLTV)

– Monthly Debt

– Occupancy

– Property Type

– Qualifying principal, interest, tax, insurance, and association dues (PITIA)

– Debt to Income Ratio (DTI)

– Residual Income

– Debt Service Coverage Ratio (DSCR)

&nbsp;&nbsp;&nbsp;&nbsp;· **Credit Application** 

Clarifii verified the following items per the Uniform Residential Loan Application Form 1003 (1003):

– All known borrower-owned properties are disclosed on the Real Estate Owned (REO) Section 2

– Borrower(s) employment history

– Citizenship and eligibility

– First time home buyer status

– The application was signed by all borrowers

– The application was substantially complete

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 5

&nbsp;&nbsp;&nbsp;&nbsp;· **Credit History** 

Clarifii verified the following items:

– A credit report or alternative credit history as applicable to loan type is present for each borrower

– Bankruptcy and foreclosure seasoning

– Captured the monthly consumer debt payments for use in the applicable DTI calculation

– Installment and revolving payment history

– Mortgage/Rental payment history

– Verified and reviewed Real Estate Owned, Office of Foreign Assets Control (OFAC) search, and Fraud Alerts

– Number of tradelines

– Credit Score(s) and Qualifying Score Methodology

&nbsp;&nbsp;&nbsp;&nbsp;· **Employment and Income** 

When applicable, Clarifii determined whether all supporting documentation as required by the guidelines and Ability to Repay/Qualified Mortgage Rule (ATR/QM) were complete and accurate. The documentation was used to verify whether the income used to qualify the loan was calculated in accordance with the guidelines. Documentation verified employment and income were deemed acceptable if it was a third-party document as required by the guidelines and ATR when applicable and may include:

– Tax returns

– Financial statements

Paystubs

– IRS Form W-2s

– IRS Form 1099

– IRS documents

– Bank statements

– Lease agreements

– Award letters

– Other documentation in loan file

&nbsp;&nbsp;&nbsp;&nbsp;· **Fraud Review** 

For all Loans, Clarifii utilized the results from an independent, third-party fraud tool as well as information in the loan file to identify and address any potential misrepresentations including:

– Borrower identity

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Social Security inconsistencies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Borrower name variations

– Occupancy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Borrower address history

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Subject property ownership history

– Employment

– Licensing verification with the Nationwide Multistate Licensing System & Registry (NMLS):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Mortgage lender/originator

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Loan officer

OFAC

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 6

&nbsp;&nbsp;&nbsp;&nbsp;· **Asset Review** 

Clarifii assessed whether the asset documentation required by the guidelines and ATR, when applicable, was present in the Loan file and within required timeframe. Documentation used to verify assets for down payment, closing costs, prepaid items and reserves may have included:

– Verification of deposits (VOD)

– Depository account statements

– Stock or security account statements

– Gift funds

– Settlements statements

– Other evidence of conveyance and transfer of funds if a sale of assets was involved

– Other documentation in loan file

– Asset documents were reviewed to determine any large deposits and appropriate sourcing of funds

&nbsp;&nbsp;&nbsp;&nbsp;· **Property Insurance and Taxes** 

Clarifii confirmed the presence of the insurance and tax information for the following:

– Confirmed that the flood certification is for the correct borrower, property, lender, and loan number and is a "Life of Loan" certification

– Confirmed that the mortgagee clause lists the lender's name and "its successors and assigns"

Confirmed that the premium amount on both the hazard and flood insurance match figures from the DTI calculations

For condominium properties, confirmed that the blanket policy meets the minimum amount of coverage in the guidelines

For properties in a flood zone, per the flood certification, confirmed that flood insurance meets guideline requirements in the file and met the minimum required amount of coverage in the guidelines

– Reviewed Tax Certificate to verify and compare monthly escrows used to calculate DTI matches and taxes are current

Verified that the hazard insurance meets the minimum required amount of coverage in the guidelines

&nbsp;&nbsp;&nbsp;&nbsp;· **Debt Service Coverage Ratio (DSCR)** 

– Calculated DSCR, as required by guidelines

– Confirmed documentation requirements have been met

Summed principal and interest or interest payment, along with taxes, insurance and HOA payments to arrive at monthly property expense. This summed amount is used as the denominator to the monthly lease or estimated lease income, as required by guidelines

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 7

**DOCUMENT REVIEW**

Clarifii reviewed each Loan file and verified if the following documents were included in the file and if the data on these documents was consistent (where applicable):

&nbsp;&nbsp;&nbsp;&nbsp;· **Initial and Final 1003 Application** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Note** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Mortgage/Deed of Trust** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Appraisal** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Sales Contract** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Title Commitment/Policy** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Junior Lien/Subordination Agreement** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Mortgage Insurance** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Underwriting Approval Documentation inclusive, but not limited to documents listed in the Credit Review section** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Flood Certification** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Initial and Final Loan Estimate (LE)** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Initial and Final and Closing Disclosure (CD)** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Post-Consummation Closing Disclosure (PCCD), as applicable** 

**COMPLIANCE REVIEW**

Clarifii reviewed each Loan file, when applicable, and verified that it was consummated in compliance with the applicable federal, state, and local anti-predatory lending statutes in effect at the time of origination of the mortgage loan. Compliance verification and validation that each mortgage loan met the relevant provisions of:

**Anti-** **Predatory Lending Requirements**, that are imposed by federal, state and/or local statutory, regulatory, or authoritative determinations (e.g., state constitutional provisions, ordinances, interpretations, judicial determinations, etc.) that impose civil or criminal liability upon the Assignee or may cause significant loss severity to the value of the Loan, including the Home Ownership and Equity Protection Act (HOEPA) and any state and local high-cost home loan laws. Assignee shall have the meaning as defined in the Truth in Lending Act (TILA).

**Truth in Lending Act (TILA)**, as amended by HOEPA, 15 U.S.C. §1601 et seq., as implemented by Regulation Z, 12 C.F.R. Part 1026

**Real Estate Settlement Procedures Act (RESPA)**, 12 U.S.C. §2603, as implemented by Regulation X, 12 C.F.R. Part 1024

**Equal Credit Opportunity Act (ECOA)**, 15 U.S.C. §1691, as implemented by Regulation B, 12 C.F.R. §1001.1(b)

&nbsp;&nbsp;&nbsp;&nbsp;· **Compliance Documentation Requirements** 

Clarifii reviewed the following documents as they related to regulatory compliance:

– Initial and final application (1003)

– Note, including all addendums

– Copy of note for any junior liens (if applicable)

– Mortgage / Deed of Trust, including all riders

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 8

– Initial, Interim, and Final Loan Estimates (LE)

– Initial CD (i.e., the CD required to be received by the borrower(s) at least 3 business days prior to consummation) and re-disclosed CDs (as applicable and permitted by TILA/Regulation Z)

– Notice of Right to Cancel (when applicable)

– Rate Lock Date

– HOEPA Disclosures (when applicable)

– Initial Escrow Account Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;· **Anti-Predatory Lending (Assignee Liability)** 

Loans were reviewed for violations of federal, state & local high cost, higher-priced and/or consumer finance laws and regulations that carry Assignee Liability, including those defined below. Any loan that is determined to be classified and/or defined as high cost, higher-priced, subprime, threshold, predatory high risk, covered or similar classification/definition was reported.

&nbsp;&nbsp;&nbsp;&nbsp;· **Compliance Testing of Truth-in-Lending Act (TILA)/Regulation Z Elements** 

Clarifii reverified and retested, when applicable, the following TILA and Regulation Z elements:

**TILA/RESPA Integrated Disclosure Testing (TRID)**

Reviewed and compared LEs and CDs with a report outlining any TILA violations, including a recalculation of disclosed finance charges, principal and interest calculations, proper completion of the Projected Payments table, total of payments, finance charges, amount financed, recalculation of disclosed APR and a review to determine if disclosure differences were within the allowed tolerances and disclosures were provided within the required timeframes. Testing was conducted to fulfill the elements Structured Finance Association (SFA) TRID Compliance Review Scope ("TRID Grid 3.0" v.12/05/2019).

**Right of Rescission** 

Reviewed the TILA Right of Rescission, Notice of Right to Cancel, including a verification of the transaction date and expiration date, ensured proper execution of the Notice of Right to Cancel by all required parties, verified the disbursement date and determined if a full three (3) day rescission period was provided to the borrower(s). The appropriate Model Form was tested according to applicable U.S. Court of Appeals, Circuit Court rulings.

**Qualified Mortgage and Ability to Repay**

Reviewed to ensure the mortgage loan meets the applicable Qualified Mortgage ("QM") and Ability-to-Repay ("ATR") requirements as set forth in regulations promulgated by the Consumer Financial Protection Bureau as found at 12 CFR § 1026.43.

**Real Estate Settlement Procedures Act (RESPA)/Regulation X**

Reviewed to ensure compliance with RESPA/Regulation X documentation and timing requirements in effect at origination of the mortgage loan for RESPA disclosures (Servicing Disclosure Statement; Affiliated Business Arrangement Disclosure; Initial Escrow Disclosure Statement; List of Homeownership Counselling Organizations).

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 9

**Equal Credit Opportunity Act (ECOA)/Regulation B**

Confirmed compliance with the January 18, 2014, requirements regarding the disclosure of the right to receive a copy of appraisals within three (3) business days of application, the right to receive a copy of the appraisals at least three (3) business days prior to consummation and any applicable waiver. The disclosure of the right to receive a copy of appraisals was met by the disclosure on the Loan Estimate pursuant to 12 CFR § 1026.27(m)(1).

**Fair Credit Reporting Act (FRCA)/Regulation V**

Confirmed compliance with the current FCRA/Regulation V requirements regarding risk-based pricing notice, credit score disclosure and Notice to Home Loan Applicant, as applicable.

**Miscellaneous Compliance Testing**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪  ***Mandatory Arbitration*** – Clarifii reported mandatory arbitration provisions present in
the loan file.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪  ***Single Premium Credit Insurance*** – Clarifii reported single premium credit insurance policies
or debt cancellation agreements present in the loan file.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪  ***State prepayment and late charge restrictions*** – Clarifii reported instances where a prepayment
penalty that exceeds the state permitted penalty has expired.

&nbsp;&nbsp;&nbsp;&nbsp;· **State and Local Anti-Predatory Requirements** 

The following is an itemization of the current and historical state and local anti-predatory lending requirements, considered customary in secondary market due diligence compliance testing and reviewed by Clarifii:

– Arkansas Home Loan Protection Act, Ark. Stat. Ann. § 23-53-101 et seq.

– California Anti-Predatory Lending ("Covered Loan", Cal. Fin. Code § 4970 et seq.

– California Higher-Priced Mortgage Loan ("CA HPML"), Cal. Fin. Code §4995 et seq.

– Colorado Consumer Equity Protection Act, Colo. Rev. Stat. § 5-3.5-101 et seq.

– Connecticut Abusive Home Loan Lending Practices Act, Conn. Stat. Ann. §36a-746 et seq. and the Responsible Lending and Economic Security Act, Conn. House Bill 5577 (2008).

– Connecticut Nonprime Home Loans, Conn. Gen. Stat. §§ 36a-760 et seq. (2008-2009) and (2009-Current)

– District of Columbia Home Loan Protection Act of 2002, D.C. Official Code § 26-1151.01 et seq., as implemented by 20 D.C. Municipal Reg. § 2000.1 et seq. as well as DC Mortgage Disclosure Act of 2007.

– Florida Fair Lending Act, Fla. Stat. Ann. § 494.0078 et seq. (2002 – 2014).

– Georgia Fair Lending Act, Ga. Stat. Ann. § 7-6A-1 et seq. (as originally enacted by House Bill 02-1361 and as modified by Senate Bill 03-53).

– Idaho Residential Mortgage Practices Act, Idaho Code § 26-3101 et seq. (2003).

– Illinois High Risk Home Loan Regulations, 38 Ill. Admin. Code § 345.10 et seq. (Repealed)

– Illinois High Risk Home Loan Act, Public Act. 93-0561 (2003), Ill. Comp. Stat. tit. 815 §§ 137/1 et seq. (2004).

– Illinois Predatory Lending Database Program, Public Act 95-0691 (SB 1167).

– City of Chicago, Illinois, Anti-Predatory Lending Ordinance, Chicago Municipal Code, §§ 2-32-440; 2-32-455; 2-92-325; 4-4-155; 8-4-325.

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 10

– Cook County, Illinois, Anti-Predatory Lending Ordinance, Ordinance No. 240864 (2001) as amended by Illinois SB 1167 (2007).

– Indiana Home Loan Practices Act, as amended by HB 1179 (2005) Ind. Code § 24-9-1 et seq.

– Kansas Consumer Credit Code, Section 16a-3-308a, Kan. Stat. Ann. § 16a-1-101 et seq. 16.

– Kentucky Anti-Predatory Lending Statute, as amended by Kentucky House Bill 552 (2008), Ky. Rev. Stat. § 360.100 et seq.

– Maine, An Act to Enhance Consumer Protections in Relation to Certain Mortgages, 9A Me. Rev. Stat. Ann. §§ 8-103(1); 8-206(8); 8-206A and Maine Legislative Document 1869 (2007), 2125 (2008) and 1439 (2009), and regulation Z-3.

– Maryland Commercial Law, Mary. Stat. Ann. §§ 12-124.1; 12-127; 12-409.1; 12-1029 and as amended by Maryland Senate Bill 270 (2008) and Maryland Regulations under the Maryland Mortgage Lender Law (2009).

– Maryland Regulations for Higher Priced Mortgage Loans, as promulgated under the Maryland Mortgage Lender Law, Md. Code Ann., Fin. Instit. Code §§ 11-501 et seq.; Md. Code Regs. §§ 09.03.06.01 et seq.

– Massachusetts High-Cost Mortgage Regulations, 209 CMR § 32.32 et seq. including MA House Bill 4387 (2008) 20. Massachusetts Predatory Home Loan Practices Act, M.G.L. Chapter 183I.

– Massachusetts "Borrower's Interest" Standard, M.G.L. Chapter 183, §28C.

– Massachusetts Mortgage Lender and Broker Regulations, 940 CMR § 8.00 (15-17).

– Massachusetts Regulations for Higher Priced Mortgage Loans, 209 Mass. Code Regs. §§ 32.00 et seq.

– Massachusetts Subprime ARMs to First Time Homebuyers, M.G.L. Chapter 184, §17B.5.

– Michigan Consumer Mortgage Protection Act, Mich. Stat. Ann. § 445-1631 et seq.

– Minnesota Mortgage Originator and Service Licensing Act, § 58.137 et al. (S.F. 2988 (2002) and as amended by House File 1004 and SF 98 (2007) and SF 3154 and 3214 (2008).

– Nebraska Mortgage Bankers Registration and Licensing Act, Neb. Stat.§ 45-702 et seq.

– Nevada Anti-Predatory Lending Law, AB No. 284 (2003), as amended by AB 4 (2007), Nev. Rev. Stat. § 598D.010 et seq.

– New Jersey Home Ownership Security Act of 2002, NJ Stat. Ann. § C:46:10B-22 et seq.

– New Mexico Home Loan Protection Act, SB 449 (2003) and as amended by SB 342 (2009), N.M. Stat. Ann. § 58-21A-1 et seq.

– New York High-Cost Home Loan Regulations (1A – Original Part 41), 3 NYCCR Part 41 (2001).

– New York High-Cost Home Loan Act (1B - § 6-l), N.Y. Bank. L. Ch. 626., as implemented by 3 NYCCR Part 41 (2003) and as amended by Senate Bill 8143-A (2008).

– New York Subprime Home Loans, NY Bank. Law § 6-m.

– North Carolina Anti-Predatory Lending Law, N.C. Gen. Stat. §§ 24-1.1A to 24-10.2 and North Carolina Amendments to Anti-Predatory Lending Law, N.C. Gen. Stat. §§ 24-9; 24-1.1I(a); 24-10.2(a) as amended.

– Ohio Anti-Predatory Lending Statute, HB 386, as amended by S.B. 185 (2006), Ohio Rev. Code Ann. § 1.63.

– Ohio Consumer Sales Practices Act, Ohio Rev. Code Ann. § 1345.01, as implemented by Ohio Admin. Rules § 109 4-3-01 et seq.

– City of Cleveland Heights, Ohio, Anti-Predatory Lending Ordinance, Ordinance No. 72-2003.

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– Summit County, Ohio, Anti-Predatory Lending Ordinance, Ordinance No. 2004-618, Muni. Code §§ 201.01 et seq.

– Oklahoma Anti-Predatory Lending Law, House Bill No. 1574 (2003).

– Oklahoma Higher-Priced Mortgage Loans Law, Okla. Admin. Code §§ 160:45-9-1 et seq.

– Pennsylvania Consumer Equity Protection Act, 63 Pa. Cons. Stat. Ann. § 456.501 et seq.

– City of Providence, Rhode Island Predatory Lending Ordinance, Ordinance No. 245, Chapter 2006-33 as amended.

– Rhode Island Home Loan Protection Act, Chapter 25.2 of Title 34 of RI Gen. L. et seq., as implemented by Emergency Banking Regulation 3 (2006) and Final Banking Regulation 3 (2007) and amended by Senate Bill 371 (2007).

– South Carolina High-Cost and Consumer Home Loans Act, S.C. Code § 37-23-10 et seq.

– South Carolina Consumer Protection Code, S.C. Code 37-1-101 et seq.

– Tennessee Home Loan Protection Act of 2006, TN Code Annotated, Title 47 et seq.

– Texas High-Cost Home Loan Statute, TX. Fin. Code Ann. § 343.201 et seq.

– The disclosure requirements and prohibitions of Section 50(a)(6) and 50(f)(2) of Article XVI of the Texas Constitution

– Utah Residential Mortgage Practices Amendments, Utah Code Ann. § 61- 2c-102 et seq.

– Utah High Cost Home Loan Act, Utah Code § 61-2d-101 et seq.

– Vermont Interest Act, 9 V.S.A. § 104, implemented by Regulation B-98-2.

– Virginia Mortgage Lender and Broker Act (for loans originated prior to July 1, 2003), Va. Code Ann. §§ 6.1-413; 6.1-422, 6.1-428.

– Virginia Mortgage Lender and Broker Act (for loans originated after July 1, 2003), Va. Code Ann. §§ 6.1-411; 6.1-422.1, 6.1-425.1; 6.1-425.2.

– Washington House Bill 2770, Mortgage Lending and Homeownership, Chapter 108, Laws of 2008.

– West Virginia Residential Mortgage Lender, Broker and Servicer Act, W.Va. Code § 31-17-1 et seq.

– Wisconsin Responsible High Cost Mortgage Lending Act, Wis. Stat. § 428.202.

– Wyoming Credit Code, Wyo. Stat. Ann. §§ 40-14-101 et seq.

&nbsp;&nbsp;&nbsp;&nbsp;· **Business Purpose Loan Compliance Review** 

– Non-Owner Occupied Declaration Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Verify reflects correct address

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Verify application address is different from subject property

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Verify executed by all borrowers

– Review Note accuracy and properly executed

– Review Mortgage and applicable riders for accuracy and properly executed

– Occupancy Letter (must state that borrower(s) will not reside in the property

– HMDA section (Information for Government Monitoring Purposes) of the application (initial and/or final)

– If property is in a flood zone, Flood Notice must be provided prior to closing

– Right to Receive Copy of Appraisal or Appraisal Waiver Disclosure

– Letter of Explanation detailing the use of proceeds.

– Borrower's statement of purpose for the loan.

– State License requirements when applicable

– State Predatory lending and high cost when applicable

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**QUALIFIED MORTGAGE (QM)**

With respect to QM (Safe Harbor and Rebuttable Presumption) designated loans, Clarifii reviewed the loan to determine whether, based on available information in the loan file, (i) the loan contained risky loan features and terms (e.g. an interest only feature or negative amortization), (ii) the "points and fees" exceeded the applicable QM threshold, (iii) the monthly payment was calculated appropriately, (iv) the creditor considered and verified income or assets at or before consummation, (v) the creditor appropriately considered debt obligations, alimony and child support, and (vi) at the time of consummation, if the debt-to-income ratio exceeded 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review included a recalculation of all income and liabilities with attention to the appropriate documentation of each source.

If a loan was designated as QM and identified as eligible for guarantee, purchase, or insurance by an applicable Agency, as permitted under the QM final rule, Clarifii reviewed the loan to determine whether, based on available information in the loan file the loan satisfied (i), (ii) and (iii) in the preceding paragraph and reviewed the Automated Underwriting System output within the file to confirm agency eligibility.

For each QM designated loan that satisfied the applicable requirements enumerated above, Clarifii then determined whether the loan was a Safe Harbor QM or Rebuttable Presumption QM by comparing the loan's actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage.

**ABILITY TO REPAY (ATR)**

Clarifii reviewed the loan to determine whether, based on available information in the loan file, the creditor considered, as applicable, the following eight underwriting factors, and verified such information using reasonably reliable third-party records, at or before consummation: (i) the consumer's current or reasonably expected income or assets, (ii) if the creditor relied on income from the consumer's employment in determining repayment ability, the consumer's current employment status; (iii) the consumer's monthly payment; (iv) the consumer's monthly payment on any simultaneous loan that the creditor knows or has reason to know will be made; (v) the consumer's monthly payment for mortgage-related obligations; (vi) the consumer's current debt obligations, alimony, and child support; (vii) the consumer's monthly debt-to-income ratio or residual income; and (viii) the consumer's credit history. This portion of the Review also focused on full recalculation of income and debts, as well as the documentation provided to support each item used in originator's determination of the ability to repay.

*Note: for loans designated as QM – Agency eligible (QM – Temporary), Clarifii did not review for compliance with the requirements of Appendix Q or General Ability to Repay.*

Clarifii reviewed loans to determine their conformity with the ATR/QM factors above, and did not render an independent assessment or opinion, warranty or represent that a loan will be deemed to conform to Safe Harbor, Rebuttable Presumption, ATR, or other status based on any additional or revised factors that may be considered by legislative, regulatory, administrative, or judicial authorities (Authorities). Clarifii does not represent or warrant that the factors for which it has reviewed that the loans constitute all the factors and/or criteria that Authorities may consider in determining the status of a loan.

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Clarifii's review was based on information contained in the loan file at the time it was provided for review.

All loans in the population reviewed by Clarifii were investment properties and were found to not be ATR/QM applicable.

**VALUATION REVIEW**

Clarifii reviewed all appraisals and alternative value tools used to qualify the Loan for reasonableness of estimated value, comparable sales, completeness of data and eligibility of the appraiser, compared to underwriting guidelines, variances, and tolerances. Clarifii determined that the appraised value appeared to be supported, based on the valuation provided by the Independent Third-party Review.

&nbsp;&nbsp;&nbsp;&nbsp;· **Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)** Clarifii checked for the presence of the appraiser's license and reviewed for the presence of any red flags related to the mortgaged property that may have posed a risk to the property or occupants.

&nbsp;&nbsp;&nbsp;&nbsp;· **Uniform Standards of Professional Appraisal Practice (USPAP)** Clarifii confirmed the appraiser's certification is present and executed within the original appraisal.

**INDEPENDENT THIRD-PARTY VALUES**

Clarifii applied a cascade methodology to the population to determine if the original appraisal value was reasonably supported when compared to an independent third-party valuation product.

**Valuation Reconciliation Process:**

&nbsp;&nbsp;&nbsp;&nbsp;· If the AVM (Automated Valuation Model) supported the origination appraised value within -10% variance,
no additional products were required.

&nbsp;&nbsp;&nbsp;&nbsp;· If the Desk Review supported the origination appraised value
within a -10% variance, no additional products were required.

&nbsp;&nbsp;&nbsp;&nbsp;· In the event the Desk Review process yielded material exceptions
or had a value exceeding a negative ten percent (-10%) variance, a field review was ordered to further establish the supported value,
unless guidelines allowed for the use of the lower Desk Review value for purpose of LTV/CLTV/HCLTV.

**Uniform Collateral Data Portal (UCDP) Risk Score:**

&nbsp;&nbsp;&nbsp;&nbsp;· For loans with a Fannie Mae Collateral Underwriter Score (CU),
if an CU Score was available and the CU Score was greater than 2.5, a Desk Review was either reviewed in the loan file or ordered by
Clarifii. If the CU Score was less than or equal to 2.5, a Desk Review was not obtained/required based on market acceptance of UCDP Risk
Score.

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**VALUATION RESULTS SUMMARY**

The two tables below summarize the loans that contained independent third-party valuation product as well as loans with acceptable UCDP Risk Scores:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Valuation Product** | &nbsp;&nbsp;**# of Files – No Hit** | &nbsp;&nbsp;**# of Files > -10% <br> Variance to OA or<br> Confidence < 80%** | &nbsp;&nbsp;**Number of Files within -<br> 10% of OA or Acceptable<br> UCDP Risk Score** |
| &nbsp;&nbsp;AVM | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;BPO | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;LCA or CU Score <=2.5 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;33 |
| &nbsp;&nbsp;Desk Review | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;15 |
| &nbsp;&nbsp;Field Review | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Second Full Appraisal | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 |

---

**DUE DILIGENCE GRADING CRITERIA** 

Upon completion of the loan file due diligence review, Clarifii assigned comprehensive grading that considers critical factors based on the specific review completed, in addition to product, client, and rating agency requirements.

The National Recognized Statistical Rating Organizations (NRSRO) criteria referenced for this report and utilized for grading descriptions is based upon the NRSRO listed in the Asset-Backed Securities Form ABS Due Diligence-15E.

**Final Event Grade**

---

| | |
|:---|:---|
| **A** | Loan meets Credit, Compliance, and Valuation Guidelines. |
| **B** | The loan materially meets published Client/Seller guidelines and/or eligibility in the validation of income, assets, or credit, is in material compliance with all applicable laws and regulations, and the value and valuation methodology is supported and materially meets published guidelines. |
| **C** | The loan does not meet the published guidelines and/or violates one material law or regulation, and/or the value and valuation methodology is not supported or did not meet published guidelines. |
| **D** | Loan is missing documentation to perform a sufficient review. |

---

**Credit Event Grade**

---

| | |
|:---|:---|
| **A** | The loan meets the published guidelines without any exceptions. The employment, income, assets, and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |
| **B** | The loan materially meets the published guidelines, but reasonable compensating factors were considered and documented for exceeding published guidelines. The employment, income, assets, and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |

---

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**C** The loan does not materially meet the published guidelines. There are not sufficient compensating factors that justify exceeding the published guidelines. The employment, income, assets, or occupancy are not supported and justifiable. The borrower's willingness and ability to repay the loan were not documented or are unreasonable.

**D** There was not sufficient documentation to perform a review, or the credit file was not furnished.

**Valuation Event Grade**

---

| | |
|:---|:---|
| **A** | The value is supported within 10% of the original appraisal by supporting documents (CDA, Field Review or Second Appraisal). The appraisal was performed on an "as-is" basis and the property is complete and habitable at origination. The appraiser was appropriately licensed and used Government-Sponsored Enterprise (GSE) approved forms. |
| **B** | The value is not supported within 10% of the original appraisal by supporting documents and there are no other valuation support documents provided. The valuation methodology substantially meets the published guidelines, but reasonable compensating factors were considered and documented for exceeding guidelines. The appraisal was performed on an "as-is" basis and the property is complete and habitable. The appraiser was appropriately licensed and used GSE approved forms. |
| **C** | The value is not supported within 10% of the original appraisal. The valuation methodology did not meet the published guidelines and there were not sufficient compensating factors for exceeding published guidelines. The property is in below "average" condition, or the property is not complete or requires significant repairs. The appraisal was not performed on an "as is" basis. The appraiser was not appropriately licensed or did not use GSE approved forms. |
| **D** | The file was missing the appraisal or there was not sufficient valuation documentation to perform a review. |

---

**Compliance Event Grade** 

---

| | |
|:---|:---|
| **A** | The loan is compliant with all applicable laws and regulations. The legal documents accurately reflect the agreed upon loan terms and are executed by all applicable parties. |
| **B** | The loan is in material compliance with all applicable laws and regulations. The legal documents accurately reflect the agreed upon loan terms and are executed by all applicable parties. Client review required. |
| **C** | The loan violates one material law or regulation. The material disclosures are missing, or the legal documents do not accurately reflect the agreed upon loan terms or all required applicants did not execute the documents. |
| **D** | There was not sufficient documentation to perform a review, or the required legal documents were not furnished. |

---

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**CLARIFII DUE DILIGENCE RESULTS**

Below are the final overall loan grades for this review, as well as the credit, property valuation, and regulatory compliance component review grades.

**Final Overall Loan Grade Results**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Overall Review Results** | &nbsp;&nbsp;**Overall Review Results** | &nbsp;&nbsp;**Overall Review Results** |
| &nbsp;&nbsp;**Overall** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Sample** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;49 | &nbsp;&nbsp;92.45% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;4 | &nbsp;&nbsp;7.55% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** |

---

The overall grade summary reflects the combination of the credit, property valuation and regulatory compliance component reviews into one overall grade. The overall grade assigned is the most severe grade from each of the component reviews.

**Final Credit Component Grade Results**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Final Credit Grade Summary** | &nbsp;&nbsp;**Final Credit Grade Summary** | &nbsp;&nbsp;**Final Credit Grade Summary** |
| &nbsp;&nbsp;**Credit** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Sample** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;50 | &nbsp;&nbsp;94.34% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;3 | &nbsp;&nbsp;5.66% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** |

---

**Final Property Valuation Grade Results**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Final Property Grade Summary** | &nbsp;&nbsp;**Final Property Grade Summary** | &nbsp;&nbsp;**Final Property Grade Summary** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Sample** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;53 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** |

---

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**Final Regulatory Compliance Grade Results**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Final Compliance Grade Summary** | &nbsp;&nbsp;**Final Compliance Grade Summary** | &nbsp;&nbsp;**Final Compliance Grade Summary** |
| &nbsp;&nbsp;**Compliance** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Sample** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;52 | &nbsp;&nbsp;98.11% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;1 | &nbsp;&nbsp;1.89% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** |

---

**ADDITIONAL LOAN SUMMARY DETAILS**

**Amortization Type**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Amortization Type** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Fixed | &nbsp;&nbsp;53 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$38658650.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$38658650.00** |

---

**Occupancy**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Primary Residence | &nbsp;&nbsp;27 | &nbsp;&nbsp;50.94% | &nbsp;&nbsp;$26557935.00 |
| &nbsp;&nbsp;Second Home | &nbsp;&nbsp;2 | &nbsp;&nbsp;3.77% | &nbsp;&nbsp;$1852500.00 |
| &nbsp;&nbsp;Investment | &nbsp;&nbsp;24 | &nbsp;&nbsp;45.28% | &nbsp;&nbsp;$10248215.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$38658650.00** |

---

**Loan Purpose**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Loan Purpose** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Refinance | &nbsp;&nbsp;17 | &nbsp;&nbsp;32.08% | &nbsp;&nbsp;$6486550.00 |
| &nbsp;&nbsp;Purchase | &nbsp;&nbsp;36 | &nbsp;&nbsp;67.92% | &nbsp;&nbsp;$32172100.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$38658650.00** |

---

**Lien Position**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Lien Position** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;53 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$38658650.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$38658650.00** |

---

**Original Term**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Original Term** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;180 | &nbsp;&nbsp;1 | &nbsp;&nbsp;1.89% | &nbsp;&nbsp;$186750.00 |
| &nbsp;&nbsp;480 | &nbsp;&nbsp;3 | &nbsp;&nbsp;5.66% | &nbsp;&nbsp;$5221250.00 |
| &nbsp;&nbsp;360 | &nbsp;&nbsp;49 | &nbsp;&nbsp;92.45% | &nbsp;&nbsp;$33250650.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**53** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$38658650.00** |

---

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**DATA COMPARE RESULTS**

Clarifii provided Client with a copy of the Loan Level Data Compare Report which shows the differences between the data received by the sellers versus the data captured by Clarifii during the loan review.

**Summary of Data Compare Results**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Data Comparison Fields** | **Loans With<br> Discrepancy** | **Total Times<br> Compared** | **Accuracy<br> %** |
| &nbsp;&nbsp;All Other Payments | 0 | 40 | 100.00% |
| &nbsp;&nbsp;Amortization Term | 13 | 53 | 75.47% |
| &nbsp;&nbsp;Application Date | 0 | 38 | 100.00% |
| &nbsp;&nbsp;Borrower 1 Birthdate | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Borrower 1 Citizen | 2 | 53 | 96.23% |
| &nbsp;&nbsp;Borrower 1 First Name | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Borrower 1 FTHB | 1 | 52 | 98.08% |
| &nbsp;&nbsp;Borrower 1 Last Name | 2 | 53 | 96.23% |
| &nbsp;&nbsp;Borrower 1 Marital Status | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Borrower 1 Origination FICO | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Borrower 1 Qualifying Income | 0 | 29 | 100.00% |
| &nbsp;&nbsp;Borrower 1 Self-Employment Flag | 1 | 35 | 97.14% |
| &nbsp;&nbsp;Borrower 1 SSN | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Borrower 2 Birthdate | 0 | 14 | 100.00% |
| &nbsp;&nbsp;Borrower 2 Citizen | 0 | 14 | 100.00% |
| &nbsp;&nbsp;Borrower 2 First Name | 0 | 14 | 100.00% |
| &nbsp;&nbsp;Borrower 2 Last Name | 0 | 14 | 100.00% |
| &nbsp;&nbsp;Borrower 2 Marital Status | 0 | 14 | 100.00% |
| &nbsp;&nbsp;Borrower 2 Origination FICO | 0 | 14 | 100.00% |
| &nbsp;&nbsp;Borrower 2 Qualifying Income | 0 | 4 | 100.00% |
| &nbsp;&nbsp;Borrower 2 Self-Employment Flag | 0 | 11 | 100.00% |
| &nbsp;&nbsp;Borrower 2 SSN | 0 | 14 | 100.00% |
| &nbsp;&nbsp;Calculated DSCR | 12 | 53 | 77.36% |
| &nbsp;&nbsp;Cash out Include Debt Paid at Close | 0 | 15 | 100.00% |
| &nbsp;&nbsp;Cash to Close | 0 | 52 | 100.00% |
| &nbsp;&nbsp;External Buyer | 0 | 53 | 100.00% |
| &nbsp;&nbsp;External Seller | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Final Qualifying Property Value | 2 | 4 | 50.00% |
| &nbsp;&nbsp;First Payment Date | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Initial Monthly P&I Or IO Payment | 11 | 53 | 79.25% |
| &nbsp;&nbsp;Interested Party Contributions | 0 | 19 | 100.00% |
| &nbsp;&nbsp;Interest Only Flag | 1 | 53 | 98.11% |
| &nbsp;&nbsp;Interest Rate | 0 | 53 | 100.00% |

---

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 19

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Lien Position | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Loan Amount | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Loan ID | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Loan Originator NMLS | 0 | 42 | 100.00% |
| &nbsp;&nbsp;Loan Purpose | 1 | 53 | 98.11% |
| &nbsp;&nbsp;Loan Type | 12 | 53 | 77.36% |
| &nbsp;&nbsp;Maturity Date | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Monthly HOA $| 0 | 17 | 100.00% |
| &nbsp;&nbsp;Monthly Property Tax Amount | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Note Date | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Note Type | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Number of Units | 2 | 53 | 96.23% |
| &nbsp;&nbsp;Occupancy | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Prepayment Penalty Flag | 0 | 15 | 100.00% |
| &nbsp;&nbsp;Primary Appraisal Date | 1 | 52 | 98.08% |
| &nbsp;&nbsp;Primary Appraised Property Value | 1 | 53 | 98.11% |
| &nbsp;&nbsp;Primary Appraiser Name | 0 | 52 | 100.00% |
| &nbsp;&nbsp;Primary Mortgage or Rent Times 30 | 0 | 48 | 100.00% |
| &nbsp;&nbsp;Primary Mortgage or Rent Times 60 | 0 | 48 | 100.00% |
| &nbsp;&nbsp;Primary Mortgage or Rent Times 90+ | 0 | 48 | 100.00% |
| &nbsp;&nbsp;Property Address | 1 | 52 | 98.08% |
| &nbsp;&nbsp;Property City | 0 | 52 | 100.00% |
| &nbsp;&nbsp;Property County | 0 | 52 | 100.00% |
| &nbsp;&nbsp;Property Rights | 0 | 52 | 100.00% |
| &nbsp;&nbsp;Property State | 0 | 52 | 100.00% |
| &nbsp;&nbsp;Property Zip Code | 0 | 52 | 100.00% |
| &nbsp;&nbsp;Qualifying CLTV | 3 | 49 | 93.88% |
| &nbsp;&nbsp;Qualifying FICO | 18 | 53 | 66.04% |
| &nbsp;&nbsp;Qualifying HLTV | 0 | 46 | 100.00% |
| &nbsp;&nbsp;Qualifying Housing Debt Income Ratio | 0 | 49 | 100.00% |
| &nbsp;&nbsp;Qualifying Interest Rate | 0 | 49 | 100.00% |
| &nbsp;&nbsp;Qualifying LTV | 3 | 49 | 93.88% |
| &nbsp;&nbsp;Qualifying Total Debt Income Ratio | 0 | 49 | 100.00% |
| &nbsp;&nbsp;Qualifying Total Reserves Number of Months | 0 | 38 | 100.00% |
| &nbsp;&nbsp;Refinance Type | 0 | 17 | 100.00% |
| &nbsp;&nbsp;Sales Price | 0 | 36 | 100.00% |
| &nbsp;&nbsp;Settlement Agent City | 0 | 44 | 100.00% |
| &nbsp;&nbsp;Settlement Agent Name | 0 | 44 | 100.00% |
| &nbsp;&nbsp;Settlement Agent Phone No | 0 | 46 | 100.00% |
| &nbsp;&nbsp;Settlement Agent State | 0 | 44 | 100.00% |
| &nbsp;&nbsp;Settlement Agent Street Address | 0 | 40 | 100.00% |

---

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 20

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Settlement Agent Zip | 0 | 44 | 100.00% |
| &nbsp;&nbsp;Special Flood Hazard Area | 0 | 4 | 100.00% |
| &nbsp;&nbsp;Term | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Total Closing Costs | 0 | 1 | 100.00% |
| &nbsp;&nbsp;Total Monthly Property Insurance Amount | 0 | 53 | 100.00% |
| &nbsp;&nbsp;Total Qualified Assets Available | 0 | 39 | 100.00% |
| &nbsp;&nbsp;Total Qualified Assets for Reserves Post-Close | 0 | 34 | 100.00% |

---

**CLARIFII THIRD PARTY REPORTS DELIVERED**

Clarifii furnished the following reports on this transaction:

&nbsp;&nbsp;&nbsp;&nbsp;1. Narrative Report/Executive Summary

&nbsp;&nbsp;&nbsp;&nbsp;2. Attestation Forms

&nbsp;&nbsp;&nbsp;&nbsp;3. ASF Report

&nbsp;&nbsp;&nbsp;&nbsp;4. Rating Agency Grade Detail and Summary Report

&nbsp;&nbsp;&nbsp;&nbsp;5. Data Compare Report

&nbsp;&nbsp;&nbsp;&nbsp;6. Valuations Report

&nbsp;&nbsp;&nbsp;&nbsp;7. Rating Agency ATR or QM Report

&nbsp;&nbsp;&nbsp;&nbsp;8. Supplemental Data Extract

&nbsp;&nbsp;&nbsp;&nbsp;9. Business Purpose Supplement Extract Report

**Disclaimer**

*Clarifii LLC ("the Company") performs due diligence reviews for Residential Mortgage-Backed Securities, as well as, assets, collateral, counterparty operations, and similar diligence reviews in the consumer finance industry. In issuing reports and maintaining the ratings provided for herein, the Company relies on factual information it receives from issuers, underwriters, and from other sources which the Company reasonably believes to be credible. The Company conducts reasonable investigation of the factual information relied upon by it in accordance with its ratings methodology. The Company also makes reasonably good faith attempts to verify the information from independent sources (to the extent such sources are available).*

 

*Please be advised that Clarifii has not determined whether the Loans comply with federal, state, or local laws, constitutional provisions, regulations or ordinances, including, but not limited to, licensing and general usury laws that set rate and/or fee limitations, unless listed above. Clarifii's review is focused on issues that raise concerns for secondary market investors and other assignees, based on potential for assignee liability, an adverse impact on the lien, and regulatory, litigation and headline risk. Clarifii's review is not designed to fully test a lender's compliance with all applicable disclosure and licensing requirements. The findings reached by Clarifii are dependent upon its receiving complete and accurate data regarding the Loans from loan originators and other third parties. Please be further advised that Clarifii and its employees do not engage in the practice of law, and the findings set forth in the reports prepared by Clarifii do not constitute legal advice or opinions.*

 

*Ratings, analysis, reports, and other opinions (referred to collectively as "Reports") issued by the Company are provided "as is" and without representation or warranty of any kind. The Company hereby disclaims any representation or warranty (whether express or implied) as to accuracy, completeness, merchantability, or fitness for a particular purpose. Reports are not a recommendation to buy, sell, or retain any security. All reports are deemed jointly prepared, and no individual shall be exclusively deemed the "author" of any Report. Individuals identified in a Report were involved in, but are not solely responsible for, the contents of any Report.*

 

*Unless expressly stated otherwise, Reports do not assess any risk other than credit risk. In particular, any rating or grading in a Report does not take into consideration the risk of any security (or any portion thereof) due to changes in market conditions.*

 

*The Company does not provide investment, legal, or tax advice, and the Reports may not be construed as such. Reports are issued for the benefit of the entity requesting the Report, only, and may not be used by third parties without the express written consent of the Company and the requesting party. Reports are based on available information and current regulations as of the date of the Report, and the Company disclaims any obligation to update Reports due to a change of fact of regulation which occurs after the date of issuance.*© 2026 Clarifii LLC. All rights reserved.

CLIP 2026-NQM1 Due Diligence Narrative Report – PagE \| 21

## Exhibit 99.2

**Exhibit 99.2 Schedule 1**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Redaction ID** | **Investor Loan ID** | **Transaction ID** | **Field Name** | **Source** | **Verified Value** | **Bid Tape Value** | **Comment** |
| XXXX | 855752 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | 1008 |
| XXXX | 855752 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 659 | 0 | Per Credit Report |
| XXXX | 855752 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.354 | 0 | Audit DSCR matches Lender DSCR from Rate Lock |
| XXXX | 855753 |  | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Per Note |
| XXXX | 855754 |  | XXXX | Borrower 1 Citizen | the1003Page | Non Permanent Resident Alien | US Citizen | Per Final 1003 and Employee Auth Card |
| XXXX | 855754 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 718 | 0 | Per Credit Report. |
| XXXX | 855756 |  | XXXX | Amortization Term | notePage | 480 | 360 | Per Note |
| XXXX | 855756 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | per note |
| XXXX | 857738 |  | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Per note |
| XXXX | 857738 |  | XXXX | Borrower 1 Citizen | the1003Page | Permanent Resident Alien | US Citizen | Per final 1003 |
| XXXX | 857739 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 768 | 0 | per credit report |
| XXXX | 857740 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note |
| XXXX | 857740 |  | XXXX | Interest Only Flag | notePage | Yes | No | Per Note |
| XXXX | 857740 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 769 | 0 | Per credit report |
| XXXX | 859750 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note |
| XXXX | 859750 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | per Note |
| XXXX | 859750 |  | XXXX | Primary Appraisal Date | propertyValuationPage | XXXX | XXXX | Per Appraisal |
| XXXX | 859750 |  | XXXX | Primary Appraised Property Value | propertyValuationPage | XXXX | XXXX | Per Appraisal |
| XXXX | 859750 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 723 | 0 | Per credit report |
| XXXX | 865115 |  | XXXX | Property Address | notePage | XXXX | XXXX | per note |
| XXXX | 865115 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 803 | 0 | per Credit Report |
| XXXX | 865116 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note |
| XXXX | 865116 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | Per Note |
| XXXX | 865116 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 775 | 0 | Per credit report |
| XXXX | 866851 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note |
| XXXX | 866851 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | Per Note |
| XXXX | 866851 |  | XXXX | Qualifying LTV | propertyValuationPage | 66.42 | 66.41 | Loan Amount/ Appraised value |
| XXXX | 866851 |  | XXXX | Qualifying CLTV | propertyValuationPage | 66.42 | 66.41 |  |
| XXXX | 866851 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 643 | 0 | Per credit report |
| XXXX | 866851 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.021 | 0 | Per lender approval |
| XXXX | 869906 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per 1008 |
| XXXX | 869906 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note |
| XXXX | 869906 |  | XXXX | Number of Units | propertyValuationPage | 2 | 1 | Per Appraisal |
| XXXX | 869906 |  | XXXX | Qualifying LTV | propertyValuationPage | 79.46 | 80 | Loan Amount/Appraised Value |
| XXXX | 869906 |  | XXXX | Qualifying CLTV | propertyValuationPage | 79.46 | 80 | Loan Amount/Appraised Value. |
| XXXX | 869906 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 685 | 0 | Per credit report |
| XXXX | 871608 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 729 | 0 | per credit report |
| XXXX | 871609 |  | XXXX | Borrower 1 FTHB | the1003Page | false | true | Brr owns primary residence. |
| XXXX | 871610 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per docs in the file |
| XXXX | 883954 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.276 | 0 | DSCR below minimum allowed |
| XXXX | 886088 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per 1003 |
| XXXX | 886088 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 650 | 0 | Per Credit Report |
| XXXX | 886088 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.29 | 0 | Audit used Market Rent/ PITIA. Lender Calculation not provided |
| XXXX | 895800 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per Approval |
| XXXX | 895801 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 780 | 0 | Per Credit Report |
| XXXX | 898777 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per approval |
| XXXX | 898777 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.729 | 0 | Audit matches with Lender Calculation |
| XXXX | 900139 |  | XXXX | Borrower 1 Self-Employment Flag | employmentIncomePage | Yes | No | B1 is SE per tax returns provided. |
| XXXX | 900139 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 783 | 0 | Mid score per credit report |
| XXXX | 901529 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note |
| XXXX | 901529 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | Per Note |
| XXXX | 901529 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 782 | 0 | Per credit report |
| XXXX | 905841 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per Lock confirmation |
| XXXX | 905841 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note |
| XXXX | 905841 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | Per Note |
| XXXX | 905841 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 764 | 0 | Per credit report |
| XXXX | 905841 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.022 | 0 | 1007/PITIA |
| XXXX | 919141 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note. |
| XXXX | 923002 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per Approval |
| XXXX | 923002 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | Per Note |
| XXXX | 923002 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note |
| XXXX | 923002 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 785 | 0 | Per credit report |
| XXXX | 923002 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 0.81 | 0 | 1007/ PITIA |
| XXXX | 927429 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per 1008 |
| XXXX | 930616 |  | XXXX | Amortization Term | notePage | 480 | 360 | Per Note |
| XXXX | 930616 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | Per note |
| XXXX | 930616 |  | XXXX | Qualifying CLTV | propertyValuationPage | 50.85 | 51 | Per 1008 |
| XXXX | 930616 |  | XXXX | Qualifying LTV | propertyValuationPage | 50.85 | 51 | Per 1008 |
| XXXX | 930616 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 780 | 0 | Per Credit report |
| XXXX | 932156 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | Per Note |
| XXXX | 932156 |  | XXXX | Amortization Term | notePage | 360 | 240 | Per Note |
| XXXX | 932156 |  | XXXX | Loan Purpose | the1003Page | Purchase | Refinance | Per approval |
| XXXX | 932156 |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 785 | 0 | Per credit report |
| XXXX | 932156 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 0.857 | 0 | Audit DSCR matches lenders |
| XXXX | 934219 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | DSCR per lender loan approval in file |
| XXXX | 993917 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.241 | 0 | Match with lender's 1008 figure |
| XXXX | 993920 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | Per Note |
| XXXX | 1026517 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | per 1008 |
| XXXX | 1026517 |  | XXXX | Number of Units | propertyValuationPage | 1 | 11 | Per Appraisal |
| XXXX | 1026517 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.175 | 0 | per lock confirmation |
| XXXX | 1039408 |  | XXXX | Final Qualifying Property Value | propertyValuationPage | XXXX | XXXX | per purchase contract |
| XXXX | 1039413 |  | XXXX | Loan Type | the1003Page | DSCR | Conventional | loan is dscr per approval |
| XXXX | 1039413 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.513 | 0 | dscr matches lender approval |
| XXXX | 1042505 |  | XXXX | Amortization Term | notePage | 480 | 360 | Per Note |
| XXXX | 1042505 |  | XXXX | Initial Monthly P&I Or IO Payment | notePage | XXXX | XXXX | Qualified at Initial Terms |
| XXXX | 1042505 |  | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.068 | 0 | Audit used Market Rent/ PITIA. Lender Calculation not provided |
| XXXX | 1046423 |  | XXXX | Final Qualifying Property Value | propertyValuationPage | XXXX | XXXX | Per lower sales price |

---

## Exhibit 99.2

**Exhibit 99.2 Schedule 2**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Redaction ID** | **Investor Loan ID** | **Queue** | **Finding Code** | **Date Created** | **Date Modified** | **Finding Status** | **Event Level** | **Finding Category** | **Finding Sub Category** | **Finding Name** | **Finding Comments** | **Seller Comments** | **Resolution Comments** | **Reviewer Comp Factor** | **Originator Comp Factors** | **Finding Documents** | **Originator QM Status** | **Final Reviewed QM Status** | **Loan Amount** | **Property State** | **Occupancy** | **Loan Purpose** | **Refinance Purpose** | **Acknowledged / WaivedBy** | **Waiver in File?** | **Unique Finding ID** |
| XXXX | 855752 | A |  |  |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other |  |  |  |
| XXXX | 855753 | C A | Closed | FCRE1440 | 2025-11-20 11:00 | 2025-12-11 12:02 | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-XXXX guidelines do not require Housing History if not reported on credit and loan has a A/E AUS. - Due Diligence Vendor-12/11/2025 <br>Counter-Received DU approval in lieu of VOR-DU reflects shortage of assets-provide final DU approval reflecting no housing history required. - Due Diligence Vendor-11/24/2025 <br>Ready for Review-AUS in lieu of housing history - Due Diligence Vendor-11/21/2025 <br>Open-Housing History Does Not Meet Guideline Requirements Missing VOR on current residence - Due Diligence Vendor-11/20/2025 |  | Resolved-XXXX guidelines do not require Housing History if not reported on credit and loan has a A/E AUS. - Due Diligence Vendor-12/11/2025 | Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 780<br>Qualifying DTI below maximum allowed - <br> Required is 45 Borrower has 36.75 |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6321965 |
| XXXX | 855753 | C A | Closed | FCRE5790 | 2025-11-20 11:00 | 2025-12-11 11:33 | Resolved | 1 - Information C A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Received credit refresh. - Due Diligence Vendor-11/24/2025 <br>Ready for Review-UDN - Due Diligence Vendor-11/21/2025 <br>Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-11/20/2025 |  | Resolved-Received credit refresh. - Due Diligence Vendor-11/24/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 780<br>Qualifying DTI below maximum allowed - <br> Required is 45 Borrower has 36.75 |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6321966 |
| XXXX | 855754 | D A | Closed | FCRE1316 | 2025-11-20 07:53 | 2025-12-09 15:46 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Upon further review, P&L guidelines do not require a VVOE. - Due Diligence Vendor-12/09/2025 <br> Ready for Review-Please see pages 44 and 45 of the program guidelines. This loan is utilizing the CPA P&L program. A VVOE is not a requirement. Thank you! - Due Diligence Vendor-12/05/2025 <br> Counter-Income is P&L-not 12 or 24 months bank statement-silent with regards to P&L document type-page 38. Please provide VVOE within 30 days of Note date - Due Diligence Vendor-11/24/2025 <br> Ready for Review-PEr Guides Business Bank statement and Co-Mingled Bank statement income do not require additional proof of current activity or proof of 2 years self-employment - Due Diligence Vendor-11/21/2025 <br> Open-Borrower 1 3rd Party VOE Prior to Close Missing The guidelines for self-employed borrowers state to verify the existence of the business within 30-calendar days of the note date and ensure that the business is active. The note is dated XXXX. The CPA letter verifying the borrower's ownership of the business is dated XXXX, which is more than 30 days prior to the note date. - Due Diligence Vendor-11/20/2025 |  | Resolved-Upon further review, P&L guidelines do not require a VVOE. - Due Diligence Vendor-12/09/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Guideline require a minimum FICO score of 660. Borrower has qualifying FICO score of 718. Required is 660 Borrower has 718<br>LTV is less than guideline maximum - Rule False Max LTV is 85%; qualifying LTV is 80%. |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6317869 |
| XXXX | 855754 | D A | Closed | FCRE1206 | 2025-11-20 10:57 | 2025-11-24 16:50 | Resolved | 1 - Information C A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated Fraud report reflecting all parties. - Due Diligence Vendor-11/24/2025 <br>Ready for Review-LDP - Due Diligence Vendor-11/21/2025 <br>Open-All Interested Parties Not Checked with Exclusionary Lists Appraiser to be added to the loan participants list. - Due Diligence Vendor-11/20/2025 |  | Resolved-Received updated Fraud report reflecting all parties. - Due Diligence Vendor-11/24/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Guideline require a minimum FICO score of 660. Borrower has qualifying FICO score of 718. Required is 660 Borrower has 718<br>LTV is less than guideline maximum - Rule False Max LTV is 85%; qualifying LTV is 80%. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6321917 |
| XXXX | 855755 | D A C | Closed | FCRE5782 | 2025-11-20 11:21 | 2025-11-24 16:47 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received gap report. - Due Diligence Vendor-11/24/2025 <br>Ready for Review-UDN - Due Diligence Vendor-11/21/2025 <br>Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-11/20/2025 |  | Resolved-Received gap report. - Due Diligence Vendor-11/24/2025<br>| Qualifying DTI below maximum allowed - Rule False dti 36% max 50%<br>Months Reserves exceed minimum required - Reserves = 16 months – Required Reserves = 3 Months |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6322687 |
| XXXX | 855755 | D A C | Closed | finding-3634 | 2025-11-18 15:52 | 2025-11-24 12:43 | Resolved | 1 - Information C A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-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 $0.43.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). -----Received COC for Increase in discount Points, the rest is rounding issue. Finding Resolved. - Due Diligence Vendor-11/24/2025 <br> Ready for Review-LE and CiC - Due Diligence Vendor-11/21/2025 <br> Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $4,548.78.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $4,548.35 (Loan Amount- Points) without a valid COC in file. Loan Origination fee increased by .43 due to rounding. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $4,548.35, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 1 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-11/18/2025 |  | Resolved-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 $0.43.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). -----Received COC for Increase in discount Points, the rest is rounding issue. Finding Resolved. - Due Diligence Vendor-11/24/2025<br>| Qualifying DTI below maximum allowed - Rule False dti 36% max 50%<br>Months Reserves exceed minimum required - Reserves = 16 months – Required Reserves = 3 Months |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6295185 |
| XXXX | 855756 | D A | Closed | FCRE1503 | 2025-11-20 14:11 | 2025-12-23 12:45 | Resolved | 1 - Information C A | Credit | QM-ATR | ATR: The Lender did not document all ATR Factors | Resolved-Documentation in the loan file confirms the borrower has been employed for all of XXXX. LOX from borrower and paystubs confirm. - Due Diligence Vendor-12/23/2025 <br> Open-ATR: The Lender did not document all ATR Factors - Due Diligence Vendor-11/20/2025 |  | Resolved-Documentation in the loan file confirms the borrower has been employed for all of XXXX. LOX from borrower and paystubs confirm. - Due Diligence Vendor-12/23/2025 | Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 775; minimum score 720. Required is 720 Borrower has 775<br>Long term residence - Long term residence borrower has been in primary for over 10 yrs. |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6329889 |
| XXXX | 855756 | D A | Closed | FCRE1506 | 2025-11-20 15:57 | 2025-12-23 12:45 | Resolved | 1 - Information C A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Documentation in the loan file confirms the borrower has been employed for all of XXXX. LOX from borrower and paystubs confirm. - Due Diligence Vendor-12/23/2025 <br> Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Pending income and housing history. - Due Diligence Vendor-11/20/2025 |  | Resolved-Documentation in the loan file confirms the borrower has been employed for all of XXXX. LOX from borrower and paystubs confirm. - Due Diligence Vendor-12/23/2025 | Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 775; minimum score 720. Required is 720 Borrower has 775<br>Long term residence - Long term residence borrower has been in primary for over 10 yrs. |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6332096 |
| XXXX | 855756 | D A | Closed | FCRE1507 | 2025-11-20 15:57 | 2025-12-23 12:45 | Resolved | 1 - Information C A | Credit | QM-ATR | Discrepancy between Originator QM Status and Final QM Status | Resolved-Documentation in the loan file confirms the borrower has been employed for all of XXXX. LOX from borrower and paystubs confirm. - Due Diligence Vendor-12/23/2025 <br> Open-The Originator QM Status is not the same as the Final QM Status. - Due Diligence Vendor-11/20/2025 |  | Resolved-Documentation in the loan file confirms the borrower has been employed for all of XXXX. LOX from borrower and paystubs confirm. - Due Diligence Vendor-12/23/2025 | Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 775; minimum score 720. Required is 720 Borrower has 775<br>Long term residence - Long term residence borrower has been in primary for over 10 yrs. |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6332097 |
| XXXX | 855756 | D A | Closed | FCRE1437 | 2025-11-20 13:31 | 2025-12-23 12:42 | Resolved | 1 - Information C A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Documentation in the loan file confirms the borrower has been employed for all of XXXX. LOX from borrower and paystubs confirm. - Due Diligence Vendor-12/23/2025 <br> Counter-Received narrative. WVOE the borrower most recent termination date of XXXX - does not reflect another start date but does reflect active. Lender to verify if there was a gap of employment with the most recent start date. Finding remains. - Due Diligence Vendor-12/17/2025 <br> Ready for Review-Please revisit. Although the VOE on page 453 of the file reflects a separation date of XXXX, the VOE also reflects that the borrower is a full-time, active employee. VOE is dated as of XXXX. The borrower provided an LOE for the separation date. Please also see the paystub as of XXXX on page 447 confirming borrower is actively working. Biweekly salary is $XXXX. For 8.25 months, this would equate to $XXXX in earnings YTD. Taking the $777,948 YTD earnings on the paystub minus the RSUs of $XXXX = $XXXX left for earnings. This supports the fact that the borrower has been working throughout XXXX with no interruption in pay. The paystub reflects regular hours and holiday wages for that period and no other pay type. (Please also note that the XXXX strike concluded after 54 days and ran from XXXX. Borrower states he was not part of the XXXX and was paid back. Dates are available for confirmation on various websites. Strike did not last long.) It is evident the borrower is an active worker. Please clear and thank you! - Due Diligence Vendor-12/16/2025 <br> Counter-Received LOE regarding XXXX-missing confirmation from borrowers employer of start date and no termination date. - Due Diligence Vendor-11/24/2025 <br> Ready for Review-LOE - Due Diligence Vendor-11/21/2025 <br> Open-Income and Employment Do Not Meet Guidelines Per VOE and WVOE the borrower most recent termination date of XXXX - does not reflect another start date but does reflect active. Lender to verify if there was a gap of employment with the most recent start date. - Due Diligence Vendor-11/20/2025 |  | Resolved-Documentation in the loan file confirms the borrower has been employed for all of XXXX. LOX from borrower and paystubs confirm. - Due Diligence Vendor-12/23/2025 | Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 775; minimum score 720. Required is 720 Borrower has 775<br>Long term residence - Long term residence borrower has been in primary for over 10 yrs. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6329162 |
| XXXX | 855756 | D A | Closed | FCRE7347 | 2025-11-20 13:34 | 2025-12-17 17:30 | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Received 3rd party validation of market rent for departure residence. - Due Diligence Vendor-12/17/2025 <br> Ready for Review-Please see attached rent estimator from XXXX. Please refer to page 30 of the XXXX guidelines: " If the departure prop is unleased, then the PITI can be offset with market rents from a 1007, or other acceptable online estimates, like XXXX for example. Positive cash flow from departing residence without a lease in place may not be added to income. Use 1007, or other acceptable third-party report, and apply the 75% rule to determine cash flow. An additional 2 months of PITI on our subject property is required when using rents on an unleased property". Please clear and thank you!<br> - Due Diligence Vendor-12/16/2025 <br> Counter-Received UW commentary - no lease--missing 1007 or other acceptable third party report confirming market rents (along with 2 additional pitia reserves for subject) - Due Diligence Vendor-11/24/2025 <br> Ready for Review-LOE - Due Diligence Vendor-11/21/2025 <br> Open-Rental income departure- copy of current lease agreement and proof of receipt of deposit and 1st months rent and evidence rent is near market either a 1007 or other underwriten/loan officer obtained confirmation of market rent is required to support rental of $3040 for REO 3a. - Due Diligence Vendor-11/20/2025 |  | Resolved-Received 3rd party validation of market rent for departure residence. - Due Diligence Vendor-12/17/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 775; minimum score 720. Required is 720 Borrower has 775<br>Long term residence - Long term residence borrower has been in primary for over 10 yrs. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6329231 |
| XXXX | 855756 | D A | Closed | FCRE1440 | 2025-11-20 13:41 | 2025-11-24 17:18 | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Note and confirmation 3rd mtg on departing residence is new lien. - Due Diligence Vendor-11/24/2025 <br> Ready for Review-LOE - Due Diligence Vendor-11/21/2025 <br> Open-Housing History Does Not Meet Guideline Requirements- Missing housing history for REO 3a with XXXX according to final 1003. Need 12 months p payment history. - Due Diligence Vendor-11/20/2025 |  | Resolved-Received Note and confirmation 3rd mtg on departing residence is new lien. - Due Diligence Vendor-11/24/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 775; minimum score 720. Required is 720 Borrower has 775<br>Long term residence - Long term residence borrower has been in primary for over 10 yrs. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6329354 |
| XXXX | 855756 | D A | Closed | FCRE5782 | 2025-11-20 13:41 | 2025-11-24 17:17 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM - Due Diligence Vendor-11/24/2025 <br>Ready for Review-UDN - Due Diligence Vendor-11/21/2025 <br>Open-Borrower 1 Gap Credit Report is Missing Gap Report missing - Due Diligence Vendor-11/20/2025 |  | Resolved-Received UDM - Due Diligence Vendor-11/24/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 775; minimum score 720. Required is 720 Borrower has 775<br>Long term residence - Long term residence borrower has been in primary for over 10 yrs. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6329355 |
| XXXX | 857738 | D A C | Closed | FCRE1316 | 2025-11-21 15:01 | 2025-12-11 15:26 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received XXXX confirming active - Due Diligence Vendor-12/11/2025 <br> Ready for Review-printout from file showing Active - Due Diligence Vendor-12/09/2025 <br> Counter-Received XXXX search-missing VVOE - Due Diligence Vendor-11/25/2025 <br> Ready for Review-BUSINESS SEARCH - Due Diligence Vendor-11/24/2025 <br> Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing final VOE. - Due Diligence Vendor-11/21/2025 |  | Resolved-Received XXXX confirming active - Due Diligence Vendor-12/11/2025 | Verified employment history exceeds guidelines - Verified employment history exceeds guidelines by >than 5 years.<br>Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30x>50 |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6346653 |
| XXXX | 857738 | D A C | Closed | finding-3352 | 2025-11-20 10:14 | 2025-12-11 10:04 | Resolved | 1 - Information C A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-HPML requirements have been met, no additional documentation is needed or required - Due Diligence Vendor-12/11/2025 <br> Counter-Received compliance report reflecting loan as HPML-finding remains. - Due Diligence Vendor-11/25/2025 <br> Ready for Review-CE - passing - Due Diligence Vendor-11/24/2025 <br> 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. -----Statute of limitations – One year; Expiration date: XXXX - Due Diligence Vendor-11/20/2025 |  | Resolved-HPML requirements have been met, no additional documentation is needed or required - Due Diligence Vendor-12/11/2025<br>| Verified employment history exceeds guidelines - Verified employment history exceeds guidelines by >than 5 years.<br>Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30x>50 |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6320979 |
| XXXX | 857738 | D A C | Closed | FCRE5782 | 2025-11-21 10:08 | 2025-11-25 16:14 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM - Due Diligence Vendor-11/25/2025 <br>Ready for Review-UDN - Due Diligence Vendor-11/24/2025 <br>Open-Borrower 1 Gap Credit Report is Missing. The Gap Report is required. - Due Diligence Vendor-11/21/2025 |  | Resolved-Received UDM - Due Diligence Vendor-11/25/2025<br>| Verified employment history exceeds guidelines - Verified employment history exceeds guidelines by >than 5 years.<br>Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30x>50 |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6339707 |
| XXXX | 857739 | D B C A | Closed | FCRE1148 | 2025-11-21 07:48 | 2025-12-24 16:18 | Resolved | 1 - Information C A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received Final Title w/sufficient coverage. - Due Diligence Vendor-12/24/2025 <br>Ready for Review-Final Title Policy - Due Diligence Vendor-12/23/2025 <br>Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Loan amount on title commitment does not match loan amount at closing. - Due Diligence Vendor-11/21/2025 |  | Resolved-Received Final Title w/sufficient coverage. - Due Diligence Vendor-12/24/2025<br>| Qualifying DTI below maximum allowed - Rule False DTI is 27.73 - Max DTI is 50%<br>Qualifying FICO score is at least 20 points above minimum for program - Rule False FICO is 768 - Min FICO is 720 - 48 pts above |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6337824 |
| XXXX | 857739 | D B C A | Closed | FCRE1316 | 2025-11-21 08:33 | 2025-12-18 17:06 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received PTIN letter dated XXXX - Due Diligence Vendor-12/18/2025 <br> Ready for Review-Not required. 12 month bank statement program and the borrower has 25% or more ownership. - Due Diligence Vendor-12/17/2025 <br> Counter-Received PTIN letter dated XXXX exceeding 30 days of Note date of XXXX. Finding remains. - Due Diligence Vendor-11/25/2025 <br> Ready for Review-CPA Letter - Due Diligence Vendor-11/24/2025 <br> Open-Borrower 1 3rd Party VOE Prior to Close Missing Need VVOE verified no more than 30 calendar days prior to note date requiring business is active. - Due Diligence Vendor-11/21/2025 |  | Resolved-Received PTIN letter dated XXXX - Due Diligence Vendor-12/18/2025 | Qualifying DTI below maximum allowed - Rule False DTI is 27.73 - Max DTI is 50%<br>Qualifying FICO score is at least 20 points above minimum for program - Rule False FICO is 768 - Min FICO is 720 - 48 pts above |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6338261 |
| XXXX | 857739 | D B C A | Closed | finding-3352 | 2025-11-20 12:04 | 2025-12-11 10:06 | Resolved | 1 - Information C A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-HPML requirements have been met, no additional documentation is needed or required - Due Diligence Vendor-12/11/2025 <br> Counter-Received compliance report reflecting HPML. (prepaid interest is incorrect as well). Finding remains - Due Diligence Vendor-11/25/2025 <br> Ready for Review-CE - Passing HPML - Due Diligence Vendor-11/24/2025 <br> 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. ----- Statue of limitations - One year; Expiration date XXXX- Due Diligence Vendor-11/20/2025 |  | Resolved-HPML requirements have been met, no additional documentation is needed or required - Due Diligence Vendor-12/11/2025<br>| Qualifying DTI below maximum allowed - Rule False DTI is 27.73 - Max DTI is 50%<br>Qualifying FICO score is at least 20 points above minimum for program - Rule False FICO is 768 - Min FICO is 720 - 48 pts above |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6323735 |
| XXXX | 857739 | D B C A | Closed | finding-651 | 2025-11-25 16:02 | 2025-11-25 16:11 | Resolved | 1 - Information C A | Compliance | Points & Fees | TILA Finance Charge Test | Resolved-Upon further review, finance charge in line - Due Diligence Vendor-11/25/2025 <br> Open-This loan failed the TILA finance charge test.(12 CFR §1026.38(o)(2))The finance charge is $XXXX. The disclosed finance charge of $XXXX is not considered accurate because it is understated by more than $100. - Due Diligence Vendor-11/25/2025 |  | Resolved-Upon further review, finance charge in line - Due Diligence Vendor-11/25/2025<br>| Qualifying DTI below maximum allowed - Rule False DTI is 27.73 - Max DTI is 50%<br>Qualifying FICO score is at least 20 points above minimum for program - Rule False FICO is 768 - Min FICO is 720 - 48 pts above |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6389798 |
| XXXX | 857739 | D B C A | Closed | FCRE1440 | 2025-11-21 08:43 | 2025-11-25 15:49 | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received AUS DU approve/eligible in lieu of VOR. - Due Diligence Vendor-11/25/2025 <br> Ready for Review-AUS in lieu of housing history - Due Diligence Vendor-11/24/2025 <br> Open-Housing History Does Not Meet Guideline Requirements Missing full 12 month rental history. Borrower has only been renting current location since XXXX - need prior address rental history verified to complete a full 12 month history. - Due Diligence Vendor-11/21/2025 |  | Resolved-Received AUS DU approve/eligible in lieu of VOR. - Due Diligence Vendor-11/25/2025<br>| Qualifying DTI below maximum allowed - Rule False DTI is 27.73 - Max DTI is 50%<br>Qualifying FICO score is at least 20 points above minimum for program - Rule False FICO is 768 - Min FICO is 720 - 48 pts above |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6338423 |
| XXXX | 857739 | D B C A | Closed | FCRE5782 | 2025-11-21 08:43 | 2025-11-25 15:49 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM. - Due Diligence Vendor-11/25/2025 <br>Ready for Review-UDN - Due Diligence Vendor-11/24/2025 <br>Open-Borrower 1 Gap Credit Report is Missing Missing Gap Credit Report. - Due Diligence Vendor-11/21/2025 |  | Resolved-Received UDM. - Due Diligence Vendor-11/25/2025<br>| Qualifying DTI below maximum allowed - Rule False DTI is 27.73 - Max DTI is 50%<br>Qualifying FICO score is at least 20 points above minimum for program - Rule False FICO is 768 - Min FICO is 720 - 48 pts above |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6338424 |
| XXXX | 857739 | D B C A | Closed | FCRE1342 | 2025-11-21 12:25 | 2025-11-25 15:44 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Business Bank Statements Missing | Resolved-Received complete statement. - Due Diligence Vendor-11/25/2025 <br> Ready for Review-Complete bank stmt - Due Diligence Vendor-11/24/2025 <br> Open-Borrower 1 Business Bank Statements Missing Missing pages 6-8 XXXX statement XXXX as this was part of statement used for income calculation. - Due Diligence Vendor-11/21/2025 |  | Resolved-Received complete statement. - Due Diligence Vendor-11/25/2025<br>| Qualifying DTI below maximum allowed - Rule False DTI is 27.73 - Max DTI is 50%<br>Qualifying FICO score is at least 20 points above minimum for program - Rule False FICO is 768 - Min FICO is 720 - 48 pts above |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6343625 |
| XXXX | 857739 | D B C A | Closed | FCRE8013 | 2025-11-21 08:01 | 2025-11-21 12:54 | Waived | 2 - Non-Material C B | Credit | Eligibility | Purchase Contract Issue | Waived-Originator waiver applied to non material finding with comp factors. - Due Diligence Vendor-11/21/2025 <br>Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing Addendum to sales contract for Seller Concessions given as a credit at closing.<br> Need Seller's POA as this should be part of sales contract. - Due Diligence Vendor-11/21/2025 |  | Waived-Originator waiver applied to non material finding with comp factors. - Due Diligence Vendor-11/21/2025<br>| Qualifying DTI below maximum allowed - Rule False DTI is 27.73 - Max DTI is 50%<br>Qualifying FICO score is at least 20 points above minimum for program - Rule False FICO is 768 - Min FICO is 720 - 48 pts above |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 6337926 |
| XXXX | 857740 | D A | Closed | FCRE5782 | 2025-11-21 17:32 | 2025-11-25 16:12 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM. - Due Diligence Vendor-11/25/2025 <br>Ready for Review-UDN - Due Diligence Vendor-11/24/2025 <br>Open-Borrower 1 Gap Credit Report is Missing Borrower 1 & Borrower 2 UDM/Gap Credit Report is Missing - Due Diligence Vendor-11/21/2025 |  | Resolved-Received UDM. - Due Diligence Vendor-11/25/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 769 Required is 720 Borrower has 769<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.84 Required is 50 Borrower has 40.84 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6348893 |
| XXXX | 859749 | D A | Closed | FCRE5782 | 2025-11-25 12:21 | 2025-12-01 15:04 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM for both borrowers. - Due Diligence Vendor-12/01/2025 <br>Ready for Review-UDN - Due Diligence Vendor-11/26/2025 <br>Open-Borrower 1 Gap Credit Report is Missing Borrower 1 & Borrower 2 Gap Credit Report is Missing. The Gap Report is required. - Due Diligence Vendor-11/25/2025 |  | Resolved-Received UDM for both borrowers. - Due Diligence Vendor-12/01/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Score is 747 and minimum allowed is 660. Required is 660 Borrower has 747<br>LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6385702 |
| XXXX | 859750 | D A | Closed | FCRE1193 | 2025-11-24 15:37 | 2026-01-12 14:04 | Resolved | 1 - Information C A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Document Uploaded. IRA distribution calculation provided with clarification of guides used - Due Diligence Vendor-01/12/2026 <br>Counter-Received departing residence offset. Received Method 3 calculation. Review is unable to confirm balance of IRA considered. Please identify acct numbers considered. - Due Diligence Vendor-12/23/2025 <br>Ready for Review- IRA Distribution worksheet - Due Diligence Vendor-12/22/2025 <br>Ready for Review-LOE - Due Diligence Vendor-12/02/2025 <br>Open-Audited DTI of 56.83% exceeds Guideline DTI of 50%. DTI is over the max allowed do to missing income for qualification. - Due Diligence Vendor-11/24/2025 |  | Resolved-Document Uploaded. IRA distribution calculation provided with clarification of guides used - Due Diligence Vendor-01/12/2026<br>| LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 723 and minimum allowed is 660. Required is 660 Borrower has 723 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6371209 |
| XXXX | 859750 | D A | Closed | FCRE1316 | 2025-11-25 16:52 | 2026-01-12 14:02 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-VOE's are not required for self-employed borrowers. - Due Diligence Vendor-01/12/2026 <br>Ready for Review-This is a 2 year 1099 product. A VVOE is not required per XXXX guidelines. See page 35 of the guidelines. Thank you! - Due Diligence Vendor-01/09/2026 <br>Counter-Missing verification meeting guideline requirements on page 27 - Due Diligence Vendor-12/04/2025 <br>Ready for Review-Not required per product. - Due Diligence Vendor-12/02/2025 <br>Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-11/25/2025 |  | Resolved-VOE's are not required for self-employed borrowers. - Due Diligence Vendor-01/12/2026<br>| LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 723 and minimum allowed is 660. Required is 660 Borrower has 723 |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6390739 |
| XXXX | 859750 | D A | Closed | FCRE1964 | 2025-11-24 15:55 | 2026-01-12 14:01 | Resolved | 1 - Information D A | Credit | Missing Doc | Missing income documentation | Resolved-Guidelines allow for an imputed distribution for borrower's without a current distribution history. a 10% expense factor was applied. - Due Diligence Vendor-01/12/2026 <br> Counter-Received Method 3 calculation. Review is unable to confirm balance of IRA considered. Please identify acct numbers considered. - Due Diligence Vendor-12/23/2025 <br> Ready for Review- IRA Distribution worksheet - Due Diligence Vendor-12/22/2025 <br> Counter-Review is unable to validate IRA distribution income considered for qualifying utilizing Method 3. Please provide income calculations. - Due Diligence Vendor-12/04/2025 <br> Ready for Review-LOE - Due Diligence Vendor-12/02/2025 <br> Open-Missing income documentation - Missing letter from the account provider XXXX documenting proof of withdrawal of funds used each month to support IRA Distribution income. - Due Diligence Vendor-11/25/2025 |  | Resolved-Guidelines allow for an imputed distribution for borrower's without a current distribution history. a 10% expense factor was applied. - Due Diligence Vendor-01/12/2026<br>| LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 723 and minimum allowed is 660. Required is 660 Borrower has 723 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6371568 |
| XXXX | 859750 | D A | Closed | FCRE1506 | 2025-11-24 15:28 | 2026-01-12 13:53 | Resolved | 1 - Information C A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-01/12/2026 <br>Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. - Due Diligence Vendor-11/24/2025 |  | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-01/12/2026<br>| LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 723 and minimum allowed is 660. Required is 660 Borrower has 723 |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6371070 |
| XXXX | 859750 | D A | Closed | FCRE1507 | 2025-11-26 12:50 | 2026-01-12 13:53 | Resolved | 1 - Information C A | Credit | QM-ATR | Discrepancy between Originator QM Status and Final QM Status | Resolved-The Originator QM Status and Final QM Status are the same. - Due Diligence Vendor-01/12/2026 <br>Open-The Originator QM Status is not the same as the Final QM Status. - Due Diligence Vendor-11/26/2025 |  | Resolved-The Originator QM Status and Final QM Status are the same. - Due Diligence Vendor-01/12/2026<br>| LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 723 and minimum allowed is 660. Required is 660 Borrower has 723 |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6404133 |
| XXXX | 859750 | D A | Closed | FCRE5782 | 2025-11-24 15:17 | 2026-01-12 13:52 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM. - Due Diligence Vendor-12/04/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/02/2025 <br>Open-Borrower 1 Gap Credit Report is Missing. Gap Report required. - Due Diligence Vendor-11/24/2025 |  | Resolved-Received UDM. - Due Diligence Vendor-12/04/2025<br>| LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 723 and minimum allowed is 660. Required is 660 Borrower has 723 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6370815 |
| XXXX | 859750 | D A | Closed | FCRE1345 | 2025-11-24 15:58 | 2025-12-23 15:14 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Resolved-Received XXXX rental estimate for offset of departing residence. - Due Diligence Vendor-12/23/2025 <br>Ready for Review-XXXX rent estimate is allowable. Please advise - Due Diligence Vendor-12/22/2025 <br>Counter-Received a XXXX printout-Missing Lease Agreement to support rent income used for qualification. - Due Diligence Vendor-12/04/2025 <br>Ready for Review-rent estimator - Due Diligence Vendor-12/02/2025 <br>Open-Borrower 1 Lease Agreements Missing. Missing Lease Agreement to support rent income used for qualification. - Due Diligence Vendor-11/24/2025 |  | Resolved-Received XXXX rental estimate for offset of departing residence. - Due Diligence Vendor-12/23/2025<br>| LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 723 and minimum allowed is 660. Required is 660 Borrower has 723 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6371619 |
| XXXX | 859750 | D A | Closed | FCRE1159 | 2025-11-24 14:14 | 2025-12-04 16:01 | Resolved | 1 - Information C A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Received confirmation from insurer coverage date XXXX on disbursement date. - Due Diligence Vendor-12/04/2025 <br> Ready for Review-Email from agent stating coverage started on XXXX - Due Diligence Vendor-12/03/2025 <br> Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-11/25/2025 |  | Resolved-Received confirmation from insurer coverage date XXXX on disbursement date. - Due Diligence Vendor-12/04/2025 | LTV is less than guideline maximum - LTV is 80% and max allowed is 90% Required is 90 Borrower has 80<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 723 and minimum allowed is 660. Required is 660 Borrower has 723 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6369468 |
| XXXX | 865115 | C A | Closed | FCRE1206 | 2025-11-25 17:50 | 2026-01-12 14:52 | Resolved | 1 - Information C A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received OFAC clearances - Due Diligence Vendor-01/12/2026 <br> Ready for Review-OFAC results - Due Diligence Vendor-01/07/2026 <br> Counter-Received XXXX. Missing proof Selling and listing agents/companies and XXXX Non-borrower included in list of participants checked. - Due Diligence Vendor-01/05/2026 <br> Ready for Review-Received XXXX. Missing proof Selling and listing agents/companies and XXXX Non-borrower included in list of participants checked. - Due Diligence Vendor-12/31/2025 <br> Ready for Review-Searches - Due Diligence Vendor-12/30/2025 <br> Open-All Interested Parties Not Checked with Exclusionary Lists Selling and listing agents/companies and XXXX Non-borrower to be added to interested parties - Due Diligence Vendor-11/25/2025 |  | Resolved-Received OFAC clearances - Due Diligence Vendor-01/12/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 803<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 25.37 |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6391328 |
| XXXX | 865115 | C A | Closed | finding-3352 | 2025-11-25 12:04 | 2025-12-19 11:53 | Resolved | 1 - Information C A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-HPML requirements met, no additional documentation required - Due Diligence Vendor-12/19/2025 <br>Counter-Received compliance report reflecting HPML-please review. - Due Diligence Vendor-12/03/2025 <br>Ready for Review-CE - Passing HPML - Due Diligence Vendor-12/01/2025 <br>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-11/25/2025 |  | Resolved-HPML requirements met, no additional documentation required - Due Diligence Vendor-12/19/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 803<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 25.37 |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6385383 |
| XXXX | 865116 | C A | Closed | FCRE1510 | 2025-11-25 10:53 | 2025-12-08 18:40 | Resolved | 1 - Information C A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received DOT w/Legal. - Due Diligence Vendor-12/08/2025 <br>Ready for Review-Recorded Copy of DOT - Due Diligence Vendor-12/05/2025 <br>Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal Description - Exhibit A - Due Diligence Vendor-11/25/2025 |  | Resolved-Received DOT w/Legal. - Due Diligence Vendor-12/08/2025<br>| Credit history exceeds minimum required - 12 months needed. Over 60 months verified.<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 775<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.01 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6382703 |
| XXXX | 865116 | C A | Closed | FCRE1206 | 2025-11-26 12:51 | 2025-12-03 10:05 | Resolved | 1 - Information C A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated fraud confirming all interested parties included. - Due Diligence Vendor-12/03/2025 <br> Ready for Review-LDP - Due Diligence Vendor-12/01/2025 <br> Open-All Interested Parties Not Checked with Exclusionary Lists Missing XXXX Inc and XXXX from the exclusionary list. - Due Diligence Vendor-11/26/2025 |  | Resolved-Received updated fraud confirming all interested parties included. - Due Diligence Vendor-12/03/2025<br>| Credit history exceeds minimum required - 12 months needed. Over 60 months verified.<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 775<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.01 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6404135 |
| XXXX | 866851 | C A | Closed | FCRE0104 | 2025-12-01 08:14 | 2025-12-03 13:40 | Resolved | 1 - Information C A | Credit | Eligibility | Prepayment Penalty is not allowed | Resolved-Received confirmation prepay is acceptable for business purpose loans. - Due Diligence Vendor-12/03/2025 <br> Ready for Review- CE - Passing State Regs - Due Diligence Vendor-12/01/2025 <br> Open-Prepayment Penalty is not allowed. Max Prepay allowed in XX is 3% per state regulations. - Due Diligence Vendor-12/01/2025 |  | Resolved-Received confirmation prepay is acceptable for business purpose loans. - Due Diligence Vendor-12/03/2025<br>| LTV is less than guideline maximum - 66.42% < 70% allowed<br>Months Reserves exceed minimum required - 6 months reserves required, qualifying reserves is 70 months |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6426133 |
| XXXX | 866851 | C A | Closed | FCRE1108 | 2025-11-25 11:20 | 2025-12-01 08:12 | Resolved | 1 - Information C A | Credit | Closing | Calculated Initial Payment and Initial Principal and Interest Payment do not match | Resolved-Upon further review the amounts match. - Due Diligence Vendor-12/01/2025 <br>Open-Calculated Initial P&I Payment Amount does not match Initial P&I Payment Amount (Variance exceeds $0.01) Validated - Due Diligence Vendor-11/25/2025 |  | Resolved-Upon further review the amounts match. - Due Diligence Vendor-12/01/2025<br>| LTV is less than guideline maximum - 66.42% < 70% allowed<br>Months Reserves exceed minimum required - 6 months reserves required, qualifying reserves is 70 months |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6384217 |
| XXXX | 866851 | C A | Closed | FCRE5790 | 2025-11-26 11:41 | 2025-12-01 08:09 | Resolved | 1 - Information C A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Borrower 1 Gap Credit Report is not expired.-Upon further review Not required - Due Diligence Vendor-12/01/2025 <br>Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-11/26/2025 |  | Resolved-Borrower 1 Gap Credit Report is not expired.-Upon further review Not required - Due Diligence Vendor-12/01/2025<br>| LTV is less than guideline maximum - 66.42% < 70% allowed<br>Months Reserves exceed minimum required - 6 months reserves required, qualifying reserves is 70 months |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6402385 |
| XXXX | 866852 | D A C | Closed | FCRE1491 | 2025-12-01 11:16 | 2025-12-09 16:05 | Resolved | 1 - Information C A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-12/09/2025 <br> Ready for Review-LOE - Due Diligence Vendor-12/05/2025 <br> Counter-Received translated statements for 1 account-missing translated statement for XXXX - Due Diligence Vendor-12/04/2025 <br> Ready for Review-LOE and supporting docs - Due Diligence Vendor-12/02/2025 <br> Open-Asset Qualification Does Not Meet Guideline Requirements Statements not in English nor translated - Due Diligence Vendor-12/01/2025 |  | Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-12/09/2025<br>| Months Reserves exceed minimum required - 13 mos reserves exceeds min 9 mos per guides<br>Long term residence - Per 1003 borrower was 21 years at primary residence<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 15.71 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6429030 |
| XXXX | 866852 | D A C | Closed | FCRE1510 | 2025-11-25 11:12 | 2025-12-08 18:38 | Resolved | 1 - Information C A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received security instrument w/legal. - Due Diligence Vendor-12/08/2025 <br>Ready for Review-Recorded Mtg - Due Diligence Vendor-12/05/2025 <br>Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Missing Sch A - Due Diligence Vendor-11/25/2025 |  | Resolved-Received security instrument w/legal. - Due Diligence Vendor-12/08/2025<br>| Months Reserves exceed minimum required - 13 mos reserves exceeds min 9 mos per guides<br>Long term residence - Per 1003 borrower was 21 years at primary residence<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 15.71 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6383065 |
| XXXX | 866852 | D A C | Closed | FCRE1317 | 2025-12-01 10:17 | 2025-12-04 10:47 | Resolved | 1 - Information C A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-Received confirmation business active since XXXX- Due Diligence Vendor-12/04/2025 <br> Ready for Review-LOE and supporting docs - Due Diligence Vendor-12/02/2025 <br> Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months CPA letter does not verify borrower in business 2 years. No other documentation found. - Due Diligence Vendor-12/01/2025 |  | Resolved-Received confirmation business active since XXXX- Due Diligence Vendor-12/04/2025 | Months Reserves exceed minimum required - 13 mos reserves exceeds min 9 mos per guides<br>Long term residence - Per 1003 borrower was 21 years at primary residence<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 15.71 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6428069 |
| XXXX | 866852 | D A C | Closed | FCRE5782 | 2025-12-01 14:47 | 2025-12-04 10:41 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM - Due Diligence Vendor-12/04/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/02/2025 <br>Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-12/01/2025 |  | Resolved-Received UDM - Due Diligence Vendor-12/04/2025<br>| Months Reserves exceed minimum required - 13 mos reserves exceeds min 9 mos per guides<br>Long term residence - Per 1003 borrower was 21 years at primary residence<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 15.71 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6433804 |
| XXXX | 866852 | D A C | Closed | FCOM3605 | 2025-11-25 11:56 | 2025-12-03 13:47 | Resolved | 1 - Information C A | Compliance | TRID | TRID: CD not delivered at least 3 days prior to consummation | Resolved------Received Initial CD dated XXXX. Finding Resolved. - Due Diligence Vendor-12/03/2025 <br> Ready for Review-ICD - Due Diligence Vendor-12/02/2025 <br> Open------Missing initial CD acknowledged by borrower a minimum of 3 days prior to consummation. Additional findings may apply upon receipt. Statute of Limitations 3 years- Expiration date is XXXX.<br> - Due Diligence Vendor-11/25/2025 |  | Resolved------Received Initial CD dated XXXX. Finding Resolved. - Due Diligence Vendor-12/03/2025 | Months Reserves exceed minimum required - 13 mos reserves exceeds min 9 mos per guides<br>Long term residence - Per 1003 borrower was 21 years at primary residence<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 15.71 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6385143 |
| XXXX | 869906 | C B A | Closed | FCRE1194 | 2025-12-29 08:15 | 2026-03-11 12:07 | Waived | 2 - Non-Material C B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator exception granted to allow 79.46% LTV with 75% max. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-01/21/2026 <br>Open-Audited LTV of 79.46% exceeds Guideline LTV of 75% - Due Diligence Vendor-12/29/2025 |  | Waived-Originator exception granted to allow 79.46% LTV with 75% max. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-01/21/2026<br>| Months Reserves exceed minimum required - 342.86 months reserves; 12 months reserves required.<br>DSCR % greater than 1.20 - DSCR is 1.50. 1.00 was required. | Exceeds reserves by 12 months<br> DSCR: 1.15. |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | 6828877 |
| XXXX | 869906 | C B A | Closed | FCRE2244 | 2025-12-29 07:41 | 2026-01-16 13:28 | Waived | 2 - Non-Material C B | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Waived-Originator exception granted to allow non-permanent heat source. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-01/16/2026 <br>Open-Property Issues are identified for the property Heat Source Not Permanent. - Due Diligence Vendor-12/29/2025 |  | Waived-Originator exception granted to allow non-permanent heat source. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-01/16/2026<br>| Months Reserves exceed minimum required - 342.86 months reserves; 12 months reserves required.<br>DSCR % greater than 1.20 - DSCR is 1.50. 1.00 was required. | Reserves exceed 12 months<br> DSCR: 1.15 |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | 6828131 |
| XXXX | 871607 | D A | Closed | FCRE5782 | 2025-12-01 17:42 | 2025-12-04 15:55 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM - Due Diligence Vendor-12/04/2025 <br> Ready for Review-UDN - Due Diligence Vendor-12/02/2025 <br> Open-Borrower 1 Gap Credit Report is Missing Gap credit report missing. UDM from XXXX not started. - Due Diligence Vendor-12/01/2025 |  | Resolved-Received UDM - Due Diligence Vendor-12/04/2025<br>| Long term residence - Borrower lived at departing residence for over 26 years.<br>Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO allowed is 720 - actual FICO is 796. Required is 720 Borrower has 796 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6437327 |
| XXXX | 871607 | D A | Closed | FCRE1510 | 2025-11-30 12:20 | 2025-12-04 15:54 | Resolved | 1 - Information C A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-12/04/2025 <br>Ready for Review-Recorded mtg - Due Diligence Vendor-12/02/2025 <br>Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Missing attached Exhibit A - Due Diligence Vendor-11/30/2025 |  | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-12/04/2025<br>| Long term residence - Borrower lived at departing residence for over 26 years.<br>Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO allowed is 720 - actual FICO is 796. Required is 720 Borrower has 796 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6422907 |
| XXXX | 871608 | D A C | Closed | FCRE1440 | 2025-12-01 14:08 | 2025-12-15 16:50 | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received confirmation no requirement and guidelines are silent on validation of rent free. - Due Diligence Vendor-12/15/2025 <br> Ready for Review-Please revisit. Please see the top of page 17 of the XXXX guidelines, Housing Payment History heading: "For any borrower with an obligated housing payment, see below". This borrower does not have an obligated housing payment; per the 1003, he has no primary housing expense. A rent free letter is not required and not mentioned in the guidelines. There is no obligated housing payment. Please clear and thank you! - Due Diligence Vendor-12/11/2025 <br> Counter-Housing payment history is required-missing confirmation of no housing obligation-rent free letter. - Due Diligence Vendor-12/11/2025 <br> Ready for Review-XXXX guides do not state we need a rent free letter. Please advise - Due Diligence Vendor-12/10/2025 <br> Counter-Confirmation of no housing expenses - rent free letter from owner reflecting time, relationship. - Due Diligence Vendor-12/04/2025 <br> Ready for Review-rent free letter not a requirement. - Due Diligence Vendor-12/03/2025 <br> Open-Housing History Does Not Meet Guideline Requirements Primary residence listed as living rent free on Final 1003 - Missing rent free letter from primary residence property owner. - Due Diligence Vendor-12/02/2025 |  | Resolved-Received confirmation no requirement and guidelines are silent on validation of rent free. - Due Diligence Vendor-12/15/2025<br>| Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income is $5,967.98. (minimum required $5,250).<br>Months Reserves exceed minimum required - Required months reserves is 6 months - actual months reserves 8.22 months. |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6433111 |
| XXXX | 871608 | D A C | Closed | FCRE5782 | 2025-12-01 14:08 | 2025-12-15 16:50 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM - Due Diligence Vendor-12/04/2025 <br> Ready for Review-UDN - Due Diligence Vendor-12/03/2025 <br> Open-Borrower 1 Gap Credit Report is Missing Missing Gap credit report - XXXX UDM section listed as not started yet. - Due Diligence Vendor-12/01/2025 |  | Resolved-Received UDM - Due Diligence Vendor-12/04/2025<br>| Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income is $5,967.98. (minimum required $5,250).<br>Months Reserves exceed minimum required - Required months reserves is 6 months - actual months reserves 8.22 months. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6433112 |
| XXXX | 871608 | D A C | Closed | finding-3352 | 2025-11-30 13:15 | 2025-12-11 10:02 | Resolved | 1 - Information C A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-HPML requirements have been met, no additional documentation is needed or required - Due Diligence Vendor-12/11/2025 <br> Counter-Received compliance report reflecting HPML - Due Diligence Vendor-12/04/2025 <br> Ready for Review-CE - passing HPML - Due Diligence Vendor-12/03/2025 <br> 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. -----Statute of limitations – One year; Expiration date: XXXX- Due Diligence Vendor-11/30/2025 |  | Resolved-HPML requirements have been met, no additional documentation is needed or required - Due Diligence Vendor-12/11/2025<br>| Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income is $5,967.98. (minimum required $5,250).<br>Months Reserves exceed minimum required - Required months reserves is 6 months - actual months reserves 8.22 months. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6422993 |
| XXXX | 871608 | D A C | Closed | FCRE1510 | 2025-11-30 12:29 | 2025-12-04 17:18 | Resolved | 1 - Information C A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-12/04/2025 <br>Ready for Review-recorded mtg - Due Diligence Vendor-12/03/2025 <br>Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. ----- missing legal description<br> - Due Diligence Vendor-11/30/2025 |  | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-12/04/2025<br>| Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income is $5,967.98. (minimum required $5,250).<br>Months Reserves exceed minimum required - Required months reserves is 6 months - actual months reserves 8.22 months. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6422924 |
| XXXX | 871609 | D A | Closed | FCRE1506 | 2025-12-01 13:51 | 2025-12-04 12:27 | Resolved | 1 - Information C A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received missing income documentation. - Due Diligence Vendor-12/04/2025 <br> Ready for Review-12 months - Due Diligence Vendor-12/01/2025 <br> Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. XXXX only 7 months bank statements provided. XXX overlays do not allow for bank statement doc type less than 12 month's bank statements. Audit is unable to use any income from this bank account resulting in an excessive DTI. - Due Diligence Vendor-12/01/2025 |  | Resolved-Received missing income documentation. - Due Diligence Vendor-12/04/2025<br>| Months Reserves exceed minimum required - 6 months required reserves - actual reserves is 10 months.<br>Qualifying DTI below maximum allowed - Required is 45 Borrower has 37.77<br>Qualifying FICO score is at least 20 points above minimum for program - Minimum allowable FICO score is 720 - actual FICO score is 819. Required is 720 Borrower has 819 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6432700 |
| XXXX | 871609 | D A | Closed | FCRE1193 | 2025-12-01 10:16 | 2025-12-04 12:23 | Resolved | 1 - Information C A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Received 12 months bank statements for XXXX. Audited DTI of 37.77% is less than or equal to Guideline DTI of 45% - Due Diligence Vendor-12/04/2025 <br> Ready for Review-12 months - Due Diligence Vendor-12/01/2025 <br> Open-Audited DTI of 198.81% exceeds Guideline DTI of 45% DTI exceeds guidelines due to missing months bank statement on 12 month bank statement loan. 12 months provided for acct XXXX. XXXX(only 7 months provided - ranging from XXXX). XXXX overlays do not allow for bank statement doc type less than 12 month's bank statements. Audit is unable to use any income from this bank account resulting in an excessive DTI. - Due Diligence Vendor-12/01/2025 |  | Resolved-Received 12 months bank statements for XXXX. Audited DTI of 37.77% is less than or equal to Guideline DTI of 45% - Due Diligence Vendor-12/04/2025 | Months Reserves exceed minimum required - 6 months required reserves - actual reserves is 10 months.<br>Qualifying DTI below maximum allowed - Required is 45 Borrower has 37.77<br>Qualifying FICO score is at least 20 points above minimum for program - Minimum allowable FICO score is 720 - actual FICO score is 819. Required is 720 Borrower has 819 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6428057 |
| XXXX | 871609 | D A | Closed | FCRE5782 | 2025-12-01 09:22 | 2025-12-04 12:22 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Borrower 1 Gap Credit Report - Due Diligence Vendor-12/04/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/01/2025 <br>Open-Borrower 1 Gap Credit Report is Missing GAP report missing - Due Diligence Vendor-12/01/2025 |  | Resolved-Received Borrower 1 Gap Credit Report - Due Diligence Vendor-12/04/2025<br>| Months Reserves exceed minimum required - 6 months required reserves - actual reserves is 10 months.<br>Qualifying DTI below maximum allowed - Required is 45 Borrower has 37.77<br>Qualifying FICO score is at least 20 points above minimum for program - Minimum allowable FICO score is 720 - actual FICO score is 819. Required is 720 Borrower has 819 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6427097 |
| XXXX | 871609 | D A | Closed | FCRE5783 | 2025-12-01 09:22 | 2025-12-04 12:22 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Received Borrower 2 Gap Credit Report - Due Diligence Vendor-12/04/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/01/2025 <br>Open-Borrower 2 Gap Credit Report is Missing GAP report missing - Due Diligence Vendor-12/01/2025 |  | Resolved-Received Borrower 2 Gap Credit Report - Due Diligence Vendor-12/04/2025<br>| Months Reserves exceed minimum required - 6 months required reserves - actual reserves is 10 months.<br>Qualifying DTI below maximum allowed - Required is 45 Borrower has 37.77<br>Qualifying FICO score is at least 20 points above minimum for program - Minimum allowable FICO score is 720 - actual FICO score is 819. Required is 720 Borrower has 819 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6427098 |
| XXXX | 871609 | D A | Closed | FCRE1325 | 2025-12-01 13:41 | 2025-12-04 12:20 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received Department of State. - Due Diligence Vendor-12/04/2025 <br>Ready for Review-Borrower Ownership is 50% - listed on page 7 - Due Diligence Vendor-12/01/2025 <br>Open-Borrower 1 CPA Letter Missing Missing account letter or equivalent showing borrower has 50% ownership of the business. Pg 424 entity printout from 2015 shows two owners but no ownership percentage. The bank account change paperwork provided does not suffice and still does not indicate ownership percentage. - Due Diligence Vendor-12/01/2025 |  | Resolved-Received Department of State. - Due Diligence Vendor-12/04/2025<br>| Months Reserves exceed minimum required - 6 months required reserves - actual reserves is 10 months.<br>Qualifying DTI below maximum allowed - Required is 45 Borrower has 37.77<br>Qualifying FICO score is at least 20 points above minimum for program - Minimum allowable FICO score is 720 - actual FICO score is 819. Required is 720 Borrower has 819 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6432347 |
| XXXX | 871610 | D A | Closed | FCOM1352 | 2025-12-01 12:16 | 2025-12-04 12:00 | Resolved | 1 - Information D A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received Business Purpose & Occupancy Affidavit - Due Diligence Vendor-12/04/2025 <br>Ready for Review-Business Purpose - Due Diligence Vendor-12/01/2025 <br>Open-The Business Purpose Affidavit Disclosure is Missing missing BPC - Due Diligence Vendor-12/01/2025 |  | Resolved-Received Business Purpose & Occupancy Affidavit - Due Diligence Vendor-12/04/2025<br>| On time mortgage history exceeds guideline requirement - Credit report in file shows current mortgage loan 0x30 - 76 months reviewed.<br>Months Reserves exceed minimum required - Required reserves are 4 months - actual reserves are 32.96 months. |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6430423 |
| XXXX | 872920 | D A | Closed | FCRE9549 | 2025-12-03 14:46 | 2025-12-17 17:24 | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Credit Report Supplement | Resolved-Received credit supplement. - Due Diligence Vendor-12/17/2025 <br> Ready for Review-Credit Supplement - Due Diligence Vendor-12/16/2025 <br> Open-Missing Credit Report Supplement for XXXX showing paid in full/closed - Due Diligence Vendor-12/03/2025 |  | Resolved-Received credit supplement. - Due Diligence Vendor-12/17/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 759<br>Credit history exceeds minimum required - 220 months Credit history exceeds minimum required 12 months |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6471440 |
| XXXX | 872922 | D A | Closed | FCRE9549 | 2025-12-03 15:47 | 2025-12-17 17:22 | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Credit Report Supplement | Resolved-Received credit supplement. - Due Diligence Vendor-12/17/2025 <br> Ready for Review-Credit Supplement - Due Diligence Vendor-12/16/2025 <br> Open-Missing Credit Report Supplement for XXXX showing paid in full/closed - Due Diligence Vendor-12/03/2025 |  | Resolved-Received credit supplement. - Due Diligence Vendor-12/17/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 759<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.83 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6472796 |
| XXXX | 876008 | D A | Closed | FCRE5782 | 2025-12-04 12:35 | 2025-12-10 17:34 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM - Due Diligence Vendor-12/10/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/08/2025 <br>Open-Borrower 1 Gap Credit Report is Missing. The Gap Report OR UDM is required. - Due Diligence Vendor-12/04/2025 |  | Resolved-Received UDM - Due Diligence Vendor-12/10/2025<br>| Qualifying DTI below maximum allowed - DTI is 31.29% and max allowed is 45% Required is 45 Borrower has 31.29<br>On time mortgage history exceeds guideline requirement - On time mortgage history exceeds guideline requirement by 0x30 >than 38 months. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6487428 |
| XXXX | 876008 | D A | Closed | FCRE1325 | 2025-12-04 12:29 | 2025-12-10 17:33 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CPA letter and CPA verification. - Due Diligence Vendor-12/10/2025 <br>Ready for Review-CPA Letter and validation - Due Diligence Vendor-12/08/2025 <br>Open-Borrower 1 CPA Letter Missing . Missing current/active license or certification for the preparer that provide the CPA Letter.• Underwriter must validate CPA/ Licensed Tax Preparer credentials. - Due Diligence Vendor-12/04/2025 |  | Resolved-Received CPA letter and CPA verification. - Due Diligence Vendor-12/10/2025<br>| Qualifying DTI below maximum allowed - DTI is 31.29% and max allowed is 45% Required is 45 Borrower has 31.29<br>On time mortgage history exceeds guideline requirement - On time mortgage history exceeds guideline requirement by 0x30 >than 38 months. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6487259 |
| XXXX | 878914 | A |  |  |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA |  |  |  |
| XXXX | 880631 | D A | Closed | FCRE1194 | 2025-12-08 16:27 | 2025-12-12 17:01 | Resolved | 1 - Information C A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Confirmed the guidelines are XXXX guidelines which allows a LTV to 90%. - Due Diligence Vendor-12/12/2025 <br> Ready for Review-Please revisit. Per XXXX guidelines, the max LTV is 90% for a bank statement loan, < XXXX loan amount, with minimum credit score of 720for a purchase transaction. (Please note that this loan is not under the XXXX which would go to max LTV of 85%). 90% LTV is acceptable. Thank you! - Due Diligence Vendor-12/11/2025 <br> Open-Audited LTV of 90% exceeds Guideline LTV of 85% - Due Diligence Vendor-12/08/2025 |  | Resolved-Confirmed the guidelines are XXXX guidelines which allows a LTV to 90%. - Due Diligence Vendor-12/12/2025 | Qualifying DTI below maximum allowed - Required is 50 Borrower has 15.95<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762 |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6536712 |
| XXXX | 880631 | D A | Closed | FCRE5782 | 2025-12-08 16:08 | 2025-12-12 15:50 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM - Due Diligence Vendor-12/12/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/12/2025 <br>Open-Borrower 1 Gap Credit Report is Missing Missing the required GAP credit report or undisclosed debt monitoring. - Due Diligence Vendor-12/10/2025 |  | Resolved-Received UDM - Due Diligence Vendor-12/12/2025<br>| Qualifying DTI below maximum allowed - Required is 50 Borrower has 15.95<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6536340 |
| XXXX | 880632 | D A | Closed | FCRE1506 | 2025-12-09 08:20 | 2026-01-08 15:57 | Resolved | 1 - Information C A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-FNMA requires the mortgage history to be current within 45 days of the initial 1003, which is dated XXXX. Both 3b & 3c are due from XXXX. Mortgage statements p. 741 confirms property 3d was due for XXXX. - Due Diligence Vendor-01/08/2026 <br> Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. - Due Diligence Vendor-12/09/2025 |  | Resolved-FNMA requires the mortgage history to be current within 45 days of the initial 1003, which is dated XXXX. Both 3b & 3c are due from XXXX. Mortgage statements p. 741 confirms property 3d was due for XXXX. - Due Diligence Vendor-01/08/2026 | Verified employment history exceeds guidelines - Verified employment history exceeds guidelines by 9 years.<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 745 in minimum allowed is 660 Required is 660 Borrower has 745 |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6544725 |
| XXXX | 880632 | D A | Closed | FCRE1440 | 2025-12-09 08:10 | 2026-01-08 15:55 | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-FNMA requires the mortgage history to be current within 45 days of the initial 1003, which is dated XXXX. Both 3b & 3c are due from XXXX. Mortgage statements p. 741 confirms property 3d was due for XXXX - Due Diligence Vendor-01/08/2026 <br> Counter-3c is reporting on the credit report - Due Diligence Vendor-12/24/2025 <br> Ready for Review-We are using the AUS to waive housing history verification. We do not require the housing history to be verified even if AUS is requiring housing history because the mortgage is not reporting on the credit report. An AUS approve waives housing history verification. Please advise. - Due Diligence Vendor-12/22/2025 <br> Counter-Received narrative regarding income. Finding remains. - Due Diligence Vendor-12/17/2025 <br> Ready for Review-UW LOE - Due Diligence Vendor-12/16/2025 <br> Counter-3c and 3d properties are reporting on the credit. Not eligible for the AUS approved. - Due Diligence Vendor-12/15/2025 <br> Ready for Review-AUS in lieu of housing history - Due Diligence Vendor-12/12/2025 <br> Open-Housing History Does Not Meet Guideline Requirements Missing a complete 12 month mortgage history on the subject property. missing XXXX payment for 3c.Missing payments for XXXX for 3d. - Due Diligence Vendor-12/12/2025 |  | Resolved-FNMA requires the mortgage history to be current within 45 days of the initial 1003, which is dated XXXX. Both 3b & 3c are due from XXXX. Mortgage statements p. 741 confirms property 3d was due for XXXX. - Due Diligence Vendor-01/08/2026 | Verified employment history exceeds guidelines - Verified employment history exceeds guidelines by 9 years.<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 745 in minimum allowed is 660 Required is 660 Borrower has 745 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6544600 |
| XXXX | 880632 | D A | Closed | FCRE5782 | 2025-12-09 08:13 | 2026-01-08 15:52 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDN - Due Diligence Vendor-12/15/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/12/2025 <br>Open-Borrower 1 Gap Credit Report is Missing The Gap Report or UDM is required.Additional findings may apply. - Due Diligence Vendor-12/12/2025 |  | Resolved-Received UDN - Due Diligence Vendor-12/15/2025<br>| Verified employment history exceeds guidelines - Verified employment history exceeds guidelines by 9 years.<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 745 in minimum allowed is 660 Required is 660 Borrower has 745 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6544645 |
| XXXX | 880632 | D A | Closed | FCRE1964 | 2025-12-09 08:51 | 2025-12-17 17:11 | Resolved | 1 - Information D A | Credit | Missing Doc | Missing income documentation | Resolved-Received confirmation of monthly rents received. - Due Diligence Vendor-12/17/2025 <br>Ready for Review-UW LOE - Due Diligence Vendor-12/16/2025 <br>Open-Missing income documentation. Properties with expired leases that have converted to month to month per the terms of the lease will require documentation of rents received for the lesser of 2 months.Missing proof of 2 months rent for 3b,3c and 3d. - Due Diligence Vendor-12/12/2025 |  | Resolved-Received confirmation of monthly rents received. - Due Diligence Vendor-12/17/2025<br>| Verified employment history exceeds guidelines - Verified employment history exceeds guidelines by 9 years.<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 745 in minimum allowed is 660 Required is 660 Borrower has 745 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6545153 |
| XXXX | 880632 | D A | Closed | FCRE7497 | 2025-12-10 16:13 | 2025-12-17 17:08 | Resolved | 1 - Information D A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received re taxes and HOI. - Due Diligence Vendor-12/17/2025 <br> Ready for Review-XXXX docs - Due Diligence Vendor-12/16/2025 <br> Open-Missing verification of taxes and insurance for property 3b or verification the taxes and insurance are escrowed in the monthly payment. - Due Diligence Vendor-12/12/2025 |  | Resolved-Received re taxes and HOI. - Due Diligence Vendor-12/17/2025<br>| Verified employment history exceeds guidelines - Verified employment history exceeds guidelines by 9 years.<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 745 in minimum allowed is 660 Required is 660 Borrower has 745 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 6574514 |
| XXXX | 883954 | C A | Closed | FCRE1194 | 2025-12-09 17:35 | 2025-12-17 17:02 | Resolved | 1 - Information C A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Upon further review, the loan file contained all required documentation for LTV of 75%. - Due Diligence Vendor-12/17/2025 <br>Ready for Review-the DSCR is 1.27 and the program is > 1.00, so I'm not sure where that is coming from - Due Diligence Vendor-12/16/2025 <br>Open-Audited LTV of 75% exceeds Guideline LTV of 70% Maximum LTV with DSCR of 0.80 cash-out is 70% - Due Diligence Vendor-12/09/2025 |  | Resolved-Upon further review, the loan file contained all required documentation for LTV of 75%. - Due Diligence Vendor-12/17/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740 Required is 700 Borrower has 740<br>Months Reserves exceed minimum required - Minimum reserves are 6 months, Borrower has 22.96 months<br>DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.276 Required is 0.8 Borrower has 1.276 |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6557779 |
| XXXX | 883954 | C A | Closed | FCRE1510 | 2025-12-09 09:43 | 2025-12-17 16:56 | Resolved | 1 - Information C A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-12/17/2025 <br>Ready for Review-DOT recorded with the legal description - Due Diligence Vendor-12/17/2025 <br>Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Exhibit A Legal is missing - Due Diligence Vendor-12/09/2025 |  | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-12/17/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740 Required is 700 Borrower has 740<br>Months Reserves exceed minimum required - Minimum reserves are 6 months, Borrower has 22.96 months<br>DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.276 Required is 0.8 Borrower has 1.276 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6546009 |
| XXXX | 883954 | C A | Closed | FCRE1148 | 2025-12-09 13:48 | 2025-12-17 16:54 | Resolved | 1 - Information C A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received updated preliminary title reflecting sufficient coverage. - Due Diligence Vendor-12/17/2025 <br> Ready for Review-title SUPPLEMENT - Due Diligence Vendor-12/15/2025 <br> Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Loan amount is XXXX, title coverage is XXXX which is not sufficient coverage. - Due Diligence Vendor-12/09/2025 |  | Resolved-Received updated preliminary title reflecting sufficient coverage. - Due Diligence Vendor-12/17/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740 Required is 700 Borrower has 740<br>Months Reserves exceed minimum required - Minimum reserves are 6 months, Borrower has 22.96 months<br>DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.276 Required is 0.8 Borrower has 1.276 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6553429 |
| XXXX | 883954 | C A | Closed | FCRE1232 | 2025-12-09 16:32 | 2025-12-15 10:23 | Resolved | 1 - Information C A | Credit | Eligibility | Calculated DSCR does not meet the Minimum DSCR allowed | Resolved-The Calculated DSCR is equal to or exceeds the minimum DSCR per lender guidelines or Not Applicable. - Due Diligence Vendor-12/15/2025 <br>Open-The Calculated DSCR of '0.532' is less than the minimum DSCR per lender guidelines of '0.8'. there is no DSCR calculation from the lender. 1008 reflects DSCR of 1.27 and lock reflects DSCR of 1.54. PITI matches. No lease in file. Market rent was used resulting in audit DSCR of 0.532. - Due Diligence Vendor-12/10/2025 |  | Resolved-The Calculated DSCR is equal to or exceeds the minimum DSCR per lender guidelines or Not Applicable. - Due Diligence Vendor-12/15/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740 Required is 700 Borrower has 740<br>Months Reserves exceed minimum required - Minimum reserves are 6 months, Borrower has 22.96 months<br>DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.276 Required is 0.8 Borrower has 1.276 |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6556764 |
| XXXX | 886088 | C A | Closed | FCRE0183 | 2025-12-10 15:39 | 2025-12-15 16:42 | Resolved | 1 - Information C A | Credit | Eligibility | Required Spousal Consent to Pledge form is missing | Resolved-Received confirmation not required. - Due Diligence Vendor-12/15/2025 <br>Ready for Review-Attestation - Due Diligence Vendor-12/12/2025 <br>Open-The required spousal consent to pledge form is missing. Required Spousal Consent to Pledge form is missing - Due Diligence Vendor-12/10/2025 |  | Resolved-Received confirmation not required. - Due Diligence Vendor-12/15/2025<br>| Months Reserves exceed minimum required - 39.51 months reserves; 4 months reserves required.<br>LTV is less than guideline maximum - LTV 56.61%. LTV Allowed 70%. Required is 70 Borrower has 56.61 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6573884 |
| XXXX | 888783 | D B A C | Closed | FCRE1506 | 2025-12-10 14:28 | 2025-12-17 17:20 | Resolved | 1 - Information C A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received confirmation AUS considered in lieu of VOR. Approve Ineligible for loan amount only received. - Due Diligence Vendor-12/17/2025 <br>Ready for Review-DU does have Approved status. Please advise. - Due Diligence Vendor-12/16/2025 <br>Counter-AUS in file is not approved as required by the guidelines. - Due Diligence Vendor-12/15/2025 <br>Ready for Review-Please revisit. Per 1008, the AUS was used in lieu of a housing history, which is acceptable per page 17 of the guidelines. Please see DU findings report in file. Thank you! - Due Diligence Vendor-12/12/2025 <br>Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing 12 month VOR on current home. - Due Diligence Vendor-12/11/2025 |  | Resolved-Received confirmation AUS considered in lieu of VOR. Approve Ineligible for loan amount only received. - Due Diligence Vendor-12/17/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Score is 805 and minimum allowed is 720 Required is 720 Borrower has 805<br>Qualifying DTI below maximum allowed - DTI is 12.5% and max allowed is 50% Required is 50 Borrower has 12.5 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6572502 |
| XXXX | 888783 | D B A C | Closed | FCRE1440 | 2025-12-10 14:23 | 2025-12-17 17:17 | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received confirmation AUS considered in lieu of VOR. Approve/Ineligible for loan amount only received. - Due Diligence Vendor-12/17/2025 <br>Ready for Review-DU does have Approved status. Please advise. - Due Diligence Vendor-12/16/2025 <br>Counter-AUS in file is not approved as required by the guidelines. - Due Diligence Vendor-12/15/2025 <br>Ready for Review-Please revisit. Per 1008, the AUS was used in lieu of a housing history, which is acceptable per page 17 of the guidelines. Please see DU findings report in file. Thank you! - Due Diligence Vendor-12/12/2025 <br>Open-Housing History Does Not Meet Guideline Requirements. Missing Verification of Rent (VOR) . - Due Diligence Vendor-12/10/2025 |  | Resolved-Received confirmation AUS considered in lieu of VOR. Approve/Ineligible for loan amount only received. - Due Diligence Vendor-12/17/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Score is 805 and minimum allowed is 720 Required is 720 Borrower has 805<br>Qualifying DTI below maximum allowed - DTI is 12.5% and max allowed is 50% Required is 50 Borrower has 12.5 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6572387 |
| XXXX | 888783 | D B A C | Closed | FCRE5782 | 2025-12-10 14:23 | 2025-12-17 17:17 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDN - Due Diligence Vendor-12/15/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/12/2025 <br>Open-Borrower 1 Gap Credit Report is Missing. The Gap Report or UDM is required. - Due Diligence Vendor-12/10/2025 |  | Resolved-Received UDN - Due Diligence Vendor-12/15/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Score is 805 and minimum allowed is 720 Required is 720 Borrower has 805<br>Qualifying DTI below maximum allowed - DTI is 12.5% and max allowed is 50% Required is 50 Borrower has 12.5 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6572388 |
| XXXX | 888783 | D B A C | Closed | FPRO1257 | 2025-12-10 13:52 | 2025-12-15 16:14 | Resolved | 1 - Information C A | Property | Value | Primary Property Value is not Substantiated | Resolved-Received SSR with a CU score of 1 - Due Diligence Vendor-12/15/2025 <br>Ready for Review-UCDP - CU Score 1 - Due Diligence Vendor-12/12/2025 <br>Open-The Primary Property Value is unsubstantiated. Additional valuation product is required. Provide a secondary valuation that support the appraised value. - Due Diligence Vendor-12/10/2025 |  | Resolved-Received SSR with a CU score of 1 - Due Diligence Vendor-12/15/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Score is 805 and minimum allowed is 720 Required is 720 Borrower has 805<br>Qualifying DTI below maximum allowed - DTI is 12.5% and max allowed is 50% Required is 50 Borrower has 12.5 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6571774 |
| XXXX | 888783 | D B A C | Closed | FCRE0970 | 2025-12-10 13:55 | 2025-12-11 17:07 | Waived | 2 - Non-Material C B | Credit | Eligibility | Appraisal has issues (credit) | Waived-Originator waiver applied to non material finding - Due Diligence Vendor-12/11/2025 <br> Open-Appraisal has issues (credit). Provide an Appraisal Addendum with the correct sales price of XXXX - Due Diligence Vendor-12/10/2025 |  | Waived-Originator waiver applied to non material finding - Due Diligence Vendor-12/11/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Score is 805 and minimum allowed is 720 Required is 720 Borrower has 805<br>Qualifying DTI below maximum allowed - DTI is 12.5% and max allowed is 50% Required is 50 Borrower has 12.5 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 6571834 |
| XXXX | 888784 | A |  |  |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other |  |  |  |
| XXXX | 895800 | C A | Closed | FCRE0095 | 2025-12-16 14:20 | 2026-01-21 16:18 | Resolved | 1 - Information C A | Credit | Eligibility | Short Term Rental Income does not meet guidelines | Resolved-Market score is not required when using XXXX. - Due Diligence Vendor-01/21/2026 <br> Ready for Review-Please revisit. Please see page 18 of the XXXX DSCR guidelines, Short Term Rent (STR) section. In accordance with guidelines, a 12 month lookback was provided with the XXXX documentation in the file. The stip comments for market score are not required for this loan. The section marked "For DSCR >= 1.0 only." is not applicable in this case as it is for "Property acquired, or placed in service, in the two months prior to application date, which are vacant due to borrowers updating the property. " See first sentence of that section for reference. Please clear and thank you! - Due Diligence Vendor-01/20/2026 <br> Counter-Please provide Market or Sub-Market score of 60 or better required for the ADU STR. - Due Diligence Vendor-01/16/2026 <br> Ready for Review-LOE and supporting docs - Due Diligence Vendor-01/14/2026 <br> Counter-Received email. Short Term Rental Income does not meet guidelines. Use of an STR "Rentalizer" from online data provider XXXX was used for income qualification. Missing Market or Sub-Market score of 60 or better. Market score is required if using XXXX income. Finding remains. - Due Diligence Vendor-12/19/2025 <br> Ready for Review-LOE - Due Diligence Vendor-12/18/2025 <br> Open-Short Term Rental Income does not meet guidelines. Use of an STR "Rentalizer" from online data provider XXXX was used for income qualification. Missing Market or Sub-Market score of 60 or better. Market score is required if using XXXX income. - Due Diligence Vendor-12/17/2025 |  | Resolved-Market score is not required when using XXXX. - Due Diligence Vendor-01/21/2026<br>| LTV is less than guideline maximum - Required is 75. Borrower has 65.67. Required is 75 Borrower has 65.67<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660. Borrower has 777. Required is 660 Borrower has 777 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6648496 |
| XXXX | 895800 | C A | Closed | FCRE0113 | 2025-12-16 14:15 | 2026-01-16 16:31 | Resolved | 1 - Information C A | Credit | Eligibility | Property/Appraisal General (Credit) | Resolved-Upon further review, the ADU meets the guideline requirements. - Due Diligence Vendor-01/16/2026 <br>Ready for Review-Per appraisal the ADU is legal and permitted - Due Diligence Vendor-01/14/2026 <br>Counter-Received appraisal. Picture of kitchenette does not reflect a stove or stove hookup. - Due Diligence Vendor-12/19/2025 <br>Ready for Review-LOE - Due Diligence Vendor-12/18/2025 <br>Open-Property/Appraisal General (Credit). Subject has an ADU, and must have a kitchen (with a stove/hookup), sleeping area, and bathroom. Subject does not reflect a stove top hook up. - Due Diligence Vendor-12/17/2025 |  | Resolved-Upon further review, the ADU meets the guideline requirements. - Due Diligence Vendor-01/16/2026<br>| LTV is less than guideline maximum - Required is 75. Borrower has 65.67. Required is 75 Borrower has 65.67<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660. Borrower has 777. Required is 660 Borrower has 777 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6648407 |
| XXXX | 895800 | C A | Closed | FCRE1440 | 2025-12-16 14:37 | 2026-01-16 16:20 | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-01/16/2026 <br> Ready for Review-The previous residence was not sold. - Due Diligence Vendor-01/14/2026 <br> Counter-Received partial history for XXXX Finding indicate XXXX. 12mo history not provided. - Due Diligence Vendor-12/19/2025 <br> Ready for Review-LOE and supporting documents - Due Diligence Vendor-12/18/2025 <br> Open-Housing History Does Not Meet Guideline Requirements. Missing a complete 12 month history for the borrower's current and previous primary residences; XXXX. - Due Diligence Vendor-12/16/2025 |  | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-01/16/2026<br>| LTV is less than guideline maximum - Required is 75. Borrower has 65.67. Required is 75 Borrower has 65.67<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660. Borrower has 777. Required is 660 Borrower has 777 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6648881 |
| XXXX | 895801 | A |  |  |  |  |  | A |  |  |  |  |  |  |  |  |  | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA |  |  |  |
| XXXX | 898777 | C A | Closed | FVAL2477 | 2025-12-18 14:49 | 2025-12-24 15:52 | Resolved | 1 - Information C A | Property | Appraisal | Appraisal incomplete (missing map, layout, pages, etc.) | Resolved-Received legible copy of the Appraisal. - Due Diligence Vendor-12/24/2025 <br>Ready for Review-Appraisal - Due Diligence Vendor-12/22/2025 <br>Open-Appraisal incomplete (missing map, layout, pages, etc.). Several pages cut off at the bottom. Please provide full appraisals with all pages complete. - Due Diligence Vendor-12/18/2025 |  | Resolved-Received legible copy of the Appraisal. - Due Diligence Vendor-12/24/2025<br>| Qualifying FICO score is at least 20 points above minimum for program - Score is 764 and minimum allowed is 640 Required is 640 Borrower has 764<br>LTV is less than guideline maximum - LTV is 65% and max allowed is 75% Required is 75 Borrower has 65 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 6690205 |
| XXXX | 900139 | D A | Closed | FCRE5782 | 2025-12-23 10:37 | 2025-12-29 16:15 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM - Due Diligence Vendor-12/29/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/24/2025 <br>Open-Borrower 1 Gap Credit Report is Missing Missing the undisclosed debt monitoring required by the guidelines. - Due Diligence Vendor-12/23/2025 |  | Resolved-Received UDM - Due Diligence Vendor-12/29/2025<br>| Credit history exceeds minimum required - 24 months required. 204 months provided. <br>Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 783<br>Verified employment history exceeds guidelines - Borrower has been with current employer since 2020. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 6760046 |
| XXXX | 900139 | D A | Closed | FCRE1316 | 2025-12-23 10:17 | 2025-12-29 16:13 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received Verification of employment for both income sources. - Due Diligence Vendor-12/29/2025 <br>Ready for Review-VOEs - Due Diligence Vendor-12/24/2025 <br>Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing verification of the borrowers business within 30 days of the note date required by the guidelines. - Due Diligence Vendor-12/23/2025 |  | Resolved-Received Verification of employment for both income sources. - Due Diligence Vendor-12/29/2025<br>| Credit history exceeds minimum required - 24 months required. 204 months provided. <br>Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 783<br>Verified employment history exceeds guidelines - Borrower has been with current employer since 2020. |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 6759516 |
| XXXX | 901529 | D A | Closed | FCRE1206 | 2025-12-23 16:30 | 2026-01-09 16:17 | Resolved | 1 - Information C A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received OFAC clearance. - Due Diligence Vendor-01/09/2026 <br> Ready for Review-OFAC results - Due Diligence Vendor-01/07/2026 <br> Counter-Received Sam. Missing proof Settlement agent and the Sellers included in list of participants checked. - Due Diligence Vendor-12/31/2025 <br> Ready for Review-LDP search results - Due Diligence Vendor-12/30/2025 <br> Counter-Fraud Report provided did not include the Settlement agent or the Sellers. - Due Diligence Vendor-12/29/2025 <br> Ready for Review-XXXX and LDP/GSA - Due Diligence Vendor-12/24/2025 <br> Open-All Interested Parties Not Checked with Exclusionary Lists All parties to the transaction were not included in the exclusionary list or OFAC check. - Due Diligence Vendor-12/23/2025 |  | Resolved-Received OFAC clearance. - Due Diligence Vendor-01/09/2026<br>| Qualifying DTI below maximum allowed - Required is 45 Borrower has 26.86<br>LTV is less than guideline maximum - Required is 80 Borrower has 70<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 782 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6772535 |
| XXXX | 901529 | D A | Closed | FCRE7806 | 2025-12-23 16:23 | 2025-12-29 16:05 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received Bank Statement Income Worksheet - Due Diligence Vendor-12/29/2025 <br>Ready for Review-worksheet - Due Diligence Vendor-12/24/2025 <br>Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Missing the lenders bank statement income worksheet. - Due Diligence Vendor-12/23/2025 |  | Resolved-Received Bank Statement Income Worksheet - Due Diligence Vendor-12/29/2025<br>| Qualifying DTI below maximum allowed - Required is 45 Borrower has 26.86<br>LTV is less than guideline maximum - Required is 80 Borrower has 70<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 782 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6772349 |
| XXXX | 901529 | D A | Closed | FCRE5782 | 2025-12-23 13:27 | 2025-12-29 16:04 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Borrower 1 Gap Credit Report - Due Diligence Vendor-12/29/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/24/2025 <br>Open-Borrower 1 Gap Credit Report is Missing UDM shows monitoring not started. - Due Diligence Vendor-12/23/2025 |  | Resolved-Received Borrower 1 Gap Credit Report - Due Diligence Vendor-12/29/2025<br>| Qualifying DTI below maximum allowed - Required is 45 Borrower has 26.86<br>LTV is less than guideline maximum - Required is 80 Borrower has 70<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 782 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6765143 |
| XXXX | 901529 | D A | Closed | FCRE5783 | 2025-12-23 13:27 | 2025-12-29 16:04 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Received Borrower 2 Gap Credit Report - Due Diligence Vendor-12/29/2025 <br>Ready for Review-UDN - Due Diligence Vendor-12/24/2025 <br>Open-Borrower 2 Gap Credit Report is Missing UDM shows monitoring not started. - Due Diligence Vendor-12/23/2025 |  | Resolved-Received Borrower 2 Gap Credit Report - Due Diligence Vendor-12/29/2025<br>| Qualifying DTI below maximum allowed - Required is 45 Borrower has 26.86<br>LTV is less than guideline maximum - Required is 80 Borrower has 70<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 782 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6765144 |
| XXXX | 905841 | C A | Closed | FCRE1510 | 2025-12-22 14:59 | 2025-12-30 17:34 | Resolved | 1 - Information C A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-12/30/2025 <br>Ready for Review-Mtg - Complete - Due Diligence Vendor-12/29/2025 <br>Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing attached legal description - Due Diligence Vendor-12/29/2025 |  | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-12/30/2025<br>| Months Reserves exceed minimum required - 4 months required ; borrower has 16 months reserves<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 764 Required is 660 Borrower has 764<br>LTV is less than guideline maximum - Required is 80 Borrower has 75 Required is 80 Borrower has 75 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6744639 |
| XXXX | 916300 | C A | Closed | FCRE1297 | 2025-12-31 12:06 | 2026-01-12 14:49 | Resolved | 1 - Information C A | Credit | Income/Employment | Income 6 Months Income Verified is Missing | Resolved-Upon further review, the loan file contained all required PITIA for 3f documentation. - Due Diligence Vendor-01/12/2026 <br>Ready for Review-Not required per property report in the loan file this is vacant land. - Due Diligence Vendor-01/09/2026 <br>Open-Income 6 Months Income Verified is Missing REO 3F missing proof of PITIA. - Due Diligence Vendor-12/31/2025 |  | Resolved-Upon further review, the loan file contained all required PITIA for 3f documentation. - Due Diligence Vendor-01/12/2026<br>| LTV is less than guideline maximum - Required is 85 Borrower has 75<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 19.39<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 814 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6876551 |
| XXXX | 916300 | C A | Closed | FCRE1296 | 2025-12-31 12:06 | 2026-01-12 14:44 | Resolved | 1 - Information C A | Credit | Income/Employment | Income 5 Months Income Verified is Missing | Resolved-Upon further review, the loan file contained all required PITIA for 3e HOI and confirming no HOA documentation. - Due Diligence Vendor-01/12/2026 <br> Ready for Review-The loan file has proof of the HAZ Ins Policy.. see attached,.<br> Proof of borrower has HOA or not is required, pre property report in the loan file. Property is a XXXX. HOA does not apply. <br> - Due Diligence Vendor-01/09/2026 <br> Open-Income 5 Months Income Verified is Missing REO 3E. Taxes provided; missing proof of hazard insurance and/or HOA. - Due Diligence Vendor-12/31/2025 |  | Resolved-Upon further review, the loan file contained all required PITIA for 3e HOI and confirming no HOA documentation. - Due Diligence Vendor-01/12/2026<br>| LTV is less than guideline maximum - Required is 85 Borrower has 75<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 19.39<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 814 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6876550 |
| XXXX | 916300 | C A | Closed | FCRE1293 | 2025-12-31 12:06 | 2026-01-12 14:39 | Resolved | 1 - Information C A | Credit | Income/Employment | Income 2 Months Income Verified is Missing | Resolved-Upon further review, the loan file contained all required PITIA for 3b documentation. - Due Diligence Vendor-01/12/2026 <br>Ready for Review-Why is a Lease needed when we are hitting borrower with the full PITI (No rental income is being used) - Due Diligence Vendor-01/09/2026 <br>Open-Income 2 Months Income Verified is Missing REO 3B missing lease used to offset the PITI. - Due Diligence Vendor-12/31/2025 |  | Resolved-Upon further review, the loan file contained all required PITIA for 3b documentation. - Due Diligence Vendor-01/12/2026<br>| LTV is less than guideline maximum - Required is 85 Borrower has 75<br>Qualifying DTI below maximum allowed - Required is 50 Borrower has 19.39<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 814 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6876549 |
| XXXX | 916301 | D B C A | Closed | FCRE1193 | 2025-12-31 15:58 | 2026-01-23 16:54 | Resolved | 1 - Information C A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Upon further review, Personal Bank Statement do not require an expense factor. Audited DTI of 48.88% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-01/23/2026 <br>Open-The income calc from the Lender states 0% expense ratio, but did not contain an exception to use 0%. - Due Diligence Vendor-12/31/2025 |  | Resolved-Upon further review, Personal Bank Statement do not require an expense factor. Audited DTI of 48.88% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-01/23/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 775<br>LTV is less than guideline maximum - Required is 85 Borrower has 80 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6881432 |
| XXXX | 916301 | D B C A | Closed | FCRE1506 | 2025-12-31 15:18 | 2026-01-23 16:53 | Resolved | 1 - Information C A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-DTI finding has been resolved. - Due Diligence Vendor-01/23/2026 <br> Ready for Review-Same Explanation but with some snips to help provide more info. Or are you waiting for XXXX to review? - Due Diligence Vendor-01/21/2026 <br> Counter-Audited DTI to be addressed. - Due Diligence Vendor-01/20/2026 <br> Ready for Review-Can you please advise what is needed? - Due Diligence Vendor-01/16/2026 <br> Counter-Pending clarification of personal bank statements considered with no expense factor. - Due Diligence Vendor-01/12/2026 <br> Ready for Review-Per the XXXX Manual Guidelines page 18 under Alt Income<br> When using Personal Bank Statements, it does not say use an Expense ratio.. Expense Ratio is only mentioned when using business bank statements. <br> - Due Diligence Vendor-01/09/2026 <br> Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. - Due Diligence Vendor-12/31/2025 |  | Resolved-DTI finding has been resolved. - Due Diligence Vendor-01/23/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 775<br>LTV is less than guideline maximum - Required is 85 Borrower has 80 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6880655 |
| XXXX | 916301 | D B C A | Closed | FCOM1544 | 2026-01-02 16:37 | 2026-01-15 08:37 | Resolved | 1 - Information D A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved------Received final CD XXXX, tested. Finding resolved. - Due Diligence Vendor-01/15/2026 <br> Ready for Review-Final CD XXXX - Due Diligence Vendor-01/13/2026 <br> Counter-----Missing Final CD from day of Closing per Notary date on Mortgage was XXXX. Finding Remains. - Due Diligence Vendor-01/12/2026 <br> Ready for Review-Final CD - Due Diligence Vendor-01/09/2026 <br> Open-TRID: Missing Final Closing Disclosure - Due Diligence Vendor-01/02/2026 |  | Resolved------Received final CD XXXX, tested. Finding resolved. - Due Diligence Vendor-01/15/2026 | Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 775<br>LTV is less than guideline maximum - Required is 85 Borrower has 80 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6902410 |
| XXXX | 916301 | D B C A | Closed | FCOM1302 | 2025-12-29 14:20 | 2025-12-29 14:20 | Waived | 2 - Non-Material B | Compliance | Disclosure | Home Loan Toolkit Not Provided Within 3 Days of Application Date | Waived-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is XXXX). Originator waiver applied to non-material findings. - Due Diligence Vendor-12/29/2025 |  | Waived-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is XXXX). Originator waiver applied to non-material findings. - Due Diligence Vendor-12/29/2025 | Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 775<br>LTV is less than guideline maximum - Required is 85 Borrower has 80 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 6838573 |
| XXXX | 916302 | D A | Closed | FCRE1506 | 2026-01-02 13:47 | 2026-03-11 11:19 | Resolved | 1 - Information C A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-01/06/2026 <br>Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. - Due Diligence Vendor-01/02/2026 |  | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-01/06/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 754; min score 700 Required is 700 Borrower has 754<br>Long term residence - Borrower has been in current home 10yrs. |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6899512 |
| XXXX | 916302 | D A | Closed | FCRE1503 | 2026-01-02 14:03 | 2026-03-11 11:19 | Resolved | 1 - Information C A | Credit | QM-ATR | ATR: The Lender did not document all ATR Factors | Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-01/06/2026 <br>Open-ATR: The Lender did not document all ATR Factors- income variance - Due Diligence Vendor-01/02/2026 |  | Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-01/06/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 754; min score 700 Required is 700 Borrower has 754<br>Long term residence - Borrower has been in current home 10yrs. |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6899821 |
| XXXX | 916302 | D A | Closed | FCRE5782 | 2026-01-02 13:04 | 2026-01-30 16:10 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-UDN provided dated XXXX, inquiries were explained on a LOX. There is no guideline stating the UDN needs to be provided within 10 days of closing. - Due Diligence Vendor-01/30/2026 <br> Counter-Received UDN reflecting inquiries after note date. Unable to confirm if new debt established. LOX for inquiries not provided. - Due Diligence Vendor-01/27/2026 <br> Ready for Review-UDN - Due Diligence Vendor-01/26/2026 <br> Counter-Received UDM 12 days prior to Note date. Missing within 10 days. LOE indicates a new account unable to confirm if opened. - Due Diligence Vendor-01/20/2026 <br> Ready for Review-LOE and supporting docs - Due Diligence Vendor-01/16/2026 <br> Counter-Received Undisclosed Debt Verification Report reflecting inquiries after initial report. Provide Lox and/or statements for all new accounts. - Due Diligence Vendor-01/14/2026 <br> Ready for Review-UDN - Due Diligence Vendor-01/13/2026 <br> Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-01/02/2026 |  | Resolved-UDN provided dated XXXX, inquiries were explained on a LOX. There is no guideline stating the UDN needs to be provided within 10 days of closing. - Due Diligence Vendor-01/30/2026 | Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 754; min score 700 Required is 700 Borrower has 754<br>Long term residence - Borrower has been in current home 10yrs. |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6898770 |
| XXXX | 916302 | D A | Closed | FCRE1193 | 2026-01-02 13:55 | 2026-01-06 17:07 | Resolved | 1 - Information C A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-DTI matches. Review completed bank statement analysis for additional income. - Due Diligence Vendor-01/06/2026 <br>Ready for Review-Please provide income calculation for review. - Due Diligence Vendor-01/05/2026 <br>Open-Audited DTI of 45.49% exceeds Guideline DTI of 45%- due to variance of income . - Due Diligence Vendor-01/02/2026 |  | Resolved-DTI matches. Review completed bank statement analysis for additional income. - Due Diligence Vendor-01/06/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 754; min score 700 Required is 700 Borrower has 754<br>Long term residence - Borrower has been in current home 10yrs. |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6899628 |
| XXXX | 919141 | D A | Closed | FCRE1198 | 2026-01-05 13:08 | 2026-02-19 18:06 | Resolved | 1 - Information C A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received additional assets. - Due Diligence Vendor-02/19/2026 <br>Counter-Received 1 month statement under another individual than borrower. Provide 2 months bank statements, belonging to borrower reflecting sufficient assets. - Due Diligence Vendor-02/10/2026 <br>Ready for Review-See attached - Due Diligence Vendor-02/09/2026 <br>Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) Provide sufficient assets to support total reserves required. - Due Diligence Vendor-01/05/2026 |  | Resolved-Received additional assets. - Due Diligence Vendor-02/19/2026<br>| LTV is less than guideline maximum - LTV is 67.36 and max allowed is 80% Required is 80 Borrower has 67.36<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 722<br>Qualifying DTI below maximum allowed - DTI is 20.71% and max allowed in 50% Required is 50 Borrower has 20.71 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6918147 |
| XXXX | 919141 | D A | Closed | FCRE9501 | 2026-01-05 12:49 | 2026-02-19 18:05 | Resolved | 1 - Information C A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received sufficient asset documentation. Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-04/07/2026 <br> Ready for Review-see attached - Due Diligence Vendor-02/18/2026 <br> Counter-Received 1 month statement under another individual than borrower. Provide 2 months bank statements, belonging to borrower reflecting sufficient assets. - Due Diligence Vendor-02/10/2026 <br> Ready for Review-See attached - Due Diligence Vendor-02/09/2026 <br> Open-Total Qualified Assets Post-Close amount is XXXX. Assets are Insufficient. Provide sufficient assets for total closing costs required. - Due Diligence Vendor-01/05/2026 |  | Resolved-Received sufficient asset documentation. Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-04/07/2026<br>| LTV is less than guideline maximum - LTV is 67.36 and max allowed is 80% Required is 80 Borrower has 67.36<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 722<br>Qualifying DTI below maximum allowed - DTI is 20.71% and max allowed in 50% Required is 50 Borrower has 20.71 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6917854 |
| XXXX | 919141 | D A | Closed | FCRE9814 | 2026-01-05 11:29 | 2026-02-04 17:38 | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Trust Agreement | Resolved-Received Trust agreement. - Due Diligence Vendor-02/04/2026 <br> Ready for Review-See attached - Due Diligence Vendor-02/03/2026 <br> Ready for Review-See attached - Due Diligence Vendor-02/02/2026 <br> Counter-Received XXXX. Missing Trust associated with XXXX personal account. - Due Diligence Vendor-01/20/2026 <br> Ready for Review-please see attached - Due Diligence Vendor-01/15/2026 <br> Open-Missing Trust Agreement to support personal bank statements used for income qualification. - Due Diligence Vendor-01/05/2026 |  | Resolved-Received Trust agreement. - Due Diligence Vendor-02/04/2026<br>| LTV is less than guideline maximum - LTV is 67.36 and max allowed is 80% Required is 80 Borrower has 67.36<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 722<br>Qualifying DTI below maximum allowed - DTI is 20.71% and max allowed in 50% Required is 50 Borrower has 20.71 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6916139 |
| XXXX | 919141 | D A | Closed | FCOM1352 | 2026-01-05 10:33 | 2026-01-12 09:03 | Resolved | 1 - Information D A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Upon further review, the loan file contained all required occupancy certification documentation - Due Diligence Vendor-01/12/2026 <br>Ready for Review-Response from team. - Due Diligence Vendor-01/08/2026 <br>Open-The Business Purpose Affidavit Disclosure is Missing. The Business Purpose Affidavit is required. - Due Diligence Vendor-01/05/2026 |  | Resolved-Upon further review, the loan file contained all required occupancy certification documentation - Due Diligence Vendor-01/12/2026<br>| LTV is less than guideline maximum - LTV is 67.36 and max allowed is 80% Required is 80 Borrower has 67.36<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 722<br>Qualifying DTI below maximum allowed - DTI is 20.71% and max allowed in 50% Required is 50 Borrower has 20.71 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6914140 |
| XXXX | 919142 | C A | Closed | FCRE5790 | 2026-01-05 17:18 | 2026-01-12 14:32 | Resolved | 1 - Information C A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Received UDM. - Due Diligence Vendor-01/12/2026 <br>Ready for Review-Report - Due Diligence Vendor-01/09/2026 <br>Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Provide an unexpired Gap Report. Additional findings may apply. - Due Diligence Vendor-01/05/2026 |  | Resolved-Received UDM. - Due Diligence Vendor-01/12/2026<br>| Months Reserves exceed minimum required - 37 months reserves exceed required 3 months. <br>Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 753 with required 680 |  | XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6923181 |
| XXXX | 923002 | C A | Closed | FCRE0180 | 2026-01-06 08:58 | 2026-01-08 15:58 | Resolved | 1 - Information C A | Credit | Eligibility | State Specific requirements were not met for Notary or Witness Signatures on the Mortgage Document | Resolved-Upon further review, the loan file contained all required security instrument documentation. - Due Diligence Vendor-01/08/2026 <br> Ready for Review-Please advise what this is in reference to. Witnesses and notary appear to have signed the mortgage. - Due Diligence Vendor-01/06/2026 <br> Open-State Specific requirements were not met for Notary or Witness Signatures on the Mortgage Document. Missing required witness signature(s) for State Specific requirements for XX - Due Diligence Vendor-01/06/2026 |  | Resolved-Upon further review, the loan file contained all required security instrument documentation. - Due Diligence Vendor-01/08/2026<br>| On time mortgage history exceeds guideline requirement - On time mortgage history exceeds guideline requirement by 0x30>than 74 months.<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 785 and minimum allowed is 700. Required is 700 Borrower has 785 |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6931844 |
| XXXX | 923002 | C A | Closed | FCRE1510 | 2026-01-06 07:26 | 2026-01-08 15:57 | Resolved | 1 - Information C A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-01/08/2026 <br>Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing copy of the Legal Description attached to the Mortgage. - Due Diligence Vendor-01/06/2026 |  | Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-01/08/2026<br>| On time mortgage history exceeds guideline requirement - On time mortgage history exceeds guideline requirement by 0x30>than 74 months.<br>Qualifying FICO score is at least 20 points above minimum for program - Score is 785 and minimum allowed is 700. Required is 700 Borrower has 785 |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 6930675 |
| XXXX | 927429 | A |  |  |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated |  |  |  |
| XXXX | 930616 | D A | Closed | FCRE1506 | 2026-01-09 11:08 | 2026-01-21 17:10 | Resolved | 1 - Information C A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-All conditions were resolved. - Due Diligence Vendor-01/21/2026 <br> Ready for Review-The DU Approval on page 192 of the file is being used to eliminate the landlord history. Per the guidelines, verification of the housing history can be eliminated if the "File receives an AUS approve (AUS should be provided by broker, must reasonably match transaction terms". Items 1 and 2 of the Risk section refer to an XXXX account that was considered by XXXX in the underwriting analysis. Also, the DTI used by XXXX is consistent with the DU DTI so the XXXX account would not appear to be an issue. It is the DU decision that is important per the guidelines as long as the transaction terms are reasonable. Please clear and thank you! - Due Diligence Vendor-01/16/2026 <br> Counter-Pending Housing Payment history or acceptable AUS. - Due Diligence Vendor-01/13/2026 <br> Ready for Review-AUS in lieu of housing history - Due Diligence Vendor-01/09/2026 <br> Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing lease to coincide with cancelled rent checks to support housing payment. - Due Diligence Vendor-01/09/2026 |  | Resolved-All conditions were resolved. - Due Diligence Vendor-01/21/2026<br>| LTV is less than guideline maximum - Required is 90 Borrower has 50.85<br>Qualifying FICO score is at least 20 points above minimum for program - <br>Required is 660 Borrower has 780 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7007854 |
| XXXX | 930616 | D A | Closed | FCRE5782 | 2026-01-08 11:32 | 2026-01-21 17:07 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM. - Due Diligence Vendor-01/13/2026 <br>Ready for Review-UDN - Due Diligence Vendor-01/09/2026 <br>Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-01/08/2026 |  | Resolved-Received UDM. - Due Diligence Vendor-01/13/2026<br>| LTV is less than guideline maximum - Required is 90 Borrower has 50.85<br>Qualifying FICO score is at least 20 points above minimum for program - <br>Required is 660 Borrower has 780 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6987045 |
| XXXX | 930616 | D A | Closed | FCRE5783 | 2026-01-08 11:32 | 2026-01-21 17:07 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Received UDM - Due Diligence Vendor-01/13/2026 <br>Ready for Review-UDN - Due Diligence Vendor-01/09/2026 <br>Open-Borrower 2 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-01/08/2026 |  | Resolved-Received UDM - Due Diligence Vendor-01/13/2026<br>| LTV is less than guideline maximum - Required is 90 Borrower has 50.85<br>Qualifying FICO score is at least 20 points above minimum for program - <br>Required is 660 Borrower has 780 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6987046 |
| XXXX | 930616 | D A | Closed | FCRE1440 | 2026-01-09 11:05 | 2026-01-21 17:07 | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Verifying housing payments, not reported on the credit report, can be eliminated if the following is present: File receives an AUS approve (AUS should be provided by broker, must reasonably match transaction terms. - Due Diligence Vendor-01/21/2026 <br>Ready for Review-The DU Approval on page 192 of the file is being used to eliminate the landlord history. Per the guidelines, verification of the housing history can be eliminated if the "File receives an AUS approve (AUS should be provided by broker, must reasonably match transaction terms". Items 1 and 2 of the Risk section refer to an XXXX account that was considered by XXXX in the underwriting analysis. Also, the DTI used by XXXX is consistent with the DU DTI so the XXXX account would not appear to be an issue. It is the DU decision that is important per the guidelines as long as the transaction terms are reasonable. Please clear and thank you! - Due Diligence Vendor-01/16/2026 <br>Counter-Received AUS in lieu of VOR, housing payment history. DU is incomplete #1 and 2 of Risk not clear. Approve/Ineligible for loan amount only may be considered. #1 and 2 of risk to be cleared. - Due Diligence Vendor-01/13/2026 <br>Ready for Review-AUS in lieu of housing history - Due Diligence Vendor-01/09/2026 <br>Open-Housing History Does Not Meet Guideline Requirements Missing lease to coincide with cancelled rent checks to support housing payment. - Due Diligence Vendor-01/09/2026 |  | Resolved-Verifying housing payments, not reported on the credit report, can be eliminated if the following is present: File receives an AUS approve (AUS should be provided by broker, must reasonably match transaction terms. - Due Diligence Vendor-01/21/2026<br>| LTV is less than guideline maximum - Required is 90 Borrower has 50.85<br>Qualifying FICO score is at least 20 points above minimum for program - <br>Required is 660 Borrower has 780 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7007774 |
| XXXX | 930616 | D A | Closed | FCRE1317 | 2026-01-08 11:13 | 2026-01-21 17:00 | Resolved | 1 - Information C A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-Operating Agreement reflects the business was incorporated XXXX- Due Diligence Vendor-01/21/2026 <br> Ready for Review-Please revisit. Please see page 35 of the XXXX guidelines that states the following for business bank statement loans: "12- & 24-months Business Bank statement and Co-Mingled Bank statement income do not require <br> additional proof of current activity or proof of 2 years self-employment". Please clear this condition and thank you! - Due Diligence Vendor-01/16/2026 <br> Counter-1003 reflects owner since XXXX. Provide complete 24 employment for borrower. - Due Diligence Vendor-01/13/2026 <br> Ready for Review-This is not a guideline requirement - please advise - Due Diligence Vendor-01/09/2026 <br> Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months The secretary of state printout provided shows their business started XXXX which is less than two full years. - Due Diligence Vendor-01/08/2026 |  | Resolved-Operating Agreement reflects the business was incorporated XXXX - Due Diligence Vendor-01/21/2026 | LTV is less than guideline maximum - Required is 90 Borrower has 50.85<br>Qualifying FICO score is at least 20 points above minimum for program - <br>Required is 660 Borrower has 780 |  |  | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6984845 |
| XXXX | 930616 | D A | Closed | FCRE1325 | 2026-01-08 13:10 | 2026-01-21 16:59 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-The Operating Agreement reflects the borrower as owning 100% of the business. - Due Diligence Vendor-01/21/2026 <br> Ready for Review-Please revisit. The Operating Agreement on page 422 of the file reflects the borrower as the only shareholder owning 100% of the business. The document also reflects the borrower as XXXX of the business. Also, the XX SOS document on page 429 of the file reflects the borrower as XXXX of the business. Borrower is sole owner. Thank you! - Due Diligence Vendor-01/16/2026 <br> Counter-Received formation documentation executed XXXX Provide complete original and amended Operating Agreement and Initial Formation to confirm borrowers ownership. - Due Diligence Vendor-01/13/2026 <br> Ready for Review-Operating Agreement - 100% ownership - Due Diligence Vendor-01/09/2026 <br> Open-Borrower 1 CPA Letter Missing Missing CPA letter or operating agreement. The secretary of state printout provided does not show the borrower's ownership percentage of the business. - Due Diligence Vendor-01/08/2026 |  | Resolved-The Operating Agreement reflects the borrower as owning 100% of the business. - Due Diligence Vendor-01/21/2026<br>| LTV is less than guideline maximum - Required is 90 Borrower has 50.85<br>Qualifying FICO score is at least 20 points above minimum for program - <br>Required is 660 Borrower has 780 |  | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 6989722 |
| XXXX | 932156 | D A | Closed | FCRE1157 | 2026-01-09 15:31 | 2026-01-14 16:03 | Resolved | 1 - Information D A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received Insurance Policy - Due Diligence Vendor-01/14/2026 <br>Ready for Review-HOI - Due Diligence Vendor-01/12/2026 <br>Open-Missing Hazard Insurance Policy - Due Diligence Vendor-01/09/2026 |  | Resolved-Received Insurance Policy - Due Diligence Vendor-01/14/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 785<br>Months Reserves exceed minimum required - 18.49 mos reserves; 4 mos required |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7014687 |
| XXXX | 932156 | D A | Closed | FCRE1491 | 2026-01-09 16:47 | 2026-01-14 16:00 | Resolved | 1 - Information C A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Received Business documentation - Due Diligence Vendor-01/14/2026 <br> Ready for Review-EIN - sole member - Due Diligence Vendor-01/12/2026 <br> Open-Asset Qualification Does Not Meet Guideline Requirements XXXX was wired to title on XXXX from XXXX - XXXX This is the same LLC listed as the Buyer on the purchase agreement but no LLC docs were provided. Provide verification of the Borrowers percentage of ownership in XXXX - additional conditions may apply. - Due Diligence Vendor-01/09/2026 |  | Resolved-Received Business documentation - Due Diligence Vendor-01/14/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 785<br>Months Reserves exceed minimum required - 18.49 mos reserves; 4 mos required |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7016548 |
| XXXX | 932156 | D A | Closed | FCRE8702 | 2026-01-12 12:09 | 2026-01-14 15:59 | Resolved | 1 - Information C A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-The Business Entity Formation Document is not incomplete - Due Diligence Vendor-01/14/2026 <br> Ready for Review-Entity Docs - Due Diligence Vendor-01/12/2026 <br> Open-The Business Entity Formation Document is incomplete For XXXX: Missing Certificate of Good Standing<br> For XXXX, missing the following (Note and Deed signed as layered business):<br> • Filed Certificate/Articles of Incorporation and all amendments (or equivalent) <br> • By-Laws and all amendments <br> • Evidence of good standing <br> • EIN/Tax Identification Number, if applicable<br> • Borrowing Resolution/Corporate Resolution granting authority of signer to enter loan obligation <br> • Receipt of current year franchise tax payment, clear search, or evidence the state does not require a franchise tax payment - Due Diligence Vendor-01/12/2026 |  | Resolved-The Business Entity Formation Document is not incomplete - Due Diligence Vendor-01/14/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 785<br>Months Reserves exceed minimum required - 18.49 mos reserves; 4 mos required |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 7044854 |
| XXXX | 934219 | A |  |  |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA |  |  |  |
| XXXX | 993917 | A |  |  |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other |  |  |  |
| XXXX | 993920 | C A | Closed | FCRE1324 | 2026-02-25 13:35 | 2026-03-05 16:20 | Resolved | 1 - Information C A | Credit | Income/Employment | Borrower 1 Tax Returns Not Signed | Resolved-Received signed XXXX 1040 - Due Diligence Vendor-03/05/2026 <br> Ready for Review-XXXX 1040s - Due Diligence Vendor-03/04/2026 <br> Counter-Received signed XXXX 1040s and XXXX 1120s signed in file . Missing XXXX signed 1040s - Due Diligence Vendor-02/27/2026 <br> Ready for Review-Signed 1040 - Due Diligence Vendor-02/26/2026 <br> Open-Borrower 1 Tax Returns Not Signed No signed copies found in loan file - Due Diligence Vendor-02/25/2026 |  | Resolved-Received signed XXXX 1040 - Due Diligence Vendor-03/05/2026 | Residual Income =/> 1.5 times $3,500 monthly residual income - Actual 10,996.79<br>Months Reserves exceed minimum required - MIn 3, actual 66.45 |  | XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 7805169 |
| XXXX | 1009698 | D A | Closed | FCRE5782 | 2026-02-26 18:19 | 2026-03-04 13:18 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Upon further review, gap report is not required by the guidelines. - Due Diligence Vendor-03/04/2026 <br> Ready for Review-Please revisit. The XXXX guidelines do not require a gap credit report. Thank you! - Due Diligence Vendor-03/02/2026 <br> Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is Missing - Due Diligence Vendor-02/26/2026 |  | Resolved-Upon further review, gap report is not required by the guidelines. - Due Diligence Vendor-03/04/2026<br>| Qualifying DTI below maximum allowed - DTI = 25.75% - Max DTI = 50.00% Required is 50 Borrower has 24.66<br>Qualifying FICO score is at least 20 points above minimum for program - FICO = 753 Min FICO = 660 Required is 700 Borrower has 753 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7833706 |
| XXXX | 1026517 | A |  |  |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other |  |  |  |
| XXXX | 1039408 | C A | Closed | FCOM0013 | 2026-03-13 11:14 | 2026-03-18 14:27 | Resolved | 1 - Information C A | Compliance | Disclosure | Missing e-Consent | Resolved-Upon further review, the document(s) are located in original file, nothing further required. - Due Diligence Vendor-03/18/2026 <br>Ready for Review-Please revisit. Page 627-628, acceptance with date and time listed on bottom of page 628. Thank you! - Due Diligence Vendor-03/17/2026 <br>Open-Missing e-Consent. Missing e-Consent - Due Diligence Vendor-03/13/2026 |  | Resolved-Upon further review, the document(s) are located in original file, nothing further required. - Due Diligence Vendor-03/18/2026<br>| Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.66<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 716<br>LTV is less than guideline maximum - Required is 85 Borrower has 80 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 8096917 |
| XXXX | 1039413 | C A | Closed | FCRE1510 | 2026-03-13 09:10 | 2026-03-19 08:03 | Resolved | 1 - Information C A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received legal description. - Due Diligence Vendor-04/07/2026 <br> Ready for Review-XXXX Please see attached - Due Diligence Vendor-03/17/2026 <br> Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing attached legal description - Due Diligence Vendor-03/13/2026 |  | Resolved-Received legal description. - Due Diligence Vendor-04/07/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 732 Required is 700 Borrower has 732<br>Months Reserves exceed minimum required - 3 months required - have 100.06 months |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 8093271 |
| XXXX | 1042505 | A |  |  |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other |  |  |  |
| XXXX | 1046423 | D A | Closed | FCRE1325 | 2026-03-19 16:40 | 2026-04-02 17:33 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received Partnership agreement. - Due Diligence Vendor-03/24/2026 <br>Ready for Review-CPA Letter - Due Diligence Vendor-03/20/2026 <br>Open-Borrower 1 CPA Letter Missing Missing CPA/EA letter, operating agreement or equivalent confirming each borrower's ownership percentages. The secretary of state only shows B2 listed and there is no ownership percentage shown. - Due Diligence Vendor-03/19/2026 |  | Resolved-Received Partnership agreement. - Due Diligence Vendor-03/24/2026 | On time mortgage history exceeds guideline requirement - Borrower has 0x30x58 months mortgage history, guides allow up to 1x30x12 months.<br>Months Reserves exceed minimum required - min 3 months reserves req. BWR has 41 months reserves in excess<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 669<br>LTV is less than guideline maximum - Required is 80 Borrower has 75 |  | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 8223450 |

---

## Exhibit 99.2

**Exhibit 99.2 Schedule 3**

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| | | | |
|:---|:---|:---|:---|
| **Loan ID** | **Redaction ID** | **Investor Loan ID** | **Original Loan Amount** |
| XXXX | 855752 |  | XXXX A |
| XXXX | 855753 |  | XXXX C A |
| XXXX | 855754 |  | XXXX D A |
| XXXX | 855755 |  | XXXX D C A |
| XXXX | 855756 |  | XXXX D A |
| XXXX | 857738 |  | XXXX D C A |
| XXXX | 857739 |  | XXXX D C A B |
| XXXX | 857740 |  | XXXX D A |
| XXXX | 859749 |  | XXXX D A |
| XXXX | 859750 |  | XXXX D A |
| XXXX | 865115 |  | XXXX C A |
| XXXX | 865116 |  | XXXX C A |
| XXXX | 866851 |  | XXXX C A |
| XXXX | 866852 |  | XXXX D C A |
| XXXX | 869906 |  | XXXX C A B |
| XXXX | 871607 |  | XXXX D A |
| XXXX | 871608 |  | XXXX D C A |
| XXXX | 871609 |  | XXXX D A |
| XXXX | 871610 |  | XXXX D A |
| XXXX | 872920 |  | XXXX D A |
| XXXX | 872922 |  | XXXX D A |
| XXXX | 876008 |  | XXXX D A |
| XXXX | 878914 |  | XXXX A |
| XXXX | 880631 |  | XXXX D A |
| XXXX | 880632 |  | XXXX D A |
| XXXX | 883954 |  | XXXX C A |
| XXXX | 886088 |  | XXXX C A |
| XXXX | 888783 |  | XXXX D A C B |
| XXXX | 888784 |  | XXXX A |
| XXXX | 895800 |  | XXXX C A |
| XXXX | 895801 |  | XXXX A |
| XXXX | 898777 |  | XXXX A C |
| XXXX | 900139 |  | XXXX D A |
| XXXX | 901529 |  | XXXX D A |
| XXXX | 905841 |  | XXXX C A |
| XXXX | 916300 |  | XXXX C A |
| XXXX | 916301 |  | XXXX C D A B |
| XXXX | 916302 |  | XXXX D A |
| XXXX | 919141 |  | XXXX D A |
| XXXX | 919142 |  | XXXX C A |
| XXXX | 923002 |  | XXXX C A |
| XXXX | 927429 |  | XXXX A |
| XXXX | 930616 |  | XXXX D A |
| XXXX | 932156 |  | XXXX D A |
| XXXX | 934219 |  | XXXX A |
| XXXX | 993917 |  | XXXX A |
| XXXX | 993920 |  | XXXX C A |
| XXXX | 1009698 |  | XXXX D A |
| XXXX | 1026517 |  | XXXX A |
| XXXX | 1039408 |  | XXXX A C |
| XXXX | 1039413 |  | XXXX C A |
| XXXX | 1042505 |  | XXXX A |
| XXXX | 1046423 |  | XXXX D A |

---

## Exhibit 99.2

**Exhibit 99.2 Schedule 4**

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Redaction ID** | **Investor Loan ID** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Total Adjusted Prior Purchase Price** | **Primary Appraised Value** | **Primary Appraisal Date** | **Primary Appraisal Type** | **Primary Appraisal Company** | **Primary Appraiser Name** | **Primary Appraiser License Number** | **Value for LTV** | **LTV** | **CLTV** | **Loan Reviewed Property Value** | **Loan Reviewed Variance Amount** | **Loan Reviewed Variance Percent** | **Loan Reviewed Product Type** | **Loan Post-Close Reviewed Property Value** | **Loan Post-Close Reviewed Variance Amount** | **Loan Post-Close Reviewed Variance Percent** | **Loan Post-Close Reviewed Product Type** | **Second Appraisal Value** | **Second Appraisal Variance Amount** | **Second Appraisal Variance Percent** | **Second Appraisal Date** | **Second Appraisal Type** | **AVM Appraised Value** | **AVM Variance Amount** | **AVM Variance Percent** | **AVM Confidence Score** | **FSD Score** | **AVM Company Name** | **AVM Product Name** | **AVM Appraisal Date** | **Desk Review Appraised Value** | **Desk Review Variance Amount** | **Desk Review Variance Percent** | **Desk Review Company** | **Desk Review Risk Score** | **Desk Review Appraisal Date** | **Desk Top Appraised Value** | **Desk Top Variance Amount** | **Desk Top Variance Percent** | **Desk Top Company** | **Desk Top Appraisal Date** | **BPO Appraised Value** | **BPO Variance Amount** | **BPO Variance Percent** | **BPO Company** | **BPO Appraisal Date** | **Field Review Appraised Value** | **Field Review Variance Amount** | **Field Review Variance Percent** | **Field Review Company** | **Field Review Appraisal Date** | **2055 Appraised Value** | **2055 Variance Amount** | **2055 Variance Percent** | **2055 Company** | **2055 Appraisal Date** | **AVE/CMA Appraised Value** | **AVE/CMA Variance Amount** | **AVE/CMA Variance Percent** | **AVE/CMA Company** | **AVE/CMA Appraisal Date** | **Completion Report (1004D) Date** | **Other Appraised Value** | **Other Variance Amount** | **Other Variance Percent** | **Other Appraisal Date** | **Updated Appraised Value** | **Updated Variance Amount** | **Updated Variance Percent** | **Updated Company** | **Updated Appraisal Date** | **Updated Appraisal Type** | **Loan Collateral Advisor Risk Score** | **Loan Collateral Advisor Risk Score Date** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score Date** |
| XXXX | 855752 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 46.88 | 46.88 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 855753 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | XXXX |
| XXXX | 855754 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 855755 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 855756 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0068 | 1004 URAR |  |  |  |  | XXXX | XXXX | .0068 | XXXX | 1004 URAR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 857738 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 857739 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 857740 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0465 | 1004 URAR |  |  |  |  | XXXX | XXXX | .0465 | XXXX | 1004 URAR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.2 | XXXX |
| XXXX | 859749 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 859750 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | -.0345 | 1004 URAR |  |  |  |  | XXXX | XXXX | -.0345 | XXXX | 1004 URAR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 865115 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 865116 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .1148 | 1004 URAR |  |  |  |  | XXXX | XXXX | .1148 | XXXX | 1004 URAR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | XXXX |
| XXXX | 866851 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 66.42 | 66.42 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 866852 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0185 | 1004 URAR |  |  |  |  | XXXX | XXXX | .0185 | XXXX | 1004 URAR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 869906 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 79.46 | 79.46 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 871607 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 871608 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 89.99 | 89.99 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.2 | XXXX |
| XXXX | 871609 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.9 | XXXX |
| XXXX | 871610 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 70.0 | 70.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 872920 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 73.27 | 73.27 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4 | XXXX | Not Eligible | 1 | XXXX |
| XXXX | 872922 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | XXXX | Eligible | 1 | XXXX |
| XXXX | 876008 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 5 | XXXX |
| XXXX | 878914 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 | XXXX |
| XXXX | 880631 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 880632 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 883954 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 886088 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 56.61 | 56.61 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 888783 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 888784 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 57.23 | 57.23 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 895800 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 65.67 | 65.67 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 895801 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90.0 | 90.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 898777 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 65.0 | 65.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 900139 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 901529 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70.0 | 70.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | XXXX |
| XXXX | 905841 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 | XXXX |
| XXXX | 916300 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 916301 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 | XXXX |
| XXXX | 916302 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.6 | XXXX |
| XXXX | 919141 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 67.36 | 67.36 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 | XXXX |
| XXXX | 919142 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 85.0 | 85.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.1 | XXXX |
| XXXX | 923002 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70.0 | 70.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | XXXX |
| XXXX | 927429 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 65.22 | 65.22 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 930616 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 50.85 | 50.85 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 932156 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70.0 | 70.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | XXXX |
| XXXX | 934219 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | -.0426 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -.0426 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 993917 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 | XXXX |
| XXXX | 993920 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | XXXX |
| XXXX | 1009698 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 76.67 | 76.67 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.5 | XXXX |
| XXXX | 1026517 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 59.1 | 59.1 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 1039408 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0.0 | .0000 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 1039413 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 1042505 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70.0 | 70.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX | Eligible | 1 | XXXX |
| XXXX | 1046423 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75.0 | 75.0 | XXXX | XXXX | .0000 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | XXXX | Eligible | 1 | XXXX |

---

## Exhibit 99.3

**Exhibit 99.3**

Executive Summary

**4. Description of the Due Diligence Services**

**1.** **Type of Assets Reviewed** 

Inglet Blair, LLC ("IB") performed certain due diligence review services (the "Review"), as defined herein. The loans reviewed were originated from September 2025 to February 2026 and were collateralized by residential real estate (the "Loans"). The Loans were acquired by Itasca Park LLC (the "Client") from lenders and/or aggregators (the "Seller"), via bulk acquisition or reliance letter. The information provided below represents the approach and methodology used at the time of original acquisition by the Seller. Each of the Loans was acquired by the Seller from various lenders a lender through a delegated correspondent channel.

**2.** **Sample Size of Assets Reviewed** 

This report reflects 414 Loans selected by the Client to include in CLIP 2026-NQM1 (the "Securitization"). Client did not disclose to IB if additional loans are included in the Securitization. While the Client may have included additional loans in the Securitization, such loans were not subject to the Review referenced herein. IB reviewed 100% of the Loans provided by the Client and can only assume the sample size was 100%.

**3.** **Sample Size Determination** 

The Client, in its sole discretion, determined the Loans to be reviewed by IB. As noted in Section 2 above, Client provided IB with 414 Loans, all of which were reviewed by IB. Therefore, IB used no sampling methodology in its Review.

**4.** **Information and Data Integrity** 

IB was provided certain data elements (the "Tape Data"), which were supplied by the Seller. The Seller aggregated the Tape Data from the various lenders. Each lender did not supply Seller with uniform Tape Data; thus, individual Loan Tape Data may not have included all data elements as detailed below in this Section 4. IB subsequently mapped and compared the Tape Data to information contained in each Loan file. When the data was provided, IB compared the following fields:

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Field Name** | &nbsp;&nbsp;**Field Name** |
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Total Debt to Income Ratio |
| &nbsp;&nbsp;Amortized Original Term | &nbsp;&nbsp;First Payment Date |
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;Interest Only Flag |
| &nbsp;&nbsp;ARM Initial Adjustment Period | &nbsp;&nbsp;Lien Position |
| &nbsp;&nbsp;ARM Initial Rate Cap | &nbsp;&nbsp;Loan Purpose |
| &nbsp;&nbsp;ARM Lookback Period | &nbsp;&nbsp;Loan Term |
| &nbsp;&nbsp;ARM Margin | &nbsp;&nbsp;Loan Type |
| &nbsp;&nbsp;ARM Maximum Interest Rate | &nbsp;&nbsp;LTV |
| &nbsp;&nbsp;ARM Minimum Interest Rate | &nbsp;&nbsp;Note Date |
| &nbsp;&nbsp;ARM Payment Change Frequency | &nbsp;&nbsp;Occupancy |
| &nbsp;&nbsp;ARM Periodic Rate Cap | &nbsp;&nbsp;Original Interest Rate |
| &nbsp;&nbsp;ARM Periodic Rate Cap at first Adjustment Down | &nbsp;&nbsp;Original Principal and Interest |

---

Inglet Blair, LLC Deal Summary

CLIP 2026-NQM1

pg. 1

---

| | |
|:---|:---|
| &nbsp;&nbsp;ARM Periodic Rate Cap at first Adjustment Up | &nbsp;&nbsp;Original Principal Balance |
| &nbsp;&nbsp;ARM Rate Cap at first Adjustment Down | &nbsp;&nbsp;Property Type |
| &nbsp;&nbsp;ARM Rate Cap at first Adjustment Up | &nbsp;&nbsp;Representative Credit Score |
| &nbsp;&nbsp;ARM Rate Change Frequency | &nbsp;&nbsp;Residual Income |
| &nbsp;&nbsp;ATR/QM Designation | &nbsp;&nbsp;Sales Price |
| &nbsp;&nbsp;Borrower First Name | &nbsp;&nbsp;Subject Address |
| &nbsp;&nbsp;Borrower Last Name | &nbsp;&nbsp;Subject City |
| &nbsp;&nbsp;CLTV | &nbsp;&nbsp;Subject State |
| &nbsp;&nbsp;Doc Type | &nbsp;&nbsp;Subject Zip Code |

---

**5.** **Underwriting, Origination Practices and Conformity to Guidelines and/or Criteria** 

Each Loan was reviewed to the applicable guideline, matrix and/or finding report, produced by an Automated Underwriting System ("AUS"), as provided to IB. Depending on the applicable guideline requirements, IB verified, recalculated and compared certain metrics and attributes:

- Debt to Income ("DTI")

- Debt Service Coverage Ratio ("DSCR")

- Loan to Value ("LTV") / Combined Loan to Value ("CLTV")

- Lien Position

- Gross Income

- Qualifying Principal, Interest, Taxes and Insurance ("PITI") payment

- Assets and Reserves

- Monthly debt service

- Residual Income

- Occupancy

- Property Type

To the extent prescribed by the applicable guidelines, every Loan received an evaluation of the applicable borrower's employment, income, assets and credit history as follows:

Employment and Income:

- Meets the guidelines and, as applicable, regulatory documentation requirements

- Creditor income calculations are reasonable and as prescribed by the applicable guidelines

- Ensure borrower(s) is/are currently employed

Assets

- Confirm asset source and documentation requirements

- Re-calculate gross, net and liquid asset balances

- Incorporate gift funds and sourcing documentation

- Confirm and calculate reserve calculations

Credit Report

- Determine representative Credit Score and Methodology

- Number of tradelines

Maximum amount of open tradelines

- Mortgage/Rental payment history

- Installment and Revolving payment history

- Bankruptcy and Foreclosure seasoning

- OFAC Alert(s)

Inglet Blair, LLC Deal Summary

CLIP 2026-NQM1

pg. 2

Credit Application (FNMA Form 1003)

- Substantially complete

- Employer and employment status

- Confirmation of loan purpose and occupancy

- Disposition and status of Real Estate Owned (REO)

- First time home buyer status

- Citizenship and eligibility

Title Review - For each Loan the title commitment or, if present, final title policy was reviewed to confirm:

- Vestee(s)

- Title interest – Fee Simple or Leasehold

- Tax liens, encumbrances, encroachments and/or other title defects were satisfied or addressed

Fraud Report – IB reviewed each Loan file for the presence of a fraud report with all material findings addressed surrounding borrower name variances, social security number discrepancies, subject-property occupancy or employment history.

Hazard and Flood Insurance – Each Loan was reviewed to ensure that (i) each hazard policy limit met the applicable guideline requirement (ii) the property address was correct (iii) the premium was accurately reflected in the DTI calculation and (iv) escrowed where required.

Similarly, where the flood certificate indicates the property improvements were located in a flood zone, IB confirmed the coverage met the guideline requirements and, where applicable, the premium escrowed.

Closing/Legal Documents – All Loans received a review of the closing documentation. This includes the note, mortgage (and applicable riders), assignments, mortgage insurance certificates, underwriter approvals, and HUD-1 or Closing Disclosure, as applicable, are executed by all applicable parties and generally convey the terms of the Loan.

The information and findings provided herein were based on the information provided in the loan file images presented at the time of review.

**6.** **Collateral Review and Methodology** 

To establish reasonable support for the original appraised value, each qualifying appraisal was accompanied by one of the following: (i) an existing desk review report provided by the originator (or issuer), (ii) a second full appraisal (typically required by the guidelines) or (iii) a FNMA Collateral Underwriter ("CU") analysis with a score of 2.5 or less. In the event a loan did not contain any of the supplemental documentation, IB ordered an AVM, desk review or field review to fulfill the requirement. If any of the supplemental material(s) had an estimate of value that was lower than the original appraised value by 10% (or more), a field review (or suitable alternative) was obtained.

Each Loan was analyzed to confirm it was sufficiently collateralized by real property, and each appraisal was audited to address the following FIRREA/USPAP rules and standards:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Was the appraisal prepared for a financial services institution?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Does the appraisal state the definition of Market Value?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Does the appraisal indicate the appraiser's license or certification, number and expiration date?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Does the appraisal disclose any extraordinary assumptions, hypothetical conditions? Does the appraisal include a statement of assumptions
and limiting conditions?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If yes, do the items appear to be reasonable?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Is a minimum 3-year subject sale history included?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Does the report state the effective date of the appraisal?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Does the appraisal summarize the process used to collect, confirm, and report data?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Does the appraisal state the subject's highest and best use?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Does the appraisal clearly identify the real estate being appraised?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Does the appraisal state the real property interest being appraised?

Inglet Blair, LLC Deal Summary

CLIP 2026-NQM1

pg. 3

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Does the report contain sufficient information?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. Was the appraisal reported on a FNMA appraisal form?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If yes, was the form materially complete?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. Which of the industry recognized methods of valuation were included that may have been utilized to support the institution's
decision to engage in the transaction?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Direct Sales Comparison Approach, Cost Approach, or Income Approach?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If any of these approaches have been omitted or excluded, is there sufficient explanation provided as to why?

**7.** **Regulatory Compliance Review to Federal, State and Local Lending Laws** 

All Loans deemed to be consumer purpose loans were submitted to an automated regulatory compliance review the "TRID Review". The system tested each applicable Loan for adherence to certain federal, state and local consumer protection laws related to mortgage lending. For the two hundred and thirty (230) business purpose loans no compliance testing was completed, and a compliance grade of "A" was assigned.

All applicable tests and disclosure reviews were graded in accordance with the SFA RMBS 4.0 TRID Compliance Review Scope standard as described below.

- Federal Truth in Lending Act– Regulation Z

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Consumer Handbook on Adjustable Rate Mortgages
(1026.19(b)(1))

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Confirm acknowledgement of receipt by the borrower
or documentary evidence disclosure was delivered to the borrower(s)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Your Home Loan Toolkit (1026.19(g)(1))

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Confirm acknowledgement of receipt by the borrower
or documentary evidence disclosure was delivered to the borrower(s)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Provided within 3 business days of application

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Federal High-cost (1026.32)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Identify points and fees and/or APR threshold
test failures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Prepayment Penalty restrictions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Higher-priced Mortgage Loans (1026.35)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· APR Threshold with the corresponding appraisal
and escrow requirements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Right of Rescission (1026.23)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Review accuracy, timing and content of disclosure(s)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Confirm all requisite consumers received notice
and correct form

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Qualified Mortgage Rule (1026.43(e))

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Perform points and fees test to confirm 3% threshold

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Adherence to Appendix Q and DTI below 43% or
Temp QM

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Application Dates of 1/10/2014 to 2/28/2021

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Adherence to Appendix Q and DTI below 43% and/or
Temp QM and/or APR/APOR threshold testing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Application Dates of 3/1/2021 to 6/30/2021

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Adherence to Appendix Q and DTI below 43% and/or
APR/APOR threshold testing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Application Dates of 7/1/2021 to 9/30/2022

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· APR/APOR threshold testing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Application Dates on or after 10/1/2022\*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Subject to any guidance updates from regulators

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Loan does not contain "risky feature"
(IO, Negative Amortization, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Contain a valid and approved AUS, as applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Ability-to-Repay ("ATR") (1026.43(c)(2)
– IB reviewed each Loan for the applicable mortgagor's ability to repay; however, there is no representation or warranty,
implied or otherwise, that a court (or other administrative/legislative authority) will agree with the determination. IB objectively confirmed
the following eight (8)-factors had been considered and, where applicable, documented:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· (i) The consumer 's
current or reasonably expected income or assets, other than the value of the dwelling ,
including any real property attached to the dwelling ,
that secures the loan;

Inglet Blair, LLC Deal Summary

CLIP 2026-NQM1

pg. 4

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· (ii) If the creditor relies on income from
the consumer 's
employment in determining repayment
ability , the consumer 's
current employment status;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· (iii) The consumer 's
monthly payment on the covered transaction, calculated in accordance with paragraph
(c)(5) of this section;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· (iv) The consumer 's
monthly payment on any simultaneous loan that the creditor knows or has reason to know will be made, calculated in accordance with paragraph
(c)(6) of this section;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· (v) The consumer 's
monthly payment for mortgage-related obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· (vi) The consumer 's
current debt obligations,
alimony, and child support;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· (vii) The consumer 's
monthly debt -to-income
ratio or residual income in accordance with paragraph
(c)(7) of this section; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· (viii) The consumer 's
credit history.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o TRID (1026.36, 37)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Loan Estimate ("LE")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Initial LE was provided within three (3) business days of application as provided by the broker or creditor and loan does not consummate
within seven (7) business days of receipt

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Provided within three (3) business days of a valid Change of Circumstance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Complete in all material respects

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Contains NMLS ID

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Confirm the "In 5 Years" calculation is not over disclosed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Final Closing Disclosure ("CD")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Confirm creditor provided CD no later than three (3) business days of consummation and confirm all relevant fields are complete

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Ensure technical requirements are met – Rounding, Alphabetization, Number of Fees per category and title fees properly labeled

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Recalculation of the Finance Charge, Amount Financed, Total of Payments ("TOP"),
and Total Interest Payments ("TIP")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Projected Payments - Re-calculation of Principal and Interest payment(s),
verified escrow and insurance payments, interest only periods and final balloon payments are present and displayed in the correct number
of columns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Adjustable Interest Rate and Adjustable Payment Tables are present, complete
and accurate, if applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· No fee charged for preparation of LE or CD

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Fee descriptions conform with clear and conspicuous standard

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Loan terms match that of the subject loan – balance, rate, term, prepayment
penalty

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Loan Disclosures section is complete – Late Payment matches the note
and the escrow section is consistent within the disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Fee and Tolerance Testing - Zero and ten percent (10.0%) tolerance testing,
including the presence, timing and a validation of a change of circumstance and corresponding fee changes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Evidence Service Provider List and Your Home Loan Toolkit, if applicable,
were provided or present in the loan file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o LE and CD form(s) provided to the borrower are consistent across the loan
process

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o NMLS ID is present on the loan application, note, security instrument, LE
and CD, as applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Items not tested, include but are not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Categorization of fees in the appropriate section

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Accuracy of information for fields not expressly stated above

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Presence and accuracy of the Seller's Transaction columns on the Seller's
columns

Inglet Blair, LLC Deal Summary

CLIP 2026-NQM1

pg. 5

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o State High-cost and Predatory lending regulations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o RESPA disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Confirm GFE and HUD-1

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Special Information Booklet

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Notice of Servicing Transfer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Affiliated Business Arrangement Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Homeownership Counseling Disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Equal Credit Opportunity Act

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Presence, acknowledgement and timing of the Right
to Receive Copy of Appraisal Disclosure

Structured Finance Association ("SFA") organized and led an initiative to establish a framework for Third-Party Reviewer's ("TPR") to evaluate and grade loans subject to the Know Before You Owe Act, also commonly referred to as TILA-RESPA Integrated Disclosure ("TRID"). While all grades and conclusions are established in good faith, the grading scheme materiality and impact for certain exceptions may change from time to time, and thus, all reports contain Interpretation Risk. Under no circumstance should the Client, any potential investors or other individual party solely rely on the interpretations made by IB, SFA, or its outside counsel.

Please be advised that IB is not a law firm, does not employ personnel who are licensed to practice law and the exceptions, observations and conclusions provided by IB are not legal opinions. IB relies upon the advice of outside counsel, informal advice of regulators and industry practice to determine materiality.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**TRID Tested** | &nbsp;&nbsp;**No. of Loans** | &nbsp;&nbsp;**% of Population** |
| &nbsp;&nbsp;No | &nbsp;&nbsp;230 | &nbsp;&nbsp;55.56% |
| &nbsp;&nbsp;Yes | &nbsp;&nbsp;184 | &nbsp;&nbsp;44.44% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |

---

**8.** **Any Other Type of Review** 

There was no other review performed.

Inglet Blair, LLC Deal Summary

CLIP 2026-NQM1

pg. 6

**5. Summary of Finding and Conclusions of Review**

The following tables represent the final NRSRO overall and component grades. The Overall grade is comprised of the lowest of the component grades.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Final Grade** | &nbsp;&nbsp;**No. of Loans** | &nbsp;&nbsp;**% of Population** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;303 | &nbsp;&nbsp;73.19% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;111 | &nbsp;&nbsp;26.81% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |
| &nbsp;&nbsp;**NRSRO Final Credit Grade** | &nbsp;&nbsp;**No. of Loans** | &nbsp;&nbsp;**% of Population** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;339 | &nbsp;&nbsp;81.88% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;75 | &nbsp;&nbsp;18.12% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |
| &nbsp;&nbsp;**NRSRO Final Compliance Grade** | &nbsp;&nbsp;**No. of Loans** | &nbsp;&nbsp;**% of Population** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;380 | &nbsp;&nbsp;91.79% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;34 | &nbsp;&nbsp;8.21% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |
| &nbsp;&nbsp;**NRSRO Final Property Grade** | &nbsp;&nbsp;**No. of Loans** | &nbsp;&nbsp;**% of Population** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;404 | &nbsp;&nbsp;97.58% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;10 | &nbsp;&nbsp;2.42% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |

---

The following tables represent certain key attributes of the Loans and their frequency amongst the loan population.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Amortization Type** | &nbsp;&nbsp;**No. of Loans** | &nbsp;&nbsp;**% of Population** |
| &nbsp;&nbsp;Adjustable Rate Mortgage | &nbsp;&nbsp;3 | &nbsp;&nbsp;0.72% |
| &nbsp;&nbsp;Fixed Rate | &nbsp;&nbsp;411 | &nbsp;&nbsp;99.28% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |
| &nbsp;&nbsp;**Lien Position** | &nbsp;&nbsp;**No. of Loans** | &nbsp;&nbsp;**% of Population** |
| &nbsp;&nbsp;1st | &nbsp;&nbsp;414 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |

---

Inglet Blair, LLC Deal Summary

CLIP 2026-NQM1

pg. 7

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Purpose** | &nbsp;&nbsp;**No. of<br> Loans** | &nbsp;&nbsp;**% of<br> Population** |
| &nbsp;&nbsp;Cash Out: Debt Consolidation—<br> Proceeds used to pay off existing loans<br> other than loans secured by real<br> estate. | &nbsp;&nbsp;41 | &nbsp;&nbsp;9.90% |
| &nbsp;&nbsp;Cash Out: Other/Multipurpose/<br> Unknown purpose | &nbsp;&nbsp;105 | &nbsp;&nbsp;25.36% |
| &nbsp;&nbsp;First Time Home Purchase, as defined<br> by American Recovery and<br> Reinvestment Act of 2009 (Purchaser<br> has not owned a principal residence in<br> the past three years.) | &nbsp;&nbsp;27 | &nbsp;&nbsp;6.52% |
| &nbsp;&nbsp;Other-than-first-time Home Purchase | &nbsp;&nbsp;190 | &nbsp;&nbsp;45.89% |
| &nbsp;&nbsp;Rate/Term Refinance -- Borrower initiated | &nbsp;&nbsp;51 | &nbsp;&nbsp;12.32% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Property Type** | &nbsp;&nbsp;**No. of <br> Loans** | &nbsp;&nbsp;**% of <br> Population** |
| &nbsp;&nbsp;Single Family Detached (non-PUD) | &nbsp;&nbsp;223 | &nbsp;&nbsp;53.86% |
| &nbsp;&nbsp;Co-op | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.24% |
| &nbsp;&nbsp;Condo, Low Rise (4 or fewer stories) | &nbsp;&nbsp;39 | &nbsp;&nbsp;9.42% |
| &nbsp;&nbsp;Condo, High Rise (5+ stories) | &nbsp;&nbsp;5 | &nbsp;&nbsp;1.21% |
| &nbsp;&nbsp;dPUD (PUD with "de minimus" monthly HOA dues | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.24% |
| &nbsp;&nbsp;Townhouse (Do not report as "PUD") | &nbsp;&nbsp;11 | &nbsp;&nbsp;2.66% |
| &nbsp;&nbsp;PUD (Only for use with Single-Family<br> Detached Homes with PUD riders) | &nbsp;&nbsp;100 | &nbsp;&nbsp;24.15% |
| &nbsp;&nbsp;1 Family Attached | &nbsp;&nbsp;10 | &nbsp;&nbsp;2.42% |
| &nbsp;&nbsp;2 Family | &nbsp;&nbsp;13 | &nbsp;&nbsp;3.14% |
| &nbsp;&nbsp;3 Family | &nbsp;&nbsp;5 | &nbsp;&nbsp;1.21% |
| &nbsp;&nbsp;4 Family | &nbsp;&nbsp;6 | &nbsp;&nbsp;1.45% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |

---

Inglet Blair, LLC Deal Summary

CLIP 2026-NQM1

pg. 8

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**LTV** | &nbsp;&nbsp;**No. of Loans** | &nbsp;&nbsp;**% of Population** |
| &nbsp;&nbsp;**00.01- 10.00** | &nbsp;&nbsp;**0** | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**10.01- 20.00** | &nbsp;&nbsp;**6** | &nbsp;&nbsp;1.45% |
| &nbsp;&nbsp;**20.01- 30.00** | &nbsp;&nbsp;**3** | &nbsp;&nbsp;0.72% |
| &nbsp;&nbsp;**30.01- 40.00** | &nbsp;&nbsp;**10** | &nbsp;&nbsp;2.42% |
| &nbsp;&nbsp;**40.01- 50.00** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;6.04% |
| &nbsp;&nbsp;**50.01- 60.00** | &nbsp;&nbsp;**44** | &nbsp;&nbsp;10.63% |
| &nbsp;&nbsp;**60.01- 70.00** | &nbsp;&nbsp;**96** | &nbsp;&nbsp;23.19% |
| &nbsp;&nbsp;**70.01- 80.00** | &nbsp;&nbsp;**205** | &nbsp;&nbsp;49.52% |
| &nbsp;&nbsp;**80.01- 90.00** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;6.04% |
| &nbsp;&nbsp;**90.01- 100.00** | &nbsp;&nbsp;**0** | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |
| &nbsp;&nbsp;**CLTV** | &nbsp;&nbsp;**No. of Loans** | &nbsp;&nbsp;**% of Population** |
| &nbsp;&nbsp;**00.01- 10.00** | &nbsp;&nbsp;**0** | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**10.01- 20.00** | &nbsp;&nbsp;**6** | &nbsp;&nbsp;1.45% |
| &nbsp;&nbsp;**20.01- 30.00** | &nbsp;&nbsp;**3** | &nbsp;&nbsp;0.72% |
| &nbsp;&nbsp;**30.01- 40.00** | &nbsp;&nbsp;**10** | &nbsp;&nbsp;2.42% |
| &nbsp;&nbsp;**40.01- 50.00** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;6.04% |
| &nbsp;&nbsp;**50.01- 60.00** | &nbsp;&nbsp;**42** | &nbsp;&nbsp;10.14% |
| &nbsp;&nbsp;**60.01- 70.00** | &nbsp;&nbsp;**97** | &nbsp;&nbsp;23.43% |
| &nbsp;&nbsp;**70.01- 80.00** | &nbsp;&nbsp;**206** | &nbsp;&nbsp;49.76% |
| &nbsp;&nbsp;**80.01- 90.00** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;6.04% |
| &nbsp;&nbsp;**90.01- 100.00** | &nbsp;&nbsp;**0** | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**414** | &nbsp;&nbsp;**100%** |

---

Inglet Blair, LLC Deal Summary

CLIP 2026-NQM1

pg. 9

## Exhibit 99.3

**Exhibit 99.3 Schedule 1**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Loan Number (Selling Lender)** | **Loan Number (Purchasing Lender)** | **Data Field** | **Tape Data** | **IB Review Value** | **Discrepancy Comments** |
| XXXX | 1024911 | Loan Type | Conventional | Non-QM | Non-QM loan program. Source of Tape Value is unknown. |
| XXXX | 1024911 | Original Loan to Value | XXXX | XXXX | Approved LTV XXXX%, non-material variance due to rounding. Source of Tape Value is unknown. |
| XXXX | 1024911 | Original Combined Loan to Value | XXXX | XXXX | Approved CLTV XXXX%, non-material variance due to rounding. Source of Tape Value is unknown. |
| XXXX | 1024911 | Total Debt to Income Ratio | 37.79% | 42.72% | Variance < 3% is non-material (50% Max). |
| XXXX | 1024911 | U/W Doc Type | 12 Month 1099 | 24 Month 1099 | Guidelines require 24 months 1099s. |
| XXXX | 1024911 | Appraised Value | XXXX | XXXX | Review Value is the appraisal value. Source of Tape Value is un known. |
| XXXX | 1027760 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1027760 | Investor DTI (DSCR Ratio) | 1.30000 | 1.44309 | Lender DSCR calculation was based on a higher subject P&I payment. Review based on actual P&I per the note. |
| XXXX | 1028143 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM loan program. |
| XXXX | 1028143 | Total Debt to Income Ratio | 49.00% | 49.07% | Approved DTI 49.41%, variance < 3% is non-material (50% Max). Source of Tape Value is unknown. |
| XXXX | 1028143 | Appraised Value | XXXX | XXXX | Review Value is the appraisal value. Tape Value is the original sales price. |
| XXXX | 1027840 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per lender guidelines. |
| XXXX | 1027840 | Total Debt to Income Ratio | 42.52% | 42.26% | Tape source unknown. Approved DTI per the 1008 42.64%. Review DTI 42.26%. Variance is non-material.  |
| XXXX | 1027863 | Property Type | Single Family - Detached | PUD - Detached | PUD Detached property type verified per appraisal. |
| XXXX | 1027863 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1027863 | Amortization Type | Fixed Rate | Fixed (IO) | Fixed IO amortization verified per note. |
| XXXX | 1027746 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1027746 | Original Note Balance | XXXX | XXXX | The note confirms a loan amount of XXXX. |
| XXXX | 1027746 | Original Loan to Value | XXXX | XXXX | LTV calculated using the lesser of purchase price XXXX |
| XXXX | 1027746 | Original Combined Loan to Value | XXXX | XXXX | LTV calculated using the lesser of purchase price XXXX |
| XXXX | 1027746 | Investor DTI (DSCR Ratio) | 1.10031 | 0.89517 | Source of tape is unknown. Approved DSCR .90 which is a non-material variance from review DSCR of .895 |
| XXXX | 1027854 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1027854 | Escrow Impounds? | No | Yes | Flood Insurance impound included per Closing Disclosure. |
| XXXX | 1027854 | Total Debt to Income Ratio | 42.17% | 42.46% | Tape source unknown. Approved DTI per the 1008 42.46%. Review DTI 42.46%. No variance. <br>|
| XXXX | 1027909 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1027909 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Source of tape is unknown, loan approved as Rate Term. |
| XXXX | 1027872 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1027872 | Original Note Balance | XXXX | XXXX | The loan amount has been confirmed with the note. |
| XXXX | 1027872 | Original Loan to Value | XXXX | XXXX | Source of tape is unknown, approved LTV/CLTV XXXX |
| XXXX | 1027872 | Original Combined Loan to Value | XXXX | XXXX | Source of tape is unknown, approved LTV/CLTV XXXX |
| XXXX | 1027872 | Investor DTI (DSCR Ratio) | 1.06275 | 1.00338 | Source of tape is unknown, approved DSCR per approval 1.00 which matches review. |
| XXXX | 1027943 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1027877 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1027877 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Source of tape is unknown, loan approved as a Rate Term. |
| XXXX | 1027959 | Loan Type | Conventional | Non-QM | Alternative doc, bank statement program. Source of Tape Value is unknown. |
| XXXX | 1027959 | Total Debt to Income Ratio | 46.41% | 46.38% | Variance < 3% is non-material. Max DTI allowed 50%. |
| XXXX | 1028262 | Loan Type | Conventional | Non-QM | Loan was approved under the DSCR loan program. |
| XXXX | 1028262 | Original Note Balance | XXXX | XXXX | Review Value captured as per the Note. Source of Tape Value is unknown. |
| XXXX | 1028262 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan was approved as a rate/term refinance. Cash to borrower < $5k. Source of Tape Value is unknown. |
| XXXX | 1028262 | Original Loan to Value | XXXX | XXXX | Review Value agrees with the loan approval. Source of Tape Value is unknown. |
| XXXX | 1028262 | Original Combined Loan to Value | XXXX | XXXX | Review Value agrees with the loan approval. Source of Tape Value is unknown. |
| XXXX | 1028262 | Investor DTI (DSCR Ratio) | 1.10010 | 1.13084 | Approved DSCR 1.13, no variance. Source of Tape Value is unknown. |
| XXXX | 1028946 | Loan Type | Conventional | Non-QM | The loan is DSCR, confirmed Non - QM. |
| XXXX | 1027771 | Loan Type | Conventional | Non-QM | Loan type confirmed as Non-QM DSCR. |
| XXXX | 1027771 | Representative Credit Score | 759 | 755 | Middle score is 755 (755, 759, 739) |
| XXXX | 1027771 | Investor DTI (DSCR Ratio) | 1.25151 | 1.40029 | DSCR calculated using market rent $2450/PITIA $1749.63. |
| XXXX | 1027825 | Property Type | Single Family - Detached | PUD - Detached | Review Value captured as per the appraisal. Source of Tape Value is unknown. |
| XXXX | 1027825 | Loan Type | Conventional | Non-QM | Bank Statement Program is Non-QM. |
| XXXX | 1027825 | Original Loan to Value | XXXX | XXXX | Review Value matches to the loan approval. Source of Tape Value is unknown. |
| XXXX | 1027825 | Original Combined Loan to Value | XXXX | XXXX | Review Value matches to the loan approval. Source of Tape Value is unknown. |
| XXXX | 1027825 | Total Debt to Income Ratio | 48.90% | 47.20% | Approved DTI 47.20%, no variance. Source of Tape Value is unknown. |
| XXXX | 1027825 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | The file included 12 months of personal bank statements with attestation that the borrower des not have a separate business bank account. |
| XXXX | 1027825 | Appraised Value | XXXX | XXXX | The appraisal dated XX/XX/XXXX confirms a value of XXXX |
| XXXX | 1028547 | Loan Type | Conventional | Non-QM | DSCR loan program is Non-QM. |
| XXXX | 1028547 | Original Note Balance | XXXX | XXXX | Note balance verified per note. Tape source unknown. |
| XXXX | 1028547 | Original Loan to Value | XXXX | XXXX | Review Value matches to the loan approval. Tape source unknown. |
| XXXX | 1028547 | Original Combined Loan to Value | XXXX | XXXX | Review Value matches to the loan approval. Tape source unknown. |
| XXXX | 1028547 | Investor DTI (DSCR Ratio) | 1.45198 | 1.38163 | 1.38163 verified DSCR ratio. Tape source unknown. |
| XXXX | 1027836 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM. |
| XXXX | 1027836 | Original Note Balance | XXXX | XXXX | Note balance verified per note. Tape source unknown. |
| XXXX | 1027836 | Escrow Impounds? | Yes | No | No escrow impounds verified per final CD. Tape source unknown. |
| XXXX | 1027836 | Original Loan to Value | XXXX | XXXX | OLTV calculated on loan value and lower of sales price or appraised value. Tape source unknown. |
| XXXX | 1027836 | Original Combined Loan to Value | XXXX | XXXX | OCLTV calculated on loan value and lower of sales price or appraised value. Tape source unknown. |
| XXXX | 1027836 | Representative Credit Score | 708 | 704 | FICO is highest mid score. Tape source unknown. |
| XXXX | 1027836 | Appraised Value | XXXX | XXXX | Appraised value verified per appraisal. Tape source unknown. |
| XXXX | 1027836 | Investor DTI (DSCR Ratio) | 1.00000 | 1.02112 | 1.02112 is verified DSCR ratio. Tape source unknown. |
| XXXX | 1028237 | Loan Type | Conventional | Non-QM | Non-QM verified per lender guidelines. |
| XXXX | 1028237 | Total Debt to Income Ratio | 40.80% | 30.17% | Tape source unknown. Approved DTI per the 1008 30.371%. Review DTI 30.17%. Variance is non-material |
| XXXX | 1028184 | Investor DTI (DSCR Ratio) | 1.70487 | 1.61737 | Approved DSCR 1.62, non-material variance is due to rounding (Minimum Required 1.0). Source of Tape Value is unknown. |
| XXXX | 1027985 | Property Type | Single Family - Detached | Single Family - Attached | The appraisal confirms the property is a XXXX |
| XXXX | 1027985 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1027985 | Investor DTI (DSCR Ratio) | 1.10000 | 1.14184 | DSCR calculated using lease amount $1600/$1401.24 total PITIA. |
| XXXX | 1029082 | Property Type | PUD - Detached | PUD - Attached | The appraisal confirms the property is an attached PUD, Townhouse. |
| XXXX | 1029082 | Representative Credit Score | 803 | 765 | Review Value is the mid credit score per credit report. Tape Value is the highest score. |
| XXXX | 1029015 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1027801 | Property Type | Single Family - Detached | PUD - Detached | Loan verified as Detached PUD per Loan appraisal. |
| XXXX | 1027801 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1027801 | Original Note Balance | XXXX | XXXX | Tape source unknown. Note balance verified per note. |
| XXXX | 1027801 | Original Interest Rate | 7.8750% | 6.8750% | Tape source unknown. Note rate verified per note |
| XXXX | 1027801 | Original Loan to Value | XXXX | XXXX | OLTV calculated using loan balance and appraised value. |
| XXXX | 1027801 | Original Combined Loan to Value | XXXX | XXXX | OLTV calculated using loan balance and appraised value. |
| XXXX | 1027801 | Total Debt to Income Ratio | 36.21% | 37.87% | Tape source unknown. Approved DTI per the 1008 37.869%. Review DTI 37.87%. Variance is non-material. |
| XXXX | 1027801 | Appraised Value | XXXX | XXXX | Appraised value verified per appraisal. Tape source unknown. |
| XXXX | 1027896 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1027896 | Total Debt to Income Ratio | 48.00% | 45.80% | Tape source unknown. Approved DTI per the 1008 45.792%. Review DTI 45.80%. Variance is non-material. |
| XXXX | 1028504 | Property Type | Single Family - Detached | PUD - Detached | Property type verified per appraisal. |
| XXXX | 1028504 | Loan Type | Conventional | Non-QM | DSCR Loan Program is Non-QM. |
| XXXX | 1028504 | Investor DTI (DSCR Ratio) | 1.11600 | 1.06006 | Approved DSCR 1.06, no variance. Tape source unknown. |
| XXXX | 1028589 | Loan Type | Conventional | Non-QM | DSCR loan program is non-qm. |
| XXXX | 1028589 | Appraised Value | XXXX | XXXX | Review Value is the appraised value. Tape Value is the sales price. |
| XXXX | 1028589 | Investor DTI (DSCR Ratio) | 1.87220 | 1.23007 | Approved DSCR 1.23, no variance. Source of Tape Value is unknown. |
| XXXX | 1027915 | Property Type | Unspecified | Two Family | The appraisal confirms the property is two units |
| XXXX | 1027915 | Loan Type | Conventional | Non-QM | The loan closed as DSCR, Non-QM. |
| XXXX | 1027915 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Review Value confirmed with the documentation in file. Source of Tape Value is unknown. |
| XXXX | 1027915 | Investor DTI (DSCR Ratio) | 1.25000 | 1.58724 | Approved DSCR 1.59, non-material variance is due to rounding. Source of Tape Value is unknown. |
| XXXX | 1028129 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1028129 | Total Debt to Income Ratio | 33.90% | 33.84% | Approved DTI per the 1008 33.90%. Review DTI 33.84%. Variance is non-material. |
| XXXX | 1028581 | Loan Type | Conventional | Non-QM | Bank Statement program is non-qm. |
| XXXX | 1028581 | Original Note Balance | XXXX | XXXX | Review Value captured as per the Note. Tape Value is per the initial application. |
| XXXX | 1028581 | Original Loan to Value | XXXX | XXXX | Review Value agrees with the loan approval. Source of Tape Value is unknown. |
| XXXX | 1028581 | Original Combined Loan to Value | XXXX | XXXX | Review Value agrees with the loan approval. Source of Tape Value is unknown. |
| XXXX | 1028581 | Total Debt to Income Ratio | 16.38% | 18.40% | Approved DTI 20.525%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1027895 | Loan Type | Conventional | Non-QM | The transaction is DSCR, confirmed Non-QM. |
| XXXX | 1027895 | Investor DTI (DSCR Ratio) | 1.32000 | 1.22940 | Variance is non-material (Min Required 1.1). |
| XXXX | 1028014 | Loan Type | Conventional | Non-QM | Loan program is non-qm. |
| XXXX | 1028116 | Loan Type | Conventional | Non-QM | DSCR loan program is Non-QM. |
| XXXX | 1028116 | Original Note Balance | XXXX | XXXX | Original note balance verified per note. Source of Tape Value is unknown. |
| XXXX | 1028116 | Original Loan to Value | XXXX | XXXX | OLTV calculated on loan value. Tape source unknown. |
| XXXX | 1028116 | Original Combined Loan to Value | XXXX | XXXX | Review Value matches to the loan approval. Tape source unknown. |
| XXXX | 1028116 | Appraised Value | XXXX | XXXX | Appraised value verified per appraisal. Tape source unknown. |
| XXXX | 1028116 | Investor DTI (DSCR Ratio) | 1.20345 | 1.12381 | Review Value matches to the loan approval. Tape source unknown. |
| XXXX | 1028127 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal and Mortgage, property type is PUD - Detached. Source of Tape Value is unknown. |
| XXXX | 1028127 | Loan Type | Conventional | Non-QM | Bank Statement Program is Non-QM. |
| XXXX | 1028127 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | Loan file contains 12 months personal bank statements. Source of Tape Value is unknown. |
| XXXX | 1028243 | Loan Type | Conventional | Non-QM | DSCR Loan Program in Non-QM. |
| XXXX | 1028243 | Investor DTI (DSCR Ratio) | 1.34810 | 1.34475 | Approved DSCR 1.35, variance is non-material. |
| XXXX | 1028111 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal property type is PUD - Detached. Source of Tape Value is unknown. |
| XXXX | 1028111 | Original Interest Rate | 7.1250% | 6.7500% | Tape source unknown. Interest rate verified per note. |
| XXXX | 1028111 | Total Debt to Income Ratio | 42.33% | 41.74% | Approved DTI 41.51%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1028513 | Total Debt to Income Ratio | 10.48% | 11.64% | Approved DTI 10.48%, variance < 3% is non-material. |
| XXXX | 1028154 | Total Debt to Income Ratio | 32.46% | 32.35% | Tape source unknown. Approved DTI per the 1008 32.73%. Review DTI 32.35%. Variance is non-material. <br>|
| XXXX | 1029236 | Total Debt to Income Ratio | 40.73% | 41.33% | Review Value matches to the loan approval. Source of Tape Value is unknown. |
| XXXX | 1029236 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | Personal statements used, treated as business w/expense factor |
| XXXX | 1028762 | Loan Type | Conventional | Non-QM | DSCR loan program is non-qm. |
| XXXX | 1027950 | Loan Type | Conventional | Non-QM | DSCR loan program is non-qm. |
| XXXX | 1027950 | Investor DTI (DSCR Ratio) | 1.38100 | 1.39769 | Approved DSCR 1.4, non-material variance is due to rounding. Source of Tape Value is unknown. |
| XXXX | 1027987 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1027987 | Total Debt to Income Ratio | 47.55% | 47.22% | Variance < 3% is non-material. |
| XXXX | 1028006 | Loan Type | Conventional | Non-QM | Bank statement program is non-qm. |
| XXXX | 1028006 | Total Debt to Income Ratio | 30.51% | 34.53% | Approved DTI 34.44%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1028006 | Appraised Value | XXXX | XXXX | Review Value captured per the appraisal. The Tape Value is sales price. |
| XXXX | 1028157 | Loan Type | Conventional | Non-QM | Bank statement program is non-qm. |
| XXXX | 1028157 | Original Note Balance | XXXX | XXXX | Tape Value is from the initial application. Tape Value verified per note. |
| XXXX | 1028157 | Original Loan to Value | XXXX | XXXX | Approved Value 57.816%, non-material variance is due to rounding. Source of Tape Value is unknown. |
| XXXX | 1028157 | Original Combined Loan to Value | XXXX | XXXX | Approved Value 57.816%, non-material variance is due to rounding. Source of Tape Value is unknown. |
| XXXX | 1028157 | Total Debt to Income Ratio | 42.67% | 42.14% | Approved DTI 43.08%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1028978 | Property Type | Single Family - Detached | Single Family - Attached | SF Attached verified per appraisal. |
| XXXX | 1028978 | Loan Type | Conventional | Non-QM | Non-QM verified per lender guidelines. |
| XXXX | 1028978 | Original Note Balance | XXXX | XXXX | Tape source unknown. Loan note amount verified per note. |
| XXXX | 1028978 | Original Interest Rate | 7.3750% | 7.8750% | Tape source unknown. Interest rate verified per note. |
| XXXX | 1028978 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan amount and appraised value. |
| XXXX | 1028978 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on loan amount and appraised value. |
| XXXX | 1028978 | Appraised Value | XXXX | XXXX | Tape source unknown. Appraised value verified per appraiser. |
| XXXX | 1028978 | Investor DTI (DSCR Ratio) | 1.26208 | 1.24781 | Tape source unknown. DSCR on LA is 1.25, non-material variance is due to rounding. |
| XXXX | 1029113 | Loan Type | Conventional | Non-QM | DSCR loan program is non-qm. |
| XXXX | 1028001 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1028001 | Representative Credit Score | 759 | 762 | Tape is lowest mid score of both. Review is mid score of primary wage earner. |
| XXXX | 1028001 | Appraised Value | XXXX | XXXX | Appraised value verified per appraisal. Tape is sales price. |
| XXXX | 1028101 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1028101 | Total Debt to Income Ratio | 53.26% | 50.80% | Approved DTI 53.26%, Review DTI 50.80%. Variance is in the net rental calculation. Review is based on 2024 1040s. |
| XXXX | 1028206 | Loan Type | Conventional | Non-QM | Non-QM loan type per lender guidelines. |
| XXXX | 1028206 | Investor DTI (DSCR Ratio) | 1.42000 | 1.11619 | Tape source unknown. DSCR on Lender Qualifying Worksheet 1.116. Review calculated DSCR 1.116. |
| XXXX | 1029140 | Original Note Balance | XXXX | XXXX | Review Value captured from the Note. |
| XXXX | 1029140 | Appraised Value | XXXX | XXXX | Review Value is the appraisal value. Source of Tape is Unknown. |
| XXXX | 1029140 | Investor DTI (DSCR Ratio) | 1.12024 | 1.05622 | Approved DSCR 1.06, non-material variance is due to rounding. Source of Tape is unknown. |
| XXXX | 1029257 | Total Debt to Income Ratio | 3.34% | 3.30% | Non-Material variance less than 1%. |
| XXXX | 1029267 | Loan Type | Conventional | Non-QM | The approval confirms the loan is non-qm. |
| XXXX | 1029267 | Total Debt to Income Ratio | 42.00% | 46.04% | Source of tape is unknown, Approved DTI per the 1008 46.06%. Review DTI 45.94%. Variance is non-material. |
| XXXX | 1028059 | Property Type | Single Family - Detached | PUD - Detached | Per Mortgage and Appraisal, property type is PUD - Detached. |
| XXXX | 1028059 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1028059 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Borrower brought cash to close. First lien seasoned 6+ months. |
| XXXX | 1028059 | Total Debt to Income Ratio | 52.50% | 50.92% | Variance < 3% is non-material. |
| XXXX | 1028495 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1028495 | Investor DTI (DSCR Ratio) | 1.25000 | 1.37309 | Tape source unknown. DSCR on lender exception approval form 1.37. Review calculated DSCR 1.37. No variance. |
| XXXX | 1028577 | Property Type | Single Family - Detached | Single Family - Attached | Attached SFR per the appraisals on pages 871-910 |
| XXXX | 1028577 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM. |
| XXXX | 1028577 | Total Debt to Income Ratio | 46.62% | 47.52% | Tape source is unknown. The 1008 and approval both reflect DTI of 49.75% which is within 1% of review DTI, 46.62%. |
| XXXX | 1028577 | Representative Credit Score | 764 | 820 | Review fico of 820 is based on the primary wage earner. |
| XXXX | 1028939 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1028939 | Total Debt to Income Ratio | 38.00% | 38.69% | Approved DTI 38.25%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1029077 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm loan program. |
| XXXX | 1029077 | Total Debt to Income Ratio | 34.88% | 35.24% | Approved DTI 35.24%, no variance. Source of Tape Value is unknown. |
| XXXX | 1029094 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029094 | Investor DTI (DSCR Ratio) | 0.89249 | 0.88768 | DSCR .89 on loan approval. Review calculated DSCR .8876. Variance is rounding. |
| XXXX | 1029100 | Property Type | Unspecified | Two Family | 2 family per the Appraisal 373. |
| XXXX | 1029100 | Loan Type | Conventional | Non-QM | The 1008 confirms the loan is Non-QM. |
| XXXX | 1029100 | Original Note Balance | XXXX | XXXX | The Note confirms the loan amount is XXXX Unknown source of tape value. |
| XXXX | 1029100 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | The final 1003 and CD confirm the transaction is rate and term. page 44. |
| XXXX | 1029100 | Original Loan to Value | XXXX | XXXX | The LTV/CLTV is calculated using the loan amount of XXXX appraised value. |
| XXXX | 1029100 | Original Combined Loan to Value | XXXX | XXXX | The LTV/CLTV is calculated using the loan amount of XXXX appraised value. |
| XXXX | 1029100 | Total Debt to Income Ratio | 33.58% | 33.27% | Approved DTI 33.04%, variance < 3% is non-material. |
| XXXX | 1029181 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029181 | Total Debt to Income Ratio | 36.50% | 36.64% | DTI calculated using total debt $16,370.69/$44,678.74 total income. |
| XXXX | 1027920 | Property Type | Single Family - Detached | PUD - Attached | PUD property type verified per appraisal. |
| XXXX | 1027920 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1027920 | Original Note Balance | XXXX | XXXX | Tape source unknown. Note amount verified per note. |
| XXXX | 1027920 | Total Debt to Income Ratio | 36.18% | 39.98% | Tape source unknown. Approved DTI per the 1008 39.83%. Review DTI 39.98%. Variance is non-material. |
| XXXX | 1027920 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | Tape source unknown. Doc type verified as personal w/Business expense factor due to no maintaining separate personal/business accounts. |
| XXXX | 1027920 | Appraised Value | XXXX | XXXX | Tape source unknown. Appraised value verified per appraisal. |
| XXXX | 1028527 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1028527 | Total Debt to Income Ratio | 37.23% | 37.27% | Non-Material variance. |
| XXXX | 1029215 | Property Type | Unspecified | Two Family | Two family property type verified per appraisal. |
| XXXX | 1029215 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029215 | Investor DTI (DSCR Ratio) | 1.13138 | 1.15357 | Tape source unknown. DSCR per LA is 1.15. |
| XXXX | 1028488 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1028969 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1028969 | Investor DTI (DSCR Ratio) | 1.26692 | 1.30120 | Tape source unknown. DSCR per LA is 1.30. Review calculated DSCR 1.30. |
| XXXX | 1029169 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029169 | U/W Doc Type | Missing | DSCR | Doc type verified DSCR. |
| XXXX | 1029169 | Investor DTI (DSCR Ratio) | 0.90700 | 0.95633 | Tape source unknown. Lender DSCR .9563. Review calculated DSCR .9563. |
| XXXX | 1029229 | Property Type | Unspecified | Condo | Condo property type verified per appraisal.<br>|
| XXXX | 1029229 | Loan Type | Conventional | Non-QM | Non-QM Closed-End Loan Program. |
| XXXX | 1029229 | Total Debt to Income Ratio | 29.51% | 29.54% | Approved DTI 29.471%, variance < 3% is non-material. |
| XXXX | 1029229 | Representative Credit Score | 760 | 769 | Tape is lowest mid score of both borrowers. Review is mid score of primary wage earner, as required per guidelines. |
| XXXX | 1029229 | U/W Doc Type | Missing | Full | Loan file contains 24 months income documentation. |
| XXXX | 1029229 | Appraised Value | XXXX | XXXX | Tape is sales price. Review Value is the appraisal value. |
| XXXX | 1029272 | Loan Type | Conventional | Non-QM | Loan was approved under a non qm loan program. |
| XXXX | 1029272 | Escrow Impounds? | Yes | No | The final CD confirms no escrow impounds were collected. |
| XXXX | 1029272 | Total Debt to Income Ratio | 49.00% | 47.57% | Source of tape is unknown, Approved DTI per the 1008 44.08%, Review DTI 44.57%. Per the 1008 DTI variance is due to the subject net rental loss. |
| XXXX | 1029272 | U/W Doc Type | Missing | Full | Loan file provides 24 months income documentation. |
| XXXX | 1029425 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029425 | U/W Doc Type | Missing | DSCR | DSCR is verified doc type per lender guidelines. |
| XXXX | 1029425 | Investor DTI (DSCR Ratio) | 1.05775 | 1.05448 | Tape source unknown. DSCR per lender approval 1.06. Review calculated DSCR 1.054. |
| XXXX | 1028562 | Property Type | Single Family - Detached | Single Family - Attached | Per Appraisal, subject property is an attached end unit. |
| XXXX | 1028562 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1028562 | Total Debt to Income Ratio | 49.60% | 45.39% | Tape source unknown. Approved DTI per the 1008 45.39%. Review DTI 45.39%. No variance. |
| XXXX | 1028562 | Appraised Value | XXXX | XXXX | Sales Price is XXXX. Appraisal Value is XXXX. |
| XXXX | 1029495 | Loan Type | Conventional | Non-QM | Loan was approved under the 1099 NonQM Program. |
| XXXX | 1029495 | Total Debt to Income Ratio | 44.42% | 44.46% | Variance < 3% is non-material. |
| XXXX | 1029495 | Representative Credit Score | 767 | 791 | Tape is lowest mid score of both borrowers. Review is mid score of primary wage earner. |
| XXXX | 1029495 | U/W Doc Type | 12 Month 1099 | 24 Month 1099 | Loan file contains 24 months 1099s. |
| XXXX | 1029495 | Appraised Value | XXXX | XXXX | Tape is sales price. Review Value is the appraisal value. |
| XXXX | 1028203 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm bank statement program. |
| XXXX | 1028203 | Total Debt to Income Ratio | 49.05% | 47.70% | Tape source unknown. Approved DTI 47.573%, variance < 3% is non-material. |
| XXXX | 1028203 | U/W Doc Type | 12 Month 1099 | 12-mo Bank Statement-Business | Review used 12 mths business bank statements in file. |
| XXXX | 1029131 | Loan Type | Conventional | Non-QM | The loan is confirmed Non-QM. |
| XXXX | 1029131 | Total Debt to Income Ratio | 32.34% | 32.03% | Review variance is less than 3% and considered non-material |
| XXXX | 1028464 | Total Debt to Income Ratio | 44.24% | 44.50% | Approved DTI 45.27%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1028020 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1028020 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | No cash proceeds given to borrower with transaction. 1008 reflects no-cash-out refinance (p260) |
| XXXX | 1028020 | Total Debt to Income Ratio | 6.34% | 6.71% | Review variance is less than 3% and considered non-material. |
| XXXX | 1028020 | U/W Doc Type | Full | 12-mo Bank Statement-Business | The loan was approved utilizing 12 months of business statements. |
| XXXX | 1027722 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1027722 | Representative Credit Score | 777 | 810 | Source of tape is unknown, mid fico of primary wage earner is 810. |
| XXXX | 1027722 | Investor DTI (DSCR Ratio) | 0.91000 | 0.89200 | Tape source unknown. DSCR per lender 1008 is .89 (p5). Review calculated DSCR .89. |
| XXXX | 1029347 | Original Note Balance | XXXX | XXXX | Loan amount per tape $XXXX increased on CD issued XX/XX/XXXX (page 863). |
| XXXX | 1029347 | Original Loan to Value | XXXX | XXXX | The LTV/CLTV is calculated using the loan amount of XXXX/ the lesser of the Purchase price of XXXX. |
| XXXX | 1029347 | Original Combined Loan to Value | XXXX | XXXX | The LTV/CLTV is calculated using the loan amount of XXXX/ the lesser of the Purchase price of XXXX. |
| XXXX | 1029347 | Total Debt to Income Ratio | 49.90% | 49.82% | Source of tape is unknown. Approved DTI per the 1008 49.82% which matches review. |
| XXXX | 1029347 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | The loan was approved utilizing personal bank statements. |
| XXXX | 1029347 | Appraised Value | XXXX | XXXX | Tape value XXXX0. Appraisal on page 662 has value of XXXX. Lender advised H/O via email (page 696) appraised value was XXXX. |
| XXXX | 1029732 | Loan Type | Conventional | Non-QM | The loan is DSCR, confirmed Non-QM. |
| XXXX | 1029732 | Original Note Balance | XXXX | XXXX | The note confirms the loan amount is XXXX |
| XXXX | 1029732 | Original Loan to Value | XXXX | XXXX | The LTV/CLTV is calculated using the loan amount of XXXX appraised valued. |
| XXXX | 1029732 | Original Combined Loan to Value | XXXX | XXXX | The LTV/CLTV is calculated using the loan amount of XXXX appraised valued. |
| XXXX | 1029732 | Investor DTI (DSCR Ratio) | 1.02314 | 1.00115 | DSCR calculated using 100% of market rent $3,100/$3,096.41 PITIA. Approval (p341) reflects DSCR 1. |
| XXXX | 1027766 | Loan Type | Conventional | Non-QM | The loan is confirmed Non-QM. |
| XXXX | 1027766 | Total Debt to Income Ratio | 21.96% | 37.59% | Source of tape is unknown. Approved DTI per the 1008 37.59% which matches the review DTI. |
| XXXX | 1028039 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1028039 | Prepayment Penalty Clause? | No | Yes | Tape source unknown. Note has a prepayment penalty verified per note addendum. |
| XXXX | 1028039 | Investor DTI (DSCR Ratio) | 0.93000 | 1.20151 | Tape source unknown. Lender DSCR per loan approval 1.20 (p47). Review calculated DSCR 1.20. |
| XXXX | 1029179 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029179 | Total Debt to Income Ratio | 33.00% | 0.00% | Tape source unknown. Loan is DSCR per lender guidelines and program qualification. |
| XXXX | 1029179 | Investor DTI (DSCR Ratio) | 0.90000 | 0.90610 | Tape DSCR and lender calculated DSCR .90. Review calculated DSCR .90. |
| XXXX | 1029134 | Loan Type | Conventional | Non-QM | Loan is confirmed DSCR, non-qm. |
| XXXX | 1029134 | Investor DTI (DSCR Ratio) | 0.88000 | 0.91917 | DSCR calculated using market rent of $3900/$4242.92 PITIA. |
| XXXX | 1028567 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1028567 | Total Debt to Income Ratio | 38.60% | 34.40% | Approved DTI 34.808%, variance < 3 is non material. Source of Tape Value is unknown. |
| XXXX | 1028552 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1028552 | Investor DTI (DSCR Ratio) | 1.01815 | 1.01815 | Tape and Loan Approval DSCR 1.02. Review calculated DSCR 1.018. Variance is non-material. |
| XXXX | 1027859 | Property Type | Single Family - Detached | PUD - Attached | The appraisal confirms the property is a semi attached PUD. |
| XXXX | 1027859 | Loan Type | Conventional | Non-QM | Confirmed the subject is DSCR, Non-QM. |
| XXXX | 1027859 | Investor DTI (DSCR Ratio) | 1.00300 | 1.00027 | Tape value is rounded. |
| XXXX | 1028170 | Loan Type | Conventional | Non-QM | Loan approved under Non-QM Asset Utilization Program. Source of Tape Value is unknown. |
| XXXX | 1028170 | Amortization Type | Fixed Rate | Fixed (IO) | The Note provides a 120 Month Interest Only Period. Source of Tape Value is unknown. |
| XXXX | 1028170 | Total Debt to Income Ratio | 43.95% | 44.00% | Variance < 3% is non-material. |
| XXXX | 1028170 | Appraised Value | XXXX | XXXX | Review Value is the Appraisal Value. Tape Value is the Sales Price. |
| XXXX | 1028955 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | No cash out to borrower. IRS payoff less than cash from borrower at closing. |
| XXXX | 1028955 | Total Debt to Income Ratio | 44.63% | 47.45% | Tape source is unknown. The 1008 reflects DTI of 47.093% which is within 1% of review DTI, 47.87%. |
| XXXX | 1028955 | U/W Doc Type | Full | Full/Alternate | Review considered Full/Alt as only 1 year tax returns were used to qualify. |
| XXXX | 1028970 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan is a rate/term refinance as per the loan approval. Borrower brought cash to closing. Borrower is simultaneously refinancing existing second lien. |
| XXXX | 1028970 | Total Debt to Income Ratio | 49.79% | 46.28% | Approved DTI 45.81%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1028994 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029023 | Total Debt to Income Ratio | 44.82% | 44.79% | Non-material variance less than 1% |
| XXXX | 1029023 | U/W Doc Type | Full | Full/Alternate | Review considered Full/Alt as less than 2 yrs income docs required. |
| XXXX | 1029122 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029122 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | No funds disbursed to borrower or for debt per Final CD. |
| XXXX | 1029122 | Total Debt to Income Ratio | 41.43% | 41.17% | Tape source unknown. Approved DTI per the 1008 42.594%. Review DTI 41.17%. Variance is non-material. |
| XXXX | 1029122 | Representative Credit Score | 778 | 806 | Tape is lowest mid score of both borrowers. Review is mid score of primary wage earner. |
| XXXX | 1029122 | Appraised Value | XXXX | XXXX | Value for LTV/CLTV is XXXX. Value Supported by CDA which returned with 0% variance. Value of XXXX is value from second appraisal. |
| XXXX | 1029291 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal and Mortgage, property type is PUD - Detached. |
| XXXX | 1029291 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029291 | Total Debt to Income Ratio | 31.12% | 31.90% | Tape source unknown. Approved DTI per the 1008 30.74%. Review DTI 31.90%. Variance is non-material. |
| XXXX | 1029461 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029461 | Total Debt to Income Ratio | 23.00% | 30.22% | Tape source unknown. Approved DTI per the 1008 29.89%. Review DTI 30.22%. Variance is non-material. |
| XXXX | 1029461 | Representative Credit Score | 810 | 816 | Tape source unknown. Review is borrower mid score per credit report. |
| XXXX | 1029472 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029472 | Total Debt to Income Ratio | 31.40% | 33.23% | Approved DTI 33.719%, variance < 3% is non-material. |
| XXXX | 1029529 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029529 | Original Note Balance | XXXX | XXXX | Tape source unknown. Note balance verified per note. |
| XXXX | 1029529 | Original Interest Rate | 7.3750% | 7.1250% | Tape source unknown. Note rate verified per note. |
| XXXX | 1029529 | Original Loan to Value | XXXX | XXXX | Tape source unknown. OLTV calculated on loan value divided by appraised value. |
| XXXX | 1029529 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on loan value divided by appraised value. |
| XXXX | 1029529 | Appraised Value | XXXX | XXXX | Tape source unknown. Appraised value verified per appraisal. |
| XXXX | 1029529 | Investor DTI (DSCR Ratio) | 1.02924 | 0.99405 | Tape source unknown. Lender DSCR per Loan Approval is 1.00. Review calculated DSCR is .7656. Variance is due to lender TI of 382.64 vs calculated TI of 640.33 (pgs 184; 187). |
| XXXX | 1027924 | Property Type | Unspecified | High Rise Condo (XXXX) | Property type confirmed per appraisal |
| XXXX | 1027924 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1027924 | Total Debt to Income Ratio | 49.97% | 48.02% | Non-material variance less than 2% |
| XXXX | 1028293 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM |
| XXXX | 1028293 | Total Debt to Income Ratio | 48.36% | 46.92% | Tape source is unknown. The 1008 and approval both reflect DTI of 46.92% which matches the review DTI. |
| XXXX | 1028450 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1028450 | Original Note Balance | XXXX | XXXX | The note confirms the loan amount is XXXX |
| XXXX | 1028450 | Original Interest Rate | 7.5000% | 7.3750% | The note confirms the rate as 7.375%. |
| XXXX | 1028450 | Sales Price | XXXX | XXXX | The purchase contract and final CD confirm the purchase price is XXXX |
| XXXX | 1028450 | Total Debt to Income Ratio | 46.26% | 45.47% | Source of tape is unknown. Approved DTI per the 1008 45.47% which matches the review DTI. |
| XXXX | 1028492 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal and Mortgage, property type is PUD - Detached. |
| XXXX | 1028492 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1028492 | Total Debt to Income Ratio | 10.75% | 23.21% | Source of tape is unknown. Review DTI of 23.21% matches the 1008. |
| XXXX | 1028586 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1028586 | Total Debt to Income Ratio | 47.69% | 47.68% | Non-material variance less than 1% |
| XXXX | 1029062 | Total Debt to Income Ratio | 42.00% | 44.64% | Tape source unknown. Approved DTI per the 1008 44.64%. Review DTI 44.64%. No variance. |
| XXXX | 1029062 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | 12 mths personal statements utilized as business bank statement. |
| XXXX | 1029062 | Appraised Value | XXXX | XXXX | Tape is sales price. Appraised value verified per appraisal. |
| XXXX | 1029441 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029441 | Original Loan to Value | XXXX | XXXX | Variance appears to be due to rounding. |
| XXXX | 1029441 | Original Combined Loan to Value | XXXX | XXXX | Variance appears to be due to rounding. |
| XXXX | 1029441 | Total Debt to Income Ratio | 41.68% | 41.63% | Non-Material variance less than 1%. |
| XXXX | 1029441 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | The loan was approved with 12 months of personal bank statements using a 50% expense factor as borrower does not maintain a separate business account. |
| XXXX | 1029524 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029524 | Investor DTI (DSCR Ratio) | 1.00845 | 1.06339 | Tape source unknown. Lender DSCR per loan approval 1.06. Review calculated DSCR 1.06. No variance. |
| XXXX | 1029651 | Loan Type | Conventional | Non-QM | loan type verified as Non-QM DSCR. |
| XXXX | 1029651 | Original Note Balance | XXXX | XXXX | Loan amount verified per the Note. |
| XXXX | 1029651 | Original Loan to Value | XXXX | XXXX | Source of tape is unknown. Review matches the approved value per the 1008. |
| XXXX | 1029651 | Original Combined Loan to Value | XXXX | XXXX | Source of tape is unknown. Review matches the approved value per the 1008. |
| XXXX | 1029651 | Investor DTI (DSCR Ratio) | 0.93901 | 0.90317 | Source of tape is unknown. Approved DSCR per approval DSCR 0.91%, Review DSCR .90%. |
| XXXX | 1030532 | Total Debt to Income Ratio | 21.25% | 35.59% | Revised approved DTI 29.82%, variance > 3% but did not increase above 45% and is below the max allowed of 50%. |
| XXXX | 1029854 | Loan Type | Conventional | Non-QM | Loan was approved under the Non-QM DSCR loan program. Source of Tape Value is unknown. |
| XXXX | 1029854 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Cash to Borrower up to $5,000 allowed for rate/term refinance per guidelines. |
| XXXX | 1029854 | Investor DTI (DSCR Ratio) | 1.53093 | 1.63741 | Approved DSCR 1.23, non-material variance is due to vacancy factor of 25% used for qualifying. Tape source unknown. |
| XXXX | 1029943 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm dscr loan program. Source of Tape Value is unknown. |
| XXXX | 1030198 | Loan Type | Conventional | Non-QM | Loan approved under the non-qm DSCR loan program. |
| XXXX | 1027721 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1027721 | Total Debt to Income Ratio | 37.94% | 38.87% | Non-material variance less than 1% |
| XXXX | 1029378 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1030213 | Loan Type | Conventional | Non-QM | The loan was approved under the non-qm DSCR loan program. Source of Tape Value is unknown. |
| XXXX | 1030213 | Total Debt to Income Ratio | 40.00% | 0.00% | Tape source unknown. Loan is DSCR per loan approval. |
| XXXX | 1030213 | Investor DTI (DSCR Ratio) | 0.75000 | 0.79239 | Approved DSCR .79, no variance. Source of Tape Value is unknown. |
| XXXX | 1027995 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1027995 | Total Debt to Income Ratio | 31.30% | 30.30% | Tape source unknown. Approved DTI per the 1008 31.30%. Review DTI 30.30%. Variance is non-material. <br>|
| XXXX | 1027995 | Representative Credit Score | 791 | 805 | Tape is lowest mid score of both borrowers. Review is mid score of primary wage earner. |
| XXXX | 1027995 | Appraised Value | XXXX | XXXX | Appraised Value was $XXXX verified per appraisal. Sales Price was XXXX verified per sales contract. |
| XXXX | 1029261 | Property Type | Single Family - Detached | PUD - Detached | Property type verified by Appraisal. Source of Tape Value is unknown. |
| XXXX | 1029261 | Total Debt to Income Ratio | 45.97% | 46.45% | Approved DTI 46.45%, no variance. Source of Tape Value is unknown. |
| XXXX | 1029261 | U/W Doc Type | 12 Month 1099 | 24 Month 1099 | 24 Months 1099s documented in file. |
| XXXX | 1029661 | Property Type | Single Family - Detached | PUD - Detached | PUD detached property type verified per appraisal. Source of Tape Value is unknown. |
| XXXX | 1029661 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1029741 | Property Type | PUD - Detached | PUD - Attached | Attached PUD property type verified per appraisal |
| XXXX | 1029741 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1029741 | Amortization Type | Fixed Rate | Fixed (IO) | Amortization type verified per the Note. |
| XXXX | 1029741 | Total Debt to Income Ratio | 49.70% | 49.89% | Variance < 3% is non-material. |
| XXXX | 1029741 | U/W Doc Type | Full | Full/Alternate | Review considered Full/Alt as less than 2 years tax returns were required for self-employed borrower. |
| XXXX | 1028193 | Property Type | Single Family - Detached | PUD - Detached | Property Type is PUD - Detached per verified per Appraisal. Source of Tape Value is unknown. |
| XXXX | 1028193 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1028193 | Amortization Type | Adjustable Rate | 5/1 or 5/6 mos. ARM (IO) | Arm IO Amortization verified per note. Tape Value is unspecified. |
| XXXX | 1028193 | Escrow Impounds? | Yes | No | Tape source unknown. Loan is not escrowed verified per escrow waiver. |
| XXXX | 1028193 | Representative Credit Score | 793 | 796 | Tape Value is B2 lowest of three scores. Review Value is the middle credit score. |
| XXXX | 1028193 | Investor DTI (DSCR Ratio) | 1.32000 | 1.40850 | Unable to determine cause of variance. None of the DSCR Wks in the loan file were based on the IO payment of $2005.21.<br>|
| XXXX | 1028542 | Property Type | Single Family - Detached | PUD - Detached | Property type is PUD - Detached as verified per appraisal. |
| XXXX | 1028542 | Original Note Balance | XXXX | XXXX | Tape Value is from the initial application. Review Value captured from the note. |
| XXXX | 1028542 | Original Interest Rate | 6.8750% | 6.9900% | Tape Value is from the initial application. Review Value captured from the note. |
| XXXX | 1028542 | Original Loan to Value | XXXX | XXXX | Tape source unknown. OLTV calculated on loan value and appraised value. |
| XXXX | 1028542 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on loan value and appraised value. |
| XXXX | 1028542 | Total Debt to Income Ratio | 46.31% | 10.85% | Tape source unknown. Approved DTI 10.85%, no variance. |
| XXXX | 1028542 | Representative Credit Score | 705 | 807 | Tape is lowest mid score of both borrowers. Review is mid score of primary wage earner. |
| XXXX | 1028542 | Appraised Value | XXXX | XXXX | Tape Value is the Original Estimated Value. Review Value is the Actual Appraisal Value. |
| XXXX | 1027965 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1027965 | Total Debt to Income Ratio | 41.23% | 42.74% | Non-Material variance less than 3%. |
| XXXX | 1028989 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm asset utilization program. |
| XXXX | 1028989 | Total Debt to Income Ratio | 44.28% | 44.52% | Approved DT 44.39%, variance < 3% is non-material. |
| XXXX | 1028989 | Representative Credit Score | 788 | 809 | Review Value is the middle credit score. Source of Tape Value is unknown. |
| XXXX | 1028989 | Appraised Value | XXXX | XXXX | Review Value is the appraisal value. Tape Value is the sales price. |
| XXXX | 1029107 | Property Type | Unspecified | Two Family | Two Family property type verified per appraisal. |
| XXXX | 1029107 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029107 | Original Note Balance | XXXX | XXXX | Original note balance verified per note. Tape source unknown. |
| XXXX | 1029205 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1029205 | U/W Doc Type | Full | Asset Utilization | Income derived from Asset Depletion. |
| XXXX | 1029205 | Appraised Value | XXXX | XXXX | Review Value is the Appraised value. Tape Value is the purchase price. |
| XXXX | 1029242 | Loan Type | Conventional | Non-QM | Non-QM /DSCR loan type verified per lender guidelines. |
| XXXX | 1029242 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Rate and Term loan purpose verified per 1008 and final CD. |
| XXXX | 1029342 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029342 | Total Debt to Income Ratio | 41.70% | 42.43% | Variance within 3%, non material. |
| XXXX | 1027984 | Loan Type | Conventional | Non-QM | Loan was approved under the expanded program. |
| XXXX | 1027984 | Total Debt to Income Ratio | 43.21% | 44.87% | Variance less than 3%, non material. Max allowed DTI is 50%. |
| XXXX | 1027984 | Appraised Value | XXXX | XXXX | Review Value is the appraisal value. Tape Value is the sales price. |
| XXXX | 1029310 | Loan Type | Conventional | Non-QM | Loan was approved under the expanded loan program. Source of Tape Value is unknown. |
| XXXX | 1029310 | Total Debt to Income Ratio | 38.30% | 34.46% | Approved DTI 33.73%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1029320 | Loan Type | Conventional | Non-QM | Loan was approved under the expanded loan program. |
| XXXX | 1029320 | Total Debt to Income Ratio | 40.52% | 38.88% | Variance < 3% is non-material. |
| XXXX | 1029699 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029699 | Appraised Value | XXXX | XXXX | Appraised Value verified by Appraisal pg 100. |
| XXXX | 1029718 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029718 | Original Interest Rate | 7.0000% | 7.2500% | Original Interest Rate is 7.25% verified per Note pg 350. Source of Tape Value is unknown. |
| XXXX | 1029718 | Representative Credit Score | 730 | 685 | Tape source unknown. Review credit score is lower mid fico of the two borrower's. (716/685 per CBR 12/08/25) |
| XXXX | 1029718 | Investor DTI (DSCR Ratio) | 1.19415 | 1.08071 | Tape source unknown. Lender DSCR per loan approval is 1.08. Review calculated DSCR 1.08. No variance. |
| XXXX | 1029921 | Loan Type | Conventional | Non-QM | Non-QM / DSCR loan type verified per lender guidelines. |
| XXXX | 1029966 | Total Debt to Income Ratio | 47.56% | 50.04% | Variance < 3% but exceeds 50% max allowed. |
| XXXX | 1029966 | Representative Credit Score | 742 | 791 | Tape is lowest mid score of both borrowers. Review fico is mid score of primary wage earner. |
| XXXX | 1030180 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1030180 | Investor DTI (DSCR Ratio) | 0.78000 | 0.73938 | Tape source unknown. Lender DSCR per worksheet is.739. Review calculated DSCR .739. No variance. |
| XXXX | 1029680 | Property Type | Unspecified | Single Family - Detached | Property type is Single Detached Unit per Appraisal. |
| XXXX | 1029680 | Original Loan to Value | XXXX | XXXX | Tape source based on initial estimated value. LTV calculated using loan amount and appraised value = XXXX. |
| XXXX | 1029680 | Original Combined Loan to Value | XXXX | XXXX | Tape source based on initial estimated value. CLTV calculated using loan amount and appraised value = 43.09%. |
| XXXX | 1029680 | Total Debt to Income Ratio | 48.31% | 46.91% | Tape source unknown. Approved DTI per the 1008 46.915%. |
| XXXX | 1029680 | Appraised Value | XXXX | XXXX | Tape source initial estimated value. Appraised value verified per appraisal. |
| XXXX | 1029331 | Property Type | Unspecified | Four Family | Tape is null. Property Type verified as Four Family Appraisal. |
| XXXX | 1029331 | Total Debt to Income Ratio | 35.60% | 49.36% | Approved DTI 46.467%, variance < 3% is non-material. |
| XXXX | 1030435 | Property Type | Unspecified | Single Family - Detached | SF property type verified per appraisal. |
| XXXX | 1030435 | Investor DTI (DSCR Ratio) | 1.01229 | 1.00975 | Tape and lender loan approval DSCR of 1.01. Review calculated DSCR 1.01. No variance. |
| XXXX | 1029251 | Property Type | Unspecified | Single Family - Detached | SF Property type verified per appraisal. |
| XXXX | 1029251 | Original Interest Rate | 6.7940% | 6.8750% | Tape source unknown. Original rate verified per note. |
| XXXX | 1029251 | Appraised Value | XXXX | XXXX | Tape is sales price. Review value verified per appraisal. |
| XXXX | 1029251 | Investor DTI (DSCR Ratio) | 1.30068 | 1.07376 | Tape source unknown. Lender DSCR per loan approval 1.07. Review calculated DSCR 1.07. No variance. |
| XXXX | 1029004 | Property Type | Unspecified | Single Family - Detached | Property Type verified per Appraisal. |
| XXXX | 1029004 | U/W Doc Type | Full | Asset Utilization | Tape source unknown. Doc Type is Asset Utilization as verified per loan approval. |
| XXXX | 1029168 | Property Type | Unspecified | PUD - Detached | PUD per Appraisal. |
| XXXX | 1029168 | Total Debt to Income Ratio | 40.45% | 39.93% | Variance < 3% is non-material. |
| XXXX | 1029583 | Total Debt to Income Ratio | 21.22% | 34.26% | Variance > 3% due to ineligible deposits. Review DTI < 50% Max Allowed. |
| XXXX | 1029207 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1029797 | Property Type | Single Family - Detached | PUD - Detached | Property type verified per Appraisal and Executed PUD Rider |
| XXXX | 1029797 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1029797 | Original Interest Rate | 6.6250% | 6.8750% | The note (pg 746) confirms the rate is 6.875% |
| XXXX | 1029797 | Total Debt to Income Ratio | 13.08% | 13.67% | The Approval (575, 1008 p552) reflects approved DTI 13.665%. Unable to determine the source of the tape value. |
| XXXX | 1029797 | Appraised Value | XXXX | XXXX | The appraisal confirms the value is XXXX Tape value reflects the sales price, not appraised value. |
| XXXX | 1028596 | Property Type | Single Family - Detached | PUD - Detached | Pud property type verified per appraisal. |
| XXXX | 1028596 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1028596 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Rate and term refinance verified per loan approval and final CD. Tape source unknown. $XXXX cash to borrower at closing within the 1% of loan amount/$5,000 cash back limit for rate/term per guidelines. |
| XXXX | 1028596 | Investor DTI (DSCR Ratio) | 1.83500 | 1.83539 | Tape and lender loan confirmation DSCR is 1.835. Review calculated DSCR of 1.835 with no variance. |
| XXXX | 1029029 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029222 | Loan Type | Conventional | Non-QM | Loan was approved under the expanded program. Source of Tape Value is unknown. |
| XXXX | 1029222 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan was approved as a rate term refinance of seasoned first lien. Borrower brought cash to close. |
| XXXX | 1029222 | Investor DTI (DSCR Ratio) | 1.08000 | 1.07600 | Non-material variance is due to rounding. |
| XXXX | 1029365 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029365 | Amortization Type | Fixed Rate | Fixed (IO) | Per Note, Loan includes an IO period of 10 years. |
| XXXX | 1029365 | Total Debt to Income Ratio | 38.87% | 41.28% | Tape source unknown. Approved DTI 41.28%, no variance. |
| XXXX | 1029365 | Amortized Original Term | 480 |  | Amortization is 480 months as verified per note. Review value is due to 120 months IO. |
| XXXX | 1029546 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm expanded loan program. |
| XXXX | 1029546 | Representative Credit Score | 775 | 789 | Review Value is the primary wage earner middle score, as required per guidelines. Tape Value is the lower of the two borrowers middle credit scores. |
| XXXX | 1029562 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1029562 | Appraised Value | XXXX | XXXX | Review Value is the appraisal value. Tape Value is the sales price. |
| XXXX | 1029562 | Investor DTI (DSCR Ratio) | 1.05319 | 1.59334 | Approved DSCR 1.59. no variance. Source of Tape Value is unknown. |
| XXXX | 1029761 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1029761 | Representative Credit Score | 735 | 740 | Tape source unknown. Review value is borrower mid score per credit report. |
| XXXX | 1029912 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029912 | Amortization Type | Fixed Rate | Fixed (IO) | Note includes IO period of 10 Years. |
| XXXX | 1029912 | Total Debt to Income Ratio | 36.62% | 46.00% | Tape source is unknow, both the 1008 and approval in file show 45.14% DTI. Non-material variance to approved DTI (Max 50%). |
| XXXX | 1029912 | Amortized Original Term | 480 |  | Formatting IO Period. |
| XXXX | 1029912 | Appraised Value | XXXX | XXXX | Appraisal reflects the value as XXXX The tape value appears to reflect the sales price. |
| XXXX | 1030938 | Loan Type | Conventional | Non-QM | The loan was approved under the non-qm bank statement program. |
| XXXX | 1028297 | Property Type | Single Family - Detached | PUD - Detached | PUD property type verified per appraisal. |
| XXXX | 1028297 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1028297 | Appraised Value | XXXX | XXXX | Tape is sale price. Appraised value verified per appraisal. |
| XXXX | 1028297 | Investor DTI (DSCR Ratio) | 1.50000 | 1.54425 | Tape source unknown. Lender DSCR per worksheet is 1.54. Review calculated DSCR with no variance is 1.54. |
| XXXX | 1029275 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029275 | Escrow Impounds? | Yes | No | Tape source unknown. Loan is not escrowed per final CD/Escrow Waiver. |
| XXXX | 1029275 | Total Debt to Income Ratio | 49.80% | 49.60% | Tape source unknown. Approved DTI per the 1008 49.83%. Review DTI 49.8%. Variance is non-material. <br>|
| XXXX | 1029658 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029658 | Total Debt to Income Ratio | 38.28% | 44.22% | Unable to determine the source of the tape value, approved DTI is 43.925%. Non-material variance to approved DTI. Variance due to discrepancies on mortgage payments for additional REO. |
| XXXX | 1029694 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1029983 | Property Type | Single Family - Detached | PUD - Detached | The appraisal confirms the property is SFR Detached PUD. |
| XXXX | 1029983 | Loan Type | Conventional | Non-QM | The subject transaction is Non-Wm |
| XXXX | 1029983 | Amortization Type | Fixed Rate | Fixed (IO) | The note confirms Fixed (IO). |
| XXXX | 1029983 | Total Debt to Income Ratio | 25.96% | 24.97% | Source of tape is unknown, approved DTI per the 26.12. Review DTI 24.97. Variance is less than 3% and considered non-material. |
| XXXX | 1030050 | Loan Type | Conventional | Non-QM | Loan confirmed as Non-QM DSCR. |
| XXXX | 1030050 | Original Interest Rate | 7.3750% | 7.2500% | Verified Rate per the note 7.25%. |
| XXXX | 1030050 | Original Loan to Value | XXXX | XXXX | Source of tape is unknown. Approved LTV/CLTV per the 1008 is XXXX. |
| XXXX | 1030050 | Original Combined Loan to Value | XXXX | XXXX | Source of tape is unknown. Approved LTV/CLTV per the 1008 is XXXX. |
| XXXX | 1030050 | Appraised Value | XXXX | XXXX | Source of tape is unknown, Value verified per the appraisal matches the 1008. |
| XXXX | 1030349 | Property Type | Single Family - Detached | Single Family - Attached | The appraisal confirms the subject is an attached Townhome. |
| XXXX | 1030349 | Investor DTI (DSCR Ratio) | 1 | 1.00216 | Tape value is rounded. |
| XXXX | 1030504 | Property Type | Unspecified | Two Family | The appraisal confirms the subject property is a two unit duplex. |
| XXXX | 1030504 | Escrow Impounds? | No | Yes | The final CD confirms the flood insurance is escrowed. |
| XXXX | 1030504 | Representative Credit Score | 728 | 755 | Per guidelines, The highest representative score from all borrowers with 25% or more <br>|
| XXXX | 1030504 | Investor DTI (DSCR Ratio) | 1.17000 | 1.17067 | Tape value is rounded. DSCR calculated using Market Rent $3,700/$3,160.57 PITIA. |
| XXXX | 1029053 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1029453 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm expanded program. Source of Tape Value is unknown. |
| XXXX | 1029453 | Total Debt to Income Ratio | 20.16% | 20.02% | Variance < 3% is non-material. |
| XXXX | 1029533 | Loan Type | Conventional | Non-QM | Loan Type Non-QM verified per lender guidelines.<br>|
| XXXX | 1029533 | Total Debt to Income Ratio | 42.00% | 44.83% | Tape source unknown. Approved DTI per the 1008 44.82%. Review DTI 44.83%. Variance is non-material. |
| XXXX | 1029533 | Representative Credit Score | 814 | 819 | Credit Scores verified per Credit Report. Tape source unknown. |
| XXXX | 1029533 | Appraised Value | XXXX | XXXX | Appraised Value verified per Appraisal. |
| XXXX | 1029587 | Property Type | Single Family - Detached | PUD - Detached | Property Type verified per Appraisal. |
| XXXX | 1029587 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM, DSCR. |
| XXXX | 1029587 | Original Loan to Value | XXXX | XXXX | Variance appears to be due to rounding. |
| XXXX | 1029587 | Original Combined Loan to Value | XXXX | XXXX | Variance appears to be due to rounding. |
| XXXX | 1029641 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029641 | Total Debt to Income Ratio | 44.22% | 45.52% | Non-material variance less than 2% |
| XXXX | 1029783 | Loan Type | Conventional | Non-QM | Loan Type Non-QM verified per lender guidelines. |
| XXXX | 1029783 | Representative Credit Score | 735 | 740 | Tape source unknown. Credit Scores verified per Credit Report pg 47. |
| XXXX | 1029783 | Investor DTI (DSCR Ratio) | 1.26178 | 1.28253 | Tape and lender DSCR per loan approval 1.26. Review calculated DSCR is 1.28. Variance is non-material. |
| XXXX | 1030144 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm bank statement program. |
| XXXX | 1030144 | Original Note Balance | XXXX | XXXX | Tape source unknown. Review Value captured per the Note. |
| XXXX | 1030144 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Tape source unknown. Loan purpose verified per loan approval and final CD. Guidelines allow up to $5,000 cash to borrower at closing. |
| XXXX | 1030144 | Original Loan to Value | XXXX | XXXX | Review Value matches to the loan approval. Tape source unknown. |
| XXXX | 1030144 | Original Combined Loan to Value | XXXX | XXXX | Review Value matches to the loan approval. Tape source unknown. |
| XXXX | 1030144 | Total Debt to Income Ratio | 39.00% | 38.73% | Tape source unknown. Approved DTI 38.73%, no variance. |
| XXXX | 1030148 | Loan Type | Conventional | Non-QM | Loan was approved under non-qm bank statement program. |
| XXXX | 1030148 | Total Debt to Income Ratio | 46.76% | 46.98% | Tape source unknown. Approved DTI 47.27%, variance < 3% is non-material. |
| XXXX | 1030206 | Loan Type | Conventional | Non-QM | Loan Type Non-QM verified per lender guidelines. |
| XXXX | 1030206 | Investor DTI (DSCR Ratio) | 1.24660 | 0.93625 | Tape source unknown. Lender DSCR per loan approval is .94. Review calculated DSCR .94 with no variance. |
| XXXX | 1030222 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm bank statement program. |
| XXXX | 1030222 | Total Debt to Income Ratio | 34.23% | 33.92% | Tape source unknown. Approved DTI 33.92%, no variance. |
| XXXX | 1030310 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm bank statement program. |
| XXXX | 1030310 | Total Debt to Income Ratio | 24.93% | 24.81% | Variance < 3% is non-material. |
| XXXX | 1030314 | Loan Type | Conventional | Non-QM | Loan Type is Non-QM verified per lender guidelines. |
| XXXX | 1030350 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1030350 | Sales Price | XXXX | XXXX | Tape is appraised value. Review value is sales price verified per sales agreement. |
| XXXX | 1030350 | Escrow Impounds? | Yes | No | Loan is not escrowed. Tape source unknown. |
| XXXX | 1030350 | Total Debt to Income Ratio | 43.00% | 47.33% | Tape source unknown. Approved DTI per the 1008 47.78%. Review DTI 47.33%. Variance is non-material. |
| XXXX | 1030384 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm bank statement program. |
| XXXX | 1030384 | Total Debt to Income Ratio | 43.30% | 47.72% | Tape source unknown. Approved DTI per the 1008 47.84%, variance < 3% is non-material. |
| XXXX | 1031265 | Loan Type | Conventional | Non-QM | Loan was approved under the DU NQM program. |
| XXXX | 1031265 | Total Debt to Income Ratio | 49.28% | 48.48% | Approved DTI 49.155%, variance < 3% is non-material. |
| XXXX | 1029446 | Property Type | Single Family - Detached | PUD - Detached | Property Type verified per Appraisal. |
| XXXX | 1029446 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1029446 | Original Note Balance | XXXX | XXXX | Original Note Balance verified per Note. |
| XXXX | 1029446 | Original Loan to Value | XXXX | XXXX | Source of tape is unknown, Review LTV/CLTV matches lender 1008. |
| XXXX | 1029446 | Original Combined Loan to Value | XXXX | XXXX | Source of tape is unknown, Review LTV/CLTV matches lender 1008. |
| XXXX | 1029446 | Investor DTI (DSCR Ratio) | 1.03738 | 1.00153 | DSCR calculated using the market rent $2,800/$2,795.70 total PITIA. |
| XXXX | 1029738 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029738 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Rate and Term refinance per loan approval and final CD where borrower had to bring funds to closing. Tape source unknown. |
| XXXX | 1029738 | Total Debt to Income Ratio | 47.10% | 42.12% | Tape source unknown. Approved DTI per the 1008 42.118%. Review DTI 42.12%, no material variance. |
| XXXX | 1029738 | Representative Credit Score | 725 | 735 | Tape source unknown. B1 (primary wage earner) scores are 712/735/745, B2 scores 752/79/825. |
| XXXX | 1030984 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1030984 | Escrow Impounds? | No | Yes | Escrow impounds verified per Final CD and Initial Escrow Disclosure |
| XXXX | 1030984 | Total Debt to Income Ratio | 37.57% | 40.85% | Tape source is unknown. The approved DTI 41.014%, variance < 3% is non-material. |
| XXXX | 1030984 | Representative Credit Score | 769 | 806 | Tape value reflects the lowest mid score among the borrowers. Review value reflects the mid score of the primary wage earner, which is the representative credit score per guidelines. |
| XXXX | 1030984 | U/W Doc Type | Full | Asset Utilization | Borrower used asset amortization is qualifying. |
| XXXX | 1028094 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1028094 | Total Debt to Income Ratio | 8.16% | 34.27% | Tape source unknown. Approved DTI per the 1008 34.27%. Review DTI 34.27% with no variance. |
| XXXX | 1028094 | Representative Credit Score | 740 | 743 | Tape source unknown. Credit Score is borrower mid score verified per Credit Report pg 95 742/743/755.<br>|
| XXXX | 1028094 | Appraised Value | XXXX | XXXX | Appraised Value verified per Appraisal pg 179. Tape value appears to reflect the lower sales price. |
| XXXX | 1029788 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program.<br>|
| XXXX | 1029788 | Investor DTI (DSCR Ratio) | 1.02042 | 1.08124 | Tape source unknown. The approval reflects the DSCR 1.08, no variance. |
| XXXX | 1030527 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR loan. |
| XXXX | 1030527 | Original Note Balance | XXXX | XXXX | Original Note Balance verified per Note. |
| XXXX | 1030527 | Sales Price | XXXX | XXXX | The final sales price XXXX per the last addendum p798. This figure matches the final settlement statement and CD. |
| XXXX | 1030527 | Original Loan to Value | XXXX | XXXX | Tape source unknown. The approval and 1008 reflect LTV is XXXX (p1136/1448). |
| XXXX | 1030527 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. The approval and 1008 reflect LTV is XXXX (p1136/1448). |
| XXXX | 1030527 | Total Debt to Income Ratio | 10.00% | 0.00% | Tape source unknown. Loan closed utilizing DSCR, no DTI calculated. |
| XXXX | 1030527 | Investor DTI (DSCR Ratio) | 0.92000 | 0.94311 | Tape source unknown. DSCR calc reflects .94% which matches review calculation. |
| XXXX | 1031128 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1031128 | Escrow Impounds? | Yes | No | Tape source unknown. Loan is not escrowed and verified per escrow waiver. |
| XXXX | 1031128 | Total Debt to Income Ratio | 38.77% | 38.85% | Variance < 3% is non-material. |
| XXXX | 1028048 | Loan Type | Conventional | Non-QM | Loan was approved under the Non-QM Expanded program.<br>|
| XXXX | 1028048 | Investor DTI (DSCR Ratio) | 1.01000 | 1.05130 | Variance is non-material. |
| XXXX | 1028951 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1028951 | Original Note Balance | XXXX | XXXX | Original Note Balance verified per Note pg 295. Tape source unknown. |
| XXXX | 1028951 | Original Interest Rate | 6.8750% | 7.3750% | Original Interest Rate verified per Note pg 295. Tape source unknown. |
| XXXX | 1028951 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan amount and sales price. 1008/Approval reflect XXXX(p15/47) |
| XXXX | 1028951 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan amount and sales price. 1008/Approval reflect XXXX (p15/47) |
| XXXX | 1028951 | Appraised Value | XXXX | XXXX | Appraised Value verified per Appraisal pg 576; Tape Value is Sales Price. |
| XXXX | 1028951 | Investor DTI (DSCR Ratio) | 1.10940 | 0.90673 | Tape source unknown. DSCR per loan approval is .91. Review calculated DSCR is .91 with no variance. |
| XXXX | 1029656 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal, property type is PUD - Detached. |
| XXXX | 1029656 | Loan Type | Conventional | Non-QM | Loan was approved under the Non-QM Expanded program. |
| XXXX | 1029656 | Total Debt to Income Ratio | 37.90% | 35.99% | Tape source unknown. Approved DTI 36.51%, variance < 3% is non-material. |
| XXXX | 1029899 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029899 | Investor DTI (DSCR Ratio) | 1.10378 | 1.10377 | Tape and loan approval DSCR is 1.10. Review calculated DSCR is 1.10 with no variance.<br>|
| XXXX | 1030060 | Loan Type | Conventional | Non-QM | Loan was approved under the Non-QM DSCR loan program. |
| XXXX | 1030060 | Original Loan to Value | XXXX | XXXX | Review Value matches to the loan approval. Source of Tape Value is unknown. |
| XXXX | 1030060 | Original Combined Loan to Value | XXXX | XXXX | Review Value matches to the loan approval. Source of Tape Value is unknown. |
| XXXX | 1030060 | Appraised Value | XXXX | XXXX | Review Value is the appraisal value. Source of Tape Value is unknown. |
| XXXX | 1030237 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1030237 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan value and appraised value. Per Approval and 1008 (p173/161) LTV is XXXX. |
| XXXX | 1030237 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. CLTV calculated on loan value and appraised value. Per Approval and 1008 (p173/161) LTV is XXXX |
| XXXX | 1030237 | Appraised Value | XXXX | XXXX | Appraised Value verified per Appraisal pg 49; source of Tape Value is initial estimated value (p4) |
| XXXX | 1030237 | Investor DTI (DSCR Ratio) | 1.28228 | 1.49064 | Tape source unknown. Lender DSCR per loan approval is 1.49. Review calculated DSCR of 1.49 with no variance. |
| XXXX | 1030330 | Loan Type | Conventional | Non-QM | Loan was approved under the Non-QM DSCR loan program. |
| XXXX | 1030944 | Property Type | Unspecified | Four Family | Property Type verified per Appraisal pg 611. |
| XXXX | 1030944 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1030944 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan Type verified per 1008 pg 14 and Loan Approval pg 42. |
| XXXX | 1030944 | Investor DTI (DSCR Ratio) | 1.58540 | 1.61500 | Tape source unknown. Lender DSCR per loan approval is 1.62. Review calculated DSCR of 1.62 with no variance. |
| XXXX | 1029186 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029186 | Original Note Balance | XXXX | XXXX | Tape source unknown. Note balance verified per note. |
| XXXX | 1029186 | Appraised Value | XXXX | XXXX | Tape source unknown. Review Value verified per appraisal. |
| XXXX | 1029186 | Investor DTI (DSCR Ratio) | 1.08211 | 1.02549 | Tape source unknown. Lender DSCR per loan approval is 1.03, non-material variance is due to rounding. |
| XXXX | 1029295 | Property Type | Single Family - Detached | PUD - Detached | Appraisal is marked PUD. |
| XXXX | 1029295 | Loan Type | Conventional | Non-QM | Loan is Non-QM. |
| XXXX | 1029295 | Escrow Impounds? | No | Yes | CD shows escrowing. |
| XXXX | 1029295 | Total Debt to Income Ratio | 43.96% | 43.44% | Non-material variance less than 1% |
| XXXX | 1029373 | Property Type | Single Family - Detached | PUD - Attached | Pud-Att property type verified per appraisal. |
| XXXX | 1029373 | Loan Type | Conventional | Non-QM | Non-QM loan type verified by lender guidelines.<br>|
| XXXX | 1029373 | Representative Credit Score | 701 | 720 | Tape source unknown. Review score verified per credit report. |
| XXXX | 1029373 | Appraised Value | XXXX | XXXX | Tape is sales price. Appraised value verified per appraisal. |
| XXXX | 1029373 | Investor DTI (DSCR Ratio) | 1.02937 | 1.04784 | Tape source unknown. Lender DSCR per loan approval 1.05. Review unconfirmed DSCR 1.05. Final review pending - unable to calculated DSCR due to missing 1007 Rent schedule. |
| XXXX | 1029602 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm asset utilization program. |
| XXXX | 1029602 | Total Debt to Income Ratio | 42.61% | 44.38% | Tape source unknown. Approved DTI 43.658%, variance < 3% is non-material. |
| XXXX | 1030258 | Loan Type | Conventional | Non-QM | Non-QM loan type verified by lender guidelines.<br>|
| XXXX | 1030258 | Investor DTI (DSCR Ratio) | 1.01634 | 0.99500 | Tape and lender loan approval DSCR is 1.02. Review calculated DSCR of 0.99, variance is due to amount of the property taxes used to qualify. |
| XXXX | 1030444 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1030444 | Escrow Impounds? | Yes | No | Loan is not escrowed as verified per final CD and Escrow Waiver. |
| XXXX | 1030444 | Investor DTI (DSCR Ratio) | 0.97200 | 0.91302 | Tape source unknown. Lender DSCR per worksheet is .913, no variance. |
| XXXX | 1030977 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm bank statement loan program. |
| XXXX | 1030977 | Amortization Type | Fixed Rate | Fixed (IO) | Review Value captured as reflected in the Note. Source of Tape Value is unknown. |
| XXXX | 1030977 | Total Debt to Income Ratio | 47.89% | 48.47% | Approved DTI 47.811%, variance < 3% is non-material. |
| XXXX | 1031072 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm Edge program. |
| XXXX | 1031072 | Amortization Type | Fixed Rate | Fixed (IO) | The note provides a 10 year IO period. Source of Tape Value is unknown. |
| XXXX | 1031072 | Escrow Impounds? | Yes | No | Not escrowing per the CD. Escrow waiver in file. Source of Tape Value is unknown. |
| XXXX | 1031072 | Total Debt to Income Ratio | 22.26% | 23.77% | Variance < 3% is non-material. |
| XXXX | 1031072 | Amortized Original Term | 360 | 240 | The note provides a 10 year IO period. Source of Tape Value is unknown. |
| XXXX | 1028050 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1028050 | Total Debt to Income Ratio | 38.00% | 38.49% | Non-material variance less than 1% |
| XXXX | 1028050 | Appraised Value | XXXX | XXXX | Per the appraisal the value is XXXX The tape value reflects the sales price. |
| XXXX | 1029072 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029072 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan value and appraised value. |
| XXXX | 1029072 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on loan value and appraised value. |
| XXXX | 1029072 | Representative Credit Score | 787 | 782 | Credit Scores verified per Credit Report. Tape source unknown |
| XXXX | 1029072 | Appraised Value | XXXX | XXXX | Appraised Value verified per Appraisal pg 375. |
| XXXX | 1029072 | Investor DTI (DSCR Ratio) | 1.00000 | 1.07782 | Tape source unknown. Lender DSCR per worksheet is 1.07. Review calculated DSCR of 1.07 with no variance. |
| XXXX | 1029283 | Property Type | Single Family - Detached | PUD - Detached | Property Type verified per Appraisal. |
| XXXX | 1029283 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM DSCR. |
| XXXX | 1029283 | Original Note Balance | XXXX | XXXX | Note Balance verified per Note. |
| XXXX | 1029283 | Original Interest Rate | 6.7500% | 6.5000% | Interest Rate verified per Note. |
| XXXX | 1029283 | Original Loan to Value | XXXX | XXXX | The LTV/CLTV is calculated using the loan amount and sales price. Source of Tape Value is unknown. |
| XXXX | 1029283 | Original Combined Loan to Value | XXXX | XXXX | The LTV/CLTV is calculated using the loan amount and sales price. Source of Tape Value is unknown. |
| XXXX | 1029283 | Appraised Value | XXXX | XXXX | Tape Value is the sales price. Review Value is the appraisal value. |
| XXXX | 1029283 | Investor DTI (DSCR Ratio) | 1.02519 | 1.00135 | Variance is non-material. |
| XXXX | 1029864 | Property Type | Single Family - Detached | Condo | The appraisal confirms the property is a low rise condo. |
| XXXX | 1029864 | Loan Type | Conventional | Non-QM | Loan verified as Non-QM, DSCR. |
| XXXX | 1029866 | Property Type | Unspecified | Three Family | Three family property verified per appraisal. |
| XXXX | 1029866 | Total Debt to Income Ratio | 9.00% | 38.68% | Tape source unknown. Approved DTI per the 1008 38.66%. Review DTI 38.68%. Variance is non-material. |
| XXXX | 1029866 | Representative Credit Score | 760 | 771 | Tape source unknown. Review score verified per credit report mid score. |
| XXXX | 1030186 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1030186 | Total Debt to Income Ratio | 41.62% | 44.91% | Tape value source unknown, DTI per the Approval is 44.909%. Review DTI 44.91%. Slight variance is due to rounding. |
| XXXX | 1030363 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1030525 | Original Note Balance | XXXX | XXXX | Original Note Balance of verified per Note. |
| XXXX | 1030525 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan value and appraised value. |
| XXXX | 1030525 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on loan value and appraised value. |
| XXXX | 1030525 | Total Debt to Income Ratio | 43.97% | 44.26% | Tape source unknown. Approved DTI 44.26%, no variance. |
| XXXX | 1030525 | U/W Doc Type | 24-mo Bank Statement-Business | 12-mo Bank Statement-Business | Tape source unknown. UW Doc Type is 12-mo Bank Statement Business per loan approval and docs in file. |
| XXXX | 1031162 | Investor DTI (DSCR Ratio) | 1.02201 | 1.02200 | Tape value is rounded. |
| XXXX | 1028066 | Original Note Balance | XXXX | XXXX | The note confirms the loan amount is XXXX Tape value appears to be from the initial application (p285). |
| XXXX | 1028066 | Appraised Value | XXXX | XXXX | The appraisal reflects a value of XXXX Tape value appears to be the estimated value from the initial application (p285). |
| XXXX | 1028066 | Investor DTI (DSCR Ratio) | 1.24747 | 1.03490 | Tape source unknown. The Approval reflects DSCR 1.03 (p25). The DSCR is calculated using the lesser of the lease amount of $1,050/$1,014.59 |
| XXXX | 1028761 | Loan Type | Conventional | Non-QM | Loan is Non-QM |
| XXXX | 1028761 | Total Debt to Income Ratio | 27.85% | 28.40% | Non-material variance less than 1% |
| XXXX | 1028761 | Appraised Value | XXXX | XXXX | The PP of XXXX was used for the LTV as it is lesser than the appraised value of XXX |
| XXXX | 1029032 | Loan Type | Conventional | Non-QM | Non-QM loan type verified by lender guidelines. |
| XXXX | 1029032 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Subject is a Rate and Term Refinance verified per 1008, loan approval, lock, and final CD. |
| XXXX | 1029032 | Investor DTI (DSCR Ratio) | 1.40000 | 1.23711 | Tape source unknown. Lender DSCR per worksheet is 1.24. Review calculated DSCR of 1.24 with no variance. |
| XXXX | 1029469 | Property Type | Single Family - Detached | PUD - Detached | Property Type verified as Detached PUD per appraisal. |
| XXXX | 1029469 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1029469 | Total Debt to Income Ratio | 37.96% | 37.89% | Tape source unknown. Approved DTI per the 1008 37.97%. Review DTI 37.89%. Variance is non-material |
| XXXX | 1029486 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1029486 | Investor DTI (DSCR Ratio) | 0.93000 | 0.92804 | Non-material variance is due to rounding. |
| XXXX | 1029519 | Original Note Balance | XXXX | XXXX | Source of tape data is unknown. Loan amount of XXXX per Note was never changed during application period through to transaction date. |
| XXXX | 1029519 | Sales Price | XXXX | XXXX | Initial Sales Price of XXXX was lowered to XXXX on XX/XX/XXXX, prior to loan application. |
| XXXX | 1029519 | Total Debt to Income Ratio | 33.74% | 33.67% | Tape and approved DTI per the 1008 33.74%. Review DTI 33.67%. Variance is non-material. <br>|
| XXXX | 1029519 | Appraised Value | XXXX | XXXX | Appraisal Value is XXXX Sales Price of XXXX was lowered to XXX on XX/XX/XXXX |
| XXXX | 1029823 | Property Type | Single Family - Detached | PUD - Detached | PUD Detached property verified per appraisal. |
| XXXX | 1029823 | Appraised Value | XXXX | XXXX | Review Value captured from the appraisal. Source of tape is CDA value. |
| XXXX | 1029825 | Property Type | Single Family - Detached | PUD - Attached | Property Type verified as Townhouse per Appraisal. |
| XXXX | 1029825 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029825 | Total Debt to Income Ratio | 41.64% | 41.62% | Variance < 3% is non-material. |
| XXXX | 1029825 | U/W Doc Type | Full | Full/Alternate | Review considered Full/Alt as less than 2 yrs income docs required. |
| XXXX | 1029949 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029949 | Total Debt to Income Ratio | 22.54% | 30.60% | Tape source unknown. Approved DTI per the 1008 30.60%. |
| XXXX | 1029949 | Appraised Value | XXXX | XXXX | Appraised Value is XXXX Sales Price is XXXX |
| XXXX | 1030405 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1030405 | Total Debt to Income Ratio | 27.42% | 27.41% | Non-material variance is due to rounding. |
| XXXX | 1030471 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1030471 | Investor DTI (DSCR Ratio) | 1.15100 | 1.15179 | Tape and lender approved DSCR is 1.151. Review calculated DSCR of 1.151 with no variance. |
| XXXX | 1031153 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1031159 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1031179 | Loan Type | Conventional | Non-QM | Per IB review the Loan Type is Non-QM |
| XXXX | 1031179 | Total Debt to Income Ratio | 2.78% | 3.27% | Variance is < 3%, non-material. |
| XXXX | 1029777 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal and Mortgage, property type is PUD - Detached. |
| XXXX | 1029777 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm loan program. |
| XXXX | 1029777 | Total Debt to Income Ratio | 18.20% | 10.47% | Variance > 3% due to mortgage on the departing residence being double counted. |
| XXXX | 1030044 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1030044 | Total Debt to Income Ratio | 45.03% | 41.38% | Variance > 3% due to net income from the rental property not being aggregated with the other rental property. |
| XXXX | 1030534 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. Source of Tape Value is unknown. |
| XXXX | 1031051 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1031051 | Total Debt to Income Ratio | 48.37% | 48.84% | Tape source unknown. Approved DTI per the 1008 49.17%. Variance is non-material. |
| XXXX | 1031142 | Property Type | PUD - Detached | PUD - Attached | Per the appraisal the Property Type is PUD-Attached. Source of Tape Value is unknown. |
| XXXX | 1031142 | Loan Type | Conventional | Non-QM | Per the approval and guidelines the Loan Type is Non-QM |
| XXXX | 1031142 | Investor DTI (DSCR Ratio) | 0.52975 | 0.37136 | Lender approved DSCR at .53, reviewed DSCR calculated at .37. Variance was rental income used to qualify. |
| XXXX | 1029933 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029933 | Investor DTI (DSCR Ratio) | 1.03855 | 1.01964 | Source tape unknown, Lender approved DSCR 1.02. Reviewed DSCR 1.02. Difference due to rounding. |
| XXXX | 1030320 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1030442 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1030442 | Total Debt to Income Ratio | 34.97% | 33.57% | Tape source is unknown. The 1008 reflects DTI of 33.556% which is within 1% of review DTI, 33.57%. |
| XXXX | 1031068 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1031068 | Total Debt to Income Ratio | 47.55% | 47.67% | Non-material variance less than 1% |
| XXXX | 1031068 | Representative Credit Score | 767 | 784 | Tape source unknown. Credit scores are 775/784/796 and 783/795/822. |
| XXXX | 1031157 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1031157 | Total Debt to Income Ratio | 47.67% | 47.66% | Tape value is rounded. |
| XXXX | 1029357 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029357 | Sales Price | XXXX | XXXX | Sales price verified per final CD. |
| XXXX | 1029357 | Investor DTI (DSCR Ratio) | 1.15500 | 1.15524 | Tape and lender DSCR 1.16. Review calculated DSCR of 1.16. |
| XXXX | 1029552 | Property Type | Single Family - Detached | PUD - Detached | Property Type verified per Appraisal. |
| XXXX | 1029256 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1029256 | Loan Purpose | Rate and Term Refinance | Cash Out Refinance | Loan Purpose is verified as Cash - Out Refinance per 1008 and final CD. |
| XXXX | 1030395 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1030430 | Loan Purpose | Rate and Term Refinance | Cash Out Refinance | Loan was approved as cash out refinance with cash to borrower received at closing. |
| XXXX | 1031181 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1031181 | Loan Purpose | Rate and Term Refinance | Cash Out Refinance | Loan Purpose of Cash Out Refinance verified per 1008 and final CD. |
| XXXX | 1031441 | Total Debt to Income Ratio | 40.39% | 39.75% | Tape source unknown, DTI per the 1008 and approval (p1, 3) is 39.75%. |
| XXXX | 1031441 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | 12 mths personal bank statement treated as business. |
| XXXX | 1028539 | Loan Type | Conventional | Non-QM | Non-QM loan type verified by lender guidelines. |
| XXXX | 1028539 | Investor DTI (DSCR Ratio) | 1.05000 | 1.05139 | Tape and lender approved DSCR per 1008 is 1.05. Review calculated DSCR of 1.05. |
| XXXX | 1029876 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029876 | Total Debt to Income Ratio | 15.14% | 14.90% | Tape source unknown. Approved DTI 14.897%, non-material variance due to rounding. |
| XXXX | 1029876 | Appraised Value | XXXX | XXXX | Tape is sales price. Appraised value per appraisal. |
| XXXX | 1029594 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1029594 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Rate and Term loan purpose verified per loan approval and final CD. |
| XXXX | 1029594 | Total Debt to Income Ratio | 46.77% | 47.78% | Variance < 3% is non-material.<br>|
| XXXX | 1031079 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1031079 | Total Debt to Income Ratio | 4.95% | 5.01% | Variance < 3% is non-material. |
| XXXX | 1031191 | Total Debt to Income Ratio | 33.85% | 31.76% | Approved DTI 32.68%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1030096 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program.<br>|
| XXXX | 1031111 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1031111 | Investor DTI (DSCR Ratio) | 1.19300 | 1.17470 | Approved DSCR 1.17, no variance. Source of Tape Value is unknown. |
| XXXX | 1031358 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan proceeds were used to payoff a seasoned first lien that was used to acquire the property with cash due from borrower at closing. Source of Tape Value is unknown. |
| XXXX | 1031358 | Total Debt to Income Ratio | 49.00% | 49.48% | Variance < 3% is non-material (Max 50%). |
| XXXX | 1031399 | Loan Type | Conventional | Non-QM | Non-QM loan type verified per lender guidelines. |
| XXXX | 1031399 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan Purpose of Cash Out Refinance verified per CD and Loan Commitment. |
| XXXX | 1031399 | Escrow Impounds? | No | Yes | Tape source unknown. Loan is escrowed for Flood Insurance per escrow disclosure. |
| XXXX | 1031399 | Total Debt to Income Ratio | 39.01% | 39.77% | Tape source unknown. Approved DTI per the 1008 39.06%. Review DTI 39.77%. Variance is non-material. <br>|
| XXXX | 1031399 | U/W Doc Type | Full | Full/Alternate | The borrower qualified using 1 year of tax returns for self employment income. |
| XXXX | 1030074 | Property Type | PUD - Detached | Single Family - Detached | Property Type verified as Single Family - Detached per Appraisal. |
| XXXX | 1030074 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1030074 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan value and appraised value. |
| XXXX | 1030074 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on loan value and appraised value. |
| XXXX | 1030074 | Total Debt to Income Ratio | 29.08% | 27.77% | Tape source unknown. Approved DTI per the 1008 27.51%. Review DTI 27.77%. Variance is non-material. |
| XXXX | 1030074 | Appraised Value | XXXX | XXXX | Tape source unknown. Appraised value verified per appraisal. |
| XXXX | 1029299 | Total Debt to Income Ratio | 48.80% | 49.26% | Non-material variance less than 1% |
| XXXX | 1029299 | Representative Credit Score | 804 | 801 | Tape value is the highest score, review value reflects the lower 2 scores 801. |
| XXXX | 1029570 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1029570 | Original Note Balance | XXXX | XXXX | Per Note, loan amount is XXXX. Initial amount applied for was XXXX |
| XXXX | 1029570 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan value and appraised value. |
| XXXX | 1029570 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on loan value and appraised value. |
| XXXX | 1029570 | Total Debt to Income Ratio | 12.85% | 13.59% | Tape source unknown. Approved DTI per the 1008 13.59%. Review DTI 13.59% with no variance. |
| XXXX | 1029570 | Appraised Value | XXXX | XXXX | Tape source unknown. Appraised value verified per appraisal. |
| XXXX | 1030169 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1030169 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Source of Tape Value is unknown. Loan was approved as a rate/term refinance; mortgage used to acquire the property was paid with loan proceeds and < $5000 cash to borrower. |
| XXXX | 1031568 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm loan program. |
| XXXX | 1031568 | Total Debt to Income Ratio | 32.84% | 31.83% | Tape source unknown. Approved DTI per loan approval 33.28%, variance < 3% is non-material. |
| XXXX | 1032029 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1032029 | Total Debt to Income Ratio | 36.83% | 33.47% | Tape source unknown. Approved DTI 31.258%, variance < 3% is non-material. |
| XXXX | 1030385 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal property type is PUD - Detached. Source of Tape Value is unknown. |
| XXXX | 1030385 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1030385 | Investor DTI (DSCR Ratio) | 1.17000 | 1.16963 | Non-material variance is due to rounding. |
| XXXX | 1030491 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1030491 | Appraised Value | XXXX | XXXX | Tape value is sales price. Review appraised value. |
| XXXX | 1030957 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1030957 | Total Debt to Income Ratio | 46.01% | 34.83% | Lender approval DTI 34.771% review DTI 34.83, variance < 3% is none material. |
| XXXX | 1031001 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1031001 | Investor DTI (DSCR Ratio) | 1.21800 | 1.21798 | Non-material variance is due to rounding. |
| XXXX | 1031042 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm loan program. |
| XXXX | 1031042 | Total Debt to Income Ratio | 43.78% | 43.77% | Variance < 3% is non-material. |
| XXXX | 1031096 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1031096 | Investor DTI (DSCR Ratio) | 1.19200 | 1.20744 | Non-material variance is due to rounding. |
| XXXX | 1031135 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm bank statement program. |
| XXXX | 1031135 | Total Debt to Income Ratio | 38.41% | 29.85% | Approved DTI 30.324%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1031259 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. Source of Tape Value is unknown. |
| XXXX | 1031259 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Unknown source of tape. Rate and term per loan approval, title, and final CD. |
| XXXX | 1031269 | Property Type | Single Family - Detached | PUD - Detached | Unknown source of tape. Detached PUD per appraisal. |
| XXXX | 1031269 | Investor DTI (DSCR Ratio) | 1.07000 | 1.06358 | Tape source unknown. Lender approved DSCR of 1.08, per worksheet. Review calculated DSCR of 1.06358 due to using higher taxes from the tax information sheet. |
| XXXX | 1031272 | Loan Type | Conventional | Non-QM | Non-QM loan type verified by lender guidelines.<br>|
| XXXX | 1031272 | Total Debt to Income Ratio | 26.56% | 26.69% | Tape and approved DTI per the 1008 26.56%. Review DTI 26.69%. Variance is non-material. |
| XXXX | 1030013 | Loan Type | Conventional | Non-QM | Per loan approval, pg. 620. |
| XXXX | 1030013 | Original Note Balance | XXXX | XXXX | Per the Note the balance is XXXX Tape source appears to be the loan amount from the initial application. |
| XXXX | 1030013 | Original Loan to Value | XXXX | XXXX | Tape source unknown, approval and 1008 reflect XXXX. Loan amount of XXXX / value of $635,000 = XXXX. |
| XXXX | 1030013 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown, approval and 1008 reflect XXXX. Loan amount of XXXX / value of $635,000 = XXXX. |
| XXXX | 1030013 | Total Debt to Income Ratio | 29.88% | 28.11% | Non-material, review DTI is less than approved DTI |
| XXXX | 1030013 | Appraised Value | XXXX | XXXX | Per Appraisal the value is XXXX Tape value appears to reflect the sales price. |
| XXXX | 1031007 | Property Type | Single Family - Detached | Single Family - Attached | Per Appraisal, property is an attached unit row home. |
| XXXX | 1031007 | Loan Type | Conventional | Non-QM | Loan was approved under the non-qm DSCR loan program. |
| XXXX | 1031088 | Representative Credit Score | 749 | 756 | Source of tape unknown. Lower of middle score used for qualifying. (762, 773, 759), (746, 760, 756) |
| XXXX | 1032113 | Loan Type | Conventional | Non-QM | Loan was approved under the Non-QM DSCR loan program. |
| XXXX | 1032719 | Total Debt to Income Ratio | 32.53% | 32.56% | Variance < 3% is non-material. |
| XXXX | 1031101 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guideline. |
| XXXX | 1031101 | Total Debt to Income Ratio | 33.93% | 35.08% | Variance is less than 3%, non-material. Discrepancy is due to two revolving accounts excluded without support. |
| XXXX | 1031552 | Loan Type | Conventional | Non-QM | Non-QM loan type verified by lender guidelines. |
| XXXX | 1031552 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan purpose verified per loan approval and final CD. |
| XXXX | 1031552 | Investor DTI (DSCR Ratio) | 1.00596 | 1.00596 | Tape and lender approved DSCR per loan approval is 1.01. Review calculated DSCR of 1.01. |
| XXXX | 1032406 | Property Type | Single Family - Detached | Condo | Review Value captured from the title commitment and confirmed with appraisal. Source of Tape Value is unknown. |
| XXXX | 1032406 | Loan Type | Conventional | Non-QM | Loan was approved under the expanded loan program. |
| XXXX | 1032406 | Total Debt to Income Ratio | 31.91% | 33.66% | Variance < 3% is non-material. |
| XXXX | 1030982 | Investor DTI (DSCR Ratio) | 1.13000 | 1.14183 | Source of tape is unknown - Lender DSCR calculator reflects 1.14, no variance. |
| XXXX | 1031221 | Loan Type | Conventional | Non-QM | Documents submitted confirms Non-QM |
| XXXX | 1031221 | Investor DTI (DSCR Ratio) | 0.89700 | 0.89717 | Source of tap is unknown - Lender DSCR calculator reflects .897 which matches review. No variance |
| XXXX | 1031334 | Amortization Type | Fixed Rate | Fixed (IO) | Unknown source of tape data. Note reflects Fixed Interest Only for 120 months. |
| XXXX | 1031334 | Original Loan to Value | XXXX | XXXX | Non-material variance is due to rounding. |
| XXXX | 1031334 | Original Combined Loan to Value | XXXX | XXXX | Non-material variance is due to rounding. |
| XXXX | 1031334 | Total Debt to Income Ratio | 20.46% | 20.95% | Tape source unknown. Approved DTI 20.73%, variance < 3% is non-material. |
| XXXX | 1032211 | Loan Type | Conventional | Non-QM | Non-QM loan type verified by lender guidelines. |
| XXXX | 1032211 | Total Debt to Income Ratio | 12.00% | 13.37% | Tape source unknown. Approved DTI 13.398%, variance < 3% is non-material. |
| XXXX | 1030937 | Property Type | Unspecified | Condo | Appraisal confirms subject is condo |
| XXXX | 1030937 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Per approval documents and final CD, the transaction is a rate/term refinance. |
| XXXX | 1032153 | Property Type | Unspecified | Single Family - Detached | SF Property Type verified per Appraisal. |
| XXXX | 1032153 | Total Debt to Income Ratio | 26.74% | 27.62% | Tape source unknown. Approved DTI per the 1008 27.62. Review DTI 27.62% - no variance. |
| XXXX | 1031059 | Total Debt to Income Ratio | 18.94% | 18.74% | Source of Tape Value is unknown. Revised Approved DTI 17.154%, variance < 3% is non-material. |
| XXXX | 1032834 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM. |
| XXXX | 1032834 | Total Debt to Income Ratio | 53.00% | 53.73% | Variance < 3% is non-material. |
| XXXX | 1030301 | Property Type | Unspecified | Three Family | Three Family property type verified per appraisal. |
| XXXX | 1030301 | Loan Type | Conventional | Non-QM | Non-QM loan type verified by lender guidelines.<br>|
| XXXX | 1030301 | Total Debt to Income Ratio | 12.68% | 23.28% | Tape source unknown. Approved DTI per the 1008 33.69%. Review DTI 23.28%. Variance is non-material as review value is lower. Variance appears to be the lender using a bill for a different property when calculating property tax. Review used 1.25% of the purchase price. |
| XXXX | 1030268 | Representative Credit Score | 660 | 0 | Source of tape is unknown, No credit score - Foreign National with Alternative Credit. |
| XXXX | 1030268 | Investor DTI (DSCR Ratio) | 1.03000 | 1.04449 | Source of tape is unknown, Approved 1.039 per DSCR Wks. Review DSCR 1.044. Non-material variance. |
| XXXX | 1031580 | Loan Type | Conventional | Non-QM | Non-QM loan type verified by lender guidelines. |
| XXXX | 1031580 | Investor DTI (DSCR Ratio) | 1.08868 | 1.08867 | Tape and lender approved DSCR per loan approval is 1.09. Review calculated DSCR is 1.09. |
| XXXX | 1030297 | Original Loan to Value | XXXX | XXXX | Tape LTV/CLTV was based on stated value at the time of application. Review LTV/CLTV is based on verified appraised value supported by the appraisal and CDA. |
| XXXX | 1030297 | Original Combined Loan to Value | XXXX | XXXX | Tape LTV/CLTV was based on stated value at the time of application. Review LTV/CLTV is based on verified appraised value supported by the appraisal and CDA. |
| XXXX | 1030297 | Total Debt to Income Ratio | 44.59% | 49.36% | Updated UW Transmittal DTI 48.762%, variance < 3% (50% Max) |
| XXXX | 1030297 | Appraised Value | XXXX | XXXX | Review Value captured from the appraisal / CDA. Lender qualified the borrower based on the Tape Value. |
| XXXX | 1031035 | Property Type | Single Family - Detached | Single Family - Attached | Single Family Attached property verified per appraisal. |
| XXXX | 1032238 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Rate and Term refinance per 1008 and final CD with borrower bringing cash to close. |
| XXXX | 1032238 | Original Combined Loan to Value | XXXX | XXXX | Variance is non-material |
| XXXX | 1032238 | Total Debt to Income Ratio | 33.00% | 3.44% | Tape source unknown. Approved DTI per the 1008 3.489%. Review DTI 3.44%. Variance is non-material |
| XXXX | 1032450 | Loan Type | Conventional | Non-QM | Loan was approved under the Non-QM DSCR loan program. |
| XXXX | 1032527 | Loan Type | Conventional | Non-QM | The loan was approved under the NonQM DSCR loan program. |
| XXXX | 1032527 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan was approved as rate/term refinance with a judgement < $5k paid at closing. |
| XXXX | 1031147 | Amortization Type | Fixed Rate | Fixed (IO) | The note confirms the rate is Fixed interest only. |
| XXXX | 1031147 | Original Note Balance | XXXX | XXXX | Review Value captured from the Note. Source of Tape Value is unknown. |
| XXXX | 1031147 | Original Interest Rate | 6.2500% | 6.3750% | Review Value captured from the Note. Source of Tape Value is unknown. |
| XXXX | 1031147 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan proceeds were used to payoff existing first lien with borrower bringing cash to close. |
| XXXX | 1031147 | Escrow Impounds? | Yes | No | The final CD confirms escrow impounds were not collected. |
| XXXX | 1031147 | Original Loan to Value | XXXX | XXXX | Tape source unknown, per the approval the LTV is XXXX. |
| XXXX | 1031147 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown, per the approval the LTV is XXXX. |
| XXXX | 1031350 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan was approved as a rate/term refinance; cash proceeds were used to payoff a seasoned first lien with < $2K cash to borrower. |
| XXXX | 1031350 | Total Debt to Income Ratio | 49.50% | 48.61% | Variance < 35 is non-material (50% Max) |
| XXXX | 1032118 | Total Debt to Income Ratio | 49.36% | 43.23% | Variance > 3% due to lender double counting the escrowed property taxes. |
| XXXX | 1032591 | Total Debt to Income Ratio | 17.83% | 20.45% | Tape source unknown. Approval DTI is 19.064%, variance < 3% is non-material. |
| XXXX | 1032591 | Appraised Value | XXXX | XXXX | Tape Value is the purchase price. Review Value is the appraisal value. |
| XXXX | 1028302 | Total Debt to Income Ratio | 32.01% | 44.73% | Updated UW Transmittal DTI 46.121%, variance < 3% is non-material. |
| XXXX | 1028302 | U/W Doc Type | 12-mo Bank Statement-Business | 24-mo Bank Statement-Business | Tape source unknown. U/W doc type verified per approval certificate and file documentation. |
| XXXX | 1028306 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal property is a PUD - Detached. |
| XXXX | 1028306 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan value and sales price. |
| XXXX | 1028306 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on loan value and sales price. |
| XXXX | 1028306 | Total Debt to Income Ratio | 34.37% | 33.33% | Tape source unknown. Approved DTI per the 1008 33.90%. Non-material variance. |
| XXXX | 1028311 | Loan Type | Conventional | Non-QM | Loan type verified as Non-QM per guidelines. |
| XXXX | 1028311 | Total Debt to Income Ratio | 44.84% | 44.48% | Tape and approved DTI per the 1008 44.84%. Review DTI 48.54%. Variance is due to missing proof of rental income on departing primary. |
| XXXX | 1028913 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal property type is PUD - Detached. |
| XXXX | 1028913 | Total Debt to Income Ratio | 44.07% | 44.55% | Variance < 3% is non-material. |
| XXXX | 1028913 | Representative Credit Score | 743 | 724 | Tape source highest score. Review is mid score of primary wage earner in accordance with guideline. |
| XXXX | 1028913 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | Source of tape is unknown. Approval and documentation in file verify Personal bank statements. |
| XXXX | 1030026 | Total Debt to Income Ratio | 44.24% | 41.57% | Tape source unknown. Approved DTI 41.65%, variance < 3% is non-material. |
| XXXX | 1032699 | Property Type | Unspecified | Three Family | Property type verified per appraisal. |
| XXXX | 1032699 | Total Debt to Income Ratio | 49.92% | 49.24% | Non-Material variance. |
| XXXX | 1031342 | Original Loan to Value | XXXX | XXXX | Review Value calculated using the sales price. Tape Value is based on the appraisal value. |
| XXXX | 1031342 | Original Combined Loan to Value | XXXX | XXXX | Review Value calculated using the sales price. Tape Value is based on the appraisal value. |
| XXXX | 1031342 | Investor DTI (DSCR Ratio) | 1.35000 | 1.36516 | Variance is non-material. |
| XXXX | 1032579 | Total Debt to Income Ratio | 29.51% | 23.26% | Variance > 3% appears to be due to lender including the full balance on the open 30 day account. |
| XXXX | 1032585 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan Purpose of Rate and Term Refinance verified per 1008 and Loan Approval. |
| XXXX | 1032745 | Amortization Type | Fixed Rate | Fixed (IO) | Amortization Type, Fixed I/O per Note. |
| XXXX | 1032745 | Total Debt to Income Ratio | 44.19% | 44.58% | Variance < 3% is non-material. Difference is due to lender excluding the City taxes. |
| XXXX | 1032792 | Total Debt to Income Ratio | 19.92% | 19.51% | Variance is less than 3%, non material. |
| XXXX | 1032878 | Total Debt to Income Ratio | 39.44% | 39.40% | Variance is less than 3%, non material. |
| XXXX | 1033005 | Property Type | Unspecified | Three Family | Property Type verified per Appraisal. |
| XXXX | 1032398 | Loan Type | Conventional | Non-QM | The loan is DSCR. |
| XXXX | 1032398 | Appraised Value | XXXX | XXXX | The appraised value is XXXX The tape value is the lesser purchase price. |
| XXXX | 1032398 | Investor DTI (DSCR Ratio) | 0.90800 | 0.90826 | Tape value is rounded. |
| XXXX | 1030949 | Investor DTI (DSCR Ratio) | 1.00500 | 1.00520 | Tape and lender approved DSCR per loan approval is 1.01. Review calculated DSCR of 1.01. |
| XXXX | 1031171 | Escrow Impounds? | Yes | No | Tape source unknown. Loan is non-escrow per final CD. |
| XXXX | 1031171 | Occupancy | Second Home | Investor Owned | Tape source unknown. Review Value confirmed with the application and occupancy affidavit. |
| XXXX | 1031171 | Total Debt to Income Ratio | 43.00% | 45.13% | Tape source unknown. Approved DTI 45.18%, variance < 3% is non-material. |
| XXXX | 1031294 | Total Debt to Income Ratio | 27.53% | 34.14% | Tape source unknown. Approved DTI 34.212%, non-material variance. |
| XXXX | 1031294 | Representative Credit Score | 798 | 800 | Tape source unknown, credit scores verified per the credit report dated 01/02/26. |
| XXXX | 1031412 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Tape source unknown. Rate and Term No Cash-Out Refinance verified per 1008 and final CD. |
| XXXX | 1031412 | Investor DTI (DSCR Ratio) | 0.99000 | 0.99423 | Tape and lender approved DSCR per loan lock is .99. Review calculated DSCR of .99. |
| XXXX | 1031428 | Loan Type | Conventional | Non-QM | Lender lock and approval confirm Non-QM |
| XXXX | 1031428 | Original Note Balance | XXXX | XXXX | Per 1008,lender and note loan amount is XXXX |
| XXXX | 1031428 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | No cashout ; per 1008 /approval subject is Rate/Term Refi |
| XXXX | 1031428 | Total Debt to Income Ratio | 10.00% | 0.00% | No DTI required DSCR |
| XXXX | 1031428 | Appraised Value | XXXX | XXXX | Appraisal confirms value at XXXX |
| XXXX | 1031428 | Investor DTI (DSCR Ratio) | 0.96000 | 1.03891 | Tape source unknown. Review value matches the DSCR calculation in the file. |
| XXXX | 1032087 | Total Debt to Income Ratio | 38.94% | 39.83% | Tape source unknown. Approved DTI 38.78%, variance < 3% is non-material. |
| XXXX | 1032087 | Representative Credit Score | 812 | 819 | Tape is lowest mid score of both borrowers. Review is mid score of primary wage earner. |
| XXXX | 1032492 | Amortization Type | Fixed Rate | Fixed (IO) | Per Note, loan is Fixed IO. |
| XXXX | 1032492 | Total Debt to Income Ratio | 36.77% | 44.58% | Tape source is unknown. Approved DTI of 44.57%, variance < 3%. |
| XXXX | 1032492 | Representative Credit Score | 790 | 793 | The middle score of the primary wage earner was used per the GL's. |
| XXXX | 1032499 | Total Debt to Income Ratio | 41.80% | 43.03% | Tape source unknown. Approved DTI per 42.82%, variance < 3% is non-material. |
| XXXX | 1032499 | Representative Credit Score | 803 | 817 | 817 is the mid fico of the primary wage earner which was B2. |
| XXXX | 1032499 | U/W Doc Type | 24-mo Bank Statement-Business | 12-mo Bank Statement-Business | Lender changed the program form 24 to 12 months. |
| XXXX | 1032784 | Investor DTI (DSCR Ratio) | 0.80000 | 0.81987 | Tape source unknown. Lender approved DSCR per worksheet is .82, non-material variance is due to rounding. |
| XXXX | 1032820 | Total Debt to Income Ratio | 39.33% | 36.12% | Approved DTI 35.407%, variance < 3% is non-material. Source of Tape Value is unknown. |
| XXXX | 1032962 | Total Debt to Income Ratio | 36.69% | 37.92% | Approval DTI is 37.924%, no variance. Source of Tape Value is unknown. |
| XXXX | 1033315 | Total Debt to Income Ratio | 24.00% | 23.89% | Tape source unknown. Approved DTI per the 1008 is 23.89%, no variance. |
| XXXX | 1034246 | Property Type | Single Family - Detached | PUD - Detached | PUD Detached property type verified by appraisal. |
| XXXX | 1034246 | Amortization Type | Fixed Rate | Fixed (IO) | Fixed IO amortization verified per note. |
| XXXX | 1034246 | Total Debt to Income Ratio | 7.33% | 7.19% | Variance < 3% is non-material. |
| XXXX | 1034252 | Property Type | PUD - Detached | PUD - Attached | Per Appraisal, the subject property is an attached unit. |
| XXXX | 1034252 | Total Debt to Income Ratio | 39.77% | 45.66% | Lender revised DTI 42.652%, variance of 3.008% is non-material (Max 50%). |
| XXXX | 1031414 | Amortization Type | Fixed Rate | Fixed (IO) | Per Note, loan includes an IO period. |
| XXXX | 1031414 | Total Debt to Income Ratio | 40.83% | 46.69% | AUS approved DIT 46.69%, variance < 3% is non-material. Max 50%. |
| XXXX | 1032571 | Investor DTI (DSCR Ratio) | 0.84000 | 0.81181 | Approved DSC .81, no variance. Source of Tape Value is unknown. |
| XXXX | 1032701 | Total Debt to Income Ratio | 16.00% | 22.17% | Tape source is unknown. Revised 1008 DTI 22.1745%, no variance. |
| XXXX | 1032701 | U/W Doc Type | Full | 12-mo Bank Statement-Business | 12 months of business bank statements were used to qualify and used at review. |
| XXXX | 1032890 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | The approval confirms the subject is rate and term refinance. |
| XXXX | 1032890 | Total Debt to Income Ratio | 47.18% | 47.13% | The variance is less than 3%, non material. |
| XXXX | 1032900 | Original Note Balance | XXXX | XXXX | Original Note Balance of XXXX verified per Executed Note. Tape source unknown. |
| XXXX | 1032900 | Original Interest Rate | 6.8750% | 7.2500% | Original Interest Rate of 7.25% verified per Executed Note. Tape source unknown. |
| XXXX | 1032900 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Tape source unknown. Rate and Term refinance per loan approval and final CD. |
| XXXX | 1032900 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on new loan amount/appraised value. |
| XXXX | 1032900 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on new loan amount/appraised value. |
| XXXX | 1032900 | Total Debt to Income Ratio | 9.95% | 14.18% | Tape source unknown. Lender approved DTI per 1008 is 14.18%. Review calculated DTI of 14.18% with no variance. |
| XXXX | 1032946 | Original Interest Rate | 6.6250% | 6.7500% | Review Value captured from the Note. Source of Tape Value is unknown. |
| XXXX | 1034222 | Investor DTI (DSCR Ratio) | 1.48000 | 1.44570 | Review calculated DSCR is 1.45. Variance is due to lender using market rent that is higher than actual lease. GL min is 1. |
| XXXX | 1030088 | Property Type | Single Family - Detached | PUD - Detached | Per the Appraisal the Property Type is PUD-Detached |
| XXXX | 1030088 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Per the 1008, lock and CD the Loan Purpose is Rate and Term Refinance |
| XXXX | 1032513 | Property Type | Unspecified | Four Family | Per the Appraisal the Property Type is Four Family. |
| XXXX | 1032513 | Investor DTI (DSCR Ratio) | 1.38000 | 1.31815 | Tape and lender DSCR per loan lock is 1.38. Lender approved DSCR per 1008 is 1.23. Review calculated DSCR of 1.32. GL requires >1.1. |
| XXXX | 1032794 | Property Type | Single Family - Detached | Condo | Condo Property Type verified per Appraisal and Title. |
| XXXX | 1032794 | Total Debt to Income Ratio | 37.45% | 28.30% | Tape source unknown. Approved DTI per the 1008 28.295%, no variance to review DTI. |
| XXXX | 1032794 | Appraised Value | XXXX | XXXX | Tape value is the purchase price. The appraised value is XXXX |
| XXXX | 1032990 | Amortization Type | Fixed Rate | Fixed (IO) | Tape source unknown. Loan amortization verified per note. |
| XXXX | 1032990 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Tape source unknown. Rate and Term Refinance verified per loan approval and final CD. |
| XXXX | 1032990 | Total Debt to Income Ratio | 40.17% | 39.58% | Tape source unknown. Lender approved DTI per final 1008 is 43.408%. Review calculated DTI is 39.58%. Variance is due to simultaneous closings on primary and REO where lender did not used new information for both loans. |
| XXXX | 1033093 | Loan Type | Conventional | Non-QM | Per the 1008 the Loan Type is Non-QM |
| XXXX | 1033093 | Total Debt to Income Ratio | 33.12% | 31.48% | 31.48%DTI QC Review. Tape value 33.12%DTI per lock p552. 1008 and approval 27.871%DTI. Variance due to HOA fees on primary not included in PITIA and miscalculation on net rental loss on subject property |
| XXXX | 1033192 | Amortization Type | Fixed Rate | Fixed (IO) | Per the Note the Amortization Type is Fixed(IO) |
| XXXX | 1033192 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Per the 1008 and final CD the Loan Purpose is Rate and Term Refinance. |
| XXXX | 1033192 | Total Debt to Income Ratio | 40.02% | 39.58% | Tape source unknown. Lender approved DTI per final 1008 is 43.408%. Final DTI per review is 39.58%. Variance is due to simultaneous closings on primary and REO where lender did not use the new information for both loans. |
| XXXX | 1031447 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Tape source unknown. Loan purpose is rate and term refinance as verified per loan approval and final CD. |
| XXXX | 1031447 | Total Debt to Income Ratio | 41.25% | 41.46% | Tape and lender approved DTI per final 1008 is 41.25%. Review DTI is 41.46%. Variance is non-material. |
| XXXX | 1034244 | Escrow Impounds? | Yes | No | Per the CD the loan is not escrowed. |
| XXXX | 1034244 | Representative Credit Score | 706 | 717 | Tape value reflects the score from a previous credit report. The file included a credit report with updated scores prior to closing. |
| XXXX | 1034244 | Investor DTI (DSCR Ratio) | 1.22700 | 1.22682 | Tape value is rounded. |
| XXXX | 1030475 | Interest Only Term In Months | 0 | 120 | Per Note, loan includes IO period. |
| XXXX | 1030475 | Escrow Impounds? | Yes | No | Per CD there is not escrow/impound on subject loan. |
| XXXX | 1030475 | Total Debt to Income Ratio | 19.05% | 26.54% | Source of Tape Value is unknown. Approved DTI 24.381%, variance < 3% is non-material. |
| XXXX | 1032914 | Total Debt to Income Ratio | 47.49% | 47.38% | Variance < 3% is non-material. |
| XXXX | 1032914 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | 12 mths personal statements used w/expense factor. |
| XXXX | 1032262 | Total Debt to Income Ratio | 40.84% | 47.47% | Tape source unknown. Lender approved DTI per 1008 is 49.42%. Review calculated DTI of 47.47%. Variance is non-material. |
| XXXX | 1032262 | Representative Credit Score | 746 | 793 | Tape is lowest mid score of both borrowers. Review is mid score of primary wage earner. |
| XXXX | 1032262 | Appraised Value | XXXX | XXXX | Tape is sales price. Appraised value verified per appraisal. |
| XXXX | 1032416 | Property Type | Single Family - Detached | Two Family | Per the Appraisal the Property Type is 2 Family |
| XXXX | 1032416 | Investor DTI (DSCR Ratio) | 2.513 | 2.09392 | Non-material variance is due to qualifying rents (1.0 Min Req). Review used rents from the lease agreements. Approved DSCR is the rents from the appraisal. |
| XXXX | 1032818 | Total Debt to Income Ratio | 45.35% | 46.40% | Tape source unknown. Lender approved DTI 46.524%, variance < 3% is non-material. |
| XXXX | 1028432 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal, property type is PUD - Detached. |
| XXXX | 1028432 | Original Note Balance | XXXX | XXXX | Data Tape is initial amount applied for. Review original balance verified per Note. |
| XXXX | 1028432 | Original Loan to Value | XXXX | XXXX | Tape source unknown. LTV calculated on loan amount/appraised value. |
| XXXX | 1028432 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. OCLTV calculated on loan amount/appraised value. |
| XXXX | 1028432 | Total Debt to Income Ratio | 45.52% | 47.35% | Tape source unknown. Lender approved DTI 47.71%, variance < 3% is non-material. |
| XXXX | 1028432 | Appraised Value | XXXX | XXXX | Tape is the initial estimated value. Review Value captured as per the appraisal. |
| XXXX | 1031246 | Property Type | Single Family - Detached | PUD - Detached | Per title and Appraisal, property type is PUD. |
| XXXX | 1031246 | Escrow Impounds? | No | Yes | The final CD and confirmed the loan included escrows. |
| XXXX | 1031246 | Total Debt to Income Ratio | 40.80% | 40.67% | Non-Material variance. |
| XXXX | 1031246 | Representative Credit Score | 797 | 775 | Tape reflects mid fico of primary wage earner. Review used the lower middle of three scores provided for each borrower as per the guidelines.. |
| XXXX | 1031456 | Total Debt to Income Ratio | 49.53% | 49.08% | Variance < 3% is non-material. |
| XXXX | 1033424 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal and title, property type is PUD - Detached. |
| XXXX | 1033424 | Total Debt to Income Ratio | 41.08% | 48.66% | Source of tape is unknown. Approved DTI per 1008 47.55%. Review DTI 48.66%. Non-Material Variance. |
| XXXX | 1033424 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | UW doc type verified as 12 mths personal bank statement. |
| XXXX | 1034303 | Amortization Type | Fixed Rate | Fixed (IO) | Amortization Type verified per Note. Tape source unknown. |
| XXXX | 1034303 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan Purpose of Rate and Term (No Cash Out) Refinance verified per 1008 and Loan Approval and final CD. Tape source unknown. |
| XXXX | 1034303 | Total Debt to Income Ratio | 11.42% | 12.63% | Tape source unknown. Lender approved DTI per 1008 is 12.48%. Variance is non-material. |
| XXXX | 1034303 | Representative Credit Score | 788 | 768 | Tape source unknown. Review credit scores verified per Credit Report which do not include tape value. |
| XXXX | 1032545 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan proceeds were used to payoff existing first lien with borrower bringing cash to close. |
| XXXX | 1032648 | Amortization Type | Fixed Rate | Fixed (IO) | The note confirms an interest only period of 120 months. |
| XXXX | 1032648 | Original Note Balance | XXXX | XXXX | Review Value captured from the Note. |
| XXXX | 1032648 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan proceeds were used to payoff existing first lien with borrower bringing cash to close. |
| XXXX | 1032648 | Escrow Impounds? | Yes | No | Loan does not include an escrow impound per waiver and CD. |
| XXXX | 1032648 | Original Loan to Value | XXXX | XXXX | Tape source unknown. Review Value agrees with the approved value. |
| XXXX | 1032648 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown. Review Value agrees with the approved value. |
| XXXX | 1032648 | Total Debt to Income Ratio | 19.01% | 23.29% | Tape source unknown. Approved DTI 23.75%, variance < 3% is non-material. |
| XXXX | 1033170 | Property Type | Single Family - Detached | Two Family | Property type verified as 2 units per appraisal. |
| XXXX | 1033170 | Original Note Balance | XXXX | XXXX | Loan amount verified per the note. |
| XXXX | 1033170 | Sales Price | XXXX | XXXX | Tape reflects the appraised value. SP verified per the contract and final CD. |
| XXXX | 1034281 | Total Debt to Income Ratio | 48.29% | 47.14% | Tape source unknown, DTI per approval docs is 47.142%. Variance is non-material. |
| XXXX | 1034281 | Representative Credit Score | 799 | 807 | Tape source is the lower of the mid scores for both borrowers. Review value is the score for the primary wage earner per guidelines |
| XXXX | 1034375 | Amortization Type | Fixed Rate | Fixed (IO) | Tape source unknown. Fixed IO amortization verified per note. |
| XXXX | 1034375 | Original Interest Rate | 7.0000% | 6.7400% | Tape source unknown. Interest rate verified per note. |
| XXXX | 1034375 | Amortized Original Term | 480 |  | Loan is 120 IO fixed for 40 years per note. |
| XXXX | 1034375 | Representative Credit Score | 694 | 714 | Tape source unknown. Review mid score of 714 verified per credit report. |
| XXXX | 1034375 | Investor DTI (DSCR Ratio) | 1.00600 | 1.03350 | Tape source unknown. Lender approved DSCR per loan approval is 1.03. Review calculated DSCR of 1.03. |
| XXXX | 1034397 | Total Debt to Income Ratio | 26.00% | 40.32% | Source of tape is unknown. Approved DTI 39.45%, variance < 3% is non-material. |
| XXXX | 1032981 | Total Debt to Income Ratio | 22.66% | 24.19% | Less than 3% variance, non-material. |
| XXXX | 1029998 | Investor DTI (DSCR Ratio) | 1.39200 | 1.41580 | 1.4158%DSCR is calculated using the lesser of the market rent $1,020/$720.44 total PITIA which matches the Approval. Tape value 1.392%DSCR - source unknown. |
| XXXX | 1030003 | Investor DTI (DSCR Ratio) | 1.30600 | 1.29328 | 1.29%DSCR calculated using lesser of lease amount $1,200/$927.87 which matches Approval. Tape value 1.06%DSCR - source unknown. |
| XXXX | 1032808 | Escrow Impounds? | Yes | No | Per Final CD - No escrow |
| XXXX | 1032808 | Original Loan to Value | XXXX | XXXX | Per 1008 and Approval LTV/CLTV is XXXX. |
| XXXX | 1032808 | Original Combined Loan to Value | XXXX | XXXX | Per 1008 and Approval LTV/CLTV is XXXX |
| XXXX | 1032808 | Total Debt to Income Ratio | 17.86% | 17.82% | Tape source unknown. Lender approved DTI 17.88% review DTI 17.82%, no variance. |
| XXXX | 1032808 | Representative Credit Score | 774 | 784 | Per guideline when income is equal the higher mid fico is used to qualify. |
| XXXX | 1032808 | U/W Doc Type | Full | 24-mo Bank Statement-Business | Source of tape is unknown. Per Lender Approval and Lock - program is 24 mos bk stmt. |
| XXXX | 1032808 | Appraised Value | XXXX | XXXX | Data Tape is estimated value at application. Review per Appraisal. |
| XXXX | 1033040 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan proceeds were used to payoff existing first lien with < $5K cash to borrower. |
| XXXX | 1033218 | Appraised Value | XXXX | XXXX | Appraisal value XXXX Tape value of XXXX is the lesser of the purchase price. |
| XXXX | 1034376 | Total Debt to Income Ratio | 12.14% | 23.98% | Tape source unknown. Lender approved DTI per 1008 is 24.10%. Review calculated DTI of 23.98%. Variance is Non-Material. |
| XXXX | 1034376 | Appraised Value | XXXX | XXXX | Sales Price was XXX Appraised Value was XXXX |
| XXXX | 1034396 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Tape source unknown. Loan purpose verified per 1008. |
| XXXX | 1034396 | Investor DTI (DSCR Ratio) | 1.72200 | 1.71139 | Non-Material variance. |
| XXXX | 1034703 | Total Debt to Income Ratio | 49.92% | 49.76% | Source of tape is unknown. Review DTI is 49.97%. Non-material variance. |
| XXXX | 1034842 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal and title - Property is PUD Detached |
| XXXX | 1034842 | Investor DTI (DSCR Ratio) | 0.84200 | 0.89821 | Approved DSCR .898%, no variance. Source of Tape Value is unknown. |
| XXXX | 1033038 | Total Debt to Income Ratio | 2.64% | 2.53% | Variance < 3% is non-material. |
| XXXX | 1033038 | U/W Doc Type | 12-mo Bank Statement-Business | 24-mo Bank Statement-Business | Lock indicates 12 month BK Statement. Lender approved income with 24 month bank statements. |
| XXXX | 1033293 | Total Debt to Income Ratio | 44.18% | 43.79% | Non-material variance less than 1% (Max 50%) |
| XXXX | 1034672 | Property Type | PUD - Detached | PUD - Attached | Per Appraisal - PUD attached Townhome |
| XXXX | 1034672 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan proceeds were used to payoff existing first lien with borrower bringing cash to close. |
| XXXX | 1034819 | Property Type | PUD - Detached | PUD - Attached | Appraisal shows property is PUD Attached, Townhome |
| XXXX | 1034819 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan proceeds were used to payoff an existing first lien with borrower bringing cash to close. |
| XXXX | 1034819 | Investor DTI (DSCR Ratio) | 1.05594 | 1.04204 | Variance is non-material. |
| XXXX | 1033302 | Total Debt to Income Ratio | 11.95% | 8.88% | Approved DTI 8.88% matches review calculated DTI. Source of tape is unknown. |
| XXXX | 1029814 | Property Type | Unspecified | PUD - Detached | Property type verified as PUD per title and appraisal. |
| XXXX | 1032948 | Property Type | Unspecified | Single Family - Detached | Appraisal confirms property is SFR detached. |
| XXXX | 1034432 | Property Type | Unspecified | PUD - Detached | Tape value null, PUD Detached per appraisal |
| XXXX | 1034432 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Rate/Term per approval and final CD. |
| XXXX | 1034432 | Original Loan to Value | XXXX | XXXX | Tape source unknown, per approval and 1008 LTV/CLTV is XXXX. |
| XXXX | 1034432 | Original Combined Loan to Value | XXXX | XXXX | Tape source unknown, per approval and 1008 LTV/CLTV is XXXX. |
| XXXX | 1034432 | Total Debt to Income Ratio | 25.95% | 26.45% | Tape source unknown. DTI per the approval and 1008 is 26.449%. |
| XXXX | 1034432 | Appraised Value | XXXX | XXXX | Tape value is estimated value per the initial 1003. Review value is per the appraisal. |
| XXXX | 1034432 | Approval Back-end Ratio | 25.950 | 26.449 | Tape source unknown. DTI per the 1008 is 26.449%. |
| XXXX | 1035073 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan proceeds were used to payoff an existing first lien with less than $5K cash to borrower. Source of Tape Value is unknown. |
| XXXX | 1035073 | Original Combined Loan to Value | XXXX | XXXX | Approved Value XXXX, no variance. Source of Tape Value is unknown. |
| XXXX | 1033214 | Property Type | Unspecified | Four Family | Per Appraisal Subject property is 4 units |
| XXXX | 1033214 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Loan approved as rate term. Cash to borrower less than 1%. |
| XXXX | 1033214 | Investor DTI (DSCR Ratio) | 1.46800 | 1.40897 | Source of tape is unknown. Approved DSCR 1.41; Review DSCR 1.408. Variance is due to rounding. |
| XXXX | 1033229 | Total Debt to Income Ratio | 31.10% | 30.99% | Non-material variance |
| XXXX | 1033373 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Tape source unknown. The loan is a rate/term per the approval and the final CD. |
| XXXX | 1033373 | Total Debt to Income Ratio | 34.88% | 34.65% | Tape and lender approved DTI per 1008 is 34.88%. Review calculated DTI of 34.65%. Variance is non-material. |
| XXXX | 1033373 | U/W Doc Type | 12-mo Bank Statement-Business | 12-mo Bank Statement-Personal | 12-mo Bank Statement-Personal utilized as business. |
| XXXX | 1034925 | Loan Purpose | Cash Out Refinance | Rate and Term Refinance | Rate term refinance per loan approval, 1008 and final CD. Tape value cash-out refi - source unknown. |
| XXXX | 1035063 | Total Debt to Income Ratio | 21.88% | 28.75% | Approved DTI 27.56%, variance < 3% is non-material. Source of Tap e Value is unknown. |
| XXXX | 1028561 | Property Type | Unspecified | Four Family | Property type verified per appraisal. |
| XXXX | 1028561 | Representative Credit Score | 804 | 798 | Tape source unknown. Review is borrower mid score per credit report. |
| XXXX | 1031114 | Property Type | Unspecified | Two Family | Tape value null. Per Appraisal subject property is NOO duplex / Two family |
| XXXX | 1031579 | Property Type | Single Family - Detached | PUD - Detached | Per Appraisal, property is a PUD - Detached. Tape source unknown. |
| XXXX | 1031579 | Total Debt to Income Ratio | 48.00% | 48.60% | Tape source unknown. Lender approved DTI verified per 1008 is 48.60%. Review calculated DTI of 48.60% with no variance. |
| XXXX | 1031579 | Appraised Value | XXXX | XXXX | Tape value is sales price. Review amount is appraised value per Appraisal. |

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## Exhibit 99.3

**Exhibit 99.3 Schedule 2**

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID (Purchasing Lender)** | **Loan Number (Selling Lender)** | **Exception ID** | **Exception ID Date** | **Condition Category** | **Condition Standardized Description** | **Condition ID** | **Exception Level** | **Status** | **Condition Custom Description** | **Cleared Date** | **Compensating Factors** | **Lender Response** | **Comments** | **Loan Status** |
| 1024911 | XXXX | 1142470 | 10/03/2025 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 1 | Closed | Missing affiliated business disclosure or lender attestation confirming XXXX does not have any affiliated business relationships to disclose. | 10/15/2025 | Verified reserves - (redacted) months of verified reserves when guidelines required (redacted) months.; Verified employment history - Borrower has been self employed attorney for (redacted) years.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; |  | 10/15/2025 Received borrower signed affiliated business disclosure. - 10/15/2025 Received borrower signed affiliated business disclosure. | Approved C |
| 1024911 | XXXX | 1142661 | 10/06/2025 | Credit | Missing Tax Transcript(s) | CRED 0091 | 2 | Acknowledged | Missing tax transcripts for years of qualifying income. |  | Verified reserves - (redacted) months of verified reserves when guidelines required (redacted) months.; Verified employment history - Borrower has been self employed attorney for (redacted) years.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; | 10/21/2025 - Borrower provided documentation cannot be used to validate income. Escalated to investor for review. | 10/31/2025 EV2/B - Investor Acknowledged Exception, The source of 1099 income is a government agency, and we have a document (pg. 455) that supports the income by showing number of hours. | Approved C B |
| 1024911 | XXXX | 1142662 | 10/06/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing (redacted), (redacted). Guidelines require last two years. File contains (redacted) for year (redacted). Borrower has been in business since (redacted). | 10/21/2025 | Verified reserves - (redacted) months of verified reserves when guidelines required (redacted) months.; Verified employment history - Borrower has been self employed attorney for (redacted) years.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; | 10/21/2025 - Finding is cleared with the attached copy of the (redacted). | 10/21/2025 - Finding is cleared with the attached copy of the (redacted). - 10/21/2025 - Finding is cleared with the attached copy of the (redacted). | Approved C |
| 1024911 | XXXX | 1143050 | 10/07/2025 | Credit | Missing Sufficient Evidence of Insurance | INS 0001 | 1 | Closed | Missing insurers replacement cost calculator. EOI only reflects replacement cost coverage on personal contents. Cost New was not developed by the appraiser. | 10/20/2025 | Verified reserves - (redacted) months of verified reserves when guidelines required (redacted) months.; Verified employment history - Borrower has been self employed attorney for (redacted) years.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; | 10/20/2025 - Finding is cleared with the attached RCE, coverage (redacted) > (redacted) RCE.<br>10/15/2025 - Received hazard insurance renewal with dwelling coverage of (redacted). Still missing the insurers replacement cost estimate. Coverage sufficient to cover the unpaid principal balance of the loan is acceptable, provided it equals no less than (redacted) of the replacement cost value of the improvements. | 10/20/2025 - Finding is cleared with the attached RCE, coverage (redacted) > (redacted) RCE. - 10/20/2025 - Finding is cleared with the attached RCE, coverage (redacted) > (redacted) RCE. | Approved C |
| 1024911 | XXXX | 1144837 | 10/15/2025 | Compliance | Affiliated Business Disclosure Not Provided Within 3 Business Days of Application | COMP 0035 | 1 | Closed | Missing evidence of delivery to borrower of the affiliated business disclosure within (redacted) days of the application date of (redacted). Affiliated business disclosure provided via COMP 0010 is dated (redacted) and signed at closing on (redacted). | 10/15/2025 | Verified reserves - (redacted) months of verified reserves when guidelines required (redacted) months.; Verified employment history - Borrower has been self employed attorney for (redacted) years.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; |  | 10/15/2025 - Finding is cleared with the attached ABD disclosed within (redacted) days of application. - 10/15/2025 - Finding is cleared with the attached ABD disclosed within (redacted) days of application. | Approved B |
| 1027760 | XXXX | 1150820 | 11/20/2025 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing lender loan approval. | 11/25/2025 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; |  | 11/25/2025 Finding is cleared with the attached underwriting decision. - 11/26/2025 Finding is cleared with the attached underwriting decision. | Funded D A |
| 1028143 | XXXX | 1150747 | 11/20/2025 | Compliance | HPML Appraisal Requirements are Not Met | APPR 0044 | 1 | Closed | Missing appraiser executed certification stating the appraisal was prepared in accordance with Title XI of FIRREA and any implementing regulations. | 12/01/2025 | Verified housing payment history - Non-owner occupant credit report confirms 109 months satisfactory mortgage rating.; Verified credit history - Middle Credit Scores 807/748 > 660 Minimum Required.; |  | 12/01/2025 Title XI of FIRREA verbiage provided on appraisal. Finding cleared. - 12/02/2025 Title XI of FIRREA verbiage provided on appraisal. Finding cleared. | Funded C A |
| 1028143 | XXXX | 1151326 | 11/24/2025 | Credit | Missing Divorce Decree and/or Separation Agreement | DD 0001 | 1 | Closed | Missing divorce decree for B2, confirming the $75 month child support liability. Only undated worksheet in file does not support the payment considered in qualifying. -- Per DU, Alimony, child support, or separate maintenance for XXXX has been listed as a liability on the application. Confirm the payment and the number of months remaining using the divorce decree, separation agreement, or any other written legal agreement. (XXXX). | 12/19/2025 | Verified housing payment history - Non-owner occupant credit report confirms 109 months satisfactory mortgage rating.; Verified credit history - Middle Credit Scores 807/748 > 660 Minimum Required.; |  | 12/19/2025 Supplemental Petition For Modification of Child Support received confirming monthly expense of $75. - 12/19/2025 Supplemental Petition For Modification of Child Support received confirming monthly expense of $75. | Funded C A |
| 1028143 | XXXX | 1151327 | 11/24/2025 | Credit | VVOE dated outside of required timeframe | CRED 0072 | 2 | Acknowledged | Missing B2 VOE completed within 10 days prior to closing. |  | Verified housing payment history - Non-owner occupant credit report confirms 109 months satisfactory mortgage rating.; Verified credit history - Middle Credit Scores 807/748 > 660 Minimum Required.; |  | 12/12/2025 EV2/B - Finding is downgraded to EV2/B with the attached post-consummation dated VOE confirming co-borrowers active employment status, which is in support of pre-consummation dated VOE completed > 10 business days prior to closing. | Funded C B |
| 1028143 | XXXX | 1151339 | 11/24/2025 | Credit | Title Policy - Schedule B Exception | TITL 0014 | 1 | Closed | Missing evidence that the non-occupying borrowers judgments and / or liens have been paid and closed. Title only reflects instrument numbers, thus review is unable to confirm if guideline requirements were met. | 12/12/2025 | Verified housing payment history - Non-owner occupant credit report confirms 109 months satisfactory mortgage rating.; Verified credit history - Middle Credit Scores 807/748 > 660 Minimum Required.; |  | 12/12/2025 Finding is cleared with the attached final title policy, no exceptions listed on Schedule B Part II. - 12/12/2025 Finding is cleared with the attached final title policy, no exceptions listed on Schedule B Part II. | Funded C A |
| 1028143 | XXXX | 1151343 | 11/24/2025 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing lender's underwriting approval / decision. Only DU and 1008 provided in file. | 11/25/2025 | Verified housing payment history - Non-owner occupant credit report confirms 109 months satisfactory mortgage rating.; Verified credit history - Middle Credit Scores 807/748 > 660 Minimum Required.; |  | 11/25/2025 Finding is cleared with the attached UW Decision. - 11/26/2025 Finding is cleared with the attached UW Decision. | Funded C A |
| 1027840 | XXXX | 1150986 | 11/21/2025 | Credit | Final 1003 Application is Incomplete | APP 0002 | 1 | Closed | Missing employment information on final 1003 for both borrowers. Marked as not employed. Used information stated on initial 1003 pages 3/5. Borrowers are self employed and qualifying on 12 month business bank statements. | 12/03/2025 | Verified reserves - 51 months of verified reserves when GL required 3 months.; | 11/26/2025 11/26 tm: The income will always be printed as "other - other income" on bank statement loans. We only used income for Jason which is reflected on page 2/10 of the final 1003. The final 1003 is fully complete and does not need any corrections. | 12/03/2025 Per email received from investor- Their bank statement loans will not have employment listed. They list it as other income. 1003 accepted as is.<br> 12/02/2025 Disagree. Borrower and CoBorrower are each 50% owners of XXXX with income allotted from bank statements accordingly. Initial 1003 discloses borrowers' employment, however, final 1003 does not as S/E owners of business. Finding remains. | Funded C A |
| 1027863 | XXXX | 1151226 | 11/24/2025 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | Per addendum to sales contract the subject was to include a finished basement including a finished bathroom. Per appraisal floor plan and photos the basement is unfinished and no photo of basement bath was provided. Subject is not completed per sales contract. | 12/04/2025 | Verified housing payment history - 356 months of mortgage history paid 0x30, verified per credit report. ; Verified credit history - 734 qualifying credit scores, minimum required of 620. No derogatory credit. ; Low LTV/CLTV/HCLTV - CLTV of 54.15%, maximum of 80% allowed per guidelines. ; | 12/04/2025 Change order removing finished basement | 12/04/2025 Recd seller settlement statement reflecting the credit to buyer Refer (CRED 0085) - 12/04/2025 Recd seller settlement statement reflecting the credit to buyer Refer (CRED 0085)<br> 12/04/2025 Finding is partially cleared with the attached change order removing the finished basement. Missing amended sales price, Borrower does not appear to have been credited $41,075 off of the original sales price of $XXXX for the deleted options. | Funded C A |
| 1027863 | XXXX | 1151552 | 11/25/2025 | Credit | Purchase Contract is Deficient | CRED 0085 | 1 | Closed | Missing addendum to the contract to verify the change orders totaling $XXXX. Final CD dated XX/XX/XXXX reflects payments made on change orders. (This was not reflected on the seller's CD) | 01/08/2026 | Verified housing payment history - 356 months of mortgage history paid 0x30, verified per credit report. ; Verified credit history - 734 qualifying credit scores, minimum required of 620. No derogatory credit. ; Low LTV/CLTV/HCLTV - CLTV of 54.15%, maximum of 80% allowed per guidelines. ; | 01/06/2026 Addendums <br>12/04/2025 Closing Statement (showing purchasers credits on page 1) and change orders | 01/08/2026 Addendum received. - 01/08/2026 Addendum received.<br>12/04/2025 Missing borrower/seller signed amendment reflecting the final sales price after change orders applied. | Funded C A |
| 1027863 | XXXX | 1151560 | 11/25/2025 | Compliance | LE or CD is Deficient | TRID 0148 | 2 | Acknowledged | Final CD dated 11/07/25 reflects a Verification fee of $75 however, the file does not contain a VOE or an invoice for a VOE. |  | Verified housing payment history - 356 months of mortgage history paid 0x30, verified per credit report. ; Verified credit history - 734 qualifying credit scores, minimum required of 620. No derogatory credit. ; Low LTV/CLTV/HCLTV - CLTV of 54.15%, maximum of 80% allowed per guidelines. ; |  | 11/25/2025 EV2/B Post Closing Corrective Action - PC CD issued 11/18/25 with LOE and refund check to borrower of $75. Tracking verified. | Funded C B |
| 1027746 | XXXX | 1151345 | 11/24/2025 | Credit | LTV Exceeds Max Allowed | CRED 0010 | 1 | Closed | 75% LTV/CLTV exceeds the max allowed of 70% for Fico 700-719 and DSCR <1 >.75 (Investor Flex 30 Yr fixed Orange). | 12/01/2025 | Verified housing payment history - 0x30 mortgage history for 24 months. <br>; | 11/26/2025 11/26 tm: Please re-review matrix. For purchase loan amounts under XXXX, a DSCR between .75 and 1 with a FICO over 700, the max LTV is 75%. | 12/02/2025 Agree. DSCR >=0.75, LTV of 75% with a FICO of 700 is permissible. Subject DSCR is 0.89, LTV 75% and FICO of 706. Finding cleared. | Funded C A |
| 1027909 | XXXX | 1151197 | 11/24/2025 | Credit | Final 1003 Application is Incomplete | APP 0002 | 1 | Closed | Missing employment information on final 1003 for self employed bank statement qualification. (pg 24). | 12/03/2025 | Verified housing payment history - 74 months of verified mortgage history paid 0x30 since 05/2019.; Verified credit history - 733 fico w/a minimum requirement of 620.; | 11/26/2025 11/26 tm: The borrower is qualifying through bank statement income which is their own self-employed business income, meaning the number to contact them would be their personal number. You are not going to see a separate phone number entered on any loan application for bank statement loans. The income will always be printed as "other - other income" which does not have a separate section for a phone number. The final 1003 is fully complete and does not need any corrections. | 12/03/2025 Email received from Investor. Their bank statement loans will not have employment listed. They list it as other income. 1003 accepted as is. <br>12/02/2025 Disagree. Employment information to be completed on the final 1003, as this supports income verification and forms part of the legally binding final application. | Funded C A |
| 1027909 | XXXX | 1151198 | 11/24/2025 | Credit | Missing Borrower Employer Phone Number | APP 0014 | 1 | Closed | Missing employer phone number on final 1003 that is missing employment information. | 12/01/2025 | Verified housing payment history - 74 months of verified mortgage history paid 0x30 since 05/2019.; Verified credit history - 733 fico w/a minimum requirement of 620.; | 11/26/2025 11/26 tm: The borrower is qualifying through bank statement income which is their own self-employed business income, meaning the number to contact them would be their personal number. You are not going to see a separate phone number entered on any loan application for bank statement loans. The income will always be printed as "other - other income" which does not have a separate section for a phone number. The final 1003 is fully complete and does not need any corrections. | 12/02/2025 Agree phone number is not necessary, however, employment information listed on final 1003 APP 0002 remains. | Funded C A |
| 1027872 | XXXX | 1151347 | 11/24/2025 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | Missing copy of Note or final CD for new mortgage with a balance of (redacted). If loan had not closed prior to this transaction a CD is sufficient. | 11/25/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Low LTV/CLTV/HCLTV - (redacted) LTV/CLTV w/a max allowed of (redacted).; | 11/25/2025 CD (Loan XXXX) | 11/25/2025 Finding is cleared with the attached CD. Disbursement date is after the subject transaction Note date.<br>- 11/26/2025 Finding is cleared with the attached CD. Disbursement date is after the subject transaction Note date. | Funded C A |
| 1027943 | XXXX | 1150946 | 11/21/2025 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing lender loan approval. | 11/25/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted).; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; | 11/25/2025 Please see UW Decision | 11/25/2025 Finding is cleared with the attached UW Decision. - 11/26/2025 Finding is cleared with the attached UW Decision. | Funded D A |
| 1027877 | XXXX | 1151274 | 11/24/2025 | Credit | Asset Documentation is Insufficient | CRED 0083 | 1 | Closed | The file is missing evidence of liquid assets to document cash to close. The final CD (pg 525) reflects the borrower is required to bring XXXXcash to closing. The file included 457/401k documentation with XXXX. Per the guidelines, proceeds from a loan secured by a financial asset (such as 401(k), or mutual fund) may be used. Documentation must be provided verified the assets, the withdrawal and the Borrower's receipt of funds.  | 12/01/2025 | Verified credit history - 726 Representative credit score exceeds the minimum required credit score of 680 by 46 Points. <br>; Verified reserves - $74,747.18 reserves exceed the minimum required of $13,624.11 exceeds the minimum by 13.46 months over the required minimum. <br>; | 11/26/2025 11/26 tm: Per Investor Flex guidelines, non-liquid funds are eligible to be used for down payment or closing costs without liquidating when the value of the asset is at least 20% more than the amount of funds needed at closing. Proof of liquidation is not required as the borrower had $74,953.38 in their account which is greater than 20% more than the $927.56 needed for closing. | 12/02/2025 Agree. The value of the asset is at least 20% more than the amount of funds needed for closing costs. No documentation of the borrower's actual receipt of funds realized from the sale or liquidation is required. | Funded C A |
| 1027959 | XXXX | 1151346 | 11/24/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing business narrative. -- Per guidelines, Provide a signed written business narrative. Must include:<br>Description of business operation<br>Primary products and / or services<br>Who is the customer base<br>Number of full-time employees,<br>Any other information that would help determine eligible deposits | 01/27/2026 | Verified reserves - $79,188.48 reserves exceed the minimum required of $17,688.95 exceeds the minimum by 10.43 months over the required minimum. <br>; |  | Business narrative received. | Funded C A |
| 1028262 | XXXX | 1151469 | 11/25/2025 | Credit | Missing Required Property Title Search | TITL 0009 | 1 | Closed | The file is missing a full 12 month chain of title as required per the guidelines. The preliminary title confirms the borrower purchased the property 2.14.2025, however no other history is provided. | 12/02/2025 | Low LTV/CLTV/HCLTV - 54.43% LTV is below the maximum 75% LTV by 20.57%. <br>; Verified credit history - 810 Representative credit score exceeds the minimum required credit score of 680 by 130 Points. <br>; Verified reserves - $35,556.97 reserves exceed the minimum required of $6,499.60 exceeds the minimum by 13.41 months over the required minimum. <br>; | 11/28/2025 11/28/2025 - KJ: Please see attached. Line 9 of Schedule C confirms the only conveyance within 24 months was when the borrower acquired the property on 02/19/2025. | 12/03/2025 Title Schedule C provided lists 24 month deed conveyance. Finding resolved. | Funded C A |
| 1028262 | XXXX | 1151470 | 11/25/2025 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | The file is missing evidence the borrowers primary residence is owned free and clear. The final 1003 reflects the borrowers primary residence is free and clear, but no evidence of ownership or free and clear status. | 12/02/2025 | Low LTV/CLTV/HCLTV - 54.43% LTV is below the maximum 75% LTV by 20.57%. <br>; Verified credit history - 810 Representative credit score exceeds the minimum required credit score of 680 by 130 Points. <br>; Verified reserves - $35,556.97 reserves exceed the minimum required of $6,499.60 exceeds the minimum by 13.41 months over the required minimum. <br>; | 12/01/2025 12/01/25 - KJ: Please see the attached mortgage statement and Property detail report for XXXX confirming the borrower has no ownership and is not obligated to the current mortgage on the property. | 12/03/2025 Mortgage statement and Property detail report for XXXX confirming the borrower has no ownership and is not obligated to the current mortgage on the property. Finding resolved. | Funded C A |
| 1028262 | XXXX | 1151607 | 11/25/2025 | Credit | Fraud report alerts have not been addressed | FRAUD 0001 | 1 | Closed | Missing complete fraud report with all alerts addressed. The FraudGuard report in the file (p310) is incomplete. | 12/02/2025 | Low LTV/CLTV/HCLTV - 54.43% LTV is below the maximum 75% LTV by 20.57%. <br>; Verified credit history - 810 Representative credit score exceeds the minimum required credit score of 680 by 130 Points. <br>; Verified reserves - $35,556.97 reserves exceed the minimum required of $6,499.60 exceeds the minimum by 13.41 months over the required minimum. <br>; | 11/28/2025 11/28/2025 - KJ: Please see attached | 12/03/2025 Complete fraud report addressing fraud variances provided. Finding resolved. | Funded C A |
| 1028946 | XXXX | 1151649 | 11/26/2025 | Credit | Missing Evidence the Hazard Insurance Carrier Rating was Obtained | HAZ 0006 | 1 | Closed | The file is missing evidence the Hazard Insurance Carrier Rating was obtained. | 12/04/2025 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/02/2025 12/2 tm: XXXX does not provide this on loans as it can be obtained publicly online. We've attached it for your convenience. | 12/04/2025 Finding is cleared with the attached insurer rating, (redacted) A. - 12/04/2025 Finding is cleared with the attached insurer rating, XXXX. | Funded C A |
| 1028946 | XXXX | 1151653 | 11/26/2025 | Credit | Hazard Insurance Coverage Amount is Insufficient | HAZ 0004 | 1 | Closed | The declaration page reflects coverage of (redacted). The reconstruction cost estimate reflects a cost of (redacted). Per the guidelines, The coverage amount must not be less than the insurable value of the improvements. | 01/23/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/21/2026 1/21 NR: Please see attached up-to-date replacement cost estimator that shows cost to rebuild is XXXX. Insurance has sufficient coverage. <br> 12/06/2025 12/5 tm: Please move to investor queue for review. The guideline previously provided is correct and dwelling coverage is sufficient. <br> 12/02/2025 12/2 tm: Guideline being cited is not correct. When the loan amount is fully covered, only 80% of the RCE amount is required to be covered if the RCE is greater than the loan amount. The RCE (XXXX) is greater than the loan amount (XXXX), so the required dwelling coverage is XXXX. The dwelling coverage provided is sufficient. | 01/23/2026 Finding is cleared with the attached RCE (redacted). NOTE: Updated RCE > Cost New per Appraisal. - 01/23/2026 Finding is cleared with the attached RCE $XXXX. NOTE: Updated RCE > Cost New per Appraisal.<br> 12/08/2025 Lender to advise what guidelines the loan was underwritten to. Review used: XXXX Investor Flex Guidelines_02.24.25 / XXXX Investor Flex Fixed - Pink Matrix_06.13.24. Guidelines state that the coverage amount must not be less than the insurable value of the improvements. <br> 12/04/2025 Disagree, coverage must be sufficient to cover the replacement cost. Per guidelines, The coverage amount must not be less than the insurable value of the improvements. If this cannot be easily determined, then the coverage amount must be at least equal to the actual unpaid balance of the loan(s), or the insurer must indicate guaranteed replacement cost coverage. However, the terms of the coverage amount must fully compensate for any damage or loss on a replacement cost basis. | Funded C A |
| 1027771 | XXXX | 1151314 | 11/24/2025 | Credit | Subject Property Listed for Sale | PROP 0006 | 1 | Closed | The file is missing evidence the property was removed from the MLS prior to closing. The appraisal dated XX/XX/XXXX reflects the property was currently listed for sale. Per the guidelines, for Rate and Term & Cash Out refinance transactions, the property listing must be removed prior to closing.  | 12/04/2025 | Low LTV/CLTV/HCLTV - 34.03% LTV is below the maximum 70% LTV by 35.97%. <br>; Verified credit history - 755 Representative credit score exceeds the minimum required credit score of 680 by 75 Points. <br>; | 11/28/2025 11/28/2025 - KJ: Please see the attached documentation confirming the subject has not been listed for sale. Per the borrower's LOX, the subject was added to MLS for the purpose of renting. | 12/04/2025 Borrower LOE and listing provided. Documentation does not provide the dates that the for sale listing was removed. Review pull property on realtor.com and confirmed removal 10/30/25. <br>12/04/2025 Review pull property on realtor.com and confirmed removal 10/30/25. | Funded C A |
| 1027771 | XXXX | 1151325 | 11/24/2025 | Credit | Missing Required Property Title Search | TITL 0009 | 1 | Closed | The file is missing a 24 month chain of title from an acceptable source. The title confirms the ownership of the property to the borrower as of XX/XX/XXXX, but FraudGuard indicates there was another sale within 7 days prior (p420). Per the guidelines, all files are to contain a 24-month title history from an acceptable source.  | 12/04/2025 | Low LTV/CLTV/HCLTV - 34.03% LTV is below the maximum 70% LTV by 35.97%. <br>; Verified credit history - 755 Representative credit score exceeds the minimum required credit score of 680 by 75 Points. <br>; | 11/28/2025 11/28/2025 - KJ: Please see attached. The 24 month chain of title for the subject is present on Line 10 of Schedule C, and the transaction that took place prior to the borrower's acquisition (General Warranty Deed XXXX) was documented. | 12/04/2025 Finding is cleared. Title commitment includes 24 month chain of tile with supporting documentation. 6 month seasoning requirement is met. | Funded C A |
| 1027771 | XXXX | 1152762 | 12/04/2025 | Credit | Missing Required Fraud Tool | CRED 0089 | 1 | Closed | Missing complete copy of the comprehensive fraud report. Fraud report in file is only the summary and watchlist. | 12/16/2025 | Low LTV/CLTV/HCLTV - 34.03% LTV is below the maximum 70% LTV by 35.97%. <br>; Verified credit history - 755 Representative credit score exceeds the minimum required credit score of 680 by 75 Points. <br>; | 12/15/2025 12/15 AD: XXXX has only ever provided the loan integrity report that we provided on this loan. The rest is proprietary information. | 12/16/2025 Confirmed XXXX summary is sufficient. | Funded C A |
| 1027825 | XXXX | 1152008 | 12/01/2025 | Credit | Missing Letter of Explanation | CRED 0104 | 1 | Closed | The file is missing a letter of explanation for large deposits exceeding (redacted) of monthly income (as defined by (redacted)) that are being used to qualify. Monthly income of (redacted) was used for qualifying. The file needs a letter of explanation for deposits exceeding (redacted). Excluding non sourced deposit results in DTI of (redacted) > (redacted) max guideline. | 12/08/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points.; | 12/05/2025 12/5 CW: This transaction was not included in the income. We only used total deposits of $8516.17 for this month which were all either sourced or under the threshold. | 12/08/2025 Agree, finding is cleared. Refer to CRED 0089 resulting in DTI variance. - 12/08/2025 Agree, finding is cleared. Refer to CRED 0097. | Funded C A |
| 1027825 | XXXX | 1152121 | 12/01/2025 | Credit | Missing Verification of Liability (Contingent or Otherwise) | CRED 0097 | 1 | Closed | Borrower appears to be joint owner of property located at(redacted). Provide evidence of PITIA - (redacted)/month in property taxes was included in DTI calculation. | 01/20/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points.; | 01/08/2026 VM 01/08 Providing a copy of the ownership history obtained from the County of XXXX, XXXX. Tax Commissioner confirmed verbally that XXXX is sole owner.<br> 12/05/2025 12/5 CW: The borrower is not currently listed as the owner, that is what matters. It does not make a difference if the borrower at one point purchased the property, they are not currently an owner. <br> 12/03/2025 12/3 CW: Property Detail Report was included in file showing that XXXX is the sole owner, see attached. | 01/20/2026 Finding is cleared with the attached parcel information form the (redacted) evidencing borrower is not an owner. - 01/20/2026 Finding is cleared with the attached parcel information form the property tax commissioner evidencing borrower is not an owner.<br> 12/08/2025 Disagree, Missing transaction history to confirm ownership. Owner information does not always reflect all property owners names due to limited space.<br> 12/04/2025 Attached PDR reflects non-borrowing spouse as owner, however, borrower is listed as buyer. Missing transaction history to confirm deed was transferred out of the borrowers name. | Funded C A |
| 1027825 | XXXX | 1152757 | 12/04/2025 | Credit | Missing Required Fraud Tool | CRED 0089 | 1 | Closed | Missing complete copy of the fraud report. Fraud report in file dated (redacted) only reflects the summary and watchlist. | 12/19/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points.; | 12/08/2025 12/08/25 - KJ: The provided fraud report contained all variances and all pages of the watch list. There are no additional pages to be provided per the investor's requirement. | 12/19/2025 Finding cleared, verified fraud summary is sufficient. - 12/19/2025 Finding cleared, verified fraud summary is sufficient.<br>12/09/2025 A copy of a full comprehensive fraud report is required for securitization. Copy in file does not provide the full report, only the summary and watchlist. | Funded C A |
| 1028547 | XXXX | 1152311 | 12/02/2025 | Credit | Gift Funds not Properly Verified | CRED 0018 | 1 | Closed | Missing gift letter IAO (redacted) as reflected on CD. File contains gift letter IAO (redacted). | 12/04/2025 | Established Landlord history - Borrower has history of owning and managing investment properties file documentation and credit report. Mortgages date back to (redacted) with (redacted) months paid (redacted).; Verified credit history - Borrower has rented same property for (redacted) years with (redacted). Has minimal outstanding debt owed with balances well below high credit limits.; | 12/03/2025 12/3 tm: Per guidelines, the gift letter must specify the actual or the maximum dollar amount of the gift. The gift letter does not need to be corrected because the donor sent less. They can send up to $120,000 without needing any correction. https://selling-guide.fanniemae.com/sel/b3-4.3-04/personal-gifts | 12/04/2025 Guidelines defer to (redacted), If the actual amount of the gift received is different than the amount used to underwrite the loan casefile in (redacted), the lender may need to resubmit the loan casefile to (redacted) in accordance with (redacted), Accuracy of (redacted) Data, (redacted) Tolerances, and Errors in the Credit Report. For manually underwritten loans, the lender must verify the borrower has sufficient funds for closing, down payment and/or financial reserves. -- Finding cleared. DSCR loan is manually underwritten and verified assets are sufficient to cover cash to close and reserves, thus no correction is required. - 12/04/2025 Guidelines defer to FNMA, If the actual amount of the gift received is different than the amount used to underwrite the loan casefile in DU, the lender may need to resubmit the loan casefile to DU in accordance with B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report. For manually underwritten loans, the lender must verify the borrower has sufficient funds for closing, down payment and/or financial reserves. -- Finding cleared. DSCR loan is manually underwritten and verified assets are sufficient to cover cash to close and reserves, thus no correction is required. | Funded C A |
| 1027836 | XXXX | 1152469 | 12/02/2025 | Compliance | Missing Prepayment Penalty | PPP 0001 | 1 | Closed | Missing prepayment rider/addendum to note. Took information from mortgage rider. | 12/04/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves.; | 12/03/2025 note addendum | 12/04/2025 Finding is cleared with the attached prepayment penalty addendum. - 12/04/2025 Finding is cleared with the attached prepayment penalty addendum. | Funded C A |
| 1028184 | XXXX | 1152515 | 12/03/2025 | Credit | Missing personal guarantee(s). | NOTE 0062 | 1 | Closed | Missing personal guarantee. | 03/03/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves.; | 03/02/2026 03/02/2026 - XXXX: Please see attached. The note was signed in both the borrower's individual capacity and on behalf of their company. A personal guaranty is not required. | 03/03/2026 TPR set in error, guarantor singed the Note both individually and as (redacted). - 03/03/2026 TPR set in error, guarantor singed the Note both individually and as member. | Funded C A |
| 1028184 | XXXX | 1152516 | 12/03/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing legal descripttion to DOT. | 01/13/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves.; | 01/06/2026 CT 1/6: Please see the attached // <br>12/05/2025 CT 12/4: Please see the attached // | 01/13/2026 Exhibit A received. - 01/13/2026 Exhibit A received.<br>12/05/2025 Attached Exhibit A is part of the title commitment. Missing is the legal description that was included with the Deed of Trust. | Funded C A |
| 1029082 | XXXX | 1152046 | 12/01/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Legal Description is not attached to or contained within Mortgage. | 12/04/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/04/2025 BF 12.4.2025 - Please see the attached. | 12/04/2025 Finding is cleared with the attached copy of the mortgage that includes Exhibit A. - 12/04/2025 Finding is cleared with the attached copy of the mortgage that includes Exhibit A. | Funded C A |
| 1027801 | XXXX | 1152746 | 12/04/2025 | Property | Property Values Declining | APPR 0012 | 1 | Closed | Missing investor acknowledgment of the declining market. Per Appraiser: General market conditions appear declining property values have been adjusted downwards to reflect a current trend of decreasing home prices in the local market, based on relevant date based on sales within the subject's neighborhood supply and demand factors in balance. -- Per guidelines, The appraiser must report on the primary indicators of market condition for properties in the subject neighborhood by noting items such as: 1) the trend of property values, 2) the supply of properties in the subject neighborhood, and 3) marketing time for properties. The appraisal must be closely reviewed to insure that the appraiser is specific with regard to the impact a market decline has upon the transaction being evaluated. | 12/15/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; | 12/15/2025 12/15/2025 - KJ: The appraiser identified the subject being locating within a declining market in the Neighborhood section of the appraisal. Additionally, necessary adjustments were made via the sales comparison approach section and the appraiser provided sufficient commentary. Please advise if any additional documentation is required from the lender. | 12/15/2025 No further action is required. Guidelines do not prohibit declining markets. CDA provided supports the original appraisal value. - 12/15/2025 No further action is required. Guidelines do not prohibit declining markets. CDA provided supports the original appraisal value. | Funded C A |
| 1027801 | XXXX | 1152770 | 12/04/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing Operating Agreement for (redacted) or (redacted) letter showing borrowers ownership as required for business bank statement qualification guideline. | 12/15/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; | 12/15/2025 12/15/25 - KJ: Please see the attached CPA letter confirming 100% ownership | 12/15/2025 Finding is cleared with the attached tax preparer letter confirming (redacted) ownership. - 12/15/2025 Finding is cleared with the attached tax preparer letter confirming 100% ownership. | Funded C A |
| 1027801 | XXXX | 1152884 | 12/04/2025 | Credit | Hazard Insurance Coverage Amount is Insufficient | HAZ 0004 | 1 | Closed | Dwelling coverage of (redacted) < (redacted) cost new per appraisal. Declarations do not reflect replacement cost as being included. -- Per guidelines, The coverage amount must not<br>be less than the insurable value of the improvements. If this cannot be easily determined, then<br>the coverage amount must be at least equal to the actual unpaid balance of the loan(s), or<br>the insurer must indicate guaranteed replacement cost coverage. However, the terms of the<br>coverage amount must fully compensate for any damage or loss on a replacement cost<br>basis. | 12/15/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; | 12/15/2025 12/15/25 - KJ: Please see the attached letter from the insurance company confirming the borrower's policy was written on a replacement cost basis. | 12/15/2025 Insurer letter states, I can confirm the policy is written on a replacement cost basis and the dwelling amount is in accordance with the carriers replacement estimate. - 12/15/2025 Insurer letter states, I can confirm the policy is written on a replacement cost basis and the dwelling amount is in accordance with the carriers replacement estimate. | Funded C A |
| 1027915 | XXXX | 1153013 | 12/05/2025 | Credit | Fraud report alerts have not been addressed | FRAUD 0001 | 1 | Closed | Missing rescored fraud report with all fraud findings satisfactorily addressed. The (redacted) scoring results reflects Auto Refer. The high alert items were not cleared. | 12/09/2025 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/09/2025 The borrower sold home in 2013. Please refer to the Transaction Summary on the attached document<br>12/08/2025 Correct current Fraud Report | 12/09/2025 Finding is cleared with the attached property report and warranty deed to evidence borrower is no longer owner of (redacted). - 12/09/2025 Finding is cleared with the attached property report and warranty deed to evidence borrower is no longer owner of XXXX.<br> 12/08/2025 Finding is partially cleared with the attached fraud report. Missing documentation to evidence borrower is no longer owner of XXXX. | Funded C A |
| 1028581 | XXXX | 1152652 | 12/03/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Legal Description is not attached to or contained within Mortgage (Page 583). | 12/17/2025 | Verified reserves - 47 months of verified reserves > 9 months required.; Verified employment history - Borrower has been self employed for 7 years.; Low DTI - Low DTI of 18.40% < 50% Max.; | 12/17/2025 CT 12/17: Please see the attached // | 12/17/2025 Legal description provided. Finding cleared. | Funded C A |
| 1028581 | XXXX | 1152664 | 12/03/2025 | Compliance | Missing valid Change of Circumstance(s) | TRID 0171 | 1 | Closed | Missing explanation for the increase to the appraisal fee on XX/XX/XXXX (pg 388). COC indicates increase was due to complexity, but no explanation was provided. Appraisals are completed on standard form. The only reference to issues is the acreage on comparable properties being much larger than subject (Page 195, 168). | 01/14/2026 | Verified reserves - 47 months of verified reserves > 9 months required.; Verified employment history - Borrower has been self employed for 7 years.; Low DTI - Low DTI of 18.40% < 50% Max.; | 01/05/2026 LL 1/5 Please see the attached email from the Appraiser for the complexity of the home and increase in appraisal fees. | 01/14/2026 Appraiser explanation received. | Funded C A |
| 1028581 | XXXX | 1152685 | 12/03/2025 | Compliance | Missing revised LE after Change of Circumstance | TRID 0172 | 1 | Closed | Change of Circumstance (Page 389) issued XX/XX/XXXX does not have a corresponding disclosure in file. | 12/18/2025 | Verified reserves - 47 months of verified reserves > 9 months required.; Verified employment history - Borrower has been self employed for 7 years.; Low DTI - Low DTI of 18.40% < 50% Max.; | 12/17/2025 CT 12/17: Redisclosed LE/CDs are only required per TILA 1026.19(e)(3)(iv)(A) when the baseline for tolerances is being reset by the related COC. As the 10/23 COC did not impact pricing, the baseline for tolerances did not need to be reset so a redisclosed LE was not issued. | 12/18/2025 Per response from lender no LE was issued. | Funded C A |
| 1027895 | XXXX | 1153056 | 12/05/2025 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing the loan approval / underwriting decision. | 12/09/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/08/2025 UW approval | 12/09/2025 Finding is cleared with the attached underwriting decision. - 12/09/2025 Finding is cleared with the attached underwriting decision. | Funded D A |
| 1027895 | XXXX | 1153078 | 12/05/2025 | Property | Missing Copy of Original Appraisal report | APPR 0001 | 1 | Closed | The file is missing the full (redacted) appraisal . Per the guidelines, (redacted) full appraisal required for all transactions. The file included the (redacted) and the CDA. <br>| 12/09/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/08/2025 appraisal | 12/09/2025 Finding is cleared with the attached copy of the appraisal. - 12/09/2025 Finding is cleared with the attached copy of the appraisal. | Funded D A |
| 1027895 | XXXX | 1153080 | 12/05/2025 | Property | Missing Required Property Inspection | PROP 0003 | 1 | Closed | The file is missing the property guard report. Per the guidelines, a (redacted) report required for all short-term rentals. The report must confirm borrower has all permits necessary to operate a STR and city, county, state municipalities allow STRs <br>| 12/18/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/16/2025 report <br>12/08/2025 prop report | 12/18/2025 Finding is downgraded to EV2/B with the attached post consummation dated (redacted) report. - 12/18/2025 Finding is downgraded to EV2/B with the attached post consummation dated property guard report.<br>12/09/2025 Escalated to investor for review. | Funded C A |
| 1027895 | XXXX | 1153081 | 12/05/2025 | Credit | LTV Exceeds Max Allowed | CRED 0010 | 2 | Acknowledged | The LTV of (redacted) exceeds the max allowed LTV of (redacted). Per the guidelines, max LTV of (redacted) for short term rentals. The file included the (redacted) earnings report from (redacted) for the subject property. <br>|  | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/08/2025 EXCEPTION WAS APPROVED | 12/09/2025 EV2/B - Investor Acknowledged Exception | Funded C B |
| 1028014 | XXXX | 1152801 | 12/04/2025 | Compliance | The Lender Credit and/or the Principal Reduction was not sufficient to overcome the total fee variance. | TRID 0205 | 2 | Acknowledged | Missing COC for decrease in general lender credit on CD issued (redacted) from (redacted) to CD issued (redacted) of (redacted). -- A Lender Credit for Excess Charges of (redacted), Principal Reduction for Excess Charges of (redacted), and general or specific lender credit increases of (redacted) were applied to the total fee variance of (redacted) between the baseline disclosure and the actual fee amounts. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified occupancy in subject property - Borrowers have occupied the subject property for (redacted) years.; | 12/29/2025 tracking shows shipped<br>12/24/2025 Cure<br>12/16/2025 NOLC LOX | 12/30/2025 EV2/B - Finding is downgraded to EV2/B with the attached courier tracking receipt evidencing delivery to borrower of the cure package previously provided via stip presentment on 12/26.<br> 12/26/2025 Finding can be downgraded to EV2/B upon evidence that the package has been shipped to borrower within 60 days of consummation. Received PCCD, cover letter, refund check $5,075, and courier tracking receipt evidencing that the label has been created (XXXX).<br> 12/18/2025 Recd from lender: Mortgage tax was removed and lender credit was not lowered as it was there to pay the lender paid mtg tax and there wasn't any to pay. Therefore it was a wash and Notice of Loan Change was not needed.<br> Please see the initial CD, when the lender paid mtg tax was on page 2, page 1 reflect 0 in lender credit as it goes directly to mtg tax. It's our fee. The system does not evidence a NOLC was needed for this.<br>\*\*Finding remains, LE dated 11/05/25 pg 252 does not reflect a mortgage tax, just a lump sum credit of $6875. Initial CD dated 11/10/25 does not reflect any lender credit. A COC explaining this change should have been provided to the borrower. --Lender Credits (Comment 19(e)(3)(i)-5 and -6) Zero percent tolerance violation when a change in lender credit results in an increased charge to the consumer, when the total amount of lender credits, whether specific or general, actually provided to the consumer is compared to the amount of the "lender credits" disclosed in the Total Closing Costs on the LE. For purposes of determining lender credit tolerance, lender credit on the CD is calculated by adding the lump sum lender credit disclosed on Section J of the CD (less any amounts designated for tolerance cures) and total of itemized fees paid by lender as reflected in paid by others column but only if the fee was previously disclosed to consumer on the loan estimate or applied to a fee that is not otherwise subject to tolerance. This methodology captures potential circumvention of tolerance violations through the addition of fees shown as lender paid on the CD that were not contemplated by the consumer at the time the lump sum lender credit was disclosed on the LE. | Funded C B |
| 1028116 | XXXX | 1153154 | 12/06/2025 | Credit | Missing personal guarantee(s). | NOTE 0062 | 1 | Closed | Missing personal guarantee, (redacted), for vesting held in the name of (redacted). | 12/12/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max.; Verified reserves - (redacted) months of cash out reserves > (redacted) months required.; | 12/10/2025 Borrower signed Note as individual and as member. Please clear | 12/12/2025 Cleared, TPR Error. Note executed as Managing Member and individually. - 12/12/2025 Cleared, TPR Error. Note executed as Managing Member and individually. | Approved C |
| 1028116 | XXXX | 1153156 | 12/06/2025 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final (redacted) application does not list/contain the primary residence in schedule of real estate located at (redacted). |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max.; Verified reserves - (redacted) months of cash out reserves > (redacted) months required.; | 02/06/2026 02.06 vm Borrowers primary residence is appearing on the initial 1003 and we have a mortgage rating, can this Suspense item be downgraded and cleared? | 02/09/2026 EV2/B - Loan file includes the mortgage billing statement that identifies the mortgage related to primary residence. | Approved C B |
| 1028127 | XXXX | 1152913 | 12/04/2025 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 1 | Closed | Missing Seller CD. | 12/12/2025 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self employed as a barber for (redacted) years.; | 12/10/2025 Seller Closing Disclosure | 12/12/2025 Finding is cleared with the attached copy of the seller cd. - 12/12/2025 Finding is cleared with the attached copy of the seller cd. | Funded C A |
| 1028243 | XXXX | 1153187 | 12/06/2025 | Property | Property Values Declining | APPR 0012 | 1 | Closed | Missing investor acknowledgement of the declining market. Per Appraiser: Based on the market analysis, supported by the provided charts, it is appropriate to consider the market as declining overall over the past (redacted) months. However, property value trends have not been linear. | 12/15/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 12/12/2025 12/12/25 - KJ: The appraiser confirmed declining market trend in the Neighborhood section. There is no additional action to be taken by the lender. | 12/15/2025 Guidelines do not explicitly prohibit declining markets. SSR Score < (redacted). - 12/15/2025 Guidelines do not explicitly prohibit declining markets. SSR Score < 2.5.<br>12/15/2025 Guidelines do not explicitly prohibit declining markets. SSR Score < 2.5. | Funded C A |
| 1028111 | XXXX | 1152975 | 12/05/2025 | Compliance | Missing PUD Rider | DEED 0007 | 1 | Closed | Missing PUD Rider. Title Commitment and Appraisal refers to property is a Planned Unit Development type. | 03/03/2026 | Verified reserves - 31 months of verified reserves when GL required 3.; Verified employment history - Borrower has been employed with same employer for 4.5 years.; Verified occupancy in subject property - Borrower has occupied the subject property for XX years.; | 03/03/2026 Deed, Corrected Page 2 + Signed PUD and LOI to rerecord.<br>02/24/2026 SCRIVENERS AFFIDAVIT | 03/03/2026 Corrected Mortgage w/executed PUD rider received with a letter of intent to re-record. - 03/03/2026 Corrected Mortgage w/executed PUD rider received with a letter of intent to re-record received.<br>03/03/2026 Missing evidence that the Mortgage with the PUD rider was sent for re-recording.<br>03/03/2026 Missing evidence that the Mortgage with the PUD rider was sent for re-recording. | Funded C A |
| 1028111 | XXXX | 1153199 | 12/06/2025 | Credit | Missing Tax Transcript(s) | CRED 0091 | 2 | Acknowledged | Missing wage transcripts for years 2023 and 2024. |  | Verified reserves - 31 months of verified reserves when GL required 3.; Verified employment history - Borrower has been employed with same employer for 4.5 years.; Verified occupancy in subject property - Borrower has occupied the subject property for XX years.; | 01/29/2026 attached<br> 12/19/2025 Hello, Will you accept transcripts from XXXX? | 01/30/2026 EV2/B Finding is downgraded with the attached two years wage transactipts.<br>12/19/2025 IB has escalated to LR to verify. | Funded C B |
| 1028513 | XXXX | 1152988 | 12/05/2025 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Missing Final Application executed by the borrower. |  | Verified reserves - 59 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self employed for 7.5 years.; | 12/17/2025 Please see attached document for review. | 12/19/2025 EV2/B Final CD executed by the borrower 12/10/25 received. Document executed post-consummation. | Funded C B |
| 1028513 | XXXX | 1152990 | 12/05/2025 | Credit | Missing Prior Housing Payment | APP 0023 | 2 | Acknowledged | Application states there is no primary housing expense. Rent free page letter w/exception approval (pg 660-661). |  | Verified reserves - 59 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self employed for 7.5 years.; |  | 12/08/2025 EV2/B - Investor Acknowledged Exception. | Funded C B |
| 1028513 | XXXX | 1153208 | 12/07/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing business narrative that includes number of employees. | 12/19/2025 | Verified reserves - 59 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self employed for 7.5 years.; | 12/17/2025 Please see attached for review. | 12/19/2025 Executed business narrative received. | Funded C A |
| 1028513 | XXXX | 1153383 | 12/08/2025 | Credit | Missing Evidence of Verified Property Tax and / or Homeowners Insurance Information | CRED 0103 | 1 | Closed | Missing documented tax and HOA liabilities for the following REO:<br> XXXX | 12/19/2025 | Verified reserves - 59 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self employed for 7.5 years.; | 12/17/2025 Please see attached documents for review. | 12/19/2025 Verification of taxes and LOE from borrower confirming no HOA fees received. Taxes updated. DTI variance is less than 1%. | Funded C A |
| 1028154 | XXXX | 1153102 | 12/05/2025 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 1 | Closed | Missing ABD or lender attestation that there are no affiliated relationships to disclose. Privacy/Facts disclosure was not provided in file. | 12/12/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max.; Verified employment history - Borrower has been employed as a physician for (redacted) years.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 12/11/2025 ABD | 12/12/2025 Finding is cleared with the attached ABD. - 12/12/2025 Finding is cleared with the attached ABD. | Funded C A |
| 1028154 | XXXX | 1153233 | 12/08/2025 | Credit | Missing Tax Transcript(s) | CRED 0091 | 1 | Closed | Missing wage transcripts for (redacted). | 01/08/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max.; Verified employment history - Borrower has been employed as a physician for (redacted) years.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 01/05/2026 2023 - 2024 Wage transcripts | 01/08/2026 Finding is cleared with the attached wage transcripts. - 01/08/2026 Finding is cleared with the attached wage transcripts. | Funded C A |
| 1028154 | XXXX | 1153234 | 12/08/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing trust docs to support trust payment of (redacted) property. Missing (redacted) months of payment history validating paid by trust. See loan approval. Borrowers credit report reflects she is the borrower on this lien to (redacted) at (redacted). | 12/12/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max.; Verified employment history - Borrower has been employed as a physician for (redacted) years.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 12/11/2025 Desert View property please see | 12/12/2025 Finding is cleared with the attached (redacted) months trust statements validating that the mortgage is being paid by trust. - 12/12/2025 Finding is cleared with the attached 12 months trust statements validating that the mortgage is being paid by trust. | Funded C A |
| 1029236 | XXXX | 1153035 | 12/05/2025 | Compliance | NMLS IDs do not match | NMLS 0011 | 2 | Acknowledged | NMLS for Originating Lender (Individual) on Final CD is XXXX. NMLS for Originating Lender (Individual) on Note, Mortgage, and Application is XXXX. Name listed on Loan Documents also does not match listed name on the CD. |  | Verified reserves - 11 months of verified reserves.; Verified employment history - Borrowers have been self employed for 4.9 years.; | 12/16/2025 Please see LOX for PCCD<br>12/12/2025 Please see PCCD | 12/16/2025 EV2/B Post-Closing Corrective Action - LOE to borrower and corrective PC CD received.<br>12/12/2025 Finding can be downgraded to EV2/B upon receipt of the cover letter addressed to borrower addressing the reason for re-disclosure. US Mailbox Rule to be applied. | Funded C B |
| 1029236 | XXXX | 1153393 | 12/08/2025 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing lender loan approval / underwriting decision. Only 1008 provided in file. | 12/09/2025 | Verified reserves - 11 months of verified reserves.; Verified employment history - Borrowers have been self employed for 4.9 years.; | 12/09/2025 Please see UW Decision | 12/09/2025 Finding is cleared with the attached underwriting decision. | Funded C A |
| 1028762 | XXXX | 1153216 | 12/07/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing borrower executed Business Purpose and Occupancy Affidavit. Affidavit is not complete or signed. | 12/12/2025 | Verified reserves - 37 months of verified reserves when GL required 6.; Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since 02/2020.; | 12/10/2025 Business Purpose and Occupancy Affidavit. | 12/12/2025 Finding is cleared with the attached borrower signed business purpose and occupancy affidavit. - 12/12/2025 Finding is cleared with the attached borrower signed business purpose and occupancy affidavit. | Funded C A |
| 1028762 | XXXX | 1153217 | 12/07/2025 | Credit | Missing evidence of Hazard Insurance | HAZ 0005 | 1 | Closed | Missing evidence of H06 hazard insurance. Proof of payment on HUD. Guidelines require (redacted) months of rent loss coverage. | 12/12/2025 | Verified reserves - 37 months of verified reserves when GL required 6.; Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since 02/2020.; | 12/10/2025 HO-6 | 12/12/2025 Finding is cleared with the attached HO6 with (redacted) months rent loss coverage. - 12/12/2025 Finding is cleared with the attached HO6 with 6 months rent loss coverage. | Funded D A |
| 1027763 | XXXX | 1153330 | 12/08/2025 | Credit | Potential Flip Transaction | PROP 0007 | 2 | Acknowledged | Missing investor acknowledgement for flip transaction. Seller purchased property XX/XX/XX for $XXX and fully renovated kitchen with new appliances and new fixtures. |  | Verified employment history - B1 has been self employed for 4.23 years. B2 has been with employer for 4.97 years.; Minimal outstanding debt - Credit report reflects minimal outstanding debt owed with balances well uner high credit limits.; |  | 12/30/2025 EV2/B Investor Acknowledged Exception - Email received from XXXX ok to accept. | Funded C B |
| 1027763 | XXXX | 1153669 | 12/09/2025 | Property | Non-Warrantable Condominium | COND 0011 | 2 | Acknowledged | Lender noted: The Project Review Escalation Team recommends an XXXX Limited Review approval for this condo project review for the following reason(s):<br> - The condo project is not a condotel but must be priced NWC for being transient in nature.<br> - The max LTV/CLTV is 75% due to this being an investment transaction but the rental ratio being over 80% (XXXX max). Currently 90 out of 96 are investment occupancy (94%).<br> --Per guidelines, Investor concentration max is 80%. |  | Verified employment history - B1 has been self employed for 4.23 years. B2 has been with employer for 4.97 years.; Minimal outstanding debt - Credit report reflects minimal outstanding debt owed with balances well uner high credit limits.; |  | 12/09/2025 EV2/B - Investor lock reflects pricing adjustment for the non-warrantable condo thus documenting acknowledgement of the non-warrantable condo. | Funded C B |
| 1027763 | XXXX | 1153675 | 12/09/2025 | Credit | Missing Evidence of Verified Property Tax and / or Homeowners Insurance Information | CRED 0103 | 1 | Closed | Missing documentation to support the qualifying HOA fee of $1201.35/month used by lender and noted on 1008 page 932. Appraisal reflects $209. HOA Questionnaire indicates unit owners are paying special assessments, but total HOA fee is not provided. | 12/11/2025 | Verified employment history - B1 has been self employed for 4.23 years. B2 has been with employer for 4.97 years.; Minimal outstanding debt - Credit report reflects minimal outstanding debt owed with balances well uner high credit limits.; | 12/11/2025 HOA addendum | 12/11/2025 HOA Addendum to the purchase agreement received. HOA fee of $1201.35 verified. - 12/12/2025 HOA Addendum to the purchase agreement received. HOA fee of $1201.35 verified. | Funded C A |
| 1028006 | XXXX | 1153537 | 12/09/2025 | Compliance | Missing evidence of the Seller HUD1 | HUD 0027 | 2 | Acknowledged | Missing seller's CD/HUD1/ALTA to document the seller's side of the purchase transaction. |  | Verified employment history - Per the (redacted) letter, the borrower has owned their business for (redacted) years.; Low DTI - DTI (redacted), up to (redacted) acceptable; Verified credit history - FICO (redacted), minimum required (redacted).; |  | 12/09/2025 EV2/B Non-Material | Funded C B |
| 1028006 | XXXX | 1153556 | 12/09/2025 | Credit | Asset Documentation is Insufficient | CRED 0083 | 2 | Acknowledged | Missing joint access letter for business accounts. Accounts (redacted) are needed to meet cash to close and the reserves requirement, borrower is short (redacted) cash to close in personal funds. Per the (redacted) letter the borrower is (redacted) owner, missing letter from the other owner confirming access to the funds as required per guidelines. |  | Verified employment history - Per the (redacted) letter, the borrower has owned their business for (redacted) years.; Low DTI - DTI (redacted), up to (redacted) acceptable; Verified credit history - FICO (redacted), minimum required (redacted).; | 01/02/2026 Please reconsider. The CPA letter states that the borrower owns 50% of the business and that withdrawal of business funds will not negatively impact the business. Using a 50% balance in each business account, the total is $45,919, of which only $2,333 is needed for CTC. Please note that although the XXXX business account does not list account owner names for XXXX., the XXXX business account shows the borrower's name for the debit card and electronic withdrawals. See pages 446, 450. Borrower has access to this account and it stands to reason that he also has access to 2589. Both accounts are in the name of XXXX.. Using 50% of the business account balances covers any shortage of CTC/reserves. Thank you!<br> 12/23/2025 LoX<br> 12/17/2025 Hello, Team is saying it was registered and showing as DU Program.<br> 12/12/2025 Hello, Is this loan showing as DU Non-QM? Per Team, "Please advise the reviewer that this a DU Non QM and should follow DU/Non-QM Underwriting Guidelines v1.7<br> There is no mention of obtaining access letter in the DU/Non-QM Underwriting Guidelines v1.7, <br>Its listed in the XXXX Underwriting Guidelines v1.8 but not in the DU/Non-QM Underwriting Guidelines v1.7." | 01/08/2026 EV2/B - Investor accepts the CPA letter to document access to funds. Investor is in the process of combining NQM and NQM DY product guidelines, Current NQM guidelines allows for the use of a CPA letter.<br> 01/08/2026 Escalated to investor for review.<br> 12/26/2025 Business assets are needed to satisfy cash to close / reserve requirements. Per FNMA, The borrower must be listed as an owner of the account. Missing screen print from the financial institution reflecting borrower's name to document access to the account, a letter from the institution confirming borrower has access to the account, access letter from the other owner, or a copy of the operating agreement that confirms borrower has direct access to the funds.<br> 12/18/2025 Loan re-reviewed to DU NQN guideline. -- Finding remains. Borrower is not listed as an account owner. -- Per FNMA, Business assets may be an acceptable source of funds for the down payment, closing costs, and financial reserves. The borrower must be listed as an owner of the account and the account must be verified in accordance with B3-4.2-01, Verification of Deposits and Assets.<br> 12/12/2025 Final loan approval reflects XXXX NQM program, not DU NQM. | Funded C B |
| 1028157 | XXXX | 1153185 | 12/06/2025 | Compliance | HPML Appraisal Requirements are Not Met | APPR 0044 | 2 | Acknowledged | Missing Appraiser's executed certification stating the appraisal was prepared in accordance with Title XI of FIRREA and any implementing regulations. |  | Low LTV/CLTV/HCLTV - Low LTV of 57.82%.; Verified employment history - Borrower has been self employed for 19.8 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 5 years.; | 12/16/2025 12/16 AD: Page 6 states "Appraisal Report; Prepared in Accordance with USPAP Standards Rule 2-2(a) "This report was prepared in accordance with the requirements of the Appraisal Report option of USPAP." which is apart of Title XI of FIRREA. | 12/18/2025 EV2/B Non-Material | Funded C B |
| 1028157 | XXXX | 1153610 | 12/09/2025 | Credit | Final 1003 Application is Incomplete | APP 0002 | 1 | Closed | Missing schedule of real estate owned on final 1003 application. Since initial application was submitted borrower received a final divorce decree, page 440, that divided his real estate between he and his spouse. For properties listed as XXXX, file contains an LOX, pg 124, that they should be XXXX. UTD if to be Terrace #A and Terrace #B or if they are both listed as Terrace #A. In addition, these two are not located on divorce decree. Divorce decree, pg 450, list XXXX acres with parcel ID XXXX. UTD identify what this is as it relates to schedule of real estate with a physical address. | 12/19/2025 | Low LTV/CLTV/HCLTV - Low LTV of 57.82%.; Verified employment history - Borrower has been self employed for 19.8 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 5 years.; | 12/16/2025 12/16 AD: The finding is correct that these two properties are one in the same and it does not mention the property in the divorce decree. Rather, the borrower addressed this in the letter of explanation that this is in the LLC. I have attached documentation verifying as such. Additionally, the Vacant Land (XXXX) was not included in the ratios. With the tax amount used on the property profile report attached here, DTI increases less than 3%. | 12/19/2025 LOE Received, Properties verified to be owned by LLC and thus do not have to disclosed as personal REO on the 1003. | Funded C A |
| 1028978 | XXXX | 1153715 | 12/10/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing legal description to deed of trust. | 02/05/2026 | Verified employment history - Borrower has been self employed for (redacted) years.; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 02/04/2026 2/4 AMB: Please see the attached Deed of Trust with the Legal Description on page 22. | 02/05/2026 Finding is cleared with the attached with security affidavit and exhibit A. - 02/05/2026 Finding is cleared with the attached with security affidavit and exhibit A. | Approved C |
| 1029113 | XXXX | 1153673 | 12/09/2025 | Credit | Missing Business Purpose Attestation | CRED 0112 | 1 | Closed | Missing signed certification of business purpose as required per guidelines, which must include:<br>- Borrower name and address<br>- Borrower's intent for the use of cash out proceeds<br>- Borrower confirmation that thy will not occupy the property and will lease it out.<br>File includes a signed business purpose affidavit at the time of application (p216), but none signed at closing or that include the use of cash out proceeds. | 12/12/2025 | Verified reserves - 3 months reserves or $4,437.30 required, borrower has 7.49 months or $11,077.19 in liquid assets, and will receive an additional $49,770.11 in cash out proceeds - total reserves verified 41.14 months or $60,847.30.; Verified credit history - FICO 753, minimum required 700; | 12/10/2025 LI 12/10 Disagree. The Business purpose certificate is only require at or before closing. The Disclosure signed at initial is compliant and confirms the borrower is not occupying the home and is not using the funds for personal use. If you disagree, provide a Regulation stating this is required. <br> 12/11/2025 12/11/25 Email sent to XXXX to verify if affidavit is sufficient. | 12/12/2025 Business Purpose Attestation is acceptable. | Funded D A |
| 1029113 | XXXX | 1153682 | 12/09/2025 | Credit | Missing Required Fraud Tool | CRED 0089 | 1 | Closed | Missing complete fraud report, the FraudGuard in the file only includes the participant watchlist (p411). | 12/18/2025 | Verified reserves - 3 months reserves or $4,437.30 required, borrower has 7.49 months or $11,077.19 in liquid assets, and will receive an additional $49,770.11 in cash out proceeds - total reserves verified 41.14 months or $60,847.30.; Verified credit history - FICO 753, minimum required 700; | 12/17/2025 12/17 tm: Please clear. XXXX fromXXXX confirmed this should no longer be cited. <br> 12/10/2025 12/10 tm: XXXX is only required to provide the variances and the watch list, both of which were provided with the initial loan package. We will not be providing any additional pages. | 12/18/2025 Confirmed fraud summary is sufficient.<br>12/12/2025 \*\*Finding remains, Loan is for Securitization which requires a comprehensive fraud report. | Funded C A |
| 1029140 | XXXX | 1153789 | 12/10/2025 | Credit | Missing Business Purpose Attestation | CRED 0112 | 1 | Closed | Missing cash out purpose letter. | 12/12/2025 | Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 12/11/2025 LI 12/11 Please see attached Business purpose Cert | 12/12/2025 Business Purpose Attestation accepted. - 12/12/2025 Business Purpose Attestation accepted. | Funded D A |
| 1029140 | XXXX | 1153813 | 12/10/2025 | Credit | Credit Documentation is Insufficient | CRED 0093 | 2 | Acknowledged | The file is missing the mortgage payment history for the following properties:(redacted); (redacted); (redacted); (redacted); (redacted); (redacted); (redacted); (redacted); |  | Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 02/19/2026 XXXX approves an exception for the missing mortgage payment histories and request the suspense item to be downgraded to B. This aligns with XXXX guidelines which only require a housing history for the primary.<br> 12/22/2025 12/22 CW: Please clarify which guidelines you are reading from. The guidelines this loan was underwritten to and the investor agreed to state "The Borrower's previous housing payment history is required. The file must contain verification of the Borrower's 12-month payment history on the subject property and the borrower's primary only."<br> 12/16/2025 12/16 CW: Per the agreed upon guidelines, a 12 month mortgage payment history is only required for the Subject and the borrower's primary. | 02/19/2026 EV2/B - Investor Acknowledged Exception.<br> 02/19/2026 Escalated to investor for review.<br> 12/22/2025 XXXX Investor Flex Guidelines_02.24.25 - Mortgage/Rental Payment History and Mortgage Payment History pgs 13-14 of the guide. <br> 12/19/2025 Finding remains, Per guideline "The file must contain verification of the Borrower's 12-month mortgage payment history on the primary residence (if applicable), and any mortgage loans on Second/Vacation Home or Investment Property." Variance from the guidelines would require an Investor Exception. | Funded C B |
| 1029140 | XXXX | 1153949 | 12/10/2025 | Credit | Unacceptable Credit History | CRED 0009 | 1 | Closed | Missing documentation to verify file date and status of Chapter (redacted) BK. Per borrower LOE mortgage debts were paid off in (redacted) proceeding. | 12/19/2025 | Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 12/16/2025 12/16 CW: LOE states this was done in 2009, well outside of the waiting period. Credit report also confirms no recent bankruptcies that would be within the waiting period. | 12/19/2025 Filling was well out side the waiting period of (redacted) years, cleared. - 12/19/2025 Filling was well out side the waiting period of 4 years, cleared. | Funded C A |
| 1029140 | XXXX | 1153950 | 12/10/2025 | Credit | Fraud report alerts have not been addressed | FRAUD 0001 | 1 | Closed | Missing complete copy of updated and re-scored (redacted) Report. | 12/16/2025 | Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 12/16/2025 12/16 CW: All required information was included on Fraud Report including summary, variances, and watch list. See attached. | 12/16/2025 Confirmed XXXX summary is sufficient. - 12/16/2025 Confirmed XXXX summary is sufficient. | Funded C A |
| 1029140 | XXXX | 1153951 | 12/10/2025 | Credit | Missing Evidence of Ownership of Free and Clear Property | CR 0011 | 2 | Acknowledged | Missing documentation to verify the following REO disclosed on the (redacted) are owned free and clear: (redacted); (redacted); (redacted)r. |  | Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 02/19/2026 XXXX approves an exception for the missing evidence of ownership of free and clear properties and request the suspense item to be downgraded to B. This aligns with XXXX guidelines which only require a housing history for the primary.<br> 12/22/2025 12/22 CW: Please clarify which guidelines you are reading from. The guidelines this loan was underwritten to and the investor agreed to state "The Borrower's previous housing payment history is required. The file must contain verification of the Borrower's 12-month payment history on the subject property and the borrower's primary only."<br> 12/16/2025 12/16 CW: This is a DSCR loan, not reporting on credit is sufficient evidence of free and clear as the payments are not counted against the borrower regardless of if it is free and clear or not. | 02/19/2026 EV2/B - Investor Acknowledged Exception.<br> 02/19/2026 Escalated to investor for review.<br> 12/22/2025 XXXX Investor Flex Guidelines_02.24.25 - Mortgage/Rental Payment History and Mortgage Payment History pgs 13-14 of the guide. <br> 12/19/2025 Finding remains, proof of ownership free and clear required. Per guideline "The file must also contain a 12-month payment history (or since origination, whichever is less) for all mortgages (including subordinate liens). Mortgage history must be verified from the credit report and other acceptable documentation, such as a Verification of Mortgage (VOM) completed by a financial institution. | Funded C B |
| 1029257 | XXXX | 1153487 | 12/09/2025 | Compliance | Missing CD(s). | TRID 0208 | 1 | Closed | Missing copy of CD issued 11/12/25. COCs in file (pg 386-387) confirm Rate change and Disclosure tracking confirms borrower receipt XX/XX/XXXX (pg 583). <br>Missing copy of CD issued XX/XX/XXXX. COCs in file (pg 388-389) confirm Borrower Requested Rate change and Disclosure tracking confirms borrower receipt XX/XX/XXXX (pg 584). <br>Missing copy of CD issued XX/XX/XXXX. COCs in file (pg 390) confirm Rate change and Disclosure tracking confirms borrower receipt XX/XX/XXXX (pg 584).<br>Missing copy of CD issued XX/XX/XXXX. COCs in file (pg 391) confirm Borrower Requested Rate change and Disclosure tracking confirms borrower receipt XX/XX/XXXX (pg 584).<br>\*\*Final Compliance review is pending receipt of all disclosures. \*\* | 12/15/2025 | Verified credit history - 712 Representative credit score exceeds the minimum required credit score of 640.; Verified housing payment history - 0x30 mortgage history for 308 months. <br>; Low DTI - DTI is 3.30% w/a max allowed of 50%.; | 12/15/2025 LI 12/15 Please see the attached TRID Disclosure History and initial Closing disclosures that shows the borrower was sent the initial Closing Disclosure on XXXX. This meets the 3 business days before the closing date of XX/XX/XXXX | 12/15/2025 Finding is cleared with the attached interim CDs. | Funded C A |
| 1029257 | XXXX | 1153491 | 12/09/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Legal Description is not attached to or contained within Mortgage (Page 512). | 12/16/2025 | Verified credit history - 712 Representative credit score exceeds the minimum required credit score of 640.; Verified housing payment history - 0x30 mortgage history for 308 months. <br>; Low DTI - DTI is 3.30% w/a max allowed of 50%.; | 12/16/2025 12/16 TT: please see attached | 12/16/2025 Legal description received. | Funded C A |
| 1029257 | XXXX | 1153495 | 12/09/2025 | Compliance | Missing valid Change of Circumstance(s) | TRID 0171 | 1 | Closed | Missing COC for LE issued XX/XX/XXXX. Appraisal Fee increased. | 12/15/2025 | Verified credit history - 712 Representative credit score exceeds the minimum required credit score of 640.; Verified housing payment history - 0x30 mortgage history for 308 months. <br>; Low DTI - DTI is 3.30% w/a max allowed of 50%.; | 12/15/2025 LI 12/15 Please see the attached Final Closing Disclosure and Tolerance Cure breakdown which shows the borrower was provided a credit at closing for the increase in the Appraisal Fee. | 12/15/2025 Agree, credit to cure was applied at closing. | Funded C A |
| 1029257 | XXXX | 1154071 | 12/11/2025 | Credit | Fraud report alerts have not been addressed | FRAUD 0001 | 1 | Closed | Missing complete comprehensive fraud report w/all alerts addressed sufficiently. | 12/16/2025 | Verified credit history - 712 Representative credit score exceeds the minimum required credit score of 640.; Verified housing payment history - 0x30 mortgage history for 308 months. <br>; Low DTI - DTI is 3.30% w/a max allowed of 50%.; | 12/16/2025 12/16 TT: please see attached | 12/16/2025 Confirmed XXXX summary is sufficient. | Funded C A |
| 1029267 | XXXX | 1153517 | 12/09/2025 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 1 | Closed | Missing the Affiliated Business Disclosure. No FACTS disclosure located in file. If lender has no affiliates an attestation may be provided. <br>| 12/30/2025 | Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified employment history - (redacted) years of self-employment verified.; | 12/29/2025 . | 12/30/2025 Finding is cleared with the attached lender attestation confirming that there are no affiliated business relationships to disclose, thus no ABD required. - 12/30/2025 Finding is cleared with the attached lender attestation confirming that there are no affiliated business relationships to disclose, thus no ABD required. | Funded C A |
| 1029267 | XXXX | 1153520 | 12/09/2025 | Compliance | Cannot Reconcile LE / CD Versioning | TRID 0137 | 1 | Closed | Missing LE/CD that corresponds with the COC on with the date of change of (redacted) and date of re-disclosure of (redacted). COC reason customer requested. \*\*Final compliance review pending \*\* | 12/30/2025 | Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified employment history - (redacted) years of self-employment verified.; | 12/30/2025 . | 12/30/2025 Finding is cleared with the attached interim LE. - 12/30/2025 Finding is cleared with the attached interim LE. | Funded C A |
| 1028059 | XXXX | 1153746 | 12/10/2025 | Compliance | Initial Loan Estimate Sent Date > 3 Business Days from Application Date (Enterprise Rule) | TRID 0027 | 1 | Closed | Missing Initial LE issued w/in (redacted) business days of the initial application date (redacted). - The Initial Disclosure Date (redacted) is more than (redacted) business days from the Application Date (redacted). Three business days from the Application Date is (redacted). Under Regulation Z, a Loan Estimate must be delivered or placed in the mail not later than the third business day after receiving a consumer's application.(redacted) | 12/16/2025 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Verified reserves - Reserves required are (redacted) months for subject and (redacted) months for each of the (redacted) REO properties. The borrower(s) have reserves with verified liquid assets of (redacted) months.; | 12/16/2025 Initial LE | 12/16/2025 Initial executed LE dated (redacted) received. - 12/16/2025 Initial executed LE dated 10/21/25 received. | Funded C A |
| 1028059 | XXXX | 1153747 | 12/10/2025 | Compliance | Closed-End Finance Charge Rescission Tolerance | TRID 0086 | 1 | Closed | Review is based on Index of (redacted) from Approval. -- The disclosed finance charge (redacted) is less than the actual finance charge (redacted) by (redacted). For rescission purposes, the Truth in Lending Act considers the finance charge inaccurate if it is understated by more than half of (redacted) of the note amount (redacted) or (redacted), whichever is greater. (redacted) | 12/15/2025 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Verified reserves - Reserves required are (redacted) months for subject and (redacted) months for each of the (redacted) REO properties. The borrower(s) have reserves with verified liquid assets of (redacted) months.; |  | 12/15/2025 Finding cleared using the attached lender provided index of 4.032 on compliance resubmission. (Refer TRID 0089 Presentment) - 12/15/2025 Finding cleared using the attached lender provided index of 4.032 on compliance resubmission. (Refer TRID 0089 Presentment) | Funded C A |
| 1028059 | XXXX | 1153750 | 12/10/2025 | Compliance | Disclosed Finance Charge Must Be >= Actual Finance Charge - $35 | TRID 0089 | 1 | Closed | Review is based on Index of (redacted) from Approval. -- The disclosed finance charge (redacted) is (redacted) below the actual finance charge (redacted). For rescission after initiation of foreclosure, the Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than (redacted) below the actual finance charge. (redacted) | 12/15/2025 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Verified reserves - Reserves required are (redacted) months for subject and (redacted) months for each of the (redacted) REO properties. The borrower(s) have reserves with verified liquid assets of (redacted) months.; | 12/15/2025 Please see Seller's compliance report, page 669. | 12/15/2025 Finding cleared using the attached lender provided index of (redacted) on compliance resubmission. - 12/15/2025 Finding cleared using the attached lender provided index of 4.032 on compliance resubmission. | Funded C A |
| 1028059 | XXXX | 1153751 | 12/10/2025 | Compliance | List of Settlement Service Providers Sent Date > 3 Business Days from Application Date (Enterprise Rule) | TRID 0048 | 1 | Closed | Missing copy of the Service provider issued w/in (redacted) business days of the initial application date (redacted). | 12/16/2025 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Verified reserves - Reserves required are (redacted) months for subject and (redacted) months for each of the (redacted) REO properties. The borrower(s) have reserves with verified liquid assets of (redacted) months.; | 12/16/2025 Initial LE with SPL | 12/16/2025 SPL dated (redacted) received. - 12/16/2025 SPL dated 10/21/25 received. | Funded C A |
| 1028059 | XXXX | 1154032 | 12/11/2025 | Credit | Income Calculation Discrepancy | CRED 0084 | 1 | Closed | Unable to determine the source of "Other Income" on the final (redacted) and the (redacted). This income was not used at audit. Review DTI excluding this income is (redacted) which is an increase of less than (redacted) and is less than the maximum allowed (redacted) DTI. \*\*Final DTI is pending receipt of (redacted) income documentation \*\* | 01/20/2026 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Verified reserves - Reserves required are (redacted) months for subject and (redacted) months for each of the (redacted) REO properties. The borrower(s) have reserves with verified liquid assets of (redacted) months.; | 01/08/2026 1008 and 1003<br>12/26/2025 Please waive/downgrade, program permits DTI to 55.<br>12/22/2025 2023 income was provided, please clear | 01/20/2026 Finding re-reviewed and cleared. Up to (redacted) of the (redacted) other income reported on the (redacted) does not have to be deducted as there are two years documented receipt to support that the other income is recurring. After deducting the dividend/distributions the DTI increased to (redacted), which is < (redacted) variance from the original approved DTI of (redacted). Income calculation discrepancy is deemed non-material. - 01/20/2026 Finding re-reviewed and cleared. Up to $80K of the 2024 other income reported on the 1120 does not have to be deducted as there are two years documented receipt to support that the other income is recurring. After deducting the dividend/distributions the DTI increased to 50.92%, which is < 3% variance from the original approved DTI of 52.81%. Income calculation discrepancy is deemed non-material.<br> 01/09/2026 Received updated 1008/1003. -- Finding remains. Missing investor acknowledgement for the qualifying DTI of 57.356% > 55% Max allowed.<br> 12/26/2025 If the other income source was not to be considered provide an updated 1008/1003 to support.<br> 12/22/2025 The 2023 Income docs did not validate the other income. If the income is to be included provide income calculation to verify source. | Funded C A |
| 1028059 | XXXX | 1154033 | 12/11/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing the (redacted) personal and business tax returns. The lender income worksheet shows both the (redacted) and (redacted) business tax returns were used to calculate the income. Final DTI is pending. | 12/19/2025 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Verified reserves - Reserves required are (redacted) months for subject and (redacted) months for each of the (redacted) REO properties. The borrower(s) have reserves with verified liquid assets of (redacted) months.; | 12/18/2025 2023 Personal and Business TRs<br>12/15/2025 Only 2024 income was used in qualifying, please revisit. | 12/19/2025 (redacted) (redacted) and (redacted) received. - 12/19/2025 2023 1040 and 1120 received.<br>12/15/2025 Investor lock reflects 24 month income documentation and lender income calculation reflects two years tax return analysis. 2023 1040 transcript provided. Missing 2023 business and personal tax returns. | Funded C A |
| 1028495 | XXXX | 1153920 | 12/10/2025 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | Guideline exception approved 11/6/2025 for exception to "Business Purpose and activities limited to ownership and management of real estate." Vesting in LLC states any lawful business and does not specify ownership or management of real estate. Investor Acknowledgment Page 56. |  | Low LTV/CLTV/HCLTV - Low LTV of 62.81% w/a max allowed of 75%.; Verified housing payment history - 90+ months of mortgage history verified 0x30 since 02/2022.; Verified credit history - 722 fico w/a minimum requirement of 660.; |  | Client: EV2/B Investor Acknowledged Exception | Funded C B |
| 1029077 | XXXX | 1153803 | 12/10/2025 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 1 | Closed | Missing Seller CD.<br>| 12/19/2025 | Verified reserves - (redacted) Months of verified reserves when GL required (redacted).; Low DTI - Low DTI of (redacted) < (redacted) Max.; | 12/19/2025 Seller Closing Disclosure | 12/19/2025 Seller CD received. - 12/19/2025 Seller CD received. | Funded C A |
| 1029077 | XXXX | 1154078 | 12/11/2025 | Credit | Potential credit depth risk - Minimum Number of Tradelines is less than 3 | CRED 0098 | 1 | Closed | (redacted) does not meet the minimum tradeline requirement. No open tradelines. (redacted) closed tradeline not active within the past (redacted) months. | 12/26/2025 | Verified reserves - (redacted) Months of verified reserves when GL required (redacted).; Low DTI - Low DTI of (redacted) < (redacted) Max.; | 12/23/2025 Hello, Could you please see the response and question from the team, thank you! | 12/26/2025 TPR set in error, (redacted) tradelines reporting for both borrower and co-borrower confirmed. - 12/26/2025 TPR set in error, 3 tradelines reporting for both borrower and co-borrower confirmed (pg 209). | Funded C A |
| 1029100 | XXXX | 1153830 | 12/10/2025 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing lender loan approval / underwriting decision. | 12/18/2025 | Low LTV/CLTV/HCLTV - 57.19% LTV is below the maximum 75% LTV by 17.81%. <br>; Verified credit history - 727 Representative credit score exceeds the minimum required credit score of 620 by 107 Points. <br>; | 12/17/2025 Loan Approval | 12/18/2025 Lender loan approval received. | Funded D A |
| 1029100 | XXXX | 1153833 | 12/10/2025 | Credit | Missing Inter Vivos Revocable Trust Agreement | TRST 0001 | 1 | Closed | The file is missing the trust Agreement or certification of trust. | 01/05/2026 | Low LTV/CLTV/HCLTV - 57.19% LTV is below the maximum 75% LTV by 17.81%. <br>; Verified credit history - 727 Representative credit score exceeds the minimum required credit score of 620 by 107 Points. <br>; | 01/02/2026 Hello, Is this what you are needing?<br>12/23/2025 Hello, Team wanted me to ask if you could tell us your definition of trust agreement please? Thank you! | 01/05/2026 Certification of Trust received.<br>12/26/2025 A copy complete copy of the trust agreement OR a certification of trust can be accepted. | Funded C A |
| 1029181 | XXXX | 1154184 | 12/12/2025 | Credit | Fraud report alerts have not been addressed | FRAUD 0001 | 1 | Closed | Missing complete comprehensive fraud report w/all alerts addressed sufficiently. Only the final summary was provided. | 12/16/2025 | Verified credit history - 744 Representative credit score exceeds the minimum required credit score of 680 by 64 Points. <br>; | 12/16/2025 12/16 tm: Per XXXX's contract with XXXX, we only provide the variances and watch list. We will not be providing any additional pages. <br> 12/15/2025 12/15 RF please see attached please clear thank you | 12/17/2025 Confirmed XXXX summary is sufficient.<br>12/16/2025 Confirmed XXXX summary is sufficient. | Funded C A |
| 1027920 | XXXX | 1154178 | 12/12/2025 | Compliance | Missing evidence of the Seller HUD1 | HUD 0027 | 1 | Closed | Missing copy of the Sell CD or Combined Alta Settlement Statement reflecting the seller information. | 12/19/2025 | Verified reserves - 108 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self employed for 5 years and in same line of work for 17.; Verified credit history - 772 fico w/a minimum requirement of 660.; | 12/19/2025 Seller CD | 12/19/2025 Seller CD received. | Funded C A |
| 1028527 | XXXX | 1154555 | 12/15/2025 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | Page 1 of the appraisal Zoning Compliance reflects the zoning is Legal Non-conforming (pg 1247). Supplemental Addendum - URAR Site - Highest and Best Use reflects "The subject is currently a use which conforms to zoning (legal-conforming) and is typical of the market area (physical). Appraiser to confirm, If legal non-conforming the appraiser will need to address if the property can be rebuilt. | 12/18/2025 | Verified reserves - $325,944.34 reserves exceed the minimum required of $61,675.716 exceeds the minimum by 31.74 months over the required minimum. <br>; Verified credit history - 762 Representative credit score exceeds the minimum required credit score of 700 by 62 Points. <br>; | 12/17/2025 Appraiser states property can be rebuilt on page 10 of the attached | 12/18/2025 TPR error, Page 10 of appraisal URAR: Site - Adverse Conditions or External Factors - Subject can be rebuilt if partially or fully<br>destroyed per the building department to the current foot print. No special permit required. | Funded C A |
| 1029215 | XXXX | 1154564 | 12/15/2025 | Credit | Fraud report alerts have not been addressed | FRAUD 0001 | 1 | Closed | Missing complete comprehensive fraud report w/all alerts addressed sufficiently. The fraud report in the file (p175) is incomplete. | 12/16/2025 | Verified reserves - 44 months of verified reserves when GL required 3.; Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since 01/2021.; | 12/15/2025 12/15 RF please see attached, please clear thank you, | 12/16/2025 Confirmed XXXX summary is sufficient. | Funded C A |
| 1028969 | XXXX | 1154571 | 12/15/2025 | Credit | Fraud report alerts have not been addressed | FRAUD 0001 | 1 | Closed | Missing complete comprehensive fraud report w/all alerts addressed sufficiently. The fraud report in the file is incomplete. | 12/16/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; |  | 12/16/2025 Confirmed (redacted) summary is sufficient. - 12/16/2025 Confirmed XXXX summary is sufficient. | Funded C A |
| 1028969 | XXXX | 1154592 | 12/15/2025 | Credit | Entity Documentation is Insufficient | CRED 0143 | 1 | Closed | Missing Operating agreement or alternative documentation verifying (redacted) ownership in the borrowing entity (redacted). The (redacted) EIN letter reflects (redacted) is the sole member, articles of incorporation only reflects (redacted). Missing evidence (redacted) has at least (redacted) ownership as required per guideline. | 12/18/2025 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 12/18/2025 12/18 CW: See attached confirming 50% ownership | 12/18/2025 Finding is cleared with the attached copy of the corporate resolution confirming qualifying guarantors ownership and the non-qualifying owners acknowledgement of the transaction. - 12/18/2025 Finding is cleared with the attached copy of the corporate resolution confirming qualifying guarantors ownership and the non-qualifying owners acknowledgement of the transaction. | Funded D A |
| 1029169 | XXXX | 1154441 | 12/15/2025 | Compliance | Missing Final HUD-1 | HUD 0001 | 1 | Closed | Missing copy of the final executed CD / Alta Settlement Statement. | 12/16/2025 | Verified reserves - 67 months of verified reserves when GL required 3.; Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since 07/2020.; Verified credit history - 801 fico w/a minimum requirement of 700 for DSCR .75 to .99.; | 12/16/2025 Please see attached | 01/05/2026 Certified copy of the final settlement statement received. | Funded D A |
| 1029272 | XXXX | 1154800 | 12/16/2025 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | 1) Missing mortgage statement, XXXX, to confirm taxes and insurance are being escrowed. <br>2) The file is missing evidence of the 1007 with market rent of $4500 for XXXX which was recently purchased XX/XX/XXXX (pg 200). Rental income was considered in qualifying.  | 01/08/2026 | Verified reserves - 78 months verified reserves > 3 months required.; Low LTV/CLTV/HCLTV - 54.29% LTV/CLTV w/a max allowed of 80%.; Verified credit history - 674 fico w/a minimum requirement of 660.; | 01/06/2026 1007<br>12/22/2025 Page 3 evidences taxes and insurance escrowed. 1007 on page 32<br>12/19/2025 Please see pages 543 to 547 for statement, breakdown of payment from servicer. | 01/08/2026 Appraisal and 1007 with market rent of $4500 for XXXX which received.<br> 12/22/2025 1007 market rent for subject property - Unit #24 provided. Pending is evidence of the 1007 with market rent of $4500 for XXXX which was recently purchased 11.28.2025 (pg 200). Rental income was considered in qualifying.<br> 12/19/2025 Finding is partially cleared, servicing transfer notice verifies XXXX to be escrowed.<br> \*\* Missing evidence of the 1007 with market rent of $4500 for unit #23 which was recently purchased 11.28.2025 (pg 200). Rental income was considered in qualifying. | Funded C A |
| 1029272 | XXXX | 1154802 | 12/16/2025 | Credit | Back-end Ratio exception (DTI) | CRED 0004 | 1 | Closed | The DTI of 68.07% exceeds the max allowed of 50%. The payment of $5,406.88 for XXXX was excluded in qualifying. The file include a listing agreement (pg 519) and XXXX to confirm the property was listed for sale. FNMA will allow the lender to omit the current residence PITIA only if there is an executed sales contract for the current residence and confirmation that any financing contingencies have been cleared. The file is missing the executed contract and evidence the financing contingencies have cleared.  | 01/08/2026 | Verified reserves - 78 months verified reserves > 3 months required.; Low LTV/CLTV/HCLTV - 54.29% LTV/CLTV w/a max allowed of 80%.; Verified credit history - 674 fico w/a minimum requirement of 660.; | 12/22/2025 Please provide the guidelines as fannie accepts the documentation we've provided | 01/08/2026 Updated guideline applied "XXXX". Based on the correct guideline PITIA from departure residence can be excluded. Review updated DTI 47.57%.<br> 12/22/2025 Please refer to FNMA selling guide page 503 as noted below. Evidence XXXX is the current principal residence is also required to omit PITIA. <br> Fannie Mae will not require the current principal residence's PITIA to be used in qualifying the borrower as long as the following documentation is provided:<br> the executed sales contract for the current residence, and<br> confirmation that any financing contingencies have been cleared. | Funded C A |
| 1029272 | XXXX | 1154908 | 12/16/2025 | Credit | Questionable Occupancy | CRED 0117 | 1 | Closed | Borrowers present address for most recent two months, XXXX, is indicated to be retained for an investment property. Prior primary occupied for 4 years and 9 months, XXXX, is pending sale. Missing verification of current primary and associated housing expense. | 01/13/2026 | Verified reserves - 78 months verified reserves > 3 months required.; Low LTV/CLTV/HCLTV - 54.29% LTV/CLTV w/a max allowed of 80%.; Verified credit history - 674 fico w/a minimum requirement of 660.; | 01/09/2026 1003<br>12/23/2025 REO<br>12/22/2025 PITI | 01/13/2026 Updated 1003 received.<br> 12/26/2025 Recd mortgage information, XXXX. -- Finding remains. Missing letter of explanation from borrower addressing current occupancy and disposition of XXX with supporting documentation. If XXXX is to be retained for primary then an updated 1003 will be required.<br> 12/22/2025 Page 70 of document package, or page 5 of the borrower's final 1003 suggests XXXX is being retained for investment. Provide evidence of current primary housing with all associated expenses. | Funded C A |
| 1029272 | XXXX | 1158499 | 01/08/2026 | Credit | Income Calculation Discrepancy | CRED 0084 | 2 | Acknowledged | Approved DTI per the 1008 44.08%, Review DTI 44.57%. Per the 1008 DTI variance appears to be due to the subject net rental loss. 1008 reflects Negative subject cash flow of ($742.16). Based on Estimated rent of $4500 x 75% ($3375) review calculated ($1,764.62). |  | Verified reserves - 78 months verified reserves > 3 months required.; Low LTV/CLTV/HCLTV - 54.29% LTV/CLTV w/a max allowed of 80%.; Verified credit history - 674 fico w/a minimum requirement of 660.; |  | Client: EV2/B DTI variance exceeds 3% but remains below the max allowed of 50%. | Funded C B |
| 1029425 | XXXX | 1154595 | 12/15/2025 | Credit | Fraud report alerts have not been addressed | FRAUD 0001 | 1 | Closed | Missing complete comprehensive fraud report w/all alerts addressed sufficiently. The fraud report in the file (p196) is incomplete. | 12/16/2025 | Verified reserves - 75 months of verified reserves when GL required 3.; Verified housing payment history - 87 months of verified mortgage history paid 0x30 since 01/2022.; | 12/16/2025 12/16 TT: please see attached | 12/16/2025 Confirmed that the FraudGuard Summary is sufficient. | Funded C A |
| 1028562 | XXXX | 1154791 | 12/16/2025 | Credit | Missing Required Fraud Tool | CRED 0089 | 1 | Closed | Missing required fraud report. Report in file page (redacted) is Auto Refer. | 12/18/2025 | Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; Verified employment history - (redacted) has been employed with same company for (redacted) years and (redacted) has been self employed for (redacted) years.; | 12/18/2025 Fraud Report | 12/18/2025 Finding is cleared with the attached fraud report resubmission, overall score (redacted)/Pass. - 12/18/2025 Finding is cleared with the attached fraud report resubmission, overall score 1000/Pass. | Funded C A |
| 1029495 | XXXX | 1154527 | 12/15/2025 | Compliance | Missing Home Loan Toolkit | TRID 0133 | 1 | Closed | Missing evidence of delivery of the Home Loan Toolkit. List of disclosures and e-sent document list not provided. | 01/05/2026 | Verified employment history - Borrowers have both been self employed (redacted) real estate agents for (redacted) years.; Minimal outstanding debt - Credit report reflects minimal outstanding debt owed with balances well under the high credit limits on accounts outstanding.; | 01/04/2026 Your Home Loan Toolkit and Disclosure Tracking | 01/05/2026 Disclosure tracking confirming borrower receipt of the HLTK received. - 01/05/2026 Disclosure tracking confirming borrower receipt of the HLTK received. | Approved C |
| 1029495 | XXXX | 1154873 | 12/16/2025 | Credit | Back-end Ratio exception (DTI) | CRED 0004 | 2 | Acknowledged | Review DTI of (redacted) > (redacted) Max, Missing copy of lease and most recent (redacted) months of bank statements for REO, (redacted). Rental income is needed to qualify. |  | Verified employment history - Borrowers have both been self employed (redacted) real estate agents for (redacted) years.; Minimal outstanding debt - Credit report reflects minimal outstanding debt owed with balances well under the high credit limits on accounts outstanding.; | 1/20/2026 - Received response from investor, Once you receive the property address, (redacted) is okay with the (redacted)-month management statement. | 02/05/2026 EV2/B - Investor Acknowledged Exception, investor accepts 11-month management statement. Attached screen-prints evidence that XXXX, which is the property name on the management statement, is one and the same as XXXXt. <br>02/02/2026 Provide a screen print of a property search XXXX with a screen print form XXXX showing the property listing to evidence that XXXX is one in the same as XXXX. <br>01/15/2026 Attached management statement does not reflect the property address, XXXX. Review is unable to confirm short-term rental is generated from XXXX. NOTE: Investor acknowledgment would be required to accept alternative documentation, 11 month management statement | Approved C B |
| 1028203 | XXXX | 1154565 | 12/15/2025 | Compliance | Missing Homeownership Counseling Disclosure | RESPA 0029 | 1 | Closed | Missing Homeownership Counseling Disclosure. | 12/26/2025 | Verified reserves - 108 months of verified reserves.; Verified employment history - Borrower has been self employed 1099 for 15 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 22.5 years.; Low LTV/CLTV/HCLTV - Low LTV of 34.57%.; | 12/23/2025 homeownership | 12/26/2025 Finding is cleared with the attached Homeownership Counseling Organization List. | Approved C |
| 1028203 | XXXX | 1154566 | 12/15/2025 | Compliance | Missing Intent to Proceed Disclosure | GFE 0002 | 1 | Closed | Missing Intent to Proceed disclosure. Used tracking for intent to proceed date of 02/14/2025 (Page 86). | 12/23/2025 | Verified reserves - 108 months of verified reserves.; Verified employment history - Borrower has been self employed 1099 for 15 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 22.5 years.; Low LTV/CLTV/HCLTV - Low LTV of 34.57%.; | 12/23/2025 intent to proceed | 12/23/2025 Intent to proceed provided and executed on 2/14/25 received. Finding cleared. | Approved D |
| 1028203 | XXXX | 1154924 | 12/16/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing business narrative for Deans Consulting LLC. | 12/26/2025 | Verified reserves - 108 months of verified reserves.; Verified employment history - Borrower has been self employed 1099 for 15 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 22.5 years.; Low LTV/CLTV/HCLTV - Low LTV of 34.57%.; | 12/23/2025 bus narrative | 12/26/2025 Finding is cleared with the attached Biz Narrative, SOS, CPA email, and CPA verification. | Approved C |
| 1028203 | XXXX | 1154926 | 12/16/2025 | Credit | Missing Divorce Decree and/or Separation Agreement | DD 0001 | 1 | Closed | Missing divorce decree and/or Separation Agreement to support settlement paid out at closing and monthly alimony payment of $4800 per month. | 12/26/2025 | Verified reserves - 108 months of verified reserves.; Verified employment history - Borrower has been self employed 1099 for 15 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 22.5 years.; Low LTV/CLTV/HCLTV - Low LTV of 34.57%.; | 12/23/2025 divorce decree | 12/26/2025 Finding is cleared with the attached separation agreement. | Approved C |
| 1028203 | XXXX | 1155303 | 12/17/2025 | Credit | Missing CPA Letter | CRED 0138 | 1 | Closed | Missing CPA letter, Operating Agreement, or equivalent to document borrower's percentage of ownership in XXXX. | 12/26/2025 | Verified reserves - 108 months of verified reserves.; Verified employment history - Borrower has been self employed 1099 for 15 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 22.5 years.; Low LTV/CLTV/HCLTV - Low LTV of 34.57%.; | 12/23/2025 cpa letter | 12/26/2025 Finding is cleared with the attached Biz Narrative, SOS, CPA email, and CPA verification. | Approved C |
| 1028203 | XXXX | 1155304 | 12/17/2025 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | 1) Missing 1008.;<br>2) Lender to verify income documentation type. Lender approval pg 282 reflects full doc, XXXXLock pg 407 reflects 12 mo 1099. File contains 12 mths of business bank statements but no 1099s. Review considered 12 mths business bank statements. Upon confirmation of the correct documentation type additional conditions may apply. | 01/27/2026 | Verified reserves - 108 months of verified reserves.; Verified employment history - Borrower has been self employed 1099 for 15 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 22.5 years.; Low LTV/CLTV/HCLTV - Low LTV of 34.57%.; | 01/27/2026 income worksheet<br>01/06/2026 1008<br>12/31/2025 updated loan approval | 01/27/2026 Finding is cleared with the attached bank statement calculator. Program previously confirmed.<br>01/08/2026 Finding is partially cleared with the attached 1008 confirming loan was approved under the bank statement program. Missing is the bank statement calculation worksheet.<br>01/05/2026 Attached loan approval reflects alternative doc type, however it does not indicate if the loan was approved under the 1099 or bank statement program. No income analysis or 1008 provided. | Approved C |
| 1028203 | XXXX | 1155309 | 12/17/2025 | Compliance | Missing LE(s) | TRID 0207 | 1 | Closed | Missing the following LE's w/applicable COCs as per the document tracking in file:<br> LE XX/XX/XXXX pg 90, LE XX/XX/XXXX pg 91, and LE XX/XX/XXXX pg 92. \*\*Final Compliance Review is Pending receipt of all disclosures \*\* | 12/26/2025 | Verified reserves - 108 months of verified reserves.; Verified employment history - Borrower has been self employed 1099 for 15 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 22.5 years.; Low LTV/CLTV/HCLTV - Low LTV of 34.57%.; | 12/23/2025 LE's | 12/26/2025 Finding is cleared with the attached copies of the interim LE's. | Approved C |
| 1028203 | XXXX | 1155310 | 12/17/2025 | Compliance | LE or CD is Deficient | TRID 0148 | 1 | Closed | Missing copy of the initial CD sent to the borrower XX/XX/XXXX w/COC if applicable. Disclosure tracking confirm receipt XX/XX/XXXX. \*\*Final Compliance review is pending receipt of all disclosures \*\* | 12/26/2025 | Verified reserves - 108 months of verified reserves.; Verified employment history - Borrower has been self employed 1099 for 15 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 22.5 years.; Low LTV/CLTV/HCLTV - Low LTV of 34.57%.; | 12/23/2025 ICD | 12/26/2025 TPR set in error. Loan file contains a copy of the CD issued 11/11. | Approved C |
| 1029131 | XXXX | 1154594 | 12/15/2025 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 1 | Closed | Missing Seller CD or combined alta settlement statement. | 12/26/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/24/2025 Seller Closing Disclosure | 12/26/2025 Finding is cleared with the attached copy of the Seller CD. - 12/26/2025 Finding is cleared with the attached copy of the Seller CD. | Funded C A |
| 1029131 | XXXX | 1155318 | 12/17/2025 | Credit | Missing Source of Funds | CRED 0108 | 1 | Closed | Missing documentation to verify the deposit of (redacted) to (redacted) A/# ending in (redacted) on (redacted). With this deposit excluded the borrower has insufficient funds to close verified and no reserves. | 01/09/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/02/2026 Please revisit. The $20,500 cleared XXXXt accoun tXXXX on 9/26 and was deposited to XXXXt account XXXX same day. It is evident that the funds were transferred from one account to the other. Please see pages 444 and 514 of the file. Please note that the "check number" for the $20,500 withdrawal on page 444 is not sequential nor consistent with other check numbers for the account and was associated with a banking process. Thank you! <br> 12/24/2025 that the $20,500 came from Borrower Business Account with XXXX. <br> Please review Sept business bank statements used for income | 01/09/2026 Agree, check withdrawn form (redacted) on (redacted) is the same amount that was deposited to (redacted) on (redacted). - 01/09/2026 Agree, check withdrawn form XXXX on 9/26 is the same amount that was deposited to XXXX on 9/26.<br> 12/26/2025 Missing is a copy of the cancelled check #XXXX $20,500 (pg 444). | Funded C A |
| 1028464 | XXXX | 1154774 | 12/16/2025 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 1 | Closed | Missing Affiliated Business Disclosure, FACTS Disclosure, or Attestation of no affiliates. Lender (redacted) Report shows an affiliate used for the Appraisal Desk Fee. | 01/08/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self employed for (redacted) years.; | 01/04/2026 Affiliated Business | 01/08/2026 Finding is cleared with the attached ABD. - 01/08/2026 Finding is cleared with the attached ABD. | Funded C A |
| 1028464 | XXXX | 1155286 | 12/17/2025 | Credit | Cashout Exceeds Guidelines | CRED 0022 | 2 | Acknowledged | Exception to guideline for cash out (redacted) when maximum per GL is (redacted), approved (redacted). Actual cash out is (redacted). |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self employed for (redacted) years.; |  | 12/17/2025 Investor Acknowledged Exception in file (pg 367). | Funded C B |
| 1028464 | XXXX | 1155292 | 12/17/2025 | Credit | Hazard Insurance Coverage Amount is Insufficient | HAZ 0004 | 1 | Closed | Missing confirmation from insurer that the dwelling coverage is based on the replacement cost. Dwelling coverage of (redacted) < (redacted) ((redacted) of Cost New per Appraisal (redacted). | 01/14/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self employed for (redacted) years.; | 01/09/2026 coverage details | 01/14/2026 Finding is cleared with the attached checklist of coverage confirming limit of insurance is based on replacement cost. - 01/14/2026 Finding is cleared with the attached checklist of coverage confirming limit of insurance is based on replacement cost. | Funded C A |
| 1028464 | XXXX | 1155294 | 12/17/2025 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing lender's bank statement analysis. NOTE: Bank statement condition of minimum of (redacted) deposits per month, not met. | 01/14/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self employed for (redacted) years.; | 01/09/2026 bank stmnt analysis<br>01/04/2026 Bank Statements Payments | 01/14/2026 Finding is partially cleared with the attached bank statement analysis. Deposits > (redacted) only applies to lenders using the (redacted) tool. - 01/14/2026 Finding is partially cleared with the attached bank statement analysis. Deposits > 5 only applies to lenders using the Laminr tool.<br>01/08/2026 Received asset statements. -- Finding remains. Missing is the lender's bank statement income analysis worksheet. | Funded C A |
| 1028464 | XXXX | 1155298 | 12/17/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing (redacted) bank statement. | 02/13/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self employed for (redacted) years.; | 02/12/2026 Oct Statement Acct XXXX<br> 01/04/2026 october 2025 statement | 02/13/2026 Finding is cleared with the attached October account, (redacted), statement. - 02/13/2026 Finding is cleared with the attached October account, XXXX, statement.<br> 01/08/2026 Received October statement for account XXXX. Missing is the October statement for account XXXX used in the bank statement income analysis. | Funded C A |
| 1027722 | XXXX | 1155167 | 12/17/2025 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | Subject loan is a DSCR cash out refinance of a vacant property due to recent renovation (p523), exception approved p7. |  | Low LTV/CLTV/HCLTV - Low LTV of 42.72%.; Verified reserves - 139.99 months of verified reserves when GL required 6.; |  | Client: EV-2/B Investor acknowledged exception | Funded C B |
| 1029347 | XXXX | 1155161 | 12/17/2025 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 1 | Closed | Missing copy of the Seller CD for final settlement statement that discloses the buyer and seller details. | 12/26/2025 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/24/2025 Seller Closing Disclosure | 12/26/2025 Finding is cleared with the attached copy of the seller CD. - 12/26/2025 Finding is cleared with the attached copy of the seller CD. | Funded C A |
| 1029732 | XXXX | 1155427 | 12/18/2025 | Credit | Missing Copy of Quit Claim Deed | QCD 0001 | 1 | Closed | Missing evidence of the ownership transfer from (redacted) to the borrower as an individual. In order to meet the guideline continuity of obligation requirement, the transfer must be completed prior to closing. No evidence of transfer in the file. | 01/05/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 12/30/2025 12/30 CW: See attached title confirming property got deeded to borrower<br> 12/23/2025 12/23 CW: Per guidelines, An acceptable Continuity of Obligation exists when there is at least one borrower obligated on the new loan who was also a borrower obligated on the existing loan that is being refinanced. The borrower was personally obligated on the construction loan as evidenced by the note included in the file. <br>12/19/2025 12/19 CW: Our loan was closed in XXXX name, it does not need to be deeded to the borrower just to have it deeded right back at closing. Guidelines allow vesting to be in the LLCs name. The guideline specifically cited reads "The loan must have been transferred out of the business entity prior to closing if title will be held in the name of the borrower.". Title is not being held in the name of the borrower. | 01/05/2026 Finding is cleared with the attached loan policy confirming title is vested in the borrowers name. - 01/05/2026 Finding is cleared with the attached loan policy confirming title is vested in the borrowers name.<br> 12/26/2025 Missing copy of the quit claim deed from LLC to borrower completed prior to closing as required per lender loan approval and prelim title requirement #9.<br> 12/19/2025 Note and Mortgage were executed by the borrower as an induvial not the LLC. Lender approval and prelim title to record quit claim deed from XXXX to XXXX per requirement #9. Copy of QCD from LLC to the borrower as an induvial required. | Funded C A |
| 1027766 | XXXX | 1155908 | 12/21/2025 | Compliance | HPML Appraisal Requirements are Not Met | APPR 0044 | 2 | Acknowledged | Appraiser did not include an executed certification stating the appraisal was prepared in accordance with USPAP and Title XI of FIRREA and any implementing regulations (p261). |  | Verified housing payment history - 0x30 mortgage history for 27 months. <br>; |  | Client: EV2/B Non-Material | Funded C B |
| 1028039 | XXXX | 1155442 | 12/18/2025 | Credit | Entity Documentation is Insufficient | CRED 0143 | 1 | Closed | Missing Corporate resolution as required for multi-member entities. XXXX is owned 50/50 between the borrower and XXXX). | 12/19/2025 | Verified reserves - 14 months of verified reserves when GL required 3.; Verified ownership of subject property - Borrower has owned subject property for 2 years and mortgage history verified paid 0x30 in 24 months.; | 12/19/2025 12/19 CW: See attached corporate resolution | 12/19/2025 Corporate resolution to refinance subject property received. | Funded D A |
| 1029134 | XXXX | 1155465 | 12/18/2025 | Credit | Insufficient verified reserves | CRED 0100 | 1 | Closed | Insufficient assets are documented to support the required (redacted) months reserves. Cash to close is (redacted), reserves (redacted). Total assets to be verified (redacted). the following are counted towards verified funds:<br>(redacted)<br>Total assets documented (redacted). (redacted) statements in the file are through (redacted). It appears the borrower took additional funds from the HELOC in (redacted), but no evidence what these funds were for and no evidence of deposit. | 01/09/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/08/2026 see attached. reflects transfer of funds from HELOC | 01/09/2026 Finding is cleared with the attached (redacted) asset statement, account was opened (redacted) with the transfer of (redacted) from the HELOC. - 01/09/2026 Finding is cleared with the attached XXXX asset statement, account was opened 10/31 with the transfer of $102,000 from the HELOC (pg 299) | Funded C A |
| 1028567 | XXXX | 1155360 | 12/18/2025 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing lender approval, only the unsigned (redacted) is in the file. | 12/26/2025 | Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; | 12/23/2025 Please see attached - Thank you! Merry Christmas and Happy Holidays! | 12/26/2025 Finding is cleared with the attached conditional loan approval. - 12/26/2025 Finding is cleared with the attached conditional loan approval. | Funded D A |
| 1027859 | XXXX | 1155703 | 12/19/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | The Deed of Trust reflects the legal description is attached as Exhibit A (p835), Exhibit A is missing. | 01/21/2026 | Verified credit history - 774 Representative credit score exceeds the minimum required credit score of 700 by 74 Points. <br>; | 01/21/2026 Recorded mortgage with legal description<br>12/23/2025 Exhibit A | 01/21/2026 Recorded mortgage with legal attached received.<br>12/26/2025 Attached Exhibit A belongs to the title commitment. Missing is the legal description attached to the Deed of Trust. | Funded C A |
| 1028170 | XXXX | 1156802 | 12/29/2025 | Credit | Missing Divorce Decree and/or Separation Agreement | DD 0001 | 1 | Closed | Missing a copy of the Settlement Agreement referenced within the Final Order on Committed Intimate Relationship. Mortgage on prior primary, (redacted), is indicated to have been awarded to ex-spouse. Missing documentation to support this liability can be excluded. | 01/08/2026 | Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; Verified housing payment history - Credit report reflects (redacted) open mortgages satisfactorily rated (redacted) months. ; | 01/08/2026 Property Settlement Agreement<br> 12/30/2025 Asset breakdown showing ex spouse has XXXX property | 01/08/2026 Attached settlement agreement confirms that the (redacted) Property was awarded to ex-partner in (redacted) who has (redacted) months to refinance for the purpose of removing borrowers liability on the mortgage. - 01/08/2026 Attached settlement agreement confirms that the XXXX was awarded to ex-partner in 11/2024 who has 36 months to refinance for the purpose of removing borrowers liability on the mortgage.<br> 01/05/2026 Attached spreadsheet is insufficient to satisfy the exception. Missing a complete copy of the settlement agreement. | Funded C A |
| 1028170 | XXXX | 1156817 | 12/29/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Cash value stock options is (redacted). Missing documentation confirming borrower has unrestricted access to the funds. Asset depletion income of (redacted) was documented with two quarterly (redacted) asset statements. If the assets are RSU and/or subject to a vesting schedule, then the income must be documented as per guidelines. DTI > (redacted) Max Allowed with asset depletion excluded. | 02/13/2026 | Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; Verified housing payment history - Credit report reflects (redacted) open mortgages satisfactorily rated (redacted) months. ; | 02/12/2026 Statement<br>01/23/2026 Updated docs and 2nd month statement<br>01/15/2026 LOE<br>01/14/2026 The account is owned stock not Non-Released stock or there wouldn't be an account value of $352,231. There is no cash value because the value is in stock and not cash. Stock released to the borrower increased from June to Sept. | 02/13/2026 Finding is cleared with the attached complete copy of the (redacted) statement. - 02/13/2026 Finding is cleared with the attached complete copy of the XXXX August statement.<br> 01/23/2026 Finding is partially cleared with the attached updated income calculation worksheet and 1008/1003. -- Finding remains. Attached August statement is incomplete. Only the account overview provided. Missing a complete copy of the August statement reflecting transaction history.<br> 01/16/2026 Partially agree, qualifying income would increase using the XXXX brokerage account vs MS. Missing additional XXXX statement, only one statement provided in file dated 9/30/2025. Updated 1008/1003 required.<br> 01/14/2026 Partially agree, however the June 2025 statement reflects RST grant ID type indicating restricted access. The statements provided do not provide adequate information to confirm borrowers unrestricted access to funds. | Funded C A |
| 1028170 | XXXX | 1156828 | 12/29/2025 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing documented hazard insurance premium and current HOA statement for primary residence, (redacted). The HOA statement provided is stale dated, (redacted). EOI does not reflect the insurance premium. | 01/14/2026 | Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; Verified housing payment history - Credit report reflects (redacted) open mortgages satisfactorily rated (redacted) months. ; | 01/12/2026 Please see attached from Zillow<br> 01/08/2026 XXXX; Annual HOA statement would not be available until 1/1/2026 which is after the loan closed<br> XX/XX/XXXX HOI | 01/14/2026 Previously received EOI for primary residence. HOA fee is due annually and HOA invoice is dated (redacted), which would be the most recent. - 01/14/2026 Previously received EOI for primary residence. HOA fee is due annually and HOA invoice is dated 1/1/2025, which would be the most recent.<br> 01/08/2026 Finding is partially cleared with the attached EOI for primary residence. -- Missing updated HOA statement. Next annual fee would be due by 1/1/2026, so the fee would be invoiced prior to the due date / closing.<br> 01/05/2026 Attached EOI, XXXX. Missing insurance premium for primary residence, XXXX Also missing an updated HOA statement for the primary residence. The attached HOA invoice is dated 1-1-2025. | Funded C A |
| 1028170 | XXXX | 1156835 | 12/29/2025 | Compliance | HUD-1 is Incomplete | HUD 0024 | 1 | Closed | Missing Dry Funding CD. Evidence of refund in file . Settlement statement and CD reflect different seller credits. Review used the values from the settlement statement. Settlement statement reflects a seller credit of (redacted) and the CD reflects (redacted), but counteroffer provided a seller credit of (redacted). There is another counteroffer with the same date that provided a seller credit of (redacted) that is signed by the seller, but not the borrower. | 01/08/2026 | Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; Verified housing payment history - Credit report reflects (redacted) open mortgages satisfactorily rated (redacted) months. ; | 01/08/2026 Addendum for seller credit increase to cover buyers closing costs. Total Closing Costs $20,331.62 + $929.36 county taxes in section K = $21,260.98<br>12/30/2025 PCCD | 01/08/2026 Finding is cleared with the attached executed modification of closing date addendum which changed the seller credit up to (redacted). - 01/08/2026 Finding is cleared with the attached executed modification of closing date addendum which changed the seller credit up to $22,000.<br> 01/05/2026 Received final dry funding CD that matches to the settlement statement. Missing explanation for $XXXX Seller Credit > $20,000 provided in the purchase agreement. | Funded C A |
| 1028970 | XXXX | 1155704 | 12/19/2025 | Compliance | Affiliated Business Disclosure Not Provided Within 3 Business Days of Application | COMP 0035 | 2 | Acknowledged | Initial ABD not in file. ABD provided (page 70) is dated at closing on XX/XX/XXXX |  | Verified credit history - Middle Credit Scores 768/797 > 700 Minimum Required.; Disposable Income - Borrowers have $40,793.23 in residual income.; |  | 02/05/2026 EV2/B Non-Material | Approved B |
| 1028970 | XXXX | 1155705 | 12/19/2025 | Compliance | Missing Homeownership Counseling Disclosure | RESPA 0029 | 1 | Closed | Missing evidence of delivery to borrower of the Homeownership Counseling Disclosure. | 01/26/2026 | Verified credit history - Middle Credit Scores 768/797 > 700 Minimum Required.; Disposable Income - Borrowers have $40,793.23 in residual income.; | 01/26/2026 see attached<br>01/02/2026 This is a NON QM Loan.. Homeownership Counseling Disclosure is not required. Non QM guidelines does not require it | 01/26/2026 Homeownership Counseling Disclosures Date 09/30/25 received.<br>01/09/2026 Disagree, owner occupied refinance is subject to RESPA. Missing evidence of of delivery to borrower of the Homeownership Counseling Disclosure. | Approved C |
| 1028970 | XXXX | 1155706 | 12/19/2025 | Compliance | Missing E-Sign Disclosure | TRID 0134 | 1 | Closed | Missing borrower accepted eConsent. Initial disclosures were sent electronically. The technology agreement is dated at closing.<br>| 01/09/2026 | Verified credit history - Middle Credit Scores 768/797 > 700 Minimum Required.; Disposable Income - Borrowers have $40,793.23 in residual income.; | 01/08/2026 doc<br>12/30/2025 Hello, I see the initial docs were sent via us mail on 9/30 and the revised documents were sent via electronic docs on 11/18 which we have econsent for. | 01/09/2026 Finding is cleared with the attached docusign certificate of completion reflecting borrowers eConsent date. Co-borrowers eConsent was previously provided.<br>01/05/2026 Disagree, initial LE estimated was docusigned by the borrower on 10/1/2025, which is prior to the attached econsent date of 11/18/2025. | Approved C |
| 1028970 | XXXX | 1155708 | 12/19/2025 | Compliance | Loan Disbursement Date is on or before the required Right of Rescission Expiration Date | ROR 0009 | 1 | Closed | Missing final dry funding CD to confirm date of disbursement. -- The loan disbursement date (2025-12-09) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (2025-12-09). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) | 01/19/2026 | Verified credit history - Middle Credit Scores 768/797 > 700 Minimum Required.; Disposable Income - Borrowers have $40,793.23 in residual income.; | 01/16/2026 PCCD<br>01/02/2026 Docs were signed on 12/5, recession was up on 12/9 and we funded on 12/10. | 01/19/2026 Finding is cleared with the attached copy of the final dry funding CD, disbursement 12/10<br>01/09/2026 Subject is located in California. Missing the final dry funding CD confirming the actual disbursement date. | Approved C |
| 1028970 | XXXX | 1155718 | 12/19/2025 | Compliance | Estimated Property Costs over Year 1 Are Not Accurate | TRID 0204 | 2 | Acknowledged | Lender disclosed Estimated Taxes, Insurance & Assessments of $5,764.42 with estimated property costs over 1 year of $XXXX (11 mths). The actual Estimated Taxes, Insurance & Assessments were $5,765.30 per month. Estimated property costs over 1 year should have been $63,418.30. Variance appears to be in the taxes Fees. Per the 1008 the lender used $4,353, actual amount verified $4,353.88. |  | Verified credit history - Middle Credit Scores 768/797 > 700 Minimum Required.; Disposable Income - Borrowers have $40,793.23 in residual income.; | 01/27/2026 See attached | 01/27/2026 EV2/B Finding is downgraded with the attached PCCD and cover letter issued within 60 days from consummation. US Mailbox to be applied. | Approved C B |
| 1028970 | XXXX | 1156874 | 12/29/2025 | Credit | Missing HUD-1 for Other Lien on Subject Property | HUD 0013 | 1 | Closed | Missing final CD for concurrent refinance, XXXX, of second lien confirming: Payoff, XXXX (pg 665) and new loan amount of $XXXX with P&I payment of $XXXX, as per the application and underwriter approval. | 01/09/2026 | Verified credit history - Middle Credit Scores 768/797 > 700 Minimum Required.; Disposable Income - Borrowers have $40,793.23 in residual income.; | 01/02/2026 CD 2nd | 01/09/2026 Finding is cleared with the attached CD for concurrent refinance. | Approved C |
| 1028970 | XXXX | 1156902 | 12/29/2025 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing final loan approval with underwriter name. Neither the 1008 or loan approval in file include the underwriters name or signature. | 01/09/2026 | Verified credit history - Middle Credit Scores 768/797 > 700 Minimum Required.; Disposable Income - Borrowers have $40,793.23 in residual income.; | 01/02/2026 1008 and loan approval | 01/09/2026 Finding is cleared with the attached 1008/underwriting conditional approval reflecting the underwriters name. | Approved C |
| 1028970 | XXXX | 1156903 | 12/29/2025 | Credit | Tax Returns/Transcripts are Insufficient | CRED 0087 | 2 | Acknowledged | Missing the co-borrowers 2023/2024 wage transcripts, as required per guidelines. |  | Verified credit history - Middle Credit Scores 768/797 > 700 Minimum Required.; Disposable Income - Borrowers have $40,793.23 in residual income.; | 01/27/2026 see attached<br>01/16/2026 Hello, See response from team. | 01/27/2026 EV2/B - Finding is downgraded with the attached post-consummation dated wage transcripts.<br>01/19/2026 Co-borrower was qualified using wage income, thus 2023/2024 wage transcripts would be required. | Approved C B |
| 1029023 | XXXX | 1155615 | 12/19/2025 | Compliance | Cannot Reconcile LE / CD Versioning | TRID 0137 | 2 | Acknowledged | CD issued XX/XX/XXXX was inaccurately watermarked as Preview (Page 587) but has a signature page attached executed by borrower as received on XX/XX/XXXX. A change of circumstance dated XX/XX/XXXX (Page 649) shows new information was received by the title company requiring a change in recording fees. |  | Verified reserves - Required 6 months of reserves with verified assets of 15 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Low DTI - Maximum DTI of 50% with review DTI of 44.79%.&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The loan has residual income of $18,151.96 monthly. ; |  | Client: EV2/B Non-Material | Funded C B |
| 1029023 | XXXX | 1155616 | 12/19/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Legal Description is not attached to or contained within Mortgage (Page 711). | 12/26/2025 | Verified reserves - Required 6 months of reserves with verified assets of 15 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Low DTI - Maximum DTI of 50% with review DTI of 44.79%.&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The loan has residual income of $18,151.96 monthly. ; | 12/24/2025 Recorded Mortgage | 12/26/2025 Finding is cleared with the attached copy of the recorded mortgage containing the Exhibit A. | Funded C A |
| 1029023 | XXXX | 1155633 | 12/19/2025 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 1 | Closed | Missing copy of executed Seller CD or the Combined Alta Settlement Statement w/both the buyer and seller fees. | 12/26/2025 | Verified reserves - Required 6 months of reserves with verified assets of 15 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Low DTI - Maximum DTI of 50% with review DTI of 44.79%.&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The loan has residual income of $18,151.96 monthly. ; | 12/24/2025 Settlement statement | 12/26/2025 Finding is cleared with the attached copy of the master final settlement statement. | Funded C A |
| 1029023 | XXXX | 1155634 | 12/19/2025 | Compliance | Initial Closing Disclosure Sent Method Not In Person and No Received Date | TRID 0009 | 1 | Closed | Missing evidence Initial CD issued XX/XX/XXXX (Page 530) was received either electronically or in person. -- <br> The Initial Closing Disclosure was provided on (XX/XX/XXXX) via (U.S. Mail). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction not later than three business days prior to the consummation date of (XX/XX/XXXX). Since the Initial Closing Disclosure was not provided in person, a consumer is considered to have received it on (XX/XX/XXXX), which is three business days after it was delivered or placed in the mail. Since the Initial Closing Disclosure was not provided to the consumer in person, it should have been provided to the consumer no later than (XX/XX/XXXX), for consummation to occur on (XX/XX/XXXX). (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) | 01/21/2026 | Verified reserves - Required 6 months of reserves with verified assets of 15 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Low DTI - Maximum DTI of 50% with review DTI of 44.79%.&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The loan has residual income of $18,151.96 monthly. ; | 01/21/2026 ICD signed by borrower - in person 11/26 | 01/21/2026 Copy of initial CD dated and executed by the borrower on 11/26/25 received. | Funded C A |
| 1029023 | XXXX | 1156475 | 12/26/2025 | Compliance | Missing Final HUD-1 | HUD 0001 | 1 | Closed | Missing a copy of the dry funding CD to match the settlement statement that was presented via XXXX, disbursement date XX/XX/XXXX with cash from borrower XXXX after refund of $4,413.62. | 12/30/2025 | Verified reserves - Required 6 months of reserves with verified assets of 15 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Low DTI - Maximum DTI of 50% with review DTI of 44.79%.&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The loan has residual income of $18,151.96 monthly. ; | 12/29/2025 PCCD | 12/30/2025 Finding is cleared with the attached final dry funding CD, disbursement date was not updated to 12/4 to match the settlement statement. Prepaid interest was collected from 12/3. 1-day prepaid interest rule applied in CA. | Funded D A |
| 1029122 | XXXX | 1156016 | 12/22/2025 | Compliance | Final APR Outside Tolerance of .125 from APR 3 Business Days Prior to Closing | TRID 0206 | 2 | Acknowledged | CD issued XX/XX/XXXX prior to Final CD (no receipt in file) states an APR of 6.723%. Final CD issued and received XX/XX/XXXX states an APR of 6.557%. The difference is a decrease of 0.166, more than the tolerance amount of 0.125. (Page 829, 79) |  | Verified employment history - Borrowers have been self-employed co-owners of XXXX for 10 years.; Verified occupancy in subject property - Borrowers have owned and occupied the subject property for 11 months.; |  | Client: EV2/B APR Decreased, Benefit to borrower. | Funded C B |
| 1029122 | XXXX | 1156830 | 12/29/2025 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | Missing copy of 2nd appraisal. CD confirms charges for 2 appraisals. | 01/08/2026 | Verified employment history - Borrowers have been self-employed co-owners of XXXX for 10 years.; Verified occupancy in subject property - Borrowers have owned and occupied the subject property for 11 months.; | 01/05/2026 Appraisal | 01/08/2026 Copy of 2nd appraisal received. | Funded C A |
| 1029122 | XXXX | 1156831 | 12/29/2025 | Credit | Missing Sufficient Evidence of Insurance | INS 0001 | 1 | Closed | Missing insurer's replacement cost estimate. Policy does not reflect 100% guaranteed replacement cost coverage. | 01/08/2026 | Verified employment history - Borrowers have been self-employed co-owners of XXXX for 10 years.; Verified occupancy in subject property - Borrowers have owned and occupied the subject property for 11 months.; | 01/05/2026 Please see attached for HO 04 20(Additional Dwelling Coverage) listed as 40$ totaling $XXXX | 01/08/2026 Policy confirming Additional Dwelling Coverage of 40% provides coverage totaling XXXX | Funded C A |
| 1029291 | XXXX | 1155669 | 12/19/2025 | Compliance | Estimated Property Costs over Year 1 Are Not Accurate | TRID 0204 | 2 | Acknowledged | Lender disclosed Estimated Taxes, Insurance, and Assessments of $2799.12 w/ Estimated Property Costs over Year 1 of $XXXX. Review calculated Estimated Taxes, Insurance, and Assessments of $3088.12 w/ Estimated Property Costs over Year 1 of $XXXX. Variance appears to be due to the property taxes. Review used $1388.62 based on amount of $16,663.39 per title pg 96. |  | Verified reserves - 96 months of verified reserves when GL required 6.; Low DTI - Low DTI of 31.90%.; | 01/06/2026 PCCD & LOE to borrower<br>01/05/2026 UW confirmed error with taxes utilized. Updated 1003 & 1008 provided along with proposed PCCD for review. Once confirmed, will disclose PCCD to borrower. Pls advise. | 01/08/2026 EV2/B Post-Closing Corrective Action- PC CD and LOE received.<br>01/05/2026 Updated 1008, 1003, and PCCD received.<br>\*\*Finding remains missing LOE to borrowers explaining the reason for re-disclosure. | Funded C B |
| 1029461 | XXXX | 1156045 | 12/22/2025 | Compliance | Estimated Property Costs over Year 1 Are Not Accurate | TRID 0204 | 2 | Acknowledged | Lender disclosed Estimated Taxes, Insurance & Assessments of (redacted) with estimated property costs over (redacted) year of (redacted) ((redacted) mths) or (redacted) for (redacted) months. The actual Estimated Taxes, Insurance & Assessments were (redacted) per month. Estimated property costs over (redacted) year should have been (redacted) ((redacted) mths). Variance appears to be in the Property Taxes. Per the (redacted) the lender used (redacted) per month, actual amount verified is (redacted) per month. |  | Verified reserves - (redacted) months of verified cash reserves when GL required (redacted).; Low DTI - Low DTI of (redacted) w/a max allowed of (redacted).; | 01/12/2026 PCCD and LOE disclosed to borrower<br>01/09/2026 Updated 1003/1008 and PCCD for tax amount. Please confirm PCCD acceptable and we will disclose to borrower & provide LOE.<br>12/30/2025 Property taxes calculated using $1,225,000 \* 1.25% / 12 = $1276.04/mo per guidelines. Please clear. | 01/14/2026 EV2/B - Finding is downgraded with the PCCD previously received and the attached email correspondence to borrower addressing the reason for re-disclosure with PCCD attached.<br>01/10/2026 Corrected 1008, 1003, and PC CD received. Corrected CD reflects accurate Estimated Taxes, Ins, and Assessments of $2014.28 and Estimates Costs over Year 1 of $22,157.08 (11 mths). Upon receipt of LOE to borrower explaining the reason for re-disclosure the finding can be down graded to a EV2/B.<br>01/05/2026 Lender calculation < actual documented tax, thus actual tax should have been used. | Funded C B |
| 1029472 | XXXX | 1155710 | 12/19/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Legal Description is not attached to or contained within Mortgage. | 01/05/2026 | Verified reserves - Required (redacted) months of reserves + (redacted) months for each of the (redacted) REO's with verified assets of (redacted) months. ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 01/04/2026 Recorded DOT with legal description | 01/05/2026 Recorded mortgage with Exhibit A received. - 01/05/2026 Recorded mortgage with Exhibit A received. | Funded C A |
| 1029472 | XXXX | 1155714 | 12/19/2025 | Compliance | Missing Home Loan Toolkit | TRID 0133 | 1 | Closed | Missing evidence of delivery of the Home Loan Toolkit. Disclosure tracking sent (redacted) does not disclose all of the documents sent. | 01/05/2026 | Verified reserves - Required (redacted) months of reserves + (redacted) months for each of the (redacted) REO's with verified assets of (redacted) months. ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 01/04/2026 disclosure tracking your home loan toolkit | 01/05/2026 Disclosure tracking confirming borrower receipt of the HLTK received. - 01/05/2026 Disclosure tracking confirming borrower receipt of the HLTK received. | Funded C A |
| 1029472 | XXXX | 1156235 | 12/23/2025 | Credit | Questionable continuation of income | CRED 0045 | 2 | Acknowledged | Missing confirmation from each borrower's employer, (redacted), verifying the borrowers are allowed to work remotely. |  | Verified reserves - Required (redacted) months of reserves + (redacted) months for each of the (redacted) REO's with verified assets of (redacted) months. ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 01/16/2026 remote letter and income docs | 01/16/2026 EV2/B - Finding is downgraded with the attached post-consummation dated email from the employer confirming primary borrower is working remotely from CA. Included is an updated 1008/1003 removing the co-borrower base income. NOTE: DTI variance with the removal of the co-borrowers base income < 3%, thus considered non-material. | Funded C B |
| 1029472 | XXXX | 1156236 | 12/23/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing documentation to verify market rent of (redacted) used to qualify for the borrower's departing residence via a form (redacted). Page (redacted) of the GL states if no lease is available for the departing residence, the following is required: LOE from borrower regarding intent to rent within (redacted) days of COE, Property cannot be listed for sale, Market rent (redacted), Cash flow = (redacted) of market rent minus PITIA. The file contains an LOE which states they will rent the departure home; however, it does not state it will be rented within (redacted) days of COE. (DTI with full payment included is (redacted). Max allowed DTI is (redacted). | 01/05/2026 | Verified reserves - Required (redacted) months of reserves + (redacted) months for each of the (redacted) REO's with verified assets of (redacted) months. ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; |  | 01/05/2026 (redacted) provided with documents for CRED 0096. - 01/05/2026 1007 provided with documents for CRED 0096. | Funded C A |
| 1029472 | XXXX | 1156237 | 12/23/2025 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing documentation verifying the PITIA for (redacted). No mortgage statement in file to verify if the mortgage was escrowed. | 01/05/2026 | Verified reserves - Required (redacted) months of reserves + (redacted) months for each of the (redacted) REO's with verified assets of (redacted) months. ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 01/04/2026 PITIA for XXXX. | 01/05/2026 Documentation to verify the PITIA for (redacted) received with (redacted) to verify rental income used to qualify. - 01/05/2026 Documentation to verify the PITIA for XXXX received with 1007 to verify rental income used to qualify. | Funded C A |
| 1029529 | XXXX | 1157004 | 12/30/2025 | Credit | DSCR Calculation Discrepancy | DSCR 0001 | 2 | Acknowledged | Review calculated DSCR of .76% is less than the required 1.00 for a cash out refinance. Variance in review DSCR compared to the lender's appears to be due to the subject taxes and insurance. Taxes pgs 155/184 $159.52 per mth / $1914.20 per yr. Insurance pg 187 $480.81 per mth / $5,769.69 per yr. ($1260 / PITIA $1,645.85 =.765) |  | Verified reserves - 87 months of verified reserves when GL required 3.; Verified credit history - 743 Fico w/a minimum requirement of 680.; Established Landlord history - Borrower has a history of owning and managing multiple properties under his LLC that are all owned free and clear.; | 01/07/2026 1/7 MM: XXXX does round up for our ratios. Since the calculation is $1,259.21/$1,260=0.99937 we would round up to 1.00. Are we able to proceed with the DSCR as 1.00<br> 01/05/2026 12/31 MM: Please see attached HOI policy that shows the total policy premium us $5,769.69. The policy has 3 different addresses on the policy. The premium for the subject property is $1,129.99.<br> 12/31/2025 12/31 MM: Please see attached HOI policy that shows the total policy premium us $5,769.69. The policy has 3 different addresses on the policy. The premium for the subject property is $1,129.99. | 01/21/2026 EV2/B - Email received from XXXX OK to accept DSCR rounded to 1.00.<br> 01/08/2026 Pending XXXX acknowledgement of use of rounding to meet minimum required DSCR.<br> 01/05/2026 Policy subject policy with premiums for the 3 properties broken out received. Using the updated HOI amount of 102.50 per mth results in updated DSCR of 0.99. This is still less than the required 1.00.<br> 01/05/2026 Policy subject policy with premiums for the 3 properties broken out received. Using the updated HOI amount of 102.50 per mth results in updated DSCR of 0.99. This is still less than the required 1.00. | Funded C B |
| 1027924 | XXXX | 1156750 | 12/29/2025 | Property | Non-Warrantable Condominium | COND 0011 | 2 | Acknowledged | Property does not meet the the following (redacted) Condotel requirements. Appraisal notes XXXX \*The subject project has access to and shares recreational facilities with the XXXX portion of the development. Questionnaire also not confirms XXXX |  | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 01/16/2026 Please waive/downgrade<br>01/13/2026 Rebuttal<br>01/06/2026 Approval<br>12/31/2025 Condo Questionnaire | 01/16/2026 EV2/B - Investor accepts the non-warrantable condo. GL only requires a project questionnaire. <br> 01/14/2026 Disagree, project is ineligible per FNMA selling guide due to name containing "hotel"; project name XXXX. The project was not eligible for a limited review. Additionally, the project is located in a mixed use building which is ineligible per guidelines. Investor approval required.<br> 01/08/2026 XXXX project review received.<br> \*\*Finding remains, Missing XXXX approved Exception.<br> 01/05/2026 Missing investor approval of the condotel. | Funded C B |
| 1027924 | XXXX | 1156849 | 12/29/2025 | Compliance | Missing Home Loan Toolkit | TRID 0133 | 1 | Closed | Missing evidence of delivery of the Home Loan Tool kit. Disclosure tracking for the initial disclosures does not disclose all the documents sent. | 01/05/2026 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 12/31/2025 Disclosure Tracking | 01/05/2026 Finding is cleared with the attached disclosure tracking. - 01/05/2026 Finding is cleared with the attached disclosure tracking. | Funded C A |
| 1027924 | XXXX | 1156856 | 12/29/2025 | Credit | Missing Bank Statement(s) | CR 0012 | 1 | Closed | Missing legible copy of the XXXX statements for A/# ending in (redacted). Funds are needed to verify sufficient funds to close and reserves. | 01/06/2026 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 12/31/2025 Bank Statements | 01/06/2026 (redacted) mths (redacted) statements received. - 01/06/2026 2 mths MS statements received.<br>01/05/2026 All the information on the attached MS statements have been redacted. Missing a complete copy of the legible MS 1031 asset statements. | Funded C A |
| 1028450 | XXXX | 1155990 | 12/21/2025 | Compliance | Final APR Outside Tolerance of .125 from APR 3 Business Days Prior to Closing | TRID 0206 | 2 | Acknowledged | APR on Final CD dated XX/XX/XXXX decreased more than 0.125 compared to prior disclosed CD dated XX/XX/XXXX - variance of: 0.258.<br>APR on CD XX/XX/XXXX: 7.887%<br> APR on CD XX/XX/XXXX: 7.629%<br>EV2/B due to decrease in APR (Benefit to borrower) |  | Verified credit history - 703 Representative credit score exceeds the minimum required credit score of 620 by 83 Points. <br>; |  | Client: EV2/B - Benefit to borrower, APR decreased. | Funded C B |
| 1028492 | XXXX | 1156065 | 12/22/2025 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 1 | Closed | Missing executed seller CD or combined alta settlement statement with the buyer and seller fees. | 12/30/2025 | Verified reserves - $784,778.95 reserves exceed the minimum required of $89,133.66 exceeds the minimum by 46.83 months over the required minimum. <br>; Verified credit history - 743 Representative credit score exceeds the minimum required credit score of 700 by 43 Points. <br>; | 12/30/2025 Seller Closing Disclosure | 12/30/2025 Executed seller CD received. | Funded C A |
| 1029524 | XXXX | 1157022 | 12/30/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing legal description to DOT. | 01/08/2026 | Verified reserves - 123 months of verified reserves when GL required 3.; Established Landlord history - Borrower has a history of owning and managing multiple properties under his LLC that are all owned free and clear.; | 01/06/2026 01/06/26 - XXXX: Please see attached. <br>12/31/2025 12/31/25 - XXXX: Please see attached. | 01/08/2026 Exhibit A received.<br>01/02/2026 Received the Exhibit A to the title commitment. Missing the legal description to the Deed of Trust. | Funded C A |
| 1029524 | XXXX | 1157067 | 12/30/2025 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | Missing copy of the final CD for XXXX to verify loan amount of $XXXX. Loan closed XX/XX/XXXX. | 01/02/2026 | Verified reserves - 123 months of verified reserves when GL required 3.; Established Landlord history - Borrower has a history of owning and managing multiple properties under his LLC that are all owned free and clear.; | 12/31/2025 12/31/25 - KJ: Please see attached. | 01/02/2026 Finding is cleared with the attached copy of the final CD and Note. | Funded C A |
| 1029651 | XXXX | 1155933 | 12/21/2025 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final (redacted) reflects no assets used for closing and no real estate owned. (Review used (redacted) accounts ending in (redacted) and (redacted) for funds to close and reserves). |  | Verified reserves - (redacted) mths of verified reserves w/a minimum requirement of (redacted) mths.; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified housing payment history - Mtg on primary verified (redacted).; | 12/24/2025 12/24 MM: Please see attached document that shows assets reporting | Mitigated Risk: 12/26/2025 EV2/B - Recd unexecuted updated application reflecting borrowers assets and primary residence.<br>EV2/B Non-Material | Funded C B |
| 1029651 | XXXX | 1156137 | 12/22/2025 | Credit | Missing Bank Statement(s) | CR 0012 | 1 | Closed | Missing the statement covering (redacted) for (redacted) A/# ending (redacted). Documentation covers less than (redacted) mnths as required. (redacted) | 12/26/2025 | Verified reserves - (redacted) mths of verified reserves w/a minimum requirement of (redacted) mths.; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified housing payment history - Mtg on primary verified (redacted).; | 12/24/2025 12/24 MM: According to the guidelines Assets may be verified using: Direct written verification covering a period of one (1) month, completed by the depository; or Recent and consecutive account statements covering a period of one month for each bank, brokerage, mutual fund account or investment portfolio. Account statements must provide all of the following information:<br>Borrower as the account holder;<br>Account number;<br>Time period covered;<br>Current balance in US Dollars ($); and<br>Statement date. | 12/26/2025 Agree, per guidelines assets must be sourced/seasoned for one (redacted) month. - 12/26/2025 Agree, per guidelines assets must be sourced/seasoned for one (1) month. | Funded C A |
| 1030532 | XXXX | 1156073 | 12/22/2025 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 2 | Acknowledged | Missing Affiliated Business Disclosure. The FACTS disclosure (redacted) indicates that lender does have affiliates. |  | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 02/20/2026 Affiliated business attestation | 02/23/2026 EV2/B - Lender confirms no affiliated businesses were used for the subject transaction. | Approved C B |
| 1030532 | XXXX | 1157253 | 12/31/2025 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | The appraisal reflects the property is located in flood zone AE. The flood certificate reflects zone X. The flood certificate map number noted on the appraisal matches the flood certificate. | 02/13/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 02/12/2026 Updated Appraisal | 02/13/2026 Finding is cleared with the attached revised appraisal, flood zone x. - 02/13/2026 Finding is cleared with the attached revised appraisal, flood zone x. | Approved C |
| 1030532 | XXXX | 1157308 | 12/31/2025 | Credit | Asset Documentation is Insufficient | CRED 0083 | 2 | Acknowledged | The file is missing two full months of statements. The file included bank statements and account activity for (redacted) acct (redacted) from (redacted). Per the guidelines, Assets being used for down payment, closing costs, debt pay-off, and reserves must be verified with account statements for the most recent (redacted) months and reflect a consecutive (redacted) days of asset verification. |  | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; |  | 03/06/2026 EV2/B - Investor Acknowledged Exception, fico is 20+ points above minimum. | Approved C B |
| 1030532 | XXXX | 1157390 | 01/02/2026 | Credit | Income Calculation Discrepancy | CRED 0084 | 2 | Acknowledged | Review DTI (redacted) / Approved DTI (redacted), variance > (redacted) due to lender's qualifying self-employment income based on an expense ratio of (redacted) and (redacted). Review used (redacted) as per guidelines. No (redacted) ratio provided to support lower expense ratio used. -- Per guidelines, Fixed Income Expense Ratio: (redacted) - most business types. |  | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 03/17/2026 Updated 1008<br>03/11/2026 1008 | 03/17/2026 EV2/B - Investor accepts revised 1008/income calculation without a revised 1003. Income was revised from prior presentment. Revised DTI 29.82% / 35.59% Review, variance > 3% due to deposits in UBS account being included where only Zelle deposits were indicated to be for business use. Review DTI did not increase above 45% and is < 50% Max.<br>03/16/2026 Finding is partially cleared with the attached revised 1008. Missing revised 1003 and income calculation worksheets. | Approved C B |
| 1030198 | XXXX | 1157162 | 12/31/2025 | Credit | Missing CPA Letter | CRED 0138 | 1 | Closed | Missing (redacted) letter for borrowers business: (redacted). (redacted) letter states (redacted). All business documentation states (redacted). | 01/28/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; | 01/21/2026 1/21 MM: Please see attached document that shows borrower is the Sole MBR of the LLC.<br> 01/06/2026 1/6 MM: Yes, the CPA letter in the file does show XXXX but there is a certification of good standing in the file dated 12/9/2025 in the file for XXXX. . | 01/28/2026 Finding re-reviewed and cleared. GL does not require a (redacted) letter. Ownership satisfactorily documented with the operating agreement. - 01/28/2026 Finding re-reviewed and cleared. GL does not require a CPA letter. Ownership satisfactorily documented with the operating agreement.<br>01/23/2026 CPA letter must be corrected.<br>01/09/2026 Missing corrected CPA letter. | Funded C A |
| 1027721 | XXXX | 1157179 | 12/31/2025 | Credit | Purchase Contract is Deficient | CRED 0085 | 1 | Closed | Missing the addendum to the sales contract for the corrected purchase price of XXXX. | 01/08/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of 90% with review CLTV of 75%. ; Disposable Income - The loan has residual income of $10,065.92 monthly. ; Low DTI - Maximum DTI of 50% with review DTI of 38.87%.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified reserves - Required 3 months of reserves with verified assets of 23 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 680 with actual FICO of 808.; | 01/06/2026 Already in file. Sections 2 and 3 of addendum signed 11/17 | 01/08/2026 Received inspection response for form 35, purchase price shall be XXXX signed by both buyer and seller. | Funded C A |
| 1027721 | XXXX | 1157180 | 12/31/2025 | Credit | Questionable Occupancy | CRED 0117 | 1 | Closed | File contains 3 separate HOI policies for the subject and each policy states the Dwelling Use is Landlord/Rental with Landlord Personal Injury Liability Coverage of $500,00, rent loss coverage of $19,000, with limited personal property coverage of $3,000. | 01/10/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of 90% with review CLTV of 75%. ; Disposable Income - The loan has residual income of $10,065.92 monthly. ; Low DTI - Maximum DTI of 50% with review DTI of 38.87%.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified reserves - Required 3 months of reserves with verified assets of 23 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 680 with actual FICO of 808.; | 01/09/2026 Insurance company email<br>01/06/2026 Property is the primary residence. There are two ADU's on the property that have tenants that the borrower inherited which is why there are three insurance policies. No rents were used in qualifying due to the uncertainty if the borrower would continue to rent those units in the future. | 01/10/2026 Email received from ins agent and borrower. - The previous owners are renting the home back from XXXX for 30 days, so it is currently a LLP policy. This will be her primary residence on 1/15/26 and the policy will be re-written from a Landlord Protector policy to her primary residence. The lender will receive the new policy once it is issued. Lilian let me know this was understood with her lender team.<br> 01/08/2026 Finding remains. All policies are landlord policies. Missing updated EOI reflecting a standard owner policy for subject. | Funded C A |
| 1029378 | XXXX | 1157190 | 12/31/2025 | Compliance | Missing evidence of the Seller HUD1 | HUD 0027 | 1 | Closed | Missing seller HUD/CD. | 01/05/2026 | Verified reserves - 65 months of verified reserves when GL required 6.; | 01/02/2026 attached seller cd | 01/05/2026 Seller CD received. | Funded C A |
| 1030213 | XXXX | 1157210 | 12/31/2025 | Property | Missing Third Party Appraisal Review | APPR 0046 | 2 | Acknowledged | Missing Third Party Desk Review or CU score of (redacted) or lower. (redacted) CU is (redacted) and (redacted) CU has no score. |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 01/07/2026 CDA | 01/09/2026 EV2/B - Finding is downgraded to EV2/B with the attached post-consummation dated CDA. | Funded C B |
| 1029741 | XXXX | 1156704 | 12/29/2025 | Credit | Missing evidence of Hazard Insurance | HAZ 0005 | 1 | Closed | Missing HO-(redacted) (interior coverage) insurance documentation. The HOA hazard insurance policy shows it is not Walls-in. The policy states the interior of the unit is not included and the unit owners are responsible for purchasing their own policy. | 01/02/2026 | Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 12/31/2025 Hazard ins | 01/02/2026 Finding is cleared with the attached Ho(redacted). CD confirms premium was paid at closing. - 01/02/2026 Finding is cleared with the attached Ho6. CD confirms premium was paid at closing. | Approved D |
| 1029741 | XXXX | 1156717 | 12/29/2025 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing YTD balance sheet for 2(redacted). Only a P&L was documented in the loan file. | 01/09/2026 | Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 01/08/2026 Balance Sheet | 01/09/2026 Finding is cleared with the attached YTD Balance Sheet. - 01/09/2026 Finding is cleared with the attached UYD Balance Sheet. | Approved C |
| 1029741 | XXXX | 1156718 | 12/29/2025 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing copy of the mortgage statement for the borrower's primary residence (redacted) to verify if taxes and insurance are escrowed. IF not escrowed proof of taxes and insurance are required. | 01/02/2026 | Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 12/31/2025 Mortgage Statement | 01/02/2026 Finding is cleared with the attached mortgage billing statement, taxes and insurance are escrowed. - 01/02/2026 Finding is cleared with the attached mortgage billing statement, taxes and insurance are escrowed. | Approved C |
| 1029741 | XXXX | 1156763 | 12/29/2025 | Credit | Back-end Ratio exception (DTI) | CRED 0004 | 1 | Closed | Review DTI of (redacted) exceeds the max allowed of (redacted). Variance appears to be in the qualifying base income for (redacted). Lender used (redacted), Review used (redacted) which was based off YTD as of (redacted). | 01/30/2026 | Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 01/29/2026 Documentation<br>01/26/2026 Rebuttal, Income Calcs, corrected 1008.<br>01/14/2026 Rebuttal w/ revised income calc and LT<br>01/06/2026 LOX | 01/30/2026 Received updated (redacted) and income calculator. -- Loan was approved under the full doc (redacted)-year program, thus using YTD and prior year average deemed acceptable. Income trend is increasing year over year. - 01/30/2026 Received updated 1008 and income calculator. -- Loan was approved under the full doc 1-year program, thus using YTD and prior year average deemed acceptable. Income trend is increasing year over year. <br> 01/27/2026 Partially agree, using WVOE based on the information current as of 11/15, one pay period passed between TWN dated of 12/1 and last pay 11/5 covering through 11/1.<br>Review DTI 50.51% > 50% Max allowed.<br>Borrower's hours fluctuate each pay period. Review is using YTD + 2024 + 2023 / 34.5 = $5163.18. Lender used YTD average, which is greater than prior two years averages.<br>Per FNMA, <br> Hourly (Hourly gross pay x average # of hours worked per week x 52 weeks) / 12 months<br> ..above calculations must be compared with the documented year-to-date base earnings (and past year earnings, if applicable) to determine if the income amount appears to be consistent. See B3-3.1-01, General Income Information, for additional information about variable income (bonus and overtime).<br>Income Trending: After the monthly year-to-date income amount is calculated, it must be compared to prior years' earnings...<br> If the trend in the amount of income is stable or increasing, the income amount should be averaged.<br>01/14/2026 Finding is partially cleared with the attached updated 1008/income calculation. Review DTI of 50.62% > 50 Max Allowed. Updated 1008 reflects Neg. Cash Flow of $2,673.89, but it should be $2774.27.<br> 01/09/2026 WVOE used for review as it is most recent, however 11/1 paystub does not support the qualifying income. --<br> Per FNMA, Income Trending: After the monthly year-to-date income amount is calculated, it must be compared to prior years' earnings using the borrower's W-2's or signed federal income tax returns (or a standard Verification of Employment completed by the employer or third-party employment verification vendor).<br>If the trend in the amount of income is stable or increasing, the income amount should be averaged.<br>If the trend was declining, but has since stabilized and there is no reason to believe that the borrower will not continue to be employed at the current level, the current, lower amount of variable income must be used.<br>If the trend is declining, the income may not be stable. Additional analysis must be conducted to determine if any variable income should be used, but in no instance may it be averaged over the period when the declination occurred. | Approved C |
| 1029741 | XXXX | 1157405 | 01/02/2026 | Credit | Hazard policy is expired. | HAZ 0008 | 1 | Closed | Missing current master insurance policy. Master property insurance policy expired (redacted). | 01/10/2026 | Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; | 01/09/2026 Updated Policy<br>01/06/2026 Master Policy | 01/10/2026 Updated policies which expire (redacted) received. - 01/10/2026 Updated policies which expire 09/01/26 received.<br>01/09/2026 Attached Certificate of Liability Insurance policy expired 9/1/2025. Missing current master insurance policy. | Approved C |
| 1028542 | XXXX | 1158775 | 01/09/2026 | Compliance | Scrivener's Error | NOTE 0060 | 2 | Acknowledged | Borrower's executed the DOT (redacted) which was prior to the Note date of (redacted). Note date was not corrected and the borrower's did not hand date the note. Missing affidavit from the borrower's and the closing agent confirming the borrower's executed the Note on (redacted). |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - Low DTI of 10.85% < (redacted) Max.; | 03/17/2026 TF 3/17 Please see attached Letter of Explanation, Post-Closed Closing Disclosure, Proof of Delivery.<br>03/13/2026 TF 3/13 Please see attached Notarized Attestation Letter from the Borrower and Attestation letter from Title/Settlement Agent<br>03/13/2026 TF 3/13 Please see attached Notarized Attestation Letter from the Borrower<br>02/24/2026 CT 2/24: The deed of trust contains a valid notarial acknowledgment confirming borrower execution on 12/10/25, and all loan documents—including the note and deed of trust—reflect a consistent effective date of 12/11/25. Accordingly, there is no ambiguity as to the timing or validity of the lien or the debt obligation, and no rescission, enforceability, or priority risk is presented by the one-day execution sequence. While we understand the request for an affidavit as a matter of preference, the existing notarial evidence and consistent effective dating sufficiently document the transaction such that an affidavit is not required as a matter of risk or compliance.<br>02/13/2026 CT 2/13: The date on the note is not the signing date, it's the effective date. There's no legal requirement that the note be signed on the effective date. Please specify the guideline requirement you are relying on for this finding so we can better assist | 03/18/2026 EV2/B - Finding is downgraded with the borrower signed and notarized attestation confirming all loan documents, including the Note, were signed on XX/XX/XXXX. Settlement agent attestation confirming all loan documents, including the Note, were signed on XX/XX/XXXX. PCCD, cover letter, and courier receipt disclosing the correct closing date of XX/XX/XXXX. Closing Information on the CD is out of scope, thus any timing requirement for corrective CD would be not applicable.<br> 03/18/2026 Under Review<br> 03/16/2026 Recd settlement agent attestation confirming all loan documents, including the Note, were signed on XX/XX/XXXX. Still missing revised CD disclosing the closing date of XX/XX/XXXX with evidence of delivery to borrower. <br> 03/16/2026 Recd borrower signed and notarized attestation confirming all loan documents, including the Note, were signed on 12/10.<br> 02/27/2026 Escalated for review.<br> 02/16/2026 Exception comments corrected to, Borrower's executed the DOT 12/10/25 which was prior to the Note date of XX/XX/XXXX. Note date was not corrected and the borrower's did not hand date the note. Missing affidavit from the borrower's and the closing agent confirming the borrower's executed the Note on XX/XX/XXXX | Approved C B |
| 1028989 | XXXX | 1157384 | 01/02/2026 | Property | Non-Warrantable Condominium | COND 0011 | 2 | Acknowledged | Missing investor acknowledgement for the lender approved exception for the wind sublimit. |  | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/13/2026 XXXX exception approval attached | 01/14/2026 EV2/B - Investor Acknowledged Exception | Funded C B |
| 1028989 | XXXX | 1157385 | 01/02/2026 | Credit | Missing Sufficient Evidence of Insurance | INS 0001 | 1 | Closed | Missing evidence of the HO6 coverage. The file included the invoice; however, the declaration page is missing. | 01/09/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/08/2026 HOI | 01/09/2026 Finding is cleared with attached EOI. - 01/09/2026 Finding is cleared with attached EOI. | Funded C A |
| 1028989 | XXXX | 1157400 | 01/02/2026 | Credit | Asset Documentation is Insufficient | CRED 0083 | 1 | Closed | The file is missing (redacted) full months of statements for the (redacted) account (redacted). The file included statements from (redacted). Still need statement for (redacted). | 01/15/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/14/2026 UW Statements LOX | 01/15/2026 Agree, (redacted) opening deposits documented from (redacted) and (redacted). - 01/15/2026 Agree, XXXX opening deposits documented from XXXX and XXXX (pg 280,283). | Funded C A |
| 1028989 | XXXX | 1157404 | 01/02/2026 | Credit | Missing Letter of Explanation | CRED 0104 | 1 | Closed | Discrepancy identified with the primary residence address to be addressed. The HOA statement for the borrowers primary residence reflects unit (redacted), the mortgage statement reflects unit (redacted). | 01/19/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/16/2026 Borrower LOE | 01/19/2026 Per borrower LOX, I bought the units combined and there is only one door to the unit - (redacted): there is only one HOA bill as the one you see below. -- Review (redacted) search confirms the unit lots are one and the same. - 01/19/2026 Per borrower LOX, I bought the units combined and there is only one door to the unit - XXXX: there is only one HOA bill as the one you see below. -- Review USPS search confirms the unit lots are one and the same. | Funded C A |
| 1029242 | XXXX | 1157912 | 01/06/2026 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | Missing (redacted) to verify tenant occupancy and that all repairs/upgrades to the property have been completed and debris removed. Appraisal was completed "As Is" however the property was still under construction as of(redacted). Lease for subject started (redacted) but it is clear that the subject was not tenant ready. | 01/16/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 01/15/2026 Please see attached | 01/16/2026 Agree, appraisal was completed as-is. Attached photos confirm debris has been removed and property is occupied. - 01/16/2026 Agree, appraisal was completed as-is. Attached photos confirm debris has been removed and property is occupied. | Funded C A |
| 1027984 | XXXX | 1157687 | 01/05/2026 | Credit | Asset Documentation is Insufficient | CRED 0083 | 1 | Closed | The file is missing the statement for (redacted). The file included an activity report from (redacted) that does not reflect the account owners name. | 01/08/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Verified housing payment history - Credit report reflects (redacted) open mortgages satisfactorily rated (redacted) and (redacted) months.; | 01/08/2026 Bank activity | 01/08/2026 Agree, October statement. - 01/08/2026 Agree, October statement (pg 1345). | Funded C A |
| 1029310 | XXXX | 1157628 | 01/05/2026 | Credit | Income Documentation is Insufficient | CRED 0082 | 2 | Acknowledged | (redacted) is being used in lieu of a (redacted). Missing distance of comparables from subject and the date the income was forecasted. -- Per guidelines, Minimum (redacted) comparable properties within (redacted) miles of subject or have same zip code and (redacted)-month forecast period from note date. |  | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The loan has residual income of (redacted) monthly. ; | 01/16/2026 AirDNA<br> 01/13/2026 Document was pulled on 11/17/2025 <br> 01/08/2026 AirDNA map and zip code map. All comps fall into zip code XXXX | 01/19/2026 EV2/B - Finding is downgraded with the attached post-consummation dated AirDNA, projected revenue increased from $53.4K to $55.2K with income forecasted over 2026. A map to showing comparables are located in the same zip code as subject was previously provided. Post-consummation dated report with forecast period is in support of the pre-consummation dated report that was missing forecast detail.<br> 01/15/2026 Escalated to investor for review.<br> 01/09/2026 Finding is partially cleared with the attached map to shoe comparables are located in the same zip code as subject. -- AirDNA does not reflect the forecast date. | Funded C B |
| 1029310 | XXXX | 1158026 | 01/06/2026 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing the lender's underwriting approval / underwriting decision. | 01/19/2026 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The loan has residual income of (redacted) monthly. ; | 01/16/2026 Approval | 01/19/2026 Finding is cleared with the attached loan approval. - 01/19/2026 Finding is cleared with the attached loan approval. | Funded D A |
| 1029310 | XXXX | 1158029 | 01/06/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing AUS submission. -- Per guidelines, AUS / (redacted) Findings MUST be run at CTC regardless of being a manual underwrite. | 01/09/2026 | Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Disposable Income - The loan has residual income of (redacted) monthly. ; | 01/08/2026 DU | 01/09/2026 Finding is cleared with the attached (redacted) submission. - 01/09/2026 Finding is cleared with the attached DU submission. | Funded C A |
| 1029966 | XXXX | 1156510 | 12/26/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing Legal Description to Mortgage (Page 374). | 01/09/2026 | Low LTV/CLTV/HCLTV - Low LTV of 56.75% w/a max allowed of 80%.; Verified occupancy in subject property - Borrowers have occupied the subject property for 13.5 years.; Verified credit history - 791 fico w/a minimum requirement of 660.; | 01/08/2026 1/8 SW- See attached | 01/09/2026 Finding is cleared with the attached copy of the recorded mortgage that includes the legal description for subject property. | Funded C A |
| 1029966 | XXXX | 1157532 | 01/03/2026 | Credit | Back-end Ratio exception (DTI) | CRED 0004 | 2 | Acknowledged | Missing 7/31/2025 business bank statement for A/# ending in XXXX. Statement is needed for 12 month business bank statement calculation. Lender used July 2024 which is out of sequence. Bank statements used were XXXX. Final DTI pending. Review DTI excluding income for 07/25 is 52.48% which exceeds the max allowed of 50% |  | Low LTV/CLTV/HCLTV - Low LTV of 56.75% w/a max allowed of 80%.; Verified occupancy in subject property - Borrowers have occupied the subject property for 13.5 years.; Verified credit history - 791 fico w/a minimum requirement of 660.; | 01/19/2026 01/19/26 - KJ: Please see attached. | 01/21/2026 EV2/B - Email received confirming Investor Exception Acknowledgement of DTI variance less than 1%.<br>01/19/2026 Including the 7/2025 deposits less $10 cash reward the DTI decreased to 50.04% > 50% Max Allowed. | Funded C B |
| 1030180 | XXXX | 1157551 | 01/04/2026 | Credit | Insufficient Verified Funds to Close | CRED 0016 | 1 | Closed | Missing wire to the settlement agent in the amount of (redacted) which is reflected as buyer funds Deposited on the final settlement statement. (Unable to verify if was part of the gift funds) | 01/09/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 01/07/2026 Documentation to address uploaded to another condition. No documentation uploaded for this to avoid duplicate uploads. | 01/09/2026 Finding is cleared with the attached gift letter, emd receipts, and wire transfer notifications. - 01/09/2026 Finding is cleared with the attached gift letter, emd receipts, and wire transfer notifications. | Funded C A |
| 1030180 | XXXX | 1157552 | 01/04/2026 | Credit | Missing Gift Letter | GIFT 0001 | 1 | Closed | Missing gift letter, and documentation to verify the transfer of gift funds to the borrower and/or settlement agent in the amount of (redacted) as per the (redacted). Funds are needed to verify sufficient funds to close and the reserves requirement. (Note excess gift cannot be counted towards reserves) | 01/09/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 01/07/2026 Please see funds to close(gifts) update documents. | 01/09/2026 Finding is cleared with the attached gift letter, emd receipts, and wire transfer notifications. - 01/09/2026 Finding is cleared with the attached gift letter, emd receipts, and wire transfer notifications. | Funded C A |
| 1030180 | XXXX | 1157553 | 01/04/2026 | Credit | Insufficient verified reserves | CRED 0100 | 1 | Closed | Total funds required to close (redacted), total verified (redacted). Short (redacted). (No gift documentation presented for review. See GIFT 0001) | 01/09/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 01/07/2026 Documentation to address uploaded to another condition. No documentation uploaded for this to avoid duplicate uploads. | 01/09/2026 Finding is cleared with the attached gift letter, emd receipts, and wire transfer notifications. - 01/09/2026 Finding is cleared with the attached gift letter, emd receipts, and wire transfer notifications. | Funded C A |
| 1030180 | XXXX | 1157991 | 01/06/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing lender loan approval reflecting correct loan program DSCR Plus No Ratio. Approved DSCR (redacted) (redacted) reflects DSCR Core. | 01/09/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 01/07/2026 Please see UW DECISION | 01/09/2026 Finding is cleared with the attached updated underwriting decision, DSCR Plus. - 01/09/2026 Finding is cleared with the attached updated underwriting decision, DSCR Plus | Funded C A |
| 1029680 | XXXX | 1156790 | 12/29/2025 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing Legal Description attached to or contained within Mortgage. | 01/22/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified occupancy in subject property - Borrower has occupied subject property for (redacted) years.; | 01/21/2026 1/21 NR: Please see attached mortgage and legal description. Grant deed also references exhibit A. <br>01/16/2026 1/16 NR: Please see attached<br>01/13/2026 Legal Description | 01/22/2026 Finding is cleared with the attached copy of the Deed of Trust that includes the legal description. - 01/22/2026 Finding is cleared with the attached copy of the Deed of Trust that includes the legal description.<br>01/16/2026 Attached DOT is not for subject property.<br>01/14/2026 Attached Exhibit A appears to be part of the preliminary title report. Missing is the Exhibit A that was to be attached to the Mortgage. | Funded C A |
| 1029331 | XXXX | 1157805 | 01/05/2026 | Credit | Missing Required Fraud Tool | CRED 0089 | 1 | Closed | Missing valid fraud report. Report is Auto Refer. | 01/22/2026 | Low LTV/CLTV/HCLTV - LTV (redacted) < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 01/20/2026 Nu World not a match<br>01/12/2026 NU World Supp Docs<br>01/08/2026 Fraud Report | 01/22/2026 Lender email confirms, alert for (redacted) is not a true match to the watchlist party. - 01/22/2026 Lender email confirms, alert for XXXX title is not a true match to the watchlist party.<br> 01/14/2026 Effective date of the attached exclusionary list is 12/1. The company was added to lenders exclusionary list on 12/2/2025.<br> 01/09/2026 Missing documentation used to address the watchlist match, XXXX. Fraud report relects the company was added to lenders exclusionary list on 12/2/2025. | Funded C A |
| 1029331 | XXXX | 1158337 | 01/07/2026 | Credit | Income Calculation Discrepancy | CRED 0084 | 1 | Closed | Missing lenders rental income calculation worksheet. Unable to reconcile DTI variance > (redacted) due to missing rental income calculation worksheet. It appears the discrepancy may be in the qualifying rental income calculation for subject property. | 01/27/2026 | Low LTV/CLTV/HCLTV - LTV (redacted) < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 01/26/2026 Attached. <br>01/20/2026 LOE with Supp Docs<br>01/12/2026 UW Income Calc LOE | 01/27/2026 Per lender, (redacted) (redacted) – (redacted) statement. Although it is true that the total income is (redacted), our underwriter took a conservative approach of documenting actual rents received. For the tenant (redacted) in Apartment (redacted) where the lease shows (redacted), the underwriter documented (redacted) in actual rents received. (redacted) (redacted). Although the lease for (redacted) in Apartment (redacted) shows (redacted), the borrower documented (redacted) in rents received, so the underwriter pursued the conservative approach of (redacted).Therefore, the total amount that the underwriter used in qualification is (redacted) -- Review is using the lender calculated gross rental income as it is the most conservative approach. - 01/27/2026 Per lender, XXXX ($2100) – November XXXX statement. Although it is true that the total income is $6,184, our underwriter took a conservative approach of documenting actual rents received. For the tenant XXXX in Apartment 3 where the lease shows $2,100, the underwriter documented $2,100 in actual rents received. XXXX ($1511). Although the lease for XXXX in Apartment 1 shows $1,698, the borrower documented $1,511 in rents received, so the underwriter pursued the conservative approach of $1,511.Therefore, the total amount that the underwriter used in qualification is $2,100 + $1,511 = $3,611. -- Review is using the lender calculated gross rental income as it is the most conservative approach.<br> 01/22/2026 Review is still unable to source the qualifying gross rents of $3611. Lender to provide breakdown of qualifying rents for each unit.<br>Per leases,<br> $2100 Unit 1 XXXX<br> $1386 Unit 2 XXXX<br> $1000 Unit 3 XXXX<br> $1698 Unit 4 XXXX<br> Total $6184<br>Operating Income Statement<br> $6184 Current Rent <br> $8000 Market Rent<br> 01/14/2026 Review is unable to source the qualifying gross rents of $3611. | Funded C A |
| 1030435 | XXXX | 1157570 | 01/04/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing Legal Description on Mortgage/DOT. DOT reflects "See Attached," no attachment in the file (p385). | 01/08/2026 | Verified reserves - 18 months of verified reserves when GL required 3.; Verified housing payment history - 64 months of verified mortgage history paid 0x30 since 07/2021.; | 01/07/2026 SW 1/7- See attached | 01/08/2026 Mortgage with Exhibit A received. | Funded C A |
| 1029168 | XXXX | 1158320 | 01/07/2026 | Compliance | Mortgage/Deed of Trust is Incomplete | DEED 0049 | 1 | Closed | The notarization on the Security Deed is not dated. | 01/09/2026 | Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; | 01/08/2026 Closing attorney affidavit included in recorded security deed | 01/09/2026 TPR set in error. Notary is not required to date the acknowledgement in the state of (redacted). - 01/09/2026 TPR set in error. Notary is not required to date the acknowledgement in the state of GA. | Funded C A |
| 1029168 | XXXX | 1158332 | 01/07/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing evidence of insurance on the primary residence (redacted). | 01/14/2026 | Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; | 01/13/2026 HOI | 01/14/2026 Finding is cleared with the attached EOI for primary residence. - 01/14/2026 Finding is cleared with the attached EOI for primary residence. | Funded C A |
| 1029168 | XXXX | 1158333 | 01/07/2026 | Credit | Undisclosed or Excluded Debt | CRED 0086 | 1 | Closed | Missing documentation to support the exclusion of XXXX with a payment of (redacted), as reflected on the (redacted). There is a payoff quote in the file, but no evidence it was paid off. With this debt included, DTI is (redacted), which is a (redacted) variance above the approved DTI. | 01/09/2026 | Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; | 01/08/2026 Avant was paid off at closing. Please Closing Disclosure addendum (page 7) showing disbursement for payoff | 01/09/2026 TPR set in error. CD addendum reflects the liability as being paid at closing. - 01/09/2026 TPR set in error. CD addendum reflects the liability as being paid at closing (pg 886) | Funded C A |
| 1029583 | XXXX | 1157893 | 01/06/2026 | Credit | Income Calculation Discrepancy | CRED 0084 | 1 | Closed | The file is missing bank statements with eligible deposits. The file included (redacted) months of business bank statements (redacted). The bank statements included transfers and construction draw deposits which were included as qualifying income. The file included a letter of explanation confirming the deposits are from the promissory note of the construction loan and require repayment. The construction draws are not eligible income deposits, resulting in (redacted) qualifying income. <br>(redacted) | 02/09/2026 | Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; | 2/3/2026 - Finding is cleared with the attached settlement statements that source qualifying deposits.<br>1/27/2026 - Received bank statement calculator and updated 1008. -- Finding remains. Bank account used for qualifying only reflects (redacted) months with potential eligible deposits. Missing source of the following deposits: <br>(redacted)<br>Borrower is indicated to be a homebuilder, so there should be settlement statements to support. Sourcing required as it appears that this account is primarily used for construction draws, advances and transfers.<br>The following deposits do not appear to be business related based on the line of business:<br>(redacted)<br>All other deposit activity consists of construction draws, loan advances, transfers, and/or refunds. | 2/3/2026 - Finding is cleared with the attached settlement statements that source qualifying deposits.<br>- 2/3/2026 - Finding is cleared with the attached settlement statements that source qualifying deposits. | Approved C |
| 1029583 | XXXX | 1157894 | 01/06/2026 | Credit | Missing Construction Draw Schedule and/or Supporting Documentation | CR 0005 | 1 | Closed | The file is missing the original Note for the construction loan paid at closing. | 01/30/2026 | Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; | 1/27/2026 - Received updated (redacted), transaction was updated from rate/term to cash out. Loan proceeds were used to payoff private short term financing. (redacted) month seasoning requirement met. | 1/27/2026 - Received updated (redacted), transaction was updated from rate/term to cash out. Loan proceeds were used to payoff private short term financing. (redacted) month seasoning requirement met. - 1/27/2026 - Received updated (redacted), transaction was updated from rate/term to cash out. Loan proceeds were used to payoff private short term financing. (redacted) month seasoning requirement met. | Approved C |
| 1029583 | XXXX | 1158239 | 01/07/2026 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing lender loan approval/underwriting decision. Only (redacted) provided. | 02/09/2026 | Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; | 2/2/2026 - Finding is cleared with the attached conditional approval.<br>1/27/2026 - Attached conditional loan approval doesn't appear to be the final loan approval. Appraisal value and LTV are incorrect. | 2/2/2026 - Finding is cleared with the attached conditional approval.<br>- 2/2/2026 - Finding is cleared with the attached conditional approval. | Approved D |
| 1029583 | XXXX | 1164232 | 02/09/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 2 | Acknowledged | Approved DTI (redacted) / Review DTI (redacted), Variance > (redacted) due to ineligible deposits being considered in qualifying. Review DTI < (redacted) Max Allowed. |  | Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; |  | Client: EV2/B - Non-Material, review DTI < (redacted) max allowed. | Approved C B |
| 1029207 | XXXX | 1157871 | 01/06/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing Legal Description on Mortgage/DOT. | 01/08/2026 | Verified reserves - 115 months of verified reserves when GL required 3.; Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since 12/2015.; | 01/08/2026 Please see DOT with Legal | 01/08/2026 Recorded Mortgage w/Exhibit "A" received. | Funded C A |
| 1029797 | XXXX | 1158128 | 01/07/2026 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | The appraiser did not include confirmation the age restriction community was considered in the final value. Per the guidelines, Properties with age-related deed restrictions are acceptable provided, Senior communities comply with applicable laws, and Appraiser notates that the age-related deed restriction was considered in the valuation of the property. | 01/22/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Low DTI - DTI of (redacted) is (redacted) below maximum DTI of (redacted). <br>; | 01/20/2026 1/20 MM: Please see attached docs | 01/22/2026 Finding is cleared with the attached updated appraisal, The subject property is located within a deed-restricted (redacted) age-qualified community. This<br>restriction was considered in the valuation analysis. All comparable sales used in the Sales Comparison Approach are located within the same age-restricted community and are subject to the same deed restrictions. The use of comparables with similar restrictions is intended to reflect<br>typical market behavior within the subject's competitive market segment. As a result, the effect of the age restriction is inherently accounted for in the analysis, and no separate adjustment was applied. - 01/22/2026 Finding is cleared with the attached updated appraisal, The subject property is located within a deed-restricted 55+ age-qualified community. This<br>restriction was considered in the valuation analysis. All comparable sales used in the Sales Comparison Approach are located within the same age-restricted community and are subject to the same deed restrictions. The use of comparables with similar restrictions is intended to reflect<br>typical market behavior within the subject's competitive market segment. As a result, the effect of the age restriction is inherently accounted for in the analysis, and no separate adjustment was applied. | Funded C A |
| 1029365 | XXXX | 1158765 | 01/09/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing the (redacted) mortgage statement for (redacted) to verify taxes and insurance are included in the payment reflected on the credit report. | 01/14/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted); | 01/14/2026 PNC statement | 01/14/2026 Finding is cleared with the attached mortgage statement. - 01/14/2026 Finding is cleared with the attached mortgage statement. | Funded C A |
| 1029546 | XXXX | 1158651 | 01/08/2026 | Credit | Missing Source of Funds | CRED 0108 | 1 | Closed | The file is missing documentation to verify the source of the XXXX deposit. This deposit cannot be deducted from the balance, or the borrower will be short verified funds to close. The XXXX XXXX statement p.389 shows a large deposit on 11/25/2025 of XXXX XXXX. | 01/13/2026 | Low LTV/CLTV/HCLTV - Maximum LTV of 80% with review LTV of 70%. ; Disposable Income - The required residual income is $2,500 and the loan has residual income of $7,009.08 monthly. ; Low DTI - Maximum DTI of 50% with review DTI of 33.85%.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 660 with actual FICO of 775.&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/13/2026 Please see attached. | 01/13/2026 Copy of statement reflecting transfer of funds of $XXXX between borrower's account received. | Funded C A |
| 1029912 | XXXX | 1157347 | 01/02/2026 | Compliance | Estimated Property Costs over Year 1 Are Not Accurate | TRID 0204 | 2 | Acknowledged | The estimated property costs over Year 1 does not include the premium for the FAIR plan. Tax based on (redacted) of purchase price (redacted), HOI premium (redacted), FAIR plan (redacted). Total estimated property costs (redacted), (redacted) months (redacted). The CD reflects (redacted)<br>|  | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Disposable Income - The loan has residual income of (redacted) monthly. ; Verified reserves - Required (redacted) months for subject and (redacted) months for REO reserves with verified assets of (redacted) months; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/19/2026 PCCD & LOX BREAKDOWN <br>01/14/2026 HOI TAX INFO PROP TAX | 01/20/2026 EV2/B - Finding is downgraded wit the attached PCCD and cover letter. US Mailbox Rule to be applied. NOTE: Tax Calc - Purchase Price $2,630,000 x Mill Rate 1.0789 = $28,375.07 + Fixed Charges from Tax Bill $2,567.52 = $30,942.59 / 12 = $2,578.55.<br> 01/14/2026 Finding is partially cleared with the attached documented mill rate. -- Missing PCCD and cover letter disclosing the correct property costs over year 1 and estimated taxes and insurance.<br>Taxes and Insurance:<br> $2567.52 Tax Mill Rate 1.08<br> $214.50 Fair $2,574<br> $221.08 HO3 $2,653<br> Total $3,003.10 x 11 mos = $33,034.10<br>Disclosed $2,960.66 x 11 = $32,567.26 | Funded C B |
| 1029912 | XXXX | 1158448 | 01/08/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | The file is missing documentation to verify the property taxes for (redacted). The Mortgage Statement for this property shows it is not escrowed, no tax bill is in the file.. | 01/16/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Disposable Income - The loan has residual income of (redacted) monthly. ; Verified reserves - Required (redacted) months for subject and (redacted) months for REO reserves with verified assets of (redacted) months; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/16/2026 taxes & insurance on REO | 01/16/2026 Finding is cleared with the attached documented tax and insurance for non-subject property. - 01/16/2026 Finding is cleared with the attached documented tax and insurance for non-subject property. | Funded C A |
| 1029912 | XXXX | 1160991 | 01/20/2026 | Compliance | Missing Evidence of Re-disclosure and a valid COC for the sum of non-specific (lump sum) lender credits and specific lender credits ($) that have decreased from the amount disclosed on the Loan Estimate/Closing Disclosure. | TRID 0121 | 2 | Acknowledged | NEW - PCCD Presented TRID 0204: PCCD did not properly disclose the (redacted) lender credit that was disclosed at closing. Missing final settlement statement to confirm the (redacted) credit disclosed at closing was credited to borrower. -- The amounts disclosed on the last Closing Disclosure for the following fee(s) have increased above the amount disclosed on the Loan Estimate sent on (redacted): Appraisal Fee (redacted), Credit Report Fee (redacted). Each fee within the Cannot Increase category cannot increase unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (redacted) |  | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Disposable Income - The loan has residual income of (redacted) monthly. ; Verified reserves - Required (redacted) months for subject and (redacted) months for REO reserves with verified assets of (redacted) months; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/23/2026 updated docs & FSS <br>01/21/2026 updated pccd | 01/23/2026 EV2/B Finding is downgraded with the attached PCCD, cover letter, and settlement statement to support that the $120 cure was applied to borrower at closing.<br>01/22/2026 Missing cover letter addressed to borrower explaining reason for re-disclosure of the attached PCCD. Also missing the final settlement statement to confirm $120 credit to cure was applied to borrower at closing. | Funded C B |
| 1029658 | XXXX | 1158786 | 01/09/2026 | Property | Missing Third Party Appraisal Review | APPR 0046 | 2 | Acknowledged | The GL's p.21 requires 1 full appraisal and a 3rd Party Desk Review or a CU Score of 2.5 or lower. The FNMA CU score p.1483 is 999 on a scale of 1 to 5 with the comment that no CU score is available. The UW notes p.252 states the CU is 1 so the CDA is not required. The file is missing the required CDA or a FNMA UCDP with a CU score of 2.5 or less. |  | Low LTV/CLTV/HCLTV - Maximum CLTV of 80% with review CLTV of 75%. ; Disposable Income - The required residual income is $2,500 and the loan has residual income of $32,472.45 monthly. ; Low DTI - Maximum DTI of 50% with review DTI of 45.79%.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified reserves - Required 3 months + 2 months for each of 9 REO's of reserves with verified assets of 31 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 660 with actual FICO of 789.&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/14/2026 CDA | 01/14/2026 EV2/B - CDA received is dated post consummation. Value is supported with no variance. | Funded C B |
| 1029694 | XXXX | 1158648 | 01/08/2026 | Credit | Asset Documentation is Insufficient | CRED 0083 | 2 | Acknowledged | Updated Exception - Missing updated statement, transaction history or similar document reflecting the liquidation of funds for cash to close from the (redacted) account. Transaction history in file indicates the borrower may have liquidated the retirements account (redacted) into the (redacted) account for cash to close, but documentation was not provided in file to confirm. -- Per guidelines, Statements from the investment management company or bank are required to verify the ownership of the account/asset, the value of the asset at the time of sale or liquidation, and the Borrower's actual receipt of the funds realized from the sale or liquidation of the assets if needed to complete the transaction; <br>Original Exception - The file is missing documentation for the large deposits in the XXXX on (redacted) for (redacted) plus (redacted) on (redacted). Per g/l assets must be sourced / seasoned for (redacted) mth. |  | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/13/2026 01/13/26 - KJ: The assets held in XXXX were not utilized to satisfy the borrower's funds to close requirement per the final loan application. The large deposits on 12/08/25 and 12/11/25 are not required to be addressed per pages #16-17 of the agreed upon guidelines between XXXX and XXXX. | 01/19/2026 EV2/B - Investor acknowledged exception based Pershing retirement account verified and can clearly see the transfers into Desert Financial, the down payment is well documented.<br>01/14/2026 Attached guidelines are post-consummation dated 1/13/2026. TPR has not received approval to use the attached guidelines from investor. Escalating to client for review. | Funded C B |
| 1030349 | XXXX | 1158694 | 01/08/2026 | Credit | Seller Contributions exceed 2% | CRED 0081 | 1 | Closed | Seller contributions are 3.57%. Per the XXXX Underwriting Overlays interested party contributions follow FNMA or FHLMC, both limit XXXX on investment properties to 2%. | 01/13/2026 | Verified reserves - $46,957.18 reserves exceed the minimum required of $5,837.37 exceeds the minimum by 21.13 months over the required minimum. <br>; Verified credit history - 790 Representative credit score exceeds the minimum required credit score of 700 by 90 Points. <br>; Verified housing payment history - 0x30 mortgage history for 79 months. <br>; | 01/12/2026 Please see response for IPC suspense. We disagree with suspense. | 01/13/2026 Agree w/seller response. TPR error. | Funded C A |
| 1030504 | XXXX | 1158897 | 01/09/2026 | Credit | Missing Copy of Quit Claim Deed | QCD 0001 | 1 | Closed | Per title the subject is vested in XXXX and XXXX as individuals, the loan closed in the name of the LLC. Missing executed quit claim deed transferring title from XXXXX and XXXX to XXXX as required per title Sch B Pt I #4 p345. | 01/13/2026 | Verified reserves - 3 months reserves or $9,481.71 required, 32.79 months reserves or $103,627.12 verified. <br>; | 01/12/2026 Please see QUIT CLAIM Deed | 01/13/2026 Executed and notarized QCD dated 12/19/25 received. | Funded C A |
| 1029453 | XXXX | 1158994 | 01/10/2026 | Credit | Missing Required Fraud Tool | CRED 0089 | 1 | Closed | Missing rescored fraud report with all fraud findings satisfactorily addressed. Report in file is Auto Refer. | 01/13/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - DTI of (redacted) < (redacted) Max Allowed.; | 01/13/2026 Fraud report | 01/13/2026 Updated fraud report received. - 01/13/2026 Updated fraud report received. | Funded C A |
| 1029453 | XXXX | 1159262 | 01/12/2026 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing lender's loan approval / underwriting decision and (redacted). | 01/16/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - DTI of (redacted) < (redacted) Max Allowed.; | 01/15/2026 Loan approval | 01/16/2026 Finding is cleared with the attached loan approval. - 01/16/2026 Finding is cleared with the attached loan approval. | Funded D A |
| 1029533 | XXXX | 1159000 | 01/10/2026 | Credit | Fraud report alerts have not been addressed | FRAUD 0001 | 1 | Closed | Missing documentation used to clear high fraud alerts on SAM not addressed, page 740. | 01/13/2026 | Verified employment history - Borrower has been self-employed 1099 XXXX for 7+ years.; Minimal outstanding debt - Credit report reflects minimal outstanding debt owed with balances well below high credit limits on accounts outstanding.; Verified reserves - 84 months of verified reserves when GL required 3.; | 01/12/2026 SAM.GOV searches, not a match<br>01/12/2026 Fraud report clearance w/UW comments attached. UW indicates no discrepancies found for appraiser, buyers agent or Account manager. Please clear condition | 01/13/2026 SAM.GOV searches received, no match to the participants. - 01/13/2026 SAM.GOV searches received, no match to the participants.<br>01/12/2026 Duplicate copy of the fraud report presented in the origination file received.<br>\*\* Finding remains, Missing documentation used to clear alerts (Copy of SAM searches). | Funded C A |
| 1029641 | XXXX | 1157622 | 01/05/2026 | Compliance | Loan cannot close during 12-day cooling off period | TXEQ 0007 | 1 | Closed | Missing executed (redacted) - Notice of Extension of Credit Disclosure ((redacted) Day) dated (redacted) days prior to the closing date (redacted). Copy of disclosure was not executed. Tracking documentation confirms it was sent to the borrower (redacted). | 01/21/2026 | Disposable Income - The required residual income is $2,500 + $150 for dependent and the loan has residual income of $5,611.26 monthly. ; Verified reserves - Required 6 months of reserves with verified assets of 16 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 700 with actual FICO of 750.&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/21/2026 disclosure | 01/21/2026 Notice of Extension of Credit Disclosure esigned 10/05/25 received. - 01/21/2026 Notice of Extension of Credit Disclosure esigned 10/05/25 received. | Approved C |
| 1029641 | XXXX | 1157623 | 01/05/2026 | Compliance | Fair Market Value Disclosure not provided or executed by Title Holders or Lender | TXEQ 0011 | 1 | Closed | Fair Market Value Disclosure is not executed by the Lender. | 01/13/2026 | Disposable Income - The required residual income is $2,500 + $150 for dependent and the loan has residual income of $5,611.26 monthly. ; Verified reserves - Required 6 months of reserves with verified assets of 16 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 700 with actual FICO of 750.&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/13/2026 Fair Market Value Disclosure | 01/13/2026 Lender executed Fair Market Disclosure received. - 01/13/2026 Lender executed Fair Market Disclosure received. | Approved C |
| 1029641 | XXXX | 1159045 | 01/12/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | The file is missing documentation verifying what property (redacted) is attached to. The credit report lists a mortgage with (redacted) for (redacted) with a payment of (redacted) and describes it as Home Improvement. The signed final (redacted) does not list this mortgage under the subject property on the REO section. (redacted) is listed as an installment debt under liabilities on of the final (redacted). | 01/23/2026 | Disposable Income - The required residual income is $2,500 + $150 for dependent and the loan has residual income of $5,611.26 monthly. ; Verified reserves - Required 6 months of reserves with verified assets of 16 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 700 with actual FICO of 750.&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/22/2026 see attached - There is documentation in the file to show this is not a mortgage. It was a pool loan but it was not secured by the property, just an installment loan. <br>01/16/2026 Hello, Please see Teams response. | 01/23/2026 Finding is cleared with the attached credit supplement confirming the loan is not a mortgage and a copy of the loan agreement confirming the borrower pledged assets. - 01/23/2026 Finding is cleared with the attached credit supplement confirming the loan is not a mortgage and a copy of the loan agreement confirming the borrower pledged assets.<br>01/19/2026 Partially agree, home improvement loan is reporting as Mortgage on the credit report. Missing credit supplement confirming the liability is an installment debt, not a mortgage. | Approved C |
| 1029641 | XXXX | 1159151 | 01/12/2026 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing lender's loan approval / underwriting decision. | 02/02/2026 | Disposable Income - The required residual income is $2,500 + $150 for dependent and the loan has residual income of $5,611.26 monthly. ; Verified reserves - Required 6 months of reserves with verified assets of 16 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 700 with actual FICO of 750.&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/31/2026 Approval<br>01/16/2026 Approval | 02/02/2026 Finding is cleared with the attached underwriting conditional approval. - 02/02/2026 Finding is cleared with the attached underwriting conditional approval.<br>01/19/2026 Attached loan approval does not reflect the final loan terms. | Approved D |
| 1029783 | XXXX | 1159458 | 01/13/2026 | Credit | Condo Documentation is Insufficient | COND 0002 | 1 | Closed | Missing condo questionnaire and master insurance policy for XXXX | 01/20/2026 | Verified reserves - 40 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self-employed for 7 years.; | 01/19/2026 01/19 AD: The project is PERS approved and therefore Fannie Mae guidelines allow for this verification to be provided in lieu of these documents. Please see attached. | 01/20/2026 Finding is partially cleared with the attached CPM, FNMA project approval expiration of 2026-12-01. CPM tracks pers approval. Guidelines allow the use of pers approved projects. -- Still missing master insurance policy. | Funded C A |
| 1030144 | XXXX | 1157669 | 01/05/2026 | Compliance | Cannot Reconcile LE / CD Versioning | TRID 0137 | 1 | Closed | Missing CD issued XX/XX/XXXX. Change of Circumstance issued XX/XX/XXXX (Page 470) and Tracking Document (Page 689) refers to a Closing Disclosure issued XX/XX/XXXX | 01/14/2026 | Low LTV/CLTV/HCLTV - Low LTV of 46.51% < 85% Max Allowed.; Verified employment history - Borrower has been self-employed for 23 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 21 years.; | 01/13/2026 LI 1/13 Please see attached ICD issued 12/12 and signed 12/13 | 01/14/2026 Finding is cleared with the attached copy of the interim CD. | Funded C A |
| 1030144 | XXXX | 1157674 | 01/05/2026 | Compliance | Missing valid Change of Circumstance(s) | TRID 0171 | 1 | Closed | COC for LE issued XX/XX/XXXX is not in file. Changes noted are a decrease in the loan discount fee and a change in title fees. | 01/14/2026 | Low LTV/CLTV/HCLTV - Low LTV of 46.51% < 85% Max Allowed.; Verified employment history - Borrower has been self-employed for 23 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 21 years.; | 01/13/2026 LI 1/13 Disagree: A cofc is not required. The initial LE that was issued on 11/26 was floating so the Discount Points can change per TILA 1026.19(e)(3)(iv)(D). On 12/11 the loan locked with discounts points of $42,207.34 and disclosed a CD to the borrower. Please see attached redisclosed CD, Lock Confirmation, and Final CD.<br>Please see attached Final CD and Tolerance breakdown for title fees increasing above the allowed amount. | 01/14/2026 Agree, no fee violations. | Funded C A |
| 1030144 | XXXX | 1159004 | 01/10/2026 | Credit | Title Policy - Schedule A Exception | TITL 0013 | 1 | Closed | Short form loan policy is missing PUD endorsement (pg 708). | 01/22/2026 | Low LTV/CLTV/HCLTV - Low LTV of 46.51% < 85% Max Allowed.; Verified employment history - Borrower has been self-employed for 23 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 21 years.; | 01/22/2026 1/22 NR: Please see attached | 01/22/2026 PUD endorsement- Alta 5.1-06 received. | Funded C A |
| 1030144 | XXXX | 1159006 | 01/10/2026 | Credit | Insufficient verified reserves | CRED 0100 | 1 | Closed | Loan applications show checking accounts with XXXX and XXXX that are not in the file. Short reserves IAO $68548.80. Cash for reserves needed $83786.40 less available of $15237.60 = ($68548.80) shortage. | 01/16/2026 | Low LTV/CLTV/HCLTV - Low LTV of 46.51% < 85% Max Allowed.; Verified employment history - Borrower has been self-employed for 23 years.; Verified occupancy in subject property - Borrower has occupied the subject property for 21 years.; | 01/15/2026 1/15 tm: Bank statement guidelines allow for the cash value of life insurance policies to be used as a source of reserves. The attached policies were provided. | 01/16/2026 Finding is cleared with the attached life insurance policies reflecting sufficient cash values to cover reserves. | Funded C A |
| 1030310 | XXXX | 1157835 | 01/06/2026 | Compliance | Missing revised LE after Change of Circumstance | TRID 0172 | 1 | Closed | Missing corresponding LE's for COCs issued(redacted). Tracking documents do not include disclosures, only the COC events. | 01/15/2026 | Verified employment history - Borrower has been self-employed as a XXXX for (redacted) years.; Low DTI - Low DTI (redacted) < (redacted) Max Allowed.; | 01/13/2026 LI 1/13 Redisclosed LE/CDs are only required per TILA 1026.19(e)(3)(iv)(A) when the baseline for tolerances is being reset by the related COC. As the 11/26 COC for the appraised value change and the 12/3 COC for to waives taxes and Insurance did not impact pricing and therefore the baseline for tolerances did not need to be reset so a redisclosed LE was not issued. | 01/15/2026 Agree, no tolerance violations. Disclosure tracking does not indicate that there were any re-disclosures issued for the coc's noted. - 01/15/2026 Agree, no tolerance violations. Disclosure tracking does not indicate that there were any re-disclosures issued for the coc's noted. | Funded C A |
| 1030310 | XXXX | 1159026 | 01/11/2026 | Credit | Gift Funds not Properly Verified | CRED 0018 | 1 | Closed | Missing proof of transfer on gift funds of (redacted) to be wired to closing company. | 01/15/2026 | Verified employment history - Borrower has been self-employed as a XXXX for (redacted) years.; Low DTI - Low DTI (redacted) < (redacted) Max Allowed.; | 01/14/2026 1/14 tm: The gift was not received because it was not needed. The borrower had sufficient funds of their own. | 01/15/2026 Agree, gift funds were not needed for cash to close thus excluded. - 01/15/2026 Agree, gift funds were not needed for cash to close thus excluded. | Funded C A |
| 1030314 | XXXX | 1159389 | 01/13/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing legal description to DOT. | 01/14/2026 | Verified reserves - 62 months verified reserves when GL required 3.; Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since 12/2006.; | 01/14/2026 1/14 RF please see attached | 01/14/2026 Recorded mortgage w/Exhibit A received. | Funded C A |
| 1030350 | XXXX | 1159028 | 01/11/2026 | Property | Non-Warrantable Condominium | COND 0011 | 2 | Acknowledged | Non-Warrantable Condominium: 1) Insufficient Reserves - new project no line item for 2025, 7% allocation for 2026; 2) Excessive Named storm deductible: 10%, -- Investor Approved Exception pg 682.<br>|  | Low LTV/CLTV/HCLTV - Low LTV of 42.17%.; Verified housing payment history - 67 months of verified mortgage history paid 0x30 since 04/2021.; |  | Client: EV2/B Investor Acknowledged Exception | Funded C B |
| 1030384 | XXXX | 1157870 | 01/06/2026 | Compliance | Cannot Reconcile LE / CD Versioning | TRID 0137 | 1 | Closed | Missing CD issued (redacted). Tracking Documents shows a Closing Disclosure issued and received on (redacted). | 01/14/2026 | Low LTV/CLTV/HCLTV - LTV of (redacted) < (redacted) Max Allowed.; Verified employment history - (redacted) has been self-employed for (redacted) years and (redacted) has been employed with same employer for (redacted) years.; | 01/13/2026 LI 1/13 Please see attached Initial CD from 12/16 that was consented to on 12/16 | 01/14/2026 Finding is cleared with the attached copy of the initial CD. - 01/14/2026 Finding is cleared with the attached copy of the initial CD. | Funded C A |
| 1031265 | XXXX | 1159566 | 01/13/2026 | Credit | Missing Verification of Rental | CRED 0021 | 1 | Closed | Missing verification of (redacted) rental payment history for (redacted), per the final (redacted). The only VOR in the file is for (redacted). | 01/27/2026 | Verified reserves - (redacted) months of verified reserves when AUS required none.; Verified employment history - Borrower has been self-employed for (redacted) years.; | 01/27/2026 Please see attached 1008, AUS, and lock reflecting loan program change to XXXX DU NQM. Please re-review to that product and thank you!<br>01/20/2026 are you showing this LOCKED as a DU non-QM ? <br>01/16/2026 VOR | 01/27/2026 Received (redacted), (redacted), and Investor Lock reflecting (redacted) approved. -- Guideline/(redacted) does not require a VOR. - 01/27/2026 Received DU, 1008 DU NQM Program, and Investor Lock reflecting DU approved. -- Guideline/DU does not require a VOR.<br> 01/22/2026 No, the XXXX lock in file reflects Platinum-Near-Prime, not the LR DU/Non QM program. (The 1008 reflected NAF PL NQM 12 Mo Bank Statement).<br> 01/16/2026 Attached post-consummation dated VOR was completed by the landlord, not property management company. Cancelled checks or bank statements is required to validate rental history. -- Per guidelines, The rating may come from the credit report, institutional VOR/VOM, bank statements.<br> canceled checks, or equivalent documentation | Funded C A |
| 1031265 | XXXX | 1159568 | 01/13/2026 | Credit | Missing CPA Letter | CRED 0138 | 2 | Acknowledged | Missing (redacted) letter or alternative documentation verifying the business existence, (redacted) year history, and percentage of ownership. The only verification in the file is a printout of the business website. |  | Verified reserves - (redacted) months of verified reserves when AUS required none.; Verified employment history - Borrower has been self-employed for (redacted) years.; | 01/16/2026 Per Team, "Per the Business Navarrete, the Borrower is a Sole Proprietor as an Artist. A Business License is not required for this line of business. <br> We have attached the borrower website (See attached) XXXX that shows he is a Sole Artist and the Bank Statements shows that the Borrower is the SOLE owner of the bank account and is combine his personal bank accounts with XXXX. " | 01/16/2026 EV2/B - Received post-consummation dated screen-prints from the borrowers website that reflects upcoming events, thus confirming the business is still active, which is in support of the screen-prints from the website and business bank statements in file that were obtained pre-consummation. TPR confirmed business website shows a PO Box in OH listed as the business address. Per guidelines, Phone listing and address using a telephone book, the Internet, or directory assistance can be used to verify existence of the borrower business. | Funded C B |
| 1029446 | XXXX | 1159510 | 01/13/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing attachment to the Deed of Trust with the legal description (p708/711). | 01/14/2026 | Low LTV/CLTV/HCLTV - 58.30% LTV is below the maximum 80% LTV by 21.70%. <br>; Verified credit history - 774 Representative credit score exceeds the minimum required credit score of 700 by 74 Points. <br>; Verified housing payment history - 0x30 mortgage history for 116 months. <br>; | 01/14/2026 1/14 SW- see attached | 01/14/2026 Recorded mortgage with Exhibit A received. | Funded C A |
| 1029446 | XXXX | 1159515 | 01/13/2026 | Credit | Entity Documentation is Insufficient | CRED 0143 | 1 | Closed | Missing corporate resolution for the purchase by the LLC. Property is vested in the name of XXXX, which is owned 50/50 by XXXX and XXXX, who is not on the loan. Per guidelines for multi-member entities (i.e. 2 or more owners) where only one member is a borrower on the loan, a Corporate Resolution must be obtained. | 01/22/2026 | Low LTV/CLTV/HCLTV - 58.30% LTV is below the maximum 80% LTV by 21.70%. <br>; Verified credit history - 774 Representative credit score exceeds the minimum required credit score of 700 by 74 Points. <br>; Verified housing payment history - 0x30 mortgage history for 116 months. <br>; | 01/21/2026 1/21 AMB: Please see attached Corporate Resolution. | 01/22/2026 Corporate resolution received. | Funded D A |
| 1029738 | XXXX | 1157942 | 01/06/2026 | Compliance | Loan Disbursement Date is on or before the required Right of Rescission Expiration Date | ROR 0009 | 1 | Closed | CD issued XX/XX/XXXX and signed at closing on XX/XX/XXXX lists a disbursement date of XX/XX/XXXX (Page 38). The change of closing date by 1 day is not reflected on the CD, per NORTC rescission period is XX/XX/XXXX (p106) which is the same as disbursement date. PCCD / HUD is not in file to verify a later disbursement date. | 01/19/2026 | Low LTV/CLTV/HCLTV - Low LTV of 60%.; Verified employment history - B1 has been self-employed for 21 years.; Income verified was not used in qualifying - B1 has 50% ownership in B2's company and monthly income of $6623 was not included in qualification.; | 01/16/2026 PCCD | 01/19/2026 Finding is cleared with the attached copy of the final dry funding CD, disbursement 12/23. | Funded C A |
| 1029738 | XXXX | 1159618 | 01/13/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing evidence of taxes on XXXX. There is a property profile for a property inXXXX (p270), but it reflects no improvements and does not match the APN for the property on the fraud report (p333). HOI in the file (p275) confirms there are improvements for this property. The final 1003 reflects TIA is $982.75 (p168), reviewer used $616 for monthly taxes on this property based on the documented HOI premium $366.75/month. | 01/22/2026 | Low LTV/CLTV/HCLTV - Low LTV of 60%.; Verified employment history - B1 has been self-employed for 21 years.; Income verified was not used in qualifying - B1 has 50% ownership in B2's company and monthly income of $6623 was not included in qualification.; | 01/21/2026 Proof of Taxes | 01/22/2026 Property report received confirming annual taxes of $7392/ $616 monthly. | Funded C A |
| 1030984 | XXXX | 1159521 | 01/13/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | The signed final (redacted) REO section lists a second home at (redacted) with a mortgage payment of (redacted) monthly and HOI, Taxes, HOA totaling (redacted). The file is missing documentation to verify the PITIA for (redacted). | 01/14/2026 | Disposable Income - The loan has residual income of (redacted) monthly. ; Low DTI - DTI (redacted) < (redacted) Max.; Verified credit history - FICO of (redacted) > (redacted) Min Required.; | 01/14/2026 REO Documentation | 01/14/2026 Finding is cleared with the attached mortgage statement, PDR, and EOI for non-subject property. - 01/14/2026 Finding is cleared with the attached mortgage statement, PDR, and EOI for non-subject property. | Funded C A |
| 1028094 | XXXX | 1159594 | 01/13/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing legal description to DOT. | 01/19/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - Low DTI of (redacted).; | 01/19/2026 Legal Description<br>01/16/2026 Security Instrument | 01/19/2026 Finding is cleared with the attached copy of the Exhibit A. - 01/19/2026 Finding is cleared with the attached copy of the Exhibit A.<br>01/16/2026 The legal description referenced on page 4 of 19, "See Attached", is not attached to the copy of the Deed of Trust. | Funded C A |
| 1029788 | XXXX | 1159536 | 01/13/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | The file is missing the mortgage statement for the borrowers primary residence to confirm the mortgage reflected on the credit report is the borrowers primary residence. | 01/19/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/19/2026 01/19 AD: Please see attached. | 01/19/2026 Finding is cleared with he attached mers findings that confirm (redacted) mortgage corresponds with the borrowers primary residence. - 01/19/2026 Finding is cleared with he attached mers findings that confirm XXXX mortgage corresponds with the borrowers primary residence. | Funded C A |
| 1029788 | XXXX | 1159665 | 01/13/2026 | Credit | Condo Documentation is Insufficient | COND 0002 | 1 | Closed | Missing condo questionnaire. | 01/19/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 01/19/2026 01/19 AD: This is not required per guidelines when the subject condo is PERS approved. Please see attached. | 01/19/2026 Agree, finding is cleared with the attached CPM approval, expiration (redacted). Pers approval status is reported through CPM. - 01/19/2026 Agree, finding is cleared with the attached CPM approval, expiration 4/29/2027. Pers approval status is reported through CPM. | Funded C A |
| 1030527 | XXXX | 1159621 | 01/13/2026 | Credit | Hazard Insurance Coverage Amount is Insufficient | HAZ 0004 | 1 | Closed | Missing confirmation from insurer that the dwelling coverage is based on the replacement cost. Dwelling coverage of $XXXX is less than the loan amount $XXXX. Replacement cost per the appraisal $XXXX and 80% is $XXXX. Hazard insurance coverage is less than both the loan amount and 80% of the replacement cost. | 01/26/2026 | Verified reserves - $167,930.06 reserves exceed the minimum required of $85,822.32 exceeds the minimum by 11.48 months over the required minimum. <br>; Verified credit history - 743 Representative credit score exceeds the minimum required credit score of 700 by430 Points. <br>; | 01/26/2026 Please see the email attached from the insurance agent confirming 100% replacement<br>01/20/2026 Please see the attached response from the underwriter. | 01/26/2026 Email confirmation from the insurer confirming coverage is structured for 100% replacement cost received.<br>01/22/2026 Check list pg 1104 confirms the insurer's estimated replacement cost of $827,000. Missing confirmation from the insurer's that policy includes 100% replacement cost as the State prohibits the insurance company from disclosing their RCE on how the coverage is calculated. Email from the insurance agent is sufficient. | Funded C A |
| 1031128 | XXXX | 1160103 | 01/14/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing lender approval, only the unsigned (redacted) is in the file. | 01/15/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - B1 has been self-employed attorney for (redacted) years.; Low DTI - Low DTI of (redacted).; | 01/15/2026 UW Approval | 01/15/2026 Finding is cleared with the attached loan approval. - 01/15/2026 Finding is cleared with the attached loan approval. | Funded C A |
| 1028048 | XXXX | 1159827 | 01/14/2026 | Credit | Rental income is being used from an expired lease | CRED 0120 | 1 | Closed | The file is missing the most recent lease showing (redacted) lease amount and newly added tenant (redacted) per the email correspondence from borrower. <br>| 01/30/2026 | Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified ownership of subject property - Borrower has owned subject investment property (redacted) years. <br>; | 01/27/2026 Please see attached. | 01/30/2026 Finding is cleared with the attached executed lease agreement. - 01/30/2026 Finding is cleared with the attached executed lease agreement. | Approved C |
| 1029899 | XXXX | 1160040 | 01/14/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing legal description to DOT. | 02/25/2026 | Verified reserves - 63 months of verified reserves when GL required 3.; Minimal outstanding debt - Credit report shows minimal outstanding debt owed with balances well under the high credit limits on accounts outstanding.; | 02/24/2026 BF 2.24.2026 - Please see attached recorded DOT w/ legal | 02/25/2026 Recorded DOT w/legal description received. Finding resolved. | Funded C A |
| 1030237 | XXXX | 1160143 | 01/14/2026 | Credit | Entity Documentation is Insufficient | CRED 0143 | 2 | Acknowledged | Missing Operating Agreement for (redacted). Per guidelines for sole proprietorships and loans where all owners of the entity are borrowers on the loan, an Operating agreement must be obtained. |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves when guidelines required (redacted).; | 01/28/2026 01/28 AD: Please see attached operating agreement. <br>01/20/2026 01/20 AD: Please see attached. | 01/30/2026 EV2/B Finding is downgraded with the attached copy of the post-consummation dated operating agreement confirming borrowers sole ownership. - 01/30/2026 EV2/B Finding is downgraded with the attached copy of the post-consummation dated operating agreement confirming borrowers sole ownership.<br>01/22/2026 Duplicate copy of the Corporate Resolution received.<br>\*\* Finding remains For sole proprietorships and loans where all owners of the entity are borrowers on the<br>loan, an Operating agreement must be obtained. Per docs in file is is a sole proprietorship. | Approved D B |
| 1030330 | XXXX | 1160359 | 01/15/2026 | Credit | Missing Schedule of Real Estate Owned | APP 0005 | 1 | Closed | The file is missing an property search or mortgage statement for additional REO noted on the final 1003, XXXX. The 1003 reflects XXXX is the lender; however, the file did not include evidence of the property. Open lien reports provided for other REO. | 01/22/2026 | Low LTV/CLTV/HCLTV - 52.63% LTV is below the maximum 75% LTV by 22.37%. <br>; Verified credit history - 747 Representative credit score exceeds the minimum required credit score of 680 by 67 Points. <br>; Verified housing payment history - 0x30 mortgage history for 80 months. <br>; Verified ownership of subject property - Borrower has owned subject investment property 3 years. <br>; | 01/21/2026 1/21 AMB: Please note that a mortgage statement is not required. An open lien report was provided for the other 2 REO's owned by the borrower, both confirming no mortgages tied to either property. The XXXX, by process of elimination, can be tied to the property at XXXX, and the credit report verifies the housing history for the loan. Since this is a DSCR loan, the taxes and insurance do not need to be documented for the REO, so no additional information would be required. | 01/22/2026 Agree with lender response, cleared. | Funded C A |
| 1029373 | XXXX | 1160573 | 01/16/2026 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | Missing (redacted)/Rent Comparable on appraisal for purchase investment property qualified as DSCR. Final (redacted) states expected rental income of (redacted). Final review pending - unable to calculated DSCR. | 01/23/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 01/23/2026 01/23 AD: Please see attached. | 01/23/2026 Finding is cleared with the attached (redacted). - 01/23/2026 Finding is cleared with the attached 1007. | Funded C A |
| 1029373 | XXXX | 1160584 | 01/16/2026 | Credit | Missing Evidence of sale of property owned | HUD 0011 | 1 | Closed | Missing final CD/HUD for sale of (redacted) property evidencing cash proceeds of (redacted), of which (redacted) is needed for cash to close on subject. Seller CD is not executed and the Atty letter does not confirm the final amount of the sale proceeds received. | 01/23/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 01/23/2026 01/23 AD: Please see attached verification that title was holding the funds in Escrow from the proceeds of the sale. | 01/23/2026 Finding is cleared with the attached executed seller CD and attorney letter. - 01/23/2026 Finding is cleared with the attached executed seller CD and attorney letter. | Funded C A |
| 1029602 | XXXX | 1160204 | 01/15/2026 | Credit | Title Policy - Schedule A Exception | TITL 0013 | 1 | Closed | Final title is not countersigned by title agency. | 01/19/2026 | Minimal outstanding debt - Credit report shows minimal outstanding debt owed with balances well under credit limits on accounts outstanding.; Verified credit history - Middle Credit Score (redacted) < (redacted) Min Req.; | 01/16/2026 Policy | 01/19/2026 Finding is cleared with the attached copy of the final title that is countersigned. - 01/19/2026 Finding is cleared with the attached copy of the final title that is countersigned. | Funded C A |
| 1030258 | XXXX | 1160700 | 01/17/2026 | Credit | DSCR Calculation Discrepancy | DSCR 0001 | 2 | Acknowledged | Review calculated DSCR of (redacted) is less than then lender calculated DSCR of (redacted). Variance is in the property tax calculation. Lender used (redacted) per the final (redacted). Review calculated (redacted). Review calculation for new construction is based on the value of (redacted) x the actual tax rate of 1.936963% as verified on the tax cert pg 230. ((redacted), lender calculation appears to be based on rate of (redacted)) |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 02/02/2026 vm We are comfortable approving an exception on this loan for a DSCR < 1.00 (.99) and would like to move forward with clearing the Suspense item.<br> 01/27/2026 01/27/26 - KJ: The agreed upon guidelines with XXXX states for new construction properties, the subject's property taxes are to be calculated at 1.5% of the appraised value. The subject's annual property tax of $3,450 is correct. | 02/03/2026 EV2/B - Investor Acknowledged Exception<br>01/30/2026 Disagree, if the documented tax rate > 1.5% then the documented tax rate should be used. -- Per guidelines, For qualification purposes, if the tax assessed value of the property is based on the final fully improved value of the property, then the actual taxes may be used, otherwise taxes are calculated at 1.5% of the appraised value OR using the documented tax rate for the property. | Approved C B |
| 1030258 | XXXX | 1160701 | 01/17/2026 | Credit | LTV Exceeds Max Allowed | CRED 0010 | 2 | Acknowledged | (redacted) LTV/CLTV variance - Review LTV/CLTV of (redacted) exceeds the max allowed of (redacted) for DSCR < (redacted). |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 02/02/2026 We are comfortable approving an exception on this loan for a DSCR < 1.00 (.99) to allow 75% ltv and would like to move forward with clearing the Suspense item.<br> 01/27/2026 01/27/26 - KJ: The agreed upon guidelines with XXXX states for new construction properties, the subject's property taxes are to be calculated at 1.5% of the appraised value. The subject's annual property tax of $3,450 is correct. | 02/03/2026 EV2/B - Investor Acknowledged Exception.<br>01/30/2026 Disagree, if the documented tax rate > 1.5% then the documented tax rate should be used. -- Per guidelines, For qualification purposes, if the tax assessed value of the property is based on the final fully improved value of the property, then the actual taxes may be used, otherwise taxes are calculated at 1.5% of the appraised value OR using the documented tax rate for the property. | Approved C B |
| 1030977 | XXXX | 1159664 | 01/13/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 2 | Acknowledged | Missing proof of HOA dues for REO (redacted). If no HOA a LOE from the borrower is sufficient. |  | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified housing payment history - Mortgage history verified (redacted).; | 01/31/2026 Please see response from team.<br> 01/22/2026 Please clarify. The condition required HOA dues for REO XXXX. The previously provided Zillow printout was for that address. Thank you!<br> 01/14/2026 Per Zillow, no HOA dues. Thank you! | 02/02/2026 EV2/B Finding is downgraded with the attached post-consummation dated Realtor.com search to evidence that the non-subject REO is not subject to any monthly association fees.<br> 01/23/2026 Missing proof of HOA dues for REO XXXX. If no HOA a LOE from the borrower is sufficient. Zillow search previously provided does not contain HOA information section.<br> 01/14/2026 Zillow information provided is not for the subject property. (XXXX)<br> \*\*Missing verification of subject HOA dues. If no HOA a LOE from the borrower is sufficient. | Approved C B |
| 1030977 | XXXX | 1159675 | 01/13/2026 | Credit | Back-end Ratio exception (DTI) | CRED 0004 | 1 | Closed | Review DTI of (redacted) exceeds the max allowed of (redacted). In reviewing the (redacted) it appears that the lender used the IO payment of (redacted) vs the fully amortized payment of (redacted). Lender DTI (redacted).<br>| 02/02/2026 | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified housing payment history - Mortgage history verified (redacted).; | 01/31/2026 Please see response from team. | 02/02/2026 TPR set in error. Review DTI (redacted), excluding the (redacted) liabilities paid at closing - 02/02/2026 TPR set in error. Review DTI 48.47%, excluding the Amex liabilities paid at closing | Approved C |
| 1031072 | XXXX | 1160546 | 01/16/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | LENDER ACKNOWLEDGED EXCEPTION — there is an Exception request with lender approval for the non-warrantable subject condo which is in litigation. The court docs are on with other condo docs on (redacted). |  | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified reserves - Required (redacted) months + (redacted) months for REO of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).; |  | 01/19/2026 EV2/B - Lock confirmation reflects a pricing adjustment for the lender approved exception evidencing the investors acknowledgement (pg 1443, 1371). | Approved C B |
| 1031072 | XXXX | 1160548 | 01/16/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | The final (redacted) shows (redacted) is a co-signor or guarantor on a debt or loan which is not disclosed on the (redacted). The file is missing documentation to verify the terms of this debt to be counted in the DTI. | 02/09/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified reserves - Required (redacted) months + (redacted) months for REO of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).; | 02/06/2026 Please see the attached for confirmation the revised 1003 was sent to the borrowers. <br>02/04/2026 Please see the attached revised 1003 | 02/09/2026 Finding is cleared with the attached evidence of electronic delivery to borrower of the revised application. - 02/09/2026 Finding is cleared with the attached evidence of electronic delivery to borrower of the revised application.<br>02/05/2026 Attached revised application is not signed by the borrower to evidence acknowledgement of the change to the declaration section. In lieu of a signed revised application evidence of electronic delivery to borrower of the revised application can be accepted to satisfy the finding. | Approved C |
| 1028050 | XXXX | 1161041 | 01/20/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval, only the unsigned 1008 is in the file (p220). | 01/22/2026 | Low DTI - Maximum DTI of 50% with review DTI of 38.49%.&nbsp;&nbsp;&nbsp;&nbsp; ; Low LTV/CLTV/HCLTV - Maximum CLTV of 80% with review CLTV of 75.33%. ; Verified reserves - Required 12 months of reserves with verified assets of 81 months.&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/22/2026 CONDITIONAL APPROVAL | 01/22/2026 Lender conditional loan approval received. | Funded C A |
| 1029283 | XXXX | 1160544 | 01/16/2026 | Credit | Non-Arms Length Transaction | CRED 0026 | 1 | Closed | Missing investor acknowledgment for Non-Arms Length transaction where one of the Grantor's had (redacted) ownership in the selling entity. The selling entity is (redacted). The file included the Organization of Agreement for (redacted) which confirms the (redacted) has (redacted) ownership. The file included a Quit Claim Deed dated (redacted) transferring the property from (redacted) to (redacted). (Review is pending receipt of documentation to verify the owners of (redacted) specifically to verify if any of the subject grantor's had any ownership and if so how much.) | 02/06/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 02/05/2026 02.05 vm Reviewed with XXXXRisk Management and Investor. Transaction meetsXXXX NAL guidelines, please clear suspense.<br> 02/02/2026 02/02/2026 - XXXX: The property located at XXXX is owned by XXXX, in which all borrower's have a ownership percentage of 30%. Therefore, neither borrower is a first-time homebuyer. Additionally, a letter of explanation addressing the familiar relationship is not required per the agreed upon guidelines. Non-arms length transactions are permitted, as long as delayed financing is not applicable, and the subject is not a newly constructed property. <br> 01/29/2026 01/29/2026 - XXXX: Please see the attached operating agreement for XXXX confirming no borrower having an ownership interest. <br> 01/26/2026 01/26/26 - XXXX: The borrower had a 2% ownership interest of XXXX, which constitutes the transaction being non-arms length in nature. However, the file remains eligible, as the subject was not newly constructed and delayed financing guidelines not being applicable. There is no additional documentation required for this file to meet investment quality. <br> 01/23/2026 01/23/2026 - XXXX: Please see the attached Articles of Organization for XXXX confirming no borrower having an ownership interest. XXXX acknowledges the borrower having an ownership interest of 2%. However, Non-arms length transactions are only ineligible when the subject is newly constructed or if a delayed financing scenario is present. | 02/06/2026 Investor reviewed and accepts the non-arms length transaction.<br> 02/05/2026 Escalated to investor for review.<br> 02/02/2026 While non-arm's length transactions are allowed per guidelines the relationship must be fully disclosed, documented and reviewed as these types of transactions have a higher risk of potential coercion or fraud. -- Finding escalated to investor for review.<br> 01/30/2026 XXXX appears to be owned by family members, XXXX and XXXX. Missing letter from borrower identifying the relationship between the managing members of the XXXX; which transferred title to XXXX for which they are also managing members and G1 is limited owner, and is now being purchased by XXXX that is owned by the three guarantors on the loan that share the same last name. NOTE: G1 originally had limited ownership of the borrowing entity of 10%, but was recently transferred, 11/25/2025, an additional 30% ownership making G1 the now majority owner. The transaction appears to have been used to transfer assets between family members.<br>G1, who is limited owner of the selling LLC and possibly the father of the two other guarantors, is the only guarantor that appears to have experience managing rental properties. G3 is a college student living on campus and G2 rents primary and both are indicated to be a first time homebuyers. First time homebuyers are not allowed for the investor flex product.<br> 01/26/2026 Finding remains, Missing the operating agreement or equivalent to verify ownership of XXXX. Articles of Organization are insufficient. (AOO reflects more than once manager). IB has confirmed with the Investor (XXXX) that this documentation is required.<br> 01/23/2026 Non-arm's length transactions must be fully disclosed and documented. The property was transferred from one LLC, XXXX, to another, XXXX, for which G1 has 2% ownership. It is unknown if any of the guarantors have ownership of XXXX, thus review cannot confirm if the transaction is being used to transfer assets between LLCs. | Approved C |
| 1029283 | XXXX | 1160552 | 01/16/2026 | Credit | Entity Documentation is Insufficient | CRED 0143 | 1 | Closed | The file is missing the Tax Identification Number (EIN) for (redacted). | 01/26/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 01/26/2026 01/26/26 - XXXX: Please see attached. | 01/26/2026 EIN for (redacted) received. - 01/26/2026 EIN for XXXX received. | Approved D |
| 1029283 | XXXX | 1160689 | 01/17/2026 | Property | Seller Name on Appraisal does not agree with Title, Sales Contract, and/or HUD-1. | APPR 0010 | 1 | Closed | Missing corrected appraisal reflecting the owner of record as the seller (redacted). The appraisal and title reflects the owner of record as (redacted). The purchase contract dated (redacted) reflects the seller as (redacted). The file included a Quit Claim Deed dated (redacted) transferring the property from (redacted) to (redacted). | 01/30/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 01/26/2026 01/26/26 - XXXX: The owner of public record must be commiserate with the owner that is currently vested on title. At the time of the inspection, XXXX was the owner of public record, which was supported by title and the current tax bill. A revised appraisal reflectingXXXX as the owner of public record is not required. <br> 01/23/2026 01/23/26 - XXXX: XXXX was listed as the owner of public record for the subject property during the underwrite of this file. The preliminary title commitment and current tax bill both reflects XXXX as the current owner. The quit claim deed to XXXX was not recorded until XX/XX/XXXX, which is after the loan's closing date and the appraisal date of XX/XX/XXXX. A revised appraisal reflecting XXXX as the owner of public record is not required, as XXXX was indeed the owner of public record when the appraisal was completed. | 01/30/2026 Agree, Appraisal reflects owner at time of inspection. Appraiser addressed the discrepancy between title owner and seller name on the purchase contract and Quit Claim deed confirms transfer of ownership. - 01/30/2026 Agree, Appraisal reflects owner at time of inspection. Appraiser addressed the discrepancy between title owner and seller name on the purchase contract and Quit Claim deed confirms transfer of ownership.<br> 01/23/2026 Appraisal dated XX/XX/XXXX reflects XXXX as the current owner, however the quit claim deed was not completed until XX/XX/XXXX. Additionally, purchase agreement reflect s XXXX as seller. | Approved C |
| 1029283 | XXXX | 1160690 | 01/17/2026 | Credit | Potential Flip Transaction | PROP 0007 | 1 | Closed | The file is missing Organization of Agreement for (redacted) to verify the owners and their percentage of ownership. The file included a Quit Claim Deed dated (redacted) transferring the property from (redacted) to (redacted). (Review is pending receipt of documentation to verify the owners of (redacted) specifically to verify if any of the subject borrower's had any ownership and if so how much.) | 01/30/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 01/29/2026 01/29/2026 - XXXX: Please see the attached operating agreement for XXXX confirming no borrower having an ownership interest. <br> 01/26/2026 01/26/26 - XXXX: Documentation confirming who were the owners of XXXX is not required. The preliminary title commit confirms that a non-borrower is the only authorized signer for XXXX. There is already documentation confirming the borrower has a 2% ownership interest in XXXX, which alone confirms the transaction is non-arms length in nature. However, the file remains eligible, as the subject was not newly constructed and delayed financing guidelines not being applicable. There is no additional documentation required for this file to meet investment quality.<br> 01/23/2026 01/23/2026 - XXXX: Please see the attached Articles of Organization for XXXX confirming no borrower having an ownership interest. | 01/30/2026 (redacted) appears to be owned by family members, (redacted) and (redacted). (redacted) transferred title to (redacted) for which they are also managing members and (redacted) is limited owner, and is now being purchased by (redacted) that is owned by the three guarantors on the loan who share the same last name. (redacted) originally had limited ownership of the borrowing entity of (redacted), but was recently transferred, (redacted), an additional (redacted) of ownership making (redacted) the now majority owner. The transaction appears to have been used to transfer assets between family members. Refer to to remaining XXXX exception.<br>- 01/30/2026 XXXX appears to be owned by family members, XXXX. XXXX transferred title to XXXX for which they are also managing members and G1 is limited owner, and is now being purchased by XXXX that is owned by the three guarantors on the loan who share the same last name. G1 originally had limited ownership of the borrowing entity of 10%, but was recently transferred, 11/25/2025, an additional 30% of ownership making G1 the now majority owner. The transaction appears to have been used to transfer assets between family members. Refer to to remaining XXXX exception.<br>01/26/2026 Finding remains, Missing the operating agreement or equivalent to verify ownership of XXXX. Articles of Organization are insufficient. (AOO reflects more than once manager). IB has confirmed with the Investor (XXXX) that this documentation is required.<br> 01/23/2026 Attached articles of organization are insufficient to satisfy the finding. -- Missing operating agreement, XXXX, to verify ownership. | Approved C |
| 1029864 | XXXX | 1160590 | 01/16/2026 | Credit | Condo Documentation is Insufficient | COND 0002 | 1 | Closed | Missing the completed Condo Questionnaire and supporting docs (By-Laws, CCRs, Budget, etc.) Only the Warrantable Project Attestation and (redacted) CPM reflecting no review status was provided. | 01/23/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 01/23/2026 1/23 MM: Please see attached document | 01/23/2026 Lender performed a limited review, Investor LTV < (redacted), based on the attached email from the HOA. Warrantable project attestation in file. Guidelines allow for a limited review. - 01/23/2026 Lender performed a limited review, Investor LTV < 75%, based on the attached email from the HOA. Warrantable project attestation in file. Guidelines allow for a limited review. | Funded C A |
| 1029866 | XXXX | 1160661 | 01/16/2026 | Compliance | Note is Incomplete | NOTE 0050 | 2 | Acknowledged | Missing the Personal Guaranty Agreement executed at closing. The XXXX Personal Guaranty Agreement in file was esigned XX/XX/XXXX with no Notary acknowledgment. |  | Verified reserves - 11 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self-employed since 5/2022.; Low DTI - 38.68% DTI w/a max allowed of 50%; | 02/26/2026 attached | 02/26/2026 EV2/B Personal Guaranty Agreement executed 02/25/26 received. XXXX accepts the post closing document. Comp factor: FICO of 771 is 20 points greater than minimum of 700. | Funded C B |
| 1030186 | XXXX | 1161091 | 01/20/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing the lender's 1008. | 01/22/2026 | Low LTV/CLTV/HCLTV - Maximum LTV of 90% with review LTV of 85%. ; Disposable Income - The loan has residual income of $6,907.38 monthly. ; Low DTI - Maximum DTI of 50% with review DTI of 48.52%.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 680 with actual FICO of 752.; None - Required 3 months of reserves with verified assets of 22 months.&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/21/2026 1008 | 01/22/2026 1008 received. | Funded C A |
| 1030186 | XXXX | 1161102 | 01/20/2026 | Credit | Back-end Ratio exception (DTI) | CRED 0004 | 1 | Closed | The credit report reflects the payment for XXXX is $666 (p236), the final 1003 reflects the payment as $182. No credit supplement or statement in the file to support the $182 payment. When using the $666 payment, DTI is 48.52% which is more than 3% higher than the approved DTI of 44.909% per the approval p657. | 01/22/2026 | Low LTV/CLTV/HCLTV - Maximum LTV of 90% with review LTV of 85%. ; Disposable Income - The loan has residual income of $6,907.38 monthly. ; Low DTI - Maximum DTI of 50% with review DTI of 48.52%.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 680 with actual FICO of 752.; None - Required 3 months of reserves with verified assets of 22 months.&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/21/2026 usaa statement | 01/22/2026 USAA statement supporting minimum payment of $182 received. Final DTI with the updated payment 44.91%. | Funded C A |
| 1030525 | XXXX | 1158950 | 01/09/2026 | Compliance | Right of Recission Is Not on Correct Form | ROR 0011 | 2 | Acknowledged | Subject transaction is a refinance of a prior (redacted) loan. (redacted) Right to Cancel form required. |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted) < (redacted) Max.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 02/19/2026 See attached | 02/25/2026 EV2/B - Received ROR form H9 with courier receipt to evidence delivery to borrower completed 2/12; new ROR expiration 2/18 > 3 rescission period has passed. Proof of receipt of the new NORTC notices can be evidenced through receipt/delivery confirmation from courier, executed NORTC, email acknowledgement, confirmation of electronic receipt, etc. | Funded C B |
| 1029469 | XXXX | 1159548 | 01/13/2026 | Compliance | Final APR Outside Tolerance of .125 from APR 3 Business Days Prior to Closing | TRID 0206 | 2 | Acknowledged | APR on the Final CD (dated XX/XX/XXXX) decreased more than 0.125% compared to the disclosed APR on CD dated XX/XX/XXXX -- Variance is.432%<br>APR CD XX/XX/XXXX = 9.254%<br> APR CD XX/XX/XXXX = 9.686% |  | Verified reserves - 25 months of verified reserves when GL required 3.; Low DTI - Low DTI of 37.89%.; |  | Client: EV2/B APR Decreased, Benefit to borrower. | Funded C B |
| 1029486 | XXXX | 1160875 | 01/19/2026 | Credit | Unacceptable Mortgage History | CRED 0001 | 1 | Closed | Missing mortgage payment history for (redacted). The file included an open lien report confirming the property has a private mortgage. <br>| 01/30/2026 | Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 01/27/2026 1/27 MM: XXX paid off the lien for XXXX with a refinance XXXX did on another of XXXX properties (XXXX) 01/2025 (Loan XXXX). <br>Also, see tax bill for XXXX. This sits on a XXXX acre property with XXXX and a main home. XXXX. The lien from XXXXit was recorded under XXXXt but XXXX is the actual main home which is neither here nor there. <br>Point being the property you question has been free and clear since 01/2025. See release of lien attached as well. Also attached is a VOM done just before this was paid off 01/2025 and an email exchange with XXXX and myself as well. | 01/30/2026 Finding is cleared with the attached Satisfaction of Mortgage. Attached parcel search and tax billing statement confirms parcel ID is also known as (redacted). Stale-dated VOM from (redacted) reflects the address (redacted). Loan was paid in the refinance of (redacted) that reporting on the credit report. - 01/30/2026 Finding is cleared with the attached Satisfaction of Mortgage. Attached parcel search and tax billing statement confirms parcel ID is also known as XXX. Stale-dated VOM from XXXX reflects the address XXX. Loan was paid in the refinance of XXXX that reporting on the credit report. | Approved C |
| 1029823 | XXXX | 1160708 | 01/17/2026 | Compliance | Missing PUD Rider | DEED 0007 | 2 | Acknowledged | Missing PUD rider to deed of trust. Appraisal reflects the subject is in a PUD (redacted), the DOT reflects no PUD Rider attached to the DOT (redacted). |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted).; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 03/09/2026 PUD rider | 03/12/2026 EV2/B - Recd recorded scriveners affidavit with PUD rider. | Funded C B |
| 1029825 | XXXX | 1160732 | 01/18/2026 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | Missing complete (redacted) report. The screen-print does not include sufficient details on the comparables to verify the report meets guidelines. Per guideline for short term rental income, there must be at least (redacted) comparable properties within (redacted) miles of subject or that have same zip code. Screen-print does not include proximity or zip code information for any of the comparables. No (redacted) or (redacted) month income statement in the file. | 01/23/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed since (redacted).; | 01/22/2026 Please see attached zip code map, all comparables are within the same zip code. | 01/23/2026 Finding is cleared with the attached zip code map to evidence comparables are located in the same zip code. - 01/23/2026 Finding is cleared with the attached zip code map to evidence comparables are located in the same zip code. | Approved C |
| 1029825 | XXXX | 1161354 | 01/21/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval, only the unsigned (redacted) is in the file. | 01/30/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed since (redacted).; | 01/27/2026 Approval | 01/30/2026 Finding is cleared with the attached loan approval. | Approved C |
| 1029949 | XXXX | 1160919 | 01/19/2026 | Credit | Insufficient Verified Funds to Close | CRED 0016 | 1 | Closed | Short cash to close in the amount of (redacted). Missing receipt of gift funds in the amount of (redacted). See (redacted).<br>| 01/23/2026 | Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; Verified employment history - (redacted) has been self-employed for (redacted) years.; Low DTI - Low DTI of (redacted).; |  | 01/23/2026 Finding is cleared with the attached gift letter and title transfer notification, (redacted) HELOC proceeds from donor to title for benefit of borrowers with no repayment implied. - 01/23/2026 Finding is cleared with the attached gift letter and title transfer notification, XXXX HELOC proceeds from donor to title for benefit of borrowers with no repayment implied. | Approved C |
| 1029949 | XXXX | 1160927 | 01/19/2026 | Credit | Insufficient verified reserves | CRED 0100 | 1 | Closed | Short required reserves in the amount of (redacted) due to missing gift fund transfer. Gift letters. Funds not sourced and loan approval states receipt of gift funds at closing must be listed on CD in the form of cashier's check or wire transfer. | 01/30/2026 | Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; Verified employment history - (redacted) has been self-employed for (redacted) years.; Low DTI - Low DTI of (redacted).; | 01/27/2026 December 31st 2025 XXXX bank statement uploaded showing a balance of $XXXX. <br> 01/22/2026 The gift amount was actually 173k and a new gift letter was provided which has been uploaded along with gift wire receipt | 01/30/2026 Attached updated transaction history for (redacted) checking account indicates the borrower received an additional gift of (redacted) from (redacted). Gift letter is in file. - 01/30/2026 Attached updated transaction history for XXXX checking account indicates the borrower received an additional gift of $50,000 from XXXX. Gift letter is in file (pg 214).<br> 01/23/2026 Reserves required $23,167.76 > $20,890.77 funds verified with gift of $173,038 considered. | Approved C |
| 1030405 | XXXX | 1159916 | 01/14/2026 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 2 | Acknowledged | ABD is not in file. FACTS Disclosure includes a list of affiliates but is not clear if list is complete. Unable to verify affiliates were not used as providers. |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed Pathologist for (redacted) years.; Low DTI - Low DTI of (redacted).; | 01/28/2026 Affiliates Memo | 01/30/2026 EV2/B - Lender confirmed that no affiliates were used for subject transaction. | Approved C B |
| 1031153 | XXXX | 1160021 | 01/14/2026 | Credit | Title Policy - Schedule B Exception | TITL 0014 | 1 | Closed | Title Policy Schedule B excludes coverage for survey exceptions in Item 2. No survey title endorsement. | 01/26/2026 | Verified credit history - 773 Representative credit score exceeds the minimum required credit score of 660. <br>; Low DTI - 7.19% DTI w/a max allowed of 50%.; | 01/26/2026 1/26 AMB: Please see the attached survey. | 01/26/2026 Survey received. - 01/26/2026 Survey received. | Approved C |
| 1031153 | XXXX | 1161105 | 01/20/2026 | Credit | Insufficient Verified Reserves (Number of Months) | CRED 0017 | 2 | Acknowledged | 5.9 months verified reserves < 6 months required. Total verified assets $XXXX less $XXXX cash to close = $XXX. PITI Total Required $XXXX. |  | Verified credit history - 773 Representative credit score exceeds the minimum required credit score of 660. <br>; Low DTI - 7.19% DTI w/a max allowed of 50%.; | Ok to downgrade based on comp factors, Low DTI and fico well above the minimum requirement. | Client: Investor Acknowledged Exception | Approved C B |
| 1031159 | XXXX | 1160977 | 01/20/2026 | Credit | Missing Sufficient Evidence of Insurance | INS 0001 | 1 | Closed | The file is missing evidence of Master Insurance for the common areas. | 02/06/2026 | Verified ownership of subject property - Borrower has owned subject investment property (redacted) years. <br>; | 02/04/2026 2/4 AMB: Those are the guidelines for an attached PUD (townhouse) or a condominium, however, the appraisal confirms that the subject property is NOT attached. It is a detached site condo, so therefore the same guidelines would not apply. Additionally, those guidelines state that the Association MAY obtain a blanket policy, but especially for detached condos, a blanket policy is not required. In the subject transaction, the borrower has a full HO3 insurance policy covering the entire property, including the dwelling. A blanket master policy is not required. <br>01/26/2026 1/26 AMB: Please note that the subject property is a detached site condo, and the insurance policies provided are HO3 policies. A master insurance policy is only required if an HO6 was provided. | 02/06/2026 Escalated to investor for clarification of guideline requirements. Per investor, I don't see anything in (redacted) guidelines that make liability insurance mandatory for detached properties and per (redacted) there is an exception for projects that qualify for a waiver of the project review, detached condo units are eligible. - 02/06/2026 Escalated to investor for clarification of guideline requirements. Per investor, I don't see anything in XXXX's guidelines that make liability insurance mandatory for detached properties and per Fannie there is an exception for projects that qualify for a waiver of the project review, detached condo units are eligible. <br>02/05/2026 Finding escalated to investor for clarification. <br>01/30/2026 Per guidelines, If the subject property is an attached PUD (townhouse) or a condominium, the respective<br>Associations may acquire a blanket policy to cover the project...The owner's association must maintain a commercial general liability insurance policy for the entire project – including all common areas and elements, public ways, and any other areas that are under its supervision. The insurance must also cover commercial spaces that are owned by the owners' association, even if they are leased to others. The commercial general liability policy must provide<br>coverage for bodily injury and property damage that result from the operation, maintenance, or use of the project's common areas and elements. | Approved C |
| 1029777 | XXXX | 1161081 | 01/20/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | The final application Declarations section reflects the borrower will not occupy the subject as their primary residence. Occupancy cert. |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed in construction for (redacted) years; Low DTI - Low DTI of (redacted).; | 01/27/2026 01/27/2026 - KJ: Please see the attached revised 1003 | 01/30/2026 EV2/B - Non-material issue | Approved C B |
| 1029777 | XXXX | 1161426 | 01/21/2026 | Credit | Missing Bank Statement(s) | CR 0012 | 1 | Closed | Missing the (redacted) statement for (redacted) to complete income calculation. | 01/30/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed in construction for (redacted) years; Low DTI - Low DTI of (redacted).; | 01/27/2026 01/27/26 - KJ: Please see attached. | 01/30/2026 Finding is cleared with the attached statement. - 01/30/2026 Finding is cleared with the attached statement. | Approved C |
| 1029777 | XXXX | 1162734 | 01/30/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 2 | Acknowledged | Approved DTI (redacted) appears to double count the mortgage on the departing residence. Missing updated (redacted) to correspond with the (redacted). |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed in construction for (redacted) years; Low DTI - Low DTI of (redacted).; |  | 02/02/2026 EV2/B - Review DTI 12.25% / 18.09% Approved, Variance > 3% due to mortgage on the departing residence being double counted. | Approved C B |
| 1030044 | XXXX | 1160072 | 01/14/2026 | Credit | APN Number is not listed on Security Instrument | COLL 0001 | 1 | Closed | Property ID number not located on Mortgage/DOT or on attached legal description | 01/23/2026 | Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; | 01/23/2026 Deed of Trust | 01/23/2026 Finding re-reviewed and cleared. DOT provides the legal description and street address, thus satisfactorily identifying the subject property. - 01/23/2026 Finding re-reviewed and cleared. DOT provides the legal description and street address, thus satisfactorily identifying the subject property. | Funded C A |
| 1030044 | XXXX | 1161201 | 01/21/2026 | Credit | Missing or Incomplete 4506-T/4506-C | CRED 0095 | 1 | Closed | The file is missing the executed (redacted) for each borrower. | 01/30/2026 | Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; | 01/29/2026 4506Cs | 01/30/2026 Finding is cleared with the attached borrower executed (redacted). - 01/30/2026 Finding is cleared with the attached borrower executed 4506C. | Funded C A |
| 1030044 | XXXX | 1161202 | 01/21/2026 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | Photos in the appraisal are warped images and not visible. Lender to provide a clear copy of all appraisal pages. | 01/23/2026 | Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; | 01/23/2026 Appraisal | 01/23/2026 Finding is cleared with the attached copy of the appraisal with legible appraisal photo images. - 01/23/2026 Finding is cleared with the attached copy of the appraisal with legible appraisal photo images. | Funded C A |
| 1030044 | XXXX | 1161203 | 01/21/2026 | Credit | Purchase Contract is Deficient | CRED 0085 | 1 | Closed | The Purchase Agreement in the file is illegible. Lender to provide a clear copy of all pages of the Purchase Agreement. | 01/23/2026 | Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; | 01/23/2026 Purchase Agreement | 01/23/2026 Finding is cleared with the attached legible copy of the purchase agreement. - 01/23/2026 Finding is cleared with the attached legible copy of the purchase agreement. | Funded C A |
| 1030044 | XXXX | 1162737 | 01/30/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 2 | Acknowledged | Missing updated (redacted). Approved DTI (redacted) appears to double count the housing expense on non-subject rental property. Net rental income of (redacted) was included in the qualifying income with the PITI also being included in total all monthly payments. |  | Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted). ; | 02/04/2026 1008 1003 | 02/05/2026 EV2/B - Variance > 3% due to non-subject REO, XXXX, expense being double counted in the net rental income calculation and total other liabilities. Review DTI < Max allowed, thus considered non-material. | Funded C B |
| 1030534 | XXXX | 1159835 | 01/14/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing Legal Description that was to be attached to the Mortgage/DOT. | 01/26/2026 | Verified reserves - 9 months of verified reserves when GL required 3.; Verified housing payment history - 27 months of verified mortgage history paid 0x30 since 02/2025.; | 01/23/2026 DOT w Legal attached | 01/26/2026 Mortgage Exhibit A Legal received. | Funded C A |
| 1030534 | XXXX | 1159890 | 01/14/2026 | Credit | Purchase Contract is Deficient | CRED 0085 | 1 | Closed | Purchase Contract is Deficient - Purchase price shown as XXXX. pg. 288 and it should be XXXX. | 01/26/2026 | Verified reserves - 9 months of verified reserves when GL required 3.; Verified housing payment history - 27 months of verified mortgage history paid 0x30 since 02/2025.; | 01/23/2026 Addendum attached | 01/26/2026 Addendum reflecting the final sales price of XXXX received. | Funded C A |
| 1031051 | XXXX | 1161450 | 01/21/2026 | Credit | Missing Source of Funds | CRED 0108 | 1 | Closed | Missing documentation for the source of the following deposits made (redacted), as reflected on the transaction history for (redacted):<br>(redacted) | 02/02/2026 | Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; | 01/27/2026 1/27 CW: The large deposit threshold per guidelines is anything over 5% of the loan amount. 5% of the loan amount was $XXXX. These are all below the threshold aside from the $XXXX deposit which was backed out. | 02/02/2026 Agree. Finding cleared. - 02/02/2026 Agree. Finding cleared. | Approved C |
| 1031051 | XXXX | 1161451 | 01/21/2026 | Credit | Missing Bank Statement(s) | CR 0012 | 1 | Closed | Missing the (redacted) statement for (redacted), to complete (redacted) days seasoning for cash to close. The file includes the (redacted) and (redacted) statement, but (redacted) is not provided. | 02/02/2026 | Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; | 01/27/2026 1/27 CW: See attached missing statement | 02/02/2026 Finding is cleared with the attached statement. | Approved C |
| 1031142 | XXXX | 1161516 | 01/22/2026 | Credit | Unacceptable Mortgage History | CRED 0001 | 1 | Closed | Missing mortgage statement for Primary Residence at (redacted). Per the initial (redacted), mortgage is with (redacted). Credit supplement provided (redacted). | 02/06/2026 | Low LTV/CLTV/HCLTV - Max LTV is (redacted); Subject loan is at (redacted) LTV.; Verified reserves - Borrower is required to have (redacted) mos PITI in reserves, verified assets of over (redacted) mos. ; | 02/03/2026 2/3 MM: Please see attached document that shows that the Piedmont mtg is associated with the REO XXXX<br> 01/28/2026 1/28 MM: A mortgage statement is not required.<br> According to the guidelines the borrower's previous housing payment history is required. The file must contain verification of the borrower's 12-month payment history on the primary residence and any mortgage loans on a second home or investment property. <br>No more than one 30-day mortgage late in the past 12 months (1x30x12).<br> No 30-day rental lates in the past 12 months (0x30x12).<br>A credit supplement did provide all this information. This loan is a DSCR loan the REO expenses are not included into the DSCR | 02/06/2026 Finding is cleared with the attached open lien report that confirms mortgage related to primary residence. - 02/06/2026 Finding is cleared with the attached open lien report that confirms mortgage related to primary residence.<br> 02/02/2026 Review has no way to reconcile mortgages with the REO. Mortgage statement, PDR, or complete fraud report that includes the REO information is used to verify which property corresponds with the reporting mortgages. Guidelines require VOM on primary residence. Documentation to confirm that the XXXX mortgage reporting on the credit report belongs to the primary, XXXX, is needed. | Approved C |
| 1031142 | XXXX | 1161517 | 01/22/2026 | Credit | Missing Schedule of Real Estate Owned | APP 0005 | 2 | Acknowledged | Missing updated (redacted) reflecting all REO owned property that the borrower is personally liable for. Final (redacted) reflects the borrower owns no real estate. Review used initial (redacted) for property address verifications. |  | Low LTV/CLTV/HCLTV - Max LTV is (redacted); Subject loan is at (redacted) LTV.; Verified reserves - Borrower is required to have (redacted) mos PITI in reserves, verified assets of over (redacted) mos. ; | 01/28/2026 1/28 MM: Are we able to get an exception to use the final loan app that is in the file since this is an investor flex loan we are not using any of the REOs PITIA into the ratios. | 02/02/2026 EV2/B - Loan was approved under the Non-QM DSCR loan program thus incomplete REO section for non-subject REO deemed non-material. | Approved C B |
| 1031142 | XXXX | 1161518 | 01/22/2026 | Credit | DSCR Calculation Discrepancy | DSCR 0001 | 2 | Acknowledged | Lender approved DSCR at (redacted) after review the DSCR calculated at (redacted). Variance is due to rental income used to qualify. Review used current rent (redacted) per the (redacted). Lender utilized rent of (redacted) per the lease, however, per the lease. Lease is not executed by the tenant and there was no evidence of receipt of the (redacted) mos consecutive months. |  | Low LTV/CLTV/HCLTV - Max LTV is (redacted); Subject loan is at (redacted) LTV.; Verified reserves - Borrower is required to have (redacted) mos PITI in reserves, verified assets of over (redacted) mos. ; | 01/28/2026 1/28 MM: According to the guidelines For both purchase and refinance transactions, the lower of the lease agreement or 100% of the market rent from the appraisal Form 1007 will be utilized to determine the DSCR. The lease agreement shows $1,200 but the 1007 shows $2,800. No 3 months receipt is required. The tenant did sign the lease agreement on page 3 of 11. | 02/02/2026 EV2/B - Guideline does not require an minimum DSCR. | Approved C B |
| 1030320 | XXXX | 1161277 | 01/21/2026 | Credit | Unacceptable Mortgage History | CRED 0001 | 1 | Closed | Missing VOM for(redacted). (redacted) is reflected as an owner of record with (redacted) open liens dated (redacted) in the amount of (redacted) and (redacted). | 02/02/2026 | Low LTV/CLTV/HCLTV - Max LTV per guidelines is (redacted). Subject is low at (redacted).; Verified reserves - Borrowers reserves exceed the (redacted) mos required at over (redacted) mos of reserves ; | 01/27/2026 01/27/2026 - XXXX: Neither borrower owns the property located at XXXX. Per the property detail report, the property is owned by XXXX, and the borrower's name is XXXX. | 02/02/2026 Agree, owner middle initial and spouse do not match to the borrower. - 02/02/2026 Agree, owner middle initial and spouse do not match to the borrower. | Approved C |
| 1030442 | XXXX | 1160499 | 01/16/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Legal Description is not attached to or contained within Mortgage (Page 730). | 01/26/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of 70% with review CLTV of 68.68%. ; Disposable Income - The loan has residual income of $7,698.75 monthly. ; None - Maximum DTI of 50% with review DTI of 33.57%. ; Verified reserves - Required 3 months of reserves with verified assets of 11 months. ; Verified credit history - Required FICO of 640 with actual FICO of 651.; | 01/26/2026 Please see DOT with Legal | 01/26/2026 Mortgage w/Exhibit A legal attached received. | Funded C A |
| 1030442 | XXXX | 1161747 | 01/23/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval, only the unsigned 1008 is in the file (p19). | 01/26/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of 70% with review CLTV of 68.68%. ; Disposable Income - The loan has residual income of $7,698.75 monthly. ; None - Maximum DTI of 50% with review DTI of 33.57%. ; Verified reserves - Required 3 months of reserves with verified assets of 11 months. ; Verified credit history - Required FICO of 640 with actual FICO of 651.; | 01/26/2026 Please see UW DECISION | 01/26/2026 Lender loan approval received. | Funded C A |
| 1031068 | XXXX | 1161489 | 01/22/2026 | Credit | Missing Tax Transcript(s) | CRED 0091 | 1 | Closed | The file is missing the (redacted) transcripts for (redacted). | 01/30/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted)with review CLTV of (redacted). ; Disposable Income - The loan has residual income of (redacted) monthly. ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 01/27/2026 JASON TAX TRANS | 01/30/2026 Finding is cleared with the attached (redacted) years wage transcripts for (redacted). - 01/30/2026 Finding is cleared with the attached two years wage transcripts for B2. | Approved C |
| 1031157 | XXXX | 1160463 | 01/15/2026 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 2 | Acknowledged | No Seller Closing Statement in file |  | Verified reserves - $103,466.20 reserves exceed the minimum required of $30,581.40 exceeds the minimum by 14.30 months over the required minimum. <br>; Verified credit history - 787 Representative credit score exceeds the minimum required credit score of 700 by 87 Points. <br>; |  | Client: EV2/B Non-material | Funded C B |
| 1029552 | XXXX | 1161270 | 01/21/2026 | Credit | Non-Arms Length Transaction | CRED 0026 | 2 | Acknowledged | Non-Arms Length transaction. One of the sellers (redacted) has the same last name as borrowers. Relationship with the borrower was not addressed. Guideline allows for Non-Arms-length however, the relationship should still be disclosed. Fraud cleared comment "Cleared, okay to proceed if file is pink". |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Per CPA borrower has been self-employed since (redacted).; | 01/28/2026 1/28 CW: While XXXX agrees this is most likely non-arms length, whether or not it is non-arm's length has 0 impact on the loan in this scenario. Since it has no impact, we do not require the borrower to prove it either way, and we default to how it was disclosed on the loan application. | 02/02/2026 EV2/B Non-Arms Length allowed per guideline. | Funded C B |
| 1029552 | XXXX | 1161928 | 01/25/2026 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | Appraisal does not reflect the subject to be a Non-Arms-length transaction. | 02/24/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Per CPA borrower has been self-employed since (redacted).; | 02/17/2026 2/17 CW: See attached appraisal<br> 02/04/2026 2/4 CW: FNMA does not require this to be corrected and we would not require a revision for this on any files we would send to FNMA. There is no impact on pricing or qualification, so clarification would not be required and the loan application is sufficient as is.<br> 01/28/2026 1/28 CW: FNMA b4-1.3-02 does not require any information on the non-arm's length nature of the transaction in the contract section. Since this information is not required in the first place, a revision would not be necessary. | 02/24/2026 Finding is cleared with the updated appraisal, non-arms length. - 02/24/2026 Finding is cleared with the updated appraisal, non-arms length.<br> 02/09/2026 Disagree, contract analysis whether the transaction is arm's-length. -- Per guidelines, Appraisal report must contain an analysis of all agreements of sale, options or listings for the subject property current as of the effective date of the appraisal. <br> 02/02/2026 Lender defers to FNMA. Per FNMA B4-1.3-07, Regardless of the source(s) used, there must be sufficient data to understand the conditions of sale, existence of financing concessions, physical characteristics of the subject property, and whether it was an arms-length transaction. | Funded C A |
| 1030395 | XXXX | 1161302 | 01/21/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing legal description to deed of trust. | 02/02/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 01/29/2026 1/29 RF please see attached | 02/02/2026 Finding is cleared with the attached copy of the recorded DOT that includes Exhibit A. - 02/02/2026 Finding is cleared with the attached copy of the recorded DOT that includes Exhibit A. | Approved C |
| 1030430 | XXXX | 1161372 | 01/21/2026 | Credit | Subject Property Listed for Sale | PROP 0006 | 1 | Closed | The subject property was listed for sale the day of closing (redacted). The property was listed (redacted). Removed (redacted) and relisted (redacted). Per the guidelines, the property listing must be removed prior to closing. <br>| 02/26/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; | 02/20/2026 2/20 AMB: Please note that the subject rent that was used to qualify the loan was accurate at the time the review was completed, and is the amount that should have been used to qualify. The comparable rent schedule was dated 11/17/2025, which is almost 3 months prior to when the property was listed for rent, and the market rent from current day cannot be considered for qualification as it was not the case at the time of the loan's closing. <br> 02/11/2026 2/11 AMB: Please note that the subject property is no longer listed for sale, as it is now listed for rent. Please see attached to confirm. | 02/26/2026 Finding is cleared the (redacted) search that confirms the listing for sale was removed (redacted), which is prior to closing, relisted (redacted), and changed to listed for rent at (redacted). -- Investor accepts the use of the market rent from the (redacted). - 02/26/2026 Finding is cleared the zillow search that confirms the listing for sale was removed 12/11/2025, which is prior to closing, relisted XXXX, and changed to listed for rent at $2500 on 1/30. -- Investor accepts the use of the market rent from the 1007.<br> 02/25/2026 Escalated to investor for review.<br> 02/16/2026 Finding is partially cleared with the attached Zillow search reflects the subject currently as listed for rent for $2500. -- Marketed rent of $2500 < $2750 1007 Market Rent. If the property was to be leased at the current advertised price the DSCR would decrease to .90 < 1.0 minimum required.<br>NOTE: Review search confirms the listing for sale was removed 12/11/2025, which is prior to closing, relisted XXXX, and changed to listed for rent at $2500 on 1/30. | Funded C A |
| 1030430 | XXXX | 1161393 | 01/21/2026 | Credit | Unacceptable Mortgage History | CRED 0001 | 1 | Closed | The file is missing evidence (redacted) payment was made for the subject property. The file included a VOM confirming the next payment due is (redacted), loan closed (redacted). | 02/03/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; | 01/28/2026 1/28 AMB: Please note that the VOM states the next payment was due 12/5/2025, but the payoff statement is dated 1/6/2026. The payoff confirms that there are no late fees included in the amount being paid, which indicates that the December payment was made timely. | 02/03/2026 TPR set in error. VOM covers through the application date (redacted). Per gl, For all occupancies, no mortgage payment, including subordinate liens, may be (through application date). - 02/03/2026 TPR set in error. VOM covers through the application date 11/5/2025. Per gl, For all occupancies, no mortgage payment, including subordinate liens, may be (through application date). | Funded C A |
| 1030430 | XXXX | 1161933 | 01/25/2026 | Credit | Missing Schedule of Real Estate Owned | APP 0005 | 2 | Acknowledged | Final (redacted) does not include any REO owned. (redacted) should include any REO the borrower is personally liable for for with the mortgages matched. (redacted). |  | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; | 01/28/2026 1/28 AMB: Please note that the subject transaction is a DSCR loan, and the final 1003 is not required to list the borrower's REOs as they are not included in the qualification of the loan due to the nature of the DSCR product. The initial 1003 includes the list of REO's that the borrower owns, with additional REO documentation for each property delivered in the original loan file to support. An updated 1003 is not required. | 02/03/2026 EV2/B - Loan was approved under the DSCR loan program, thus incomplete REO schedule is deemed non-material. | Funded C B |
| 1030430 | XXXX | 1161936 | 01/25/2026 | Credit | Discrepancy between 1003 and documentation stated and/or verified in file | APP 0006 | 1 | Closed | Missing copy of mortgage statement for (redacted). The initial (redacted) reflects this mortgage to be linked to the primary residence (redacted) however, the open liens report reflects no open lien data. Per the guideline, file must contain verification of the Borrower's (redacted)-month mortgage payment history on the primary residence (if applicable), and any mortgage loans on a Second/Vacation Home or Investment Property. | 02/03/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; | 01/28/2026 1/28 AMB: Please see the attached final CD from the origination of the XXXX loan tied to XXXX. The original loan amount of $647,200 and open date of 12/2021 matches the date opened and high credit amount of XXXX on the credit report to confirm this is the same property. | 02/03/2026 Finding is cleared with the attached copy of the CD to evidence that the (redacted) mortgage reporting on the credit report belongs to primary residence. - 02/03/2026 Finding is cleared with the attached copy of the CD to evidence that the XXXX XXXX mortgage reporting on the credit report belongs to primary residence. | Funded C A |
| 1030430 | XXXX | 1161937 | 01/25/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | Missing copy of the Security instrument(s) for (redacted). (The payoff and Exhibit A reflect the following REO: (redacted). There is a word doc that reflects the payoff amounts for each of these REO however, review is unable to verify who provided this documentation as it is not on letterhead. | 02/03/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; | 01/28/2026 1/28 AMB: Please note that the payoff statement lists the loan number, and next to "Property" says "See Exhibit A". The document that lists all the properties under the blanket loan reflects "Exhibit A" at the top, confirming that it's part of the same document. Please also see the attached promissory note. No additional documentation is required. | 02/03/2026 Payoff quote was provided on the creditors letterhead (redacted). - 02/03/2026 Payoff quote was provided on the creditors letterhead (pg 304). | Funded C A |
| 1028539 | XXXX | 1161425 | 01/21/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 1 | Closed | Missing Business Purpose and Occupancy Affidavit as required per guidelines (GL pg (redacted)). | 02/02/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 01/29/2026 Business Purpose and Occupancy Affidavit | 02/02/2026 Finding is cleared with the borrower electronically signed Business Purpose & Occupancy Affidavit. - 02/02/2026 Finding is cleared with the borrower electronically signed Business Purpose & Occupancy Affidavit. | Approved C |
| 1029876 | XXXX | 1161459 | 01/21/2026 | Credit | Missing Verification of Rental | CRED 0021 | 1 | Closed | Missing verification of rental payment history for (redacted). | 02/02/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - (redacted) DTI < (redacted) Max Allowed.; | 01/31/2026 VOR | 02/02/2026 Finding is cleared with the attached VOR. - 02/02/2026 Finding is cleared with the attached VOR. | Approved C |
| 1029594 | XXXX | 1161177 | 01/20/2026 | Compliance | Missing Evidence of Re-disclosure and a valid COC for an increase in the "Cannot Increase Category" fee(s) from the prior disclosed Loan Estimate/Closing Disclosure | TRID 0195 | 1 | Closed | Missing valid COC for increase in discount points - from (redacted) to (redacted). Loan file is missing Initial CD and any corresponding COC. | 02/03/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - B2 has been self-employed for (redacted) years.; | 01/28/2026 Loan program was updated on 12/23/2025. Loan Discount Points were updated and changes were disclosed to borrower on the CD issued 12/24/2025. Please see COC, CD, and program change email | 02/03/2026 Recd interim CD and corresponding COC. Refer to (redacted) for missing initial CD. - 02/03/2026 Recd interim CD and corresponding COC. Refer to TRID 0008 for missing initial CD. | Approved C |
| 1029594 | XXXX | 1161178 | 01/20/2026 | Compliance | Initial CD Received Date is < 3 business days prior to Consummation Date | TRID 0008 | 1 | Closed | Earliest CD in loan file is dated (redacted), same date as closing. Lender to provide Initial CD dated at least (redacted) business days prior to loan consummation date of (redacted). | 02/03/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - B2 has been self-employed for (redacted) years.; | 01/28/2026 ICD | 02/03/2026 Finding is cleared with the attached copy of the initial CD. - 02/03/2026 Finding is cleared with the attached copy of the initial CD. | Approved C |
| 1031079 | XXXX | 1162260 | 01/27/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing final approval. The (redacted) and approval in the file reflect the interest rate (redacted), per the Note the actual rate is (redacted). | 02/03/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - (redacted) DTI < (redacted) Max Allowed.; | 02/02/2026 2/2 MM: Please see attached document that reflects not rate of 6.836% | 02/03/2026 Finding is cleared with the attached loan approval. - 02/03/2026 Finding is cleared with the attached loan approval. | Approved C |
| 1031191 | XXXX | 1161264 | 01/21/2026 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 1 | Closed | Missing evidence of Final executed Seller CD. | 02/02/2026 | Low DTI - Max DTI is (redacted) - Subject loan is at (redacted); Verified reserves - (redacted) mos required reserves; Borrower has (redacted) mos verified reserves.; Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; | 01/29/2026 Seller CD | 02/02/2026 Finding is cleared with the attached copy of the seller CD. - 02/02/2026 Finding is cleared with the attached copy of the seller CD. | Funded C A |
| 1031191 | XXXX | 1161266 | 01/21/2026 | Compliance | Last Loan Estimate Sent Method Not In Person and No Received Date | TRID 0023 | 1 | Closed | Missing evidence of receipt of the last LE issued (redacted). timing requirement not met with US Mailbox Rule applied. | 02/02/2026 | Low DTI - Max DTI is (redacted) - Subject loan is at (redacted); Verified reserves - (redacted) mos required reserves; Borrower has (redacted) mos verified reserves.; Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; | 01/29/2026 Disclosure history | 02/02/2026 Finding is cleared with the attached disclosure tracking evidencing the borrower reviewed the LE (redacted). - 02/02/2026 Finding is cleared with the attached disclosure tracking evidencing the borrower reviewed the LE 12/31. | Funded C A |
| 1031191 | XXXX | 1162886 | 02/02/2026 | Compliance | Last Loan Estimate Received Date and Consummation Date | TRID 0022 | 1 | Closed | NEW due to presentment for TRID 0023 - Disclosure tracking evidences delivery to borrower of the LE issued (redacted) on (redacted). Timing requirement not met. -- The last Loan Estimate Received Date of (redacted) is not (redacted) business days before the consummation date of (redacted). (redacted) business days before consummation is (redacted). Under Regulation Z, a consumer must receive a revised Loan Estimate no later than (redacted) business days before consummation. (redacted) | 02/24/2026 | Low DTI - Max DTI is (redacted) - Subject loan is at (redacted); Verified reserves - (redacted) mos required reserves; Borrower has (redacted) mos verified reserves.; Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; | 02/18/2026 LOE | 02/24/2026 Disclosure history re-reviewed. LE issued are received on 12/30, but retracted on 12/31 when the initial CD was issued. The initial CD was issued and received on 12/31. Timing requirements met. | Funded C A |
| 1030096 | XXXX | 1161939 | 01/25/2026 | Credit | Missing Schedule of Real Estate Owned | APP 0005 | 2 | Acknowledged | Missing updated (redacted) which includes all REO. Final (redacted) does not reflect any REO. (redacted) should include all REO that the borrower is personally liable for. |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; | 01/28/2026 1/28 AMB: Please note that the subject transaction is a DSCR loan, and the final 1003 is not required to list the borrower's REOs as they are not included in the qualification of the loan due to the nature of the DSCR product. The initial 1003 includes the list of REO's that the borrower owns, with additional REO documentation for each property delivered in the original loan file to support. An updated 1003 is not required. | 02/02/2026 EV2/B - Incomplete REO section of the final 1003 is deemed non-material for the DSCR loan. Received post-consummation dated CDs for non-subject REO for transactions that have not yet closed (CR 0001), thus no VOMs required. All other mortgages verified in file. | Approved C B |
| 1030096 | XXXX | 1161940 | 01/25/2026 | Credit | Unacceptable Mortgage History | CRED 0001 | 2 | Acknowledged | The initial (redacted) reflects (redacted) REO with a (redacted) mortgages that are not reported on the credit report. If these are for transactions in process a copy of the LE or CD are required for verification of the best known information at the time of closing. ((redacted), (redacted)) (VOM may be required if closed > (redacted) days) |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; | 01/28/2026 1/28 AMB: Please see the attached documentation to show the preliminary CD's for the XXX loans that are currently still in process for the properties at XXXX and XXXX. Please note that the new XXXX loan for XXXX is XXXX. The XXXX loan ending in XXXX was the transaction from 2024, the final CD for this transaction was also provided below to confirm. This mortgage was then transferred to XXXX, for which the mortgage history and documentation was already provided in the loan file. | 02/02/2026 EV2/B - Finding is downgraded with the attached post-consummation dated CDs for non-subject REO. DSCR loan thus considered non-material. | Approved C B |
| 1030096 | XXXX | 1161941 | 01/25/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | Missing verification borrowers has no ownership in the primary residence (redacted) as per rent free LOE pg (redacted). Per guideline verification of the primary residence is required. | 02/02/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; | 01/28/2026 1/28 AMB: Please note that the guideline requires a verification of the 12-month payment history for primary address, but nothing additional would be required from the borrower aside from the rent free LOE. However, please see the attached documentation to confirm that the borrower is not financially obligated on the property a tXXXX. | 02/02/2026 Finding is cleared with the attached open lien report evidencing borrower is not owner of primary residence. - 02/02/2026 Finding is cleared with the attached open lien report evidencing borrower is not owner of primary residence. | Approved C |
| 1031358 | XXXX | 1161612 | 01/22/2026 | Credit | Insufficient verified reserves | CRED 0100 | 1 | Closed | The borrower is short reserves in the amount of (redacted). The final CD reflected the borrowers were required to bring (redacted) to closing plus document (redacted) months of reserves in the amount of (redacted) for a total of (redacted) of required funds to be verified. The file included total assets of (redacted). (redacted) | 02/11/2026 | Verified credit history - Credit Score (redacted) > (redacted) Minimum Required.; | 02/04/2026 Please re-review to XXXX DU NQM per Seller. Loan has been re-locked. AUS in file. Thank you!<br> 01/31/2026 Response per team. | 02/11/2026 Recd (redacted) NQM GL, which follows (redacted). No reserves required by (redacted). - 02/11/2026 Recd DU NQM GL, which follows DU. No reserves required by DU.<br>02/09/2026 Escalated to investor for review.<br>02/02/2026 Lender to confirm which guidelines the loan was underwritten. Review used XXXX Underwriting Guidelines v1.8. Investor lock in file reflects Platinum-Near Prime and approval reflects XXXX NQM. | Funded C A |
| 1031358 | XXXX | 1162251 | 01/27/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | (redacted) has a home improvement mortgage reflected on her credit report that does not appear to be associated with the subject as it is not reflected on title or the property profile. Missing verification of what property this mortgage is associated with, no other REO noted in the file. | 02/18/2026 | Verified credit history - Credit Score (redacted) > (redacted) Minimum Required.; | 01/31/2026 Response per team. | 02/18/2026 Investor accepts seller explanation -- Credit report is reporting a home improvement loan, which is not reporting on title. Fraud report reflects no potential undisclosed REO and there are no other active (redacted) registrations except for the (redacted) lien being refinanced. If the home improvement loan was considered in the LTV calc it would be < (redacted) max allowed. - 02/18/2026 Investor accepts seller explanation -- Credit report is reporting a home improvement loan, which is not reporting on title. Fraud report reflects no potential undisclosed REO and there are no other active MERS registrations except for the 1st lien being refinanced. If the home improvement loan was considered in the LTV calc it would be < 85% max allowed. <br> 02/02/2026 Provide credit supplement confirming the liability is an installment loan. | Funded C A |
| 1031358 | XXXX | 1162255 | 01/27/2026 | Credit | Missing Tax Transcript(s) | CRED 0091 | 2 | Acknowledged | Missing wage and income transcripts for both borrowers, as required per guidelines. |  | Verified credit history - Credit Score (redacted) > (redacted) Minimum Required.; | 02/03/2026 See attached | 02/03/2026 EV2/B Finding is downgraded with the attached post-consummation dated wage transcripts. | Funded C B |
| 1031568 | XXXX | 1162424 | 01/28/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing the lender's (redacted) Underwriting Transmittal from the file. | 02/02/2026 | Verified employment history - (redacted) has been employed as an (redacted) for (redacted) years. (redacted) has been self-employed for (redacted) years.; Low DTI - DTI (redacted) < (redacted) Max.; | 01/29/2026 Please see 1008 attached | 02/02/2026 Finding is cleared with the attached (redacted). - 02/02/2026 Finding is cleared with the attached 1008. | Approved C |
| 1032029 | XXXX | 1162434 | 01/28/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing lender approval. Only the unsigned (redacted) is in the file. | 02/09/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Low DTI - Low DTI of (redacted) < (redacted) Max Allowed.; | 02/06/2026 Please see attached Approval and 1008 documents | 02/09/2026 Finding is cleared with the attached conditional approval. - 02/09/2026 Finding is cleared with the attached conditional approval. | Approved C |
| 1030957 | XXXX | 1161985 | 01/26/2026 | Compliance | Missing evidence of the Seller HUD1 | HUD 0027 | 1 | Closed | Missing seller CD or a copy of the final Alta Settlement statement that includes the seller's transaction information. Buyer HUD in file is only an estimate. | 02/03/2026 | Verified liquid assets and/or savings history - (redacted) mos reserves required - Borrower has over (redacted) mos in reserves.; Verified credit history - Minimum Fico (redacted) - Borrower's mid fico (redacted).; | 02/03/2026 Final Settlement Statement<br>01/27/2026 Closing Funds | 02/03/2026 Finding is cleared with the attached final settlement statement. - 02/03/2026 Finding is cleared with the attached final settlement statement.<br>02/02/2026 Attached notification of receipt of funds is insufficient to satisfy the finding. Missing is a copy of the seller CD or final settlement statement that includes seller's transaction information. | Approved C |
| 1031001 | XXXX | 1161835 | 01/23/2026 | Credit | Missing Business Purpose Attestation | CRED 0112 | 1 | Closed | Missing business purpose certification.-- <br>Per guidelines, Borrower's certification of business purpose that includes:<br>Borrower's and subject property's address;<br>Borrower intends to use the proceeds of the mortgage loan for a business purpose;<br>Borrower does not currently occupy the subject property or plan to occupy the subject property;<br>Subject property is leased or will be leased; and<br>Certification must be signed and dated by the Borrower. | 02/09/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV < (redacted) Max Allowed.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 02/09/2026 LL 2/9 Pleas see attached<br>01/29/2026 CT 1/29: Please see the attached // | 02/09/2026 Finding is cleared with the attached business purpose and occupancy affidavit. - 02/09/2026 Finding is cleared with the attached business purpose and occupancy affidavit. <br>02/02/2026 Attached disclosure tracking is insufficient to satisfy the finding. Missing a copy of the electronically or wet signed copy of the business purpose and occupancy affidavit. | Approved D |
| 1031042 | XXXX | 1162649 | 01/29/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval, only the (redacted) is in the file. | 02/02/2026 | Verified credit history - Mortgage history reviewed (redacted) mos (redacted).; | 02/02/2026 Approval | 02/02/2026 Finding is cleared with the attached loan approval. - 02/02/2026 Finding is cleared with the attached loan approval. | Approved C |
| 1031042 | XXXX | 1162710 | 01/30/2026 | Credit | Missing Source of Funds | CRED 0108 | 1 | Closed | Provide missing documentation and LOE for large deposit on (redacted). | 02/09/2026 | Verified credit history - Mortgage history reviewed (redacted) mos (redacted).; | 02/04/2026 Deposit was from borrowers vested stock | 02/09/2026 Finding is cleared with the attached (redacted) statement to source large deposit from the liquidation of restricted stock. - 02/09/2026 Finding is cleared with the attached MS statement to source large deposit from the liquidation of restricted stock. | Approved C |
| 1031269 | XXXX | 1162104 | 01/27/2026 | Credit | Seller Contributions exceed 2% | CRED 0081 | 2 | Acknowledged | Seller contribution of $7500 is 3.03%. Per guidelines, the max IPS is 3%. |  | Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since xxxx.; |  | 02/20/2026 EV2/B Investor Acknowledged Exception | Funded C B |
| 1031269 | XXXX | 1162112 | 01/27/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | Missing Business Purpose and Occupancy Affidavit per GL. |  | Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since xxxx.; | 02/12/2026 Attached | 02/17/2026 Finding is cleared with the attached business purpose and occupancy affidavit. - 02/17/2026 EV2/B - Finding is downgraded with the attached post-consummation dated business purpose and occupancy affidavit. | Funded C B |
| 1031269 | XXXX | 1162459 | 01/28/2026 | Credit | LTV Exceeds Max Allowed | CRED 0010 | 1 | Closed | Based on documentation in the file, the borrower is a first time investor, subject LTV is 80%. Per guidelines first time investors are limited to a maximum LTV of 70%. | 02/17/2026 | Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since xxxx.; | 02/13/2026 Please see attached NAF variance. Thank you! | 02/17/2026 Received confirmation from investor of the active variance for seller, First Time Investor Requirements no longer apply to NAF. that - 02/17/2026 Received confirmation from investor of the active variance for seller, First Time Investor Requirements no longer apply to NAF. that <br>02/17/2026 Escalated to investor for review. | Funded C A |
| 1031269 | XXXX | 1162467 | 01/28/2026 | Credit | Missing Source of Funds | CRED 0108 | 2 | Acknowledged | Missing XXXX brokerage account to support the source of the $45,500 deposit into XXXX \*\*XXXX on XX/XX/XX. If backed out, the borrower does not have sufficient funds for closing or reserves. |  | Verified housing payment history - 99+ months of verified mortgage history paid 0x30 since xxxx.; | 02/02/2026 See attached | 02/20/2026 EV2/B Investor Acknowledged Exception<br>02/02/2026 Funds are sourced from non-borrowing title holder, Carter Ricks. Per GL, Gift funds not allowed on investment property transactions. Exceptions considered on a case-by-case basis. | Funded C B |
| 1031272 | XXXX | 1161836 | 01/23/2026 | Compliance | Final APR Outside Tolerance of .125 from APR 3 Business Days Prior to Closing | TRID 0206 | 2 | Acknowledged | CD XX/XX/XXXX APR 7.286% reduced to 6.892% on the CD signed at closing on XX/XX/XXXX |  | Verified reserves - 12 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self-employed for 3 years.; Low DTI - Low DTI of 26.69%.; |  | Client: EV2/B APR Decreased, Benefit to borrower. | Approved C B |
| 1031272 | XXXX | 1162024 | 01/26/2026 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 2 | Acknowledged | Missing seller CD/HUD. |  | Verified reserves - 12 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self-employed for 3 years.; Low DTI - Low DTI of 26.69%.; |  | Client: EV2/B Non-Material | Approved C B |
| 1031422 | XXXX | 1162428 | 01/28/2026 | Property | Appraisal is Incomplete | APPR 0002 | 1 | Closed | 1007 is missing the current rent on the income producing subject property. Current rent should be evaluated on the loan qualified under the DSCR loan program. | 02/17/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 02/11/2026 02/11 vm XXXX Risk Management has reviewed and is comfortable with using the 1007 provided. Verbal confirmation of the current rent is acceptable. In this case we have a copy of the lease and are using the lower rent figure to calculate the DSCR. Guidelines do not require the current rent to be completed. Please clear the suspense item.<br> 02/10/2026 2/10 MM: I understand that the current rent amount is missing from the 1007 however we have an active lease agreement on file in the amount of $1,850 that we are using to qualify. An updated 1007 will not change the rent amount or ratios.<br> 02/04/2026 2/4 MM: Please see attached 1007 for the file. I do see that the current rent is missing on the document however, we have the lease agreement in file that can confirm what the property is currently being rented at. | 02/17/2026 Finding is cleared. DSCR calculation used the lesser lease amount vs market rent. - 02/17/2026 Finding is cleared. DSCR calculation used the lesser lease amount vs market rent.<br>02/11/2026 Current rent on an occupied investment property should be evaluated by the appraiser. Current rent on the 1007 from 3rd party appraiser is used to support the rent on the lease agreement. It is not uncommon for there to be discrepancies noted by between the 3rd party appraiser and lease agreement which would have to be evaluated.<br>02/09/2026 The current rent in column two of the attached 1007 is incomplete. If the subject is currently rented the appraiser should evaluate current rent. | Funded C A |
| 1030013 | XXXX | 1162100 | 01/27/2026 | Property | Non-Warrantable Condominium | COND 0011 | 2 | Acknowledged | The subject is non-warrantable due to master insurance for the roof being based on actual cash value. Approved exception p150 |  | Low LTV/CLTV/HCLTV - Maximum LTV of 90% with review LTV of 49.37%. ; Disposable Income - The loan has residual income of $9,850.98 monthly. ; Low DTI - Maximum DTI of 50% with review DTI of 28.03%.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified reserves - Required 3 months of reserves with verified assets of 12 months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of 680 with actual FICO of 815.; |  | Client: EV2/B - Investor Acknowledged Exception | Funded C B |
| 1031007 | XXXX | 1162475 | 01/28/2026 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing the lender's loan approval/underwriting decision. | 01/29/2026 | Verified reserves - 60 months of verified reserves when GL required 3.; Verified housing payment history - 84 months of verified mortgage history paid 0x30.; | 01/29/2026 Please see UW Decision | 01/29/2026 Lender loan approval received. - 01/29/2026 Lender loan approval received. | Funded D A |
| 1031007 | XXXX | 1162478 | 01/28/2026 | Credit | Hazard Insurance Coverage Amount is Insufficient | HAZ 0004 | 1 | Closed | Dwelling Coverage of $XXXX is based on the Actual Cash Value, which is less than 80% of the replacement cost $XXXX ($XXXX x 80% = $XXXX. | 01/29/2026 | Verified reserves - 60 months of verified reserves when GL required 3.; Verified housing payment history - 84 months of verified mortgage history paid 0x30.; | 01/29/2026 Please see the Sellers approved guideline- snip attached, the coverage meets the guidelines. Please see page 43. | 01/29/2026 Agree with lender response. Coverage exceeds loan amount. - 01/29/2026 Agree with lender response. Coverage exceeds loan amount. | Funded C A |
| 1032113 | XXXX | 1162613 | 01/29/2026 | Credit | APN Number is not listed on Security Instrument | COLL 0001 | 2 | Acknowledged | The APN does not appear on the Mortgage document. |  | Low LTV/CLTV/HCLTV - (redacted) LTV < (redacted) Max.; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted).; |  | 02/02/2026 EV2/B Non-material, full legal description included | Approved C B |
| 1032113 | XXXX | 1162625 | 01/29/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval, only the unsigned (redacted) is in the file. | 02/02/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV < (redacted) Max.; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted).; | 01/30/2026 Uploaded Lender approval. | 02/02/2026 Finding is cleared with the attached underwriting decision. - 02/02/2026 Finding is cleared with the attached underwriting decision. | Approved C |
| 1032719 | XXXX | 1162126 | 01/27/2026 | Compliance | LE / CD Re-Disclosure Made Post-Consummation | TRID 0146 | 2 | Acknowledged | Loan closed (redacted). PCCD issued (redacted). EV2, no change to compliance results. |  | Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; Low DTI - (redacted) DTI < (redacted) Max Allowed.; |  | 01/28/2026 EV2/B - Initial Grade | Approved C B |
| 1032719 | XXXX | 1162323 | 01/28/2026 | Property | Appraisal is Incomplete | APPR 0002 | 1 | Closed | The appraiser to address (redacted) HOA Dues for the PUD Property. | 02/09/2026 | Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; Low DTI - (redacted) DTI < (redacted) Max Allowed.; | 02/09/2026 2/9 MM: Please see attached updated copy of the appraisal report | 02/09/2026 Finding is cleared with the attached revised appraisal report, HOA (redacted) annually. - 02/09/2026 Finding is cleared with the attached revised appraisal report, HOA $300 annually. | Approved C |
| 1032719 | XXXX | 1164404 | 02/09/2026 | Compliance | Estimated Property Costs over Year 1 Are Not Accurate | TRID 0204 | 2 | Acknowledged | NEW BASED ON RECEIPT OF UPDATED APPRAISAL - Lender disclosed Estimated Taxes, Insurance & Assessments of (redacted) with estimated property costs over (redacted) year of (redacted) ((redacted) mths). The actual Estimated Taxes, Insurance & Assessments were (redacted) per month. Estimated property costs over (redacted) year should have been (redacted). Variance appears to be in the HOA Fees. Per the (redacted) the lender used (redacted), actual amount verified (redacted). |  | Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; Low DTI - (redacted) DTI < (redacted) Max Allowed.; | 03/16/2026 LL 3/16 Please see the attached Letter of Explanation, Corrected Closing Disclosure, and proof of delivery<br>02/17/2026 2/17 MM: Please see updated document that reflects the HOA dues of $25 monthly | 03/17/2026 EV2/B - Recd PCCD, cover letter, and courier tracking receipt to evidence package is in transit to borrower within 60 days from discovery.<br>02/17/2026 Attached updated 1008/1003 is insufficient to satisfy the finding. Missing PCCD and cover letter addressing the reason for re-disclosure. | Approved C B |
| 1031101 | XXXX | 1162209 | 01/27/2026 | Compliance | Incomplete Change of Circumstance | COMP 0020 | 1 | Closed | Missing COC for the loan amount change that resulted in the increase to the transfer taxes. COC issued (redacted) states the change event was that the rate was locked, which would not affect the transfer taxes. | 02/05/2026 |  | 02/03/2026 Loan amount also increased when the loan was locked | 02/05/2026 Attached pricing history confirms loan amount increased and rate locked on (redacted). - 02/05/2026 Attached pricing history confirms loan amount increased and rate locked on 12/23. | Approved C |
| 1032406 | XXXX | 1162432 | 01/28/2026 | Property | Non-Warrantable Condominium | COND 0011 | 1 | Closed | The property's master insurance policy pays actual cash value for roofs over (redacted) years. The HOA LOE states roofs were replaced between (redacted) and 9redacted) so ACV applies to all roofs in the project. The Condo Warranty form states this is acceptable per the updated guidelines, but it is not noted in the Version (redacted) guidelines dated (redacted). | 02/10/2026 | Verified reserves - (redacted) mos required - Borrower has over (redacted) mos in reserves. ; Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; | 02/10/2026 Please review the email regarding updated guidelines, sent by XXXX.<br> 02/10/2026 Please review the email regarding updated guidelines, sent by XXXX.<br> 02/03/2026 It looks like this does not require an exception based on the recent updated EDGE Non-QM guidelines regarding master insurance policy roof coverage - email from XXXX no issue on this matter | 02/10/2026 Received updated guidelines, Master Insurance Policy must provide for claims to be settled on a replacement cost basis (RC), except for roofs and non-building structures (e.g., fences, sheds, outdoor equipment, etc.) - 02/10/2026 Received updated guidelines, Master Insurance Policy must provide for claims to be settled on a replacement cost basis (RC), except for roofs and non-building structures (e.g., fences, sheds, outdoor equipment, etc.)<br>02/10/2026 Received updated guidelines, Master Insurance Policy must provide for claims to be settled on a replacement cost basis (RC), except for roofs and non-building structures (e.g., fences, sheds, outdoor equipment, etc.)<br>02/09/2026 Escalated to investor for review. | Approved C |
| 1032406 | XXXX | 1162462 | 01/28/2026 | Credit | HOA Payment is not verified | CRED 0133 | 1 | Closed | Missing evidence of HOA dues for (redacted). Only taxes are documented for this property. | 02/03/2026 | Verified reserves - (redacted) mos required - Borrower has over (redacted) mos in reserves. ; Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; | 02/03/2026 686.70 month withdrawal on stmt XXXX | 02/03/2026 Finding is cleared with the attached bank statement showing HOA fees being paid for the (redacted). EOI confirms the address is associated with (redacted). - 02/03/2026 Finding is cleared with the attached bank statement showing HOA fees being paid for the XXXX. EOI confirms the address is associated with XXXX. | Approved C |
| 1032406 | XXXX | 1162727 | 01/30/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing evidence of insurance for (redacted). Only taxes are documented for this property. | 02/02/2026 | Verified reserves - (redacted) mos required - Borrower has over (redacted) mos in reserves. ; Verified credit history - Middle Credit Score (redacted) > (redacted) Minimum Required.; | 02/02/2026 Insurance list both properties | 02/02/2026 Finding is cleared with the attached EOI. - 02/02/2026 Finding is cleared with the attached EOI. | Approved C |
| 1030982 | XXXX | 1162853 | 02/02/2026 | Credit | Missing Evidence of Liquidation of Assets for Cash to Close | CRED 0110 | 1 | Closed | Missing copy of check or wire for funds to close to verify funds to close came from asset account verified as per the lender loan approval (redacted). | 03/03/2026 |  | 02/25/2026 TRANSACTION HISTORY <br>02/18/2026 closing funds documents | 03/03/2026 Finding is cleared with the attached post-closing bank statement showing the withdrawal of funds for cash to close (redacted); an additional deposit was made (redacted) in the amount of (redacted). - 03/03/2026 Finding is cleared with the attached post-closing bank statement showing the withdrawal of funds for cash to close (XXXX dated 1/21/2026); an additional deposit was made 1/21 in the amount of $8,420.75.<br> 02/24/2026 Finding is partially cleared with the attached CPA letter, two months bank statements (XXXX), and wire transmittal showing funds for closing coming from the business. Review noted wire for cash to close $81,000 > $71,243.37 12/31 statement balance. Missing updated transaction history showing sufficient funds to cover the wire. | Funded C A |
| 1031197 | XXXX | 1162506 | 01/29/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Mortgage (redacted) is missing the legal description. Separate legal descriptions on pages (redacted) are from title commitment and title policy. | 02/27/2026 | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted) mths.; | 02/24/2026 BF 2.24.2026 - Please see attached Legal | 02/27/2026 Finding is cleared with the attached copy of the legal description. - 02/27/2026 Finding is cleared with the attached copy of the legal description. | Funded C A |
| 1031197 | XXXX | 1162529 | 01/29/2026 | Credit | Sales Contract is not executed by all Parties | CRED 0106 | 1 | Closed | Missing co-buyer (redacted) signature on Purchase Contract (redacted). | 02/27/2026 | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted) mths.; | 02/25/2026 02/25 vm/XXXX Please see item #5 on the document previously provided, it states Purchaser is being removed.<br> 02/12/2026 2/12 AD: Please see the attached updated purchase agreement removing XXXX from the original original contract. <br> 02/10/2026 2/10 AD: Please note that XXXX is not a borrower and therefore does not need to fully execute the contract. | 02/27/2026 Finding is cleared with rider previously provided, refer to (redacted) removal of purchaser section. - 02/27/2026 Finding is cleared with rider previously provided, refer to #5 removal of purchaser section.<br> 02/17/2026 Attached Rider was intended to remove the non-borrowing title holder. -- Missing addendum to purchase contract or signed escrow instructions removing the non-borrowing title holder name as buyer. <br> 02/11/2026 XXXX is non-borrowing title holder. Contract must be fully executed by all parties. | Funded C A |
| 1031197 | XXXX | 1162539 | 01/29/2026 | Compliance | Missing Evidence of valid COC for interim disclosed Loan Estimate/Closing Disclosure. | TRID 0161 | 1 | Closed | Missing satisfactory COC to explain the addition of (redacted) appraisal / (redacted) fee of (redacted) on CD issued (redacted) (redacted). Corresponding COC on (redacted) indicates borrower requested change. (Actual reason for change was appraisal being completed Subject To Repairs) | 02/03/2026 | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted) mths.; | 02/03/2026 LI 2/3 Please see the attached Final Closing Disclosure and Tolerance Cure breakdown which shows the borrower was provided a credit at closing for the increase in the Appraisal Fee. | 02/03/2026 Credit to cure tolerance violation was disclosed and applied. - 02/03/2026 Credit to cure tolerance violation was disclosed and applied. | Funded C A |
| 1031334 | XXXX | 1162470 | 01/28/2026 | Compliance | Loan Disbursement Date is on or before the required Right of Rescission Expiration Date | ROR 0009 | 2 | Acknowledged | Missing copy of the final Alta Settlement statement to verify the actual loan disbursement date. (Corrected CD may be required) Final CD issued (redacted) has disbursement date of (redacted) which is the same date the ROR expired. |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted) w/a max allowed of (redacted).; Low DTI - Low DTI of (redacted) w/a max allowed of (redacted).; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 02/17/2026 see attached PCCD <br>02/04/2026 See attached | 02/24/2026 EV2/B - Finding is downgraded with the attached copies of the PCCD, cover letter, refund check ($10), and courier tracking receipt to evidence delivery to borrower was completed within 60 days of consummation.<br> 02/09/2026 Missing corresponding final dry funding CD that corresponds with the settlement statement, disbursement XX/XX/XXXX, interest from 1/20, with cash to borrower XXXX | Funded C B |
| 1032045 | XXXX | 1162724 | 01/30/2026 | Credit | Missing Credit Report | CR 0001 | 1 | Closed | Missing credit report. Minimum credit score is (redacted) due to DSCR score lower than (redacted). | 02/23/2026 |  | 02/06/2026 See attached | 02/23/2026 Finding is cleared with the original and pre-close credit reports. Guidelines do not have any requirements for tahe credit inquiry letter. - 02/23/2026 Finding is cleared with the original and pre-close credit reports. Guidelines do not have any requirements for ta credit inquiry letter. <br>02/09/2026 Finding is partially cleared with the attached original and pre-close credit reports. Missing is the borrower signed credit inquiry letter. | Funded D A |
| 1032045 | XXXX | 1163142 | 02/03/2026 | Credit | Unacceptable transaction type | CRED 0044 | 1 | Closed | The seasoning requirement for cash out refinances has not been met. The borrower purchased the property (redacted), (redacted) months and (redacted) days prior to the subject Note date. Per guidelines, the borrower must have owned the property for at least (redacted) months from the note date. | 02/23/2026 |  | 02/13/2026 Please see the settlement statement from purchase, and the bank statement verifying SOF that were previously uploaded to the condition. Thank you!<br> 02/11/2026 Although the XXXXManual NQM guidelines do not mention delayed financing, it is not prohibited. FNMA guidelines apply. Please note on page 5, Underwriting section, "Refer to the Fannie Mae Selling Guide for any topic not specifically addressed herein". Please review previously provided documentation and thank you!<br> 02/09/2026 This deal was a Delay Financing Transaction and its treated as a Rate and Term . <br>The LP forgot to upload the supporting docs.. <br>Attached is the Final Settlement from the Purchase where borrower had to bring in $XXXX <br> Also Attached is the retirement account used to purchase the subject property see page 110 that shows XXXX being transferred. <br> Although it's not match dollar for dollar. (off by $181.20), which is what borrower was previous told he need to wire, the Dates are matching 9/10/2026 | 02/23/2026 Received confirmation from investor that the guidelines defer to (redacted) for delayed financing; Purchase < (redacted) months allowed with copy of the settlement statement for purchase transaction and bank statement to source funds to close. - 02/23/2026 Received confirmation from investor that the guidelines defer to FNMA for delayed financing; Purchase < 6 months allowed with copy of the settlement statement for purchase transaction and bank statement to source funds to close.<br> 02/17/2026 Per FNMA selling guide, When the following conditions exist, the transaction is ineligible as a limited cash-out refinance and must be treated as a cash-out refinance: no outstanding first lien on the subject property.<br>Loan was acquired with cash.<br>Loan was approved as a cash out refinance withXXXX cash to borrower at closing. --Per guidelines, the borrower must have owned the property for at least 6 months from the note date. Seasoning requirement not met.<br>Borrower acquired the property XX/XX/XXXX for $XXXX with a current appraised value of XXXX. Cost of improvements were not documented in file.<br> 02/11/2026 Loan was approved as a cash out refinance with XXXX cash to borrower at closing. Cash out letter stated loan proceeds were to be used for business purpose. Borrower acquired the property XX/XX/XXXX for XXXX with a current appraised value of XXXX Cost of improvements were not documented in file. -- Per FNMA selling guide, When the following conditions exist, the transaction is ineligible as a limited cash-out refinance and must be treated as a cash-out refinance: no outstanding first lien on the subject property (except for single-closing construction-to-permanent transactions, which are eligible as a limited cash-out out refinance even though there is not an outstanding lien on the subject property);<br> 02/09/2026 The loan was approved as a cash out refinance. Program guidelines do not allow for delayed financing. | Funded C A |
| 1032211 | XXXX | 1162721 | 01/30/2026 | Property | Property Acreage exceeds 10 Acres | APPR 0029 | 1 | Closed | Property acreage exceeds guidelines. Subject is (redacted) acres, GL allow (redacted) acres max. | 02/06/2026 | Verified reserves - (redacted) months of verified reserves > (redacted) required. ; Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - (redacted) DTI < (redacted) Max.; | 02/06/2026 Please see UW Comment | 02/06/2026 Received (redacted) NQM Income Qualifying guideline (redacted), Acreage and land value must be typical and common for the subject's market. Maximum acreage permitted is (redacted) acres.<br> - 02/06/2026 Received XXXX NQM Income Qualifying guideline 11.20.2025, Acreage and land value must be typical and common for the subject's market. Maximum acreage permitted is 15 acres. | Funded C A |
| 1032211 | XXXX | 1163364 | 02/04/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing lender approval, only the unsigned (redacted) is in the file. | 02/06/2026 | Verified reserves - (redacted) months of verified reserves > (redacted) required. ; Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - (redacted) DTI < (redacted) Max.; | 02/05/2026 Please see UW DECISION | 02/06/2026 Finding is cleared with the attached underwriting decision. - 02/06/2026 Finding is cleared with the attached underwriting decision. | Funded C A |
| 1032211 | XXXX | 1163374 | 02/04/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | Missing verification of housing payment history for (redacted), mortgage is in the name of the non-borrowing spouse and title held by borrower and XXX. Per guidelines rent free from spouse or title only ownership requires institutional VOM or bank records to satisfy primary housing history (redacted). | 02/06/2026 | Verified reserves - (redacted) months of verified reserves > (redacted) required. ; Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - (redacted) DTI < (redacted) Max.; | 02/06/2026 Please see UW comment | 02/06/2026 Received (redacted) NQM Income Qualifying guideline (redacted), Borrower meets no housing history requirements section (redacted). - 02/06/2026 Received XXXX NQM Income Qualifying guideline 11.20.2025, Borrower meets no housing history requirements section 5.5.1. | Funded C A |
| 1030937 | XXXX | 1162822 | 02/02/2026 | Property | Non-Warrantable Condominium | COND 0011 | 2 | Acknowledged | Subject Property is a Non-Warrantable Condo with the follow ineligible characteristics:<br>- Excessive Delinquent HOA dues - 19.1% more than 60 days delinquent<br>- Excessive Investor concentration - 52.9%<br>- Full gut conversion with no engineering report available<br>|  | Low LTV/CLTV/HCLTV - Max LTV allowed 70% - Subject property LTV 65%; Verified credit history - Min Fico of 660 required - Borrower fico 752; Verified reserves - Reserves required 6 months - 27.6 verified; |  | Client: EV2/B - Investor acknowledged exception | Approved C B |
| 1031059 | XXXX | 1163341 | 02/04/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing Exhibit A with legal description | 02/14/2026 |  | 02/11/2026 2/11 SW- see attached | 02/14/2026 Complete copy of the mortgage received. - 02/14/2026 Complete copy of the mortgage received. | Approved C |
| 1031059 | XXXX | 1163459 | 02/05/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing proof of HOI for (redacted) and (redacted). The borrower confirms there are insurance policies on these free and clear properties, LOE p(redacted). | 02/24/2026 |  | 02/18/2026 2/18 MM: Please see attached documents | 02/24/2026 Finding is cleared with the attached EOI for non-subject REO (redacted). - 02/24/2026 Finding is cleared with the attached EOI for non-subject REO (XXXX and XXXX). | Approved C |
| 1031059 | XXXX | 1163463 | 02/05/2026 | Credit | Missing Verification of Liability (Contingent or Otherwise) | CRED 0097 | 1 | Closed | Missing evidence of (redacted) for (redacted) listed on (redacted) but not appearing on the credit report or the credit refresh (redacted). There is a (redacted) tradeline on credit, but it was paid off in (redacted). | 03/16/2026 |  | 03/11/2026 3/11 MM: Please see attached 1003<br> 02/26/2026 2/26 MM: The XXXX debt that was put on the loan app in error. The debt is shown on credit as paid off with a $0 balance. Please let us know what additional information we can provide. <br> 02/18/2026 2/18 MM: Please see attached LOX that explains the XXXX has a $0 balance as of 7/8/2025 | 03/16/2026 Finding is cleared with the attached revised (redacted) with the paid and closed (redacted) liability removed. - 03/16/2026 Finding is cleared with the attached revised 1008/1003 with the paid and closed XXXX liability removed.<br> 03/04/2026 A revised 1008/1003 can be accepted to satisfy the finding.<br> 02/24/2026 Missing lender documented source for XXXX installment loan with an unpaid balance of $XXXX and payment due of $3869 listed on the loan application liabilities. Prior XXXX loan was paid. | Approved C |
| 1032834 | XXXX | 1162785 | 02/02/2026 | Compliance | Corrected Closing Disclosure No Later Than 3 Business Days Before Consummation (Inaccurate APR)(Regular) | TRID 0003 | 2 | Acknowledged | APR on Final CD changed more than (redacted) from prior CD. New (redacted) day waiting period was required but not given. <br>CD (redacted) APR (redacted)<br>CD (redacted) APR (redacted) |  |  |  | Client: EV2/B Benefit to borrower, APR decreased. | Funded C B |
| 1032834 | XXXX | 1164272 | 02/09/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Loan approval and (redacted) provided reflect loan was approved as (redacted) NonQM. Loan was submitted under the (redacted) Non-QM Program. Missing updated approval / (redacted) reflecting corrected program. | 02/09/2026 |  | 02/09/2026 Correct 1008 | 02/09/2026 Finding is cleared with the attached revised (redacted), (redacted). - 02/09/2026 Finding is cleared with the attached revised 1008, Edge Asset Depletion. | Funded C A |
| 1030268 | XXXX | 1163784 | 02/06/2026 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing Lender Loan Approval. | 02/14/2026 |  | 02/10/2026 Uploaded Underwriter's loan approval. Thank you | 02/14/2026 Lender loan approval received. - 02/14/2026 Lender loan approval received. | Funded D A |
| 1030297 | XXXX | 1163184 | 02/04/2026 | Compliance | Right of Recission Is Not on Correct Form | ROR 0011 | 2 | Acknowledged | ROR completed on Form (redacted). Transaction is a lender to lender refinance, correct ROR would be (redacted). |  | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted).; Verified reserves - No reserves are required; however, the cash-out on the CD shows the borrower(s) have reserves of (redacted) months.; | 02/11/2026 Uploaded signed ROR. Thank you | 02/14/2026 EV2/B Post-Closing Corrective Action- ROR was corrected to the correct form. Borrower esigned 02/11/26, Expires 02/14/26. | Funded C B |
| 1030297 | XXXX | 1163427 | 02/05/2026 | Credit | Back-end Ratio exception (DTI) | CRED 0004 | 1 | Closed | Review DTI of (redacted) exceeds the max allowed of (redacted) per the (redacted) guidelines. Variance is due to calculated income used to qualify. See CRED 0084. | 02/25/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted).; Verified reserves - No reserves are required; however, the cash-out on the CD shows the borrower(s) have reserves of (redacted) months.; | 02/20/2026 Please see documentation uploaded for income/pension condition. It should clear this. | 02/25/2026 Refer to CRED 0084 - Finding is cleared with the attached updated (redacted), tax transcript, and (redacted) notes. Attached tax transcript confirms borrower was exempt from filing most recent year taxes, thus supporting the lenders updated social security income calculation grossing up net benefit by (redacted). Lenders updated DTI (redacted) / Review DTI (redacted), variance < (redacted) ((redacted) Max). - 02/25/2026 Refer to CRED 0084 - Finding is cleared with the attached updated 1008/1003, tax transcript, and UW notes. Attached tax transcript confirms borrower was exempt from filing most recent year taxes, thus supporting the lenders updated social security income calculation grossing up net benefit by 25%. Lenders updated DTI 48.762% / Review DTI 49.36%, variance < 3% (50% Max). | Funded C A |
| 1030297 | XXXX | 1164302 | 02/09/2026 | Credit | Income Calculation Discrepancy | CRED 0084 | 1 | Closed | Unable to validate pension income of (redacted) used to qualify. Actual pension income documented in file (redacted). (redacted). (redacted) were verified via direct deposits. There is an unknown deposit from (redacted) that was not included. Notes on the (redacted) show the breakdown is: Currently Pension income considered as stated (redacted). Currently Pension income from (redacted) considered as stated (redacted). Currently Pension income from (redacted) considered as stated (redacted). Pension income from (redacted) considered,(redacted). <br>| 02/25/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted).; Verified reserves - No reserves are required; however, the cash-out on the CD shows the borrower(s) have reserves of (redacted) months.; | 02/20/2026 Uploaded LOE, updated 1003 & 1008 and transcripts. | 02/25/2026 Finding is cleared with the attached updated (redacted), tax transcript, and (redacted) notes. Attached tax transcript confirms borrower was exempt from filing most recent year taxes, thus supporting the lenders updated (redacted) income calculation grossing up net benefit by (redacted). Lenders updated DTI (redacted) / Review DTI (redacted), variance < (redacted) ((redacted) Max). - 02/25/2026 Finding is cleared with the attached updated 1008/1003, tax transcript, and UW notes. Attached tax transcript confirms borrower was exempt from filing most recent year taxes, thus supporting the lenders updated social security income calculation grossing up net benefit by 25%. Lenders updated DTI 48.762% / Review DTI 49.36%, variance < 3% (50% Max). | Funded C A |
| 1031035 | XXXX | 1163462 | 02/05/2026 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing executed/dated Certificate of Beneficial Owners of Legal Entity Customers required per closing addendum page (redacted). File copy page (redacted) is not signed and dated. | 03/06/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 03/02/2026 3/2 MM: Please see attached documents | 03/06/2026 Finding is cleared with the attached executed copy of the certification regarding beneficial owners of legal entity customers. - 03/06/2026 Finding is cleared with the attached executed copy of the certification regarding beneficial owners of legal entity customers. | Funded C A |
| 1032238 | XXXX | 1164362 | 02/09/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing lender approval, only the 1008 is in the file. | 02/14/2026 | Verified reserves - 34 months of verified reserves when GL required 6.; Verified employment history - Borrower has been self-employed since 04/2023.; Low DTI - Low DTI of 3.44%.; | 02/10/2026 UW Approval | 02/14/2026 Lender loan approval received. | Funded C A |
| 1031147 | XXXX | 1164212 | 02/09/2026 | Property | Appraisal Discrepancy | APPR 0076 | 1 | Closed | The appraisal is expired. The file included an appraisal dated (redacted), with an appraisal update provided on (redacted). The appraisal was (redacted) days old at the time the update was provided and (redacted) days old at closing. Per the guidelines, the appraisal should be no more than (redacted) days at closing, with no allowance for an extension with an appraisal update. <br>| 02/19/2026 | Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 2/13/2026 - Waiting for investor to post updated guidelines to SFTP, (redacted) | 02/19/2026 Received updated guidelines from investor, (redacted): An appraisal update (recert of value) is required if the appraisal > (redacted) days of the note date. The appraisal may be no more than (redacted) days old on the note date. -- Updated guideline requirements met and finding cleared. - 02/19/2026 Received updated guidelines from investor, DSCR Investor Solutions 4: An appraisal update (recert of value) is required if the appraisal > 120 days of the note date. The appraisal may be no more than 365 days old on the note date. -- Updated guideline requirements met and finding cleared.<br>02/11/2026 Guideline used for review, DSCR Investor Solutions 4 Program Guidelines 6.3.25 - Age of Documentation: All documentation must be dated within 90 days of the date the Note is signed with the exception of the appraisal which may be no more than 120 days old on the date the Note is signed. | Funded C A |
| 1031147 | XXXX | 1167018 | 02/19/2026 | Credit | Insufficient Verified Reserves (Number of Months) | CRED 0017 | 2 | Acknowledged | (redacted) Months Verified Reserves < (redacted) Months Required. The only reserves documented in file: (redacted) less cash to close (redacted) = (redacted). |  | Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 02/27/2026 Please see attached. The borrower/guarantor on this loan is the Agent, CFO, contact and Director for the business on the bank statement. The business is active and has been in operation many years. Note that the borrower/guarantor's name is mentioned throughout the activity on the bank statement; he has access to the funds. Only a small portion of the funds is needed for the 1+ month of reserves of $4601. Bank statement reflects over $15K in assets. Thank you!<br>02/24/2026 Please see additional asset. Reserves now met.. Condition satisfied. | 03/12/2026 EV2/B Investor Acknowledged Exception to accept alternative documentation to evidence guarantors ownership of the business for which assets were used to satisfy the reserve requirements.<br> 03/03/2026 Escalated to investor for review.<br> 02/26/2026 Missing operating agreement confirming borrowers ownership percentage of XXXX. Borrowing entity was XXXX. | Funded C B |
| 1031350 | XXXX | 1164188 | 02/09/2026 | Credit | Missing Tax Transcript(s) | CRED 0091 | 1 | Closed | The loan file is missing the IRS wage transcripts for 2024 and 2023 per the GL p.21. | 03/14/2026 | Verified credit history - Required FICO of 700 with actual FICO of 776. ; | 03/12/2026 W2 | 03/14/2026 Wage transcripts for requested years received. | Approved C |
| 1031350 | XXXX | 1164689 | 02/10/2026 | Credit | Undisclosed or Excluded Debt | CRED 0086 | 1 | Closed | Review DTI is 52.37%, which exceeds max DTI of 50%. The reason for the variance is the monthly obligations - it appears the following debts are excluded, missing documentation to support the exclusion. No debt was paid off on the CD.<br> XXXX revolving account reporting on credit, payment $68 balance $1,355<br> Affirm AWRH-SWQD p.320-320 remaining balance $620.60, monthly payment $42.41 (p320-321). More than 10 months remaining, no evidence of pay off.<br> XXXX ref #T4796D8V p.38 remaining balance $172.71, monthly payment $15.70 (p381). More than 10 months remaining, no evidence of pay off.<br> XXXX ref #KV7QVH4X p.389 remaining balance $116.34, monthly payment $10.58 (p389). More than 10 months remaining, no evidence of pay off. | 02/26/2026 | Verified credit history - Required FICO of 700 with actual FICO of 776. ; | 02/23/2026 Proof that the two XXXX accounts were paid off and we have Credit Supplements for XXXX and XXXX showing they are paid off. | 02/26/2026 Attached credit supplements confirm Affirm SWOD, XXXX, and XXXX all were paid or had a zero balance. DTI < 50% with the liabilities excluded and using 80% actual rent on rental income calc. Initial review only used 75%. Per guidelines, Cash flow = 80% of actual rent or market rent if applicable) minus PITIA. | Approved C |
| 1032118 | XXXX | 1164277 | 02/09/2026 | Credit | Missing Business Purpose Attestation | CRED 0112 | 1 | Closed | Missing business purpose attestation or LOE addressing the use of cash out proceeds. No documentation in the file confirming the use of cash out proceeds will be for business purposes. <br>| 02/14/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 02/12/2026 Business Purpose & Occupancy Affidavit | 02/14/2026 Executed Business Purpose & Occupancy Affidavit received. - 02/14/2026 Executed Business Purpose & Occupancy Affidavit received. | Funded D A |
| 1032118 | XXXX | 1164429 | 02/09/2026 | Credit | Missing CPA Letter | CRED 0138 | 1 | Closed | Missing verification of the existence, ownership percentage of the borrower, and ownership history for the borrower's business. The file only includes the bank statements and the business narrative completed by the borrower. | 02/14/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 02/12/2026 CPA Letter | 02/14/2026 (redacted) letter dated (redacted) confirming business and borrower ownership received. - 02/14/2026 CPA letter dated 01/21/26 confirming business and borrower ownership received. | Funded C A |
| 1032118 | XXXX | 1164431 | 02/09/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing tax document for parcel (redacted) verifying property tax amount and property type (appears to be raw land, if there are improvements the insurance premium must be obtained as well.) | 02/17/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; | 02/17/2026 Parcel 300-07461-002 Tax Info Vacant Land | 02/17/2026 Finding is cleared with the attached PDR confirming the property is vacant land - 02/17/2026 Finding is cleared with the attached PDR confirming the property is vacant land | Funded C A |
| 1032118 | XXXX | 1166586 | 02/17/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 2 | Acknowledged | Approved DTI (redacted) / Review DTI (redacted), variance > (redacted) is due to lender double counting the property tax and insurance liabilities on subject property. |  | Low LTV/CLTV/HCLTV - (redacted) LTV is below the maximum (redacted) LTV by (redacted). <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; |  | 02/17/2026 EV2/B - DTI < 50% Max Allowed. | Funded C B |
| 1032591 | XXXX | 1164598 | 02/10/2026 | Credit | Non-Arms Length Transaction | CRED 0026 | 1 | Closed | The transaction is non-arm's length per the letter of explanation from the borrower (redacted). Per the guidelines, Non-arm's length transactions are considered only under the following conditions: Primary residence only, appraiser must be informed and address the affect on market value. The transaction is the purchase of an investment property. Additionally, the appraiser was not informed the subject is a non-arm's length sale (redacted). <br>| 03/13/2026 | Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Verified housing payment history - 0x30 mortgage history for (redacted) months. <br>; Low DTI - DTI of (redacted) is (redacted) below maximum DTI of (redacted). <br>; | 03/10/2026 03/10 vm/XXXX On each copy of the 1003 in the loan package the Borrower answers "No"<br> to the following question Section 5a., B. If this is a Purchase Transaction: Do you have a family relationship or business affiliation with the seller of the property? The Borrower acknowledges the Seller is his neighbor but that doesn't mean there is a personal or business relationship and while the CU Score is just over 2.5 at 2.7 the CDA supports value. There isn't a definitive NAL relationship documented in the file - please clear the condition.<br> 02/20/2026 2/20 AD: Yes, they are neighbors. Are we looking to verify what is considered "Neighborly"? Please see the attached printout verifying that the houses are right next to each other. <br> 02/17/2026 2/17 AD: The letter from the borrower only verifies that he knows the seller due to it being his neighbor. I also "Know" my neighbor, would in the spirit of the guideline would not consider that a Non-Arms length transaction. If that was the case, then every person in a typical residential neighborhood would have to consider a purchase of a house on the same street as Non-Arms length. | 03/13/2026 Agree, (redacted) declaration answered no to having any familial or business relationship with the seller. The property listing confirms the seller was willing to divide the acreage and dwelling which explains the difference in the listing price. Borrower purchased the dwelling and only (redacted) acres of the (redacted) total (SEE APPR 0002). - 03/13/2026 Agree, 1003 declaration answered no to having any familial or business relationship with the seller. The property listing confirms the seller was willing to divide the acreage and dwelling which explains the difference in the listing price. Borrower purchased the dwelling and only XXXX acres of the 50 total (SEE APPR 0002). <br> 02/25/2026 Missing updated appraisal showing the non-arm's length transaction. Attached confirms borrower resides .2 miles from the subject property. Purchasing a property from a neighbor is considered non-arm's length because a personal relationship exists that may influence the terms of the sale; the listed price XXXX and the purchase price was XXXX.<br> 02/17/2026 LOE in file reflects, "The seller is my neighbor. That is how I know him". However, borrowers primary residence is XXXX, and sales contract indicates the seller was occupying the subject property as their primary residence. Relationship between the borrower and seller has not been fully disclosed as they do not appear to be neighbors.<br>Non-arm's length transactions are purchase transactions in which there is a relationship or business affiliation between the seller and the buyer of the property. | Approved C |
| 1032591 | XXXX | 1166564 | 02/17/2026 | Property | Appraisal is Incomplete | APPR 0002 | 1 | Closed | Offering price appears to be inaccurate, offering price (redacted) vs the actual sales price (redacted) and appraisal value (redacted). | 03/10/2026 | Verified reserves - (redacted) reserves exceed the minimum required of (redacted) exceeds the minimum by (redacted) months over the required minimum. <br>; Verified credit history - (redacted) Representative credit score exceeds the minimum required credit score of (redacted) by (redacted) Points. <br>; Verified housing payment history - 0x30 mortgage history for (redacted) months. <br>; Low DTI - DTI of (redacted) is (redacted) below maximum DTI of (redacted). <br>; | 03/05/2026 3/5 AD: Please see attached. Thank you.<br> 02/27/2026 2/27 AD: Please review the listing info I provided in the previous appeal. "I am selling approximately XXXX acres in XXXX appproximately 30 minutes from XXXX, 15 mins from XXXX, 10 mins from XXXX, If you want the small XXXX, I will sell it all for $XXXX. I would prefer to keep the small house and 1 acre and sell anywhere between 20-50 acres. If you want approximately XXXX acres, I will ask $XXXX. It was appraised a few years ago for close to $XXXX. It has XXXX beautiful rolling hills perfect for developing with XXXX acres of hardwoods". The seller was willing to sell the subject property along with the land in the listing. However, they only sold the subject property. The comparables are supported, with adjustments not even exceeding 14%. <br> 02/23/2026 2/23 AD: The appraiser states that the Contract Price is XXXX and the date of Contract is XX/XX/XXXX. The Appraiser verified the previous listing amount there. Please see the attached link verifying the information is true and correct:<br>XXXX<br>3/13/2025 Listed for sale<br> XXXX Source: XXXX as distributed by XXXX XXXX | 03/10/2026 Finding is cleared with the property listing showing the seller was willing to divide the acreage and dwelling which explains the difference in the listing price. Borrower purchased the dwelling and only (redacted) acres of the (redacted) total. - 03/10/2026 Finding is cleared with the property listing showing the seller was willing to divide the acreage and dwelling which explains the difference in the listing price. Borrower purchased the dwelling and only XXXX acres of the 50 total.<br> 03/04/2026 Please provide a copy of the listing info referenced for review.<br> 02/25/2026 Appraiser to address the listing price of XXXX being +339% greater than the appraisal value of XXXX. | Approved C |
| 1028302 | XXXX | 1164403 | 02/09/2026 | Credit | Back-end Ratio exception (DTI) | CRED 0004 | 1 | Closed | DTI of (redacted) exceeds lender calculated DTI of (redacted) by more than (redacted). Variance is due to omission of PITI on (redacted) primary residence (redacted). Mortgage statements and credit report confirm the borrower is responsible for the payment. DTI remains below (redacted) max allowed. | 02/25/2026 | Verified employment history - Both borrowers have been self employed (redacted) years.; | 02/20/2026 Final 1008 showing the departing primary residence with the full PITI factored in has now been uploaded. DTI is at 46%+ which is still under the 50% max allowed. | 02/25/2026 Finding is cleared with the attached updated UW Transmittal Summary, DTI (redacted), variance < (redacted) is non-material. - 02/25/2026 Finding is cleared with the attached updated UW Transmittal Summary, DTI 46.1215, variance < 3% is non-material. | Funded C A |
| 1028302 | XXXX | 1164764 | 02/10/2026 | Credit | LTV Exceeds Max Allowed | CRED 0010 | 2 | Acknowledged | The subject's (redacted) LTV exceeds the maximum for the loan amount of (redacted). Exception granted. |  | Verified employment history - Both borrowers have been self employed (redacted) years.; |  | Client: Investor Acknowledged Exception | Funded C B |
| 1028306 | XXXX | 1164561 | 02/10/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | GL exception approval page 661 for less than 1 year residency for non-perm Resident Alien, approved XX/XX/XXXX. Employment Visa page 169 valid from 12/16/2024-12/15/2029. |  | Verified reserves - 8 months of verified reserves when GL required 3.; |  | Client: Investor acknowledged exception | Funded C B |
| 1028306 | XXXX | 1164779 | 02/10/2026 | Credit | Gift Funds not Properly Verified | CRED 0018 | 1 | Closed | Missing evidence of the transfer of the XXXX gift from the donor to title. Only the gift letter is in the file (p152) | 02/14/2026 | Verified reserves - 8 months of verified reserves when GL required 3.; | 02/11/2026 gift wire | 02/14/2026 Copy of wire to the closing/settlement agent received. | Funded C A |
| 1028913 | XXXX | 1163663 | 02/06/2026 | Compliance | The Lender Credit and/or the Principal Reduction was not sufficient to overcome the total fee variance. | TRID 0205 | 2 | Acknowledged | Lender credit of (redacted)is insufficient to cure the increase of the Appraisal Management Fee of (redacted) on LE issued (redacted). COC for initial increase to fee does not describe a valid change event. COC issued (redacted) states the Appraisal Management Fee increased due to complexity. Appraisal Report Fee did not increase due to complexity and the report does not state any complexity issues. Change event warranting increase in Management fee is not documented in file. Fee increase of (redacted) remains out of tolerance.-- |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 02/13/2026 cure attached | 02/17/2026 EV2/B - Finding is downgraded with the attached PCCD, cover letter, refund check $25, and courier receipt to evidence cure package is in transit to borrower. | Funded C B |
| 1028913 | XXXX | 1167213 | 02/19/2026 | Credit | Missing Paystub(s) | CRED 0136 | 1 | Closed | Missing co-borrowers paystubs covering full (redacted) days, as required per guidelines, Loan file contains one paystub dated (redacted). Paystubs are needed to verify that the borrowers hours do not fluctuate on a week to week basis. | 02/24/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; | 02/20/2026 We require the most recent paystub reflecting 30 days of YTD earnings. We don't require 30 days of pay statements. | 02/24/2026 Agree, however paystub provided covers one week. Average hours per week could not be confirmed due to only one paystub provided and no verification of average hours per week from employer. Per (redacted), If the trend in the amount of income is stable or increasing, the income amount should be averaged. Review used YTD + Prior Year Average resulting in a DTI (redacted) < 9redacted) Max allowed. Seller can provide additional bank statements or WVOE to confirm average hours of (redacted)/week for income to be reevaluated for use of YTD. - 02/24/2026 Agree, however paystub provided covers one week. Average hours per week could not be confirmed due to only one paystub provided and no verification of average hours per week from employer. Per FNMA, If the trend in the amount of income is stable or increasing, the income amount should be averaged. Review used YTD + Prior Year Average resulting in a DTI 45.05% < 50% Max allowed. Seller can provide additional bank statements or WVOE to confirm average hours of 40/week for income to be reevaluated for use of YTD. | Funded C A |
| 1030026 | XXXX | 1164971 | 02/11/2026 | Credit | Number of Properties Owned by Borrower exceeds Guidelines | CRED 0023 | 2 | Acknowledged | The borrower owns (redacted) properties including the subject, guidelines limit properties to (redacted). Exception granted. |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; |  | 02/17/2026 EV2/B - Investor Acknowledged exception | Funded C B |
| 1030026 | XXXX | 1165059 | 02/11/2026 | Credit | Missing Lease Agreement and/or Not Executed | LEAS 0001 | 1 | Closed | Missing the Lease supporting (redacted) monthly rent for(redacted) as used by the lender as well as evidence of (redacted) months receipt. The only lease in the file is expired and reflects (redacted) monthly rent. | 02/24/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been self-employed for (redacted) years.; | 02/18/2026 LOE<br>02/12/2026 lease and deposits | 02/24/2026 Agree, per guidelines rental income from departure residence must be documented with copy of current lease, proof of receipt of deposit and 1st months rent and evidence rent is near market. New lease did not require a deposit. First months rent documented. Tenant rented (redacted) bedroom and (redacted) bathroom prior to signing new with an additional tenant added to rent the entire home. - 02/24/2026 Agree, per guidelines rental income from departure residence must be documented with copy of current lease, proof of receipt of deposit and 1st months rent and evidence rent is near market. New lease did not require a deposit. first months rent documented. Tenant rented 1 bedroom and 1 bathroom prior to signing new with an additional tenant added to rent the entire home. <br> 02/17/2026 Finding is partially cleared with the attached executed lease agreement. Attached transaction history only reflects 1 months rent from current tenants, XXXX and XXXX, on 12/4. Missing evidence of receipt of the November rent. Tenant has been occupying the property since 6/2023. | Funded C A |
| 1030232 | XXXX | 1164555 | 02/10/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | The DOT is missing the legal description. | 02/14/2026 | Low LTV/CLTV/HCLTV - Maximum LTV of 70% with review LTV of 42.31%. ; | 02/12/2026 1/12 SW- see attached | 02/14/2026 Copy of mortgage w/legal received. - 02/14/2026 Copy of mortgage w/legal received. | Funded C A |
| 1030458 | XXXX | 1164624 | 02/10/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | The Mortgage is missing the legal description. | 02/26/2026 | Low LTV/CLTV/HCLTV - Maximum CLTV of (redacted) with review CLTV of (redacted). ; Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).; | 02/23/2026 Recorded Security Instrument | 02/26/2026 Finding is cleared with the attached copy of the recorded mortgage, exhibit a included. - 02/26/2026 Finding is cleared with the attached copy of the recorded mortgage, exhibit a included. | Funded C A |
| 1031224 | XXXX | 1166193 | 02/16/2026 | Credit | Missing Schedule of Real Estate Owned | APP 0005 | 2 | Acknowledged | Final 1003 pg 306 section of REO indicates that the borrower does not own any REO. Borrower owns multiple REO with documented mortgages. 1003 should include all REO with mortgages matched. |  | Verified credit history - 759 fico w/a minimum requirement of 640.; Verified reserves - 102 mths reserves verified w/subject cash out proceeds.; |  | 02/16/2026 EV2/B Non-Material DSCR loan. | Funded C B |
| 1031342 | XXXX | 1164642 | 02/10/2026 | Credit | Title Issue affecting Lien Position | TITL 0003 | 1 | Closed | Missing a complete copy of the preliminary title and tax cert. Only page (redacted) provided. | 03/10/2026 | Verified reserves - Verified (redacted) for (redacted) months reserves - Minimum (redacted) months PITIA; Low LTV/CLTV/HCLTV - (redacted) LTV - Max (redacted) LTV; Verified credit history - (redacted) mid-score - Min (redacted) FICO; | 03/05/2026 Preliminary <br>02/19/2026 Title Prelim | 03/10/2026 Finding is cleared with the attached complete copy of the report dated (redacted). - 03/10/2026 Finding is cleared with the attached complete copy of the report dated 11/7/2025.<br>02/27/2026 Finding is partially cleared with the attached updated preliminary report. Missing is a complete copy of the report dated 11/7/2025. | Funded C A |
| 1031342 | XXXX | 1164671 | 02/10/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | Borrower does not own their primary residence. Per LOE she is currently living rent free. Investor Acknowledged Exception (redacted). |  | Verified reserves - Verified (redacted) for (redacted) months reserves - Minimum (redacted) months PITIA; Low LTV/CLTV/HCLTV - (redacted) LTV - Max (redacted) LTV; Verified credit history - (redacted) mid-score - Min (redacted) FICO; | 02/12/2026 XXXX approved exception on page 2 of file. Pre-closing exception approved on 1/15/26. Please waive/downgrade. Thank you! | 02/14/2026 EV2/B Investor Acknowledged Exception | Funded C B |
| 1031342 | XXXX | 1165213 | 02/11/2026 | Credit | Missing Business Purpose Attestation | CRED 0112 | 1 | Closed | Business Purpose and Occupancy Affidavit not provided in file. Missing LOX on cash-out refi to verify proceeds being used for a business purpose. | 02/27/2026 | Verified reserves - Verified (redacted) for (redacted) months reserves - Minimum (redacted) months PITIA; Low LTV/CLTV/HCLTV - (redacted) LTV - Max (redacted) LTV; Verified credit history - (redacted) mid-score - Min (redacted) FICO; | 02/19/2026 Business Purpose and Occupancy Affidavit | 02/27/2026 Investor accepts the Business Purpose and Occupancy Affidavit to satisfy the cash to close requirement. - 02/27/2026 Investor accepts the Business Purpose and Occupancy Affidavit to satisfy the cash to close requirement.<br>02/25/2026 Finding is partially cleared with the attached Business Purpose and Occupancy Affidavit. Still missing cash out letter. | Funded D A |
| 1032579 | XXXX | 1164281 | 02/09/2026 | Compliance | Missing Initial Loan Estimate | TRID 0170 | 1 | Closed | Initial Loan Estimate is not in file. The application date was (redacted), the only Loan Estimate in the file is dated (redacted). | 02/18/2026 | Disposable Income - The loan has residual income of (redacted) monthly. ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 02/16/2026 Initial LE | 02/18/2026 Finding is cleared with the attached initial LE. - 02/18/2026 Finding is cleared with the attached initial LE. | Funded C A |
| 1032579 | XXXX | 1164297 | 02/09/2026 | Compliance | List of Settlement Service Providers Sent Date > 3 Business Days from Application Date (Enterprise Rule) | TRID 0048 | 1 | Closed | Missing initial Service Provider List. The application date was (redacted), the only Service Provider List in the file is dated (redacted). | 02/18/2026 | Disposable Income - The loan has residual income of (redacted) monthly. ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 02/16/2026 SPL | 02/18/2026 Finding is cleared with the attached SPL issued at application. - 02/18/2026 Finding is cleared with the attached SPL issued at application. | Funded C A |
| 1032579 | XXXX | 1165065 | 02/11/2026 | Compliance | Loan disbursed prior to loan transaction date. | CRED 0121 | 1 | Closed | Missing PC CD for subject transaction (dry funding state). Loan transaction date is (redacted). CD signed at closing states a disbursement date of (redacted) and interest from date of (redacted). HUD (showing corrected costs details) in file states a disbursement date of (redacted) (post transaction) but states an interest from date of (redacted). | 02/18/2026 | Disposable Income - The loan has residual income of (redacted) monthly. ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 02/16/2026 CA PCCD | 02/18/2026 Finding is cleared with the attached final dry funding CD, transaction date (redacted) with disbursement on (redacted). - 02/18/2026 Finding is cleared with the attached final dry funding CD, transaction date XX/XX/XXXX with disbursement on XX/XX/XXXX. | Funded C A |
| 1032579 | XXXX | 1166818 | 02/18/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 2 | Acknowledged | Approved DTI (redacted) / Review DTI (redacted), variance > (redacted) appears to be due to lender including the balance on the open (redacted) day account in the monthly payments. Review excluded the payment as allowed per (redacted) and deducted the balance from the available assets. |  | Disposable Income - The loan has residual income of (redacted) monthly. ; Low DTI - Maximum DTI of (redacted) with review DTI of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; |  | 02/18/2026 EV2/B - Non-Material | Funded C B |
| 1032745 | XXXX | 1165443 | 02/12/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | Flip transaction: Large value increase in < 180 days between previous sale XX/XX/XXXX to current transaction sale price XXXX. Exception approved (P5) |  | Verified credit history - 789 fico w/a minimum requirement of 660.; Verified housing payment history - 33 mnths of mtg history verified 0x30. Guideline required 1x30 x12.; |  | Client: Investor Acknowledged Exception | Funded C B |
| 1032792 | XXXX | 1165294 | 02/12/2026 | Credit | Gift Funds not Properly Verified | CRED 0018 | 1 | Closed | Missing documentation to verify the closing agent's receipt of gift funds in the amount of (redacted) and (redacted). | 02/24/2026 | Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted).; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 02/18/2026 2/18 MM: Please see attached gift fund receipts | 02/24/2026 Finding is cleared with the attached wire notifications. - 02/24/2026 Finding is cleared with the attached wire notifications. | Funded C A |
| 1032792 | XXXX | 1165500 | 02/12/2026 | Credit | Asset Documentation is Insufficient | CRED 0083 | 1 | Closed | The file is missing evidence of the gift donors ability to provide funds, with (redacted) days sourcing and seasoning for all four donors. Per the guidelines, when using gift funds, Evidence of the donor's ability to provide funds, with (redacted) days' sourcing and seasoning; Evidence of transfer of funds such as cancelled check or evidence of wire transfer from donor to Borrower. Documentation must also include a bank statement or other evidence from the depository institution that receives the funds. (redacted), (redacted), (redacted), and (redacted). | 02/24/2026 | Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted).; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 02/18/2026 2/18 MM: Please see attached documents | 02/24/2026 Finding is cleared with the attached incoming wire notifications for gifts sent to title from donors. - 02/24/2026 Finding is cleared with the attached incoming wire notifications for gifts sent to title from donors. | Funded C A |
| 1032878 | XXXX | 1163808 | 02/06/2026 | Compliance | Final APR Outside Tolerance of .125 from APR 3 Business Days Prior to Closing | TRID 0206 | 2 | Acknowledged | APR per the Final CD (redacted) is (redacted). APR per Final CD is inaccurate when compared to the Initial CD dated (redacted) - at (redacted). A revised APR of (redacted) was disclosed to the borrower on Revised CD dated (redacted). The borrowers received the Revised CD on (redacted) - which was less than the (redacted) business days required per TRID regulation. --The APR on the CD a consumer receives at closing must be accurate when compared to the APR on the CD received at least (redacted) business days before closing and the actual APR. (redacted) |  | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; Low DTI - (redacted) DTI w/a max allowed of (redacted). <br>; | 02/18/2026 CT 2/18: Please see the attached, cooling off requirements met <br>02/18/2026 CT 2/18: Please see the attached, cooling off requirements met // CT 2/16: escalated to TF, check work // | 02/24/2026 Received a second CD issued on XX/XX/XXXX with a received date of XX/XX/XXXX and APR 9.798%, variance +1.825% > 0.125% tolerance from the APR disclosed on the other XX/XX/XXXX CD received XX/XX/XXXX with APR of 7.973%. -- 3 business day waiting period met from 1/21 to 1/23.<br>CD issued XX/XX/XXXX that was received on XX/XX/XXXX disclosed an APR of 9.312%, variance -0.486% > 0.125% tolerance from the APR disclosed on the XX/XX/XXXX CD that was received XX/XX/XXXX with APR of 9.798%. -- 3 business day waiting period not met from XX/XX/XXXX (Sunday Excluded), decreased APR is deemed to be a benefit to borrower thus downgraded to EV2/B.<br>02/24/2026 Received a second CD issued on XX/XX/XXXX with a received date of XX/XX/XXXX and APR 9.798%, variance +1.825% > 0.125% tolerance from the APR disclosed on the other XX/XX/XXXX CD received XX/XX/XXXX with APR of 7.973%. -- 3 business day waiting period met from XX/XX/XXXX.<br>CD issued XX/XX/XXXX that was received on XX/XX/XXXX disclosed an APR of 9.312%, variance -0.486% > 0.125% tolerance from the APR disclosed on the XX/XX/XXXX CD that was received XX/XX/XXXX with APR of 9.798%. -- 3 business day waiting period not met from XX/XX/XXXX (Sunday Excluded), decreased APR is deemed to be a benefit to borrower thus downgraded to EV2/B.<br>02/24/2026 Received a second CD issued onXX/XX/XXXX with a received date of XX/XX/XXXX and APR 9.798%, variance +1.825% > 0.125% tolerance from the APR disclosed on the other XX/XX/XXXX CD received XX/XX/XXXX with APR of 7.973%. -- 3 business day waiting period met from XX/XX/XXXX.<br>CD issued XX/XX/XXXX that was received on XX/XX/XXXX disclosed an APR of 9.312%, variance -0.486% > 0.125% tolerance from the APR disclosed on the XX/XX/XXXX CD that was received XX/XX/XXXX with APR of 9.798%. -- 3 business day waiting period not met from XX/XX/XXXX (Sunday Excluded), decreased APR is deemed to be a benefit to borrower thus downgraded to EV2/B. | Funded C B |
| 1032930 | XXXX | 1164390 | 02/09/2026 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 1 | Closed | Missing the seller CD or a copy of the final settlement statement reflect the buyer and seller fees. | 02/20/2026 | Verified credit history - 774 fico w/a minimum requirement of 680.; Verified reserves - 11+ mths verified reserves w/a minimum requirement of 6. <br>; | 02/17/2026 Seller CD | 02/20/2026 Finding is cleared with the attached copy of the sellers CD. - 02/20/2026 Finding is cleared with the attached copy of the sellers CD. | Funded C A |
| 1032930 | XXXX | 1165429 | 02/12/2026 | Credit | Missing Verification of Rental | CRED 0021 | 2 | Acknowledged | Missing VOR for XXXX. If VOR is completed by a private party, 10-12 of the last 12 months or the most recent 6 months of cancelled checks or bank statements must be obtained. |  | Verified credit history - 774 fico w/a minimum requirement of 680.; Verified reserves - 11+ mths verified reserves w/a minimum requirement of 6. <br>; | 02/17/2026 Seller rebuttal- We follow DU findings for qualifying when using AUS program, and DU did not require VOR. | 02/20/2026 EV2/B Investor Acknowledged Exception<br> 02/20/2026 Loan was approved under the Expanded Prime Core program, AUS for Qualifying options are Expanded Prime AUS and Non-Prime AUS with max LTV 80%. Per guidelines 5.5, For primary residence transactions, only the mortgage/rental history on the borrower's primary<br> residence is required... Mortgage/rental history for the primary and/or subject property must be current at time of application<br> and closing... Mortgage and rental payments that are required to be verified but not reflected on the original credit report must be documented via an institutional Verification of Rent or Verification of Mortgage (VOR/VOM). | Funded C B |
| 1033005 | XXXX | 1166233 | 02/16/2026 | Credit | Missing Schedule of Real Estate Owned | APP 0005 | 2 | Acknowledged | Final 1003 pg 25 section of REO indicates that the borrower does not own any REO. Borrower owns multiple REO with documented mortgages. 1003 should include all REO with mortgages matched |  | Verified reserves - 81 months of verified reserves when GL required 3.; Verified credit history - 771 fico w/a minimum requirement of 700.; |  | 02/16/2026 EV2/B Non-Material DSCR Loan. | Funded C B |
| 1033148 | XXXX | 1166134 | 02/16/2026 | Credit | Missing Payoff/Demand Statement | DMND 0003 | 1 | Closed | Missing final Payoff / Demand statement and/or final settlement statement to verify final payoff amount. Beneficiary's Demand statement (redacted) reflects a balance due of (redacted), Final CD dated (redacted) reflects payoff of (redacted). Amount on CD is insufficient per demand. | 02/20/2026 | Verified reserves - (redacted) months of verified reserves including the cash out when GL required (redacted).; Minimal outstanding debt - Credit report shows minimal outstanding debt owed with balances well under high credit limits on accounts outstanding.; | 02/19/2026 2/19 NR: Please note that the loan closed on 2/2, and the interest was good thru 02/05/2026 on the payoff statement. The borrower paid for 3 extra days of interest that is taken off ($156.33 per diem x 3 = $468.99.) $536150 - $468.99 = $535,681.01.) | 02/20/2026 Agree, payoff good thru (redacted) less (redacted) days interest matches amount paid at closing of (redacted). - 02/20/2026 Agree, payoff good thru 2/5 less 3 days interest matches amount paid at closing of $XXXX | Funded C A |
| 1033148 | XXXX | 1166147 | 02/16/2026 | Credit | Missing Schedule of Real Estate Owned | APP 0005 | 2 | Acknowledged | Final (redacted) reflects that the borrower does not own any other reo other than the subject. Missing corrected (redacted) disclosing all REO with mortgages matched: (redacted) |  | Verified reserves - (redacted) months of verified reserves including the cash out when GL required (redacted).; Minimal outstanding debt - Credit report shows minimal outstanding debt owed with balances well under high credit limits on accounts outstanding.; |  | Client: EV2/B Non-Material DSCR Loan | Funded C B |
| 1033516 | XXXX | 1164573 | 02/10/2026 | Compliance | Missing E-Sign Disclosure | TRID 0134 | 1 | Closed | Missing E-Sign Disclosure or Tracking Documents to verify when the borrower consented to receiving documents electronically. | 02/20/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; Verified employment history - Borrower has been self-employed with multiple businesses for (redacted) years.; Verified credit history - (redacted) fico w/a minimum requirement of(redacted).; | 02/16/2026 Econsent | 02/20/2026 Finding is cleared with the attached borrower accepted eDisclosure. - 02/20/2026 Finding is cleared with the attached borrower accepted eDisclosure. | Funded C A |
| 1028166 | XXXX | 1165604 | 02/13/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | Missing documentation to verify the disposition of the following REO on the fraud report and determine if borrower has had investment history w/in the past (redacted) years. Properties are not included on the (redacted) Schedule of REO: <br>1) (redacted) last recording (redacted). buyers noted as (redacted);<br>2) (redacted) last recording (redacted) buyer noted as (redacted).<br>Documentation is required to verify investor history. Borrower does not qualify for being a first time investor as the LTV/CLTV exceeds (redacted). |  | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified credit history - (redacted) fico w/a minimum requirement (redacted).; | 02/17/2026 Escalated: XXXX XXXX agreed to proceed with the price hit since it appears to be a Corp UW miss on our end. Please review and advise if this condition is cleared. <br> 02/13/2026 Please see attached and thank you! | 02/17/2026 EV2/B - Exception granted for DSCR < 1 with LTV > 70%. Guideline requires verification of housing history on primary and subject (if refinance), thus potential undisclosed REO would not have a material impact on the loan approved under the DSCR loan program.<br> 02/16/2026 Attached release of liens are insufficient to satisfy the finding, XXXX 1/17/2019 and 6/29/2022 (Lot 2, Block 5). -- Finding remains. Missing evidence borrower no longer has ownership of the following REO: XXXX and XXXX. Also missing evidence of prior property management experience. Borrower does not qualify for being a first time investor as the LTV/CLTV exceeds 70%. | Funded C B |
| 1028166 | XXXX | 1165607 | 02/13/2026 | Credit | Missing Sufficient Evidence of Insurance | INS 0001 | 1 | Closed | Missing evidence of (redacted) month rent loss coverage on insurance policy. | 02/16/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified credit history - (redacted) fico w/a minimum requirement (redacted).; | 02/13/2026 Please see attached. New HOI policy obtained post closing with rent loss insurance. Premium increased and, therefore, DSCR decreased to .98 with 80% LTV. XXXX has already approved an exception for the DSCR of .98 with 80% LTV. Please waive/downgrade upon review and thank you! | 02/16/2026 Finding is cleared with the attached EOI for new policy that includes rent loss coverage. - 02/16/2026 Finding is cleared with the attached EOI for new policy that includes rent loss coverage. | Funded C A |
| 1028166 | XXXX | 1165691 | 02/13/2026 | Credit | Entity Documentation is Insufficient | CRED 0143 | 1 | Closed | Missing required documents for Business Entity: <br>\* Operating Agreement or Articles of Incorporation/Organization<br>\* Tax Identification Number<br>\* Certificate of Good Standing<br>\* Single Member or Multiple Member Borrower Certification Form. | 02/16/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified credit history - (redacted) fico w/a minimum requirement (redacted).; | 02/13/2026 Please see attached and thank you! | 02/16/2026 Finding is cleared with the attached entity review approval, Certificate of Formation, EIN, COGS, and Operating Agreement. - 02/16/2026 Finding is cleared with the attached entity review approval, Certificate of Formation, EIN, COGS, and Operating Agreement. | Funded D A |
| 1028166 | XXXX | 1166203 | 02/16/2026 | Credit | LTV Exceeds Max Allowed | CRED 0010 | 1 | Closed | Missing investor acknowledgment for (redacted) LTV > (redacted) Max Allowed for Purchase with DSCR (redacted) and/or First Time Investor (NOTE: First Time Investor Required (redacted) DSCR Refer GIDE 0001). | 02/19/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified credit history - (redacted) fico w/a minimum requirement (redacted).; | 02/17/2026 Escalated: XXXX XXXX and Secondary Manager agreed to proceed with the price hit since it appears to be a Corp UW miss on our end. Please review and advise if this condition is cleared. | 02/19/2026 Refer INS 0001 - Updated policy received with lower premium increasing DTI to (redacted). - 02/19/2026 Refer INS 0001 - Updated policy received with lower premium increasing DTI to 1.0.<br>02/17/2026 EV2/B - Investor Acknowledged Exception | Funded C A |
| 1031171 | XXXX | 1165918 | 02/14/2026 | Property | Non-Warrantable Condominium | COND 0011 | 2 | Acknowledged | Condo project exception reflects condo project has (redacted) reserve allocation. With deductions, (redacted) reserve allocation. No reserve study to support allocation however there is over (redacted) million in reserves. Minor litigation issue for a slip/fall. Insurance is defending. Approved (redacted). Subject is non-warrantable as noted on exception approval form. GL page (redacted) states one non-warrantable is generally permitted. Projects with more than one non-warrantable attribute require a second level review. |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted) with (redacted) max.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been employed with same employer for (redacted) years.; |  | Client: Investor acknowledged exception | Funded C B |
| 1031171 | XXXX | 1166839 | 02/18/2026 | Credit | Missing Verification of Rental | CRED 0021 | 2 | Acknowledged | Missing complete (redacted) month rental payment history. Missing (redacted).<br>- VOR for current residence since (redacted)<br>- VOR for previous residence from (redacted)<br>- Rental payment history for (redacted) from (redacted)<br>- LOE states only one month paid, does not identify the month. |  | Low LTV/CLTV/HCLTV - Low LTV of (redacted) with (redacted) max.; Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified employment history - Borrower has been employed with same employer for (redacted) years.; | 02/19/2026 Borrower resided in owned property (XXXX) for 5 months 2/2025 – 7/2025 prior to renting out property | 02/23/2026 EV2/B Investor Acknowledged Exception with the following compensating factors noted: LTV/cltv greater than 10% below product maximum and borrower has 5+ years with employer. | Funded C B |
| 1031354 | XXXX | 1165889 | 02/14/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing legal description to mortgage. | 02/27/2026 | Verified reserves - (redacted) months of verified reserves using cash out when GL required (redacted).; | 02/26/2026 2/26 RF please see attached recorded mortgage with legal description, please clear thank you<br>02/23/2026 2/23 MM: Please see attached legal description | 02/27/2026 Finding is cleared with the attached copy of the recorded mortgage, exhibit a included. - 02/27/2026 Finding is cleared with the attached copy of the recorded mortgage, exhibit a included.<br>02/26/2026 Received Exhibit A from the title commitment. Missing is the legal description that was attached to the Mortgage. | Approved C |
| 1031354 | XXXX | 1167176 | 02/19/2026 | Credit | Unacceptable Mortgage History | CRED 0001 | 1 | Closed | Missing the (redacted) month mortgage payment history for (redacted) to verify no more than (redacted). The mortgage statement reflects the borrower's name (redacted), but it does not appear on the credit report. No payment history located in the file. Per guidelines, payment history for all properties regardless of occupancy is required. | 02/26/2026 | Verified reserves - (redacted) months of verified reserves using cash out when GL required (redacted).; | 02/23/2026 2/23 MM: Please see attached document that shows the home is in the borrowers LLC and shows the mortgage and shows mtg history. | 02/26/2026 Finding is cleared with the attached VOM. - 02/26/2026 Finding is cleared with the attached VOM. | Approved C |
| 1031412 | XXXX | 1167188 | 02/19/2026 | Credit | APN Number is not listed on Security Instrument | COLL 0001 | 2 | Acknowledged | The APN is not listed on the Mortgage p8. the full legal description is included and attached. |  | Verified reserves - 94 months of verified reserves when GL required 6.; |  | Client: EV2/B Non-Material | Funded C B |
| 1031836 | XXXX | 1165660 | 02/13/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing legal description to DOT. | 02/27/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage payments paid (redacted) since (redacted).; | 02/25/2026 please see attached doc JK 2.25 | 02/27/2026 Finding is cleared with the attached Security Deed, Exhibit A included. - 02/27/2026 Finding is cleared with the attached Security Deed, Exhibit A included. | Funded C A |
| 1032087 | XXXX | 1165019 | 02/11/2026 | Compliance | NMLS IDs do not match | NMLS 0011 | 1 | Closed | Name and NMLS for (redacted) on the Application does not match all other documents. Name/NMLS per Note, DOT, and CD (redacted). | 03/05/2026 |  | 2/17/2026 - The attached NMLS search confirms that the original (redacted) left the lending institution (redacted), which was prior to the loan closing. -- Note, DOT, and CD disclosed (redacted) as the (redacted), however he was no longer employed by the lending institution at time of closing. | 03/05/2026 Finding is cleared with the attached LOE explaining the NMLS change from the initial app. - 03/05/2026 Finding is cleared with the attached LOE explaining the NMLS change from the initial app.<br> 02/24/2026 The NMLS ID on documents must match the person responsible for the loan at the time the document is issued. The attached NMLS search confirms that the original loan officer left the lending institution (XXXX) on 1/7/2026, which was prior to the loan closing. NMLS search for the loan officer that took over the loan confirms that they were employed with the lending institution until 2/2026, which is up to or after closing. | Funded C A |
| 1032492 | XXXX | 1166313 | 02/17/2026 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | The file is missing the (redacted) YTD P&L for B1 from (redacted). | 02/25/2026 | Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 02/20/2026 Please see response from team. | 02/25/2026 Loan was approved under the (redacted) Program, thus no P&L required unless the lender chooses to obtain one. - 02/25/2026 Loan was approved under the DU Program, thus no P&L required unless the lender chooses to obtain one. | Approved C |
| 1032492 | XXXX | 1166314 | 02/17/2026 | Credit | Asset Documentation is Insufficient | CRED 0083 | 1 | Closed | The signed final (redacted) lists Proceeds From Secured Loan of (redacted). The file is missing documentation to verify the loan terms for the (redacted). | 03/19/2026 | Disposable Income - The required residual income is (redacted) and the loan has residual income of (redacted) monthly. ; Verified reserves - Required (redacted) months of reserves with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 03/16/2026 Hello, Per team they asked me to push back. "the request was proof that the life Ins cash value was liquidated and we provided that. Provide us where its written in the DU Non QM we need to provide now a XXXX statement when we have proof that it was deposited into XXXX Account and we have proof funds to close to title company came from XXXX account. The amount of Insurance cash value liquidated was XXXX and we only needed XXXX to cover funds to close. The XXXX account was only used for pass through and again we have proof from title funds to close of XXXX came from XXXXs account. <br> 03/10/2026 borrower pulled out XXXX dollars<br> 03/04/2026 se attached <br> Jan 26 and Jan 30<br> 02/20/2026 Please see response from team. | 03/19/2026 Finding is cleared. (redacted) life insurance loan reflects interest payable in advance, thus indicating no impact to qualifying. Payments on a loan secured by the cash value of a borrowers life insurance policy do not have to be considered in the total debt-to-income ratio. (redacted) life insurance distribution was credited to (redacted)and subsequently transferred to (redacted). Wire transmittal confirms source of funds to close from (redacted).<br> - 03/19/2026 Finding is cleared. XXXX loan reflects interest payable in advance, thus indicating no impact to qualifying. Payments on a loan secured by the cash value of a borrowers life insurance policy do not have to be considered in the total debt-to-income ratio.XXXX distribution was credited to XXXX on 1/26 and subsequently transferred to XXXX. Wire transmittal confirms source of funds to close from XXXX.<br>03/17/2026 Evidence of liquidation from the XXXX account has not been provided. <br> --<br> --<br> Per FNMA, If the funds are needed for the down payment or closing costs, lenders must document the borrower's receipt of the funds from the insurance company by obtaining either a copy of the check from the insurer or a copy of the payout statement issued by the insurer. If the cash-value of the life insurance is being used for reserves, the cash-value must be documented but does not need to be liquidated and received by the borrower.<br> 03/13/2026 Missing updated XXXX bank statement showing balance sufficient to cover cash to close. Updated statement should show all transaction history with updated balance. Also missing XXXX asset statements to source funds for closing, as per the attached.<br> 03/09/2026 Updated transaction history, XXXX, is insufficient to satisfy the finding. Cash to Close XXXX was wired from the borrowers XXXX account (pg 593), but the wire exceeds the XXXX account balances on 12/31. Missing updated XXXX bank statement showing sufficient funds to cover cash to close and sourcing additional funds that were used for closing.<br> 02/25/2026 Partially agree, missing documented cash to close to verify the source was not from the XXXX policy. Per FNMA, If the funds are needed for the down payment or closing costs, lenders must document the borrower's receipt of the funds from the insurance company by obtaining either a copy of the check from the insurer or a copy of the payout statement issued by the insurer. If the cash-value of the life insurance is being used for reserves, the cash-value must be documented but does not need to be liquidated and received by the borrower. | Approved C |
| 1032499 | XXXX | 1166234 | 02/16/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 1 | Closed | Missing self-employment income information on final (redacted) for (redacted). Lender qualified (redacted) on (redacted) ownership of (redacted) and this business is owned (redacted) between (redacted) and (redacted) per the (redacted) letter pg (redacted). | 03/13/2026 | Verified employment history - Borrowers have been self-employed in same business for (redacted) years.; | 03/10/2026 Updated 1003 | 03/13/2026 Finding is cleared with the attached revised (redacted). Income didn't change, thus the revision is considered non-material as it was updated to match the documentation in file so borrower signature not required. - 03/13/2026 Finding is cleared with the attached revised 1003. Income didn't change, thus the revision is considered non-material as it was updated to match the documentation in file so borrower signature not required. | Approved C |
| 1032499 | XXXX | 1166861 | 02/18/2026 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing statements for (redacted) for the months of (redacted). File contains two copies of those same months in (redacted) which it appears the lender used per the worksheet pages (redacted). Review final DTI is pending receipt of missing statements. | 03/13/2026 | Verified employment history - Borrowers have been self-employed in same business for (redacted) years.; | 03/10/2026 Updated Documents<br>02/24/2026 Hello, Per team program is switched to 12 months. Could we have this re-reviewed as a 12 months for bank statements. | 03/13/2026 Finding is cleared with the attached income calculator. Lender changed program from (redacted) to (redacted) months. - 03/13/2026 Finding is cleared with the attached income calculator. Lender changed program from 24 to 12 months.<br>02/27/2026 Please provide updated bank statement analysis covering most recent 12 months and updated 1008/1003 reflecting updated income. | Approved C |
| 1032784 | XXXX | 1166321 | 02/17/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 1 | Closed | Missing Business Purpose and Occupancy Affidavit. | 03/10/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted) months.; Verified housing payment history - (redacted) months of verified mortgage payments paid (redacted) since (redacted).; | 03/05/2026 Page 1 and 2 of the BPC<br>02/19/2026 Business Purpose and Occupancy Affidavit. | 03/10/2026 Finding is cleared with the attached Business Purpose and Occupancy Affidavit. - 03/10/2026 Finding is cleared with the attached Business Purpose and Occupancy Affidavit.<br>02/25/2026 The attached Business Purpose and Occupancy Affidavit was not fully completed; missing loan number, borrower names, and property address. | Funded C A |
| 1032820 | XXXX | 1165403 | 02/12/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Legal Description is not attached to or contained within Mortgage. | 02/25/2026 | Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 02/19/2026 2/19 RF please see attached legal description, please clear thank you | 02/25/2026 Finding is cleared with the attached legal description. - 02/25/2026 Finding is cleared with the attached legal description. | Funded C A |
| 1032820 | XXXX | 1166876 | 02/18/2026 | Compliance | HPML Appraisal Requirements are Not Met | APPR 0044 | 2 | Acknowledged | The appraiser did not include an executed certification stating the appraisal was prepared in accordance with USPAP and Title XI of FIRREA and any implementing regulations, as required for HPML loans. |  | Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 02/20/2026 02/20/2026 - XXXX: Please see attached. | 02/25/2026 EV2/B Non-Material | Funded C B |
| 1032859 | XXXX | 1166323 | 02/17/2026 | Credit | Missing Verification of Rental | CRED 0021 | 1 | Closed | The file is missing a full (redacted) month payment history of rent for the borrowers departing residence. The file included bank statements (redacted) confirming rent paid (redacted). The file included the borrowers leases (redacted) confirming the borrowers rented from (redacted). Per the guidelines, If the Borrower previously paid rent for their residence, then the Borrower's rental housing payment history for the most recent (redacted) months is required. <br>| 03/03/2026 | Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; | 02/25/2026 2/25 MM: Please see attached copy of the June payment. Since the lease was up on Aug 8th there was only 8 days required so two payments were made in July.. <br> 02/19/2026 2/19 MM: The borrower did provide 12 months of rental payments from the Chase bank statement ending in XXXX | 03/03/2026 Finding is cleared with the attached statement documenting the (redacted) payment on (redacted) (redacted). Review confirmed two payments remitted in (redacted). - 03/03/2026 Finding is cleared with the attached statement documenting the June payment on 5/30 (XXXX 6//5/2025). Review confirmed two payments remitted in July (pg 321).<br> 02/23/2026 Re-reviewed. Loan file is missing evidence of 6/2025 and 8/2025 payments,XXXX $2449. | Funded C A |
| 1032859 | XXXX | 1166354 | 02/17/2026 | Credit | Minimum required cash investment for transaction not made | CRED 0046 | 2 | Acknowledged | The borrowers did not meet their minimum investment requirement of (redacted) or (redacted) (guideline (redacted)). The final CD (pg (redacted)) confirms the borrowers were required to bring (redacted) to closing, plus paid outside of closing (redacted) appraisal fee and (redacted) credit report fee. Additionally, the borrowers paid (redacted) of EMD (redacted) for a total of (redacted) investment. |  | Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; |  | 03/03/2026 EV2/B - Investor Acknowledged Exception, primary residence. | Funded C B |
| 1032962 | XXXX | 1166446 | 02/17/2026 | Credit | Gift Funds not Properly Verified | CRED 0018 | 1 | Closed | Missing evidence of the transfer of gift funds from (redacted) in the amount of (redacted), (redacted) in the amount of (redacted) and from (redacted) in the amount of (redacted) to title. The assets are documented per (redacted) which requires a gift letter and cd reflecting the gift (in file) and receipt of the donors checks or wire receipts (missing). <br>| 02/23/2026 | Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; | 02/19/2026 Gift letters, Cashiers check and CD attached | 02/23/2026 Finding is cleared with the attached gift letters, copies of cashiers checks to title, and CD to evidence receipt of gift funds. | Funded C A |
| 1033050 | XXXX | 1167493 | 02/20/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing Legal Description attachment to the Mortgage/DOT (p553) | 03/05/2026 | Verified housing payment history - 8 open mortgages with up to 80 mths verified 0x30. Guideline required 1x30x12.; Verified credit history - 711 fico w/a minimum requirement of 680.; Verified reserves - 31 mths reserves w/a minimum requirement of 6.; | 03/03/2026 3/3 RF please see attached | 03/05/2026 Copy of Mortgage provided inclusive of Legal Description. Finding resolved. | Funded C A |
| 1033315 | XXXX | 1165712 | 02/13/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing Legal Description to Mortgage. | 02/23/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - Low DTI of (redacted) with GL max of (redacted).; | 02/19/2026 DOT w/ legal | 02/23/2026 Finding is cleared with the attached copy of the DOT containing the legal description. - 02/23/2026 Finding is cleared with the attached copy of the DOT containing the legal description. | Funded C A |
| 1033315 | XXXX | 1166851 | 02/18/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval, only the (redacted) is in the file. | 02/23/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - Low DTI of (redacted) with GL max of (redacted).; | 02/19/2026 loan approval | 02/23/2026 Finding is cleared with the attached underwriting decision. - 02/23/2026 Finding is cleared with the attached underwriting decision. | Funded C A |
| 1033315 | XXXX | 1166862 | 02/18/2026 | Credit | Minimum required cash investment for transaction not made | CRED 0046 | 1 | Closed | Per guidelines, if the borrower does not have a (redacted) month housing payment history, (redacted) of the funds for the transaction must come from the borrower. The borrower has previously lived rent free. After gift funds, the borrower is bringing (redacted) to close (including earnest money), which is (redacted) of the sales price. | 02/23/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - Low DTI of (redacted) with GL max of (redacted).; | 02/20/2026 Please see approval for the product. See page 9 of the guidelines, non-qm core non-prime AUS. See pages 127 and 128 of the guidelines, no minimum borrower contribution required- partial snip attached | 02/23/2026 Underwiring decision reflects loan program, (redacted). Per guidelines (redacted), Follow (redacted) except: Owner or Second home, no minimum borrower contribution required. May be all gift; Investment properties: no gifts allowed. Must be all borrower's own funds. - 02/23/2026 Underwiring decision reflects loan program, XXXX Non-QM Core Inc Qual Non-Prime AUS 30 Year Fixed. Per guidelines 14.1, Follow FNMA/FHLMC except: Owner or Second home, no minimum borrower contribution required. May be all gift; Investment properties: no gifts allowed. Must be all borrower's own funds. | Funded C A |
| 1034246 | XXXX | 1166749 | 02/18/2026 | Property | Missing Required Second Appraisal | APPR 0004 | 1 | Closed | Missing (redacted) completed by (redacted). Only (redacted) completed by (redacted) provided for review. | 02/27/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - Low DTI of (redacted) < (redacted) Max.; | 02/24/2026 2nd appraisal | 02/27/2026 Finding is cleared with the attached copy of the second appraisal. - 02/27/2026 Finding is cleared with the attached copy of the second appraisal. | Funded C A |
| 1034246 | XXXX | 1166753 | 02/18/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | (redacted) LTV exception - (redacted) LTVCLTV when GL max is (redacted). Lender Exception approval pg (redacted). |  | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - Low DTI of (redacted) < (redacted) Max.; |  | Client: Lender Acknowledged Exception | Funded C B |
| 1034246 | XXXX | 1168056 | 02/23/2026 | Credit | Underwriting Loan Approval is Deficient | APRV 0010 | 1 | Closed | Missing (redacted). | 02/27/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Low DTI - Low DTI of (redacted) < (redacted) Max.; | 02/24/2026 1008 | 02/27/2026 Finding is cleared with the attached copy of the (redacted). - 02/27/2026 Finding is cleared with the attached copy of the 1008. | Funded C A |
| 1034252 | XXXX | 1166579 | 02/17/2026 | Compliance | Sales Price on HUD-1 does not agree with Purchase Contract | HUD 0014 | 1 | Closed | Missing addendum to the sales contract to verify final purchase price of (redacted). The purchase agreement (redacted) reflects a purchase price of (redacted). | 02/25/2026 | Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Low LTV/CLTV/HCLTV - (redacted) LTV w/a minimum requirement of (redacted). <br>; | 02/19/2026 addendum | 02/25/2026 Finding is cleared with the attached counteroffer addendum. - 02/25/2026 Finding is cleared with the attached counteroffer addendum. | Funded C A |
| 1034252 | XXXX | 1166702 | 02/18/2026 | Credit | Income Calculation Discrepancy | CRED 0084 | 1 | Closed | Unable to validate lenders asset utilization calculation of (redacted). Review calculated (redacted). Based on the most current (redacted) statement ending in the month of (redacted) the total available assets based on the allowed percentages is (redacted). Review DTI based on the lessor calculation is (redacted). (Max allowed per the guidelines (redacted).) Due to variance a corrected (redacted) is required. | 03/10/2026 | Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Low LTV/CLTV/HCLTV - (redacted) LTV w/a minimum requirement of (redacted). <br>; | 03/05/2026 Updated 1008/1003<br> 02/26/2026 Hello, Per team "Our balances are the same except they're not factoring XXXX which had a balance of $XXXX. We have account history in assets bucket ranging from Oct 2025 – 01/06/26. "<br> 02/20/2026 Hello, Could you provide your breakdown so our team can look into it and compared. they asked if you could provide, <br> • All assets used (Account name, acct # and amount) <br> • All percentage use used for each amount and dollar amount. <br> • Dollar amount used for Funds to Close | 03/10/2026 Finding is cleared with the attached revised (redacted). Revision is considered non-material as DTI remains < (redacted), thus borrower signature is not required. - 03/10/2026 Finding is cleared with the attached revised 1008/1003. Revision is considered non-material as DTI remains < 50%, thus borrower signature is not required.<br> 03/04/2026 After including XXXX account balance less cash to close and reserves the income increased to $9,294.15. Provide revised 1008 to satisfy the finding.<br> XXXX | Funded C A |
| 1034252 | XXXX | 1166703 | 02/18/2026 | Credit | Missing Lease Agreement and/or Not Executed | LEAS 0001 | 1 | Closed | Missing the (redacted) to verify monthly rental income of (redacted) for the borrowers departing residence (redacted). The file included a letter of explanation (redacted) indicating the borrowers intent to rent. Per the guidelines, when no lease is available, a market rent is required and (redacted) of market rent can be used for qualifying. (DTI with the rental income excluded is (redacted)) <br>| 02/25/2026 | Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Low LTV/CLTV/HCLTV - (redacted) LTV w/a minimum requirement of (redacted). <br>; | 02/20/2026 1007 | 02/25/2026 Finding is cleared with the attached SF Comparable Rent Schedule. - 02/25/2026 Finding is cleared with the attached SF Comparable Rent Schedule. | Funded C A |
| 1031414 | XXXX | 1165787 | 02/13/2026 | Compliance | Cannot Reconcile LE / CD Versioning | TRID 0137 | 1 | Closed | Missing copy of the interim LE and COC issued and received by the borrowers on XX/XX/XXXX as per Tracking Documents (Page 80, 81). | 03/09/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/04/2026 LE and COC | 03/09/2026 Finding is cleared with the attached interim LE, 1/7. | Funded C A |
| 1031414 | XXXX | 1165788 | 02/13/2026 | Compliance | Missing LE due to Rate Lock | TRID 0159 | 1 | Closed | COC issued XX/XX/XXXX states rate was locked. No corresponding LE issued for this disclosure. Tracking Documents do not show a disclosure issued around this date. (Page 77, 215) | 03/09/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/04/2026 LE and COC | 03/09/2026 Finding is cleared with the attached interim LE and corresponding COC, 1/7. Note that the COC in file shows a print date of 1/7. Disclosure tracking shows the no other interim LEs. | Funded C A |
| 1031414 | XXXX | 1165790 | 02/13/2026 | Compliance | Mortgage/Deed of Trust is Incomplete | DEED 0049 | 1 | Closed | Missing complete Mortgage/DOT: File only contains page 1 of the Mortgage on p.15. Pages 16-42 are for a different borrower. (Mortgages in file p.546 to 573 are not for this loan) | 03/12/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/10/2026 Mortgage<br>03/04/2026 Mortgage | 03/12/2026 Completed copy of Mortgage for subject property provided. Finding cleared.<br>03/09/2026 Attached Mortgage is not for subject transaction. | Funded C A |
| 1031414 | XXXX | 1165793 | 02/13/2026 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 1 | Closed | ABD and FACTS disclosures are not in file. (Lender ABD in other files show an affiliate used for Appraisal MS and Flood Cert fees) | 03/12/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/10/2026 Affiliated Business Disclosure<br>03/04/2026 FACTS disclosures | 03/12/2026 Affiliated Business Disclosure provided. Finding cleared.<br>03/09/2026 Attached FACTS disclosure confirms affiliates were used for the subject transaction. Missing Affiliated Business Disclosure. | Funded C A |
| 1031414 | XXXX | 1165794 | 02/13/2026 | Compliance | Homeownership Counseling Disclosure does not contain minimum required 10 counselors | RESPA 0030 | 1 | Closed | Copy of Homeownership Counseling Disclosure is not in file to verify number of counselors included. (Used Tracking Page 78 for date disclosure was sent) | 03/09/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/04/2026 Homeownership Counseling Disclosure | 03/09/2026 Finding is cleared with the attached homeownership counseling organization list. | Funded C A |
| 1031414 | XXXX | 1165805 | 02/13/2026 | Compliance | Missing evidence of the Seller Closing Disclosure | TRID 0193 | 1 | Closed | Seller CD is not in file. (Seller CD Pg 70 and HUD pg 73 is for a different transaction) | 03/09/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/04/2026 Sellers CD | 03/09/2026 Finding is cleared with the attached copy of the sellers CD. | Funded C A |
| 1031414 | XXXX | 1165806 | 02/13/2026 | Compliance | Flood Notice Was Not Provided to Applicant(s) | FLOOD 0001 | 1 | Closed | Missing Flood Notices in borrower name. (Flood notices in file are not for this transaction) | 03/09/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/04/2026 Flood Notice | 03/09/2026 Finding is cleared with the attached flood notice. | Funded B A |
| 1031414 | XXXX | 1165808 | 02/13/2026 | Compliance | Missing lender letter providing option for an active property in flood zone the option to escrow the flood premiums | FLOOD 0006 | 1 | Closed | Missing lender letter for property in flood zone. | 03/09/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/04/2026 Flood Certificate | 03/09/2026 Finding is cleared with the attached flood notice. | Funded C A |
| 1031414 | XXXX | 1165813 | 02/13/2026 | Compliance | Initial CD Received Date is < 3 business days prior to Consummation Date | TRID 0008 | 1 | Closed | Missing the initial CD issued XX/XX/XXXX and any subsequent issued CDs with applicable COCs. Only the CD issued XX/XX/XXXX was provided for review.<br> The Initial Closing Disclosure Received Date of (XX/XX/XXXX) is not three business days before the consummation date of (XX/XX/XXXX). Three business days before the consummation date is (XX/XX/XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) | 03/09/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/04/2026 Initial CD | 03/09/2026 Finding is cleared with the attached copy of the initial CD. | Funded C A |
| 1031414 | XXXX | 1168379 | 02/24/2026 | Credit | Missing Underwriter Loan Approval | APRV 0001 | 1 | Closed | Missing DU Approval in file. Approval (Page 426) and 1008 (Page 429) reflect Expanded Guideline FIX 30 DU NQM IO - XXXX, however, Lock (Page 544) reflects XXXX_Platinum-Near-Prime 30yr Fixed IO_30Year_45Days. | 03/09/2026 | Low LTV/CLTV/HCLTV - 54.17%LTV ; Verified reserves - 32 mths reserves ; Verified credit history - 797 fico ; Verified housing payment history - 44 mths of mtg history verified 0x30. ; | 03/04/2026 DU | 03/09/2026 Finding is cleared with the attached AUS submission. | Funded D A |
| 1032551 | XXXX | 1166737 | 02/18/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | The file is missing the purchase CD or First Payment Letter for properties on the final REO (redacted) and (redacted) to confirm a payment history is not required. The final (redacted) indicate the REO are newly acquired loans. <br>| 03/04/2026 | Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Verified housing payment history - (redacted) mths of mtg history verified (redacted). Guidelines required (redacted). <br>; Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted).; | 02/26/2026 02/26/26 - KJ: Please see attached. | 03/04/2026 Finding is cleared with the attached copies of the Notes and CDs for non-subject REO. - 03/04/2026 Finding is cleared with the attached copies of the Notes and CDs for non-subject REO. | Funded C A |
| 1032571 | XXXX | 1167387 | 02/20/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval and 1008. Only the lock is available in the file (p364) | 02/23/2026 | Low LTV/CLTV/HCLTV - 64.837% LTV w/a minimum requirement of 70%. <br>; Verified credit history - 765 Fico w/minimum requirement of 700. <br>; Verified housing payment history - 0x30 mortgage history for 114 months. <br>; | 02/20/2026 ATTACHED | 02/23/2026 Finding is cleared with the attached conditional loan approval and 1008.<br>- 02/23/2026 Finding is cleared with the attached conditional loan approval and 1008. | Funded C A |
| 1032571 | XXXX | 1167395 | 02/20/2026 | Credit | Condo Documentation is Insufficient | COND 0002 | 2 | Acknowledged | Missing condo questionnaire, required per guidelines for both limited and full condo reviews. The file includes the FNMA CPM printout, but not a current condo questionnaire. |  | Low LTV/CLTV/HCLTV - 64.837% LTV w/a minimum requirement of 70%. <br>; Verified credit history - 765 Fico w/minimum requirement of 700. <br>; Verified housing payment history - 0x30 mortgage history for 114 months. <br>; | 02/24/2026 exception attached<br>02/23/2026 LOE attached | 03/02/2026 EV2/B Investor Approved Exception<br> 02/27/2026 Escalated to investor for review.<br> 02/23/2026 Guidelines do not state that a CPM can be accepted in lieu of obtaining project documentation. -- Per guidelines 9.4 - All others must undergo a full review. The following documentation must be provided for condo submissions:<br> Condo questionnaire (either short form or full form depending on the review being completed)<br> Master insurance certificate including all required coverages-See Insurance<br> Current Budget (when utilizing a full review)<br> Recorded declarations/CC&R's and by-laws (when project does not meet established criteria)<br> Other documentation as required by underwriting to complete project review | Funded C B |
| 1032701 | XXXX | 1165930 | 02/14/2026 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 1 | Closed | No Affiliated Business Disclosure located in file. No FACTS Sheet available to determine if lender has affiliates. | 03/04/2026 | Low DTI - Maximum DTI of (redacted) with review DTI of (redacted). ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 02/27/2026 Broker confirmed there's no affiliation<br>02/23/2026 Why is this being requested? | 03/04/2026 TPR set in error. Facts disclosure in file confirms lender does not have any affiliated business relationships to disclose. - 03/04/2026 TPR set in error. Facts disclosure in file confirms lender does not have any affiliated business relationships to disclose.<br>02/26/2026 Affiliated Business Disclosure is required. A lender attestation can be accepted if the lender has no affiliated business relationships to disclose. | Funded C A |
| 1032701 | XXXX | 1167095 | 02/19/2026 | Property | Appraisal Discrepancy | APPR 0076 | 2 | Acknowledged | Subject is in a PUD as confirmed by the preliminary title report (redacted). The appraisal (redacted) is not marked a PUD and there is no PUD information provided. The Mortgage (redacted) includes a PUD Rider (redacted).<br>|  | Low DTI - Maximum DTI of (redacted) with review DTI of (redacted). ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 03/05/2026 attached<br>02/26/2026 appraisal updated | 03/12/2026 EV2/B - HOA fee documented with post-consummation dated lender cert. <br>03/11/2026 Recd revised 1003/1008 and lender cert. Missing revised appraisal showing the HOA liability.<br>03/04/2026 Attached revised appraisal has the PUD indicator marked, but the HOA fee was not provided. | Funded C B |
| 1032701 | XXXX | 1167416 | 02/20/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval and (redacted). Only the lender's lock confirmation is in the file (redacted). | 02/26/2026 | Low DTI - Maximum DTI of (redacted) with review DTI of (redacted). ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 02/23/2026 attached | 02/26/2026 Finding is cleared with the attached Conditional Loan Approval. - 02/26/2026 Finding is cleared with the attached Conditional Loan Approval. | Funded C A |
| 1032701 | XXXX | 1167431 | 02/20/2026 | Credit | HOA Payment is not verified | CRED 0133 | 2 | Acknowledged | Missing verification of the (redacted) HOA dues used by the lender (redacted). The appraisal does not include PUD information (see APPR 0076) and no alternative documentation in the file to verify the HOA dues. |  | Low DTI - Maximum DTI of (redacted) with review DTI of (redacted). ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 03/05/2026 attached | 03/12/2026 EV2/B - Finding is downgraded with post-consummation dated lender cert confirming HOA Fee of $48. The borrower was qualified with a $40 HOA Fee, variance is non-material.<br>03/11/2026 EV2/B - Recd revised 1003/1008 and lender cert with updated HOA fee of $48. Missing source of the qualifying HOA payment of $40 that was considered in qualifying pre-consummation. | Funded C B |
| 1032701 | XXXX | 1167437 | 02/20/2026 | Property | Health and Safety Issue | PROP 0005 | 1 | Closed | The appraisal photo of the water heater (redacted) does not appear to be double strapped as required in (redacted). The appraisal has no comment that it is double strapped, and was completed as-is without conditions. | 03/04/2026 | Low DTI - Maximum DTI of (redacted) with review DTI of (redacted). ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 02/26/2026 The appraiser does make comments about the water the heater being double strapped on page 1 of the addendum (page 14 of the report). | 03/04/2026 Review confirmed appraiser noted, water heater is double-strapped to code. - 03/04/2026 Review confirmed appraiser noted, water heater is double-strapped to code. | Funded C A |
| 1032890 | XXXX | 1166982 | 02/19/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | The file is missing the mortgage statement for XXXX - XXXX to confirm the payment includes escrows or evidence of the taxes, insurance and HOA if applicable.  | 03/03/2026 | Low LTV/CLTV/HCLTV - 62% LTV w/a minimum requirement of 70%. <br>; Verified credit history - 788 Fico w/minimum requirement of 620. <br>; Verified housing payment history - 0x30 mortgage history for 112 months. <br>; | 02/25/2026 REO Documents attached. | 03/03/2026 Finding is cleared with the attached mortgage statement, evidence of insurance, HOA statement, and property tax billing statement. | Approved C |
| 1032890 | XXXX | 1166990 | 02/19/2026 | Credit | VVOE dated outside of required timeframe | CRED 0072 | 1 | Closed | Missing VVOE from XXXX for B1 dated w/in 10 business days of the Note date XX/XX/XXXX. Most current verification in file pg 531 is dated XX/XX/XXXX. | 03/14/2026 | Low LTV/CLTV/HCLTV - 62% LTV w/a minimum requirement of 70%. <br>; Verified credit history - 788 Fico w/minimum requirement of 620. <br>; Verified housing payment history - 0x30 mortgage history for 112 months. <br>; | 03/13/2026 In lieu of a VOE, borrower provided her paystub from 2/2/2026 indicating employment, 10 days prior to closing. Please advise if this is acceptable. | 03/14/2026 Pay stub provided for period ending 01/31/26 advice date 02/02/26 is sufficient with note date of XX/XX/XXXX. Finding cleared. | Approved C |
| 1032900 | XXXX | 1166014 | 02/15/2026 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 2 | Acknowledged | No Affiliated Business Disclosure located in file. FACTS sheet acknowledges lender has affiliates. |  | Verified reserves - 13 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self-employed for 27 years.; Low DTI - Low DTI of 14.18%.; | 03/02/2026 Affiliates | 03/05/2026 Attestation provided listing no affiliates in transaction. | Funded C B |
| 1032900 | XXXX | 1167035 | 02/19/2026 | Credit | Condo Documentation is Insufficient | COND 0002 | 2 | Acknowledged | Missing Condo Questionnaire and supporting documents. Only the lender Condo/PUD warranty with FNMA project approval provided. |  | Verified reserves - 13 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self-employed for 27 years.; Low DTI - Low DTI of 14.18%.; | 03/03/2026 FNMA PERS approval in the file, HOA Is not a required document. Seller reps and warrants cover project eligibility. | 03/11/2026 EV/B Investor Acknowledged Exception to accept FNMA project approval in lieu of the complete questionnaire and supporting documents.<br>03/06/2026 Per guidelines, Fannie Mae form 1076 or equivalent project questionnaire required on all reviews, except: <br>Detached condo units, and<br>2-4 Unit project | Funded C B |
| 1032946 | XXXX | 1168535 | 02/24/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing the attachment with the legal description from the DOT (redacted) | 02/27/2026 |  | 02/26/2026 2/26 SW- see attached | 02/27/2026 Finding is cleared with the attached copy of the Mortgage, Exhibit A included. - 02/27/2026 Finding is cleared with the attached copy of the Mortgage, Exhibit A included. | Funded C A |
| 1033093 | XXXX | 1168521 | 02/24/2026 | Credit | Discrepancy between 1003 and documentation stated and/or verified in file | APP 0006 | 2 | Acknowledged | Final 1003 pg 1 borrower information does not reflect the employer address or the years in field of work. |  | Verified employment history - Time with employer is 29 years.; |  | 02/25/2026 EV2/B Non-Material | Funded C B |
| 1032124 | XXXX | 1167371 | 02/20/2026 | Credit | Missing work visa for non-permanent resident alien. | CRED 0123 | 1 | Closed | The file is missing evidence of the borrowers residency. The file included a letter of explanation (redacted) confirming the borrower was issued work authorization and a (redacted). The patriot form (redacted) reflects (redacted) was documented. The file is missing a copy of the borrowers (redacted). | 03/05/2026 | Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Low DTI - DTI of (redacted) w/a maximum allowed DTI of (redacted). <br>; | 02/27/2026 Permanent resident card | 03/05/2026 Finding is cleared with the attached copy of the unexpired (redacted) card. - 03/05/2026 Finding is cleared with the attached copy of the unexpired permanent resident card. | Funded C A |
| 1032124 | XXXX | 1168529 | 02/24/2026 | Credit | Discrepancy between 1003 and documentation stated and/or verified in file | APP 0006 | 1 | Closed | (redacted) reflects the borrower to be a (redacted). Per borrower LOE (redacted) she is (redacted) with a (redacted). Missing corrected (redacted) reflecting correct residency status. | 03/05/2026 | Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Low DTI - DTI of (redacted) w/a maximum allowed DTI of (redacted). <br>; | 02/27/2026 1003 | 03/05/2026 Attached revised (redacted) is accepted in support of the borrower LOE in file and copy of the unexpired (redacted) card (CRED 0123). (redacted) was revised to match the documentation in file, thus considered non-material. - 03/05/2026 Attached revised 1003 is accepted in support of the borrower LOE in file and copy of the unexpired permanent resident card (CRED 0123). 1003 was revised to match the documentation in file, thus considered non-material. | Funded C A |
| 1032768 | XXXX | 1168503 | 02/24/2026 | Credit | Gift Funds not Properly Verified | CRED 0018 | 1 | Closed | Missing evidence of the transfer of the $XXX gift. The receipt does not include an image of the check. | 03/14/2026 |  | 03/12/2026 3/12 MM: Please see attached document <br>03/05/2026 3/5 MM: Please see the attached gift receipt that shows that the funds were sent to the title company prior to the loan settling <br>02/27/2026 2/27 MM: According to the guidelines the title company/settlement agent is able to provide the wire receipt, cashier's check, bank certified check, or electronic transfer receipt reflecting that funds are coming from the donor. A copy of the check is not required. | 03/14/2026 Copy of cashiers check to the settlement agent received. - 03/14/2026 Copy of cashiers check to the settlement agent received.<br>03/10/2026 Attached receipt for funds shows the EMD as being received in the form of a check. Missing is a copy of the check.<br>03/04/2026 Guidelines defer to FNMA, acceptable documentation includes the following:<br>...<br>a copy of the donor's check to the closing agent, or<br>a settlement statement showing receipt of the donor's check.<br>When the funds are not transferred prior to settlement, the lender must document that the donor gave the closing agent the gift funds in the form of an electronic transfer, certified check, a cashier's check, or other official check.<br>--Finding remains. Settlement statement reflects cash deposit of $33,600, not a gift. Copy of the gift check is required. | Funded C A |
| 1033354 | XXXX | 1168509 | 02/24/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing the attachment to the DOT with the legal description (redacted) | 02/27/2026 | Verified credit history - FICO (redacted), minimum required (redacted)700; Verified reserves - (redacted) months reserves required, (redacted) months reserves received from cash out.; | 02/26/2026 DOT | 02/27/2026 Finding is cleared with the attached copy of the mortgage, exhibit a included. - 02/27/2026 Finding is cleared with the attached copy of the mortgage, exhibit a included. | Funded C A |
| 1030475 | XXXX | 1166827 | 02/18/2026 | Compliance | Missing PUD Rider | DEED 0007 | 2 | Acknowledged | Per Tape Data and Appraisal, property type is PUD - Detached. Missing PUD Rider attached to Mortgage. (redacted) |  | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 03/04/2026 Uploaded corrected Mortgage with PUD rider and LOX. | 03/05/2026 Finding is downgraded with the attached Deed of Trust containing a PUD Rider with letter of intent to re-record. | Approved C B |
| 1030475 | XXXX | 1166835 | 02/18/2026 | Compliance | "Consumer Handbook on Adjustable Rate Mortgages" Not Provided | COMP 0037 | 1 | Closed | Evidence of receipt of the XXXX Booklet Disclosure is not in file. No electronic disclosure tracking in the file. | 03/05/2026 | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 02/27/2026 Uploaded evidence XXXX Booklet was provided. Thank you | 03/05/2026 Finding is cleared with the attached disclosure tracking evidencing the XXXX Booklet was sent to borrowers 12/19. - 03/05/2026 Finding is cleared with the attached disclosure tracking evidencing the XXXX Booklet was sent to borrowers 12/19. | Approved C |
| 1030475 | XXXX | 1166837 | 02/18/2026 | Compliance | Missing Home Loan Toolkit | TRID 0133 | 1 | Closed | Evidence of receipt of Your Home Loan Toolkit is not in file. No electronic disclosure tracking in the file. | 03/05/2026 | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 02/27/2026 Uploaded evidence Home Loan Toolkit was provided. Thank you | 03/05/2026 Finding is cleared with the attached disclosure tracking evidencing the HLTK was sent to borrowers (redacted). - 03/05/2026 Finding is cleared with the attached disclosure tracking evidencing the HLTK was sent to borrowers 12/19. | Approved C |
| 1030475 | XXXX | 1166844 | 02/18/2026 | Compliance | Estimated Total Minimum/Maximum Payment Amount does not match the Disclosed Closing Disclosure Projected Payments Table (12 CFR 1026.37(b)(3)) | TRID 0092 | 2 | Acknowledged | Loan transaction has an interest only period of (redacted) years. The final column of the projected payments section of the CD for years (redacted) does not indicate only interest when it should as year (redacted) will be included in IO period. (redacted) |  | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 03/09/2026 Uploaded cover letter.<br>03/03/2026 Uploaded PCCD. | 03/12/2026 EV2/B - Recd PCCD and cover letter refer to TRID 0204. US Mailbox rule applied.<br>03/05/2026 Finding can be downgraded upon receipt of the the cover letter addressed to borrower explaining the reason for re-disclosure. | Approved C B |
| 1030475 | XXXX | 1167460 | 02/20/2026 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing Asset Utilization income worksheet by lender to verify "other" income of (redacted)/month (redacted), review calculated (redacted). | 03/12/2026 | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 03/11/2026 Uploaded rebuttal and 1008. Thank you | 03/12/2026 Agree, finding is cleared. Borrower was qualified using IRA distributions documented with two years tax returns. - 03/12/2026 Agree, finding is cleared. Borrower was qualified using IRA distributions documented with two years tax returns. | Approved C |
| 1030475 | XXXX | 1167476 | 02/20/2026 | Credit | Back-end Ratio exception (DTI) | CRED 0004 | 1 | Closed | (redacted) DTI variance: (redacted) DTI QC review due to asset utilization calculation (review (redacted) vs. lender (redacted)) and variance in QUAL rate on subject mortgage ((redacted) vs (redacted)). (redacted) and Lock (redacted). Max (redacted) DTI. Missing corrected (redacted) and (redacted). | 03/16/2026 | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 03/13/2026 See attached | 03/16/2026 Borrower was qualified using retirement income documented with two years tax returns. DTI < (redacted) variance including IRA distribution income. - 03/16/2026 Borrower was qualified using retirement income documented with two years tax returns. DTI < 3% variance including IRA distribution income. | Approved C |
| 1030475 | XXXX | 1168650 | 02/25/2026 | Credit | Missing Bank Statement(s) | CR 0012 | 1 | Closed | (redacted) month seasoning required for all assets used for asset utilization. Missing full (redacted) months for <br>(redacted) | 03/16/2026 | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 03/13/2026 See attached from UW | 03/16/2026 TPR set in error. Retirement income was documented with two years tax returns. - 03/16/2026 TPR set in error. Retirement income was documented with two years tax returns. | Approved C |
| 1030475 | XXXX | 1168656 | 02/25/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval, only the (redacted) is in the file. | 03/12/2026 | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 03/09/2026 Uploaded Underwriter approval. | 03/12/2026 Finding is cleared with the attached underwriting decision. - 03/12/2026 Finding is cleared with the attached underwriting decision. | Approved C |
| 1030475 | XXXX | 1168672 | 02/25/2026 | Credit | Credit Report is Incomplete | CR 0002 | 2 | Acknowledged | Missing updated credit report with (redacted) unfrozen (redacted) for both borrowers, credit reports may not reflect freezes per guidelines. |  | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; |  | 03/09/2026 EV2/B - Investor Acknowledged Exception | Approved C B |
| 1030475 | XXXX | 1170363 | 03/05/2026 | Compliance | Estimated Property Costs over Year 1 Are Not Accurate | TRID 0204 | 2 | Acknowledged | NEW Based on TRID 0092 - Lender disclosed Estimated Taxes, Insurance & Assessments of (redacted) with estimated property costs over (redacted) year of (redacted) ((redacted) mths). The actual Estimated Taxes, Insurance & Assessments were (redacted) per month. Estimated property costs over (redacted) year should have been (redacted). Variance appears to be in the HOA Fees. Per the (redacted) the lender used (redacted), actual amount verified (redacted).<br>|  | Low LTV/CLTV/HCLTV - (redacted) CLTV - Max (redacted) CLTV; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 03/11/2026 Uploaded PCCD. | 03/17/2026 EV2/B - PCCD and cover letter received. US Mailbox Rule to be applied. | Approved C B |
| 1032914 | XXXX | 1167055 | 02/19/2026 | Credit | Missing Evidence of Verified Property Tax and / or Homeowners Insurance Information | CRED 0103 | 2 | Acknowledged | Missing final insurance policy with a premium of (redacted). Hazard Insurance Costs disclosed on CD and IEAD of (redacted) annually and (redacted) monthly do not match Hazard Insurance Costs disclosed on Proof of Insurance in the amount of (redacted) annually and (redacted) monthly. (redacted) |  |  | 03/10/2026 TF 3/10 Please see attached Letter of Explanation, Post-Closed Closing Disclosure, Proof of Delivery. <br>03/03/2026 3/3 AD: The premium of $1,854 is correct. Please see the attached HOI premium and CD verifying as such. | 03/13/2026 EV2/B - Finding is downgraded with the attached PCCD, cover letter, and courier tracking receipt to evidence delivery to borrower was completed within 60 days of consummation.<br>03/04/2026 Finding can be downgraded upon receipt of the cover letter to borrower addressing the reason for re-disclosure. | Approved C B |
| 1032914 | XXXX | 1167057 | 02/19/2026 | Compliance | Missing Evidence of Re-disclosure and a valid COC for an increase in the "Cannot Increase Category" fee(s) from the prior disclosed Loan Estimate/Closing Disclosure | TRID 0195 | 1 | Closed | Missing COC or General Credit for increase in Loan Discount Fee on CD issued (redacted). | 03/04/2026 |  | 02/26/2026 LI 2/26 On 1/28 there was a relock on the file that caused pricing to increase. On wholesale loans lock actions are acceptable changes and circumstance. A Closing Disclosure went out to the Borrower on the same day. Final Cost to the Borrower of 0.460% or $1,265.00. Please see attached lock confirmation and Closing Disclosure. | 03/04/2026 Finding is cleared with the attached lock confirmation. - 03/04/2026 Finding is cleared with the attached lock confirmation. | Approved C |
| 1032914 | XXXX | 1170249 | 03/04/2026 | Compliance | Missing Evidence of Re-disclosure and a valid COC for an increase in the "Cannot Increase Category" fee(s) from the prior disclosed Loan Estimate/Closing Disclosure. | TRID 0119 | 1 | Closed | <br> The following fee(s) increased from the amount(s) disclosed on the Closing Disclosure sent on XX/XX/XXXX: Loan Discount. The fees in the Cannot Increase category cannot increase unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). | 03/04/2026 |  |  | Duplicate of 0195 | Approved C |
| 1032416 | XXXX | 1168194 | 02/24/2026 | Credit | Discrepancy between 1003 and documentation stated and/or verified in file | APP 0006 | 2 | Acknowledged | The signed final (redacted) is missing liabilities to match the credit report. |  | Low LTV/CLTV/HCLTV - (redacted) LTV. Maximum (redacted) LTV/CLTV.; Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified housing payment history - (redacted) mths of mtg history verified (redacted). Guidelines required (redacted).; |  | 03/10/2026 EV2/B Non-material correction to final 1003. | Funded C B |
| 1032416 | XXXX | 1169336 | 02/27/2026 | Credit | Missing Copy of Quit Claim Deed | QCD 0001 | 1 | Closed | Missing Quit Claim Deed: Title commitment in name of (redacted). Loan closed in (redacted). | 03/10/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV. Maximum (redacted) LTV/CLTV.; Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified housing payment history - (redacted) mths of mtg history verified (redacted). Guidelines required (redacted).; | 03/04/2026 3/4 MM: Please see attached document | 03/10/2026 Finding is cleared with the attached quit claim deed transferring title to borrower in (redacted). - 03/10/2026 Finding is cleared with the attached quit claim deed transferring title to borrower in 2011. | Funded C A |
| 1032818 | XXXX | 1169002 | 02/26/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval, only the (redacted) is in the file. | 02/27/2026 | Verified reserves - (redacted) months of verified reserves when GL required (redacted).; Verified housing payment history - (redacted) months of verified mortgage history paid (redacted) since (redacted).; | 02/26/2026 Approval | 02/27/2026 Finding is cleared with the attached UW Approval. - 02/27/2026 Finding is cleared with the attached UW Approval. | Funded C A |
| 1028432 | XXXX | 1167422 | 02/20/2026 | Compliance | Fair Market Value Disclosure not provided or executed by Title Holders or Lender | TXEQ 0011 | 1 | Closed | Fair Market Value Disclosure was not executed by the Lender. | 02/26/2026 | Verified employment history - Borrower has been self-employed for (redacted) years.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; | 02/23/2026 FMV signed | 02/26/2026 Finding is cleared with the attached acknowledgment of fair market value. - 02/26/2026 Finding is cleared with the attached acknowledgment of fair market value. | Funded C A |
| 1028432 | XXXX | 1167424 | 02/20/2026 | Compliance | Missing Evidence of Re-disclosure and a valid COC for the total amount of the Closing Disclosure 10% Category fees ($) that increased by more than 10% from the amount disclosed on the prior Loan Estimate or Closing Disclosure. | TRID 0124 | 2 | Acknowledged | Missing COC for increase in Recording Fees on the final CD issued (redacted). |  | Verified employment history - Borrower has been self-employed for (redacted) years.; Verified occupancy in subject property - Borrower has occupied the subject property for (redacted) years.; | 02/23/2026 Cure | 02/26/2026 EV2/B - Finding is downgraded with the attached copies of the PCCD, cover letter, refund check $21.30, and courier receipt to evidence delivery to borrower was completed within 60 days of discovery. | Funded C B |
| 1031456 | XXXX | 1169117 | 02/26/2026 | Credit | Missing Tax Transcript(s) | CRED 0091 | 1 | Closed | Missing wage and income transcripts as required per guidelines, to support (redacted) and (redacted) in the file. | 03/17/2026 | Verified reserves - Required (redacted) months of reserves for the pending sale departure home with verified assets of (redacted) months.&nbsp;&nbsp;&nbsp;&nbsp; ; Verified credit history - Required FICO of (redacted) with actual FICO of (redacted).&nbsp;&nbsp;&nbsp;&nbsp; ; | 03/16/2026 Tax transcipt | 03/17/2026 EV2/B - Finding is cleared with the attached tax transcripts obtained post-consummation. - 03/17/2026 EV2/B - Finding is cleared with the attached tax transcripts obtained post-consummation. | Approved C |
| 1033424 | XXXX | 1168474 | 02/24/2026 | Credit | Credit Score (FICO) exception | CRED 0003 | 2 | Acknowledged | 641 fico does not meet the minimum requirement of 660 per the XXXX Expanded guidelines. Lender acknowledged exception in file. |  | Low LTV/CLTV/HCLTV - 64.71% LTV/CLTV w/a max allowed of 70%.; |  | 03/02/2026 EV2/B Lender Acknowledged Exception | Funded C B |
| 1033424 | XXXX | 1168475 | 02/24/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | Loan amount of $XXXX exceeds the max allowed of $XXXX. Lender acknowledged exception in file. |  | Low LTV/CLTV/HCLTV - 64.71% LTV/CLTV w/a max allowed of 70%.; |  | 03/02/2026 EV2/B Lender Acknowledged Exception | Funded C B |
| 1034303 | XXXX | 1169321 | 02/27/2026 | Compliance | Missing Final HUD-1 | HUD 0001 | 1 | Closed | Missing the final CD signed at closing on XX/XX/XXXX. Only the initial CD signed XX/XX/XXXX is in the file. | 03/03/2026 | Verified reserves - 26 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self-employed for 6+ years.; Low DTI - Low DTI of 12.27% w/a max allowed of 50%.; | 02/27/2026 Attached is the final signed CD to resolve this finding. | 03/03/2026 Final CD executed 02/13/26 received. - 03/03/2026 Final CD executed 02/13/26 received. | Funded D A |
| 1034303 | XXXX | 1169324 | 02/27/2026 | Credit | Unacceptable transaction type | CRED 0044 | 2 | Acknowledged | The property was listed for sale in the last 6 months per the appraisal. Per guidelines, properties listed for sale in the past 6 months are ineligible for refinances. |  | Verified reserves - 26 months of verified reserves when GL required 3.; Verified employment history - Borrower has been self-employed for 6+ years.; Low DTI - Low DTI of 12.27% w/a max allowed of 50%.; |  | 03/03/2026 EV2/B Investor Acknowledged Exception | Funded C B |
| 1032545 | XXXX | 1168892 | 02/26/2026 | Credit | Missing Certificate of Occupancy | PROP 0012 | 1 | Closed | The file is missing the certificate of occupancy, the property is new constructions. The closing instructions (redacted), requires a certificate of occupancy or equivalent. | 03/10/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV w/a minimum requirement of (redacted). <br>; Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 03/04/2026 3/4 MM: Please see attached document | 03/10/2026 Finding is cleared with the attached final building inspection, passed. - 03/10/2026 Finding is cleared with the attached final building inspection, passed. | Funded C A |
| 1032545 | XXXX | 1169350 | 02/27/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Missing attachment to the Mortgage with the legal description (redacted). | 03/05/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV w/a minimum requirement of (redacted). <br>; Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 03/02/2026 TF 3/2 Please see attached | 03/05/2026 Recorded Mortgage inclusive of legal description provided. Finding cleared. - 03/05/2026 Recorded Mortgage inclusive of legal description provided. Finding cleared. | Funded C A |
| 1032545 | XXXX | 1169355 | 02/27/2026 | Credit | Missing Evidence of Verified Property Tax and / or Homeowners Insurance Information | CRED 0103 | 1 | Closed | Missing evidence of property taxes/property tax rate. The only documentation in the file addressing taxes is a (redacted) conversation (redacted), which does not match the tax amount used by the lender. | 03/10/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV w/a minimum requirement of (redacted). <br>; Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Verified housing payment history - (redacted) mortgage history for (redacted) months. <br>; | 03/04/2026 3/4 MM: According to the IF guidance on New Construction loans <br> For qualification purposes, taxes are calculated as the lower of the actual tax rate or one and a half percent (1.5%) of the appraised value.<br>$XXXX | 03/10/2026 Per guidelines, taxes are calculated at (redacted) of the appraised value OR using the documented tax rate for the property. Lender qualified the borrower using (redacted) x value. - 03/10/2026 Per guidelines, taxes are calculated at 1.5% of the appraised value OR using the documented tax rate for the property. Lender qualified the borrower using 1.5% x value. | Funded C A |
| 1032648 | XXXX | 1168586 | 02/25/2026 | Compliance | Initial CD Received Date is < 3 business days prior to Consummation Date | TRID 0008 | 1 | Closed | The file is missing business bank statement from (redacted) for the months of (redacted) and (redacted) for the months of (redacted). Final income calculation pending complete income documentation. | 03/10/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV w/a minimum requirement of (redacted).; None - (redacted) Fico w/minimum requirement of (redacted).; Verified housing payment history - (redacted) mortgage history for (redacted) months.; | 03/05/2026 Initial CD | 03/10/2026 Finding is cleared with the attached copy of the initial CD. | Funded C A |
| 1032648 | XXXX | 1169001 | 02/26/2026 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Initial CD is not in file, only the closing CD and post closing CD. Tracking states initial CD was issued (redacted). -- | 03/10/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV w/a minimum requirement of (redacted).; None - (redacted) Fico w/minimum requirement of (redacted).; Verified housing payment history - (redacted) mortgage history for (redacted) months.; | 03/05/2026 Missing Bank statements | 03/10/2026 Finding is cleared with the attached bank statements. | Funded C A |
| 1032648 | XXXX | 1169793 | 03/03/2026 | Compliance | Missing Affiliated Business Disclosure | COMP 0010 | 2 | Acknowledged | No Affiliated Business Disclosure located in file. FACTS sheet (redacted) acknowledges lender has affiliates. |  | Low LTV/CLTV/HCLTV - (redacted) LTV w/a minimum requirement of (redacted).; None - (redacted) Fico w/minimum requirement of (redacted).; Verified housing payment history - (redacted) mortgage history for (redacted) months.; | 03/05/2026 Affiliates | 03/10/2026 EV2/B - Lender confirms no affiliates were used for the transaction, thus no ABD required. | Funded C B |
| 1033420 | XXXX | 1169357 | 02/27/2026 | Credit | Missing evidence of Hazard Insurance | HAZ 0005 | 1 | Closed | Missing Evidence of HOI with coverage and premium. (Estimate provided (redacted).) | 03/16/2026 | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified housing payment history - (redacted) mths of mtg history verified (redacted). Guideline requirement (redacted).; | 03/11/2026 03/11/26 - KJ: Please see the attached invoice confirming the policy ending x1125 had been paid in full as of 12/25/25. The invoice also confirms the annual policy premium of $1,685.00<br>03/05/2026 03/05/26 - KJ: Please see attached. | 03/16/2026 Finding is cleared with the attached paid receipt. - 03/16/2026 Finding is cleared with the attached paid receipt.<br>03/09/2026 Attached EOI does not show the annual premium. Also missing is paid receipt. The CD does not show the premium being paid at closing. | Approved D |
| 1033420 | XXXX | 1169658 | 03/02/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 1 | Closed | Missing executed Business Purpose and Occupancy Affidavit and Occupancy Certification. | 03/16/2026 | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Verified housing payment history - (redacted) mths of mtg history verified (redacted). Guideline requirement (redacted).; | 03/13/2026 CT 3/13: Please see the attached // <br>03/03/2026 CT 3/3: Please see the attached // | 03/16/2026 Finding is cleared with the attached Loan Quality Initiative Disclosure certifying that the subject property will be occupied as an investment. - 03/16/2026 Finding is cleared with the attached Loan Quality Initiative Disclosure certifying that the subject property will be occupied as an investment. <br>03/09/2026 Finding is partially cleared with the attached Business Purpose and Occupancy Affidavit. Still missing occupancy certification. Both forms are required per guidelines, all borrower(s) must execute the Business Purpose & Occupancy Affidavit, and Occupancy Certification. | Approved C |
| 1034281 | XXXX | 1168721 | 02/25/2026 | Compliance | Appraisal Dated prior to Intent to Proceed Date | TRID 0192 | 1 | Closed | Appraisal dated XX/XX/XXXX, prior to application date of XX/XX/XXXX and Intent to Proceed date of XX/XX/XXXX. (Page 42, 1, 30). Appraisal was paid outside of closing per the CD, fees cannot be incurred prior to the intent to proceed. | 03/13/2026 | Verified credit history - 807 Fico w/minimum requirement of 680. <br>; Verified housing payment history - 0x30 mortgage history for 62 months. <br>; | 03/10/2026 This file was initialy orignated under LN#001722682 with the same subject address in which the appraisal was order with the intent to proceed signed for this loan # and per our compliance department we had to cancel the file and originate LN#001736451 in which we used the appraisal since it is for the same property. Please see attached <br>03/03/2026 See attached | 03/13/2026 Finding is cleared. Appraisal was ordered for a previous transaction that had to be cancelled and new application processed. Appraisal loan number matches to prior application. <br>03/09/2026 Missing appraisal paid receipt to evidence borrower was not charged prior to the intent to proceed. | Approved C |
| 1034281 | XXXX | 1169885 | 03/03/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing lender approval, only the 1008 is provided. | 03/09/2026 | Verified credit history - 807 Fico w/minimum requirement of 680. <br>; Verified housing payment history - 0x30 mortgage history for 62 months. <br>; | 03/03/2026 See attached | 03/09/2026 Finding is cleared with the attached ATR underwriting worksheet and AUS submission. | Approved C |
| 1034281 | XXXX | 1169900 | 03/03/2026 | Credit | Missing Tax Transcript(s) | CRED 0091 | 1 | Closed | Missing wage and income transcripts as required per guidelines to support W2s. | 03/20/2026 | Verified credit history - 807 Fico w/minimum requirement of 680. <br>; Verified housing payment history - 0x30 mortgage history for 62 months. <br>; | 03/20/2026 See attached <br>03/13/2026 2025 isn't due to April 2026 please revisit this<br>03/11/2026 See attached | 03/20/2026 2025 Wage and Income transcript received.<br>03/14/2026 the 2025 1040 transcript is not required. The 2025 Wage & Income Transcript is required. Missing is 2025 Wage & Income transcript showing no record of return filed.<br>03/13/2026 Finding is partially cleared with the attached 2024 transcript. Missing is 2025 transcript showing no record of return filed. | Approved C |
| 1034397 | XXXX | 1168755 | 02/25/2026 | Compliance | Missing Home Loan Toolkit | TRID 0133 | 1 | Closed | Missing evidence of delivery for the Home Loan Toolkit disclosure. | 03/10/2026 | Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; Low DTI - (redacted) DTI w/a max allowed of (redacted).; Verified housing payment history - Prior mortgage verified (redacted).; | 03/09/2026 Please see date stamp on top to provide proof borrower received<br>03/03/2026 Please see attached initial disclosures sent to borrower including tool kit | 03/10/2026 Finding is cleared with the attached HLTK timestamped the same date as the borrower received the other initial disclosures. Initial disclosure package previously provided confirms the HLTK was included in the package. - 03/10/2026 Finding is cleared with the attached HLTK timestamped the same date as the borrower received the other initial disclosures. Initial disclosure package previously provided confirms the HLTK was included in the package.<br>03/09/2026 Missing disclosure tracking evidencing delivery of the HLTK to borrower. Disclosure tracking for the initial disclosure package is not in file. | Funded C A |
| 1033075 | XXXX | 1170043 | 03/04/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 1 | Closed | Missing certification of business purpose for DSCR. | 03/10/2026 | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; | 03/05/2026 LI 3/5 Please see attached disclosure | 03/10/2026 Finding is cleared with the attached Business Purpose and Occupancy Affidavit. - 03/10/2026 Finding is cleared with the attached Business Purpose and Occupancy Affidavit. | Funded C A |
| 1033115 | XXXX | 1169945 | 03/03/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final (redacted) does not include borrower liabilities as reflected on credit report. Final (redacted) liabilities should include all liabilities. |  | Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted).; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Low LTV/CLTV/HCLTV - (redacted) LTV. Max (redacted) LTV.; |  | 03/03/2026 EV2/B Non-material corrections to 1003. | Funded C B |
| 1033115 | XXXX | 1169949 | 03/03/2026 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing Business Purpose and Occupancy Affidavit for a DSCR loan. | 03/09/2026 | Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted).; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Low LTV/CLTV/HCLTV - (redacted) LTV. Max (redacted) LTV.; | 03/04/2026 TF 3/4 Please see attached | 03/09/2026 Finding is cleared with the attached Business Purpose and Occupancy Affidavit. - 03/09/2026 Finding is cleared with the attached Business Purpose and Occupancy Affidavit. | Funded C A |
| 1029998 | XXXX | 1169849 | 03/03/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final 1003 pg xx section of REO indicates that the borrower does not own any REO and liabilities section 2c. does not have any liabilities. Borrower owns multiple REO with documented mortgages and credit report reflects liabilities. 1003 should include all REO with mortgages matched and all active liabilities. |  | Verified credit history - 749 Fico w/a minimum requirement of 680. <br>; Verified housing payment history - 90 mths mtg history verified 0x30. Guideline required ; |  | 03/03/2026 EV2/B - Non-material corrections to 1003. | Funded C B |
| 1030003 | XXXX | 1169869 | 03/03/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final 1003 pg xx section of REO indicates that the borrower does not own any REO and liabilities section 2c. does not have any liabilities. Borrower owns multiple REO with documented mortgages and credit report reflects liabilities. 1003 should include all REO with mortgages matched and all active liabilities. |  | Verified credit history - 749 Fico w/minimum requirement of 680. <br>; Verified housing payment history - 90 mths mtg history verified 0x30. Guideline required 1x30x12. <br>; |  | 03/03/2026 EV2/B - Non-material corrections to 1003. | Funded C B |
| 1034288 | XXXX | 1169253 | 02/27/2026 | Compliance | Fair Market Value Disclosure not provided or executed by Title Holders or Lender | TXEQ 0011 | 1 | Closed | (redacted) Fair Market Disclosure is not executed by the Lender. (redacted) | 03/05/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted), up to (redacted) acceptable.; Verified employment history - Borrower has been self-employed for (redacted) years.; | 03/05/2026 TX Fair Market Value disclosure, signed. | Executed fair market value disclosure provided. Finding resolved. - 03/05/2026 Executed fair market value disclosure provided. Finding resolved. | Approved C |
| 1034288 | XXXX | 1169256 | 02/27/2026 | Compliance | Texas 50(a)(6) Loan Fees Exceed the Permissible Fee Limitation. | TXEQ 0023 | 1 | Closed | (redacted) Equity Fees of (redacted) exceed the (redacted) limit for (redacted) Equity Fees by (redacted). Lender compliance report is not in file. Discount Point disclosure does not state any amount to be excluded as bona fide. (redacted) | 03/05/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted), up to (redacted) acceptable.; Verified employment history - Borrower has been self-employed for (redacted) years.; | 03/05/2026 See compliance ease report. We are passing points & fees. | 03/05/2026 Bona fide discount points supported reducing points & fees calculation. Finding resolved. - 03/05/2026 Bona fide discount points supported reducing points & fees calculation. Finding resolved. | Approved C |
| 1034288 | XXXX | 1169280 | 02/27/2026 | Compliance | Appraisal Dated prior to Intent to Proceed Date | TRID 0192 | 1 | Closed | Appraisal dated (redacted). Intent to Proceed was executed (redacted). Application date was (redacted). (redacted). The CD reflects the appraisal was paid outside of closing, unable to confirm the date. Fees cannot be incurred prior to intent to proceed. | 03/16/2026 | Low LTV/CLTV/HCLTV - Low LTV of (redacted), up to (redacted) acceptable.; Verified employment history - Borrower has been self-employed for (redacted) years.; | 03/11/2026 Appraisal Release from previous lender to XXX. <br> 03/05/2026 Appraisal invoice is dated 1/15. See attach transfer email from Previous Lender, XXXX (XXXX) confirming appraisal was paid for. | 03/16/2026 Finding is cleared with the attached appraisal transfer letter. - 03/16/2026 Finding is cleared with the attached appraisal transfer letter.<br>03/05/2026 Pending letter on the original lender's letterhead addressed to the new lender, explicitly transferring the appraisal. | Approved C |
| 1034470 | XXXX | 1169471 | 02/28/2026 | Compliance | Missing 1-4 Family Rider | DEED 0008 | 1 | Closed | Missing 1-4 Family Rider. | 03/12/2026 |  | 03/10/2026 3/10 SW- see attached | 03/12/2026 Complete Security Deed inclusive of 1-4 Family Rider provided. Finding resolved. | Funded C A |
| 1033040 | XXXX | 1170343 | 03/05/2026 | Compliance | Mortgage/Deed of Trust is Incomplete | DEED 0049 | 1 | Closed | Mortgage (redacted) is missing attached legal description | 03/12/2026 | Verified credit history - (redacted) fico w/ a minimum required of (redacted).; | 03/10/2026 3/10 RF please see attached please clear thank you | 03/12/2026 Finding is cleared with the attached copy of the recorded mortgage, legal description included. - 03/12/2026 Finding is cleared with the attached copy of the recorded mortgage, legal description included. | Funded C A |
| 1033040 | XXXX | 1170349 | 03/05/2026 | Credit | Missing Copy of Quit Claim Deed | QCD 0001 | 1 | Closed | Missing copy of Quit Claim Deed from (redacted) per title commitment (redacted) to (redacted) as stated on Mortgage (redacted). Subject property in name of (redacted) as of (redacted) per Warranty Deed (redacted). | 03/12/2026 | Verified credit history - (redacted) fico w/ a minimum required of (redacted).; | 03/09/2026 TF 3/9 Please see attached | 03/12/2026 Finding is cleared with the attached warranty deed. - 03/12/2026 Finding is cleared with the attached warranty deed. | Funded C A |
| 1033040 | XXXX | 1170410 | 03/05/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | (redacted) mths rental history for the borrower's primary residence from the tenant ledger (redacted) reflects the (redacted) and the (redacted) payments were made with a credit which is not allowed. Missing credit card statements to verify that the monthly amount was paid in full each month. | 03/12/2026 | Verified credit history - (redacted) fico w/ a minimum required of (redacted).; | 03/11/2026 03/11/2026 - KJ: Please see the attached statements form XXXX. The payment of $2,459 and $2,400 were deducted from XXXX on 03/03/25 and 04/01/25. A credit card statement is not required. Both payments includes a $9.99 service charge which is typical. | 03/12/2026 Finding is cleared with the attached bank statements. TPR (redacted) search of the phone number associated with the payment confirms that is related to the property management company. - 03/12/2026 Finding is cleared with the attached bank statements. TPR google search of the phone number associated with the payment confirms that is related to the property management company. | Funded C A |
| 1033155 | XXXX | 1171084 | 03/10/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | Missing AUS approval: Per Movement_XXXXExpanded Access Investor Matrix 9.24.25 AUS/DU Findings must be run at CTC regardless of being a manual underwrite. |  | Low LTV/CLTV/HCLTV - 61.74% LTV w/a minimum requirement of 70%. <br>; Verified reserves - 30.77 mths verified reserves cash proceeds w/a minimum requirement of 3. <br>; |  | 03/10/2026 EV2/B - Non-material | Funded C B |
| 1033155 | XXXX | 1171106 | 03/10/2026 | Credit | Missing Divorce Decree and/or Separation Agreement | DD 0001 | 2 | Acknowledged | Missing divorce settlement agreement. |  | Low LTV/CLTV/HCLTV - 61.74% LTV w/a minimum requirement of 70%. <br>; Verified reserves - 30.77 mths verified reserves cash proceeds w/a minimum requirement of 3. <br>; |  | 03/10/2026 EV2/B - Exception for missing settlement agreement granted by XXXX, UW Mgr. | Funded C B |
| 1034376 | XXXX | 1171040 | 03/10/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender approval, only the 1008 is in the file. | 03/14/2026 | Verified housing payment history - 80 months of verified housing payments paid 0x30 since 04/2020.; Low DTI - Low DTI of 23.98%, up to 50% acceptable.; | 03/11/2026 Please see UW decision | 03/14/2026 Lender loan approval received. | Approved C |
| 1034703 | XXXX | 1170828 | 03/09/2026 | Credit | Credit Documentation is Insufficient | CRED 0093 | 1 | Closed | The final (redacted) for (redacted) reflects a mortgage with (redacted) in the amount of (redacted), with a total payment of (redacted) for their primary residence located at (redacted). The file is missing evidence of the loan. The file included the prelim title for the property (redacted); however, the final CD or loan documentation was not provided. <br>| 03/17/2026 | Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted). <br>; Verified credit history - (redacted) Fico w/minimum requirement of (redacted). <br>; | 03/12/2026 03/12 SA: Please see the attach document showing that this loan on XXXX is XXXX mortgage closed after 360 36th. | 03/17/2026 Finding is cleared with the attached CD for non-subject REO. - 03/17/2026 Finding is cleared with the attached CD for non-subject REO. | Approved C |
| 1034842 | XXXX | 1170670 | 03/06/2026 | Credit | Income Documentation is Insufficient | CRED 0082 | 1 | Closed | Missing executed (redacted) Borrowing Certificate for all business entity vesting. | 03/19/2026 | Verified reserves - (redacted) mths reserves verified using cash-out proceeds. Minimum requirement (redacted) months. ; | 03/19/2026 .<br>03/10/2026 Please see attached | 03/19/2026 Finding is cleared with the attached (redacted) Borrowing Certificate. - 03/19/2026 Finding is cleared with the attached LLC Borrowing Certificate.<br>03/13/2026 Attached resolution is insufficient to satisfy the finding. Missing is the executed LLC Borrowing Certificate for. Per guidelines, All Business Entity owners must sign FundLoans' Limited Liability Company Borrowing Certificate acknowledging the Borrower(s) financing of the subject property. | Approved C |
| 1033038 | XXXX | 1170020 | 03/04/2026 | Compliance | Missing Second Home Rider | DEED 0013 | 1 | Closed | Missing Second Home Rider. The DOT reflects it was attached (redacted), but it is not included in the file. | 03/17/2026 |  | 03/16/2026 03/16 SA: Please see the attached document for the Second Home Rider.<br>03/11/2026 2nd Home Rider | 03/17/2026 Finding is cleared with the attached copy of the executed second home rider. - 03/17/2026 Finding is cleared with the attached copy of the executed second home rider.<br>03/14/2026 Second Home Rider received is not executed. Missing copy of executed rider. If rider was not signed at closing a letter of intent to re-record from the lender will be required. | Approved C |
| 1033293 | XXXX | 1170044 | 03/04/2026 | Compliance | Missing Legal Description on Mortgage/DOT | DEED 0021 | 1 | Closed | Legal Description is not attached to or contained within Mortgage. (Page 1123) | 03/14/2026 | Disposable Income - The required residual income is $2,500 and the loan has residual income of $23,302.50 monthly. ; Low LTV/CLTV/HCLTV - Maximum CLTV of 80% with review CLTV of 70%. ; | 03/11/2026 Mortgage with Legal | 03/14/2026 Mortgage with Sch C Legal received. | Approved C |
| 1033293 | XXXX | 1171053 | 03/10/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender's approval, only the 1008 is in the file. | 03/14/2026 | Disposable Income - The required residual income is $2,500 and the loan has residual income of $23,302.50 monthly. ; Low LTV/CLTV/HCLTV - Maximum CLTV of 80% with review CLTV of 70%. ; | 03/11/2026 UW Approval | 03/14/2026 Lender loan approval received. | Approved C |
| 1034672 | XXXX | 1171433 | 03/11/2026 | Credit | Missing Sufficient Evidence of Insurance | INS 0001 | 1 | Closed | Project hazard policy provided (redacted) is missing the attached forms and does not reflect commercial general liability insurance for the project as required. | 03/19/2026 | Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted). ; Verified housing payment history - (redacted) mths of mtg history verified (redacted). Minimum requirement (redacted).; |  | 03/19/2026 Finding is cleared with the attached master certificate of liability insurance, (redacted) General Aggregate coverage. - 03/19/2026 Finding is cleared with the attached master certificate of liability insurance, $4MM General Aggregate coverage. | Approved C |
| 1034672 | XXXX | 1171497 | 03/12/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 1 | Closed | Final (redacted) section of REO indicates that the borrower does not current mortgages on REO properties. (redacted) should include all mortgages matched with REO. | 03/19/2026 | Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted). ; Verified housing payment history - (redacted) mths of mtg history verified (redacted). Minimum requirement (redacted).; |  | 03/19/2026 Finding is cleared with the attached revised application. Revision is considered non-material as the updates were made to match the documentation in file so borrower signature is not required. - 03/19/2026 Finding is cleared with the attached revised application. Revision is considered non-material as the updates were made to match the documentation in file so borrower signature is not required. | Approved C |
| 1034672 | XXXX | 1171529 | 03/12/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing final CD for refinance (redacted) on REO located at(redacted) as proof of PITIA and funds required to close. | 03/19/2026 | Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted). ; Verified housing payment history - (redacted) mths of mtg history verified (redacted). Minimum requirement (redacted).; |  | 03/19/2026 Finding is cleared with the attached Note and CD for concurrent transaction. - 03/19/2026 Finding is cleared with the attached Note and CD for concurrent transaction. | Approved C |
| 1034819 | XXXX | 1171528 | 03/12/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing final CD for refinance (redacted) on REO located at (redacted) as proof of PITIA and funds required to close. | 03/18/2026 | Verified housing payment history - (redacted) mths of mtg history (redacted). Guidelines requirement (redacted); Low LTV/CLTV/HCLTV - (redacted) LTV - Max (redacted)LTV; |  | 03/18/2026 Finding is cleared with the attached CD and note for concurrent transaction. - 03/18/2026 Finding is cleared with the attached CD and note for concurrent transaction. | Approved C |
| 1034819 | XXXX | 1171532 | 03/12/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final (redacted) section of REO indicates that the borrower does not current mortgages on REO properties. (redacted) should include all mortgages matched with REO. |  | Verified housing payment history - (redacted) mths of mtg history (redacted). Guidelines requirement (redacted); Low LTV/CLTV/HCLTV - (redacted) LTV - Max (redacted)LTV; |  | 03/12/2026 EV2/B - Non-material corrections to 1003. | Approved C B |
| 1034819 | XXXX | 1171541 | 03/12/2026 | Credit | Missing Sufficient Evidence of Insurance | INS 0001 | 1 | Closed | Project hazard policy provided (redacted) is missing the attached forms and does not reflect commercial general liability insurance for the project as required. ((redacted) policy provided (redacted).) | 03/18/2026 | Verified housing payment history - (redacted) mths of mtg history (redacted). Guidelines requirement (redacted); Low LTV/CLTV/HCLTV - (redacted) LTV - Max (redacted)LTV; |  | 03/18/2026 Attached master policy reflects (redacted) in general aggregate liability coverage. - 03/18/2026 Attached master policy reflects $4MM in general aggregate liability coverage. | Approved C |
| 1033276 | XXXX | 1170819 | 03/09/2026 | Property | Appraisal is Incomplete | APPR 0002 | 1 | Closed | Appraisal (redacted) states property in Flood Zone (redacted) using flood map (redacted) dated (redacted). Lender used same flood map on flood certificate (redacted) which states property is in flood zone AE. Flood insurance policy reflects the zone is X (redacted). | 03/18/2026 | Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted).; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Low LTV/CLTV/HCLTV - (redacted) LTV - Max (redacted) LTV.; |  | 03/18/2026 Depending on how far the flood map is magnified influenced which flood zone the subject is located. Review magnified the (redacted) flood zone map showing the property as being located in flood zone (redacted). The map in file that is demagnified indicates the property as being A, (redacted) or X flood zones (redacted), A and (redacted) being adjacent to one another. (redacted) designation of (redacted) appears to be reasonable compared to the location map attached to the appraisal and the flood map in file. Desk reviewer (redacted) concurred with the original (redacted). Lender exercised most conservative approach with flood insurance obtained. - 03/18/2026 Depending on how far the flood map is magnified influenced which flood zone the subject is located. Review magnified the FEMA flood zone map showing the property as being located in flood zone X500. The map in file that is demagnified indicates the property as being A, X500 or X flood zones (pg 350), A and X500 being adjacent to one another. Appraiser designation of X500 appears to be reasonable compared to the location map attached to the appraisal and the flood map in file. Desk reviewer appraiser concurred with the original appraiser. Lender exercised most conservative approach with flood insurance obtained. | Approved C |
| 1033276 | XXXX | 1170831 | 03/09/2026 | Credit | Missing Verification of Rental | CRED 0021 | 1 | Closed | Missing verification of (redacted) month rent paid by borrower: Canceled checks provided for (redacted) months (redacted) however, (redacted) months are paid by (redacted) (redacted) ((redacted) and (redacted)). LOE from borrower (redacted). Address on (redacted) checks does not match primary/rental address. (redacted) reflects property listed for rent (redacted) and listing removed (redacted). Rental Agreement not provided however, LOE (redacted) states borrower has rented since (redacted). | 03/18/2026 | Verified reserves - (redacted) mths reserves w/a minimum requirement of (redacted).; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; Low LTV/CLTV/HCLTV - (redacted) LTV - Max (redacted) LTV.; |  | 03/18/2026 Per (redacted), Canceled checks can be provided. In lieu of canceled checks, the lender may use the borrower's bank statements, copies of money orders, or other reasonable methods for documenting timely housing payments. The documentation must clearly indicate the payee and amount being paid, and reflect that payments were made on a consistent basis.<br> --<br> --<br> (redacted) requirements met. Checks were made payable to the owner of the property, (redacted), as verified with the PDR in file. (redacted) confirms the property was previously listed for (redacted) mo, which is the amount the borrower has been paying monthly. (redacted) is indicated to be the borrower's (redacted) per LOE (redacted), who is also is a signer on the borrowers business account as evidenced with the cancelled checks in file (redacted). The (redacted) remitting from their own personal account (redacted) months rent is not suspect since they have also been issuing payments from the borrowers self-employed business as an authorized signer, and the borrower has remitted payments from multiple sources over the (redacted)-month period (redacted). Bank statements are being mailed to the primary residence, (redacted) account shows the primary residence, and (redacted)-months cancelled checks payable to the owner of the property in the listed rental amount satisfactorily documents a (redacted)-month rental rating. - 03/18/2026 Per FNMA, Canceled checks can be provided. In lieu of canceled checks, the lender may use the borrower's bank statements, copies of money orders, or other reasonable methods for documenting timely housing payments. The documentation must clearly indicate the payee and amount being paid, and reflect that payments were made on a consistent basis.<br> --<br> --<br> FNMA requirements met. Checks were made payable to the owner of the property, XXXX, as verified with the PDR in file. Zillow confirms the property was previously listed for $3,800 mo, which is the amount the borrower has been paying monthly. XXXX is indicated to be the borrower's fiance per LOE (pg 103), who is also is a signer on the borrowers business account as evidenced with the cancelled checks in file (pg 56). The finace remitting from their own personal account 2 months rent is not suspect since they have also been issuing payments from the borrowers self-employed business as an authorized signer, and the borrower has remitted payments from multiple sources over the 12-month period (XXXX Personal, XXXX Business, and XXXX Personal Account). Bank statements are being mailed to the primary residence, Ally account shows the primary residence, and 12-months cancelled checks payable to the owner of the property in the listed rental amount satisfactorily documents a 12-month rental rating. | Approved C |
| 1033549 | XXXX | 1170776 | 03/09/2026 | Credit | Missing Mortgage History | CRED 0002 | 1 | Closed | Missing verification of mortgage payments on property located at (redacted). VOM in file (redacted) is not from a financial institution. Mortgage (redacted) dated (redacted). HUD (redacted) reflects property sold as of (redacted). | 03/18/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV - Max (redacted) LTV; |  | 03/18/2026 Agree, VOM competed by (redacted) which matches to the payoff. - 03/18/2026 Agree, VOM competed by CMS Enterprises which matches to the payoff. | Approved C |
| 1035073 | XXXX | 1172345 | 03/17/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final (redacted) section of REO indicates that the REO properties owned by borrower do not have mortgages on properties. Borrower has multiple REO with documented mortgages. (redacted) should include all REO with mortgages matched |  | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; |  | 03/17/2026 EV2/B - Non-material corrections to 1003. | Approved C B |
| 1035073 | XXXX | 1172358 | 03/17/2026 | Credit | Missing proof of PITI payment on non-subject property | CRED 0096 | 1 | Closed | Missing verification of Borrower's payment history on primary residence for property located at (redacted) as stated on final (redacted). LOE (redacted) reflects (redacted) assisted with purchase of primary residence. Open lien report not provided to verify ownership and liens. | 03/24/2026 | Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; |  | 03/24/2026 Finding is cleared with the attached copy of the Note for the primary residence that was recently acquired; first payment due (redacted) thus a VOM is not applicable. - 03/24/2026 Finding is cleared with the attached copy of the Note for the primary residence that was recently acquired; first payment due 4/1/2026 thus a VOM is not applicable. | Approved C |
| 1034925 | XXXX | 1172191 | 03/16/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final 1003 pg 275 section of REO indicates that the borrower does not have liens attached to REO and does not have liabilities. Borrower owns multiple REO with documented mortgages and has open tradelines. 1003 should include all REO with mortgages matched and liabilities. |  | Verified reserves - 8.38 mths verified reserves w/a minimum requirement of 3. <br>; Verified credit history - 708 Fico w/minimum requirement of 680.; |  | 03/16/2026 EV2/B - Non-material corrections to 1003. | Approved C B |
| 1035063 | XXXX | 1170996 | 03/10/2026 | Compliance | LE or CD is Deficient | TRID 0148 | 2 | Acknowledged | Loan Disclosures / Escrows section of Final CD dated (redacted) does not indicate if the borrower declined an escrow account or if the lender does not offer one. (redacted) |  | Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted) for the subject and (redacted) months for each financed REO. <br>; Low DTI - DTI of (redacted) w/a maximum allowed DTI of (redacted). <br>; |  | 03/17/2026 EV2/B Non-Material | Approved C B |
| 1035063 | XXXX | 1171928 | 03/13/2026 | Credit | Missing Loan Approval Date | APRV 0003 | 1 | Closed | Missing the lender's approval, only the (redacted) is in the file. | 03/17/2026 | Verified reserves - (redacted) mths verified reserves w/a minimum requirement of (redacted) for the subject and (redacted) months for each financed REO. <br>; Low DTI - DTI of (redacted) w/a maximum allowed DTI of (redacted). <br>; |  | 03/17/2026 Finding is cleared with the attached underwriting decision. - 03/17/2026 Finding is cleared with the attached underwriting decision. | Approved C |
| 1034770 | XXXX | 1172639 | 03/18/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final 1003 pg xx section of REO indicates that the borrower does not have liens on REO owned. Borrower owns multiple REO with documented mortgages. 1003 should include all REO with mortgages matched |  | Verified credit history - 756 Fico w/minimum requirement of 680. <br>; Verified housing payment history - 40 mths of mtg history verified 0x30. Guideline required 1x30x12. <br>; |  | 03/18/2026 EV2/B - Non-material corrections to 1003 | Approved C B |
| 1035054 | XXXX | 1172900 | 03/19/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final 1003 pg xxsection of REO indicates that the borrower does not have mortgages loans on REO properties. Borrower owns multiple REO with documented mortgages. 1003 should include all REO with mortgages matched. |  | Verified reserves - 113 mths reserves using cash out proceeds w/a minimum requirement of 6.; Verified housing payment history - 69 mths mtg history verified 0x30. Guidelines required 1x30x12.; |  | 03/19/2026 EV2/B - Non-material corrections to 1003. | Approved C B |
| 1035541 | XXXX | 1172792 | 03/19/2026 | Credit | Final 1003 Application is Incomplete | APP 0002 | 2 | Acknowledged | Final (redacted) section of REO indicates that the borrower does not have an outstanding mortgage on REO. Borrower owns primary residence REO with documented mortgage. (redacted) should include all REO with mortgages matched |  | Low LTV/CLTV/HCLTV - (redacted) LTV w/a max of (redacted) LTV. <br>; Verified housing payment history - (redacted) mths mtg history verified (redacted). Guideline requirement (redacted). <br>; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; |  | 03/19/2026 EV2/B - Non-material correction to 1003. | Approved C B |
| 1035541 | XXXX | 1172890 | 03/19/2026 | Compliance | Scrivener's Error | NOTE 0060 | 1 | Closed | Note, Mortgage and appraisal reflect the subject city to be (redacted). Title (redacted), H06 (redacted), master HOI (redacted), flood certificate pg382 and lease (redacted) reflect the city to be (redacted). County Accessor search (redacted) reflects the taxing address as (redacted). Review utilized address per (redacted) look up. | 03/24/2026 | Low LTV/CLTV/HCLTV - (redacted) LTV w/a max of (redacted) LTV. <br>; Verified housing payment history - (redacted) mths mtg history verified (redacted). Guideline requirement (redacted). <br>; Verified credit history - (redacted) fico w/a minimum requirement of (redacted).; |  | 03/24/2026 Attached (redacted) lookup confirms (redacted) is the recommended city name with (redacted) also being recognized for the zip code. - 03/24/2026 Attached USPS lookup confirms Miami is the recommended city name with Aventura also being recognized for the zip code. | Approved C |
| 1031579 | XXXX | 1167129 | 02/19/2026 | Compliance | HPML Appraisal Requirements are Not Met | APPR 0044 | 1 | Closed | Missing appraisers executed certification stating the appraisal was prepared in accordance with USPAP and Title XI of FIRREA and any implementing regulations. (Page 252) | 04/08/2026 | Verified employment history - Borrower has been self-employed for 6 years.; |  | 02/25/2026 EV2/B Non-Material | Funded C A |
| 1031579 | XXXX | 1167609 | 02/21/2026 | Credit | Guideline Exception(s) | GIDE 0001 | 2 | Acknowledged | Exception approved page 250 to stay on program CORE AUS with an EAD Card, with no reserves, limited credit and no current housing expense. Approved Program: Core Option 2 granted 2/10/2026. |  | Verified employment history - Borrower has been self-employed for 6 years.; |  | 02/25/2026 Investor Acknowledged Exception | Funded C B |

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## Exhibit 99.3

**Exhibit 99.3 Schedule 3**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID (Purchasing Lender)** | **Loan Number (Selling Lender)** | **Final Overall Event Level** | **State** | **Lien Position** | **Loan Purpose** | **QM Designation Type** |
| 1024911 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1027760 | XXXX | 1 D A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028143 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1027840 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1027863 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1027746 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1027854 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1027909 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1027872 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1027943 | XXXX | 1 D A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1027877 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1027959 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028262 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1028946 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1027771 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1027825 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028547 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1027836 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028237 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028184 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1027985 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029082 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029015 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1027801 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1027896 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028504 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028589 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1027915 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1028129 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028581 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1027895 | XXXX | 2 D B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028014 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028116 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028127 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028243 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028111 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028513 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028154 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029236 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028762 | XXXX | 1 D A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1027763 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1027950 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1027987 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028006 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028157 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028978 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029113 | XXXX | 1 D A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028001 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028101 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028206 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029140 | XXXX | 2 D B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029257 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029267 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028059 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1028495 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028577 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028939 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029077 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029094 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029100 | XXXX | 1 D A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1029181 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1027920 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028527 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029215 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028488 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028969 | XXXX | 1 D A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029169 | XXXX | 1 D A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029229 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029272 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029425 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028562 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029495 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028203 | XXXX | 1 D A C | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1029131 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028464 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028020 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1027722 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029347 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029732 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1027766 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028039 | XXXX | 1 D A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029179 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029134 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028567 | XXXX | 1 D A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028552 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1027859 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028170 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028955 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1028970 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1028994 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029023 | XXXX | 2 D B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029122 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1029291 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029461 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029472 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029529 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1027924 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028293 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028450 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028492 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028586 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029062 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029441 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1029524 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029651 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030532 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029854 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1029943 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030198 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1027721 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029378 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030213 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1027995 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029261 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029661 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029741 | XXXX | 1 D A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028193 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028542 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1027965 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028989 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029107 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029205 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029242 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1029342 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1027984 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029310 | XXXX | 2 D B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029320 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029699 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029718 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029921 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029966 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1030180 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029680 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1029331 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030435 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029251 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029004 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029168 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029583 | XXXX | 2 D B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1029207 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029797 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028596 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1029029 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1029222 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1029365 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029546 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029562 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029761 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029912 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030938 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028297 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029275 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029658 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029694 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029983 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030050 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030349 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030504 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029053 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029453 | XXXX | 1 D A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029533 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029587 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029641 | XXXX | 1 D A C | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1029783 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030144 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1030148 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030206 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030222 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1030310 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030314 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030350 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030384 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031265 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029446 | XXXX | 1 D A C | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029738 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1030984 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028094 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029788 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030527 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031128 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028048 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028951 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029656 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029899 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030060 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030237 | XXXX | 2 D B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030330 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030944 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1029186 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029295 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029373 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029602 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030258 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030444 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030977 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1031072 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028050 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029072 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029283 | XXXX | 1 D A C | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029864 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029866 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030186 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1030363 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030525 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1031162 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028066 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1028761 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029032 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1029469 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029486 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029519 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029823 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029825 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029949 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030405 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030471 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031153 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031159 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031179 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029777 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030044 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030534 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031051 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031142 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029933 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030320 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030442 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1031068 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031157 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029357 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029552 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029256 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030395 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1030430 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031181 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031441 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028539 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029876 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1029594 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1031079 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031191 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030096 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031111 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031358 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1031399 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1030074 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1029299 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029570 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1030169 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1031568 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032029 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030385 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030491 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030957 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031001 | XXXX | 1 D A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031042 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031096 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031135 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031259 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1031269 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031272 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031422 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030013 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031007 | XXXX | 1 D A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031088 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031090 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032113 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032719 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031101 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1031552 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1032406 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030982 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031197 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031221 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031334 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1032045 | XXXX | 1 D A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032211 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030937 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1032153 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031059 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032834 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030301 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030268 | XXXX | 1 D A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031580 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030297 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1031035 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032238 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1032450 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032527 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1031147 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1031350 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1032118 | XXXX | 2 D B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032591 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1028302 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028306 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028311 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028913 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1030026 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032699 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030232 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030458 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031224 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031342 | XXXX | 2 D B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032171 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032579 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032585 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1032733 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032745 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032792 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032878 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1032930 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1033005 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1033034 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1033148 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1033516 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1028166 | XXXX | 2 D B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1032398 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1030949 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031171 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1031294 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031354 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031412 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1031428 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1031818 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031836 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032087 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032492 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032499 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032784 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1032820 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1032859 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032962 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1033050 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1033315 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1034246 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1034252 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031414 | XXXX | 1 D A C | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032551 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032571 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032701 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1032890 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1032900 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1032946 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1033287 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1034222 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030088 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1032513 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032794 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032990 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1033093 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1033192 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1031447 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1032124 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032768 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1033354 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1034244 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030475 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032914 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1032262 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032416 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032818 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028432 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1031246 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1031456 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1033424 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1034303 | XXXX | 2 D B C A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1032545 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1033306 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1032648 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1033170 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1033420 | XXXX | 1 D A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1034281 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1034375 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1034397 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1032981 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1033075 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1033115 | XXXX | 2 C B A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1034360 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1029998 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1030003 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032808 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1034288 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1034470 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1033040 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1033155 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1033218 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1034376 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1034396 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1034703 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1034842 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1033038 | XXXX | 1 C A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1033293 | XXXX | 1 C A | XXXX | 1 | Cash Out Refinance | Non-QM / Compliant |
| 1034672 | XXXX | 1 C A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1034819 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1033276 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1033302 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1033549 | XXXX | 1 C A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1029814 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032948 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1034432 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1035073 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1033214 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1033229 | XXXX | 1 A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1033373 | XXXX | 1 A | XXXX | 1 | Rate and Term Refinance | Non-QM / Compliant |
| 1034925 | XXXX | 2 C B A | XXXX | 1 | Rate and Term Refinance | Not Covered / Exempt |
| 1035063 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |
| 1028561 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1031114 | XXXX | 1 A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1034770 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1035054 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1035320 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1035541 | XXXX | 2 C B A | XXXX | 1 | Cash Out Refinance | Not Covered / Exempt |
| 1032322 | XXXX | 1 A | XXXX | 1 | Purchase | Not Covered / Exempt |
| 1031579 | XXXX | 2 C B A | XXXX | 1 | Purchase | Non-QM / Compliant |

---

## Exhibit 99.3

**Exhibit 99.3 Schedule 4**

---

| | |
|:---|:---|
| **Origination Values** | **Post-Closing Values** |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  | **Appraisal Value(s)** | **Appraisal Value(s)** | **Appraisal Value(s)** | **Appraisal Value(s)** | **Appraisal Value(s)** | **BPO Values** | **BPO Values** | **BPO Values** | **BPO Values** | **AVM Values** | **AVM Values** | **AVM Values** | **AVM Values** | **AVM Values** | **AVM Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Field Review Values** | **Field Review Values** | **Field Review Values** | **Field Review Values** | **Field Review Values** | **2055 Values** | **2055 Values** | **2055 Values** | **2055 Values** | **2055 Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** |  |  |  |
| **Seller Loan ID** | **Purchaser Loan ID** | **Origination Date** | **Original Loan Amount** | **Value used for LTV calculation** | **Sales Price** | **Appraisal Waiver Form** | **Property Inspection Waiver** | **Appraised Value** | **Appraisal Date** | **Second Appraisal Value** | **Second Appraisal Type** | **Second Appraisal Date** | **Value** | **Variance Amount** | **Variance(%)** | **Appraisal Date** | **Value** | **Variance Amount** | **Variance(%)** | **Appraisal Date** | **Confidence Score of AVM** | **AVM Product Name** | **Value** | **Variance Amount** | **Variance(%)** | **Company** | **Appraisal Date** | **Value** | **Variance Amount** | **Variance(%)** | **Company** | **Appraisal Date** | **Value** | **Variance Amount** | **Variance(%)** | **Company** | **Appraisal Date** | **Value** | **Variance Amount** | **Variance(%)** | **Company** | **Appraisal Date** | **Valuation Comments** | **Collateral Underwriter Risk Score** | **Loan Collateral Advisor Risk Score** |
| XXXX | 1024911 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1027760 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1028143 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -2.13% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1027840 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1027863 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.3 | 3 |
| XXXX | 1027746 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |
| XXXX | 1027854 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | 3.5 |
| XXXX | 1027909 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1027872 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Condo Docs: Questionnaire XXX Decs and By Laws XXX, Warrantable Project Attestation XXX, Full Review XXX, Condo Budget XXX, Lease XXX |  |  |
| XXXX | 1027943 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | 1 |
| XXXX | 1027877 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1027959 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 3.5 |
| XXXX | 1028262 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1028946 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1027771 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1027825 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.6 | 2 |
| XXXX | 1028547 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 |  |
| XXXX | 1027836 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028237 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 |  |
| XXXX | 1028184 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1027985 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029082 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029015 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1027801 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | 1 |
| XXXX | 1027896 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |  |
| XXXX | 1028504 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1028589 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1027915 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1028129 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1028581 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1027895 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1028014 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | Form 70, 70B, 72, 465, 2090, 1004C | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1028116 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |  |
| XXXX | 1028127 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1028243 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 |  |
| XXXX | 1028111 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 |
| XXXX | 1028513 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1028154 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.9 |  |
| XXXX | 1029236 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.1 |  |
| XXXX | 1028762 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.8 | 1 |
| XXXX | 1027763 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 | 3.5 |
| XXXX | 1027950 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1027987 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.7 | 3.5 |
| XXXX | 1028006 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1.5 |
| XXXX | 1028157 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 |  |
| XXXX | 1028978 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.8 | 4.5 |
| XXXX | 1029113 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.5 | 4.5 |
| XXXX | 1028001 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.4 | 4 |
| XXXX | 1028101 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028206 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 | 1.5 |
| XXXX | 1029140 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 3.5 |
| XXXX | 1029257 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1029267 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1028059 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.9 |  |
| XXXX | 1028495 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | 3.5 |
| XXXX | 1028577 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 | 4 |
| XXXX | 1028939 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1029077 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1029094 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1029100 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1029181 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 |  |
| XXXX | 1027920 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1028527 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.2 | 4 |
| XXXX | 1029215 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1028488 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | 4.4 | 4 |
| XXXX | 1028969 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029169 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029229 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 |  |
| XXXX | 1029272 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.7 | 3 |
| XXXX | 1029425 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028562 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 | 1.5 |
| XXXX | 1029495 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.4 | 3 |
| XXXX | 1028203 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1029131 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028464 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.8 | 5 |
| XXXX | 1028020 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.2 | 4.5 |
| XXXX | 1027722 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | 4 |
| XXXX | 1029347 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 3.5 |
| XXXX | 1029732 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 |  |
| XXXX | 1027766 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 | 3 |
| XXXX | 1028039 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1029179 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.7 | 2.5 |
| XXXX | 1029134 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | 4 |
| XXXX | 1028567 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 |  |
| XXXX | 1028552 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |  |
| XXXX | 1027859 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028170 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | 1 |
| XXXX | 1028955 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 3.5 |
| XXXX | 1028970 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1028994 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | 4 |
| XXXX | 1029023 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.09% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.7 | 4.5 |
| XXXX | 1029122 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1029291 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | 2 |
| XXXX | 1029461 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.1 | 5 |
| XXXX | 1029472 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029529 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.1 | 1 |
| XXXX | 1027924 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |  |
| XXXX | 1028293 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1028450 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1028492 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 | 1 |
| XXXX | 1028586 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.4 |  |
| XXXX | 1029062 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1.5 |
| XXXX | 1029441 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 |  |
| XXXX | 1029524 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.1 |  |
| XXXX | 1029651 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.9 | 1 |
| XXXX | 1030532 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.7 |  |
| XXXX | 1029854 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 |  |
| XXXX | 1029943 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 |  |
| XXXX | 1030198 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1027721 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.5 | 1 |
| XXXX | 1029378 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1030213 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX | Risk Score: Moderate; Additional Review Alert: Not Recommended. | 4.6 |  |
| XXXX | 1027995 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.7 | 3 |
| XXXX | 1029261 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029661 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1029741 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028193 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | 1 |
| XXXX | 1028542 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1027965 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.4 | 2.5 |
| XXXX | 1028989 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.7 | 1 |
| XXXX | 1029107 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1029205 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | 1 |
| XXXX | 1029242 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1029342 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.40% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1027984 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029310 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | The PP of $XXX was used for the LTV as it is lesser than the appraised value of $XXX | 3.3 | 2.5 |
| XXXX | 1029320 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | 1.5 |
| XXXX | 1029699 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 |
| XXXX | 1029718 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.9 | 3.5 |
| XXXX | 1029921 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1029966 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1030180 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.3 | 1 |
| XXXX | 1029680 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 |  |
| XXXX | 1029331 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -5.06% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1030435 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1029251 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029004 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1.5 |
| XXXX | 1029168 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | The lower PP of XXX rather than appraised value of XXX was used for LTV. | 1 |  |
| XXXX | 1029583 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1029207 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 |  |
| XXXX | 1029797 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5 |  |
| XXXX | 1028596 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 | 2.5 |
| XXXX | 1029029 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | 2.5 |
| XXXX | 1029222 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | 3.5 |
| XXXX | 1029365 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 4.5 |
| XXXX | 1029546 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 |  |
| XXXX | 1029562 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1029761 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | 2.5 |
| XXXX | 1029912 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.3 | 2.5 |
| XXXX | 1030938 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1028297 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029275 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | 3 |
| XXXX | 1029658 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |
| XXXX | 1029694 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 | 1 |
| XXXX | 1029983 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5 |  |
| XXXX | 1030050 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -6.39% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1030349 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1030504 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |
| XXXX | 1029053 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | 1 |
| XXXX | 1029453 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.9 | 3 |
| XXXX | 1029533 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1029587 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1029641 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 | 4 |
| XXXX | 1029783 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1030144 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 |  |
| XXXX | 1030148 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1030206 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.1 |  |
| XXXX | 1030222 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.1 | 3.5 |
| XXXX | 1030310 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |
| XXXX | 1030314 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1030350 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.8 | 4.5 |
| XXXX | 1030384 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
| XXXX | 1031265 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 | 2.5 |
| XXXX | 1029446 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029738 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1030984 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 | 1 |
| XXXX | 1028094 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.83% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Subject is rural, but is zoned residential (XXX). Meets guidelines. | 4.1 |  |
| XXXX | 1029788 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1030527 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1031128 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1028048 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028951 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029656 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.3 |  |
| XXXX | 1029899 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1030060 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1030237 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  | XXXX | XXXX | 23.27% | XXXX | 87.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.8 | 5 |
| XXXX | 1030330 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 |  |
| XXXX | 1030944 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1029186 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1.5 |
| XXXX | 1029295 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 | 1 |
| XXXX | 1029373 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 |  |
| XXXX | 1029602 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | 2.6 |
| XXXX | 1030258 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1030444 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1030977 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4 |  |
| XXXX | 1031072 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 |  |
| XXXX | 1028050 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.9 | 2.5 |
| XXXX | 1029072 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -4.85% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.4 | 2.5 |
| XXXX | 1029283 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | 1 |
| XXXX | 1029864 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029866 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1030186 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.3 | 2.5 |
| XXXX | 1030363 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1030525 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 3.5 |
| XXXX | 1031162 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028066 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 |  |
| XXXX | 1028761 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 |  |
| XXXX | 1029032 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1029469 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1029486 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.1 | 4 |
| XXXX | 1029519 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029823 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.63% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1029825 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 3.5 |
| XXXX | 1029949 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 | 1 |
| XXXX | 1030405 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1030471 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1031153 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.9 |  |
| XXXX | 1031159 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1031179 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 | 3.5 |
| XXXX | 1029777 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
| XXXX | 1030044 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.4 |  |
| XXXX | 1030534 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1031051 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1031142 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 | 1 |
| XXXX | 1029933 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  | XXXX | XXXX | 6.53% | XXXX | 96.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.6 |  |
| XXXX | 1030320 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 |  |
| XXXX | 1030442 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.1 | 2 |
| XXXX | 1031068 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1031157 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 |  |
| XXXX | 1029357 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1029552 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029256 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1030395 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1030430 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1031181 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.3 | 4 |
| XXXX | 1031441 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.2 | 3.5 |
| XXXX | 1028539 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1029876 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.3 | 3 |
| XXXX | 1029594 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 4 |
| XXXX | 1031079 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.2 | 3.5 |
| XXXX | 1031191 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | 3 |
| XXXX | 1030096 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1031111 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 |  |
| XXXX | 1031358 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | 1 |
| XXXX | 1031399 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 | 1 |
| XXXX | 1030074 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.6 | 5 |
| XXXX | 1029299 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1.5 |
| XXXX | 1029570 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.7 |  |
| XXXX | 1030169 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.2 | 5 |
| XXXX | 1031568 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032029 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.3 | 4.5 |
| XXXX | 1030385 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1.5 |
| XXXX | 1030491 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1030957 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | 1 |
| XXXX | 1031001 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.2 | 1 |
| XXXX | 1031042 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4 | 1 |
| XXXX | 1031096 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1031135 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1031259 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.3 | 3.5 |
| XXXX | 1031269 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX:<br>residential in nature. Marketing time 3-6 months. All comps under a mile and in the same city. | 2.2 | 2 |
| XXXX | 1031272 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1031422 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 |  |
| XXXX | 1030013 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1031007 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -6.25% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 |  |
| XXXX | 1031088 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | 1.5 |
| XXXX | 1031090 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1032113 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1032719 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1.5 |
| XXXX | 1031101 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 | 2.5 |
| XXXX | 1031552 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032406 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | 3.5 |
| XXXX | 1030982 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -14.29% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (redacted) |  |  |
| XXXX | 1031197 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1031221 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1031334 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 |  |
| XXXX | 1032045 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Per Guidelines a desk review is not required for loans with CU score of (redacted) or less. Subject CU is (redacted). | 2.5 | 1 |
| XXXX | 1032211 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.9 |  |
| XXXX | 1030937 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1032153 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.1 | 4 |
| XXXX | 1031059 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Per Guidelines a desk review is not required for loans with CU score of (redacted) or less. Subject CU is (redacted). | 1 | 1 |
| XXXX | 1032834 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1030301 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1030268 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Guidelines require CDA or FNMA SSR with a score of 2.5 or less. Subject property FNMA SSR 1 | 1 | 3.5 |
| XXXX | 1031580 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 |  |
| XXXX | 1030297 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (redacted) | 3.2 |  |
| XXXX | 1031035 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | 1 |
| XXXX | 1032238 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | 4 |
| XXXX | 1032450 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 |  |
| XXXX | 1032527 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1.5 |
| XXXX | 1031147 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1031350 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.8 | 3 |
| XXXX | 1032118 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032591 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Rural, zoned residential. | 2.7 |  |
| XXXX | 1028302 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028306 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028311 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1028913 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1030026 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 |  |
| XXXX | 1032699 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1030232 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | The appraisal p.288 indicates the subject was listed for sale on xx/xx/xx and was cancelled on xx/xx/xx. Guidelines only state removed prior to closing.<br>Zoned agricultural, commentary and photos confirm residential - eligible. | 1.5 |  |
| XXXX | 1030458 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1031224 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1031342 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Purchase date x/xx/xxxx ($). / Appraised value ($). / 1004D Pxxx x/xx/xx Smoke detector installed and water heater double strapped. | 1.1 | 1.5 |
| XXXX | 1032171 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032579 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.6 |  |
| XXXX | 1032585 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 |  |
| XXXX | 1032733 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1032745 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 | 4 |
| XXXX | 1032792 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 |  |
| XXXX | 1032878 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032930 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.1 | 2.5 |
| XXXX | 1033005 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1033034 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1033148 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (redacted) |  |  |
| XXXX | 1033516 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1028166 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | 1.5 |
| XXXX | 1032398 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1030949 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 |  |
| XXXX | 1031171 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (redacted) | 1 | 1.5 |
| XXXX | 1031294 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | 1 |
| XXXX | 1031354 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | 2.5 |
| XXXX | 1031412 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -2.90% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 | 4 |
| XXXX | 1031428 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1031818 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1031836 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 | 4 |
| XXXX | 1032087 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | In the subject's submarket area, supply has been increasing, creating an over-supply, with increasing days on market and declining values. Properly priced home listings are typically experiencing (redacted) months market exposure. Per GL, the maximum LTV/CLTV must be reduced by (redacted). Max is (redacted) less (redacted) = (redacted) and subject is at (redacted). | 1 | 1 |
| XXXX | 1032492 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.2 | 3 |
| XXXX | 1032499 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.7 | 2 |
| XXXX | 1032784 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1032820 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1032859 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1032962 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1033050 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1033315 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 |  |
| XXXX | 1034246 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (redacted) |  |  |
| XXXX | 1034252 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1031414 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 | 4.5 |
| XXXX | 1032551 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1032571 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032701 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032890 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | 2.5 |
| XXXX | 1032900 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -4.94% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.8 | 4 |
| XXXX | 1032946 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 |  |
| XXXX | 1033287 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.7 | 2.5 |
| XXXX | 1034222 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.6 | 4.5 |
| XXXX | 1030088 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2.5 |
| XXXX | 1032513 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1032794 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1032990 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | 3.5 |
| XXXX | 1033093 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 |  |
| XXXX | 1033192 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | 2 |
| XXXX | 1031447 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032124 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -2.78% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 3.5 |
| XXXX | 1032768 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1033354 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1034244 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1030475 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  | XXXX | XXXX | -5.30% | XXXX | 98.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.9 | 2.5 |
| XXXX | 1032914 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032262 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 2 |
| XXXX | 1032416 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1032818 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (redacted) | 1 | 1 |
| XXXX | 1028432 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.9 |  |
| XXXX | 1031246 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.4 | 2.5 |
| XXXX | 1031456 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | 2 |
| XXXX | 1033424 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1034303 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | 1.5 |
| XXXX | 1032545 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | Rural but zoned residential, clearly residential in nature, acceptable per GL. | 2.1 |  |
| XXXX | 1033306 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.1 | 2 |
| XXXX | 1032648 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | The property must be appraised within (redacted) months of the note date. - met<br>Appraisal Update and/or Completion Report (redacted) is required when the appraisal report will be greater (redacted) months old on the date of the note - met | 1 |  |
| XXXX | 1033170 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1033420 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1034281 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  | XXXX | XXXX | -1.02% | XXXX | 97.0 |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.8 |  |
| XXXX | 1034375 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1034397 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1032981 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5 |
| XXXX | 1033075 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (redacted) |  | 1 |
| XXXX | 1033115 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1034360 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.2 | 3.5 |
| XXXX | 1029998 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |  |
| XXXX | 1030003 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1032808 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | URAR Form 1004 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | 5 |
| XXXX | 1034288 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.9 | 3.5 |
| XXXX | 1034470 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -3.28% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |
| XXXX | 1033040 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  | XXXX | XXXX | 15.62% | XXXX | 91.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.7 | 3.5 |
| XXXX | 1033155 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | 3.5 |
| XXXX | 1033218 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.1 | 3 |
| XXXX | 1034376 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | 1.5 |
| XXXX | 1034396 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1034703 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX | XXXX | Form 1025-Small Residential 2-4 Unit Report | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1034842 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1033038 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |
| XXXX | 1033293 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | 4 |
| XXXX | 1034672 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 |
| XXXX | 1034819 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 |
| XXXX | 1033276 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | 1.3 | 3 |
| XXXX | 1033302 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.7 |  |
| XXXX | 1033549 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 |
| XXXX | 1029814 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1032948 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1034432 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -5.48% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | 3.5 |
| XXXX | 1035073 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 |  |
| XXXX | 1033214 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1033229 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 | 2.5 |
| XXXX | 1033373 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Appraisal reflects owner as XXXX and subject as tenant occupied. Borrowers have a land installment contract with XXXX9. Deed signed at closing p590. Land installment contract is from XXX, more than 24 months ago, so the subject loan is not considered a purchase transaction in accordance with guidelines. | 1 |  |
| XXXX | 1034925 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXX short term rentals XXX earnings report Pxx. | 4.4 | 4.5 |
| XXXX | 1035063 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 | 1 |
| XXXX | 1028561 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1031114 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 1034770 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1035054 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 |  |
| XXXX | 1035320 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4 |
| XXXX | 1035541 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 1.5 |
| XXXX | 1032322 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX | 1031579 | XXXX | XXXX | XXXX | XXXX | No | No | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.00% | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 3.5 |

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