# EDGAR Filing Document

**Accession Number:** 0001970036
**File Stem:** 0001193125-26-280660
**Filing Date:** 2026-6
**Character Count:** 1633828
**Document Hash:** 23526c0d8ffef80334183f451cd7ee5d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-280660.hdr.sgml**: 20260624

**ACCESSION NUMBER**: 0001193125-26-280660

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

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260624

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

**FILED AS OF DATE**: 20260624

**DATE AS OF CHANGE**: 20260624

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Residential mortgages - HELOC

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Figure HELOC Master Depositor Trust
- **CENTRAL INDEX KEY:** 0001970036
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-06455
- **FILM NUMBER:** 261114982

**BUSINESS ADDRESS:**
- **STREET 1:** 650 CALIFORNIA STREET
- **STREET 2:** SUITE 2700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108
- **BUSINESS PHONE:** 7145990329

**MAIL ADDRESS:**
- **STREET 1:** 650 CALIFORNIA STREET
- **STREET 2:** SUITE 2700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Figure HELOC Master Depositor Trust
- **CENTRAL INDEX KEY:** 0001970036
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 650 CALIFORNIA STREET
- **STREET 2:** SUITE 2700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108
- **BUSINESS PHONE:** 7145990329

**MAIL ADDRESS:**
- **STREET 1:** 650 CALIFORNIA STREET
- **STREET 2:** SUITE 2700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Figure HELOC Master Depositor Trust
- **CENTRAL INDEX KEY:** 0001970036
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-06455

**BUSINESS ADDRESS:**
- **STREET 1:** 650 CALIFORNIA STREET
- **STREET 2:** SUITE 2700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108
- **BUSINESS PHONE:** 7145990329

**MAIL ADDRESS:**
- **STREET 1:** 650 CALIFORNIA STREET
- **STREET 2:** SUITE 2700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**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(c)(1) under the Exchange Act (17 CFR 240.15Ga-1(c)(1)) for the reporting period to** 

☐ **Rule 15Ga-1(c)(2)(i) under the Exchange Act (17 CFR 240.15Ga-1(c)(2)(i)) for the quarterly reporting period to** 

☐ **Rule 15Ga-1(c)(2)(ii) under the Exchange Act (17 CFR 240.15Ga-1(c)(2)(ii)) for the annual reporting period to** 

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

**Central Index Key Number of depositor: 0001970036** 

## FIGRE Trust 2026-EXP1
**(Exact name of Issuer as specified in its charter)** 

**Central Index Key Number of issuing entity (if applicable): N/A** 

**Central Index Key Number of underwriter (if applicable): N/A** 

**Todd Stevens (973) 985-3682** 

**Name and telephone number, including area code, of the person** 

**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)(1) ☐

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) ☐

Copyright <sup>©</sup> 2023 <u>www.secdatabase.com</u>. All Rights Reserved.

Please Consider the Environment Before Printing This Document

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**INFORMATION TO BE INCLUDED IN THE REPORT** 

**PART I: REPRESENTATION AND WARRANTY INFORMATION** 

**N/A** 

**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS:** 

**Item 2.01 Findings and Conclusions of Third Party Due Diligence Reports Obtained by the Issuer** 

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

**EXHIBIT INDEX** 

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| | |
|:---|:---|
| Exhibit 99.1: | [Independent Accountants' Agreed-Upon Procedures Report, dated June 18, 2026 of KPMG LLP.](d134036dex991.htm) |
| Exhibit 99.2: | [Visionet Systems, Inc. Executive Summary, dated June 22, 2026](d134036dex992.htm) |
| Exhibit 99.3: | [Visionet Systems, Inc. Valuation Securitization Report](d134036dex993.htm) |
| Exhibit 99.4: | [Visionet Systems, Inc. Securitization Rebuttal Findings, Summary](d134036dex994.htm) |
| Exhibit 99.5: | [Visionet Systems, Inc. Securitization Rebuttal Findings, Loan Summary](d134036dex995.htm) |
| Exhibit 99.6: | [Visionet Systems, Inc. Securitization Rebuttal Findings, Exception Report](d134036dex996.htm) |

---

Copyright <sup>©</sup> 2023 <u>www.secdatabase.com</u>. All Rights Reserved.

Please Consider the Environment Before Printing This Document

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**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.

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| | |
|:---|:---|
| Figure HELOC Master Depositor Trust | Figure HELOC Master Depositor Trust |
| (Depositor) | (Depositor) |
| By: Figure Lending LLC, as sole member | By: Figure Lending LLC, as sole member |
| By: Figure Lending Corp. | By: Figure Lending Corp. |
| By: | /s/ Todd Stevens |
| Name: | Todd Stevens |
| Title: | Chief Capital Officer |

---

Date:<u> </u>June 24, 2026

Copyright <sup>©</sup> 2023 <u>www.secdatabase.com</u>. All Rights Reserved.

Please Consider the Environment Before Printing This Document

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g134036dsp05.jpg)

KPMG LLP

Suite 700

20 Pacifica

Irvine, CA 92618-3391

**Independent Accountants' Agreed-Upon Procedures Report** 

Figure Lending LLC (the "Company")

Deutsche Bank Securities Inc. (the "Structuring Agent")

Barclays Capital Inc.

Goldman Sachs & Co. LLC

BMO Capital Markets Corp.

Raymond James & Associates, Inc.

(together, the "Specified Parties")

Re: FIGRE Trust 2026-EXP1 – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "HEL05312026 – FIGRE 2026-EXP1_External_KPMG.xlsx" provided by the Company on June 12, 2026, containing information on 4,906 home equity lines of credit (the "Mortgage Loans") as of May 31, 2026 (the "Data File"), which we were informed are intended to be included as collateral in the offering by FIGRE Trust 2026-EXP1. The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting the Specified Parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

• The term "compared" means compared to the information shown and found it to be in agreement, unless
otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold.

• The term "recomputed" means recalculated and compared the result to the information shown and found
it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold.

• The term "reporting threshold" means that dollar amounts and percentages were within $1.00 and 0.1%,
respectively.

• The term "Source Documents" means copies of the Mortgage Loan Agreement, Servicing Statement,
Servicing Portal Screenshots, Notice of Servicing Transfer, Deed of Trust, and Credit Report Data Document for each Selected Mortgage Loan (defined below) provided by the Company. We make no representation regarding the validity or accuracy of these
documents, the execution of the Mortgage Loan Agreement by the borrower, or the validity of the borrower(s) signature(s).

![LOGO](g134036dsp006a.jpg)

------

![LOGO](g134036dsp007.jpg)

• The term "Instructions" means the instructions provided by the Company pertaining to a procedure,
attribute, or methodology, as described in Exhibit B.

• The term "Provided Information" means the Source Documents and Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

A. The Company instructed us to select a random sample of 703 Mortgage Loans from the 4,682 Mortgage Loans labeled
as "FIGURE_HELOC" in the "loan_program" field in the Data File (the "Selected Mortgage Loans") using a random sampling tool. For purposes of this procedure, the Company informed us they used an approximately 15%
basis to determine the number of Mortgage Loans we were instructed to randomly select from the Data File.

B. For each Selected Mortgage Loan, we compared the specified attributes in the Data File listed in Exhibit A to
the corresponding information included in the Source Documents, utilizing the Instructions, as applicable. The Company indicated that the absence of any of the information in the Source Documents or the inability to agree the indicated information
from the Data File to the Source Documents for each of the attributes identified, utilizing the Instructions as applicable, constituted an exception. The Source Documents are listed in the order of priority.

We found such information to be in agreement without exception.

We were engaged by the Company to perform this agreed-upon procedures engagement. We conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Mortgage Loans, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Mortgage Loans to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Mortgage Loans being securitized, (iii) the compliance of the originator of the Mortgage Loans with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Mortgage Loans that would be material to the likelihood that the issuer of the asset-backed securities will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

------

![LOGO](g134036dsp007.jpg)

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California

June 18, 2026

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**Exhibit A** 

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**#** | **Attribute** | **Attribute Name in the Data File** | **Provided Information** |
| 1 | Original Balance | original_loan_bal | Mortgage Loan Agreement and Instructions |
| 2 | Property City | City | Mortgage Loan Agreement, Deed of Trust |
| 3 | Property State | property_state | Mortgage Loan Agreement |
| 4 | Property Zip | property_zip | Mortgage Loan Agreement |
| 5 | Original Term | original_loan_term | Mortgage Loan Agreement |
| 6 | Original Draw Term | loan_draw_orig_term | Mortgage Loan Agreement |
| 7 | Original Interest Rate | original_interest_rate | Mortgage Loan Agreement |
| 8 | Original Credit Score | orig_credit_score | Credit Report Data Document |
| 9 | Estimated Initial Monthly Payment | estimated_monthly_payment_prom_note<br> or estimated_monthly_payment | Mortgage Loan Agreement, Servicing Statement, Notice of Servicing Transfer, or Servicing Portal Screenshots and Instructions |
| 10 | Net Margin | net_margin | Mortgage Loan Agreement |

---

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**Exhibit B** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**#** | **Attribute** | **Instructions** |
| 1 | Original Balance | For the purposes of comparing the Original Balance for a Selected Mortgage Loan:<br>Compare to the Total Loan Amount, Additional Draw Limit, or Line of Credit (whichever is first observed) in the Mortgage Loan Agreement. |
| 9 | Estimated Initial Monthly Payment | For the purposes of comparing the Estimated Initial Monthly Payment for a Selected Mortgage Loan:<br>(i) If a Selected Mortgage Loan has a Property State of Texas, compare to the field estimated_monthly_ payment in the Data File using the Servicing Portal Screenshots. If the difference is greater than the reporting threshold, compare to the Notice of Servicing Transfer.<br>(ii) If a Selected Mortgage Loan has a Property State other than Texas, compare to the field estimated_monthly_ payment_prom_note in the Data File using the Mortgage Loan Agreement. If the Estimated Initial Monthly Payment listed in the Mortgage Loan Agreement does not agree to the value listed in the Data File, compare to the Servicing Statement. |

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## Exhibit 99.2

**Exhibit 99.2** 

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|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

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**EXECUTIVE SUMMARY** 

**<u>**TABLE OF CONTENTS**</u>** 

**Table of Contents** 

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| | |
|:---|:---|
| I. Overview | 2 |
| II. Scope of Review | 2 |
| III. Client Data Tape | 5 |
| IV. Loan Products | 6 |
| V. Summary of Ratings | 7 |
|  VI.Event Grade Definitions | 8 |
| VII. Diligence Reports Summary | 9 |

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|:---|:---|
| **1** | Page |

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|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

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![LOGO](g134036g74r19.jpg)

**OVERVIEW**

Visionet performed a Due Diligence review of Non-Agency Mortgage loans originated by Figure Lending Corporation and obtained by our client. The review was conducted from May 2026 and June 2026.

Visionet followed the Nationally Recognized Statistical Rating Organizations (NRSRO) criteria while reviewing the loans. The population consists of a sample of 864 loans with an aggregate principal balance of $60,094,257.71

Each loan was re-underwritten as per applicable client guidelines, a regulatory compliance review was performed through compliance ease, where all the required tests were compliant with TRID and the Risk Indicator showing acceptable results. In addition to this, data tape was compared with the images of loan files to ascertain accuracy and completeness.

**SCOPE OF REVIEW**

**A.** **CREDIT GUIDELINE REVIEW.** 

Visionet evaluated credit guideline compliance utilizing data provided by the Client. The review was performed within the agreed scope and relied on vendor-supplied information rather than direct verification of borrower records. The review process has been reviewed by leading rating agencies, including DBRS, S&P, and Moody's, which permit Visionet to assign securitization grades under their respective methodologies.

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|:---|:---|
| **2** | Page |

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|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

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Credit and Property Guideline Adherence

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Using data received from Client, Visionet will confirm that credit and property attributes conform to
Figure's guideline requirements for each borrower and that the borrower's credit profile adhered to the guidelines

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. FICO/LTV/LIEN/Occupancy Matrix Adherence ii. Income, Debt and DTI calculation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income will be re-calculated using the raw data from PointServ for
paystubs and tax transcripts; and from Plaid for bank statement deposits and asset depletion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Debt will be recalculated using raw data from the data extract

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The income and debt data will be used to determine if the applicant qualifies per the guideline credit
eligibility criteria.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• DTI will be recalculated with the income and debt data to determine the DTI meets the guideline requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No Income Documents will be utilized in the re-calculations but rather
confirming the data from the source documents, PointServ and Plaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Credit Report data review:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Visionet will review Credit Report data received from client to ensure that the items listed fit within the
guidelines/Matrices:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Mortgage Late payments, Collection accounts, overall total inquiries, Bankruptcies and foreclosures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Credit score will be used to determine the maximum allowable loan amount per guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Title Search, or raw data provided by Client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The lien position (first or junior) is determined through review of data provided by Client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Visionet will review this data, in conjunction with the Figure decision algorithms to recalculate the lien
balances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. AVM Valuation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Visionet reviewed raw data AVM outputs / data to ensure that Figure has complied with its valuation criteria
outlined in their guidelines.

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|:---|:---|
| **3** | Page |

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|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Review Closing Documents</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Review security document and Note/HELOC Agreement to ensure the Loan was closed in accordance with approval and
with all required signatures.

**B.** **COMPLIANCE REVIEW.** 

"Compliance Review" means that Visionet reviewed each Loan to determine, as applicable, to the extent possible and subject to the caveats below, whether the Loan complies with the applicable Federal, State, and local regulatory requirements as noted below, each as amended, restated and/or replaced from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Federal Truth in Lending Act</u> ("TILA"), as implemented by Regulation Z, 12 C.F.R. Part 1026,
as set forth below including 1026.6, 1026.15 and 1026.40.

Rescission

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Failure to provide the right of rescission notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. failure to provide the right of rescission notice in a timely manner and to the correct consumer(s);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. errors in the right of rescission notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. failure to provide the correct form of right of rescission notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. failure to provide the three (3) business day rescission period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. any material disclosure violation on a rescindable 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>2.</u> <u>TILA</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>a)</u> <u>High-cost Mortgage (</u> <u>§</u> <u>§</u> <u>1026.31, 32 and 33):</u> 

Points and fees threshold test; ii. APR threshold test; iii. Prepayment penalty 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;&nbsp;&nbsp;&nbsp;&nbsp;<u>3.</u> <u>Other Provisions</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Texas:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution
and associated regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Fed/State/Local Predatory Lending:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 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;

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|:---|:---|
| **4** | Page |

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|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Prepay Penalties and Late Fees:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Federal and state specific late charge and prepayment penalty provisions. On loans listed as Consumer loans.
Check for all proper disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>4.</u> <u>Exclusions</u>.

Visionet will not test:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Loan types that are excluded from compliance with TRID:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Technical formatting of disclosures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Other Post-consummation disclosures, including Escrow Closing Notice; and Mortgage servicing transfer and
partial payment notices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) For Loans made by an FDIC-supervised institution or servicer, extended or renewed on or after January 1,
2016, whether prohibited fees were collected prior to the initial LE being issued

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Whether any fee is a "bona fide" fee for third-party services

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) Whether the loans comply with all federal, state or local laws, constitutional provisions, regulations or
ordinances that are not expressly enumerated above.

**C.** **AVM VALUATION REVIEW** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Visionet reviewed raw data AVM outputs / data to ensure that Figure has complied with its valuation criteria
outlined in their guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) All loans had a first secondary AVM ordered through another AVM vendor different than the original to ensure
value was supported within 10% of original AVM value, if value was supported an A value was provided. If the value was not supported a second secondary AVM was ordered through a third vendor, if value was supported a B grade was assigned. If value
was not supported a C grade was assigned.

**CLIENT DATA TAPE**

For Eight hundred Sixty Four (864) mortgage loans, Visionet compared data fields on the data tape provided by Client to the data found in the actual file as captured by Visionet. This comparison, when data was available, included the following data fields:

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| **5** | Page |

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|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

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| | | |
|:---|:---|:---|
| 1003 Application Date | First Payment Date | Originator DTI |
| Borrower Citizenship | Interest Only Term | Originator Front End DTI |
| Borrower First Name | Interest Rate | Property Type |
| Borrower Last Name | Lien Position | Property Zip Code |
| Qualified Income | Loan Amount | Property Address |
| Borrower Sex - Female | Loan Type | Property City |
| Borrower Sex - Male | Loan Program | Property State |
| Co-Borrower First Name | LTV | Qualifying FICO |
| Co-Borrower Last Name | Margin | Property Value |
| Co-Borrower SSN | Maturity Date | Closing/Settlement Date |
| Borrower SSN | Borrower Birth Date | DTI |
| Channel | Note Date | Property Value (Secondary) |
| CLTV | Number of Units | Original Term |

---

**LOAN PRODUCTS**

Below is the break-up of Loan products that were delivered to Client by Visionet:

---

| | | |
|:---|:---|:---|
| Loan Products | Loan Count | Percentage |
|  HELOC | 864 | 100% |
|  Total | 864 | 100% |

---

---

| | |
|:---|:---|
| **6** | Page |

---

------

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| | |
|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

---

**I.** **SUMMARY OF RATINGS** 

**Overall Loan Results:** 

---

| | | | |
|:---|:---|:---|:---|
| Event Grade | Loan Count | Original Principal Balance | Percent of Sample |
|  Event Grade A | 765 | $52797674.76 | 88.54% |
|  Event Grade B | 36 | $2309783.69 | 4.17% |
|  Event Grade C | 63 | $4986799.26 | 7.29% |
|  Event Grade D | 0 | $0.00 | 0.00% |
|  **Total Sample** | 864 | $60094257.71 | 100% |

---

**Valuation Results** 

---

| | | | |
|:---|:---|:---|:---|
| Event Grade | Loan Count | Original Principal Balance | Percent of Sample |
|  Event Grade A | 801 | $55107458.45 | 92.71% |
|  Event Grade B | 0 | $0.00 | 0.00% |
|  Event Grade C | 63 | $4986799.26 | 7.29% |
|  Event Grade D | 0 | $0.00 | 0.00% |
|  **Total Sample** | 864 | $60094257.71 | 100% |

---

**Compliance Results** 

---

| | | | |
|:---|:---|:---|:---|
| Event Grade | Loan Count | Original Principal Balance | Percent of Sample |
|  Event Grade A | 827 | $57705474.02 | 95.72% |
|  Event Grade B | 37 | $2388783.69 | 4.28% |
|  Event Grade C | 0 | $0.00 | 0.00% |
|  Event Grade D | 0 | $0.00 | 0.00% |
|  **Total Sample** | 864 | $60094257.71 | 100% |

---

**Credit Results** 

---

| | | | |
|:---|:---|:---|:---|
| Event Grade | Loan Count | Original Principal Balance | Percent of Sample |
|  Event Grade A | 864 | $60094257.71 | 100.00% |
|  Event Grade B | 0 | $0.00 | 0.00% |
|  Event Grade C | 0 | $0.00 | 0.00% |
|  Event Grade D | 0 | $0.00 | 0.00% |
|  **Total Sample** | 864 | $60094257.71 | 100% |

---

---

| | |
|:---|:---|
| **7** | Page |

---

------

---

| | |
|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

---

**Event Grade Definitions** 

---

| | |
|:---|:---|
| **Credit Event Grades** | **Credit Event Grades** |
| A | The loan meets the published guidelines without any exceptions. The client provided data for employment, income, assets and occupancy are supported and justifiable. |
| B | The loan substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding published guidelines. The client provided data for employment, income, assets and occupancy are supported and justifiable. |
| C | The loan does not substantially 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. |
| D | There was not sufficient documentation to perform a review or the credit file was not furnished. |

---

---

| | |
|:---|:---|
| **Compliance Event Grades** | **Compliance Event Grades** |
| A | The Loan is in compliance 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 absent 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. |

---

---

| | |
|:---|:---|
| **Valuation Event Grades** | **Valuation Event Grades** |
| A | The Secondary AVM value is supported within 10% of the original AVM provided at origination. |
| B | The Secondary AVM value is supported within 10% of the original AVM provided at origination. The valuation methodology substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding guidelines. |

---

---

| | |
|:---|:---|
| **8** | Page |

---

------

---

| | |
|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

---

---

| | |
|:---|:---|
| **Valuation Event Grades** | **Valuation Event Grades** |
| C | The Secondary AVM value is not supported within 10% of the original AVM provided at origination. 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. |
| D | The data provided was missing the AVM value or there was not sufficient data provided on the AVM to perform a review. |

---

---

| | |
|:---|:---|
| **Final Loan Grade** | **Final Loan Grade** |
| A | Loan meets Credit, Compliance, and Valuation Guidelines |
| B | The Loan substantially 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 substantially 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. |

---

**DILIGENCE REPORTS SUMMARY**

Visionet furnished the following reports on this transaction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Narrative Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Exception Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Grading Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Valuations Report

Disclaimer: Visionet Systems, Inc. ("the Company") is a leading digital technology and business process outsourcing solutions provided for the BFSI industry. With a unique combination of technology, knowledge expert and proprietary mortgage technology products, we deliver industry-leading solutions to global BFSI clients.

Visionet Systems, Inc. focuses on end-to-end services and solutions. We perform mortgage credit and compliance due diligence, pre-fund and post-close quality control, and mortgage servicing reviews. Services include

---

| | |
|:---|:---|
| **9** | Page |

---

------

---

| | |
|:---|:---|
| ![LOGO](g134036sp2.jpg) | Visionet System<br> 4 Cedar brook Drive building b,<br> East Windsor,<br> New Jersey 08512 |

---

valuation, risk management, and specialized staffing and advisory assistance. Our clients are financial entities including investment banks, commercial banks, mortgage companies, government agencies and mortgage insurers. Our primary focus is on securitized residential mortgage loans (prime, QM & Non-QM, performing and re-performing), mortgage servicing rights purchases, and new originations (quality control).

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. Neither supplemental factual investigation nor enhanced reviews can guarantee that all information provided to the Company will be accurate. Reports are, and must be construed solely as, statements of opinion and not as statements of fact as to credit worthiness, investment, financial, or other recommendation to purchase, sell, or hold any security. Reports may contain assumptions and/or predictions regarding future events which are "forward-looking" and inherently cannot be verified as facts. Consequently, Reports may be affected by future events or conditions which were not anticipated at the time the Report was made. Such forward-looking statements necessarily involve risks and uncertainties which may result in future performance that is materially different from the Report's assumptions and/or conclusions. As such, Reports are not a guaranty of future performance nor a prospectus related to the underlying securities (if any), and under reliance should not be placed upon the Reports in the purchase, sale, or holding of any security.

---

| | |
|:---|:---|
| **10** | Page |

---

## Exhibit 99.3

**Exhibit 99.3** 

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9218011 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -82.25% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -78.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218027 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -44.82% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217960 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -37.91% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217923 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -34.54% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217657 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -33.50% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217490 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -30.91% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218169 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -27.16% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218189 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -25.90% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -22.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217487 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -21.76% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217787 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -20.73% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218107 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -19.82% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217660 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -15.61% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217799 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -15.44% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217543 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -15.20% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217754 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -13.61% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217560 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -11.46% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -13.26% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217590 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -11.96% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -13.14% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218035 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -12.55% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217502 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -11.92% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217782 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -11.68% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217650 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -11.11% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218283 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -10.85% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217583 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -10.83% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218077 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -10.81% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217541 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -18.22% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -10.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217480 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -9.96% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218056 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -9.84% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217943 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -9.75% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218240 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -9.75% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217966 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -9.63% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218228 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.45% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -9.36% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217483 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -15.71% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -9.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217525 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -9.09% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217725 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -11.31% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -8.96% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217872 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -18.76% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -8.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218273 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.68% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -8.65% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218216 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -12.66% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -8.36% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218255 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -14.43% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -7.55% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217680 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -11.60% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -7.49% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217897 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.01% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -7.18% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9218051 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -6.00% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217732 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -14.31% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -5.57% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217481 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -4.99% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217614 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -20.96% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -3.85% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217987 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.42% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -3.70% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217669 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -2.67% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218162 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -2.42% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217559 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -12.52% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -2.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217549 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -14.02% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -1.65% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217546 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -12.59% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -1.65% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218054 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.49% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -1.46% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217612 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -17.89% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -1.35% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218208 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -12.26% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -0.98% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218296 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -65.20% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | -0.65% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217486 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -0.62% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218222 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | -0.16% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217928 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -12.00% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | 1.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218072 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 1.69% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217731 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.05% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | 2.13% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217882 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -16.13% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | 2.64% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217833 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.39% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | 2.89% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217471 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -22.65% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | 2.98% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218185 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 3.45% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218166 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 4.13% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218286 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 4.31% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218291 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 5.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217649 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 5.20% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218313 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 5.56% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218131 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 6.53% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217695 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -21.33% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | 7.03% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217593 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 7.18% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217653 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 7.53% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217493 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 9.31% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217716 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 9.32% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218207 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -18.83% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | 9.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218254 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 9.90% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218065 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 10.08% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218140 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 10.13% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218063 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 10.31% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217837 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 13.27% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217730 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 15.89% | XXXXXX | XX/XX/XXXX |

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9218057 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -13.89% | XXXXXX | XX/XX/XXXX | XXXXX | XXXXX | 17.53% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9217869 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 25.47% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217997 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 32.46% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217709 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 38.66% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218023 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 39.03% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9218064 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 48.38% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217885 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 149.05% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |
|  XXXXXX | 9218141 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 224.63% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217970 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -73.92% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217717 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -44.57% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217479 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -41.40% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217871 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -35.05% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217946 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -33.96% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217584 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -29.11% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217996 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -29.02% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217803 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -26.60% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218135 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -26.20% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218129 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -25.10% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217540 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -24.70% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217646 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -24.17% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217601 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -22.75% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218098 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -19.20% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217913 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -19.16% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217564 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -17.21% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217988 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -15.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217648 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -15.56% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217631 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -14.96% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218006 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -14.84% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217771 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -14.41% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218233 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -14.34% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217851 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -14.27% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218134 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -13.23% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217595 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -13.17% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217666 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -12.79% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218251 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -12.11% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218209 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -12.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218165 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -11.92% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217579 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -11.91% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217907 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -11.50% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217898 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.81% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217639 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.53% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

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| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217779 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.41% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217817 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.36% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217745 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -10.03% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217783 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.98% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218050 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.97% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217893 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.92% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217550 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217678 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.89% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217566 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218288 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.71% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217694 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.58% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217954 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.43% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218001 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217508 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.31% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217553 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.29% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217750 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -9.15% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217642 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.93% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217820 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217500 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.43% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217514 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.43% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217572 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.41% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218256 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217577 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217812 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.10% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217623 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217512 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.03% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218009 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -8.01% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217519 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.83% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217757 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.80% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217706 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.68% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217628 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.59% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218277 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.57% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217687 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.51% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218087 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218270 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.41% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218213 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218128 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.37% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217977 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.35% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217626 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.30% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217811 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.29% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9218287 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.23% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218146 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.14% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218040 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -7.06% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218111 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.99% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218171 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.97% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218094 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.93% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218080 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.92% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217633 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.87% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218257 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.83% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217908 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.81% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217861 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.77% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217613 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.76% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217862 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.65% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218012 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.64% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217575 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.64% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218224 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.60% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218220 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.58% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217808 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.54% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218333 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.51% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217699 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.45% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218025 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217899 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.41% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217761 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.32% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218193 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.28% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217756 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.26% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218154 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.20% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218272 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.18% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218175 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.11% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217670 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.11% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217503 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217494 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -6.07% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217753 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.96% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218124 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218326 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.88% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217965 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.87% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217774 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.77% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217770 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.68% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218319 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.58% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218263 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.58% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217738 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.57% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217656 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.50% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9218048 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.46% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217910 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.40% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218197 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.33% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218203 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.32% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217581 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.31% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218133 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.31% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217994 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.29% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217989 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.26% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217775 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.25% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217616 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.21% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217821 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217845 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.12% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217518 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.12% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217917 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217798 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -5.00% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218085 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.94% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217513 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.89% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217498 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.88% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217599 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.81% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217824 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.77% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218005 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.72% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217984 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.71% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217739 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.69% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217829 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.67% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217641 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.67% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218049 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.64% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217952 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.58% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217530 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.57% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218108 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218310 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.43% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217823 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.28% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217689 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.26% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218281 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.25% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218302 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.24% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218088 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.22% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217958 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217961 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218247 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.16% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217719 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.14% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217475 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217562 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.08% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217715 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.03% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218144 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.02% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218309 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -4.00% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217504 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.97% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217655 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.93% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217932 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.92% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217896 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.90% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217533 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217712 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218147 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.85% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218059 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.84% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217544 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.81% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218201 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.79% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218323 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.78% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217840 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.76% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218113 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.70% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218153 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.64% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218004 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.64% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217640 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.63% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217968 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.63% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217888 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.59% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217736 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.59% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218052 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.56% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217521 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.56% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218164 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.55% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217797 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.51% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218301 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.50% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217497 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.47% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217635 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.46% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217998 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.43% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218082 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.39% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217605 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218260 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218161 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.35% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218020 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.30% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217675 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.30% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217762 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.25% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217942 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.19% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218217 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.19% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218271 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.12% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218114 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.00% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

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------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9218226 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -3.00% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217924 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.99% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217677 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.98% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217569 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.95% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217561 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.94% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218196 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217545 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.87% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218026 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.86% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218192 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.86% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217992 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.83% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217563 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218327 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218097 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.80% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217555 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.71% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218239 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.69% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217934 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.68% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217489 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.61% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218190 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.57% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217570 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.55% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217860 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.53% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218079 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.49% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217608 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.48% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218274 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.47% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218248 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.44% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217967 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.43% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218106 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.42% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218195 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.40% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217892 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.32% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217557 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.25% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218223 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.24% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217542 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.24% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217638 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.19% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217482 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.12% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217939 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.06% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217658 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.04% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217580 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.03% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217925 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.03% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218285 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.03% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218246 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -2.00% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218198 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.99% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217828 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.84% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

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| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original**<br> **Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217600 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.83% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217839 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217807 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.81% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218143 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.80% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217976 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.79% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218030 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.78% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218155 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.76% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218015 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.73% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217610 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.72% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218086 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.70% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218068 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.70% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218034 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217644 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217959 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.55% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217836 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.49% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218219 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.49% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217769 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.49% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218318 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.48% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217864 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.48% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218325 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218093 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.42% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218314 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.39% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217476 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218100 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.32% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218244 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.32% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217789 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.28% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217734 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.14% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217937 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.13% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217991 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.12% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217598 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.12% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217853 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.12% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218044 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218119 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217816 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.07% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218102 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.07% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217522 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.07% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218016 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -1.04% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218184 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.99% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217683 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.95% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217586 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.95% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217682 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.94% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217629 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.92% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218199 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.89% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217663 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.87% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217509 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.84% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217554 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.83% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217963 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.83% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217838 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.80% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218295 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.80% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218116 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.80% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218315 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.79% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217737 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.75% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217558 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.74% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217948 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.74% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217929 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.73% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218083 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.69% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217506 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217685 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217985 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.64% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218062 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.60% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217547 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.56% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217703 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.55% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217573 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.54% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218163 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.49% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217478 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.49% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217895 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218121 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218159 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218167 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.43% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217592 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.41% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218329 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.39% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217852 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.39% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217926 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.39% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217723 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.37% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218194 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.36% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218298 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217911 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217684 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218103 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217676 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.31% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217813 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.31% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218073 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.28% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217906 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.27% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218292 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.24% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217505 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.20% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218008 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217652 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217492 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218280 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.16% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217621 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.16% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218067 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.15% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217588 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.15% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217902 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.14% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217974 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.12% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217625 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.12% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218241 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218307 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.07% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218236 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.07% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217578 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.03% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217986 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.02% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217726 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.02% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217556 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | -0.01% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218031 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.00% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217949 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.00% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218261 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.02% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217979 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.04% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217526 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.04% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218118 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.05% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217697 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.05% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217995 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217574 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217767 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.11% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217748 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.12% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218259 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.14% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218127 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.14% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217582 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.19% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217721 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.19% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218090 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.21% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217477 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.25% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217705 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.27% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217834 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.27% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218306 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.27% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217488 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.28% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9218109 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.32% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218041 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218055 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.40% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217788 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.41% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217534 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.41% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218029 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.53% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217496 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.53% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217758 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.54% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217951 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.54% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217847 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.54% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218304 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.55% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217672 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.59% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218242 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.63% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217877 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.64% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217842 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.65% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217772 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.66% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217724 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218142 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.69% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217801 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.71% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217565 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.72% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218070 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.79% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217884 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.83% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217854 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.83% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217865 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.84% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217971 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.86% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217495 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218268 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.92% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217866 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.95% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218276 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.99% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217474 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 0.99% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218076 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.01% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218014 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.02% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217634 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.02% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217814 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.07% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217980 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218290 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.11% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217981 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.13% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217698 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.15% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217615 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.21% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218258 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.23% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218089 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.24% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

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------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9218305 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.25% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217510 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.27% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217919 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.28% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217760 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.29% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217857 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.30% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217591 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218125 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.35% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218210 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.36% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217868 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.36% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218157 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218092 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218120 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.40% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217700 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.41% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217538 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.42% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218250 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.46% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218039 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.47% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218045 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.50% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218170 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.50% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217947 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.53% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217822 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.59% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218137 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.59% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217810 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.59% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218075 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.62% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218265 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.64% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218099 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.65% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217916 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.69% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217690 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.71% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217693 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.77% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217957 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.78% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217667 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.81% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218151 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218042 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.84% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217912 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.86% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217611 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 1.90% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218176 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.04% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217819 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.06% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218095 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217983 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217624 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217741 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.13% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218003 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.16% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

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| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217606 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.22% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218022 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.22% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218269 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.27% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218299 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.28% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218204 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.29% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217878 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.29% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218013 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.30% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217520 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.32% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217742 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.32% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218252 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.33% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218096 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.33% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217879 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.39% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218132 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.44% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217841 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.44% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218308 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.46% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218105 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.47% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217806 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.48% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217780 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.48% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217515 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.52% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218234 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.54% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217927 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.59% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217618 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.61% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218000 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.61% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218191 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.63% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218212 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218311 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.68% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218007 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.70% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217890 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.73% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218010 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.74% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217499 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.76% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218081 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.79% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218173 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218110 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.87% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217729 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.87% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217891 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.88% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218312 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.88% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217733 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.92% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218253 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.93% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218187 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.97% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217815 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.98% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217849 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 2.99% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217776 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.03% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217714 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.05% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217835 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.06% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217940 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218160 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.09% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218091 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217589 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.11% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217567 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.13% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217794 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.15% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218021 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.20% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217873 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.21% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217755 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.23% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217809 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.26% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218117 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.26% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217681 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.28% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218168 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.32% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217531 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.33% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217918 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.33% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217523 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217585 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.35% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217827 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217602 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.38% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218332 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.39% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218172 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.40% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217982 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.41% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218177 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.42% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218289 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.47% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218262 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.51% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217668 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.56% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217645 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.58% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217617 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.60% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218303 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.61% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217517 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.61% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218214 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.63% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217941 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.63% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218136 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.63% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218084 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.64% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217768 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.69% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218043 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.70% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218293 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.80% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218237 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217955 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.83% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217856 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.85% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218046 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218156 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 3.96% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217701 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.07% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217956 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.07% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217752 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.07% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217826 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.08% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217894 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.11% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217920 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.14% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217661 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.16% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218231 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217596 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.23% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218179 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.26% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217953 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.26% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217889 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.30% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218138 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.30% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217511 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.37% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217832 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.41% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217843 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217720 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218019 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217915 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217804 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.70% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217604 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.70% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217740 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.72% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218101 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.72% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217636 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.74% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218334 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.75% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217773 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.87% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218174 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.89% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217529 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.90% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217858 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.93% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217863 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.93% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218150 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.95% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218278 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 4.99% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217795 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.02% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217651 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.02% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217662 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.12% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217688 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.13% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217535 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.26% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217692 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217759 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.36% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217763 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.48% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217880 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.50% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218267 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.51% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218229 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.51% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218316 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.52% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218330 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.58% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217632 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.58% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217664 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.63% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217933 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.66% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218074 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.68% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218300 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.68% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218145 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.75% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217707 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.75% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217472 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.76% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217781 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.77% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217473 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.81% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218282 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217679 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217875 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.88% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217793 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.93% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217527 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.94% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217627 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 5.95% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217537 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.03% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217796 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.04% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218206 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.19% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218071 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.19% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217609 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.22% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218183 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.22% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217691 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.23% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218053 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.28% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218245 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.30% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217825 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.42% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218227 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.45% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218058 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.48% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218232 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.49% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218238 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.51% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218221 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.52% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217654 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.52% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217528 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.57% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

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---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217859 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.63% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218331 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.67% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218148 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.70% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217790 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.83% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218123 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.86% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217786 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 6.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217659 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.05% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217491 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.08% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217990 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.08% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218225 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.15% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218178 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.17% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217548 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.18% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217784 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.24% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217969 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.25% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218321 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.33% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217637 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.33% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218139 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.34% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217708 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.48% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217909 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.50% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217485 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.50% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217855 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.52% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218028 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.56% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217785 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.57% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218264 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217673 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.71% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217778 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.71% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217818 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.72% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217800 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.77% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217643 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.93% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217876 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.94% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217744 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.94% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217727 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.95% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217704 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.96% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217850 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 7.98% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218188 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.05% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217665 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.22% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217484 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.30% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217846 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217764 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.55% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218104 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.65% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218126 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.79% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

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| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217536 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.90% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218037 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.91% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217718 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.93% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217516 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 8.97% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217930 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.06% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217713 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217728 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.10% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217922 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.20% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217749 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.21% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217844 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.30% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217711 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.40% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217921 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.42% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218284 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.49% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217867 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.54% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217945 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.69% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217903 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.72% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217507 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.76% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217568 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.77% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217597 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.82% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217962 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.85% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217552 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 9.86% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218181 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.00% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218149 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.00% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218066 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.13% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217900 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.22% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218032 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.25% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218033 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.34% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217944 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.51% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217576 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.59% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217735 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.61% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217686 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.64% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218215 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.76% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217848 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.81% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218205 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.83% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217743 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.90% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218130 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 10.97% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218235 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.04% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218047 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.22% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217881 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.30% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218297 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.32% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217883 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.34% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9217674 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.37% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217524 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.62% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218317 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.66% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217874 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.72% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218069 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.85% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217935 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 11.87% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218243 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.00% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218036 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.06% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217671 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.12% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218230 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.15% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218324 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.18% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217975 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.20% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217999 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.37% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217532 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.41% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218202 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.71% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217630 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.71% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217619 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 12.83% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218122 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 13.28% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217722 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 13.36% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217766 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 13.51% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218002 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 13.71% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218078 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 14.10% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218200 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 14.15% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218038 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 14.30% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217792 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 14.46% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217993 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 14.98% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217904 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 15.05% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217802 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 15.10% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218018 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 15.13% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217978 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 15.23% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217551 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 15.29% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217603 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 15.44% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217830 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 15.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218322 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 15.67% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218320 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 15.74% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218249 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 16.69% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217594 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 17.18% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217931 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 17.20% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217702 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 17.39% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218266 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 17.50% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218017 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 18.16% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Clear Capital AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Veros AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **Quantarium AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **2nd AVM** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** | **BPO Value** |
| **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>State** | **Subject<br>Zip** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **PIW<br>Indicator** | **Appraised<br>Value** | **Value**<br> **for**<br> **LTV** | **Appraisal<br>Form<br>Type** | **Appraisal Date** | **Appraisal<br>Company<br>Name** | **Market<br>Condition** | **Second<br>Appraisal<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised**<br> **Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal<br>Date** | **Appraised<br>Value** | **Variance<br>Amount** | **Variance<br>Percent** | **Company** | **Appraisal Date** |
|  XXXXXX | 9218158 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 18.21% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217972 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 18.61% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217870 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 18.65% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217765 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 19.05% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218186 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 19.16% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217914 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 19.20% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217964 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 19.34% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217622 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 19.64% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218328 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 19.97% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217950 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 20.09% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217587 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 20.45% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217905 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 21.42% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217620 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 22.29% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217887 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 22.44% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218024 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 22.50% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218279 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 23.51% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217539 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 23.65% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217886 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 23.79% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217647 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 25.24% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218061 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 25.63% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217936 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 25.94% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218060 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 26.18% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217696 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 27.99% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217710 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 28.77% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218275 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 29.51% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217938 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 32.57% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218152 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 32.59% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217747 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 34.08% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218218 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 34.59% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217746 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 37.25% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217777 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 38.17% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217501 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 42.39% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218115 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 44.66% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218112 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 46.63% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217973 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 47.28% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218182 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 48.63% | XXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218294 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 49.08% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217805 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 51.83% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217751 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 54.69% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217571 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 57.39% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217607 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 60.62% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218211 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  | XXXXXX | XXXXXX | 71.73% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9218180 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXX | XXXXXX | 91.67% | XXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217901 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | 92.57% | XXXXXX | XX/XX/XXXX |
|  XXXXXX | 9217791 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  XXXXXX | 9217831 | XXXXXX | XXXXXX | XX | XXXXX | XX/XX/XXXX | XXXXX |  |  | XXXXXX | XXXXXX | AVM | XX/XX/XXXX | XXXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

## Exhibit 99.4

**Exhibit 99.4** 

Rebuttal Findings 06.22.2026

Seller:

Deal ID:

Total Loan Count: 864

---

| | | |
|:---|:---|:---|
| Loans by Grade in Population | Loans by Grade in Population | Loans by Grade in Population |
| Loan Grade | Count | Percentage |
| 1 | 765 | 88.54% |
| 2 | 36 | 4.17% |
| 3 | 63 | 7.29% |

---

![LOGO](g134036g00v01.jpg)

---

| | | |
|:---|:---|:---|
| Trade Summary | Trade Summary | Trade Summary |
| Loan Status | Count | Percentage |
|  Review Complete | 801 | 92.71% |
|  In Rebuttal | 63 | 7.29% |

---

![LOGO](g134036g00v02.jpg)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | Initial Findings Grade | Initial Findings Grade | Initial Findings Grade | Initial Findings Grade | Final Finding Grade | Final Finding Grade | Final Finding Grade | Final Finding Grade |
| Initial Findings Grade | Count | Rebuttal<br>Received | Responses<br>Given | Open | Resolved | UpHeld | Void | 4 | 3 | 2 | 1 |
| 4 | 12 | 12 | 12 | 0 | 12 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | 196 | 196 | 196 | 0 | 133 | 63 | 0 | 0 | 63 | 0 | 0 |
| 2 | 12 | 12 | 12 | 0 | 12 | 0 | 0 | 0 | 0 | 36 | 0 |
| 1 | 644 | 4 | 4 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 765 |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | Initial Finding Grade | Initial Finding Grade | Initial Finding Grade | Initial Finding Grade | Final Finding Grade | Final Finding Grade | Final Finding Grade | Final Finding Grade |
| Exceptions | Count | 3 | 4 | 2 | 1 | 3 | 4 | 2 | 1 |
|  Compliance | 68 | 68 | 0 | 0 | 0 | 0 | 0 | 37 | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NC rate spread home loan test - | 37 | 37 | 0 | 0 | 0 | 0 | 0 | 37 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CT nonprime home loan test - | 15 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; High cost mortgage Points and Fees - | 16 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 16 |
|  Credit | 65 | 37 | 12 | 12 | 4 | 0 | 0 | 0 | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DTI Mismatch | 19 | 8 | 6 | 3 | 1 | 0 | 0 | 0 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Undisclosed Lien | 14 | 6 | 5 | 0 | 0 | 0 | 0 | 0 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Closing date mismatch | 9 | 5 | 0 | 5 | 0 | 0 | 0 | 0 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hard Knockouts | 8 | 7 | 0 | 1 | 1 | 0 | 0 | 0 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heloc Agreement | 5 | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delinquent Tax | 4 | 3 | 0 | 2 | 0 | 0 | 0 | 0 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deed of Trust | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paystub missing | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CLTV Mismatch | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No Credit Findings | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
|  Valuation | 115 | 115 | 0 | 0 | 19 | 0 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Appraisal - Value is not supported within a 10% variance | 85 | 85 | 0 | 0 | 0 | 61 |  | 0 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The secondary valuation document is missing in the package | 30 | 30 | 0 | 0 | 0 | 2 |  | 0 | 28 |

---

![LOGO](g134036g00v03.jpg)

## Exhibit 99.5

**Exhibit 99.5** 

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218254 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) Delinquent tax -**<br> **Delinquent tax in the amount of XXXXXX is showing in Stewart Title**<br> **Response 1 (X/XX/XXXX X:XX PM)Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required (Resolved)** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 2 | 2 | 1 | 3 | 2 | 3 | 1 C B A |
| XXXXXX | 9218198 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) Undisclosed Lien**<br> **There is a outstanding judgmenet liens noted in stewart title report, however supporting document is missing.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required (Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 2 | 1 | 3 | 1 | 1 | 1 C A B |
| XXXXXX | 9217920 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) Undisclosed Lien**<br> **As per the credit report, there are XX-day ,XX-day, and XX–XXX-day delinquencies reflected for the mortgage account XXXX, XXXX. The delinquency dates mentioned are XX/XX/XXXX and XX/XX/XXXX. However, as per the credit attribute report and date tape, no delinquencies are reported. According to the guidelines, there should be no XX-day or greater late payments within the last X months if the FICO score is greater than XXX.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with Rebuttal. UW should verify credit attribute fields with hard credit along with data tape and determine the loan eligibility according to UW guidelines (Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217873 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X .XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X .XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) Closing date mismatch -**<br> **As subject property is investment provided closing date in DOT is XX/XX/XXXX not matching with Data tape origination is date XX/XX/XXXX**<br> **Response 1 (XX/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly. (Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218080 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) Closing date mismatch -**<br> **As per the Deed Agreement, the borrower's signature date is XX/XX/XXXX; however, the closing date reflected in the data tape is XX/XX/XXXX(Originated date). Please review and confirm the correct closing date, as the dates do not match.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly. (Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 2 | 1 | 3 | 1 | 1 | 1 C A B |
| XXXXXX | 9217858 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) DTI Mismatch -**<br> **As per the data tape, the total liability is $X,XXX.XXand the DTI is XX.XX%. However, after recalculation, the total liability is $X,XXX.XX. Due to this discrepancy in liabilities, the DTI increases from XX.XX% to XX.XX%. Note: The student loan has a current balance of $XXX,XXXwith a $X monthly payment; however, X.X% of the balance was used to calculate the monthly payment as there is no supporting documentation to justify omitting the student loan payment.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien. (resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218320 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) DTI Mismatch -**<br> **The calculated DTI is XX.XX% due to the inclusion of the XXXXXX debt which has a balance of $XXXX and a monthly payment of $XXX. However the UW omitted this debt resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to omit the debt.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien. (resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 2 | 4 | 1 | 3 | 2 | 1 | 1 D B A C |
| XXXXXX | 9218144 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) HELOC agreement**<br> **HELOC agreement has not been executed by the borrower. Please provide the final HELOC agreement document signed by the borrower , Which included all the fees, payoff debts at closing.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Document Received and exception cleared (Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 2 | 1 | 3 | 1 | 1 | 1 C A B |
| XXXXXX | 9217671 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9218277 | [] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)High Cost Mortgage This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX Response 1 (XX/XX/XXXX XX:XX) Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** The loan meets all applicable credit guidelines. | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |

---

------

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217698 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9217685 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 1 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218024 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 1 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217785 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 1 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218034 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 1 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218218 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 1 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217889 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9217959 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218015 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 1 | 1 | 3 | 2 | 1 | 1 C B A |

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| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218128 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218262 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217923 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 3 | 1 | 3 | 2 | 3 | 3 C A B |
| XXXXXX | 9218097 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 4 | 1 | 3 | 1 | 1 | 1 C A D |
| XXXXXX | 9217579 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear)CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 3 | 1 | 3 | 1 | 3 | 3 C A |
| XXXXXX | 9218166 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9217637 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217760 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9217741 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |

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| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218070 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218126 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218214 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218304 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217664 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218310 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 4 | 1 | 3 | 2 | 1 | 1 C B D A |
| XXXXXX | 9218174 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 4 | 1 | 3 | 1 | 1 | 1 C A D |
| XXXXXX | 9218114 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218060 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 4 | 1 | 3 | 1 | 1 | 1 C A D |

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| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218177 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9217910 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217655 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 2 | 1 | 3 | 1 | 1 | 1 C A B |
| XXXXXX | 9217917 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 2 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217844 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear)High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 2 | 1 | 3 | 1 | 1 | 1 C A B |
| XXXXXX | 9217739 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 2 | 1 | 3 | 1 | 1 | 1 C A B |
| XXXXXX | 9217854 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 2 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217684 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 2 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217973 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear)High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 2 | 1 | 3 | 1 | 1 | 1 C A B |

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| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218019 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 2 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217811 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 2 | 2 | 1 | 3 | 2 | 3 | 1 C B A |
| XXXXXX | 9218155 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 4 | 1 | 3 | 1 | 1 | 1 C A D |
| XXXXXX | 9218103 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9217589 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9218037 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 2 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218079 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9218096 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear)High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 4 | 1 | 3 | 1 | 1 | 1 C A D |
| XXXXXX | 9218200 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 2 | 1 | 3 | 2 | 1 | 1 C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217771 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 3 | 1 | 3 | 1 | 3 | 3 C A |
| XXXXXX | 9217833 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 2 | 3 | 1 | 3 | 2 | 3 | 1 C B A |
| XXXXXX | 9217972 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle X of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 2 | 1 | 3 | 1 | 1 | 1 C A B |
| XXXXXX | 9218274 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle X of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9218064 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 3 | 1 | 3 | 1 C A |
| XXXXXX | 9217667 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 4 | 1 | 3 | 1 | 1 | 1 C A D |
| XXXXXX | 9217782 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle X of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 4 | 1 | 3 | 1 | 3 | 3 C D A |
| XXXXXX | 9218090 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) High Cost Mortgage**<br> **This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXXXX | 9217956 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 4 | 1 | 3 | 2 | 1 | 1 C B D A |

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| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218116 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 4 | 1 | 3 | 1 | 1 | 1 C A D |
| XXXXXX | 9218101 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217726 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) CT nonprime home loan test**<br> **This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met.**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 2 | 1 | 3 | 1 | 1 | 1 C A B |
| XXXXXX | 9218123 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) NC rate spread home loan test**<br> **This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met**<br> **Response 1 (XX/XX/XXXX)** <br> **Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. (Resolved)** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 1 C B A |
| XXXXXX | 9217758 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **The calculated DTI is XX.XX% due to the inclusion of the XXXXXX debt, which has a balance of $X,XXX and a monthly payment of $XXX, and the XXXXXX debt, which has a balance of $X,XXX and a monthly payment of $XXX. However, the underwriter omitted this debt, resulting in a UW-calculated DTI of XX.XX%. Since including this debt causes the DTI to exceed the allowable tolerance, supporting documentation is required in order to omit the debt.**<br> **Response 1 (XX/XX/XXXX X:XX PM)** <br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217921 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **Stewart Title is showing a lien in the amount of XX,XXX.XX. We are not able to verify as the Supporting Documentation is not available.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217987 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Paystub missing**<br> **Income is calculated using manual paystubs but paystubs is missing in loan file to calculate the income.**<br> **Response 1 (XX/XX/XXXX X:XX PM)**<br> **Agreed documents have provided now (Resolved)** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 3 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218062 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **Tax Delinquency as per Stewart Title Report , Supporting Documentation is not available . XXXX County Tax Xnd half amount XX.XX Delinquent.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217970 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **The Stewart Title report shows that the subject property has delinquent property taxes for XXXX in the amount of XXX.XX. Therefore we require supporting documents to verify whether the borrower has paid the delinquent tax amount.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved)** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217764 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **Stewart Title is showing a lien in the amount of XX,XXX.XX. We are not able to verify as the Supporting Documentation is not available.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217886 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **The Stewart Title report reflects three tax liens against the subject property. The first lien is from XXXXXX, recorded on XX/XX/XXXX, in the amount of $X,XXX.XX. The second lien is from XXXXXX, recorded on XX/XX/XXXX, in the amount of $XXX.XX. The third lien is also from XXXXXX, recorded on XX/XX/XXXX, in the amount of $XXX.XX. Therefore, we require supporting documentation to verify whether the borrower has paid these tax liens.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |
| XXXXXX | 9218228 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **As per Stewart Title, there is a judgment lien in the amount of $X,XXX.00. Please provide supporting documents to verify the same.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved)** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218075 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Delinquent tax -**<br> **Taxes are Delinquent by XX/XX,/XXXX current total amount due XXXXX.XX, Supporting Documentation required**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with Rebuttal. Tax liens and judgement liens are not considered only open mortgage liens considered as UW guidelines(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9218211 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **Stewart Title is showing a lien in the amount of XXXX.XX. No supporting documents were provided in the loan file to verify this lien**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217986 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Delinquent tax -**<br> **Tax Delinquency as per Stewart Title Report of XXXX.XX, Proof of Payment is not available**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217628 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **The Stewart Title report reflects a utility lien against the subject property from XXXX, recorded on XX/XX/XXXX, in the amount of $XXXX. Therefore, supporting documentation is required to confirm whether the borrower has satisfied this utility lien.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with Rebuttal. Tax liens and judgement liens are not considered only open mortgage liens considered as UW guidelines(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217528 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Delinquent tax -**<br> **Tax deliquent amount of XXXX is reflecting in stewart title**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with Rebuttal. Tax liens and judgement liens are not considered only open mortgage liens considered as UW guidelines(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9218275 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **The Stewart Title report reflects that the subject property has a XXXX for XXXX secured on XX/XX/XXXX. Therefore, we require supporting documentation to confirm whether the borrower has paid off the XXXX or not.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with Rebuttal. XXXX liens are not considered only open mortgage liens considered as UW guidelines(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |

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| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217615 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Hardknockouts -**<br> **As per the credit report, there are four XX-day mortgage delinquencies, with the date mentioned as XX/XX/XXXX,XX/XX/XXXX while the application date was XX/XX/XXXX. However, as per the guidelines, if the FICO score is greater than XXX, there should be no XX-day or more late payments in the past X months.As per credit attribute report and Data tape not reflecting any deliquencies but credit report is showing deliquency date as XX/XX/XXXX and XX/XX/XXXX need confirmation on the detailed deliquency dates.**<br> **Response 1 (XX/XX/XXXX X:XX PM)**<br> **Agreed with the rebuttal. Based on the review of the data tape and the Credit Attributes Report, the loan does not trigger the Hard Knockout rule. Accordingly, the loan remains eligible, and the exception is resolved.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217689 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **As per the credit report, there are X XX-day delinquencies reflected for the mortgage account XXXX, XXXX. The delinquency dates mentioned are XX/XX/XXXX. However, as per the credit attribute report and date tape, no delinquencies are reported. According to the guidelines, there should be no XX-day or greater late payments within the last X months if the FICO score is greater than XXX.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with Rebuttal. UW should verify credit attribute fields with hard credit along with data tape and determine the loan eligibility according to UW guidelines(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217784 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **As per the credit report, there are three XX-day delinquencies reflected for the mortgage account XXXX. The delinquency dates mentioned are XX/XX/XXXX. However, as per the credit attribute report and date tape, no delinquencies are reported. According to the guidelines, there should be no XX-day or greater late payments within the last X months if the FICO score is greater than XXX.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with Rebuttal. UW should verify credit attribute fields with hard credit along with data tape and determine the loan eligibility according to UW guidelines(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217855 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Hardknockouts -**<br> **The provided credit report reflects that the borrower made three inquiries in the lastXX months: the first inquiry by XXXXXX on XX/XX/XXXX, the second by XXXXXX on XX/XX/XXXX, and the third by XXXXXX on XX/XX/XXXX. As per guidelines, for loans that are not affiliated with Even Financial, Self-Employed, or Full-Time borrowers, and where the Figure lien position is greater than X, the loan must be declined if the FICO score is between XXX and XXX, the overall utilization rate on open trades reported in the last six months is between XX% and XXX%, and the total number of inquiries in the last three months exceeds one. In this case, the borrower is XXXXXX, has a FICO score of XXX, a utilization rate of XX%, and three inquiries in the last XXXX months. Therefore, the loan is considered ineligible.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the rebuttal. Based on the review of the data tape and the Credit Attributes Report, the loan does not trigger the Hard Knockout rule. Accordingly, the loan remains eligible, and the exception is resolved.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |
| XXXXXX | 9217558 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Hardknockouts -**<br> **The provided credit report reflects that the borrower made three inquiries in the last three months: the first inquiry by XXXXXX on XX/XX/XXXX, the second by XXXXXX on XX/XX/XXX, the third by XXXXXX on XX/XX/XXXX, The fourth by XXXXXX on XX/XX/XXXXand the fifth by XXXXXX on XX/XX/XXXX. As per guidelines, for loans that are not affiliated with Even Financial, Self-Employed, or Full-Time borrowers, and where the Figure lien position is greater thanX, the loan must be declined if the FICO score is between XXX and XXX, the overall utilization rate on open trades reported in the last X months is between XX% and XXX%, and the total number of inquiries in the last XXXX months exceeds XX. In this case, the borrower is XXXXXX, has a FICO score of XXX, a utilization rate of XX%, and three inquiries in the last XXXX months. Therefore, the loan is considered ineligible.**<br> **Response 1 (X/XX/XXX X:XX PM)**<br> **Agreed with the rebuttal. Based on the review of the data tape and the Credit Attributes Report, the loan does not trigger the Hard Knockout rule. Accordingly, the loan remains eligible, and the exception is resolved.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |
| XXXXXX | 9217984 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed Lien**<br> **As per the credit report, there are XXXX XX-day delinquencies reflected for the mortgage account XXXX, XXXX. The delinquency dates mentioned are XX/XX/XXXX. However, as per the credit attribute report and date tape, no delinquencies are reported. According to the guidelines, there should be no XX-day or greater late payments within the last X months if the FICO score is greater than XXX.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with Rebuttal. UW should verify credit attribute fields with hard credit along with data tape and determine the loan eligibility according to UW guidelines(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217871 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Hardknockouts -**<br> **The provided credit report reflects that the borrower made three inquiries in the last XXXX months: the XX inquiry by XXXXXX on XX/XX/XXXX, the second by XXXXXX on XX/XX/XXXX, and the third by XXXXXX on XX/XX/XXXX. As per guidelines, for loans that are not affiliated with Even Financial, Self-Employed, or Full-Time borrowers, and where the Figure lien position is greater than X, the loan must be declined if the FICO score is between XXXand XXX, the overall utilization rate on open trades reported in the last XXXX months is between XX% and XXX%, and the total number of inquiries in the last XX months exceeds one. In this case, the borrower is XX, has a FICO score of XXX, a utilization rate of XX%, and three inquiries in the last XXXX months. Therefore, the loan is considered ineligible**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the rebuttal. Based on the review of the data tape and the Credit Attributes Report, the loan does not trigger the Hard Knockout rule. Accordingly, the loan remains eligible, and the exception is resolved.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 4 | 3 | 1 | 1 | 1 | 1 | 3 | 3 D C A |
| XXXXXX | 9217611 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **The provided credit report reflects that the borrower made XXXX inquiries in the last three months: the XXXX inquiry by XXXX on XX/XX/XXXX, the second by XXXXXX on XX/XX/XXXX, and the third by XXXXXX on XX/XX/XXXXand fourth one on XXXXXX on XX/XX/XXXX. As per guidelines, For employment type is full-time, and Figure lien position greater than X, and FICOXX between XXXand XXX, and overall utilization rate on open trades reported in the last X months between XX% and XXX%, and total number of inquiries made in the last X months exceed X, decline. In this case, the borrower is Full time employee, has a FICO score of XXX, a utilization rate of XX%, and Four inquiries in the last XXXX months. Therefore, the loan is considered ineligible" and "The calculated DTI is XX.XX% due to the inclusion of the XXXX #XXXX debt, which has a balance of $XX,XXXand a monthly payment of $XXX. However, the UW omitted this debt, resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit, supporting documentation is required to omit the debt.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |
| XXXXXX | 9217576 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Hardknockouts -**<br> **The provided credit report reflects that the borrower made two inquiries in the last XX months: the XX inquiry by XXXXXX on XX/XX/XXXXand the second by XXXX on XX/XX/XXXX. As per guidelines, for loans that are not affiliated with Even Financial, self employed, or full time borrowers, and where the Figure lien position is greater than one, the loan must be declined if the FICO score is between XXXand XXX, the overall utilization rate on open trades reported in the last XXXX months is between XXpercent and XXXpercent, and the total number of inquiries in the last XXXX months exceeds one. In this case, the borrower is retired, has a FICO score of XXX, a utilization rate of XXpercent, and XX inquiries in the last XXXX months. Therefore, the loan is considered ineligible.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the rebuttal. Based on the review of the data tape and the Credit Attributes Report, the loan does not trigger the Hard Knockout rule. Accordingly, the loan remains eligible, and the exception is resolved.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |

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| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217887 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Closing date mismatch -**<br> **As subject property is investment home provided closing date in DOT is XX/XX/XXXX not matching with Data tape origination is date XX/XX/XXXX**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217912 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Closing date mismatch**<br> **-RTC is not applicable for investment and second home and as per DOT sign date is XX/XX/XXXX which is prior to Data tap disbursement date is XX/XX/XXXX**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9218272 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Closing date mismatch -**<br> **As subject property is investment provided closing date in DOT is XX/XX/XXXX not matching with Data tape origination is date XX/XX/XXXX**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9217960 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Closing date mismatch -**<br> **As subject property is second home provided closing date in DOT is XX/XX/XXXX not matching with Data tape origination is date XX/XX/XXXX**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218110 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) HELOC agreement**<br> **HELOC agreement has not been executed by the borrower. Please provide the final HELOC agreement document signed by the borrower , Which included all the fees, payoff debts at closing.**<br> **Response 1 (XX/XX/XXXX X:XXPM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly. (Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9218087 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Deed of Trust -**<br> **As per the Deed Agreement, the borrower's signature date is XX/XX/XXXX; however, the closing date reflected in the data tape is XX/XX/XXXX (Originated date). Please review and confirm the correct closing date, as the dates do not match.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9218073 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) HELOC agreement**<br> **Heloc Agreement closing date is XX/XX/XXXX which is not matching with the data tape showing as XX/XX/XXXX**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9218063 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) HELOC agreement**<br> **Heloc Agreement closing date is XX/XX/XXXX which is not matching with the data tape showing as XX/XX/XXXX.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218142 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Deed of Trust -**<br> **As per the DOT, the borrower's signature date is XX/XX/XXXX; however, the closing date reflected in the data tape is XX/XX/XXXX. Please review and confirm the correct closing date, as the dates do not match.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |

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| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218152 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Closing date mismatch -**<br> **As per the signed closing documents present in the file, the closing date does not match the date reflected in the data tape. Please review and confirm the correct closing date, as the dates do not match.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9218107 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Closing date mismatch -**<br> **As per the DOT, the closing date provided does not match the closing date reflected in the data tape. Please review and confirm the correct closing date, as the dates do not match.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218092 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Closing date mismatch -**<br> **As per the DOT, the borrower's signature date is XX/XX/XXXX; however, the closing date reflected in the data tape is XX/XX/XXXX(Originated date). Please review and confirm the correct closing date, as the dates do not match.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9218323 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Hardknockouts -**<br> **The credit report reflects XXXXXX #XXXX with a balance of $XX,XXXand a monthly payment of $XXX, and it is also noted as "Foreclosure proceedings started." The account type is listed as Collection account. As per guidelines, no non-medical collections with a balance greater than $XXX are allowed, and there should be no "worst ever" status on any trade within the last XXmonths, including non-medical collections. Therefore, the loan is considered ineligible.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |
| XXXXXX | 9218084 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Undisclosed lien -**<br> **The provided Stewart Title report reflects that the borrower has a judgment in the amount of $X,XXX.XXXin favor of XXXX, dated XX/XX/XXXX. Therefore, we require supporting documentation to confirm whether the judgment has been satisfied**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217728 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Hardknockouts -**<br> **The subject property is a refinance of an XXXXXX; however, the borrower's XXXXXX information and related liabilities cannot be verified.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Agreed with the rebuttal. Based on the review of the data tape and the Credit Attributes Report, the loan does not trigger the Hard Knockout rule. Accordingly, the loan remains eligible, and the exception is resolved.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218065 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **As per the credit report, a revolving account for XXXX reflects a balance of $XXX,XXX; however, the monthly payment amount is not provided. Due to the missing payment information, the final DTI calculation does not match; however, the variance remains within tolerance**<br> **Response 1 (XX/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9218021 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **As we calculated DTI is XX.XX percent due to the inclusion of the XXXX debt which has a balance of XXXXX and a monthly payment of XXX. However the underwriter omitted this debt resulting in a calculated DTI of XX.XX percent. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to justify omitting the debt.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9218293 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **The UW-calculated DTI is XX.XX%, whereas our calculated DTI is XX.XX%, due to the inclusion of the XXXX, XXXXdebt, which has a balance of $XX,XXX and a monthly payment of $XXX. The UW excluded this debt from the DTI calculation. As per guidelines, the maximum allowable DTI is XX%. Therefore, supporting documentation is required to omit this debt; otherwise, the loan will be considered ineligible.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217848 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **The installment account XXXX balance $XX,XXX, monthly payment not showing in credit report. These accounts were required to be included in the liability calculation. Note: this lien monthly payment not included into DTI as per Data tap.**<br> **Response 1 (XX/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9217805 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **The calculated DTI is XX% due to the inclusion of the XXXXXX, #XXXXdebt which has a balance of $XXXXXand a monthly payment of $XXX. However the UW omitted this debt resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to omit the debt.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217610 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **As per the data tape installment account balance considered is $XXXhowever in credit report there is another installment account XXXXXX with balance of $XXXXand payment $XXXwhich is not included in DTI calculation. Due to which DTI changes from XX.XX% to XX.XX%**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9218121 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **As per VSI calculation, the DTI is XX.XX%, Data tap reflects DTI is XX.XX%.Note: As pe our calculation total monthly payment is X,XXX.XX, however in data tap showing total monthly payment X,XXX.XX. missed to add XXXX to DEBT calculation in the amount of $XXXX account no XXXXXXXX**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9218193 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **As per Data tape the total monthly liabilities is $XXXXX by exculding XXXXXX with a balance & payment of $XXX Payoff proof is not provided hence including the payment in liabilities DTI changes from XX.XX% to XX.XX%.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217954 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **As per the ASF data, the total liability is $X,XXX.XX. However, upon recalculation, the total liability is $X,XXX.XX. XXXX auto loan account appears to have been omitted, and there is no supporting documentation for this account in the file. When the XXXX monthly payment of $XXXis included, the DTI increases fromXX.XX% to XX.XX%**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9218041 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **As we calculated DTI is XX.XX percent due to the inclusion of the XXXXXX debt which has a balance of XXXXX and a monthly payment of XXX. However the underwriter omitted this debt resulting in a calculated DTI of XX.XX percent. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to justify omitting the debt.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217542 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -** <br> **The calculated DTI is XX.XX% due to the inclusion of the XXXXXX #XXXX debt, which has a balance of $XXXX and a monthly payment of $XXX. However, the UW omitted this debt, resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit, supporting documentation is required to omit the debt.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |
| XXXXXX | 9218289 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -** <br> **The calculated DTI is XX.XX% due to the inclusion of the XXXX debt which has a balance of $XXXX and a monthly payment of $XXX. However the UW omitted this debt resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to omit the debt.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217890 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **As per ASF Data tape total liability is XXXXXX, whereas per credit report student loan balance XXXX is present with X payment, however considering XX percentage of balance as monthly payment. DTI increases from XX.XX percent to XX.XX percent.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9218074 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **The UW-calculated DTI is XX.XX%, whereas our calculated DTI is XX.XX% due to the inclusion of the "XXXXXX #XXXX" debt, which has a balance of $XXXX and a monthly payment of $XXX, as per the UW excluded this debt from the DTI calculation. As per guidelines, the maximum allowable DTI is XX% for XXXXXX (FICO XXX–XXX), and the borrower's FICO score is XXX. Therefore, supporting documentation is required to omit this debt; otherwise, the loan is considered ineligible.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |
| XXXXXX | 9218308 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) DTI Mismatch -**<br> **The calculated DTI is XX.XX% due to the inclusion of the XXXXXX #XXXX debt which has a balance of $XXXX and a monthly payment of $XXX. However the UW omitted this debt resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to omit the debt.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 D A |
| XXXXXX | 9217977 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear)CLTV Mismatch**<br> **Senior lien amount not matching with Data tape an Lien breakdown document. As per data tape senior lien amount is XXX,XXXand infile provided Lien breakdown document showing senior lien amount XXX,XXX.XX**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **As per data tape , Total previous lien amount of $XXXXXX but lien breakdown shows $XXX,XXX.00. Data tape need to be corrected (XX/XX/XXXX).(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 B A |
| XXXXXX | 9218077 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) HELOC agreement**<br> **Final HELOC agreement is missing in the file.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Document Received and exception cleared(Resolved)** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217476 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) Paystub missing**<br> **The underwriter usedXXXX and XXXX income for qualification. We have the XXXX; however, the XXXXXX is missing from the file.**<br> **Response 1 (X/XX/XXXX X:XX PM)**<br> **Document received and exception cleared.(Resolved)** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXXXX | 9217629 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217952 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217725 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218278 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217603 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217875 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218312 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217849 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218054 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217580 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217535 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217932 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217616 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217577 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217534 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218259 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218184 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218301 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218316 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217483 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217599 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217823 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217488 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217586 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217713 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217604 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217555 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217781 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217847 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218235 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218099 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217902 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217635 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217679 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217607 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218267 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218245 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218202 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217863 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217706 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217496 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217701 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217595 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217963 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217837 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217650 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217732 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218156 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217499 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217743 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218093 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217590 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217687 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218227 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217592 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218149 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217587 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217806 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217638 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217846 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218215 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217801 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217933 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217888 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217891 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217770 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218201 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal — Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217983 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218006 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217861 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218327 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217670 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218178 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217840 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218314 | [] | XX/XX/XXXX | $XX,XXX.XX |  |  | (Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations. | (Clear) No Credit Finding- The loan meets all applicable credit guidelines. | (Clear) Appraisal - Value is supported within 10% of original appraisal amount- The secondary valuation product supported the original appraised value within 10%. |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217513 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217634 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218294 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217702 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218179 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218233 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218010 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218168 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217547 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217735 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217914 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9217831 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218237 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218181 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217677 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217979 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217690 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218025 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217852 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217487 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217772 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217541 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217708 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217498 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217962 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218270 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217665 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218302 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217989 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218089 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218129 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217601 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217825 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218173 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9217490 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218160 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217864 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218170 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218197 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218050 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217808 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217943 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217609 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218165 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218095 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218136 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217865 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217893 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217737 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218016 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218056 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218252 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217747 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218157 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218247 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217798 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218119 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217632 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217568 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217947 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9217484 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218167 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217511 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217802 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218206 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217674 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218325 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217718 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217969 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218033 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217899 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218039 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218164 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9217791 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217668 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218048 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218249 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217778 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218171 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217492 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218030 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218120 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217533 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218207 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217515 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218088 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217762 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217630 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217841 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218047 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217678 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217939 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217582 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217517 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218022 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218138 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218223 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218234 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218264 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217836 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217724 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218159 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217829 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218282 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218153 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218273 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217751 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217571 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218067 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218049 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218280 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218005 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218002 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217497 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217935 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217552 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217639 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218242 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217643 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217997 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217519 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218283 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217940 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217641 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217567 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217676 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217715 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217508 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217834 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217734 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217525 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217666 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218205 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217716 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217648 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217692 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217752 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217746 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217545 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217612 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217605 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218329 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218241 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9217926 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218261 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217945 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218322 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217503 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217506 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217835 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218052 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217703 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218296 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218199 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217957 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218324 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218125 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217575 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218315 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217913 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217819 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218240 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217796 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218012 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217775 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217588 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218212 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217578 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217482 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217820 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9217697 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217976 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217815 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217982 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217879 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218256 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217826 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9218162 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218053 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217622 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218112 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218257 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218183 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218230 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218148 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217748 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217919 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217712 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217869 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218161 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217493 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217792 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217948 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217516 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217850 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218268 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218098 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217730 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |

---

------

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218150 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217946 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217975 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217797 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218269 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217720 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218043 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217651 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217646 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218014 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218229 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217625 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218191 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217918 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218000 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217793 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218042 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217521 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218158 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217585 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217529 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218066 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217569 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217621 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217645 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218188 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218145 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217491 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218192 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218204 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217546 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217860 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217809 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217936 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217481 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218008 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217862 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218213 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218122 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217742 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217880 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218203 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217845 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218300 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218279 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217514 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218163 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217624 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217885 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9218313 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217838 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218003 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217593 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218298 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217642 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217816 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217906 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217882 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217570 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217901 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218185 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218020 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218172 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218143 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218326 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218035 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218091 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217872 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218225 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218007 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217653 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217794 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217553 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218232 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218072 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218292 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217990 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217658 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218130 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217486 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217527 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218221 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218285 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217980 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217907 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218106 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9217475 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217812 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217627 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217523 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217821 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218115 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217881 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217512 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217520 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217857 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217672 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217763 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217479 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217843 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218102 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217505 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9218317 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217892 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217686 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218258 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218044 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217583 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218303 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217868 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217953 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218297 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217780 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218251 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218133 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9217839 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217600 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217659 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218226 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217789 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217556 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217675 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217958 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217967 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217859 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217961 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217925 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217733 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9218220 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218013 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217866 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218305 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217606 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217485 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217978 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217804 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218210 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217478 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217654 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217931 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218307 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217942 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217504 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218009 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217471 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217903 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217853 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218311 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217828 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217759 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217618 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218295 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217619 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217560 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217699 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217904 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218134 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218055 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9218309 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217696 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217501 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217710 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218175 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218319 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217722 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218146 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217767 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218118 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218028 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218109 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217999 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217566 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217540 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217721 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217894 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217966 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217531 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217799 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218094 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218217 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218231 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218032 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217993 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217594 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217929 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217472 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217695 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218076 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217814 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218169 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217992 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218281 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217550 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9218250 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218318 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217500 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217640 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218117 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217597 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217995 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217756 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218287 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217867 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218208 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217602 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218238 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217572 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217876 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218105 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217822 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9217896 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217537 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218288 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218147 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218187 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217824 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217680 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217974 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217883 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217817 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217489 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218330 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217530 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217787 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217473 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218029 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217934 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218108 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217723 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218057 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217507 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218086 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217753 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218299 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218045 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218284 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217749 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217536 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217480 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217573 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218263 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217581 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217938 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217636 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217524 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217738 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217561 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217608 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218031 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217681 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217656 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217788 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217803 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218224 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217965 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217941 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217509 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218334 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217783 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217510 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217911 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217928 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 3 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217988 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217495 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218331 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218246 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217909 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218046 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218244 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218127 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217915 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217526 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217810 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217895 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217688 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218140 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217790 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217544 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217745 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217717 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217981 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217800 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9218186 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217709 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217711 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217477 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217543 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218222 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217631 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217768 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218243 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217955 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217908 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217766 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217518 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217623 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218104 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217924 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217736 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217620 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217662 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217944 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217830 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217807 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218255 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217626 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217774 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218051 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218071 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217744 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217755 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218271 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218027 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217874 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218040 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217813 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217644 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A C |
| XXXXXX | 9218111 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217551 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217633 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217754 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218253 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217776 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217584 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217991 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217731 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217539 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217905 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218058 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218023 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218124 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218139 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218180 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217661 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218069 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217564 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217474 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218141 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218038 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218216 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218083 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218176 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218182 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218321 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217842 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218131 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217574 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218135 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217532 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217884 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218100 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217657 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217557 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218209 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218290 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217691 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217877 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217769 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218137 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218011 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218190 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218017 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217683 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217502 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218036 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217693 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217930 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217565 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217773 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218081 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218248 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218113 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218265 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217856 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218132 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217714 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217786 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218068 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217563 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218291 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217663 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217682 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218189 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218001 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218061 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218332 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217761 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217559 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9218333 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217596 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218026 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218219 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218004 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217707 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217729 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218286 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217652 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217985 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217673 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217878 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218328 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217832 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218239 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217700 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218059 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217998 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217705 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217549 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217971 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217900 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217937 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217719 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217964 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217598 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217750 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217950 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217779 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217777 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218082 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217649 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)** <br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217898 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217562 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217613 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218260 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217927 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217694 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218078 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218276 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217996 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9218195 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217548 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218151 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217916 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217660 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) secondary valuation Value not with in 10%**<br> **The secondary valuation from XXXXXX value XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did not support the origination value within 10%.**  |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |
| XXXXXX | 9217591 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217922 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217827 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217968 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217897 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217795 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217851 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Open) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **"The AVM did not support the origination value within the required 10% variance threshold. Additionally, the AVM resulted in a no-hit response. Therefore, the exception is upheld."** |  | 3 | 3 | 1 | 1 | 1 | 1 | 3 | 3 C A |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217538 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217870 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217522 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217617 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217494 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218018 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217669 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) The secondary valuation document is missing in the package**<br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217614 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear)) Appraisal - Value is not supported within a 10% variance-** <br> **The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.** <br> **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXXXX | 9217554 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

---

------

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9217727 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217757 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217765 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218236 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217704 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218266 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217951 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217740 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217994 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

---

------

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan<br>Number** | **Loan<br>ID** | **Last<br>Name** | **Note Date** | **Original<br>Loan Amount** | **QM<br>Status** | **ATR<br>Status** | **Compliance<br>Exceptions** | **Credit<br>Exceptions** | **Property<br>Valuation<br>Exceptions** | **Compensating<br>Factors** | **Initial<br>Rating** | **Final<br>Rating** | **Initial<br>Credit<br>Rating** | **Final<br>Credit<br>Rating** | **Initial<br>Compliance<br>Rating** | **Final<br>Compliance<br>Rating** | **Initial<br>Property<br>Valuation<br>Rating** | **Final<br>Property<br>Valuation<br>Rating** |
| XXXXXX | 9218085 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218306 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217647 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217949 | [ ] | XX/XX/XXXX | $XXX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218154 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9217818 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218194 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXXXX | 9218196 | [ ] | XX/XX/XXXX | $XX,XXX.XX |  |  | **(Clear) No Compliance Findings-** <br> **The loan is in compliance with all applicable laws and regulations.** | **(Clear) No Credit Finding-** <br> **The loan meets all applicable credit guidelines.** | **(Clear) Appraisal - Value is supported within 10% of original appraisal amount-** <br> **The secondary valuation product supported the original appraised value within 10%.** |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

---

## Exhibit 99.6

**Exhibit 99.6** 

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218110 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | HELOC agreement has not been executed by the borrower. Please provide the final HELOC agreement document signed by the borrower , Which included all the fees, payoff debts at closing. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> HELOC agreement signed by primary borrower "XXXXXX" on XX/XX/XXXX was provided in loan file, uploaded again for reference. The deed was signed by primary borrower "XXXXXX" and additional signer "XXXXXX" on XX/XX/XXXX, which corresponds to the date the RTC was provided to borrower in columns XX/XX once signing was completed. The funds were disbursed on XX/XX/XXXX per the Disbursement Timestamp (column XX) once the rescission period ended. You are verifying that the date the deed signing was completed corresponds to date RTC was provided to borrower, and that the disbursement date was after the rescission period ended per the RTC included in loan file. | **Response 1 (XX/XX/XXXX X:XXPM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly. **(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218110 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218110 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217952 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217952 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217952 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217725 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217725 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217725 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218278 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218278 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218278 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217873 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | As subject property is investment provided closing date in DOT is XX/XX/XXXX not matching with Data tape origination is date XX/XX/XXXX | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> RTC not required for investment and non-owner occupied properties. Deed was signed by borrowers on XX/XX/XXXX and funds were disbursed on XX/XX/XXXX once the signed doc review was completed on XX/XX/XXXX. The disbursement timestamp (column XX) corresponds to when the loan was funded. | **Response 1 (XX/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217873 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the X.XXX% Rate Spread Home Loan threshold. The loan has an APR of X.XXX %. The NC RSHL APR threshold is X.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XX)<br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217873 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217603 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217603 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217603 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217875 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217875 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217875 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218312 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218312 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218312 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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------

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217849 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217849 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217849 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218054 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218054 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218054 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> **2nd AVM provided** | **Response 1 (XX/XX/XXXX XX:XX)**<br> **The second AVM provided did support the origination value within 10%. (Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217580 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217580 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217580 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217671 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217671 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | Compliance review completed. Result is Elevated due to XX Nonprime Home Loan Lending Policy test fail. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> **CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy.** | **Response 1 (XX/XX/XXXX XX:XX)** <br> **Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. (Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217671 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217535 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217535 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217535 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217932 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217932 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217932 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217616 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217616 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217616 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217577 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217577 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217577 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217534 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217534 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217534 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217987 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Paystub | XXXXXX | Income is calculated using manual paystubs but paystubs is missing in loan file to calculate the income. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM) See attached for borrower XXXXXX for income verification. | **Response 1 (XX/XX/XXXX X:XX PM)**<br> Agreed documents have provided now **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217987 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217987 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218259 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218259 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218259 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218184 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218184 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218184 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218301 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218301 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218301 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218316 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218316 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218316 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217483 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217483 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217483 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217599 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217599 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217599 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217823 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217823 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217823 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217488 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217488 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217488 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217758 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The calculated DTI is XX.XX% due to the inclusion of the XXXXXX debt, which has a balance of $X,XXX and a monthly payment of $XXX, and the XXXXXX debt, which has a balance of $X,XXX and a monthly payment of $XXX. However, the underwriter omitted this debt, resulting in a UW-calculated DTI of XX.XX%. Since including this debt causes the DTI to exceed the allowable tolerance, supporting documentation is required in order to omit the debt. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217758 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217758 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217586 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217586 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217586 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218065 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | As per the credit report, a revolving account for XXXX reflects a balance of $XXX,XXX; however, the monthly payment amount is not provided. Due to the missing payment information, the final DTI calculation does not match; however, the variance remains within tolerance | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX% | **Response 1 (XX/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218065 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218065 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217713 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217713 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217713 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217604 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217604 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217604 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217615 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | As per the credit report, there are four XX-day mortgage delinquencies, with the date mentioned as XX/XX/XXXX,XX/XX/XXXX while the application date was XX/XX/XXXX. However, as per the guidelines, if the FICO score is greater than XXX, there should be no XX-day or more late payments in the past X months.As per credit attribute report and Data tape not reflecting any deliquencies but credit report is showing deliquency date as XX/XX/XXXX and XX/XX/XXXX need confirmation on the detailed deliquency dates. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract, the below XXXX attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the XXXXX attribute fields fromXXXXX JSON file match what we have in the data extract and Credit Attributes Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> FICO X must be at least XXX (Minimum XXX for Non-Owner Occupied / Minimum XXX for loan amount > $XXX,XXX)<br> Non-Owner Occupied: FICO < XXX or > XXX<br> Loan > $XXX,XXX: FICO < XXX or > XXX<br> No mortgage XX or more days delinquent, or derogatory occurred in the last:<br> X months (FICO >= XXX): MTAXXXX > X AND MTAXXXX NOT IN (XX, XX, XX)<br> XX months (XXX <= FICO <= XXX): MTAXXXX> 0 AND MTAXXXX NOT IN (XX, XX, XX)<br> Orig_credit_score (column X) = XXX<br> MTAXXXX (column XX) = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217615 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217615 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217555 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217555 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217555 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217781 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217781 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217781 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217847 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217847 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217847 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218254 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | DelinquentTax | XXXXXX | Delinquent tax in the amount of XXXXXX is showing in Stewart Title | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified X open mortgage liens per the Stewart Full Title Report at origination so our loan is in Xnd lien position. The delinquent property tax is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218254 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218254 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218235 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218235 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218235 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218099 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218099 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218099 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217902 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217902 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217902 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217635 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217635 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217635 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217679 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217679 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217679 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218277 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218277 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218277 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217607 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217607 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217607 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218267 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218267 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218267 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218245 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218245 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218245 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218202 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218202 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218202 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217863 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217863 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217863 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217706 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217706 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217706 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217496 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217496 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217496 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217701 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217701 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217701 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217698 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217698 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217698 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217595 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217595 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217595 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218198 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | TitleOther | XXXXXX | There is a outstanding judgmenet liens noted in stewart title report, however supporting document is missing. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified X open mortgage lien on the property per the Stewart Full Title Report at origination so our loan is in Xnd lien position. The judgement liens are not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218198 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218198 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217963 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217963 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217963 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217685 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217685 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX %) The loan exceeded the X.XXX % Rate Spread Home Loan threshold. The loan has an APR of XX.XXX%. The NC RSHL APR threshold is X.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217685 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217837 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217837 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217837 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217650 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217650 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217650 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218062 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | Tax Delinquency as per Stewart Title Report , Supporting Documentation is not available . XXXX County Tax Xnd half amount XX.XX Delinquent. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified no open mortgage liens per the Stewart Full Title Report at origination. The delinquent property tax is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218062 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218062 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217732 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217732 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217732 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218156 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218156 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218156 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217499 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217499 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217499 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217743 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217743 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217743 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218093 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218093 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218093 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217590 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217590 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217590 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217687 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217687 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217687 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217689 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | As per the credit report, there are X XX-day delinquencies reflected for the mortgage account XXXX, XXXX. The delinquency dates mentioned are XX/XX/XXXX. However, as per the credit attribute report and date tape, no delinquencies are reported. According to the guidelines, there should be no XX-day or greater late payments within the last X months if the FICO score is greater than XXX. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM) Per data extract, the below Experian credit attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the Experian credit attribute fields from EXPERIAN HARD CREDIT JSON file match what we have in the data extract and Credit Attributes Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> FICO X must be at least XXX (Minimum XXX for Non-Owner Occupied / Minimum XXX for loan amount > $XXX,XXX)<br> Non-Owner Occupied: FICO < XXX or > XXX<br> Loan > $XXX,XXX: FICO < XXX or > XXX<br> No mortgage XX or more days delinquent, or derogatory occurred in the last:<br> X months (FICO >= XXX): MTAXXXX > 0 AND MTAXXXX NOT IN (XX, XX, XX)<br> XX months (XXX <= FICO <= XXX): MTAXXXX > 0 AND MTAXXXX NOT IN (XX, XX, XX)<br> Orig_credit_score (column X) = XXX<br> MTAXXXX (column XX) = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217689 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217689 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218227 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218227 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218227 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217592 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217592 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217592 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218149 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218149 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218149 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217587 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217587 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217587 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217920 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | As per the credit report, there are XX-day ,XX-day, and XX–XXX-day delinquencies reflected for the mortgage account XXXX, XXXX. The delinquency dates mentioned are XX/XX/XXXX and XX/XX/XXXX. However, as per the credit attribute report and date tape, no delinquencies are reported.According to the guidelines, there should be no XX-day or greater late payments within the last X months if the FICO score is greater than XXX. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract and Credit Attributes Report in loan file, the below Experian credit attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. Per data extract, the below Experian credit attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the Experian credit attribute fields from EXPERIAN HARD CREDIT JSON file match what we have in the data extract and Credit Attributes Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> FICO X must be at least XXX (Minimum XXX for Non-Owner Occupied / Minimum XXX for loan amount > $XXX,XXX)<br> Non-Owner Occupied: FICO < XXX or > XXX<br> Loan > $XXX,XXX: FICO < XXX or > XXX<br> No mortgage XX or more days delinquent, or derogatory occurred in the last:<br> X months (FICO >= XXX): MTAXXXX > X AND MTAXXXX <= XX<br> XX months (XXX <= FICO <= XXX): MTAXXXX> X AND MTAXXXX <= XX<br> Orig_credit_score (column H) = XXX<br> MTAXXXX (column DY) = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217920 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XXX% Rate Spread Home Loan threshold. The loan has an APR of XX.XXX%. The NC RSHL APR threshold is X.XX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217920 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217806 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217806 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217806 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217638 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217638 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217638 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217846 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217846 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217846 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218215 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218215 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218215 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217784 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | As per the credit report, there are three XX-day delinquencies reflected for the mortgage account XXXX. The delinquency dates mentioned are XX/XX/XXXX. However, as per the credit attribute report and date tape, no delinquencies are reported. According to the guidelines, there should be no XX-day or greater late payments within the last X months if the FICO score is greater than XXX. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract, the below Experian credit attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the Experian credit attribute fields from EXPERIAN HARD CREDIT JSON file match what we have in the data extract and Credit Attributes Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> FICO X must be at least XXX (Minimum XXX for Non-Owner Occupied / Minimum XXX for loan amount > $XXX,XXX)<br> Non-Owner Occupied: FICO < XXX or > XXX<br> Loan > $XXX,XXX: FICO < XXX or > XXX<br> No mortgage XX or more days delinquent, or derogatory occurred in the last:<br> X months (FICO >= XXX): MTAXXXX > X AND MTAXXXX NOT IN (XX, XX, XX)<br> XX months (XXX<= FICO <= XXX): MTAXXXX > X AND MTAXXXX NOT IN (XX, XX, XX)<br> Orig_credit_score (column H) = XXX<br> MTAXXXX (column DY) = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217784 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217784 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217801 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217801 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217801 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217933 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217933 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217933 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217888 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217888 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217888 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217891 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217891 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217891 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217770 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217770 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217770 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218201 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218201 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218201 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217983 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217983 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217983 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218006 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218006 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218006 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217970 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | DelinquentTax | XXXXXX | The Stewart Title report shows that the subject property has delinquent property taxes for XXXX in the amount of XXX.XX. Therefore we require supporting documents to verify whether the borrower has paid the delinquent tax amount. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified no open mortgage liens per the Stewart Full Title Report at origination. The delinquent property tax is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with Rebuttal. Tax liens and judgement liens are not considered only open mortgage liens considered as UW guidelines**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217970 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217970 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217861 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217861 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217861 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218327 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218327 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218327 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218144 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit | XXXXXX | HELOC agreement has not been executed by the borrower. Please provide the final HELOC agreement document signed by the borrower , Which included all the fees, payoff debts at closing. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> The file "Signed-HELOC_Agreement" included in loan file is the HELOC agreement signed by primary borrower "XXXX" on X/XX/XXXX. There is no additional signer / borrower on this loan. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Document Received and exception cleared**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218144 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218144 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217670 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217670 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217670 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218178 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218178 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218178 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217840 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217840 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217840 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218314 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218314 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218314 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217513 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217513 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217513 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217634 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217634 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217634 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218294 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218294 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218294 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217702 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217702 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217702 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218179 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218179 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218179 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218021 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | As we calculated DTI is XX.XX percent due to the inclusion of the XXXX debt which has a balance of XXXXX and a monthly payment of XXX. However the underwriter omitted this debt resulting in a calculated DTI of XX.XX percent. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to justify omitting the debt. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218021 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218021 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218233 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218233 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218233 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218010 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218010 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218010 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218168 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218168 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218168 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217547 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217547 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217547 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217735 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217735 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217735 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217914 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217914 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217914 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217831 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217831 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217831 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Up Held |  |  |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218237 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218237 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218237 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218181 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218181 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218181 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217677 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217677 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217677 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217979 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217979 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217979 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217690 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217690 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217690 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218025 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218025 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218025 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218087 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | As per the Deed Agreement, the borrower's signature date is XX/XX/XXXX; however, the closing date reflected in the data tape is XX/XX/XXXX (Originated date). Please review and confirm the correct closing date, as the dates do not match. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> The deed was signed by primary borrower "XXXX" and additional signer "XXXX" on XX/XX/XXX, which corresponds to the date the RTC was provided to borrower in columns XX/XX once signing was completed. The funds were disbursed on XX/XX/XXXX per the Disbursement Timestamp (column XX) once the rescission period ended. You are verifying that the date the deed signing was completed corresponds to date RTC was provided to borrower, and that the disbursement date was after the rescission period ended per the RTC included in loan file. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218087 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218087 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217852 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217852 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217852 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217487 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217487 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217487 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218024 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218024 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XXX % Rate Spread Home Loan threshold. The loan has an APR of XX.XXX %. The NC RSHL APR threshold is X.XX %. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218024 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217772 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217772 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217772 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217541 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217541 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217541 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217708 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217708 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217708 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217498 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217498 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217498 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217962 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217962 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217962 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218270 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218270 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218270 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217665 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217665 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217665 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218302 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218302 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218302 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217989 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217989 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217989 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218089 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218089 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218089 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218129 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218129 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218129 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217785 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217785 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XX%) The loan exceeded the XX.XX% Rate Spread Home Loan threshold. The loan has an APR of XX.XX %. The NC RSHL APR threshold is 6.10 %. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217785 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217601 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217601 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217601 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218034 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218034 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XXX% Rate Spread Home Loan threshold. The loan has an APR of XX.XXX%. The NC RSHL APR threshold is X.XX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218034 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218218 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218218 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XX % Rate Spread Home Loan threshold. The loan has an APR of XX.XX %. The NC RSHL APR threshold is X.XX %. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218218 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218073 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | Heloc Agreement closing date is XX/XX/XXXX which is not matching with the data tape showing as XX/XX/XXXX | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> HELOC agreement and deed were signed by primary borrower "XXXXXX" and additional signer "XXXXXX" on XX/XX/XXXX, which corresponds to the date the RTC was provided to borrower in columns XX/XX once signing was completed. The funds were disbursed on XX/XX/XXXX per the Disbursement Timestamp (column FV) once the rescission period ended. You are verifying that the date the deed signing was completed corresponds to date RTC was provided to borrower, and that the disbursement date was after the rescission period ended per the RTC included in loan file. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218073 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218073 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217825 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217825 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217825 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218173 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218173 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218173 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217490 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217490 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217490 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218160 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218160 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218160 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217864 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217864 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217864 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218170 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218170 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218170 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218197 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218197 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218197 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218050 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218050 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218050 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217808 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217808 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217808 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217943 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217943 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217943 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218063 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | Heloc Agreement closing date is XX/XX/XXXX which is not matching with the data tape showing as XX/XX/XXXX. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> HELOC agreement and deed were signed by primary borrower "XXXXXX" and additional signer "XXXXXX" on XX/XX/XXXX, which corresponds to the date the RTC was provided to borrower in columns XX/XX once signing was completed. The funds were disbursed on X/XX/XXXX per the Disbursement Timestamp (column FV) once the rescission period ended. You are verifying that the date the deed signing was completed corresponds to date RTC was provided to borrower, and that the disbursement date was after the rescission period ended per the RTC included in loan file. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218063 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218063 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217609 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217609 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217609 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217764 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | Stewart Title is showing a lien in the amount of XX,XXX.XX. We are not able to verify as the Supporting Documentation is not available. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified X open mortgage liens per the Stewart Full Title Report at origination so our loan is in Xrd lien position. The delinquent property tax is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217764 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217764 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218165 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218165 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218165 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218095 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218095 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218095 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218136 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218136 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218136 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217887 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | As subject property is investment home provided closing date in DOT is XX/XX/XXXX not matching with Data tape origination is date XX/XX/XXXX | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> RTC not required for investment and non-owner occupied properties. Deed was signed by borrower on XX/XX/XXXX and funds were disbursed on XX/XXX /XXXX once the signed doc review was completed on XX/XX/XXXX. The disbursement timestamp (column FV) corresponds to when the loan was funded. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217887 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217887 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217889 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217889 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXX.XX which exceeds X percent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217889 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218142 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | As per the DOT, the borrower's signature date is XX/XX/XXXX; however, the closing date reflected in the data tape is XX/XX/XXXX. Please review and confirm the correct closing date, as the dates do not match. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> The deed was signed by primary borrower "XXXXXX" on XX/XX/XXXX, which corresponds to the date the RTC was provided to borrower in columns XX/XX once signing was completed. The funds were disbursed on XX/XX/XXXX per the Disbursement Timestamp (column XX) once the rescission period ended. You are verifying that the date the deed signing was completed corresponds to date RTC was provided to borrower, and that the disbursement date was after the rescission period ended per the RTC included in loan file. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218142 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218142 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217865 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217865 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217865 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217893 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217893 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217893 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217737 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217737 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217737 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218016 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218016 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218016 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218056 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218056 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218056 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218252 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218252 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218252 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217747 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217747 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217747 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218157 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218157 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218157 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217886 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Tax lien | XXXXXX | The Stewart Title report reflects three tax liens against the subject property. The first lien is from XXXXXX, recorded on XX/XX/XXXX, in the amount of $X,XXX.XX. The second lien is from XXXXXX, recorded on XX/XX/XXXX, in the amount of $XXX.XX. The third lien is also from XXXXXX, recorded on XX/XX/XXXX, in the amount of $XXX.XX. Therefore, we require supporting documentation to verify whether the borrower has paid these tax liens. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified no open mortgage liens per the Stewart Full Title Report at origination. The tax liens are not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. After additional review, the following two tax liens were paid and marked as satisifed on XX/XX/XXXX per county records (DTD-XX-XXXXXX / DTD-XX-XXXXXX). | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9217886 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217886 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218247 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218247 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218247 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217798 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217798 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217798 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218119 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218119 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218119 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217632 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217632 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217632 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217568 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217568 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217568 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217959 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217959 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XX% Rate Spread Home Loan threshold. The loan has an APR of XX.XX%. The NC RSHL APR threshold is X.XX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217959 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217947 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217947 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217947 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217484 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217484 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217484 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218167 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218167 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218167 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217511 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217511 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217511 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217802 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217802 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217802 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218206 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218206 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218206 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217674 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217674 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217674 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218325 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218325 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218325 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217718 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217718 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217718 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217969 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217969 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217969 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218033 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218033 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218033 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217899 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217899 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217899 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218039 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218039 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218039 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218164 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218164 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218164 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218015 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218015 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XXX% Rate Spread Home Loan threshold. The loan has an APR of XX.XXX %. The NC RSHL APR threshold is X.XX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218015 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217791 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217791 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217791 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Up Held |  |  |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217668 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217668 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217668 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218152 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Data Integrity | XXXXXX | As per the signed closing documents present in the file, the closing date does not match the date reflected in the data tape. Please review and confirm the correct closing date, as the dates do not match. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> The deed was signed by primary borrower "XXXXXX" on XX/XX/XXXX and the additional signer "XXXXXX" on XX/XX/XXXX, which corresponds to the date the RTC was provided to borrower in columns XX/XX once signing was completed. The funds were disbursed on XX/XX/XXXX per the Disbursement Timestamp (column XX) once the rescission period ended. You are verifying that the date the deed signing was completed corresponds to date RTC was provided to borrower, and that the disbursement date was after the rescission period ended per the RTC included in loan file. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218152 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218152 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218048 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218048 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218048 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218249 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218249 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218249 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217778 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217778 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217778 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218171 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218171 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218171 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217492 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217492 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217492 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218030 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218030 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218030 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218120 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218120 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218120 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217533 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217533 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217533 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218207 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218207 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218207 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217515 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217515 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217515 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218088 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218088 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218088 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217762 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217762 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217762 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217630 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217630 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217630 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217841 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217841 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217841 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218047 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218047 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218047 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217678 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217678 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217678 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217939 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217939 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217939 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217582 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217582 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217582 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217517 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217517 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217517 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218022 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218022 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218022 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218138 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218138 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218138 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218223 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218223 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218223 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218128 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218128 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XXX% Rate Spread Home Loan threshold. The loan has an APR of XX.XXX%. The NC RSHL APR threshold isX.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218128 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218234 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218234 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218234 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218264 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218264 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218264 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218262 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218262 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XX%) The loan exceeded theX.XXX% Rate Spread Home Loan threshold. The loan has an APR of XX.XXX%. The NC RSHL APR threshold is X.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218262 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217836 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217836 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217836 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217724 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217724 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217724 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218159 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218159 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218159 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217829 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217829 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217829 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218282 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218282 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218282 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217923 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217923 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XX% Rate Spread Home Loan threshold. The loan has an APR of XX.XX%. The NC RSHL APR threshold isX.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217923 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218153 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218153 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218153 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218273 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218273 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218273 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218228 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | TitleOther | XXXXXX | As per Stewart Title, there is a judgment lien in the amount of $X,XXX.00. Please provide supporting documents to verify the same. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified X open mortgage liens on the property per the Stewart Full Title Report at origination so our loan is in Xrd lien position. The judgement lien is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218228 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218228 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217751 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217751 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217751 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217571 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217571 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217571 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218067 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218067 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218067 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218049 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218049 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218049 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218280 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218280 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218280 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218005 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218005 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218005 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218002 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218002 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218002 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217497 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217497 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217497 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217935 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217935 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217935 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218097 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218097 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high-cost mortgage Points and Fees Threshold Test due to the Points and Fees of $X,XXX.XXwhich exceeds X percent of the total loan amount by more than $XXX.XX. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218097 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217552 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217552 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217552 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217639 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217639 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217639 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218242 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218242 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218242 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217643 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217643 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217643 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217579 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217579 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the XX nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217579 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217997 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217997 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217997 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217912 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit | XXXXXX | RTC is not applicable for investment and second home and as per DOT sign date is XX/XX/XXXX which is prior to Data tap disbursement date is XX/XX/XXXX | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> RTC not required for investment and non-owner occupied properties. Deed was signed by borrower on XX/XX/XXXX and funds were disbursed the following day on XX/XX/XXXX after signed doc review was completed. The disbursement timestamp (column FV) corresponds to when the loan was funded. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9217912 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217912 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218166 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218166 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the XX nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218166 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217519 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217519 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217519 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218283 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218283 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218283 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217940 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217940 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217940 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217641 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217641 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217641 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217567 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217567 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217567 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217676 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217676 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217676 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217715 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217715 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217715 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217508 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217508 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217508 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217834 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217834 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217834 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217734 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217734 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217734 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217525 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217525 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217525 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217666 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217666 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217666 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218205 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218205 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218205 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217716 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217716 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217716 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217648 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217648 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217648 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217692 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217692 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217692 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218107 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | As per the DOT, the closing date provided does not match the closing date reflected in the data tape. Please review and confirm the correct closing date, as the dates do not match. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> The deed was signed by primary borrower "XXXXXX" on XX/XX/XXXX and the additional signer "XXXXXX" on XX/XX/XXXX, which corresponds to the date the RTC was provided to borrower in columns XX /XX once signing was completed. The funds were disbursed on XX/XX/XXXX per the Disbursement Timestamp (column XX) once the rescission period ended. You are verifying that the date the deed signing was completed corresponds to date RTC was provided to borrower, and that the disbursement date was after the rescission period ended per the RTC included in loan file. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218107 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218107 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217752 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217752 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217752 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217746 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217746 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217746 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217545 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217545 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217545 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217612 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217612 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217612 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217605 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217605 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217605 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218329 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218329 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218329 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218241 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218241 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218241 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217921 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | Stewart Title is showing a lien in the amount of XX,XXX.XX. We are not able to verify as the Supporting Documentation is not available. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified X open mortgage liens per Experian / CoreLogic at origination so our loan is in Xnd lien position. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with rebuttal only open mortgage lien are considered from stewart title and cleared the exception.**(Resolved).** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217921 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217921 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217926 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217926 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217926 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217637 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217637 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the XX nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217637 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218261 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218261 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218261 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217945 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217945 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217945 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218322 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218322 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218322 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217503 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217503 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217503 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217506 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217506 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217506 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217835 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217835 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217835 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218052 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218052 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218052 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217703 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217703 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217703 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218296 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218296 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218296 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218199 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218199 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218199 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217957 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217957 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217957 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218324 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218324 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218324 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218125 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218125 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218125 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217575 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217575 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217575 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218315 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218315 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218315 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217913 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217913 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217913 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217819 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217819 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217819 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218240 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218240 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218240 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217796 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217796 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217796 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218012 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218012 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218012 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217775 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217775 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217775 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217588 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217588 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217588 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218075 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | Taxes are Delinquent by XX/XX,/XXXX current total amount due XXXXX.XX, Supporting Documentation required | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan, this loan followed lien matching path X which identified X open mortgage liens per the Stewart Full Title Report at origination so our loan is in Xnd lien position. The delinquent property tax is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218075 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218075 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218293 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The UW-calculated DTI is XX.XX%, whereas our calculated DTI is XX.XX%, due to the inclusion of the XXXX, XXXXdebt, which has a balance of $XX,XXX and a monthly payment of $XXX. The UW excluded this debt from the DTI calculation. As per guidelines, the maximum allowable DTI is XX%. Therefore, supporting documentation is required to omit this debt; otherwise, the loan will be considered ineligible. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9218293 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218293 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218212 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218212 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218212 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217578 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217578 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217578 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217482 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217482 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217482 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217820 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217820 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217820 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217697 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217697 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217697 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217976 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217976 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217976 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218080 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | As per the Deed Agreement, the borrower's signature date is XX/XX/XXXX; however, the closing date reflected in the data tape is XX/XX/XXXX(Originated date). Please review and confirm the correct closing date, as the dates do not match. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> The deed was signed by primary borrower "XXXXXX" on XX/XX/XXXX, which corresponds to the date the RTC was provided to borrower in columns XX / XX once signing was completed. The funds were disbursed on XX/XX/XXXX per the Disbursement Timestamp (column XX) once the rescission period ended. You are verifying that the date the deed signing was completed corresponds to date RTC was provided to borrower, and that the disbursement date was after the rescission period ended per the RTC included in loan file. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218080 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the XX nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218080 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217815 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217815 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217815 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217982 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217982 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217982 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217879 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217879 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217879 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218256 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218256 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218256 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217826 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217826 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217826 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217848 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | The installment account XXXX balance $XX,XXX, monthly payment not showing in credit report. These accounts were required to be included in the liability calculation. Note: this lien monthly payment not included into DTI as per Data tap. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXX attribute fields fromXXXXX JSON file match what we have in the data extract and XXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9217848 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217848 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217855 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | The provided credit report reflects that the borrower made three inquiries in the lastXX months: the first inquiry by XXXXXX on XX/XX/XXXX, the second by XXXXXX on XX/XX/XXXX, and the third by XXXXXX on XX/XX/XXXX. As per guidelines, for loans that are not affiliated with Even Financial, Self-Employed, or Full-Time borrowers, and where the Figure lien position is greater than X, the loan must be declined if the FICO score is between XXX and XXX, the overall utilization rate on open trades reported in the last six months is between XX% and XXX%, and the total number of inquiries in the last three months exceeds one. In this case, the borrower is XXXXXX, has a FICO score of XXX, a utilization rate of XX%, and three inquiries in the last XXXX months. Therefore, the loan is considered ineligible. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract, the below Experian credit attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the Experian credit attribute fields from EXPERIAN HARD CREDIT JSON file match what we have in the data extract and Credit Attributes Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> Orig_credit_score (column X) = XXX<br> Employment_Status (column XX) = XXXX<br> Lien_Position_Granular (column XX) = X<br> ALLXXXX (column XX) = X.XX<br> IQTXXXX (column XX) = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9217855 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217855 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218162 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218162 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218162 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218053 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218053 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218053 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217622 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217622 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217622 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218112 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218112 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218112 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218257 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218257 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218257 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218183 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218183 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218183 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218230 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218230 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218230 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218148 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218148 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218148 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217748 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217748 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217748 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217919 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217919 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217919 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217760 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217760 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the XX nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217760 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217712 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217712 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217712 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217869 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217869 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217869 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217805 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The calculated DTI is XX% due to the inclusion of the XXXXXX, #XXXXdebt which has a balance of $XXXXXand a monthly payment of $XXX. However the UW omitted this debt resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to omit the debt. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217805 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217805 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218161 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218161 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218161 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217493 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217493 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217493 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217792 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217792 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217792 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217948 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217948 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217948 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217516 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217516 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217516 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217850 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217850 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217850 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218268 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218268 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218268 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218098 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218098 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218098 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217730 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217730 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217730 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217629 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Findings | XXXXXX | No finding | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> No finding | **Response 1 (X/XX/XXXX X:XX PM)**<br> No finding**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217629 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217629 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217558 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | The provided credit report reflects that the borrower made three inquiries in the last three months: the first inquiry by XXXXXX on XX/XX/XXXX, the second by XXXXXX on XX/XX/XXX, the third by XXXXXX on XX/XX/XXXX, The fourth by XXXXXX on XX/XX/XXXXand the fifth by XXXXXX on XX/XX/XXXX. As per guidelines, for loans that are not affiliated with Even Financial, Self-Employed, or Full-Time borrowers, and where the Figure lien position is greater thanX, the loan must be declined if the FICO score is between XXX and XXX, the overall utilization rate on open trades reported in the last X months is between XX% and XXX%, and the total number of inquiries in the last XXXX months exceeds XX. In this case, the borrower is XXXXXX, has a FICO score of XXX, a utilization rate of XX%, and three inquiries in the last XXXX months. Therefore, the loan is considered ineligible. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract, the below XXXXXX attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the XXXXXX attribute fields from XXXXXX JSON file match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> Orig_credit_score (column X) = XXX<br> Employment_Status (column XX) = Full_Time<br> Lien_Position_Granular (column XX) = X<br> ALLXXXX (column XX) = X.XX<br> IQTXXXX (column XX) = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9217558 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217558 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218150 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218150 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218150 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217946 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217946 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217946 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217975 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217975 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217975 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217797 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217797 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217797 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218269 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218269 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218269 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217720 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217720 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217720 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218077 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | Final HELOC agreement is missing in the file. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> The file "X-XXXXX-XXXX ACK HA" included in the loan file is the signed HELOC agreement executed by primary borrower "XXXXXX" and acknowledged by additional signer "XXXXXX" on XX/XX/XXXX. The HELOC agreement is tied to primary borrower and acknowledged by additional signer while the security instrument references both primary borrower and additional signer based on current vested ownership in property. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Document Received and exception cleared**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218077 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218077 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218043 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218043 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218043 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217651 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217651 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217651 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217741 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217741 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the X.XXX% Rate Spread Home Loan threshold. The loan has an APR of XX.XX%. The NC RSHL APR threshold is X.XXX %. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217741 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217646 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217646 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217646 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218014 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218014 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218014 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218229 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218229 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218229 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217625 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217625 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217625 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218191 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218191 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218191 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217918 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217918 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217918 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218000 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218000 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218000 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217793 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217793 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217793 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218042 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218042 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218042 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217521 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217521 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217521 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218158 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218158 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218158 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218070 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218070 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. X.XXX%) The loan exceeded the XX.XXX% Rate Spread Home Loan threshold. The loan has an APR of XX.XXX%. The NC RSHL APR threshold is X.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218070 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217585 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217585 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217585 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218126 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218126 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded theXX.XX% Rate Spread Home Loan threshold. The loan has an APR of XX.XX%. The NC RSHL APR threshold is X.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218126 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217529 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217529 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217529 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218066 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218066 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218066 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217569 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217569 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217569 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217621 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217621 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217621 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217645 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217645 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217645 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218188 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218188 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218188 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218214 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218214 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded theX.XXX Rate Spread Home Loan threshold The loan has an APR of XX.XXX The NC RSHL APR threshold is X.XXThe loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218214 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218145 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218145 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218145 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217491 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217491 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217491 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218192 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218192 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218192 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218204 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218204 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218204 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217984 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | As per the credit report, there are XXXX XX-day delinquencies reflected for the mortgage account XXXX, XXXX. The delinquency dates mentioned are XX/XX/XXXX. However, as per the credit attribute report and date tape, no delinquencies are reported. According to the guidelines, there should be no XX-day or greater late payments within the last X months if the FICO score is greater than XXX. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract, the below Experian credit attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the Experian credit attribute fields from EXPERIAN HARD CREDIT JSON file match what we have in the data extract and Credit Attributes Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> FICO X must be at least XXX (Minimum XXX for Non-Owner Occupied / Minimum XXX for loan amount > $XXX,XXX)<br> Non-Owner Occupied: FICO < XXX or > XXX<br> Loan > $XXX,XXX: FICO < XXX or > XXX<br> No mortgage XX or more days delinquent, or derogatory occurred in the last:<br> X months (FICO >= XXX): MTAXXXX > X AND MTAXXXX <= XX<br> XX months (XXX <= FICO <= XXX): MTAXXXX > X AND MTAXXXX <= XX<br> Orig_credit_score (colum X) = XXX<br> MTAXXXX (column XX) = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217984 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217984 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217546 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217546 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217546 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217860 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217860 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217860 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217809 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217809 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217809 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217936 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217936 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217936 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217481 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217481 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217481 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218008 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218008 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218008 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218304 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218304 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded the X.XXX Rate Spread Home Loan threshold The loan has an APR of X.XXX The NC RSHL APR threshold is X.XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218304 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217862 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217862 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217862 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218213 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218213 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218213 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218122 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218122 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218122 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217742 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217742 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217742 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217880 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217880 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217880 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217977 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | Senior lien amount not matching with Data tape an Lien breakdown document. As per data tape senior lien amount is XXX,XXXand infile provided Lien breakdown document showing senior lien amount XXX,XXX.XX | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Based on review, this loan used lien path X in our lien matching process that uses the lien balances from XXXXXX and XXXXXX for matching. Per the Lien Breakdown PDF included in the loan file the remaining balance on the senior lien is XXX,XXX.XX. Looking at the CoreLogic data there is also X HUD liens that are being factored in here. One for X,XXX.XX and one for XX,XXX.XX which are being included in the overall senior lien amount provided on the data extract. Per the UW guidelines HUD liens are not factored into the lien position which is why they are not displayed on the Liens Breakdown file, but they are being factored into the CLTV calculation. Since the amount being used in the calculation is correct per our UW guidelines, this one should not be flagged for exception in our opinion.<br> CoreLogic Senior Lien Balance = XXX,XXX.XX<br> HUD Liens = (X,XXX.XX + XX,XXX.XX) = XX,XXX.XX<br> Senior Lien Amount = (XXX,XXX.XX + XX,XXX.XX) = XXX,XXX.XX<br> Original Loan Amount (Figure) = XX,XXX.XX<br> Property Value = XXX,XXX.XX<br> CLTV = (XXX,XXX.XX+ XX,XXX.XX) / XXX,XXX.XX = XX.XX% | **Response 1 (X/XX/XXXX X:XX PM)**<br> As per data tape , Total previous lien amount of $XXXXXX but lien breakdown shows $XXX,XXX.00. Data tape need to be corrected (XX/XX/XXXX).**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9217977 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217977 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218203 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218203 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218203 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217845 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217845 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217845 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218300 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218300 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218300 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218279 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218279 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218279 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217514 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217514 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217514 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218163 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218163 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218163 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217624 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217624 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217624 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217885 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217885 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217885 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218313 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218313 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218313 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217838 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217838 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217838 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218003 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218003 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218003 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217664 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217664 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XXX % Rate Spread Home Loan threshold. The loan has an APR of XX.XXX %. The NC RSHL APR threshold is X.XX %. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217664 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217593 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217593 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217593 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218298 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218298 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218298 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217642 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217642 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217642 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217816 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217816 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217816 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217906 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217906 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217906 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217882 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217882 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217882 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217570 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217570 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217570 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217901 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217901 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217901 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217871 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | The provided credit report reflects that the borrower made three inquiries in the last XXXX months: the XX inquiry by XXXXXX on XX/XX/XXXX, the second by XXXXXX on XX/XX/XXXX, and the third by XXXXXX on XX/XX/XXXX. As per guidelines, for loans that are not affiliated with Even Financial, Self-Employed, or Full-Time borrowers, and where the Figure lien position is greater than X, the loan must be declined if the FICO score is between XXXand XXX, the overall utilization rate on open trades reported in the last XXXX months is between XX% and XXX%, and the total number of inquiries in the last XX months exceeds one. In this case, the borrower is XX, has a FICO score of XXX, a utilization rate of XX%, and three inquiries in the last XXXX months. Therefore, the loan is considered ineligible | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract, the below Experian credit attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the Experian credit attribute fields from EXPERIAN HARD CREDIT JSON file match what we have in the data extract and Credit Attributes Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> FICO X must be at least XXX (Minimum XXX for Non-Owner Occupied / Minimum XXX for loan amount > $XXX,XXX)<br> Non-Owner Occupied: FICO < XXX or > XXX<br> Loan > $XXX,XXX: FICO < XXX or > XXX<br> No mortgage XX or more days delinquent, or derogatory occurred in the last:<br> X months (FICO >= XXX): MTAXXXX > X AND MTAXXXX <= XX<br> XX months (XXX <= FICO <= XXX): MTAXXXX > X AND MTAXXXX <= XX<br> Orig_credit_score (column H) = XXX<br> MTAXXXX (column DY) = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9217871 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217871 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218185 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218185 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218185 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218020 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218020 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218020 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218172 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218172 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218172 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218143 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218143 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218143 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218326 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218326 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218326 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218035 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218035 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218035 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218310 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218310 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XXX % Rate Spread Home Loan threshold. The loan has an APR of XX.XXX %. The NC RSHL APR threshold is X.XX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218310 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218091 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218091 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218091 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218174 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218174 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218174 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217872 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217872 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217872 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218225 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218225 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218225 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218007 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218007 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218007 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217653 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217653 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217653 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217794 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217794 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217794 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217553 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217553 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217553 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218232 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218232 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218232 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218072 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218072 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218072 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218292 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218292 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218292 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217990 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217990 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217990 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217658 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217658 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217658 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218130 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218130 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218130 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217486 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217486 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217486 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217527 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217527 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217527 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218221 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218221 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218221 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218114 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218114 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XX%) The loan exceeded the 13.850% Rate Spread Home Loan threshold. The loan has an APR of XX.XXX%. The NC RSHL APR threshold is X.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218114 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218285 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218285 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218285 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217980 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217980 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217980 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217907 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217907 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217907 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218106 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218106 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218106 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217476 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Missing documents | XXXXXX | The underwriter usedXXXX and XXXX income for qualification. We have the XXXX; however, the XXXXXX is missing from the file. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Both borrowers provided XXXX letters, see attached for the additional SSA letter for borrower XXXXXX.<br> XXXX = X,XXX.XX \*XX = XX,XXX.XX<br> XXXX = X,XXX.XX \* XX = XX,XXX.XX<br> Borrower_Income_UW = XX,XXX.XX + XX,XXX.XX = XX,XXX.XX | **Response 1 (X/XX/XXXX X:XX PM)**<br> Document received and exception cleared.**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217476 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217476 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218060 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218060 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test The loan is a nonprime home loan as defined in the legislation The loan is a compliant HPML Prepayment and Appraisal requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218060 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217610 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | As per the data tape installment account balance considered is $XXXhowever in credit report there is another installment account XXXXXX with balance of $XXXXand payment $XXXwhich is not included in DTI calculation. Due to which DTI changes from XX.XX% to XX.XX% | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX attribute fields from XXXXXX JSON file match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217610 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217610 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217475 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217475 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217475 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217812 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217812 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217812 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217627 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217627 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217627 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217523 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217523 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217523 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217821 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217821 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217821 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218115 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218115 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218115 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217881 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217881 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217881 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217512 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217512 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217512 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217520 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217520 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217520 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217857 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217857 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217857 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217672 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217672 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217672 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217763 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217763 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217763 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217479 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217479 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217479 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218092 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | As per the DOT, the borrower's signature date is XX/XX/XXXX; however, the closing date reflected in the data tape is XX/XX/XXXX(Originated date). Please review and confirm the correct closing date, as the dates do not match. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> The deed was signed by primary borrower "XXXXXX" on XX/XX/XXXX and the additional signer "XXXXXX" on XX/XX/XXXX. The funds were disbursed the following day on XX/XX/XXXX per the Disbursement Timestamp (column XX). As this was a "XXXXXX" per the occupancy_type (column AF) there is no rescission period required. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218092 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218092 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217843 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217843 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217843 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218102 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218102 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218102 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217505 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217505 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217505 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218317 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218317 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218317 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217892 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217892 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217892 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217686 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217686 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217686 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218258 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218258 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218258 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218044 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218044 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218044 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217583 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217583 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217583 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218303 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218303 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218303 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217868 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217868 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217868 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217953 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217953 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217953 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218297 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218297 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218297 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217780 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217780 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217780 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218251 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218251 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218251 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218133 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218133 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218133 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217839 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217839 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217839 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217600 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217600 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217600 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217659 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217659 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217659 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218226 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218226 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218226 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217789 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217789 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217789 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217556 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217556 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217556 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218323 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit Report | XXXXXX | The credit report reflects XXXXXX #XXXX with a balance of $XX,XXXand a monthly payment of $XXX, and it is also noted as "Foreclosure proceedings started." The account type is listed as Collection account. As per guidelines, no non-medical collections with a balance greater than $XXX are allowed, and there should be no "worst ever" status on any trade within the last XXmonths, including non-medical collections. Therefore, the loan is considered ineligible. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract, the below Experian credit attribute fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the Experian credit attribute fields from EXPERIAN HARD CREDIT JSON file match what we have in the data extract and Credit Attributes Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> No non-medical collections with a balance >$XXX:<br> COLXXXX > X AND <= XX<br> Worst ever status on a trade in the last XX<br> months including non-medical collections:<br> ALMXXXX >= XX AND <= XXX<br> COLXXXX = X<br> ALMXXXX = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9218323 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218323 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217675 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217675 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217675 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217958 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217958 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217958 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217967 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217967 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217967 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217859 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217859 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217859 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217961 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217961 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217961 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217925 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217925 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217925 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217733 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217733 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217733 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218177 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218177 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218177 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218220 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218220 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218220 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218013 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218013 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218013 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217866 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217866 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217866 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218305 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218305 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218305 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217606 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217606 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217606 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217485 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217485 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217485 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217978 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217978 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217978 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217910 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217910 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded the X.XXXRate Spread Home Loan threshold The loan has an APR of XX.XXX The NC RSHL APR threshold is X.XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217910 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217655 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217655 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage points and fees threshold test due to the points and fees of XXXX which exceeds Xpercent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217655 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217804 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217804 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217804 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218210 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218210 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218210 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217478 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217478 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217478 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217654 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217654 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217654 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217931 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217931 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217931 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217917 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217917 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the X.XXX% Rate Spread Home Loan threshold. The loan has an APR of XX.XXX%. The NC RSHL APR threshold is X.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217917 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218307 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218307 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218307 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217942 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217942 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217942 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217504 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217504 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217504 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218009 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218009 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218009 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218084 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Judgement Docs | XXXXXX | The provided Stewart Title report reflects that the borrower has a judgment in the amount of $X,XXX.XXXin favor of XXXX, dated XX/XX/XXXX. Therefore, we require supporting documentation to confirm whether the judgment has been satisfied | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified X open mortgage lien on the property per the Stewart Full Title Report at origination so our loan is in Xrd lien position. The default judgement is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218084 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218084 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217471 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217471 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217471 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217903 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217903 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217903 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217853 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217853 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217853 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218311 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218311 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218311 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217828 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217828 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217828 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217759 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217759 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217759 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217618 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217618 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217618 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218295 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218295 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218295 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217619 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217619 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217619 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217560 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217560 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217560 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217699 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217699 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217699 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217904 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217904 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217904 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218134 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218134 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218134 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217844 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217844 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high-cost mortgage Points and Fees Threshold Test due to the Points and Fees of XXXX.XX which exceeds X percent of the total loan amount by more than $XX.XX. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217844 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218055 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218055 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218055 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218309 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218309 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218309 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217696 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217696 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217696 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217501 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217501 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217501 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217710 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217710 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217710 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218175 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218175 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218175 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218319 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218319 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218319 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217722 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217722 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217722 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218146 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218146 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218146 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217767 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217767 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217767 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218121 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | As per VSI calculation, the DTI is XX.XX%, Data tap reflects DTI is XX.XX%.Note: As pe our calculation total monthly payment is X,XXX.XX, however in data tap showing total monthly payment X,XXX.XX. missed to add XXXX to DEBT calculation in the amount of $XXXX account no XXXXXXXX | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218121 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218121 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218118 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218118 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218118 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218028 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218028 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218028 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218109 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218109 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218109 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217999 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217999 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217999 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217566 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217566 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217566 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217540 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217540 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217540 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217721 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217721 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217721 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217894 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217894 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217894 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217966 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217966 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217966 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217531 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217531 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217531 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218193 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | As per Data tape the total monthly liabilities is $XXXXX by exculding XXXXXX with a balance & payment of $XXX Payoff proof is not provided hence including the payment in liabilities DTI changes from XX.XX% to XX.XX%. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218193 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218193 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217799 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217799 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217799 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218094 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218094 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218094 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218217 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218217 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218217 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218231 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218231 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218231 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218032 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218032 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218032 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217993 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217993 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217993 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217594 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217594 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217594 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217929 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217929 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217929 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217472 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217472 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217472 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217695 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217695 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217695 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218076 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218076 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218076 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217814 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217814 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217814 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218169 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218169 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218169 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217992 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217992 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217992 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218281 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218281 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218281 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217550 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217550 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217550 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218250 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218250 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218250 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218318 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218318 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218318 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217500 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217500 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217500 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217611 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | """The provided credit report reflects that the borrower made XXXX inquiries in the last three months: the XXXX inquiry by XXXX on XX/XX/XXXX, the second by XXXXXX on XX/XX/XXXX, and the third by XXXXXX on XX/XX/XXXXand fourth one on XXXXXX on XX/XX/XXXX. As per guidelines, For employment type is full-time, and Figure lien position greater than X, and FICOXX between XXXand XXX, and overall utilization rate on open trades reported in the last X months between XX% and XXX%, and total number of inquiries made in the last X months exceed X, decline. In this case, the borrower is Full time employee, has a FICO score of XXX, a utilization rate of XX%, and Four inquiries in the last XXXX months. Therefore, the loan is considered ineligible" and "The calculated DTI is XX.XX% due to the inclusion of the XXXX #XXXX debt, which has a balance of $XX,XXXand a monthly payment of $XXX. However, the UW omitted this debt, resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit, supporting documentation is required to omit the debt." | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract, the below XXXXXX fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying theXXXXXX fields from XXXXXX file match what we have in the data extract and XXXXXX in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> Orig_credit_score (column X) = XXX<br> Employment_Status (column XX) = Full_Time<br> Lien_Position_Granular (column XX) = X<br> ALLXXXX (column XX) = X.XX<br> IQTXXXX (column XX) = X<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX% | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9217611 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217611 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217640 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217640 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217640 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218117 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218117 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218117 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217597 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217597 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217597 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217995 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217995 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217995 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217756 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217756 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217756 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218287 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218287 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218287 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217867 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217867 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217867 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217739 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217739 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage Points and Fees Threshold Test due to the Points and Fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217739 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218208 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218208 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218208 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217854 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217854 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded the X.XXX Rate Spread Home Loan threshold The loan has an APR of XX.XX The NC RSHL APR threshold is X.XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217854 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217602 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217602 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217602 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218238 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218238 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218238 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217572 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217572 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217572 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217876 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217876 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217876 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218105 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218105 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218105 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217822 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217822 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217822 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217896 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217896 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217896 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217537 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217537 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217537 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218288 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218288 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218288 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218147 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218147 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218147 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218187 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218187 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218187 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217824 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217824 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217824 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217680 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217680 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217680 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217684 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217684 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X XXX The loan exceeded the X XXX Rate Spread Home Loan threshold The loan has an APR of XX XXX The NC RSHL APR threshold is X XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217684 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217974 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217974 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217974 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217954 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | As per the ASF data, the total liability is $X,XXX.XX. However, upon recalculation, the total liability is $X,XXX.XX. The XXXX auto loan account appears to have been omitted, and there is no supporting documentation for this account in the file. When the XXXX monthly payment of $XXXis included, the DTI increases fromXX.XX% to XX.XX% | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217954 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217954 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217883 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217883 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217883 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217817 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217817 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217817 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217489 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217489 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217489 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218330 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218330 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218330 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218275 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The Stewart Title report reflects that the subject property has a XXXX for Yendo Inc., secured on XX/XX/XXXX. Therefore, we require supporting documentation to confirm whether the borrower has paid off the XXXX or not. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified no open mortgage liens per the Stewart Full Title Report at origination. The UCC lien is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. A corresponding UCC lien termination was also recorded with county on XX/XX/XXXX on this lien for reference. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with Rebuttal. UCC liens are not considered only open mortgage liens considered as UW guidelines**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218275 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218275 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217530 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217530 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217530 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217787 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217787 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217787 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217473 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217473 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217473 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218029 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218029 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218029 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217934 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217934 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217934 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218108 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218108 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218108 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217723 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217723 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217723 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218057 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218057 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218057 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217507 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217507 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217507 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218086 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218086 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218086 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217753 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217753 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217753 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218299 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218299 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218299 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218045 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218045 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218045 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218284 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218284 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218284 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217749 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217749 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217749 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217536 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217536 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217536 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217480 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217480 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217480 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217573 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217573 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217573 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217973 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217973 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage Points and Fees Threshold Test due to the Points and Fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217973 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218263 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218263 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218263 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217581 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217581 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217581 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217938 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217938 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217938 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217636 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217636 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217636 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218019 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218019 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded the X.XXX Rate Spread Home Loan threshold The loan has an APR of XX.XXX The NC RSHL APR threshold is X.XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218019 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217524 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217524 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217524 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217738 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217738 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217738 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217561 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217561 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217561 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217608 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217608 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217608 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217811 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217811 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded the X.XXX Rate Spread Home Loan threshold The loan has an APR of XX.XXX The NC RSHL APR threshold is X.XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217811 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218031 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218031 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218031 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217681 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217681 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217681 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217656 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217656 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217656 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217788 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217788 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217788 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217803 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217803 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217803 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218224 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218224 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218224 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217965 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217965 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217965 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218155 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218155 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218155 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218211 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | Stewart Title is showing a lien in the amount of XXXX.XX. No supporting documents were provided in the loan file to verify this lien | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified no open mortgage liens per the Stewart Full Title Report at origination. The judgement lien in question to Platinum Financial Services Corp is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218211 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218211 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217941 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217941 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217941 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217509 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217509 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217509 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218334 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218334 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218334 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217783 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217783 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217783 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217858 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | As per the data tape, the total liability is $X,XXX.XXand the DTI is XX.XX%. However, after recalculation, the total liability is $X,XXX.XX. Due to this discrepancy in liabilities, the DTI increases from XX.XX% to XX.XX%. Note: The student loan has a current balance of $XXX,XXXwith a $X monthly payment; however, X.X% of the balance was used to calculate the monthly payment as there is no supporting documentation to justify omitting the student loan payment. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217858 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded the X.XXX Rate Spread Home Loan threshold The loan has an APR of XX.XXX The NC RSHL APR threshold is X.XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217858 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217510 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217510 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217510 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217911 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217911 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217911 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217928 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217928 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217928 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217988 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217988 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217988 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217495 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217495 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217495 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218331 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218331 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218331 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218246 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218246 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218246 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218103 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218103 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218103 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217909 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217909 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217909 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218046 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218046 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218046 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218244 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218244 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218244 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218127 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218127 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218127 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217915 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217915 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217915 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217526 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217526 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217526 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217810 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217810 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217810 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217895 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217895 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217895 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217688 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217688 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217688 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218140 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218140 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218140 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217790 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217790 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217790 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217544 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217544 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217544 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217589 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217589 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high-cost mortgage Points and Fees Threshold Test due to the Points and Fees of $X,XXX which exceeds X percent of the total loan amount by more than $XXX.XX. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217589 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217745 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217745 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217745 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217717 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217717 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217717 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217981 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217981 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217981 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217800 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217800 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217800 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218186 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218186 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218186 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217709 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217709 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217709 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217711 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217711 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217711 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217477 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217477 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217477 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217543 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217543 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217543 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218222 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218222 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218222 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217631 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217631 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217631 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217768 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217768 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217768 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218243 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218243 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218243 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217955 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217955 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217955 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217908 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217908 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217908 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217766 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217766 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217766 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217518 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217518 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217518 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217623 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217623 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217623 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217576 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Credit | XXXXXX | The provided credit report reflects that the borrower made two inquiries in the last XX months: the XX inquiry by XXXXXX on XX/XX/XXXXand the second by XXXX on XX/XX/XXXX. As per guidelines, for loans that are not affiliated with Even Financial, self employed, or full time borrowers, and where the Figure lien position is greater than one, the loan must be declined if the FICO score is between XXXand XXX, the overall utilization rate on open trades reported in the last XXXX months is between XXpercent and XXXpercent, and the total number of inquiries in the last XXXX months exceeds one. In this case, the borrower is retired, has a FICO score of XXX, a utilization rate of XXpercent, and XX inquiries in the last XXXX months. Therefore, the loan is considered ineligible. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per data extract, the below XXXXXX fields used in hard knockouts in the UW guidelines included in the loan file had below values. Loan is eligible based on these values. You are verifying the Experian credit attribute fields from XXXXXX JSON file match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to determine loan eligibility knockouts according to UW guidlines. You are not re-calculating anything yourself using the raw JSON data.<br> Orig_credit_score (column X) = XXX<br> Employment_Status (column XX) = Retired<br> Lien_Position_Granular (column XX) = X<br> ALL7110 (column XX) = X.XX<br> IQT9415 (column XX) = X | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217576 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217576 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218104 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218104 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218104 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217986 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | TitleOther | XXXXXX | Tax Delinquency as per Stewart Title Report of XXXX.XX, Proof of Payment is not available | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified no open mortgage liens per the Stewart Full Title Report at origination. The delinquent property tax is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217986 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217986 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217728 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Mortgage statement | XXXXXX | The subject property is a refinance of an XXXXXX; however, the borrower's XXXXXX information and related liabilities cannot be verified. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> The loan file includes a signed application summary disclosure where borrower states this is an investment property. Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path XX which identified no open mortgage liens at origination in each data source. Per data extract, we are treating this as a Xst lien based on that as no other liens were identified. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217728 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217728 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217924 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217924 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217924 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217736 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217736 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217736 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218041 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | As we calculated DTI is XX.XX percent due to the inclusion of the XXXXXX debt which has a balance of XXXXX and a monthly payment of XXX. However the underwriter omitted this debt resulting in a calculated DTI of XX.XX percent. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to justify omitting the debt. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218041 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218041 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217620 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217620 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217620 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217662 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217662 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217662 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217944 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217944 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217944 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217830 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217830 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217830 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217807 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217807 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217807 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218255 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218255 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218255 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217626 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217626 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217626 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217628 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The Stewart Title report reflects a utility lien against the subject property from XXXX, recorded on XX/XX/XXXX, in the amount of $XXXX. Therefore, supporting documentation is required to confirm whether the borrower has satisfied this utility lien. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Per the Liens_Breakdown PDF included in loan file, this loan followed lien matching path X which identified X open mortgage lien on the property per the Stewart Full Title Report at origination so our loan is in Xnd lien position. The tax lien is not being considered, only open mortgage liens on the property based on UW guidelines. Based on that this loan followed our UWG. After additional review, borrower has agreed to installment payments on this utility lien balance with the city. This installment agreement was recorded X/XX/XXXX. Lien will be released once installment payments are satisfied. Uploaded copy of installment agreement for reference. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with Rebuttal. Tax liens and judgement liens are not considered only open mortgage liens considered as UW guidelines**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217628 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217628 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217774 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217774 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217774 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218051 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218051 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218051 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218071 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218071 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218071 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217744 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217744 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217744 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217755 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217755 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217755 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218271 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218271 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218271 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218027 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218027 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218027 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218037 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218037 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded the X.XXX Rate Spread Home Loan threshold The loan has an APR of XX.XXX The NC RSHL APR threshold is X.XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218037 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217874 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217874 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217874 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218040 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218040 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218040 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217813 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217813 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217813 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217644 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217644 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217644 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218111 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218111 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218111 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217551 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217551 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217551 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218079 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218079 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XXX% Rate Spread Home Loan threshold. The loan has an APR of XX.XXX%. The NC RSHL APR threshold is X.XXX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218079 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218096 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218096 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high-cost mortgage Points and Fees Threshold Test due to the Points and Fees of $XXXX.XX which exceeds X percent of the total loan amount by more than $XXX.XX. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218096 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217633 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217633 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217633 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217754 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217754 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217754 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218253 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218253 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218253 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217776 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217776 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217776 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217584 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217584 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217584 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217991 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217991 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217991 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217731 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217731 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217731 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217539 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217539 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217539 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217905 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217905 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217905 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218058 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218058 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218058 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218200 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218200 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded the X.XXX Rate Spread Home Loan threshold The loan has an APR of XX.XXX The NC RSHL APR threshold is X.XXX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218200 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217771 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217771 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage Points and Fees Threshold Test due to the Points and Fees of XXXX which exceeds X percent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217771 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218023 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218023 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218023 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218124 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218124 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218124 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218139 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218139 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218139 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218180 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218180 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218180 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217661 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217661 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217661 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218069 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218069 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218069 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217564 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217564 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217564 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217474 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217474 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217474 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217542 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The calculated DTI is XX.XX% due to the inclusion of the XXXXXX #XXXX debt, which has a balance of $XXXX and a monthly payment of $XXX. However, the UW omitted this debt, resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit, supporting documentation is required to omit the debt. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9217542 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217542 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218141 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218141 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218141 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217833 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217833 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test X.XXX The loan exceeded the X.XXX Rate Spread Home Loan threshold The loan has an APR of XX.XX The NC RSHL APR threshold is X.XX The loan is a compliant HPML Appraisal and prepayment requirements have been met | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217833 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218038 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218038 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218038 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218216 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218216 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218216 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218083 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218083 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218083 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218176 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218176 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218176 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218182 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218182 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218182 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217972 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217972 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage Points and Fees Threshold Test due to the Points and Fees of XXXX.X which exceeds X percent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217972 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218321 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218321 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218321 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217842 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217842 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217842 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218131 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218131 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218131 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218289 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The calculated DTI is XX.XX% due to the inclusion of the XXXX debt which has a balance of $XXXX and a monthly payment of $XXX. However the UW omitted this debt resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to omit the debt. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9218289 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218289 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217574 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217574 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217574 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218135 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218135 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218135 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217532 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217532 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217532 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217884 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217884 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217884 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218100 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218100 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218100 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217657 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217657 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217657 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217557 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217557 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217557 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218209 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218209 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218209 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218290 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218290 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218290 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217691 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217691 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217691 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217890 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | As per ASF Data tape total liability is XXXXXX, whereas per credit report student loan balance XXXX is present with X payment, however considering XX percentage of balance as monthly payment. DTI increases from XX.XX percent to XX.XX percent. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217890 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217890 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217877 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217877 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217877 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217769 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217769 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217769 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218137 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218137 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218137 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218011 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218011 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218011 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218190 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218190 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218190 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218274 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218274 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high-cost mortgage Points and Fees Threshold Test due to the Points and Fees of $XXXX.XX which exceeds X percent of the total loan amount by more than $XXX.XX. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218274 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218017 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218017 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218017 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217683 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217683 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217683 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217502 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217502 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217502 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218036 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218036 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218036 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217693 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217693 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217693 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217930 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217930 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217930 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217565 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217565 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217565 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217773 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217773 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217773 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218320 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The calculated DTI is XX.XX% due to the inclusion of the XXXXXX debt which has a balance of $XXXX and a monthly payment of $XXX. However the UW omitted this debt resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to omit the debt. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9218320 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX %) The loan exceeded the X.XX % Rate Spread Home Loan threshold. The loan has an APR of XX.XXX %. The NC RSHL APR threshold is X.XX %. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218320 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218081 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218081 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218081 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218248 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218248 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218248 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218113 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218113 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218113 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218265 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218265 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218265 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217856 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217856 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217856 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218132 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218132 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218132 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217714 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217714 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217714 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217786 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217786 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217786 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218068 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218068 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218068 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217563 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217563 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217563 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218291 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218291 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218291 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217663 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217663 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217663 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218272 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | As subject property is investment provided closing date in DOT is XX/XX/XXXX not matching with Data tape origination is date XX/XX/XXXX | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> RTC not required for investment and non-owner occupied properties. Deed was signed by borrower on X/X/XXXX and funds were disbursed on X/X/XXXX once the signed doc review was completed on X/X/XXXX. The disbursement timestamp (column XX) corresponds to when the loan was funded. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 2 | 1 | 2 | 1 |
|  XXXXXX | 9218272 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218272 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217682 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217682 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217682 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218189 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218189 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218189 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218001 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218001 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218001 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218074 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The UW-calculated DTI is XX.XX%, whereas our calculated DTI is XX.XX% due to the inclusion of the "XXXXXX #XXXX" debt, which has a balance of $XXXX and a monthly payment of $XXX, as per the UW excluded this debt from the DTI calculation. As per guidelines, the maximum allowable DTI is XX% for XXXXXX (FICO XXX–XXX), and the borrower's FICO score is XXX. Therefore, supporting documentation is required to omit this debt; otherwise, the loan is considered ineligible. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9218074 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218074 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218061 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218061 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218061 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218332 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218332 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218332 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217761 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217761 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217761 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217559 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217559 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217559 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218333 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218333 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218333 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217596 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217596 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217596 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218026 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218026 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218026 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218219 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218219 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218219 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218308 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Underwriting Analysis | XXXXXX | The calculated DTI is XX.XX% due to the inclusion of the XXXXXX #XXXX debt which has a balance of $XXXX and a monthly payment of $XXX. However the UW omitted this debt resulting in a UW-calculated DTI of XX.XX%. Since the inclusion of this debt causes the DTI to exceed the tolerance limit supporting documentation is required to omit the debt. | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Debt = (XX+(XX-XX)+XX+XX+XX+XX+XX+XX+XX+XX-XX) = X,XXX.XX<br> Annual Debt = X,XXX.XX \* XX = XX,XXX.00<br> Borrower Income UW = XX,XXX.XX<br> DTI = XX,XXX.00 / XX,XXX.XX = XX.XX%<br> Per the Statement of Work, debt will be recalculated using raw data from the data extract. The income and debt data will be used to determine if the applicant qualifies per the guideline credit eligibility criteria. You are verifying the XXXXXX fields from XXXXXX match what we have in the data extract and XXXXXX Report in loan file, and then using those field values to re-calculate the DTI following the formula we provided to see if matches what we have on data extract. You are not re-calculating anything yourself using the raw JSON data. | **Response 1 (XX/XX/XXXX X:XX PM)** <br> Accepted rebuttal. The observations have been thoroughly reviewed. While the credit report reflects delinquency history for the referenced account, the Credit Attributes Report and data extract (date tape) do not indicate any delinquencies for the applicable Lien.(resolved) |  |  | 4 | 1 | 4 | 1 |
|  XXXXXX | 9218308 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218308 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218004 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218004 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218004 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217707 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217707 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217707 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217729 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217729 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217729 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218286 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218286 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218286 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217652 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217652 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217652 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217985 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217985 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217985 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217673 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217673 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217673 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217878 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217878 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217878 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218328 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218328 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218328 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217832 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217832 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217832 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217960 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | Closing Docs | XXXXXX | As subject property is second home provided closing date in DOT is XX/XX/XXXX not matching with Data tape origination is date XX/XX/XXXX | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> RTC not required for investment and non-owner occupied properties. Deed was signed by borrower on X/X/XXXX and funds were disbursed on X/X/XXXX once the signed doc review was completed on X/X/XXXX. The disbursement timestamp (column XX) corresponds to when the loan was funded. | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with the UW rebuttal. RTC is required for investment and non owner occupied. The dates are listed in the data tape along with the UW remarks. The QC condition has been removed, and the grading has been updated accordingly.**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217960 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217960 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217528 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | DelinquentTax | XXXXXX | Tax deliquent amount of XXXX is reflecting in stewart title | Resolved | Rebuttal 1(XX/XX/XXXX X:XX PM)<br> Accepted rebuttal. The observations have been thoroughly reviewed, and the clarification provided is deemed appropriate. While the Stewart title reflects delinquency however, only open mortgage liens are considered and pay off proof is not required(Resolved) | **Response 1 (X/XX/XXXX X:XX PM)**<br> Agreed with Rebuttal. Tax liens and judgement liens are not considered only open mortgage liens considered as UW guidelines**(Resolved)** |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217528 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217528 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218239 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218239 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218239 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217700 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217700 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217700 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218059 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218059 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218059 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217998 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217998 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217998 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217705 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217705 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217705 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217549 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217549 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217549 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217971 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217971 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217971 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217900 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217900 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217900 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217937 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217937 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217937 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217719 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217719 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217719 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217964 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217964 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217964 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217598 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217598 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217598 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217750 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217750 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217750 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217950 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217950 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217950 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217779 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217779 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217779 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217777 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217777 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217777 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218064 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218064 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218064 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218082 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218082 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218082 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217649 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217649 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217649 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217898 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217898 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217898 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217667 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217667 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217667 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217782 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217782 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high cost mortgage Points and Fees Threshold Test due to the Points and Fees of XXXX.XX which exceeds X percent of the total loan amount by more than XXX.XX | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Further review confirmed that the subject Maryland HELOC was originated under Subtitle 9 of the Maryland Commercial Law Article, as disclosed in the loan documentation. Consequently, the points and fees limitation referenced in the exception is not applicable to this transaction. The exception has been determined to be inapplicable and has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217782 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217562 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217562 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217562 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217613 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217613 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217613 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218090 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218090 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the high-cost mortgage Points and Fees Threshold Test due to the Points and Fees of $XXXX.XX which exceeds X percent of the total loan amount by more than $XXX.XX. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> There is also a mix of grade Bs / grade Cs on these compliance findings in the initial reporting so not sure why your treatment varies across these findings as it seems to vary by the batch # that the sample loans were returned in. | Response 1 (XX/XX/XXXX XX:XX)<br> Rebuttal accepted. Additional review identified an error in the calculation methodology used to evaluate the points and fees threshold. After recalculating the threshold using the values disclosed in the executed loan documents, the loan was found to be within the applicable regulatory limits. Therefore, the exception has been removed.. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218090 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218260 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218260 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218260 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217956 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217956 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XX%) The loan exceeded the X.XXX% Rate Spread Home Loan threshold. The loan has an APR of X.XX %. The NC RSHL APR threshold is X.XX%. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9217956 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217927 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217927 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217927 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217694 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217694 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217694 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218078 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218078 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218078 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218276 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218276 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218276 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218116 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9218116 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9218116 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217996 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217996 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217996 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9218195 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218195 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218195 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218101 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218101 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XXX % Rate Spread Home Loan threshold. The loan has an APR of XX.XXX %. The NC RSHL APR threshold is X.XX %. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218101 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217548 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217548 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217548 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217726 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217726 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the CT nonprime home loan test. The loan is a nonprime home loan, as defined in the legislation. The loan is a compliant HPML Prepayment and Appraisal requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> CT nonprime home loan coverage generally excludes open-end lines of credit, provided proceeds are not used at closing to purchase the borrower's primary residence or refinance the mortgage loan used to purchase the borrower's primary residence. We do not currently offer purchase-money HELOCs, and any refinance-purpose applicability should be limited to that purchase-money refinance fact pattern. Even where a loan is treated as a nonprime home loan, that is not a per se failure; the statute permits these loans subject to applicable conditions, which our process is designed to satisfy. | **Response 1 (XX/XX/XXXX XX:XX)** <br> Rebuttal accepted. A subsequent review confirmed that Connecticut Nonprime Home Loan requirements are not applicable to all HELOC transactions. The subject loan does not fall within the purchase-money or purchase-money refinance categories outlined by the applicable regulations. Additionally, the loan does not violate any applicable nonprime lending requirements. Therefore, the exception has been removed. **(Resolved)** |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217726 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218151 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218151 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218151 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217916 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217916 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217916 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217660 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217660 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217660 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217591 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217591 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217591 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217922 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217922 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217922 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217827 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217827 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217827 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217968 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217968 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217968 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217897 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217897 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217897 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217795 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217795 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217795 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217851 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217851 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217851 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Up Held | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did not support the origination value within 10%. (Upheld) |  |  | 3 | 3 | 3 | 3 |
|  XXXXXX | 9217538 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217538 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217538 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217870 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217870 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217870 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217522 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217522 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217522 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217617 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217617 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217617 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217494 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217494 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217494 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218018 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218018 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218018 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217669 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217669 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217669 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation document is missing in the package | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217614 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217614 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217614 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation from XXXXXX dollar XXXXXX did not supported the original appraised value dollar XXXXXX within 10 percent | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)**<br> 2nd AVM provided | **Response 1 (XX/XX/XXXX XX:XX)**<br> The second AVM provided did support the origination value within 10%. (Resolved) |  |  | 3 | 1 | 3 | 1 |
|  XXXXXX | 9217554 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217554 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217554 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217727 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217727 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217727 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217757 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217757 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217757 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217765 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217765 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217765 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218123 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218123 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | This loan failed the NC rate spread home loan test. (X.XXX%) The loan exceeded the XX.XX % Rate Spread Home Loan threshold. The loan has an APR of XX.XX %. The NC RSHL APR threshold is X.XX %. The loan is a compliant HPML. Appraisal and prepayment requirements have been met. | Resolved | **Rebuttal 1 (XX/XX/XXXX XX:XX)** <br> NC rate spread home loan coverage broadly applies to HELOC, but a rate spread home loan is not a per se "fail." The issue is whether the loan complies with the applicable RSHL requirements and whether investors have eligibility overlays. Digital Risk has not historically flagged these, and we do not have any investor overlays that would lead to these being treated as ineligible. Based on that, this is a documentation/process compliance item rather than an exception requiring remediation and should be flagged as a grade B exception if it is even flagged at all. | **Response 1 (XX/XX/XXXX)** <br> Rebuttal accepted. While North Carolina Rate Spread Home Loan provisions may be applicable to certain HELOC transactions, the rate spread designation alone does not indicate a compliance violation. Based on lender clarification and historical treatment of similar loans, the finding is considered informational in nature rather than a material compliance issue. Accordingly, Grading has been downgraded to 2. **(Resolved)** |  |  | 3 | 2 | 3 | 2 |
|  XXXXXX | 9218123 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218236 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218236 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218236 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217704 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217704 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217704 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218266 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218266 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218266 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217951 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217951 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217951 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217740 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217740 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217740 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217994 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217994 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217994 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218085 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218085 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218085 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218306 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218306 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218306 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217647 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217647 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217647 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217949 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217949 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217949 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218154 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218154 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218154 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217818 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Audit Issue**  | **Finding ID** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Finding**  | **Remediation Status** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exception Rebuttal**  | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
|  XXXXXX | 9217818 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9217818 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218194 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218194 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218194 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218196 | 1 of 3 | XXXXXX | XX/XX/XXXX | Credit | No Credit Finding | XXXXXX | The loan meets all applicable credit guidelines. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218196 | 2 of 3 | XXXXXX | XX/XX/XXXX | Compliance | Compliance | XXXXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 1 | 1 |
|  XXXXXX | 9218196 | 3 of 3 | XXXXXX | XX/XX/XXXX | Valuation | AVM Report | XXXXXX | The secondary valuation product supported the original appraised value within 10%. |  |  |  |  |  | 1 | 1 | 1 | 1 |

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