# EDGAR Filing Document

**Accession Number:** 0002057124
**File Stem:** 0001999371-26-012580
**Filing Date:** 2026-6
**Character Count:** 2368938
**Document Hash:** 16251808f3d130cc9c51e5d658f108cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-012580.hdr.sgml**: 20260610

**ACCESSION NUMBER**: 0001999371-26-012580

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

**PUBLIC DOCUMENT COUNT**: 60

**CONFORMED PERIOD OF REPORT**: 20260610

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

**FILED AS OF DATE**: 20260610

**DATE AS OF CHANGE**: 20260610

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

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

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLT Securitization Depositor, LLC
- **CENTRAL INDEX KEY:** 0002057124

**ORGANIZATION NAME:**
- **EIN:** 332723911
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07763
- **FILM NUMBER:** 261080701

**BUSINESS ADDRESS:**
- **STREET 1:** 6688 NORTH CENTRAL EXPRESSWAY
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206
- **BUSINESS PHONE:** 212-849-9658

**MAIL ADDRESS:**
- **STREET 1:** 6688 NORTH CENTRAL EXPRESSWAY
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLT Securitization Depositor, LLC
- **CENTRAL INDEX KEY:** 0002057124

**ORGANIZATION NAME:**
- **EIN:** 332723911
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 6688 NORTH CENTRAL EXPRESSWAY
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206
- **BUSINESS PHONE:** 212-849-9658

**MAIL ADDRESS:**
- **STREET 1:** 6688 NORTH CENTRAL EXPRESSWAY
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLT Securitization Depositor, LLC
- **CENTRAL INDEX KEY:** 0002057124

**ORGANIZATION NAME:**
- **EIN:** 332723911
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 6688 NORTH CENTRAL EXPRESSWAY
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206
- **BUSINESS PHONE:** 212-849-9658

**MAIL ADDRESS:**
- **STREET 1:** 6688 NORTH CENTRAL EXPRESSWAY
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION** **<br> Washington, D.C. 20549<br>FORM ABS-15G<br>ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> THE SECURITIES EXCHANGE ACT OF 1934**

**<u>COLT SECURITIZATION DEPOSITOR, LLC</u>**

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

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| | |
|:---|:---|
| ☐ | Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period______________ to _________________ |
|  | Date of Report (Date of earliest event reported) __________________ |
|  | Commission File Number of securitizer: __________________ |
|  | Central Index Key Number of securitizer:__________________ |

---

  <br> 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)(l) ☐ |
|  | Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐ |
|  | Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐ |
| ☒ | Rule 15Ga-2 under the Exchange Act (17 CPR 240.15Ga-2) |
|  | Central Index Key Number of depositor: 0002057124 |
|  | <u>COLT 2026-5 Mortgage Loan Trust</u> |
|  | (Exact name of issuing entity as specified in its charter) |
|  | Central Index Key Number of issuing entity (if applicable):<u> </u> |
|  | Central Index Key Number of underwriter (if applicable): ________________ |

---

<u>Donna Yi (212) 849-9658 </u> <br> Name and telephone number, including area code, of the person to contact in connection with this filing

**PART I: REPRESENTATION AND WARRANTY INFORMATION**

---

| | |
|:---|:---|
| **Item 1.01** | **Initial Filing of Rule l5Ga-1 Representations and Warranties Disclosure** |

---

Not Applicable

---

| | |
|:---|:---|
| **Item 1.02** | **Periodic Filing of Rule l5Ga-1 Representations and Warranties Disclosure** |

---

Not Applicable

---

| | |
|:---|:---|
| **Item 1.03** | **Notice of Termination of Duty to File Reports under Rule l5Ga-1** |

---

Not Applicable

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

**REPORTS**

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

**Item 2.02 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Underwriter**

Not Applicable

**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.

---

| | |
|:---|:---|
| **COLT SECURITIZATION DEPOSITOR, LLC** | **COLT SECURITIZATION DEPOSITOR, LLC** |
| By: | /s/ Donna Yi |
| Name:  | Donna Yi |
| Title: | Vice President |

---

Date: June 10, 2026

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| [99.1](ex99-1.htm) | AMC Diligence, LLC ("AMC") Due Diligence Executive Summary |
| [99.2](ex99-2.htm) | AMC Valuation Summary |
| [99.3](ex99-3.htm) | AMC Exception Grades |
| [99.4](ex99-4.htm) | AMC Rating Agency Grades |
| [99.5](ex99-5.htm) | AMC Data Compare |
| 99.6 | [Reserved] |
| [99.7](ex99-7.htm) | Clarifii LLC ("Clarifii") Narrative |
| [99.8](ex99-8.htm) | Clarifii Rating Agency Grades Detail Report |
| [99.9](ex99-9.htm) | Clarifii Rating Agency Grades Summary Report |
| [99.10](ex99-10.htm) | Clarifii Data Compare Report |
| [99.11](ex99-11.htm) | Clarifii Valuation Report |
| [99.12](ex99-12.htm) | Clayton Services LLC ("Clayton") Narrative |
| [99.13](ex99-13.htm) | Clayton Loan Grades Report |
| [99.14](ex99-14.htm) | Clayton Conditions Detail Report |
| [99.15](ex99-15.htm) | Clayton Valuations Summary Report |
| [99.16](ex99-16.htm) | Clayton Loan Level Tape Compare |
| [99.17](ex99-17.htm) | Consolidated Analytics, Inc ("Consolidated") Narrative |
| [99.18](ex99-18.htm) | Consolidated Due Diligence Standard |
| [99.19](ex99-19.htm) | Consolidated Grading Summary Report |
| [99.20](ex99-20.htm) | Consolidated Valuations Summary Report |
| [99.21](ex99-21.htm) | Consolidated Data Compare Report |
| [99.22](ex99-22.htm) | Evolve Mortgage Services ("Evolve") Executive Summary |
| [99.23](ex99-23.htm) | Evolve Rating Agency Grades |
| [99.24](ex99-24.htm) | Evolve Exception Detail |
| [99.25](ex99-25.htm) | Evolve Valuation Report |
| [99.26](ex99-26.htm) | Evolve Data Compare |
| [99.27](ex99-27.htm) | Maxwell Diligence Solutions, LLC ("MaxDiligence") Narrative |
| [99.28](ex99-28.htm) | MaxDiligence Standard Exceptions Report |
| [99.29](ex99-29.htm) | MaxDiligence Grading Report |
| [99.30](ex99-30.htm) | MaxDiligence Valuation Report |
| [99.31](ex99-31.htm) | MaxDiligence Data Compare Report |
| [99.32](ex99-32.htm) | Opus Capital Markets Consultants, LLC ("Opus") Executive Narrative |
| [99.33](ex99-33.htm) | Opus Rating Agency Grades Summary Report |
| [99.34](ex99-34.htm) | Opus Valuation Report |
| [99.35](ex99-35.htm) | Opus Data Compare Report |
| [99.36](ex99-36.htm) | Opus Standard Findings Report |
| [99.37](ex99-37.htm) | Selene Diligence LLC ("Selene") Narrative |
| [99.38](ex99-38.htm) | Selene Rating Agency Grades Summary Report |
| [99.39](ex99-39.htm) | Selene Standard Findings Report |
| [99.40](ex99-40.htm) | Selene Valuation Report |
| [99.41](ex99-41.htm) | Selene Data Compare Report |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex991001.jpg)

**EXECUTIVE SUMMARY**

**DESCRIPTION OF SERVICES**

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

AMC Diligence, LLC ("AMC") performed certain due diligence services described below on conforming and non-conforming residential mortgages acquired from various parties. The review was conducted on behalf of Lone Star Residential Acquisitions, LLC ("Client") during multiple transactions from between January 2026 to May 2026 via files imaged and provided by the Client's designee for review. The loans in the Review carried origination dates between March 2026 to June 2026. The Review included loans reviewed under the Credit and Compliance Scope (156 mortgage loans), and the Business Purpose Scope (165 loans). The mortgage loans (Credit and Compliance Scope) and the loans (Leases Limited Compliance Scope and Leases Scope) are together referred to as the Loans.

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

The final population of the Review covered three hundred twenty-one (321) mortgage loans totaling an aggregate original principal balance of approximately $186.433 million. To AMC's knowledge, the Review covered 100% of the securitization loan population.

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

The Review was conducted consistent with the criteria for the nationally recognized statistical rating organizations, NRSRO(s), identified in Item 3 of the ABS Due Diligence-15E.

**(4) Quality or integrity of information or data about the assets: review and methodology.**

AMC compared data fields on the tape provided by the Client to the data found in the actual mortgage loan file as captured by AMC. For the purposes of this disclosure, AMC's review only included fields that were included in a related data integrity review being performed by another vendor and did not include all fields that may have been available for data comparison at the time of original acquisition. This comparison, when data was available, included the following data fields:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;# of Units | &nbsp;&nbsp;Has FTHB | &nbsp;&nbsp;Prepayment Penalty Period (months) |
| &nbsp;&nbsp;Amortization Term | &nbsp;&nbsp;Interest Only Period | &nbsp;&nbsp;Product Description |
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Investor: Qualifying Total Debt Ratio | &nbsp;&nbsp;Property Type |
| &nbsp;&nbsp;Balloon Flag | &nbsp;&nbsp;Lender | &nbsp;&nbsp;Purpose |
| &nbsp;&nbsp;Borrower First Name | &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Refi Purpose |
| &nbsp;&nbsp;Borrower FTHB | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Representative FICO |
| &nbsp;&nbsp;Borrower Last Name | &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;State |
| &nbsp;&nbsp;Borrower SSN | &nbsp;&nbsp;Original CLTV | &nbsp;&nbsp;Street |
| &nbsp;&nbsp;City | &nbsp;&nbsp;Original Interest Rate | &nbsp;&nbsp;Total Cash-out |
| &nbsp;&nbsp;Decision System | &nbsp;&nbsp;Original Loan Amount | &nbsp;&nbsp;Zip |
| &nbsp;&nbsp;Doc Type | &nbsp;&nbsp;Original LTV |  |
| &nbsp;&nbsp;Escrow Account | &nbsp;&nbsp;PITIA Reserves Months |  |

---

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

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

AMC reviewed asset origination to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements, including, as applicable, the Ability to Repay and Qualified Mortgage

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![](ex991001.jpg)

requirements described below, that were provided to AMC. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the mortgage loan file was also performed.

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

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

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

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

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

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

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

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

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![](ex991001.jpg)

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

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

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

**<u>BUSINESS PURPOSE SCOPE</u>**

Each loan, reviewed under this scope, was reviewed for adherence to the relevant credit policy as indicated by the Client. For this review, procedures followed included:

▪ Reviewing
 the provided Note, Mortgage/DOT, and Guaranty Agreement(s) to confirm execution, adherence
 to the credit policy, and agreement with other Loan Approval documentation.

▪ Examining
 appraisal reports, BPO's, and appraisal reviews to determine if the property type
 is consistent with underwritten property type and usage (such as evidence/an indication
 of either owner or tenant occupancy) and comparing this information against other relevant
 information contained within applicable sections of the loan file to evaluate consistency,
 accuracy, and adheres to the credit policy.

▪ Reviewing
 environmental reporting, Flood Certification, and Evidence of Insurance to confirm accuracy
 and adherence to credit policy requirements.

▪ Reviewing
 credit reporting, VOR/VOM, Background Check(s), and any applicable Letter(s) of Explanation
 to confirm accuracy, adherence to credit policy requirements, and consistency with the
 Final Loan Approval worksheet.

▪ Reviewing
 HUD-1's, Title Search, Purchase Agreements, existing leases/rent rolls, and verification
 of funds with loan terms, and underwritten approved terms and amounts/LTV/LTC as well
 as adherence to credit policy requirements.

▪ Reviewing
 LOI/LOE(s) for presence of un-qualified statement of business and occupancy intent, confirmation
 that the LOI/LOE cited address is consistent with the subject property address, and that
 signatory(s) are consistent with the identified borrower(s)/guarantor(s).

▪ Reviewing
 Final Form 1003/Loan application to ensure complete execution that the subject property
 listed is consistent with the subject property, and that the listed residence for the
 Individual(s) is an address other than the subject property.

▪ Confirming,
 if applicable, business license(s) and P&L's are present, valid, and adheres
 to credit policy requirements.

▪ Confirming,
 if applicable, second mortgage documents are present, valid, align with approved terms
 amounts, and adhere to credit policy requirements.

▪ Reviewing
 final loan approval worksheets for accuracy, completion, documentation of approval for
 any exceptions, and evaluating such items for agreement/consistency with all other documentation
 contained in the review file.

▪ Reviewing
 the Certification of Business Purpose and Certification of Non-Owner Occupancy and Indemnity
 for presence of a completed fields, and verifying that the hand written Primary Residence
 address differs from the subject property address, and is signed/dated as required.

▪ Verifying
 presence of a complete Certification of Non-Owner Occupancy and Indemnity document for
 each individual borrower/co-borrower/guarantor identified within the subject note/guaranty
 agreement, including the presence of either individual certifications or one certificate
 containing all required signatures.

▪ Comparing
 the Primary Residence address(es) listed for consistency between the Final Form 1003/Loan
 application(s) and the Certification(s) of Non-Owner Occupancy and Indemnity.

▪ Documenting
 any non-approved credit policy exceptions and/or inconsistencies and reporting and/or
 marking such items for further dialogue.

▪ Reviewing
 and calculating that the DSCR and/or Property DTI conforms with applicable guidelines.

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![](ex991001.jpg)

Documents reviewed include the following items (\* = where applicable):

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Appraisal Report | &nbsp;&nbsp;Deed of Trust / Mortgage | &nbsp;&nbsp;Non-Owner-Occupancy & Business – Purpose Letter of Intent (LOI) / Letter of Explanation (LOE) |
| &nbsp;&nbsp;Appraisal Review documentation\* | &nbsp;&nbsp;Environmental reports | &nbsp;&nbsp;Note |
| &nbsp;&nbsp;Background check | &nbsp;&nbsp;Evidence of Hazard / Liability / Flood Insurance coverage | &nbsp;&nbsp;Purchase agreement(s)\* |
| &nbsp;&nbsp;Broker Price Opinion and market rent addendum\* | &nbsp;&nbsp;Existing Leases\* | &nbsp;&nbsp;Rent Roll\* |
| &nbsp;&nbsp;Business License\* | &nbsp;&nbsp;Final Form 1003 / Loan Application(s) | &nbsp;&nbsp;Second mortgage documentation\* |
| &nbsp;&nbsp;Business P&L's\* | &nbsp;&nbsp;Final HUD-1 | &nbsp;&nbsp;Title Search Documentation |
| &nbsp;&nbsp;Certification(s) of Business purpose of loan | &nbsp;&nbsp;Flood certificates | &nbsp;&nbsp;Verification of down payment funds/ funds to close / reserve funds\* |
| &nbsp;&nbsp;Certification(s) of Non-Owner Occupancy and Indemnity\* | &nbsp;&nbsp;Guaranty Agreement(s)\* | &nbsp;&nbsp;Verification of Rent / Mortgage (VOR/VOM) payment history\* |
| &nbsp;&nbsp;Credit Report(s) | &nbsp;&nbsp;Identification / proof of residency status |  |

---

**DATA COLLECTION**

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

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

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

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

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

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![](ex991001.jpg)

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

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

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

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

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

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

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

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

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

iii) errors in the right of rescission notice;

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

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

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

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

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

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

ii) proper execution by all required parties;

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

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

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

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

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

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

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

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

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

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

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

ii) APR threshold test;

iii) prepayment penalty threshold test; and

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**(IV) Sections 1331 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") amending TILA, as implemented by Regulation Z, 12 C.F.R. 1026.43, as set forth below:** 

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

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

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

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

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

*<u>Qualified Mortgage</u>*

With respect to QM (Safe Harbor and Higher-priced) designated mortgage loans, AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file: (i) the mortgage loan contains risky mortgage loan features and terms (e.g. an interest only feature or negative amortization), (ii) the "points and fees" exceed the applicable QM threshold, (iii) the monthly payment was calculated appropriately, (iv) the creditor considered and verified

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income or assets at or before consummation, (v) the creditor appropriately considered debt obligations, alimony and child support, and (vi) depending on the application date, defined in accordance with 1026.2(a)(3)(ii) and the loan designation provided on the subject loan, either:

---

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

---

---

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

---

---

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

---

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**(X) Recording Review**

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

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

**(XI) FIRREA Review**

AMC confirmed that the appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA. Specifically, AMC reviewed the appraisal for conformity to industry standards, including ensuring the

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appraisal was complete, that the comparable properties and adjustments were reasonable and that pictures were provided and were accurate.

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

**(XII) Document Review**

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ 4506T;

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Appraisal;

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Note;

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

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

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Final
TIL;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Loan
Estimates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Closing
Disclosures; and

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

**<u>BUSINESS PURPOSE & LIMITED COMPLIANCE REVIEW</u>**

Includes Business Purpose Scope with additional limited compliance review below.

**State Compliance Review applicable to non-owner occupied loans:** 

SitusAMC will review each mortgage loan file to determine coverage, and if covered, verify compliance with the following:

&nbsp;&nbsp;&nbsp;&nbsp;a) High
 Cost testing in Chicago Illinois and Cook County Illinois;

&nbsp;&nbsp;&nbsp;&nbsp;b) Higher
 Priced testing in Minnesota;

&nbsp;&nbsp;&nbsp;&nbsp;c) Other
 applicable state testing in Maryland, Minnesota, New Jersey, West Virginia, Wyoming,
 and Vermont, Virginia and

&nbsp;&nbsp;&nbsp;&nbsp;d) State
 specific prepayment penalty and late charge testing applicable to non-owner occupied
 loans.

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

The final review results reflected in the Overall Review Results Summary herein may include additional exceptions identified after AMC's initial review was completed where loan level issues were identified by external parties as a result of separate, distinct quality control evaluation of the loan files. In such cases, any additional exceptions cited by any such quality control evaluation would either be reflected (i) as an open exception or (ii) remediated if required documentation

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and/or curative actions were provided to AMC. The exception totals reflected herein, and corresponding Exception Rating, include exceptions that were so subsequently identified, if any. Please note that only a limited number of loans, if any, reflected in the Review Results Summary were subject to such external quality control evaluations.

**(9) Disclaimer.**

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

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

**SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW** 

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

**OVERALL RESULTS SUMMARY** 

After giving consideration to the grading implications of the Credit, Compliance and Property/Valuation sections, 100.00% of the mortgage loans by number in the pool have a Fitch NRSRO grade of "A", or "B".

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Mortgage Loans** | &nbsp;&nbsp;**% of Mortgage Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;128 | &nbsp;&nbsp;39.88% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;193 | &nbsp;&nbsp;60.12% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |

---

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---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** |

---

**COMPLIANCE RESULTS SUMMARY**

Please note that one hundred fifty-one (151) Business Purpose with no limited compliance review were not subjected to a compliance review and did not receive a compliance grade. Of the remaining one hundred seventy (170) mortgage loans, 100.00% by number received an "A" or "B" compliance grade.

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Loans** | &nbsp;&nbsp;**% of All Loans** | &nbsp;&nbsp;**% of Mortgage Review Population** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;119 | &nbsp;&nbsp;37.07% | &nbsp;&nbsp;70.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;51 | &nbsp;&nbsp;15.89% | &nbsp;&nbsp;30.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Compliance Not Run | &nbsp;&nbsp;151 | &nbsp;&nbsp;47.04% | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**100.00%** |

---

**CREDIT RESULTS SUMMARY**

All three hundred twenty-one (321) mortgage loans reviewed by AMC have a Credit grade of "B" or higher and 45.97% of the mortgage loans by number received a Credit grade of "A".

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Mortgage Loans** | &nbsp;&nbsp;**% of Mortgage Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;147 | &nbsp;&nbsp;45.79% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;174 | &nbsp;&nbsp;54.21% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** |

---

**PROPERTY/VALUATION RESULTS SUMMARY** 

Three hundred twenty-one (321) mortgage loans, 100.00%, reviewed by AMC have a Property Grade of "A".

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Mortgage Loans** | &nbsp;&nbsp;**% of Mortgage Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;321 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** |

---

**EXCEPTION CATEGORY SUMMARY**

The table below summarizes the individual exceptions which carried an associated "B", "C", or "D" level exception grade. One loan may have carried more than one exception. In such cases, the exception with the lowest grade would drive the loan grade for that particular area of the review. The overall loan grade is the lowest grade for any one particular review scope (ex. a loan with a Compliance Grade of "B", a Credit Grade of "A", and a Property Grade of "A" would receive an overall Loan Grade of "B").

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Exception Type** | &nbsp;&nbsp;**Fitch Final Exception Rating** | &nbsp;&nbsp;**Exception Category** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;ECOA | &nbsp;&nbsp;21 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;TRID Defect | &nbsp;&nbsp;14 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;ATR/QM Defect | &nbsp;&nbsp;10 |

---

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---

| | | | |
|:---|:---|:---|:---|
| | | &nbsp;&nbsp;GSE | &nbsp;&nbsp;6 |
| | | &nbsp;&nbsp;State HPML | &nbsp;&nbsp;3 |
| | | &nbsp;&nbsp;State Defect | &nbsp;&nbsp;3 |
| | | &nbsp;&nbsp;State Late Charge | &nbsp;&nbsp;3 |
| | | &nbsp;&nbsp;TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | &nbsp;&nbsp;3 |
| | | &nbsp;&nbsp;Federal HPML | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;RESPA | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;TRID | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Missing, Incorrect, or Incomplete Final or Initial 1003 | &nbsp;&nbsp;1 |
|  |  | &nbsp;&nbsp;***Total Compliance Grade (B) Exceptions:*** | &nbsp;&nbsp;***70*** |
| &nbsp;&nbsp;**Total Compliance Exceptions:** | &nbsp;&nbsp;**Total Compliance Exceptions:** | &nbsp;&nbsp;**Total Compliance Exceptions:** | &nbsp;&nbsp;**70** |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Guideline | &nbsp;&nbsp;166 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Borrower and Mortgage Eligibility | &nbsp;&nbsp;43 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Income / Employment | &nbsp;&nbsp;16 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Title | &nbsp;&nbsp;15 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Credit | &nbsp;&nbsp;9 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Loan Package Documentation | &nbsp;&nbsp;8 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Documents | &nbsp;&nbsp;5 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Asset | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Missing Document | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Hazard Insurance | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;1003 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;***Total Credit Grade (B) Exceptions:*** | &nbsp;&nbsp;***268*** |
| &nbsp;&nbsp;**Total Credit Exceptions:** | &nbsp;&nbsp;**Total Credit Exceptions:** | &nbsp;&nbsp;**Total Credit Exceptions:** | &nbsp;&nbsp;**268** |
| &nbsp;&nbsp;**Total Property Exceptions:** | &nbsp;&nbsp;**Total Property Exceptions:** | &nbsp;&nbsp;**Total Property Exceptions:** | &nbsp;&nbsp;**0** |
| &nbsp;&nbsp;**Grand Total:** | &nbsp;&nbsp;**Grand Total:** | &nbsp;&nbsp;**Grand Total:** | &nbsp;&nbsp;**338** |

---

**TAPE INTEGRITY REVIEW RESULTS SUMMARY**

Three hundred twenty-one (321) mortgage loans reviewed had 1,376 different tape discrepancies across 27 data fields (some mortgage loans had more than one data delta). The largest variances were found on PITIA Reserves Months, Escrow Account and Total Cash-out.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Field Label** | &nbsp;&nbsp;**Loans With Discrepancy** | &nbsp;&nbsp;**Total Times Compared** | &nbsp;&nbsp;**% Variance** | &nbsp;&nbsp;**# Of Loans** |
| &nbsp;&nbsp;# of Units | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Amortization Term | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Balloon Flag | &nbsp;&nbsp;1 | &nbsp;&nbsp;292 | &nbsp;&nbsp;0.34% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Borrower First Name | &nbsp;&nbsp;92 | &nbsp;&nbsp;321 | &nbsp;&nbsp;28.66% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Borrower FTHB | &nbsp;&nbsp;4 | &nbsp;&nbsp;29 | &nbsp;&nbsp;13.79% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Borrower Last Name | &nbsp;&nbsp;103 | &nbsp;&nbsp;321 | &nbsp;&nbsp;32.09% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Borrower SSN | &nbsp;&nbsp;93 | &nbsp;&nbsp;292 | &nbsp;&nbsp;31.85% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;City | &nbsp;&nbsp;10 | &nbsp;&nbsp;321 | &nbsp;&nbsp;3.12% | &nbsp;&nbsp;321 |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Decision System | &nbsp;&nbsp;1 | &nbsp;&nbsp;16 | &nbsp;&nbsp;6.25% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Doc Type | &nbsp;&nbsp;11 | &nbsp;&nbsp;140 | &nbsp;&nbsp;7.86% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Escrow Account | &nbsp;&nbsp;266 | &nbsp;&nbsp;292 | &nbsp;&nbsp;91.10% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Has FTHB | &nbsp;&nbsp;5 | &nbsp;&nbsp;141 | &nbsp;&nbsp;3.55% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Interest Only Period | &nbsp;&nbsp;0 | &nbsp;&nbsp;33 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Investor: Qualifying Total Debt Ratio | &nbsp;&nbsp;56 | &nbsp;&nbsp;158 | &nbsp;&nbsp;35.44% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Lender | &nbsp;&nbsp;18 | &nbsp;&nbsp;292 | &nbsp;&nbsp;6.16% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;0 | &nbsp;&nbsp;29 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Note Date | &nbsp;&nbsp;3 | &nbsp;&nbsp;29 | &nbsp;&nbsp;10.34% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;0 | &nbsp;&nbsp;321 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Original CLTV | &nbsp;&nbsp;16 | &nbsp;&nbsp;321 | &nbsp;&nbsp;4.98% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Original Interest Rate | &nbsp;&nbsp;13 | &nbsp;&nbsp;321 | &nbsp;&nbsp;4.05% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Original Loan Amount | &nbsp;&nbsp;16 | &nbsp;&nbsp;321 | &nbsp;&nbsp;4.98% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Original LTV | &nbsp;&nbsp;3 | &nbsp;&nbsp;32 | &nbsp;&nbsp;9.38% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;PITIA Reserves Months | &nbsp;&nbsp;288 | &nbsp;&nbsp;292 | &nbsp;&nbsp;98.63% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Prepayment Penalty Period (months) | &nbsp;&nbsp;93 | &nbsp;&nbsp;292 | &nbsp;&nbsp;31.85% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Product Description | &nbsp;&nbsp;63 | &nbsp;&nbsp;292 | &nbsp;&nbsp;21.58% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;35 | &nbsp;&nbsp;321 | &nbsp;&nbsp;10.90% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Purpose | &nbsp;&nbsp;2 | &nbsp;&nbsp;321 | &nbsp;&nbsp;0.62% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Refi Purpose | &nbsp;&nbsp;3 | &nbsp;&nbsp;140 | &nbsp;&nbsp;2.14% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Representative FICO | &nbsp;&nbsp;20 | &nbsp;&nbsp;321 | &nbsp;&nbsp;6.23% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;State | &nbsp;&nbsp;0 | &nbsp;&nbsp;321 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Street | &nbsp;&nbsp;14 | &nbsp;&nbsp;321 | &nbsp;&nbsp;4.36% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Total Cash-out | &nbsp;&nbsp;135 | &nbsp;&nbsp;146 | &nbsp;&nbsp;92.47% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;Zip | &nbsp;&nbsp;12 | &nbsp;&nbsp;320 | &nbsp;&nbsp;3.75% | &nbsp;&nbsp;321 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**1376** | &nbsp;&nbsp;**7196** | &nbsp;&nbsp;**19.12%** | &nbsp;&nbsp;**321** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Amortization Type** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of Balance** |
| &nbsp;&nbsp;Fixed | &nbsp;&nbsp;320 | &nbsp;&nbsp;99.69% | &nbsp;&nbsp;$186152936.00 | &nbsp;&nbsp;99.85% |
| &nbsp;&nbsp;Adjustable | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.31% | &nbsp;&nbsp;$280000.00 | &nbsp;&nbsp;0.15% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$186432936.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Lien Position** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of Balance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;321 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$186432936.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$186432936.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Loan Purpose** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of Balance** |
| &nbsp;&nbsp;Cash Out: Home Improvement/Renovation | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.31% | &nbsp;&nbsp;$845000.00 | &nbsp;&nbsp;0.45% |
| &nbsp;&nbsp;Cash Out: Other/Multi-purpose/Unknown Purpose | &nbsp;&nbsp;137 | &nbsp;&nbsp;42.68% | &nbsp;&nbsp;$73921268.00 | &nbsp;&nbsp;39.65% |
| &nbsp;&nbsp;First Time Home Purchase | &nbsp;&nbsp;17 | &nbsp;&nbsp;5.30% | &nbsp;&nbsp;$8428244.00 | &nbsp;&nbsp;4.52% |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Other-than-first-time Home Purchase | &nbsp;&nbsp;139 | &nbsp;&nbsp;43.30% | &nbsp;&nbsp;$79089915.00 | &nbsp;&nbsp;42.42% |
| &nbsp;&nbsp;Rate/Term Refinance - Borrower Initiated | &nbsp;&nbsp;27 | &nbsp;&nbsp;8.41% | &nbsp;&nbsp;$24148509.00 | &nbsp;&nbsp;12.95% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$186432936.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Original Term** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of Balance** |
| &nbsp;&nbsp;241-360 Months | &nbsp;&nbsp;316 | &nbsp;&nbsp;98.44% | &nbsp;&nbsp;$184913186.00 | &nbsp;&nbsp;99.18% |
| &nbsp;&nbsp;361+ Months | &nbsp;&nbsp;5 | &nbsp;&nbsp;1.56% | &nbsp;&nbsp;$1519750.00 | &nbsp;&nbsp;0.82% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$186432936.00** | &nbsp;&nbsp;**100.00%** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Property Type** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of Balance** |
| &nbsp;&nbsp;Single Family Detached | &nbsp;&nbsp;157 | &nbsp;&nbsp;48.91% | &nbsp;&nbsp;$97040350.00 | &nbsp;&nbsp;52.05% |
| &nbsp;&nbsp;Condo, Low Rise | &nbsp;&nbsp;23 | &nbsp;&nbsp;7.17% | &nbsp;&nbsp;$13431433.00 | &nbsp;&nbsp;7.20% |
| &nbsp;&nbsp;Condo, High Rise | &nbsp;&nbsp;12 | &nbsp;&nbsp;3.74% | &nbsp;&nbsp;$9785425.00 | &nbsp;&nbsp;5.25% |
| &nbsp;&nbsp;Condotel | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.31% | &nbsp;&nbsp;$150000.00 | &nbsp;&nbsp;0.08% |
| &nbsp;&nbsp;PUD | &nbsp;&nbsp;75 | &nbsp;&nbsp;23.36% | &nbsp;&nbsp;$43137320.00 | &nbsp;&nbsp;23.14% |
| &nbsp;&nbsp;1 Family Attached | &nbsp;&nbsp;4 | &nbsp;&nbsp;1.25% | &nbsp;&nbsp;$626600.00 | &nbsp;&nbsp;0.34% |
| &nbsp;&nbsp;2 Family | &nbsp;&nbsp;31 | &nbsp;&nbsp;9.66% | &nbsp;&nbsp;$10426218.00 | &nbsp;&nbsp;5.59% |
| &nbsp;&nbsp;3 Family | &nbsp;&nbsp;13 | &nbsp;&nbsp;4.05% | &nbsp;&nbsp;$7564090.00 | &nbsp;&nbsp;4.06% |
| &nbsp;&nbsp;4 Family | &nbsp;&nbsp;5 | &nbsp;&nbsp;1.56% | &nbsp;&nbsp;$4271500.00 | &nbsp;&nbsp;2.29% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$186432936.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Loans** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**% of Balance** |
| &nbsp;&nbsp;Primary | &nbsp;&nbsp;80 | &nbsp;&nbsp;24.92% | &nbsp;&nbsp;$59974292.00 | &nbsp;&nbsp;32.17% |
| &nbsp;&nbsp;Investment | &nbsp;&nbsp;229 | &nbsp;&nbsp;71.34% | &nbsp;&nbsp;$115472109.00 | &nbsp;&nbsp;61.94% |
| &nbsp;&nbsp;Second Home | &nbsp;&nbsp;12 | &nbsp;&nbsp;3.74% | &nbsp;&nbsp;$10986535.00 | &nbsp;&nbsp;5.89% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**321** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$186432936.00** | &nbsp;&nbsp;**100.00%** |

---

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## Exhibit 99.2

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.2**

![](ex99_001.gif)

**Valuation Report**

**Run Date - 6/8/2026 2:30:08 PM** 

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| **SitusAMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Deal ID** | **Investor Loan Number** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Value for LTV** | **As-Is Value for LTV** | **LTV Value Variance Amount** | **LTV Value Variance Percent** | **Primary Valuation Value** | **Primary Valuation Report Date** | **Primary Valuation Effective Date** | **Primary Valuation Type** | **Primary Valuation Company** | **Primary Valuation Appraiser Name** | **Primary Valuation Appraiser License Num** | **Primary Valuation FSD Score** | **Secondary Valuation Value** | **Secondary Valuation Variance Amount** | **Secondary Valuation Variance Percent** | **Secondary Valuation Report Date** | **Secondary Valuation Effective Date** | **Secondary Valuation Type** | **Secondary Valuation Company** | **Secondary Valuation FSD Score** | **Secondary Valuation Desk Review Risk Score** | **AVM Value** | **AVM Variance Amount** | **AVM Variance Percent** | **AVM Company** | **AVM FSD Score** | **AVM Report Date** | **Desk Review Value** | **Desk Review Variance Amount** | **Desk Review Variance Percent** | **Desk Review Company** | **Desk Review Risk Score** | **Desk Review Report Date** | **Desk Review Effective Date** | **Desktop Appraisal Value** | **Desktop Appraisal Variance Amount** | **Desktop Appraisal Variance Percent** | **Desktop Appraisal Company** | **Desktop Appraisal Report Date** | **Desktop Appraisal Effective Date** | **BPO Value** | **BPO Variance Amount** | **BPO Variance Percent** | **BPO Company** | **BPO Report Date** | **Field Review Value** | **Field Review Variance Amount** | **Field Review Variance Percent** | **Field Review Company** | **Field Review Report Date** | **Field Review Effective Date** | **2055 Value** | **2055 Variance Amount** | **2055 Variance Percent** | **2055 Company** | **2055 Report Date** | **2055 Effective Date** | **AVE/CMA Value** | **AVE/CMA Variance Amount** | **AVE/CMA Variance Percent** | **AVE/CMA Company** | **AVE/CMA Report Date** | **Hybrid Valuation Value** | **Hybrid Valuation Variance Amount** | **Hybrid Valuation Variance Percent** | **Hybrid Valuation Company** | **Hybrid Valuation Report Date** | **Updated Valuation Value** | **Updated Valuation Variance Amount** | **Updated Valuation Variance Percent** | **Updated Valuation Company** | **Updated Valuation Report Date** | **Updated Valuation Effective Date** | **Aggregate Appraised Value** | **Aggregate Variance Amount** | **Aggregate Variance Percent** | **Value Analysis Valuation Value** | **Value Analysis Report Date** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **LCA Risk Score** | **Collateral Underwriter Risk Score** |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120770 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.00 |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 5.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 4.50 |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 3.10 |
| XXXX | XXXX | XXXX | 4350120553 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 1.140% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120688 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -8.110% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.80 |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 2.60 |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.40 |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.10 |
| XXXX | XXXX | XXXX | 4350120614 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 1.70 |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.10 |
| XXXX | XXXX | XXXX | 4350120600 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120551 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 2.70 |
| XXXX | XXXX | XXXX | 4350120603 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 5.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.80 |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -1.610% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes |  | 4.20 |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Field Review | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350120546 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120627 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Field Review | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | -11.600% | XXXX | High | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 5.00 |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.40 |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 3.20 |
| XXXX | XXXX | XXXX | 4350120606 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.20 |
| XXXX | XXXX | XXXX | 4350120663 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 1.40 |
| XXXX | XXXX | XXXX | 4350120590 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120753 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120705 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 4.30 |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 2.50 |
| XXXX | XXXX | XXXX | 4350120609 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120602 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.50 | 1.10 |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.30 |
| XXXX | XXXX | XXXX | 4350120722 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 2.60 |
| XXXX | XXXX | XXXX | 4350120865 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120601 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -6.500% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 3.70 |
| XXXX | XXXX | XXXX | 4350120665 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 1.540% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 2.70 |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 5.00 | 5.00 |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120542 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.90 |
| XXXX | XXXX | XXXX | 4350120629 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120638 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.80 |
| XXXX | XXXX | XXXX | 4350120759 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120689 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120574 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 2.60 |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.10 |
| XXXX | XXXX | XXXX | 4350120589 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 2.30 |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.30 |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.80 |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120572 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120634 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 2.40 |
| XXXX | XXXX | XXXX | 4350120568 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120607 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.30 |
| XXXX | XXXX | XXXX | 4350120712 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120595 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120737 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.50 |
| XXXX | XXXX | XXXX | 4350120649 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120613 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120744 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120810 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120628 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120604 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 2.70 |
| XXXX | XXXX | XXXX | 4350120599 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes |  | 1.20 |
| XXXX | XXXX | XXXX | 4350120693 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 3.90 |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.40 |
| XXXX | XXXX | XXXX | 4350120573 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 3.00 |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.50 |
| XXXX | XXXX | XXXX | 4350120598 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120691 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.90 |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.90 |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120647 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120692 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120635 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Field Review | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | -100.000% | XXXX | Indeterminate | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120612 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120735 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 3.10 |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120588 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120641 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120565 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 5.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120809 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 3.10 |
| XXXX | XXXX | XXXX | 4350120618 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120710 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 5.00 | 3.40 |
| XXXX | XXXX | XXXX | 4350120799 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120632 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 4.00 |
| XXXX | XXXX | XXXX | 4350120879 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.30 |
| XXXX | XXXX | XXXX | 4350120711 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120651 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120743 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120706 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120658 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Field Review | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | -100.000% | XXXX | Indeterminate | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120585 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120723 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120893 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120581 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120783 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 1.410% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120763 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 3.80 |
| XXXX | XXXX | XXXX | 4350120671 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.70 |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.20 |
| XXXX | XXXX | XXXX | 4350120617 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120696 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 5.830% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | -15.630% | XXXX | High | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 2.60 |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 5.00 |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120736 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 4.10 |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 1.50 |
| XXXX | XXXX | XXXX | 4350120636 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120731 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 5.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350120593 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 5.00 |
| XXXX | XXXX | XXXX | 4350120645 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120648 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.50 |
| XXXX | XXXX | XXXX | 4350120769 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120920 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120776 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.30 |
| XXXX | XXXX | XXXX | 4350120803 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.300% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120687 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.20 |
| XXXX | XXXX | XXXX | 4350120801 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 1.30 |
| XXXX | XXXX | XXXX | 4350120812 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120652 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120584 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120580 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -2.330% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120608 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 3.10 |
| XXXX | XXXX | XXXX | 4350120587 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 4.00 |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 4.00 |
| XXXX | XXXX | XXXX | 4350120605 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 1.10 |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120815 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120740 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120742 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 5.00 | 1.10 |
| XXXX | XXXX | XXXX | 4350120660 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120708 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.00 |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 4.50 |
| XXXX | XXXX | XXXX | 4350120700 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120724 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.10 |
| XXXX | XXXX | XXXX | 4350120915 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 2.70 |
| XXXX | XXXX | XXXX | 4350120721 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 2.60 |
| XXXX | XXXX | XXXX | 4350120887 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120733 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 1.10 |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 4.50 |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.40 |
| XXXX | XXXX | XXXX | 4350120732 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120808 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120583 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120582 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.150% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120792 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.60 |
| XXXX | XXXX | XXXX | 4350120772 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.10 |
| XXXX | XXXX | XXXX | 4350120762 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.20 |
| XXXX | XXXX | XXXX | 4350120760 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120795 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.40 |
| XXXX | XXXX | XXXX | 4350120625 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 4.20 |
| XXXX | XXXX | XXXX | 4350120791 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.60 |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 12.630% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120729 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120811 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120622 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -5.980% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 2.90 |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 4.50 |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 18.160% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | High |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 4.50 |
| XXXX | XXXX | XXXX | 4350120611 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.90 |
| XXXX | XXXX | XXXX | 4350120793 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120817 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 2.20 |
| XXXX | XXXX | XXXX | 4350120726 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120702 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 4.30 |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120718 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120727 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.50 |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120746 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 3.70 |
| XXXX | XXXX | XXXX | 4350120586 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120779 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.410% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.410% | XXXX | Low | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 2.70 |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120768 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120789 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 5.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120704 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120886 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 4.80 |
| XXXX | XXXX | XXXX | 4350120775 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 3.30 |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120767 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120720 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120728 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.40 |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -0.860% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120891 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.20 |
| XXXX | XXXX | XXXX | 4350120750 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.50 | 5.00 |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120888 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 1.30 |
| XXXX | XXXX | XXXX | 4350120805 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 1.900% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | 1.900% | XXXX | Low | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120790 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120659 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 5.00 |
| XXXX | XXXX | XXXX | 4350120822 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120701 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 3.30 |
| XXXX | XXXX | XXXX | 4350120734 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 2.50 |
| XXXX | XXXX | XXXX | 4350120919 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 3.50 |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120794 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350120917 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120786 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 2.90 |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 2.90 |
| XXXX | XXXX | XXXX | 4350120761 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -8.330% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 999.00 |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120813 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120814 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.90 |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.90 |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120892 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.50 | 1.70 |
| XXXX | XXXX | XXXX | 4350120719 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 2.00 |
| XXXX | XXXX | XXXX | 4350120785 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 3.00 | 3.00 |
| XXXX | XXXX | XXXX | 4350120921 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350120683 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120698 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 2.70 |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | High |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120738 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120797 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 4.30 |
| XXXX | XXXX | XXXX | 4350120715 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 5.00 | 4.40 |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.70 |
| XXXX | XXXX | XXXX | 4350120781 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120910 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120678 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120907 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120778 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350120802 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120798 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes |  |  |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -7.370% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No | 4.00 | 3.90 |
| XXXX | XXXX | XXXX | 4350120830 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120913 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  | 3.50 |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.50 |
| XXXX | XXXX | XXXX | 4350120829 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120828 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120827 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120889 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350120749 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120826 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120825 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120824 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.20 |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | Yes | 1.50 | 1.80 |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120823 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 1.610% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.000% | XXXX | Moderate | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120675 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120842 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.40 |
| XXXX | XXXX | XXXX | 4350120575 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.80 |
| XXXX | XXXX | XXXX | 4350120674 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 2.320% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 2.320% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.000% |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.50 |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Field Review | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 3.30 |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120844 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.70 |
| XXXX | XXXX | XXXX | 4350120838 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120676 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120677 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 2.00 |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120847 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.40 |
| XXXX | XXXX | XXXX | 4350120840 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120836 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120839 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120835 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.30 |
| XXXX | XXXX | XXXX | 4350120837 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX |  | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120857 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Field Review | XXXX | XXXX | XXXX |  | XXXX | XXXX | 39.530% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | -100.000% | XXXX | Indeterminate | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 4.50 |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120577 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120578 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120576 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 2.60 |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120846 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120850 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350120845 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120843 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 3.90 |
| XXXX | XXXX | XXXX | 4350120841 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350120848 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  |  | XXXX | XXXX |  |  |  |  |  | N/A |  | 3.40 |

---

## Exhibit 99.3

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.3**

![](ex99_001.gif)

**Exception Grades**

**Run Date - 6/8/2026 2:30:07 PM** 

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **XXXX Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Deal ID** | **Investor Loan Number** | **Loan Exception ID** | **Exception ID** | **Exception Date** | **Exception Type** | **Exception Category** | **Exception Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception Information** | **Compensating Factors** | **Compensating Factor Information** | **Applying Party** | **Follow-up Comments** | **Cleared Date** | **Cured Date** | **Waived Date** | **Exception Level Grade** | **Note Date** | **Property State** | **Occupancy** | **Purpose** | **Exception Remediation** | **Originator QM ATR Status** | **TPR QM ATR Status** | **Is Curable** |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | One unit has XXXX (vs minimum 500) | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | DTI: 10.39389% <br> Guideline Maximum DTI: 55.00000%<br>Loan to Value: 51.48741%<br> Guideline Maximum Loan to Value: 80.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-11): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Mortgage Broker Fee increased from XXXX to XXXX, an increase of XXXX, without a valid changed circumstance document in file. No cure provided. |  |  |  | Reviewer Comment (XXXX-06-03): XXXX Received Valid COC dated XXXX along wIth revised CD. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Credit Report Fee increased from XXXX to XXXX, an increase of XXXX, without a valid changed circumstance document in file. No cure provided. |  |  |  | Reviewer Comment (XXXX-06-03): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.<br>Seller Comment (XXXX-06-02): (Rate Lock) Cure was applied at closing | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Loan originated as Primary residence, yet URLA declarations indicates borrower will not occupy. | Borrower: XXXX XXXX XXXX |  |  |  |  | Reviewer Comment (XXXX-06-04): Received updated 1003 in trailing docs.<br>Seller Comment (XXXX-06-04): (Rate Lock) Corrected 1003 | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-06-03): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The loan file does not contain verification of the business existence within 120 calendar days prior to the note date. Third party verification provided was not dated. |  |  |  | Reviewer Comment (XXXX-03-10): Received proof of date the third party verification was performed. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | XXXX | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | BorrowerXXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: | Third party verification for Maximum was not dated. |  |  |  | Reviewer Comment (XXXX-03-18): Screen shot of date document was pulled provided.<br>Seller Comment (XXXX-03-16): (Rate Lock) Please clear other condition was cleared with doc provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | Missing articles of organization for the borrowing entity. |  |  |  | Reviewer Comment (XXXX-03-10): Received articles in trailing docs. | XXXX |  |  | 1 C A D | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | Missing certificate of good standing for the borrowing entity. |  |  |  | Reviewer Comment (XXXX-05-07): Received doc in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) EIN showing sole member (no OA0 and COGs provided | XXXX |  |  | 1 C A D | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met |  | Missing operating agreement, articles of organization, and certificate of good standing for the borrowing entity. |  |  |  | Reviewer Comment (XXXX-05-07): Received doc in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) EIN showing sole member (no OA0 and COGs provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Missing operating agreement for the borrowing entity. |  |  |  | Reviewer Comment (XXXX-05-07): Received doc in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) EIN showing sole member (no OA0 and COGs provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) | No evidence that borrower received a copy of appraisal 3 business days to closing. |  |  |  | Reviewer Comment (XXXX-03-05): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-03-04): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Operating agreement not dated or executed by borrower. |  |  |  | Reviewer Comment (XXXX-05-19): Included rental income in the income calculation.<br>Reviewer Comment (XXXX-05-14): Guidelines require 25% expense Factor, ATR Risk due to excessive DTI.<br>Reviewer Comment (XXXX-03-19): Borrower has single member LLC.<br>Reviewer Comment (XXXX-03-18): Sent to Compliance for ATR exception.<br>Seller Comment (XXXX-03-16): (Rate Lock) OA is not required for bank statement loan. Guides state " Operating agreement, Articles of Incorporation, or equivalent stating ownership percentage" and doc provided shows 100%<br>Reviewer Comment (XXXX-03-11): Operating Agreement not dated or executed by borrower.<br>Seller Comment (XXXX-03-10): (Rate Lock) Doc applies for a single member, therefore would not need to be signed and dated | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. |  |  |  | Reviewer Comment (XXXX-05-19): Included rental income in the income calculation.<br>Seller Comment (XXXX-05-15): (Rate Lock) You need to include rental income from the investment property.<br>This is what brings the DTI into tolerance.<br>Reviewer Comment (XXXX-05-14): Guidelines require 25% expense Factor, ATR Risk due to excessive DTI.<br>Reviewer Comment (XXXX-03-19): Borrower has single member LLC.<br>Reviewer Comment (XXXX-03-18): Sent to Compliance for ATR exception.<br>Seller Comment (XXXX-03-16): (Rate Lock) OA is not required for bank statement loan. Guides state " Operating agreement, Articles of Incorporation, or equivalent stating ownership percentage" and doc provided shows 100%<br>Reviewer Comment (XXXX-03-11): Operating Agreement not dated or executed by borrower.<br>Seller Comment (XXXX-03-10): (Rate Lock) Doc applies for a single member, therefore would not need to be signed and dated | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-03-30): XXXX received valid COC document<br>Seller Comment (XXXX-03-28): (Rate Lock) Cert provided<br>Reviewer Comment (XXXX-03-17): XXXX acknowledged that provided COC indicates change in income, DTI, APR, Credit Report, Appraisal Cos, Lender credit. But it does not give sufficient information on why the income was changed on initial CD dated XXXX and was not known prior to or at the time initial disclosures to change in income and to provide supporting information on when lender become aware of the change or Cure would be due to borrower. Cure consists of corrected CD, LOE to borrower, proof of mailing, and copy of refund check.<br>Seller Comment (XXXX-03-16): (Rate Lock) CIC states: "Change in Income, DTI, APR, Credit report, Appraisal cos,Lender Credits" which the change to income affects DTI and pricing. Please clear.<br>Reviewer Comment (XXXX-03-11): XXXX: The COC that was provided in the trailing images was also provided in the original loan package. but it does not give sufficient and specific information on what impacts and why the lender credit was decreased. In order to determine if the changed circumstance is valid more information is necessary on reason for the fee decreased and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 70.95068% exceeds Guideline total debt ratio of 55.00000%. | Business Narrative reflects a Product Business. Product Business with 0 employees required a 25% expense ratio. This increases DTI over allowable. \*\*\*\* Update XXXX\*\*\*\*\* DTI updated to 70.95% as Expense Factor of 25% applied as per Guidelines for Business Bank Statements. Product Business with 0 employees are to have 25% expense factor per Guidelines. |  |  |  | Reviewer Comment (XXXX-05-19): Included rental income in the income calculation.<br>Seller Comment (XXXX-05-15): (Rate Lock) You need to include rental income from the investment property.<br>This is what brings the DTI into tolerance. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of XXXX exceeds tolerance of $-XXXX with no valid change of circumstances and no cure was provided to borrower. |  |  |  | Reviewer Comment (XXXX-06-01): XXXX Received Valid COC dated XXXX along with CD. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit with no valid change of circumstances and no cure was provided to borrower. |  |  |  | Reviewer Comment (XXXX-06-01): XXXX Received Valid COC dated XXXX along with CD. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. |  |  |  | Reviewer Comment (XXXX-06-01): XXXX received XXXX CD received 3 business days prior to consummation.<br>Reviewer Comment (XXXX-05-29): Document provided was not signed by the borrower. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX XXXX Third Party Verification | The file is missing verification that the business is currently active dated within 120 calendar days prior to the note date. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660<br> Representative FICO: 798 | XXXX | Reviewer Comment (XXXX-06-03): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The file is missing verification that the business is currently active dated within 120 calendar days prior to the note date. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660<br> Representative FICO: 798 | XXXX | Reviewer Comment (XXXX-06-03): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to The file is missing verification that the business is currently active dated within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-06-04): Loan is Non-QM. | XXXX |  |  | 1 B A C | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | The file is missing verification that the business is currently active dated within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-06-04): Lender exception with comp factors and preclose alternate documentation provided. Downgraded and waived.<br>Reviewer Comment (XXXX-06-04): Regraded to EV2-B with comp factors including bank statements - latest of which was within 60 days prior to closing with 12 business deposits.<br>Reviewer Comment (XXXX-06-03): UW used CPA letter that confirmed employment but did not state currently active. Also used bank statements latest of which was within 60 days prior to closing with 12 business deposits. Verification is dated post close that shows active.<br> Residual income XXXX, required is XXXX; Reserves 124.38 months, required 6 months; 749 FICO (138 over required).<br>Reviewer Comment (XXXX-05-29): Business listing provided is dated post-closing. |  |  | XXXX | 2 C B | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The file is missing verification that the business is currently active dated within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-06-04): Lender exception with comp factors and preclose alternate documentation provided. Downgraded and waived.<br>Reviewer Comment (XXXX-06-04): Regraded to EV2-B with comp factors including bank statements - latest of which was within 60 days prior to closing with 12 business deposits.<br>Reviewer Comment (XXXX-06-03): UW used CPA letter that confirmed employment but did not state currently active. Also used bank statements latest of which was within 60 days prior to closing with 12 business deposits. Verification is dated post close that shows active.<br> Residual income XXXX, required is XXXX; Reserves 124.38 months, required 6 months; 749 FICO (138 over required). |  |  | XXXX | 2 C B | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | Final HUD document is not signed by borrower |  |  |  | Reviewer Comment (XXXX-05-05): Received HUD in trailing docs.<br>Seller Comment (XXXX-05-04): (Rate Lock) Signed HUD not required on BP loan | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.92 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.92 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) of 1.00 | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 758<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-04-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing was not within 90 days prior to note date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 758<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-28): (Rate Lock) Added exception for being dated post close<br>Reviewer Comment (XXXX-05-26): Guidelines require a certificate of good standing. Please review.<br>Seller Comment (XXXX-05-25): (Rate Lock) This is a DSCR loan - not required |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 673 is less than Guideline representative FICO score of 680. | FICO score of 673 is less than the guideline minimum of 680 for 80% LTV. |  |  |  | Reviewer Comment (XXXX-04-30): Received lender correspondence that FICO score requirement was 660 minimum at origination. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | EIN for the borrowing business entity is missing from the file. |  |  |  | Reviewer Comment (XXXX-05-05): Document provided.<br>Reviewer Comment (XXXX-04-29): EIN for the borrowing business entity, XXXX Rentals was not provided. Exception remains.<br>Seller Comment (XXXX-04-28): (Rate Lock) The bottom of page 1 shows Officials and states the borrowers name and then it states owned 100<br>Reviewer Comment (XXXX-04-27): Document was not provided in trailing docs. | XXXX |  |  | 1 C A D | XXXX | XXXX | Investment | Purchase | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | XXXX | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: | Document date is missing from third party verification verifying business start date. |  |  |  | Reviewer Comment (XXXX-05-05): Received document in trailing docs.<br>Reviewer Comment (XXXX-04-29): The State document with entity details is missing document date. Please provide electronic history of when this was pulled, if available.<br>Seller Comment (XXXX-04-28): (Rate Lock) The bottom of page 1 shows Officials and states the borrowers name and then it states owned 100<br>Reviewer Comment (XXXX-04-27): Document was not provided in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met |  | EIN for the borrowing business entity is missing from the file. |  |  |  | Reviewer Comment (XXXX-05-05): Business entity document provided.<br>Reviewer Comment (XXXX-04-29): EIN for the borrowing business entity, XXXX Rentals was not provided. Exception remains.<br>Seller Comment (XXXX-04-28): (Rate Lock) The bottom of page 1 shows Officials and states the borrowers name and then it states owned 100<br>Reviewer Comment (XXXX-04-27): Document was not provided in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file is missing an operating agreement for borrower's bank statement income employment. Unable to verify borrower's business ownership percentage. |  |  |  | Reviewer Comment (XXXX-05-14): Verified on XXXX. Cert in file.<br>Reviewer Comment (XXXX-05-14): Officers are not required to be owners. Please provide Operating Agreement or other documentation showing % of ownership.<br>Reviewer Comment (XXXX-04-29): The State document with entity details is missing document date. Please provide electronic history of when this was pulled, if available.<br>Seller Comment (XXXX-04-28): (Rate Lock) The bottom of page 1 shows Officials and states the borrowers name and then it states owned 100<br>Reviewer Comment (XXXX-04-27): Document was not provided in trailing docs.<br>Reviewer Comment (XXXX-04-22): Required ownership percentage for XXXX. Provided ownership percentage for borrowing business entity, XXXX rentals, shows guarantor does not wholly own borrowing entity. Please provide corporate resolution for borrowing business entity and operating agreement or equivalent for XXXX.<br>Reviewer Comment (XXXX-04-22): Ownership %ge provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Operating agreement | Loan file is missing an operating agreement for borrower's bank statement income employment. Unable to verify borrower's business ownership percentage. |  |  |  | Reviewer Comment (XXXX-04-30): Received business listing showing ownership percentage in trailing docs.<br>Reviewer Comment (XXXX-04-29): The State document with entity details is missing document date. Please provide electronic history of when this was pulled, if available.<br>Seller Comment (XXXX-04-28): (Rate Lock) The bottom of page 1 shows Officials and states the borrowers name and then it states owned 100<br>Reviewer Comment (XXXX-04-27): Document was not provided in trailing docs.<br>Reviewer Comment (XXXX-04-22): Required ownership percentage for XXXX. Provided ownership percentage for borrowing business entity, XXXX rentals, shows guarantor does not wholly own borrowing entity. Please provide corporate resolution for borrowing business entity and operating agreement or equivalent for XXXX.<br>Reviewer Comment (XXXX-04-22): Ownership %ge provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Operating agreement | Required ownership percentage for XXXX. Provided ownership percentage for borrowing business entity, XXXX rentals, shows guarantor does not wholly own borrowing entity. Please provide corporate resolution for borrowing business entity and operating agreement or equivalent for XXXX. |  |  |  | Reviewer Comment (XXXX-04-30): Received business listing showing ownership percentage in trailing docs.<br>Reviewer Comment (XXXX-04-29): The State document with entity details is missing document date. Please provide electronic history of when this was pulled, if available. Borrower owns 90% of XXXX; please provide Corporate Resolution.<br>Reviewer Comment (XXXX-04-27): Document was not provided in trailing docs. | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Purchase | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception approved to allow 2 tradelines reporting for 12 months on credit. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | The DSCR of 1.29 is greater than the minimum required DSCR of 1.00.<br>2 Years mortgage history at 0x30. | XXXX | Reviewer Comment (XXXX-05-26): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-21): The attached lender exception shows 12 comp factors<br>Reviewer Comment (XXXX-04-24): File lacks compensating factors to downgrade and waive. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception approved to allow LLC ownership change mid-application. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | The DSCR of 1.29 is greater than the minimum required DSCR of 1.00.<br>2 Years mortgage history at 0x30. | XXXX | Reviewer Comment (XXXX-05-26): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-21): Please downgrade to EV 2as credit exception has been given. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Investor Occupancy is 78.30% versus requirement up to 60%. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | The DSCR of 1.29 is greater than the minimum required DSCR of 1.00.<br>2 Years mortgage history at 0x30. | XXXX | Reviewer Comment (XXXX-05-26): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-21): EV 2<br>Seller Comment (XXXX-05-21): Please downgrade to EV as credit exception has been given. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | HOA offers registration services, which is an ineligible characteristic per XXXX guidelines. Minimum lease term is 14 days. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | The DSCR of 1.29 is greater than the minimum required DSCR of 1.00.<br>2 Years mortgage history at 0x30. | XXXX | Reviewer Comment (XXXX-05-26): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-21): EV2<br>Seller Comment (XXXX-05-21): Please downgrade to EV as credit exception has been given. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception reflects business entity ownership percentages change. Document missing in file. |  |  |  | Reviewer Comment (XXXX-05-26): Received operating agreement in trailing docs.<br>Seller Comment (XXXX-05-21): See attached new operating agreement | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow 1-month reserves, guideline require 3 months. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | The DSCR of 1.29 is greater than the minimum required DSCR of 1.00.<br>2 Years mortgage history at 0x30. | XXXX | Reviewer Comment (XXXX-05-26): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-21): Please down Grade to EV 2 as exception was granted. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a rent free borrower purchasing an investment property. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 748<br>Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history. | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-14): (Rate Lock) corrected exception provided<br>Reviewer Comment (XXXX-04-06): Lender exception form shows Reserves as one of the comp factors. Calculated reserves are 7.99 months, which do not exceed guideline minimum by at least 4 months. Please provide updated lender exception. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX, XXXXXXXX Statement | File is missing insurance verification for properties on XXXX St and XXXX St and the mortgage statement for XXXX Ln. |  |  |  | Reviewer Comment (XXXX-05-22): Sttaement provided.<br>Reviewer Comment (XXXX-05-22): Mortgage statement provided for XXXX XXXX St is dated XXXX. Please provide the most recent statement.<br> .<br>Seller Comment (XXXX-05-21): (Rate Lock) Updated 1003 - removed XXXX St - and uploaded XXXX for the updated refi<br>Reviewer Comment (XXXX-05-20): Please provide an updated 1003 application and XXXX St documents.<br>Seller Comment (XXXX-05-18): (Rate Lock) The XXXX address is not reflected on the VOM as it did not close, please confirm just XXXX is needed<br>Reviewer Comment (XXXX-05-14): Insurance verification for properties XXXX St provided. XXXX St documents are from XXXX, more recent documents required. The mortgage statement for XXXX Ln not provided.<br>Seller Comment (XXXX-05-14): (Rate Lock) docs provided; XXXX did not close at the time of UW this loan.<br>Reviewer Comment (XXXX-04-13): Please provide document which shows that property expenses are paid by business, Exception remains.<br>Seller Comment (XXXX-04-09): (Rate Lock) Docs not needed as these are owned by LLCs | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Certificate of Good Standing within 120 days prior to note date for the borrowing entity was not provided in file. File is missing insurance verification for properties on XXXX St and XXXX St and the mortgage statement for XXXX Ln. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous<br>Miscellaneous | Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 748<br>Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history.<br>Real Estate Investment experience. | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-14): COGS is dated post close. Guidelines require verification prior to closing.<br>Seller Comment (XXXX-05-14): (Rate Lock) COGs provided<br>Reviewer Comment (XXXX-05-13): COGs provided was done XXXX, loan closed XXXX. Unable to determine if business was in good standing during loan origination. Additionally, proof showing property expenses are paid by the business was not provided.<br>Seller Comment (XXXX-05-12): (Rate Lock) Guidelines do not require the COGs to be pulled within a certain timeframee<br>Reviewer Comment (XXXX-04-13): Please provide Certificate of Good Standing within 120 days prior to note date for the borrowing entity was not provided in file also provide document which shows that property expenses are paid by business, Exception remains.<br>Seller Comment (XXXX-04-09): (Rate Lock) Docs not needed as these are owned by LLCs |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120553 | XXXX | XXXX | XXXX | XXXX | Property | Credit | General | Credit | The property type differs between the valuation documents in file. Unable to verify the property type. Ineligible per guidelines. |  | The property type differs between the two appraisal documents. Recent appraisal documents show units as "three" and oldest appraisal documents show units as "two". Provide the oldest appraisal document with corrected units. |  |  |  | Reviewer Comment (XXXX-05-05): Received updated appraisal in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of good standing within 90 days prior to closing was not provided. |  |  |  | Reviewer Comment (XXXX-04-08): COGS provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Access letter from the partner allowing the use of business funds by the borrower for XXXX LLC was not provided. |  |  |  | Reviewer Comment (XXXX-05-12): Letter provided.<br>Seller Comment (XXXX-05-12): (Rate Lock) Correction - this account is used - and the LOE includes the bank account information, but the name of the business was not stated on it - please review<br>Seller Comment (XXXX-05-12): (Rate Lock) This account is not needed<br>Reviewer Comment (XXXX-04-08): Access letter provided is for the borrowing entity and XXXX XXXX. Access letter for XXXX LLC still missing. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120688 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for subject being zoned rural on greater than 10 acres. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower has verified disposable income of at least XXXX0.00. | DTI: 34.61676% <br> Guideline Maximum DTI: 55.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX | XXXX | Reviewer Comment (XXXX-05-13): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120688 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-05-21): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-19): (Rate Lock) Lender accepts Ev2 |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120688 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Secondary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-05-21): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-19): (Rate Lock) Lender accepts Ev2 |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Borrower has owned current business less than 2 years. File is missing verification of previous employment to verify work in the same field for at least 4 years. |  |  |  | Reviewer Comment (XXXX-05-22): WVOE provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX VVOE - Employment Only | Borrower has owned current business less than 2 years. File is missing verification of previous employment to verify work in the same field for at least 4 years. |  |  |  | Reviewer Comment (XXXX-05-22): WVOE provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Investor Qualifying Residual income discrepancy. | Calculated investor qualifying disposable income of XXXX is less than AUS required disposable income of XXXX. | Residual income is less than the required XXXX. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 785<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-06-03): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-06-03): (Rate Lock) This has been removed as a comp factor<br>Reviewer Comment (XXXX-06-03): Borrower has not worked in the same job more than 3 years. Please update comp factors.<br>Reviewer Comment (XXXX-04-27)XXXXlculated residual income is XXXX. Required residual income per guidelines is XXXX.<br>Seller Comment (XXXX-04-24): (Rate Lock) Min Residual income is XXXX0 per guidelines - can also add additional for each dependent. Residual income is XXXX5.66 |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation discrepancy due to Borrower's has owned current business less than 2 years. File is missing verification of previous employment to verify work in the same field for at least 4 years. |  |  |  | Reviewer Comment (XXXX-05-22): WVOE provided. System cleared.<br>Reviewer Comment (XXXX-04-29): CPA letter provided shows CPA prepared tax returns for borrower from XXXX to XXXX. Please provide verification of employment at The XXXX which was from XXXX to XXXX. Verification should reflect dates of employment. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Borrower's has owned current business less than 2 years. File is missing verification of previous employment to verify work in the same field for at least 4 years. |  |  |  | Reviewer Comment (XXXX-05-22): WVOE provided. System cleared.<br>Reviewer Comment (XXXX-04-27): CPA letter provided is for XXXX Education. Please provide evidence of employment for The XXXX as it is borrower's most recent prior employment. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Borrower's has owned current business less than 2 years. File is missing verification of previous employment to verify work in the same field for at least 4 years. |  |  |  | Reviewer Comment (XXXX-05-22): WVOE provided. System cleared.<br>Reviewer Comment (XXXX-04-27): CPA letter provided is for XXXX Education. Please provide evidence of employment for The XXXX as it is borrower's most recent prior employment. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Subject is a non warrantable condo. |  |  |  | Reviewer Comment (XXXX-04-30): Guidelines allow | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for floors XXXX being a hotel. HOA shares amenities with the hotel. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for subject being a XXXX condo refinance. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for borrower not having a 12-month housing history when subject is an investment property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for Permanent Resident card expired. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-05): XXXX received PCCD, LOE and proof of mailing.<br>Seller Comment (XXXX-05-05): (Rate Lock) PCCD provided |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | For account XXXX, access letter from other members was provided. However, third-party verification that use of business funds will not have a negative impact on business was not provided. Third-party verification of ownership percentages of business entity was also not provided. Ownership percentages cannot be determined using the owners of the business. Access letter from other members was not provided for account XXXX. Third-party verification of ownership percentages is also required. |  |  |  | Reviewer Comment (XXXX-05-05): Received evidence of access to funds in trailing docs.<br>Seller Comment (XXXX-05-05): (Rate Lock) Again, the CPA letter provided shows borrowers ownership and no negative impact<br>Reviewer Comment (XXXX-04-13): Please provide third-party verification of ownership percentages and access letters from other members for XXXX XXXX, and XXXX Inc. Also provide third-party verification that use of business funds will not have a negative impact on the businesses.<br>Seller Comment (XXXX-04-09): (Rate Lock) Proof of ownership % and no negative impact provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | For account XXXX, access letter from other members was provided. However, third-party verification that use of business funds will not have a negative impact on business was not provided. Third-party verification of ownership percentages of business entity was also not provided. Ownership percentages cannot be determined using the owners of the business. Access letter from other members was not provided for account XXXX. Third-party verification of ownership percentages is also required. |  |  |  | Reviewer Comment (XXXX-05-05): Received evidence of access to funds in trailing docs.<br>Seller Comment (XXXX-05-05): (Rate Lock) Again, the CPA letter provided shows borrowers ownership and no negative impact<br>Reviewer Comment (XXXX-04-13): Please provide third-party verification of ownership percentages and access letters from other members for XXXX XXXX, and XXXX Inc. Also provide third-party verification that use of business funds will not have a negative impact on the businesses.<br>Seller Comment (XXXX-04-09): (Rate Lock) Proof of ownership % and no negative impact provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to missing asset documents. |  |  |  | Reviewer Comment (XXXX-05-05): Received access letter from other partners.<br>Seller Comment (XXXX-05-05): (Rate Lock) 1003 removing business assets; there is over XXXXK left and not needed. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing asset documents. |  |  |  | Reviewer Comment (XXXX-05-05): Received access letter from other partners.<br>Seller Comment (XXXX-05-05): (Rate Lock) 1003 removing business assets; there is over XXXXK left and not needed.<br>Reviewer Comment (XXXX-04-23): Access letter provided, however borrower owns 25% of the company, the letter received is from a partner that owns 33% of the company. Guidelines require access letter from all partners | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing asset documents. |  |  |  | Reviewer Comment (XXXX-05-05): Received access letter from other partners.<br>Seller Comment (XXXX-05-05): (Rate Lock) 1003 removing business assets; there is over XXXXK left and not needed. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 49.45459% significantly exceeds the guideline maximum of 43.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | DTI exceeds maximum allowable of 43% for borrower living rent free. |  |  |  | Reviewer Comment (XXXX-05-05): Borrower 2 has housing history reported on the credit report.<br>Seller Comment (XXXX-05-05): (Rate Lock) The other borrower had a housing history. The 43% limit should not apply. It is reflected on XXXX's credit | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 49.45459% exceeds Guideline total debt ratio of 43.00000%. | Calculated investor qualifying total debt ratio of 49.45459% exceeds Guideline total debt ratio of 43.00000%. |  |  |  | Reviewer Comment (XXXX-05-05): Verified borrower 2 has a housing history.<br>Seller Comment (XXXX-05-05): (Rate Lock) The other borrower had a housing history. The 43% limit should not apply. It is reflected on XXXX's credit | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The insured name on the hazard declaration page provided does not match the vesting name. |  |  |  | Reviewer Comment (XXXX-05-11): Received updated HOI in trailing docs.<br>Seller Comment (XXXX-05-11): (Rate Lock) Updated HOI provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrowers living rent free may be considered on a case-by-case basis. Attestation from the homeowner will be required. Attestation was not provided. |  |  |  | Reviewer Comment (XXXX-05-11): Received letter ion trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) letter provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | Valuation Type: Appraisal / Valuation Report Date: XXXX | The city name on Note and SI is XXXX. Appraisal shows city as XXXX. |  |  |  | Reviewer Comment (XXXX-05-22): Appraisal provided with updated address. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. |  | The city name on Note and SI is XXXX. Flood certificate shows city as XXXX. |  |  |  | Reviewer Comment (XXXX-04-15): Flood certificate with updated city provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. |  | The city name on Note and SI is XXXX. Hazard Insurance policy shows city as XXXX. |  |  |  | Reviewer Comment (XXXX-06-04): Processor certification and zip code lookup provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The borrower does not have a primary residence payment history. Lives rent-free. | Borrower has owned the subject property for at least 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Reserves: 18.39<br> Guideline Requirement: 12.00<br>Loan to Value: 54.05403%<br> Guideline Maximum Loan to Value: 75.00000%<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-03-31): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120600 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.75 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.75 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00 | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 727<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-26): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-11): PITIA is XXXX. Reserves required for 6 months is XXXX. Total cash-out being used for reserves is XXXX. XXXX/XXXX = 9.12. Months reserves available is 9.12 months.<br>Seller Comment (XXXX-05-07): (Rate Lock) Please provide calculation<br>Reviewer Comment (XXXX-05-01): Please provide updated lender exception reflecting calculated PITIA reserves. Lender exception form provided shows calculated PITIA reserves of 11 months, and Due Diligence Calculated PITIA months reserves are 9.27. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120551 | XXXX | XXXX | XXXX | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: Preliminary; <br> StateXXXX | The Title Commitment or Preliminary Title Policy amount is blank. If the commitment or prelim does not state a coverage amount, an exception must be set. |  |  |  | Reviewer Comment (XXXX-04-20): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-04-17): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120551 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file is missing third-party verification to verify that the business was active within 120 days of the Note Date. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly mortgage payment has decreased by at least 20%.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-06-03): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-04-24): The CPA letter does not indicate the business is open and active. The State ofXXXXsearch is more than 4 months prior.<br>Seller Comment (XXXX-04-23): (Rate Lock) letter provided |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120551 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Third Party Verification | Loan file is missing third-party verification to verify that the business was active within 120 days of the Note Date. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly mortgage payment has decreased by at least 20%.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-06-03): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-04-24): The CPA letter does not indicate the business is open and active. The State ofXXXXsearch is more than 4 months prior.<br>Seller Comment (XXXX-04-23): (Rate Lock) letter provided |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX Ave, XXXXXXXX Insurance Verification | File is missing proof of hazard insurance for XXXX Ave property. |  |  |  | Reviewer Comment (XXXX-06-03): HOI policy provided.<br>Seller Comment (XXXX-06-02): (Rate Lock) HOI provided<br>Reviewer Comment (XXXX-05-13): Loan Registry Section of the Fraud Report reflects a XXXX loan for XXXX Ave and provides our individual borrower as the borrower on that loan. Title can be deeded to an LLC, however the Loan Registry and the monthly statement for mortgage account ending XXXX reflect the individual as responsible. Please provide the Note showing the property in LLC only, or the payment history that would satisfy Guidelines for the liability being paid by another and able to be excluded.<br>Seller Comment (XXXX-05-11): (Rate Lock) 1008 provided including the payments<br>Reviewer Comment (XXXX-04-20): Please provide proof that the housing payments are being paid by the business for exclusion.<br>Seller Comment (XXXX-04-16): (Rate Lock) vested owner shows under the borrowers LLC on both properties per Fraud<br>Reviewer Comment (XXXX-04-13): Mortgage statement shows borrower pays for the mortgage. The Insurance verification is only required to accurately calculate the property's PITIA since the HOI is not escrowed.<br>Seller Comment (XXXX-04-09): (Rate Lock) Not required since the vested owner shows under the borrowers LLC on both properties. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX, XXXXXXXX Insurance Verification | File is missing proof of hazard insurance for XXXX property. |  |  |  | Reviewer Comment (XXXX-05-13): Property vested in LLC. Note reflects the LLC as only borrower. PIT counted against borrower when not needed.<br>Seller Comment (XXXX-05-11): (Rate Lock) 1008 provided including the payments<br>Reviewer Comment (XXXX-04-20): Please provide proof that the housing payments are being paid by the business for exclusion.<br>Seller Comment (XXXX-04-16): (Rate Lock) vested owner shows under the borrowers LLC on both properties per Fraud<br>Reviewer Comment (XXXX-04-13): Property is listed as borrower owned on the 1003, please provide proof that borrower does not pay for the property expenses.<br>Seller Comment (XXXX-04-09): (Rate Lock) Not required since the vested owner shows under the borrowers LLC on both properties. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Borrower's assets are insufficient to satisfy reserve requirements. Borrower owns 80% of the company and file is missing an access letter from partner to allow the use of business funds. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has been employed in the same industry for more than 5 years.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 723<br>Borrower has been employed in the same industry for more than 5 years.<br>0 X 30 X 12 credit history. | XXXX | Reviewer Comment (XXXX-05-28): Received lender exception to use post-close dated access letter.<br>Seller Comment (XXXX-05-28): (Rate Lock) approved exception provided. please dwngrade and waive | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.22 is less than Guideline PITIA months reserves of 6.00. | Borrower's assets are insufficient to satisfy reserve requirements. Borrower owns 80% of the company and file is missing an access letter from partner to allow the use of business funds. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has been employed in the same industry for more than 5 years.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 723<br>Borrower has been employed in the same industry for more than 5 years.<br>0 X 30 X 12 credit history. | XXXX | Reviewer Comment (XXXX-05-28): Received lender exception to use post-close dated access letter.<br>Seller Comment (XXXX-05-28): (Rate Lock) approved exception provided. please dwngrade and waive | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Borrower owns 80% of the company and file is missing an access letter from partner to allow the use of business funds. |  |  |  | Reviewer Comment (XXXX-05-28): Received lender exception to use post-close dated access letter.<br>Seller Comment (XXXX-05-28): (Rate Lock) approved exception provided. please dwngrade and waive | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Borrower owns 80% of the company and file is missing an access letter from partner to allow the use of business funds. |  |  |  | Reviewer Comment (XXXX-05-28): Received lender exception to use post-close dated access letter.<br>Seller Comment (XXXX-05-28): (Rate Lock) approved exception provided. please dwngrade and waive | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to insufficient assets to satisfy reserve requirement and access letter missing for use of business funds. |  |  |  | Reviewer Comment (XXXX-05-28): Received lender exception to use post-close dated access letter.<br>Seller Comment (XXXX-05-28): (Rate Lock) approved exception provided. please dwngrade and waive<br>Reviewer Comment (XXXX-05-20): Document provided is dated post-close.<br>Reviewer Comment (XXXX-05-13): Please provide pre-close documentation that was relied upon to show borrower has full access to business funds. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to insufficient assets to satisfy reserve requirement and access letter missing for use of business funds. |  |  |  | Reviewer Comment (XXXX-05-28): Received lender exception to use post-close dated access letter.<br>Reviewer Comment (XXXX-05-04): Asset letter dated post close. Please provide per close documentation. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX Rd, XXXXXXXX Insurance Verification | Hazard insurance policy missing for XXXX address. |  |  |  | Reviewer Comment (XXXX-04-23): Statement provided.<br>Seller Comment (XXXX-04-21): (Rate Lock) Tax and Ins escrows are included in monthly payment. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file is missing a third party verification showing that the business has been in existence for at least 2 years. |  |  |  | Reviewer Comment (XXXX-04-23): TPV provided.<br>Seller Comment (XXXX-04-21): (Rate Lock) doc provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Hazard insurance policy missing for XXXX address. |  |  |  | Reviewer Comment (XXXX-05-28): Received lender exception to use post-close dated access letter.<br>Reviewer Comment (XXXX-05-20): Exception will be cleared when the exceptions for the assets requirement has been cleared.<br>Seller Comment (XXXX-05-19): (Rate Lock) tax statement provided<br>Reviewer Comment (XXXX-05-04): Statement says taxes and/or, unable to determine if it encompasses hazard as well.<br>Reviewer Comment (XXXX-04-23): Assets insufficient.<br>Seller Comment (XXXX-04-21): (Rate Lock) Tax and Ins escrows are included in monthly payment. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Third Party Verification | Loan file is missing a third party verification showing that the business has been in existence for at least 2 years. |  |  |  | Reviewer Comment (XXXX-04-23): TPV provided.<br>Seller Comment (XXXX-04-21): (Rate Lock) doc provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception for post-dated access letter. | Borrower has been employed in the same industry for more than 5 years.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 723<br>0 X 30 X 12 credit history. | XXXX | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120603 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-15): XXXX received a valid COC.<br>Seller Comment (XXXX-05-14): (Rate Lock) Cert provided<br>Reviewer Comment (XXXX-05-12): XXXX received rebuttal comment which seems a valid information was received to lender from appraiser but to verify the same, please provide conversation log or appraiser comment or email log. This can be considered as valid COC if all TRID timing requirements are met.<br>Seller XXXX was accepted. This order's fee will be increased from XXXX to XXXX. Vendor Reason: additional fee, million dollar property. The invoice is when the appraiser was made aware and the lender. We are compliant with re-disclosing the increase in fee and no cure is needed.<br>Reviewer Comment (XXXX-05-06): XXXX received appraisal invoice which shows the fee was charged for complex property but it does not provide detailed information as to what the complexities in the property which are not known and when was the appraiser has identified the same. Additionally, the COC dated XXXX in file also not provides the sufficient reason for change. Please provide more information regarding property complexity or cure would be due to the borrower.<br>Seller Comment (XXXX-05-05): (Rate Lock) Invoice shows order date of XXXX when lender was made aware. Increase in fee is due to complexity fee charged | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Investor Qualifying Residual income discrepancy. | Calculated investor qualifying disposable income of XXXX is less than AUS required disposable income of XXXX. | Calculated investor qualifying disposable income of XXXX is less than AUS required disposable income of XXXX. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Lender Exception with Compensating Factors provided. Downgraded and Waived. | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-04-27): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-04-24): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. |  |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. |  |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 5.01840% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of XXXX on a Federal Total Loan Amount of XXXX vs. an allowable total of XXXX (an overage of XXXX or .01840%). Non-Compliant High Cost Loan. | Points and Fees on subject loan of 5.01840% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of XXXX on a Federal Total Loan Amount of XXXX vs. an allowable total of XXXX |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Waterfall due to testing as HOEPA High-Cost Mortgage Loan. |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided.<br>Reviewer Comment (XXXX-04-30): There are different Undiscounted Rates listed on the Compliance Ease vs XXXX, and no Undiscounted Rate Price provided on the Compliance Ease. Please provide a statement of the Undiscounted Rate and the Undiscounted Rate Price. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) XXXX High Risk Home Loan (Consumer Caution Notice Not Provided) | XXXX High Risk Home Loan: Borrower not provided with Consumer Caution Notice. |  |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | See any available cure under XXXX High-Risk threshold exception. C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Provision) XXXX High Risk Home Loan (Impermissible Financing of Points and Fees) | XXXX High Risk Home Loan: Lender financed points and fees not permissible. |  |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | See any available cure under XXXX High-Risk threshold exception. C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Late Charge | (State High Cost Provision) XXXX High Risk Home Loan (Late Charge) | XXXX High Risk Home Loan: Mortgage loan contains an impermissible late charge greater than 4%. | XXXX High Risk Home Loan: Mortgage loan contains an impermissible late charge greater than 4%. |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | See any available cure under XXXX High-Risk threshold exception. C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) XXXX High Risk Home Loan (Mortgage Awareness Program ("MAP") Not Provided) | XXXX High Risk Home Loan: Borrower not notified of right to participate in Mortgage Awareness Program ("MAP"). |  |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided.<br>Reviewer Comment (XXXX-05-14): Right to Participate not provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | See any available cure under XXXX High-Risk threshold exception. C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost) XXXX High Risk Home Loan (Points and Fees) | XXXX High Risk Home Loan Act: Points and Fees on subject loan of 5.01840% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees totaXXXX on a Total Loan Amount of XXXX vs. an allowable total of XXXX (an overage of XXXX or .01840%). Non-Compliant High Cost Loan. | XXXX High Risk Home Loan Act: Points and Fees on subject loan of 5.01840% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees totaXXXX on a Total Loan Amount of XXXX vs. an allowable total of XXXX |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided.<br>Reviewer Comment (XXXX-04-30): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: XXXX High Risk Home Loan Act: Points and Fees on subject loan of 5.08459% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees totaXXXX on a Total Loan Amount of XXXX vs. an allowable total of XXXX (an overage of XXXX or .08459%). Non-Compliant High Cost Loan.<br>Reviewer Comment (XXXX-04-30): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: XXXX High Risk Home Loan Act: Points and Fees on subject loan of 5.01840% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees totaXXXX on a Total Loan Amount of XXXX vs. an allowable total of XXXX (an overage of XXXX or .01840%). Non-Compliant High Cost Loan.<br>Reviewer Comment (XXXX-04-29): Cure Period Expired. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Within 30 days of closing, provide: (1) Lender Attestation to AMC attesting the lender has not received any notice from borrower of the failure; (2) Letter of Explanation; (3) refund of amount over the high-risk threshold maximum; and (4) proof of mailing (must be in transit with courier).<br>(Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 60 days of discovery, provide: <br> (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the high-risk threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | XXXX SB 1894 | XXXX Lending Database Program (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. |  |  |  |  | Reviewer Comment (XXXX-06-04): Certificate provided.<br>Reviewer Comment (XXXX-06-04): Please provide a certificate of compliance authorizing county Recorder of Deeds to record the mortgage. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) | Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and may not be found in the file for loans that have not been previously sold) |  |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower |  |  |  |  | Reviewer Comment (XXXX-06-03): Waiver for HOEPA threshold provided. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. |  |  |  |  | Reviewer Comment (XXXX-05-22): XXXX received wet signed H-9 RTC form with signature 3 business days prior to updated RTC expiration date. |  | XXXX |  | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX XXXX XXXX, XXXX XXXX, XXXX Insurance Verification | Insurance verification is missing for XXXX St. |  |  |  | Reviewer Comment (XXXX-05-19): HOI provided.<br>Seller Comment (XXXX-05-15): (Rate Lock) HOI provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Third-party verification within 120 days prior to note date that business is currently active was not in file. |  |  |  | Reviewer Comment (XXXX-06-05): Corp filing provided. Dated within 120 days of Note.<br>Seller Comment (XXXX-06-04): (Rate Lock) Doc provided confirming active<br>Reviewer Comment (XXXX-05-22): Third party verification that business is active is still missing. Exception remains.<br>Reviewer Comment (XXXX-05-19): Third party verification that business is active was not provided. Exception remains.<br>Reviewer Comment (XXXX-05-11): The CPA letter states the CPA FIRM and License is in good standing, not the borrower's business.<br>Seller Comment (XXXX-05-07): (Rate Lock) CPA states it is in good standing, which makes it active. This is acceptable for a third party VOE<br>Reviewer Comment (XXXX-05-07): CPA letter provided did not indicate that the business is still active. The business Instagram page is not a reliable source to prove business is active.<br>Seller Comment (XXXX-05-05): (Rate Lock) VOE provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Third Party Verification | Third-party verification within 120 days prior to note date that business is currently active was not in file. |  |  |  | Reviewer Comment (XXXX-06-05): Corp filing provided. Dated within 120 days of Note.<br>Seller Comment (XXXX-06-04): (Rate Lock) Doc provided confirming active<br>Reviewer Comment (XXXX-05-11): The CPA letter states the CPA FIRM and License is in good standing, not the borrower's business.<br>Seller Comment (XXXX-05-07): (Rate Lock) CPA states it is in good standing, which makes it active. This is acceptable for a third party VOE<br>Reviewer Comment (XXXX-05-07): CPA letter provided did not indicate that the business is still active. The business Instagram page is not a reliable source to prove business is active.<br>Seller Comment (XXXX-05-05): (Rate Lock) VOE provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | Valuation Type: Appraisal / Valuation Report Date: XXXX | The appraisal report shows the city as XXXX, Note and Security Instrument show XXXX City. |  |  |  | Reviewer Comment (XXXX-04-30): Updated appraisal provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. |  | Hazard Insurance shows the city as XXXX, Note and Security Instrument show XXXX City. |  |  |  | Reviewer Comment (XXXX-05-13): Address updated.<br>Seller Comment (XXXX-05-11): (Rate Lock) HOI provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. |  | Flood certificate shows the city as XXXX, Note and Security Instrument show XXXX City. |  |  |  | Reviewer Comment (XXXX-04-29): Amended Flood certificate provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing within 90 days prior to the note was not provided. Search in file was not dated. |  |  |  | Reviewer Comment (XXXX-04-23): COGS provided.<br>Seller Comment (XXXX-04-21): (Rate Lock) Docs provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | XXXX | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec ID: 7 | Note Date: XXXX; Lien Position: 1 |  |  |  |  | Reviewer Comment (XXXX-05-12): Field Review Provided.<br>Reviewer Comment (XXXX-04-28): The Appraisal Desk Review Report provided is not complete. Valuation value, comparable XXXX and effective date of appraisal are not reflected on Appraisal. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | XXXX | XXXX | Property | Appraisal | Appraisal Reconciliation | Appraisal | Secondary valuation via Desk Review or Field Review does not support the value used to qualify. |  | Desk Review or Field Review value is missing. |  |  |  | Reviewer Comment (XXXX-05-12): Field Review Provided.<br>Reviewer Comment (XXXX-04-28): The Appraisal Desk Review Report provided is not complete. Valuation value, comparable XXXX and effective date of appraisal are not reflected on Appraisal. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | XXXX | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: XXXX; Lien Position: 1 |  |  |  |  | Reviewer Comment (XXXX-05-12): Client accepts EV2 Grade and elects to Waive. |  |  | XXXX | 2 A B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120546 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date XXXX; Disbursement Date: XXXX; Note Date: XXXX; Transaction Date: XXXX | Hazard Policy effective date is after the Note date. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-11): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-07): (Rate Lock) exception provided<br>Reviewer Comment (XXXX-04-30): Guidelines do not say certificate confirmation that there were no claims on the property can be used.<br>Seller Comment (XXXX-04-30): (Rate Lock) cert confirmation provided there has been no claims on the property<br>Reviewer Comment (XXXX-04-17): Hazard Policy effective date of XXXX is after funding date of XXXX.<br>Seller Comment (XXXX-04-16): (Rate Lock) Final SS confirms loan funded XXXX date HOI was effective |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120546 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.78 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR less than 1.00 for a first time investor. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-04-06): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120627 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for minimum square footage of 500 square feet not being met. Subject unit 1 is a GLA with XXXX square feet. | Borrower has owned the subject property for at least 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | Reserves: 28.96<br> Guideline Requirement: 6.00<br>Loan to Value: 43.26923%<br> Guideline Maximum Loan to Value: 75.00000%<br>The DSCR of 1.47 is greater than the minimum required DSCR of 1.00.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-01): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | XXXX | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: XXXX; Lien Position: 1 | CDA does not support the appraised value from primary appraisal. |  |  |  | Reviewer Comment (XXXX-05-12): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-08): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 A B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow subject property with GLA not supported by any of the comparable XXXX as well as having lower bedroom count. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 104.84<br> Guideline Requirement: 6.00<br>Loan to Value: 55.93923%<br> Guideline Maximum Loan to Value: 80.00000% | XXXX | Reviewer Comment (XXXX-05-07): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | Missing Articles of Formation for borrowing business entity. |  |  |  | Reviewer Comment (XXXX-05-12): Articles provided. | XXXX |  |  | 1 C A D | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Lender approved exception for appraisal made subject to an opening constructed via an archway or doorway so that all areas of the subject can be accessible from the interior of the dwelling. |  |  |  | Reviewer Comment (XXXX-05-04): Lender exception with comp factors applied.<br>Seller Comment (XXXX-04-30): (Rate Lock) Can we downgrade and clear ? | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX plus 10% or XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. (0) | Ten percent tolerance was exceeded by XXXX due to an increase in the Survey fee. No valid COC was provided, nor was evidence of cure found in the file. Provide a post-close Closing Disclosure disclosing the tolerance cure, a copy of the refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (XXXX-05-08): XXXX received corrected PCCD and LOE.<br>Reviewer Comment (XXXX-05-06): Re-open: XXXX received corrected PCCD but missing LOE to borrower to accompanying CD. LOE is required for remediations.<br>Reviewer Comment (XXXX-05-06): XXXX received corrected PCCD and LOE moving the fee from section B to C.<br>Seller Comment (XXXX-05-05): (Rate Lock) CD with fee incorrect place provided<br>Reviewer Comment (XXXX-05-01): XXXX received a rebuttal comment; however, the survey fee was initially disclosed in Section C under "Borrower Can Shop for the Service." On the final Closing Disclosure, the fee was disclosed in Section B under "Borrower Cannot Shop for the Service." As a result, the fee was calculated under the 10% tolerance categoryXXXXusing it to exceed the allowable 10% tolerance. A valid Change of Circumstance (COC) for the increased fee or a cure to the borrower is required.<br>Seller Comment (XXXX-04-30): (Rate Lock) Borrower shopped for survey fee based on the XXXX SSPL | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. (Final/XXXX) | Final Closing Disclosure provided on XXXX did not disclose the reason why loan does not have an escrow. |  |  |  | Reviewer Comment (XXXX-05-08): XXXX received Letter of Explanation & Corrected Closing Disclosure. |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for appraisal made subject to an opening constructed via an archway or doorway so that all areas of the subject can be accessible from the interior of the dwelling. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Loan to Value: 30.82967%<br> Guideline Maximum Loan to Value: 80.00000%<br>DTI: 19.18324% <br> Guideline Maximum DTI: 50.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 784<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. | Please provide a copy of the final title policy or an addendum to the report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (XXXX-04-23): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-04-22): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 3.23 is less than Guideline PITIA months reserves of 6.00. | Calculated PITIA months reserves of 3.23 is less than Guideline PITIA months reserves of 6.00. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly mortgage payment has decreased by at least 20%.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Loan to Value: 32.92553%<br> Guideline Maximum Loan to Value: 70.00000%<br>DTI: 14.45353% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 746 | XXXX | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-18): (Rate Lock) Updated CFs provided |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to insufficient reserves. |  |  |  | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared.<br>Seller Comment (XXXX-05-18): (Rate Lock) Updated CFs provided | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to insufficient reserves. |  |  |  | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared.<br>Seller Comment (XXXX-05-18): (Rate Lock) Updated CFs provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | ODs exceed maximum allowable of 5. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly mortgage payment has decreased by at least 20%.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Loan to Value: 32.92553%<br> Guideline Maximum Loan to Value: 70.00000%<br>DTI: 14.45353% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 746 | XXXX | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-18): (Rate Lock) Updated CFs provided<br>Reviewer Comment (XXXX-04-07): Two compensating factors were provided for 4 exceptions. Please provided additional comp factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to insufficient reserves. |  |  |  | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared.<br>Seller Comment (XXXX-05-18): (Rate Lock) Updated CFs provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Assets are insufficient to cover reserves. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly mortgage payment has decreased by at least 20%.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Loan to Value: 32.92553%<br> Guideline Maximum Loan to Value: 70.00000%<br>DTI: 14.45353% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 746 | XXXX | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-18): (Rate Lock) Updated CFs provided<br>Reviewer Comment (XXXX-04-07): Two compensating factors were provided for 4 exceptions. Please provided additional comp factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow payoff of seller's loan of XXXX. The deed dated XXXX shows transfer of property to the borrower for XXXXk. There was no cash payment made to the previous owner. Instead, the borrower will be paying the previous owner's loan. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly mortgage payment has decreased by at least 20%.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Loan to Value: 32.92553%<br> Guideline Maximum Loan to Value: 70.00000%<br>DTI: 14.45353% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 746 | XXXX | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-18): (Rate Lock) Updated CFs provided<br>Reviewer Comment (XXXX-04-07): Two compensating factors were provided for 4 exceptions. Please provided additional comp factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met |  | ODs exceed maximum allowable of 5. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Guidelines Representative FICO: 660<br> Representative FICO: 746<br>DTI: 14.45353% <br> Guideline Maximum DTI: 55.00000% | XXXX | Reviewer Comment (XXXX-05-05): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender requested exception to allow a loan amount greater than the acquisition cost. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly mortgage payment has decreased by at least 20%.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Loan to Value: 32.92553%<br> Guideline Maximum Loan to Value: 70.00000%<br>DTI: 14.45353% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 746 | XXXX | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-18): (Rate Lock) Updated CFs provided<br>Reviewer Comment (XXXX-04-07): Two compensating factors were provided for 4 exceptions. Please provided additional comp factors.<br>Reviewer Comment (XXXX-04-07): Lender exception shows a loan amount of XXXX; loan amount is XXXX. Please correct lender exception. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Presale is less than 20% Ownership Occupancy (6%) for non-warrantable condo. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly mortgage payment has decreased by at least 20%.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Prior Housing Expense: XXXX<br> Proposed Housing Expense: XXXX<br>Reserves: 85.85<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 16.38%<br> Borrower's Own Funds Amount: XXXX<br>Guidelines Representative FICO: 700<br> Representative FICO: 784 | XXXX | Reviewer Comment (XXXX-04-10): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | XXXX | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: Preliminary; <br> StateXXXX | Preliminary title policy amount is blank. |  |  |  | Reviewer Comment (XXXX-04-15): Supplemental report provided.<br>Seller Comment (XXXX-04-13): attached<br>Seller Comment (XXXX-04-13): Seller requests buyer review: Lender accepts finding | XXXX |  |  | 1 B A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | Valuation Type: Desk Review / Valuation Report Date: XXXX | Note address is XXXX Dr XXXX, Desk review address XXXX XXXX Dr XXXX. |  |  |  | Reviewer Comment (XXXX-05-05): CDA with updated address provided.<br>Seller Comment (XXXX-05-01): ATTACHED<br>Reviewer Comment (XXXX-04-27)XXXXnnot downgrade and waive. Please provide corrected document.<br>Seller Comment (XXXX-04-22): Lender accepts the finding, requests a downgrade based on comp factors<br>Reviewer Comment (XXXX-04-15): Address verification provided does not verify that XXXX Dr XXXX per note is same as address on valuation of XXXX XXXX Dr XXXX.<br>Seller Comment (XXXX-04-15): attached address verf | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. |  | Note address XXXX Dr XXXX, which is different from Flood certificate address XXXX Dr XXXX. |  |  |  | Reviewer Comment (XXXX-04-29): Corrected Flood certificate provided.<br>Seller Comment (XXXX-04-28): updated flood cert<br>Reviewer Comment (XXXX-04-27)XXXXnnot downgrade and waive. Please provide corrected document.<br>Seller Comment (XXXX-04-22): Lender accepts the finding, requests a downgrade based on comp factors<br>Reviewer Comment (XXXX-04-15): Address verification provided does not verify that XXXX Dr XXXX per note is same as address on Flood certificate of XXXX Dr XXXX.<br>Seller Comment (XXXX-04-15): attached<br>Seller Comment (XXXX-04-13): Seller requests buyer review: Lender accepts finding | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) | Evidence of borrower's receipt of the appraisal was not provided. |  |  |  | Reviewer Comment (XXXX-04-16): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-04-15): Lender accepts finding, pls waive<br>Reviewer Comment (XXXX-04-15): Evidence of borrower's receipt of the appraisal was not provided. Client can elect to waive.<br>Seller Comment (XXXX-04-15): Address verified<br>Seller Comment (XXXX-04-13): Seller requests buyer review: Lender accepts finding |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX plus 10% or XXXX. Sufficient or excess cure was provided to the borrower at Closing. (0) |  |  |  |  | Reviewer Comment (XXXX-04-28): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Refinance - Rate/Term | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX, XXXXXXXX Insurance Verification | Insurance verification is missing for XXXX. |  |  |  | Reviewer Comment (XXXX-05-05): Received mortgage statement in trailing docs.<br>Reviewer Comment (XXXX-05-04): The mortgage statement reflects escrow but does not show which items are escrowed. Insurance verification required to verify escrow of XXXX on the mortgage statement.<br>Seller Comment (XXXX-05-01): (Rate Lock) This is only 1 property that is escrowed - please see the address on the MTG statement<br>Reviewer Comment (XXXX-04-30): Escrow in mortgage statement does not indicate which of the housing payments are escrowed. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. (Type:Primary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-04-30): Client accepts EV2 Grade and elects to Waive<br>Seller Comment (XXXX-04-30): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120606 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 75.00000% exceeds Guideline loan to value percentage of 70.00000%. | Lender approved exception to allow LTV of 75% versus maximum 70% for rural property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DSCR on the loan is greater than the guideline minimum. | The DSCR of 1.15 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-05-01): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120606 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 75.00000% exceeds Guideline combined loan to value percentage of 70.00000%. | Lender approved exception to allow CLTV of 75% versus maximum 70% for rural property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DSCR on the loan is greater than the guideline minimum. | The DSCR of 1.15 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-05-01): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120663 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. |  | Hazard Insurance and Flood Certificate are reflecting address "XXXX XXXX XXXX" whereas Note is reflecting "XXXX XXXX". |  |  |  | Reviewer Comment (XXXX-05-18): Received updated flood certificate in trailing docs.<br>Seller Comment (XXXX-05-14): (Rate Lock) Cert provided<br>Reviewer Comment (XXXX-05-13): FLOOD certificate reflects a different address to the Note.<br>Seller Comment (XXXX-05-11): (Rate Lock) Document reflects both, therefore they are one in the same and both is acceptable.<br>Reviewer Comment (XXXX-05-11): Flood certificate only has one address listed which does not match the Note address.<br>Reviewer Comment (XXXX-05-11): Document reflects both addresses.<br>Seller Comment (XXXX-05-07): (Rate Lock) Tax cert provided showing both addresses therefore one in the same and both are acceotable | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) | Evidence of borrower's receipt of the appraisal was not provided. |  |  |  | Reviewer Comment (XXXX-04-22): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-04-20): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Regular APR Change | TILA-RESPA Integrated Disclosure – Corrected Closing Disclosure issued on XXXX contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation. |  |  |  |  | Reviewer Comment (XXXX-04-21): XXXX received earlier electronic receipt proof | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Subject is a non warrantable condo. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 25.46<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 41.02%<br> Borrower's Own Funds Amount: XXXX<br>DTI: 28.92271% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 796 | XXXX | Reviewer Comment (XXXX-04-01): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall exception due to missing income document. |  |  |  | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared.<br>Reviewer Comment (XXXX-04-22): The CPA letter does not contain the verbiage that states the business is active.<br>Seller Comment (XXXX-04-20): (Rate Lock) CPA letter supports business is active | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall exception due to missing income document. |  |  |  | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared.<br>Reviewer Comment (XXXX-04-22): The CPA letter does not contain the verbiage that states the business is active.<br>Seller Comment (XXXX-04-20): (Rate Lock) CPA letter supports business is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file is missing verification that the business is open and active within 120 days of closing. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 25.46<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 41.02%<br> Borrower's Own Funds Amount: XXXX<br>DTI: 28.92271% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 796 | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-04-22): The CPA letter does not contain the verbiage that states the business is active.<br>Seller Comment (XXXX-04-20): (Rate Lock) CPA letter supports business is active |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall exception due to missing income document. |  |  |  | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared.<br>Reviewer Comment (XXXX-05-21): Document provided is dated post-close. Please provide a pre-closing documentation showing business was active within 120 days prior to closing.<br>Reviewer Comment (XXXX-04-22): The CPA letter does not contain the verbiage that states the business is active.<br>Seller Comment (XXXX-04-20): (Rate Lock) CPA letter supports business is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX XXXX XXXX Third Party Verification | Loan file is missing verification that the business is open and active within 120 days of closing. CPA letter did not indicate business is active. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 25.46<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 41.02%<br> Borrower's Own Funds Amount: XXXX<br>DTI: 28.92271% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 796 | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-21): Document provided is dated post-close. Please provide a pre-closing documentation showing business was active within 120 days prior to closing.<br>Reviewer Comment (XXXX-04-22): The CPA letter does not contain the verbiage that states the business is active.<br>Seller Comment (XXXX-04-20): (Rate Lock) CPA letter supports business is active |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. |  | Note shows city name as City of XXXX (XXXX Area), Hazard Insurance shows the city name as only XXXXs. |  |  |  | Reviewer Comment (XXXX-06-04): XXXX and zip match as well as mailing address on Tax Cert. XXXXs is suburb of XXXX. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Note shows city name as City of XXXX (XXXX Area), Appraisal shows the city name as only XXXXs. |  |  |  | Reviewer Comment (XXXX-06-03): Updated appraisal provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. |  | Note shows city name as City of XXXX (XXXX Area)XXXXood Certificate shows the city name as only XXXXs. |  |  |  | Reviewer Comment (XXXX-06-04): XXXX and zip match as well as mailing address on Tax Cert. XXXXs is suburb of XXXX. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Preliminary in file. | The Title Policy Amount of XXXX in the title supplemental report is less than the note amount of XXXX. |  |  |  | Reviewer Comment (XXXX-04-15): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-04-14): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow cash deposit of XXXX on XXXX for closing and reserves. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | DTI: 22.68563% <br> Guideline Maximum DTI: 43.00000% | XXXX | Reviewer Comment (XXXX-04-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on XXXX did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. (Final/XXXX) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-13): XXXX received LOE.<br>Seller Comment (XXXX-05-12): (Rate Lock) Please clear as attestation provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Good Faith Redisclosure C B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Taxes, Insurance And Assessments | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XXXX did not disclose an Estimated Taxes, Insurance, and Assessments payment. (Final/XXXX) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): XXXX received rebuttal comment. As per file the final CD which is wet signed by borrower but missing issue date, interest rate and incomplete page# 5. If this is an title CD and used only for the balancing purpose we need an lender attestation with explaining the same.<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX did not disclose the Finance Charge. (Final/XXXX) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID XXXX, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Homeowners Insurance Included In Escrow Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XXXX incorrectly disclosed whether Homeowners Insurance is included in escrow. (Final/XXXX) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID 0437, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Incomplete | TILA-RESPA Integrated Disclosure: Incomplete Closing Disclosure was signed by borrower and cannot be excluded from testing. Corresponding exceptions for inaccurate disclosures and under/over disclosures resulting from use of incomplete Closing Disclosure are valid and will need to be cured (if curable). (Final/XXXX) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID 0437, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | If complete CD was provided to consumer at consummation, provide copy of complete CD with all pages for review.<br>If complete CD was not provided to the consumer at consummation, inaccurate disclosures and under/over disclosures resulting from incomplete closing disclosure will require a cure. Provide the following: Letter of Explanation notifying borrower or error, Complete CD with accurate disclosures, copy of refund for any required restitution, and Proof of Delivery (Proof of receipt and reopened rescission also required if transaction is rescindable and material disclosures are inaccurate) B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Loan Term | TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XXXX did not disclose the Loan Term. (Final/XXXX) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID 0437, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Mortgage Insurance Payment | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XXXX did not disclose the mortgage insurance payment for payment stream 1. (ProjSeq:1/3154547) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID 0437, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Payment Calculation Years | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XXXX did not disclose a range of years. (ProjSeq:1/3154547) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID 0437, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Principal and Interest | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XXXX did not disclose the Principal and Interest Payment. (Final/XXXX) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID 0437, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Projected P&I Payment Min Payment Fixed Rate Initial Payment | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XXXX did not disclose the periodic principal and interest payment for payment stream 1. (ProjSeq:1/3154547) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID 0437, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Property Taxes Included In Escrow | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XXXX incorrectly disclosed whether property taxes are included in escrow. (Final/XXXX) | Final Closing Disclosure is incomplete. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID 0437, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX did not disclose the Total of Payments. (Final/XXXX) | Final Closing Disclosure provided on XXXX did not disclose the Total of Payments. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing.<br>Reviewer Comment (XXXX-05-08): XXXX received an email between title and lender stating signed CD missing information on page 5 was escrow prepared and for balancing. However, we did not receive the lender's attestation requested to finalize addressing the issue. Lender should attest the following as previously requested: Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-05-07): (Rate Lock) email from title provided<br>Reviewer Comment (XXXX-04-22): CD with missing Date Issued, Doc ID 0437, and has blank information on page 1 & page 5 loan calculations, but was wet signed by borrower at consummation on XXXX. XXXX received rebuttal that this is an escrow CD not prepared by lender. Lender should provide a written executed attestation confirming the incomplete CD was generated and inadvertently included by the settlement agent solely for the purpose of disclosing fees, notwithstanding the fact that the lender did not authorize or assign the settlement agent responsibility for issuing a CD, and the lender-issued XXXX CD at consummation e-signed by the consumer on XXXX @ XXXX am is the final CD that contains all disclosures required under 1026.19(f).<br>Seller Comment (XXXX-04-21): (Rate Lock) This is an escrow CD, not prepared by the lender, please confirm if you need written confirmation on this. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD | TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. (Final/XXXX) |  |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming final CD and CD signed by borrower that was incomplete was not issued to borrower by lender and settlement agent had borrower sign their CD copy at closing. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX plus 10% or XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. (0) | Total amount of XXXX exceeds tolerance of XXXX plus 10% or XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower |  |  |  | Reviewer Comment (XXXX-05-13): XXXX received LOE.<br>Reviewer Comment (XXXX-05-13): XXXX received corrected Closing disclosure. However, the LOE to borrower was not located in trailing documents. Please provide LOE to borrower to complete remediation.<br>Seller Comment (XXXX-05-11): (Rate Lock) Borrower shopped for survey fee; updated CD provided<br>Reviewer Comment (XXXX-05-05): The fee in question is the Survey fee disclosed as XXXX on the Final CD but as XXXX on the Initial LE.<br>Seller Comment (XXXX-05-05): (Rate Lock) Please advise which fees in the calculation? | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 89.98997% exceeds Guideline loan to value percentage of 80.00000%. | LTV exceeds guideline max of 80% for a borrower living rent free. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | DTI: 22.68563% <br> Guideline Maximum DTI: 43.00000% | XXXX | Reviewer Comment (XXXX-04-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 89.98997% exceeds Guideline combined loan to value percentage of 80.00000%. | LTV exceeds guideline max of 80% for a borrower living rent free. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | DTI: 22.68563% <br> Guideline Maximum DTI: 43.00000% | XXXX | Reviewer Comment (XXXX-04-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Regular APR Change | TILA-RESPA Integrated Disclosure – Corrected Closing Disclosure issued on XXXX contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation. | incomplete CD not issued to borrower |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received lender attestation confirming incomplete CD was completed by settlement, not issued to borrower, lender did not authorize and signed at closing not previously disclosed | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Purchase | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | The provided fraud report is incomplete. Please provide the complete set of fraud reports with all pages. |  |  |  | Reviewer Comment (XXXX-05-12): Complete Fraud Report provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | The provided Closing Statement is estimated. Please provide the executed final HUD-1 or Closing Statement. |  |  |  | Reviewer Comment (XXXX-05-12): Final Closing Statement provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | Borrower: XXXX XXXX | Lender approved exception for first time homebuyer. A FTHB is ineligible per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Loan to Value: 47.69231%<br> Guideline Maximum Loan to Value: 70.00000%<br>Guidelines Representative FICO: 700<br> Representative FICO: 806<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-12): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-08): (Rate Lock) Comp factor has been updated<br>Reviewer Comment (XXXX-05-07): Lender Exception indicates DSCR above 1.1 to use as a Compensating Factor. Calculated DSCR is 1.06. 1007 used for calculation of rental income. Please provide updated Comp Factor. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120705 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.98 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR of 0.98 is less than the guideline minimum of 1.00. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Guidelines Representative FICO: 660<br> Representative FICO: 786<br>Loan to Value: 53.15110%<br> Guideline Maximum Loan to Value: 75.00000% | XXXX | Reviewer Comment (XXXX-05-12): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-07): (Rate Lock) corrected form provided<br>Reviewer Comment (XXXX-05-05): DSCR under loan details on the Exception approval form is shown as 0.977, however the guideline exception description on the same form shows a DSCR of 0.929. Please update the exception form to reflect correct DSCR on the Guideline Exception Description. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-04-17): XXXX received COC dated 03/17 with supporting rate lock document for the pricing changed to decrease the lender credit.<br>Seller Comment (XXXX-04-16): (Rate Lock) LC provided<br>Reviewer Comment (XXXX-04-10): XXXX received Changed Circumstance dated XXXX, but it does not give specific and sufficient information on what new information was received in product or program that changed to impact the pricing and reduced the lender credit. In order to determine if the changed circumstance is valid more information is necessary on reason for the pricing changed and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.<br>Seller Comment (XXXX-04-09): (Rate Lock) CIC provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX Pt, XXXXXXXX Insurance Verification | Missing Insurance verification for XXXX Pt address. Statement indicates mortgage is escrowed, however, it does not indicate whether it is taxes, insurance, or both. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 12.43<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 748 | XXXX | Reviewer Comment (XXXX-04-23): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-04-23): Please provide insurance verification. From the statement and calculations, only taxes are escrowed. Insurance was then not included in DTI.<br>Reviewer Comment (XXXX-04-16): Exception is for missing Insurance verification. Please provide insurance policy for the XXXX property.<br>Seller Comment (XXXX-04-15): (Rate Lock) From the PDR of the property the taxes are XXXX/12=858.81?which matches the full escrow payment. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a rural property with XXXX acres and land value exceeds 35% of total property value. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | Guidelines Representative FICO: 660<br> Representative FICO: 748<br>Reserves: 12.43<br> Guideline Requirement: 6.00<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-04-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to use dispute resolved documentation from creditor vs obtaining a credit supplement from XXXX for XXXX dispute. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 748<br>Reserves: 12.43<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-04-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Loan file missing purchase contract addendum, reflecting decrease in purchase price. |  |  |  | Reviewer Comment (XXXX-05-13): Received XXXX contract addendum in trailing docs. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | XXXX | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: Preliminary; <br> StateXXXX | Provide a copy of the final title policy or an addendum to the report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (XXXX-04-24): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-04-22): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX XXXX, XXXXXXXX HOA Verification | HOA Verification for XXXX XXXX is missing from file. |  |  |  | Reviewer Comment (XXXX-05-04): Evidence of no HOA provided.<br>Seller Comment (XXXX-05-01): (Rate Lock) Please clear no HOA and VOE provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | XXXX | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: | Document Date was not provided on third party verification, Business Search. |  |  |  | Reviewer Comment (XXXX-05-04): Date SOS search pulled provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due missing document date on third party verification and HOA Verification for XXXX St. |  |  |  | Reviewer Comment (XXXX-05-04): Evidence of no HOA provided. Date SOS search pulled provided.<br>Seller Comment (XXXX-05-01): (Rate Lock) Please clear no HOA and VOE provided | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due missing document date on third party verification and HOA Verification for XXXX St. |  |  |  | Reviewer Comment (XXXX-05-04): Evidence of no HOA provided. Date SOS search pulled provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due missing document date on third party verification and HOA Verification for XXXX St. |  |  |  | Reviewer Comment (XXXX-04-24): No HOA. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Waterfall due missing document date on third party verification and HOA Verification for XXXX St. |  |  |  | Reviewer Comment (XXXX-05-04): Evidence of no HOA provided. Date SOS search pulled provided.<br>Seller Comment (XXXX-05-01): (Rate Lock) Please clear no HOA and VOE provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120609 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.82 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR is less than the guideline minimum of 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Miscellaneous<br>Borrower's Experience/Track Record | Reserves: 30.80<br> Guideline Requirement: 6.00<br>Low revolving credit utilization. Oldest tradeline 09/1995. No derogatory accounts listed on credit in the past 12 months.<br>Per Fraud report borrower has a history of owning multiple properties. | XXXX | Reviewer Comment (XXXX-05-29): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-28): (Rate Lock) Updated exception with additional CFs provided<br>Reviewer Comment (XXXX-05-27): The only comp factor provided is reserves. No additional comp factors provided to downgrade and waive the 2 exceptions in file.<br>Seller Comment (XXXX-05-27): (Rate Lock) Additional comp factors added<br>Reviewer Comment (XXXX-05-05): Please provide additional compensating factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120609 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 662 is less than Guideline representative FICO score of 700. | FICO of 662 is less than minimum requirement of 680. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Miscellaneous<br>Borrower's Experience/Track Record | Reserves: 30.80<br> Guideline Requirement: 6.00<br>Low revolving credit utilization. Oldest tradeline 09/1995. No derogatory accounts listed on credit in the past 12 months.<br>Per Fraud report borrower has a history of owning multiple properties. | XXXX | Reviewer Comment (XXXX-05-29): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-28): (Rate Lock) Updated exception with additional CFs provided<br>Reviewer Comment (XXXX-05-27): The only comp factor provided is reserves. No additional comp factors provided to downgrade and waive the 2 exceptions in file.<br>Seller Comment (XXXX-05-27): (Rate Lock) Additional comp factors added<br>Reviewer Comment (XXXX-05-05): Please provide additional compensating factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower (father) is living rent-free with B2 (son) when the loan is an investment property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 76.07<br> Guideline Requirement: 6.00<br>DTI: 43.79096% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 751 | XXXX | Reviewer Comment (XXXX-04-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception to allow reuse of a purchase appraisal for a cash-out refinance (delayed financing). | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 76.07<br> Guideline Requirement: 6.00<br>DTI: 43.79096% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 751 | XXXX | Reviewer Comment (XXXX-04-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Delayed Financing indicated and Delayed Financing Guidelines are not met. |  | Per the approval, the loan closed and was priced as a cash-out refinance. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 76.07<br> Guideline Requirement: 6.00<br>DTI: 43.79096% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 751 | XXXX | Reviewer Comment (XXXX-04-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide evidence of ownership percentage for each of the borrowers of "XXXX." as shown on the bank statements. The CPA letter states the borrowers are owners of XXXX Inc. |  |  |  | Reviewer Comment (XXXX-05-11): Received lender correspondence showing business name on the bank statement should be XXXX XXXX inc.<br>Reviewer Comment (XXXX-04-30): Funds generated by borrowing entity are deposited into a different business account, XXXX. No evidence of ownership of XXXX. was provided.<br>Seller Comment (XXXX-04-29): (Rate Lock) The CPA letter states each is a 50% owner of the business, what more is needed? | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation discrepancy due to missing lease agreements for the borrower's rental properties. |  |  |  | Reviewer Comment (XXXX-05-05): Property is a STR property. Year end summary and Paystubs used to verify WVOE income.<br>Seller Comment (XXXX-05-05): (Rate Lock) There are no lease agreements as this was short term rental and management approved to use a 12 month look back.<br>Short term rental non-subject:<br> - 3661 XXXX - XXXX = XXXX - expenses from management company to be conservative = XXXX / 12 = XXXX/mo. Will use 75% of this per guidelines.<br> This property is managed by XXXX so allowing use of the third party lookback. They also sent XXXX YTD but that hasn't rented much as it's so early in the year. Per internet lookup XXXX has not issued permits for STR's since XXXX, therefore not requiring. Spoke with management about all of this and in agreement.<br>XXXX - rental in XXXX = XXXX = XXXX /12 = XXXX/mo. Will use 75%. Have look back for XXXX and have XXXX and Feb, more than supporting amount being used. Have all STR documents required in file as well. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. (XXXX Dr (XXXX)/25% Vacancy Method) | Waterfall due to missing lease agreements for the borrower's rental properties. |  |  |  | Reviewer Comment (XXXX-05-05): Property is a STR property. Year end summary and Paystubs used to verify WVOE income.<br>Seller Comment (XXXX-05-05): (Rate Lock) There are no lease agreements as this was short term rental and management approved to use a 12 month look back.<br>Short term rental non-subject:<br> - 3661 XXXX - XXXX = XXXX - expenses from management company to be conservative = XXXX / 12 = XXXX/mo. Will use 75% of this per guidelines.<br> This property is managed by XXXX so allowing use of the third party lookback. They also sent XXXX YTD but that hasn't rented much as it's so early in the year. Per internet lookup XXXX has not issued permits for STR's since XXXX, therefore not requiring. Spoke with management about all of this and in agreement.<br>XXXX - rental inXXXX= XXXX = XXXX /12 = XXXX/mo. Will use 75%. Have look back for XXXX and have XXXX and Feb, more than supporting amount being used. Have all STR documents required in file as well. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. (XXXX XXXX XXXX/25% Vacancy Method) | Waterfall due to missing lease agreements for the borrower's rental properties. |  |  |  | Reviewer Comment (XXXX-05-05): Property is a STR property. Year end summary and Paystubs used to verify WVOE income.<br>Seller Comment (XXXX-05-05): (Rate Lock) There are no lease agreements as this was short term rental and management approved to use a 12 month look back.<br>Short term rental non-subject:<br> - 3661 XXXX - XXXX = XXXX - expenses from management company to be conservative = XXXX / 12 = XXXX/mo. Will use 75% of this per guidelines.<br> This property is managed by XXXX so allowing use of the third party lookback. They also sent XXXX YTD but that hasn't rented much as it's so early in the year. Per internet lookup XXXX has not issued permits for STR's since XXXX, therefore not requiring. Spoke with management about all of this and in agreement.<br>XXXX - rental inXXXX= XXXX = XXXX /12 = XXXX/mo. Will use 75%. Have look back for XXXX and have XXXX and Feb, more than supporting amount being used. Have all STR documents required in file as well. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing lease agreements for the borrower's rental properties. |  |  |  | Reviewer Comment (XXXX-05-05): Property is a STR property. Year end summary and Paystubs used to verify WVOE income.<br>Seller Comment (XXXX-05-05): (Rate Lock) There are no lease agreements as this was short term rental and management approved to use a 12 month look back.<br>Short term rental non-subject:<br> - 3661 XXXX - XXXX = XXXX - expenses from management company to be conservative = XXXX / 12 = XXXX/mo. Will use 75% of this per guidelines.<br> This property is managed by XXXX so allowing use of the third party lookback. They also sent XXXX YTD but that hasn't rented much as it's so early in the year. Per internet lookup XXXX has not issued permits for STR's since XXXX, therefore not requiring. Spoke with management about all of this and in agreement.<br>XXXX - rental inXXXX= XXXX = XXXX /12 = XXXX/mo. Will use 75%. Have look back for XXXX and have XXXX and XXXX, more than supporting amount being used. Have all STR documents required in file as well. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Waterfall due to missing lease agreements for the borrower's rental properties. |  |  |  | Reviewer Comment (XXXX-05-05): Property is a STR property. Year end summary and Paystubs used to verify WVOE income. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | Form H-9 for same lender refinance was used. Form H-8 should have been used. |  |  |  | Reviewer Comment (XXXX-05-11): Received Letter of Explanation, Proof of Delivery, and Re-opened Rescission using the correct model form in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) Doc provided |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | XXXX | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | Borrower: XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: CPA Letter / Document Date: / Tax Year: , Borrower: XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: | CPA letter and SOS search of business entity were not dated. |  |  |  | Reviewer Comment (XXXX-05-12): Dates for doc pulls/receipt provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to CPA letter and SOS search of business entity not being dated. |  |  |  | Reviewer Comment (XXXX-05-12): Dates for doc pulls/receipt provided. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to CPA letter and SOS search of business entity not being dated. |  |  |  | Reviewer Comment (XXXX-05-12): Dates for doc pulls/receipt provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | H-9 format of Right to Cancel was used instead of H-8; this is not a same lender refinance. |  |  |  | Reviewer Comment (XXXX-05-13): Client Provided the following: Letter of Explanation, Proof of Delivery, and Re-opened Rescission using the correct model form<br>Reviewer Comment (XXXX-05-12): This can be cured on XXXX midnight when rescission is complete.<br>Reviewer Comment (XXXX-05-12): Client provided the following: Letter of Explanation, Proof of Delivery, and Re-opened Rescission using the correct model form |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | CPA letter and SOS search of business entity were not dated. |  |  |  | Reviewer Comment (XXXX-05-12): Dates for doc pulls/receipt provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to CPA letter and SOS search of business entity not being dated. |  |  |  | Reviewer Comment (XXXX-05-12): Dates for doc pulls/receipt provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | The coverage is short by XXXX. Please provide sufficient coverage. RCE was not provided in the file. |  |  |  | Reviewer Comment (XXXX-05-12): RCE provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120722 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. Require updated title commitment or supplement report in the file. |  |  |  | Reviewer Comment (XXXX-05-13): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-11): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120865 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Third party verification provided does not show business is active. |  |  |  | Reviewer Comment (XXXX-06-03): Non-QM<br>Reviewer Comment (XXXX-06-03): UW used a business name search to evidence the business was active along with the business bank statements. Due to the business search not evidencing the business was active an exception is needed for an updated document to be used that clearly reflects the business is currently active.<br>Seller Comment (XXXX-05-29): Per client email - UW used a business name search to evidence the business was active along with the business bank statements. Due to the business search not evidencing the business was active an exception is needed for an updated document to be used that clearly reflects the business is currently active. | XXXX |  |  | 1 B A C | XXXX | XXXX | Second Home | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120865 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Third party verification provided does not show business is active. |  |  |  | Reviewer Comment (XXXX-06-03): Bank statement dated within 18 days of the Application date and 44 days prior to the Note date reflecting approximately XXXX business deposits. Pre-closing search completed showing business registered with Dept of Treasury and NJ Portal Business Search, but neither specifically stating Active or Suspended. Lender Exception requested to allow searches with bank statement as verification. Post close Cert of Good Standing in file. <br> XXXXk in monthly residual, 35% down, 78 mon reserves, 764 score, approx. 47 mon 0x30 mtg.<br>Reviewer Comment (XXXX-06-03): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-06-03): .<br>Reviewer Comment (XXXX-06-03): EV2-B with post-close lender exception documenting pre-close considerations. System cleared.<br>Reviewer Comment (XXXX-06-03): EV2-B with post-close lender exception documenting pre-close considerations.<br>Reviewer Comment (XXXX-06-03): UW used a business name search to evidence the business was active along with the business bank statements. Due to the business search not evidencing the business was active an exception is needed for an updated document to be used that clearly reflects the business is currently active.<br>Reviewer Comment (XXXX-06-01): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk.<br>Seller Comment (XXXX-05-29): Per client email - UW used a business name search to evidence the business was active along with the business bank statements. Due to the business search not evidencing the business was active an exception is needed for an updated document to be used that clearly reflects the business is currently active.<br>Reviewer Comment (XXXX-05-11): This has been elevated to the Compliance department. |  |  | XXXX | 2 C B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120865 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Third Party Verification | Third party verification provided does not show business is active. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Lender Exception with Compensating Factors provided. Downgraded and Waived. | XXXX | Reviewer Comment (XXXX-06-03): Bank statement dated within 18 days of the Application date and 44 days prior to the Note date reflecting approximately XXXX business deposits. Pre-closing search completed showing business registered with Dept of Treasury and XXXX Portal Business Search, but neither specifically stating Active or Suspended. Lender Exception requested to allow searches with bank statement as verification. Post close Cert of Good Standing in file. <br> XXXXk in monthly residual, 35% down, 78 mon reserves, 764 score, approx. 47 mon 0x30 mtg.<br>Reviewer Comment (XXXX-06-02): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-29): Per client email - UW used a business name search to evidence the business was active along with the business bank statements. Due to the business search not evidencing the business was active an exception is needed for an updated document to be used that clearly reflects the business is currently active.<br>Reviewer Comment (XXXX-05-11): This has been elevated to the Compliance department. |  |  | XXXX | 2 C B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120865 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  |  | Reviewer Comment (XXXX-06-03): Lender exception with comp factors provided. | XXXX |  |  | 1 A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120665 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of XXXX is greater than Guideline total cash-out of XXXX. | HUD-1 total cash-out of XXXX is greater than guideline total cash-out of XXXX. | Borrower has owned the subject property for at least 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous<br>The qualifying DSCR on the loan is greater than the guideline minimum. | Reserves: 107.18<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 712<br>Housing payment history is 0x30x24 or better.<br>The DSCR of 1.06 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | XXXX | XXXX | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 |  |  |  |  |  | Reviewer Comment (XXXX-05-07): Received 1003 in trailing docs.<br>Seller Comment (XXXX-05-05): attached | XXXX |  |  | 1 B A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of XXXX is greater than Guideline total cash-out of XXXX. | HUD-1 total cash-out of XXXX is greater than Guideline total cash-out of XXXX. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Lender Exception with Compensating Factors provided. Downgraded and Waived. | XXXX | Reviewer Comment (XXXX-05-12): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-04): Please provide updated lender exception reflecting calculated PITIA reserves. Lender exception form provided shows calculated PITIA reserves of 126 months, and Due Diligence Calculated PITIA months reserves are 120.53. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | P&L prepared by company CFO and not 3rd party, guidelines require CPA/EA/CTEC. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Lender Exception with Compensating Factors provided. Downgraded and Waived. | XXXX | Reviewer Comment (XXXX-05-12): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-12): There is an exception in the file which allows this |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | XXXX | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Partnership (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Partnership (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Partnership (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Partnership (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Partnership (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Partnership (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Partnership (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Partnership (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Partnership (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: S-Corp (>= 25%) / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: | All business entity search documents provided in file are not dated. Verification of businesses' existence within 120 days prior to note date required. |  |  |  | Reviewer Comment (XXXX-05-05): Received proof of business look up date in trailing docs.<br>Seller Comment (XXXX-05-05): (Rate Lock) VOE provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certification of Good Standing for borrowing entity was not provided. |  |  |  | Reviewer Comment (XXXX-05-11): Received document in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) docs provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Corporate Resolution for borrowing entity was not provided. |  |  |  | Reviewer Comment (XXXX-05-11): Received document in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) docs provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | Operating Agreement for borrowing entity was not provided. |  |  |  | Reviewer Comment (XXXX-05-11): Received document in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) docs provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | All business entity search documents provided in file are not dated. Verification of businesses' existence within 120 days prior to note date required. |  |  |  | Reviewer Comment (XXXX-05-05): Received proof of business look up date in trailing docs.<br>Seller Comment (XXXX-05-05): (Rate Lock) VOE provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (ClientXXXX/XXXX) | File is missing evidence of receipt for preliminary appraisal report dated XXXX. From CDA report it was verified that there is preliminary appraisal dated XXXX. |  |  |  | Reviewer Comment (XXXX-04-30): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-04-30): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. (Final/XXXX) | Final closing disclosure did not disclose the reason for not having an escrow account. |  |  |  | Reviewer Comment (XXXX-05-27): Letter of Explanation & Corrected Post Closing Disclosure provided |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Loan Discount Points increased from XXXX to XXXX without any valid changed circumstances, no cure was provided. There is a changed circumstances letter dated XXXX but it did not mention any reason for change or what fees were changed. |  |  |  | Reviewer Comment (XXXX-05-19): XXXX received valid COC document<br>Seller Comment (XXXX-05-18): (Rate Lock) CIC provided shows date CIC submitted<br>Reviewer Comment (XXXX-05-13): XXXX received email log confirming the pricing was changed due to change in rate but from the document we are unable to identify when the change was requested. Please provide COC with date of change and reason for change or supporting document to confirm the date of change.<br>Reviewer Comment (XXXX-04-30): File is missing a valid change of circumstance as to why Loan Discount Point fees increased from XXXX to XXXX on Closing Disclosure issued XXXX. For Fee Tolerance Refund, please provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Seller Comment (XXXX-04-30): (Rate Lock) Lock confirmation provided for pricing | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XXXX XXXX | Fraud report is missing in the file. |  |  |  | Reviewer Comment (XXXX-05-11): Received fraud report in trailing docs<br>Seller Comment (XXXX-05-07): (Rate Lock) fraud provided | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | Fraud Report is missing in the file. |  |  |  | Reviewer Comment (XXXX-05-11): Received fraud report in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) fraud provided | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application. | Affiliated Business Arrangement Disclosure to applicant within three business days of application. |  |  |  | Reviewer Comment (XXXX-05-11): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-07): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-05-11): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-07): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Two 30-day late payments were recorded. However, both are from when the prior owner, XXXX XXXX, was in charge of the company. She resigned on XXXX. | The qualifying DSCR on the loan is greater than the guideline minimum.<br>Borrower's Experience/Track Record | The DSCR of 1.26 is greater than the minimum required DSCR of 1.00.<br>Borrower is a seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history. | XXXX | Reviewer Comment (XXXX-04-13): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Cash out with less than 6 months ownership. The LLC has owned the property since XXXX. The borrower just bought in on XXXX. | The qualifying DSCR on the loan is greater than the guideline minimum.<br>Borrower's Experience/Track Record | The DSCR of 1.26 is greater than the minimum required DSCR of 1.00.<br>Borrower is a seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history. | XXXX | Reviewer Comment (XXXX-04-13): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | VOM shows two 30-day late payments; however, both are from when the prior member was in charge of the company. She resigned on XXXX. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Borrower's Experience/Track Record | The DSCR of 1.32 is greater than the minimum required DSCR of 1.00.<br>Strong investment history with multiple investment properties owned in the subject area. | XXXX | Reviewer Comment (XXXX-04-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Cash out with less than six months ownership. The LLC has owned the property since XXXX; however, the borrower just bought it on XXXX. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Borrower's Experience/Track Record | The DSCR of 1.32 is greater than the minimum required DSCR of 1.00.<br>Strong investment history with multiple investment properties owned in the subject area. | XXXX | Reviewer Comment (XXXX-04-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120542 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-22): XXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Reviewer Comment (XXXX-05-15): Prior to XXXX the appraiser was already working on it on XXXX effect appraisal and paid for XXXX by the borrower. Cure required.<br>Reviewer Comment (XXXX-04-20): XXXX received email log to confirm the increase in appraisal fee on XXXX but as per file the fee was increased on CD dated XXXX which is XXXX day from the date of change received. Please provide more information to validate when lender has confirmed the increase in fee and disclosed to borrower timely within 3 business days or cure would be required. |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120542 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 90.00000% exceeds Guideline loan to value percentage of 85.00000%. | Calculated loan to value percentage of 90.00000% exceeds Guideline loan to value percentage of 85.00000%, 5% reduction due to property in declining market. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 700<br> Representative FICO: 763 | XXXX | Reviewer Comment (XXXX-04-21): Received security instrument signed by both owners in trailing docs.<br>Reviewer Comment (XXXX-04-13): Lender Exception document not received in file for LTV and CLTV discrepancy. Exception Remains.<br>Seller Comment (XXXX-04-12): (Rate Lock) Updated to reflect NO for rural property<br>Reviewer Comment (XXXX-04-08): The updated exception comment provided still shows Rural. Please correct.<br>Seller Comment (XXXX-04-07): (Rate Lock) Exception updated<br>Reviewer Comment (XXXX-04-06): Lender exception provided shows property is rural. Appraisal does not show property is rural Please provided corrected lender exception document in order to downgrade and waive. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120542 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 90.00000% exceeds Guideline combined loan to value percentage of 85.00000%. | Calculated combined loan to value percentage of 90.00000% exceeds Guideline loan to value percentage of 85.00000%, 5% reduction due to property in declining market. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 700<br> Representative FICO: 763 | XXXX | Reviewer Comment (XXXX-04-21): Received security instrument signed by both owners in trailing docs.<br>Reviewer Comment (XXXX-04-13): Lender Exception document not received in file for LTV and CLTV discrepancy. Exception Remains.<br>Seller Comment (XXXX-04-12): (Rate Lock) Updated to reflect NO for rural property<br>Reviewer Comment (XXXX-04-08): The updated exception comment provided still shows Rural. Please correct.<br>Seller Comment (XXXX-04-07): (Rate Lock) Exception updated<br>Reviewer Comment (XXXX-04-06): Lender exception provided shows property is rural. Appraisal does not show property is rural Please provided corrected lender exception document in order to downgrade and waive. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120629 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Subject transaction is an investment purchase. The borrower is living rent free and per guidelines, investment properties are ineligible when a borrower is living rent free. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 24.07<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 723 | XXXX | Reviewer Comment (XXXX-05-05): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120629 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Borrower's business assets were used to qualify for the loan, however, a cash flow analysis is missing from the file. |  |  |  | Reviewer Comment (XXXX-05-06): Underwriter justification was provided on 1008.<br>Reviewer Comment (XXXX-05-05): 1008 shows underwriter reviewed business statements and determined that the use of business funds will not have a negative impact on the business. Please provide the review. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120689 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to accept CPA letter and P&L without attestation from the tax preparer that she prepared the borrower's tax returns. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower has been employed in the same industry for more than 5 years. | Loan to Value: 65.00000%<br> Guideline Maximum Loan to Value: 80.00000%<br>DTI: 32.65169% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 796<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-13): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Home Improvement | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120574 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Please provide Corporate Resolution reflecting borrower has authority to bind the company on all owner's behalf. |  |  |  | Reviewer Comment (XXXX-06-03): Corporate resolution provided.<br>Seller Comment (XXXX-06-02): (Rate Lock) uploaded please review | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120574 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met |  | Corporate Resolution is missing in file for the borrowing business entity. |  |  |  | Reviewer Comment (XXXX-06-01): Corporate resolution provided.<br>Reviewer Comment (XXXX-04-21): Please provide Corporate Resolution reflecting borrower has authority to bind the company on all owner's behalf. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120574 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Access letter from business partner allowing use of business funds is missing from the file. |  |  |  | Reviewer Comment (XXXX-06-05): LOE provided.<br>Reviewer Comment (XXXX-06-04): Please provide verification of spouse's percentage ownership in business by way of an operating agreement or equivalent. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120574 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Access letter from business partner allowing use of business funds is missing from the file. |  |  |  | Reviewer Comment (XXXX-06-05): LOE provided.<br>Reviewer Comment (XXXX-06-04): Please provide verification of spouse's percentage ownership in business by way of an operating agreement or equivalent. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Rental income worksheet shows Schedule E was used to calculate rental income for XXXX XXXX. The Schedule E was not provided in file. Insurance Verification was not provided for primary residence. |  |  |  | Reviewer Comment (XXXX-05-08): Schedule E provided. System cleared. | XXXX |  |  | 1 B A C | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO Schedule E Method Test | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (Schedule E Method). File does not contain most recent year Tax Transcripts, signed and dated 1040's or Schedule E. (XXXX XXXX/Schedule E) | Rental income worksheet shows Schedule E was used to calculate rental income for XXXX XXXX. The Schedule E was not provided in file. |  |  |  | Reviewer Comment (XXXX-05-08): Schedule E provided. System cleared. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Rental income worksheet shows Schedule E was used to calculate rental income for XXXX XXXX. The Schedule E was not provided in file. Insurance Verification was not provided for primary residence. |  |  |  | Reviewer Comment (XXXX-05-08): Schedule E provided. System cleared. | XXXX |  |  | 1 A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX XXXX,XXXX,XXXXInsurance Verification, Schedule E Only | Rental income worksheet shows Schedule E was used to calculate rental income for XXXX XXXX. The Schedule E was not provided in file. |  |  |  | Reviewer Comment (XXXX-05-08): Schedule E provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXXXXXX XXXX, MorristonXXXX Insurance Verification | Insurance Verification was not provided for primary residence. |  |  |  | Reviewer Comment (XXXX-05-08): Acceptable document provided in PDF, Priority loan, closest associated, date loaded XXXX.<br>Reviewer Comment (XXXX-05-08): Insurance verification missing for primary residence. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Rental income worksheet shows Schedule E was used to calculate rental income for XXXX XXXX. The Schedule E was not provided in file. Insurance Verification was not provided for primary residence. |  |  |  | Reviewer Comment (XXXX-05-08): Acceptable document provided in PDF, Priority loan, closest associated, date loaded XXXX.<br>Reviewer Comment (XXXX-05-08): Insurance verification missing for primary residence. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Rental income worksheet shows Schedule E was used to calculate rental income for XXXX XXXX. The Schedule E was not provided in file. Insurance Verification was not provided for primary residence. |  |  |  | Reviewer Comment (XXXX-05-08): Acceptable document provided in PDF, Priority loan, closest associated, date loaded XXXX. System cleared.<br>Reviewer Comment (XXXX-05-08): Insurance verification missing for primary residence. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Rental income worksheet shows Schedule E was used to calculate rental income for XXXX XXXX. The Schedule E was not provided in file. Insurance Verification was not provided for primary residence. |  |  |  | Reviewer Comment (XXXX-05-08): Acceptable document provided in PDF, Priority loan, closest associated, date loaded XXXX.<br>Reviewer Comment (XXXX-05-08): Insurance verification missing for primary residence. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for rural property > 23 acres. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-04-20): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for subject being a log cabin. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-04-20): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120589 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Website Listing not provided |  |  |  |  |  | Reviewer Comment (XXXX-04-28): Received listing in trailing docs.<br>Seller Comment (XXXX-04-24): ATTACHED | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120589 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Short term rental income and vacant properties are not permitted on refinance transactions. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by XX points.<br>Borrower's Experience/Track Record<br>Miscellaneous | he representative FICO score exceeds the guideline minimum by 22 points.<br>Borrower's Experience/Track Record. The borrower has: 7 Years of Experience.<br>Mortgage history 0x30 last 36 months. | XXXX | Reviewer Comment (XXXX-04-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120589 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. |  | Hazard insurance policy does not list Lender or Servicer, including successors and assigns. |  |  |  | Reviewer Comment (XXXX-04-30): Received Insurance declaration showing the Lender.<br>Seller Comment (XXXX-04-28): ATTACHED MORTGAGEE CLAUSE<br>Seller Comment (XXXX-04-28): CORRECTION RF IS THE LENDER NAME<br>Seller Comment (XXXX-04-28): RH IS THE LENDER NAME - PLS CLR<br>Seller Comment (XXXX-04-28): attached<br>Reviewer Comment (XXXX-04-28): Hazard insurance policy provided does not list Lender or Servicer, including successors and assigns.<br>Seller Comment (XXXX-04-24): ATTACHED | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120589 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Allow Short term rental based on 30 day or more rentals through XXXX without short term rental permit held since borrower rents 30+ days (no nightly or weekly rentals). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by XX points.<br>Borrower's Experience/Track Record<br>Miscellaneous | he representative FICO score exceeds the guideline minimum by 22 points.<br>Borrower's Experience/Track Record. The borrower has: 7 Years of Experience.<br>Mortgage history 0x30 last 36 months. | XXXX | Reviewer Comment (XXXX-04-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  |  |  |  |  | Reviewer Comment (XXXX-04-29): Received articles of organization showing business was just formed. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-11): Received Operating Agreement in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-11): Received Operating Agreement in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met |  | Operating agreement, corporate resolution, and certificate of good standing missing for borrowing business entity. |  |  |  | Reviewer Comment (XXXX-05-13): Received docs in trailing docs.<br>Seller Comment (XXXX-05-12): (Rate Lock) All docs provided please clear. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | CPA letter shows business has been operational since XXXX, borrower disclosed start date for business as XXXX on the 1003 application. Please provide documentation verifying the actual start date of the business. |  |  |  | Reviewer Comment (XXXX-04-29): Received business filing information on trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Property is greater than 10 acres. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has verified disposable income of at least XXXX0.00. | DTI: 26.53291% <br> Guideline Maximum DTI: 55.00000%<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file is missing an operating agreement to verify borrower's business ownership percentage. |  |  |  | Reviewer Comment (XXXX-05-07): Proof of ownership provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to missing income document. |  |  |  | Reviewer Comment (XXXX-05-07): Proof of ownership provided. System cleared. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to missing income document. |  |  |  | Reviewer Comment (XXXX-05-07): Proof of ownership provided. System cleared. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing income document. |  |  |  | Reviewer Comment (XXXX-05-07): Proof of ownership provided. System cleared. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Operating agreement | Loan file is missing an operating agreement to verify borrower's business ownership percentage. |  |  |  | Reviewer Comment (XXXX-05-07): Proof of ownership provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 655 is less than Guideline representative FICO score of 660. | Representative FICO score of 655 is less than guideline representative FICO score of 660. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Loan to Value: 46.29630%<br> Guideline Maximum Loan to Value: 75.00000% | XXXX | Reviewer Comment (XXXX-05-01): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120572 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided |  |  |  |  |  | Reviewer Comment (XXXX-04-30): Received business purpose certificate in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. | Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. |  |  |  | Reviewer Comment (XXXX-05-05): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-01): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | Borrower: XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: | Missing date on third-party verification, SOS Entity Summary Information. |  |  |  | Reviewer Comment (XXXX-05-05): Document with date provided.<br>Seller Comment (XXXX-05-01): (Rate Lock) Cert provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to missing date on third-party verification, SOS Entity Summary Information. |  |  |  | Reviewer Comment (XXXX-05-05): Document with date provided. System cleared.<br>Seller Comment (XXXX-05-01): (Rate Lock) Cert provided | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing date on third-party verification, SOS Entity Summary Information. |  |  |  | Reviewer Comment (XXXX-05-05): Document with date provided. System cleared.<br>Seller Comment (XXXX-05-01): (Rate Lock) Cert provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-06-01): XXXX received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD<br>Reviewer Comment (XXXX-05-11): XXXX received rebuttal, however appraisal fee was not disclosed on initial LE and got added on LE dated XXXX. Cure of XXXX or valid COC is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check.<br>Seller Comment (XXXX-05-07): (Rate Lock) Please advise correct cure amount; if XXXX was disclosed there should not be a cure of XXXX needed<br>Reviewer Comment (XXXX-05-04): XXXX Appraisal fee added on LE dated XXXX to XXXX and again increased on LE dated XXXX to XXXX without valid COC. Receiving invoice is not acceptable reason. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase/added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.<br>Seller Comment (XXXX-05-01): (Rate Lock) invoice provided with a date of XXXX and we re-disclosed same day |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of XXXX is over disclosed by XXXX compared to the calculated Amount Financed of XXXX and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated XXXX). (Final/XXXX) | The disclosed Amount Financed in the amount of XXXX is over-disclosed by XXXX compared to the calculated Amount Financed of XXXX. |  |  |  | Reviewer Comment (XXXX-06-03): XXXX received additional breakdown of title-services fees which were fees for title issuance and excludable under 4c7<br>Seller Comment (XXXX-06-02): (Rate Lock) title eamil provided showing breakdown of fee<br>Reviewer Comment (XXXX-05-19): Document Prep, Processing and Handling fees would be tested as finance charges. Fee purpose dictates inclusion or exclusion based on 1026.4(c)(7). Please provide an explanation of fee purpose for pre and post close gaps and an itemization for break out of fees to complete testing.<br>Seller Comment (XXXX-05-18): (Rate Lock) The original disclosure was based on the best information reasonably available at the time. Title has provided an itemized breakdown of the services included in the Title Services Fee. Based on the description provided, the fees are generally not considered APR fees.<br>Reviewer Comment (XXXX-05-04): XXXX received rebuttal of XXXX finance charge amount. However, the Final CD being tested is the XXXX CD. Consummation date was XXXX (notary date) and the XXXX CD is tested as the Final CD which only disclosed Finance Charge at XXXX and was XXXX underdisclosed. Compliance report reflects the same finance charges as XXXX and showed a finance charge of XXXX which matches to XXXX's calculation. The final CD however, was dislcosed with a lower finance charge and cure due to borrower. Corrected CD, LOE to borrower, copy of cure refund of XXXX, proof of mailing and proof of reopening rescission to all consumers as this is a material disclosure violation on a rescindable transaction.<br>Seller Comment (XXXX-05-01): (Rate Lock) CD from 4/2 has finance charge of XXXX | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of XXXX is under disclosed by XXXX compared to the calculated Finance Charge of XXXX which exceeds the XXXX threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XXXX). (Final/XXXX) | The disclosed Finance Charge in the amount of XXXX is under-disclosed by XXXX compared to the calculated Finance Charge of XXXX which exceeds the XXXX threshold. |  |  |  | Reviewer Comment (XXXX-06-03): XXXX received additional breakdown of title-services fees which were fees for title issuance and excludable under 4c7<br>Seller Comment (XXXX-06-02): (Rate Lock) title eamil provided showing breakdown of fee<br>Reviewer Comment (XXXX-05-19): Document Prep, Processing and Handling fees would be tested as finance charges. Fee purpose dictates inclusion or exclusion based on 1026.4(c)(7). Please provide an explanation of fee purpose for pre and post close gaps and an itemization for break out of fees to complete testing.<br>Seller Comment (XXXX-05-18): (Rate Lock) The original disclosure was based on the best information reasonably available at the time. Title has provided an itemized breakdown of the services included in the Title Services Fee. Based on the description provided, the fees are generally not considered APR fees.<br>Reviewer Comment (XXXX-05-04): XXXX received rebuttal of XXXX finance charge amount. However, the Final CD being tested is the XXXX CD. Consummation date was XXXX (notary date) and the XXXX CD is tested as the Final CD which only disclosed Finance Charge at XXXX and was XXXX underdisclosed. Compliance report reflects the same finance charges as XXXX and showed a finance charge of XXXX which matches to XXXX's calculation. The final CD however, was dislcosed with a lower finance charge and cure due to borrower. Corrected CD, LOE to borrower, copy of cure refund of XXXX, proof of mailing and proof of reopening rescission to all consumers as this is a material disclosure violation on a rescindable transaction.<br>Seller Comment (XXXX-05-01): (Rate Lock) CD from 4/2 has finance charge of XXXX | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Guidelines limit the NSF/ODs to 5 per 12-month period. The borrower has 11 over the past 12 months. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more. | Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 21.61<br> Guideline Requirement: 6.00<br>Loan to Value: 52.88462%<br> Guideline Maximum Loan to Value: 70.00000% | XXXX | Reviewer Comment (XXXX-04-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application. |  |  |  |  | Reviewer Comment (XXXX-05-05): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-01): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120634 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided |  | Available Security Instrument - Subject Lien does not have a signature date. |  |  |  | Reviewer Comment (XXXX-05-13): Signed and Notarized copy provided. | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120634 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.76 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Lender requested an exception which was approved because the DSCR score is less than 1. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Loan to Value: 60.00000%<br> Guideline Maximum Loan to Value: 75.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 706<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120568 | XXXX | XXXX | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Appraisal was made subject to, and Form 442 was not found in images. |  |  |  | Reviewer Comment (XXXX-05-05): Received pictures of smoke detectors in trailing docs along with a lender exception to accept the photos as proof.<br>Reviewer Comment (XXXX-05-04): Documentation provided is not sufficient to verify the 'subject to' was met. Please provide 1004D/442 for verification that all required smoke detector installations were made. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120568 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.94 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.94 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) of 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Miscellaneous | Reserves: 12.28<br> Guideline Requirement: 6.00<br>Low revolving credit utilization. No lates in past 2 years. | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-01): (Rate Lock) Compensating factors updated<br>Reviewer Comment (XXXX-04-22): Insufficient compensating factors provided for the 2 exceptions. Please provide additional compensating factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120568 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 671 is less than Guideline representative FICO score of 680. | FICO score of 671 with a DSCR score under 1% is not permitted. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Miscellaneous | Reserves: 12.28<br> Guideline Requirement: 6.00<br>Low revolving credit utilization. No lates in past 2 years. | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-01): (Rate Lock) Compensating factors updated<br>Reviewer Comment (XXXX-04-22): Insufficient compensating factors provided for the 2 exceptions. Please provide additional compensating factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120568 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception to accept smoke detector photos for verification that all required smoke detector installations were made. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Miscellaneous | Reserves: 12.28<br> Guideline Requirement: 6.00<br>Low revolving credit utilization. No lates in past 2 years. | XXXX | Reviewer Comment (XXXX-05-05): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120607 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | 24 Month Chain of Title is missing in the file. |  |  |  | Reviewer Comment (XXXX-05-08): Affidavit of heirship provided.<br>Reviewer Comment (XXXX-05-07): 24 months property history report is required. | XXXX |  |  | 1 C A D | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. |  |  |  |  | Reviewer Comment (XXXX-05-15): Client accepts EV2 Grade and elects to Waive. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120712 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | Borrower: XXXX XXXX XXXX | Lender approved exception for borrower being a fist time homebuyer. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | Reserves: 15.38<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 782<br>The DSCR of 1.15 is greater than the minimum required DSCR of 1.00.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-07): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120595 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a first time homebuyer living rent free. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 177.69<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-04-29): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120595 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Guidelines require the borrower to explain the hardship for the use of a POA, describing why the borrower was unable to execute documents in person. This was not provided in file. |  |  |  | Reviewer Comment (XXXX-05-11): Received LOE in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) Doc provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120737 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.93 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR is less than the guideline minimum of 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous<br>Borrower's Experience/Track Record | Housing payment history is 0x30x24 or better;.<br>Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history | XXXX | Reviewer Comment (XXXX-05-15): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120613 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Insured name on hazard declaration page does not match vesting. |  |  |  | Reviewer Comment (XXXX-05-05): Received evidence that insured name was changed to name reflected on vesting.<br>Reviewer Comment (XXXX-05-04): Vesting is in XXXX XXXX LLC and insured on HOI policy is XXXX XXXX Corp. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120628 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a first time homebuyer. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by XX points.<br>The qualifying DSCR on the loan is greater than the guideline minimum. | The representative FICO score exceeds the guideline minimum by 22 points.<br>The DSCR of 1.03 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-05-07): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-01): Compensating factor provided does not apply to the loan, please provide additional comp factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120604 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow borrower with C09 employment authorization & R B1/B2 visas. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 18.68355% <br> Guideline Maximum DTI: 55.00000%<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120693 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower has loans with the same lender that exceeds XXXX million. Total of 5 loans is XXXX. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | DTI: 7.36221% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 748<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower has loans with the same lender that exceeds XXXX million. Total of 5 loans is XXXX. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | DTI: 15.58738% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 748<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120573 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Qualification Method not Matching ATR | Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). | Note rate used on an interest only loan. |  |  |  | Reviewer Comment (XXXX-05-05): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-01): (Rate Lock) EV2 ACCEPT please clear |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Loans to the same borrower exceed XXXX million. Total 5 loans XXXX. All properties new builds, vacant. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | DTI: 14.00859% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 748<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-13): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120598 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for DSCR below 1.00. |  |  |  | Reviewer Comment (XXXX-05-04): Lender states exception was canceled, removed from loan exceptions.<br>Seller Comment (XXXX-05-01): (Rate Lock) Exception cancelled<br>Reviewer Comment (XXXX-04-29)XXXXlculated DSCR is 1.01. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120691 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to proceed with loans for the same borrower that exceed XXXX million. Total of 5 loans is XXXX. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | DTI: 6.90531% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 748<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-13): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The aggregate total of all loans exceeded XXXXM UPB locked at one time. Closing Disclosures provided in file for other loans. | Borrower has verified disposable income of at least XXXX0.00.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | DTI: 15.56860% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 748<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Loan Discount Points fee of XXXX not disclosed to borrower until final Closing Disclosure. No valid change in circumstance or cure provided. |  |  |  | Reviewer Comment (XXXX-05-29): Situamc Received lock document showing lock extended on XXXX.<br>Seller Comment (XXXX-05-28): (Rate Lock) LC provided for pricing<br>Reviewer Comment (XXXX-05-20): XXXX received COC and CD dated XXXX for change in loan amount but the loan amount was decreased on CD while the discount points are significantly increased from XXXX to XXXX only loan amount change is not a valid reason for change. Please provide more information as to what other factors has changed that resulted in worsen the pricing. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). |  |  |  |  | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-06-03): XXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Seller Comment (XXXX-06-02): (Rate Lock) PCCD provided |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on XXXX, prior to three (3) business days from transaction date of XXXX. | Truth in Lending Act: Subject loan transaction disbursed on XXXX, prior to three (3) business days from transaction date of XXXX. |  |  |  | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Calculated PITIA months reserves of 5.87 is less than Guideline PITIA months reserves of 6.00. The 1003 does not show business assets were used. Please provide additional assets. An updated 1003 and CPA/CFA are required if business assets are to be used. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.87 is less than Guideline PITIA months reserves of 6.00. | Calculated PITIA months reserves of 5.87 is less than Guideline PITIA months reserves of 6.00. The 1003 does not show business assets were used. Please provide additional assets. An updated 1003 and CPA/CFA are required if business assets are to be used. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to insufficient assets to cover reserves. |  |  |  | Reviewer Comment (XXXX-05-28): Loan is Non-QM. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to insufficient assets to cover reserves. |  |  |  | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared.<br>Reviewer Comment (XXXX-05-28): Regraded to EV2-B with comp factors.<br>Reviewer Comment (XXXX-05-28): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk.<br>Reviewer Comment (XXXX-05-27): Exception has been elevated for further review. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to insufficient assets to cover reserves. |  |  |  | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. System cleared.<br>Reviewer Comment (XXXX-05-28): Regraded to EV2-B with comp factors.<br>Reviewer Comment (XXXX-05-27): Exception has been elevated for further review. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Investment purchase when borrower lives rent free. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Loan to Value: 65.00000%<br> Guideline Maximum Loan to Value: 80.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 25.51600% <br> Guideline Maximum DTI: 43.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 703 | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Use of market rent to offset subject PITIA when borrower does not have a primary housing expense. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Loan to Value: 65.00000%<br> Guideline Maximum Loan to Value: 80.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 703<br>DTI: 25.51600% <br> Guideline Maximum DTI: 43.00000% | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120635 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a cash out refinance with less than 6 months ownership. LLC has owned the property since XXXX, however, the borrower just bought in XXXX. | The qualifying DSCR on the loan is greater than the guideline minimum.<br>Borrower's Experience/Track Record<br>Miscellaneous | The DSCR of 1.35 is greater than the minimum required DSCR of 1.00.<br>Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history<br>Housing payment history is 0x30x24 or better; | XXXX | Reviewer Comment (XXXX-05-11): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120635 | XXXX | XXXX | XXXX | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: XXXX; Lien Position: 1 |  |  |  |  | Reviewer Comment (XXXX-05-21): Received CDA that reflects the Appraisal appraised value in trailing docs. | XXXX |  |  | 1 A B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120735 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-05-14): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.76 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Lender approved exception for DSCR less than 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Reserves: 59.23<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 813<br>Loan to Value: 60.00000%<br> Guideline Maximum Loan to Value: 75.00000% | XXXX | Reviewer Comment (XXXX-04-29): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | Borrower does not own current residence and thus casts doubt on business purpose of loan. |  | 1003 indicates borrower's primary residence is sold. |  |  |  | Reviewer Comment (XXXX-06-05): Final 1003 reflects Pending.<br>Reviewer Comment (XXXX-06-04): On page 3 of the 1003, the address XXXX XXXX XXXX E which is borrower's primary residence has the status as "Sold"<br>Seller Comment (XXXX-06-04): (Rate Lock) Please advise where it says sold, as it states 'to be sold'.<br>Reviewer Comment (XXXX-06-04): Please provide evidence of borrower's primary residence as 1003 shows their primary residence is sold.<br>Seller Comment (XXXX-06-03): (Rate Lock) Property is listed for sale but not pending sale.? Property is the corrected current residence signed at closing.?<br>Reviewer Comment (XXXX-05-13): Provide corrected 1003 with primary residence updated.<br>Seller Comment (XXXX-05-11): (Rate Lock) Because the borrower owns several other properties located at XXXX XXXX XXXX XXXX it shows they have a history of investment properties. For that reason we didn't see any doubt that they will be using this property for business purposes. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Third Party Verification | Loan file did not contain evidence of the business being active dated within 120 calendar days prior to the note date. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Loan to Value: 46.53244%<br> Guideline Maximum Loan to Value: 80.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 742<br>Borrower has worked in same industry more than 5 years. | XXXX | Reviewer Comment (XXXX-06-01): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to Loan file did not contain evidence of the business being active dated within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-06-02): Loan is Non-QM. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Loan file did not contain evidence of the business being active dated within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-06-02): Lender Exception with Compensating Factors provided. Downgraded and Waived by Compliance.<br>Reviewer Comment (XXXX-06-02): Regraded to EV2-B with comp factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Loan file did not contain evidence of the business being active dated within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-06-02): Lender Exception with Compensating Factors provided. Downgraded and Waived by Compliance.<br>Reviewer Comment (XXXX-06-02): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.)<br>Reviewer Comment (XXXX-06-02): Regraded to EV2-B with comp factors.<br>Reviewer Comment (XXXX-05-27): Exception has been elevated for further review.<br>Reviewer Comment (XXXX-05-26): Document provided was obtained after the loan closed. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  | Reviewer Comment (XXXX-05-11): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file did not contain evidence of the business being active dated within 120 calendar days prior to the note date. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Loan to Value: 46.53244%<br> Guideline Maximum Loan to Value: 80.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 742<br>Borrower has worked in same industry more than 5 years. | XXXX | Reviewer Comment (XXXX-06-01): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-26): Document provided was obtained after the loan closed. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120588 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Rural property on DSCR purchase. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 18.03<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 732 | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120641 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | Hazard Insurance coverage is short by XXXX. Please provide updated coverage or Replacement Cost Estimator. |  |  |  | Reviewer Comment (XXXX-05-13): more recent RCE provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Property is non warrantable condominium |  |  |  | Reviewer Comment (XXXX-05-05): Allowed per guidelines. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan Designation discrepancy due to missing VVOE for both of the borrower's employments. |  |  |  | Reviewer Comment (XXXX-05-12): Paystub dated within 10 days of Note date provided.<br>Seller Comment (XXXX-05-08): (Rate Lock) Paystubs provided within 20 days of note date, confirming borrower is active | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM status C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. (XXXX,XXXX XXXX RM/SW LP/Wages) | Waterfall due to missing VVOE for both of the borrower's employments. |  |  |  | Reviewer Comment (XXXX-05-12): Paystub dated within 10 days of Note date provided.<br>Seller Comment (XXXX-05-08): (Rate Lock) Paystubs provided within 20 days of note date, confirming borrower is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. (XXXX,XXXX XXXX's/Wages) | Waterfall due to missing VVOE for both of the borrower's employments. |  |  |  | Reviewer Comment (XXXX-05-12): Paystub dated within 10 days of Note date provided.<br>Seller Comment (XXXX-05-08): (Rate Lock) Paystubs provided within 20 days of note date, confirming borrower is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Waterfall due to missing VVOE for both of the borrower's employments. |  |  |  | Reviewer Comment (XXXX-05-12): Paystub dated within 10 days of Note date provided. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing VVOE for both of the borrower's employments. |  |  |  | Reviewer Comment (XXXX-05-12): Paystub dated within 10 days of Note date provided.<br>Seller Comment (XXXX-05-08): (Rate Lock) Paystubs provided within 20 days of note date, confirming borrower is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 85.00000% exceeds Guideline loan to value percentage of 75.00000%. | Lender approved exception for LTV of 85% for non-warrantable condominium in a declining market. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 776 | XXXX | Reviewer Comment (XXXX-05-12): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-08): (Rate Lock) Please downgrade and clear/waive |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 85.00000% exceeds Guideline combined loan to value percentage of 75.00000%. | Lender approved exception for CLTV of 85% for non-warrantable condominium in a declining market. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 776 | XXXX | Reviewer Comment (XXXX-05-12): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-08): (Rate Lock) Please downgrade and clear/waive |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | VVOE within 10 business days prior to closing for both of the borrower's employments was not provided. |  |  |  | Reviewer Comment (XXXX-05-12): Paystub dated within 10 days of Note date provided.<br>Seller Comment (XXXX-05-08): (Rate Lock) Paystubs provided within 20 days of note date, confirming borrower is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | Borrower: XXXX XXXX XXXX // Employment Type: Employment / Income Type: Wages / Start Date: XXXX | VVOE within 10 business days prior to closing for both of the borrower's employments was not provided. |  |  |  | Reviewer Comment (XXXX-05-12): Paystub dated within 10 days of Note date provided.<br>Seller Comment (XXXX-05-08): (Rate Lock) Paystubs provided within 20 days of note date, confirming borrower is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | Borrower: XXXX XXXX XXXX // Employment Type: Employment / Income Type: Wages / Start Date: XXXX | Borrower's employment was not verified within 10 business days prior to closing. |  |  |  | Reviewer Comment (XXXX-05-12): Paystub dated within 10 days of Note date provided.<br>Seller Comment (XXXX-05-08): (Rate Lock) Paystubs provided within 20 days of note date, confirming borrower is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | VVOE within 10 business days prior to closing for both of the borrower's employments was not provided. |  |  |  | Reviewer Comment (XXXX-05-12): Paystubs provided within 10 days of Note date.<br>Seller Comment (XXXX-05-08): (Rate Lock) Paystubs provided within 20 days of note date, confirming borrower is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX XXXX VVOE - Employment Only | Borrower's employment was not verified within 10 business days prior to closing. |  |  |  | Reviewer Comment (XXXX-05-12): Paystub dated within 10 days of Note date provided.<br>Seller Comment (XXXX-05-08): (Rate Lock) Paystubs provided within 20 days of note date, confirming borrower is active | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120565 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. XXXX | Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. |  |  |  | Reviewer Comment (XXXX-05-08): XXXX received COC and email confirmation from lender for change in DTI.<br>Seller Comment (XXXX-05-07): (Rate Lock) Confirmation from LD provided<br>Reviewer Comment (XXXX-04-29): Upon review we don't have enough information to conclude the changes are valid. The XXXX VCC indicates the, "Lender Credits changed..." but don't indicate why the lender credit changed. Because the section of the VCC indicating the change is a borrower request was checked we would expect additional supporting documentation of what the borrower requested and why.<br>TRID Grid 4.0, Additional Considerations, Row 14, Changed of Circumstance addresses what can be considered sufficient and insufficient cause for a change. specifically, under Appraisal Fee Insufficient information states the following in regard to an appraisal fee: "Insufficient – Market fluctuations; or Borrower Requested change (with no additional documentation); or Loan Program/Investor Change (with no additional information); or Appraisal Rush or Reinspection order/invoice received (with no additional information)" which would indicate the CFPB would expect more detail in regard to a borrower requested change.<br>If the lender can provide more detail in regard to the change to fees and lender credits on XXXX we would be happy to take another look at the exceptions.<br>Seller Comment (XXXX-04-29): (Rate Lock) CIC provided and lock confirmation to show change in pricing | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120809 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.81 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR is less than the guideline minimum of 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Reserves: 17.88<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 773<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing dated within 90 days prior to closing was not provided. |  |  |  | Reviewer Comment (XXXX-05-13): Received COGS in trailing docs.<br>Seller Comment (XXXX-05-12): (Rate Lock) COGs provided<br>Reviewer Comment (XXXX-05-11): Certificate of good standing is required for the business entity.<br>Seller Comment (XXXX-05-07): (Rate Lock) not needed; borrowers vested as themselves | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Waterfall due to missing two months bank statements to verify assets required. |  |  |  | Reviewer Comment (XXXX-06-01): Received bank statements in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | XXXX | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: Preliminary; <br> StateXXXX | The Title Commitment or Preliminary Title Policy amount was not provided. |  |  |  | Reviewer Comment (XXXX-06-01): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-29): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Loan file is missing bank statements for required assets. |  |  |  | Reviewer Comment (XXXX-06-01): Received bank statements in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of XXXX is less than Cash From Borrower XXXX. | Loan file is missing bank statements for required assets. |  |  |  | Reviewer Comment (XXXX-06-01): Received bank statements in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX Ct, XXXXsXXXX, Address: XXXX St, XXXXXXXX, Address: XXXX XXXX XXXX Ave, XXXXXXXX Statement<br> Statement<br> Statement |  |  |  |  | Reviewer Comment (XXXX-06-01): Received mortgage statements in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120799 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. |  |  |  |  |  | Reviewer Comment (XXXX-05-26): Loan is a correspondent loan and it lists the broker on the policy. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120799 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.84 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.84 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 758<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Flood | FEMA Disaster Issue: The most recent valuation inspection is dated prior to a FEMA disaster. | Most Recent Valuation Inspection Date: XXXX;<br> Disaster Name: SEVERE STORMSXXXXOODING, LANDSLIDES, AND MUDSLIDES; <br> Disaster Declaration Date: XXXX; <br> Disaster End Date: XXXX |  |  |  |  | Reviewer Comment (XXXX-05-13): Received post-disaster inspection in trailing docs.<br>Seller Comment (XXXX-05-12): attached<br>Reviewer Comment (XXXX-04-24): The property was inspected prior to the declared disaster. A Property Disaster Inspection will need to be completed. A CDA does not inspect the property.<br>Seller Comment (XXXX-04-23): Please advise exactly what is needed to clear exceptionXXXXn the appraiser add a comment to the appraisal?<br>Seller Comment (XXXX-04-22): attached XXXX | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Non-warrantable with outstanding repairs. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 33.17<br> Guideline Requirement: 3.00<br>Loan to Value: 53.03030%<br> Guideline Maximum Loan to Value: 75.00000% | XXXX | Reviewer Comment (XXXX-04-20): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Investor occupancy is 94.31% vs maximum guideline requirement of 60%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 33.17<br> Guideline Requirement: 3.00<br>Loan to Value: 53.03030%<br> Guideline Maximum Loan to Value: 75.00000% | XXXX | Reviewer Comment (XXXX-04-20): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. |  |  |  |  |  | Reviewer Comment (XXXX-04-24): Update provided with required verbiage.<br>Seller Comment (XXXX-04-22): attached | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | XXXX | XXXX | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | Valuation Type: Appraisal / Valuation Report Date: XXXX | Appraisal Transfer Letter was not found in file. |  |  |  | Reviewer Comment (XXXX-05-06): Guidelines met | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. |  |  |  |  | Reviewer Comment (XXXX-05-13): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-11): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Transfer Tax Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-12): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow 2x30x12 rental payment history. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 33.00119% <br> Guideline Maximum DTI: 55.00000% | XXXX | Reviewer Comment (XXXX-05-06): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-05-12): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120711 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-05-07): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120711 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for ineligible property type. Subject is a barndominium on XXXX acres. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower has verified disposable income of at least XXXX0.00. | Reserves: 84.35<br> Guideline Requirement: 6.00<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120651 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. |  |  |  | Reviewer Comment (XXXX-05-12): XXXX received CD dated XXXX<br>Seller Comment (XXXX-05-11): (Rate Lock) ICD provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120651 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-19): XXXX received valid COC document<br>Seller Comment (XXXX-05-18): (Rate Lock) The initial order was submitted XXXX after ILE was sent, and was update after. Therefore this is compliant as we re-disclosed within the timeframe of knowing and no cure is needed. Please clear<br>Reviewer Comment (XXXX-05-13): XXXX Received Email communication stating property value being over XXXXM; however, property value was known from initial LE and fee should have been disclosed from Initial LE. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120658 | XXXX | XXXX | XXXX | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: XXXX; Lien Position: 1 | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. |  |  |  | Reviewer Comment (XXXX-05-13): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-11): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 A B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120581 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | This deal has a five year declining prepayment penalty and loan amount is under the XXXX requirement for prepayment penalty permitted in XXXX. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Loan to Value: 61.42857%<br> Guideline Maximum Loan to Value: 75.00000% | XXXX | Reviewer Comment (XXXX-04-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. |  |  |  |  | Reviewer Comment (XXXX-05-22): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-20): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.91 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.91 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 789<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120763 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided |  | Assignment of Leases and Rents Rider |  |  |  | Reviewer Comment (XXXX-05-18): Received document in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120671 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. |  |  |  | Reviewer Comment (XXXX-05-13): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-11): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for 26 Non-Sufficient Funds/Overdrafts in the last 12 months; guidelines allow a maximum of 5. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 24.36010% <br> Guideline Maximum DTI: 45.00000% | XXXX | Reviewer Comment (XXXX-04-23): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated XXXX was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. (Initial/XXXX) | Initial Loan Estimate provided XXXX and e-sign consent agreement signed XXXX. |  |  |  | Reviewer Comment (XXXX-04-29): XXXX received disclosure summary for LE sent via fulfilment. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Third Party Verification | Third-party verification confirming 2 years of self-employment and 2 years of business existence was not provided. Additionally, verification that business is currently active must be obtained within 120 days prior to note date. |  |  |  | Reviewer Comment (XXXX-04-29): Received business certificate in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to missing income documents. |  |  |  | Reviewer Comment (XXXX-05-22): Income documents provided. Exception for reserves downgraded and waived. System cleared. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing income documents. |  |  |  | Reviewer Comment (XXXX-05-04): Income documentation provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to missing income documents. \*\*\*\*\*Update XXXX\*\*\* Income documentation received. Additional .45 months reserves required. |  |  |  | Reviewer Comment (XXXX-05-22): Income documents provided. Exception for reserves downgraded and waived. System cleared.<br>Reviewer Comment (XXXX-05-04): \*\*\*\*\*Update XXXX\*\*\* Income documentation received. Additional .45 months reserves required. Update on CD resulted in insufficient assets.<br>Reviewer Comment (XXXX-05-04): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk.<br>Reviewer Comment (XXXX-04-29): Third party verification of business being active provided is not dated. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Third-party verification confirming 2 years of self-employment and 2 years of business existence was not provided. Additionally, verification that business is currently active must be obtained within 120 days prior to note date. \*\*\*\*\*Update XXXX\*\*\* Income documentation received. Additional .45 months reserves required. |  |  |  | Reviewer Comment (XXXX-05-04): Income/Employment verification received.<br>Reviewer Comment (XXXX-04-29): Third party verification of business being active provided is not dated.<br>Reviewer Comment (XXXX-04-29): Received business certificate in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.55 is less than Guideline PITIA months reserves of 6.00. | 6.0 months reserves required, borrower has 5.55. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | DTI: 24.36010% <br> Guideline Maximum DTI: 45.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | Borrower: XXXX XXXX Occupancy: Investment; Declarations/Will borrower occupy: Yes | Subject property is Investment; however, 1003 declarations indicate borrower will occupy the property as primary residence. |  |  |  | Reviewer Comment (XXXX-06-03): Updated 1003 provided.<br>Seller Comment (XXXX-06-02): (Rate Lock) Signed corrected 1003 provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bankruptcy Documents not provided |  | Bankruptcy Document is not provided. |  |  |  | Reviewer Comment (XXXX-05-21): Per Guidelines, Bankruptcy discharged after 3 years is allowed.<br>Seller Comment (XXXX-05-19): (Rate Lock) This was discharged 3+ years nothing needed | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 85.00000% exceeds Guideline loan to value percentage of 80.00000%. | Max LTV for purchase transactions of a rural property is 80%. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 16.00<br> Guideline Requirement: 6.00<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 85.00000% exceeds Guideline combined loan to value percentage of 80.00000%. | Max LTV for purchase transactions of a rural property is 80%. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 16.00<br> Guideline Requirement: 6.00<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | XXXX | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: | Loan file is missing the document date for the third party verification. |  |  |  | Reviewer Comment (XXXX-05-21): Received processor cert in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120617 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date XXXX, Disbursement Date: XXXX |  |  |  |  | Reviewer Comment (XXXX-05-11): Received HOI policy in trailing docs.<br>Reviewer Comment (XXXX-05-05): HOI provided has a policy effective date that is after the Note and Disbursement date.<br>Seller Comment (XXXX-05-05): (Rate Lock) HOI provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120617 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 653 is less than Guideline representative FICO score of 660. | Lender exception approval required for New report FICO is 653 which does not meet the 660 minimum requirement. | The qualifying DSCR on the loan is greater than the guideline minimum. | The DSCR of 1.1 is greater than the minimum required DSCR of 1 | XXXX | Reviewer Comment (XXXX-04-29): Housing payment history is 0x30x24 or better |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Product Change | TILA-RESPA Integrated Disclosure – Corrected Closing Disclosure issued on XXXX contains a change in loan product and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation. | Closing Disclosure dated XXXX contains product as 10-year interest-only, fixed-rate which was not received by the borrower within 3 business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-05-21): Interest Only period reflected in Monthly P&I information on LE & all CD's. LE & initial CD did not relfect the Interest Only feature in Product information, but did include in monthly P&I, rate locks and file documentation confirm there was not a change in product and loan always was 10 yr Int Only Fixed.<br>Seller Comment (XXXX-05-20): (Rate Lock) Initial LE and other CD both reflect I/O payment information - please advise | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Qualification Method not Matching ATR | Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). | ATR requires qualification on a Fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period, not the Note Rate as used at origination. |  |  |  | Reviewer Comment (XXXX-05-26): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-25): (Rate Lock) EV2 Accept please waive<br>Reviewer Comment (XXXX-05-22): Client can elect to waive an EV2 exception. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Please provide Corporate Resolution reflecting borrower has authority to bind the company on all owner's behalf. |  |  |  | Reviewer Comment (XXXX-05-21): IRS letter shows sole member.<br>Seller Comment (XXXX-05-19): (Rate Lock) EIN shows sole member<br>Reviewer Comment (XXXX-05-13): Amended Operating agreement only has the guarantor's signature. Please provide evidence that the other business owner signed their ownership over to the guarantor. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 80.00000% exceeds Guideline loan to value percentage of 75.00000%. | LTV over max allowed of 75% with bankruptcy less than 36 months ago but more than 24 months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX. | Reserves: 157.63<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 100.00%<br> Borrower's Own Funds Amount: XXXX | XXXX | Reviewer Comment (XXXX-05-11): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 80.00000% exceeds Guideline combined loan to value percentage of 75.00000%. | LTV over max allowed of 75% with bankruptcy less than 36 months ago but more than 24 months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX. | Reserves: 157.63<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 100.00%<br> Borrower's Own Funds Amount: XXXX | XXXX | Reviewer Comment (XXXX-05-11): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120696 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-27): XXXX received interim CD.<br>Reviewer Comment (XXXX-05-27): Exception has been elevated for further review.<br>Reviewer Comment (XXXX-05-20): XXXX received rebuttal, however COC available in file is dated XXXX and there is no CD available in file within 3 days of COC. Please provide CD within 3 days of COC for further analysis. Also, please provide additional supporting document to verify when UW added the condition.<br>Seller Comment (XXXX-05-19): (Rate Lock) CDA value came in low at XXXXk with a 15.6% variance. Therefore a field review or 2nd appraisal is required to be ordered. The lower of the 2 values will be used. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120696 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Fee amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-20): Cured at closing or within 60 days of consummation prior to TPR review<br>Seller Comment (XXXX-05-19): (Rate Lock) Cure was applied to final CD |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120696 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for XXXX overdrafts in the previous 12 months. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has been employed in the same industry for more than 5 years.<br>Miscellaneous | Guidelines Representative FICO: 700<br> Representative FICO: 761<br>Borrower has been employed in the same industry for more than 5 years.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-13): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120696 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX | Sufficient cure provided at closing. |  |  |  | Reviewer Comment (XXXX-05-27): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of XXXX is less than Guideline minimum loan amount of XXXX. | Note loan amount of XXXX is less than Guideline minimum loan amount of XXXX. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Debt Service Coverage Ratio: 1.59<br> Guideline Requirement: 1.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 780 | XXXX | Reviewer Comment (XXXX-05-12): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | Operating agreement for borrowing business entity is missing from the file. |  |  |  | Reviewer Comment (XXXX-05-26): Received EIN showing borrower is a sole member in trailing docs.<br>Seller Comment (XXXX-05-25): (Rate Lock) Borrower is sole member | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Corporate resolution for borrowing business entity is missing from the file. |  |  |  | Reviewer Comment (XXXX-05-26): Received EIN showing borrower is a sole member in trailing docs.<br>Seller Comment (XXXX-05-25): (Rate Lock) Borrower is sole member | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for borrower with 11 overdrafts in the past 12 months, exceeds maximum allowable. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 130.93<br> Guideline Requirement: 6.00<br>DTI: 2.09858% <br> Guideline Maximum DTI: 55.00000%<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-27): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-22): Per bank statements in file borrower has XXXX NSFs in the past 12 months. Please update lender exception form. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Waterfall due to missing evidence that the withdrawal of funds from the business account will not have a negative impact on the business. |  |  |  | Reviewer Comment (XXXX-06-03): CFA provided<br>Reviewer Comment (XXXX-05-27): CPA Letter provided does not say the use of funds will not have a negative impact on the business. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Missing evidence that the withdrawal of funds from the business account will not have a negative impact on the business. |  |  |  | Reviewer Comment (XXXX-06-03): CFA provided<br>Reviewer Comment (XXXX-05-27): CPA Letter provided does not say the use of funds will not have a negative impact on the business. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120736 | XXXX | XXXX | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Note Date: XXXX; Lien Position: 1 | Secondary valuation is not required in the file. |  |  |  | Reviewer Comment (XXXX-05-19): Received CDA in trailing docs. | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Purchase | D B C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120736 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.76 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.76 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower's Experience/Track Record<br>Miscellaneous | Reserves: 61.15<br> Guideline Requirement: 6.00<br>Borrower's Experience/Track Record. The borrower has more than 2 prior investments.<br>Borrower has low revolving credit utilization | XXXX | Reviewer Comment (XXXX-05-19): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-14): Please provide additional comp factors to waive and downgrade the exception. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | D B C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120736 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 692 is less than Guideline representative FICO score of 720. |  | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower's Experience/Track Record<br>Miscellaneous | Reserves: 61.15<br> Guideline Requirement: 6.00<br>Borrower's Experience/Track Record. The borrower has more than 2 prior investments.<br>Borrower has low revolving credit utilization | XXXX | Reviewer Comment (XXXX-05-19): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-14): Please provide additional comp factors to waive and downgrade the exception. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | D B C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Missing 2nd mortgage statement for the investment property listed on the 1003. The payment history provided does not reflect property address. |  |  |  | Reviewer Comment (XXXX-06-02): The HELOC payment history in file coincides with the dates of the borrower's exit residence. They own no other properties. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXXs XXXX, XXXXXXXX Statement | Missing 2nd mortgage statement for the investment property listed on the 1003. The payment history provided does not reflect property address. |  |  |  | Reviewer Comment (XXXX-06-02): The HELOC payment history in file coincides with the dates of the borrower's exit residence. They own no other properties. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to missing 2nd mortgage statement for the investment property listed on the 1003. The payment history provided does not reflect property address. |  |  |  | Reviewer Comment (XXXX-06-02): The HELOC payment history in file coincides with the dates of the borrower's exit residence. They own no other properties. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing 2nd mortgage statement for the investment property listed on the 1003. The payment history provided does not reflect property address. |  |  |  | Reviewer Comment (XXXX-06-02): The HELOC payment history in file coincides with the dates of the borrower's exit residence. They own no other properties. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to missing 2nd mortgage statement for the investment property listed on the 1003. The payment history provided does not reflect property address. |  |  |  | Reviewer Comment (XXXX-06-02): The HELOC payment history in file coincides with the dates of the borrower's exit residence. They own no other properties. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120636 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of XXXX is less than Guideline minimum loan amount of XXXX. | Note loan amount of XXXX is less than Guideline minimum loan amount of XXXX. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. | Guidelines Representative FICO: 660<br> Representative FICO: 759<br>Debt Service Coverage Ratio: 1.92<br> Guideline Requirement: 1.00 | XXXX | Reviewer Comment (XXXX-05-12): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120731 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX XXXX, XXXXXXXX Statement | The mortgage statement for XXXX Rd is missing from file. |  |  |  | Reviewer Comment (XXXX-05-22): Received CD in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120731 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided |  |  | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has worked in the same position for more than 3 years. | Guidelines Representative FICO: 660<br> Representative FICO: 745<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-26): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-22): File is still missing verification of borrower's housing history. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120593 | XXXX | XXXX | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Note Date: XXXX; Lien Position: 1 |  |  |  |  | Reviewer Comment (XXXX-05-11): Received CDA in trailing docs.<br>Seller Comment (XXXX-05-07): (Rate Lock) Provided | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120593 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.88 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Lender approved exception for DSCR less than 1.00. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Guidelines Representative FICO: 660<br> Representative FICO: 741<br>Reserves: 42.41<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-04-29): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 694 is less than Guideline representative FICO score of 700. | FICO of 694 is less than the guideline minimum of 700 with STR. | Borrower has owned the subject property for at least 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | Reserves: 115.65<br> Guideline Requirement: 6.00<br>The DSCR of 1.09 is greater than the minimum required DSCR of 1.00.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-04-23): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 70.00000% exceeds Guideline loan to value percentage of 65.00000%. | Calculated loan to value percentage of 70.00000% exceeds guideline loan to value percentage of 65.00000% for C/O on rural property. | Borrower has owned the subject property for at least 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | Reserves: 115.65<br> Guideline Requirement: 6.00<br>The DSCR of 1.09 is greater than the minimum required DSCR of 1.00.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 70.00000% exceeds Guideline combined loan to value percentage of 65.00000%. | Calculated combined loan to value percentage of 70.00000% exceeds guideline combined loan to value percentage of 65.00000%. | Borrower has owned the subject property for at least 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | Reserves: 115.65<br> Guideline Requirement: 6.00<br>The DSCR of 1.09 is greater than the minimum required DSCR of 1.00.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120776 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | Borrower: XXXX XXXX | Approved lender exception provided for first-time home buyer. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | Reserves: 110.17<br> Guideline Requirement: 6.00<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120803 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID | Document Error | TRID | Loan Estimate: Dates are not in chronological order. | Date Issued: XXXX Issue Date: XXXX; Received Date: XXXX; Signed Date: | Loan Estimate provided on XXXX and signed by borrower on XXXX. |  |  |  | Reviewer Comment (XXXX-05-26): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-25): (Rate Lock) EV2 accept please waive<br>Reviewer Comment (XXXX-05-21): XXXX LE, Doc ID XXXX, electronically signed on XXXX. Date stamp on bottom of LE reflects issued XXXX @ XXXX AM PST, but borrower signed earlier date. Exception will remain at the EV2-B grade unless further clarification provided by lender.<br>Seller Comment (XXXX-05-20): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120801 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 90.00000% exceeds Guideline loan to value percentage of 80.00000%. | LTV of 90% exceeds guideline max of 80% for a rural property. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Disposable Income: XXXX<br>Reserves: 24.52<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 782 | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120801 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 90.00000% exceeds Guideline combined loan to value percentage of 80.00000%. | LTV of 90% exceeds guideline max of 80% for a rural property. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Disposable Income: XXXX<br>Reserves: 24.52<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 782 | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120801 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow for unverifiable housing history. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Disposable Income: XXXX<br>Reserves: 24.52<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 782 | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120812 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | Borrower: XXXX | Lender exception approved for the borrower being a FTHB and living rent-free. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum. | Guidelines Representative FICO: 660<br> Representative FICO: 793<br>The DSCR of 1.23 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Association has outstanding repairs. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Reserves: 88.69<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 812<br>Loan to Value: 63.82979%<br> Guideline Maximum Loan to Value: 80.00000% | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Delinquencies are 23.37% versus guideline maximum of 20%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Reserves: 88.69<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 812<br>Loan to Value: 63.82979%<br> Guideline Maximum Loan to Value: 80.00000% | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Association is 95.66% non-owner occupied versus guideline maximum of 60%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 88.69<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 812 | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Subject does not have a separate room. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 88.69<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 812 | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Trust Agreement not provided |  | Note is signed as a trustee. Loan file is missing the trust agreement. |  |  |  | Reviewer Comment (XXXX-05-12): Trusts provided.<br>Seller Comment (XXXX-05-08): attached | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Ineligible Property Type per the guidelines. |  | Subject is a Condotel which is not allowed per Guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Reserves: 88.69<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 812<br>Loan to Value: 63.82979%<br> Guideline Maximum Loan to Value: 80.00000% | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-20): ATTACHED |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120652 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Legal non-conforming property cannot be rebuilt without variance. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.<br>Miscellaneous | Debt Service Coverage Ratio: 1.78<br> Guideline Requirement: 1.00<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120608 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-13): Received document in trailing docs.<br>Seller Comment (XXXX-05-11): (Rate Lock) Doc provided | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | Yes |
| XXXX | XXXX | XXXX | 4350120608 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.90 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR is less than guideline minimum of 1.00. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 759<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-13): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-11): (Rate Lock) ALL IN<br>Reviewer Comment (XXXX-05-04): Please provide additional compensating factors. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120587 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Rural investment property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>The representative FICO score exceeds the guideline minimum by XX points. | Reserves: 17.59<br> Guideline Requirement: 3.00<br>Mortgage History 3+ years 0X30<br>The DSCR of 1.48 is greater than the minimum required DSCR of 1.0.<br>FICO score is 748 vs minimum 720 | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120587 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Allow heat sources that are attached to the wall but are individually plugged and therefore not technically permanent. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>The representative FICO score exceeds the guideline minimum by XX points. | Reserves: 17.59<br> Guideline Requirement: 3.00<br>Mortgage History 3+ years 0X30<br>The DSCR of 1.48 is greater than the minimum required DSCR of 1.0.<br>FICO score is 748 vs minimum 720 | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Subject property is designated as a log cabin. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | DTI: 29.85697% <br> Guideline Maximum DTI: 45.00000%<br>Guidelines Representative FICO: 680<br> Representative FICO: 795<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-04-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall exception due to missing income documents. |  |  |  | Reviewer Comment (XXXX-05-04): CPA letter verification/clarification email provided.<br>Seller Comment (XXXX-05-01): (Rate Lock) ownership from CPA provided | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall exception due to missing income documents. |  |  |  | Reviewer Comment (XXXX-05-04): CPA letter verification/clarification email provided.<br>Seller Comment (XXXX-05-01): (Rate Lock) ownership from CPA provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file is missing an Operating agreement to show borrower's business ownership percentage. |  |  |  | Reviewer Comment (XXXX-05-04): CPA letter verification/clarification email provided.<br>Seller Comment (XXXX-05-01): (Rate Lock) ownership from CPA provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Operating agreement | Loan file is missing an Operating agreement to show borrower's business ownership percentage. |  |  |  | Reviewer Comment (XXXX-05-04): CPA letter verification/clarification email provided.<br>Seller Comment (XXXX-05-01): (Rate Lock) ownership from CPA provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall exception due to missing income documents. |  |  |  | Reviewer Comment (XXXX-05-04): CPA letter verification/clarification email provided.<br>Reviewer Comment (XXXX-05-04): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk.<br>Seller Comment (XXXX-05-01): (Rate Lock) ownership from CPA provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120605 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-11): Received security instrument in trailing docs. | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120815 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for borrower being a first time homebuyer. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Reserves: 24.07<br> Guideline Requirement: 6.00<br>Loan to Value: 51.80723%<br> Guideline Maximum Loan to Value: 75.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 758<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-26): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120740 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided |  | EIN document not provided. |  |  |  | Reviewer Comment (XXXX-05-26): Received W-9 form in trailing docs.<br>Reviewer Comment (XXXX-05-22): Please provide letter from IRS showing EIN. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120660 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Please provide the copy of Corporate Resolution for XXXX LLC. |  |  |  | Reviewer Comment (XXXX-05-21): EIN shows sole member.<br>Seller Comment (XXXX-05-19): (Rate Lock) EIN shows sole member | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120660 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | Please provide the copy of Operating Agreement for XXXX LLC. |  |  |  | Reviewer Comment (XXXX-05-21): Provided EIN shows sole member.<br>Seller Comment (XXXX-05-19): (Rate Lock) EIN shows sole member | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120660 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 673 is less than Guideline representative FICO score of 680. | FICO of 673 is less than guideline required minimum of 680 for LTV of 80%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | The DSCR of 1.03 is greater than the minimum required DSCR of 1.00.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-06-03): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120708 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 650 is less than Guideline representative FICO score of 660. | Representative FICO score of 650 is less than guideline representative FICO score of 660. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DSCR on the loan is greater than the guideline minimum.<br>Miscellaneous | Loan to Value: 50.00000%<br> Guideline Maximum Loan to Value: 75.00000%<br>The DSCR of 1.31 is greater than the minimum required DSCR of 1.00.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-06-03): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX St, XXXXXXXX Lease Agreement | Lease Agreement and Mortgage Statement documents were not found in file for REO property at XXXX St. |  |  |  | Reviewer Comment (XXXX-06-02): CD provided reflecting newly purchased. Lease not in place yet.<br>Reviewer Comment (XXXX-05-29): Guidelines require a copy of the current lease agreement and Form 1007.<br>Seller Comment (XXXX-05-28): (Rate Lock) Since these were new purchases we used 1007s to come up with market rent<br>Reviewer Comment (XXXX-05-27): EXCEPTION HISTORY - Exception Explanation was updated on XXXX PRIOR Exception Explanation: Lease Agreement, Statement<br>Reviewer Comment (XXXX-05-27): A copy of the current lease or rental agreement is required by guidelines. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower does not have full 12-month housing payment history. 7 months at primary, remaining 5 months living on the XXXX in an RV with no primary housing expense. Guidelines limit borrowers without a full 12-month housing payment history to an 80% LTV, and when this is not met, investment transactions are rendered ineligible. | Borrower has verified disposable income of at least XXXX0.00.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Guidelines Representative FICO: 700<br> Representative FICO: 787<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-11): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Rental income was used to qualify. Loan file is missing mortgage statement and lease agreement for investment property with address XXXX st. |  |  |  | Reviewer Comment (XXXX-06-02): CD provided reflecting newly purchased. Lease not in place yet.<br>Reviewer Comment (XXXX-05-29): Guidelines require a copy of the current lease agreement and Form 1007.<br>Seller Comment (XXXX-05-28): (Rate Lock) Since these were new purchases we used 1007s to come up with market rent<br>Reviewer Comment (XXXX-05-27): CD provided, file still missing lease agreement. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120724 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. (Final/XXXX) | Final closing disclosure did not mention the reason for not having an escrow account. |  |  |  | Reviewer Comment (XXXX-05-26): XXXX Received Letter of Explanation & Corrected Closing Disclosure. |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120724 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX plus 10% or XXXX. Sufficient or excess cure was provided to the borrower at Closing. (0) |  |  |  |  | Reviewer Comment (XXXX-05-18): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120721 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | XXXX SB XXXX | XXXX Lending Database Program (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Certificate of Compliance or Exemption document is not provided in file. |  |  |  | Reviewer Comment (XXXX-05-26): Received document in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120721 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Closing Disclosure document is not provided to Borrower at least three business days prior to closing. |  |  |  | Reviewer Comment (XXXX-05-21): XXXX received XXXX Initial CD, 3 business days prior to the consummation. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120733 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-05-15): Client accepts EV2 Grade and elects to Waive. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX St, XXXXXXXX Lease Agreement, Statement, Tax Verification | Rental income was used to qualify. Loan file is missing lease agreement and mortgage statement for the property. |  |  |  | Reviewer Comment (XXXX-06-02): CD provided reflecting newly purchased. Lease not in place yet.<br>Reviewer Comment (XXXX-05-29): Guidelines require lease agreement and 1007. Verification of mortgage payment is not in file.<br>Reviewer Comment (XXXX-05-27): Please provide CD and lease agreement for XXXX.<br>Seller Comment (XXXX-05-26): (Rate Lock) Docs provided were to evidence this was a purchase that just closed XXXX, 1007 was provided<br>Reviewer Comment (XXXX-05-08): Lease agreement and mortgage statement were not provided in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of good standing missing for the borrowing business entity. |  |  |  | Reviewer Comment (XXXX-05-08): Received business listing in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | HOI coverage is insufficient by XXXX. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. |  |  |  | Reviewer Comment (XXXX-05-27): XXXX checklist provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 85.00000% exceeds Guideline loan to value percentage of 80.00000%. | LTV of 85% exceeds guideline max of 80% for a borrower without a 12 month housing history. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has verified disposable income of at least XXXX0.00. | Reserves: 44.07<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 787 | XXXX | Reviewer Comment (XXXX-04-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 85.00000% exceeds Guideline combined loan to value percentage of 80.00000%. | LTV of 85% exceeds guideline max of 80% for a borrower without a 12 month housing history. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Guidelines Representative FICO: 660<br> Representative FICO: 787<br>Reserves: 44.07<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-04-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met |  | Certificate of good standing missing for borrowing business entity. |  |  |  | Reviewer Comment (XXXX-05-08): Received business listing in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Rental income was used to qualify. Loan file is missing lease agreement and mortgage statement for the property. |  |  |  | Reviewer Comment (XXXX-06-02): CD provided reflecting newly purchased. Lease not in place yet.<br>Reviewer Comment (XXXX-05-29): Guidelines require lease agreement and 1007. Verification of mortgage payment is not in file.<br>Reviewer Comment (XXXX-05-27): Please provide CD and lease agreement for XXXX.<br>Seller Comment (XXXX-05-26): (Rate Lock) Confirm for what property? XXXX and XXXX are new purchase investment properties.<br>Reviewer Comment (XXXX-05-08): Lease agreement and mortgage statement were not provided in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/XXXX) | No evidence that the borrower received a copy of the appraisal 3 business days prior to closing. |  |  |  | Reviewer Comment (XXXX-05-13): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-12): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | XXXX Prepayment Penalty - Business Entity | XXXX Prepayment Penalty: No prepayment penalties are permissible in the state of XXXX under N.J.S.A. 46:10B-2. | XXXX Prepayment Penalty: No prepayment penalties are permissible in the state of XXXX under N.J.S.A. 46:10B-2. |  |  |  | Reviewer Comment (XXXX-05-13): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-12): (Rate Lock) Lender accepts EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120732 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Please provide Corporate Resolution reflecting borrower has authority to bind the company on all owner's behalf. |  |  |  | Reviewer Comment (XXXX-05-20): OA giving borrowing authority provided.<br>Seller Comment (XXXX-05-18): (Rate Lock) Amended OA gives borrower authority | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.85 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.85 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Loan to Value: 56.09756%<br> Guideline Maximum Loan to Value: 75.00000%<br>Reserves: 112.28<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. |  | Hazard Insurance policy does not list Lender or Servicer - including successors and assigns. |  |  |  | Reviewer Comment (XXXX-05-20): HOI policy provided listing Lender - including successors and assigns. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120772 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | NSF exceeds 5 in the most recent 12 months. In total, there appear to be 61 overdrafts/NSFs in the most recent 12 months. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Miscellaneous | Loan to Value: 48.93617%<br> Guideline Maximum Loan to Value: 80.00000%<br>DTI: 32.94719% <br> Guideline Maximum DTI: 45.00000%<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120772 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-06-01): XXXX Received detailed LOE, Copy of check and Proof of Mailing. |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120625 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a cash out refinance with less than 6 months seasoning. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 11.98<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 763 | XXXX | Reviewer Comment (XXXX-04-29): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120791 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.85 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Lender approved exception for DSCR less than 1.00. | Miscellaneous<br>Borrower's Experience/Track Record | Housing payment history is 0x30x24 or better.<br>Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history | XXXX | Reviewer Comment (XXXX-05-29): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-29): (Rate Lock) Assets uploaded for review<br>Reviewer Comment (XXXX-05-22): Please provide updated lender exception. Funds held by 1031 cannot be used to satisfy reserve requirements. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120791 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-29): Received insurance policy in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120791 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Missing asset documentation covering 6 months PITIA reserves. Per guidelines, exchange funds cannot be utilized for reserves. |  |  |  | Reviewer Comment (XXXX-05-29): Received bank statements in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120729 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for the appraiser giving the subject a 55% condition rating which falls within the below average condition range. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | Reserves: 27.81<br> Guideline Requirement: 6.00<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Short Term DSCR Refinance with only 2 months history versus required 12 months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Reserves: 123.30<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 768<br>Mortgage history 12+ years 0\*30 | XXXX | Reviewer Comment (XXXX-05-07): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-05): See attached revised credit exception<br>Reviewer Comment (XXXX-05-04): Please provide updated lender exception reflecting calculated PITIA reserves. Lender exception form provided shows calculated PITIA reserves of 155 months, and Due Diligence Calculated PITIA months reserves are.123.3. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Guidelines require a minimum of 6 months of rent loss insurance. The hazard declaration page provided does not specify amount or number of months covered. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Reserves: 123.30<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 768<br>Mortgage history 12+ years 0\*30 | XXXX | Reviewer Comment (XXXX-05-07): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-05): See trailing docs for the revised credit exception showing 120 months reserves.<br>Reviewer Comment (XXXX-05-04): Please provide updated lender exception reflecting calculated PITIA reserves. Lender exception form provided shows calculated PITIA reserves of 155 months, and Due Diligence Calculated PITIA months reserves are.123.3. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120611 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-04): XXXX received CD dated XXXX. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120611 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for 10 NSF/ODs in the previous 12 months. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has worked in the same position for more than 3 years.<br>Miscellaneous | Borrower has worked in the same position for more than 3 years.<br>Housing payment history is 0x30x24 or better; | XXXX | Reviewer Comment (XXXX-04-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120611 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX plus 10% or XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. (0) | Recording Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-05): XXXX Received Corrected PCCD, LOE and True and Certified final settlement statement.<br>Reviewer Comment (XXXX-05-04): XXXX received rebuttal comment that fees are borrower shopped which is correct and no title fees are included in 10% tolerance category. The 10% fee includes only Recording fee which is increased from XXXX to XXXX on final CD without providing any valid COC. Please provide information as to what changed circumstance occurred (as defined under 1026.19(e)(4)(A)-(F) that resulted in an increase in closing costs or cure would be required.<br> Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check.<br>Seller Comment (XXXX-05-01): (Rate Lock) Borrower shopped for services | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120793 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for subject being on a 30.66 acres lot when guidelines max is 10 acres. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 797 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120726 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Unique Property Type. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 12.73<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 745 | XXXX | Reviewer Comment (XXXX-05-15): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided |  | Flood Certificate was not provided. |  |  |  | Reviewer Comment (XXXX-05-27): Received flood certificate in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX XXXX Third Party Verification | Third-party verification dated within 120 calendar days prior to note is missing for XXXX to verify business is active. |  |  |  | Reviewer Comment (XXXX-05-27): Received business entity doc in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Third-party verification dated within 120 calendar days prior to note is missing for XXXX to verify business is active. |  |  |  | Reviewer Comment (XXXX-05-27): Received business entity doc in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for XXXX NSFs/ODs in the past 12 months for the borrower's businesses. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | DTI: 27.25031% <br> Guideline Maximum DTI: 45.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to third-party verification dated within 120 calendar days prior to note is missing for XXXX to verify business is active. |  |  |  | Reviewer Comment (XXXX-05-27): Received business entity doc in trailing docs. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Third-party verification dated within 120 calendar days prior to note is missing for XXXX to verify business is active. |  |  |  | Reviewer Comment (XXXX-05-27): Received business entity doc in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Third-party verification dated within 120 calendar days prior to note is missing for XXXX to verify business is active. |  |  |  | Reviewer Comment (XXXX-05-27): Received business entity doc in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120727 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 67.12329% exceeds Guideline loan to value percentage of 65.00000%. | LTV exceeds guideline max of 65%. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 740<br> Representative FICO: 809<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120727 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for DSCR less than 1.00. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 740<br> Representative FICO: 809<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120727 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 67.12329% exceeds Guideline combined loan to value percentage of 65.00000%. | LTV exceeds guideline max of 65%. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 740<br> Representative FICO: 809<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-28): XXXX Received Corrected PCCD, LOE and Payment history. |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | 2-unit property with an ADU is not permitted per guidelines. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 16.33<br> Guideline Requirement: 6.00<br>Loan to Value: 51.69231%<br> Guideline Maximum Loan to Value: 80.00000%<br>DTI: 35.51582% <br> Guideline Maximum DTI: 55.00000%<br>Housing payment history is 0x30x24 or better.<br>Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history. | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | TPV, Business Search provided showing business is active is missing document date. Unable to verify business was active within 120 days prior to note date. |  |  |  | Reviewer Comment (XXXX-05-29): Date provided, system cleared. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | TPV, Business Search provided showing business is active is missing document date. Unable to verify business was active within 120 days prior to note date. |  |  |  | Reviewer Comment (XXXX-05-29): Date provided, system cleared. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | TPV, Business Search provided showing business is active is missing document date. Unable to verify business was active within 120 days prior to note date. |  |  |  | Reviewer Comment (XXXX-05-29): Date provided, system cleared. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | TPV, Business Search provided showing business is active is missing document date. Unable to verify business was active within 120 days prior to note date. |  |  |  | Reviewer Comment (XXXX-05-29): Date provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | XXXX | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: | TPV, Business Search provided showing business is active is missing document date. Unable to verify business was active within 120 days prior to note date. |  |  |  | Reviewer Comment (XXXX-05-29): Date provided | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow borrower living rent free with no attestation from owner. | Borrower has owned the subject property for at least 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-06): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing dated within 90 days prior to closing was not provided. |  |  |  | Reviewer Comment (XXXX-05-12): COGS provided and dated w/in 30 days of closing. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing not provided in this loan file. |  |  |  | Reviewer Comment (XXXX-05-28): Received COGS in trailing docs.<br>Reviewer Comment (XXXX-05-26): Document provided is dated pre-closing. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception request for FICO scores on credit. Does not meet minimum tradeline requirement. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Guidelines Representative FICO: 660<br> Representative FICO: 766<br>Reserves: 221.60<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.97 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Exception request for DSCR below 1.00 (0.966) with 75% LTV. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Guidelines Representative FICO: 660<br> Representative FICO: 766<br>Reserves: 221.60<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception to use a post-dated Certificate of good standing. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 221.60<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 766 | XXXX | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120746 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 75.00000% exceeds Guideline loan to value percentage of 70.00000%. | Lender exception was approved at origination to allow LTV of 75% versus max 70%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Reserves: 12.62<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 700<br> Representative FICO: 741<br>Mortgage history dating back to 2007 0x30 | XXXX | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-18): Please down grade to EV 2 as we have a lender exception. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120746 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 75.00000% exceeds Guideline combined loan to value percentage of 70.00000%. | LTV of 75% exceeds guideline max of 70%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Reserves: 12.62<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 700<br> Representative FICO: 741<br>Mortgage history dating back to 2007 0x30 | XXXX | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-18): Please down grade to EV 2 as we have a lender exception. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120586 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception to use a new lease agreement along with evidence of security deposit and 1st month to determine DSCR. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 700<br> Representative FICO: 740<br>Minimum LTV is 70%. Loan LTV is 65% | XXXX | Reviewer Comment (XXXX-04-29): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120779 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | VOR provided from individual landlord. Per LOE from borrower, rent is paid in cash and cannot provide checks or bank statements to support VOR as per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Miscellaneous | Oldest credit tradeline 5/2015 | XXXX | Reviewer Comment (XXXX-06-03): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-29): Please provide compensating factors. It shows comp factors as none.<br>Seller Comment (XXXX-05-29): (Rate Lock) Comp factors added to exception<br>Reviewer Comment (XXXX-05-20): Compensating factors were not provided. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  | Articles of Organization/Formation not provided. |  |  |  | Reviewer Comment (XXXX-05-22): Articles of Organization/Formation provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing not provided. |  |  |  | Reviewer Comment (XXXX-05-22): Certificate of Good Standing provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Corporate Resolution not provided. |  |  |  | Reviewer Comment (XXXX-05-22): Both members signed Security Instrument. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided |  | Employer Identification Number not provided. |  |  |  | Reviewer Comment (XXXX-05-18): EIN provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | Operating Agreement not provided. |  |  |  | Reviewer Comment (XXXX-05-22): Operating Agreement provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Eligibility | Credit | Active Tradeline requirement not met. | Credit Report: Original // Borrower: XXXX XXXX Borrower has 0 Active Tradelines which is less than the minimum required by guidelines. | Lender approved exception to proceed with 2 credit scores and lack of required tradelines. Borrower has 4 trades with 39 months + history, however not within 24 months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum. | Reserves: 255.18<br> Guideline Requirement: 6.00<br>The DSCR of 1.38 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-08): Lender exception form shows reserves of 267 months whereas calculated reserves are 255.18 months. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120768 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided |  | Hazard Insurance Policy missing in Loan file. |  |  |  | Reviewer Comment (XXXX-05-29): Provided hazard policy in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120768 | XXXX | XXXX | XXXX | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. |  | Title Report missing in Loan file. |  |  |  | Reviewer Comment (XXXX-05-29): Received prelim title in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120768 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing |  |  |  |  |  | Reviewer Comment (XXXX-05-29): Received prelim title in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120768 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. |  |  |  |  |  | Reviewer Comment (XXXX-06-04): Provided hazard policy in trailing docs. | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120789 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | List Price was not provided. | Valuation Type: Appraisal / Valuation Report Date: XXXX | List date and price details were not found in file. |  |  |  | Reviewer Comment (XXXX-06-03): Property is a FSBO.<br>Reviewer Comment (XXXX-05-28): Appraisal shows the subject property has been listed within 12 months of the appraisal. List date and price is required.<br>Seller Comment (XXXX-05-27): (Rate Lock) This is not required - please advise | XXXX |  |  | 1 B A | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120789 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Insufficient data provided to check variance between list price and XXXX price. | Valuation Type: Appraisal / Valuation Report Date: XXXX |  |  |  |  | Reviewer Comment (XXXX-06-03): Property is a FSBO.<br>Reviewer Comment (XXXX-05-28): Appraisal shows the subject property has been listed within 12 months of the appraisal. List date and price is required.<br>Seller Comment (XXXX-05-27): (Rate Lock) This is not required - please advise | XXXX |  |  | 1 B A | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120704 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a credit report that expires 2 days prior to the note date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. | Reserves: 13.70<br> Guideline Requirement: 6.00<br>Debt Service Coverage Ratio: 1.57<br> Guideline Requirement: 1.00 | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three business days of initial application date. |  |  |  | Reviewer Comment (XXXX-05-13): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-12): Lender accepts finding, please clr |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | XXXX | XXXX | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 |  | Initial 1003 was not found in file. |  |  |  | Reviewer Comment (XXXX-05-13): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-12): Lender accepts finding, pls clr |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Rural investment property not permitted per guidelines. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Miscellaneous | DTI: 13.87547% <br> Guideline Maximum DTI: 43.00000%<br>Mortgage History 35+ years 0x30<br> Credit Depth w/ 14 total tradelines, 6 mortgages, oldest 11/1988, all 0x30 | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file is missing a third-party verification to verify business has been active within 120 days of the Note date. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Miscellaneous | DTI: 13.87547% <br> Guideline Maximum DTI: 43.00000%<br>Mortgage History 35+ years 0x30<br> Credit Depth w/ 14 total tradelines, 6 mortgages, oldest 11/1988, all 0x30 | XXXX | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-26): attached<br>Reviewer Comment (XXXX-05-21): Guidelines require active employment to be verified prior to closing. The CPA letter does not state open and active, the Dept of State is dated post close, and the other Department of State expanded search is not dated. The documentation cannot be accepted as it stands as it does not meet the requirements. For Lender exceptions, we need an Approved Lender Exception with Comp Factors loaded to the file.<br>Reviewer Comment (XXXX-05-21): Please provide approved lender exception form to downgrade and waive to 2. This is required.<br>Seller Comment (XXXX-05-19): Clr as a 2 with comp factors, lender exception does not need to be provided to downgrade to a 2 and lender accepts finding<br>Reviewer Comment (XXXX-05-19): TPV provided is dated post close.<br>Seller Comment (XXXX-05-15): attached<br>Reviewer Comment (XXXX-05-13): Please provide lender exception with compensating factors.<br>Seller Comment (XXXX-05-12): Request downgrade to a 2 based on comp factors, lender accepts finding |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Third Party Verification | Loan file is missing a third-party verification to verify business has been active within 120 days of the Note date. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Miscellaneous | DTI: 13.87547% <br> Guideline Maximum DTI: 43.00000%<br>Mortgage History 35+ years 0x30<br> Credit Depth w/ 14 total tradelines, 6 mortgages, oldest 11/1988, all 0x30 | XXXX | Reviewer Comment (XXXX-05-28): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-26): attached<br>Reviewer Comment (XXXX-05-21): Guidelines require active employment to be verified prior to closing. The CPA letter does not state open and active, the Dept of State is dated post close, and the other Department of State expanded search is not dated. The documentation cannot be accepted as it stands as it does not meet the requirements. For Lender exceptions, we need an Approved Lender Exception with Comp Factors loaded to the file.<br>Reviewer Comment (XXXX-05-21): Please provide approved lender exception form to downgrade and waive to 2. This is required.<br>Seller Comment (XXXX-05-19): Clr as a 2 with comp factors, lender exception does not need to be provided to downgrade to a 2 and lender accepts finding<br>Reviewer Comment (XXXX-05-19): TPV provided is dated post close.<br>Seller Comment (XXXX-05-15): attached<br>Reviewer Comment (XXXX-05-13): Please provide lender exception with compensating factors.<br>Seller Comment (XXXX-05-12): Request downgrade to a 2 based on comp factors, lender accepts finding |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120775 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.77 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Lender requested an exception which was approved because the DSCR score is less than 1. | The representative FICO score exceeds the guideline minimum by XX points. | The representative FICO score exceeds the guideline minimum by 20 points. | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to use commission from the transaction. Borrower representing herself. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has worked in the same position for more than 3 years. | DTI: 30.69894% <br> Guideline Maximum DTI: 43.00000%<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 90.00000% exceeds Guideline loan to value percentage of 80.00000%. | LTV of 90% exceeds guideline max of 80% for a borrower living rent free. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. | DTI: 30.69894% <br> Guideline Maximum DTI: 43.00000% | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 90.00000% exceeds Guideline combined loan to value percentage of 80.00000%. | LTV of 90% exceeds guideline max of 80% for a borrower living rent free. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. | DTI: 30.69894% <br> Guideline Maximum DTI: 43.00000% | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120767 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) | Appraisal Report was not provided to borrower within 3 business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-05-19): Client accepts EV2 Grade and elects to Waive. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120720 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-05-14): Client accepts EV2 Grade and elects to Waive. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120720 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a cash out refinance less than 6 months since borrower had another cash out refinance on the subject. Last cash out refi was in XXXX. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Guidelines Representative FICO: 660<br> Representative FICO: 795<br>Loan to Value: 44.00000%<br> Guideline Maximum Loan to Value: 80.00000% | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120728 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. |  |  |  |  | Reviewer Comment (XXXX-05-22): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-20): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of XXXX is greater than Guideline maximum loan amount of XXXX. |  | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>Miscellaneous | Guidelines Representative FICO: 720<br> Representative FICO: 799<br>Loan to Value: 59.48276%<br> Guideline Maximum Loan to Value: 75.00000%<br>Recently rehab shown in appraisal with one providing a C3 condition and the other providing a C2 condition<br> Current note is held by LSF or in a securitization, previously sold in XXXX XXXX | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Cash-out refinance of a short-term rental utilizing 80% of a short-term. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's Experience/Track Record<br>Miscellaneous | Loan to Value: 59.48276%<br> Guideline Maximum Loan to Value: 75.00000%<br>Guidelines Representative FICO: 720<br> Representative FICO: 799<br>The borrower has seven years experience, three properties in portfolio<br>Recently rehab shown in appraisal with one providing a C3 condition and the other providing a C2 condition<br> Current note is held by LSF or in a securitization, previously sold in XXXX XXXX | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120891 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | No evidence of initial Closing Disclosures issued. |  |  |  | Reviewer Comment (XXXX-06-01): XXXX received 05/13 CD received 3 business days prior to consummation. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No Defined Cure A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-06-01): XXXX received additional information for valid changed circumstance. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-06-03): XXXX received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD<br>Reviewer Comment (XXXX-06-03): Exception has been elevated for further review. |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Missing seller's VOM, required for non-arms transactions. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 28.59544% <br> Guideline Maximum DTI: 45.00000%<br>Guidelines Representative FICO: 700<br> Representative FICO: 755 | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. |  |  |  | Reviewer Comment (XXXX-05-29): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-29): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow subject recently listed for sale and taken off the market after loan application date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | Reserves: 81.13<br> Guideline Requirement: 6.00<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-06): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided |  | Complete Note missing from file. |  |  |  | Reviewer Comment (XXXX-05-13): Received Note document in trailing docs.<br>Seller Comment (XXXX-05-11): (Rate Lock) Note provided | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120888 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower is a first time homebuyer and ineligible per guidelines. \*\*\*\*\*Updated XXXX\*\*\*\*\* For properties owned free and clear, a property profile report or similar document showing no liens against the property should be included in the credit file. Tax bill provided reflects a different entity other than the borrower paying the taxes XXXX. Provide Property History Report to verify property is Free and Clear. |  |  |  | Reviewer Comment (XXXX-06-05): Statement in spouse's name only.<br>Seller Comment (XXXX-06-04): (Rate Lock) MTG confirms only spouse is on the note, but profile supports bwr is on title - therefore not a first time buyer. Please review<br>Reviewer Comment (XXXX-06-03): For properties owned free and clear, a property profile report or similar document showing no liens against the property should be included in the credit file. Tax bill provided reflects a different entity other than the borrower paying the taxes XXXX. Provide Property History Report to verify property is Free and Clear.<br>Reviewer Comment (XXXX-06-01): Document provided is a tax certificate. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120805 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX |  | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 680<br> Representative FICO: 751 | XXXX | Reviewer Comment (XXXX-05-27): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120805 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception approved for no HOA. The unit owners are responsible for all matters pertaining to their individual units. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 680<br> Representative FICO: 751 | XXXX | Reviewer Comment (XXXX-05-27): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120790 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID | Document Error | TRID | Closing Disclosure: Dates are not in chronological order. | Date Issued: XXXX Issue Date: XXXX; Received Date: XXXX; Signed Date: XXXX | Closing Disclosure signed date is XXXX, which is prior to issue date XXXX. |  |  |  | Reviewer Comment (XXXX-05-29): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-29): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120790 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. XXXX | Final Lender Credit of XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-06-04): XXXX received a valid COC.<br>Seller Comment (XXXX-06-03): (Rate Lock) DTI increased from 36.12 to 53.42<br>Reviewer Comment (XXXX-06-01): XXXX received COC dated XXXX however it is not a valid reason. Kindly provide a valid COC as to why the lender credit decreased on CD dated XXXX or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120790 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-06-04): XXXX received a valid COC.<br>Seller Comment (XXXX-06-03): (Rate Lock) DTI increased from 36.12 to 53.42<br>Reviewer Comment (XXXX-06-01): XXXX received COC dated XXXX however it is not a valid reason. Kindly provide a valid COC as to why the loan discount point added on CD dated XXXX or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception approval is provided to allow XXXX overdrafts in a 12-month period. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 24mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-21): System cleared after Lender Exception with Compensating Factors provided.<br>Seller Comment (XXXX-05-19): (Rate Lock) please downgrade and waive |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Client:XXXX/XXXX) |  |  |  |  | Reviewer Comment (XXXX-05-21): Received delivery documentation in trailing docs. | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.24760% or Final Disclosure APR of 8.25000% is equal to or greater than the threshold of APOR 6.37% + 1.5%, or 7.87000%. Non-Compliant Higher Priced Mortgage Loan. |  |  |  |  | Reviewer Comment (XXXX-05-21): Received delivery documentation in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Client:93045/XXXX) |  |  |  |  | Reviewer Comment (XXXX-05-21): Received delivery documentation in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-05-21): Client accepts EV2 Grade and elects to Waive. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120701 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. |  |  |  |  | Reviewer Comment (XXXX-05-22): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-20): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120701 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of XXXX is greater than Guideline total cash-out of XXXX. | HUD-1 total cash-out of XXXX is greater than guideline total cash-out of XXXX. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Lender Exception with Compensating Factors provided. Downgraded and Waived. | XXXX | Reviewer Comment (XXXX-06-05): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120734 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception Requested: Borrower was on title and quitclaimed to daughter on XXXX and is now quitclaiming the subject back to borrower's name prior to closing. Exception needed for borrower not meeting vesting seasoning requirement of 6 months. Mortgage for the subject being paid off is under borrower's name since XXXX. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Miscellaneous | Loan to Value: 69.15984%<br> Guideline Maximum Loan to Value: 80.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of XXXX is less than Cash From Borrower XXXX. |  |  |  |  | Reviewer Comment (XXXX-05-22): Received bank statements in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing |  |  |  |  |  | Reviewer Comment (XXXX-05-22): Received Title in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. |  |  |  |  |  | Reviewer Comment (XXXX-05-22): Received prelim title in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-22): Received flood insurance policy in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-26): Received Insurance Policy in trailing docs.<br>Reviewer Comment (XXXX-05-22): Per guidelines, the subject property must be covered by property insurance protecting against loss or damage from fire, lighting and<br> other perils (wind, hail, smoke, civil commotion (including riots), damage caused by aircraft, vehicle, or explosion)<br> covered by the standard extended coverage endorsement. If any of the preceding perils is excluded that normally are<br> included under an extended coverage endorsement, then the Borrower must obtain a separate policy or endorsement to<br> cover excluded peril. Windstorm Policy was provided, Windstorm only insures against hail and windstorm. Please provide evidence the other perils are covered or additional policy is required. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / XXXX Contract not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-22): Received purchase contract in trailing docs. | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-22): Received prelim title in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-22): Received XXXXr's license in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. |  |  |  |  | Reviewer Comment (XXXX-05-22): Received bank statements in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | Insurance policy has a coverage shortfall of XXXX. |  |  |  | Reviewer Comment (XXXX-05-29): RCE in file. | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 75.00000% exceeds Guideline loan to value percentage of 70.00000%. | LTV of 75% exceeds guideline max of 70% for a property in a declining market. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower's Experience/Track Record | Borrower's Experience/Track Record. Currently holds 2 Properties and has Completed 2 Properties. | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 75.00000% exceeds Guideline combined loan to value percentage of 70.00000%. | LTV of 75% exceeds guideline max of 70% for a property in a declining market. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower's Experience/Track Record | Borrower's Experience/Track Record. Currently holds 2 Properties and has Completed 2 Properties. | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.99 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR is less than the guideline minimum of 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower's Experience/Track Record | Borrower's Experience/Track Record. Currently holds 2 Properties and has Completed 2 Properties. | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | Final HUD/Closing Disclosure document is missing in the file. |  |  |  | Reviewer Comment (XXXX-05-19): Received final HUD in trailing docs.<br>Seller Comment (XXXX-05-15): attached | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Approval Requested for vacant DSCR Refinance. Property recently constructed. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | Credit Depth w/ 22 total tradelines, 0 mortgages, oldest 7/2008, all 0x30 | XXXX | Reviewer Comment (XXXX-05-13): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception Request for Vacant DSCR Refinance. Property just constructed in XXXX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Reserves: 38.11<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 722<br>Credit Depth w/ 22 total tradelines, 0 mortgages, oldest 7/2008, all 0x30<br> Reserves of 25+ months vs min 3 months | XXXX | Reviewer Comment (XXXX-05-13): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120761 | XXXX | XXXX | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Note Date: XXXX; Lien Position: 1 |  |  |  |  | Reviewer Comment (XXXX-05-26): Received CDA in trailing docs. | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-06-05): XXXX received Letter of Explanation, copy of proof of principal reduction of cure amount & Corrected CD<br>Reviewer Comment (XXXX-06-03): XXXX received PCCD which was missing the lender credit cure, however, provided LOE to borrower was specific and explained the violation and cure. To finalize this cure, please provide a copy of the Loan Service records confirming the principal reduction of XXXX to the loan balance. The Disbursement Transaction Details is insufficient to reflect the actual loan balance reduction.<br>Reviewer Comment (XXXX-06-03): Exception has been elevated for further review. |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Insured on hazard declaration page does not match all vesting names as required per guidelines. |  |  |  | Reviewer Comment (XXXX-06-03): Updated HOI policy provided.<br>Reviewer Comment (XXXX-06-03): Title has 3 individuals. All 3 individuals should be shown as insured on insurance document. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to business document from third party not being dated. |  |  |  | Reviewer Comment (XXXX-06-03): CPA letter provided confirms borrower has been self-employed and in the same line of work for more than 4 years. Business licenses provided also confirm that. System cleared. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall exception due to loan file missing evidence of 2 years self-employment as required for Bank statement income. |  |  |  | Reviewer Comment (XXXX-06-03): CPA letter provided confirms borrower has been self-employed and in the same line of work for more than 4 years. Business licenses provided also confirm that. System cleared. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Waterfall exception due to loan file missing evidence of 2 years self-employment as required for Bank statement income. |  |  |  | Reviewer Comment (XXXX-06-03): CPA letter provided confirms borrower has been self-employed and in the same line of work for more than 4 years. Business licenses provided also confirm that. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall exception due to loan file missing evidence of 2 years self-employment as required for Bank statement income. |  |  |  | Reviewer Comment (XXXX-06-03): CPA letter provided confirms borrower has been self-employed and in the same line of work for more than 4 years. Business licenses provided also confirm that. System cleared. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Broker is requesting 85% LTV however max LTV is 80% due to rent free borrower. XXXX was previously renting in XXXX prior to living rent free in XXXX. VOR in file to confirm. Requesting use of VOR(without proof of rents verified via payment from cancelled checks or bank statements) to show borrower has not been living rent free the past 12 months and only 5 months. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has verified disposable income of at least XXXX0.00. | DTI: 23.63295% <br> Guideline Maximum DTI: 43.00000%<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for borrowers being in current employment for less than 2 years and being in different lines of work prior. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 11.82<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 27.51%<br> Borrower's Own Funds Amount: XXXX<br>Guidelines Representative FICO: 680<br> Representative FICO: 749 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan). Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-05-20): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan). Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-05-20): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 85.00000% exceeds Guideline loan to value percentage of 80.00000%. | LTV of 85% exceeds guideline max of 80% for a borrower living rent free. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 11.82<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 27.51%<br> Borrower's Own Funds Amount: XXXX<br>Guidelines Representative FICO: 680<br> Representative FICO: 749 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 85.00000% exceeds Guideline combined loan to value percentage of 80.00000%. | LTV of 85% exceeds guideline max of 80% for a borrower living rent free. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 11.82<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 27.51%<br> Borrower's Own Funds Amount: XXXX<br>Guidelines Representative FICO: 680<br> Representative FICO: 749 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 43.06300% exceeds Guideline total debt ratio of 43.00000%. | DTI exceeds max of 43% for a borrower living rent free. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 11.82<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 27.51%<br> Borrower's Own Funds Amount: XXXX<br>Guidelines Representative FICO: 680<br> Representative FICO: 749 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to DTI exceeds max of 43% for a borrower living rent free. |  |  |  | Reviewer Comment (XXXX-05-21): System cleared after Lender Exception with Compensating Factors provided. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | DTI exceeds max of 43% for a borrower living rent free. |  |  |  | Reviewer Comment (XXXX-05-21): System cleared after Lender Exception with Compensating Factors provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 43.06300% moderately exceeds the guideline maximum of 43.00%. (DTI Exception is eligible to be regraded with compensating factors.) | DTI exceeds max of 43% for a borrower living rent free. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 11.82<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 27.51%<br> Borrower's Own Funds Amount: XXXX<br>Guidelines Representative FICO: 680<br> Representative FICO: 749 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120813 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (XXXX-05-28): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-28): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120814 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 70.00000% exceeds Guideline loan to value percentage of 65.00000%. | LTV of 70% exceeds guideline max of 65% for a cash out refinance on a rural property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 87.44<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-05-27): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120814 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 70.00000% exceeds Guideline combined loan to value percentage of 65.00000%. | LTV of 70% exceeds guideline max of 65% for a cash out refinance on a rural property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 87.44<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-05-27): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX, XXXXXXXX Statement | Mortgage statement is missing for XXXX. |  |  |  | Reviewer Comment (XXXX-06-02): Security Instrument and bank printout for new HELOC provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-06-02): COC Loan amount change, DTI and pricing<br>Seller Comment (XXXX-06-02): (Rate Lock) Loan amount change caused LTV and DTI to increase<br>Reviewer Comment (XXXX-06-01): XXXX received COC dated XXXX for change in loan amount which was already in file but as per file the loan amount was increased while the lender credit was decreased. There must be other reason for change in pricing. Please provide additional details regarding any other factors that may have impacted pricing, such as changes in LTV, product type, DTI, rate lock, or any other relevant variables, to clearly support and justify the pricing adjustment. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to missing mortgage statement XXXX. |  |  |  | Reviewer Comment (XXXX-06-02): Security Instrument and bank printout for new HELOC provided. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Missing mortgage statement XXXX. |  |  |  | Reviewer Comment (XXXX-06-02): Security Instrument and bank printout for new HELOC provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Missing mortgage statement XXXX. |  |  |  | Reviewer Comment (XXXX-06-02): Security Instrument and bank printout for new HELOC provided.<br>Reviewer Comment (XXXX-05-29): Mortgage statement was not provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to missing mortgage statement XXXX. |  |  |  | Reviewer Comment (XXXX-06-02): Security Instrument and bank printout for new HELOC provided.<br>Reviewer Comment (XXXX-05-29): Mortgage statement was not provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 90.00000% exceeds Guideline loan to value percentage of 80.00000%. | Calculated loan to value percentage of 90.00% exceeds guideline loan to value percentage of 80.00%. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 27.44563% <br> Guideline Maximum DTI: 43.00000%<br>Reserves: 47.49<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 700<br> Representative FICO: 801 | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 90.00000% exceeds Guideline combined loan to value percentage of 80.00000%. | Calculated combined loan to value percentage of 90.00% exceeds guideline combined loan to value percentage of 80.00%. | The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | DTI: 27.44563% <br> Guideline Maximum DTI: 43.00000%<br>Reserves: 47.49<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 700<br> Representative FICO: 801<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | File is missing verification of the business being active dated within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-05-29): Received COGS in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Third Party Verification | File is missing verification of the business being active dated within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-05-29): Received COGS in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120719 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Sufficient cure is required. |  |  |  | Reviewer Comment (XXXX-05-29): Situamc Received rate lock dated XXXX showing loan program change. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| XXXX | XXXX | XXXX | 4350120719 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Excessive NSF/ODs of XXXX when the maximum allowed is 5 in 12 months. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Miscellaneous | Loan to Value: 59.09091%<br> Guideline Maximum Loan to Value: 80.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| XXXX | XXXX | XXXX | 4350120719 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX XXXX XXXX Statement | Mortgage statement for 2nd mortgage on XXXX XXXX XXXX is missing. |  |  |  | Reviewer Comment (XXXX-05-29): Statement provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| XXXX | XXXX | XXXX | 4350120785 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.87 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR is less than guideline minimum of 1.00. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Guidelines Representative FICO: 680<br> Representative FICO: 792<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-26): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-29): Received hazard insurance in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | XXXX | XXXX | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a U.S. XXXXzen, and the guideline required documentation was not provided. | Borrower: XXXX XXXX | Lender approved exception to proceed with non-permanent resident with a Visa type not allowed by guidelines. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Borrower has been employed in the same industry for more than 5 years.<br>Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 763<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-20): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX Dr, XXXXXXXX Insurance Verification | Hazard Insurance policy was not provided. |  |  |  | Reviewer Comment (XXXX-05-29): Received docs in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | AddressXXXX XXXX, XXXXXXXX Insurance Verification, Statement | Mortgage statement and Hazard Insurance policy were not provided. |  |  |  | Reviewer Comment (XXXX-05-29): Received docs in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120921 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for unverifiable housing history. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Debt Service Coverage Ratio: 1.71<br> Guideline Requirement: 1.00<br>Loan to Value: 35.60976%<br> Guideline Maximum Loan to Value: 75.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 791 | XXXX | Reviewer Comment (XXXX-05-29): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Seller Comment (XXXX-05-29): (Rate Lock) Exception updated to reflect the correct information<br>Reviewer Comment (XXXX-05-28)XXXXlculated DSCR is 1.71. Lender exception in file is for DSCR of 2.149. Lender exception form provided shows calculated PITIA reserves of 3 months, and Due Diligence Calculated reserves are 7.55 months. Please provide a corrected Lender exception. |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120698 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.98 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.98 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Loan to Value: 57.01754%<br> Guideline Maximum Loan to Value: 75.00000%<br>Reserves: 97.68<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 777 | XXXX | Reviewer Comment (XXXX-05-14): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Commitment in file. | Title provided is for loan amount of XXXXk which is less than note amount of XXXXk. |  |  |  | Reviewer Comment (XXXX-05-22): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-05-20): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | One of the 3 units is less than 500 sq ft. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DSCR on the loan is greater than the guideline minimum. | Reserves: 229.97<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 802<br>The DSCR of 1.10 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-05-19): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120738 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.93 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR is less than the guideline minimum of 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous<br>Borrower's Experience/Track Record | Housing payment history is 0x30x24 or better.<br>Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history. | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120797 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-22): Cured at closing or within 60 days of consummation prior to TPR review |  | XXXX |  | 1 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120797 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-05-27): XXXX received PCCD, LOE and principal adjustment notice. |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120797 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower has XXXX NSFs in the last 12 months. | Borrower has verified disposable income of at least XXXX0.00.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | DTI: 17.54800% <br> Guideline Maximum DTI: 55.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation discrepancy due to missing third-party verification dated within 120 days prior to note date that business is currently active, 1007/1025 or lease agreement for investment property and insufficient reserves. |  |  |  | Reviewer Comment (XXXX-05-29): System cleared. Lease agreement provided. TPV prior to closing missing.<br>Reviewer Comment (XXXX-05-29): Business entity listing provided is dated post-closing. Is there any pre-close documentation that reflected an open and active business?<br>Reviewer Comment (XXXX-05-27): Received lease agreement in trailing docs. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM status C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. (XXXX XXXX Rd/25% Vacancy Method) | Missing form 1007/1025 or lease agreement for investment property. |  |  |  | Reviewer Comment (XXXX-05-27): Received lease agreement in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Waterfall due to missing third-party verification dated within 120 days prior to note date that business is currently active, 1007/1025 or lease agreement for investment property and insufficient reserves. \*\*\*\*UPDATE XXXX\*\*\*\* Insufficient reserves cleared. |  |  |  | Reviewer Comment (XXXX-05-27): Received lease agreement in trailing docs. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX XXXX Rd, XXXX, XXXX Lease Agreement | Lease agreement missing. |  |  |  | Reviewer Comment (XXXX-05-27): Received Lease agreement in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Third Party Verification | Third-party verification dated within 120 days prior to note date that business is currently active was not in file. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-06-01): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-27): Business listing provided is not for borrower's XXXX business but for XXXX XXXX. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Third Party Verification | Third-party verification dated within 120 days prior to note date that business is currently active was not in file. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-06-01): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-05-27): Business listing provided is not for borrower's XXXX business but for XXXX XXXX. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Missing third-party verification dated within 120 days prior to note date that business is currently active and 1007/1025 or lease agreement for investment property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-06-02): Lender Exception with Compensating Factors provided. Downgraded and Waived.<br>Reviewer Comment (XXXX-06-01): Lease agreement provided in file.<br>Reviewer Comment (XXXX-05-29): Business entity listing provided is dated post-closing. Is there any pre-close documentation that reflected an open and active business?<br>Reviewer Comment (XXXX-05-27): Business listing provided is not for borrower's XXXX business but for XXXX XXXX. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.26 is less than Guideline PITIA months reserves of 6.00. | Assets in file are insufficient to satisfy reserve requirement. 1003 shows asset with a balance of XXXX. Bank statements were not provided in file. |  |  |  | Reviewer Comment (XXXX-05-28): Received additional assets in trailing docs.<br>Reviewer Comment (XXXX-05-27): Bank statements provided is for XXXX XXXX, Evidence of access to funds was not provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to missing third-party verification dated within 120 days prior to note date that business is currently active, 1007/1025 or lease agreement for investment property and insufficient reserves. \*\*\*\*UPDATE XXXX\*\*\*\* Insufficient reserves cleared. |  |  |  | Reviewer Comment (XXXX-06-02): Lender Exception with Compensating Factors provided. Downgraded and Waived by Compliance.<br>Reviewer Comment (XXXX-06-02): Downgraded to EV2-B with comp factors.<br>Reviewer Comment (XXXX-05-27): Bank statements provided is for XXXX XXXX, Evidence of access to funds was not provided. Business listing also provided is not for borrower's XXXX business but for XXXX XXXX. |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing third-party verification dated within 120 days prior to note date that business is currently active, 1007/1025 or lease agreement for investment property and insufficient reserves. \*\*\*\*UPDATE XXXX\*\*\*\* Insufficient reserves cleared. |  |  |  | Reviewer Comment (XXXX-06-02): Lender Exception with Compensating Factors provided. Downgraded and Waived by Compliance.<br>Reviewer Comment (XXXX-06-02): Regraded to EV2-B with comp factors.<br>Reviewer Comment (XXXX-05-29): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.)<br>Reviewer Comment (XXXX-05-27): Bank statements provided is for XXXX XXXX, Evidence of access to funds was not provided. Business listing also provided is not for borrower's XXXX business but for XXXX XXXX.<br>Seller Comment (XXXX-05-27): (Rate Lock) Correction - rental for XXXX uploaded<br>Seller Comment (XXXX-05-27): (Rate Lock) Not using rental income - uploaded evidence of market rent |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for ADU on mobile property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-19): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for NAL's and at interest for 90% LTV. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years. | XXXX | Reviewer Comment (XXXX-05-19): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Assets in file are insufficient to satisfy reserve requirement. 1003 shows asset with a balance of XXXX. Bank statements were not provided in file. |  |  |  | Reviewer Comment (XXXX-05-28): Received additional assets in trailing docs.<br>Reviewer Comment (XXXX-05-27): Bank statements provided is for XXXX XXXX, Evidence of access to funds was not provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. |  |  |  |  | Reviewer Comment (XXXX-06-02): Loan is Non-QM.<br>Reviewer Comment (XXXX-05-29): Business entity listing provided is dated post-closing. Is there any pre-close documentation that reflected an open and active business?<br>Seller Comment (XXXX-05-29): (Rate Lock) Added exception for being dated post close<br>Reviewer Comment (XXXX-05-28): Loan file is still missing third party verification for the business.<br>Reviewer Comment (XXXX-05-27): Bank statements provided is for XXXX XXXX, Evidence of access to funds was not provided. Business listing also provided is not for borrower's XXXX business but for XXXX XXXX. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120910 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | Final executed copy of HUD/Closing Disclosure is required in the file. |  |  |  | Reviewer Comment (XXXX-06-03): Final Settlement Statement provided. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120910 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.85 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR is less than the guideline minimum of 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 18.55<br> Guideline Requirement: 6.00<br>Loan to Value: 51.76923%<br> Guideline Maximum Loan to Value: 75.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 766 | XXXX | Reviewer Comment (XXXX-05-29): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120678 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower is a first time investor with short term rental income. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 733<br>Reserves: 139.70<br> Guideline Requirement: 3.00<br>Mortgage History 11+ years 0x30 | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120678 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Appraisal shows Quality rating as Q5. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 733<br>Reserves: 139.70<br> Guideline Requirement: 3.00<br>Mortgage History 11+ years 0x30 | XXXX | Reviewer Comment (XXXX-05-08): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120907 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for subject being a log home. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's Experience/Track Record | Reserves: 39.88<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 707<br>The borrower has more than 2 Years of Experience. | XXXX | Reviewer Comment (XXXX-05-29): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 653 is less than Guideline representative FICO score of 660. | Exception for FICO of 653 is less than minimum requirement of 660. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>Borrower has verified disposable income of at least XXXX0.00. | Loan to Value: 66.77419%<br> Guideline Maximum Loan to Value: 80.00000%<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 13.19546% <br> Guideline Maximum DTI: 55.00000%<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX | XXXX | Reviewer Comment (XXXX-05-21): System cleared after Lender Exception with Compensating Factors provided. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Third Party Verification | File is missing verification dated within 120 calendar days of the note to verify that the business is currently active. |  |  |  | Reviewer Comment (XXXX-05-29): CPA letter confirms business is active. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | File is missing verification dated within 120 calendar days of the note to verify that the business is currently active. |  |  |  | Reviewer Comment (XXXX-05-29): CPA letter confirms business is active. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to File is missing verification dated within 120 calendar days of the note to verify that the business is currently active. |  |  |  | Reviewer Comment (XXXX-05-29): CPA letter confirms business is active. | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | File is missing verification dated within 120 calendar days of the note to verify that the business is currently active. |  |  |  | Reviewer Comment (XXXX-05-29): CPA letter confirms business is active. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | File is missing verification dated within 120 calendar days of the note to verify that the business is currently active. |  |  |  | Reviewer Comment (XXXX-05-29): CPA letter confirms business is active. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120778 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Transaction being a non-arm's length transaction as the seller is the borrower's nephew. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 753<br>Reserves: 16.31<br> Guideline Requirement: 12.00<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120778 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.84 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.84 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) of 1.00. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | Guidelines Representative FICO: 660<br> Representative FICO: 753<br>Reserves: 16.31<br> Guideline Requirement: 12.00<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-05-18): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120802 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow a 2 unit property with an ADU. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700<br> Representative FICO: 808 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120802 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Appraisal being corrected - not an Non Arms Length. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700<br> Representative FICO: 808 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120798 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Subject property has a detached living quarter which contains a kitchen with a stove, bedroom/living room and a full bathroom, however appraiser does not states it as an accessory unit. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 102.46<br> Guideline Requirement: 12.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 805 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception request to use rental income from the subject for qualifying. The subject was recently leased, the borrower has provided LOE, lease, and evidence of 1st month's rent and deposit. Current DTI is 43.976 including this rental income; without the rental income, DTI is 63.726. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The refinance has decreased the borrower's monthly debt payments by 20% or more.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has been employed in the same industry for more than 5 years.<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: XXXX<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 44.79693% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 803 | XXXX | Reviewer Comment (XXXX-05-21): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file is missing a third-party verification to verify the business was active within120 days prior to closing. |  |  |  | Reviewer Comment (XXXX-05-28): Received contractor listing in trailing docs.<br>Seller Comment (XXXX-05-27): (Rate Lock) Borrower is 1099 - CPA letter confirms employment and NMLS shows active. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Third Party Verification | Loan file is missing a third-party verification to verify the business was active within120 days prior to closing. |  |  |  | Reviewer Comment (XXXX-05-28): Received contractor listing in trailing docs.<br>Seller Comment (XXXX-05-27): (Rate Lock) Borrower is 1099 - CPA letter confirms employment and NMLS shows active. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120913 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Borrower's ownership percentage in business and evidence that the withdrawal of funds from the business account will not have a negative impact on the business were not provided. |  |  |  | Reviewer Comment (XXXX-05-29): Received 1008 showing UW cleared borrower to use business funds for closing. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120913 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Borrower's ownership percentage in business and evidence that the withdrawal of funds from the business account will not have a negative impact on the business were not provided. |  |  |  | Reviewer Comment (XXXX-05-29): Received 1008 showing UW cleared borrower to use business funds for closing. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120913 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Borrower's ownership percentage in business and evidence that the withdrawal of funds from the business account will not have a negative impact on the business were not provided. |  |  |  | Reviewer Comment (XXXX-05-29): Received 1008 showing UW cleared borrower to use business funds for closing. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX Statement | Missing mortgage statement for new XXXX Funding loan in primary residence - XXXXy Ave. |  |  |  | Reviewer Comment (XXXX-05-26): Mortgage statement and updated 1003 provided.<br>Seller Comment (XXXX-05-22): (Rate Lock) Please see attached updated 1003<br>Reviewer Comment (XXXX-05-22): Mortgage statement provided.<br>Reviewer Comment (XXXX-05-22): 1003 shows a mortgage payment of XXXX for XXXXy XXXX property. Two mortgage statements provided totaXXXX. Please update 1003 to reflect XXXX.<br>Seller Comment (XXXX-05-22): (Rate Lock) The mortgage statement for XXXX XXXXy Ave also was in the package and please see attached<br>Seller Comment (XXXX-05-22): (Rate Lock) The mortgage statement also was in the package and please see attached | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Preliminary in file. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the Preliminary in file. |  |  |  | Reviewer Comment (XXXX-05-22): Supplemental report provided.<br>Seller Comment (XXXX-05-22): (Rate Lock) Please see attached the title supplement showing the correct loan amount XXXX<br>Seller Comment (XXXX-05-22): (Rate Lock) we also have the attached condo master insurance , and that was in the package . Kindly review and clear the condition | XXXX |  |  | 1 B A | XXXX | XXXX | Investment | Refinance - Rate/Term | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120829 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | HOI coverage is insufficient by XXXX. Provide updated policy reflecting minimum coverage of XXXX or provide copy of insurer's replacement cost estimate supporting current coverage amount. |  |  |  | Reviewer Comment (XXXX-05-27): RCE provided.<br>Seller Comment (XXXX-05-27): (Rate Lock) Please see attached RCE<br>Seller Comment (XXXX-05-27): (Rate Lock) We stopped going off the Estimated Cost New from Appraisal report a long time , it's should always be based on the loan amount .<br>Reviewer Comment (XXXX-05-27): Per guidelines, hazard insurance coverage must provide for claims to be settled on a replacement cost basis. Required minimum coverage is calculated based on the Estimated Cost New of XXXX per Appraisal report. A Replacement Cost Estimator (RCE) supporting current coverage amount of XXXX is required to clear the exception.<br>Seller Comment (XXXX-05-27): (Rate Lock) Please see attached and the amount of insurance is XXXX000 which is more than the loan amount of XXXX000. Please review and clear | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided |  |  |  |  |  | Reviewer Comment (XXXX-05-29): Received Hazard insurance in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of XXXX is less than Cash From Borrower XXXX. | Assets in file are insufficient to satisfy the cash required from the borrower at closing. |  |  |  | Reviewer Comment (XXXX-05-29): Received bank statements in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Assets in file are insufficient to satisfy reserve requirement. |  |  |  | Reviewer Comment (XXXX-05-29): Received bank statements in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. |  |  |  |  |  | Reviewer Comment (XXXX-05-29): Received prelim title in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing |  |  |  |  |  | Reviewer Comment (XXXX-05-29): Received prelim title in trailing docs. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for 2X30 mortgage lates within the most recent 12 months. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Loan to Value: 51.81347%<br> Guideline Maximum Loan to Value: 75.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 717 | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.87 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR is less than guideline minimum of 1.00. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Loan to Value: 51.81347%<br> Guideline Maximum Loan to Value: 75.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 717 | XXXX | Reviewer Comment (XXXX-05-22): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: Preliminary; <br> StateXXXX |  |  |  |  | Reviewer Comment (XXXX-06-03): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-06-02): (Rate Lock) EV2 accept please waive |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Both subject and primary residences are owned free and clear with past due property taxes for multiple years, not paid on time, as required. | Borrower has owned the subject property for at least 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower has owned the subject property for at least 5 years.<br>Reserves: 80.81<br> Guideline Requirement: 3.00<br>Combined Loan to Value: 50.00000%<br> Guideline Maximum Combined Loan to Value: 65.00000%<br>Loan to Value: 50.00000%<br> Guideline Maximum Loan to Value: 65.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 726 | XXXX | Reviewer Comment (XXXX-05-27): Lender Exception with Compensating Factors provided. Downgraded and Waived. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Note Date: XXXX; Lien Position: 1 |  |  |  |  | Reviewer Comment (XXXX-05-26): XXXX UCDP provided.<br>Seller Comment (XXXX-05-26): (Rate Lock) Please see attached UCDP and the UW score showing 1 | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Refinance - Rate/Term | D A C |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  | Articles of Organization/Formation document is missing in the file. |  |  |  | Reviewer Comment (XXXX-05-26): Articles provided.<br>Seller Comment (XXXX-05-26): (Rate Lock) Please see attached | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | D A C |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. (Type:Primary/XXXX) | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. |  |  |  | Reviewer Comment (XXXX-03-25): Original Appraisal Received. Exception Cleared<br>Buyer Comment (XXXX-03-24): Appraisal<br>Buyer Comment (XXXX-03-23): Appraisal delivery | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. (Type:Secondary/XXXX) | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. |  |  |  | Buyer Comment (XXXX-03-26): Acknowledged non material EV2<br>Reviewer Comment (XXXX-03-25): Received original appraisal for Primary Appraisal, however still missing original Appraisal for Secondary appraisal with XXXX XXXX Appraisals LLC. Exception Remains<br>Buyer Comment (XXXX-03-24): Please see uploaded appraisal report and delivery |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | XXXX Subprime Home Loan Threshold Fixed Non-Compliant | XXXX Subprime Loan: APR on subject loan of 10.12658% or Final Disclosure APR of 10.XXXX0% is in excess of allowable threshold of Prime Mortgage Market Rate 6.01000 + 1.75%, or 7.76000%. Non-Compliant SubPrime Loan. | XXXX Subprime Loan: APR on subject loan of 10.12658% or Final Disclosure APR of 10.XXXX0% is in excess of allowable threshold of Prime Mortgage Market Rate 6.01000 + 1.75%, or 7.76000%. Non-Compliant SubPrime Loan. |  |  |  | Reviewer Comment (XXXX-03-25): Received the updated counseling list<br>Reviewer Comment (XXXX-03-25): Received original appraisal for Primary Appraisal, however still missing original Appraisal for Secondary appraisal with XXXX XXXX Appraisals LLC. Exception Remains<br>Buyer Comment (XXXX-03-24): Appraisal report also uploaded<br>Buyer Comment (XXXX-03-23): Please see uploaded appraisal delivery and homeowners counseling. Please further advise what is needed to clear this. | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Purchase | No obvious cure. Cure provision underXXXXSubprime 6-m(7) appears to be limited to making a non-compliantXXXXSubprime loan into a compliantXXXXsubprime loan with no explicit cure language permitting loan to be refunded or cured by reducing the APR to effectively bring the loan out ofXXXXSubprime status. B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. |  | Borrower is living rent-free with the spouse. Borrowers whose spouse has the mortgage in only their name but can verify payments are coming from a joint account or who have other mortgaged properties with satisfactory most recent 12 month pay history are excluded from rent free restrictions. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | 15 vs 6 | XXXX | Reviewer Comment (XXXX-05-18): Investor accepts and agrees to waive with compensating factors.<br>Buyer Comment (XXXX-05-18): investor exception approval<br>Reviewer Comment (XXXX-05-05): Received Lease agreement and Payment history from XXXX XXXX and XXXX XXXX. As per guide, For rental verification a standard VOR completed by a professional management<br> company or 12 months bank statements/canceled checks and a lease agreement to document the term and payment are required. Exception remains.<br>Buyer Comment (XXXX-05-04): PER LENDER: enclosed to clear |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided |  | Unable to determine source of funds of large deposit of XXXX dated XXXX in XXXX Bank, N.A XXXX, need source of funds. |  |  |  | Reviewer Comment (XXXX-05-11): Received Seller Signed HUD confirming funds been transferred to the borrower. Exception Cleared.<br>Buyer Comment (XXXX-05-07): PER LENDER - Seller CD was provided. It's a HUD from the sale showing our borrower sold his property—to source the large deposit. Seller signed HUD should be sufficient and acceptable. Seller doesn't even get borrower HUD? Please escalate this.<br>Reviewer Comment (XXXX-05-05): Received seller signed HUD. Provide borrower, Seller and settlement agent signed HUD-1 Or Final Settlement statement executed by all parties. Exception remains.<br>Buyer Comment (XXXX-05-04): Large deposit was from XXXX sale of there house in MD. Here is proof the sale | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-05-11): Received Statement and updated Final 1003 with additional asset that meets the reserve requirement. Exception cleared<br>Reviewer Comment (XXXX-05-05): Received Crypto Statement from XXXX account. Funds are in dollars and covers the reserve requirement. However provide Final 1003 with Asset section updated with XXXX account XXXX. Exception remains.<br>Buyer Comment (XXXX-05-04): See uploads XXXX | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-05-11): Received Statement and updated Final 1003 with additional asset that meets the reserve requirement. Exception cleared<br>Reviewer Comment (XXXX-05-05): Received Crypto Statement from XXXX account. Funds are in dollars and covers the reserve requirement. However provide Final 1003 with Asset section updated with XXXX account XXXX. Exception remains.<br>Buyer Comment (XXXX-05-04): See uploads XXXX | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) XXXX Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) | XXXX Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. | XXXX Subprime Counseling Disclosure not provided to borrower within three days of application. |  |  |  | Reviewer Comment (XXXX-03-25): Received the updated counseling list<br>Buyer Comment (XXXX-03-23): Homeowners Counseling list | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Purchase | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.05 is less than Guideline PITIA months reserves of 6.00. | Business funds can be used for down payment and cash reserves for self-employed borrowers if the borrower(s) own at least 50% of the business. Accts XXXX were tested using 0% as CPA confirmed ownership was only 32.5%. |  |  |  | Reviewer Comment (XXXX-05-11): Received Final 1003 with Asset section updated with the additional assets. Exception cleared.<br>Buyer Comment (XXXX-05-07): URLA<br>Reviewer Comment (XXXX-05-05): Received Crypto Statement from XXXX account. Funds are in dollars and covers the reserve requirement. However provide Final 1003 with Asset section updated with XXXX account XXXX. Exception remains.<br>Buyer Comment (XXXX-05-05): Reserves<br>Buyer Comment (XXXX-05-04): HUD from sale | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | XXXX Subprime Home Loan Threshold Fixed Compliant | XXXX Subprime Loan: APR on subject loan of 10.12658% or Final Disclosure APR of 10.XXXX0% is in excess of allowable threshold of Prime Mortgage Market Rate 6.01000 + 1.75%, or 7.76000%. Compliant SubPrime Loan. |  |  |  |  | Buyer Comment (XXXX-03-25): Loan Compliant - Acknowledged as non-material. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | No obvious cure. Cure provision underXXXXSubprime 6-m(7) appears to be limited to making a non-compliantXXXXSubprime loan into a compliantXXXXsubprime loan with no explicit cure language permitting loan to be refunded or cured by reducing the APR to effectively bring the loan out ofXXXXSubprime status. B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) XXXX Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) | XXXX Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. | Received the updated counseling list |  |  |  | Buyer Comment (XXXX-03-31): Acknowledged non material EV2 - Counseling Disclosure not provided to borrower at the time of application, but within three days of application.<br>Reviewer Comment (XXXX-03-31): Same Counseling Disclosure provided. Required disclosures within three days of application. Exception remains<br>Buyer Comment (XXXX-03-27): Consumer Caution Counseling Notice |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120675 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. |  | Title, 1004, Hazard Insurance, RCE, reflect subject property city name as "XXXX XXXX"<br> Note, Final 1003 (Section 3a and 4a), Security instrumentXXXXood Cert reflect subject property city name as "XXXX XXXX Area"<br> The credit docs to be updated to match title or title to be changed or client to accept as is. |  |  |  | Reviewer Comment (XXXX-04-29): Received email correspondence from Insurance company with regards to the city name. Exception cleared.<br>Buyer Comment (XXXX-04-27): HOI LOX is acceptable to XXXX<br>Buyer Comment (XXXX-04-27): HOI LOX<br>Reviewer Comment (XXXX-04-21): Noted. Please provide investor Exception to proceed without the Area on HOI policy, RCE and appraisal report either or Provide updated HOI Policy, RCE and appraisal report with city name as "XXXX XXXX Area". Lender to ensure all required documents match property address reflected on title report. Exception remains.<br>Buyer Comment (XXXX-04-20): Lender's response: Hello, most insurance agents follow the XXXX standards, which typically show "XXXX XXXX" without the "Area" suffix per the attached EOI and RCE document. Insurance documents generally align with the postal database rather than the title's legal description. Would it be possible to get this escalated to get the EOI cleared without the "Area" designation? Thank you.<br>Reviewer Comment (XXXX-04-15): Received Title Supplement confirming City name as "XXXX XXXX Area". Provide Hazard Insurance and RCE with the updated city name as "XXXX XXXX Area". Exception remains.<br>Buyer Comment (XXXX-04-13): Lender's comments: Hello, please kindly see the attached Title Supplement showing city name as 'XXXX XXXX Area.' Thank you.<br>Reviewer Comment (XXXX-04-10): Same title report is provided. Title, 1004, Hazard Insurance, RCE, reflect subject property city name as "XXXX XXXX" Note, Final 1003 (Section 3a and 4a), Security instrumentXXXXood Cert reflect subject property city name as "XXXX XXXX Area" The credit docs to be updated to match title or title to be changed or client to accept as is. Exception remains<br>Buyer Comment (XXXX-04-09): Title | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120675 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Title, 1004, Hazard Insurance, RCE, reflect subject property city name as "XXXX XXXX"<br> Note, Final 1003 (Section 3a and 4a), Security instrumentXXXXood Cert reflect subject property city name as "XXXX XXXX Area"<br> The credit docs to be updated to match title or title to be changed or client to accept as is. |  |  |  | Reviewer Comment (XXXX-04-17): Received updated appraisal with change in City name. Exception Cleared<br>Buyer Comment (XXXX-04-17): Appraisal<br>Reviewer Comment (XXXX-04-15): Received Title Supplement confirming City name as "XXXX XXXX Area". Provide 1004 with the updated city name as "XXXX XXXX Area". Exception remains.<br>Buyer Comment (XXXX-04-13): Lender's comments: Hello, please kindly see the attached Title Supplement showing city name as 'XXXX XXXX Area.' Thank you.<br>Reviewer Comment (XXXX-04-10): Same title report is provided. Title, 1004, Hazard Insurance, RCE, reflect subject property city name as "XXXX XXXX" Note, Final 1003 (Section 3a and 4a), Security instrumentXXXXood Cert reflect subject property city name as "XXXX XXXX Area" The credit docs to be updated to match title or title to be changed or client to accept as is. Exception remains<br>Buyer Comment (XXXX-04-09): Title | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120675 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | Credit Report Error: Missing source document for credit/housing history. |  | XXXX XXXX - 45 months mortgage payment history verified with XXXX from XXXX to XXXX. Missing evidence of XXXX payment for 1st lien for XXXX.# XXXX. - 45 days lookback housing history requirement not met. |  |  |  | Reviewer Comment (XXXX-04-10): Mortgage statement is provided with XXXX month payment history. Exception cleared.<br>Buyer Comment (XXXX-04-09): Statement | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120675 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | GSE | XXXX Points and Fees | XXXX Points and Fees on subject loan of 5.09773% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and XXXX0.00 (XXXX). XXXX Finance Charge totaXXXX on a Original Loan Amount of XXXX vs. an allowable total of XXXX and XXXX0.00 (XXXX) (an overage of XXXX or .09773%). | EV2 Informational |  |  |  | Buyer Comment (XXXX-04-06): Acknowledged non-material EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A | N/A | N/A | Yes |
| XXXX | XXXX | XXXX | 4350120675 | XXXX | XXXX | XXXX | XXXX | Property | Valuation | Valuation Issue | Valuation | XXXX program guidelines require a CDA (Desk Review) |  | Guides require a desk review will be ordered and reviewed by EMET Underwriter on all loans with One full appraisal. |  |  |  | Reviewer Comment (XXXX-04-28): Received CDA that supports the appraisal value. Exception cleared.<br>Buyer Comment (XXXX-04-27): CDA | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350120842 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. (Type:Primary/XXXX) | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. |  |  |  | Buyer Comment (XXXX-04-16): Acknowledged non material EV2<br>Reviewer Comment (XXXX-04-16): Acknowledgement of receipt of appraisal is missing in file within 3 days of closing date. Exception remains<br>Buyer Comment (XXXX-04-14): Appraisal acknowledgment |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120842 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Missing evidence the Closing Disclosure was provided to the borrower at least three (3) business days prior to closing. Initial CD |  |  |  | Reviewer Comment (XXXX-04-15): XXXX received XXXX Initial CD, 3 business days prior to the consummation.<br>Buyer Comment (XXXX-04-14): Initial CD | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120842 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 51.68315% exceeds Guideline total debt ratio of 50.00000%. | Credit lien from XXXX Bank USA is paid by business as per 1008. However, business bank statement has multiple withdrawals for XXXX. Unable to verify required evidence of statement highlighting payments of XXXX #XXXX. |  |  |  | Reviewer Comment (XXXX-04-28): Business pay history is provided, reflecting #XXXX been paid by business. Exception cleared<br>Buyer Comment (XXXX-04-27): XXXX response: The statements are very clear on our end. Please let me know if the docs are visible. If not we will have to send them directly.<br>Reviewer Comment (XXXX-04-27): Provided bank statements or pay history is not clear/visible, required XXXX #XXXX payment history with monthly payment of XXXX. Exception remains<br>Buyer Comment (XXXX-04-23)XXXXpital one Withdrawals<br>Reviewer Comment (XXXX-04-21): Evidence that debts XXXX # XXXX IAp XXXX/monthly has been paid by Business is missing. Available business bank statement has multiple withdrawals for XXXX. Exception Remains<br>Buyer Comment (XXXX-04-20): Per Seller XXXXp one excluded business pays, CD uploaded<br>Reviewer Comment (XXXX-04-16): Provided business bank statement has multiple withdrawals for XXXX. Unable to verify, required evidence of statement highlighting payments of XXXX #XXXX. Exception remains<br>Buyer Comment (XXXX-04-15): Proof Synchrony paid | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120842 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-04-28): Business pay history is provided, reflecting XXXX been paid by business. Exception cleared<br>Reviewer Comment (XXXX-04-16): Provided business bank statement has multiple withdrawals for XXXX. Unable to verify, required evidence of statement highlighting payments of XXXX XXXX. Exception remains<br>Buyer Comment (XXXX-04-15): see upload | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120842 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient Credit documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-04-28): Business pay history is provided, reflecting XXXX been paid by business. Exception cleared<br>Reviewer Comment (XXXX-04-16): Provided business bank statement has multiple withdrawals for XXXX. Unable to verify, required evidence of statement highlighting payments of XXXX XXXX. Exception remains<br>Buyer Comment (XXXX-04-15): see upload | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120842 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 51.68315% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) | Credit lien from XXXX XXXX USA is paid by business as per 1008. However, business bank statement has multiple withdrawals for XXXX. Unable to verify required evidence of statement highlighting payments of XXXX #XXXX. |  |  |  | Reviewer Comment (XXXX-04-28): Business pay history is provided, reflecting XXXX been paid by business. Exception cleared<br>Reviewer Comment (XXXX-04-16): Provided business bank statement has multiple withdrawals for XXXX. Unable to verify, required evidence of statement highlighting payments of XXXX XXXX. Exception remains<br>Buyer Comment (XXXX-04-15): See upload | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120575 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-03-09): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Second Home | Refinance - Rate/Term | Final CD evidences Cure A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120575 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX Insurance Verification, Statement | Insurance Verification and Mortgage Statement in missing to verity monthly PITI expenses. |  |  |  | Reviewer Comment (XXXX-03-17): Received Final CD and First payment letter confirmed payment is escrowed. Exception Cleared<br>Buyer Comment (XXXX-03-16): Final CD from Purchase of XXXX XXXX XXXX Ave, Note, DOT and First Payment Letter. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120575 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX CPA Letter | The borrower's business ownership percentage must be at least 25%. Provide CPA/Tax Preparer, Operating Agreement or equivalent to confirm the ownership percentage. |  |  |  | Reviewer Comment (XXXX-03-25): Email copy is provided from CPA stating business has been 100% owned by borrower. Exception cleared<br>Buyer Comment (XXXX-03-23): Email from CPA confirming 100% ownership in XXXX. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120575 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR Failure. This exception will be cleared once all ATR specific Exceptions have been cured/Cleared. |  |  |  | Reviewer Comment (XXXX-03-25): Email copy is provided from CPA stating business has been 100% owned by borrower. Exception cleared<br>Buyer Comment (XXXX-03-23): cpa letter | XXXX |  |  | 1 B A C | XXXX | XXXX | Second Home | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation C | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120575 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient Income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-03-25): Email copy is provided from CPA stating business has been 100% owned by borrower. Exception cleared<br>Buyer Comment (XXXX-03-23): cpa letter | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120674 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided |  | Provide Updated Master Policy as it is Expired within 30 days of Note date. |  |  |  | Reviewer Comment (XXXX-05-04): Received revised & renewed Master Policy. Exception Cleared.<br>Buyer Comment (XXXX-05-01): Hello, please see attached<br>Reviewer Comment (XXXX-04-28): Email copy is provided from insurance company stating renewal policy is not available at this time however Updated or renewal master policy is required. Exception remains<br>Buyer Comment (XXXX-04-24): Hello, Please note the renewal policy is not available at this time. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120674 | XXXX | XXXX | XXXX | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is missing secondary valuation product required for securitization. |  | A desk review is required on all loans with one appraisal. |  |  |  | Reviewer Comment (XXXX-04-28): Desk review is provided in file. Exception Cleared<br>Buyer Comment (XXXX-04-24): Hello, please see attached | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is missing secondary valuation product required for securitization. |  | The file is missing a copy of the secondary valuation required for securitization purposes. as per guide a CDA is required if the CU score is 2.5 or above. CU score is 3.3. |  |  |  | Reviewer Comment (XXXX-05-05): Field review provided.<br>Reviewer Comment (XXXX-04-30): Provided CDA is indeterminate, required updated CDA reflecting Risk Score and CDA value in CDA desk review. Exception remains<br>Buyer Comment (XXXX-04-29): PER LENDER- CDA was Indeterminate and we ordered a field review with the XXXX's underwriting support desk permission | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate is locked as per LE dated XXXX. However no rate lock document received evidencing rate lock as of XXXX or prior. Need rate lock document other than initial LE evidencing rate lock as of XXXX or prior. |  |  |  | Reviewer Comment (XXXX-04-27): Received the lock<br>Buyer Comment (XXXX-04-27): Lock | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX plus 10% or XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. (0) | Survey fee on LE was XXXX and on final CD it's XXXX. No valid COC or cure provided. |  |  |  | Reviewer Comment (XXXX-04-30): XXXX received Letter of explanation and Corrected Closing disclosure.<br>Buyer Comment (XXXX-04-29): LOE and PCCD - Per Lender: "There is no final settlement statement since this loan is a TX property" - please also see uploaded invoice confirming amount and advise<br>Reviewer Comment (XXXX-04-28): XXXX Provide Corrected PCCD and LOE correcting payee name along with true and certified final settlement statement.<br>Buyer Comment (XXXX-04-27): Please also see Invoice on XXXX - Survey fee was paid to XXXX- Please confirm a PCCD with payee corrected and LOE to borrower is sufficient to cure.<br>Reviewer Comment (XXXX-04-27): XXXX received rebuttal. However, the payee name mentioned on SSPL and on the Final CD are the same.Therefore, the fee falls under ten percent tolernace limit. Kindly provide cure for the fee increased. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.<br>Buyer Comment (XXXX-04-24): SSPL - Per Lender: "Survey fee is list as a shoppable fee on the Service Provider's list. Invoice provided to reflect client shopped for their own surveyor. This fee should not be included in 10% tolerance due to client's choice for this item." | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Field Review Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Appraisal Field Review Fee on LE was XXXX and on final CD it's XXXX. No valid COC or cure provided. |  |  |  | Reviewer Comment (XXXX-04-28): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.<br>Buyer Comment (XXXX-04-27): The tolerance cure was provided on the closing CD of XXXX in addition to XXXX for the Appraisal Review Fee total of XXXX lender credit for tolerance cure<br>Reviewer Comment (XXXX-04-27): XXXX received Changed Circumstance dated XXXX, but the reason mentioned is not valid for the fee increased on CD dated XXXX. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.<br>Buyer Comment (XXXX-04-24): COC | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of XXXX exceeds tolerance of XXXX. XXXX over legal limit. Insufficient or no cure was provided to the borrower. XXXX | Appraisal Review Fee on LE was XXXX and on final CD it's XXXX. No valid COC or cure provided. |  |  |  | Reviewer Comment (XXXX-04-28): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.<br>Buyer Comment (XXXX-04-27): Appraisal review fee was disclosed on XXXX. CIC CD provided showing XXXX added due to appraisal expiring before closing. The tolerance cure was provided on the closing CD of XXXX in addition to XXXX for the Complex Rural Fee total of XXXX lender credit for tolerance cure<br>Reviewer Comment (XXXX-04-27): XXXX received COC dated XXXX.However, the fee also increased on CD dated XXXX for XXXX from XXXX. Kindly provide a valid COC for the fee increased or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.<br>Buyer Comment (XXXX-04-24): COC | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Field review value not provided. | Valuation Type: Field Review / Valuation Report Date: XXXX | CDA is needed for CU score greater than 2.5. CDA is not available in file instead field Review is provided but Field Review Value is blank. Need secondary valuation (CDA). CU Score 3.3. |  |  |  | Reviewer Comment (XXXX-05-05): Appraiser response provided. Appraisal value was accurate per appraiser.<br>Buyer Comment (XXXX-05-05): Per Lender - Appraiser's response when requesting value to be completed.<br>Buyer Comment (XXXX-05-01): Under USPAP, a field review is not required to provide a new value opinion; its primary purpose is to assess the quality of the original appraisal. However, a field review can include a value opinion if explicitly requested by the client, in which case the reviewer must follow specific Standards Rule. XXXX will be pushing back to the Lender to provide a value<br>Buyer Comment (XXXX-05-01): XXXX requires a field review when the CDA is indeterminate. A subsequent CDA is not required<br>Reviewer Comment (XXXX-04-30): Provided CDA is indeterminate, required updated CDA reflecting Risk Score and CDA value in CDA desk review. Exception remains<br>Buyer Comment (XXXX-04-29): PER LENDER- CDA was Indeterminate and we ordered a field review with the XXXX's underwriting support desk permission | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX 1084 or income worksheet | Income calculation worksheet is missing in file. Income calculation worksheets or a Uniform Underwriting Transmittal Summary (1008) with income calculations must be provided with every loan. |  |  |  | Reviewer Comment (XXXX-04-24): Income calculation worksheet is provided in file. Exception Cleared<br>Buyer Comment (XXXX-04-24): worksheet | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of XXXX is less than Cash From Borrower XXXX. | Assets worth XXXX mentioned on 1003 however supporting documents received only for XXXX. Need additional assets to meet closing and reserve requirement. |  |  |  | Reviewer Comment (XXXX-04-24): Additional assets are provided in file, Exception cleared<br>Buyer Comment (XXXX-04-24): XXXXk came from gift. remainder of funds came from verified assets | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Assets worth XXXX mentioned on 1003 however supporting documents received only for XXXX. Need additional assets to meet closing and reserve requirement. |  |  |  | Reviewer Comment (XXXX-04-24): Additional assets are provided in file, Exception cleared<br>Buyer Comment (XXXX-04-24): PER LENDER - reserves came from his own funds | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided |  | Flood Certificate is not available in file. Need flood certificate. |  |  |  | Reviewer Comment (XXXX-04-24): Flood certificate is provided with correct subject address. Exception Cleared<br>Buyer Comment (XXXX-04-24): flood cert | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-04-27): Received the lock | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient asset documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-04-27): Received the lock | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided |  | Lender Exception (not approved): Non QM 13 paying off construction loan. Loan was originally XXXX, but more was needed to complete the home. An additionaXXXX was added, which modified the lien and put an additional mechanics lien on the property. The loan was due and payable XXXX, but has been extended by the lender while this transition is finishing up. Lender has drafted a letter stating they are willing to extend since the borrowers are trying to get this refinance done. Compensating Factors: DTI 35%, Long term business owner, High credit scores, no derogs. Please confirm investor acceptability for downgrade consideration. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly mortgage payment has decreased by at least 20%.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-04-27): Lender Exception with Compensating Factors provided.<br>Buyer Comment (XXXX-04-23): Approved Lender Exception |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Field Review Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-04-30): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Refinance - Rate/Term | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-04-30): Sufficient Cure Provided At Closing |  | XXXX |  | 1 A | XXXX | XXXX | Primary | Refinance - Rate/Term | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | As per the guidelines, a fraud report is mandatory; however, the fraud report is currently missing |  |  |  | Reviewer Comment (XXXX-04-27): Fraud report is provided, Exception Cleared<br>Buyer Comment (XXXX-04-24): fraud rpt | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided |  | Form 1008 and the Approval are missing from the file. Both are required." |  |  |  | Reviewer Comment (XXXX-04-27): Form 1008 document is provided as alternate document. Exception Cleared<br>Buyer Comment (XXXX-04-24): 1008 | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided |  | As per the guidelines, 12 months of housing history is required; however, the housing history is not available in the file. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-04-27): Lender Exception with Compensating Factors provided.<br>Buyer Comment (XXXX-04-24): approved exception |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Provision) XXXX High-Cost Loan (Ability to Repay not Verified) | XXXX High-Cost Loan: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment. | Borrower not provided with evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment. |  |  |  | Reviewer Comment (XXXX-04-27): 1008 is provided as alternate document. Exception Cleared<br>Buyer Comment (XXXX-04-24): Please see uploaded full disclosure package, or further advise what needed Disclosure requirement is to satisfy this exception | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) XXXX High-Cost Loan (Aggregate Payment Disclosure Not Provided) | XXXX High-Cost Loan: Borrower not provided with Aggregate Monthly Payment Disclosure statement. | Borrower not provided with Aggregate Monthly Payment Disclosure statement. |  |  |  | Reviewer Comment (XXXX-05-13): High cost fee overage cured.<br>Reviewer Comment (XXXX-05-13): Elevated for internal compliance review.<br>Buyer Comment (XXXX-05-13): Please see uploaded LOE, PCCD, refund check and tracking, along with signed Borrower Option letter to cure high cost exceptions<br>Reviewer Comment (XXXX-05-12): Elevated to compliance.<br>Buyer Comment (XXXX-05-11): Lender rebuttal uploaded, with following comment: "Rebuttal on high cost loan - attached a copy of the law and it clearly states that the finance charge shall not include fees from third parties I.e. Attorney / settlement fees. The only time this would be included is if we receive a portion of the monies or if they are an affiliate. The following fees at the minimum need to be excluded- - Settlement fee XXXX.00 – Payable to XXXX- not an affiliate By excluding this fee, we are under the threshold."<br>Reviewer Comment (XXXX-05-08): The lender's rebuttal about only fees paid to the lender or affiliates should be included is not accurate. XXXX does not use the same points and fees definition as HOEPA. Specifically, finance charge fees (minus prepaid interest) are included in the XXXX points and fees calculation, even when paid to a third party. This includes the following title fees that are finance charges: XXXX courier, XXXX escrow processing, XXXX recording doc handling and XXXX settlement closing fee.<br>Buyer Comment (XXXX-05-08): Lender response<br>Buyer Comment (XXXX-05-08): Per lender: The 5% fee threshold is for points and fees paid to the lender and Affiliates. Based on the based on fee included in Diligence testing, all title fees paid to third party should be removed from the calculations. This would cancel High Cost findings. Please cancel if finding is invalid.<br>Reviewer Comment (XXXX-04-30): Aggregate Monthly Payment Disclosure is required as per exhibit reflecting in disclosure screen. Exception remains<br>Buyer Comment (XXXX-04-29): LE - Per Lender: "Aggregate was disclosed on LE sent XXXX" - If the attached does not clear, please provide further details on the required language of the disclosure in question.<br>Reviewer Comment (XXXX-04-27): Aggregate Monthly Payment Disclosure is not provided. Exception remains<br>Buyer Comment (XXXX-04-24): Please see uploaded disclosure package and further advise as to required documentation to satisfy exception | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) XXXX High-Cost Loan (Consumer Caution and Home Ownership Counseling Notice Not Provided) | XXXX High-Cost Loan: Borrower not provided with Consumer Caution and Home Ownership Counseling Notice. | Borrower not provided with Consumer Caution and Home Ownership Counseling Notice. |  |  |  | Reviewer Comment (XXXX-04-27)XXXXptured the Counseling Notice.<br>Buyer Comment (XXXX-04-27): Please re-review and provide further details on requirements if not in file. See un-bookmarked Trailing - Other docs - page 1005 for the Notice and the counselors list on XXXX<br>Reviewer Comment (XXXX-04-27): Consumer Caution and Home Ownership Counseling Notice is missing in file. Exception remains<br>Buyer Comment (XXXX-04-24): See uploaded XXXX list as well as pg 92 of the uploaded full disclosure package "Important Must Read" and pages 140 - 143 for standard HCL | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) XXXX High-Cost Loan (Counseling Disclosure Not Provided) | XXXX High-Cost Loan: Counseling Disclosure not provided to borrower. | Counseling Disclosure not provided to borrower. |  |  |  | Reviewer Comment (XXXX-04-28): Document provided<br>Buyer Comment (XXXX-04-27): Please re-review and provide further details on requirements if not in file. See un-bookmarked Trailing - Other docs - page 1005 for the Notice and the counselors list on XXXX<br>Reviewer Comment (XXXX-04-27): Counseling Disclosure not provided to borrower. Exception remains<br>Buyer Comment (XXXX-04-24): XXXX Counseling LIst | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) XXXX High-Cost Loan (High Cost Legend Not on Mortgage) | XXXX High-Cost Loan: Mortgage does not contain legend advising loan is high-cost. | Mortgage does not contain legend advising loan is high-cost |  |  |  | Reviewer Comment (XXXX-04-28): Mortgage provided statement.<br>Buyer Comment (XXXX-04-27): Page 897 (D0247) on page 1 states "THIS MORTGAGE IS A SUBPRIME HOME LOAN SUBJECT TO XXXX STATE BANKING LAW 6M" - if this is not what is needed - please provide further information<br>Reviewer Comment (XXXX-04-27): Mortgage does not contain legend advising loan is high-cost. Exception remains<br>Buyer Comment (XXXX-04-24): Please see uploaded Mortgage, top of page 1 | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) XXXX High-Cost Loan (Shop Around Notice Not on Loan Application) | XXXX High-Cost Loan: Mandatory "Shop Around" Notice not included on loan application to applicant. | "Shop Around" Notice not included on loan application to applicant |  |  |  | Reviewer Comment (XXXX-05-13): High cost fee overage cured.<br>Buyer Comment (XXXX-05-13): Please see uploaded LOE, PCCD, refund check and tracking, along with signed Borrower Option letter to cure high cost exceptions<br>Reviewer Comment (XXXX-05-12): Elevated to compliance.<br>Buyer Comment (XXXX-05-11): Lender rebuttal uploaded, with following comment: "Rebuttal on high cost loan - attached a copy of the law and it clearly states that the finance charge shall not include fees from third parties I.e. Attorney / settlement fees. The only time this would be included is if we receive a portion of thmonies or if they are an affiliate. The following fees at the minimum need to be excluded- - Settlement fee XXXX.– Payable to XXXX PLLC- not an affiliate By excluding this fee, we are under the threshold."<br>Reviewer Comment (XXXX-05-08): The lender's rebuttal about only fees paid to the lender or affiliates should be included is not accurate. XXXX does not use the same points and fees definition as HOEPA. Specifically, finance charge fees (minus prepaid interest) are included in the XXXX points and fees calculation, even when paid to a third party. This includes the following title fees that are finance charges: XXXX courier, XXXX escrow processing, XXXX recording doc handling and XXXX settlement closing fee.<br>Buyer Comment (XXXX-05-08): Per lender: The 5% fee threshold is for points and fees paid to the lender and Affiliates. Based on the based on fee included in Diligence testing, all title fees paid to third party should be removed from the calculations. This would cancel High Cost findings. Please cancel if finding is invalid.<br>Reviewer Comment (XXXX-04-30): "Shop Around" Notice Disclosure is required as per exhibit reflecting in disclosure screen. Exception remains<br>Buyer Comment (XXXX-04-29): Please provide further details on the guideline requiring the notice "on" the loan application. The only guideline found from XXXX state referencing the Shop Around notice pertains to the Applicants Need to Know pamphlet that was referenced in the XXXX comment below. Please re-review the bookmarked pamphlet on XXXX - which was provided to consumer at the time of application and has the notice to shop around - see list of disclosure in the unbookmarked Trailing Docs Other images, pg 1018 - last image in file - 2nd item from the borrower confirms date provided is XXXX. Please clear or provide additional information on requirement.<br>Reviewer Comment (XXXX-04-27): "Shop Around" Notice not included on loan application to applicant. Exception remains<br>Buyer Comment (XXXX-04-24): Please see page 183 to 185 of uploaded full disclosure package - "What Mortgage Applicants Need to Know" | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) XXXX High-Cost Loan (Disclosure of Taxes and Insurance Not Provided) | XXXX High-Cost Loan: Disclosure of Taxes and Insurance not provided to borrower. | Disclosure of Taxes and Insurance not provided to borrower. |  |  |  | Reviewer Comment (XXXX-04-28): Disclosure provided.<br>Buyer Comment (XXXX-04-27): Please provide further details on what language is required on the disclosure that is being referenced as "XXXX High Cost Tax and Insurance disclosure" - file contains 5 different disclosures related toXXXXTax, Insurance and Escrow<br>Reviewer Comment (XXXX-04-27): XXXX High-cost Tax and Insurance Disclosure is missing. Exception remains<br>Buyer Comment (XXXX-04-24): Please see uploadedXXXXEscrow Account Disclosure as well as pgs 57, 102, 104, 117 - 122 of the Full Disclosure package that was uploaded | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) XXXX Subprime Loan (Ability to Repay not Verified) | XXXX Subprime Loan: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully-indexed rate with fully-amortizing payment and taking into account payments on any simultaneously-closed loans. | File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully-indexed rate with fully-amortizing payment and taking into account payments on any simultaneously-closed loans. |  |  |  | Reviewer Comment (XXXX-04-27): 1008 is provided as alternate document. Exception Cleared<br>Buyer Comment (XXXX-04-24): Please see uploaded full disclosure package, or further advise what disclosure requirement is needed to satisfy this exception | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) XXXX Subprime Loan (Counseling Disclosure Not Provided) | XXXX Subprime Loan: Counseling Disclosure not provided to borrower. | Counseling Disclosure not provided to borrower. |  |  |  | Reviewer Comment (XXXX-04-28): Counseling disclosure provided<br>Buyer Comment (XXXX-04-27): Please re-review and provide further details on requirements if not in file. See un-bookmarked Trailing - Other docs - page 1005 for the Notice and the counselors list on D0418<br>Reviewer Comment (XXXX-04-27): XXXX Subprime Counseling Disclosure is missing. Exception remains<br>Buyer Comment (XXXX-04-24): See uploaded list as well as pg 92 of the uploaded full disclosure package "Important Must Read" | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) XXXX Subprime Loan (Subprime Legend Not on Mortgage) | XXXX Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law |  |  |  | Reviewer Comment (XXXX-04-28): Provided on the mtg.<br>Buyer Comment (XXXX-04-27): Page 897 (D0247) on page 1 states "THIS MORTGAGE IS A SUBPRIME HOME LOAN SUBJECT TO XXXX STATE BANKING LAW 6M" - if this is not what is needed - please provide further information<br>Reviewer Comment (XXXX-04-27): XXXX Subprime Disclosure is missing. Exception remains<br>Buyer Comment (XXXX-04-24): See attached Mortgage with required legend printed on page (Also included is full disclosure package) | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend) signed by consumers, and proof of re-recording. C B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) XXXX Subprime Loan (Notice of Taxes and Insurance Not Provided) | XXXX Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. |  |  |  | Reviewer Comment (XXXX-04-28): Disclosure provided<br>Buyer Comment (XXXX-04-27): Please see attached list of disclosures that have been uploaded and are in file attached - If the disclosure in question is not on the list, please provide further details and information on the content of the needed disclosure.<br>Buyer Comment (XXXX-04-27): Please provide further details on what language is required on the disclosure that is being referenced as XXXX Subprime Tax disclosure" - file contains 5 different disclosures related toXXXXTax, Insurance and Escrow<br>Reviewer Comment (XXXX-04-27): XXXX Subprime Tax Disclosure is missing. Exception remains<br>Buyer Comment (XXXX-04-24):XXXXEscrow Account disclosure<br>Buyer Comment (XXXX-04-24):XXXXTax Escrow Account to receive tax bills | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | XXXX Subprime Home Loan Threshold Fixed Non-Compliant | XXXX Subprime Loan: APR on subject loan of 10.46895% or Final Disclosure APR of 10.52000% is in excess of allowable threshold of Prime Mortgage Market Rate 6.38000 + 1.75%, or 8.13000%. Non-Compliant SubPrime Loan. | on subject loan of 10.46895% or Final Disclosure APR of 10.52000% is in excess of allowable threshold of Prime Mortgage Market Rate 6.38000 + 1.75%, or 8.13000%. Non-Compliant SubPrime Loan. |  |  |  | Reviewer Comment (XXXX-04-28): Disclosure provided<br>Buyer Comment (XXXX-04-24): Disclosures uploaded - please re-review for Compliant | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure. Cure provision underXXXXSubprime 6-m(7) appears to be limited to making a non-compliantXXXXSubprime loan into a compliantXXXXsubprime loan with no explicit cure language permitting loan to be refunded or cured by reducing the APR to effectively bring the loan out ofXXXXSubprime status. B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Flood | Flood Insurance Escrow - Flood not Escrowed for Property in Flood Zone | Loan originated post XXXX 2015, the subject property is in a flood zoneXXXXood insurance is not escrowed. | Property is in a flood zoneXXXXood insurance was not escrowed section G final CD |  |  |  | Reviewer Comment (XXXX-04-29): PCCD including flood insurance was provided.<br>Buyer Comment (XXXX-04-29): Please update<br>Reviewer Comment (XXXX-04-28): Under review.<br>Buyer Comment (XXXX-04-24): IEADS<br>Buyer Comment (XXXX-04-24): PCCD | XXXX |  |  | 1 B A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Provide evidence the escrow account was established for the flood insurance, LOE, Corrected IEAD, corrected PCCD (if applicable) B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Provision) XXXX High-Cost Loan (Financed Fees Exceeds Threshold) | XXXX High-Cost Loan: Lender financed points and fees in excess of 3% of the total loan amount. | XXXX High-Cost Loan: Lender financed points and fees in excess of 3% of the total loan amount. |  |  |  | Reviewer Comment (XXXX-05-13): High cost fee overage cured.<br>Buyer Comment (XXXX-05-13): Please see uploaded LOE, PCCD, refund check and tracking, along with signed Borrower Option letter to cure high cost exceptions<br>Reviewer Comment (XXXX-05-12): Elevated to compliance.<br>Buyer Comment (XXXX-05-08): Per lender: The 5% fee threshold is for points and fees paid to the lender and Affiliates. Based on the based on fee included in Diligence testing all title paid from third party should be removed from the calculations. This would cancel High Cost findings. Please cancel if finding is invalid.<br>Reviewer Comment (XXXX-05-04): Confirmed we have a validXXXXhigh cost finding. Reviewing the compliance report, the difference is the total loan amount used to determine maximum allowable fees. The total loan amount calculation forXXXXtakes the Original Principal Balance and deducts out any financed state fees. As this is a cash out refinance, with no fees POC, all of the state fees are considered financed. OPB XXXX - XXXX in financed state fees = XXXX. 5% of this total loan amount is XXXX, which is the amount of maximum allowable fees. TotalXXXXfees of XXXX exceeds this maximum amount by XXXX. The lender used OPB of XXXX, instead of OPB - state financed fees. This loan is still within theXXXXstandard cure window of 30 days from closing. This window will close after XXXX. Please note, this is one of the cures that requires the borrower to choose whether to accept a refund that will make the loan no longer high cost, or to keep as high cost and cure all of the prohibited practice and disclosure exceptions. <br>To cure theXXXXfee overage: Within 30 days of closing, provide:<br> (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant;<br> (2) Assuming option (a) is selected, a copy of XXXX refund check and proof of mailing (must be in transit with courier);<br> (3) Assuming option (b) is selected, proof of cure for each of the prohibited practice violations noted.<br> Cure deadline is XXXX.<br>Buyer Comment (XXXX-05-01)XXXXn you confirm this condition is valid and what would be required to cure? We were previously advised that if the 5% was cured with a refund of XXXX0.25 theXXXXhigh-cost conditions would be resolved but I do not see how that amount would cure this condition. Thank you.<br>Reviewer Comment (XXXX-04-28): XXXX is using the face amount of the Note XXXX as their total loan amount while XXXX is using XXXX. Under theXXXXhigh-cost law, "total loan amount" is defined as ". . .the principal of the loan minus those points and fees as defined in paragraph (f) of this subdivision that are included in the principal amount." So you would take the Note amount of XXXX and then subtract the points and fees being included in your calculation (XXXX in our case) to arrive at the total loan amount of XXXX. The max threshold inXXXXis 5% of the total loan amount, so max points and fees are XXXX \* .05 or XXXX.<br>Buyer Comment (XXXX-04-28): Please provide further details once internal review is complete on what is needed to clear.<br>Reviewer Comment (XXXX-04-28): Sent to CHD<br>Buyer Comment (XXXX-04-24): Lender response | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost) XXXX High-Cost Loan (Points and Fees) | XXXX Anti-Predatory Lending Statute: Points and Fees on subject loan of 5.12186% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees totaXXXX on a Total Loan Amount of XXXX vs. an allowable total of XXXX (an overage of XXXX or .12186%). Non-Compliant High Cost Loan. | XXXX Anti-Predatory Lending Statute: Points and Fees on subject loan of 5.12186% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees totaXXXX on a Total Loan Amount of XXXX vs. an allowable total of XXXX (an overage of XXXX or .12186%). Non-Compliant High Cost Loan. |  |  |  | Reviewer Comment (XXXX-05-13): XXXX received LOE to borrower, copy of refund check, borrower choice letter indicating choice to accept refund and make loan not high cost and proof of mailing.<br>Buyer Comment (XXXX-05-13): Borrower letter<br>Buyer Comment (XXXX-05-13): LOE, PCCD, refund check and shipping label<br>Reviewer Comment (XXXX-05-12): Elevated to compliance.<br>Buyer Comment (XXXX-05-12): Lender continues to rebut stating finance charge shall not include fees from third parties. Can compliance advise why these fees are included?<br>Buyer Comment (XXXX-05-08): Per lender: The 5% fee threshold is for points and fees paid to the lender and Affiliates. Based on the based on fee included in Diligence testing all title paid from third party should be removed from the calculations. This would cancel High Cost findings. Please cancel if finding is invalid.<br>Reviewer Comment (XXXX-05-06): Elevated to Compliance.<br>Buyer Comment (XXXX-05-04): Lender rebuttal<br>Reviewer Comment (XXXX-04-28): XXXX is using the face amount of the Note XXXX as their total loan amount while XXXX is using XXXX. Under theXXXXhigh-cost law, "total loan amount" is defined as ". . .the principal of the loan minus those points and fees as defined in paragraph (f) of this subdivision that are included in the principal amount." So you would take the Note amount of XXXX and then subtract the points and fees being included in your calculation (XXXX in our case) to arrive at the total loan amount of XXXX. The max threshold inXXXXis 5% of the total loan amount, so max points and fees are XXXX \* .05 or XXXX.<br>Buyer Comment (XXXX-04-28): Please provide further details once internal review is complete on what is needed to clear.<br>Reviewer Comment (XXXX-04-28): Sent to CHD<br>Buyer Comment (XXXX-04-24): Please see uploaded full disclosure package and re-review |  | XXXX |  | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Within 30 days of closing, provide: (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing (must be in transit with courier); (3) Assuming option (b) is selected, proof of cure for each of the prohibited practice violations noted.<br>(Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 60 days of discovery, provide: <br> (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) signed borrower choice letter to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (5) If option 4(a) is selected, copy of refund check and proof of mailing; (6) If option 4(b) is selected, proof of cure for each of the prohibited practice violations. Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | GSE | XXXX 2014 - 3% Points and Fees | XXXX 2014 3% Points and Fees Test. Points and Fees on subject loan of 4.94776% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees totaXXXX on a Federal Total Loan Amount of XXXX vs. an investor allowable total of XXXX (an overage of XXXX or 1.94776%). | EV2 Informational |  |  |  | Buyer Comment (XXXX-04-22): Acknowledged non-material EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. |  | The Verification of Rent (VOR)/ Verification of Mortgage (VOM) is required and was not found in file.<br>Duplicate. | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-04-27): Lender Exception with Compensating Factors provided.<br>Buyer Comment (XXXX-04-24): approved exception |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided |  | Unapproved Lender Exception Requested: 7 NSF fees in the last 12 months. LOE in file. No housing history for subject. Borrower inherited home. Paying off deceased parents mortgage in Lis Pendens (Borrower not obligated. Compensating Factors: Excellent score and credit history, tons of reserves from cash out. Please review for acceptance/ | Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-04-27): Lender Exception with Compensating Factors provided.<br>Buyer Comment (XXXX-04-23): signed exception approval<br>Buyer Comment (XXXX-04-23): exception approval |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | XXXX Subprime Home Loan Threshold Fixed Compliant | XXXX Subprime Loan: APR on subject loan of 10.46895% or Final Disclosure APR of 10.52000% is in excess of allowable threshold of Prime Mortgage Market Rate 6.38000 + 1.75%, or 8.13000%. Compliant SubPrime Loan. | New exception as a result of documentation provided. EV2. Compliant SubPrime Loan. |  |  |  | Buyer Comment (XXXX-05-08): Loan Compliant. acknowledged as non-material. |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure. Cure provision underXXXXSubprime 6-m(7) appears to be limited to making a non-compliantXXXXSubprime loan into a compliantXXXXsubprime loan with no explicit cure language permitting loan to be refunded or cured by reducing the APR to effectively bring the loan out ofXXXXSubprime status. B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) XXXX High-Cost Loan (Shop Around Notice Not on Loan Application) | Unable to determine if the Shop Around Notice was provided to the borrower due to missing information. |  |  |  |  | Reviewer Comment (XXXX-05-13): High cost fee overage cured. | XXXX |  |  | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120844 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | GSE | XXXX 2014 - 3% Points and Fees | XXXX 2014 3% Points and Fees Test. Points and Fees on subject loan of 3.42192% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees totaXXXX on a Federal Total Loan Amount of XXXX vs. an investor allowable total of XXXX (an overage of XXXX or .42192%). | EV2 informational |  |  |  | Buyer Comment (XXXX-04-23): Acknowledged non-material EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120844 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided |  | Unapproved Lender Exception Requested: Borrower is qualifying using XXXX XXXX, she is closing the transaction using this same title company, albeit a different attorney/notary will be used for signing. Compensating Factors: Ratios are low, Payment history is great, no cash-out refinance! Please review for acceptance | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. |  | XXXX | Reviewer Comment (XXXX-04-27): Lender Exception with Compensating Factors provided.<br>Buyer Comment (XXXX-04-23): Investor's exception |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120844 | XXXX | XXXX | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX 1084 or income worksheet | Missing 1084 for bank statement income |  |  |  | Reviewer Comment (XXXX-04-27): 1084 for bank statement income is provided. Exception Cleared<br>Buyer Comment (XXXX-04-24): Income Worksheet | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120844 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-04-27): 1084 for bank statement income is provided. Exception Cleared<br>Buyer Comment (XXXX-04-24): Income Worksheet | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120844 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-04-27): 1084 for bank statement income is provided. Exception Cleared<br>Buyer Comment (XXXX-04-24): Worksheet | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120677 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | GSE | XXXX Points and Fees | XXXX Points and Fees on subject loan of 6.81420% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and XXXX0.00 (XXXX). XXXX Finance Charge totaXXXX on a Original Loan Amount of XXXX vs. an allowable total of XXXX and XXXX0.00 (XXXX) (an overage of XXXX or 1.81420%). | EV2 informational. |  |  |  | Buyer Comment (XXXX-05-06): Acknowledged non material |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B A | Non QM | N/A | Yes |
| XXXX | XXXX | XXXX | 4350120677 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided |  | The PPP calculations on the Note Addendum(s) and PPP Rider(s) do not meet program requirements. Please add a condition for an attestation letter to have the incorrect prepay addendums destroyed with a corrected Security Instrument removing the extra rider (if applicable) with a letter of intent to re-record along with a corrected PCCD with the updated prepayment calculations if applicable. |  |  |  | Reviewer Comment (XXXX-05-08): Cleared<br>Buyer Comment (XXXX-05-08): PPP will be allowed to Seller's guidelines for bulk loan. Please clear the requested finding. | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Purchase | B A | Non QM | N/A | Yes |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Eligibility | Asset | Guideline Issue: Seller concessions exceeds the amount allowed per credit guidelines |  | 4.39% seller concessions > 3% maximum allowed per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | 11 vs 6 | XXXX | Reviewer Comment (XXXX-04-30): Reviewed and accepted<br>Reviewer Comment (XXXX-04-29): flipping to LS.<br>Buyer Comment (XXXX-04-29): Customer #XXXX. non-QM v13<br>Buyer Comment (XXXX-04-29): Loan is moving to LS, exception from LS.<br>Reviewer Comment (XXXX-04-27): Pending instructions to transfer to XXXX.<br>Buyer Comment (XXXX-04-23): Loan will be moving to XXXX<br>Buyer Comment (XXXX-04-23): investor exception approval<br>Reviewer Comment (XXXX-04-06): Re-calculated at 4.20% |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | "Other" housing history reflects lates that do not meet guidelines. |  | Previous Current Address XXXX.00-missing payment history |  |  |  | Reviewer Comment (XXXX-04-14): Bank statement is provided for previous address which suffice the 12 months housing history requirement. Exception Cleared<br>Buyer Comment (XXXX-04-13): Please re-review XXXX and XXXX. on XXXX there is a rental payment to XXXX for XXXX is a XXXX payment for XXXX<br>Reviewer Comment (XXXX-04-10): Provided bank statement reflects XXXX as deposit not as withdrawal, required payment history for Previous Current Address XXXX XXXX XXXX. Exception remains<br>Buyer Comment (XXXX-04-08): VOR could not be obtained email attached. Lease agreement showing 'XXXX' was the project. Bank statement transactions show rent being paid by the borrower for XXXX and XXXX XXXX to complete a full 12 month payment history. XXXX | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-04-14): Articles of organization is provided. Exception Cleared | XXXX |  |  | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to missing ownership percentage income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-04-14): Articles of organization is provided. Exception Cleared | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120847 | XXXX | XXXX | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Deposit Receipt not provided |  | Deposits receipts is missing in the file for Gift Funds of XXXX. |  |  |  | Reviewer Comment (XXXX-04-29): Removed the duplicate gift per lender guidance.<br>Buyer Comment (XXXX-04-29): Wired funds were from B1 XXXX XXXX account #XXXX. See (XXXX) and (XXXX).<br>Reviewer Comment (XXXX-04-28): If only one gift amount has been considered of XXXX then required updated PCCD reflecting only one gift amount of XXXX and XXXX should be removed. Exception remains<br>Buyer Comment (XXXX-04-24): Please review FINAL URLA - Only one gift of XXXX. <br> PER SELLER - Correct only 1 Gift used. the gift increased to XXXX - the old gift letter should have been obsoleted.<br>Reviewer Comment (XXXX-04-10): PCCD reflects XXXX and deposit receipt is provided for the same amount however as per gift letter, gift amount is XXXX and deposit receipt is missing for the same. If gift amount been changed then updated gift letter is required. Exception remains<br>Buyer Comment (XXXX-04-09): PER LENDER- Please reference the PCCD showing the funds used to close with the attached receipts with matching amounts. | XXXX |  |  | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120847 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | GSE | XXXX 2014 - 3% Points and Fees | XXXX 2014 3% Points and Fees Test. Points and Fees on subject loan of 4.98200% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees totaXXXX on a Federal Total Loan Amount of XXXX vs. an investor allowable total of XXXX (an overage of XXXX or 1.98200%). | EV2 Informational |  |  |  | Buyer Comment (XXXX-04-06): Acknowledged non material |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120847 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception provided but not reflecting approved. Exception for use of 12 months bank statements with declining income. Compensating Factors: Sufficient reserves, low debt to income ratio. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | 16 vs 6 | XXXX | Reviewer Comment (XXXX-04-30): Investor accepts and agrees to waive with compensating factors.<br>Reviewer Comment (XXXX-04-16): Waiting on request to move loan.<br>Buyer Comment (XXXX-04-14): Loan will be moving to XXXX<br>Buyer Comment (XXXX-04-14): investor exception approval |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120847 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Credit | Guideline Issue: Insufficient tradelines per credit guidelines |  | Lender Exception provided but not reflecting approved. Exception for use of telecom self reported trade lines to cover credit requirements. Compensating Factors: Sufficient reserves, low debt to income ratio. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | 16 vs 6 | XXXX | Reviewer Comment (XXXX-04-30): Investor accepts and agrees to waive with compensating factors.<br>Buyer Comment (XXXX-04-30): Customer number is XXXX, Non-QM 30 Yr Fixed v13.<br>Buyer Comment (XXXX-04-30): Please move the loan to LS.<br>Reviewer Comment (XXXX-04-16): Waiting on request to move loan.<br>Buyer Comment (XXXX-04-14): Loan will be moving to XXXX<br>Buyer Comment (XXXX-04-14): investor exception approval |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120840 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | GSE | XXXX 2014 - 3% Points and Fees | XXXX 2014 3% Points and Fees Test. Points and Fees on subject loan of 4.10963% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees totaXXXX on a Federal Total Loan Amount of XXXX vs. an investor allowable total of XXXX (an overage of XXXX or 1.10963%). | EV2 |  |  |  | Buyer Comment (XXXX-05-07): Acknowledged non-material EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350120840 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | Credit Report Error: Missing source document for credit/housing history. |  | Approved LENDER EXCEPTION provided. Requesting exception for 12-month primary residence history documentation. Borrower bought primary residence XXXX with hard money loan. We have 3-month mortgage payments documented for current mortgage on subject property. Previously, borrower rented from a relative, paying XXXX/month cash in rent for XXXX years. We have a VOR from the relative. Borrower is unable to provide canceled checks or bank statements to verify rent payments. Borrower has had a 4-month mortgage rating on an investment property that was sold XXXX. Compensating Factors: 1) Reducing current primary residence P&I over XXXX/month (from XXXX with 12% rate to XXXX/month & 7.375% rate) 2) Borrower has over XXXX/month residual 3) current self-employment business owned 9 years 4) LTV 5% below maximum LTV of 80% for rate and term refinance. Please confirm investor acceptability for downgrade consideration. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |  | XXXX | Reviewer Comment (XXXX-05-12): Lender Exception with Compensating Factors provided.<br>Buyer Comment (XXXX-05-08): Approved exception documents |  |  | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120839 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR-specific exceptions have been cured or cleared. |  |  |  | Reviewer Comment (XXXX-05-21): Cleared<br>Buyer Comment (XXXX-05-19): All other exceptions cleared. Please advise. | XXXX |  |  | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120839 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | Credit Report Error: Missing source document for credit/housing history. |  | Lender exception (not approved). Please consider an exception request based on living rent-free and not being able to verify rent payments. Compensating factors: Has multiple businesses with cash flow and plenty of reserves. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX0.00.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-05-19): Exception provided.<br>Buyer Comment (XXXX-05-19): Approved exception |  |  | XXXX | 2 C B | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350120857 | XXXX | XXXX | XXXX | XXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: XXXX; Lien Position: 1 | CDA value is $0.00 field review provided, and appraisal value considered as per field review. Please override. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-03-19): Exception provided.<br>Buyer Comment (XXXX-03-17): Investor Exception approval<br>Buyer Comment (XXXX-03-17): Investor's approval |  |  | XXXX | 2 A B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120857 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Rural property type is not permitted per Guidelines. |  | Property is rural, log construction, and over 10 acres, does not meet guidelines, further review required. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-03-19): Exception provided<br>Buyer Comment (XXXX-03-17): Investor's exception |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120857 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Short Term Rental Property and documentation was not provided covering the prior 12 month period, the property is considered unleased and is only eligible for the No DSCR program. Verify the data or set the exception. |  | Short term rental not allowed--Refinance: Not Allowed | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-03-19): Exception provided<br>Buyer Comment (XXXX-03-17): Investor's approval |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120857 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided |  | Subject transaction locked with 1-year prepaymentXXXXlculated at 1%. Loan delivered with no prepayment penalty documentation. Subject transaction will be re-priced with no prepayment penalty. Please confirm subject transaction has no prepayment penalty. |  |  |  | Reviewer Comment (XXXX-05-06): Received PPP rider with PPP percentage updated along with Letter of intent to re-record the mortgage & Rider. Exception cleared<br>Buyer Comment (XXXX-05-04): Letter of Intent<br>Buyer Comment (XXXX-05-04): PPP Rider<br>Reviewer Comment (XXXX-05-04): Received Note addendum does not reflect the term of PPP and also the percent of PPP. Provide corrected Note addendum - Prepayment with Term and percent of PPP. Exception remains.<br>Buyer Comment (XXXX-04-30): PPP rider<br>Reviewer Comment (XXXX-04-27): Rider Prepayment and Letter of intent to re-record is missing in file. Exception remains<br>Buyer Comment (XXXX-04-23): PPP Addendum<br>Reviewer Comment (XXXX-04-02): Noted. DSCR loan requires PCCD with updated PPP terms. Secondly PPP rider provided does not reflects the percentage borrower will pay as PPP. Letter of intent to re-record the mortgage for correction on security instrument (Mortgage) is required. Also Note Addendum for PPP is missing. Exception remains<br>Buyer Comment (XXXX-03-31): This is a DSCR loan - a PCCD is n/a. The mortgage and rider were uploaded, please confirm missing documentation to clear.<br>Reviewer Comment (XXXX-03-31): Noted. Rider - Prepayment & PCCD is provided with reflecting prepayment penalty as Yes. Exception remains<br>Buyer Comment (XXXX-03-26): Mortgage with PPP rider | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | Yes |
| XXXX | XXXX | XXXX | 4350120857 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Rider - Prepayment not provided |  | Rider - Prepayment is missing in file. |  |  |  | Reviewer Comment (XXXX-05-18): Received PPP rider with PPP percentage updated along with Letter of intent to re-record the mortgage & Rider. Exception cleared<br>Buyer Comment (XXXX-05-14): PPP addendum<br>Reviewer Comment (XXXX-05-06): Received PPP rider with PPP percentage updated along with Letter of intent to re-record the mortgage & Rider. Exception cleared<br>Buyer Comment (XXXX-05-04): Please see uploaded Rider and Letter of Inent<br>Reviewer Comment (XXXX-05-04): Received Prepayment - Rider does not reflects the percent of PPP. Provide Corrected Rider with Percent of PPP along long with letter of intent to re-record the rider. Exception remains.<br>Buyer Comment (XXXX-05-01): Rider uploaded was misclassified as an addendum.<br>Reviewer Comment (XXXX-04-02): Provided PPP rider does not reflects the percentage borrower will be paying in 12 months terms. Percent is blank in the bracket. Provide corrected PPP rider. Exception remains.<br>Buyer Comment (XXXX-03-31): Please see uploaded Rider | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XXXX XXXX XXXX LLC, a XXXX Limited Liability Company | Provide Fraud Report including entity XXXX XXXX XXXX LLC as a participant that is compared against industry watch and exclusionary lists. Fraud report provided for borrower XXXX A XXXX does not include entity XXXX XXXX XXXX LLC as a participant. |  |  |  | Reviewer Comment (XXXX-03-06): Received Fraud Report with Business entity listed under watchlist. Exception Cleared<br>Buyer Comment (XXXX-03-05): Fraud rpt with XXXX XXXX XXXX LLC listed as a participant on pg 9 | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | Absence of Business Purpose Certificate and/or Non-Owner Occupancy Declaration and/or UW Business Purpose Analysis and thus casts doubt on the business purpose of the loan. |  | BPC is incomplete. Section "the property is not and will not be occupied by me or any family member" is missing borrower's initial. Provide completed Business Purpose Certificate with initials, sign and Notary. |  |  |  | Reviewer Comment (XXXX-03-06): Received Complete Signed BPC. Exception Cleared<br>Buyer Comment (XXXX-03-05): business purpose | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | XXXX | XXXX | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided |  | Provided Note is signed individually by the borrower however Security instrument and Title commitment reflects vesting as LLC (XXXX XXXX XXXX LLC). Therefore provide updated Note with signing authority as LLC and borrower as a member of the LLC. |  |  |  | Reviewer Comment (XXXX-03-11): Received Corrected Note with borrower name as entity and signor as the member of the entity. Exception cleared.<br>Buyer Comment (XXXX-03-10): Note | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided |  | Provided Security Instrument is signed individually by the borrower however Vesting on Security instrument and Title commitment reflects LLC (XXXX XXXX XXXX LLC). Therefore provide updated Security Instrument along with PUD Rider / Business Loan Rider/ Assignment of Leases and Rents Rider with signing authority as LLC and borrower as a member of the LLC. |  |  |  | Reviewer Comment (XXXX-03-13): Received Letter of intent to re-record along with Security instrument and riders. Exception cleared.<br>Buyer Comment (XXXX-03-12): disregard previous comment. belongs to other exception<br>Buyer Comment (XXXX-03-12): per seller: Our Non-QM Guidelines. Page 63 of 78 If the property is in a declining market the LTV is capped at 75% for Investor Solutions DSCR purchase transactions. Our guidelines don't require us to reduce the LTV by 10% we just cap it at a certain percentage. In this case 75% which is what our LTV is.<br>Buyer Comment (XXXX-03-12): letter of intent<br>Reviewer Comment (XXXX-03-11): Received Security instrument and all riders updating the borrower name as entity and borrower as member of the entity on the signature page, However Letter of intent to re-record the mortgage and the rider for the changes implemented is missing. Exception remains.<br>Buyer Comment (XXXX-03-10): DEED | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 75.00000% exceeds Guideline loan to value percentage of 65.00000%. | Appraisal report shows declining trend, per guide, reduce maximum LTV by 10% for any property located in an area of declining property values as reported by appraiser. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | 64 vs 3 | XXXX | Reviewer Comment (XXXX-03-30): Investor accepts and agrees to waive with compensating factors.<br>Reviewer Comment (XXXX-03-27): Moving to XXXX confirmed<br>Buyer Comment (XXXX-03-27): updated - Loan will be moving to XXXX<br>Buyer Comment (XXXX-03-27): investor exception approval from XXXX<br>Reviewer Comment (XXXX-03-26): will move to XXXX<br>Buyer Comment (XXXX-03-24): Loan will be moving to XXXX<br>Reviewer Comment (XXXX-03-16): Per the documentation provided the guidelines are the XXXX DSCR v12 guideline that has 40 pages. Per section 12.3 - Reduce maximum LTV/CLTV by 10% for any property located in an area of declining property values as reported by appraiser.<br>Buyer Comment (XXXX-03-12): per seller: Our Non-QM Guidelines. Page 63 of 78 If the property is in a declining market the LTV is capped at 75% for Investor Solutions DSCR purchase transactions. Our guidelines don't require us to reduce the LTV by 10% we just cap it at a certain percentage. In this case 75% which is what our LTV is.<br>Reviewer Comment (XXXX-03-09): Please confirm which guidelines is this been referred where Investor solutions - DSCR caps at 75% for purchase and 70% for Refinance. As per the guide section 12.3 states "Reduce maximum LTV/CLTV by 10% for any property located in an area of declining property values as reported by appraiser". Exception remains.<br>Buyer Comment (XXXX-03-05): UW response pt 2<br>Buyer Comment (XXXX-03-05): UW response<br>Reviewer Comment (XXXX-03-03): As per guide section 12.3, Reduce maximum LTV/CLTV by 10% for any property located in an area of declining property values as reported by appraiser. Exception Remains<br>Buyer Comment (XXXX-02-27): PER LENDER - Per our guidelines for declining markets, the LTV cannot exceed 75% for DSCR purchases. We are at 75%. I don't see this being an issue risk wise even if we were capped at 65%. 1) The appraiser said market is only slightly declining, 2) Borrower down payment was 25%, 3) Borrower has XXXX in reserves after closing. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 716 is less than Guideline representative FICO score of 720. | Representative FICO score of 716 is less than Guideline representative FICO score of 720. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | 64 vs 3 | XXXX | Reviewer Comment (XXXX-03-30): Investor accepts and agrees to waive with compensating factors. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120577 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Unapproved Lender exception in file - Condo project does not meet XXXX master property insurance requirement. HOA master insurance only has liability coverage, do not have replacement cost coverage for building and XXXX/crime insurance coverage.<br> Exception to waive condo project review, and borrower purchase its own property insurance for the unit.<br> Compensating Factors: FICO: 728;<br> LTV: 57%.<br> DSCR Ratio: 1.18%.<br> Please confirm investor acceptability for downgrade consideration. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-04-22): Exception for the insurance has been provided.<br>Buyer Comment (XXXX-04-20): The approved exception is for the insurance, but does not address warrantability<br>Buyer Comment (XXXX-04-20): Exception approval for insurance, however there is no evidence of project warrantability |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120577 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. |  | Seller to advise the reason(s) for non-warrantability. |  |  |  | Reviewer Comment (XXXX-04-24): HOA condo-PUD document is provided, Exception Cleared<br>Buyer Comment (XXXX-04-23): Condo review with attestation stating meets XXXX with exception of insurance | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120578 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Unapproved Lender Exception Requested: Condo project does not meet XXXX master property insurance requirement. HOA master insurance only has liability coverage, do not have replacement cost coverage for building and XXXX/crime insurance coverage. Exception to waive condo project review, and borrower purchase it's own property insurance for the unit. Compensating Factors: FICO: 728; LTV: 57%; DSCR Ratio: 1.32%. Please review for acceptance | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-04-22): Exception for insurance provided.<br>Buyer Comment (XXXX-04-20): Approved exception for insurance |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120578 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. |  | Seller to advise the reason(s) for non-warrantability. |  |  |  | Reviewer Comment (XXXX-04-24): Condominium Project review is provided. Exception Cleared<br>Buyer Comment (XXXX-04-23): Condo review with attestation at bottom stating meets XXXX with exception of insurance | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120576 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Unapproved Lender Exception Requested: Condo project does not meet XXXX master property insurance requirement, HOA master insurance only has liability coverage, do not have replacement cost coverage for building and XXXX/crime insurance coverage. Exception to waive the condo project review, and the borrower purchase it's own property insurance for each unit. Compensating Factors: FICO: 728; LTV: 57%; DSCR Ratio: 1.32%. Please review for acceptance. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-04-22): Exception for the insurance provided.<br>Buyer Comment (XXXX-04-20): Exception approval for insurance coverage only. Still need warrantability |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120576 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. |  | Seller to advise the reason(s) for non-warrantability. |  |  |  | Reviewer Comment (XXXX-04-24): Received lender certification for Warrantable condo. Exception cleared.<br>Buyer Comment (XXXX-04-23): condo review with attestation project meets XXXX with exception of insurance coverage. | XXXX |  |  | 1 A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) | Verification appraisal was delivered to borrower within 3 days of closing was not provided. |  |  |  | Buyer Comment (XXXX-04-22): Lender acknowledged non material EV2<br>Buyer Comment (XXXX-04-22): Unable to obtain documentation - Per Lender: "Credit was extended solely to a business entity; no natural person applicant exists; therefore ECOA Valuations Rule does not apply. The ECOA Valuations Rule under Regulation B applies only to applications by natural persons for consumer-purpose, dwelling-secured credit. This loan was originated to a business entity for business/investment purposes. No natural person applied for credit, and no consumer-purpose determination was made. Accordingly, the Valuations Rule timing requirements are not applicable." |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | The file was missing evidence the Right to Receive Appraisal Disclosure provided to borrower within 3 days of initial application. |  |  |  | Buyer Comment (XXXX-04-22): Lender acknowledged non material EV2<br>Buyer Comment (XXXX-04-22): Unable to obtain documentation - Per Lender: "Credit was extended solely to a business entity; no natural person applicant exists; therefore ECOA Valuations Rule does not apply. The ECOA Valuations Rule under Regulation B applies only to applications by natural persons for consumer-purpose, dwelling-secured credit. This loan was originated to a business entity for business/investment purposes. No natural person applied for credit, and no consumer-purpose determination was made. Accordingly, the Valuations Rule timing requirements are not applicable." |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Late Charge | XXXX XXXX First Lien Late Charge Grace Period Testing | XXXX XXXX Late Charge: Note grace period of 10 days is less than the state minimum of 15 days. | XXXX XXXX Late Charge: Note grace period of 10 days is less than the state minimum of 15 days |  |  |  | Buyer Comment (XXXX-04-17): Acknowledged non-material EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Late Charge | XXXX XXXX First Lien Late Charge Percent Testing | XXXX XXXX Late Charge: Note late charge percent of 10.00000% exceeds the state maximum of 4%. | XXXX XXXX Late Charge: Note late charge percent of 10.00000% exceeds the state maximum of 4%. |  |  |  | Buyer Comment (XXXX-04-17): Acknowledged non-material EV2 |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided |  | Unapproved Lender Exception Requested: to use commercial property with rental income to qualify track record. Compensating Factors: Strong FICO and DSCR. This is also allowed per XXXX guidelines. Please review for acceptance | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX. |  | XXXX | Reviewer Comment (XXXX-04-22): Exception provided.<br>Buyer Comment (XXXX-04-20): Approved exception |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | Valuation Type: Desk Review / Valuation Report Date: XXXX | As per CDA XXXX name "XXXX St", does not match title "XXXX XXXX" |  |  |  | Reviewer Comment (XXXX-05-11): The lender accepts the property description.<br>Buyer Comment (XXXX-05-08): County record of legal address<br>Buyer Comment (XXXX-05-08): Email from title company stating they insure the legal description instead of XXXX address. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | Valuation Type: Appraisal / Valuation Report Date: XXXX | As per AppraisaXXXX name "XXXX St", does not match title "XXXX XXXX" |  |  |  | Reviewer Comment (XXXX-05-11): The lender accepts the property description.<br>Buyer Comment (XXXX-05-08): email from title company stating they insure the legal description, not the XXXX address | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. |  | Flood cert XXXX name "XXXX St", does not match title "XXXX XXXX" |  |  |  | Reviewer Comment (XXXX-05-07): Updated flood certs provided.<br>Buyer Comment (XXXX-05-06): Flood certs for units A and B | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. |  | Insurance XXXX name "XXXX St", does not match title "XXXX XXXX" |  |  |  | Reviewer Comment (XXXX-05-11): The lender accepts the property description.<br>Buyer Comment (XXXX-05-08): Email from title company stating they insure the legal description not the XXXX address | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | Borrower: XXXX | Spousal Consent form is missing and is required by statute. |  |  |  | Reviewer Comment (XXXX-05-11): Received Credit application stating borrower as unmarried. Exception cleared.<br>Buyer Comment (XXXX-05-07): Corrected application stating not married | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) | Verification appraisal was delivered to borrower within 3 days of closing was not provided. Waiver not provided. |  |  |  | Buyer Comment (XXXX-04-22): Lender acknowledged non material EV2<br>Buyer Comment (XXXX-04-22): Unable to obtain documentation - Per Lender: "The ECOA Valuations Rule under Regulation B applies only to applications by natural persons for consumer-purpose, dwelling-secured credit. This loan was originated to a business entity for business/investment purposes. No natural person applied for credit, and no consumer-purpose determination was made. Accordingly, the Valuations Rule timing requirements are not applicable." |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. |  |  |  |  | Buyer Comment (XXXX-04-22): Lender acknowledged non material EV2<br>Buyer Comment (XXXX-04-22): Per Lender: "The ECOA Valuations Rule under Regulation B applies only to applications by natural persons for consumer-purpose, dwelling-secured credit. This loan was originated to a business entity for business/investment purposes. No natural person applied for credit, and no consumer-purpose determination was made. Accordingly, the Valuations Rule timing requirements are not applicable." |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Documentation | Guideline | The Earnest Money Deposit is unsourced. Please provide source documentation for the Earnest Money Deposit. | Financial Institution: Earnest Money Deposit // Account Type: Earnest Money Deposit - Unsourced / Account Number: XXXX | Supporting document like Official Check or Deposit receipts is required for the EMD XXXX |  |  |  | Reviewer Comment (XXXX-05-07): Deposit receipt provided<br>Buyer Comment (XXXX-05-06): Copy of cashiers check and receipt for EMD<br>Reviewer Comment (XXXX-04-30): Noted. Business Bank statement provided reflects customer withdrawal on XXXX and a deposit of XXXX on XXXX covering earnest money. However Customer withdrawal does not confirm if this withdrawal was for the EMD. Either provide sufficient evidence that the funds were transferred to title in the form of a cancelled check or Wire confirmation Or Receipt from Title company confirm the receipt if EMD funds. Exception remains.<br>Buyer Comment (XXXX-04-28): Lender's rebuttal: Per our program guidelines, asset verification requirements are limited to sufficient documentation of funds for down payment, closing costs, and required reserves. The published guide does not specifically require separate sourcing or seasoning of earnest money deposit funds as an independent eligibility condition. In this file, verified borrower liquidity supports all required funds-to-close and reserve requirements. Please use our guidelines in reviewing these files, separate EMD sourcing is not part of our requirements.<br>This is not a directive of XXXX. Please review.<br>Reviewer Comment (XXXX-04-23): Bank statement reflects withdrawal of XXXX as customer withdrawal, required Official Check or Deposit receipts for the EMD XXXX, Exception remains<br>Buyer Comment (XXXX-04-22): Seller response- The XXXX earnest money deposit was funded from the borrowing entity's own bank account. The deposit reflects internal funds activity within the borrower's account and was subsequently applied the same day toward the required EMD for the subject transaction. No third-party funds were involved, and the funds are fully sourced within the borrowing entity. Additionally our guides do not require such sourcing, please cite where in the guides this finding is coming from | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided |  | Unapproved Lender Exception Requested: The property is carries a deed restriction originating from the original plat in XXXX which designated the lot as residential-only. In XXXX, a petition was recorded to remove the residential-only restriction ad expand permitted use to business, non-profit, and religious use. The property was previously used a XXXX park before being developed into a duplex. The property is located in XXXX, so there's no risk of zoning non-conformity. The property is legally permissible by zoning deed restrictions per the appraisal. Compensating factors: The property is located in XXXX which operates without traditional zoning designations meaning there is no risk of zoning non-conformity. There is no HOA present that could pursue potential enforcement action against the current use. The appraisal states "All of the sale considered are located in deed restricted neighborhoods. Given the market activity in the subject's neighborhood, the deed restrictions do not have an adverse effect on marketability." Please review for acceptance | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-04-21): Exception provided.<br>Buyer Comment (XXXX-04-20): Exception approval |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120846 | XXXX | XXXX | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | Valuation Type: Desk Review / Valuation Report Date: XXXX | Address mismatch, As per title document XXXX name "XXXX", as per CDA XXXX name XXXX", Lender to ensure all required documents match property address reflected on title report. |  |  |  | Reviewer Comment (XXXX-04-28): Updated CDA is provided with correct XXXX address. Exception Cleared<br>Buyer Comment (XXXX-04-27): CDA | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120846 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Project approval in file however it is not approved by Lender and XXXX. As per Guide: Non-Warrantable Condominiums Ineligible Property Types. |  |  |  | Reviewer Comment (XXXX-04-21): Lender certification for condo project approval received dated XXXX. Exception cleared.<br>Buyer Comment (XXXX-04-20): Condo Approval | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120846 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. |  | Address mismatch, As per title document XXXX name "XXXX Ln Unit XXXX", as per Insurance XXXX name "XXXX Ln #XXXX", Lender to ensure all required documents match property address reflected on title report. |  |  |  | Reviewer Comment (XXXX-04-24): Revised policy with updated address received. Exception Cleared.<br>Buyer Comment (XXXX-04-23): HOI | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120850 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | Operating Agreement provided is not signed by the borrower and page 6 is incomplete. |  |  |  | Reviewer Comment (XXXX-05-01): Received Operating agreement confirming borrower's ownership is signed by the member of the LLC. Exception cleared.<br>Buyer Comment (XXXX-04-29): Signed Operating Agreement | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120850 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Rural property type is not permitted per Guidelines. |  | LENDER EXCEPTION provided but not marked Approved. The zoning on the subject property is "Business Use District". The subject property is rural, only used for residential and is a short term rental. The zoning may put it more in a commercial category instead of residential so would like an exception to proceed. Please note the DSCR has been calculated taking 12 months average of the XXXX earnings from XXXX & XXXX divided by PITI. Compensating Factors: Good Credit, over 12 months of asset reserves. Review for acceptance and acceptability. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | 1003 vs 3 | XXXX | Reviewer Comment (XXXX-04-24): Investor accepts and agrees to waive with compensating factors.<br>Buyer Comment (XXXX-04-24): Exception approval |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120845 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state |  | Note late charge percentage exceeds maximum per state. |  |  |  | Buyer Comment (XXXX-05-05): Acknowledged as non-material. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120845 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided |  | Lender Exception: Exception is for property type -- 2 family with ADU. THIS IS AN UPDATED REQUEST AS FICO WENT FROM 706 TO 694, DSCR WENT FROM 2.67 TO 2.26, RESERVES WENT FROM 40 MONTHS TO 35 MONTHS. LOAN AMOUNT WENT FROM 110K TO 140K AND LTV FROM 9.4 TO 10.69. Compensating Factors: ADU is permitted. LTV is 10.69. 35 months reserves. Borrower is a very experienced investor. DSCR is 2.26. Lender to confirm acceptance. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |  | XXXX | Reviewer Comment (XXXX-05-04): Lender Exception with Compensating Factors provided.<br>Buyer Comment (XXXX-04-30): Investor Exception Approval |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120843 | XXXX | XXXX | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Project approval is missing, confirming project warrantability. |  |  |  | Reviewer Comment (XXXX-05-06): Condo Project warrantability certification received. Exception cleared.<br>Buyer Comment (XXXX-05-05): Condo Warrantability | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120843 | XXXX | XXXX | XXXX | XXXX | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. |  | Rent loss insurance covering a minimum of 6 months is required for the subject property. |  |  |  | Reviewer Comment (XXXX-05-13): Received the Rent Loss policy.<br>Buyer Comment (XXXX-05-11): Lender's response: This policy does cover rent loss. Its covered under the Dp-3 endorsement. This endorsement is listed on the current policy. XXXX DP-3 (Dwelling Property 3 - Special Form) policy, typically used for landlord or rental property insurance, provides comprehensive coverage for rental properties. [1, 2, 3, 4] Here are the key details regarding Rent Loss Coverage (often referred to as "Fair Rental Value" or "Loss of Rent") under a XXXX DP-3 policy: Definition: Rent loss coverage covers the lost rental income you experience if your property becomes uninhabitable due to a covered loss (such as a fire, windstorm, or water damage) while it is being repaired. Coverage Type: It is designed to replace the rent you would have collected from tenants, ensuring your income stream is protected during the period of repair. Activation: This coverage usually applies when a tenant has to move out because of damage to the structure, making the property unlivable. Policy Structure: While DP-3 is a bXXXX "open peril" policy, rent loss is typically included, though it is usually subject to a limit shown on your policy's Declarations Page. Not a Default Policy-Wide Limit: It is important to note that this is usually a separate coverage limit, not an addition to the main dwelling coverage limit. [1, 2, 3, 4, 5]<br>Please note: Not a directive from XXXX. Please review. | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120843 | XXXX | XXXX | XXXX | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of XXXX is less than Cash From Borrower XXXX. | Stocks used and 70% and excluded from closing funds. |  |  |  | Reviewer Comment (XXXX-05-11): Used 70% haircut and included for closing per client direction.<br>Buyer Comment (XXXX-05-11): Ok to follow agency as guides state when silent follow agency " guidelines allow the use of stocks, bonds, and mutual funds for down payments, closing costs, and reserves. When using these assets, if the verified value is at least 20% more than the funds needed for closing, evidence of liquidation is not required" | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120843 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | District of XXXX Prepayment Penalty | District of XXXX Prepayment Penalty: Maximum calculated prepay of XXXX exceeds the state maximum of 2 months interest calculated on 2/3 of the original balance (XXXX). Prepay language states prepay will not exceed maximum permitted by applicable law. |  |  |  |  | Buyer Comment (XXXX-05-04): Acknowledged non material |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120843 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided |  | Unapproved Lender Exception Requested: The condo documents state that renters must be approved by the board. The loan is currently locked with investor "1". Compensating Factors: Reserves are higher than the minimum of 3 months, not including the cash out from this transaction. Credit score 746 (minimum 700). Please review for acceptance. | Borrower has owned the subject property for at least 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-05-06): Exception provided.<br>Buyer Comment (XXXX-05-04): XXXX approved exception<br>Buyer Comment (XXXX-05-04): Investor's approval |  |  | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120841 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | DSCR does not meet guideline requirements. |  | Approved exception. The current seller and borrower used to be owners of the same LLC (XXXX XXXXs LLC). Our borrower bought out his partner XXXX for sole ownership of the LLC. As part of the buyout agreement, the subject property went to his partner. The partner then created his own LLC and is now selling the subject property back to our borrower's LLC. Also, do we need an updated EIN since it originally shows it under the previous partner? The IRS does not require them to change it, but since this is vesting under the borrower's LLC, please verify this is acceptable. Compensating Factors: DSCR is 1.28. FICO is 781. No late housing history. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-05-05): Investor exception provided. |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120841 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XXXXs XXXXs, LLC | Fraud report not in file for entity, nor was the entity referenced on the loan participant list. |  |  |  | Reviewer Comment (XXXX-05-15): Received the Fraud Report, no further findings resulted.<br>Buyer Comment (XXXX-05-13): XXXX Fraud report | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120841 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided |  | Guarantor Agreement required for the subject property. |  |  |  | Reviewer Comment (XXXX-05-12): Received Guarantor Agreement. Exception cleared<br>Buyer Comment (XXXX-05-08): Guarantor Agreement | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided |  | Security instrument must be a true and certified stamped copy of the original recorded security instrument. |  |  |  | Reviewer Comment (XXXX-03-03): Cleared based on client directive.<br>Reviewer Comment (XXXX-02-26): Provided SI is only recorded however as per guide, Security instrument must be a true and certified stamped copy of the original recorded security instrument. Exception remains<br>Buyer Comment (XXXX-02-26): mortgage | XXXX |  |  | 1 D A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file |  | The fraud report provided is for the borrower "individually". Guides require a fraud report for the entity XXXX XXXX, LLC, a XXXX Limited Liability Company. |  |  |  | Reviewer Comment (XXXX-03-18): Received Fraud report with updated subject address for entity "XXXX XXXX, LLC". Exception cleared<br>Buyer Comment (XXXX-03-17): fraud rpt<br>Reviewer Comment (XXXX-03-12): Fraud report provided must reflect the subject address for which the transaction is associated with. Therefore provide updated fraud report for entity XXXX XXXX, LLC, a XXXX Limited Liability Company. with address updated as "XXXX st". Exception remains.<br>Buyer Comment (XXXX-03-11): per lender: There are XXXX files that we are using the same report on and they have cleared. here are a few #XXXX. The underwriter is questioning why this one can't be cleared also.<br>Reviewer Comment (XXXX-02-26): Received Fraud Report for business entity as Borrower 3, however subject address was mentioned XXXX St whereas subject address is XXXX st. Additionally High Alert on Fraud report not addressed by Lender. Exception Remains<br>Buyer Comment (XXXX-02-26): Fraud rpt, entity listed as borrower 3 on page 5 | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | XXXX | XXXX | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Payoff Statement(s) not provided |  | Mortgage payoff statement is missing in file for Blanket mortgage of property XXXX St. |  |  |  | Reviewer Comment (XXXX-02-26): Received Payoff Statement for Blanket Mortgage. Exception Cleared<br>Buyer Comment (XXXX-02-26): Payoff docs | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | "Other" housing history reflects lates that do not meet guidelines. |  | On subject property there is a blanket mortgage therefore as per guide, if a borrower is refinancing a privately held mortgage the following payment verification requirements apply: <br> o The privately held mortgage payments must be verified with either cancelled checks or bank statements. |  |  |  | Reviewer Comment (XXXX-03-12): Received mortgage statement of Blanket mortgage along with 12 months banks statement. exception Cleared<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment<br>Buyer Comment (XXXX-03-10)XXXX Mortgage Statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and XXXX mtg statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and XXXX mtg statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and XXXX mtg statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and XXXX mtg statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and XXXX mtg statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and XXXX mtg statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and XXXX mtg statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and CNB mtg statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and CNB mtg statement<br>Buyer Comment (XXXX-03-10): XXXX XXXX bank statements showing Yellow highlighted monthly payment and CNB mtg statement<br>Reviewer Comment (XXXX-03-02): Received Bank statement from XXXX XXXX - XXXX XXXX, XXXX and XXXX XXXX. Missing XXXX XXXX bank statement. Secondly unable to determine the mortgage payment debited to blanket mortgage. Provide statements highlighting the payment from XXXX XXXX - XXXX XXXX. Exception remains.<br>Buyer Comment (XXXX-02-26): Bank statements | XXXX |  |  | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350120848 | XXXX | XXXX | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding ADUs. |  | ADU requirement not met as per guide - ADU should be substantially smaller than the main dwelling. As per sketch addendum the main house has living area of XXXX. However, ADU has 2 floor's each having living area of XXXX Respectively. Hence ADU totals living area as XXXX SqFt. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | 12 vs 3 | XXXX | Reviewer Comment (XXXX-05-13): Investor accepts and agrees to waive with compensating factors.<br>Reviewer Comment (XXXX-05-11): The loan is being transferred to XXXX.<br>Buyer Comment (XXXX-05-07): Loan will be moving to XXXX<br>Buyer Comment (XXXX-05-07): investor exception approval |  |  | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |

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## Exhibit 99.4

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.4**

![](ex99_001.gif)

**Rating Agency Grades**

**Run Date - 6/8/2026 2:30:07 PM**

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| | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Deal ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **DBRS** | **Fitch** | **Kroll** | **Moody's** | **S&P** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **DBRS** | **Fitch** | **Kroll** | **Moody's** | **S&P** | **Morningstar** | **Morningstar** | **Morningstar** |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | XXXX C D |  | A | A | A | A | A | A | C D | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120770 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | XXXX C D |  | A | A | A | A | A | A | C D | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120553 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | C | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120688 | XXXX | XXXX | XXXX B |  | B | B | B | B | B | A | B | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120614 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120600 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120551 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120603 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | C | C | A |  | A | A | A | A | A | A B | A B |  |
| XXXX | XXXX | XXXX | 4350120546 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120627 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | XXXX C D |  | A | A | A | A | A | A B | C D | B |  | A | A | A | A | A | A B | B |  |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | C | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120606 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120663 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | XXXX B |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120590 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120753 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120705 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120609 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120602 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120722 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120865 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120601 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120665 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120542 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120629 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120638 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120759 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120689 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120574 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120589 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120572 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120634 | XXXX | XXXX | XXXX D |  | N/A | N/A | N/A | N/A | N/A | A | D | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120568 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | C | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120607 | XXXX | XXXX | XXXX C D |  | N/A | N/A | N/A | N/A | N/A | A | C D | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | XXXX A |  | B | B | B | B | B | A | B | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120712 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120595 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120737 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120649 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120613 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120744 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120810 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120628 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120604 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120599 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120693 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120573 | XXXX | XXXX | XXXX A |  | B | B | B | B | B | A | B | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120598 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120691 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120647 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120692 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120635 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A B | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120612 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120735 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120588 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120641 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120565 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120809 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120618 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120710 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120799 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120632 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | XXXX B |  | C | C | C | C | C | B | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120879 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120711 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120651 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120743 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120706 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120658 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A B | A B | A |  | A | A | A | A | A | A B | A B |  |
| XXXX | XXXX | XXXX | 4350120585 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120723 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120893 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120581 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120783 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120763 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120671 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120617 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120696 | XXXX | XXXX | XXXX B |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120736 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | D | D | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120636 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120731 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120593 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | D | D | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120645 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120648 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120769 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120920 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120776 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120803 | XXXX | XXXX | XXXX A |  | B | B | B | B | B | A | B | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120687 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120801 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120812 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120652 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120584 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120580 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120608 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120587 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120605 | XXXX | XXXX | XXXX D |  | N/A | N/A | N/A | N/A | N/A | A | D | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120815 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120740 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120742 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120660 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120708 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120700 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120724 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120915 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120721 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120887 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120733 | XXXX | XXXX | XXXX A |  | B | B | B | B | B | A | B | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | XXXX A |  | B | B | B | B | B | A | B | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120732 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120808 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120583 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120582 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120792 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120772 | XXXX | XXXX | XXXX B |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120762 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120760 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120795 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120625 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120791 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120729 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120811 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120622 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120611 | XXXX | XXXX | XXXX B |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120793 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120817 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120726 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120702 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120718 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120727 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120746 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120586 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120779 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120768 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120789 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120704 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120886 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120775 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120767 | XXXX | XXXX | XXXX A |  | B | B | B | B | B | A | B | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120720 | XXXX | XXXX | XXXX B |  | B | B | B | B | B | A | B | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120728 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120891 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120750 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | XXXX B |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | XXXX D |  | N/A | N/A | N/A | N/A | N/A | A | D | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120888 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120805 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120790 | XXXX | XXXX | XXXX A |  | C | C | C | C | C | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120659 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120822 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120701 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120734 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120919 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | XXXX D |  | N/A | N/A | N/A | N/A | N/A | A | D | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120794 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120917 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120786 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120761 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | D | D | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | XXXX B |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120813 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120814 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120892 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120719 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120785 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120921 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120683 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120698 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120738 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120797 | XXXX | XXXX | XXXX B |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120715 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120781 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120910 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120678 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120907 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120778 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120802 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120798 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120830 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120913 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120829 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120828 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120827 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120889 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120749 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120826 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120825 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120824 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | A | C | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | XXXX B |  | N/A | N/A | N/A | N/A | N/A | A | B | B |  | N/A | N/A | N/A | N/A | N/A | A | B |  |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | XXXX C |  | N/A | N/A | N/A | N/A | N/A | D | D | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120823 | XXXX | XXXX | XXXX A |  | N/A | N/A | N/A | N/A | N/A | A | A | A |  | N/A | N/A | N/A | N/A | N/A | A | A |  |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120675 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120842 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120575 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120674 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | C | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | C | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120844 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120838 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120676 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120677 | XXXX | XXXX | XXXX A |  | B | B | B | B | B | A | B | A |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120847 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120840 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120836 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120839 | XXXX | XXXX | XXXX C |  | C | C | C | C | C | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120835 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120837 | XXXX | XXXX | XXXX A |  | A | A | A | A | A | A | A | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120857 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A B | C | B |  | A | A | A | A | A | A B | B |  |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | XXXX D |  | D | D | D | D | D | A | D | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120577 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120578 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120576 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | XXXX D |  | B | B | B | B | B | A | D | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120846 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120850 | XXXX | XXXX | XXXX C |  | A | A | A | A | A | A | C | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120845 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120843 | XXXX | XXXX | XXXX C |  | B | B | B | B | B | A | C | B |  | B | B | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350120841 | XXXX | XXXX | XXXX D |  | A | A | A | A | A | A | D | B |  | A | A | A | A | A | A | B |  |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | XXXX D |  | A | A | A | A | A | A | D | A |  | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350120848 | XXXX | XXXX | XXXX B |  | A | A | A | A | A | A | B | B |  | A | A | A | A | A | A | B |  |

---

## Exhibit 99.5

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.5**

![](ex99_001.gif)

**Data Compare (Non-Ignored)**

**Run Date - 6/8/2026 2:29:29 PM** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Deal ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | Balloon Flag | 0 | 1 | Verified | Field Value reflects Note |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120614 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120600 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Borrowing business entity. |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120753 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120810 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120598 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Business entity |
| XXXX | XXXX | XXXX | 4350120588 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120585 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120893 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120812 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120584 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120580 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120587 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120815 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120740 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120700 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120732 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120808 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120583 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120582 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120817 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120702 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Borrower is Business Entity. |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Out of scope |
| XXXX | XXXX | XXXX | 4350120789 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120704 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120886 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120750 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120805 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120698 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120715 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120781 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120798 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120749 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | Borrower FTHB | 0 |  | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | Borrower FTHB | 0 |  | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | Borrower FTHB | 0 |  | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120553 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120614 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Borrowing business entity. |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120753 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120568 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120810 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120693 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120598 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120632 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120658 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120585 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120581 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120812 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120652 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120584 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120580 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120815 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120740 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120660 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120700 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120732 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120808 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120583 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120582 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120817 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120702 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Borrower is Business Entity. |
| XXXX | XXXX | XXXX | 4350120718 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120727 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120789 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120704 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120886 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120728 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120750 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120805 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120814 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120698 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120738 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120715 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120781 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120798 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120749 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120614 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120546 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120753 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120665 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120574 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120744 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120810 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120693 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120598 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120588 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120585 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120648 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120812 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120584 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120580 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120587 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120815 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120740 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120742 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120700 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120732 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120808 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120583 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120582 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120817 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120702 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120789 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120704 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120886 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120750 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120805 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120698 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120715 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120781 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120798 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120749 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120565 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120801 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120826 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120849 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | Decision System |  |  | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | Doc Type | 1yr P&L w/o Bank Statements | 12mo Bank Statement | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | Doc Type | WVOE | 2yr Full Doc | Verified | Field Value reflects doc Type reflected on the Approval/AUS |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | Doc Type | Full | 1yr Full Doc | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | Doc Type | Asset Depletion | Asset Depletion (No DTI) | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | Doc Type | 24mo Bank Statement | 12mo Bank Statement | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | Doc Type | Full | 1yr Full Doc | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350120612 | XXXX | XXXX | Doc Type | Full | 1yr Full Doc | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350120879 | XXXX | XXXX | Doc Type | 12mo Bank Statement | 24mo Bank Statement | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Doc Type | Full | 2yr Full Doc | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | Doc Type | 24mo Bank Statement | 12mo Bank Statement | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350120830 | XXXX | XXXX | Doc Type | 12mo Bank Statement | 1yr P&L w/o Bank Statements | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120770 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120553 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120688 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120614 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120600 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120551 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120603 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120546 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120627 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120606 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120663 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120590 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120753 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120705 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120609 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120602 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120865 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120601 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120665 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120542 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120629 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Verified from closing disclosure document |
| XXXX | XXXX | XXXX | 4350120759 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120689 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120574 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120572 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120634 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120568 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120607 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120712 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120595 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120737 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120649 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120613 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120744 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120810 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120628 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120604 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120599 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120693 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120573 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120598 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120691 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120647 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120692 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120635 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120612 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120735 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120588 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120641 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120565 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120618 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120710 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120799 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120632 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120879 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120711 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120651 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120743 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120706 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120658 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120585 | XXXX | XXXX | Escrow Account | 0 | 1 |  |  |
| XXXX | XXXX | XXXX | 4350120723 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120581 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120783 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120671 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120617 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120696 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120736 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120731 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120645 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120648 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120769 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120920 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120776 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120803 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120687 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120801 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120812 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120584 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120580 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120608 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120815 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120740 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120742 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120660 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120708 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120724 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120915 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120721 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120887 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120733 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120732 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120808 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120583 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120582 | XXXX | XXXX | Escrow Account | 0 | 1 |  |  |
| XXXX | XXXX | XXXX | 4350120792 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120772 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120760 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120795 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120791 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120729 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120811 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120622 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120611 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120793 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120817 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120726 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120702 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120718 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120746 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120586 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120779 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120768 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120704 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120886 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120775 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120767 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120720 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120728 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120891 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120750 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120888 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120805 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120790 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Verified from initial escrow account and final closing disclosure document |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120659 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120822 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120734 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120919 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120794 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Verified from initial escrow account and final closing disclosure document |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120917 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120786 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120761 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120813 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120814 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120892 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120719 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120785 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120921 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120683 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120738 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120797 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120715 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120781 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120678 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120907 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120778 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120802 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120798 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120830 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120829 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120828 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120827 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120889 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120749 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120826 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120825 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120824 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120823 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120611 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120793 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 39.615 | 35.66802 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 16.396 | 24.94382 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 14.413 | 49.45459 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 20.053 | 9.48094 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120603 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 16.233 | 22.81736 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 27.473 | 34.40391 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 44.238 | 41.10999 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 9.623 | 13.50882 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 22.235 | 14.45353 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 0.0001 | 33.7462 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120663 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 50 | 52.79773 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 47.136 | 43.79096 | Verified | Income and expenses updated as per the provided documents. |
| XXXX | XXXX | XXXX | 4350120602 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 6.281 | 13.76394 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120601 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 45.199 | 42.04679 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 20.028 | 32.20992 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 25 |  | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 41.329 | 18.27055 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 42.763 | 17.58175 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120810 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 24.744 | 33.75004 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120599 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 13.726 | 19.40455 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 7.016 | 15.58738 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 11.718 | 14.00859 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 38.951 | 15.5686 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120692 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 36.027 | 39.61685 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120565 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 33.027 | 53.91546 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 40.052 | 52.08434 | Verified | Updated income, credit and rio values as per provided documents, however dti mismatch with 1008. |
| XXXX | XXXX | XXXX | 4350120743 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 35 | 40.95811 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 16.801 | 20.02805 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 1.533 | 11.04814 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 29.899 | 46.66595 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120731 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 27.266 | 24.89556 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120803 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 12.175 | 19.57462 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 33 | 29.85697 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 30.584 | 42.35302 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120733 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 41.751 | 30.8923 | Verified | DTI matches with Approval |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 34.22 | 42.35302 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120811 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 32.613 | 39.77293 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 0.0001 | 20.88869 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120718 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 10.863 | 24.02639 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120886 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 27.768 | 30.68032 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 24.642 | 30.69894 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 9.93 | 28.59544 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120790 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 45.176 | 53.41564 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120701 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 16.735 | 24.2636 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 13.573 | 26.80183 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120683 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 35 | 40.34101 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 0.0001 | 31.08256 | Verified | As per 1008 |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 32.4558 | 26.63909 | Verified | As per 1008, DTI is 26.70 |
| XXXX | XXXX | XXXX | 4350120575 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 6.665 | 8.96637 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350120674 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 39.52 | 31.6459 | Verified | Matching with 1008 |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 29 | 24.89643 | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120677 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 30.16 | 23.18895 | Verified | DTI as per 1008 is 23.19%. No discrepancy in DTI ratio. |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 31.0591 | 38.01499 | Verified | Per 1008 DTI is 38.012% and calculated DTI is 38.015% |
| XXXX | XXXX | XXXX | 4350120839 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 43 | 7.69655 | Verified | Field Value DTI matches 1008 DTI. |
| XXXX | XXXX | XXXX | 4350120854 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 0 |  | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 999.99 |  | Verified | DSCR loan |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120551 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120593 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120915 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Bid Tape Field value not provided. |
| XXXX | XXXX | XXXX | 4350120729 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120767 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120794 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120678 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120778 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120749 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | The Bid Tape Field Value was not provided. |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350120857 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350120579 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | Original CLTV | 46.66 | 48.67872 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | Original CLTV | 75 | 70 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120663 | XXXX | XXXX | Original CLTV | 47.5 | 43.18182 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| XXXX | XXXX | XXXX | 4350120735 | XXXX | XXXX | Original CLTV | 61.53 | 64.51565 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | Original CLTV | 66.95 | 65 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120920 | XXXX | XXXX | Original CLTV | 42 | 33.81643 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | Original CLTV | 70 | 80 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120742 | XXXX | XXXX | Original CLTV | 21.62 | 37.64706 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120792 | XXXX | XXXX | Original CLTV | 57.33 | 50.58824 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | Original CLTV | 56.3 | 55 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Original CLTV | 50.32 | 59.45946 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120728 | XXXX | XXXX | Original CLTV | 66.91 | 70.54264 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | Original CLTV | 55 | 50 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120675 | XXXX | XXXX | Original CLTV | 73.86 | 75 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120674 | XXXX | XXXX | Original CLTV | 60 | 42.63356 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | Original CLTV | 75 | 65 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | Original Interest Rate | 7.5 | 7 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | Original Interest Rate | 7.125 | 6.5 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | Original Interest Rate | 6.375 | 6.5 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | Original Interest Rate | 6.99 | 6.875 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120711 | XXXX | XXXX | Original Interest Rate | 7.375 | 6.875 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | Original Interest Rate | 9.75 | 9.875 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | Original Interest Rate | 7.125 | 6.999 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120830 | XXXX | XXXX | Original Interest Rate | 7 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | Original Interest Rate | 6.5 | 6.49 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120828 | XXXX | XXXX | Original Interest Rate | 7 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120827 | XXXX | XXXX | Original Interest Rate | 7 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120825 | XXXX | XXXX | Original Interest Rate | 7 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120824 | XXXX | XXXX | Original Interest Rate | 7 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120595 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120737 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120715 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120852 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120575 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350120675 | XXXX | XXXX | Original LTV | 73.86 | 75 | Verified | Field Value reflects the Original Principal Balance divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120674 | XXXX | XXXX | Original LTV | 60 | 42.63356 | Verified | Field Value reflects the Original Principal Balance divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120853 | XXXX | XXXX | Original LTV | 75 | 65 | Verified | Field Value reflects the Original Principal Balance divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | PITIA Reserves Months | 12 | 48.04 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | PITIA Reserves Months | 6 | 99.34 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | PITIA Reserves Months | 6 | 114.12 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120770 | XXXX | XXXX | PITIA Reserves Months | 6 | 43.54 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | PITIA Reserves Months | 6 | 124.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | PITIA Reserves Months | 9 | 32.86 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | PITIA Reserves Months | 4 | 69.17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | PITIA Reserves Months | 6 | 33.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | PITIA Reserves Months | 12 | 6.95 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | PITIA Reserves Months | 3 | 3.08 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | PITIA Reserves Months | 8 | 7.99 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120553 | XXXX | XXXX | PITIA Reserves Months | 24 | 16.45 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | PITIA Reserves Months | 6 | 74 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120688 | XXXX | XXXX | PITIA Reserves Months | 12 | 63.59 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | PITIA Reserves Months | 8 | 8.56 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | PITIA Reserves Months | 24 | 34.75 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | PITIA Reserves Months | 6 | 24.33 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120614 | XXXX | XXXX | PITIA Reserves Months | 6 | 95.76 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | PITIA Reserves Months | 24 | 46.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | PITIA Reserves Months | 6 | 132.92 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | PITIA Reserves Months | 12 | 18.39 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120600 | XXXX | XXXX | PITIA Reserves Months | 12 | 9.27 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120551 | XXXX | XXXX | PITIA Reserves Months | 12 | 88.08 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | PITIA Reserves Months | 6 | 43.24 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.76 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120603 | XXXX | XXXX | PITIA Reserves Months | 80 | 22.19 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.93 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | PITIA Reserves Months | 12 | 35.5 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | PITIA Reserves Months | 6 | 13.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | PITIA Reserves Months | 6 | 76.53 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120546 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.25 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120627 | XXXX | XXXX | PITIA Reserves Months | 6 | 28.96 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | PITIA Reserves Months | 40 | 104.84 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | PITIA Reserves Months | 6 | 32.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | PITIA Reserves Months | 3 | 3.23 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | PITIA Reserves Months | 6 | 85.85 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | PITIA Reserves Months | 12 | 6.74 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120606 | XXXX | XXXX | PITIA Reserves Months | 9 | 69.45 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120663 | XXXX | XXXX | PITIA Reserves Months | 6 | 13.58 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | PITIA Reserves Months | 6 | 25.46 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120549 | XXXX | XXXX | PITIA Reserves Months | 12 | 18.28 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.23 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120714 | XXXX | XXXX | PITIA Reserves Months | 12 | 76.05 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120590 | XXXX | XXXX | PITIA Reserves Months | 10 | 24.54 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120753 | XXXX | XXXX | PITIA Reserves Months | 9 | 84.33 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120705 | XXXX | XXXX | PITIA Reserves Months | 12 | 39.4 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | PITIA Reserves Months | 12 | 12.43 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | PITIA Reserves Months | 12 | 31.44 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120609 | XXXX | XXXX | PITIA Reserves Months | 29 | 30.8 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | PITIA Reserves Months | 12 | 76.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120602 | XXXX | XXXX | PITIA Reserves Months | 12 | 110.42 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | PITIA Reserves Months | 6 | 9.79 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | PITIA Reserves Months | 6 | 86.05 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120722 | XXXX | XXXX | PITIA Reserves Months | 12 | 55.27 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120865 | XXXX | XXXX | PITIA Reserves Months | 6 | 78.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120601 | XXXX | XXXX | PITIA Reserves Months | 12 | 272.24 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120665 | XXXX | XXXX | PITIA Reserves Months | 12 | 107.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | PITIA Reserves Months | 9 | 120.53 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | PITIA Reserves Months | 6 | 113.43 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | PITIA Reserves Months | 20 | 235.97 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | PITIA Reserves Months | 200 | 434.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | PITIA Reserves Months | 12 | 36.23 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | PITIA Reserves Months | 12 | 9.24 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120629 | XXXX | XXXX | PITIA Reserves Months | 6 | 24.07 | Verified | Verified asset document |
| XXXX | XXXX | XXXX | 4350120638 | XXXX | XXXX | PITIA Reserves Months | 12 | 98.48 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120759 | XXXX | XXXX | PITIA Reserves Months | 9 | 70.99 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120689 | XXXX | XXXX | PITIA Reserves Months | 6 | 60.94 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120574 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.26 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | PITIA Reserves Months | 6 | 111.62 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120589 | XXXX | XXXX | PITIA Reserves Months | 28 | 11.54 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120557 | XXXX | XXXX | PITIA Reserves Months | 12 | 15.57 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | PITIA Reserves Months | 6 | 81.93 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | PITIA Reserves Months | 12 | 78.93 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120572 | XXXX | XXXX | PITIA Reserves Months | 24 | 18.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | PITIA Reserves Months | 6 | 21.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120634 | XXXX | XXXX | PITIA Reserves Months | 12 | 16.43 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120568 | XXXX | XXXX | PITIA Reserves Months | 12 | 12.28 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120607 | XXXX | XXXX | PITIA Reserves Months | 6 | 73.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | PITIA Reserves Months | 12 | 38.47 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120712 | XXXX | XXXX | PITIA Reserves Months | 12 | 15.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120595 | XXXX | XXXX | PITIA Reserves Months | 9 | 177.69 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120737 | XXXX | XXXX | PITIA Reserves Months | 12 | 42.44 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120649 | XXXX | XXXX | PITIA Reserves Months | 12 | 37.54 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120613 | XXXX | XXXX | PITIA Reserves Months | 6 | 58.11 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120744 | XXXX | XXXX | PITIA Reserves Months | 6.5 | 12.19 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120810 | XXXX | XXXX | PITIA Reserves Months | 6 | 20.12 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120628 | XXXX | XXXX | PITIA Reserves Months | 6 | 12.42 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120604 | XXXX | XXXX | PITIA Reserves Months | 12 | 61.46 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120599 | XXXX | XXXX | PITIA Reserves Months | 12 | 11.3 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120693 | XXXX | XXXX | PITIA Reserves Months | 6 | 10.29 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | PITIA Reserves Months | 6 | 11.87 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120573 | XXXX | XXXX | PITIA Reserves Months | 6 | 18.11 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | PITIA Reserves Months | 6 | 13.23 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120598 | XXXX | XXXX | PITIA Reserves Months | 18 | 9.81 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120691 | XXXX | XXXX | PITIA Reserves Months | 6 | 11.03 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.39 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | PITIA Reserves Months | 6 | 5.87 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | PITIA Reserves Months | 12 | 64.14 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120647 | XXXX | XXXX | PITIA Reserves Months | 24 | 344.02 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120692 | XXXX | XXXX | PITIA Reserves Months | 6 | 157.88 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120635 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.52 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120612 | XXXX | XXXX | PITIA Reserves Months | 6 | 10.8 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120735 | XXXX | XXXX | PITIA Reserves Months | 24 | 189.32 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | PITIA Reserves Months | 51 | 59.23 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | PITIA Reserves Months | 6 | 27.96 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120588 | XXXX | XXXX | PITIA Reserves Months | 12 | 18.03 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120641 | XXXX | XXXX | PITIA Reserves Months | 12 | 122.65 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.02 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120565 | XXXX | XXXX | PITIA Reserves Months | 12 | 11.4 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120809 | XXXX | XXXX | PITIA Reserves Months | 12 | 17.88 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | PITIA Reserves Months | 6 | 41.78 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120890 | XXXX | XXXX | PITIA Reserves Months | 12 | 13.56 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120618 | XXXX | XXXX | PITIA Reserves Months | 6 | 39.58 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120710 | XXXX | XXXX | PITIA Reserves Months | 24 | 33.89 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120799 | XXXX | XXXX | PITIA Reserves Months | 6 | 47.13 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120632 | XXXX | XXXX | PITIA Reserves Months | 6 | 27.32 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | PITIA Reserves Months | 3 | 33.17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | PITIA Reserves Months | 7 | 109.01 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120879 | XXXX | XXXX | PITIA Reserves Months | 6 | 61.27 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120711 | XXXX | XXXX | PITIA Reserves Months | 15 | 84.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120651 | XXXX | XXXX | PITIA Reserves Months | 24 | 20.13 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120743 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.45 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120706 | XXXX | XXXX | PITIA Reserves Months | 12 | 45.88 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120658 | XXXX | XXXX | PITIA Reserves Months | 12 | 17.43 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120585 | XXXX | XXXX | PITIA Reserves Months | 9 | 13.09 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120723 | XXXX | XXXX | PITIA Reserves Months | 6 | 30.43 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120893 | XXXX | XXXX | PITIA Reserves Months | 12 | 88.73 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120581 | XXXX | XXXX | PITIA Reserves Months | 9 | 32.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120783 | XXXX | XXXX | PITIA Reserves Months | 17 | 16.58 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | PITIA Reserves Months | 6 | 91.41 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120671 | XXXX | XXXX | PITIA Reserves Months | 6 | 9.06 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | PITIA Reserves Months | 6 | 5.55 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | PITIA Reserves Months | 6 | 16 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120617 | XXXX | XXXX | PITIA Reserves Months | 6 | 80.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | PITIA Reserves Months | 6 | 58.36 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120661 | XXXX | XXXX | PITIA Reserves Months | 6 | 157.63 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120696 | XXXX | XXXX | PITIA Reserves Months | 6 | 10.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.91 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | PITIA Reserves Months | 12 | 130.93 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120736 | XXXX | XXXX | PITIA Reserves Months | 6 | 61.15 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | PITIA Reserves Months | 6 | 25.52 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120636 | XXXX | XXXX | PITIA Reserves Months | 6 | 94.92 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120731 | XXXX | XXXX | PITIA Reserves Months | 12 | 19.29 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120593 | XXXX | XXXX | PITIA Reserves Months | 24 | 42.41 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120648 | XXXX | XXXX | PITIA Reserves Months | 12 | 101.83 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120769 | XXXX | XXXX | PITIA Reserves Months | 24 | 168.41 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | PITIA Reserves Months | 6 | 115.65 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120920 | XXXX | XXXX | PITIA Reserves Months | 12 | 91.43 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120776 | XXXX | XXXX | PITIA Reserves Months | 24 | 110.17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120803 | XXXX | XXXX | PITIA Reserves Months | 6 | 11.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120687 | XXXX | XXXX | PITIA Reserves Months | 6 | 21.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120801 | XXXX | XXXX | PITIA Reserves Months | 29 | 24.52 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120812 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.69 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | PITIA Reserves Months | 6 | 88.69 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120652 | XXXX | XXXX | PITIA Reserves Months | 24 | 83.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120584 | XXXX | XXXX | PITIA Reserves Months | 9 | 10.64 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120580 | XXXX | XXXX | PITIA Reserves Months | 9 | 22.25 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120608 | XXXX | XXXX | PITIA Reserves Months | 6 | 24.6 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | PITIA Reserves Months | 6 | 90.27 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | PITIA Reserves Months | 68 | 68.48 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120605 | XXXX | XXXX | PITIA Reserves Months | 12 | 113.93 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | PITIA Reserves Months | 12 | 82.52 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120815 | XXXX | XXXX | PITIA Reserves Months | 15 | 24.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120740 | XXXX | XXXX | PITIA Reserves Months | 12 | 76.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120742 | XXXX | XXXX | PITIA Reserves Months | 12 | 108.32 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120660 | XXXX | XXXX | PITIA Reserves Months | 6 | 118.67 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120708 | XXXX | XXXX | PITIA Reserves Months | 6 | 110.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120868 | XXXX | XXXX | PITIA Reserves Months | 6 | 44.43 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120700 | XXXX | XXXX | PITIA Reserves Months | 12 | 84.3 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120724 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.04 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120915 | XXXX | XXXX | PITIA Reserves Months | 6 | 122.32 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120721 | XXXX | XXXX | PITIA Reserves Months | 6 | 20.44 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120887 | XXXX | XXXX | PITIA Reserves Months | 6 | 175.06 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120733 | XXXX | XXXX | PITIA Reserves Months | 6 | 61.2 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120594 | XXXX | XXXX | PITIA Reserves Months | 43 | 44.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | PITIA Reserves Months | 12 | 34.28 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120732 | XXXX | XXXX | PITIA Reserves Months | 6 | 25.95 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120808 | XXXX | XXXX | PITIA Reserves Months | 12 | 14.13 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | PITIA Reserves Months | 6 | 112.28 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120583 | XXXX | XXXX | PITIA Reserves Months | 9 | 27.84 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120582 | XXXX | XXXX | PITIA Reserves Months | 9 | 39.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120792 | XXXX | XXXX | PITIA Reserves Months | 6 | 75.13 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120772 | XXXX | XXXX | PITIA Reserves Months | 6 | 27.44 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120762 | XXXX | XXXX | PITIA Reserves Months | 12 | 47.17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120760 | XXXX | XXXX | PITIA Reserves Months | 12 | 70.48 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120795 | XXXX | XXXX | PITIA Reserves Months | 48 | 82.33 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120625 | XXXX | XXXX | PITIA Reserves Months | 12 | 11.98 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120791 | XXXX | XXXX | PITIA Reserves Months | 24 | 6.77 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | PITIA Reserves Months | 9 | 152.71 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120729 | XXXX | XXXX | PITIA Reserves Months | 32 | 27.81 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120811 | XXXX | XXXX | PITIA Reserves Months | 6 | 22.25 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120622 | XXXX | XXXX | PITIA Reserves Months | 6 | 109.67 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | PITIA Reserves Months | 3 | 123.3 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | PITIA Reserves Months | 12 | 86.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120611 | XXXX | XXXX | PITIA Reserves Months | 10 | 8.59 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120793 | XXXX | XXXX | PITIA Reserves Months | 6 | 11.83 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120817 | XXXX | XXXX | PITIA Reserves Months | 12 | 92.44 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120726 | XXXX | XXXX | PITIA Reserves Months | 9 | 12.73 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120702 | XXXX | XXXX | PITIA Reserves Months | 6 | 108.64 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | PITIA Reserves Months | 6 | 15.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120718 | XXXX | XXXX | PITIA Reserves Months | 6 | 43.05 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120727 | XXXX | XXXX | PITIA Reserves Months | 6 | 138.97 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | PITIA Reserves Months | 24 | 16.33 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | PITIA Reserves Months | 6 | 41.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | PITIA Reserves Months | 191 | 221.6 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120746 | XXXX | XXXX | PITIA Reserves Months | 6 | 12.62 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120586 | XXXX | XXXX | PITIA Reserves Months | 3 | 10.6 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120779 | XXXX | XXXX | PITIA Reserves Months | 8 | 14.45 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120643 | XXXX | XXXX | PITIA Reserves Months | 267 | 255.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120768 | XXXX | XXXX | PITIA Reserves Months | 12 | 102.06 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120789 | XXXX | XXXX | PITIA Reserves Months | 6 | 116 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120704 | XXXX | XXXX | PITIA Reserves Months | 36 | 13.7 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120886 | XXXX | XXXX | PITIA Reserves Months | 6 | 80.58 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | PITIA Reserves Months | 9 | 7.36 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120775 | XXXX | XXXX | PITIA Reserves Months | 9 | 35.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120697 | XXXX | XXXX | PITIA Reserves Months | 12 | 6.92 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120767 | XXXX | XXXX | PITIA Reserves Months | 24 | 33.52 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120720 | XXXX | XXXX | PITIA Reserves Months | 6 | 70.5 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120728 | XXXX | XXXX | PITIA Reserves Months | 12 | 55.82 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | PITIA Reserves Months | 9 | 37.86 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120891 | XXXX | XXXX | PITIA Reserves Months | 6 | 100.76 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120750 | XXXX | XXXX | PITIA Reserves Months | 9 | 91.33 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.85 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | PITIA Reserves Months | 12 | 81.13 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120888 | XXXX | XXXX | PITIA Reserves Months | 6 | 20.02 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120805 | XXXX | XXXX | PITIA Reserves Months | 6 | 37.33 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120790 | XXXX | XXXX | PITIA Reserves Months | 12 | 43.91 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.65 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120659 | XXXX | XXXX | PITIA Reserves Months | 12 | 112.12 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120822 | XXXX | XXXX | PITIA Reserves Months | 12 | 34.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120701 | XXXX | XXXX | PITIA Reserves Months | 12 | 97.22 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120734 | XXXX | XXXX | PITIA Reserves Months | 12 | 8.32 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120919 | XXXX | XXXX | PITIA Reserves Months | 6 | 32.75 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120717 | XXXX | XXXX | PITIA Reserves Months | 12 | 6.3 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120794 | XXXX | XXXX | PITIA Reserves Months | 6 | 121 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | PITIA Reserves Months | 6 | 13.89 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120917 | XXXX | XXXX | PITIA Reserves Months | 6 | 62.56 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120786 | XXXX | XXXX | PITIA Reserves Months | 12 | 15.25 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | PITIA Reserves Months | 3 | 38.95 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | PITIA Reserves Months | 3 | 38.11 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120761 | XXXX | XXXX | PITIA Reserves Months | 6 | 50.57 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | PITIA Reserves Months | 12 | 11.76 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | PITIA Reserves Months | 6 | 11.82 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120813 | XXXX | XXXX | PITIA Reserves Months | 12 | 91.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120814 | XXXX | XXXX | PITIA Reserves Months | 12 | 87.44 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | PITIA Reserves Months | 24 | 13.72 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | PITIA Reserves Months | 50 | 47.49 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | PITIA Reserves Months | 6 | 97.61 | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120892 | XXXX | XXXX | PITIA Reserves Months | 12 | 11.97 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120719 | XXXX | XXXX | PITIA Reserves Months | 6 | 67.54 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120785 | XXXX | XXXX | PITIA Reserves Months | 12 | 8.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.98 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120921 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.55 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120683 | XXXX | XXXX | PITIA Reserves Months | 6 | 7 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120698 | XXXX | XXXX | PITIA Reserves Months | 9 | 97.68 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | PITIA Reserves Months | 6 | 77.26 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | PITIA Reserves Months | 241 | 229.97 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120738 | XXXX | XXXX | PITIA Reserves Months | 133 | 136.29 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120797 | XXXX | XXXX | PITIA Reserves Months | 12 | 23.69 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120715 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.7 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | PITIA Reserves Months | 8 | 16.23 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120781 | XXXX | XXXX | PITIA Reserves Months | 9 | 25.95 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120910 | XXXX | XXXX | PITIA Reserves Months | 16 | 20.06 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120678 | XXXX | XXXX | PITIA Reserves Months | 6 | 139.7 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120907 | XXXX | XXXX | PITIA Reserves Months | 6 | 39.88 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | PITIA Reserves Months | 6 | 60.72 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120778 | XXXX | XXXX | PITIA Reserves Months | 6 | 16.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120802 | XXXX | XXXX | PITIA Reserves Months | 12 | 36.14 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120798 | XXXX | XXXX | PITIA Reserves Months | 12 | 102.46 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | PITIA Reserves Months | 6 | 144.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120830 | XXXX | XXXX | PITIA Reserves Months | 6 | 19.03 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120913 | XXXX | XXXX | PITIA Reserves Months | 6 | 28.88 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | PITIA Reserves Months | 30 | 41.74 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120829 | XXXX | XXXX | PITIA Reserves Months | 9 | 28.33 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120828 | XXXX | XXXX | PITIA Reserves Months | 6 | 28.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120827 | XXXX | XXXX | PITIA Reserves Months | 12 | 37.82 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120889 | XXXX | XXXX | PITIA Reserves Months | 6 | 41.1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120749 | XXXX | XXXX | PITIA Reserves Months | 9 | 49.42 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120826 | XXXX | XXXX | PITIA Reserves Months | 30 | 576.14 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120825 | XXXX | XXXX | PITIA Reserves Months | 9 | 28.04 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120824 | XXXX | XXXX | PITIA Reserves Months | 12 | 27.83 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120918 | XXXX | XXXX | PITIA Reserves Months | 6 | 67.66 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | PITIA Reserves Months | 3 | 80.81 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | PITIA Reserves Months | 30 | 48.39 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120823 | XXXX | XXXX | PITIA Reserves Months | 6 | 103.81 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | PITIA Reserves Months | 16 | 11.76 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120847 | XXXX | XXXX | PITIA Reserves Months | 12 | 16.67 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | PITIA Reserves Months | 107 | 158.92 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | No prepayment penalty |
| XXXX | XXXX | XXXX | 4350120770 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120537 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120541 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 | 24 | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120755 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120615 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120861 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120603 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120663 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | No Prepayment Penalty. |
| XXXX | XXXX | XXXX | 4350120756 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120545 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120590 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120705 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120554 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120592 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120602 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120865 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120560 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | NO ppp |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120542 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120759 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120689 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120637 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120595 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120604 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120599 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120573 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120624 | XXXX | XXXX | Prepayment Penalty Period (months) | 36 | 24 | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120735 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120707 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | No Prepayment terms on Note |
| XXXX | XXXX | XXXX | 4350120565 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120672 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120879 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120651 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120658 | XXXX | XXXX | Prepayment Penalty Period (months) | 12 | 36 | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120893 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120671 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120757 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120696 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120653 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120923 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120801 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120652 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120619 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120915 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120721 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | No prepayment |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120792 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120772 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120811 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120793 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120726 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120702 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120765 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120779 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120775 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120767 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120720 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | No Prepayment penalty. |
| XXXX | XXXX | XXXX | 4350120891 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120790 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120734 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120919 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120786 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120883 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value not provided. |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120719 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120784 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | NO PPP |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Prepayment Penalty is not provided in the file. |
| XXXX | XXXX | XXXX | 4350120797 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120715 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120876 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | Prepayment Penalty Period (months) | 24 | 36 | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350120847 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120551 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120878 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120693 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120573 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120612 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120711 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120658 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120585 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120723 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120893 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120654 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120617 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120731 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120593 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120648 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120769 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120915 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120667 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120808 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120795 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120729 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120718 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120727 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120746 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120886 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120767 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120728 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120794 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Verified from 1008 document |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120917 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120786 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120877 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120788 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120664 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120678 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120749 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120847 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120856 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120770 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120553 | XXXX | XXXX | Property Type | 3 Family | 2 Family | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120540 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120600 | XXXX | XXXX | Property Type | 3 Family | 2 Family | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120547 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | Property Type | Single Family Detached | Single Family Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | Property Type | Single Family Detached | Single Family Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | Property Type | Single Family Detached | Single Family Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120634 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120712 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120744 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120692 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value reflects the Approval/AUS in file. |
| XXXX | XXXX | XXXX | 4350120588 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120706 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | Property Type | PUD | Single Family Detached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120812 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120815 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120791 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120686 | XXXX | XXXX | Property Type | Single Family Detached | Single Family Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120746 | XXXX | XXXX | Property Type | Single Family Detached | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120683 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | Property Type | Single Family Detached | 3 Family | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120730 | XXXX | XXXX | Property Type | 4 Family | 3 Family | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | Property Type | Single Family Detached | Condo (Low Rise) | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120844 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | Purpose | Purchase | Refinance | Verified | Field Value reflects the Purpose per the Final HUD-1/Final CD |
| XXXX | XXXX | XXXX | 4350120827 | XXXX | XXXX | Purpose | Purchase | Refinance | Verified | Field Value reflects the Purpose per the Final HUD-1/Final CD |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | Refi Purpose | Cash-out | Rate/Term | Verified | Field Value reflects borrower not receiving cash out and/or paying off debts > XXXX or 2% of loan amount per HUD-1/CD |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Refi Purpose | Cash-out | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > XXXX or 2% of loan amount per HUD-1/CD |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | Refi Purpose | Cash-out | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > XXXX or 2% of loan amount per HUD-1/CD |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | Representative FICO | 736 | 752 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | Representative FICO | 672 | 703 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120559 | XXXX | XXXX | Representative FICO | 680 | 673 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120759 | XXXX | XXXX | Representative FICO | 690 | 679 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120744 | XXXX | XXXX | Representative FICO | 500 |  | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | Representative FICO | 732 | 730 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120803 | XXXX | XXXX | Representative FICO | 786 | 785 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120660 | XXXX | XXXX | Representative FICO | 680 | 673 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120708 | XXXX | XXXX | Representative FICO | 660 | 650 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | Representative FICO | 803 | 799 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | Representative FICO | 682 | 698 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120745 | XXXX | XXXX | Representative FICO | 721 | 722 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | Representative FICO | 721 | 722 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120829 | XXXX | XXXX | Representative FICO | 780 | 716 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120828 | XXXX | XXXX | Representative FICO | 780 | 716 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120827 | XXXX | XXXX | Representative FICO | 780 | 716 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120825 | XXXX | XXXX | Representative FICO | 780 | 716 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120824 | XXXX | XXXX | Representative FICO | 780 | 716 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350120851 | XXXX | XXXX | Representative FICO | 779 | 786 | Verified | Field Value Representative FICO reflects the lowest mid score of the highest wage earner |
| XXXX | XXXX | XXXX | 4350120839 | XXXX | XXXX | Representative FICO | 714 | 728 | Verified | FICO Score changed as per guide - Use the qualifying credit score of the primary income earner. |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120665 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120607 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120632 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120787 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120888 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120640 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120794 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120843 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120848 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350120673 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120534 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120535 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120866 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120754 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120562 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Refinance case |
| XXXX | XXXX | XXXX | 4350120834 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120688 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120713 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120610 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120614 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120597 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120555 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120600 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120539 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120603 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120538 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120655 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120561 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120627 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120668 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120570 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120699 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120623 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120663 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120753 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120567 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120602 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120591 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120650 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120722 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120665 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120682 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120620 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120621 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120556 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120569 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120638 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120759 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120689 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120633 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120589 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120596 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120616 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120607 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120737 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120649 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120613 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120810 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120604 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120693 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120690 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120694 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120598 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120691 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120695 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120864 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120635 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120612 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120735 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120874 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120641 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120809 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120639 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120618 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120710 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120658 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120804 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120617 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120739 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120800 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120636 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120648 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120566 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120920 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120819 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120605 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120741 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120740 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120742 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120708 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120700 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120915 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120725 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120583 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120582 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120792 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120762 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120795 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120625 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120752 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120622 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120630 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120780 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120817 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120702 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120718 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120727 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120882 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120657 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120768 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120833 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120767 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120720 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120751 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120891 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120666 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120659 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120822 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120701 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120734 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120794 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120758 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120679 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120761 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120813 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120814 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120821 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120719 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120698 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120782 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120797 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120914 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120798 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120806 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120747 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120829 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120828 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120827 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120889 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120825 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120824 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120748 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350120631 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120744 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120626 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120588 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120632 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120681 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120743 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120680 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120586 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120678 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120832 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350120855 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |

---

## Exhibit 99.7

**Exhibit 99.7**

**EXECUTIVE SUMMARY**

**COLT 2026-5**

**By Clarifii LLC on June 9, 2026**

COLT 2026-5 Due Diligence Narrative Report – PagE \| 1

**CLARIFII CONTACT INFORMATION**

---

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

---

**OVERVIEW**

Clarifii LLC ("Clarifii") conducted an independent third-party pre-securitization due diligence review (the "Review") of 25 loans (the "Loans") and these loans were subsequently acquired by Lone Star Residential Acquisitions, LLC (the "Client") for the COLT 2026-5 transaction. The loans referenced in this narrative report were reviewed 03/2026 through 05/2026 by Clarifii. This narrative report provides information about the scope of work performed by Clarifii, and the results of Clarifii's review.

**ORIGINATORS**

Origination channels for the loans in this review:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Origination Channel** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Retail | &nbsp;&nbsp;1 | &nbsp;&nbsp;4.00% | &nbsp;&nbsp;$1350000.00 |
| &nbsp;&nbsp;Correspondent Flow with Delegated UW | &nbsp;&nbsp;11 | &nbsp;&nbsp;44.00% | &nbsp;&nbsp;$7758790.00 |
| &nbsp;&nbsp;Wholesale | &nbsp;&nbsp;13 | &nbsp;&nbsp;52.00% | &nbsp;&nbsp;$10690150.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$19798940.00** |

---

The Review consisted of a population of 25 loans, with an aggregate principal balance of $19,798,940.00.

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

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

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

**LOAN SAMPLING**

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Identity of NRSRO** | &nbsp;&nbsp;**Title and Date of Criteria** |
| &nbsp;&nbsp;Fitch Ratings, Inc. | &nbsp;&nbsp;U.S. RMBS Rating Criteria, October 1, 2025 |

---

COLT 2026-5 Due Diligence Narrative Report – PagE \| 2

**DATA INTEGRITY**

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

---

| |
|:---|
| &nbsp;&nbsp;**Data Comparison Fields** |
| &nbsp;&nbsp;Borrower 1 First Name |
| &nbsp;&nbsp;Borrower 1 Last Name |
| &nbsp;&nbsp;Cash Disbursement Date |
| &nbsp;&nbsp;Closing/Settlement Date |
| &nbsp;&nbsp;First Payment Date |
| &nbsp;&nbsp;Interest Rate |
| &nbsp;&nbsp;Loan Amount |
| &nbsp;&nbsp;Loan ID |
| &nbsp;&nbsp;Loan Program |
| &nbsp;&nbsp;Loan Purpose |
| &nbsp;&nbsp;Maturity Date |
| &nbsp;&nbsp;Note Date |
| &nbsp;&nbsp;Number of Units |
| &nbsp;&nbsp;Occupancy |
| &nbsp;&nbsp;Primary Appraised Property Value |
| &nbsp;&nbsp;Property Address |
| &nbsp;&nbsp;Property City |
| &nbsp;&nbsp;Property County |
| &nbsp;&nbsp;Property State |
| &nbsp;&nbsp;Property Type |
| &nbsp;&nbsp;Property Zip Code |
| &nbsp;&nbsp;Qualifying CLTV |
| &nbsp;&nbsp;Qualifying FICO |
| &nbsp;&nbsp;Qualifying LTV |
| &nbsp;&nbsp;Qualifying Total Debt Income Ratio |
| &nbsp;&nbsp;Sales Price |
| &nbsp;&nbsp;Term |
| &nbsp;&nbsp;Verified Doc Type |

---

COLT 2026-5 Due Diligence Narrative Report – PagE \| 3

**CREDIT UNDERWRITING**

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

● **Loan Attributes** 

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

– Assets and Reserves

– Gross Income

– Lien Position

– Loan Purpose

– Housing History

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

– Monthly Debt

– Occupancy

– Property Type

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

– Debt to Income Ratio (DTI)

– Residual Income

– Debt Service Coverage Ratio (DSCR)

● **Credit Application** 

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

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

– Borrower(s) employment history

– Citizenship and eligibility

– First time home buyer status

– The application was signed by all borrowers

– The application was substantially complete

● **Credit History** 

Clarifii verified the following items:

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

– Bankruptcy and foreclosure seasoning

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

– Installment and revolving payment history

– Mortgage/Rental payment history

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

– Number of tradelines

– Credit Score(s) and Qualifying Score Methodology

COLT 2026-5 Due Diligence Narrative Report – PagE \| 4

● **Employment and Income** 

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

– Tax returns

– Financial statements

Paystubs

– IRS Form W-2s

– IRS Form 1099

– IRS documents

– Bank statements

– Lease agreements

– Award letters

– Other documentation in loan file

● **Fraud Review** 

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

– Borrower identity

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Social
 Security inconsistencies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Borrower
 name variations

– Occupancy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Borrower
 address history

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Subject
 property ownership history

– Employment

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Mortgage
 lender/originator

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Loan
 officer

OFAC

● **Asset Review** 

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

– Verification of deposits (VOD)

– Depository account statements

– Stock or security account statements

– Gift funds

– Settlements statements

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

COLT 2026-5 Due Diligence Narrative Report – PagE \| 5

– Other documentation in loan file

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

● **Property** **Insurance and Taxes** 

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

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

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

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

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

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

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

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

● **Debt Service Coverage Ratio (DSCR)** 

– Calculated DSCR, as required by guidelines

– Confirmed documentation requirements have been met

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

**DOCUMENT REVIEW**

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

● **Initial and Final 1003 Application** 

● **Note** 

● **Mortgage/Deed of Trust** 

● **Appraisal** 

● **Sales Contract** 

● **Title Commitment/Policy** 

● **Junior Lien/Subordination Agreement** 

● **Mortgage Insurance** 

● **Underwriting Approval Documentation inclusive, but not limited to documents listed in the Credit Review section** 

● **Flood Certification** 

● **Initial and Final Loan Estimate (LE)** 

● **Initial and Final and Closing Disclosure (CD)** 

● **Post-Consummation Closing Disclosure (PCCD), as applicable** 

COLT 2026-5 Due Diligence Narrative Report – PagE \| 6

**COMPLIANCE REVIEW**

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

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

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

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

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

● **Compliance Documentation Requirements** 

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

– Initial and final application (1003)

– Note, including all addendums

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

– Mortgage / Deed of Trust, including all riders

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

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

– Notice of Right to Cancel (when applicable)

– Rate Lock Date

– HOEPA Disclosures (when applicable)

– Initial Escrow Account Disclosure

● **Anti-Predatory Lending (Assignee Liability)** 

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

● **Compliance Testing of Truth-in-Lending Act (TILA)/Regulation Z Elements** 

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

COLT 2026-5 Due Diligence Narrative Report – PagE \| 7

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

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

**Right of Rescission** 

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

**Qualified Mortgage and Ability to Repay**

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

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

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

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

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

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

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

**Miscellaneous Compliance Testing**

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

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

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

COLT 2026-5 Due Diligence Narrative Report – PagE \| 8

● **State and Local Anti-Predatory Requirements** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

COLT 2026-5 Due Diligence Narrative Report – PagE \| 9

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

COLT 2026-5 Due Diligence Narrative Report – PagE \| 10

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

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

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

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

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

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

● **Business Purpose Loan Compliance Review** 

– Non-Owner Occupied Declaration Disclosure

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

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

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

– Review Note accuracy and properly executed

– Review Mortgage and applicable riders for accuracy and properly executed

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

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

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

– Right to Receive Copy of Appraisal or Appraisal Waiver Disclosure

– Letter of Explanation detailing the use of proceeds.

– Borrower's statement of purpose for the loan.

– State License requirements when applicable

– State Predatory lending and high cost when applicable

**QUALIFIED MORTGAGE (QM)**

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

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

For each QM designated loan that satisfied the applicable requirements enumerated above, Clarifii then determined whether the loan was a Safe Harbor QM or Rebuttable Presumption QM by comparing the

COLT 2026-5 Due Diligence Narrative Report – PagE \| 11

loan's actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage.

**ABILITY TO REPAY (ATR)**

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

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

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

Clarifii's review was based on information contained in the loan file at the time it was provided for review. All loans in the population reviewed by Clarifii that were investment properties were found to not be ATR/QM applicable.

**VALUATION REVIEW**

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

● **Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)** 

Clarifii checked for the presence of the appraiser's license and reviewed for the presence of any red flags related to the mortgaged property that may have posed a risk to the property or occupants.

● **Uniform Standards of Professional Appraisal Practice (USPAP)** 

Clarifii confirmed the appraiser's certification is present and executed within the original appraisal.

COLT 2026-5 Due Diligence Narrative Report – PagE \| 12

**INDEPENDENT THIRD-PARTY VALUES**

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

**Valuation Reconciliation Process:** 

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

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

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

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

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

**VALUATION RESULTS SUMMARY**

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

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Valuation Product** | &nbsp;&nbsp;**# of Files – No Hit** | &nbsp;&nbsp;**# of Files > -10% Variance to OA or Confidence < 80%** | &nbsp;&nbsp;**Number of Files within -10% of OA or Acceptable UCDP Risk Score** |
| &nbsp;&nbsp;AVM | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;BPO | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;LCA or CU Score <=2.5 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Desk Review | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 |
| &nbsp;&nbsp;Field Review | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Second Full Appraisal | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |

---

**DUE DILIGENCE GRADING CRITERIA** 

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

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

COLT 2026-5 Due Diligence Narrative Report – PagE \| 13

**Final Event Grade** 

---

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

---

**Credit Event Grade**

---

| | |
|:---|:---|
| **A** | The loan meets the published guidelines without any exceptions. The employment, income, assets, and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |
| **B** | The loan materially meets the published guidelines, but reasonable compensating factors were considered and documented for exceeding published guidelines. The employment, income, assets, and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |
| **C** | The loan does not materially meet the published guidelines. There are not sufficient compensating factors that justify exceeding the published guidelines. The employment, income, assets, or occupancy are not supported and justifiable. The borrower's willingness and ability to repay the loan were not documented or are unreasonable. |
| **D** | There was not sufficient documentation to perform a review, or the credit file was not furnished. |

---

**Valuation Event Grade**

---

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

---

COLT 2026-5 Due Diligence Narrative Report – PagE \| 14

**Compliance Event Grade** 

---

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

---

**CLARIFII DUE DILIGENCE RESULTS**

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

**Final Overall Loan Grade Results**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Overall Review Results** | &nbsp;&nbsp;**Overall Review Results** | &nbsp;&nbsp;**Overall Review Results** |
| &nbsp;&nbsp;**Overall** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Mortgage Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;17 | &nbsp;&nbsp;68.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;8 | &nbsp;&nbsp;32.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** |

---

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

**Final Credit Component Grade Results**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Final Credit Grade Summary** | &nbsp;&nbsp;**Final Credit Grade Summary** | &nbsp;&nbsp;**Final Credit Grade Summary** |
| &nbsp;&nbsp;**Credit** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Sample** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** |

---

COLT 2026-5 Due Diligence Narrative Report – PagE \| 15

**Final Property Valuation Grade Results**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Final Property Grade Summary** | &nbsp;&nbsp;**Final Property Grade Summary** | &nbsp;&nbsp;**Final Property Grade Summary** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Sample** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** |

---

**Final Regulatory Compliance Grade Results**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Final Compliance Grade Summary** | &nbsp;&nbsp;**Final Compliance Grade Summary** | &nbsp;&nbsp;**Final Compliance Grade Summary** |
| &nbsp;&nbsp;**Compliance** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Sample** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;17 | &nbsp;&nbsp;68.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;8 | &nbsp;&nbsp;32.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** |

---

**ADDITIONAL LOAN SUMMARY DETAILS**

**Amortization Type**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Amortization Type** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;ARM | &nbsp;&nbsp;1 | &nbsp;&nbsp;4.00% | &nbsp;&nbsp;$847000.00 |
| &nbsp;&nbsp;Fixed | &nbsp;&nbsp;24 | &nbsp;&nbsp;96.00% | &nbsp;&nbsp;$18951940.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$19798940.00** |

---

**Occupancy**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Primary Residence | &nbsp;&nbsp;16 | &nbsp;&nbsp;64.00% | &nbsp;&nbsp;$11686100.00 |
| &nbsp;&nbsp;Second Home | &nbsp;&nbsp;1 | &nbsp;&nbsp;4.00% | &nbsp;&nbsp;$1581000.00 |
| &nbsp;&nbsp;Investment | &nbsp;&nbsp;8 | &nbsp;&nbsp;32.00% | &nbsp;&nbsp;$6531840.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$19798940.00** |

---

**Loan Purpose**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Loan Purpose** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Refinance | &nbsp;&nbsp;20 | &nbsp;&nbsp;80.00% | &nbsp;&nbsp;$16439500.00 |
| &nbsp;&nbsp;Purchase | &nbsp;&nbsp;5 | &nbsp;&nbsp;20.00% | &nbsp;&nbsp;$3359440.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$19798940.00** |

---

COLT 2026-5 Due Diligence Narrative Report – PagE \| 16

**Lien Position**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Lien Position** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$19798940.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$19798940.00** |

---

**Original Term**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Original Term** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;360 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$19798940.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**25** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$19798940.00** |

---

**DATA COMPARE RESULTS**

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

**Summary of Data Compare Results**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Data Comparison Fields** | &nbsp;&nbsp;**Loans With** <br> **Discrepancy** | &nbsp;&nbsp;**Total Times** <br> **Compared** | &nbsp;&nbsp;**Accuracy %** |
| &nbsp;&nbsp;Borrower 1 First Name | &nbsp;&nbsp;1 | &nbsp;&nbsp;25 | &nbsp;&nbsp;96.00% |
| &nbsp;&nbsp;Borrower 1 Last Name | &nbsp;&nbsp;2 | &nbsp;&nbsp;25 | &nbsp;&nbsp;92.00% |
| &nbsp;&nbsp;Cash Disbursement Date | &nbsp;&nbsp;5 | &nbsp;&nbsp;25 | &nbsp;&nbsp;80.00% |
| &nbsp;&nbsp;Closing/Settlement Date | &nbsp;&nbsp;23 | &nbsp;&nbsp;25 | &nbsp;&nbsp;8.00% |
| &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Interest Rate | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan Amount | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan ID | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan Program | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Note Date | &nbsp;&nbsp;1 | &nbsp;&nbsp;25 | &nbsp;&nbsp;96.00% |
| &nbsp;&nbsp;Number of Units | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Primary Appraised Property Value | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property Address | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property City | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property County | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property State | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property Zip Code | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Qualifying CLTV | &nbsp;&nbsp;1 | &nbsp;&nbsp;25 | &nbsp;&nbsp;96.00% |

---

COLT 2026-5 Due Diligence Narrative Report – PagE \| 17

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Qualifying FICO | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Qualifying LTV | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Qualifying Total Debt Income Ratio | &nbsp;&nbsp;2 | &nbsp;&nbsp;25 | &nbsp;&nbsp;92.00% |
| &nbsp;&nbsp;Sales Price | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Term | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Verified Doc Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;25 | &nbsp;&nbsp;100.00% |

---

**CLARIFII THIRD PARTY REPORTS DELIVERED**

Clarifii furnished the following reports on this transaction:

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

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

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

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

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

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

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

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

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

**Disclaimer** 

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

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

*Ratings, analysis, reports, and other opinions (referred to collectively as "Reports") issued by the Company are provided "as is" and without representation or warranty of any kind. The Company hereby disclaims any representation or warranty (whether express or implied) as to accuracy, completeness, merchantability, or fitness for a particular purpose. Reports are not a recommendation to buy, sell, or retain any security. All reports are deemed jointly prepared, and no individual shall be exclusively deemed the "author" of any Report. Individuals identified in a Report were involved in, but are not solely responsible for, the contents of any Report. Unless expressly stated otherwise, Reports do not assess any risk other than credit risk. In particular, any rating or grading in a Report does not take into consideration the risk of any security (or any portion thereof) due to changes in market conditions.*

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

COLT 2026-5 Due Diligence Narrative Report – PagE \| 18

## Exhibit 99.8

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.8**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Seller Loan ID** | **Deal ID** | **Investor Loan ID** | **Mapped ID** | **Queue** | **Finding Code** | **Date Created** | **Date Modified** | **Finding Status** | **Event Level** | **Finding Category** | **Finding Sub Category** | **Finding Name** | **Finding Comments** | **Seller Comments** | **Resolution Comments** | **Reviewer Comp Factor** | **Originator Comp Factors** | **Finding Documents** | **Originator QM Status** | **Final Reviewed QM Status** | **Loan Amount** | **Property State** | **Occupancy** | **Loan Purpose** | **Refinance Purpose** | **Acknowledged / WaivedBy** | **Waiver in File?** | **Unique Finding ID** |
| XXXX |  | 4350120941 | XXXX | XXXX A |  | XXXX |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other |  |  | XXXX |
| XXXX |  | 4350120943 | XXXX | XXXX C A | Closed | XXXX | 2026-03-27 19:02 | 2026-04-17 09:03 | Resolved | 1 - Information C A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The asset condition were resolved. - Due Diligence Vendor-04/17/2026 <br> Counter-Pending receipt of missing assets. - Due Diligence Vendor-04/02/2026 <br> Ready for Review-Document Uploaded. - Seller-04/01/2026 <br> Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Subject primary purchase. Borr short -$XXXX funds to close. - Due Diligence Vendor-03/27/2026 | Ready for Review-Document Uploaded. - Seller-04/01/2026<br>| Resolved-The asset condition were resolved. - Due Diligence Vendor-04/17/2026<br>| Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 27.71<br>LTV is less than guideline maximum - Required is 75 Borrower has 39.08<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 770 |  | XXXX-V1.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX |
| XXXX |  | 4350120943 | XXXX | XXXX C A | Closed | XXXX | 2026-03-27 18:58 | 2026-04-16 13:10 | Resolved | 1 - Information C A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received source/additional assets. - Due Diligence Vendor-04/16/2026 <br> Ready for Review-Document Uploaded. - Seller-04/16/2026 <br> Counter-XXXX Statement for XXXX provided with a balance of $XXXX. Not other assets provided. Please provide the source of the $XXXX funds brought to close. - Due Diligence Vendor-0XXXX/2026 <br> Ready for Review-Document Uploaded. - Seller-04/14/2026 <br> Counter-Received title receipt for deposit of $XXXX. Review is unable to locate statement or statements reflecting sufficient funds. Review confirms XXXX verified. Please document source of funds to closing. - Due Diligence Vendor-04/06/2026 <br> Ready for Review-Document Uploaded. Please reconsider and remove this condition based on the following:<br>The most recent one month bank statement was already provided. Since the application date was February XXXX, the January bank statement satisfies the documentation requirement.<br> In addition, the attached Escrow Closing Fund Receipt confirms that the funds came directly from the borrower.<br> Further, under the XXXX, Section 11.1, Evaluating Large Deposits, it states:<br> "The source of a large deposit does not need to be documented if the eligible assets on file are from U.S. banks or brokerage accounts, unless the deposits are clearly identified as originating from a financing firm or new loan proceeds."<br>Based on this guideline, the deposit is not required to be sourced, as the assets are from an eligible U.S. bank account and there is no indication that the deposit originated from a financing firm or new loan proceeds.<br>Accordingly, we respectfully request that this condition be removed. - Seller-04/03/2026 <br> Counter-Received Post Close CD dated XXXX which reflects additional deposit of $XXXX. Missing source of funds of additional deposit. - Due Diligence Vendor-04/02/2026 <br> Ready for Review-Document Uploaded. - Seller-04/01/2026 <br> Open-Total Qualified Assets Post-Close amount is '$-XXXX'. Assets are Insufficient. Subject primary purchase. Borr short XXXX funds to close. - Due Diligence Vendor-03/27/2026 | Ready for Review-Document Uploaded. - Seller-04/16/2026 <br> Ready for Review-Document Uploaded. - Seller-04/14/2026 <br> Ready for Review-Document Uploaded. Please reconsider and remove this condition based on the following:<br>The most recent one month bank statement was already provided. Since the application date was XXXX, the XXXX bank statement satisfies the documentation requirement.<br> In addition, the attached Escrow Closing Fund Receipt confirms that the funds came directly from the borrower.<br> Further, under the XXXX XXXXs, Section 11.1, Evaluating Large Deposits, it states:<br> "The source of a large deposit does not need to be documented if the eligible assets on file are from U.S. banks or brokerage accounts, unless the deposits are clearly identified as originating from a financing firm or new loan proceeds."<br>Based on this guideline, the deposit is not required to be sourced, as the assets are from an eligible U.S. bank account and there is no indication that the deposit originated from a financing firm or new loan proceeds.<br>Accordingly, we respectfully request that this condition be removed. - Seller-04/03/2026 <br> Ready for Review-Document Uploaded. - Seller-04/01/2026 | Resolved-Received source/additional assets. - Due Diligence Vendor-04/16/2026<br>| Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 27.71<br>LTV is less than guideline maximum - Required is 75 Borrower has 39.08<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 770 |  | XXXX-V1.pdf<br> XXXX_Closing Funds.pdf<br> Guideline.pdf<br> XXXX-V2.pdf<br> XXXX (1).pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX |
| XXXX |  | 4350120942 | XXXX | XXXX C B A | Closed | XXXX | 2026-03-30 19:54 | 2026-04-24 13:58 | Resolved | 1 - Information C A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Received email from tax preparer phone number to business not required to be listed on internet. - Due Diligence Vendor-04/24/2026 <br>Ready for Review-Document Uploaded. Uploaded. Google Search. - Seller-04/23/2026 <br>Open-Income and Employment Do Not Meet Guidelines Missing - Business phone number must be verifiable via Google Search, 411.com or internet.<br> - Due Diligence Vendor-03/30/2026 | Ready for Review-Document Uploaded. Uploaded. Google Search. - Seller-04/23/2026<br>| Resolved-Received email from tax preparer phone number to business not required to be listed on internet. - Due Diligence Vendor-04/24/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 721 Required is 680 Borrower has 721<br>LTV is less than guideline maximum - Required is 75 Borrower has 65 Required is 75 Borrower has 65<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.86 Required is 49.99 Borrower has 37.86 |  | GOOGLE SEARCH.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120942 | XXXX | XXXX C B A | Closed | XXXX | 2026-03-27 14:43 | 2026-03-30 06:05 | Waived | 2 - Non-Material B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings - Due Diligence Vendor-03/27/2026 |  | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings - Due Diligence Vendor-03/27/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 721 Required is 680 Borrower has 721<br>LTV is less than guideline maximum - Required is 75 Borrower has 65 Required is 75 Borrower has 65<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.86 Required is 49.99 Borrower has 37.86 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120944 | XXXX | XXXX C B A | Closed | XXXX | 2026-04-02 23:09 | 2026-06-04 11:46 | Resolved | 1 - Information C A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-06/04/2026 <br> Resolved-Received PCCD confirming no assets required for closing. - Due Diligence Vendor-04/24/2026 <br> Ready for Review-Document Uploaded. Uploaded. See revised PCCD. - Seller-04/22/2026 <br> Counter-Received PCCD. Borrower needs $XXXX funds for closing. Missing validation of sufficient funds. - Due Diligence Vendor-04/20/2026 <br> Ready for Review-Document Uploaded. Uploaded. See PCCD. - Seller-04/16/2026 <br> Open-Asset Qualification Does Not Meet Guideline Requirements Missing Assets to cover cash to close of $XXXX. - Due Diligence Vendor-04/03/2026 | Ready for Review-Document Uploaded. Uploaded. See revised PCCD. - Seller-04/22/2026 <br>Ready for Review-Document Uploaded. Uploaded. See PCCD. - Seller-04/16/2026<br>| Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-06/04/2026 <br>Resolved-Received PCCD confirming no assets required for closing. - Due Diligence Vendor-04/24/2026<br>| LTV is less than guideline maximum - Required is 80 Borrower has 60.54<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 763<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.02 |  | PCCD.pdf<br>PCCD.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX |
| XXXX |  | 4350120944 | XXXX | XXXX C B A | Closed | XXXX | 2026-04-01 10:32 | 2026-04-20 13:27 | Resolved | 1 - Information C A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD 04/16/2026. Finding Resolved. - Due Diligence Vendor-04/20/2026 <br> Ready for Review-Document Uploaded. Uploaded. See PCCD. - Seller-04/16/2026 <br> Open-This loan failed the TILA right of rescission test.Closed-end XXXX) , transferred from XXXX, Open-end XXXX) , transferred from XXXX)The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by XXXX, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-04/01/2026 | Ready for Review-Document Uploaded. Uploaded. See PCCD. - Seller-04/16/2026<br>| Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-04/20/2026 | LTV is less than guideline maximum - Required is 80 Borrower has 60.54<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 763<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.02 |  | PCCD.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX |
| XXXX |  | 4350120944 | XXXX | XXXX C B A | Closed | XXXX | 2026-04-02 07:07 | 2026-04-02 07:15 | Waived | 2 - Non-Material B | Compliance | Disclosure | Incorrect ROR Form Type selected | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). Originator waiver applied to non-material findings - Due Diligence Vendor-04/02/2026 |  | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). Originator waiver applied to non-material findings - Due Diligence Vendor-04/02/2026<br>| LTV is less than guideline maximum - Required is 80 Borrower has 60.54<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 763<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.02 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120945 | XXXX | XXXX D A | Closed | XXXX | 2026-04-02 14:13 | 2026-04-22 16:36 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received tax preparers license validation - Due Diligence Vendor-04/22/2026 <br>Ready for Review-Document Uploaded. Uploaded. See Tax EA verification. - Seller-04/20/2026 <br>Open-Borrower 1 CPA Letter Missing Provide verification tax preparer is EA, additional findings may apply. - Due Diligence Vendor-04/02/2026 | Ready for Review-Document Uploaded. Uploaded. See Tax EA verification. - Seller-04/20/2026<br>| Resolved-Received tax preparers license validation - Due Diligence Vendor-04/22/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 735 Required is 660 Borrower has 735<br>LTV is less than guideline maximum - Required is 75 Borrower has 55 Required is 75 Borrower has 55<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.99 Required is 49.99 Borrower has 37.99 |  | RPO Preparer Directory (1) Verification EA.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120945 | XXXX | XXXX D A | Closed | XXXX | 2026-04-01 12:59 | 2026-04-22 16:34 | Resolved | 1 - Information D A | Credit | Missing Doc | Property 7: Missing Property Tax Cert | Resolved-Validated property taxes. - Due Diligence Vendor-04/22/2026 <br>Ready for Review-Document Uploaded. Uploaded. See property tax. - Seller-04/20/2026 <br>Open-Property 7: Missing Property Tax Cert, (Last property on URLA continuation sheet) - Due Diligence Vendor-04/01/2026 | Ready for Review-Document Uploaded. Uploaded. See property tax. - Seller-04/20/2026<br>| Resolved-Validated property taxes. - Due Diligence Vendor-04/22/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 735 Required is 660 Borrower has 735<br>LTV is less than guideline maximum - Required is 75 Borrower has 55 Required is 75 Borrower has 55<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.99 Required is 49.99 Borrower has 37.99 |  | Property Tax.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120945 | XXXX | XXXX D A | Closed | XXXX | 2026-04-01 12:09 | 2026-04-17 12:45 | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Received Management approval. - Due Diligence Vendor-04/17/2026 <br> Ready for Review-Document Uploaded. Uploaded. Fraud Guard letter approval. - Seller-0XXXX/2026 <br> Open-Fraud Report Shows Uncleared Alerts XXXX® scores above 800 from XXXX require management review and approval by the<br> Underwriting Manager in order to proceed with the loan. Provide Documentation, additional findings may apply. - Due Diligence Vendor-04/01/2026 | Ready for Review-Document Uploaded. Uploaded. XXXX letter approval. - Seller-0XXXX/2026 | Resolved-Received Management approval. - Due Diligence Vendor-04/17/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 735 Required is 660 Borrower has 735<br>LTV is less than guideline maximum - Required is 75 Borrower has 55 Required is 75 Borrower has 55<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.99 Required is 49.99 Borrower has 37.99 |  | XXXX letter approval.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120945 | XXXX | XXXX D A | Closed | XXXX | 2026-04-01 12:41 | 2026-04-17 12:44 | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Mortgage Statement. - Due Diligence Vendor-04/17/2026 <br> Ready for Review-Document Uploaded. Uploaded. See Mortgage Statement #XXXX. - Seller-0XXXX/2026 <br> Open-Housing History Does Not Meet Guideline Requirements Provide housing history for XXXX - Due Diligence Vendor-04/01/2026 | Ready for Review-Document Uploaded. Uploaded. See Mortgage Statement #XXXX. - Seller-0XXXX/2026 | Resolved-Received Mortgage Statement. - Due Diligence Vendor-04/17/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 735 Required is 660 Borrower has 735<br>LTV is less than guideline maximum - Required is 75 Borrower has 55 Required is 75 Borrower has 55<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.99 Required is 49.99 Borrower has 37.99 |  | Mortgage Statement #XXXX - #XXXX.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120946 | XXXX | XXXX D B A | Closed | XXXX | 2026-04-03 13:58 | 2026-04-15 12:14 | Resolved | 1 - Information D A | Credit | Missing Doc | Subordination Agreement is Missing | Resolved-Received confirmation from Title, UCC is terminated. - Due Diligence Vendor-0XXXX/2026 <br> Ready for Review-Document Uploaded. Uploaded. See Recorded XXXX UCC Financing Statement Amendment and received email response from title, Final TP is still being worked on. - Seller-04/13/2026 <br> Open-Missing Subordination Agreement Preliminary Title Commitment list XXXX, Inc XXXX financing agreement recorded on Title XXXX. XXXX Agreement/Disclosure in-file signed, dated by Borr XXXX in effect with a remaining balance of $XXXX. XXXX- Due Diligence Vendor-04/03/2026 | Ready for Review-Document Uploaded. Uploaded. See Recorded XXXX UCC Financing Statement Amendment and received email response from title, Final TP is still being worked on. - Seller-04/13/2026 | Resolved-Received confirmation from Title, UCC is terminated. - Due Diligence Vendor-0XXXX/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 705<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 43.89<br>Months Reserves exceed minimum required - 22.96mos reserves. Per guides, no reserves required<br>LTV is less than guideline maximum - Required is 75 Borrower has 66.15 |  | Email Response from Title on Item #6 termination.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120946 | XXXX | XXXX D B A | Closed | XXXX | 2026-04-03 13:58 | 2026-04-15 12:14 | Resolved | 1 - Information C A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received Confirmation from Title, UCC is terminated. - Due Diligence Vendor-0XXXX/2026 <br> Ready for Review-Document Uploaded. Uploaded. See Recorded XXXX UCC Financing Statement Amendment and received email response from title, Final TP is still being worked on. - Seller-04/13/2026 <br> Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Subject loan XXXX Preliminary Title proposed loan amount coverage $XXXX however, XXXX, Inc XXXX financing agreement recorded and in effect has a remaining balance of $XXXX. Total estimated minimum coverage required $XXXX. XXXX- Due Diligence Vendor-04/03/2026 | Ready for Review-Document Uploaded. Uploaded. See Recorded XXXX UCC Financing Statement Amendment and received email response from title, Final TP is still being worked on. - Seller-04/13/2026 | Resolved-Received Confirmation from Title, UCC is terminated. - Due Diligence Vendor-0XXXX/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 705<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 43.89<br>Months Reserves exceed minimum required - 22.96mos reserves. Per guides, no reserves required<br>LTV is less than guideline maximum - Required is 75 Borrower has 66.15 |  | Email Response from Title on Item #6 termination.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120946 | XXXX | XXXX D B A | Closed | XXXX | 2026-04-03 10:03 | 2026-04-03 13:08 | Waived | 2 - Non-Material B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing ------ Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/03/2026 |  | Waived-Required Affiliated Business Disclosure Missing ------ Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/03/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 705<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 43.89<br>Months Reserves exceed minimum required - 22.96mos reserves. Per guides, no reserves required<br>LTV is less than guideline maximum - Required is 75 Borrower has 66.15 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120946 | XXXX | XXXX D B A | Closed | XXXX | 2026-04-03 10:03 | 2026-04-03 13:07 | Waived | 2 - Non-Material B | Compliance | Disclosure | Incorrect ROR Form Type selected | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/03/2026 |  | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/03/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 705<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 43.89<br>Months Reserves exceed minimum required - 22.96mos reserves. Per guides, no reserves required<br>LTV is less than guideline maximum - Required is 75 Borrower has 66.15 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120939 | XXXX | XXXX C A | Closed | XXXX | 2026-04-10 09:24 | 2026-04-16 12:39 | Resolved | 1 - Information C A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-04/16/2026 <br> Ready for Review-Document Uploaded. Uploaded. See PCCD. - Seller-04/16/2026 <br> Open-This loan failed the TILA right of rescission test.Closed-end XXXX) , transferred from XXXX, Open-end XXXX) , transferred from XXXX)The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by XXXX, or delivery of all material disclosures, whichever occurs last. ----- The Cancel of Date on the Right to Cancel doc is XXXX and is less than three days from the closing date of 03/31/2026. Three days of Rescission was not provided to borrower. Provide evidence that rescission was re-opened for a full three days. - Due Diligence Vendor-04/10/2026 | Ready for Review-Document Uploaded. Uploaded. See PCCD. - Seller-04/16/2026<br>| Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-04/16/2026 | Months Reserves exceed minimum required - Reserves required 4 and verified 7<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 720 |  | Post_CD_XXXX.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX |
| XXXX |  | 4350120940 | XXXX | XXXX C A | Closed | XXXX | 2026-04-10 05:55 | 2026-04-16 12:21 | Resolved | 1 - Information C A | Compliance | TRID | Initial Closing Disclosure Delivery Date and Changed Circumstances Date Test | Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-04/16/2026 <br> Ready for Review-Document Uploaded. Please see the PCCD - Seller-0XXXX/2026 <br> Open-This loan failed the initial closing disclosure delivery date and changed circumstances date test. (12 CFR §1026.19(e)(3)(iv)(A) - (C), (E), (F) , and (D) as amended in 2015 , and 12 CFR §1026.19(e)(4)(i))The initial closing disclosure delivery date is either:Later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor receives information sufficient to establish that a changed circumstance has occurred; orBefore the creditor receives information sufficient to establish that a changed circumstance has occurred.This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.2(a)(6) and as it relates to §1026.19(e)(4)(i) (revised loan estimate disclosure) and §1026.19(e)(4)(ii) (relationship to closing disclosure). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneIf a creditor uses a revised estimate for the purpose of determining good faith for the zero tolerance and 10% tolerance categories under §1026.19(e)(3)(i) and (ii), the creditor shall provide a revised version of the disclosures required under §1026.19(e)(1)(i) reflecting the revised estimate either:Within three business days of receiving information sufficient to establish that one of the reasons for revision provided under §1026.19(e)(3)(iv)(A) through (C), (E) and (F) applies; orNo later than three business days after the date the interest rate is locked, for revision provided under §1026.19(e)(3)(iv)(D). The revised version of the disclosures required under §1026.19(e)(1)(i) shall contain the revised interest rate, the points disclosed pursuant to §1026.37(f)(1), lender credits, and any other interest rate dependent charges and terms.Official Interpretations12 C.F.R. §1026.19(e)(4)(ii)Relationship to disclosures required under §1026.19(f)(1)(i).Revised disclosures may not be delivered at the same time as the Closing Disclosure. §1026.19(e)(4)(ii) prohibits a creditor from providing a revised version of the disclosures required under §1026.19(e)(1)(i) on or after the date on which the creditor provides the disclosures required under §1026.19(f)(1)(i)...However, if a creditor uses a revised estimate pursuant to § 1026.19(e)(3)(iv) for the purpose of determining good faith under § 1026.19(e)(3)(i) and (ii), § 1026.19(e)(4)(i) permits the creditor to provide the revised estimate in the disclosures required under § 1026.19(f)(1)(i) (including any corrected disclosures provided under § 1026.19(f)(2)(i) or (ii)). -----Initial CD receipt date of XXXX is less than three business days prior to closing date of XXXX. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-04/10/2026 | Ready for Review-Document Uploaded. Please see the PCCD - Seller-0XXXX/2026<br>| Resolved-Received PCCD 0XXXX/206. Finding Resolved. - Due Diligence Vendor-04/16/2026<br>| Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 18.17<br>LTV is less than guideline maximum - Required is 75 Borrower has 45.85<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 771 |  | Post_CD_XXXX.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120929 | XXXX | XXXX C A | Closed | XXXX | 2026-04-13 15:07 | 2026-04-24 13:32 | Resolved | 1 - Information C A | Credit | Income/Employment | Income/Employment General | Resolved-Received corrected final 1003 - Due Diligence Vendor-04/24/2026 <br> Ready for Review-Document Uploaded. 1003 was updated previously. Please see the updated 1003 - Seller-04/22/2026 <br> Counter-Internet print out provided however the Phone Number listed on the Internet does not match the Phone Number the borrow stated on the 1003 loan application. - Due Diligence Vendor-04/17/2026 <br> Ready for Review-Document Uploaded. Please see the google search result.<br>XXXX - Seller-0XXXX/2026 <br> Open-Missing verification of business phone number via Google Search, 411.com or internet. - Due Diligence Vendor-04/13/2026 | Ready for Review-Document Uploaded. 1003 was updated previously. Please see the updated 1003 - Seller-04/22/2026 <br> Ready for Review-Document Uploaded. Please see the google search result.<br>XXXX - Seller-0XXXX/2026 | Resolved-Received corrected final 1003 - Due Diligence Vendor-04/24/2026<br>| LTV is less than guideline maximum - Required is 80 Borrower has 57.94<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 758<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 43.5 |  | XXXX - Google Search.pdf<br> XXXX-XXXX-XXX.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX |
| XXXX |  | 4350120936 | XXXX | XXXX C B A | Closed | XXXX | 2026-04-13 11:29 | 2026-04-14 10:28 | Waived | 2 - Non-Material C B | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Waived-Waiver to non-material, loan has full appraisal and escrows. - Due Diligence Vendor-04/14/2026 <br>Open-This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-04/13/2026 |  | Waived-Waiver to non-material, loan has full appraisal and escrows. - Due Diligence Vendor-04/14/2026<br>| Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 43.02<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 751 |  |  | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120936 | XXXX | XXXX C B A | Closed | XXXX | 2026-04-13 10:26 | 2026-04-13 11:46 | Waived | 2 - Non-Material B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/13/2026 |  | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/13/2026<br>| Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 43.02<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 751 |  |  | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120928 | XXXX | XXXX A |  | XXXX |  |  |  | A |  |  |  |  |  |  |  |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other |  |  | XXXX |
| XXXX |  | 4350120938 | XXXX | XXXX A |  | XXXX |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated |  |  | XXXX |
| XXXX |  | 4350120932 | XXXX | XXXX A |  | XXXX |  |  |  | A |  |  |  |  |  |  |  |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other |  |  | XXXX |
| XXXX |  | 4350120937 | XXXX | XXXX A |  | XXXX |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated |  |  | XXXX |
| XXXX |  | 4350120935 | XXXX | XXXX D B A | Closed | XXXX | 2026-04-15 20:40 | 2026-04-20 12:40 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received Enrolled agent letter and license validation. - Due Diligence Vendor-04/20/2026 <br>Ready for Review-Document Uploaded. Uploaded.. See CPA License Validation. - Seller-04/16/2026 <br>Open-Borrower 1 CPA Letter Missing •CPA Letter provided however, missing CPA validation documentation, as guidelines require that the most recent 12 month P&L statement be prepared by a CPA or licensed tax preparer firm. Additionally Documents prepared by PTINs are not acceptable. - Due Diligence Vendor-04/16/2026 | Ready for Review-Document Uploaded. Uploaded.. See CPA License Validation. - Seller-04/16/2026<br>| Resolved-Received Enrolled agent letter and license validation. - Due Diligence Vendor-04/20/2026<br>| Months Reserves exceed minimum required - 4 months required - have 24 months<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 20.62 |  | CPA LICENSE VALIDATION.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120935 | XXXX | XXXX D B A | Closed | XXXX | 2026-04-14 16:53 | 2026-04-14 17:18 | Waived | 2 - Non-Material B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing ----- Originator waiver applied to non-material Findings.<br> - Due Diligence Vendor-04/14/2026 |  | Waived-Required Affiliated Business Disclosure Missing ----- Originator waiver applied to non-material Findings.<br> - Due Diligence Vendor-04/14/2026<br>| Months Reserves exceed minimum required - 4 months required - have 24 months<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 20.62 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120934 | XXXX | XXXX D A | Closed | XXXX | 2026-04-15 11:07 | 2026-04-17 14:53 | Resolved | 1 - Information D A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Upon further review, XXXX is not required to removed as it is being paid through the annual taxes. - Due Diligence Vendor-04/17/2026 <br> Ready for Review-Document Uploaded. Items #7 and #8 refer to a Notice of Special Tax Lien (XXXX), and we have already included and calculated it in the tax assessment. Items #12 and #13 are related to the seller's mortgage and will not appear on the final policy.<br> Please review again and update the condition. Thank you - Seller-04/16/2026 <br> Open-Title Document is Incomplete Title Document is Incomplete. Missing copy of the Title Supplement to reflect #7,#8,#12 and #13 have been omitted. - Due Diligence Vendor-0XXXX/2026 | Ready for Review-Document Uploaded. Items #7 and #8 refer to a Notice of Special Tax Lien (XXXX), and we have already included and calculated it in the tax assessment. Items #12 and #13 are related to the seller's mortgage and will not appear on the final policy.<br> Please review again and update the condition. Thank you - Seller-04/16/2026 | Resolved-Upon further review, XXXX-XXXX is not required to removed as it is being paid through the annual taxes. - Due Diligence Vendor-04/17/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 702<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 2.27 |  | TITLE SUPPLEMENT #7, #8.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX |
| XXXX |  | 4350120934 | XXXX | XXXX D A | Closed | XXXX | 2026-04-15 06:36 | 2026-04-17 14:17 | Resolved | 1 - Information C A | Credit | Income/Employment | Income 1 Months Income Verified is Missing | Resolved-Received CDA letter stating that the nature of the business, a dedicated business phone number is not required, - Due Diligence Vendor-04/17/2026 <br>Ready for Review-Document Uploaded. CPA Verified the borrower's nature or business and confirmed the business phone number is not required to be listed for he type of business being operated by the borrower.<br> This CPA letter has been already submitted. Please review and update the condition. - Seller-0XXXX/2026 <br>Open-Income 1 Months Income Verified is Missing. Business Bank Statement program requires a business number search. Missing the business phone number verified with via Google Search, 411.com or internet. - Due Diligence Vendor-0XXXX/2026 | Ready for Review-Document Uploaded. CPA Verified the borrower's nature or business and confirmed the business phone number is not required to be listed for he type of business being operated by the borrower.<br> This CPA letter has been already submitted. Please review and update the condition. - Seller-0XXXX/2026<br>| Resolved-Received CDA letter stating that the nature of the business, a dedicated business phone number is not required, - Due Diligence Vendor-04/17/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 702<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 2.27 |  | busienss phone number.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX |
| XXXX |  | 4350120933 | XXXX | XXXX D A | Closed | XXXX | 2026-04-15 19:30 | 2026-04-22 17:25 | Resolved | 1 - Information C A | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Resolved-Cash Out Meets Guideline Requirements - Due Diligence Vendor-04/22/2026 <br> Ready for Review-Document Uploaded. I have attached the updated loan approval. At the approved stage prior to Clear-to-Doc, this file was classified as RED 3; however, at the Clear-to-Doc stage, it was changed to a RED 1 file.<br> Please review this again and assist with removing the condition. Thank you. - Seller-04/21/2026 <br> Counter-Received rebuttal for different program. Review note: loan approval states RED 3 with max cash out $XXXX. Finding remains. - Due Diligence Vendor-04/20/2026 <br> Ready for Review-The current condition states that the transaction does not meet guideline requirements due to exceeding the $XXXX maximum cash-out when the LTV is greater than 60%, referencing RED3 guidelines. However, this loan is under the RED1 program, not RED3.<br>Per RED1 program guidelines, the XXXX cash-out limitation does not apply. Therefore, the cited condition appears to have been incorrectly applied based on RED3 criteria.<br>Given that this loan is correctly structured under RED1, we respectfully request that this condition be removed or revised accordingly. - Seller-04/19/2026 <br> Counter-Approval provided in the loan package reflect RED3. Finding remains. - Due Diligence Vendor-04/17/2026 <br> Ready for Review-Document Uploaded. Only the RED3 file has the guideline requirement stating a maximum cash-out of $XXXX. This loan is under the RED program and is not subject to this guideline requirement.<br> Please review the attached highlighted guideline and update the condition accordingly. - Seller-04/16/2026 <br> Open-Cash Out Does Not Meet Guideline Requirements max cash out is $XXXX when the LTV is greater than 60%, borrower received back $XXXX - Due Diligence Vendor-0XXXX/2026 | Ready for Review-Document Uploaded. I have attached the updated loan approval. At the approved stage prior to Clear-to-Doc, this file was classified as RED 3; however, at the Clear-to-Doc stage, it was changed to a RED 1 file.<br> Please review this again and assist with removing the condition. Thank you. - Seller-04/21/2026 <br> Ready for Review-The current condition states that the transaction does not meet guideline requirements due to exceeding the $XXXX maximum cash-out when the LTV is greater than 60%, referencing RED3 guidelines. However, this loan is under the RED1 program, not RED3.<br>Per RED1 program guidelines, the $XXXX cash-out limitation does not apply. Therefore, the cited condition appears to have been incorrectly applied based on RED3 criteria.<br>Given that this loan is correctly structured under RED1, we respectfully request that this condition be removed or revised accordingly. - Seller-04/19/2026 <br> Ready for Review-Document Uploaded. Only the RED3 file has the guideline requirement stating a maximum cash-out of $XXXX. This loan is under the RED program and is not subject to this guideline requirement.<br> Please review the attached highlighted guideline and update the condition accordingly. - Seller-04/16/2026 | Resolved-Cash Out Meets Guideline Requirements - Due Diligence Vendor-04/22/2026<br>| Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 44.47<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 798 |  | XXXX.pdf<br> approval update.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120933 | XXXX | XXXX D A | Closed | XXXX | 2026-04-15 19:19 | 2026-04-17 16:43 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CPA state due to the nature of the business, a google phone number is not required. - Due Diligence Vendor-04/17/2026 <br>Ready for Review-Document Uploaded. CPA letter shows 'the nature of his business, a google phone number is not required'. Please review and help clear the condition. Thank you! - Seller-04/16/2026 <br>Open-Borrower 1 CPA Letter Missing Two years self-employment required and Business phone number verification via Google Search, 411.com or internet is required. Otherwise, CPA must verify the borrower's nature of business and confirm that the business phone number is not required for the type of business being operated by the borrower. CPA letter does not address the business phone number. - Due Diligence Vendor-0XXXX/2026 | Ready for Review-Document Uploaded. CPA letter shows 'the nature of his business, a google phone number is not required'. Please review and help clear the condition. Thank you! - Seller-04/16/2026<br>| Resolved-Received CPA state due to the nature of the business, a google phone number is not required. - Due Diligence Vendor-04/17/2026<br>| Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 44.47<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 798 |  | Revised CPA Letter.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120948 | XXXX | XXXX D A C | Closed | XXXX | 2026-04-16 22:46 | 2026-06-03 09:41 | Resolved | 1 - Information D A | Property | Missing Doc | Appraisal is Missing | Resolved-Received appraisal. - Due Diligence Vendor-04/27/2026 <br> Ready for Review-Document Uploaded. Please see the appraisal report - Seller-04/23/2026 <br> Open-Appraisal is Missing Appraisal missing. Provide appraisal dated XXXX for $XXXX by appraiser XXXX [to match desk review in file](The appraisal in the file is not for the subject address). - Due Diligence Vendor-04/17/2026 | Ready for Review-Document Uploaded. Please see the appraisal report - Seller-04/23/2026<br>| Resolved-Received appraisal. - Due Diligence Vendor-04/27/2026<br>| Credit history exceeds minimum required - Credit history exceeds the minimum requirement of at least two tradelines reporting within the past 24 months, with documented activity in the last 12 months<br>Months Reserves exceed minimum required - 4 months required - have 9.45 months<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.95 |  | XXXX-V5.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120948 | XXXX | XXXX D A C | Closed | XXXX | 2026-04-16 08:10 | 2026-04-30 13:04 | Resolved | 1 - Information C A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Received request to remove incorrect initial LE. Finding Resolved. - Due Diligence Vendor-04/30/2026 <br> Ready for Review-Please disregard the initial LE with the loan amount of $XXXX<br> - Seller-04/28/2026 <br> Counter-We have 2 initial LE's dated XXXX, one shows a loan amount of $XXXX with no recording fees on it, one shows a loan amount of $XXXX with recording fees. Please provide a COC for the added fee. - Due Diligence Vendor-04/27/2026 <br> Ready for Review-Initial and locked LE recording fees are states as $XXXX and the ICD and FCD went down to $XXXX.<br> Could you please clarify where the increase is? - Seller-04/23/2026 <br> Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($XXXX) exceed the comparable charges ($0.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Recording Fee) increased by $XXXX without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-04/16/2026 | Ready for Review-Please disregard the initial LE with the loan amount of $XXXX<br> - Seller-04/28/2026 <br> Ready for Review-Initial and locked LE recording fees are states as $XXXX and the ICD and FCD went down to $XXXX.<br> Could you please clarify where the increase is? - Seller-04/23/2026 | Resolved-Received request to remove incorrect initial LE. Finding Resolved. - Due Diligence Vendor-04/30/2026<br>| Credit history exceeds minimum required - Credit history exceeds the minimum requirement of at least two tradelines reporting within the past 24 months, with documented activity in the last 12 months<br>Months Reserves exceed minimum required - 4 months required - have 9.45 months<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.95 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120948 | XXXX | XXXX D A C | Closed | XXXX | 2026-04-16 23:10 | 2026-04-27 11:48 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CTEC license validation. - Due Diligence Vendor-04/27/2026 <br>Ready for Review-Document Uploaded. Please see the CTEC search result. - Seller-04/23/2026 <br>Open-Borrower 1 CPA Letter Missing • CPA Letter provided however, missing CPA validation documentation, as guidelines require that the most recent 12 month P&L statement be prepared by a CPA or licensed tax preparer firm. Additionally Documents prepared by PTINs are not acceptable. - Due Diligence Vendor-04/17/2026 | Ready for Review-Document Uploaded. Please see the XXXX search result. - Seller-04/23/2026 | Resolved-Received XXXX license validation. - Due Diligence Vendor-04/27/2026 | Credit history exceeds minimum required - Credit history exceeds the minimum requirement of at least two tradelines reporting within the past 24 months, with documented activity in the last 12 months<br>Months Reserves exceed minimum required - 4 months required - have 9.45 months<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.95 |  | Find or Verify a California Tax Preparer _ CTEC.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120948 | XXXX | XXXX D A C | Closed | XXXX | 2026-04-16 08:10 | 2026-04-27 10:23 | Resolved | 1 - Information C A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD 04/23/2026. Finding Resolved. - Due Diligence Vendor-04/27/2026 <br>Ready for Review-Document Uploaded. Please see the PCCD - Seller-04/23/2026 <br>Open-This loan failed the TILA right of rescission test.Closed-end XXXX) , transferred from XXXX, Open-end XXXX) , transferred from XXXX)The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by XXXX, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-04/16/2026 | Ready for Review-Document Uploaded. Please see the PCCD - Seller-04/23/2026<br>| Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-04/27/2026 | Credit history exceeds minimum required - Credit history exceeds the minimum requirement of at least two tradelines reporting within the past 24 months, with documented activity in the last 12 months<br>Months Reserves exceed minimum required - 4 months required - have 9.45 months<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.95 |  | Post_CD_XXXX.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120948 | XXXX | XXXX D A C | Closed | XXXX | 2026-04-17 05:31 | 2026-04-17 09:21 | Resolved | 1 - Information C A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is sufficient based on the type of subject lien - Due Diligence Vendor-04/17/2026 <br> Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Title coverage does not include the subordinate lien. - Due Diligence Vendor-04/17/2026 |  | Resolved-Title Coverage Amount of $XXXX is sufficient based on the type of subject lien - Due Diligence Vendor-04/17/2026 | Credit history exceeds minimum required - Credit history exceeds the minimum requirement of at least two tradelines reporting within the past 24 months, with documented activity in the last 12 months<br>Months Reserves exceed minimum required - 4 months required - have 9.45 months<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.95 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120931 | XXXX | XXXX D A | Closed | XXXX | 2026-04-20 11:49 | 2026-04-22 11:30 | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Risk Score over 800 - Alerts will not be cleared. However - there is UW Management review and Approval in file for Risk Score > 800 - Due Diligence Vendor-04/22/2026 <br> Counter-Client Comments - This is part of the XXXX culture regarding family names. In XXXX culture, certain family names are extremely common; for example, XXXX is the second most common surname. Much like the surname XXXX, sharing this last name does not indicate a familial relationship. - AUDIT Response - All variances noted on the Fraud report must be reviewed and mitigated with comments and supporting documentation, if necessary, before the final clear to close can be issued. Clearing Variances on Fraud Report: Underwriters must note how they mitigated the Moderate and High Risk Variances on the Fraud report by making notes on the report. Supporting documentation should be included in file before the final clear to close be issued. - Due Diligence Vendor-04/21/2026 <br> Open-Fraud Report Shows Uncleared Alerts Fraud report reflects a high alert for suspicious sale. Borrower and loan officer have the same last name. No documentation provided to support the alert has been cleared. - Due Diligence Vendor-04/20/2026 |  | Resolved-Risk Score over 800 - Alerts will not be cleared. However - there is UW Management review and Approval in file for Risk Score > 800 - Due Diligence Vendor-04/22/2026<br>| Verified employment history exceeds guidelines - 48 months verified employment per the WVOR.<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 739 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX |
| XXXX |  | 4350120931 | XXXX | XXXX D A | Closed | XXXX | 2026-04-20 10:18 | 2026-04-22 11:28 | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Gap Credit Report - new inquiries are from same broker as original credit report - Due Diligence Vendor-04/22/2026 <br>Ready for Review-Document Uploaded. - Seller-04/21/2026 <br>Open-Borrower 1 Gap Credit Report is Missing Missing the required GAP credit report within 10 days of the note date(XXXX). - Due Diligence Vendor-04/20/2026 | Ready for Review-Document Uploaded. - Seller-04/21/2026<br>| Resolved-Received Gap Credit Report - new inquiries are from same broker as original credit report - Due Diligence Vendor-04/22/2026<br>| Verified employment history exceeds guidelines - 48 months verified employment per the WVOR.<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 739 |  | Credit_Report_XXXX.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX |
| XXXX |  | 4350120930 | XXXX | XXXX C B A | Closed | XXXX | 2026-04-17 18:18 | 2026-04-23 08:29 | Resolved | 1 - Information C A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Borrower 1 Gap Credit Report is not expired. - Due Diligence Vendor-04/23/2026 <br> Ready for Review-Document Uploaded. Hello team, <br>We have reviewed the gap credit report gain we have provided but end of report date shows XXXX which is prior to the disbursement date (funded date) XXXX at the bottom of the report. <br>Please clear this condition based on it. <br> - Seller-04/23/2026 <br> Counter-Review is unable to exclude Sunday in gap credit dates. Gap credit report XXXX, provided 11 days prior to close (>10days from Note XXXX). - Due Diligence Vendor-04/22/2026 <br> Ready for Review-The Gap Credit Report was provided 10 days prior to close, excluding Sunday. Given this, could you kindly review the timing and consider removing this condition? - Seller-04/20/2026 <br> Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Gap credit report XXXX, provided 11 days prior to close (>10days from Note XXXX). - Due Diligence Vendor-04/17/2026 | Ready for Review-Document Uploaded. Hello team, <br>We have reviewed the gap credit report gain we have provided but end of report date shows XXXX which is prior to the disbursement date (funded date) XXXX at the bottom of the report. <br>Please clear this condition based on it. <br> - Seller-04/23/2026 <br> Ready for Review-The Gap Credit Report was provided 10 days prior to close, excluding Sunday. Given this, could you kindly review the timing and consider removing this condition? - Seller-04/20/2026 | Resolved-Borrower 1 Gap Credit Report is not expired. - Due Diligence Vendor-04/23/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 736<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 31.32<br>LTV is less than guideline maximum - Required is 75 Borrower has 50 |  | CREDIT REFRESH.pdf<br> Screenshot XXXX.png | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX |  | 4350120930 | XXXX | XXXX C B A | Closed | XXXX | 2026-04-17 12:53 | 2026-04-17 12:53 | Waived | 2 - Non-Material B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.<br> - Due Diligence Vendor-04/17/2026 |  | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.<br> - Due Diligence Vendor-04/17/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 736<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 31.32<br>LTV is less than guideline maximum - Required is 75 Borrower has 50 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120952 | XXXX | XXXX B A | Closed | XXXX | 2026-04-20 11:03 | 2026-04-20 11:03 | Waived | 2 - Non-Material B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.<br> - Due Diligence Vendor-04/20/2026 |  | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.<br> - Due Diligence Vendor-04/20/2026<br>| Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 34.33<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 751<br>LTV is less than guideline maximum - Required is 75 Borrower has 46.49 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120949 | XXXX | XXXX C B A | Closed | XXXX | 2026-04-20 11:06 | 2026-04-23 12:58 | Resolved | 1 - Information C A | Credit | Closing | Security Instrument Date is greater than current date | Resolved-Per CD and PCCD - Closing Date is XXXX - matching Notary Date - Due Diligence Vendor-04/23/2026 <br> Open-Security Instrument Date is greater than the transaction date XXXX Notary date of XXXX is prior to the closing date of XXXX. - Due Diligence Vendor-04/20/2026 |  | Resolved-Per CD and PCCD - Closing Date is XXXX - matching Notary Date - Due Diligence Vendor-04/23/2026 | Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 755<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 33.25 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX |
| XXXX |  | 4350120949 | XXXX | XXXX C B A | Closed | XXXX | 2026-04-20 14:55 | 2026-04-20 14:55 | Waived | 2 - Non-Material B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/20/2026 |  | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/20/2026<br>| Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 755<br>Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 33.25 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | No | XXXX |
| XXXX |  | 4350120951 | XXXX | XXXX C A | Closed | XXXX | 2026-04-24 20:35 | 2026-04-29 12:25 | Resolved | 1 - Information C A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Received prior policy. - Due Diligence Vendor-04/29/2026 <br> Ready for Review-Document Uploaded. Uploaded. See Hazard Insurance previous - current. - Seller-04/27/2026 <br> Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-04/25/2026 | Ready for Review-Document Uploaded. Uploaded. See Hazard Insurance previous - current. - Seller-04/27/2026<br>| Resolved-Received prior policy. - Due Diligence Vendor-04/29/2026<br>| Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 30.1<br>LTV is less than guideline maximum - Required is 75 Borrower has 66.34<br>Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 723 |  | Hazard Insurance - previous to current.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX |
| XXXX |  | 4350120950 | XXXX | XXXX A |  | XXXX |  |  |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Purchase | NA |  |  | XXXX |
| XXXX |  | 4350120947 | XXXX | XXXX A |  | XXXX |  |  |  | A |  |  |  |  |  |  |  |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Second Home | Refinance | No Cash Out - Borrower Initiated |  |  | XXXX |

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## Exhibit 99.9

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.9**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Seller Loan ID** | **Deal ID** | **Investor Loan ID** | **Mapped ID** | **Original Loan Amount** |
| XXXX |  | 4350120941 | XXXX | XXXX | XXXX A |
| XXXX |  | 4350120943 | XXXX | XXXX | XXXX C A |
| XXXX |  | 4350120942 | XXXX | XXXX | XXXX C B A |
| XXXX |  | 4350120944 | XXXX | XXXX | XXXX C A B |
| XXXX |  | 4350120945 | XXXX | XXXX | XXXX D A |
| XXXX |  | 4350120946 | XXXX | XXXX | XXXX D B A |
| XXXX |  | 4350120939 | XXXX | XXXX | XXXX A C |
| XXXX |  | 4350120940 | XXXX | XXXX | XXXX A C |
| XXXX |  | 4350120929 | XXXX | XXXX | XXXX C A |
| XXXX |  | 4350120936 | XXXX | XXXX | XXXX A C B |
| XXXX |  | 4350120928 | XXXX | XXXX | XXXX A |
| XXXX |  | 4350120938 | XXXX | XXXX | XXXX A |
| XXXX |  | 4350120932 | XXXX | XXXX | XXXX A |
| XXXX |  | 4350120937 | XXXX | XXXX | XXXX A |
| XXXX |  | 4350120935 | XXXX | XXXX | XXXX D B A |
| XXXX |  | 4350120934 | XXXX | XXXX | XXXX D A |
| XXXX |  | 4350120933 | XXXX | XXXX | XXXX D A |
| XXXX |  | 4350120948 | XXXX | XXXX | XXXX D C A |
| XXXX |  | 4350120931 | XXXX | XXXX | XXXX D A |
| XXXX |  | 4350120930 | XXXX | XXXX | XXXX C B A |
| XXXX |  | 4350120952 | XXXX | XXXX | XXXX A B |
| XXXX |  | 4350120949 | XXXX | XXXX | XXXX C B A |
| XXXX |  | 4350120951 | XXXX | XXXX | XXXX C A |
| XXXX |  | 4350120950 | XXXX | XXXX | XXXX A |
| XXXX |  | 4350120947 | XXXX | XXXX | XXXX A |

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## Exhibit 99.10

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.10**

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Seller Loan ID** | **Investor Loan ID** | **Deal ID** | **Mapped ID** | **Transaction ID** | **Field Name** | **Source** | **Verified Value** | **Bid Tape Value** | **Comment** |
| XXXX |  | XXXX | 4350120941 | XXXX | XXXX | Closing/Settlement Date | closingDetailsNonCompliancePage | XXXX | XXXX | per CD |
| XXXX |  | XXXX | 4350120941 | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 26 | 33.11 | Lender used higher total debts than verified |
| XXXX |  | XXXX | 4350120943 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per Final CD |
| XXXX |  | XXXX | 4350120942 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | per final cd |
| XXXX |  | XXXX | 4350120944 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | per final cd |
| XXXX |  | XXXX | 4350120945 | XXXX | XXXX | Borrower 1 First Name | notePage | XXXX | XXXX | Per note |
| XXXX |  | XXXX | 4350120945 | XXXX | XXXX | Closing/Settlement Date | closingDetailsNonCompliancePage | XXXX | XXXX | Per CD |
| XXXX |  | XXXX | 4350120945 | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 37.99 | 45.87 | Due to lender counting primary payment against borrower twice |
| XXXX |  | XXXX | 4350120946 | XXXX | XXXX | Qualifying CLTV | propertyValuationPage | 66.15 | 69.97 |  |
| XXXX |  | XXXX | 4350120946 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | per executed final CD |
| XXXX |  | XXXX | 4350120946 | XXXX | XXXX | Cash Disbursement Date | finalCdDetailPage | XXXX | XXXX | per executed final CD |
| XXXX |  | XXXX | 4350120939 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per Final CD |
| XXXX |  | XXXX | 4350120940 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per Final CD |
| XXXX |  | XXXX | 4350120929 | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Per Note |
| XXXX |  | XXXX | 4350120929 | XXXX | XXXX | Cash Disbursement Date | closingDetailsNonCompliancePage | XXXX | XXXX | Per Note |
| XXXX |  | XXXX | 4350120929 | XXXX | XXXX | Closing/Settlement Date | closingDetailsNonCompliancePage | XXXX | XXXX | Per Final CD |
| XXXX |  | XXXX | 4350120936 | XXXX | XXXX | Cash Disbursement Date | finalCdDetailPage | XXXX | XXXX | Per final CD |
| XXXX |  | XXXX | 4350120936 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per final CD |
| XXXX |  | XXXX | 4350120938 | XXXX | XXXX | Closing/Settlement Date | closingDetailsNonCompliancePage | XXXX | XXXX | Per Final CD |
| XXXX |  | XXXX | 4350120932 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per PCCD |
| XXXX |  | XXXX | 4350120937 | XXXX | XXXX | Closing/Settlement Date | closingDetailsNonCompliancePage | XXXX | XXXX | Per final CD |
| XXXX |  | XXXX | 4350120937 | XXXX | XXXX | Cash Disbursement Date | closingDetailsNonCompliancePage | XXXX | XXXX | Per final CD |
| XXXX |  | XXXX | 4350120935 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per Final CD |
| XXXX |  | XXXX | 4350120934 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per PC CD |
| XXXX |  | XXXX | 4350120933 | XXXX | XXXX | Closing/Settlement Date | closingDetailsNonCompliancePage | XXXX | XXXX | Per Final CD |
| XXXX |  | XXXX | 4350120948 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per Final CD |
| XXXX |  | XXXX | 4350120931 | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Per Note |
| XXXX |  | XXXX | 4350120931 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per PCCD |
| XXXX |  | XXXX | 4350120930 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per final cd |
| XXXX |  | XXXX | 4350120952 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | per CD |
| XXXX |  | XXXX | 4350120949 | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Per Note. |
| XXXX |  | XXXX | 4350120949 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | Per PCCD. |
| XXXX |  | XXXX | 4350120951 | XXXX | XXXX | Cash Disbursement Date | closingDetailsNonCompliancePage | XXXX | XXXX | per cd |
| XXXX |  | XXXX | 4350120951 | XXXX | XXXX | Closing/Settlement Date | closingDetailsNonCompliancePage | XXXX | XXXX | per cd |
| XXXX |  | XXXX | 4350120947 | XXXX | XXXX | Closing/Settlement Date | finalCdDetailPage | XXXX | XXXX | PER PCCD |

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## Exhibit 99.11

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.11**

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Seller Loan ID** | **Deal ID** | **Investor Loan ID** | **Mapped ID** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Total Adjusted Prior Purchase Price** | **Primary Appraised Value** | **Primary Appraisal Date** | **Primary Appraisal Type** | **Primary Appraisal Company** | **Primary Appraiser Name** | **Primary Appraiser License Number** | **Value for LTV** | **LTV** | **CLTV** | **Loan Reviewed Property Value** | **Loan Reviewed Variance Amount** | **Loan Reviewed Variance Percent** | **Loan Reviewed Product Type** | **Loan Post-Close Reviewed Property Value** | **Loan Post-Close Reviewed Variance Amount** | **Loan Post-Close Reviewed Variance Percent** | **Loan Post-Close Reviewed Product Type** | **Second Appraisal Value** | **Second Appraisal Variance Amount** | **Second Appraisal Variance Percent** | **Second Appraisal Date** | **Second Appraisal Type** | **AVM Appraised Value** | **AVM Variance Amount** | **AVM Variance Percent** | **AVM Confidence Score** | **FSD Score** | **AVM Company Name** | **AVM Product Name** | **AVM Appraisal Date** | **Desk Review Appraised Value** | **Desk Review Variance Amount** | **Desk Review Variance Percent** | **Desk Review Company** | **Desk Review Risk Score** | **Desk Review Appraisal Date** | **Desk Top Appraised Value** | **Desk Top Variance Amount** | **Desk Top Variance Percent** | **Desk Top Company** | **Desk Top Appraisal Date** | **BPO Appraised Value** | **BPO Variance Amount** | **BPO Variance Percent** | **BPO Company** | **BPO Appraisal Date** | **Field Review Appraised Value** | **Field Review Variance Amount** | **Field Review Variance Percent** | **Field Review Company** | **Field Review Appraisal Date** | **2055 Appraised Value** | **2055 Variance Amount** | **2055 Variance Percent** | **2055 Company** | **2055 Appraisal Date** | **AVE/CMA Appraised Value** | **AVE/CMA Variance Amount** | **AVE/CMA Variance Percent** | **AVE/CMA Company** | **AVE/CMA Appraisal Date** | **Completion Report (1004D) Date** | **Other Appraised Value** | **Other Variance Amount** | **Other Variance Percent** | **Other Appraisal Date** | **Updated Appraised Value** | **Updated Variance Amount** | **Updated Variance Percent** | **Updated Company** | **Updated Appraisal Date** | **Updated Appraisal Type** | **Loan Collateral Advisor Risk Score** | **Loan Collateral Advisor Risk Score Date** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score Date** |
| XXXX |  | 4350120941 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 60 | 60 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120943 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 39.1 | 39.1 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120942 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120944 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 60.5 | 60.5 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120945 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 55 | 55 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120946 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 66.2 | 66.2 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120939 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120940 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 45.9 | 45.9 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120929 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 57.9 | 57.9 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120936 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120928 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 36.5 | 36.5 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120938 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 55 | 55 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
| XXXX |  | 4350120932 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 58.6 | 58.6 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120937 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 69.5 | 69.5 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120935 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120934 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120933 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120948 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 77.4 | 80 | XXXX | XXXX | -0.0821 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.0821 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120931 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120930 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 50 | 50 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120952 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 46.5 | 46.5 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120949 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120951 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 66.3 | 68.4 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120950 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 68 | 68 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX |  | 4350120947 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | Clear Capital | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

## Exhibit 99.12

**Exhibit 99.12**

![](ex9912001.jpg)

![](ex9912002.jpg)

**June 09, 2026**<br> **Due Diligence Narrative Report**<br>

![](ex9912003.jpg)

**Table of Contents**

---

| | |
|:---|:---|
| **Clayton Contact Information** | **2** |
| **Overview** | **2** |
| **Originators** | **2** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Review scope | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Files Reviewed | 3 |
| **Clayton's Third Party Review ("TPR") Scope of Work** | **3** |
| &nbsp;&nbsp;&nbsp;Loan Grading | 3 |
| &nbsp;&nbsp;&nbsp;TPR Component Review Scope | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit Review | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property Valuation Review | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regulatory Compliance Review | 5 |
| &nbsp;&nbsp;&nbsp;Data Integrity | 7 |
| &nbsp;&nbsp;&nbsp;Data Capture | 7 |
| **Data Compare Results** | **7** |
| **Clayton Due Diligence Results** | **8** |
| **Clayton Third Party Reports Delivered** | **9** |
| **Appendix A: Credit Review Scope** | **10** |
| **Appendix B: Origination Appraisal Assessment** | **13** |
| **Appendix C: Regulatory Compliance Review Scope** | **16** |

---

COLT 2026-5 Due Diligence Narrative Report Page \| 1 June 09, 2026

![](ex9912003.jpg)

**Clayton Contact Information** 

Client Service Management:

---

| | | |
|:---|:---|:---|
| ![](ex9912004.jpg) | **Michael Santarsiere** | Client Service Director |
|  |  | Phone: (813) 371-0280/E-mail: <u>msantarsiere@clayton.com</u> |
| ![](ex9912004.jpg) | **Joe Ozment** | Vice President – Client Services & Securitization |
|  |  | Phone: (813) 261-0733/E-mail: <u>jozment@clayton.com</u> |

---

**Overview** 

On behalf of American Home Loans, Clayton Services LLC ("Clayton") conducted an independent third-party pre-securitization due diligence review of 8 residential loans.

Lone Star Residential Acquisitions, LLC subsequently purchased these loans via reliance letter and selected them for the COLT 2026-5 transaction. The loans referenced in this narrative report were reviewed on a flow loan basis between March 2026 and May 2026. This narrative report provides information about the scope of work performed by Clayton, and the results of Clayton's review.

**Originators** 

Origination channels for the loans in this review:

---

| | | |
|:---|:---|:---|
| **Origination Channel** | **Loan Count** | **Percentage** |
| Broker | 4 | 50.00% |
| Retail | 4 | 50.00% |
| **Total** | **8** | **100.00%** |

---

COLT 2026-5 Due Diligence Narrative Report Page \| 2 June 09, 2026

![](ex9912003.jpg)

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

---

| | |
|:---|:---|
| Review scope | # of Files Reviewed |
| &nbsp;&nbsp;Credit Review | &nbsp;&nbsp;8 |
| &nbsp;&nbsp;Property Valuation Review | &nbsp;&nbsp;8 |
| &nbsp;&nbsp;Regulatory Compliance Review | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Data Integrity Check | &nbsp;&nbsp;8  |

---

The scope of work for this transaction consisted of a credit review, property valuation review, regulatory compliance review and data integrity check.

Loan Grading

Each loan received an "initial" and a "final" grade. The "initial" grade was assigned during the initial loan review. The "final" grade takes into account additional information and supporting documentation that may have been provided by the originators to clear outstanding conditions. Clayton's loan grading is solely based on Clayton's independent assessment of all guideline exceptions and compensating factors for each of the component reviews. Clayton is providing a comprehensive loan-level analysis as part of this pre-securitization reporting package that includes initial grades, final grades and detailed commentary on the rationale for any changes in grades, and sets forth compensating factors and waivers.

Clayton's loan grading complied with rating agency grading definitions published by Moody's, Standard and Poor's, Fitch, Kroll, DBRS/Morningstar.

![](ex9912005.jpg)

COLT 2026-5 Due Diligence Narrative Report Page \| 3 June 09, 2026

![](ex9912003.jpg)

TPR Component Review Scope

Clayton examined the selected loan files with respect to the presence or absence of relevant documents, enforceability of mortgage loan documents, and accuracy and completeness of data fields. Clayton relied on the accuracy of information contained in the loan documentation provided to Clayton.

Credit Review

Clayton's Credit scope of review conducted on 8 loans on this transaction included the following elements (for more detail, please refer to <u>Appendix A</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Compared
 the loan documentation found in the loan file to the origination guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Re-calculated
 LTV, CLTV, income, liabilities, and debt-to-income ratios (DTI) and compared these against
 the stated seller origination guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Analyzed
 asset statements in order to determine that funds to close and reserves were within origination
 guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Confirmed
 that credit scores (FICO) and credit histories were within origination guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Evaluated
 for evidence of borrower's willingness and ability to repay the obligation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Examined
 income, employment, assets, and occupancy status for reasonability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Reviewed
 the occupancy, VOE and self/employed business documents within the loan file, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Listed
 the property type as Coop, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Reviewed
 for condo warranty documentation, as applicable;

Property Valuation Review

Clayton's Property Valuation scope of review conducted included the following elements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Original
 Appraisal Assessment (8 loans)

– Clayton reviewed the original appraisal provided to determine whether the original appraisal was complete, thorough and the original appraised value was reasonably supported.

– For more detail on the original appraisal review, please refer to <u>Appendix B</u> and to the guidelines cited above. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Value
 Supported Analysis (8 loans)

Clayton applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third party valuation product. Loans were held to a -10% tolerance utilizing the following waterfall:

● Desk Review

For further detail, please refer to the COLT 2026-5 valuation summary report.

COLT 2026-5 Due Diligence Narrative Report Page \| 4 June 09, 2026

![](ex9912003.jpg)

Regulatory Compliance Review

Clayton's regulatory compliance scope of review conducted on this transaction included the elements summarized below.

(For more detail, please refer to <u>Appendix C</u>.)

Clayton utilized its proprietary eCLAS engine for regulatory compliance testing.

The scope of the compliance review performed is summarized below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Tested
 for certain applicable federal, state and local high cost and/or anti-predatory laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Tested
 for state-specific consumer protection laws including late charge and prepayment penalty
 provisions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Truth-in-lending/regulation
 Z (TILA) testing included the following:

– Notice of Right to Cancel (Right of Rescission) adherence if applicable;

– TIL Disclosure Timing (3/7/3) and disclosure content;

– TIL APR and Finance charge tolerances;

– Timeliness of ARM Disclosures (if applicable);

– Section 32 APR and Points and Fees Thresholds and prohibited practices;

– Section 35 Higher Priced Mortgage Loans thresholds and applicable escrow and appraisal requirements;

– Prohibited Acts or Practices including Loan Originator compensation rules, NMLSR ID on documents, financing credit Insurance, mandatory arbitration clauses, and NegAm Counseling;

– Prepayment Penalty restrictions; and

QM/ATR Review: On applicable loans;, test compliance with applicable Qualified Mortgage (QM) and Ability to Repay (ATR) requirements defined under the Dodd-Frank Wall Street Reform and Consumer Protection Act as promulgated by the Consumer Financial Protection Bureau any loan subject to that regulation, as further described on <u>Appendix C</u> attached hereto.

TILA/RESPA Integrated Disclosure Scope ('Covered Loans' with an Application Date => 10/3/2015); SFA RMBS 3.0 TRID Compliance Review Scope as further described on <u>Appendix C</u> attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Real
 Estate Settlement Procedures Act (RESPA) laws and regulations testing included the following,
 for loans other than 'Covered Loans' and loans with an Application Date prior
 to 10/3/2015:

– GFE initial disclosure timing and content;

– Confirmed the file contains the final HUD1 Settlement Statement;

GFE to HUD1 evaluation for 0% and 10% fee tolerances;

– Homeownership Counseling Notice;

– Affiliated Business Disclosure if applicable.

OF NOTE: As of October 3, 2015 ("TRID Effective Date"), Clayton commenced testing applicable loans subject to the TRID Effective date against a TRID scope of review that was based on outside counsel's interpretations of the published regulations as of the TRID Effective Date. Clayton's scope was commercially reasonable as it relates to a Third Party Review ("TPR") firm's role as TPR conducting an independent third-party pre-securitization due diligence review ("Initial TRID Scope"). The Initial TRID Scope was created with guidance from outside counsel.

On, June 15th, 2016 SFA published its RMBS 3.0 TRID Compliance Review Scope© documentation, developed under the leadership of members from Third Party Review ("TPR") firms across the industry and SFA RMBS 3.0 Due Diligence, Data and Disclosure Working Group. The RMBS 3.0 TRID Compliance Review Scope was created with an aim to facilitate a uniform testing and risk identification standard as it would apply to an assignee, as a result of a consistent Truth-In-Lending Act liability interpretation according to the understanding of prevailing legal precedent and informal written guidance and webinars offered by the CFPB, as it applies to the Know Before You Owe / Truth In Lending Act ("TILA) – Real Estate Settlement Procedures Act ("RESPA") Integrated Disclosure ("TRID") Rule (78 FR 79730, as amended). RMBS 3.0 TRID Compliance Review Scope may be formally amended by the SFA RMBS 3.0 Due Diligence, Data and Disclosure Working Group as clarifying regulations may be promulgated on a go forward basis, as well as any binding judicial interpretations of the underlying law.

COLT 2026-5 Due Diligence Narrative Report Page \| 5 June 09, 2026

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Following the June 15<sup>th</sup> formal publication of the RMBS 3.0 TRID Compliance Review Scope©, Clayton reviewed prior testing results dating back to the TRID Effective Date, and applied the enhanced RMBS 3.0 TRID Compliance Review Scope to such loans upon the affirmative election by Lone Star Residential Acquisitions, LLC.

Clayton applied the enhanced RMBS 3.0 TRID Compliance Review Scope where applicable in this transaction.

**<u>Compliance Review (Business Purpose, Non-Owner Occupied)</u>**

Non-Owner Occupied Scope: Most consumer protection laws are designed to afford protection to borrowers who are entering into a loan that will be secured by their residence. For most high cost and higher-priced laws, as well as rescission, the only loans covered by the law are loans secured by the borrower's (or in the case of rescission a title holder's) principal residence. Most other consumer protection laws extend to a borrower's secondary residence, which under TILA and RESPA is a residence that they occupy at least 2 weeks during the year. Further, if the loan is for a business purpose it is often excluded from consumer protection laws regardless of occupancy, including TILA (whereas if it is secured by non-owner occupied but for a personal, family or household purpose it is more likely to be covered).

As of December 18, 2020, Clayton modified its system to not run regulatory compliance testing on business entities, including LLC's, unless there is also a co-borrower that is a natural person or a trust that is considered to be a "consumer" under TILA. Rather than migrating compliance findings to an A on such loans as was the previous process, going forward no compliance grades are assigned in these instances.

Therefore, the list of laws that Clayton tests that apply to a loan secured by non-owner occupied property for a business purpose is limited. Regulatory Compliance testing of Business Purpose Loans consists of the following:

State and Federal High Cost and Higher-Priced:

● Cook County High Cost Ordinance

● Chicago High Cost Ordinance

Clayton currently tests the Chicago and Cook County ordinances due to vague language around loans for a business purpose not related to the property. While the state of Illinois has similar language, Clayton's audit law firm determined that only principal residences should be tested for IL high cost.

Anti-predatory lending laws

● Virginia Lender and Broker Act after 6/1/2008

● Minnesota §58 on or after 8/1/2008

Prepayment Penalties and Late Charges in certain states

Taxpayer First Act: Consent to share IRS-provided tax information sent by the IRS on or after 12/28/2019.

National Flood Insurance Program for 1-4 unit residential properties (Transaction Date on or after 1/1/2016 for regulated lenders)

● Sufficiency of coverage

● Escrow of insurance payments

COLT 2026-5 Due Diligence Narrative Report Page \| 6 June 09, 2026

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Data Integrity

Clayton utilized its proprietary eCLAS tool to determine tape-to-file accuracy of 8 reviewed loans, by completing the following steps:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Tape
 data received from seller/client is stored in eCLAS;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Loan
 reviewer collects validated loan data in eCLAS;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Each
 received data point is compared to its counterpart collected data point;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Discrepancies
 found during comparison are stored;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Each
 discrepancy is reported in a Loan Level Tape Compare Upload.

Data Capture

Clayton collected data fields required to create the American Securitization Forum ("ASF") data disclosure requirements. The file format is provided as part of the pre-securitization reporting package. Additionally, Clayton captured rating agency required data points relating to ATR/QM determination as provided in the reporting package.

**Data Compare Results** 

Clayton provided Lone Star Residential Acquisitions, LLC with a copy of the Loan Level Tape Compare Upload that shows the differences between the data received from the sellers versus the data captured by Clayton during the loan review in relation to the 8 loans reviewed.

---

| | | |
|:---|:---|:---|
| **Field Name** | **# of Loans** | **% Accuracy** |
| DTI (Back) | 1 | 87.50% |
| Note Date | 2 | 75.00% |
| Representative Score | 1 | 87.50% |

---

COLT 2026-5 Due Diligence Narrative Report Page \| 7 June 09, 2026

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**Clayton Due Diligence Results** 

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

**<u>Initial and Final Overall Loan Grade Results</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** |
| | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** | | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 7 |  | 1 |  | **8** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **7** | **0** | **1** | **0** | **8** |

---

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

**<u>Initial and Final Credit Component Grade Results</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** |
| | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** | | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 7 |  | 1 |  | **8** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **7** | **0** | **1** | **0** | **8** |

---

**<u>Initial and Final Property Valuation Grade Results</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** |
| | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** | | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 8 |  |  |  | **8** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **8** | **0** | **0** | **0** | **8** |

---

COLT 2026-5 Due Diligence Narrative Report Page \| 8 June 09, 2026

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**<u>Initial and Final Regulatory Compliance Grade Results</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** |
| | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** | | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 2 |  |  |  | **2** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **2** | **0** | **0** | **0** | **2** |

---

\*Compliance results may not tie to total loan count based on business entity loans not being subject to a regulatory compliance review (6 loans in pool)

**Clayton Third Party Reports Delivered** 

Clayton furnished the following reports on this transaction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Narrative
 Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. ASF
 Upload Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Non
 ATR QM Upload

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Conditions
 Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Valuation
 Summary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Loan
 Level Tape Compare

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Waived
 Conditions Summary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Attestation
 Forms

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. 15E
 Form

COLT 2026-5 Due Diligence Narrative Report Page \| 9 June 09, 2026

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**Appendix A: Credit Review Scope** 

For each mortgage loan, Clayton performed a guideline review utilizing specific guidelines furnished at the time of the review.

A. Verified
 that the characteristics of the mortgage loan and borrower conformed to the Sponsor Acquisition
 Criteria requirements including:

○ DTI

○ LTV/TLTV/HLTV

○ Credit score

○ Income and employment

○ Assets and reserves

○ Property type and use eligibility; and if the property type was a condominium or cooperative, assessed project adherence

○ Borrower eligibility, including:

– Citizenship status

– Non- occupant co-borrower

○ Transaction eligibility, including:

Maximum loan amount

– Loan purpose

– Occupancy

○ Noted any approved exceptions or waivers by the originator and/or aggregator to guidelines; verified that approved exceptions included required, documented compensating factors

B. As
 part of the guideline review, Clayton performed a credit analysis during which various
 documents were examined, including:

○ Uniform Residential Loan Application reviewed to determine:

– Initial loan application was in the loan file and was signed by all borrowers

– Final loan application was in the loan file and was complete

– Information and debts disclosed on loan application aligned with related documentation in the loan file

○ Employment analyzed and verified through use of various documents, including:

– Income documentation

– Verbal and/or written verifications of employments (VVOE, VOE)

– CPA letter

– Business licenses

– Tax transcripts (IRS Form 4506-T)

– Other documentation in loan file

○ Income review included:

– Required income documentation for all borrowers was present and within required time period

– Documents did not appear to have been altered or inconsistent

– IRS Form 4506-T

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Signed
 by all borrowers and processed by the originator

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Compared
 IRS tax transcripts to income documentation and noted any inconsistencies

– Income was recalculated and was documented with applicable documentation, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Tax
 returns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Financial
 statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Paystubs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ W-2s

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ 1099

COLT 2026-5 Due Diligence Narrative Report Page \| 10 June 09, 2026

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ IRS
 documents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Bank
 statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Lease
 agreements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Award
 letters

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Other
 documentation in loan file

○ Asset review included:

– Asset documentation required to verify down payment, closing costs, prepaid items and reserves was present and within required timeframe, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Verification
 of deposits (VOD)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Depository
 account statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Stock
 or security account statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Gift
 funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Settlements
 statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Other
 evidence of conveyance and transfer of funds, if a sale of assets was involved

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Other
 documentation in loan file

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

○ Credit Report review included:

– Complete copy of report was in loan file

– Report was dated within required timeframe

– All borrowers were included in the report

– Checked any fraud alerts against related loan file documentation

– Verified all disclosed mortgage debt on credit report against the loan application (under the schedule of real estate owned) for accurate debt ratio calculation

– Compared liabilities listed on the credit report against the loan application for accurate debt ratio calculation

– Captured and utilized appropriate credit score for guideline review

○ Title policy review included:

– Title interest – determined if

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Fee
 simple

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Leasehold
 estate

– Appropriate vestee(s) were listed on title policy

Amount of coverage was greater than or equal to the original principal amount of the mortgage

– Applicable title endorsements were present

– Checked for any encumbrances, encroachments and other title exceptions affecting the lien identified through the title search; verified that each issues was addressed in the transaction

– Reviewed the chain of title and duration of ownership by seller or borrower (whichever was applicable)

– Captured monthly tax payments in debt ratio calculation

○ HUD1 (Settlement Statement) review included:

– Funds to close identified and analyzed against borrower's assets

– Seller contributions did not exceed maximum allowed

– Subject property, seller and borrower aligned with other loan documentation

– Disbursements and pay-offs included in debt ratio calculations

– Loan purpose confirmed

○ Hazard/Flood insurance review included:

– Verified presence of required hazard insurance and flood insurance (if required)

– Confirmed that any required insurance was for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Correct
 borrower

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Correct
 property

COLT 2026-5 Due Diligence Narrative Report Page \| 11 June 09, 2026

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Correct
 lender

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Correct
 loan number

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Life
 of loan, if flood insurance required

Confirmed that any required insurance minimum coverage amount and policy period

– Reviewed for evidence that any required insurance policy premium was paid

– Confirmed that the mortgagee clause listed the lender's name and "it's successors and assigns"

Confirmed that the payment amount on any required insurance was included in the debt ratio calculation

○ Mortgage Insurance review included:

– Determined if mortgage insurance is required

Captured mortgage insurance name, certificate # and percentage guarantee (when required)

C. For
 each mortgage loan, Clayton examined the mortgage or deed of trust for evidence of recordation.
 In lieu of a copy of the mortgage or deed of trust with recording information, a copy
 of the mortgage or deed of trust that is stamped "true and certified copy"
 by the escrow/settlement agent plus recording directions on closing instruction documentation
 was utilized as evidence for recording.

D. For
 each mortgage loan, Clayton utilized the results from an independent, third-party fraud
 tool along with information in the loan file to identify and address any potential misrepresentations
 including:

○ Borrower identity

– Social Security inconsistencies

– Borrower name variations

○ Occupancy

– Borrower address history

– Subject property ownership history

○ Employment

○ Licensing – reviewed NMLS data for:

– Mortgage lender/originator

– Loan officer

○ OFAC

COLT 2026-5 Due Diligence Narrative Report Page \| 12 June 09, 2026

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**Appendix B: Origination Appraisal Assessment** 

For each Mortgage Loan, Clayton performed the following origination appraisal analysis:

A. Verified
 that the mortgage loan file contained an appraisal report and that it met the following
 criteria:

○ Appraisal report used standard GSE forms, appropriate to the property type:

FNMA 1004/FHLMC 70 – Uniform Residential Appraisal Report. Used for 1-unit properties, units in planned unit developments (detached PUDs) and condominium projects that consist solely of detached dwelling (site condominium)

– FNMA 1073/FHLMC 465 – Individual Condominium Report. Used to appraise a unit in a condominium project or a condominium unit in a PUD (attached PUD)

FNMA 1025/FHLMC 72 – Small Residential Income Property Appraisal Report. Used for all two-to-four unit residential income properties, including two-to-four unit properties in a PUD

– FNMA 2860 – Individual Cooperative Appraisal Report. Used for individual cooperative units

– FNMA 2000/FHLMC 1032 – One Unit Residential Appraisal Field Review

– FNMA 2000a/FHLMC 1072 – Two to Four Unit Residential Appraisal Field Review <br>

○ Appraisal report was reasonably complete and included:

– Appraisal report form, certification, statement of limiting conditions and scope of work

– Accurate identification of the subject property

– Accurate identification of the subject loan transaction

– Accurate identification of the property type, in both land and improvements

– All required attachments including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Subject
 front, rear and street photos and valued features

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Subject
 interior photos – kitchen, all baths, main living area, updates/upgrades, deferred
 maintenance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Photos
 of all comparable sales and listings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Location
 map

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Exterior
 sketch of property with dimensions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ 1004MC
 Market Conditions Report

– Evidence that appraisal report was made "As Is" or provided satisfactory evidence of completion for all material conditions

– Appraisal date met supplied Sponsor Acquisition Criteria

– If applicable to Sponsor Acquisition Criteria requirements, a second full appraisal was furnished and met Sponsor Acquisition Criteria

B. Performed
 a general credibility assessment of the results of the appraisal per Title XI of FIRREA
 and USPAP based on the following criteria:

○ Title XI of FIRREA:

– Determined that either the appraiser or supervisory appraiser was appropriately licensed by verifying the appraiser's license included in the appraisal.

– Reviewed for the presence of any "red flags" related to the mortgaged property that may have posed a risk to the property or occupants

○ USPAP

– Confirmed that the appraiser's certification is present and executed within the original appraisal.

COLT 2026-5 Due Diligence Narrative Report Page \| 13 June 09, 2026

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C. Reviewed
 and graded the appraisal valuation to the following criteria:

○ Appraised value was reasonably supported. Utilized the following review in making value supported determination:

– Comps used were located reasonably close to the subject property and if not the reason was satisfactorily explained

– Comps used were reasonably recent in transaction date and if not the reason was furnished

– Comps used were reasonably similar to the subject property and if not an explanation was supplied

– Appraised value of the subject was bracketed by the sales prices of the comps and if not the reason was furnished

Adjustments were reviewed and appeared reasonable utilizing the 15% net/25% gross guideline.

○ Property was complete. However, if the property was not 100% complete, then any unfinished portion had no material impact to the value, safety, soundness, structural integrity, habitability or marketability of the subject property

○ Appraisal was reviewed for any indication of property or marketability issues. Utilized the following key points in making determination:

– Appraisal was made on an "As Is" basis or provides satisfactory evidence of completion of all material conditions

– Property usage was reviewed for zoning compliance

– Property utilization was reviewed to determine it was "highest and best use"

– Neighborhood values were reviewed to determine if declining

– Market conditions were reviewed to determine indication of possible marketability issues:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Location

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ %
 built up

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Growth
 rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Demand/supply

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Marketing
 time

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Predominant
 occupancy

– Physical condition of the property was reviewed to determine that the property condition was average or better

– Style of property was reviewed to determine if unique property

– Any health and safety issues were noted and/or remediated

– Locational and/or environmental concerns adequately addressed if present

D. Property
 Eligibility Criteria – Clayton reviewed the property to determine that the property
 met the client supplied eligibility requirements. Examples of ineligible property types
 may include:

○ 3 to 4 unit owner occupied properties

○ 2 to 4 unit second homes

○ Unwarrantable or limited review condominiums

○ Manufactured or mobile homes

○ Condotel units

○ Unique properties

○ Working farms, ranches or orchards

○ Mixed-use properties

○ Properties subject to existing oil or gas leases

○ Properties located in Hawaii Lava Zones 1 and 2

○ Properties exceeding Sponsor Acquisition Criteria requirements for excess acreage

E. Properties
 Affected by Disasters Criteria – Clayton reviewed the appraisal date against any
 FEMA Declared Disaster Areas that were designated for Individual and/or Public Assistance
 due to a federal government disaster declaration.

○ If the appraisal date is before the FEMA Effective Date for any of the disasters listed, Clayton will specify whether or not there has been a property inspection since the date listed, the latest inspection date, whether or not new damage has been indicated, and the amount of said damage.

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![](ex9912003.jpg)

F. Disclaimer

○ The individuals performing the aforementioned original appraisal assessment are not persons providing valuations for purposes of the Uniform Standards of Professional Appraisal Practice ("USPAP") or necessarily licensed as appraisers under Federal or State law, and the services being performed by such persons do not constitute "appraisal reviews" for purposes of USPAP or Federal or State law.

○ Clayton makes no representation or warranty as to the value of any mortgaged property, notwithstanding that Clayton may have reviewed valuation information for reasonableness

○ Clayton is not an 'AMC' (appraisal management company) and therefore Clayton does not opine on the actual value of the underlying property

○ Clayton is not a 'creditor' within the meaning of ECOA or other lending laws and regulations, and therefore Clayton will not have any communication with or responsibility to any individual consumer concerning property valuation.

○ Clayton does not check to see if the appraiser is on the Freddie Mac exclusionary list.

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**Appendix C: Regulatory Compliance Review Scope** 

This appendix provides an overview of Clayton's proprietary compliance system for 1-4 family residential mortgage loans in the due diligence process to determine, to the extent possible and subject to the caveats below, whether the loans comply with federal, state and local laws. The Disclaimer section explains limitations that you should be aware of. Additional details on the items listed below as well as Clayton's state, county and municipal testing can be provided upon request. The compliance engine is fully integrated into Clayton's proprietary due diligence platform, eCLAS.

**<u>Federal Law</u>**

**A.** **RESPA and Regulation X:** Loan level analysis on the following:

○ GFE/HUD1: confirm the correct version of the GFE and HUD1 were properly completed under the Regulation X Final Rule that became mandatory on January 1, 2010

○ Initial Good Faith Estimate, (GFE): timing and content of the initial disclosure

○ Final GFE: Verification that increases to fees from the initial GFE were disclosed within 3 days of valid changed circumstance documentation within the loan file

○ Final HUD1 Settlement Statement: verify the loan file contains the final HUD1 and the loan terms on the HUD1 correspond to the actual loan terms from the Note

○ Final GFE to HUD1 tolerance fee evaluation: confirm the fees charged on the HUD1 do not exceed the Final GFE in the 0% or 10% fee tolerance categories, including a review for a Settlement Service Provider List if the lender excludes fees that the borrower can shop for.

○ Affiliated Business Disclosure: if the loan file indicates the lender or broker referred the borrower to a known affiliate, confirm the disclosure was provided to the borrower

○ Homeownership Counseling Notice: for loan applications on or after 1/10/2014, confirm the notice was provided to the borrower within 3 days of application

**B.** **Truth in Lending Act and Regulation Z** - Loan level analysis on the following:

○ TIL Disclosure: Content of Disclosures – perform an independent recalculation of the finance charges and APR to determine whether the amounts disclosed on the final TIL were within allowable tolerances. Payment schedule accuracy, including under the Mortgage Disclosure Improvement Act for loans applications on or after January 30, 2010. Additional disclosure content with a focus on the consistency of the prepayment penalty disclosure and assumption policy with the note and security instrument.

○ Mortgage Disclosure Improvement Act, (3/7/3 rule): Confirm the timing of the initial TIL disclosure within 3 days of application, 7 days prior to consummation, and corrected TIL disclosures provided at least 3 days prior to consummation for applications received on or after July 30, 2009 (Section 19)

○ ARM Disclosure: confirm these disclosures are in the file within 3 days of application, or 3 days of the borrower discussing ARM programs identified within the loan file

○ Right of Rescission – Review the disclosure form type, disclosure timing, disclosed dates, other material disclosures, and the loan disbursement (Section 23)

○ High Cost mortgage thresholds for points and fees (Section 32)

○ High Cost Prohibited Acts and Practices upon request (Section 33)

○ Higher Priced Mortgage Loan thresholds for APR in relation to the APOR. Including Escrow and appraisal requirements (Section 35)

○ Prohibited Acts or Practices including testing the Loan Originator compensation rules, NMLSR ID on documents, financing Credit Insurance, mandatory arbitration clauses, and NegAm Counseling (Section 36)

○ ATR/QM Ability to Repay, aka Minimum Standards for Transactions: for applications on or after 1/10/2014, confirm the loan file contains documentation to evidence the lender considered and verified the borrower has the ability to repay in accordance with the ATR requirements This included identifying whether QM loans met agency exemptions or were underwritten in accordance with Appendix Q. Non QM loans will be reviewed to ensure the lender documented that they considered and verified the 8 underwriting factors as required for ATR compliance. This review also includes evaluating loans against the new TILA prepayment penalty restrictions (Section 43)

○ TILA/RESPA Integrated Disclosures ("TRID")

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![](ex9912003.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Test
 whether or not the loan is subject to disclosure on TRID documents, the Loan Estimate
 ("LE") and Closing Disclosure ("CD")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Pre-application
 Requirement Testing:

● Pre-application forms cannot look similar to the LE

● Pre-application forms must contain the required disclaimer ("Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Timing
 Requirements:

● The LE was delivered or placed in the mail within 3 business days of the broker or lender receiving an application.

● The loan does not consummate (Clayton looks to the later of the note date or notary date) until the later of seven business days after the LE is delivered or placed in the mail and three business days after the CD (or Corrected CD when a new three-day waiting period is triggered) is received.

● That a revised LE or CD is provided within three business days of the lender having knowledge of the information that led to the change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Fee
 Tolerances:

● Zero and ten percent tolerance fees are only reset with a valid and timely change of circumstance.

● If a credit or refund is made, that it is sufficient to cover Clayton's calculated under-disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Payment
 Schedule Accuracy:

● The number of columns and timing of changes to payments as well as the mortgage insurance drop-off match Clayton's calculated payment schedule.

● Interest-only periods and final balloon payments are accurately completed.

● The total of the principal and interest payment, mortgage insurance and escrow amounts add up correctly.

● When applicable, that the AIR and AP tables are consistent with Clayton's calculations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Accuracy
 of the Loan Calculations

● Amount Financed

● Finance Charge

● Total of Payments

● Total interest percentage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Technical
 Requirements

● Compliance with the TRID rounding rules.

● Compliance with specified formatting requirements.

● Compliance with date entry requirements (such as when a field, if not applicable, must be present and left blank).

● Alphabetization of fees.

● Title fees preceded by "Title –."

● Column or similar limits such as four columns for Projected Payments and a maximum of thirteen Origination Charges on the LE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Consistency
 within and across forms

● Once a fee is disclosed it must remain substantially the same name across disclosures.

● Consistency between the Costs at Closing and Calculating Cash to Close tables, for which there is a version for transactions with a seller and an optional, but not required, version for transactions without a seller. They should be consistent within and across disclosures.

● Where amounts in a table reference that they are derived from another section of the form, that the amounts match the amount in the section referenced.

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● Escrow amounts disclosed in the Projected Payments section tie out to the escrow amounts detailed in the Loan Disclosures section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Completion
 of the LE and CD

● All required fields not specifically listed herein are completed or left blank in accordance with TRID rules; creditor information, contact information, rate lock information, etc.

● For areas where multiple options are provided, such as Assumption, Negative Amortization and Liability after Foreclosure, only one option is indicated.

● That there is either a signature or a Loan Acceptance statement on the form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Waivers

● Clayton will capture if the borrower waived their waiting period and the sufficiency of the waiver under TRID. However, based on past experience with clients, Clayton will also issue an exception for the loan closing early.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Corrected
 CD requiring a new waiting period

● Whether the APR increased or decreased outside of tolerance requiring a new waiting period and whether that waiting period was provided. For APR decreases Clayton will look to whether the APR decreased due to a reduced finance charge, which will be considered to be within tolerance.

● Whether the product or a product feature changed which requires a new waiting period and whether that waiting period was provided.

● Whether a prepayment penalty was added requiring a new waiting period and whether that waiting period was provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Post-Close
 CD's

● Corrected CD's provided with a post-close refund.

● Post-close CD's to correct numerical errors based on events (such as recording) occurring within 30 days of consummation.

● Post-close CD's to correct non-numerical clerical errors required within 60 days of consummation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Related
 Documentation

● Provision and timing of Your Home Loan Toolkit (first lien, purchase-money loans)

● Written List of Providers, when there are items in in the Services You Can Shop For category (can impact fee tolerances)

● Affiliated Business Disclosure (can impact fee tolerances)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Outside
 of Clayton's default TRID scope:

● Accuracy of the LE in terms of whether fees are within the correct category and loan terms where we would need a Note to verify. More detailed testing will occur by comparing the final CD to the Note terms.

● Whether the Liability after Foreclosure selection is correct for the property state.

● Accuracy of the Aggregate Adjustment amount.

● Presence and accuracy of the Seller's Transaction columns of the Summaries of Transactions section.

● Accuracy of the Contact Information for the lender, broker and settlement agent. Clayton will look for discrepancies across forms, but is not independently verifying the information.

**C.** **FACTA** - the Credit Score, Key Factors, and Notice to Home Loan Applicant disclosures

**D.** **HMDA** – Whether the loans is Rate Spread threshold reportable.

**<u>STATE, COUNTY and MUNICIPAL LAW</u>**

**A.** **Higher-Priced** 

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Clayton test whether a loan meets the thresholds for a higher-priced, rate spread, subprime or nonprime mortgage loan, and whether such loan meets regulatory requirements, in the following states:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Higher-Priced** | &nbsp;&nbsp;**Higher-Priced** | &nbsp;&nbsp;**Higher-Priced** |
| &nbsp;&nbsp;California | &nbsp;&nbsp;Maryland | &nbsp;&nbsp;New York |
| &nbsp;&nbsp;Connecticut | &nbsp;&nbsp;Massachusetts (subprime ARMS to first time homebuyers) | &nbsp;&nbsp;North Carolina |
| &nbsp;&nbsp;Maine | &nbsp;&nbsp;Minnesota |  |

---

**B.** **State/Local High Cost** 

Clayton test whether a loan meets the thresholds for a high cost or covered loan in the following states, counties and municipalities, and also tests for compliance with provisions in such laws that apply to all loans subject to high cost testing:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**State/Local High Cost** | &nbsp;&nbsp;**State/Local High Cost** | &nbsp;&nbsp;**State/Local High Cost** |
| &nbsp;&nbsp;Arkansas | &nbsp;&nbsp;Maine | &nbsp;&nbsp;Pennsylvania |
| &nbsp;&nbsp;California | &nbsp;&nbsp;Maryland | &nbsp;&nbsp;Rhode Island, including the Providence ordinance |
| &nbsp;&nbsp;Colorado | &nbsp;&nbsp;Massachusetts | &nbsp;&nbsp;South Carolina |
| &nbsp;&nbsp;Connecticut | &nbsp;&nbsp;Nevada | &nbsp;&nbsp;Tennessee |
| &nbsp;&nbsp;District of Columbia | &nbsp;&nbsp;New Jersey | &nbsp;&nbsp;Texas |
| &nbsp;&nbsp;Florida | &nbsp;&nbsp;New Mexico | &nbsp;&nbsp;Utah |
| &nbsp;&nbsp;Georgia | &nbsp;&nbsp;New York | &nbsp;&nbsp;Vermont <br> (High Rate, High Point law)  |
| &nbsp;&nbsp;Illinois, including the Cook County and Chicago ordinances | &nbsp;&nbsp;North Carolina | &nbsp;&nbsp;Wisconsin |
| &nbsp;&nbsp;Indiana | &nbsp;&nbsp;Ohio, including <br> Cleveland Heights ordinance  |  |
| &nbsp;&nbsp;Kentucky | &nbsp;&nbsp;Oklahoma |  |

---

**C.** **Anti-Predatory** 

Several states have laws that do not create a separate class of high cost or higher-priced mortgage loans, but set APR or finance charge ceilings and may also set forth similar anti-predatory lending restrictions as found in high cost laws. Clayton tests for compliance with such laws in the following states:

● Minnesota (Mortgage Originator and Service Licensing Act)

● Puerto Rico (Office Regulation 5722)

● Texas (Texas Finance Code)

● West Virginia (Residential Mortgage Lender, Broker and Servicer Act).

**D.** **Borrower's Interest** 

Clayton uses a module that reports to the client the factors that the client can weigh to determine whether or not the loan is in the borrower's interest, and also makes a mathematical determination as to whether or not there is at least one benefit. This module is

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only used in the following states, where the laws or releases by the regulators provide an indication of some standards that can be applied.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Borrower's Interest** | &nbsp;&nbsp;**Borrower's Interest** | &nbsp;&nbsp;**Borrower's Interest** |
| &nbsp;&nbsp;Maine | &nbsp;&nbsp;Ohio | &nbsp;&nbsp;South Carolina |
| &nbsp;&nbsp;Massachusetts | &nbsp;&nbsp;Rhode Island |  |

---

**E.** **Consumer Protection** 

Several states have laws that neither create a separate class of high cost or higher-priced mortgage loan, nor impose a ceiling on the overall fees or APR, but nonetheless contain requirements and restrictions on mortgage loans that may impact the assignee or the lien. Clayton tests for compliance with such laws, including late charge and prepayment penalty provisions, in the following states and municipalities:

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Consumer Protection** | &nbsp;&nbsp;**Consumer Protection** |
| &nbsp;&nbsp;Alabama (the "Mini-code") | &nbsp;&nbsp;Nebraska (Mortgage Bankers Registration and Licensing Act and the Installment Loan Act) |
| &nbsp;&nbsp;Hawaii (Financial Services Loan Company Act) | &nbsp;&nbsp;Nevada (AB 440 |
| &nbsp;&nbsp;Idaho (Residential Mortgage Practices Act) | &nbsp;&nbsp;Ohio (Consumer Sales Practices Act; whether the loan is in Summit County) |
| &nbsp;&nbsp;Illinois (both versions of the Cook County Predatory Lending Database; Illinois Residential Mortgage Licensing Act) | &nbsp;&nbsp;Texas (Article XVI, Section 50(a)(6) of the Texas Constitution) |
| &nbsp;&nbsp;Iowa (Consumer Credit Code) | &nbsp;&nbsp;Utah (Consumer Credit Code) |
| &nbsp;&nbsp;Kansas (Consumer Credit Code) | &nbsp;&nbsp;Virginia (Mortgage Lender and Broker Act) |
| &nbsp;&nbsp;Kentucky (HB 552) | &nbsp;&nbsp;Washington (Consumer Loan Act and Responsible Mortgage Lending Act) |
| &nbsp;&nbsp;Maryland (DLLR Regulations, Commercial Law) | &nbsp;&nbsp;West Virginia (Consumer Credit Protection Act) |
| &nbsp;&nbsp;Massachusetts (Attorney General regulations) | &nbsp;&nbsp;Wyoming (Residential Mortgage Practices Act) |
| &nbsp;&nbsp;Michigan (Consumer Mortgage Protection Act) |  |

---

See attached Exhibit A - Consumer Protection Laws for additional details on the specific components of the aforementioned Consumer Protection laws that are evaluated as part of the Clayton Compliance Review Scope:

**F.** **Texas Equity** 

In addition to identifying whether Texas refinances are cash out transactions subject to the Texas Constitution Article 16 Section 50(a)(6) requirements, Clayton reviews the title report to confirm prior loans being refinanced are continuous purchase money and not (a)(6) loans. In the event a loan is determined to be a Texas Home Equity loan, the underwriter reviews the loan images to confirm the loan meets the Texas requirements including maximum LTV/CLTV, 3% fee cap, product restrictions and the required disclosures were provided to the borrower in accordance with required timelines.

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**<u>GSE Testing</u>**

Clayton can review loans to determine whether they comply with Fannie Mae's and Freddie Mac's Points and Fees threshold tests. These fee limitations of 5% for all loans with application dates prior to 1/10/2014 were reduced to 3% on Primary and Second Homes for applications on or after 1/10/2014. If requested, loans can be reviewed to determine whether the loan is a residential mortgage transaction ineligible for delivery due to its APR or fees exceeding the HOEPA thresholds. Clayton offers Lender Letter and non-traditional mortgage testing for Fannie Mae. (Note: Fannie Mae requires a non-disclosure agreement between the client and Fannie Mae for Clayton to report these results.)

**<u>Disclaimer</u>**

Please be advised that Clayton has not determined whether the Loans comply with federal, state or local laws, constitutional provisions, regulations or ordinances, including, but not limited to, licensing and general usury laws that set rate and/or fee limitations, unless listed above. Clayton's review is focused on issues that raise concerns for secondary market investors and other assignees, based on potential for assignee liability, an adverse impact on the lien, and regulatory, litigation and headline risk. Clayton's review is not designed to fully test a lender's compliance with all applicable disclosure and licensing requirements. Furthermore, the findings reached by Clayton are dependent upon its receiving complete and accurate data regarding the Loans from loan originators and other third parties. Please be further advised that Clayton and its employees do not engage in the practice of law, and the findings set forth in the reports prepared by Clayton do not constitute legal advice or opinions.© 2026 Clayton Services LLC. All rights reserved.

This material is confidential and may not be copied, used, or distributed without the written permission of Clayton Services LLC

COLT 2026-5 Due Diligence Narrative Report Page \| 21 June 09, 2026

## Exhibit 99.13

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.13**

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Client Name:** |  | **Hudson Advisors** | **Hudson Advisors** | **Hudson Advisors** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Client Project Name:** |  | **COLT 2026-5** | **COLT 2026-5** | **COLT 2026-5** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Start - End Dates:** |  | **3/6/2026 - 5/5/2026** | **3/6/2026 - 5/5/2026** | **3/6/2026 - 5/5/2026** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Deal Loan Count:** |  | **8** | **8** | **8** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Conditions Report 2.0** | **Conditions Report 2.0** | **Conditions Report 2.0** | **Conditions Report 2.0** | **Conditions Report 2.0** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ***Loans in Report:*** |  | *8* | *8* | *8* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ***Loans with Conditions:*** |  | *1* | *1* | *1* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Loan Number** | **Deal ID** | **Lender Application Date** | **Broker Application Date** | **Initial Securitization Overall Loan Grade** | **Final Securitization Overall Loan Grade** | **Initial Securitization Loan Credit Grade** | **Final Securitization Loan Credit Grade** | **Initial Securitization Loan Property Valuation Grade** | **Final Securitization Loan Property Valuations Grade** | **Initial Securitization Loan Compliance Grade** | **Final Securitization Loan Compliance Grade** | **Initial S&P Overall Loan Grade** | **Final S&P Overall Loan Grade** | **Initial S&P Loan Credit Grade** | **Final S&P Loan Credit Grade** | **Initial S&P Loan Property Valuation Grade** | **Final S&P Loan Property Valuations Grade** | **Initial S&P Loan Compliance Grade** | **Final S&P Loan Compliance Grade** | **Did Lender Acknowledge Exception at Origination** |
| XXXX | 4350120956 | XXXX | XXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | Not Applicable |
| XXXX | 4350120953 | XXXX | XXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | Not Applicable |
| XXXX | 4350120955 | XXXX | XXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | Not Applicable |
| XXXX | 4350120954 | XXXX | XXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | Not Applicable |
| XXXX | 4350120957 | XXXX | XXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| XXXX | 4350120960 | XXXX | XXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | Not Applicable |
| XXXX | 4350120958 | XXXX | XXXX | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Not Applicable |
| XXXX | 4350120959 | XXXX | XXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | Not Applicable |

---

## Exhibit 99.14

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.14**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Client Name:** |  | **Hudson Advisors** | **Hudson Advisors** | **Hudson Advisors** | **Hudson Advisors** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Client Project Name:** |  | **COLT 2026-5** | **COLT 2026-5** | **COLT 2026-5** | **COLT 2026-5** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Start - End Dates:** |  | **3/6/2026 - 5/5/2026** | **3/6/2026 - 5/5/2026** | **3/6/2026 - 5/5/2026** | **3/6/2026 - 5/5/2026** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Deal Loan Count:** |  | **8** | **8** | **8** | **8** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Conditions Report 2.0** | **Conditions Report 2.0** | **Conditions Report 2.0** | **Conditions Report 2.0** | **Conditions Report 2.0** | **Conditions Report 2.0** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ***Loans in Report:*** |  | *8* | *8* | *8* | *8* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ***Loans with Conditions:*** |  | *1* | *1* | *1* | *1* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Loan Number** | **Deal ID** | **Original Principal Balance** | **State** | **Initial Lender ATR/QM Status** | **Loan Level ATR/QM Status** | **Initial Securitization Overall Loan Grade** | **Final Securitization Overall Loan Grade** | **Initial Securitization Credit Loan Grade** | **Final Securitization Credit Loan Grade** | **Initial Securitization Property Valuations Loan Grade** | **Final Securitization Property Valuations Loan Grade** | **Initial Securitization Compliance Loan Grade** | **Final Securitization Compliance Loan Grade** | **Initial S&P Overall Loan Grade** | **Final S&P Overall Loan Grade** | **Initial S&P Credit Loan Grade** | **Final S&P Credit Loan Grade** | **Initial S&P Property Valuations Loan Grade** | **Final S&P Property Valuations Loan Grade** | **Initial S&P Compliance Loan Grade** | **Final S&P Compliance Loan Grade** | **Condition Category** | **ConditionSub Category** | **Condition Status** | **Initial Securitization Condition Grade** | **Final Securitization Condition Grade** | **Initial S&P Condition Grade** | **Final S&P Condition Grade** | **Condition Code** | **Condition Description** | **Condition Material Indicator** | **Initial Comments** | **Client/Seller Response Comments** | **Conclusion Comments** | **TRID Error Type** | **Cure Method** | **Compensating Factors** |
| XXXX | 4350120956 | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 703 is above guideline minimum of 660<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are$XXXX or 200 months ITIA. Required ITIA reserves are 3 x $XXXX<br>CFCFS1736: Significant time at current residence<br> - Clayton Comments: Over 8 years at current residence. |
| XXXX | 4350120953 | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 703 is above guideline minimum of 660<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are$XXXX or 213 months ITIA. Required ITIA reserves are 3 x $XXXX<br>CFCFS1736: Significant time at current residence<br> - Clayton Comments: Over 8 years at current residence. |
| XXXX | 4350120955 | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are$XXXX or 193 months ITIA. Required ITIA reserves are 3 x $XXXX<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 703 is above guideline minimum of 660<br>CFCFS1736: Significant time at current residence<br> - Clayton Comments: Over 8 years at current residence |
| XXXX | 4350120954 | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1742: Consumer credit history exceeds guidelines<br> - Clayton Comments: Credit score 703 is above guideline minimum of 660<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are$XXXX or 185 months ITIA. Required ITIA reserves are 3 x $XXXX |
| XXXX | 4350120957 | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1742: Consumer credit history exceeds guidelines<br> - Clayton Comments: Borrower has 0x30x270 months positive consumer payment history meeting 12 month guideline requirement.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Median FICO 742 is greater than guideline minimum 660.<br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: Borrower has 0x30x25 positive mortgage payment history meeting 12 month guideline requirement.<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV 57.47% is less than guideline maximum of 70% with DSCR <1.00%. |
| XXXX | 4350120960 | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 740 is above guideline minimum of 700<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV 59.70% is below guideline of 65%<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are $XXXX or 15 months PITIA. Required PITIA reserves are 3 x $XXXX |
| XXXX | 4350120958 | XXXX | XXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | XXXX | Income Amount is Unsupported by Documentation in File | No | File is missing Bank statement worksheet with monthly total deposits, minus exceptions. One line for each month. | 04/16/2026 Client provided Bank Statement worksheet. | 04/16/2026 - Exception satisfied. | (No Data) | Not Applicable | CFCFS1746: Significant housing expense reduction<br> - Clayton Comments: Significant housing expense reduction by 20%<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are$XXXX or 9.84 months ITI. Required ITIA reserves are 3 x$XXXX<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 770 is above guideline minimum of 660<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 19.80% is below guideline maximum of 45% |
| XXXX | 4350120959 | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence<br> - Clayton Comments: 8 Years at current residence.<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are$XXXX or 35.82 months PITI. Required PITI reserves are 3 x $XXXX<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 786 is above guideline minimum 660. |

---

## Exhibit 99.15

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.15**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Client Name:** |  | **Hudson Advisors** | **Hudson Advisors** | **Hudson Advisors** | **Hudson Advisors** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Client Project Name:** |  | **COLT 2026-5** | **COLT 2026-5** | **COLT 2026-5** | **COLT 2026-5** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Start - End Dates:** |  | **3/6/2026 - 5/5/2026** | **3/6/2026 - 5/5/2026** | **3/6/2026 - 5/5/2026** | **3/6/2026 - 5/5/2026** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Deal Loan Count:** |  | **8** | **8** | **8** | **8** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Valuations Summary** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| *Loans In Report:* |  | *8* | *8* |  |  | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Desk Review** | **Desk Review** | **Desk Review** | **Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Field Review** | **Field Review** | **Field Review** | **Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **1004 SFR** | **1004 SFR** | **1004 SFR** | **1004 SFR** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS Information** |
| *Loans In Report:* |  |  |  |  |  | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Desk Review** | **Desk Review** | **Desk Review** | **Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Field Review** | **Field Review** | **Field Review** | **Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **1004 SFR** | **1004 SFR** | **1004 SFR** | **1004 SFR** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS Information** |
| **Loan Number** | **Deal ID** | **Seller Loan Number** | **Original Balance** | **Sales Price** | **Value For LTV** | **Appraised Date** | **Appraised Value** | **Appraisal Form** | **AVM Vendor Name** | **Confidence Score** | **Review Date** | **Review Value** | **Variance Amount** | **Variance (%)** | **Review Type** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **AVM Vendor Name** | **AVM FSD** | **Confidence Score** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Other - Valuation Type** | **Report Date - Other** | **Value - Other** | **Variance Amount - Other** | **Variance (%) - Other** | **CU / LCA Score** |
| XXXX | 4350120956 |  | XXXX | $0.00 | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXX | XXXX | XXXX | -3.23% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No Data) |
| XXXX | 4350120953 |  | XXXX | $0.00 | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXX | XXXX | XXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No Data) |
| XXXX | 4350120955 |  | XXXX | $0.00 | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXX | XXXX | XXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No Data) |
| XXXX | 4350120954 |  | XXXX | $0.00 | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXX | XXXX | XXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No Data) |
| XXXX | 4350120957 |  | XXXX | $0.00 | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXX | XXXX | XXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No Data) |
| XXXX | 4350120960 |  | XXXX | $0.00 | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXX | XXXX | XXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No Data) |
| XXXX | 4350120958 |  | XXXX | $0.00 | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXX | XXXX | XXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No Data) |
| XXXX | 4350120959 |  | XXXX | $0.00 | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXX | XXXX | XXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No Data) |

---

## Exhibit 99.16

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.16**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| ![EMBEDDED:F01A86804BB0071B1B33159D564CB2F4](claytonlogo.jpg) |  |  |  |  |  |
| **Loan Level Tape Compare Upload** | **Loan Level Tape Compare Upload** | **Loan Level Tape Compare Upload** | **Loan Level Tape Compare Upload** |  |  |
| *Loans in Report* |  | *4* | *4* | *4* |  |
| **Loan Number** | **Deal ID** | **Borrower Last Name** | **Field Name** | **Tape Data** | **Reviewer Data** |
| XXXX | 4350120955 | (No Data) | Representative Score | 8888 | 703 |
| XXXX | 4350120960 | (No Data) | Note Date | XXXX | XXXX |
| XXXX | 4350120958 | Fishburn | Note Date | XXXX | XXXX |
| XXXX | 4350120959 | (No Data) | DTI (Back) | 49.462 | 43.4549 |
| The findings in this report are preliminary and subject to revision by Clayton. This report is confidential and for Client's internal use only. This report is not for purposes of 17g5 filings and is not redacted. For Securitization reporting please submit a request to CL_SecondaryMarketAcquisitions@clayton.com | The findings in this report are preliminary and subject to revision by Clayton. This report is confidential and for Client's internal use only. This report is not for purposes of 17g5 filings and is not redacted. For Securitization reporting please submit a request to CL_SecondaryMarketAcquisitions@clayton.com | The findings in this report are preliminary and subject to revision by Clayton. This report is confidential and for Client's internal use only. This report is not for purposes of 17g5 filings and is not redacted. For Securitization reporting please submit a request to CL_SecondaryMarketAcquisitions@clayton.com | The findings in this report are preliminary and subject to revision by Clayton. This report is confidential and for Client's internal use only. This report is not for purposes of 17g5 filings and is not redacted. For Securitization reporting please submit a request to CL_SecondaryMarketAcquisitions@clayton.com | The findings in this report are preliminary and subject to revision by Clayton. This report is confidential and for Client's internal use only. This report is not for purposes of 17g5 filings and is not redacted. For Securitization reporting please submit a request to CL_SecondaryMarketAcquisitions@clayton.com | The findings in this report are preliminary and subject to revision by Clayton. This report is confidential and for Client's internal use only. This report is not for purposes of 17g5 filings and is not redacted. For Securitization reporting please submit a request to CL_SecondaryMarketAcquisitions@clayton.com |

---

## Exhibit 99.17

**Exhibit 99.17**

**EXECUTIVE SUMMARY<br> Third Party Due Diligence Review**

**Overview**

Consolidated Analytics, Inc ("Consolidated Analytics"), a third-party due diligence provider, performed the review described below on newly originated residential mortgage loans acquired by Lone Star Residential Acquisitions, LLC through a bulk purchase. The review included a total of 9 newly originated residential mortgage loans, in connection with the securitization identified as COLT 2026-5 (the "Securitization"). The Review was conducted from March 2026 through June 2026 on mortgage loans originated between January 2026 and May 2026.

**Scope of Review**

**Credit Review**

Consolidated Analytics performed a "Credit Review" to verify compliance with guidelines in effect at the time of loan origination, or other guidelines provided by Client prior to review, and ensure the characteristics used by the underwriter are supported by the file documentation; and determine whether any loans outside of those guidelines contain legitimate and approved exceptions with compensating factors.

The Credit Review attempted to confirm the following:

&nbsp;&nbsp;&nbsp;&nbsp;a. QM
 or ATR Validation / Review of 8 Key Underwriting Factors

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Income
 / Assets

● Validate borrower(s) monthly gross income

● Validate funds required to close, required reserves

● Review file documentation for required level of income and asset verifications

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Employment
 Status

● Review file documentation for required level of employment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Monthly
 Mortgage Payment

● Confirm program, qualifying rate, terms

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Simultaneous
 Loans

● Validate all concurrent loans are included in the DTI to properly assess the ability to repay

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Mortgage
 Related Obligations: PITI, HOA, PMI, etc.

● Validate subject loan monthly payment (PITI) and associated obligations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Debts
 / Obligations

● Validate monthly recurring liabilities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. DTI
 and/or Residual Income

● Validate debt-to-income ratio (DTI) based upon income and debt documentation provided in the file

● Documentation meets Appendix Q requirements for QM Loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Credit
 History

● Review credit report for credit history and required credit depth including any / all inquiries

● Determine representative credit score from credit report

&nbsp;&nbsp;&nbsp;&nbsp;b. Validate
 loan-to-value (LTV) and combined loan-to-value

&nbsp;&nbsp;&nbsp;&nbsp;c. Review
 borrower's occupancy

&nbsp;&nbsp;&nbsp;&nbsp;d. Validation
 through third party resource of the subject properties most recent twelve (12) month
 sales history

&nbsp;&nbsp;&nbsp;&nbsp;e. Confirm
 sufficient evidence in loan file, by reviewing the underwriter's decision to approve
 the loan based upon the borrows income, debt, and credit history, to support borrower's
 willingness and ability to repay the debt

&nbsp;&nbsp;&nbsp;&nbsp;f. Confirm
 that Final 1003 is sufficiently completed

&nbsp;&nbsp;&nbsp;&nbsp;g. Provide
 Audit 1008 with accurate data based on file documentation

&nbsp;&nbsp;&nbsp;&nbsp;h. Confirm
 Loan Approval conditions were met

&nbsp;&nbsp;&nbsp;&nbsp;i. Review
 condominium questionnaire to verify all information is complete, prepared by an authorized
 representative, and address any red flags that may deem condominium project ineligible

&nbsp;&nbsp;&nbsp;&nbsp;j. General
 QM for any loans originated under the GQM Rule

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Pricing
 Thresholds:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Pricing
 for First Lien Loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 2.25%
 for a first-lien covered transaction with a loan amount greater than or equal to the
 applicable dollar amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 3.5%
 for a first-lien covered transaction with a loan amount greater than or equal to the
 applicable dollar amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. 6.5%
 for a first-lien covered transaction with a loan amount less than the applicable dollar
 amount threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Pricing
 for Subordinate Lien Loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 3.5%
 for a subordinate-lien covered transaction with a loan amount greater than or equal to
 the applicable dollar amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 6.5%
 for a subordinate-lien covered transaction with a loan amount less than the applicable
 dollar amount threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Pricing
 for Manufactured Homes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 2.25%
 for a first-lien covered transaction secured by a manufactured home with a loan amount
 equal to or greater than the applicable dollar amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 6.5%
 for a covered transaction secured by a manufactured home with a loan amount less than
 applicable dollar amount threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Consider
 Income and Assets:

○ Consumer's current or reasonably expected income or assets (other than the value of the dwelling that secures the loan;

○ The consumer's debt obligations, alimony, child support; and

○ The monthly DTI or residual income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Verification
 of Income and Assets:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Verification
 in compliance with one of the "safe harbor" guidelines will meet the QM verification
 requirement. A creditor is allowed to "mix and match" provisions of the different
 guidelines rather than only apply one guideline per loan.

The specific guidelines that the CFPB is designating for the safe harbor are: The GQM Rule provides that if the creditor verifies the consumer's income or assets, debt obligations, alimony, child support, and monthly DTI or residual income by meeting the standards of certain specified third-party underwriting manuals, then a creditor is presumed to have complied with the verification requirement. These specified manuals are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Chapters
 B3-3 through B3-6 of the Fannie Mae Single Family Selling Guide, published June 3, 2020;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Sections
 5102 through 5500 of the Freddie Mac Single-Family Seller/Servicer Guide, published June
 10, 2020;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Sections
 II.A.1 and II.A.4-5 of the Federal Housing Administration's Single Family Housing
 Policy Handbook, issued October 24, 2019;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Chapter
 4 of the U.S. Department of Veterans Affairs' Lenders Handbook, revised February
 22, 2019;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Chapter
 4 of the U.S. Department of Agriculture's Field Office Handbook for the Direct
 Single Family Housing Program, revised March 15, 2019; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Chapters
 9 through 11 of the U.S. Department of Agriculture's Handbook for the Single Family
 Guaranteed Loan Program, revised March 19, 2020.

**Compliance Review**

Consolidated Analytics performed a "Compliance Review" to determine, as applicable, to the extent possible and subject to the caveats below, whether the loan complies with applicable regulatory requirements as noted below, each as amended, restated and/or replaced from time to time. In relation to cash out refinances of investment property loans, documentation provided in the loan file will be reviewed only to validate the use of cash out proceeds for business purposes at the origination/consummation of the loan. In the event use of proceeds cannot be validated, or are deemed to be utilized for consumer purposes, the loan would then be subject to a "Compliance Review" of applicable regulatory requirements as noted below, each as amended, restated and/or replaced from time to time. The Compliance Review included the following:

&nbsp;&nbsp;&nbsp;&nbsp;a. Test
 Loan Estimate(s) for accuracy and completeness as well as timing requirements as required
 by TRID Regulations

&nbsp;&nbsp;&nbsp;&nbsp;b. Test
 Closing Disclosure(s) for accuracy and completeness as well as timing requirements as
 required by TRID Regulations

&nbsp;&nbsp;&nbsp;&nbsp;c. Tolerance
 Testing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Compare
 Loan Estimate and Closing Disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Identify
 Tolerance Violations and applicable cost to cure

&nbsp;&nbsp;&nbsp;&nbsp;d. Comprehensive
 review of Closing Disclosure to determine transaction accuracy

&nbsp;&nbsp;&nbsp;&nbsp;e. Recalculation
 of APR and Finance Charge

&nbsp;&nbsp;&nbsp;&nbsp;f. Testing
 of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Federal
 High Cost Mortgage provisions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Federal
 Higher Priced Mortgage Loans provisions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Local
 and/or State Anti-predatory and High Cost provisions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. HOEPA
 Points and Fees

&nbsp;&nbsp;&nbsp;&nbsp;g. Determine
 whether specified federal disclosures were provided timely based upon comparison of the
 application date to the dates on such disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Service
 Provider List

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Home
 Ownership Counselling Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. ARM
 Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;h. Compliance
 with QM as it relates to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. APR
 Test

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Points
 & Fees Test

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Prepayment
 Penalty Test

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Product
 Eligibility Testing

&nbsp;&nbsp;&nbsp;&nbsp;i. Notice
 of Right to Cancel (Rescission) Review

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Confirm
 transaction date, expiration date, and disbursement date

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Confirm
 document is properly executed by all required parties to the transaction

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Confirm
 the correct Right of Rescission document was executed for the transaction type

&nbsp;&nbsp;&nbsp;&nbsp;j. Confirm
 through NMLS the loan originator and originating firm's license status was active
 and properly disclosed on appropriate loan documents

&nbsp;&nbsp;&nbsp;&nbsp;k. Check
 the Loan participants against the exclusionary list provided by Client or by the purchaser
 of the Loan(s)

&nbsp;&nbsp;&nbsp;&nbsp;l. Review
 closing documents to ensure that the Mortgage Loan information is complete, accurate,
 and consistent with other documents; Confirm collateral documents have been recorded
 or sent for recording

The Compliance Review did not include any federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated above. Furthermore, the findings reached by Consolidated Analytics are dependent upon its receiving complete and accurate data regarding the loans from loan originators and other third parties upon which Consolidated Analytics is relying in reaching such findings.

**Valuation Review**

Consolidated Analytics performed a "Valuation Review," which included the following:

&nbsp;&nbsp;&nbsp;&nbsp;a. Review
 original appraisal, determination that property is in "average" condition
 or better, or property requires cosmetic improvements (as defined by the appraiser) that
 do not affect habitability. Should an area of concern be identified with the condition
 of the property, Consolidated Analytics will alert Client.

&nbsp;&nbsp;&nbsp;&nbsp;b. Review
 appraisal, determination that property is completely constructed and appraisal is on
 an "as is basis," or property is identified as not completely constructed
 by originating appraiser.

&nbsp;&nbsp;&nbsp;&nbsp;c. Review
 and determine if the appraisal report was performed on appropriate GSE forms and if the
 appraiser indicated in the body of the subject appraisal that the appraisal conforms
 to USPAP standards.

&nbsp;&nbsp;&nbsp;&nbsp;d. Review
 and determine the relevance of the comparable properties and ensure that a rational and
 reliable value was provided and supported as of the effective date of the Origination
 Appraisal.

&nbsp;&nbsp;&nbsp;&nbsp;e. Review
 adjustments (line item, net and gross adjustments) to ensure they are reasonable.

&nbsp;&nbsp;&nbsp;&nbsp;f. Ensure
 that the appraisal conforms to the guidelines provided from the Client.

&nbsp;&nbsp;&nbsp;&nbsp;g. Review
 appraisal to ensure all required documents were included.

&nbsp;&nbsp;&nbsp;&nbsp;h. Review
 location map provided within the appraisal for external obsolescence.

&nbsp;&nbsp;&nbsp;&nbsp;i. Ensure
 highest and best use and zoning complies with guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;j. Confirm
 there are no marketability issues that affect the subject property.

&nbsp;&nbsp;&nbsp;&nbsp;k. Ensure
 subject property does not suffer any functional obsolescence.

&nbsp;&nbsp;&nbsp;&nbsp;l. Where
 applicable, determine if the file did not contain the appraisal or other valuation method
 and a review could not be performed.

&nbsp;&nbsp;&nbsp;&nbsp;m. Additional
 valuation products were not required when the CU score provided was 2.5 or below or the
 appraisal LCA risk score was eligible for Collateral Rep and Warranty relief. In the
 event the CU score was greater than 2.5 or the LCA score was not eligible for R&W
 relief, an additional valuation product was obtained to confirm value was supported within
 10% tolerance. In some instances, based on guidance from the seller, CDA's were
 ordered on loans that had an acceptable CU score or R&W eligibility.

Consolidated Analytics applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third party valuation product.

For loans reviewed in a post-close valuation review scenario (9 loans in total):

Zero (0) loans had Secondary Appraisal, zero (0) loans had an AVM, and seven (7) loans had Desktop Reviews. Consolidated Analytics has independent access to the Desktop Reviews ordered by the Aggregator.

If a loan with an AVM or Desktop Review fell outside of a -10% tolerance, was inconclusive, or a PIW was present, then a Field Review, a Broker Price Opinion (BPO) along with a Reconciliation of the values or a 2nd Appraisal was completed. There were zero (0) occurrences of this.

Zero (0) loans had a Second Desk Review, and zero (0) loans had a Full Appraisal Review.

**Product totals may not sum due to multiple products for each loan**

**TAPE INTEGRITY REVIEW RESULTS SUMMARY**

Of the nine (9) mortgage loans reviewed, zero (0) unique mortgage loans (0.00% by loan count) had a total of zero (0) discrepancies across zero (0) data fields. A blank or zero value on the data tape when an actual value was captured by Consolidated Analytics was not treated as a data variance.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Fields Reviewed** | &nbsp;&nbsp;**Discrepancy <br> Count** | &nbsp;&nbsp;**Percentage** |
| &nbsp;&nbsp;**Grand Total** | &nbsp;&nbsp;**0** | &nbsp;&nbsp;**-** |

---

**Summary of Results**

**OVERALL RESULTS SUMMARY**

**Final Loan Grades**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Overall Loan Results:** | &nbsp;&nbsp;**Overall Loan Results:** | &nbsp;&nbsp;**Overall Loan Results:** | &nbsp;&nbsp;**Overall Loan Results:** |
| &nbsp;&nbsp;Event Grade | &nbsp;&nbsp;Loan <br> Count | &nbsp;&nbsp;Original Principal <br> Balance | &nbsp;&nbsp;Percent of <br> Sample |
| &nbsp;&nbsp;Event Grade A | &nbsp;&nbsp;8 | &nbsp;&nbsp;$2482790.00 | &nbsp;&nbsp;88.89% |
| &nbsp;&nbsp;Event Grade B | &nbsp;&nbsp;1 | &nbsp;&nbsp;$507750.00 | &nbsp;&nbsp;11.11% |
| &nbsp;&nbsp;Event Grade C | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;Event Grade D | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;**Total Sample** | &nbsp;&nbsp;9 | &nbsp;&nbsp;$2990540.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Credit Results:** | &nbsp;&nbsp;**Credit Results:** | &nbsp;&nbsp;**Credit Results:** |  |
| &nbsp;&nbsp;Event Grade | &nbsp;&nbsp;Loan <br> Count | &nbsp;&nbsp;Percent of Sample |  |
| &nbsp;&nbsp;Event Grade A | &nbsp;&nbsp;8 | &nbsp;&nbsp;88.89% |  |
| &nbsp;&nbsp;Event Grade B | &nbsp;&nbsp;1 | &nbsp;&nbsp;11.11% |  |
| &nbsp;&nbsp;Event Grade C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |  |
| &nbsp;&nbsp;Event Grade D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |  |
| &nbsp;&nbsp;**Total Sample** | &nbsp;&nbsp;9 | &nbsp;&nbsp;100.00% |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Compliance Results: (As applicable, 7 loans within population did not receive a Compliance Review)** | &nbsp;&nbsp;**Compliance Results: (As applicable, 7 loans within population did not receive a Compliance Review)** | &nbsp;&nbsp;**Compliance Results: (As applicable, 7 loans within population did not receive a Compliance Review)** |
| &nbsp;&nbsp;Event Grade | &nbsp;&nbsp;Loan <br> Count | &nbsp;&nbsp;Percent of Sample |
| &nbsp;&nbsp;Event Grade A | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Event Grade B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;Event Grade C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;Event Grade D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;**Total Sample** | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Valuation Results:** | &nbsp;&nbsp;**Valuation Results:** | &nbsp;&nbsp;**Valuation Results:** |
| &nbsp;&nbsp;Event Grade | &nbsp;&nbsp;Loan <br> Count | &nbsp;&nbsp;Percent of Sample |
| &nbsp;&nbsp;Event Grade A | &nbsp;&nbsp;9 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Event Grade B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;Event Grade C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;Event Grade D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;**Total Sample** | &nbsp;&nbsp;9 | &nbsp;&nbsp;100.00% |

---

**Exception Category Summary**

The table below summarizes the individual exceptions which carried an associated "A", "B", "C", or "D" level exception grade. One loan may have carried more than one exception. In such cases, the exception with the lowest grade would drive the loan grade for that particular area of the review. The overall loan grade is the lowest grade for any one particular review scope (ex. a loan with a Compliance Grade of "B", a Credit Grade of "A", and a Property Grade of "A" would receive an overall Loan Grade of "B").

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Exception Type | &nbsp;&nbsp;Exception Level Grade | &nbsp;&nbsp;Exception Category | &nbsp;&nbsp;Total |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;No Credit Findings | &nbsp;&nbsp;4 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;CLOSING DISCLOSURE/SETTLEMENT STATEMENT MISSING OR DEFECTIVE | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;NO FINDINGS | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;PAYOFF STATEMENT MISSING OR DEFECTIVE | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Borrower 1 3rd Party VOE Prior to Close Missing | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;LOAN APPLICATION MISSING OR DEFECTIVE | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;***Total Credit Grade (A) Exceptions:*** | &nbsp;&nbsp;**10** |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Excessive LTV Ratio | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;***Total Credit Grade (B) Exceptions:*** | &nbsp;&nbsp;**1** |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Missing Required Affiliated Business Disclosure | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Charges That Cannot Increase Test | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;***Total Compliance Grade (A) Exceptions:*** | &nbsp;&nbsp;**3** |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A | &nbsp;&nbsp;Property/Appraisal General | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A |  |  |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A |  |  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;No Property Findings | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;***Total Property Grade (A) Exceptions:*** | &nbsp;&nbsp;**2** |

---

**Event Grade Definitions**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Final Loan Grade** | &nbsp;&nbsp;**Final Loan Grade** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;Loan meets Credit, Compliance, and Valuation Guidelines |
| &nbsp;&nbsp;B | &nbsp;&nbsp;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. |
| &nbsp;&nbsp;C | &nbsp;&nbsp;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. |
| &nbsp;&nbsp;D | &nbsp;&nbsp;Loan is missing documentation to perform a sufficient review. |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Credit Event Grades** | &nbsp;&nbsp;**Credit Event Grades** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;The loan meets the published guidelines without any exceptions. The employment, income, assets and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |
| &nbsp;&nbsp;B | &nbsp;&nbsp;The loan substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding published guidelines. The employment, income, assets and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |
| &nbsp;&nbsp;C | &nbsp;&nbsp;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. The borrower's willingness and ability to repay the loan were not documented or are unreasonable. |
| &nbsp;&nbsp;D | &nbsp;&nbsp;There was not sufficient documentation to perform a review or the credit file was not furnished. |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Compliance Event Grades** | &nbsp;&nbsp;**Compliance Event Grades** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;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. |
| &nbsp;&nbsp;B | &nbsp;&nbsp;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. |
| &nbsp;&nbsp;C | &nbsp;&nbsp;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. |
| &nbsp;&nbsp;D | &nbsp;&nbsp;There was not sufficient documentation to perform a review or the required legal documents were not furnished. |

---

---

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

---

## Exhibit 99.18

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.18**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Deal ID** | **Seller Loan Number** | **Originator** | **Last Name** | **Note Date** | **Original Balance** | **State** | **TPR QM ATR Status** | **Loan Status** | **Exception Date** | **Remediation Status** | **Exception ID** | **Exception Type** | **Exception Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception Rebuttal Response Date** | **Compensating Factors** | **Initial Compliance Grade** | **Final Compliance Grade** | **Initial Compliance Grade (DBRS/Morningstar)** | **Initial Compliance Grade (Fitch)** | **Initial Compliance Grade (Kroll)** | **Initial Compliance Grade (Moodys)** | **Initial Compliance Grade (S&P)** | **Final Compliance Grade (DBRS/Morningstar)** | **Final Compliance Grade (Fitch)** | **Final Compliance Grade (Kroll)** | **Final Compliance Grade (Moodys)** | **Final Compliance Grade (S&P)** |
| XXXX | 4350120969 |  | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM Exempt | Loan Review Complete | XXXX | Resolved | XXXX | Credit | No Credit Findings | The loan meets all applicable guides |  |  |  |  | A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120963 |  | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM Exempt | Loan Review Complete | XXXX | Acknowledged | XXXX | Credit | Excessive LTV Ratio | 75% LTV > 70% Max LTV for 1x30x12 MTG history. UW Exception Approval in file | 20260505: Exception in file | XXXX | 20260505: Exception in file | XXXX | 1.44 DSCR, Experienced Investor, FICO 710 B A | N/A | N/A B | N/A B | N/A B | N/A B | N/A B | N/A B | N/A B | N/A B | N/A B | N/A B | N/A |
| XXXX | 4350120964 |  | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM Exempt | Loan Review Complete | XXXX | Resolved | XXXX | Credit | No Credit Findings | The loan meets all applicable guides |  |  |  |  | A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120966 |  | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM Exempt | Loan Review Complete | XXXX | Resolved | XXXX | Credit | No Credit Findings | The loan meets all applicable guides |  |  |  |  | A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120961 |  | XXXX | XXXX | XXXX | XXXX | XXXX | Non-QM: Lender documented all ATR UW factors | Loan Review Complete | XXXX | Resolved | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. | No open finding, please clear this open finding or provide clarification. Thank you! | XXXX | Informational | XXXX | Borrower has stable job time - Borrower has 6.04 years on job.<br>Qualifying DTI below max allowed. - Calculated DTI of 37.62% is less than Guideline DTI of 50% A | C | A C | C A | C A | C A | C A | C A | A | A | A | A | A |
| XXXX | 4350120961 |  | XXXX | XXXX | XXXX | XXXX | XXXX | Non-QM: Lender documented all ATR UW factors | Loan Review Complete | XXXX | Resolved | XXXX | Property | No Property Findings | Property and valuations related findings were not identified on the loan. | No finding to clear, please clear this open finding or provide clarification. Thank you! | XXXX | Informational | XXXX | Borrower has stable job time - Borrower has 6.04 years on job.<br>Qualifying DTI below max allowed. - Calculated DTI of 37.62% is less than Guideline DTI of 50% A | C | A C | C A | C A | C A | C A | C A | A | A | A | A | A |
| XXXX | 4350120961 |  | XXXX | XXXX | XXXX | XXXX | XXXX | Non-QM: Lender documented all ATR UW factors | Loan Review Complete | XXXX | Resolved | XXXX | Compliance | Charges That Cannot Increase Test | TILA 130b Cure Required. Refund in the amount of $XXXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of $XXXX is due to increase from $XXXX on the LE dated XXXX to $XXXX on the final CD dated XXXX for the loan discount points. No COC or pricing/lock confirmations were provided. This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). | Document Uploaded. | XXXX | Valid COC received - exception resolved; Valid COC received - exception resolved | XXXX | Borrower has stable job time - Borrower has 6.04 years on job.<br>Qualifying DTI below max allowed. - Calculated DTI of 37.62% is less than Guideline DTI of 50% A | C | A C | C A | C A | C A | C A | C A | A | A | A | A | A |
| XXXX | 4350120961 |  | XXXX | XXXX | XXXX | XXXX | XXXX | Non-QM: Lender documented all ATR UW factors | Loan Review Complete | XXXX | Resolved | XXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates. | Document Uploaded. | XXXX | Required Affiliated Business Disclosure Documentation Provided | XXXX | Borrower has stable job time - Borrower has 6.04 years on job.<br>Qualifying DTI below max allowed. - Calculated DTI of 37.62% is less than Guideline DTI of 50% A | C | A C | C A | C A | C A | C A | C A | A | A | A | A | A |
| XXXX | 4350120962 |  | XXXX | XXXX | XXXX | XXXX | XXXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | XXXX | Resolved | XXXX | Property | Property/Appraisal General | Property/Appraisal guideline violation: The XXXX identify rural properties as an ineligible property type. The subject property is located in a rural area per the appraisal and does not meet the property eligibility requirements. The subject property is therefore ineligible. | This should have been reviewed as an Empower Ease Alt Doc with Lonestar. I am not sure if the tape was incorrect at the time of upload. Can you please revisit / review as Empower. Thank you! | XXXX | Property/Appraisal Meets Guidelines | XXXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 740 is greater than Guideline minimum FICO of 700.<br>Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.54% is less than Guideline CLTV of 80%<br>Qualifying DTI below max allowed. - Calculated DTI of 32.43% is less than Guideline DTI of 50%<br>Original LTV is Below the Guideline Maximum - Calculated LTV of 57.54% is less than Guideline LTV of 80%<br>Borrower has stable job time - Borrower has 23.64 years on job. A | B | A D C | B D C | B D C | B D C | B D C | B A | A | A | A | A | A |
| XXXX | 4350120962 |  | XXXX | XXXX | XXXX | XXXX | XXXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | XXXX | Resolved | XXXX | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd Party VOE Prior to Close Missing. The loan file includes the Borrower's active XXXX license, confirming individual authorization to practice. However, professional licensure does not verify the legal status of the entity (XXXX). Please provide a Third-Party Verification that the Business is in existence, in good standing and active as required per XXXX | Document Uploaded. | XXXX | Borrower 1 3rd Party VOE Prior to Close Was Provided. | XXXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 740 is greater than Guideline minimum FICO of 700.<br>Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.54% is less than Guideline CLTV of 80%<br>Qualifying DTI below max allowed. - Calculated DTI of 32.43% is less than Guideline DTI of 50%<br>Original LTV is Below the Guideline Maximum - Calculated LTV of 57.54% is less than Guideline LTV of 80%<br>Borrower has stable job time - Borrower has 23.64 years on job. A | B | A D C | B D C | B D C | B D C | B D C | B A | A | A | A | A | A |
| XXXX | 4350120962 |  | XXXX | XXXX | XXXX | XXXX | XXXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | XXXX | Resolved | XXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates. | Document Uploaded. | XXXX | Affiliated attestation provided; Exception resolved; Required Affiliated Business Disclosure Documentation Provided. | XXXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 740 is greater than Guideline minimum FICO of 700.<br>Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.54% is less than Guideline CLTV of 80%<br>Qualifying DTI below max allowed. - Calculated DTI of 32.43% is less than Guideline DTI of 50%<br>Original LTV is Below the Guideline Maximum - Calculated LTV of 57.54% is less than Guideline LTV of 80%<br>Borrower has stable job time - Borrower has 23.64 years on job. A | B | A D C | B D C | B D C | B D C | B D C | B A | A | A | A | A | A |
| XXXX | 4350120965 |  | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | LOAN APPLICATION MISSING OR DEFECTIVE | MISSING LOAN APPLICATION OR TERM SHEET |  |  | 20260402/CA: RECEIVED | XXXX | D A | N/A | N/A D | N/A D | N/A D | N/A D | N/A D | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120965 |  | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | CLOSING DISCLOSURE/SETTLEMENT STATEMENT MISSING OR DEFECTIVE | MISSING PRELIMINARY HUD |  |  | 20260402/CA: RECEIVED | XXXX | D A | N/A | N/A D | N/A D | N/A D | N/A D | N/A D | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120967 |  | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | PAYOFF STATEMENT MISSING OR DEFECTIVE | MISSING PAYOFF STATEMENT FOR REFINANCE TRANSACTION AND PAYOFF OF LIEN REFLECTED ON TITLE COMMITMENT SCH B ITEM XXXXX RECORDED XXXX | MISSING PAYOFF STATEMENT FOR REFINANCE TRANSACTION AND PAYOFF OF LIEN REFLECTED ON TITLE COMMITMENT SCH B ITEM XXXXX RECORDED XXXX | MISSING PAYOFF STATEMENT FOR REFINANCE TRANSACTION AND PAYOFF OF LIEN REFLECTED ON TITLE COMMITMENT SCH B ITEM XXXXX RECORDED XXXX | 20260424/CA: RECEIVED | XXXX | C A | N/A | N/A C | N/A C | N/A C | N/A C | N/A C | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120967 |  | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | CLOSING DISCLOSURE/SETTLEMENT STATEMENT MISSING OR DEFECTIVE | PROVIDED PRELIM HUD DOES NOT MATCH THE LOAN AMOUNT AND OMITS PAYOFF | PROVIDED PRELIM HUD DOES NOT MATCH THE LOAN AMOUNT AND OMITS PAYOFF |  | 20260424/CA: RECEIVED | XXXX | C A | N/A | N/A C | N/A C | N/A C | N/A C | N/A C | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120968 |  | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | NO FINDINGS | THE LOAN MEETS ALL APPLICABLE GUIDELINES |  |  |  |  | A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |

---

## Exhibit 99.19

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.19**

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Original Loan Amount** | **Initial Compliance Loan Grades DBRS** | **Initial Compliance Loan Grades Fitch** | **Initial Compliance Loan Grades Kroll** | **Initial Compliance Loan Grades Moody's** | **Initial Compliance Loan Grades S&P** | **Final Compliance Loan Grades DBRS** | **Final Compliance Loan Grades Fitch** | **Final Compliance Loan Grades Kroll** | **Final Compliance Loan Grades Moody's** | **Final Compliance Loan Grades S&P** |
| XXXX | 4350120969 |  |  | XXXX A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120963 |  |  | XXXX B | N/A | N/A | N/A | N/A | N/A B | N/A | N/A | N/A | N/A | N/A B |
| XXXX | 4350120964 |  |  | XXXX A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120966 |  |  | XXXX A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120961 |  |  | XXXX A | C | C | C | C | C A | A | A | A | A | A |
| XXXX | 4350120962 |  |  | XXXX D | B | B | B | B | B C D A | A | A | A | A | A |
| XXXX | 4350120965 |  |  | XXXX D | N/A | N/A | N/A | N/A | N/A D | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120967 |  |  | XXXX C | N/A | N/A | N/A | N/A | N/A C | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350120968 |  |  | XXXX A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |

---

## Exhibit 99.20

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.20**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Total Adjusted Prior Purchase Price** | **Primary Appraised Value** | **Primary Appraisal Date** | **Primary Appraisal Type** | **Value for LTV** | **LTV** | **CLTV** | **Loan Reviewed Property Value** | **Loan Reviewed Variance Amount** | **Loan Reviewed Variance Percent** | **Loan Post-Close Reviewed Property Value** | **Loan Post-Close Reviewed Variance Amount** | **Loan Post-Close Reviewed Variance Percent** | **Loan Post-Close Reviewed Product Type** | **Second Appraisal Value** | **Second Appraisal Variance Amount** | **Second Appraisal Variance Percent** | **Second Appraisal Date** | **Second Appraisal Type** | **AVM Appraised Value** | **AVM Variance Amount** | **AVM Variance Percent** | **AVM Confidence Score** | **FSD Score** | **AVM Company Name** | **AVM Product Name** | **AVM Appraisal Date** | **Desk Review Appraised Value** | **Desk Review Variance Amount** | **Desk Review Variance Percent** | **Desk Review Company** | **Desk Review Risk Score** | **Desk Review Appraisal Date** | **Second Desk Review Variance Amount** | **Second Desk Review Variance Percent** | **Second Desk Review Appraisal Date** | **Second Desk Review Appraised Value** | **Desk Top Appraised Value** | **Desk Top Variance Amount** | **Desk Top Variance Percent** | **Desk Top Company** | **Desk Top Appraisal Date** | **BPO Appraised Value** | **BPO Variance Amount** | **BPO Variance Percent** | **BPO Company** | **BPO Appraisal Date** | **Field Review Appraised Value** | **Field Review Variance Amount** | **Field Review Variance Percent** | **Field Review Company** | **Field Review Appraisal Date** | **2055 Appraised Value** | **2055 Variance Amount** | **2055 Variance Percent** | **2055 Company** | **2055 Appraisal Date** | **AVE/CMA Appraised Value** | **AVE/CMA Variance Amount** | **AVE/CMA Variance Percent** | **AVE/CMA Company** | **AVE/CMA Appraisal Date** | **Other Appraised Value** | **Other Variance Amount** | **Other Variance Percent** | **Other Appraisal Date** | **Updated Appraised Value** | **Updated Variance Amount** | **Updated Variance Percent** | **Updated Company** | **Updated Appraisal Date** | **Updated Appraisal Type** | **Loan Collateral Advisor Risk Score** | **Loan Collateral Advisor Risk Score Date** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score Date** |
| XXXX | 4350120969 |  |  | XXXX | XXXX |  |  | XXXX | XXXX | 1025 | XXXX | 75.00% | 75.00% | XXXX | $0.00 | 0.00% CDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | $0.00 | 0.00% | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| XXXX | 4350120963 |  |  | XXXX | XXXX |  |  | XXXX | XXXX | 1073 | XXXX | 75.00% | 75.00% | XXXX | $0.00 | 0.00% CDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | $0.00 | 0.00% | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| XXXX | 4350120964 |  |  | XXXX | XXXX |  |  | XXXX | XXXX | 1073 | XXXX | 75.00% | 75.00% | XXXX | $0.00 | 0.00% CDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | $0.00 | 0.00% | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| XXXX | 4350120966 |  |  | XXXX | XXXX |  |  | XXXX | XXXX | 1025 | XXXX | 75.00% | 75.00% | XXXX | $0.00 | 0.00% CDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | $0.00 | 0.00% | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| XXXX | 4350120961 |  |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | 1004 URAR | XXXX | 85.00% | 85.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| XXXX | 4350120962 |  |  | XXXX | XXXX |  |  | XXXX | XXXX | 1004 URAR | XXXX | 57.54% | 57.54% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.7 |  |
| XXXX | 4350120965 |  |  | XXXX | XXXX |  |  | XXXX | XXXX | 1004 | XXXX | 63.00% | 63.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | $0.00 | 0.00% | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350120967 |  |  | XXXX | XXXX |  |  | XXXX | XXXX | 1004 | XXXX | 60.13% | 60.13% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | $0.00 | 0.00% | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350120968 |  |  | XXXX | XXXX |  |  | XXXX | XXXX | 1004 | XXXX | 75.00% | 75.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | $0.00 | 0.00% | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

## Exhibit 99.21

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.21**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Seller Loan ID** | **Field Name** | **Verified Value** | **Bid Tape Value** | **Comment** |

---

## Exhibit 99.22

**Exhibit 99.22**

![](ex9922001.jpg)

FORWARD THINKING. SEAMLESS SOLUTIONS**.**

Executive Summary

COLT 2026-5

Dated: June 8, 2026

**290 S Preston Road \| Suite 370 \| Prosper, TX 75078**<br> **P: 888.892.1843** **\| evolvemortgageservices.com** <br>

Forward Thinking. Seamless Solutions.

**EXECUTIVE SUMMARY**

**Overview** 

Evolve Mortgage Services ("Evolve") performed certain due diligence services (the "Review") described below on loans backed by residential properties (the "Loans") originated by a lender and subsequently purchased by Lone Star Residential Acquisitions, LLC (the "Client"). The Review was conducted via files imaged and provided by the lender or its designee for review. The Review results were conveyed to the Client by a Reliance Letter.

**Sample size and criteria.**

The final population of the Review covered 2 Residential Loans totaling an original principal balance of approximately $577,075.00. Evolve is not aware of the overall securitization population as other third-party review ("TPR") firms may have reviewed loans within the overall securitization loan population.

**Determination of the sample size and computation.**

The Review was conducted consistent with the criteria for Fitch Ratings, Inc. ("Fitch"), the NRSRO identified in Item 3 of the ABS Due Diligence-15E.

**Quality or integrity of information or data about the assets: review and methodology.**

Evolve compared data fields on the bid tape provided by the Client and uploaded to the underwriting system to the data found in the Loan file as captured during the Review. The data integrity review was completed versus tapes as provided at the time of initial diligence or subsequently updated. Discrepancies outside of reasonable tolerances were reported. Not all data elements were provided to Evolve on every loan within the securitization population. This comparison, when data was available, included the following data fields:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;Property City |
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Property State |
| &nbsp;&nbsp;Doc Type | &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;Property Street Address |
| &nbsp;&nbsp;DSCR | &nbsp;&nbsp;Original CLTV | &nbsp;&nbsp;Property Type |
| &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Original Interest Rate | &nbsp;&nbsp;Property Zip |
| &nbsp;&nbsp;Index Type | &nbsp;&nbsp;Original Loan Amount | &nbsp;&nbsp;QM Status |
| &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;Original LTV | &nbsp;&nbsp;Qualifying Credit Score |
| &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Original P&I | &nbsp;&nbsp;Qualifying DTI |
| &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;Original Term | &nbsp;&nbsp;Sales Price |
| &nbsp;&nbsp;Margin | &nbsp;&nbsp;Prepayment Penalty | &nbsp;&nbsp;Self-Employment Flag |

---

---

| | |
|:---|:---|
| ![](ex9922003.jpg)© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential<br>| 1 \| P a g e |

---

Forward Thinking. Seamless Solutions.

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

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

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

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

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

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

---

| | |
|:---|:---|
| ![](ex9922003.jpg)© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential<br>| 2 \| P a g e |

---

Forward Thinking. Seamless Solutions.

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

**DU/LP Review:** When provided and appropriate, Evolve verified that DU findings included an approved/eligible decision where required by the guidelines. However, all mortgage loans are manually underwritten with documentation requirements determined by the guidelines and not AUS findings.

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

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

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

If a report was present, Evolve reviewed the report for (i) any name variations for the borrowers, (ii) any social security number variations for the borrowers, (iii) any potential occupancy issues based on the borrower's address history, (iv) any noted employment issues, and (v) any additional consumers associated with the borrower's profile. If any findings were noted, Evolve

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confirmed that such findings and/or variations were addressed by the originator in the origination of the asset or that such red flag issues were fully addressed via mortgage loan documentation provided.

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

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

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

**Regulatory Compliance:** Evolve conducted a review to determine whether the loan met certain federal, state and local regulatory requirements at the time of origination when applicable. All applicable tests and disclosure reviews were graded in accordance with the Structured Finance Association ("SFA") published RMBS 3.0 TRID Compliance Review Scope. The Regulatory Compliance Review conducted is fully detailed in Appendix A.

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

Evolve's review included a review of the valuation materials utilized during the origination of the loan and in confirming the value of the underlying property. Evolve's review included verifying the appraisal report was (i) on the appropriate GSE form (for the Residential Population), (ii) materially complete, (iii) in conformity with the guideline requirements for the property type in question, (iv) completed by an appraiser (for residential properties) that was actively licensed to perform the valuation, (v) completed, for residential properties, such that the named client on the appraisal report is the lender or a related entity that is permitted to

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engage the lender per Title XI of FIRREA, (vi) made and signed prior to the final approval of the mortgage loan application, (vii) completed and dated within the guideline requirements, (vii) made on an "as is" basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

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

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

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**SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW**

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

**Compliance Results Summary**

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| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**Fitch** | &nbsp;&nbsp;**Fitch** |
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;N/A | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**2** | &nbsp;&nbsp;**100.00%** |

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**Credit Results Summary**

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| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**Fitch** | &nbsp;&nbsp;**Fitch** |
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;N/A | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**2** | &nbsp;&nbsp;**100.00%** |

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**Property Valuation Results Summary**

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| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**Fitch** | &nbsp;&nbsp;**Fitch** |
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;N/A | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**2** | &nbsp;&nbsp;**100.00%** |

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**Overall Results Summary**

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| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**Fitch** | &nbsp;&nbsp;**Fitch** |
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;N/A | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**2** | &nbsp;&nbsp;**100.00%** |

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**Data Integrity Summary**

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| &nbsp;&nbsp;**Field Label** | &nbsp;&nbsp;**# Loans with Discrepancy** | &nbsp;&nbsp;**Total Time Compared** | &nbsp;&nbsp;**% Variance** |
| &nbsp;&nbsp;Doc Type | &nbsp;&nbsp;2 | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property Zip | &nbsp;&nbsp;1 | &nbsp;&nbsp;2 | &nbsp;&nbsp;50.00% |
| &nbsp;&nbsp;QM Status | &nbsp;&nbsp;1 | &nbsp;&nbsp;2 | &nbsp;&nbsp;50.00% |
| &nbsp;&nbsp;Self-Employment Flag | &nbsp;&nbsp;1 | &nbsp;&nbsp;2 | &nbsp;&nbsp;50.00% |

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**APPENDIX A**

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

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

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

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

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**<u>FOR APPLICATION DATES BEFORE JANUARY 10, 2014</u>**

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

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

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

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

iii) errors in the right of rescission notice;

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

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

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

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

ii) proper execution by all required parties;

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

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

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

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

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

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

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

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

ii) compliance with the escrow account and appraisal requirements;

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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vii) confirm the Affiliated Business Arrangement Disclosure is executed; and <br> viii) confirm the presence of the Initial Escrow Disclosure Statement in the loan file and proper timing.

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

**(IV) The disclosure requirements and prohibitions of state, county and municipal laws and ordinances with respect to "high-cost" loans, "covered" loans, "higher-priced" loans, "home" loans or any other similarly designated 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;**

**(V) Federal and state specific late charge and prepayment penalty provisions;**

**(VI) Document Review**

Evolve reviewed each mortgage loan file and verified if the following documents, if applicable, for the Review scope in question at the time of review, were included in the file and if the data on these documents was consistent:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Final application
 (1003);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Note;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Appraisal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Sales contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Title/Preliminary
 Title;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Initial TIL;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Final TIL;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Final HUD-1;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Right of Rescission
 Disclosure;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Mortgage Insurance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Tangible Net Benefit
 Disclosure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ FACTA disclosures;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Certain other disclosures
 related to the enumerated tests set forth herein.

**<u>FOR APPLICATION DATES ON OR AFTER JANUARY 10, 2014</u>**

For mortgage loans with application dates on or after January 10, 2014 additional compliance testing was applicable and conducted by Evolve. Testing during this period included all items as referenced in the **FOR APPLICATION DATES BEFORE JANUARY 10, 2014** section above plus:

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**(VII) Federal Truth in Lending Act ("TILA"), as implemented by Regulation Z, 12 C.F.R. Part 1026 testing included:**

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm
 that the creditor provided the borrower a list of homeownership counseling organizations within three (3) business days of
 application; and

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ii) confirm that the list of homeownership counseling organizations was obtained no earlier than 30 days prior to when the list was provided to the loan applicant.

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

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

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

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

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

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

*<u>Qualified Mortgage</u>*

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

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

For each QM designated loan that satisfied the applicable requirements enumerated above, Evolve then determines whether the loan is a Safe Harbor QM or Higher Priced QM by

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comparing the loan's actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage.

The Review also includes determining, as applicable, whether a loan is a qualified mortgage as defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.).

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

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

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

*Note*: for loans designated as QM – agency eligible, Evolve will not review for compliance with the requirements of Appendix Q or General Ability to Repay.

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

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

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

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

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

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

iv) with respect to a borrower that has waived the three (3) business day disclosure requirement, confirm that the borrower has signed the waiver or other acknowledgment at least three (3) business days prior to consummation; and (2) confirm that the lender has provided copies of appraisals and other written valuations at or prior to consummation.

**(XI) FIRREA Review**

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

**<u>FOR APPLICATION DATES ON OR AFTER OCTOBER 3, 2015</u>**

For mortgage loans with application dates on or after October 3, 2015 additional compliance testing was applicable and conducted by Evolve. Testing during this period included all items as referenced in the **FOR APPLICATION DATES BEFORE JANUARY 10, 2014 and FOR APPLICATION DATES ON OR AFTER JANUARY 10, 2014** sections above plus:

With regard to TILA-RESPA Integrated Disclosure ("TRID") testing, Evolve implemented the TRID scope of review referenced within the Regulatory Compliance section (III) based on (i) the RMBS 3.0 TRID Compliance Review Scope published by the Structured Finance Association (the "SFA Compliance Review Scope") and (ii) outside counsel's interpretations of the published regulations as of the date of review of each mortgage loan. Evolve worked with outside counsel and continues to obtain updated interpretations relative to the informal guidance provided by the Consumer Financial Protection Bureau ("CFPB") which has caused alterations in the review scope and severity of TRID related exceptions, including applicable cures. (This will continue as necessary as additional guidance becomes available, as well as any future rulemaking.) While Evolve continues to make a good faith effort to identify material TRID exceptions and apply the appropriate grading, the implementation of new regulations (including TRID) that impact residential mortgages carries certain interpretive risk and continues to evolve, impacting the review scope and exception severity. Evolve has worked closely with the NRSRO and Client to disclose, as mutually agreed upon by the parties, the relevant exceptions per Evolve's suggested review implementation as reviewed by outside counsel; however, no assurances can be provided and/or are given that Evolve has included within its Review all areas that may represent risk to the securitization trust, or that areas of risk identified by Evolve will result in the potential level of risk indicated by an Event Level or NRSRO grade.

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

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) confirm
 that any written estimate of terms or costs provided prior to receipt of a LE contained the required disclosures;

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

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vii) confirm the presence and timely provision of a settlement service provider list (when consumer is given the opportunity to shop for services);

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

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

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

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

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

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

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

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

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

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

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

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

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

**(XIII) Document Review**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Loan
 Estimates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Closing
 Disclosures; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Certain
 other disclosures related to the enumerated tests set forth herein.

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## Exhibit 99.23

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.23**

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| |
|:---|
| **Rating Agency Grades** |
| **Run Date - 06/02/2026 11:47:57 AM** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** |
| **Evolve Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Deal ID** | **Original Loan Amount** |
| XXXX | XXXX | XXXX | 4350120970 | XXXX A |
| XXXX | XXXX | XXXX | 4350120971 | XXXX A |

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## Exhibit 99.24

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.24**

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| |
|:---|
| **Exception Detail** |
| **Run Date - 06/02/2026 11:47:57 AM** |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Evolve Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Loan Exception ID** | **Exception ID** | **Exception Date** | **Exception Type** | **Exception Category** | **Exception Subcategory** | **Exception** | **Exception Detail** | **Exception Information** | **Exception Remediation** | **Compensating Factors** | **Follow-up Comments** | **Cleared Date** | **Cured Date** | **Waived Date** | **Exception Level Grade** | **Exception Level Rating** | **Note Date** | **Property State** | **Occupancy** | **Purpose** | **Overall Initial Loan Grade** | **Overall Final Loan Grade** | **Credit Initial Loan Grade** | **Credit Final Loan Grade** | **Compliance Initial Loan Grade** | **Compliance Final Loan Grade** | **Property Initial Loan Grade** | **Property Final Loan Grade** | **Originator QM ATR Status** | **TPR QM ATR Status** | **Is Curable** |

---

## Exhibit 99.25

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.25**

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| |
|:---|
| **Valuation Report** |
| **Run Date - 06/02/2026 11:47:57 AM** |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **Origination Values** | **AVM Values** | **AVM Values** | **AVM Values** | **AVM Values** | **AVM Values** | **AVM Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Top Review Values** | **Desk Top Review Values** | **Desk Top Review Values** | **Desk Top Review Values** | **Desk Top Review Values** | **BPO Values** | **BPO Values** | **BPO Values** | **BPO Values** | **BPO Values** | **Field Review Values** | **Field Review Values** | **Field Review Values** | **Field Review Values** | **Field Review Values** | **2055 Values** | **2055 Values** | **2055 Values** | **2055 Values** | **2055 Values** | **Updated Values** | **Updated Values** | **Updated Values** | **Updated Values** | **Updated Values** | **Updated Multi Property Values** | **Updated Multi Property Values** | **Updated Multi Property Values** | | |
| **Evolve Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Deal ID** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Appraised Value** | **Value for LTV** | **Appraisal Date** | **Appraisal Type** | **Appraisal Company** | **Appraiser Name** | **Appraiser State License Number** | **Second Appraisal Value** | **Variance Amount** | **Variance Percent** | **Second Appraisal Date** | **Second Appraisal Type** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Confidence Score** | **Appraisal Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Date** | **Aggregate Appraised Value** | **Aggregate Variance Amount** | **Aggregate Variance Percent** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **Collateral Underwriter Risk Score** |
| XXXX | XXXX | XXXX | 4350120970 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | $0.00 | 0.00% | XXXX A | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| XXXX | XXXX | XXXX | 4350120971 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | $0.00 | 0.00% | XXXX A | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |

---

## Exhibit 99.26

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.26**

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|:---|
| **Data Compare** |
| **Run Date - 06/02/2026 11:47:57 AM** |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Evolve Loan ID** | **Customer Loan ID** | **Deal ID** | **Seller Loan ID** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Comment** |
| XXXX | XXXX | 4350120970 | XXXX | Doc Type | Alternative | Bank Statement | 12 mo Bank Statements |
| XXXX | XXXX | 4350120971 | XXXX | Doc Type | Alternative | Bank Statement | N/A 12 MONTHS BANK STATEMENTS USED |
| XXXX | XXXX | 4350120971 | XXXX | Property Zip | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350120971 | XXXX | QM Status | Exempt | Non-QM | Verified |
| XXXX | XXXX | 4350120971 | XXXX | Self-Employment Flag | N | Y | N/A 12 MONTHS BANK STATEMENTS USED |

---

## Exhibit 99.27

**Exhibit 99.27**

EXECUTIVE SUMMARY

COLT 2026-5

**Overview**

Maxwell Diligence Solutions, LLC ("MaxDiligence"), a third-party diligence provider, performed certain due diligence services (the "Review") described below on residential mortgage loans acquired by Lone Star Residential Acquisitions, LLC (the "Client").

The Review was conducted from March 2026 to June 2026 on mortgage loans (the "Loans") originated from December 2025 to May 2026.

The review consisted of 100% of the population of 153 loans with an original loan balance of $91,250,092.00.

**Scope of Review**

**Credit**

MaxDiligence performed a "Credit Review" to verify compliance with guidelines in effect at the time of loan origination, or other guidelines provided by Client prior to review, and ensure the characteristics used by the underwriter are supported by the file documentation; and determine whether any loans outside of those guidelines contain legitimate and approved exceptions with compensating factors.

The credit review included the following (collectively, the "Credit Review"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Review Initial & Final Application</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Check application for completeness. Determine whether the information in the preliminary Loan application, final application,
and all credit documents is consistent or reconciled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Validate Social Security/Taxpayer Identification number is valid

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Compare data on final form 1003 with the data from verifications

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Form is complete, signed, dated, on or before loan consummation date, and NMLS is complete

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Review AUS Decision and Approval Conditions</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Underwriting decision is supported (manual underwrite credit conditions have been satisfied prior to closing the approved Loan
package)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Validation of income calculations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Validation of assets/funds to close

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Validation of debt-to-income ratio ("DTI") calculations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Validation of debt service coverage ratio ("DSCR") calculations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Validation of LTV calculations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Validation of payment shock calculations if applicable

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. DSCR Loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Review of hazard coverage and verification that sufficient coverage was in place on subject and all premiums were included
in DSCR calculation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Mortgage insurance certificate was in file, if applicable, and coverage was sufficient, and premium was included in DSCR

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Review of rental income and/or market rents and validation of DSCR calculation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Review Occupancy/Red Flags</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Validates Social Security number and year issued

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Verifies address information associated with the borrower (s)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Occupancy is supported

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Occupancy red flags adequately addressed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Reverification of Borrower Original and Audit Credit Report</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Validate names, social security number(s), and addresses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. "Doing business as" or "also known as" names investigated and cleared

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Validate credit inquiries within 90 days have been properly addressed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Acceptable credit history and credit score requirements in conformance with applicable guidelines

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Reviews Fraud Report to compare vs loan documentation:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Validates Social Security number and year issued

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Verifies address information associated with the Borrower (s)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Confirms OFAC clearances

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Reveals any potential bankruptcy filings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Review of Borrower Employment, Income, and Asset Information</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Employment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Compare for conflicting information

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Check dates for document expiration

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Complete forms and documentation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Evaluate history and stability of employment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Review employment and income by analyzing income documents and comparing against re-verification documents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. W-2s and Paystubs, if applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Transcripts (as applicable) support income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Tax Returns and Profit and Loss Statements, as applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Bank Statements or other Alternate Income documents as required by the guidelines

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Consistent/Continuing Employment, if applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Rental Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Compare for conflicting information

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Check dates for document expiration

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Review rental income or DSCR by analyzing income documents and comparing against re-verification documents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Leases, proof of rent received, 3rd party market rent validation, as applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Proof of short-term rents received, as per guidelines

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Confirm adequate funds to cover required down payment and closing costs and reserves

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Check dates for document expiration

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Sufficient funds were sourced and seasoned

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Gift funds verified and met guidelines

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Review Sales Contract</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Complete and executed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Earnest Money Deposit verified

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Parties are consistent

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller contributions are within guidelines

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Hazard and Flood (if applicable)</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Verify sufficient coverage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Verify coverage is for subject

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Validate all premiums are included in DTI and any required upfront premium is paid

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Mortgage Insurance (if applicable)</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Certificate in file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Sufficient Coverage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Premium indicated and included in DTI

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Review Title Commitment/Policy</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Vesting correct

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Lien position

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Legal description

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Validate no encumbrances

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Review Closing Documents</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Review security documents to ensure the Loan was closed in accordance with approval and with all required signatures and NMLS
identifiers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Correct and complete instruments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Closing Disclosure or Settlement Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Right to Cancel (if applicable)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Qualified Mortgage / Ability-to-Repay Review</u> 

Loans with application dates after January 10, 2014 and prior to October 1, 2022 are subject to the Qualified Mortgage ("QM") rule and the Ability to Repay ("ATR") rule under Regulation Z of the Truth in Lending Act, as amended. Effective October 1, 2022, loans with application dates on or after such date must comply with the General QM Final Rule, as well as the ATR rule. For these Loans, MaxDiligence will (a) confirm that the creditor provided a QM designation and (b) review the Loan for the eight (8) underwriting factors set forth Section 12(E)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. MaxDiligence reviewed each mortgage loan to determine each mortgage loan's status under the
QM and ATR rule requirements and assign a QM and ATR designation as determined by MaxDiligence. MaxDiligence will note as a material
exception if its QM and ATR designations do not confirm to the originator's original QM and ATR designations. Additionally,
MaxDiligence will note if an originator's mortgage loan designation was not provided. MaxDiligence shall use the following
designations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. MaxDiligence utilizes the following QM designations for applicable loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) QM Safe-Harbor (also known as General QM)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) QM Rebuttal Presumption (including Higher-priced loans)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Temporary QM (for all applications prior to October 1, 2022)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Non-QM

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. MaxDiligence utilizes the following ATR designations for applicable loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) ATR Compliant

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) ATR Fail

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) ATR Exempt

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. In order to determine the QM designation, as applicable, MaxDiligence will review each Loan for
the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Use of any risky mortgage loan features and terms (e.g. an interest only feature or negative amortization);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Do the "points and fees" exceed the applicable QM threshold;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Was monthly payment calculated appropriately;

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Did the creditor considered and verify income or assets at or before consummation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Did the creditor appropriately considered debt obligations, alimony and child support;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. For mortgage loan applications prior to October 1, 2022, if the DTI ratio exceeded 43% (calculated
in accordance with Appendix Q to Regulation Z).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. For mortgage loan applications on and after October 1, 2022, for which the annual percentage rate
does not exceed the average prime offer rate for a comparable transaction as of the date the interest rate is set by the amounts
specified based on loan amount (adjusted annually on January 1 by the annual percentage change in the Consumer Price Index for
All Urban Consumers (CPI-U) that was reported on the preceding June 1) and the lien position of the proposed credit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) For a first-lien covered transaction with a loan amount greater than or equal to $110,260 (indexed
for inflation), 2.25 or more percentage points; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) For a first-lien covered transaction with a loan amount greater than or equal to $66,156 (indexed
for inflation) but less than $110,260 (indexed for inflation), 3.5 or more percentage points; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) For a first-lien covered transaction with a loan amount less than $66,156 (indexed for inflation),
6.5 or more percentage points; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) For a first-lien covered transaction secured by a manufactured home with a loan amount less than
$110,260 (indexed for inflation), 6.5 or more percentage points; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) For a subordinate-lien covered transaction with a loan amount greater than or equal to $66,156
(indexed for inflation), 3.5 or more percentage points; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) For a subordinate-lien covered transaction with a loan amount less than $66,156 (indexed for inflation),
6.5 or more percentage points.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Upon completion of Section 12(B) above, if a Loan is determined to be a QM loan, MaxDiligence will
determine if the Loan is a Higher-Priced Mortgage Loan ("HPML") as defined by 12 CFR 1026.35:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If the Loan is HPML, then the Loan shall be designated as QM Rebuttal Presumption (Higher Priced);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If the Loan is not an HPML, then the Loan shall be designated as QM Safe Harbor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Upon completion of Section 12(B) above, for each Loan that is designated as Non-QM, MaxDiligence
then will determine whether the mortgage loan complies with the ATR rule, in accordance with the Guidelines.

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. MaxDiligence will evaluate the Loan for ATR compliance based on the following eight factors and
will verify such information using reasonably reliable third-party records, at or before consummation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Income / Assets: Recalculate borrower(s)'s monthly gross income, and validate funds required
to close and required reserves, to confirm that the borrower has current or reasonably expected income or assets (other than the
value of the property that secures the Loan) that the borrower will rely on to repay the Loan. Review Loan documentation for required
level of income and asset verifications.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Employment: Review file documentation for required level of employment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Monthly Mortgage Payment: Confirm that the correct program, qualifying rate, and terms were used
to calculate projected monthly mortgage payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Simultaneous Loans: Ensure that all concurrent Loans were included in the DTI calculation, to properly
assess the ability to repay.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Mortgage-Related Obligations: Validate that the subject Loan's monthly payment calculation
includes principle, interest, taxes, and insurance, as well as other costs related to the property such as homeowners' association
fees, private mortgage insurance, ground rental fees, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Debts / Obligations: Validate monthly recurring non-mortgage-related liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. DTI / Residual Income - Validate DTI or "residual income," based upon all mortgage
and non-mortgage obligations, calculated as a ratio of gross monthly income, based on documentation provided in the file.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Credit History: Review credit report for credit history and required credit depth, including any
/ all inquiries, and determine a representative credit score from the credit report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Upon completion of Section 12(E) above, MaxDiligence will assign an ATR designation.

**Property Review**

MaxDiligence performed a "Property Review," which included the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Property Review</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. MaxDiligence's review included a review of the valuation materials utilized during the origination of the loan and in
confirming the value of the underlying property. MaxDiligence's review will include verifying the appraisal report:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. On the appropriate GSE form:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. All elements of appraisal are present

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Ensure all applicable Loan documents match appraisal information

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Property is acceptable collateral for Loan program

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Completed by an appraiser that was actively licensed to perform the valuation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage
the lender per Title XI of FIRREA, or if the appraisal was performed for another lender, the file contains a transfer letter from
the original lender

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. The original appraisal report is made and signed prior to the final approval of the mortgage loan application; Any revisions,
if made known to MaxDiligence, to the original report are documented and dated completed and dated within the guideline's
restrictions,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. The original appraisal is 'As is' or Inspection received including all inspections, licenses, and certificates
(including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and
with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Determine whether the appraised value is supported at or within 10% variance based on a third-party valuation product. If a
third-party valuation product is in file but notes a variance above 10% or an inconclusive value, MaxDiligence recommended a BPO
or field review be ordered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. With regard to the use of comparable properties, MaxDiligence's review will (a) reviewed the relative comparable data
(gross and net adjustments, sale dates and distance from subject property) and ensure that such comparable properties are within
standard appraisal guidelines; (b) confirmed the property value and square footage of the subject property was bracketed by comparable
properties, (c verified that comparable properties used are similar in size, style, and location to the subject, and (d) checked
for the reasonableness of adjustments when reconciling value between the subject property and comparable properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. Other aspects of MaxDiligence's review included (i) verifying that the address matched the mortgage note, ((ii) if requested,
noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying the Client of same,
(iii) confirming the appraisal report does not include any apparent environmental problems, (iv) confirming the appraisal notes
the current use of the property is legal or legal non-conforming (grandfathered), (v) reviewing pictures to ensure (a) that the
property is in average or better condition and any repairs are noted where required and (b) that the subject property is the one
for which the valuation was ordered and that there are no negative external factors; and (vi) confirming that the value product
that was used as part of the origination decision conforms with rating agency requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. If more than one valuation was provided, MaxDiligence will confirm consistency among the valuation products and if there are
discrepancies that could not be

![](ex9927001.jpg)

resolved, MaxDiligence will create an exception and work with the client on the next steps which may include ordering of additional valuation products such as collateral desktop analyses, broker's price opinions, and full appraisals. If the property valuation products included in MaxDiligence's review result in a variance of more than 10% then the client will be notified of such variance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. MaxDiligence confirmed to the extent possible, that the appraiser and the appraisal made by such appraiser both satisfied the
requirements of Title XI of FIRREA. Specifically, MaxDiligence will review the appraisal for conformity to industry standards,
including ensuring the appraisal was complete, that the comparable properties and adjustments were reasonable and that pictures
were provided and were accurate.

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

**Compliance Review**

"Compliance Review" means that MaxDiligence reviewed each Loan to determine, as applicable and subject to the limitations below, whether the Loan complied with the applicable Federal, State, and local regulatory requirements, each as amended. A Compliance Review shall not apply to business purpose loans.

The below Compliance Review is applicable to Loans with an application date on or after October 3, 2015, which are subject to the TILA/RESPA Integrated Disclosure Rule ("<u>TRID</u>"). With regard to TRID testing, MaxDiligence implemented the TRID scope of review as detailed in (i) Section III -Regulatory Compliance of the SFA RMBS TRID Grid 4.0 Compliance Review Scope published by the Structured Finance Association (formerly SFIG) (the "SFA RMBS Compliance Review Scope") and (ii) outside counsel's interpretations of the published regulations as of the date of review of each mortgage loan. On an ongoing basis, MaxDiligence reviews updated interpretations of TRID through informal guidance provided by the Consumer Financial Protection Bureau ("CFPB"), such CFPB guidance may cause changes in the review scope and severity of TRID related exceptions, including applicable cures. While MaxDiligence continues to make a good faith effort to identify material TRID exceptions and apply the appropriate grading, the implementation of new regulations (including TRID) that impact residential mortgages carries certain interpretive risk and continues to evolve, impacting the review scope and exception severity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Loan Estimates ("LEs")</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Review the Initial LE and confirm (i) the correct form was used; (ii) all sections of the Initial
LE are completed; and (iii) the Initial LE accurately reflects the information provided to MaxDiligence

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. If there is a Revised LE, confirm (i) that there is a "valid reason" for the Revised
LE; and (ii) that the Revised LE was issued within three (3) days of the change.

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Determine which LE in the file is the "final binding" LE for the purpose of Tolerance
Testing. A Revised LE that is issued after the CD, or that does not state a valid reason will not be used for the purposes of Tolerance
Testing. All revised LEs issued to the consumer will be reviewed for accuracy of terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Confirm initial LE was delivered within three (3) Business Days from the application date, and
at least seven (7) Business Days prior to the consummation date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Confirm revised LE was delivered within three (3) Business Days from date of the "valid reason"
giving rise to the Revised LE, and at least four (4) Business Days prior to the consummation date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Confirm that certain sections of each LE determined to carry assignee liability were accurately
completed and that information was reflected in the appropriate locations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Closing Disclosures ("CDs")</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Review the CD review and confirm (i) the correct form was used; (ii) all sections of the CD are
completed; and (iii) the CD accurately reflects the information provided to MaxDiligence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. If a subsequent CD is issued, confirm (i) that there was a valid reason for the change; (ii) that
the CD was issued within three (3) days of the change; and (iii) whether the reason for the change requires a new 3-day waiting
period prior to the consummation date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Confirm Initial CD, and any subsequent CD with material changes (i.e. changes that require a new
waiting period), was received at least three (3) Business Days prior to the consummation date. With respect to applicable exception
remediation measures for numerical exceptions, confirm that a letter of explanation, as well as a refund as applicable, was delivered
or placed in the mail no later than 60 days after discovery of the exception establishing the need for a revised CD or with respect
to exception remediation measures for non-numerical exceptions, that a corrected CD was delivered or placed in the mail no later
than 60 days after consummation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Federal Truth in Lending Act</u> ("TILA"), as implemented by Regulation Z, 12 C.F.R.
Part 1026, as set forth below:

Rescission

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

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

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&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;4. <u>Tolerance Testing</u>. Compare the fees disclosed in the final binding LE to those in the final
CD, and confirm that final CD fees are within the permitted tolerances. Confirm the total of payments are considered accurate as
defined by Regulation Z. Confirm Finance Charge tolerances are correct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Subsequent Changes</u>. Review the file to determine (i) whether there is evidence that certain
changes or errors (per the regulation) were discovered subsequent to closing, (ii) and whether the Loan originator followed the
prescribed cure. Test for evidence such as a copy of the refund check, or a corrected, post-consummation CD (" <u>PCCD</u> "),
and iii) with respect to applicable exception remediation measures for numerical exceptions, confirm that a letter of explanation,
as well as a refund as applicable, was delivered or placed in the mail no later than 60 days after discovery of the exception establishing
the need for a revised CD or with respect to exception remediation measures for non-numerical exceptions, that a corrected CD was
delivered or placed in the mail no later than 60 days after consummation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Loan Toolkit (§1026.19)</u>:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Confirm Your Home Loan Toolkit was delivered or placed in the mail not later than three (3) Business
Days after receipt of application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>TILA</u> 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Points and fees threshold test;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. APR threshold test;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Prepayment penalty test; and

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Compliance with the escrow account and appraisal requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. With respect to brokered mortgage loans, the Prohibitions and Restrictions related to Loan Originator
Compensation and Steering (§1026.36):

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

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Review relevant document to determine if there was dual compensation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Review the presence of the mortgage loan option disclosure and to determine if the Steering Safe
Harbor provisions were satisfied.

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Determine if the creditor financed, directly or indirectly, any premiums or fees for credit insurance
in jurisdictions where it is prohibited.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Verify the data against the NMLSR database, as available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>RESPA</u>:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Confirm the presence of the Servicing Disclosure Statement form in the mortgage loan file;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Verify the Servicing Disclosure Statement was provided to the borrower(s) within three (3) Business
Days of application;

![](ex9927001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Confirm the presence of the Your Home Loan Toolkit/Special Information Booklet in the mortgage
loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Confirm the Your Home Loan Toolkit /Special Information Booklet was provided within three (3) Business
Days of application;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Confirm the presence of the CHARM booklet when applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Confirm that the CHARM booklet was issued within three (3) Business Days of application;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. Confirm the presence of the Affiliated Business Arrangement Disclosure in the mortgage loan file
in the event the lender has affiliated business arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Confirm the Affiliated Business Arrangement Disclosure was provided no later than three (3) Business
Days of application;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. Confirm the Affiliated Business Arrangement Disclosure is executed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. Confirm the presence of the Initial Escrow Disclosure Statement in the mortgage loan file and proper
timing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. Confirm that the creditor provided the borrower a list of homeownership counselling organizations
within three (3) Business Days of application; and

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>ECOA</u>: The Equal Credit Opportunity Act, as implemented by Regulation B, 12 C.F.R. Part 1002,
as set forth below:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Timing and content of the right to receive copy of appraisal disclosure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Charging of a fee for a copy of the appraisal or other written valuation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Timing of creditor providing a copy of each appraisal or other written valuation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. iv) With respect to a borrower that has waived the three (3) Business Day disclosure requirement,
confirm that (a) the borrower has signed the waiver or other acknowledgment at least three (3) Business Days prior to consummation;
and (b) that the lender has provided copies of appraisals and other written valuations at or prior to consummation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Other Provisions</u> 

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

![](ex9927001.jpg)

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

&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Federal and state specific late charge and prepayment penalty provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Exclusions</u>. MaxDiligence will not test:

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

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

**Summary of Results**

**OVERALL RESULTS SUMMARY** 

After giving consideration to the grading criteria of the relevant NRSROs, 100% of the loans received a grade "B" or higher with 71.24% of the pool receiving an overall "A" grade.

Final Loan Grades

---

| | | |
|:---|:---|:---|
| **Rating Agency Final Overall Grade Summary** | **Rating Agency Final Overall Grade Summary** | **Rating Agency Final Overall Grade Summary** |
| **Overall** | **# of Mortgage Loans** | **% of Mortgage Loans** |
| A | 109 | 71.24% |
| B | 44 | 28.76% |
| C | 0 | 0.0% |
| D | 0 | 0.0% |
| **Total** | **153** | **100.0%** |
| **Final Credit Grade Summary** | **Final Credit Grade Summary** | **Final Credit Grade Summary** |
| **Credit** | **# of Mortgage Loans** | **% of Mortgage Loans** |
| A | 115 | 75.16% |
| B | 38 | 24.84% |
| C | 0 | 0.0% |

---

![](ex9927001.jpg)

---

| | | |
|:---|:---|:---|
| D | 0 | 0.0% |
| **Total** | **153** | **100.0%** |
| **Final Property Grade Summary** | **Final Property Grade Summary** | **Final Property Grade Summary** |
| **Property** | **# of Mortgage Loans** | **% of Mortgage Loans** |
| A | 144 | 94.12% |
| B | 9 | 5.88% |
| C | 0 | 0.0% |
| D | 0 | 0.0% |
| **Total** | **153** | **100.0%** |
| **Final Compliance Grade Summary** | **Final Compliance Grade Summary** | **Final Compliance Grade Summary** |
| **Compliance** | **# of Mortgage Loans** | **% of Mortgage Loans** |
| A | 152 | 99.35% |
| B | 1 | 0.65% |
| C | 0 | 0.0% |
| D | 0 | 0.0% |
| **Total** | **153** | **100.0%** |

---

**Exception Category Summary**

The table below summarizes the individual exceptions which carried an associated "A", "B", "C", or "D" level exception grade. One loan may have carried more than one exception. In such cases, the exception with the lowest grade would drive the loan grade for that particular area of the review. The overall loan grade is the lowest grade for any one particular review scope (i.e., a loan with a Credit Grade of "A", Compliance Grade of "B", and a Property Grade of "A" would receive an overall Loan Grade of "B").

---

| | | | |
|:---|:---|:---|:---|
| **Exception Type** | **Exception <br> Level <br> Grade** | **Exception Category** | **Total** |
| Credit | A | Approval/Underwriting Summary Deficient | 2 |
| Credit | A | Approval/Underwriting Summary Not Provided | 6 |
| Credit | A | Asset 1 Less Than 2 Months Verified | 1 |
| Credit | A | Asset 2 Less Than 2 Months Verified | 1 |
| Credit | A | Asset 3 Does Not Meet Guideline Requirements | 1 |
| Credit | A | Asset 3 Less Than 2 Months Verified | 1 |
| Credit | A | Asset Qualification Does Not Meet Guideline Requirements | 1 |

---

![](ex9927001.jpg)

---

| | |
|:---|:---|
| Assets - Insufficient Cash to Close or Reserves | 2 |
| Audited CLTV Exceeds Guideline CLTV | 1 |
| Audited DTI Exceeds Guideline DTI | 1 |
| Audited FICO is less than Guideline FICO | 1 |
| Audited HCLTV Exceeds Guideline HCLTV | 1 |
| Audited Reserves are less than Guideline Required Reserves (Number of Months) | 1 |
| Borrower 1 Deed of Trust Signature does not match Note | 1 |
| Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | 1 |
| Borrower 1 Gap Credit Report is Missing | 8 |
| Borrower 1 IRS Transcripts Missing | 1 |
| Borrower 1 Paystubs Missing | 1 |
| Borrower 1 W2/1099 Missing | 1 |
| Borrower 2 Gap Credit Report is Missing | 1 |
| Calculated DSCR does not meet the Minimum DSCR allowed | 1 |
| Calculated Initial Payment and Initial Principal and Interest Payment do not match | 2 |
| Cash Deposit | 1 |
| Cash Out Does Not Meet Guideline Requirements | 2 |
| Cash reserves less than required by guidelines | 1 |
| Condo - HOA Budget Missing | 1 |
| Credit Profile - Credit History Insufficient | 1 |
| Credit Report and 1003 mismatch | 1 |
| Eligibility - Borrower Identity | 1 |
| Eligibility - Investor Experience | 1 |
| Final Settlement Statement Missing. | 1 |
| Flood Certificate Missing | 1 |
| Fraud Report Shows Uncleared Alerts | 1 |

---

![](ex9927001.jpg)

---

| | | |
|:---|:---|:---|
| | Hazard Insurance Coverage Amount is less than Required Coverage Amount | 1 |
| | Hazard Insurance Coverage is less than all Subject Lien(s) | 2 |
| | Hazard Insurance Policy is Partial | 1 |
| | HO6 Insurance Policy Effective Date is after the Note Date | 1 |
| | Housing History Does Not Meet Guideline Requirements | 2 |
| | Income 3 Months Income Verified is Missing | 1 |
| | Liabilities - Not Verified | 4 |
| | Liabilities - REO | 4 |
| | Missing Income - Bank Statements | 1 |
| | Missing Lease Agreement | 2 |
| | Missing Tax Cert | 1 |
| | Missing VOM or VOR | 1 |
| | No Credit Findings | 73 |
| | OFAC Check Not Completed and/or Cleared | 1 |
| | Program Parameters - Guidelines Conformity | 3 |
| | Property Title Issue | 2 |
| | Purchase Contract - Concessions | 1 |
| | Subject property Short Term Rental Income does not meet qualification | 1 |
| | Term and Amortization Term do not match | 1 |
| | Third Party Fraud Report not Provided | 3 |
| | Title - Ownership Issue | 1 |
| | Title Coverage is Less than Subject Lien(s) Total | 1 |
| | Title Document Missing | 1 |
| | Verification Documentation - Expired | 3 |
| | ***Total Credit Grade (A) Exceptions*** | ***161*** |
| Credit B | Appraisal Transfer Letter - Missing | 1 |

---

![](ex9927001.jpg)

---

| | |
|:---|:---|
| Asset 1 Less Than 2 Months Verified | 1 |
| Audited CLTV Exceeds Guideline CLTV | 2 |
| Audited DTI Exceeds Guideline DTI | 1 |
| Audited FICO is less than Guideline FICO | 3 |
| Audited HCLTV Exceeds Guideline HCLTV | 1 |
| Audited Loan Amount is greater than Guideline Maximum Loan Amount | 1 |
| Audited Loan Amount is less than Guideline Minimum Loan Amount | 1 |
| Audited LTV Exceeds Guideline LTV | 14 |
| Borrower - Residency Alien Documentation | 1 |
| Borrower 1 CPA Letter Missing | 1 |
| Borrower 1 Credit Report is Expired | 1 |
| Cash reserves less than required by guidelines | 1 |
| Credit Profile - Insufficient Tradelines | 1 |
| Credit Profile - Mortgage/Rental Lates | 2 |
| Delinquent Credit History Does Not Meet Guideline Requirements | 2 |
| Eligibility - Citizenship Requirements | 1 |
| Eligibility - Investor Experience | 2 |
| Income and Employment Do Not Meet Guidelines | 1 |
| Missing Income - Bank Statements | 1 |
| Missing Lease Agreement | 2 |
| Missing or incomplete income documentation for 1 or 2 Year Full Doc | 1 |
| Missing VOM or VOR | 2 |
| Program Parameters - Guidelines Conformity | 9 |
| Program Parameters - LTV | 1 |
| Program Parameters - Occupancy | 1 |

---

![](ex9927001.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | | Verification Documentation - Employment History | 1 |
|  |  | ***Total Credit Grade (B) Exceptions*** | ***56*** |
| Property | A | Appraisal - Photos Missing | 1 |
| Property | A | Appraisal is Missing | 2 |
| Property | A | Condo - Warrantability | 2 |
| Property | A | Loan Purpose is Purchase but Purchase Contract Doc is Missing | 2 |
| Property | A | Missing Doc - 3rd Party Valuation Product/Missing | 3 |
| Property | A | Missing Homeowner's Association Questionnaire | 1 |
| Property | A | Subject property appraisal is not on an as-is basis (Primary Value) | 1 |
| Property | A | Value - AVM/BPO/Desk Review did not support Value within -10% | 1 |
| Property | A | Value - Value is supported within -10% of original appraisal amount | 135 |
|  |  | ***Total Property Grade (A) Exceptions*** | ***148*** |
| Property | B | Appraisal - Other | 1 |
| Property | B | Condo - Warrantability | 4 |
| Property | B | Property is Lease Hold | 1 |
| Property | B | Property Issue - Land size outside of guidelines | 1 |
| Property | B | Property Issue - Neighborhood Location | 2 |
| Property | B | Third party valuation product to support appraisal value is missing | 1 |
|  |  | ***Total Property Grade (B) Exceptions*** | ***10*** |
| Compliance | A | 1-4 Family Rider is Missing | 4 |
| Compliance | A | AbilityToRepay: QMPointsAndFees | 1 |
| Compliance | A | Charges That Cannot Increase Test (50001251) | 1 |
| Compliance | A | Charges That In Total Cannot Increase More Than 10% Test (50001258) | 1 |
| Compliance | A | Condo Rider is Missing | 1 |
| Compliance | A | Federal - Closing Disclosure and Consummation Date | 1 |

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![](ex9927001.jpg)

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| | |
|:---|:---|
| Federal - Finance Charge Disclosure Tolerance (Closed End) | 1 |
| Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | 2 |
| HighCost: Fees | 1 |
| HUD-1 not executed properly | 1 |
| Insufficient Change of Circumstance (50001252) | 1 |
| Late Charge Percent is greater than allowable | 1 |
| Lender Credits That Cannot Decrease Test (50001262) | 1 |
| Loan Originator NMLS Status is Not Active | 1 |
| Missing Doc - Affiliated Business Disclosure/Missing | 1 |
| Missing Doc - ROR/Missing | 1 |
| Missing Doc - Initial TIL - Missing/Rescindable | 1 |
| Missing evidence of rate lock | 4 |
| Missing Prepayment Rider | 2 |
| Missing Required rider to note | 1 |
| Missing Service Provider List | 2 |
| Missing Tangible Net Benefit Disclosure | 1 |
| New York - Subprime Home Loan (First Lien)(02/10) | 1 |
| New York - Tax & Insurance Impounds (Subprime) | 1 |
| NJ Fee Not Allowed- Appraisal Review Fee (Fee ID: 96) | 1 |
| NJ Fee Not Allowed- Title Cpl Fee (Fee ID: 998) | 1 |
| NJ Fee Not Allowed- Title Escrow Processing Fee (Fee ID: 998) | 1 |
| NJ Fee Not Allowed- Title Exam Copy Cost Fee (Fee ID: 998) | 1 |
| NJ Fee Not Allowed- Title Notice of Settlement Fee (Fee ID: 998) | 1 |
| NJ Fee Not Allowed- Title Update Fee (Fee ID: 998) | 1 |
| NJ Fee Not Allowed- Verification Fee (Fee ID: 553) | 1 |
| No Compliance Findings | 29 |

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![](ex9927001.jpg)

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| | | |
|:---|:---|:---|
| | No Compliance Tests Performed | 98 |
| | The Deed of Trust is Incomplete | 1 |
| | The Final 1003 is Incomplete | 1 |
| | The Final 1003 is Missing | 1 |
| | The Note is Incomplete | 1 |
| | TRID: Missing Final Closing Disclosure | 1 |
| | TRID: Missing Initial Closing Disclosure | 1 |
| | ***Total Compliance Grade (A) Exceptions*** | ***173*** |
| Compliance B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-4 Family Rider is Missing | 1 |
|  | ***Total Compliance Grade (B) Exceptions*** | ***1*** |

---

**Tape Integrity Review Results Summary**

As part of the Credit, Property and Compliance Reviews, MaxDiligence captured data from the source documents and compared it to a data tape provided by Client. MaxDiligence provided Client a Data Discrepancy Report which shows the differences between the tape data and the data captured by MaxDiligence during the diligence process.

Of the 153 mortgage loans reviewed, 95 unique mortgage loans (by loan count) had a total of 214 different tape discrepancies across 50 data fields (some mortgage loans may have had more than one). A blank or zero value on the data tape when an actual value was captured by MaxDiligence was not treated as a data variance.

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| | | | |
|:---|:---|:---|:---|
| **Field Label** | **Loans With <br> Discrepancy** | **Total <br> Times <br> Compared** | **% Variance** |
| Amortization Term | 5 | 153 | 3.27% |
| Amount of Other Lien | 1 | 153 | 0.65% |
| Application Date | 2 | 153 | 1.31% |
| B1 Country Name | 1 | 153 | 0.65% |
| B1 Verified Citizenship Designation | 1 | 153 | 0.65% |
| Borrower 1 Citizen | 9 | 153 | 5.88% |
| Borrower 1 FTHB | 1 | 153 | 0.65% |
| Borrower 1 Last Name | 3 | 153 | 1.96% |

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![](ex9927001.jpg)

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| | | | |
|:---|:---|:---|:---|
| Borrower 1 Qualifying Income | 13 | 153 | 8.50% |
| Borrower 1 Self-Employment Flag | 1 | 153 | 0.65% |
| Borrower 1 Years in Current Home | 1 | 153 | 0.65% |
| Calculated DSCR | 18 | 153 | 11.76% |
| CLTV | 1 | 153 | 0.65% |
| Final Reviewed QM Status | 16 | 153 | 10.46% |
| Interest Only Flag | 3 | 153 | 1.96% |
| Interest Rate | 1 | 153 | 0.65% |
| Is the Condo Project warrantable | 3 | 153 | 1.96% |
| Loan Amount | 4 | 153 | 2.61% |
| Loan Origination Application Date | 1 | 153 | 0.65% |
| Loan Program | 3 | 153 | 1.96% |
| Loan Type | 3 | 153 | 1.96% |
| Maturity Date | 5 | 153 | 3.27% |
| Note Date | 1 | 153 | 0.65% |
| Number of Mortgaged Properties | 3 | 153 | 1.96% |
| Prepayment Penalty Calculation | 1 | 153 | 0.65% |
| Prepayment Penalty Flag | 1 | 153 | 0.65% |
| Prepayment Penalty Total Term | 4 | 153 | 2.61% |
| Primary Appraised Property Value | 4 | 153 | 2.61% |
| Property Type | 15 | 153 | 9.80% |
| Proposed First Mortgage P&I | 1 | 153 | 0.65% |
| Proposed Hazard Insurance | 4 | 153 | 2.61% |
| Proposed HOA | 2 | 153 | 1.31% |
| Proposed Mortgage Insurance | 1 | 153 | 0.65% |
| Proposed Other | 1 | 153 | 0.65% |
| Proposed Other Financing P&I | 1 | 153 | 0.65% |
| Proposed Real Estate Taxes | 4 | 153 | 2.61% |
| Qualifying CLTV | 6 | 153 | 3.92% |
| Qualifying FICO | 4 | 153 | 2.61% |
| Qualifying LTV | 5 | 153 | 3.27% |
| Qualifying Total Debt Income Ratio | 9 | 153 | 5.88% |

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![](ex9927001.jpg)

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| | | | |
|:---|:---|:---|:---|
| Qualifying Total Reserves Number of Months | 1 | 153 | 0.65% |
| Reviewed Appraised Property Value | 25 | 153 | 16.34% |
| Reviewed Total Debt Income Ratio | 2 | 153 | 1.31% |
| Sales Price | 1 | 153 | 0.65% |
| Subject Property Gross Rental income | 2 | 153 | 1.31% |
| Term | 7 | 153 | 4.58% |
| Underwriting Guideline Name | 1 | 153 | 0.65% |
| Underwriting Guideline Product Name | 5 | 153 | 3.27% |
| Underwriting Guideline Version Date | 3 | 153 | 1.96% |
| Verified Doc Type | 4 | 153 | 2.61% |

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**Event Grade Definitions**

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| | |
|:---|:---|
| **Final Loan Grade** | **Final Loan Grade** |
| A | Loan meets Credit, Compliance, and Property 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. |

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---

| | |
|:---|:---|
| **Credit Event Grades** | **Credit Event Grades** |
| A | The loan meets the published guidelines without any exceptions. The employment, income, assets and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |
| B | The loan substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding published guidelines. The employment, income, assets and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |
| 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. The borrower's willingness and ability to repay the loan were not documented or are unreasonable. |

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![](ex9927001.jpg)

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| | |
|:---|:---|
| **Credit Event Grades** | **Credit Event Grades** |
| 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. |

---

---

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

---

## Exhibit 99.28

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.28**

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Mapped ID** | **Deal ID** | **Customer Loan ID** | **Seller Loan ID** | **Note Date** | **Original Loan Amount** | **Last Name** | **Property State** | **Occupancy** | **Purpose** | **Originator QM Status** | **TPR QM Status** | **Exception ID** | **Exception Number** | **Exception Date** | **Exception Type** | **Exception Subcategory** | **Exception** | **Exception Remedy** | **Rebuttal** | **TPR Response** | **Compensating Factors** | **Status Update Date** | **Finding Status** | **Initial Exception Grade** | **Final Exception Grade** | **Initial Loan Grade** | **Final Loan Grade** |
| XXXX | XXXX | 4350121091 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase and valuation type of purchase contract has not been selected. Missing copy of purchase contract with all addendums. <br>|  | Document Uploaded. - XXXX<br>| Purchase contract/Addendum provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121091 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Missing Lease Agreement | Missing lease agreement for departing residence and receipt of security deposit or first month's rent supporting a monthly rent of XXXX. <br>|  | Document Uploaded. - XXXX<br>| Updated 1003 and 1008 were provided. Rental income is not being used, and full REO payment is included in DTI. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121091 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121093 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Property is Lease Hold | Property rights are leasehold. Per Lender Guidelines, Condominium Leaseholds are ineligible properties. There is no exception on file. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Exception approval provided. - XXXX<br>Condition upheld. Provide exception request form with compensating factors listed. - XXXX<br>| LTV less than 70%, AND at least 5% less than guideline maximum. FICO higher than 740 AND at least 20 points higher than guideline minimum. Monthly reserves is verified AND at least 4 months more than guideline minimum. Qualifying DTI less than 35% AND at least 10% less than guideline maximum. Housing payment history is 0x30x24 or better, Borrower has worked in same industry more than 5 years. Borrower has worked in same job more than 3 years. | XXXX | Waived | 1 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121093 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Condo - Warrantability | Condominium project is not warrantable, or documentation not provided to determine warrantability Condominium project is not warrantable. A formal exception is on file. <br>|  |  |  | Mortgage History 0X30X90<br> <28% DTI<br> 49+ Months Reserves <br> <57% LTV | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121093 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121093 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121092 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Condo - Warrantability | Condominium project is not warrantable, or documentation not provided to determine warrantability Condo is Non warrantable with an active loan tied to building improvements and exterior work still in progress - Incomplete masonry work. A formal exception is in file. <br>|  |  |  | The borrowers' FICO is higher than 740 and least 20 points higher than the minimum required. Housing payment History is 0x30x24 or better. The qualifying DTI is less than 36% and at least 10% less than the guideline maximum. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121092 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121102 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Subject property appraisal is not on an as-is basis (Primary Value) | Primary value subject property appraisal is not on an as-is basis. Broken window is required to to be repaired. <br>|  | Document Uploaded. Please see the attached 1004D - XXXX<br>| Completion Cert provided. Condition resolved. - XXXX<br>Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121102 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Cash reserves less than required by guidelines | Insufficient assets documented to meet reserve requirement. Assets short XXXX. Total Cash reserves of '$-XXXX' are less than XXXX. <br>|  | The XXXX in PITIA reserves collected at close should be factored into the borrowers reserve requirement. Does not appear to be factored in. - XXXX<br>| 9 months reserves were collected at closing per the Final Settlement Statement. Condition resolved. - XXXX<br>Total Cash reserves are greater than XXXX. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121102 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121102 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Audited reserves months are less than the guideline required reserve months. <br>|  | The XXXX in PITIA reserves collected at close should be factored into the borrowers reserve requirement. Does not appear to be factored in. - XXXX<br>| 9 months reserves were collected at closing per the Final Settlement Statement. - XXXX<br>Audited Reserves of month(s) are greater than or equal to Guideline Required Reserves of month(s) - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121120 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121120 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121120 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121096 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121096 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121096 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Missing Lease Agreement | Missing documentation of security deposit. <br>|  | Document Uploaded. Lease uploaded - Security deposit is called out as being paid to realtor. Proof of rent uploaded was pro-rated XXXX rent (reasoning for amount < full XXXX) - and full XXXX rent. - XXXX <br>Document Uploaded. Please see the attached. - XXXX<br>| Lease Agreement, and evidence of Security Deposit and evidence of pro-rated XXXX rent and full XXXX rent were provided. Condition resolved. - XXXX<br>Condition upheld. Statement for XXXX showing XXXX income was provided. XXXX Deposit slip for XXXX was provided. XXXX Bank statement not showing the XXXX deposit was provided. Monthly Rent is XXXX. There is no evidence that Security Deposit that equals one months rent was paid and received. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121101 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121101 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121101 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121106 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. <br>|  | Our loan files do not include 1008's - XXXX<br>| Condition set in error. XXXX1 loans do not contain a 1008. - XXXX<br>Approval/Underwriting Summary is fully present - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121106 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121106 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121109 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | 1-4 Family Rider is Missing | The file is missing the 1-4 Family Rider. <br>|  | Document Uploaded. Assignment of leases attached. - XXXX<br>| COLLATERAL ASSIGNMENT OF LEASES AND RENTS was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121109 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Eligibility - Borrower Identity | The loan file reflected potential identity issues. No evidence of borrowers XXXXzenship <br>|  | Document Uploaded. ID provided is borrowers permanent resident/green card. Please confirm what additional documents would be needed to confirm XXXXzenship. - XXXX<br>| Front and back of Perm Resident Card provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121109 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121109 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Term and Amortization Term do not match | Loan term and amortization term do not match. . <br>|  |  | Loan Term and Amortization Term match - XXXX<br>|  | XXXX | Resolved | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121100 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121100 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121100 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121098 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Calculated Initial Payment and Initial Principal and Interest Payment do not match | Calculated Initial P&I Payment Amount does not match Initial P&I Payment Amount. <br>|  | Please advise on resolution. Our system rounds this to XXXX - Not seeing Mx calculated payment. - XXXX<br>| Calculated Initial P&I Payment Amount matches Initial Payment Amount - XXXX<br>Calculated Initial P&I Payment Amount does not match Initial P&I Payment Amount. - XXXX<br>Payment not matching is due to the Commercial Promissory Note Dated XXXX Section 1A: From the date hereof, interest on the principal amount of this Note shall accrue at the rate of 7.25% per annum, for the period from the date hereof to and including XXXX shall be payable at the closing of the loan. First payment date is XXXX, and Maturity date is XXXX. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121098 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. <br>|  | Our loan files do not include 1008's - XXXX<br>| 1008/Loan Approval is not required. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121098 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121098 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121123 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Borrower 1 Credit Report is Expired | Borrower 1 Credit Report is Expired (Greater than 120 days from the Closing Date). <br>|  | Document Uploaded. Please see the attached internal exception. - XXXX <br>Document Uploaded. Please see the attached soft credit pull per guidelines to extend existing hard pull. - XXXX<br>| Exception provided for expired credit report - XXXX<br>Condition upheld. A soft-pull credit report dated XXXX (13 days after disbursement) was provided. The post-close credit report does not cure the the fact that the credit report was expired at closing. And further more the post-close credit report shows a repository as being frozen which is against guidelines. An Approved Exception will be required. - XXXX<br>| FICO> min by 20 points; 0x30x24; PITIA Reserves above min by 6+ months | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121123 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121123 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121105 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy partially provided. Hazard policy premium of XXXX4 in file does not support final HUD figure of XXXX monthly. Please provide explanation and updated policy <br>|  | Document Uploaded. XXXX per month if for the total of XXXX (1,954 for GL coverage & 7,635.60 for hazard) - Insurance docs attached for review. - XXXX<br>| Explanation and evidence of HOI policies were provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121105 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121105 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121097 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | 1-4 Family Rider is Missing | The file is missing the 1-4 Family Rider. <br>|  | Document Uploaded. Assignment of leases uploaded. - XXXX<br>| COLLATERAL ASSIGNMENT OF LEASES AND RENTS was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121097 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Missing the 1008/ Underwriting Summary from the loan file. <br>|  | Our loan files do not include a 1008 - XXXX<br>| Condition set in error. XXXX 1 loans do not require a 1008. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121097 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Third Party Fraud Report not Provided | Missing third party fraud report. Missing the third party report from the loan file. <br>|  | SmartXXXX Person Report was provided. Condition resolved. - XXXX <br>Document Uploaded. Borrower background / fraud report attached. - XXXX<br>| XXXX Person Report was provided. Condition resolved. - XXXX<br> Third party fraud report is provided - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121097 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121103 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | 1-4 Family Rider is Missing | The file is missing the 1-4 Family Rider. <br>|  | Document Uploaded. Assignment of leases attached. - XXXX<br>| Assignment of leases - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121103 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121103 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121121 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121121 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121121 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Calculated DSCR does not meet the Minimum DSCR allowed | The Calculated DSCR of '0.904' is less than the minimum required DSCR of'1'. Note provided shows a P&I payment of XXXX vs actual amortized P&I payment of XXXX. The Note is only listing the Interest payment and there is no evidence of the loan being Interest Only." <br>|  | Document Uploaded. Please see the attached amendment - XXXX<br>| FIRST AMENDMENT TO PROMISSORY NOTЕ was provided. Condition resolved. - XXXX<br>The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121121 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Calculated Initial Payment and Initial Principal and Interest Payment do not match | Calculated Initial P&I Payment Amount does not match Initial P&I Payment Amount. <br>|  |  | Calculated Initial P&I Payment Amount matches Initial Payment Amount - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121104 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | Missing Prepayment Rider |  |  | Pre-payment clause within subject loan Note. Please advise, have not seen this condition/ask before. - XXXX<br>| Prepayment verbiage imbedded in the note - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121104 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121104 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121108 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | Late Charge Percent is greater than allowable | Late charge percent is greater than allowable. <br>|  | Business purpose loan, late charge has been consistent for all loans XXXX. - XXXX<br>| Not applicable on DSCR loans - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121108 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121108 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Hazard Insurance Coverage Amount is less than Required Coverage Amount | HOI documentation in file does not state RCE policy/information Coverage Amount - Hazard insurance amount is less than required coverage amount. <br>|  | Document Uploaded. Please see the attached dec page, FE-3650 coverage included "Actual cash value" confirmed 100% replacement cost. - XXXX<br>| Document Uploaded. Documentation provided to show HOI Policy has Replacement Cost. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121107 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Flood Certificate Missing | Missing flood certificate. <br>|  | Document Uploaded. Flood cert attached. - XXXX<br>| Flood Cert provided. Condition resolved. - XXXX<br>Flood Certificate is fully present - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121107 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121107 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing <br>|  | Document Uploaded. Borrower credit report is attached - Not familiar with "Gap" credit. - XXXX<br>| Condition set in error. GAP/UDM Reports are not required on DSCR loans. - XXXX<br>Borrower 1 Gap Credit Report is not missing. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121107 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121107 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | The Final 1003 is Missing | The final 1003 is missing. Missing application <br>|  |  | Document Uploaded. - XXXX<br>The final 1003 has been provided. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121119 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | 1-4 Family Rider is Missing | The file is missing the 1-4 Family Rider. <br>|  | Document Uploaded. assignments of rents attached. - XXXX<br>| Assignment of resnts provided - XXXX<br>Assignment of resnts provided - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121119 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121119 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121118 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121118 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121118 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121122 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Property Title Issue | Property title issue. The title commitment number is not reflect on the document in file. <br>|  | Document Uploaded. Please see the attached - XXXX<br>| Updated Title provided. Condition resolved. - XXXX<br>Property Title Issue Resolved - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121122 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121122 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121112 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121112 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Delinquent Credit History Does Not Meet Guideline Requirements | Delinquent Credit History does not meet guideline requirements. Guidelines require 0x30 in the past 24 months. Borrowers credit report reflects a 30 day late on a mortgage dated XXXX <br>|  | Document Uploaded. Please see the attached. - XXXX<br>| Approved Exception in file for: 2nd guarantor on the subject loan has 1x30x12. Loan includes 2 PG's with a qualifying FICO of 785 - XXXX<br>| LOE explains this as a one time issue that was cured immediately. No other historical MTG lates with 7 open/active accounts. Additional PG with 785 Mid FICO used as<br> qualifying score and payment history is clean. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121112 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121110 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121110 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121110 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121117 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | 1-4 Family Rider is Missing | The file is missing the 1-4 Family Rider. Assignment of Rents and Leases provided. <br>|  |  |  |  | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121117 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121117 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121111 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | HUD-1 not executed properly |  |  | Document Uploaded. Signed HUD attached. - XXXX<br>| Reveiced signed HUD - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121111 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121111 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121113 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121113 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121113 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121114 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121114 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121114 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121124 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | Missing Prepayment Rider | Preliminary Loan Summary indicates PPP but no rider is in file. Pender to confirm if there is a PPP. <br>|  | Document Uploaded. PPP Terms called out in subject Note - XXXX<br>| PPP was located in the subject note. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121124 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Ther is no mortgage hisotry for XXXX Servicing. There are reported mortgage payments for 3 months but it can not be tied to the subject. <br>|  | Document Uploaded. Exception approval uploaded. - XXXX <br>Subject VOM and Payoff is for a blanket loan that covered multiple properties - XXXX<br>| Exception provided for mortgage lates - XXXX<br>Condition upheld. VOM states that there are 2 delinquent payments. Guidelines state 0x30 in last 24 months. - XXXX<br>| FICO > 20 points; PITIA reserves above minimum by 6+ months | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121124 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121124 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121115 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121115 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121115 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121116 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121116 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121116 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121125 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Credit Profile - Mortgage/Rental Lates | The loan file verified mortgage/rental lates which exceeded guidelines. Per guidelines: "No 0x30 in the past 24 months. Mortgage delinquencies >24mo will require an LOE." Per Mortgage Statement in file for Subject property, the loan had been two times delinquent in the prior 12 months. <br> Review did not locate a letter of explanation or other documentation to address delinquencies. <br>|  | Document Uploaded. Please see the attached internal exception approval. - XXXX<br>| Received exception for mortgage lates - XXXX<br>| FICO > 20 points; PITIA reserves above min by 6+ months | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121125 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121125 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120996 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120996 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120996 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120992 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120992 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not contain the required 3rd party valuation product. <br>|  | Document Uploaded. Attached is FNMA SSR - XXXX<br>| CU with a score of 1 was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120992 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120993 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The guidelines for the P&L program require verification and validation of the tax preparer. <br>|  | Document Uploaded. TAX PREPARER LICENSE LOOKUP IS ATTACHED. - XXXX<br>| Tax preparer credential provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120993 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing <br>|  | Document Uploaded. ATTACHED - XXXX<br>| GAP CR provided. Condition resolved. - XXXX<br>Borrower 1 Gap Credit Report is not missing. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120993 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Please provide documentation to support property taxes for XXXX, XXXX and XXXX properties. <br>|  | Document Uploaded. ATTACHED - XXXX<br>| Property reports provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120993 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120993 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Charges That In Total Cannot Increase More Than 10% Test XXXX | The total amount of the 10% category fees on the last Closing Disclosure (XXXX) has increased by more than 10% over the current baseline value of (XXXX). The total amount of fees in the 10% category cannot exceed (XXXX). The following fee(s) have either increased from their baseline disclosure or have been recently added: (Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). The Mortgage Recording Fee on like 01 of Section E of the Closing Disclosure dated XXXX increased to XXXX from XXXX on all other prior Closing Disclosures and Loan Estimates without a valid change of circumstance. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. Attached is the COC for increase in loan amount and the recording fees accordingly. <br> - XXXX<br>| Received CIC for the increased recording fee - XXXX<br>Rate lock extension, pricing adjustment, interest rate increase or loan amount increase are not valid reasons for the recording fee to increase. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Eligibility - Investor Experience | The borrower(s) investor experience does not meet guideline requirements. Final 1008 states that an exception was made for FTHB/investor; however, the exception is not documented in the file. Guidelines require First-Time Investors to demonstrate a six (6) month primary mortgage history. The file contains only rental history for the borrower.<br>|  | Document Uploaded. Approved exception - XXXX<br>| Exception approval provided. Condition waived. - XXXX<br>| The monthly reserves is verified and at least 4 months more than guidelines minimum. The LTV is less than 70%, and at least 5% less than guideline maximum. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - AVM/BPO/Desk Review did not support Value within -10% | The 3rd party review product did not support the value within a -10% variance. The file contains XXXX CU and XXXX UCDP findings; however, no analysis was performed or documented in the file.<br>|  | Document Uploaded. CDA - XXXX<br>| 3rd party valuation provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. Qualifying FICO score was 659, when guidelines require for First Time Investor who is also a First Time Homebuyer a minimum of a 700 FICO score. <br>|  | Document Uploaded. Approved Exception - XXXX<br>| Exception approval provided. Condition waived. - XXXX<br>| The monthly reserves is verified and at least 4 months more than guidelines minimum. The LTV is less than 70%, and at least 5% less than guideline maximum. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Title - Ownership Issue | Title documents provided in the loan file reflected potential ownership issues. Missing transfer deed (Warranty Deed, Grant Deed) vesting subject property in borrower's name per Mortgage. <br>|  | Document Uploaded. DEED - XXXX<br>| Transfer deed provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121056 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Third Party Fraud Report not Provided | Missing third party fraud report. The 3rd party fraud report is not in file.<br>|  | Document Uploaded. fraud - XXXX<br>| 3rd party fraud report provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121056 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121056 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds guideline DTI. The lender allows expanded DTI to 55%. However, expanded DTI limits are not available without a complete 12-month housing history. The file contains 4 months cancelled checks to verify the borrowers rent. <br>|  | Document Uploaded. CD from Sale and Divorce Decree - XXXX<br>| CD from Sale and Divorce Decree provided. Home was sold XXXX XXXX. Condition resolved. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121056 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Missing or incomplete income documentation for 1 or 2 Year Full Doc | Verified Doc Type is '2YR Full Doc' but provided income documentation for Borrower 1 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '2 YRS', or insufficient verified Paystubs were provided. A formal exception is in file for the requirement of 6 months income verification not being met. <br>|  |  |  | The loan has an LTV of 56%.<br> The borrowers FICO score of 750 is 70 points over the required FICO. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121056 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Appraisal - Photos Missing | The loan file did not contain appraisal photos as required. Appraisal photos are black and white; colored photos are required. AVM photos are black and white; colored photos are required. <br>|  | Document Uploaded. appraisal color photos - XXXX<br>| Updated appraisal provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120994 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120994 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120994 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121003 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121003 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121003 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121003 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | The Note is Incomplete | The Note is incomplete. The note is signed and dated prior to the date of the note. <br>|  | Document Uploaded. - XXXX<br>| Received note - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121005 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Loan Originator XXXX Status is Not Active | Loan Originator XXXX status is not active. Missing updated XXXX for Loan Originator shows inactive <br>|  | Received confirmation of LO license - XXXX <br>Document Uploaded. LO XXXX XXXX and Company XXXX are both able to conduct business inXXXX- per XXXX lookup. - XXXX<br>| Received confirmation of LO license - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121005 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Cash reserves less than required by guidelines | Total Cash reserves of '$-XXXX' are less than XXXX. Missing additional funds for reserves of $XXXX - per 1008 UW states that borrower has additional assets /loan proceeds of XXXX <br>|  | Document Uploaded. CS approval - formal approval - provided - XXXX <br>Document Uploaded. Requires variance - CS approved variance to CS guides - post balancing, borrower was just shy of 9 mos. per CS matrix. Loan meets investor min. guides of 6 mos. - Updated 1008 provided with variance - XXXX<br>| Exception approval provided. - XXXX<br>Condition upheld. Guideline matrix provided XXXX require 9 months. Provide approved exception. - XXXX<br>| LTV is less than program Max of 70%.. The is DTI < 40% and residual income > XXXX. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121005 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121002 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121002 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121002 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121004 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121004 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | OFAC Check Not Completed and/or Cleared | OFAC check not completed and/or cleared. Missing OFAC Clearance of XXXX Corp <br>|  | Document Uploaded. - XXXX<br>| OFAC Check Completed and Cleared provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121004 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Borrower - Residency Alien Documentation | The borrower indicates Resident Alien status, however, the file contains no evidence documenting status as legally. Per guidelines VISA category C08 is not reflected as an eligible Visa type. The file contains an Employment Authorization reflecting Category C08. Per the guidelines this does not appear to be acceptable <br>|  | Document Uploaded. Investor approval provided - XXXX<br>| Exception approval provided. - XXXX<br>| FICO is higher than 740 and at least 20 points higher than guideline minimum. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121004 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121006 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121006 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121006 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121009 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121009 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121009 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121007 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121007 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121007 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121008 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Missing Doc - Affiliated Business Disclosure/Missing | Required Affiliated Business Disclosure missing <br>|  | Document Uploaded. - XXXX<br>| Confirmed no affiliates - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121008 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121008 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121000 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | The Deed of Trust is Incomplete | The Deed of Trust is incomplete. Provide full copy of the executed Proprietary Lease. Proprietary Lease is not signed. <br>|  | Document Uploaded. - XXXX<br>| Received executed lease - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121000 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121000 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | XXXX - Tax & Insurance Impounds (Subprime) | XXXX Banking Law requires tax and insurance impounds in a "subprime home loan." (XXXX 6-M(2)(O)) Escrow account for taxes and insurance is required. <br>|  | This is not applicable. property is a coop. no taxes on a coop. - XXXX<br>| Property is a co-op - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121000 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | XXXX - Subprime Home Loan (First Lien)(02/10) | This is a XXXX "subprime home loan." The loan's current APR (7.826%) exceeds the XXXX Subprime Home Loan threshold of (7.73%) by (0.096). The threshold is determined by adding 1.75 points to the comparable XXXX PMMS rate. (XXXX 6-m(1)(c)) Final CD disclosed APR is 7.826%. <br>|  | Document Uploaded. The subprime language is on the top of the 1st page of the note and loan security agreement. Attached documents. <br> - XXXX<br>| CompliantXXXXsub-prime loan - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121000 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing <br>|  | Document Uploaded. - XXXX<br>| GAP/UDN Report provided. Condition resolved. - XXXX<br>Borrower 1 Gap Credit Report is not missing. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Borrower 2 Gap Credit Report is Missing | Borrower 2 Gap Credit Report is Missing <br>|  | Document Uploaded. - XXXX<br>| GAP/UDN Report provided. Condition resolved. - XXXX<br>Borrower 2 Gap Credit Report is not missing. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. <br>|  | Document Uploaded. - XXXX<br>| 1008 provided. Condition resolved. - XXXX<br>Approval/Underwriting Summary is fully present - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Third Party Fraud Report not Provided | Missing third party fraud report. <br>|  | Document Uploaded. - XXXX<br>| Third party fraud report is provided - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Verification Documentation - Expired | The following loan documents were expired at the time of closing. Borrowers' drivers license expired XXXX <br>|  | Document Uploaded. - XXXX<br>| Updated ID's were provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 2 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not contain the required 3rd party valuation product. <br>|  | Document Uploaded. - XXXX<br>| CDA supporting value was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120999 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120999 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Condo - Warrantability | Condominium project is not warrantable, or documentation not provided to determine warrantability Guidelines state non-warrantable condominium projects are ineligible for lending if subject to material litigation - structural/functional litigation against developer. Per condominium questionnaire, the subject development is currently in litigation. Per XXXX attorney letter (1.5 years old), litigation Docket #HUD-L-2172-23 pertains to alleged defects in the design and construction of the common elements of the condominium. The letter is dated and doesn't address the aforementioned project litigation concern. <br>|  | Document Uploaded. - XXXX<br>| Approved Exception provided for: Property is non warrantable due transition litigation. There was a vent on the top floor that was experiencing a leak and has been since the property was constructed by the developer. Also they state that temporary repairs have been effectuated to address hazardous conditions and render utility systems operational. Property has outstanding condition or litigation that does not meet guideline requirements. - XXXX<br>| 50% LTV, 785 Fico, 30+ months reserves<br> LTV less than 70%, AND at least 5% less than guideline maximum<br> Monthly reserves is verified AND at least 4 months more than guideline minimum<br> FICO higher than 740, AND at least 20 points higher than guideline minimum | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120999 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Liabilities - Not Verified | The application lists debts that were not verified on the credit report and not XXXXly verified. Primary residence HOA XXXX monthly per loan application. <br>|  | Document Uploaded. - XXXX<br>| Evidence of Primary housing payment was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120999 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Missing Tax Cert | Subject property to support XXXX monthly per final Closing Disclosure as purchase transaction. Tax certification in file supports XXXX quarterly XXXX = XXXX monthly.  |  | Document Uploaded. - XXXX<br>| Tax Cert provided, supports XXXX monthly. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121001 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. <br>|  | Document Uploaded. - XXXX<br>| Approval/Underwriting Summary provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121001 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121001 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121010 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121010 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Liabilities - Not Verified | The application lists debts that were not verified on the credit report and not XXXXly verified. Provide supporting document to verify Credit liabilities reported on 1003 of XXXX and XXXX <br>|  | Document Uploaded. Please see the Drive report that lists the liabilities. - XXXX<br>| Drive report with liabilities showing provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121010 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121011 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121011 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121011 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121081 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited Loan Amount is less than Guideline Minimum Loan Amount | Audited loan amount is less than the guideline Minimum loan amount. Minimum loan amount per guidelines is XXXX. Subject loan amount XXXX does not meet guidelines. Please provide an exception loan amount. <br>|  | Document Uploaded. - XXXX<br>| Approved Exception provided for the Loan Amount of XXXX. - XXXX<br>| FICO of 706 over minimum of 680, 120+ months reserves. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121081 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121081 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121063 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121063 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. <br>|  | Document Uploaded. - XXXX<br>| Received rate lock - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121063 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Condo - HOA Budget Missing | The loan file did not contain the HOA budget as required. To confirm that at least 10% of annual budgeted assessment income for replacement reserves. The condominium questionnaire stated see financials which were not provided. The guidelines state the condominium project is to be agency warrantable, and a XXXX Form 1076 Condominium Project Questionnaire was provided, which is indicative of a full project review. <br>|  | Document Uploaded. - XXXX<br>| Condo budget report provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121063 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. DSCR cash out refinance transaction with 680 credit score and a DSCR ratio less than 1.0 when guidelines require a minimum 1.0 DSCR score - A formal exception is in file. <br>|  |  |  | Compensating factors used were Borrower is a seasoned investor who has more than two properties with 12 months as agreed payment history. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121046 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121046 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121046 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121042 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121042 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121042 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Subject property Short Term Rental Income does not meet qualification | Short term rental income is not properly documented and/or does not meet guidelines. Missing how the XXXX0 was arrived at when the appraisal 216 states rents @ XXXX0 and the leases in file support XXXX00 (total). <br>|  | Document Uploaded. For Unit 1 we are using the Market rent value indicated on the appraisal report<br>For Unit 2 (the larger unit) the borrower provided 2 months rent check receipts and lease agreement. Therefore we increased the appraisal market rent of XXXX to XXXX (125%)<br>Unit 1 XXXX & Unit 2 XXXX = XXXX<br>Our DSCR value is still over 1 - XXXX <br>With the Leases and rental receipts (deposited) we increased the 1007 rental income by 125% per guidelines, giving us a max rental amount considered XXXX which is still less than the lease agreement amount. - XXXX<br>| Evidence of 2 months rent was provided. Condition resolved. - XXXX<br>Condition upheld. Missing the evidence of rental payment receipt. There are three print-outs in file all dated the same date at the same time. There is no evidence that these are not one in the same, who they are from, etc. Provide evidence of monthly rental income from each tenant. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121060 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Missing Service Provider List | The loan file does not contain the Service Provider List. <br>|  | Document Uploaded. - XXXX<br>| Received SPL - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121060 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | AbilityToRepay: QMPointsAndFees | The loan fees (XXXX) exceed the (QM) (Note Amount >=XXXX) fee limit, which is 3% of the Total Loan Amount (XXXX), the difference is (XXXX). (12 CFR 1026.43(e)(3). Loan is Non-QM. <br>|  | Not sure what to address here. Loan is Non-QM and subject to 5% - XXXX<br>| Loan is nonQM. Finding in error - XXXX<br>|  | XXXX | Void | 3 |  | 4 | 1 |
| XXXX | XXXX | 4350121060 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | The loan disbursement date (XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) Disbursement date is XXXX. Rescission expiration date is XXXX. Please provide a Post-Closing CD reflecting the correct loan disbursement date according to the borrower's execution of final loan docs at closing. <br>|  | Document Uploaded. - XXXX<br>| Received PCCD correcting the disbursement date - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121060 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Asset 1 Less Than 2 Months Verified | Asset has less than 2 months verified in file. <br>|  | Document Uploaded. UW used cash out for reserves but failed to remove the asset from 1003/1008 and submitted CLP. Attached is revised 1003/1008 removing asset. Please review and clear condition. - XXXX<br>| UW used cash out for reserves but failed to remove the asset from 1003/1008 and submitted CLP. Revised 1003/1008 removing asset provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121060 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Missing Income - Bank Statements | Missing bank statements to complete a full year income for account \*XXXX \*\*\*  |  | The borrower transitioned using his personal account for business (XXXX) to opening an actual business account (XXXX). You can see this is absolutely supported by the 12 mos personal bank statements provided the deposits dropped off in personal account when the business account was opened XXXX. Please clear condition. - XXXX | The borrower transitioned using his personal account for business (XXXX) to opening an actual business account (XXXX). 12 months personal bank statements provided the deposits dropped off in personal account when the business account was opened XXXX. Condition resolved. - XXXX |  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121060 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121058 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121058 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121058 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121022 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XXXX | XXXX | Compliance | Missing Tangible Net Benefit Disclosure | The Tangible Net Benefit Disclosure was not provided. The Underwriter Summary reflects this is not required, however, refinances, especially a cash out refinance on an unseasoned XXXX mortgage do require this.  |  | NTB is generally applicable to refinance transactions—particularly rate/term or streamline refinances—where there is a requirement to demonstrate a clear benefit to the borrower.<br> In this case, the loan is structured as a delayed financing cash-out transaction, which is treated more as a reimbursement of funds used to acquire the property rather than a traditional refinance. As such, the borrower is simply recouping their original investment, and an NTB analysis is not applicable. - XXXX<br>| Confirmed though documentation in the file the mortgage payoff is a 6 month interest only balloon payment. A NTB is not required. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121022 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XXXX | XXXX | Property | Property Issue - Neighborhood Location | The subject appraisal verified a neighborhood location not allowed per guidelines. per guideline, rural property is eligible up to XXXX Acres with LTV ≤ 70%. <br>|  |  | Document Uploaded. - XXXX<br>Approved Exception provided for the Subject property being Rural. - XXXX<br>| LTV < 70% and 5% less than Max, Qualifying DTI < 35% and 10% < max, Disposable income >XXXX per month | XXXX | Waived | 1 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121022 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XXXX | XXXX | Credit | Credit Profile - Insufficient Tradelines | The documented tradelines do not meet the minimum tradelines required per guidelines. The exception is missing <br>|  | Document Uploaded. - XXXX<br>| Approved Exception was provided for insufficient credit history. - XXXX<br>| LTV < 70% and 5% less than Max, Qualifying DTI < 35% and 10% < max, Disposable income >XXXX per month | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121022 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121022 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XXXX | XXXX | Credit | Borrower 1 CPA Letter Missing | Borrower 1 CPA letter missing from the file. <br>|  |  | Document Uploaded. - XXXX<br>Borrower 1 CPA letter missing from the file. Approved Exception in file for P&L being prepared by a PTIN not a CPA was provided. - XXXX<br>| LTV < 70% and 5% less than Max, Qualifying DTI < 35% and 10% < max, Disposable income >XXXX per month | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121022 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XXXX | XXXX | Credit | Verification Documentation - Employment History | The employment and/or income verifications do not substantially match the loan application and/or credit report information. <br>|  |  | Document Uploaded. - XXXX<br>The employment and/or income verifications do not substantially match the loan application and/or credit report information. Approved Exception provided for not having a Business Internet Search. - XXXX<br>| LTV < 70% and 5% less than Max, Qualifying DTI < 35% and 10% < max, Disposable income >XXXX per month | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. Missing exception for 1st time home buyer max LTV 70%. Loan approved/qualified with 80% LTV. Exception already in file is for 1st home buyer, not including exception for LTV. <br>|  | We have an internal FTHB exception already in file. The exception for FTHB is the LTV exception. We recognized it is FTHB and LTV requirements allowing it to be at 80% per exception form. - XXXX<br>| Condition set in error. LTV Condition covers this. - XXXX<br>|  | XXXX | Void | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. Missing exception for 1st time home buyer max LTV 70%. Loan approved/qualified with 80% LTV. Exception already in file is for 1st home buyer, not including exception for LTV. <br>|  | Document Uploaded. - XXXX<br>| Condition set in error. LTV Condition covers this. - XXXX<br>|  | XXXX | Void | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Missing exception for 1st time home buyer max LTV 70%. Loan approved/qualified with 80% LTV. Exception already in file is for 1st home buyer, not including exception for LTV. <br>|  | Document Uploaded. - XXXX<br>| Approved Exception provided for: FTHB and using 80%LTV. - XXXX<br>| FICO (764) ≥ 740 and 20 points higher than minimum, 5 year PPP. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Per guidelines-First Time Homebuyers: First Time Home Buyers ("FTHB") are allowed on an exception basis. Loan approve/qualified as 1st time home buyer. A formal exception is in file. <br>|  |  |  | Compensating factors-Borrower FICO >= 740 and 20 pt higher than minimum. Pre-payment >= 3 years. Borrower has good remaining assets after reserves reduction. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Exception is present for waiving lease agreement, property is vacant, loan is interest only with ltv 73%. <br>|  |  |  | Housing History 0x30x24 actual 74 months rated and Prepayment penalty of 3 years. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. Guidelines require for DSCR less than 1.0 score, refinance transaction a minimum score of 720, when qualifying credit score was 707. The exception provided did not specify there was a credit score exception. <br>|  | Document Uploaded. - XXXX<br>| Approved exception in file for FICO of 707 being below min. - XXXX<br>| PPP > 3 years, housing history 0x30x24, 50 months reserves. | XXXX | Waived | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Duplicate - Exception already launched for LTV. <br>|  |  | Approved exception in file for 73% LTV. - XXXX<br>| PPP > 3 years, housing history 0x30x24, 50 months reserves. | XXXX | Waived | 1 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121038 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Delinquent Credit History Does Not Meet Guideline Requirements | Delinquent Credit History does not meet guideline requirements. Per guidelines, any mortgages reported on the credit report must reflect a 0x30x12 payment history. There are 4 late payments showing on the XXXX/XXXX. XXXX mortgage on the account with two lates in the last 12 months. Also, no verification of the brother making the payments was found in the loan documents. <br>|  | Document Uploaded. - XXXX <br>There were late payments but it still shows proof that the brother paid and the brother was responsible for the payments and not our borrower. - XXXX <br>Document Uploaded. see attached additional statements proof of brother paying solely so no exception required. - XXXX <br>Document Uploaded. Last 2 showing current paid without late. History of brother paying last 2 months. - XXXX<br>| Approved Exception provided for late payment on Mortgage. - XXXX<br> The Mortgage is on her credit report. she is either obligated or a co-signor. Provide exception for late payments. - XXXX<br> Condition upheld. Per the Bank Statements and MLS statements provided there are no payments listed on the statements for XXXX - XXXX, XXXX - XXXX, and XXXX - XXXX. On v Borrower's brother made two payments. Missing evidence of two months payments and account is not 0x30 as required per guidelines. - XXXX<br> Condition upheld. 12 months proof of another making the payment is required. The borrower still has 2x30 in last 12 months. An exception would be required. - XXXX | Borrower has worked in same job for ≥3 years, Borrower has worked in same industry ≥ 5 years, FICO 734. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121038 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121038 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121034 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. The loan was approved with an LTV of 80%, but the maximum LTV for a first time homebuyer is 70%. A formal exception is located in the loan file. <br>|  |  |  | The loan has a prepayment penalty greater than or equal to 3 years. The Borrower has a FICO of 732 which is more than 10 points greater than the minimum allowed. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121034 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121034 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The borrower is a first-time homebuyer. Per guidelines, First Time Home Buyers ("FTHB") are allowed on an exception basis. A formal exception is located in the loan file. <br>|  |  |  | The prepayment penalty is greater than 3 years. The FICO score of 732 is 10 points above the guideline requirement of 720. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121034 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121029 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121029 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121029 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121012 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Hazard Insurance Coverage is less than all Subject Lien(s) | Hazard Insurance Coverage Amount of XXXX is less than Total Amount of Subject Lien(s) of XXXX.00  |  | appraisal cost to new is XXXX. Coverage exceeds this amount. - XXXX<br>| Hazard Insurance Coverage Amount of XXXX000 is equal to or greater than Total Amount of Subject Lien(s) or Guaranteed Replacement Coverage is present - XXXX<br>|  | XXXX | Resolved | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121012 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. CLTV exception approval for First Time Home Buyer, page 261-264. <br>|  |  |  | Prepayment Penalty ≥ 3 years<br> Borrowers FICO 728 | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121012 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121012 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Condo - Warrantability | Condominium project is not warrantable, or documentation not provided to determine warrantability In accordance with the guidelines, the borrower's loan-to-value (LTV) ratio is 70%, the loan amount exceeds XXXX, and the condominium is non-warrantable; therefore, an exception is required. The lender has granted this exception based on the following compensating factors: verified monthly reserves exceeding the minimum requirement by four months, a prepayment penalty period greater than three years, and a FICO score above 740. Documentation supporting the exception is available on page 482. <br>|  |  |  | In accordance with the guidelines, the borrower's loan-to-value (LTV) ratio is 70%, the loan amount exceeds XXXX, and the condominium is non-warrantable; therefore, an exception is required. The lender has granted this exception based on the following compensating factors: verified monthly reserves exceeding the minimum requirement by four months, a prepayment penalty period greater than three years, and a FICO score above 740. Documentation supporting the exception is available on page 482. | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Audited loan amount is greater than the guideline Maximum loan amount. Waiver in the file to use 70% LTV, Loan over XXXX, and non warrantable condo page 482. <br>|  |  |  | In accordance with the guidelines, the borrower's loan-to-value (LTV) ratio is 70%, the loan amount exceeds XXXX, and the condominium is non-warrantable; therefore, an exception is required. The lender has granted this exception based on the following compensating factors: verified monthly reserves exceeding the minimum requirement by four months, a prepayment penalty period greater than three years, and a FICO score above 740. Documentation supporting the exception is available on page 482. | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 2 |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. Exception in file for 70% LTV. Waiver in the file to use 70% LTV, Loan over XXXX max, and non warrantable condo page 482. <br>|  |  |  | In accordance with the guidelines, the borrower's loan-to-value (LTV) ratio is 70%, the loan amount exceeds XXXX, and the condominium is non-warrantable; therefore, an exception is required. The lender has granted this exception based on the following compensating factors: verified monthly reserves exceeding the minimum requirement by four months, a prepayment penalty period greater than three years, and a FICO score above 740. Documentation supporting the exception is available on page 482. | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. Exception in file for 70% HLTV <br>|  |  |  | In accordance with the guidelines, the borrower's loan-to-value (LTV) ratio is 70%, the loan amount exceeds XXXX, and the condominium is non-warrantable; therefore, an exception is required. The lender has granted this exception based on the following compensating factors: verified monthly reserves exceeding the minimum requirement by four months, a prepayment penalty period greater than three years, and a FICO score above 740. Documentation supporting the exception is available on page 482. | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Exception in file for 70% LTV <br>|  |  |  | In accordance with the guidelines, the borrower's loan-to-value (LTV) ratio is 70%, the loan amount exceeds XXXX, and the condominium is non-warrantable; therefore, an exception is required. The lender has granted this exception based on the following compensating factors: verified monthly reserves exceeding the minimum requirement by four months, a prepayment penalty period greater than three years, and a FICO score above 740. Documentation supporting the exception is available on page 482. | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Appraisal is Missing | The file is missing the appraisal. Missing 2nd appraisal or field review (required for loan amount >XXXX). <br>|  | Document Uploaded. attached - XXXX <br>Document Uploaded. - XXXX<br>| Field Review supporting value was provided. Condition resolved. - XXXX<br>Appraisal is Present or is Waived - XXXX<br>Condition upheld. The Appraisal in the file is the one we have. Per Guidelines: A field review or 2nd full appraisal is required loan amount > XXXX. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 2 |
| XXXX | XXXX | 4350120989 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120989 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120989 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121057 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121057 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121057 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Final Settlement Statement Missing. | The final Settlement Statement document is missing. Closing Disclosure provided is missing loan term data points, and the XXXX Settlement Statements provided are either estimated or they are not for the subject property. <br>|  | Document Uploaded. - XXXX<br>| XXXX Settlement Statements provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121059 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121059 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Proof of hazard insurance and property taxes for XXXX, HOA statements for the primary residence at XXXX and XXXX, and evidence of a second mortgage with XXXX for the primary residence at XXXX reflecting a payment of XXXX are missing.<br>|  | Document Uploaded. - XXXX<br>| Docs provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121059 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121061 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not contain the initial Closing Disclosure. <br>|  | Initial CD issued XXXX per review of lender's compliance report is missing from the file; finding is valid - XXXX <br>Document Uploaded. - XXXX<br>| Received ICD - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121061 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121061 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121061 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Federal - Closing Disclosure and Consummation Date | The Initial Closing Disclosure was provided on (2026-04-21) via (USPSFirstClassMail). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction not later than three business days prior to the consummation date of (XXXX). Since the Initial Closing Disclosure was not provided in person, a consumer is considered to have received it on (XXXX-24), which is three business days after it was delivered or placed in the mail. Since the Initial Closing Disclosure was not provided to the consumer in person, it should have been provided to the consumer no later than (XXXX), for consummation to occur on (XXXX). (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) Received initial CD signed by non-borrowing spouse, however the borrower, XXXX XXXX' receipt of the ICD is not evidenced in the file. No evidence in the loan file the borrower XXXX XXXX received the initial CD at least 3 days prior to closing <br>|  | Document Uploaded. Please see attached Audit trail from our LOS (XXXX) Borrower acknowledged on XXXX. - XXXX<br>| Received e-sign tracking for delivery date - XXXX<br>Resolved - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121061 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | The loan disbursement date (XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) . FCD discloses disbursement date of XXXX, however docs were not executed until XXXX, so not eligible for disbursement until XXXX. Provide PCCD correcting disbursement date <br>|  | Document Uploaded. - XXXX<br>| Received PCCD correcting the disbursement date - XXXX<br>Resolved - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Verification Documentation - Expired | The following loan documents were expired at the time of closing. The borrower's driver's license expired in XXXX. <br>|  | Document Uploaded. - XXXX <br>Hi team, we are requesting the updated docs with the borrower. Can this condition be moved to trailing? Thank you! - XXXX<br>| Updated ID provided, not expired. - XXXX<br> Condition upheld. The borrower's driver's license expired in XXXX.. Provide active driver's license. - XXXX |  | XXXX | Resolved | 2 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Liabilities - Not Verified | The application lists debts that were not verified on the credit report and not XXXXly verified. Provide a current XXXX statement to confirm a balance of XXXX and a payment of XXXX as reported on the final 1003. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Corrected 1003 was provided. Condition resolved. - XXXX<br>Condition upheld. LOE provided. Provide updated 1003 removing liability. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Property Title Issue | Property title issue. The borrower's name is required to be listed on the preliminary title; however, the borrower's name is missing.<br>|  | Document Uploaded. - XXXX <br>Hi team,<br> This is a purchase loan, therefore the prelim title report shows the seller's name instead of the borrower's name. Can this condition be cleared? - XXXX<br>| Edit from Title provided showing proposed insured was provided. Condition resolved. - XXXX<br>Condition upheld. Provide supplemental report showing borrower name, property address and insured amount. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120985 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase and valuation type of purchase contract has not been selected. The purchase contract is not in the file.<br>|  | Document Uploaded. - XXXX<br>| Purchase Contract provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120985 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120985 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. The rate locked on the revised LE but we need confirmation of the rate lock date. <br>|  | Document Uploaded. - XXXX<br>| Received evidence of rate lock - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Title Document Missing | Title document is missing. The title document is not in the file.<br>|  | Document Uploaded. - XXXX<br>| Correct Title provided. Condition resolved. - XXXX<br>Title document is fully present - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121018 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Condo - Warrantability | Condominium project is not warrantable, or documentation not provided to determine warrantability <br>|  | Per Underwriting Final Approval, loan was approved as an 80% LTV non-warrantable condominium project. Guidelines require maximum LTV for a non-warrantable condo of 75%. Approved Exception Form does not include language for LTV exception for a non-warrantable condominium property. - XXXX <br>Document Uploaded. On our exception form, we have exception for 80%LTV. Attached screenshot. - XXXX<br>| Exception in file for the 80% LTV for a Non-Warrantable Condo - XXXX<br>| Prepayment > 3 years<br> FICO 739 | XXXX | Waived | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121018 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Max LTV is 75% for DSCR < 1 purchase transaction. Exception file <br>|  |  |  | Prepayment penalty > 3 years<br> FICO 739 | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121018 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. First Time Home Buyers ("FTHB") are allowed on an exception basis. Exception in file<br>|  |  |  | Prepayment > 3 years<br> FICO 739 | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121018 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121014 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121014 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121014 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121015 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121015 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | HO6 Insurance Policy Effective Date is after the Note Date | HO-6 insurance policy effective date is after the Note date. The note date is XXXX, and the HO-6 policy effective date is XXXX. <br>|  | Document Uploaded. both the current and renewal insurance were uploaded. see attached. - XXXX<br>| Current HO-6 Policy was from XXXX - XXXX and Renewal is from XXXX - XXXX. Condition resolved. - XXXX<br>HO-6 Insurance Policy Effective Date of XXXX is prior to or equal to the Note Date of XXXX Or HO-6 Insurance Policy Effective Date Is Not Provided - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121015 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121017 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121017 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121017 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121016 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121016 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121016 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121043 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121043 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121043 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121021 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121021 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121021 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121026 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121026 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121026 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121037 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121037 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121037 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Credit Report and 1003 mismatch | The credit report reflects 2 open mortgage loans not reflects on the 1003. <br>|  | Document Uploaded. attached final 1003. it does reflect. - XXXX<br>| Corrected 1003 was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121035 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121035 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121035 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121027 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121027 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121027 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Approval/Underwriting Summary Deficient | Approval/Underwriting Summary is deficient. The P&I reflected on the 1008 is XXXX, but the P&I reflected on the Note is XXXX. Using the higher P&I, the DTI increases from XXXX. Please provide the final 1008/loan approval. <br>|  | Document Uploaded. Our LOS system, XXXX, defaults the 1008 p&i to the primary and not the subject. Attached final approval for P&I. - XXXX<br>| Loan Approved was located in the loan file and and was provided as well. Condition resolved. - XXXX<br>Approval/Underwriting Summary is fully present - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Approved Exception was provided to allow 75% LTV. Guideline max for cash-out of a Primary with a 680 FICO is 70%. 5% LTV exception was granted. <br>|  |  |  | Borrower has worked in the same job for more than three years. Housing payment history of 0x30x24 or better. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows uncleared alerts. There is a high alert showing on the fraud report for the borrower's social security number. Validation of the social security number for the borrower is missing from the loan file. <br>|  | Document Uploaded. - XXXX<br>| Fraud Report and SSA verification were provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Borrower 1 IRS Transcripts Missing | Borrower 1 IRS Transcripts missing from the file. Per guidelines, for wage earners, 4506-C W2 transcripts or 4506-C transcripts are required. This documentation is missing from the loan file <br>|  | This is a WVOE loan program. Does not apply. - XXXX<br>| Condition set in error. Loan was underwritten to WVOE program. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Borrower 1 Paystubs Missing | Borrower 1 paystubs missing from the file. Per guidelines, the most recent paystub (most recent thirty (30) day period) including year-to-date earnings (YTD must cover minimum of thirty (30) days) is required. This documentation is missing from the loan file <br>|  | This is a WVOE loan program. Does not apply. - XXXX<br>| Condition set in error. Loan was underwritten to WVOE program. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Borrower 1 W2/1099 Missing | Borrower 1 W2/1099 missing. Per guidelines, One/Two years IRS 1040s or W2's and a Written Verification of Employment is required. The Written Verification of Employment is in file, but the 2 years of W2's are missing. <br>|  | This is a WVOE loan program. Does not apply. - XXXX<br>| Condition set in error. Loan was underwritten to WVOE program. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121019 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121019 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121019 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121033 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Cash Deposit | Source of EMD XXXX have not been verified Loan purpose is purchase, confirm if cash deposit has cleared account. EMD Loan purpose is purchase, confirm if cash deposit has cleared account. <br>|  | Document Uploaded. our guidelines accepts escrow letter confirming receipt of funds as proof. See attached. - XXXX <br>Document Uploaded. - XXXX<br>| Per guidelines, EMD can be verified with an Escrow Letter alone. Condition resolved. - XXXX<br>Condition upheld. Provide evidence of where the XXXX EMD deposit came from. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121033 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121033 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Assets - Insufficient Cash to Close or Reserves | Liquid Funds Post-Close of '$-XXXX', are less than XXXX. Borrower total verified assets are insufficient for cash to close/reserves XXXX <br>|  | Funds will be enough with EMD included. - XXXX<br>| Per guidelines, EMD can be verified with an Escrow Letter alone. Condition resolved. - XXXX<br>On Hold for EMD Condition. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121033 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121020 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121020 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121020 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121028 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121028 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121028 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121050 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Assets - Insufficient Cash to Close or Reserves | Liquid Funds Post-Close of '$-XXXX', are less than XXXX. Missing additional assets for reserves of XXXX <br>|  | Can you break down your calculations? There is emd of XXXX and XXXX. We have enough funds. - XXXX | EMD was verified, Borrower has sufficient assets and reserves. Condition resolved. - XXXX<br>Liquid Funds Post-Close are greater than or equal to XXXX. - XXXX<br>Liquid Funds Post-Close are greater than or equal to XXXX. Borrower(s) total verified assets are insufficient for cash to close or reserves. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121050 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121050 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121036 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121036 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121036 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Eligibility - Investor Experience | The borrower(s) investor experience does not meet guideline requirements. First-time home buyers (FTHB) are allowed on an exception basis. The exception in the file does not reflect the two required compensating factors.<br>|  | Document Uploaded. Attached exception. - XXXX <br>Document Uploaded. - XXXX<br>| Condition set in error. First Time Investors are allowed. - XXXX<br>Condition upheld. Borrower has 5.36 months reserves, 3 months are required per guidelines do Comp Factor used is not valid. Subject loan is DSCR and Borrower lives rent free. Housing payment history comp factor is invalid. - XXXX<br>Condition upheld. Comp factors on Exception are not accurate. Borrower only has 5.36 months reserves and 3 are required. They is no housing history in the file. Borrower has no mortgages on Credit Report. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121036 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. LTV for first-time home buyers is reduced by 5%, with a maximum LTV of 70%. The loan LTV is 75%. The exception in the file does not reflect the required two compensating factors. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Approved exception was provided for FTHB. - XXXX<br>Condition upheld. Comp factors on Exception are not accurate. Borrower only has 5.36 months reserves and 3 are required. They is no housing history in the file. Borrower has no mortgages on Credit Report. - XXXX<br>| DSCR > 1, FICO is 728, 5 year PPP. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120988 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120988 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120988 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120986 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Provide loan approval or final 1008 Underwriting Summary. <br>|  | Document Uploaded. - XXXX<br>| Approval/Underwriting Summary provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120986 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120986 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121049 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. LTV is 5% more than maximum guidelines, approved exception in file. <br>|  |  |  | Compensating factors include PPP > 3 years (5 yrs per) and Qualifying DSCR is > 1.1 and 0.1 | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121049 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121049 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121030 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Federal - Finance Charge Disclosure Tolerance (Closed End) | The disclosed finance charge (XXXX) is (XXXX) below the actual finance charge(XXXX). The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than XXXX below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) per the final closing disclosure, the finance charge is XXXX <br>|  |  | Real Estate Admin was tested incorrectly. Fee has been updated and passes the TILA test per Mavent. - XXXX<br>Resolved - XXXX<br>|  | XXXX | Void | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121030 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing Missing Soft Pull Credit Refresh required before closing <br>|  | Refresh not needed as credit report pull was done on XXXX within 30 days of closing date. - XXXX | Condition set in error. Credit Report 17 days old. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121030 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Appraisal is Missing | The file is missing the appraisal. <br>|  | Document Uploaded. - XXXX<br>| Appraisal provided. Condition resolved. - XXXX<br>Appraisal is Present or is Waived - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121025 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Max 70% LTV for cash out refinance per guidelines.80% LTV Exception in file. <br>|  |  |  | Compensating factors include Qualifying DSCR> 1.1 and 0.1 > minimum and FICO > 740 and 20 Points higher than minimum required. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121025 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Appraisal transfer requires exception per guidelines. Exception in file. <br>|  |  |  | Compensating factors include Qualifying DSCR> 1.1 and 0.1 > minimum and FICO > 740 and 20 Points higher than minimum required. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121025 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121025 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121032 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121032 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121032 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121032 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing 12 months rental/mortgage history - 6 months have been provided. <br>|  | Borrower did not have the property for 12 months. Payment started XXXX. There is 6 months seasoning on this. This should satisfy the condition. - XXXX <br> Document Uploaded. - XXXX | Per explanation: Borrower did not have the property for 12 months. Payment started XXXX. There is 6 months seasoning on this. Condition resolved. - XXXX<br> Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - XXXX<br> Condition upheld. Note date is XXXX and disbursed on XXXX Provide evidence XXXX payment was made on time. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121047 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. LTV less than 70%, More than 4 reserves on file, Prepayment penalty less than equal to 3 years <br>|  |  |  |  | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121047 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121047 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121047 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121044 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121044 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121044 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Program maximum LTV for cash-out transactions with a DSCR of 1 or greater is 70%. The subject LTV is 75%. A formal exception is in file. <br>|  |  |  | The borrowers cash reserves are greater than 3 months. The borrowers FICO is 20 points or more than minimum requirement. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Missing VOM or VOR | The loan file does not contain the required VOR. <br>|  |  |  | The borrowers cash reserves are greater than 3 months. The borrowers FICO is 20 points or more than minimum requirement. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Required title seasoning is less than 6 months due to a transfer from one LLC to another. A formal exception is in file. <br>|  |  |  | The borrowers cash reserves are greater than 3 months. The borrowers FICO is 20 points or more than minimum requirement. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Appraisal Transfer Letter - Missing | The loan file does not contain the Appraisal Transfer Letter as required. Subject's appraisal was transferred from another lender on a cash out transaction. Guidelines do not allow a transferred appraisal on a cash out loan. A formal exception in file. <br>|  |  |  | The borrowers cash reserves are greater than 3 months. The borrowers FICO is 20 points or more than minimum requirement. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | TRID: Missing Final Closing Disclosure | The loan file does not contain the Final Closing Disclosure. Upload all pages of Final CD <br>|  | File is a DSCR loan. Our business purpose settlement statement was provided for final figures. - XXXX<br>| Executed settlement statement in the file. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121053 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Exception is present for first time homebuyer with LTV of 75%. <br>|  |  |  | Fico of 749 is > 720 and 20 points higher than minimum. DSCR is > 1.1 at 1.15 | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121053 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121053 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121054 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121054 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121054 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121045 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121045 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121045 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Maximum LTV allowed per guidelines is 70% for a cash out refinance. Loan qualified at 75%. Per Loan Approval, an exception was granted. Missing the formal exception form. <br>|  | Document Uploaded. attached exception form. - XXXX<br>| Approved exception provided for 75% LTV. - XXXX<br>| Monthly reserves verified and 4 months ≥ minimum 11 months, FICO ≥ 740 and 20 points higher than minimum 775. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121045 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Appraisal - Other | There are additional appraisal findings. Appraisal Transfer is not allowed per Guidelines on Cash-Out loans. <br>|  |  | Approved Exception provided for Appraisal Transfer on a cash-out loan. - XXXX<br>| Monthly reserves verified and 4 months ≥ minimum 11 months, FICO ≥ 740 and 20 points higher than minimum 775. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121045 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Occupancy | The subject loan does not meet program parameters for occupancy. Subject property is vacant. <br>|  |  | Approved exception provided for subject being vacant. - XXXX<br>| Monthly reserves verified and 4 months ≥ minimum 11 months, FICO ≥ 740 and 20 points higher than minimum 775. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. Guidelines require a minimum FICO score of 720 when the DSCR score is between 0.75 and 1.0, when the Guarantor FICO score was 685 - A formal exception is in file. <br>|  |  |  | Compensating factors used were Reserves over 3 months and Prepayment penalty term is over 3 years long. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not meet guideline requirements. Missing subject property mortgage history to meet guideline requirements. Purchase money Note provided indicated interest-only payments were due for nine months, starting XXXX. <br>|  | Borrower has met the 6 months seasoning (we don't need full 12 months mortgage history) and this is a hard money lender therefore they do not provide mortgage statements – payoff also does not reflect any additional late payments included in the full payoff amount. - XXXX<br>| Subject Mortgage being paid off is dated XXXX. It is I/O loan with 1st I/O payment due XXXX. Only 6 I/O payments were made and P/O in file shows no lates. Condition resolved. - XXXX<br> Housing history meets guideline requirements. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121048 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121048 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121048 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Cash out does not meet guideline requirements. Subject is a cash out refinance. Borrower obtained property on XXXX. Guidelines require 6 months seasoning. No exception in file. If this is a delayed financing loan, missing sources of funds used for the purchase transaction. <br>|  | Document Uploaded. See attached delayed financing docs. - XXXX<br>| Subject Transaction is Delayed Financing. All Delayed Financing Docs were provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Guideline max is 70% for LTV/CLTV/HCLTV - A formal exception is in file. <br>|  |  |  | Compensating factors used were FICO score higher than 720 and Qualifying DSCR score is over 1.0. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Missing Lease Agreement | Missing lease agreement - A formal exception is in file. <br>|  |  |  | Compensating factors used were FICO score higher than 720 and Qualifying DSCR score is over 1.0. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Cash Out Does Not Meet Guideline Requirements | Cash out does not meet guideline requirements. Guidelines state 6 months title seasoning is required for a transaction to be eligible for cash out. Per Warranty Deed, property was acquired XXXX, and subject loan close date was XXXX which is 136 days and less than 6 months required per guidelines. <br>|  | This is a delayed financing loan. - XXXX<br>| Subject Transaction is Delayed Financing. Evidence of renovations was provided. Condition resolved. - XXXX<br>Cash Out Meets Guideline Requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Guidelines require a property that was purchase 6 months or less prior to application date, the LTV is to be based on the lesser of the sales price plus any documented improvements or the current appraised value. Per Loan Approval, the LTV was based on the appraised value of XXXX when the appraisal report showed the subject was purchased XXXX for XXXX. No documented dollar amount for property improvements was provided to justify the use of the XXXX property value in establishing the loan LTV/CLTV/HCLTV. <br>|  | Document Uploaded. attached. - XXXX<br>| Transaction is delayed Financing. Approved exception in file waiving the Lease Agreement and using 75%LTV. - XXXX<br>| Compensating factors used were FICO score higher than 720 and Qualifying DSCR score is over 1.0. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120991 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120991 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120991 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121064 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121064 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121064 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. Proof of Rate Lock is missing. <br>|  | Document Uploaded. - XXXX<br>| Evidence of Rate Lock Provided - XXXX<br>Received rate lock - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121064 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | AbilityToRepay: QMPointsAndFees | The loan fees (XXXX) exceed the (QM) (Note Amount >=XXXX) fee limit, which is 3% of the Total Loan Amount (XXXX), the difference is (XXXX). (12 CFR 1026.43(e)(3). N/A; Non-QM <br>|  |  | The loan fees (XXXX) exceed the (QM) (Note Amount >=XXXX) fee limit, which is 3% of the Total Loan Amount (XXXX), the difference is (XXXX). (12 CFR 1026.43(e)(3). - XXXX<br>|  | XXXX | Void | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121064 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Charges That Cannot Increase Test XXXX | The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The credit report fee increased from XXXX on the Loan Estimates dated XXXX and XXXX to XXXX on the Loan Estimate dated Closing Disclosure dated XXXX and then XXXX on the final Closing Disclosure dated XXXX without a valid change in circumstance. <br>|  | Document Uploaded. - XXXX<br>| Received CIC for the increased fee - XXXX<br>- XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121064 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | Insufficient Change of Circumstance XXXX | The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)).  |  |  | - XXXX<br>|  | XXXX | Void | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121086 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121086 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121086 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121088 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Cash Out Does Not Meet Guideline Requirements | Cash out does not meet guideline requirements. Guidelines require borrower ownership seasoning of six months for a transaction to be eligible for cash out. Per 1008 notes, HELOC draws had been made within the last 6 months from the current lien holder. No exception was provided to address the matter. <br>|  | Document Uploaded. - XXXX<br>| LOE provided. Per title, the borrower (company) acquired the property on XXXX. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121088 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121088 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121087 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121087 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Hazard Insurance Coverage is less than all Subject Lien(s) | Hazard Insurance Coverage Amount of XXXX is less than Total Amount of Subject Lien(s) of XXXX.00 The hazard coverage amount is XXXX and does not include replacement cost coverage. The loan amount is XXXX. The replacement cost estimate (RCE) is not in the file.<br>|  | Document Uploaded. Even though this is a PUD, there is a Master Insurance policy (see property coverage) for the project. This should serve as sufficient coverage. Please clear. Thank you. - XXXX<br>| PUD Master policy provided. Condition resolved. - XXXX<br>Hazard Insurance Coverage Amount of XXXX000 is equal to or greater than Total Amount of Subject Lien(s) or Guaranteed Replacement Coverage is present - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121087 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121090 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Income and Employment Do Not Meet Guidelines | Income and employment do not meet guidelines. The borrower has six NSF occurrences, which exceeds the guideline maximum of five. A formal exception is in file.<br>|  |  |  | The qualifying FICO score is 703, which exceeds the guideline minimum requirement of 660.<br> The borrower has 30 months of reserves available, exceeding the guideline requirement of 3 months.<br> The borrower has been self-employed for 15 years, demonstrating a stable employment history.<br> The borrower has owned their primary residence for 9 years.<br> The borrower has adequate residual income of XXXX. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121090 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121090 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121089 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Please document that the mortgage for the primary residence, with XXXX Bank, is fully escrowed to support the payment used to qualify. <br>|  | Document Uploaded. - XXXX<br>| UW cert provided. DSCR loan the ratio is calculated off of the subject property's rental and PITIA. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121089 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Purchase Contract - Concessions | The contract contained unallowable concessions or significant personal property. The contract states that any furniture in the home stays. Please document the value of the furniture which conveyed with the property. To be deducted from sales price. <br>|  | Document Uploaded. Please find the attached certification regarding the seller concession. Thank you. - XXXX<br>| Docs provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121089 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121089 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121085 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121085 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121085 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121080 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121080 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121080 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. <br>|  | Property is a short term rental located in XXXX, borrower has XXXX is the agent managing the property" directly from the exception and enter the comp factors. Waived and grade '2' - XXXX <br>|  | FICO higher than 740, AND at least 20 points higher than guideline minimum.<br>Qualifying DSCR higher than 1.1x, AND at least 0.1x higher than guideline minimum.<br>Borrower has real estate investment experience as seasoned investor with more than 2 prior investments<br> displaying at least 0x30x12 pay history. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121080 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121077 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121077 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121077 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121079 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121079 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121079 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | Missing Doc - ROR/Missing | Right of Rescission is missing. The borrower XXXX signed on the line indicating he wished to rescind the transaction. Co-borrower XXXXsigned on the line designated for XXXX to sign receipt of notice. Right to rescind for borrower XXXX is missing from the file. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Right of Rescission is provided. - XXXX<br>Received signed and dated rescission notices which have since expired. Finding resolved - XXXX<br>Received newly re-opened resicssion for both borrowers which will expire at midnight on XXXX. Resubmit after that date to clear exeption - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121079 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | Missing Doc - Initial TIL - Missing/Rescindable | Rescindable Transaction. The initial Truth in Lending Disclosure is missing from the file. The borrower XXXX XXXX XXXX signed on the line indicating he wished to rescind the transaction. Co-borrower XXXX XXXX signed on the line designated for XXXX XXXX to sign receipt of notice. Right to rescind for borrower XXXX XXXX is missing from the file. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Received newly signed and dated RTC for both borrowers which has since expired - XXXX<br>Received newly re-opened resicssion for both borrowers which will expire at midnight on XXXX. Resubmit after that date to clear exeption - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121076 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than total amount of subject lien(s). <br>|  | Document Uploaded. - XXXX<br>| Updated title provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121076 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121076 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121076 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Asset Qualification Does Not Meet Guideline Requirements | Asset Qualification does not meet guideline requirements. Per the guidelines two months of recent business bank statements must be provided to support the P&L gross income. The average bank statement deposits must be no lower than 85% of the monthly average of gross income reflected by the CPA P&L. <br>|  |  |  |  | XXXX | Void | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121078 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121078 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121078 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Property Issue - Neighborhood Location | The subject appraisal verified a neighborhood location not allowed per guidelines. According to guidelines, rural properties are approved on a case-by-case basis. The lock confirmation indicates "Rural: No"; however, the appraisal identifies the property as being located in a rural area. Please confirm whether the property's location has been approved. <br>|  | Please note: Property is zones AG. Its not rural. Rural is the neighborhood. - XXXX <br>appraisals have been reviewed and approved by both lender and investor and approved as is - XXXX<br>| Document Uploaded. Waived by seller with compensating factors. - XXXX<br>Condition upheld for Investor Review. Guidelines state Rural properties are expectable on a case by case basis, and Agricultural properties are ineligible. Loan will need an Approved Exception to be provided. - XXXX<br>| 1. 12+ months reserves<br> 2. 0X30 for 12+ months housing history | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120972 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Property Issue - Land size outside of guidelines | The subject's site size was atypical for the area and/or outside of guidelines. Guidelines state for the DSCR program that the maximum acreage for a rural property is 5 acres. Per appraisal report, the subject is rural on an XXXX acre site. <br>|  | Please note: Property is zones AG. Its not rural. Rural is the neighborhood. - XXXX <br>appraisals have been reviewed and approved by both lender and investor and approved as is - XXXX<br>| Document Uploaded. Waived by seller with compensating factors. - XXXX<br>Condition upheld for Investor Review. Guidelines state Rural properties are expectable on a case by case basis, and Agricultural properties are ineligible. Loan will need an Approved Exception to be provided. - XXXX<br>| 1. 12+ months reserves<br> 2. 0X30X12+ housing history | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120972 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120972 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | Missing Required rider to note | The Interest Only Rider is missing from the file. The document provided is the Interest Only Addendum to the Adjustable Rate Rider, which is not the required Interest Only Rider.<br>|  | Document Uploaded. Please note the interest-only provisions are documented within the executed Interest-Only Addendum to Adjustable Rate Rider contained in the closing package. No separate standalone Interest Only Rider was generated for this transaction. Additionally, supplemental closing instructions have been provided for review outlining the documents populated for this program and state. Thank you - XXXX<br>| Received requested documentation - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing The file does not contain a gap credit report from at least one of the three major national credit repositories (XXXX), dated within 10 days of closing, as required.<br>|  | This is a DSCR loan and excluded from the GAP Credit Report Requirement, thank you. - XXXX<br>| Borrower 1 Gap Credit Report is not missing. - XXXX<br>DSCR loan. GAP CR not required. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Per appraisal report and title commitment, the subject property is located on leasehold land. Guidelines allow leasehold land on a case-by-case basis, if the remaining term of the lease extends beyond the term of the loan. Leasehold approval with lease term confirmation that it exceeds the subject maturity date was not provided. <br>|  | Document Uploaded. Please see the land lease attached. The lease expires XXXX, which is after our loan term of XXXX - XXXX<br>| Received Master Condominium Sublease, and page 12 indicates the sublease expires XXXX, "the expiration date of the Master Lease." The subject loan maturity date is XXXX and is prior to the expiration of the Master and Sub-lease. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Missing Income - Bank Statements | Guidelines require the most recent 6 month asset documentation to support asset depletion funds. The only documentation provided to support asset depletion funds was XXXX one month statement for XXXX account #XXXX No statements were provided for XXXX #XXXX, and missing 6 months asset documentation for both of these XXXX' accounts. Documentation provided is to support XXXX monthly, averaged over a minimum 60-month period per guideline requirements.  |  | Document Uploaded. - XXXX <br> Document Uploaded. Adding XXXX for each account and again, each statement has the history of the account under "Account Value", which was used in lieu of additional statements since they show the history from 1 month ago, 1 yr. , etc.<br> Thank you - XXXX <br> Each statement has the history of the account under "Account Value", which was used in lieu of additional statements since they show the history from 1 month ago, 1 yr, etc. - XXXX <br> Document Uploaded. Please find attached XXXX statements. thank you. - XXXX | Exception provided. Exception to use less than 6 months statements from XXXX XXXX which reflect sufficient assets for asset depletion and reflect XXXXlance history in lieu of guideline. Each statement has account history which is used in lieu of additional statements. LTV 21.053%, DTI 45.92% with monthly discretionary income exceeding XXXX. Approved. - XXXX<br> Condition upheld. Per XXXX Guidelines dated XXXX: Borrower is qualified utilizing the most recent 6 months asset documentation verified: cash in bank, stocks, bonds, IRAs, 401K, mutual funds, and/or retirement accounts. Provide a complete 6 months asset documentation or an approved exception. - XXXX<br> XXXX which would show sufficient assets currently available to support asset depletion income used in qualifying. Still missing a full 6 months history for all three accounts per asset depletion guideline requirements. - XXXX | Low LTV, Low DTI, 12 mos reserves, high discretionary income, housing history 0x30 for 12+ months. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120977 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | Condo Rider is Missing | Condo Rider is missing. <br>|  | Document Uploaded. Please note this transaction is secured by a Tenancy in Common (TIC) interest and not a condominium unit. As such, a standard Condo Rider was not generated for this loan. The applicable Tenancy in Common Agreement was provided in lieu of a Condo Rider and is attached for reference.<br> Thank you. - XXXX <br>This is NA since it is TIC - XXXX<br>| Received Tenacy in Common agreement. Property is not a condo. No rider required - XXXX<br>A condo rider is still required for a tenacy in common condo mortgage. Provide re-recorded mortgage with all riders. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120977 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Condo - Warrantability | Condominium project is not warrantable, or documentation not provided to determine warrantability <br>|  | Document Uploaded. Subject property is held as a TIC (Tenancy-in-Common). <br> Attached please find the TIC Agreement and Attorney Approval. <br> Thank you. - XXXX<br>| Tenancy-in-Common docs provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120977 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Missing Homeowner's Association Questionnaire |  |  | This is NA since it is TIC - XXXX<br>| Tenancy-in-Common docs provided on previous condition. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120977 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | Missing Service Provider List | The loan file does not contain the Service Provider List. Service Provider List was not completed. <br>|  | Please confirm if the lender does not have any service providers to offer to borrowers as the disclosure is blank - XXXX <br>We confirm the lender does not have any service providers to offer to borrowers - XXXX<br>| Confirmed no SPL - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120977 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | Lender Credits That Cannot Decrease Test (XXXX) | The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is (XXXX). The Last CD shows a total lender credit amount of (XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). <br>|  | Document Uploaded. - XXXX<br>| Received CIC for the decrease in lender credit - XXXX<br>Resolved - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120976 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120976 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120976 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing <br>|  | Gap credit is not required for DSCR loans - XXXX<br>| Gap credit is not required for DSCR loans. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350120975 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120975 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120975 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Borrower 1 Deed of Trust Signature does not match Note | Borrower 1 Signature does not match Note Signature. Borrower signed as an individual on the note however signed as a Business Entity on the DOT. <br>|  | Document Uploaded. Please see the DOT accommodation rider. The format/verbiage in the rider allow for the borrower to sign the note as an individual and the DOT as an entity. Sample language is attached for your comparison. - XXXX<br>| Loan file contained and Accommodation Rider to the Deed of Trust. Condition resolved. - XXXX<br>Borrower 1 Signature matches Note - XXXX<br>The business entity names match. - XXXX<br>Borrower 1 Signature matches Note - XXXX<br>The business entity names match. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120981 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120981 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120981 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Asset 1 Less Than 2 Months Verified | Need recent bank statement for XXXX bank, statement on file is from XXXX. Guidelines require the most recent bank statement, and the subject loan closed XXXX. Asset has less than 2 months verified in file. Asset has less than 2 months verified in file. <br>|  | Document Uploaded. Please see attached - XXXX <br> In Addition, Lender guidelines require 1 month bank statement for bank statement reserves<br> - XXXX <br> The XXXX is considered acceptable since it is dated within 120 days of the transaction closing date. - XXXX | Exception approval provided for the use of XXXX bank statement only. - XXXX<br>| 29 months reserves housing history 0x30x24, FICO 770. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Third party valuation product to support appraisal value is missing | The CU score is unacceptable or not provided. Use appraisal and collateral desktop review to determine value of subject property for loan amount of XXXX - A formal exception is in file. <br>|  | Note: Per 1008, LTV/CLTV/HCLTV is based on the sales price of XXXX: XXXX / XXXX = 80%. - XXXX <br>|  | Compensating factors used were Back end debt ratio is less than 30%, Credit score is 770, Housing history has 0x30 lates, and 6+ months reserves. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Income 3 Months Income Verified is Missing | Income 3 months income verified is missing. Need documentation that supports the income for XXXX monthly per loan application. Loan was approved under the bank statement program. <br>|  | The business was not used for vesting, and therefore we were able to use the CPA letter to verify business existence, how long the borrower has owned the business, and ownership %. No other documentation is required - XXXX <br> Document Uploaded. - XXXX <br> Document Uploaded. Corrected income attached - XXXX <br> Income from XXXXs was not used to qualify, only income from XXXX DBA XXXX - XXXX | Income 3 Months Income Verified is Present Or Not Applicable - XXXX<br>CPA letter to verify business existence provided. Condition resolved. - XXXX<br>Income 3 Months Income Verified is Present Or Not Applicable - XXXX<br>Condition upheld. Provide all LLC documents for XXXXs LLC. (License and Operating agreement) - XXXX<br>Condition upheld. Income from XXXXs LLC is now being used per the provide corrected income document. Provide all LLC required documents for XXXXs LLC. - XXXX<br>Condition upheld. 1003 in file list XXXXs LLC for XXXX monthly for income also. Need documentation that supports the income for XXXXs LLC of XXXX monthly. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Asset 3 Does Not Meet Guideline Requirements | Asset does not meet G/L Requirements. Missing proof of receipt of XXXX XXXX XXXX property refinance proceeds of XXXX by borrower or subject property escrow per XXXX XXXX settlement statement. <br>|  | Document Uploaded. The closing funds of XXXX reflect as a transfer from the same transaction referenced on the refi closing statement. - XXXX<br>| Asset Record 3 Meets G/L Requirements Or Not Applicable - XXXX<br>Disbursement docs provided. Condition resolved - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds guideline DTI. Guidelines require a maximum 50% debt ratio. Based on the review, the debt ratio is 77.10%, due to the following: 1) Originator used interest-only payment of XXXX for qualifying when guidelines state to use the Note rate amortized over the remaining loan term after interest-only term has ended which would be XXXX. 2) Originator used 100% of eligible deposits from business XXXX dba XXXX LLC to calculate qualifying income of XXXX per loan application, when letter from LLC Attorney/CFO confirms borrower is 40% owner of XXXX dba XXXX LLC. Based on this information, qualifying income for this source should have been XXXX monthly.3) Missing 12 months bank statements for borrower business XXXXs LLC to support XXXX monthly earnings used in qualifying per loan application. Income could not be confirmed received/calculated for this income source. As a result, Total Debt is XXXX (XXXX subject PITIA + XXXX net rental loss + XXXX other obligations) and Total Income is XXXX (XXXX dba XXXX LLC) and debt ratio of 77.10%. <br>|  | Document Uploaded. please see attached - XXXX <br>Document Uploaded. Please see corrected income attached - XXXX<br>| Exception provided condition waived - XXXX<br>Approved exception to exclude XXXX payment was provided. However, XXXX Payment is included in the 44.88% DTI. Guideline max is 50%. Approved exception was not used as not needed. Condition resolved. - XXXX<br>Audited DTI of 44.88% is less than or equal to Guideline DTI of 50% - XXXX<br>Condition upheld. Provide corrected 1003 and 1008 to show lenders corrected income and corrected ratios of 14.07% / 41.27% - XXXX<br>Audited DTI of 44.88% is less than or equal to Guideline DTI of 50% - XXXX<br>| FICO 770, 6 months reserves, years on job, housing 0x30 | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Liabilities - Not Verified | The application lists debts that were not verified on the credit report and not XXXXly verified. XXXX XXXX XXXX property recent refinance per XXXX settlement statement, to document PITIA accurately, considering the new loan transaction. <br>|  | Document Uploaded. Please see attached. - XXXX<br>| Settlement statement for new HELOC on REO property was provided along with note and DOT. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | XXXX Not Allowed- Title Exam Copy Cost Fee (Fee ID: 998) | Section 3:1-16.2 of the XXXX Mortgage Loans, Fees, Obligations Provisions (N.J.A.C. 3:1-16.2) does not allow Title Exam Copy Cost Fee (Fee ID: 998) to be charged to the Borrower in XXXX. Fees are allowable for this transaction <br>|  | This fee is permitted XXXX since it is a legitimate third-party charges actually incurred for the transaction. - XXXX<br>| set in error - XXXX<br>|  | XXXX | Void | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | XXXX Not Allowed- Verification Fee (Fee ID: 553) | Section 3:1-16.2 of the XXXX Mortgage Loans, Fees, Obligations Provisions (N.J.A.C. 3:1-16.2) does not allow Verification Fee (Fee ID: 553) to be charged to the Borrower in XXXX. Fees are allowable for this transaction <br>|  | This fee is permitted XXXX since it is a legitimate third-party charges actually incurred for the transaction. - XXXX<br>| set in error - XXXX<br>|  | XXXX | Void | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | XXXX Not Allowed- Title Cpl Fee (Fee ID: 998) | Section 3:1-16.2 of the XXXX Mortgage Loans, Fees, Obligations Provisions (N.J.A.C. 3:1-16.2) does not allow Title Cpl Fee (Fee ID: 998) to be charged to the Borrower XXXX. Fees are allowable for this transaction <br>|  | This fee is permitted XXXX since it is a legitimate third-party charges actually incurred for the transaction. - XXXX<br>| set in error - XXXX<br>|  | XXXX | Void | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | XXXX Not Allowed- Title Update Fee (Fee ID: 998) | Section 3:1-16.2 of the XXXX Mortgage Loans, Fees, Obligations Provisions (N.J.A.C. 3:1-16.2) does not allow Title Update Fee (Fee ID: 998) to be charged to the Borrower XXXX. Fees are allowable for this transaction <br>|  | This fee is permitted XXXX since it is a legitimate third-party charges actually incurred for the transaction. - XXXX<br>| set in error - XXXX<br>|  | XXXX | Void | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | XXXX Not Allowed- Appraisal Review Fee (Fee ID: 96) | Section 3:1-16.2 of the XXXX Mortgage Loans, Fees, Obligations Provisions (N.J.A.C. 3:1-16.2) does not allow Appraisal Review Fee (Fee ID: 96) to be charged to the Borrower XXXX. Fees are allowable for this transaction <br>|  | This fee is permitted XXXX since it is a legitimate third-party charges actually incurred for the transaction. - XXXX<br>| set in error - XXXX<br>|  | XXXX | Void | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | XXXX Not Allowed- Title Notice of Settlement Fee (Fee ID: 998) | Section 3:1-16.2 of the XXXX Mortgage Loans, Fees, Obligations Provisions (N.J.A.C. 3:1-16.2) does not allow Title Notice of Settlement Fee (Fee ID: 998) to be charged to the Borrower XXXX. Fees are allowable for this transaction <br>|  | This fee is permitted XXXX since it is a legitimate third-party charges actually incurred for the transaction. - XXXX<br>| set in error - XXXX<br>|  | XXXX | Void | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | XXXX Not Allowed- Title Escrow Processing Fee (Fee ID: 998) | Section 3:1-16.2 of the XXXX Mortgage Loans, Fees, Obligations Provisions (N.J.A.C. 3:1-16.2) does not allow Title Escrow Processing Fee (Fee ID: 998) to be charged to the Borrower XXXX. Fees are allowable for this transaction <br>|  | This fee is permitted XXXX since it is a legitimate third-party charges actually incurred for the transaction. - XXXX<br>| set in error - XXXX<br>|  | XXXX | Void | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | HighCost: Fees | The loan fees (XXXX) exceed the (XXXX) High Cost fee limit, which is (XXXX), the difference is (XXXX).  |  | No Undiscounted Rate found in the loan docs to offset HC Finding. - XXXX <br>Document Uploaded. - XXXX <br>Document Uploaded. Please see HOEPA test with details - XXXX <br>Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Received rate lock sheet to confirm pricing used for bona fide discount points. - XXXX<br> - XXXX<br> Received XXXX HC analysis whic shows XXXX in bona fide discount points were excluded from testing, however the loan file contains no evidence of the undiscounted?PAR rate from which the interest rate was reduced. Please provide the undiscounted interest rate. - XXXX<br> Received Section 32(HOEPA) high cost anaysis, but the XXXX high cost analysis was not provided. XXXX. Admin. Code § 3:1-16.2 limits which fees can be excluded from XXXX high cost testing. Please provide analysis for XXXX fees included in HC testing. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not meet guideline requirements. The guidelines require 12 months housing history. The loan file contains 1 month housing history verification. <br>|  | Document Uploaded. 12 months housing history was verified. Please see attached - XXXX<br>| CR provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Credit Profile - Credit History Insufficient | The documented credit history does not meet guidelines. Guidelines require two tradelines with at least 24 months reviewed and activity reported within the past 12 months. The credit report in the file reflects a maximum review period of 8 months.<br>|  | Please see page 10 of the guidelines, which reads, XXXX reflecting credit scores from all 3 bureaus are not subject to Tradeline requirements listed per lenders guidelines. The area of the guideline you are refering to is "below" and does not apply. - XXXX <br> XXXX's reflecting credit scores from all 3 bureaus are not subject to Tradeline requirements listed per lenders guidelines<br>- XXXX | XXXX's reflecting credit scores from all 3 bureaus are not subject to Tradeline requirements listed per lenders guidelines. Condition resolved. - XXXX<br>Condition upheld. he documented credit history does not meet guidelines. Guidelines require two tradelines with at least 24 months reviewed and activity reported within the past 12 months. UW used Guideline dated XXXX. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120978 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120978 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120978 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | Eligibility - XXXXzenship Requirements | The documented XXXXzenship does not meet guideline requirements. Guidelines require for borrowers with non-permanent resident status both the front and back of the Visa. Missing copy of the back of the Visa. <br>|  | Document Uploaded. - XXXX<br>| Exception provided to allow XXXX and waive copy of the back side of XXXX - XXXX | High Discretionay income; number of years on job and Housing history 0x30x12 | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120982 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120982 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350120982 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | The Final 1003 is Incomplete | The final 1003 is incomplete. Missing a final loan application for XXXX XXXX. <br>|  | Document Uploaded. - XXXX<br>| The final 1003 is present - XXXX<br>Received final 1003 for all borrowers - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121094 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121094 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121094 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Credit Profile - Mortgage/Rental Lates | The loan file verified mortgage/rental lates which exceeded guidelines. Per lender Borrower was victim of wire fraud resulting in the mortgage from XXXX Finance being past due since XXXX XXXX - A formal exception is in file. <br>|  |  |  | Compensating factors used were LTV less than 70%, AND at least 5% less than guideline maximum, Monthly reserves is verified AND at least 4 months more than guideline minimum, Borrower has worked in same job more than 3 years, and Borrower has worked in same industry more than 5 years. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing Guidelines required a GAP report or undisclosed debt monitoring report within 10 days of closing. <br>|  | Document Uploaded. - XXXX<br>| Document dated as of XXXX - XXXX<br>Condition upheld. GAP/UDM report provided is still dated greater than 10 days from closing. Provide an update. - XXXX<br>Gap report provided - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). <br>|  |  | Borrower 1 Gap Credit Report is not expired. - XXXX<br>Duplicate Finding. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121062 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not contain the required 3rd party valuation product. The XXXX Collateral Underwriter (CU) in the file is not scored, and the Uniform Collateral Data Portal (UCDP) was not used.<br>|  | Document Uploaded. SSR's Attached - CU Scores less than 2 - XXXX<br>| CU and LCA were resubmitted and both received a score below 2.5. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121062 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121062 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121065 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121065 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121065 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | XXXX | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. <br>|  | Document Uploaded. - XXXX<br>| Evidence of Rate Lock Provided - XXXX<br>Received evidence of rate lock - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121070 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Missing Lease Agreement | Guidelines require lease agreements for existing investment properties on Refinance transactions. No lease agreement provided. Need an exception to allow STR 1007 on a rate and term. A formal exception is on file. <br>|  |  |  | LTV does not exceed the maximum allowed. <br> 9 months of reserves are provided. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121070 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121070 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121070 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Verification Documentation - Expired | The following loan documents were expired at the time of closing. Please provided an unexpired copy of Borrower's passport. <br>|  | Document Uploaded. - XXXX<br>| Passport provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 2 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121074 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121074 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121074 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121066 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121066 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121066 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121067 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121067 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121067 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121069 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121069 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121069 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Subject is four unit with two units under XXXX sq ft / 2 units with no bedroom. A formal exception is in the file. <br>|  |  |  | Loan approved based on rate/term refinance, DSCR > 1.0 and 785 FICO | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121068 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121068 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121068 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121071 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121071 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121071 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing Missing required gap credit report or Undisclosed Debt Monitoring report is required no more than 30 days prior to the loan closing or any time after closing. <br>|  | gap reports are not required on DSCR Loans - XXXX<br>| Condition set in error. GAP/UDM Reports are not required on DSCR loans. - XXXX<br>Borrower 1 Gap Credit Report is not missing. - XXXX<br>|  | XXXX | Void | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350121075 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121075 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121075 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121072 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Missing copy of Note or Final CD for newly purchased property located at XXXX to verify payment and Taxes, HOI, HOA if applicable. <br>|  | Document Uploaded. - XXXX<br>| All REO Docs were provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121072 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121072 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121073 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121073 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121073 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121084 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Approval/Underwriting Summary Deficient | Approval/Underwriting Summary is deficient. Unable to locate Underwriting Summary. <br>|  | Document Uploaded. - XXXX<br>| Approval/Underwriting Summary provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121084 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121084 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350121083 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121083 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121083 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350121082 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350121082 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | The subject loan does not meet program parameters for LTV. The subject LTV does not meet guidelines. The file contains a formal exception for 75% LTV with a credit score below the minimum requirement of 720 and a ratio between 0.80 and 0.90; however, the guidelines allow up to 75% LTV with a minimum DSCR of 0.75 for a 700 credit score.<br>|  |  |  | Monthly reserves have been verified and exceed the guideline minimum by at least four months. The housing payment history is 0x30x24 or better. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350121082 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Asset 3 Less Than 2 Months Verified | Asset has less than 2 months verified in file. XXXX. Guidelines state assets must be seasoned for at least 60 days (about 2 months) before they can be used to meet reserve requirements or down payment. Only one month statement provided. <br>|  | Document Uploaded. Statement submitted on XXXX shows information for account for XXXX as well. - XXXX <br> Document Uploaded. - XXXX | XXXX bank statement provided. Condition resolved. - XXXX<br> Condition upheld. XXXX provided. Guidelines state assets must be seasoned for at least 60 days (about 2 months) before they can be used to meet reserve requirements or down payment. Provided end of XXXX statement for XXXX. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Asset 2 Less Than 2 Months Verified | Asset has less than 2 months verified in file. XXXX. Guidelines state assets must be seasoned for at least 60 days (about 2 months) before they can be used to meet reserve requirements or down payment. Only one month statement provided. <br>|  | Document Uploaded. - XXXX<br>| Asset 2 Verified Sufficiently Or Not Applicable - XXXX<br> XXXX bank statement provided. Condition resolved. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | Eligibility - Investor Experience | The borrower(s) investor experience does not meet guideline requirements. Borrower lives rent-free per letter in file and does not own primary residence per Property Report provided. 1003 shows borrower owns one property, a rental at XXXX since XXXX per XXXX Fraud Manager. Based on this information, borrower is a first-time home buyer and first-time investor per guideline definition of these terms. Guidelines require for first-time home buyer of investment property a 12-month documented housing history (cannot live rent free) when there is a rent-free letter in file. <br>|  | Document Uploaded. Please review the attached document and comment says approved with no price hit. - XXXX <br>Document Uploaded. - XXXX<br>| Document Uploaded. Approved Exception was provided for: FTHB living rent free. She is not considered an experienced investor. She does own one other investment property, but she has only owned it for 6 months - XXXX<br>An Exception Request was provided. Provide the Approved Exception Request. - XXXX<br>| FICO higher than 740, AND at least 20 points higher than guideline minimum, 11 months reserves. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350120998 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120998 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350120998 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | XXXX | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |

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## Exhibit 99.29

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.29**

![](maxwelllogo.gif)

Client COLT 2026-5 <br> Transaction COLT 2026-5 <br> Date 06/09/2026

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Mapped ID** | **Deal ID** | **Customer Loan ID** | **Seller Loan ID** | **Note Date** | **Original Loan Amount** | **Initial Loan Rating** | **Final Loan Rating** | **Initial Credit Rating** | **Final Credit Rating** | **Initial Compliance Rating** | **Final Compliance Rating** | **Initial Valuation Rating** | **Final Valuation Rating** |
| XXXX | XXXX | 4350121091 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 3 | 1 C A |
| XXXX | XXXX | 4350121093 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 B A |
| XXXX | XXXX | 4350121092 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 B A |
| XXXX | XXXX | 4350121102 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 3 | 1 C A |
| XXXX | XXXX | 4350121120 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121096 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121101 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121106 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121109 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121100 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121098 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121123 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121105 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121097 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121103 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121121 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121104 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121108 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121107 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 3 | 1 | 1 | 1 D A C |
| XXXX | XXXX | 4350121119 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121118 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121122 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121112 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121110 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121117 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 1 | 1 | 2 | 2 | 1 | 1 B A |
| XXXX | XXXX | 4350121111 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121113 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121114 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121124 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 3 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121115 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121116 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121125 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350120996 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350120992 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXX | XXXX | 4350120993 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 3 | 1 | 1 | 1 D A C |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 3 | 1 C B A |
| XXXX | XXXX | 4350121056 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 3 | 1 C B A |
| XXXX | XXXX | 4350120994 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121003 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 1 | 1 | 4 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350121005 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 3 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121002 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121004 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121006 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121009 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121007 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121008 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121000 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 1 | 1 | 4 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 1 | 1 | 3 | 1 D A C |
| XXXX | XXXX | 4350120999 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 1 | 1 | 1 | 3 | 2 C B A |
| XXXX | XXXX | 4350121001 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121010 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121011 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121081 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121063 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 3 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121046 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121042 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121060 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 3 | 1 | 4 | 1 | 1 | 1 D A C |
| XXXX | XXXX | 4350121058 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121022 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 3 | 1 | 1 | 2 C B A |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121038 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121034 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121029 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121012 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | XXXX | 4 | 2 | 2 | 2 | 1 | 1 | 4 | 2 D B A |
| XXXX | XXXX | 4350120989 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121057 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350121059 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121061 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 1 | 1 | 4 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350120985 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121018 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 2 | 2 | 1 | 1 | 3 | 1 C B A |
| XXXX | XXXX | 4350121014 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121015 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121017 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121016 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121043 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121021 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121026 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121037 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121035 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121027 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121019 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121033 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121020 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121028 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121050 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121036 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350120988 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350120986 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121049 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121030 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 3 | 1 | 4 | 1 D A |
| XXXX | XXXX | 4350121025 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121032 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121047 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121044 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 1 | 1 | 4 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350121053 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121054 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121045 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 3 | 2 C B A |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350121048 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350120991 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121064 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121086 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121088 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121087 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121090 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121089 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121085 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121080 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121077 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121079 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 1 | 1 | 4 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350121076 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121078 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 1 | 1 | 1 | 1 | 3 | 2 C B A |
| XXXX | XXXX | 4350120972 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 1 | 1 | 1 | 1 | 3 | 2 C B A |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 3 | 1 | 1 | 1 D A C |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350120977 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 1 | 1 | 4 | 1 | 3 | 1 D A C |
| XXXX | XXXX | 4350120976 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 1 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350120975 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350120981 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 2 | 2 C B A |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350120978 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350120982 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121094 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 1 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350121062 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXX | XXXX | 4350121065 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121070 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121074 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121066 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121067 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121069 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350121068 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121071 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121075 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121072 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121073 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121084 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350121083 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350121082 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350120998 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |

---

## Exhibit 99.30

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.30**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Mapped ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Total Adjusted Prior Purchase Price** | **Primary Appraised Value** | **Primary Appraisal Date** | **Primary Appraisal Type** | **Primary Appraiser Name** | **Primary Appraiser License Number** | **Value for LTV** | **LTV** | **CLTV** | **Loan Reviewed Property Value** | **Loan Reviewed Variance Amount** | **Loan Reviewed Variance Percent** | **Loan Reviewed Product Type** | **Loan Post-Close Reviewed Property Value** | **Loan Post-Close Reviewed Variance Amount** | **Loan Post-Close Reviewed Variance Percent** | **Loan Post-Close Reviewed Product Type** | **Second Appraisal Value** | **Second Appraisal Variance Amount** | **Second Appraisal Variance Percent** | **Second Appraisal Date** | **Second Appraisal Type** | **AVM Appraised Value** | **AVM Variance Amount** | **AVM Variance Percent** | **AVM Confidence Score** | **FSD Score** | **AVM Company Name** | **AVM Product Name** | **AVM Appraisal Date** | **Desk Review Appraised Value** | **Desk Review Variance Amount** | **Desk Review Variance Percent** | **Desk Review Company** | **Desk Review Risk Score** | **Desk Review Appraisal Date** | **Desk Top Appraised Value** | **Desk Top Variance Amount** | **Desk Top Variance Percent** | **Desk Top Company** | **Desk Top Appraisal Date** | **BPO Appraised Value** | **BPO Variance Amount** | **BPO Variance Percent** | **BPO Company** | **BPO Appraisal Date** | **Field Review Appraised Value** | **Field Review Variance Amount** | **Field Review Variance Percent** | **Field Review Company** | **Field Review Appraisal Date** | **2055 Appraised Value** | **2055 Variance Amount** | **2055 Variance Percent** | **2055 Company** | **2055 Appraisal Date** | **AVE/CMA Appraised Value** | **AVE/CMA Variance Amount** | **AVE/CMA Variance Percent** | **AVE/CMA Company** | **AVE/CMA Appraisal Date** | **Completion Report (1004D) Date** | **Other Appraised Value** | **Other Variance Amount** | **Other Variance Percent** | **Other Appraisal Date** | **Updated Appraised Value** | **Updated Variance Amount** | **Updated Variance Percent** | **Updated Company** | **Updated Appraisal Date** | **Updated Appraisal Type** | **Loan Collateral Advisor Risk Score** | **Loan Collateral Advisor Risk Score Date** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score Date** |
| XXXX | XXXX | 4350121091 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121093 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 56.82 | 56.82 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.1 | XXXX |
| XXXX | XXXX | 4350121092 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121102 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70.56 | 70.56 | XXXX | XXXX | -0.0591 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | -0.0591 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121120 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121096 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 68.49 | 68.49 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121101 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121106 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121109 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121100 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121098 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121123 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121105 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 53.82 | 53.82 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121097 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121103 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 74.09 | 74.09 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121121 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121104 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121108 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121107 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121119 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121118 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121122 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121112 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121110 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 73 | 73 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121117 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121111 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 54.95 | 54.95 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121113 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121114 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 73.62 | 73.62 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121124 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121115 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121116 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121125 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 58.82 | 58.82 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120996 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.4 | XXXX |
| XXXX | XXXX | 4350120992 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350120993 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 2 | XXXX |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 60 | 60 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121056 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 55.88 | 55.88 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350120994 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 74.47 | 74.47 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121003 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121005 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0.2069 | 1004 URAR | XXXX | XXXX |  | XXXX | XXXX | XXXX | 0.2069 | XXXX | 1004 URAR | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121002 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 79.5 | 79.5 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121004 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121006 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121009 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 31.03 | 31.03 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 0 | XXXX |
| XXXX | XXXX | 4350121007 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121008 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121000 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 2090 Individual Coop Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120999 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 50 | 50 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 1 | XXXX | Eligible | 1 | XXXX |
| XXXX | XXXX | 4350121001 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121010 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.8 | XXXX |
| XXXX | XXXX | 4350121011 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121081 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121063 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 2.5 | XXXX | Eligible |  | XXXX |
| XXXX | XXXX | 4350121046 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 74 | 74 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 1 | XXXX | Eligible | 1 | XXXX |
| XXXX | XXXX | 4350121042 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121060 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 52.75 | 52.75 | XXXX | XXXX | 0.0165 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0.0165 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121058 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 69.9 | 69.9 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121022 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 25.37 | 25.37 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 73 | 73 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 5 | XXXX |
| XXXX | XXXX | 4350121038 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 60 | 60 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121034 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121029 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 59.2 | 59.2 | XXXX | XXXX | 0.0252 | AVM | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | 0.0252 | 94 | 0.06 | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121012 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | -0.0556 | Desk Review | XXXX | XXXX | 0 | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | -0.0556 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.1 | XXXX |
| XXXX | XXXX | 4350120989 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121057 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 74.91 | 74.91 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121059 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 69.97 | 69.97 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121061 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 60.73 | 60.73 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350120985 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 67.57 | 67.57 | XXXX | XXXX | -0.0541 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | -0.05 | 90 | 0.1 | XXXX | XXXX | XXXX | XXXX | XXXX | -0.0541 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121018 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121014 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 47.81 | 47.81 | XXXX | XXXX | -0.051 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | -0.051 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121015 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 47.34 | 47.34 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121017 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 45.4 | 45.4 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121016 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 49.25 | 49.25 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121043 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 35.62 | 35.62 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121021 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0.0641 | AVM | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | 0.0641 | 92 | 0.08 | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121026 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 2.2 | XXXX |
| XXXX | XXXX | 4350121037 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 64 | 64 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | -0.0654 | 88 | 0.12 | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121035 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 67 | 67 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 2.2 | XXXX |
| XXXX | XXXX | 4350121027 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 64.84 | 64.84 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121019 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121033 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121020 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 42.25 | 42.25 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121028 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 65.9 | 65.9 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121050 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121036 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120988 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 72.96 | 72.96 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350120986 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 41.09 | 41.09 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121049 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121030 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.2 | XXXX |
| XXXX | XXXX | 4350121025 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121032 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 71.67 | 71.67 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121047 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 64.86 | 64.86 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 1 | XXXX | Eligible | 1 | XXXX |
| XXXX | XXXX | 4350121044 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.8 | XXXX |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | -0.4088 | 89 | 0.11 | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | -0.0095 | AVM | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | -0.0095 | 96 | 0.04 | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 1 | XXXX | Eligible |  | XXXX |
| XXXX | XXXX | 4350121053 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 2.5 | XXXX | Eligible |  | XXXX |
| XXXX | XXXX | 4350121054 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.8 | XXXX |
| XXXX | XXXX | 4350121045 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 67.57 | 67.57 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121048 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 26.17 | 26.17 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350120991 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 72.58 | 72.58 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 3.5 | XXXX | Not Eligible | 1 | XXXX |
| XXXX | XXXX | 4350121064 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 64.97 | 64.97 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 2.5 | XXXX |
| XXXX | XXXX | 4350121086 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 64.99 | 64.99 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121088 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121087 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121090 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | -0.0506 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX | -0.0506 | XXXX | 1004 URAR | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 2.5 | XXXX | Eligible | 1 | XXXX |
| XXXX | XXXX | 4350121089 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 2.4 | XXXX |
| XXXX | XXXX | 4350121085 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121080 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121077 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121079 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.1 | XXXX |
| XXXX | XXXX | 4350121076 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 0 | XXXX | Not Eligible |  | XXXX |
| XXXX | XXXX | 4350121078 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120972 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 56.87 | 56.87 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 20 | 20 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120977 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120976 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120975 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120981 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 55.07 | 55.07 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120978 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120982 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 50 | 50 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121094 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 58.91 | 58.91 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.9 | XXXX |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 49.02 | 49.02 | XXXX | XXXX |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 0.0196 | XXXX | 1004 URAR | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121062 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 35.71 | 35.71 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 2 | XXXX | Eligible | 1.2 | XXXX |
| XXXX | XXXX | 4350121065 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 2.2 | XXXX |
| XXXX | XXXX | 4350121070 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 68.56 | 68.56 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121074 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 54.36 | 54.36 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121066 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 2.1 | XXXX |
| XXXX | XXXX | 4350121067 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121069 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 74.47 | 74.47 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121068 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 72.73 | 72.73 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | 0.149 | 87 | 0.13 | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121071 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121075 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0.1024 | AVM | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | 0.1024 | 91 | 0.09 | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350121072 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.3 | XXXX |
| XXXX | XXXX | 4350121073 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 2.3 | XXXX |
| XXXX | XXXX | 4350121084 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 1 | XXXX | Eligible | 1 | XXXX |
| XXXX | XXXX | 4350121083 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350121082 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | 1.7 | XXXX |
| XXXX | XXXX | 4350120998 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 74.96 | 74.96 | XXXX | XXXX | 0 | Desk Review | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  | XXXX |

---

## Exhibit 99.31

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.31**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Mapped ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Transaction ID** | **Field Name** | **Source** | **Verified Value** | **Bid Tape Value** | **Comment** |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | Amortization Term | XXXX | 360 | 480 | per note 360 |
| XXXX | XXXX | 4350120972 | XXXX | XXXX | XXXX | Amortization Term | XXXX | 360 | 480 | verified per source documents |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | Amortization Term | XXXX | 360 | 480 | Loan closed as a 30 year mortgage. |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | Amortization Term | XXXX | 360 | 480 | Per Note |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | Amortization Term | XXXX | 360 | 480 | Verified per source documents |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | Amount of Other Lien | XXXX | XXXX | XXXX | Per 1008, no other lien |
| XXXX | XXXX | 4350121003 | XXXX | XXXX | XXXX | Application Date | XXXX | XXXX | XXXX | per inital 1003. |
| XXXX | XXXX | 4350121001 | XXXX | XXXX | XXXX | Application Date | XXXX | XXXX | XXXX | initial application is dated XXXX |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | B1 Country Name | XXXX | XXXX | XXXX | The Borrower is a US citizen. |
| XXXX | XXXX | 4350121070 | XXXX | XXXX | XXXX | B1 Verified Citizenship Designation | XXXX | Foreign National | Non Resident Alien | Verified per source documents |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | Borrower 1 Citizen | XXXX | US Citizen |  | Per source documents. |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | Borrower 1 Citizen | XXXX | US Citizen |  | The borrower is a US citizen. |
| XXXX | XXXX | 4350121014 | XXXX | XXXX | XXXX | Borrower 1 Citizen | XXXX | Permanent Resident Alien |  | Tape data not provided for comparison |
| XXXX | XXXX | 4350121028 | XXXX | XXXX | XXXX | Borrower 1 Citizen | XXXX | US Citizen |  | US Citizen |
| XXXX | XXXX | 4350121049 | XXXX | XXXX | XXXX | Borrower 1 Citizen | XXXX | US Citizen |  | US citizens |
| XXXX | XXXX | 4350121025 | XXXX | XXXX | XXXX | Borrower 1 Citizen | XXXX | US Citizen |  | Per source documents. |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | Borrower 1 Citizen | XXXX | US Citizen |  | Documents in file confirm the borrower is a US citizen. |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | Borrower 1 Citizen | XXXX | US Citizen |  | Per 1003 |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | Borrower 1 Citizen | XXXX | US Citizen |  | Per loan application |
| XXXX | XXXX | 4350120976 | XXXX | XXXX | XXXX | Borrower 1 FTHB | XXXX | false | N | Verified per source documents |
| XXXX | XXXX | 4350121112 | XXXX | XXXX | XXXX | Borrower 1 Last Name | XXXX | XXXX | XXXX | Borrowers are XXXXs, XXXX |
| XXXX | XXXX | 4350121110 | XXXX | XXXX | XXXX | Borrower 1 Last Name | XXXX | XXXX | XXXX | The borrowers last name is XXXX |
| XXXX | XXXX | 4350120989 | XXXX | XXXX | XXXX | Borrower 1 Last Name | XXXX | XXXX | XXXX | Per source documents. |
| XXXX | XXXX | 4350121029 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | DSCR |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | The audit calculation shows a 1-cent difference. |
| XXXX | XXXX | 4350121037 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | Loan is a DSCR loan. No income should be entered into XXXX |
| XXXX | XXXX | 4350121033 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | DSCR no income |
| XXXX | XXXX | 4350121049 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | NO INCOME |
| XXXX | XXXX | 4350121025 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | DSCR |
| XXXX | XXXX | 4350121044 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | Per Loan Approval DSCR loan which does not evaluate income for qualification |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | No income other than market rent used to qualify. |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | Verified per source documents. |
| XXXX | XXXX | 4350121054 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | DSCR loan; no income required. |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | DSCR loan does not require qualifying income for program |
| XXXX | XXXX | 4350121048 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | DSCR loan |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | XXXX | XXXX | XXXX | Per Loan Approval DSCR loan which doesn't require income for loan qualification |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | Borrower 1 Self-Employment Flag | XXXX | Yes | N | The borrower is self employed. |
| XXXX | XXXX | 4350120996 | XXXX | XXXX | XXXX | Borrower 1 Years in Current Home | XXXX | XXXX | XXXX | Per source documents |
| XXXX | XXXX | 4350121097 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.197 | 1.16 | Verified per source documents. |
| XXXX | XXXX | 4350121104 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.125 | 1.13 | DSCR based on PITI of $XXXX and rental income of $XXXX |
| XXXX | XXXX | 4350121107 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.029 | 1.32 | Estimated rent used from appraisal XXXX, 1.029 using XXXX I/O payment |
| XXXX | XXXX | 4350121118 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.248 | 1.31 | Verified per source documents. |
| XXXX | XXXX | 4350121112 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.313 | 1.34 | DSCR based on PITI of $XXXX and rental income of $XXXX. |
| XXXX | XXXX | 4350121117 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.134 | 1.22 | Verified per source documents |
| XXXX | XXXX | 4350121111 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.831 | 1.79 | DSCR based on PITI of $XXXX and rental income of $XXXX. |
| XXXX | XXXX | 4350121116 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.074 | 1.11 | Audit DSCR calculation is 1.007. |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 0 | 42.222 | The loan was qualified using a bank statement program. |
| XXXX | XXXX | 4350121037 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.037 | 1.104 | DSCR ratio after the audit |
| XXXX | XXXX | 4350121028 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 0.957 | 0.953 | DSCR .957 |
| XXXX | XXXX | 4350120986 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.389 | 1.86 | Verified per source documents |
| XXXX | XXXX | 4350121044 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.241 | 1.226 | Variance due to property taxes. |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.058 | 1.042 | Verified per source documents. |
| XXXX | XXXX | 4350121053 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.177 | 1.211 | Verified per documentation and approval. |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 0.876 | 0.874 | Supplemental insurance added |
| XXXX | XXXX | 4350121048 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.146 | 1.307 | Actual origination DSCR was 1.146 based on the only documented rent of XXXX |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | Calculated DSCR | XXXX | 1.079 | Y | per guidelines have to use full payment to qualify XXXX |
| XXXX | XXXX | 4350120999 | XXXX | XXXX | XXXX | CLTV | XXXX | 48.98 | 50 | Incorrect field used for comparison. LM shows CLTV as 50.0% |
| XXXX | XXXX | 4350121063 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | Business Purpose |
| XXXX | XXXX | 4350121057 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | Investment transactions are not subject to QM/ATR requirements |
| XXXX | XXXX | 4350121059 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | Investment refinance with no consumer debt paid off; ATF exempt. |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | The loan, as an investment purchase, is ATR exempt. |
| XXXX | XXXX | 4350120985 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | DSCR loan for investment purposes; non-exempt. |
| XXXX | XXXX | 4350120986 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | DSCR loans are exempt. |
| XXXX | XXXX | 4350121086 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | QM: Average Prime Offer Rate (APOR) | ATR | QM status is NQM. |
| XXXX | XXXX | 4350121087 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | Non-QM: Lender documented all ATR UW factors | ATR | The loan is classified as a Non-QM (Non-Qualified Mortgage) loan. |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | investment property: ATR/QM: Exempt |
| XXXX | XXXX | 4350120972 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | Investment transactions are exempt from QM/ATR requirements. |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | DSCR is ATR exempt. |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Qualified Mortgage | Investment transactions are not subject to QM requirements |
| XXXX | XXXX | 4350120976 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Qualified Mortgage | DSCR transactions are exempt. |
| XXXX | XXXX | 4350120975 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Qualified Mortgage | Verified per source documents |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | DSCR loan is ATR/Exempt. |
| XXXX | XXXX | 4350120978 | XXXX | XXXX | XXXX | Final Reviewed QM Status | XXXX | QM: Average Prime Offer Rate (APOR) | Non-QM: Lender documented all ATR UW factors | 2 year full doc income documentation and QM compliance status. |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | Interest Only Flag | XXXX | No | true | Per Note |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | Interest Only Flag | XXXX | Yes | No | Per Note |
| XXXX | XXXX | 4350120998 | XXXX | XXXX | XXXX | Interest Only Flag | XXXX | Yes | No | Verified interest only period |
| XXXX | XXXX | 4350121070 | XXXX | XXXX | XXXX | Interest Rate | XXXX | 8.375 | 0.0838 | Verified per source documents |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | Is the Condo Project warrantable | XXXX | No | Y | Confirm condo is non warrantable |
| XXXX | XXXX | 4350121018 | XXXX | XXXX | XXXX | Is the Condo Project warrantable | XXXX | No | Y | Per Underwriting Final Approval |
| XXXX | XXXX | 4350121019 | XXXX | XXXX | XXXX | Is the Condo Project warrantable | XXXX | No | Y | Per Loan Approval |
| XXXX | XXXX | 4350121100 | XXXX | XXXX | XXXX | Loan Amount | XXXX | XXXX | XXXX | Per Note in file |
| XXXX | XXXX | 4350121105 | XXXX | XXXX | XXXX | Loan Amount | XXXX | XXXX | XXXX | Per Note |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | Loan Amount | XXXX | XXXX | XXXX | Based on the Note, the loan amount is $XXXX |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | Loan Amount | XXXX | XXXX | XXXX | Verified per source documents. |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | Loan Origination Application Date | XXXX | XXXX | XXXX | Per initial loan application, Section 9 |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | Loan Program | XXXX | XXXX | XXXX | Per Underwriter Notes and 1008 |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | Loan Program | XXXX | XXXX | XXXX | The loan program is XXXX |
| XXXX | XXXX | 4350120985 | XXXX | XXXX | XXXX | Loan Program | XXXX | XXXX | XXXX | The loan program is XXXX |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | Loan Type | XXXX | DSCR | Conventional | Per 1008 |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | Loan Type | XXXX | DSCR | Conventional | Per 1008 |
| XXXX | XXXX | 4350120998 | XXXX | XXXX | XXXX | Loan Type | XXXX | DSCR | Conventional | Verified DSCR |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | Maturity Date | XXXX | XXXX | XXXX | Maturity Date XXXX |
| XXXX | XXXX | 4350120972 | XXXX | XXXX | XXXX | Maturity Date | XXXX | XXXX | XXXX | verified per source documents |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | Maturity Date | XXXX | XXXX | XXXX | Loan closed as a 30 year mortgage. |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | Maturity Date | XXXX | XXXX | XXXX | Per Note |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | Maturity Date | XXXX | XXXX | XXXX | Verified per source documents |
| XXXX | XXXX | 4350121078 | XXXX | XXXX | XXXX | Note Date | XXXX | XXXX | XXXX | Verified per note |
| XXXX | XXXX | 4350120996 | XXXX | XXXX | XXXX | Number of Mortgaged Properties | XXXX | XXXX | XXXX | There are 2 REO properties. |
| XXXX | XXXX | 4350120997 | XXXX | XXXX | XXXX | Number of Mortgaged Properties | XXXX | XXXX | XXXX | Per loan application |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | Number of Mortgaged Properties | XXXX | XXXX | XXXX | Borrower has 2 REOs. |
| XXXX | XXXX | 4350121034 | XXXX | XXXX | XXXX | Prepayment Penalty Calculation | XXXX | 5%, 5%, 5%, 5%, 5% | Y | Verified per source documents |
| XXXX | XXXX | 4350120986 | XXXX | XXXX | XXXX | Prepayment Penalty Flag | XXXX | Y | 2 | Verified per source documents |
| XXXX | XXXX | 4350121122 | XXXX | XXXX | XXXX | Prepayment Penalty Total Term | XXXX | 60 | 3 Years | Audit finds that the prepayment term is 5 years or 60 months. |
| XXXX | XXXX | 4350120994 | XXXX | XXXX | XXXX | Prepayment Penalty Total Term | XXXX | 36 | NA | Provided PPP |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | Prepayment Penalty Total Term | XXXX | 0 | 12 | Per Note, supported by final Closing Disclosure |
| XXXX | XXXX | 4350120998 | XXXX | XXXX | XXXX | Prepayment Penalty Total Term | XXXX | 12 | 24 | Verified prepayment period is 12 months |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | Primary Appraised Property Value | XXXX | XXXX | XXXX | Appraised value is $XXXX |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | Primary Appraised Property Value | XXXX | XXXX | XXXX | Per appraisal report |
| XXXX | XXXX | 4350120977 | XXXX | XXXX | XXXX | Primary Appraised Property Value | XXXX | XXXX | XXXX | Verified using appraisal |
| XXXX | XXXX | 4350120981 | XXXX | XXXX | XXXX | Primary Appraised Property Value | XXXX | XXXX | XXXX | Per Appraisal |
| XXXX | XXXX | 4350121108 | XXXX | XXXX | XXXX | Property Type | XXXX | Two to Four Unit | SFR | Verified per source documents |
| XXXX | XXXX | 4350120993 | XXXX | XXXX | XXXX | Property Type | XXXX | PUD | Single Family Detached | Verified with appraisal |
| XXXX | XXXX | 4350121000 | XXXX | XXXX | XXXX | Property Type | XXXX | Cooperative | Single Family Detached | Per appraisal report |
| XXXX | XXXX | 4350120999 | XXXX | XXXX | XXXX | Property Type | XXXX | Condominium | Single Family Detached | Per 1073 appraisal report |
| XXXX | XXXX | 4350121042 | XXXX | XXXX | XXXX | Property Type | XXXX | Two to Four Unit | Detached | Per the 1025 |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | Property Type | XXXX | Two to Four Unit | Detached | appraisal verified multi units |
| XXXX | XXXX | 4350121034 | XXXX | XXXX | XXXX | Property Type | XXXX | Two to Four Unit | Detached | Verified per source documents |
| XXXX | XXXX | 4350120988 | XXXX | XXXX | XXXX | Property Type | XXXX | Townhouse | PUD | Per source documents |
| XXXX | XXXX | 4350121049 | XXXX | XXXX | XXXX | Property Type | XXXX | Two to Four Unit | Detached | per appraisal |
| XXXX | XXXX | 4350121088 | XXXX | XXXX | XXXX | Property Type | XXXX | Single Family Attached | Single Family Detached | Per 1004 appraisal report |
| XXXX | XXXX | 4350120976 | XXXX | XXXX | XXXX | Property Type | XXXX | Two to Four Unit | Attached | Verified per source documents |
| XXXX | XXXX | 4350120975 | XXXX | XXXX | XXXX | Property Type | XXXX | Two to Four Unit | Attached | Verified per source documents. |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | Property Type | XXXX | Townhouse | PUD | Verified per source document |
| XXXX | XXXX | 4350120982 | XXXX | XXXX | XXXX | Property Type | XXXX | PUD | Single Family Detached | Verified per source documents |
| XXXX | XXXX | 4350121069 | XXXX | XXXX | XXXX | Property Type | XXXX | Two to Four Unit | Single Family Detached | verified 4 unit |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | Proposed First Mortgage P&I | XXXX | XXXX | XXXX | Per Note this is the principal and interest payment |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | Proposed Hazard Insurance | XXXX | XXXX | XXXX | Per Hazard Policy. |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | Proposed Hazard Insurance | XXXX | XXXX | XXXX | Per Note this is the principal and interest payment |
| XXXX | XXXX | 4350121056 | XXXX | XXXX | XXXX | Proposed Hazard Insurance | XXXX | XXXX | XXXX | HOI is XXXX monthly ($XXXX) |
| XXXX | XXXX | 4350121094 | XXXX | XXXX | XXXX | Proposed Hazard Insurance | XXXX | XXXX | XXXX | Verified per source documents |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | Proposed HOA | XXXX | XXXX | XXXX | Per 1008 |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | Proposed HOA | XXXX | XXXX | XXXX | There is no secondary financing. |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | Proposed Mortgage Insurance | XXXX | XXXX | XXXX | There is no secondary financing. |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | Proposed Other | XXXX | XXXXX | XXXXX | There is no secondary financing. |
| XXXX | XXXX | 4350121095 | XXXX | XXXX | XXXX | Proposed Other Financing P&I | XXXX | XXXX | XXXX | There is no secondary financing. |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | Proposed Real Estate Taxes | XXXX | XXXX | XXXX | Per tax certificate |
| XXXX | XXXX | 4350121055 | XXXX | XXXX | XXXX | Proposed Real Estate Taxes | XXXX | XXXX | XXXX | Per Note this is the principal and interest payment |
| XXXX | XXXX | 4350121056 | XXXX | XXXX | XXXX | Proposed Real Estate Taxes | XXXX | XXXX | XXXX | Audit finds the taxes are XXXX per month. |
| XXXX | XXXX | 4350121094 | XXXX | XXXX | XXXX | Proposed Real Estate Taxes | XXXX | XXXX | XXXX | Verified per source documents |
| XXXX | XXXX | 4350121100 | XXXX | XXXX | XXXX | Qualifying CLTV | XXXX | 75 | 70.3 | verified data per file |
| XXXX | XXXX | 4350121105 | XXXX | XXXX | XXXX | Qualifying CLTV | XXXX | 53.82 | 54.51 | $XXXX appraisal = 53.82% LTV/CLTV |
| XXXX | XXXX | 4350121103 | XXXX | XXXX | XXXX | Qualifying CLTV | XXXX | 74.09 | 74.85 | Based on a first-lien balance of $XXXX and a property value of $XXXX. |
| XXXX | XXXX | 4350121119 | XXXX | XXXX | XXXX | Qualifying CLTV | XXXX | 75 | 62.35 | Verified per source documents |
| XXXX | XXXX | 4350120986 | XXXX | XXXX | XXXX | Qualifying CLTV | XXXX | 41.09 | 43.27 | Verified per source documents |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | Qualifying CLTV | XXXX | 20 | 21.05 | Per appraisal report, property value is $XXXX, and CLTV is 20% based on this value |
| XXXX | XXXX | 4350121096 | XXXX | XXXX | XXXX | Qualifying FICO | XXXX | 798 | 764 | Mid score from report in file used per gl. score of 764 is not on documents. |
| XXXX | XXXX | 4350121122 | XXXX | XXXX | XXXX | Qualifying FICO | XXXX | 747 | 745 | The credit report reflects a representative middle score of 747. |
| XXXX | XXXX | 4350121117 | XXXX | XXXX | XXXX | Qualifying FICO | XXXX | 780 | 786 | Verified per source documents |
| XXXX | XXXX | 4350121073 | XXXX | XXXX | XXXX | Qualifying FICO | XXXX | 679 | 744 | The lowest middle score was used for the representative score per guidelines. |
| XXXX | XXXX | 4350121100 | XXXX | XXXX | XXXX | Qualifying LTV | XXXX | 75 | 70.3 | verified per file data |
| XXXX | XXXX | 4350121105 | XXXX | XXXX | XXXX | Qualifying LTV | XXXX | 53.82 | 54.51 | $XXXX Note / $XXXX appraisal= 53.82% LTV/CLTV |
| XXXX | XXXX | 4350121103 | XXXX | XXXX | XXXX | Qualifying LTV | XXXX | 74.09 | 74.85 | Based on a first-lien balance of $XXXX and a property value of $XXXX. |
| XXXX | XXXX | 4350121119 | XXXX | XXXX | XXXX | Qualifying LTV | XXXX | 75 | 62.35 | Verified per source documents. |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | Qualifying LTV | XXXX | 20 | 21.05 | Per appraisal report, property value is XXXX, and LTV is 20% based on this value |
| XXXX | XXXX | 4350121004 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | XXXX | 38.78 | 39.132 | Audit value uses lower HOI premium per declaration and CD provided |
| XXXX | XXXX | 4350120987 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | XXXX | 42.22 | 25.32 | The audit DTI is confirmed by the final 1008. |
| XXXX | XXXX | 4350121086 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | XXXX | 25.61 | 25.26 | The DTI differs because the income used is lower than what the lender reported on the 1008; it matches the income worksheet. |
| XXXX | XXXX | 4350121087 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | XXXX | 39.22 | 43.41 | The DTI variance is due to the audited hazard insurance premium. |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | XXXX | 44.51 | 9.8 | Per 1008, originator debt ratio was 45.92%. Variance was due to originator factoring 100% subject PITIA plus an additional $XXXX subject net rental loss into the debt ratio calculation. |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | XXXX | 42.47 | 27.68 | Variance due to the following: 1) Originator used I/O payment for qualifying when guidelines state use the Note rate amortized over the remaining loan term after interest-only term has ended. 2) Originator used 100% of Income used for borrower business XXXX, when letter from LLC Attorney/CFO confirms borrower is 40% owner of XXXX LLC. 3) XXXX monthly earnings used in qualifying per loan application. |
| XXXX | XXXX | 4350120983 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | XXXX | 14.15 | 13.62 | Variance is due to higher HOI premium used. |
| XXXX | XXXX | 4350120982 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | XXXX | 48.7 | 48.61 | Verified per source documents. |
| XXXX | XXXX | 4350121072 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | XXXX | 29.59 | 0.28 | Verified per source documents. |
| XXXX | XXXX | 4350120990 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | XXXX | 11.88 | 12 | Lender included Deposit in asset calculation |
| XXXX | XXXX | 4350121041 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | AVM value |
| XXXX | XXXX | 4350121024 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Per appraisal report and update |
| XXXX | XXXX | 4350121038 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Verified per source documents |
| XXXX | XXXX | 4350121034 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Verified per source documents |
| XXXX | XXXX | 4350121029 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Captured: Value $XXXX |
| XXXX | XXXX | 4350121012 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Audit finds the appraised value of the subject to be $XXXX |
| XXXX | XXXX | 4350121023 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Property value XXXX per apperaisal |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | The reviewed appraised value is $XXXX |
| XXXX | XXXX | 4350121018 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Per appraisal report |
| XXXX | XXXX | 4350121014 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Per appraised value |
| XXXX | XXXX | 4350121015 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Audit finds the subject property value of $XXXX. |
| XXXX | XXXX | 4350121031 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | verified with appraisal |
| XXXX | XXXX | 4350121033 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | per appraisal XXXX |
| XXXX | XXXX | 4350121028 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Per the 1004, 1008 and Approval |
| XXXX | XXXX | 4350121049 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | confirmed on appraisal |
| XXXX | XXXX | 4350121030 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | value XXXX |
| XXXX | XXXX | 4350121025 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Appraisal |
| XXXX | XXXX | 4350121047 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Verified using appraisal |
| XXXX | XXXX | 4350121044 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Per loan approval |
| XXXX | XXXX | 4350121052 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Property value confirmed by appraisal in file. |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Verified per source documents. |
| XXXX | XXXX | 4350121054 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | The appraised value is $XXXX based on the appraisal in file. |
| XXXX | XXXX | 4350121040 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Per ClearCapital third party product and 1004 appraisal report |
| XXXX | XXXX | 4350121048 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Per source documents. |
| XXXX | XXXX | 4350121051 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | XXXX | XXXX | XXXX | Per 1004 appraisal report and ClearCapital third party review |
| XXXX | XXXX | 4350121058 | XXXX | XXXX | XXXX | Reviewed Total Debt Income Ratio | XXXX | 48.65 | 48.259 | DTI variance is a result of lesser credit liability reported and used by lender as against credit report amount of $XXXX |
| XXXX | XXXX | 4350121059 | XXXX | XXXX | XXXX | Reviewed Total Debt Income Ratio | XXXX | 45.53 | 43.46 | DTI variance is due to net REO rental loss calculation derived from documents in the file. |
| XXXX | XXXX | 4350121039 | XXXX | XXXX | XXXX | Sales Price | XXXX | XXXX | XXXX | Verified per source documents. |
| XXXX | XXXX | 4350120995 | XXXX | XXXX | XXXX | Subject Property Gross Rental income | XXXX | XXXX | XXXX | Per Lease, $XXXX monthly and per 1007 market rents $XXXX. Guidelines allow the use of up to 120% of market rents if actual rents are higher and documented in file: XXXX x 120% = $XXXX. |
| XXXX | XXXX | 4350120996 | XXXX | XXXX | XXXX | Subject Property Gross Rental income | XXXX | XXXX | XXXX | Per source documents |
| XXXX | XXXX | 4350121106 | XXXX | XXXX | XXXX | Term | XXXX | 360 | 30 Years | Per the XXXX |
| XXXX | XXXX | 4350121087 | XXXX | XXXX | XXXX | Term | XXXX | 480 | 360 | Note reflects 480 month term. |
| XXXX | XXXX | 4350120973 | XXXX | XXXX | XXXX | Term | XXXX | 360 | 480 | per note 360 |
| XXXX | XXXX | 4350120972 | XXXX | XXXX | XXXX | Term | XXXX | 360 | 480 | verified per source documents |
| XXXX | XXXX | 4350120979 | XXXX | XXXX | XXXX | Term | XXXX | 360 | 480 | Loan started off as a 40 year but closed as a 30 year. |
| XXXX | XXXX | 4350120980 | XXXX | XXXX | XXXX | Term | XXXX | 360 | 480 | Per Note |
| XXXX | XXXX | 4350120984 | XXXX | XXXX | XXXX | Term | XXXX | 360 | 480 | Verified per source documents |
| XXXX | XXXX | 4350120985 | XXXX | XXXX | XXXX | Underwriting Guideline Name | XXXX | XXXX | XXXX | The loan program is XXXX DSCR. |
| XXXX | XXXX | 4350121003 | XXXX | XXXX | XXXX | Underwriting Guideline Product Name | XXXX | XXXX | XXXX | program per guide, loan approval. |
| XXXX | XXXX | 4350121009 | XXXX | XXXX | XXXX | Underwriting Guideline Product Name | XXXX | XXXX | XXXX | Verified per source documents |
| XXXX | XXXX | 4350121013 | XXXX | XXXX | XXXX | Underwriting Guideline Product Name | XXXX | XXXX | XXXX | The loan is approved under the Prime 12-month bank statement program. |
| XXXX | XXXX | 4350121037 | XXXX | XXXX | XXXX | Underwriting Guideline Product Name | XXXX | XXXX | XXXX | Loan program per the loan approval |
| XXXX | XXXX | 4350121054 | XXXX | XXXX | XXXX | Underwriting Guideline Product Name | XXXX | XXXX | XXXX | The loan is DSCR. |
| XXXX | XXXX | 4350120992 | XXXX | XXXX | XXXX | Underwriting Guideline Version Date | XXXX | XXXX | XXXX | Per source documents. |
| XXXX | XXXX | 4350121000 | XXXX | XXXX | XXXX | Underwriting Guideline Version Date | XXXX | XXXX | XXXX | Most recent guideline in receipt of prior to Lock Date |
| XXXX | XXXX | 4350121001 | XXXX | XXXX | XXXX | Underwriting Guideline Version Date | XXXX | XXXX | XXXX | guidelines are dated XXXX |
| XXXX | XXXX | 4350120985 | XXXX | XXXX | XXXX | Verified Doc Type | XXXX | Debt Service Coverage Ratio | Other | The loan program is InvestSmart DSCR. |
| XXXX | XXXX | 4350120974 | XXXX | XXXX | XXXX | Verified Doc Type | XXXX | Asset Depletion – Debt Ratio Calculation | FullDocumentation | Per Income Calculation Analysis, the majority of the qualifying income was based on Asset Depletion source |
| XXXX | XXXX | 4350120982 | XXXX | XXXX | XXXX | Verified Doc Type | XXXX | 12 Month Bank Statement | FullDocumentation | XXXX |
| XXXX | XXXX | 4350121071 | XXXX | XXXX | XXXX | Verified Doc Type | XXXX | Debt Service Coverage Ratio |  | DSCR file |

---

## Exhibit 99.32

**Exhibit 99.32**

![](ex9932001.jpg)

COLT 2026-5

Lone Star Residential Acquisitions, LLC.

Opus Capital Markets Consultants, LLC

5718 Westheimer Road, Suite 1000 \| Houston, TX 77057 \| <u>www.opuscmc.com</u> \| 224.632.1300

Narrative – COLT 2026-5

**Executive Narrative**

**June 09, 2026**

**Performed by**

**Opus Capital Markets Consultants, LLC**

The report summarizes the results of a due diligence review performed on a pool of forty-five (45) loans, of which were purchased by Lone Star Residential Acquisitions, LLC. ("Customer") from an originator (the "Originator") who is a client of Opus Capital Markets Consultants, LLC ("Consultant") under a reliance letter, and for which the Originator provided Consultant with a data tape, from which, in each case, 100% of the loan population was chosen and loaded into the LauraMac underwriting software. Consultant performed a detailed compliance and credit review of all loans.

As detailed herein, the pool contains twelve (12) Non-QM loans and thirty-three (33) ATR/QM Exempt loans, of which twenty-seven (27) are DSCR loans and six (6) are Business Purpose loans. All loans were re-underwritten in accordance with the lender guidelines in terms of Exhibit A.

<u>EXHIBIT A</u>

**Credit Review**

**Credit Qualification**

A re-underwriting review will be conducted in order to verify that the requisite underwriting guidelines as specified by Client are met. Confirmation of the loan terms will be performed through recalculation and review of documentation contained in the loan file provided to the Consultant. The Credit Qualification review will consist of the following:

&nbsp;&nbsp;&nbsp;&nbsp;a) **Guidelines:** Determine whether each mortgage loan meets the requisite guideline requirements as specified by the Client.
In lieu of specific requirements, Consultant should consider Regulation Z including Appendix Q if applicable. If the loan pre-dates
the requirements of Regulation Z and Appendix Q, Consultant will consider Fannie Mae's Single-Family guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;b) **Employment:** Review the file documentation for minimum required level of employment, income and asset verifications pursuant
to Client provided underwriting guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;c) **Income:** Recalculate borrower(s) monthly gross income and verify calculations of income as used by the original loan
underwriter at origination to determine compliance with the Client provided underwriting guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;d) **Assets:** Confirm the presence of adequate asset documentation to comply with the Client provided underwriting guideline
requirements for closing funds, reserves and borrower liquidity.

&nbsp;&nbsp;&nbsp;&nbsp;e) **Debt Ratio:** Recalculate the debt-to-income ratio and verify the ratio accuracy used by the loan underwriter at origination
to determine compliance with Client provided underwriting guidelines and regulatory requirements.

&nbsp;&nbsp;&nbsp;&nbsp;f) **Property Valuation:** Analyze all appraisals and alternative value tools used to qualify the loan for integrity of comparable
sales, completeness of data, eligibility of the appraiser and reasonableness of estimated value. Review the appraisal to determine
the appraisal(s) meet the requirements of Client provided underwriting guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;g) **Loan-to-Value Ratio:** Recalculate and verify the loan-to-value ratio and combined loan-to-value ratio were accurate at
origination and meet Client provided underwriting guideline and regulatory requirements.

&nbsp;&nbsp;&nbsp;&nbsp;h) **Credit History:** Review the credit report to verify that the borrower(s) demonstrate adequate credit depth to comply
with the Client provided underwriting guideline requirements.

&nbsp;&nbsp;&nbsp;&nbsp;i) **Credit Scores**: Verify that borrower(s) meet minimum credit score requirements of the Client provided underwriting guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;j) **Compensating Factors:** Verify exceptions to the Client provided underwriting guidelines are documented and reasonable.

Narrative – COLT 2026-5

**Document Review**

**Document Review**

A review of each loan file will be performed to confirm the presence of material documentation as applicable to the specifics of the loan transaction. The Document Review will consist of the following:

**a) Collateral Docs**

● Title Commitment / Policy: Verify the presence of the title commitment or final title policy. Confirm vested parties and the description of the property, liens and tax assessments.

● Mortgage Note / Security Instrument: Verify the presence of the mortgage note or security instrument. Confirm that the document has been executed by all borrowers and that all riders, addendums and endorsement are present and duly executed.

● Mortgage / Deed of Trust: Verify the presence of a copy Mortgage or Deed of Trust. Confirm that the documents have been executed by all required parties and that all riders, addendums and exhibits are present and duly executed. If the loan closed within 12 months of the review, Consultant will confirm the presence of a letter from the title company specifying the date the Mortgage / Deed Trust was sent for recording. If the closing did not occur within 12 months of the review and a copy of the recorded Mortgage /Deed of Trust is not contained in the loan file, the Client will submit a report from an independent document custodian verifying the presence of a recoded mortgage or a stamped / signed copy of the document stating the date the document was sent for recording.

● Conveyance Deed: Verify as applicable that a proper conveyance deed is present in the loan file. Confirm the proper transfer of ownership interest of the subject parties is detailed on the deed.

**b) Closing Docs**

● Final Hud-1 Settlement Statement: If required, verify the presence of a final HUD-1. Verify the completeness of required data and signatures or certification depending upon state compliance requirements.

● Final Truth-in-Lending Disclosure: If required, verify the presence of a final Truth-in-Lending Disclosure. Verify the completeness of required data and that all required signatures are present.

● Notice of Right to Cancel: If required based on the specifics of the loan transaction, confirm the presence and required execution of the Notice of Right to Cancel.

● Loan Estimate: If required verify the presence of the current Loan Estimate (LE) at the time of origination

● Closing Disclosure: If required verify the presence of the current Closing Disclosure (CD) at the time of origination.

**c) Credit Docs**

● Loan Application: Verify the presence and completeness of both the initial and final loan applications.

● Underwriting Worksheet: Verify the presence of the relative underwriting worksheet i.e. form 1008, FHA MCAW and VA's Loan Analysis.

● Credit Report: Verify the presence of a credit report for each borrower. Confirm that the credit report was pulled within the timing requirements allowable per the Client provided underwriting guidelines.

● Housing Payment History: In the absence of housing payment histories on the borrower(s) credit report(s), verify that that the file contains a verification of rent or a verification of mortgage form.

● Letters of Explanation: When Letters of Explanation are required by the Client provided underwriting guidelines, verify the presence of any such letters exist in the loan file.

Narrative – COLT 2026-5

● Gift Letters: When Gift Letters are required by the Client provided underwriting guidelines, verify the presence of any such letters exist in the loan file.

● Income Documentation: Verify the presence of income and employment related documentation required by the Client provided underwriting guidelines for all borrowing parties contributing income to the debt ratio calculation.

● Asset Documentation: Verify the presence of asset documentation required by the Client provided underwriting guidelines in the loan file.

● Property Valuation Tools: Verify that each loan file contains adequate appraisal and other third party valuation tools to satisfy the minimum required documentation under the relative Client provided underwriting guidelines.

● Proof of Insurance: Verify the presence of insurance certificates for mortgage, hazard and flood insurance on an as needed basis depending upon the specifics of the loan. Confirm that adequate coverage is present to meet the requirements of the Client provided underwriting guidelines.

**Regulatory Compliance**

For each Mortgage Loan, Consultant shall determine, to the extent possible and subject to caveats below, whether such Mortgage Loan at the time of origination complied with:

1. The "material" <sup>1</sup> disclosure
requirements of the federal Truth-in-Lending Act ("TILA"), as amended by the Home Ownership and Equity Protection Act
("HOEPA") and Dodd-Frank, 15 U.S.C. § 1601 *et seq.* and implemented by Regulation Z, 12 C.F.R. Part 1026,
including the material provisions relating to Higher-Priced Mortgage Loans in Regulation Z, 12 C.F.R. §§ 1026.35, and
the early TIL disclosure provisions of the Mortgage Disclosure Improvement Act ("MDIA"), as implemented by Regulation
Z, 12 C.F.R. §§ 1026.17 et seq; and as amended by the TILA-RESPA Integrated Disclosure ("TRID") Rule, TRID
will be reviewed in accordance with the SFA TRID Grid 4.0, as amended from time to time, as set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. For Right of Rescission

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. A review of the Notice of Right to Cancel, including a verification of the transaction date and expiration date, ensuring proper
execution of the Notice of Right to Cancel by all required parties, verifying the disbursement date and determining if a full three
(3) day rescission period was adequately provided to the borrower(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. This review is also to be performed on transactions that are exempt from the rescission requirement but on which a Notice of
Right to Cancel was provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. A condition must be placed if the transaction is a refinance by the original creditor and the borrower was provided the Form
H-8 rescission notice. Consultant will note in the condition whether there was a new advance that is subject to rescission per
TILA/Regulation Z.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. For TILs (Application Dates prior to 10/3/2015)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Confirm the initial TIL disclosure and final TIL disclosures were provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Review and compare the initial and final TIL, and any re-disclosed TIL(s), with a report outlining any

TILA

violations, including a recalculation of disclosed finance charge, proper execution by all required parties, principal and interest calculations, proper completion of the interest rate and payment summary, recalculation of disclosed APR, and a review to determine disclosure differences were within the allowed tolerances and disclosures were provided within the required timeframes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. For TRID Disclosures (Application Dates on or after 10/3/2015)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Confirm the initial Loan Estimate (LE) was delivered within three (3) business days of application and seven (7) business days prior
to consummation in accordance with Client's Underwriting Guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Review the required sections of each LE to ensure they were populated in accordance with the TRID Rules. (If the file reflects more than one LE was
provided, each revised LE must have corresponding Change of Circumstance documentation. The 0% and 10% fee tolerance evaluations
will be based on the fee amounts disclosed on the initial LE and any valid changes documented and disclosed after the initial LE;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Confirm the Closing Disclosure (CD) confirm the borrower
received the initial CD at least three (3)

<sup>1</sup> These "material" disclosures include the required disclosures of the APR, the finance charge, the amount financed, the total number of payments, the payment schedule, *and* if the loan is subject to the Homeownership and Equity Protection Act ("HOEPA"), the disclosure requirements and prohibitions of that statute which are set forth in 12 C.F.R. §§ 1026.32(c) and (d).

Narrative – COLT 2026-5

business days prior to consummation; <br> iv. Review the required sections of each CD to ensure they were populated in accordance with the TRID Rules. (Any fee tolerance issues to be cured at closing or within 60 days of loan consummation.)

2. Section 4 of the Real Estate Settlement Procedures Act ("RESPA"), 12 U.S.C. §2603 and 2604, as implemented
by Regulation X, 12 C.F.R. Part 1024, and as amended by the TRID Rule; TRID will be reviewed in accordance with the SFA TRID Grid
4.0, as amended from time to time.

3. The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution;

4. Confirmation that one of the following are in the loan file, per the Fair Credit Reporting Act: Consumer Credit Score Disclosure,
Your Credit Score and the Price You Pay for Credit, or Notice to Home Loan Applicant;

5. Sections 1411 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") amending
TILA, as implemented by Regulation Z, 12 C.F.R. 1026.43: the general Ability to Repay underwriting standards (12 C.F.R. 1026.43(c));
refinancing of non-standard mortgages (12 C.F.R. 1026.43(d)); Qualified Mortgages (12 C.F.R. 1026.43(e) (including qualified mortgages
as defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.) and the Department of Veterans Affairs
(38 C.F.R. Part 36 et seq.; and Balloon-payment qualified mortgages made by certain creditors (12 C.F.R. 1026.43(f)) In accordance
with "Ability to Repay and Qualified Mortgage Review" description below;

6. The Loan Originator Compensation and Prohibitions on Steering provisions of TILA, as implemented by Regulation Z, 12 C.F.R
1026.36;

7. The requirements for Higher-Price Mortgage Loans, as implemented by Regulation Z, 12 C.F.R. 1026.35;

8. The appraisal and valuation requirements of TILA and the Equal Credit Opportunity Act, as implemented by Regulation Z, 12 C.F.R.
1026.35 and Regulation B, 12 C.F.R. 1002.14, respectively;

9. The counseling requirements of TILA, as implemented by Regulation Z, 12 C.F.R. 1026.36(k) and RESPA, as implemented by Regulation
X, 12 C.F.R. 1024.20;

10. The escrow requirements of TILA and RESPA, as implemented by Regulation Z, 12 C.F.R 1026.35, and Regulation X, 12 C.F.R 1024.17,
respectively;

11. The disclosure requirements and prohibitions of any applicable state, county and municipal laws and ordinances, as amended,
that have been enacted to regulate so-called "predatory lending":

12. Consultant shall confirm that any mortgage property located in an area identified on a flood hazard map or flood insurance
rate map issued by the Federal Emergency Management Agency as having special flood hazards is subject to a qualified flood insurance
policy that appears to be is in effect.

13. For any loans designated as TILA exemption, Consultant shall review the loan file for evidence that the primary purpose of
the loan was for commercial or business purposes, including, but not limited to a business purpose certification.

14. Documentation. Review of the following documents for regulatory compliance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Final HUD-1 Settlement Statement ("HUD-1"), if applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If the loan is in an escrow state, the HUD-1 will be considered final as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. HUD-1 is marked Final;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If HUD-1 is not marked Final, it must be stamped certified by the closing agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. There should be no markings indicating that the HUD-1 is estimated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. HUD-1 is signed by all parties (including closing agent) or stamped certified by the closing agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. If HUD-1 is stamped, the HUD-1 / stamp should be signed or initialed by the closing agent; if the stamp does not contain the
signature or initials, it must identify the name of the closing agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Final Truth in Lending Disclosure ("TIL"), if applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Loan Estimate, if applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The Loan Estimate in will be considered delivered based on the date issued, subject to the three-day mailing rule unless the
file contains documentation indicating earlier receipt. The loan file may contain one or more Loan Estimates with the latest one
provided up until three business days prior to the issuance of an initial Closing Disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Closing Disclosure, if applicable

Narrative – COLT 2026-5

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The Closing Disclosure in the loan file will be considered delivered based on the date issued, subject to the three-day mailing
rule unless the file contains documentation indicating earlier receipt. The loan file may contain one or more Closing Disclosures
with the latest one provided up until the consummation date being considered the Final with any delivered post consummation considered
as a corrected Closing Disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Notice of Right to Cancel (if applicable)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Initial TIL, if applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Good Faith Estimate ("GFE"), if applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Note

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Mortgage/Deed of Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. FACTA disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Third Party Fees

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Third party fees on the HUD-1 or Closing Disclosure if applicable referred to as HUD-1/Closing Disclosure, must be shown as
paid to the third-party provider. A condition must be set if a third-party fee is paid to the lender, investor, etc. or the payee
is blank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. CONSULTANT will condition for evidence in the file indicating that a charge on the HUD-1/Closing Disclosure exceeds the actual
cost to the borrower (i.e. cost printed / stamped on the face of the document showing an amount less than the charge on the HUD-1/Closing
Disclosure). Variations of less than $1 are deemed to be within reasonable limits and are not to be reported.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Any refunds that are provided to the borrower must be accompanied by a revised HUD-1/Closing Disclosure to show the final,
accurate charges to the borrower.

Each loan reviewed will be assigned a Compliance condition grade in accordance with the Rating Agency Criteria as more fully described in Section 2(f).

Consultant will not make a determination as to whether the loans comply with federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated above. Furthermore, the findings reached by Consultant are dependent upon its receipt of complete and accurate data regarding the loans from loan originators and other third parties upon which Consultant is relying in reaching such findings.

**<u>Ability to Repay and Qualified Mortgage Review</u>**

1.  **<u>For Agency Eligible Loans Only</u>** : Consultant reviews applicable loans for compliance with the Qualified Mortgage
(QM) rule requirements set forth in Regulation Z (12 C.F.R. 1026.43 et seq.) based upon the loan's designation (Safe Harbor
QM, Rebuttable Presumption QM, Exempt). Consultant determines the loan's status under the QM rule requirements and assigns
a due diligence loan designation. Consultant notes as a material exception if the due diligence findings do not confirm the same
loan designation. Additionally, Consultant notes if a loan designation was not provided. Consultant will verify if each loan meets
the requirements for a QM under § 1026.43(e)(2)—whether the loan is a safe harbor QM under § 1026.43(e)(1)(i) or
a rebuttable presumption QM under § 1026.43(e)(1)(ii). Consultant will verify the presence of documentation for lender determination
of QM and indicating factors in its ability-to-repay determination, including how the originator applied its policies and procedures
in verification. For loans applications taken on or after June 1, 2021, Consultant will verify whether the loan meets the requirements
of the revised general QM definition effective March 1, 2021.

2. For loans for which applications were received prior to July 1, 2021, if a loan was designated as QM and identified as eligible
for guarantee, purchase, or insurance by an applicable agency as permitted under the QM final rule, Consultant reviews the loan
to determine whether, based on available information in the loan file the loan satisfied (i), (ii) and (iii) in the paragraph (3)(a)(i)
below and reviews the Automated Underwriting System output within the file to confirm agency eligibility.

3.  **<u>For Non-Agency Eligible Loans</u>** : Consultant reviews applicable loans for compliance with the Ability to Repay (ATR)
but not Qualified Mortgage (QM) rule requirements set forth in Regulation Z (12 C.F.R. 1026.43 et seq.).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>Qualified Mortgage</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. For QM (Safe Harbor or HPCT) designated loans, Consultant reviews the loan to determine whether, based on available information
in the loan file: (i) the loan contains risky loan features and terms (e.g. an interest only feature or negative amortization),
(ii) the "points and fees" exceed the applicable QM threshold, (iii) the monthly payment was calculated appropriately.
Consultant reviews to the applicable consider and verify requirements under the QM rule depending on whether the QM was originated
under the original general QM definition or the revised general QM definition effective March 1, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. For each QM designated loan that satisfied the applicable requirements enumerated above, Consultant then determines whether
the loan is a Safe Harbor QM or Higher Priced QM by comparing the loan's actual annual percentage rate, as recalculated,
to the applicable average prime offer rate plus a certain percentage. For QM designated loans originated under the revised general
QM definition effective March 1, 2021, Consultant also determines whether the loan exceeds the pricing thresholds for QM loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Ability to Repay</u>:

Narrative – COLT 2026-5

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The ability to repay portion of the review for non-agency eligible loans only will focus on the eight factors detailed in the
ATR Rule as detailed below for non-agency eligible loans. The Consultant will review the loan file to determine if the creditor
verified and considered each of the eight factors utilizing reasonably reliable third-party documentation at or before consummation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Current or reasonably expected income or assets that the consumer will rely on to repay the loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Current employment status

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Monthly mortgage payment for subject loan using the introductory or fully indexed rate, whichever is higher, and monthly, fully
amortizing payments that are substantially equal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Monthly payment on any simultaneous loans secured by the subject property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Monthly payments for property taxes and hazard/flood insurance and certain other costs related to the property such as homeowner's
association fees or ground rent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Debts, alimony, and child support obligations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Monthly debt-to-income ratio or residual income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Credit history

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. For loans designated as agency eligible, Consultant will not review for compliance with the requirements of Appendix Q or General
Ability to Repay.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Consultant reviews loans to determine their conformity with the ATR/QM factors above and is not rendering an independent assessment
or analysis. Consultant's review is based on information contained in the loan file at the time it is provided to Consultant,
and only reflects information as of that point in time and does not mean any regulator, judicial or agency will agree with the
Consultant's conclusion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** **Regulatory Compliance Disclaimer** 

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

Please be further advised that Consultant does not employ personnel who are licensed to practice law in various jurisdictions, and the findings set forth in the reports prepared by Consultant do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to Consultant. All final decisions as to whether to purchase or enter into a transaction related to any individual mortgage loan or the mortgage loans in the aggregate, any investment strategy and any legal conclusions, including potential liability related to the purchase or other transaction involving any such loans, shall be made solely by the Client, or other agreed upon party, that has engaged Consultant to prepare its reports pursuant to its instructions and guidelines. Client, or other agreed upon party, acknowledges and agrees that the scoring models applied by Consultant are designed to identify potential risk and the Client, or other agreed upon party, assumes sole responsibility for determining the suitability of the information for its particular use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** **Seasoning And Certain Compliance Exceptions** 

Pursuant to the applicable NRSRO criteria, Consultant graded certain compliance exceptions as non-material based on seasoning of the mortgage loan. Certain mortgage loans were seasoned beyond the applicable period under TILA in which affirmative claims could be brought by a consumer. The time period is not limited for claims, other than recession, which are raised as a defense to foreclosure. Information contained in any Consultant reports related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the report based on certain factors, including the facts and circumstances of an individual loan.

**Additional Disclosures and Requirements:**

Consultant will confirm compliance with current documentation and timing requirements in effect at origination of the Mortgage Loan including:

● Servicing Transfer Disclosure (for applications prior to 10/03/2015):

○ Confirm the presence of the Servicing Transfer Disclosure form in file

○ Verify the Servicing Transfer Disclosure was provided to the borrower(s) within three general business days of "Application"

● Special Information Booklet (for applications prior to 10/03/2015)/ Home Loan Tool Kit (for applications on or after 10/03/2015):

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○ Confirm the presence of the Home Loan Tool Kit is in file for covered loans.

○ Confirm the Home Loan Tool Kit is provided within three general business days of application

● Affiliated Business Disclosure

○ Confirm the presence of the Affiliated Business Disclosure in file in the event the lender has affiliated business arrangements

○ Confirm the Affiliated Business Disclosure provided within three general business days of "Application" (Consultant reviews for this disclosure to be provided within three general business days, as the lender will typically know at the time of application if borrower(s) will be referred to affiliates for provision of third party services)

○ Confirm the Affiliated Business Disclosure is executed.

● Initial Escrow Disclosure Statement

○ Confirm the presence of the Initial Escrow Disclosure Statement in file

○ Confirm the Initial Escrow Disclosure Statement was provided at closing or within 45 days after settlement

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

● Confirm the lender has provided the borrower a disclosure of the right to receive a copy of appraisals within three (3) business days of application. This disclosure requirement may be met by disclosure on the Loan Estimate pursuant to 12 CFR § 1026.27(m)(1).

● Confirm that the lender has provided (delivered) copies of appraisals and all other written valuations (as disclosed to the borrower on the HUD-1 and/or contained in the Mortgage Loan File) to the borrower at least three (3) business days prior to consummation Opus uses the following test: Was appraisal/valuation documentation processed at least 6 days prior to account opening/ consummation date (3 day rule plus 3 days mailing time)?

● For a borrower that has waived the 3-business day disclosure requirement, confirm that the borrower has either (1) signed the waiver at least three (3) business days prior to consummation or (2) has signed an acknowledgment that the waiver occurred at least three (3) business days prior to consummation. Additionally, confirm that the lender has provided copies of appraisals and other written valuations at or prior to consummation.

**Fair Credit Report Act (Regulation V)**

● Confirm that the lender has provided the borrower the risk-based pricing notice (as required by 12 CFR § 1022.73) or credit score disclosure (as required by 12 CFR § 1022.74(d)), as applicable; (a) If the lender has provided the risk-based pricing notice, confirm the disclosure was provided before consummation, but not earlier than the approval decision was communicated to the consumer; and (b) If the lender has provided the credit score disclosure, confirm the disclosure was provided before consummation.

● Confirm that the lender has provided a copy of the disclosure of credit score and the Notice to Home Loan Applicant (as required by 15 U.S.C. § 1681g) before consummation.

**High-Cost, State & Local Anti-Predatory Regulations**

In addition to federal thresholds, Consultant will review the anti-predatory lending statutes in the following states and local municipalities, as applicable, as well as any additional applicable regulations implemented during the Term of this SOW.

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

● California Anti-Predatory Lending Statute, Cal. Fin. Code § 4970 et seq.

● California Higher-Priced Mortgage Loan Statute, Cal. Fin. Code §4995 et seq.

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

● Connecticut Abusive Home Loan Lending Practices Act, Conn. Stat. Ann. §36a- 746 et seq., as amended from time to time.

● Connecticut Nonprime Home Loans Statute, Conn. Gen. Stat. §§ 36a-760 et seq. (as originally enacted and as amended by Senate Bill 949).

● District of Columbia Home Loan Protection Act, D.C. Official Code § 26-1151.01 et seq., as implemented by 20 D.C. Municipal Reg § 2000.1 et seq.

● Florida Fair Lending Act, Fla. Stat. Ann. § 494.0078 et seq. (for loans closed before July 1, 2014).

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

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 Senate Bill 03-53).

● Idaho Residential Mortgage Practices Act, Idaho Code § 26-3101 et seq.

● Illinois High Risk Home Loan Regulations, 38 Ill. Admin. Code §345.10 et seq.

● Illinois High Risk Home Loan Act, Public Act. 93-0561 (2003) codified at 815, ILCS §§ 137/5 et seq., and as amended by SB 1692 (2012), effective January 10, 2014.

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

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

● Cook County, Illinois, Anti-Predatory Lending Ordinance, Cook County Code of Ordinances § 34-341.

● Cook County, Illinois, Anti-Predatory Lending Pilot Program, Illinois House Bill 4050 (2005).

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

● Section 16a-3-308a of the Kansas Consumer Credit Code, Kan. Stat. Ann. §16a.101 et seq.

● Kansas Consumer Credit Code

● Kentucky Anti-Predatory Lending Statute, Ky. Rev. Stat. § 360.100 et seq.

● Maine, An Act to Enhance Consumer Protections in Relation to Certain Mortgages (for loans closed prior to September 27, 2011), Me. Rev. Stat. Ann. Tit. 9-A, §§ 8-103(1); 8-206(8);8-206A, as amended by Legislative Documents 1869 (2007), 2125 (2008) and 1439 (2009).

● Maine Consumer Credit Code - Truth-in-Lending, (for loans closed on or after September 27, 2011), Me. Rev. Stat. Ann. tit. 9-A, §§ 8-501 et seq., as amended from time to time.

● Maryland Commercial Law, Md. Code Ann., Com. Law §§ 12-124.1; 12-127; 12- 409.1; 12-1029.

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

● Massachusetts High-Cost Mortgage Regulations, 209 CMR Parts 32 and 40, as amended from time to time.

● Massachusetts Predatory Home Loan Practices Act, M.G.L. Chapter 183C, §§ 1 et seq.

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

● Massachusetts Mortgage Lender and Broker Regulations, 940 CMR §800 (15-17).

● Massachusetts Regulations for Higher Priced Mortgage Loans, 209 CMR §§ 32.00 et.seq., as amended from time to time.

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

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

● Minnesota Mortgage Originator and Service Licensing Act, § 58.137 et seq. (S.F. 2988 (2002)), as amended by House File 1004 (2007) and Senate File 988 (2007).

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

● Nevada Anti-Predatory Lending Law, Assembly Bill No. 284 (2003) and Amended by Assembly Bill No. 440 (2007), codified as NRS § 598D.010 et seq.

● New Jersey Home Ownership Security Act of 2002, NJ Stat. Ann. § C:46:10B-22 et seq., as amended from time to time.

● New Mexico Home Loan Protection Act, Senate Bill 449 (Regular Session 2003), codified at NM Rev. Stat. § 58-21A-1 et seq. and as amended from time to time.

● New York High-Cost Home Loan Regulations, 3 NYCCR Part 41 (2001).

● New York High-Cost Home Loan Act, N.Y. Bank. L. Ch. 626., as codified in NY Bank. Law § 6-l, and as implemented by 3 NYCCR Part 41 as amended from time to time.

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

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

● Ohio Anti-Predatory Lending Statute, HB 386 as amended by Senate Bill 185 (2006), and as codified in various sections of

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 the Ohio Code.

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

● City of Cleveland Heights, Ohio, Anti-Predatory Lending Ordinance, Ordinance No. 72-2003 (PSH), Mun. Code §§ 757.01 et seq.

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

● Oklahoma Anti-Predatory Lending Law, House Bill No. 1574 (2003), as codified in various sections of Title 14A of the Oklahoma Consumer Credit Code.

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

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

● Rhode Island Home Loan Protection Act, R.I. Gen. L. 34-25.1-2 et seq, as implemented by Emergency Banking Regulation 3 (2006) and Final Banking Regulation 3 (2007) and amended by Senate Bill 371 (2007).

● City of Providence, Rhode Island, Anti-Predatory Lending Ordinance, Chapter 2006-33, Ordinance No. 245.

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

● Tennessee Home Loan Protection Act, Tenn. H.R. 3597 (2006), as codified at Tenn. Code Ann. §§ 45-20-101 et seq.

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

● Section 50(a)(6), Article XVI of the Texas Constitution

● Section 50(f)(2), Article XVI of the Texas Constitution

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

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

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

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

● Virginia Mortgage Lender and Broker Act (for loans originated on or after July 1, 2003 to September 30, 2010, as amended), Va. Code Ann. §§ 6.1-411, 6.1-422.1, 6.1-425.1 and 6.1-425.2.

● Virginia Mortgage Lender and Broker Act (for loans originated on or after October 1, 2010), Va. Code Ann. §§ 6.2-1600 et seq., as amended from time to time.

● Virginia Senate Bill 797 (2008), effective July 1, 2008 (uncodified).

● Washington House Bill 2770, Mortgage Lending Ownership

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

● Wisconsin Responsible High-Cost Mortgage Lending Act, Wis. Stat. § 428.202, as implemented by Wis. Admin. Code DFI-Bkg 46.01 et seq.

● Wyoming Credit Code

**Flood Insurance Testing**

**National Flood Insurance Program (NFIP)** 

Each mortgage loan will be reviewed to ensure adherence to flood insurance coverage requirements as outlined under the NFIP, including identification of flood zones and subsequent policy documentation for evidence of adequate coverage amounts.

**Homeowner's Flood Affordability Act (HFIAA)**

Each mortgage loan made by an FDIC-supervised institution or servicer acting on its behalf shall require the escrow of all premiums and fess for flood insurance for any designated loan secured by residential improved real estate or a mobile home, made, increased, extended or renewed on or after January 1, 2016.

Frequency – Payable with same frequency as payments designated for the loans

Exceptions

● Loan is an extension of credit primarily for business, commercial or agricultural purposes

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● Loan is in a subordinate position to a senior lien secured by the same residential improved real estate or mobile for which the borrower has obtained flood insurance

● Flood Insurance coverage for the residential real estate is provided by a policy that

&nbsp;&nbsp;&nbsp;&nbsp;a. Meets requirements

&nbsp;&nbsp;&nbsp;&nbsp;b. Provided by a condominium association, cooperative or other applicable group and

&nbsp;&nbsp;&nbsp;&nbsp;c. The premium for which is paid by the condominium associate, cooperative, homeowners association, or other group as a common
expense.

**Misrepresentation and Third-Party Review**

Validate that fraud reports and independent third-party property valuations reports are in the file. The review will consist of the following:

1) Misrepresentation Review and Valuation Review

Review on each loan to identify potential misrepresentations of income, employment, identity, occupancy, transaction and appraisal misrepresentation or other areas of potential misrepresentation. The Misrepresentation may include the following:

● Signatures: Validate signature consistency across documents. To the extent imaged or hard copy files are provided, Consultant will utilize reasonable efforts to validate the consistency of signatures across documents.

● Alerts: Assess credit report alerts for accuracy and potential issues.

● Social Security Numbers: Compare SSN(s) across all file documents.

● Document Integrity: Review for apparent alterations to loan documents. To the extent imaged or hard copy files are provided, Consultant will utilize reasonable review of alterations to the loan documents.

● Data Consistency: Review the documents contained in the loan file for consistency of data.

● Third Party Fraud Tools: To the extent a third party fraud tool is contained in the loan file, the Consultant will ensure high level or critical warnings are reviewed and addressed.

**Independent Third-Party Values**

Review each loan to determine whether a third party valuation product was required and if required, that the third party product value was compared to the original appraised value to identify a value variance and apply the appropriate rating agency grade after reviewing the required valuation products. i) Consultant will perform the following steps.

● Property is complete

● Value is based on as-is condition or provides satisfactory completion of all material conditions including inspections, licenses, and certifications (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

● Property is described in average or better condition

● No apparent appraiser independence violation statements

● Appraisal addresses any adverse comments

● Appraisal is completed on appropriate GSE Forms

● Appraisal contains required attachments.

● Appraiser was appropriately licensed at the time the appraisal was signed

If the valuation vendor des not supply the updated valuation product directly to the Consultant, the Client will authorize the valuation vendor to issue an attestation with sufficient information for the Consultant to determine the correct valuation product was utilized to verify the accuracy of the origination appraisal.

**Value Review Disclaimer**

● The individuals performing the above procedures are not person providing valuations for the purpose of the Uniform Standards of Professional Appraisal Practice ("USPAP") or necessarily licensed as appraiser under Federal or State law, and the services being performed do not constitute appraisal reviews for the purposes of USPAP or Federal or State law.

● Opus makes no representation or warranty as to the value of the mortgaged property, notwithstanding that Opus may have reviewed the valuation information for reasonableness.

● Opus is not an Appraisal Management Company ("AMC") and therefore does not opine on the actual value of the underlying property.

● Opus is not a creditor within the meaning of the Equal Credit Opportunity Act ("ECOA") or other lending laws and regulations, and therefore Opus will not have and communications with or responsibility to any individual concerning property valuations.

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**Properties in FEMA declared disaster zones.**

If a FEMA declared disaster occurs after the inspection date on the appraisal, Consultant will review the file to determine if an exterior inspection to ensure:

● No apparent damage to the property

● Property appears to be occupied

**Data Compare**

Client will provide a data tape with the following data fields and Consultant will compare the field to the applicable source document and report any variance

● Appraised Value

● CLTV

● DTI

● FICO

● Interest Only

● Interest Rate

● Loan Term

● Loan Purpose

● LTV

● Occupancy

● Original Balance

● Property Address

● Property City

● Property State

● Property Type

● Sales Price

● Second Mortgage Lien Amount

● Self Employed

● Units

● Zip Code

● Loan Type

● QM Status

**Rating Agency Grading Criteria**

**Fitch Ratings Grading Criteria**

Grading shall be provided for each exception, each exception category and holistically for each loan. The methodology for the application of the RMBS grading as defined by Fitch in their current industry publications as updated from time to time.

**Moody's Investor Services Grading Criteria**

Grading shall be provided for each exception, each exception category and holistically for each loan. The methodology for the application of the RMBS grading as defined by Moody's in their current industry publications as updated from time to time.

**Kroll Bond Rating Agency LLC Grading Criteria**

Grading shall be provided for each exception, each exception category and holistically for each loan. The methodology for the application of the RMBS grading as defined by Kroll in their current industry publications as updated from time to time.

**S&P Global Ratings Grading Criteria**

Grading shall be provided for each exception, each exception category and holistically for each loan. The methodology for the application of the RMBS grading as defined by Standard & Poor's in their current industry publications and updated from time to time.

**DBRS Morningstar Grading Criteria**

Grading shall be provided for each exception, each exception category and holistically for each loan. The methodology for the application of the RMBS grading as defined by DBRS in their current industry publications and updated from time to time.

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**Opus Grading Criteria**

1) Opus Grading Criteria

Grading shall be provided for each exception, each exception category and holistically for each loan. The following grading is not intended for securitization reviews and Opus will not issue a Rating Agency Narrative, Reliance or Form ABS Due Diligence 15E if Client elects to utilize the following grading criteria. The methodology for the application of grading is defined by Opus and updated from time to time shall be determined as follows:

**Opus Credit Grades**

● Level 1 Credit Grade Definition: Loan was originated in accordance with the mortgage loan originator underwriting guidelines without exception.

● Level 2 Credit Grade Definition: Loan was originated in substantial compliance with the originator's underwriting guidelines and there are sufficient compensating factors for any exceptions.

● Level 3 Credit Grade Definition: Loan was not originated in substantial compliance with the originator's underwriting guidelines and there are insufficient compensating factors for the exceptions or is missing material documentation.

**Opus Property Grades**

● Level 1 Property Grade Definition: Property value appears to be within 10% of original appraised amount and there are no material deficiencies in the appraisal process.

● Level 2 Property Grade Definition: Property value appears to be within 10% of original appraised amount, but minor issues in the appraisal process were identified.

● Level 3 Property Grade Definition: Property value does not appear to fall within 10% of the original appraised value and/or material deficiencies exist with respect to the appraisal process or the file is missing material documentation.

**Opus Compliance Grades**

● Level 1 Compliance Grade Definition: Loan complies with all applicable laws and regulations reviewed under the applicable scope of work.

● Level 2 Compliance Grade Definition: There are minor issues regarding legal and/or regulatory compliance but such issues do not represent risks to the enforceability of the borrower's obligation under the loan documents and will not result in assignee liability to the investor.

● Level 3 Compliance Grade Definition: Loan is not in compliance with laws and regulations reviewed under the applicable scope of work or the loan is missing material documentation.

**REDACTED INFORMATION**

● Borrower Name

● Co-Borrower Name

● SSNs

● Property Address, City, County, MSA, Zip

● Mailing Address

● Account Number, including Originator and Servicer Loan Number

● Origination Date

● Names of Borrowers or any other Individuals

● Company and Entity Names

● Financial Institution Names

● Job Position Titles

● Any Address

● Any Location Information (other than state), including City, County, MSA and Zip

● Account Numbers of any type

● Insurance Claim Numbers

● Insurance Policy Numbers

● Foreclosure Action dates and Case Numbers

● Bankruptcy Action dates and Case Numbers

● Any reference that would allow the identification of the location of a property (e.g. neighborhood, body of water, schools, major highways)

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**DSCR Loan Review**

A re-underwriting review will be conducted in order to verify that the requisite underwriting guidelines as specified by Client (the "<u>Underwriting Guidelines</u>") are met. Confirmation of the loan terms will be performed through recalculation and review of documentation contained in the loan file provided to the Consultant. The Credit Qualification review guidelines will consist of the following:

**Borrower Underwriting:**

● **Borrower Liquidity:** Review and confirm borrower's liquidity position adheres to Underwriting Guidelines.

● **Credit / Background Check:** Review and confirm each guarantor and/or owner of the borrowing entity requirements meet Underwriting Guidelines, including OFAC.

● **Property management questionnaire:** Review the questionnaire to confirm management experience meets Underwriting Guidelines.

● **Borrowing Entity:** Confirm the entity is in good standing and duly formed (if applicable documents are in the file). Verify the individual signing on behalf of the organization has the authority to bind the entity (if applicable documents are in the file).

● **Loan-to-Value (LTV)/Loan-to-Cost (LTC) Limits:** Confirm the LTV/LTC meets Underwriting Guidelines per Underwriting Guidelines.

● **Permitted Loan Terms:** Confirm the loan terms are eligible per the Underwriting Guidelines.

● **Property Requirements and Market Requirements:** Confirm the loan Property and Market Requirements are eligible per the Underwriting Guidelines.

● **DSCR—ensure components of Debt Service Coverage Ratio are identified correctly:** Recalculation of DSCR

**Title Insurance Requirements are met per Guidelines only as follows**

● Confirm Loss payee language must be present and required insurance policies and coverage amounts meet the Underwriting Guidelines.

● **Condominium Eligibility:** Confirm Condo Master Policy is present and meets the Underwriting Guidelines

● **Property Insurance:** Confirm each mortgaged property has a policy in place and proper coverage amount in adherence to the Underwriting Guidelines.

● **Preliminary/Commitment Title:** Review and confirm first lien holder position, validate no loan file discrepancies, delinquent taxes, and/or additional liens at time of consummation.

**Credit Document Check**

● Loan Application: Verify the presence and completeness of both the initial and final loan applications.

● Credit Report: Verify the presence of a credit report for each borrower. Confirm that the credit report was pulled within the timing requirements allowable per the Client provided underwriting guidelines.

● Housing Payment History: In the absence of housing payment histories on the borrower(s) credit report(s), verify that that the file contains a verification of rent or a verification of mortgage form.

● Letters of Explanation: When Letters of Explanation are required by the Client provided underwriting guidelines, verify the presence of any such letters exist in the loan file.

● Gift Letters: When Gift Letters are required by the Client provided underwriting guidelines, verify the presence of any such letters exist in the loan file.

● Asset Documentation: Verify the presence of asset documentation required by the Client provided underwriting guidelines in the loan file.

● Property Valuation Tools: Verify that each loan file contains adequate appraisal and other third party valuation tools to satisfy the minimum required documentation under the relative Client provided underwriting guidelines.

● Proof of Insurance: Verify the presence of insurance certificates for mortgage, hazard and flood insurance on an as needed basis depending upon the specifics of the loan. Confirm that adequate coverage is present to meet the requirements of the Client provided underwriting guidelines.

**Compliance**

● No compliance testing for the DSCR review.

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**<u>Pool Details</u>**

![](ex9932002.jpg)

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**<u>Tape Discrepancies</u>**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Data Element** | &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Accuracy** |
| &nbsp;&nbsp;Property Address | &nbsp;&nbsp;1 | &nbsp;&nbsp;97.78% |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;19 | &nbsp;&nbsp;57.78% |
| &nbsp;&nbsp;Property Value | &nbsp;&nbsp;1 | &nbsp;&nbsp;97.78% |
| &nbsp;&nbsp;Qualifying FICO | &nbsp;&nbsp;2 | &nbsp;&nbsp;95.56% |
| &nbsp;&nbsp;Qualifying Total Debt Income Ratio | &nbsp;&nbsp;6 | &nbsp;&nbsp;86.67% |
| &nbsp;&nbsp;Term | &nbsp;&nbsp;1 | &nbsp;&nbsp;97.78% |
| &nbsp;&nbsp;**Total Number of Loans** | &nbsp;&nbsp;45 |  |

---

**Multiple Loans to One Borrower:** TPR firm reviewed common identifiers for all loans in the population and confirmed there was four (4) obligor with multiple loans in the pool.

**Property Inspection Waivers:** No loans had a Property Inspection Waiver.

**<u>Loan Grading Definitions</u>**

**<u>Credit</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S&P | Moody's | Fitch | Kroll | DBRS | Definition |
| A | A | A | A | A | Loan conforms to all applicable guidelines, no conditions noted |
| B | B | B | B | B | Loan does not meet every applicable credit guideline. However, most of the loan characteristics are within the guidelines and there are documented and significant compensating factors |
| C | C | C | C | C | The loan does not meet every applicable credit guideline, and most of the loan characteristics are outside of guidelines; or there are weak or no compensating factors |
| D | D | D | D | D | The loan file is missing critical documentation required to perform the review |

---

**<u>Compliance</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| S&P | Moody's | Kroll | DBRS | Definition |
| A | A | A | A | The loan was originated in compliance with applicable federal, state, and local predatory and high cost, TILA, and Regulation Z laws and regulations |
| B | B | B | B | The loan was originated in compliance with applicable federal, state, and local predatory and high cost, TILA, and Regulation Z laws and regulations; however, minor evidentiary issue(s) exist |
| C | C | C | C | The includes material violation(s) with applicable federal, state, and local predatory and high cost, TILA, and Regulation Z laws and regulations |

---

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D <u>D</u> <u>D</u> <u>D</u> <u>The loan file is missing critical documentation required to perform the review</u>

---

| | |
|:---|:---|
| Fitch | Definition |
| A | The loan was originated in compliance with applicable federal, state, and local predatory and high cost, TILA, and Regulation Z laws and regulations |
| B | The loan is in compliance with all applicable laws and regulations and a benefit to the borrower is present and documented |
| C | The includes material violation(s) with applicable federal, state, and local predatory and high cost, TILA, and Regulation Z laws and regulations |
| D | The loan file is missing critical documentation required to perform the review |

---

**<u>Property Valuation</u>**

---

| | |
|:---|:---|
| Moody's | Definition |
| A | Value is within a 10% variance of third party product. Appraisal meets lender guidelines. Subject property is 100% complete. Property condition is average or better. Standard GSE form was utilized. Appraiser is licensed. Appraisal is complete. |
| B | Meets all terms for an A, but property requires cosmetic or minor repairs that do not affect value or habitability |
| C | Any of the following items: Origination value and third party valuation product value has a variance of 10% or greater, cannot validate value, property is incomplete, property condition is less than average, GSE form was not utilized, and/or the appraisal and/or does not meet guidelines |
| D | The loan file was missing the appraisal and/or other valuations products needed to complete the review |

---

---

| | |
|:---|:---|
| S&P | Definition |
| A | First Level Review Value is within a 10% variance to the original appraisal. Appraisal meets lender guidelines. Subject property is 100% complete. Property condition is average or better. Standard GSE form was utilized. Appraiser is licensed. Appraisal is complete. |
| B | First Level Review Value is greater than a 10% variance to the original appraisal but the second level review value is within 10% variance of the original appraised value. In addition, property requires cosmetic or minor repairs that do not affect value or habitability |
| C | Any of the following items: Second Level Review Value is greater than a 10% variance to the original appraisal, cannot validate value, property is incomplete, property condition is less than average, GSE form was not utilized, and/or the appraisal and/or does not meet guidelines |
| D | The loan file was missing the appraisal and/or other valuations products needed to complete the review |

---

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**<u>Loan Review Findings</u>**

The following summarizes Consultant's final loan securitization and event grades assigned to the final reviewed loan pool and reported in the Agency Grading Report dated June 8, 2026.

![](ex9932003.jpg)

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**<u>Loans Reviewed (45 loans)</u>**

---

| | |
|:---|:---|
| 4350121127 | 4350121150 |
| 4350121128 | 4350121151 |
| 4350121129 | 4350121152 |
| 4350121130 | 4350121153 |
| 4350121131 | 4350121154 |
| 4350121132 | 4350121155 |
| 4350121133 | 4350121156 |
| 4350121134 | 4350121157 |
| 4350121135 | 4350121158 |
| 4350121136 | 4350121159 |
| 4350121137 | 4350121160 |
| 4350121138 | 4350121161 |
| 4350121139 | 4350121162 |
| 4350121140 | 4350121163 |
| 4350121141 | 4350121164 |
| 4350121142 | 4350121165 |
| 4350121143 | 4350121166 |
| 4350121144 | 4350121167 |
| 4350121145 | 4350121168 |
| 4350121146 | 4350121169 |
| 4350121147 | 4350121170 |
| 4350121148 | 4350121171 |
| 4350121149 |  |

---

If you have any questions, please contact Uriah Clavier at Uriah.Clavier@opuscmc.com

Narrative – COLT 2026-5

## Exhibit 99.33

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.33**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** |
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Original Loan Amount** |
| XXXX | 4350121127 |  |  | XXXX A |
| XXXX | 4350121128 |  |  | XXXX A B |
| XXXX | 4350121129 |  |  | XXXX D C A |
| XXXX | 4350121130 |  |  | XXXX C A B |
| XXXX | 4350121131 |  |  | XXXX A B |
| XXXX | 4350121132 |  |  | XXXX A |
| XXXX | 4350121133 |  |  | XXXX A |
| XXXX | 4350121134 |  |  | XXXX A |
| XXXX | 4350121135 |  |  | XXXX A |
| XXXX | 4350121136 |  |  | XXXX C A B |
| XXXX | 4350121137 |  |  | XXXX C D A B |
| XXXX | 4350121138 |  |  | XXXX C D A B |
| XXXX | 4350121139 |  |  | XXXX C D A B |
| XXXX | 4350121140 |  |  | XXXX C D A B |
| XXXX | 4350121141 |  |  | XXXX A |
| XXXX | 4350121142 |  |  | XXXX A |
| XXXX | 4350121143 |  |  | XXXX D A B |
| XXXX | 4350121144 |  |  | XXXX D A |
| XXXX | 4350121145 |  |  | XXXX A B |
| XXXX | 4350121146 |  |  | XXXX A D |
| XXXX | 4350121147 |  |  | XXXX A |
| XXXX | 4350121148 |  |  | XXXX A D |
| XXXX | 4350121149 |  |  | XXXX A |
| XXXX | 4350121150 |  |  | XXXX A |
| XXXX | 4350121151 |  |  | XXXX A D |
| XXXX | 4350121152 |  |  | XXXX A |
| XXXX | 4350121153 |  |  | XXXX D A |
| XXXX | 4350121154 |  |  | XXXX A D |
| XXXX | 4350121155 |  |  | XXXX A |
| XXXX | 4350121156 |  |  | XXXX C A |
| XXXX | 4350121157 |  |  | XXXX D A |
| XXXX | 4350121158 |  |  | XXXX A |
| XXXX | 4350121159 |  |  | XXXX A D |
| XXXX | 4350121160 |  |  | XXXX A C |
| XXXX | 4350121161 |  |  | XXXX A D B |
| XXXX | 4350121162 |  |  | XXXX A B |
| XXXX | 4350121163 |  |  | XXXX A |
| XXXX | 4350121164 |  |  | XXXX C A |
| XXXX | 4350121165 |  |  | XXXX A |
| XXXX | 4350121166 |  |  | XXXX A |
| XXXX | 4350121167 |  |  | XXXX A |
| XXXX | 4350121168 |  |  | XXXX A |
| XXXX | 4350121169 |  |  | XXXX A |
| XXXX | 4350121170 |  |  | XXXX D A |
| XXXX | 4350121171 |  |  | XXXX A |

---

## Exhibit 99.34

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.34**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Total Adjusted Prior Purchase Price** | **Primary Appraised Value** | **Primary Appraisal Date** | **Primary Appraisal Type** | **Primary Appraisal Company** | **Primary Appraiser Name** | **Primary Appraiser License Number** | **Value for LTV** | **LTV** | **CLTV** | **Loan Reviewed Property Value** | **Loan Reviewed Variance Amount** | **Loan Reviewed Variance Percent** | **Loan Reviewed Product Type** | **Loan Post-Close Reviewed Property Value** | **Loan Post-Close Reviewed Variance Amount** | **Loan Post-Close Reviewed Variance Percent** | **Loan Post-Close Reviewed Product Type** | **Second Appraisal Value** | **Second Appraisal Variance Amount** | **Second Appraisal Variance Percent** | **Second Appraisal Date** | **Second Appraisal Type** | **AVM Appraised Value** | **AVM Variance Amount** | **AVM Variance Percent** | **AVM Confidence Score** | **FSD Score** | **AVM Company Name** | **AVM Product Name** | **AVM Appraisal Date** | **Desk Review Appraised Value** | **Desk Review Variance Amount** | **Desk Review Variance Percent** | **Desk Review Company** | **Desk Review Risk Score** | **Desk Review Appraisal Date** | **Desk Top Appraised Value** | **Desk Top Variance Amount** | **Desk Top Variance Percent** | **Desk Top Company** | **Desk Top Appraisal Date** | **BPO Appraised Value** | **BPO Variance Amount** | **BPO Variance Percent** | **BPO Company** | **BPO Appraisal Date** | **Field Review Appraised Value** | **Field Review Variance Amount** | **Field Review Variance Percent** | **Field Review Company** | **Field Review Appraisal Date** | **2055 Appraised Value** | **2055 Variance Amount** | **2055 Variance Percent** | **2055 Company** | **2055 Appraisal Date** | **AVE/CMA Appraised Value** | **AVE/CMA Variance Amount** | **AVE/CMA Variance Percent** | **AVE/CMA Company** | **AVE/CMA Appraisal Date** | **Completion Report (1004D) Date** | **Other Appraised Value** | **Other Variance Amount** | **Other Variance Percent** | **Other Appraisal Date** | **Updated Appraised Value** | **Updated Variance Amount** | **Updated Variance Percent** | **Updated Company** | **Updated Appraisal Date** | **Updated Appraisal Type** | **Loan Collateral Advisor Risk Score** | **Loan Collateral Advisor Risk Score Date** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score Date** |
| XXXX | 4350121127 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121128 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 65.6 | 65.6 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.5 | XXXX |
| XXXX | 4350121129 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 55.6 | 55.6 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 | XXXX |
| XXXX | 4350121130 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350121131 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121132 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | -0.0703 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.0703 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121133 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121134 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350121135 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 60 | 60 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 | XXXX |
| XXXX | 4350121136 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 46.4 | 46.4 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121137 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.6 | XXXX |
| XXXX | 4350121138 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 | XXXX |
| XXXX | 4350121139 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350121140 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.1 | XXXX |
| XXXX | 4350121141 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350121142 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 57.6 | 57.6 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121143 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 50 | 50 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121144 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 66.9 | 66.9 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350121145 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121146 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 60 | 60 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121147 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 34.5 | 34.5 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 | XXXX |
| XXXX | 4350121148 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121149 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 52.4 | 52.4 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121150 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350121151 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121152 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.9 | XXXX |
| XXXX | 4350121153 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350121154 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 | XXXX |
| XXXX | 4350121155 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 60 | 60 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | XXXX |
| XXXX | 4350121156 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.6 | XXXX |
| XXXX | 4350121157 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121158 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.0561 | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121159 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350121160 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.4 | XXXX |
| XXXX | 4350121161 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 85 | 85 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121162 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.6 | XXXX |
| XXXX | 4350121163 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75.4 | 75.4 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350121164 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 66.7 | 66.7 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121165 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121166 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 | XXXX |
| XXXX | 4350121167 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0.1228 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.1228 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121168 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | -0.1432 | 2055 Exterior Only Inspection Report |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.1432 | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.1 | XXXX |
| XXXX | 4350121169 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121170 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 74 | 74 | XXXX | XXXX | -0.0238 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.0238 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121171 |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 | XXXX |

---

## Exhibit 99.35

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.35**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Transaction ID** | **Field Name** | **Source** | **Verified Value** | **Bid Tape Value** | **Comment** |
| XXXX | 4350121127 |  |  | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Attached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121128 |  |  | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 10.14 | 10.25 | Audit reflects difference in subject property taxes per documents in the loan file. |
| XXXX | 4350121131 |  |  | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Audit Value Pulled From Appraisal |
| XXXX | 4350121131 |  |  | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 38 | 27.18 | REO 1 has a Mortgage and the mortgage payments reflected in both credit and mortgage statement lender missed to update the Mortgage payment due to that DTI get Varied, File does not have the omission proof |
| XXXX | 4350121132 |  |  | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121134 |  |  | XXXX | Property Address | notePage | XXXX | XXXX | Audit Value Pulled From Note |
| XXXX | 4350121135 |  |  | XXXX | Property Type | propertyValuationPage | PUD | Attached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121136 |  |  | XXXX | Property Type | propertyValuationPage | Condotel | Condominium | Audit value pulled from appraisal. |
| XXXX | 4350121139 |  |  | XXXX | Property Type | propertyValuationPage | Single Family Attached | Single Family Detached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121140 |  |  | XXXX | Property Type | propertyValuationPage | Single Family Attached | Single Family Detached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121143 |  |  | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121144 |  |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 752 | 739 | Audit value based on lender qualifying requirements. |
| XXXX | 4350121145 |  |  | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Attached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121146 |  |  | XXXX | Property Type | propertyValuationPage | Condotel | Condominium | Audit value pulled from appraisal report |
| XXXX | 4350121148 |  |  | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121151 |  |  | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Attached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121152 |  |  | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 16.2 | 20.39 | Audit DTI difference is due to Sold property P&I included in debt income |
| XXXX | 4350121154 |  |  | XXXX | Property Type | propertyValuationPage | Condotel | Condominium | Audit value pulled from appraisal |
| XXXX | 4350121155 |  |  | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 35.74 | 37.22 | Audit liabilities were based on documents in the loan file. |
| XXXX | 4350121157 |  |  | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Attached | Audit Value Pulled From Appraisal |
| XXXX | 4350121158 |  |  | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121159 |  |  | XXXX | Term | notePage | 480 | 360 | Audit Value Pulled From Note. |
| XXXX | 4350121160 |  |  | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 49.6 | 49.59 | Audit reflects difference in subject homeowner's insurance per documents in the loan file. |
| XXXX | 4350121161 |  |  | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121161 |  |  | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 18.67 | 18.66 | Audit liabilities were based on documents in the loan file. |
| XXXX | 4350121163 |  |  | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | Audit Value Pulled From Appraisal. |
| XXXX | 4350121166 |  |  | XXXX | Property Type | propertyValuationPage | Condominium High Rise | Condominium | Audit value pulled from appraisal report |
| XXXX | 4350121168 |  |  | XXXX | Property Value | propertyValuationPage | XXXX | XXXX | Property value $XXXXK pulled from appraisal, however review product 1 (XXXX) was used to calculate the value ($XXXX) same as lender. Per lender guides, can use a XXXX as a second appraisal, the lower of the 2 will be used. See section 6.1.2 second appraisal. |
| XXXX | 4350121168 |  |  | XXXX | Qualifying FICO | creditLiabilitiesPage | 787 | 751 | Audit value based on lender qualifying requirements. |
| XXXX | 4350121170 |  |  | XXXX | Property Type | propertyValuationPage | Townhouse | Attached | Audit value pulled from Appraisal, Townhouse based on ASF definition. |

---

## Exhibit 99.36

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.36**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Seller** | **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Queue** | **Created Date** | **Last Modified Date** | **Finding Status** | **Event Level** | **Finding Category** | **Finding Sub Category** | **Finding Name** | **Reviewer Comments** | **Seller Comments** | **Finding Resolution** | **Finding Document** | **Reviewer Comp Factors** | **Originator Comp Factors** | **State** | **Occupancy** | **Loan Purpose** | **Refinance Purpose** | **Unique Finding ID** | **Acknowledged / Waived By** | **Waiver in File?** |
| XXXX | XXXX | 4350121128 |  |  | Closed | 2026-04-24 13:28 | 2026-04-24 15:28 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-04/24/2026 <br>Open-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-04/24/2026 |  | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-04/24/2026<br>|  |  |  | XXXX | Second Home | Purchase | NA | XXXX | Originator Post-Close | No |
| XXXX | XXXX | 4350121129 |  |  | Closed | 2026-04-24 14:41 | 2026-04-27 15:55 | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Lender provided the missing income worksheet and the currency conversions for the bank statements. - Due Diligence Vendor-04/27/2026 <br> Ready for Review-Document Uploaded. - Buyer-04/27/2026 <br> Open-The Bank Statement Summary/Lender Worksheet with the income of $XXXX - Due Diligence Vendor-04/24/2026 |  | Resolved-Lender provided the missing income worksheet and the currency conversions for the bank statements. - Due Diligence Vendor-04/27/2026<br>| Income.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121129 |  |  | Closed | 2026-04-24 14:26 | 2026-04-27 15:55 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-Lender provided the missing income worksheet and the currency conversions for the bank statements. - Due Diligence Vendor-04/27/2026 <br> Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-04/27/2026 <br> Ready for Review-Document Uploaded. - Buyer-04/27/2026 <br> Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements The Bank Statement Summary/Lender Worksheet with the income of $XXXX - Due Diligence Vendor-04/24/2026 |  | Resolved-Lender provided the missing income worksheet and the currency conversions for the bank statements. - Due Diligence Vendor-04/27/2026 <br>Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-04/27/2026<br>| Income.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121130 |  |  | Closed | 2026-04-27 15:42 | 2026-04-28 08:06 | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-04/28/2026 <br>Ready for Review-Document Uploaded. - Buyer-04/28/2026 <br>Open-Per lender guidelines, section 6.2.1, properties >20 acres not eligible. - Due Diligence Vendor-04/27/2026 |  | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-04/28/2026<br>| Exceptiion.pdf |  | Fico 710, 50 > 660 min<br> Hou 0 x 30 x 67 vs 1 x 30 x 12 min | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121131 |  |  | Closed | 2026-04-27 12:29 | 2026-04-28 14:36 | Resolved | 1 - Information | Compliance | Disclosure | ECOA: Appraisal Not Provided to Applicant | Resolved-Lender provided documentation appraisal provided to the borrower. - Due Diligence Vendor-04/28/2026 <br>Resolved-ECOA Compliant: Appraisal present; evidence appraisal was provided to applicant. - Due Diligence Vendor-04/28/2026 <br>Ready for Review-Document Uploaded. - Buyer-04/28/2026 <br>Open-ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant. - Due Diligence Vendor-04/27/2026 |  | Resolved-Lender provided documentation appraisal provided to the borrower. - Due Diligence Vendor-04/28/2026 <br>Resolved-ECOA Compliant: Appraisal present; evidence appraisal was provided to applicant. - Due Diligence Vendor-04/28/2026<br>| Receipt.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121136 |  |  | Closed | 2026-05-06 09:58 | 2026-05-07 08:28 | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br> Open-Property type is ineligible due to According to lender guidelines section 6.10, condotel minimum unit size of 500 square feet required, subject is XXXX sq ft.<br> . - Due Diligence Vendor-05/06/2026 |  | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026<br>| Exception.pdf |  | FICO 728, 68>660 Min<br> Reserves 16, 10>6 Mos Min<br> LTV 46.37% vs 75% Max<br> 1.16 DSCR vs 1.00 Min Required | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121136 |  |  | Closed | 2026-05-06 09:59 | 2026-05-07 08:26 | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br>Open-Housing History Does Not Meet Guideline Requirements In accordance with lender guidelines (Section 3.4.2), DSCR loans for borrowers residing rent-free require management review and exception. Currently, the audit team is unable to locate the documented approval for this exception in the loan file.<br> - Due Diligence Vendor-05/06/2026 |  | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026<br>| Exception.pdf |  | FICO 728, 68>660 Min<br> Reserves 16, 10>6 Mos Min<br> LTV 46.47% vs 75% Max<br> 1.16 DSCR vs 1.00 Min Required | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121137 |  |  | Closed | 2026-05-06 14:05 | 2026-05-07 07:58 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/07/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br> Open-Invoice - Missing or Incomplete. Appraisal invoice for $XXXX could not be located. - Due Diligence Vendor-05/06/2026 |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/07/2026<br>| invoice.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121137 |  |  | Closed | 2026-05-06 13:00 | 2026-05-07 07:51 | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-05/07/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br>Open-Housing History Does Not Meet Guideline Requirements In accordance with lender guidelines (Section 3.4.2), DSCR loans for borrowers residing rent-free require management review and exception. Currently, the audit team is unable to locate the documented approval for this exception in the loan file.<br> - Due Diligence Vendor-05/06/2026 |  | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-05/07/2026<br>| Exception.pdf |  | 706 FICO, 46>660 Min<br> 1.67 DSCR, 67>1.00 Min<br> 70 LTV, 5<75 Max<br> 101 mos reserves, 99>2 Min | XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121138 |  |  | Closed | 2026-05-06 16:15 | 2026-05-07 08:16 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/07/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br> Open-Invoice - Missing or Incomplete. Appraisal invoice for $XXXX could not be located. - Due Diligence Vendor-05/06/2026 |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/07/2026<br>| invoice.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121138 |  |  | Closed | 2026-05-06 15:28 | 2026-05-07 08:15 | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br>Open-Housing History Does Not Meet Guideline Requirements In accordance with lender guidelines (Section 3.4.2), DSCR loans for borrowers residing rent-free require management review and exception. Currently, the audit team is unable to locate the documented approval for this exception in the loan file. - Due Diligence Vendor-05/06/2026 |  | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026<br>| Exception.pdf |  | 706 FICO, 46>660 Min<br> 1.66 DSCR, 66>1.00 Min<br> 70 LTV, 5<75 Max<br> 98 mos reserves, 96>2 Min | XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121139 |  |  | Closed | 2026-05-06 17:01 | 2026-05-07 08:19 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/07/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br> Open-Invoice - Missing or Incomplete. Appraisal invoice for $XXXX could not be located. - Due Diligence Vendor-05/06/2026 |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/07/2026<br>| invoice.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121139 |  |  | Closed | 2026-05-06 16:48 | 2026-05-07 08:19 | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br>Open-Housing History Does Not Meet Guideline Requirements In accordance with lender guidelines (Section 3.4.2), DSCR loans for borrowers residing rent-free require management review and exception. Currently, the audit team is unable to locate the documented approval for this exception in the loan file. - Due Diligence Vendor-05/06/2026 |  | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026<br>| Exception.pdf |  | 706 FICO, 46>660 Min<br> 1.28 DSCR, 28>1.00 Min<br> 70 LTV, 5<75 Max<br> 89 mos reserves, 87>2 Min | XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121140 |  |  | Closed | 2026-05-06 17:29 | 2026-05-07 08:23 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/07/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br> Open-Invoice - Missing or Incomplete. Appraisal invoice for $XXXX could not be located. - Due Diligence Vendor-05/06/2026 |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/07/2026<br>| invoice.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121140 |  |  | Closed | 2026-05-06 17:20 | 2026-05-07 08:22 | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/06/2026 <br>Open-Housing History Does Not Meet Guideline Requirements In accordance with lender guidelines (Section 3.4.2), DSCR loans for borrowers residing rent-free require management review and exception. Currently, the audit team is unable to locate the documented approval for this exception in the loan file. - Due Diligence Vendor-05/06/2026 |  | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/07/2026<br>| Exception.pdf |  | 706 FICO, 46>660 Min<br> 1.36 DSCR, 36>1.00 Min<br> 70 LTV, 5<75 Max<br> 92 mos reserves, 90>2 Min | XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121143 |  |  | Closed | 2026-05-07 11:06 | 2026-05-11 10:38 | Resolved | 1 - Information | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-OFAC check completed, condition resolved. - Due Diligence Vendor-05/11/2026 <br>Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-05/11/2026 <br>Open-OFAC Check Not Completed and/or Cleared - Due Diligence Vendor-05/07/2026 |  | Resolved-OFAC check completed, condition resolved. - Due Diligence Vendor-05/11/2026 <br>Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-05/11/2026<br>|  |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121143 |  |  | Closed | 2026-05-07 11:06 | 2026-05-11 10:36 | Resolved | 1 - Information | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third party fraud report provided, condition resolved. - Due Diligence Vendor-05/11/2026 <br>Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-05/11/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/08/2026 <br>Open-Missing Third Party Fraud Report - Due Diligence Vendor-05/07/2026 |  | Resolved-Third party fraud report provided, condition resolved. - Due Diligence Vendor-05/11/2026 <br>Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-05/11/2026<br>| XXXX.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121143 |  |  | Closed | 2026-05-08 09:05 | 2026-05-11 10:35 | Resolved | 1 - Information | Credit | Missing Doc | Final HUD/Settlement Statement Not Provided | Resolved-Final settlement statement provided, condition resolved. - Due Diligence Vendor-05/11/2026 <br>Ready for Review-Document Uploaded. - Seller-05/08/2026 <br>Open-The final HUD/Settlement Statement is missing. File copy is an estimated settlement statement. - Due Diligence Vendor-05/08/2026 | Ready for Review-Document Uploaded. - Seller-05/08/2026<br>| Resolved-Final settlement statement provided, condition resolved. - Due Diligence Vendor-05/11/2026<br>| ALTA Settlement Buyer - Certified.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121143 |  |  | Closed | 2026-05-07 13:41 | 2026-05-11 10:30 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Appraisal invoice for $XXXX provided, condition resolved. - Due Diligence Vendor-05/11/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/08/2026 <br> Open-Invoice - Missing or Incomplete. Audit could not locate invoice for appraisal for $800.00<br> - Due Diligence Vendor-05/07/2026 |  | Resolved-Appraisal invoice for $XXXX provided, condition resolved. - Due Diligence Vendor-05/11/2026 | invoice.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121143 |  |  | Closed | 2026-05-08 08:57 | 2026-05-11 10:29 | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/11/2026 <br>Ready for Review-Document Uploaded. - Seller-05/08/2026 <br>Open-Housing History Does Not Meet Guideline Requirements In accordance with lender guidelines (Section 3.4.2), DSCR loans for borrowers residing rent-free require management review and exception. Currently, the audit team is unable to locate the documented approval for this exception in the loan file.<br> - Due Diligence Vendor-05/08/2026 | Ready for Review-Document Uploaded. - Seller-05/08/2026<br>| Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B.<br> - Due Diligence Vendor-05/11/2026<br>| Exception.pdf |  | Red 53, 47 > 6 mo min<br> DSCR 1.47, .47 x > 1.0x min<br> FICO 718, 58 > 660 min | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121144 |  |  | Closed | 2026-05-08 11:07 | 2026-05-11 10:24 | Resolved | 1 - Information | Credit | Missing Doc | Final HUD/Settlement Statement Not Provided | Resolved-Final settlement statement provided, condition resolved. - Due Diligence Vendor-05/11/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/09/2026 <br>Open-The final HUD/Settlement Statement is missing. File copy is an estimated settlement statement. - Due Diligence Vendor-05/08/2026 |  | Resolved-Final settlement statement provided, condition resolved. - Due Diligence Vendor-05/11/2026<br>| Final HUD.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121145 |  |  | Closed | 2026-05-11 08:31 | 2026-0XXXX 07:30 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | ECOA: Most Recent Primary Appraisal Not Provided to Applicant | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-05/12/2026 <br> Ready for Review-Please waive - Buyer-05/12/2026 <br> Open-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of XXXX is after the Primary Appraisal Delivery Date of XXXX. - Due Diligence Vendor-05/11/2026 |  | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-05/12/2026<br>|  |  |  | XXXX | Investment | Purchase | NA | XXXX | Investor Post-Close | No |
| XXXX | XXXX | 4350121146 |  |  | Closed | 2026-05-14 09:34 | 2026-05-15 07:48 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/15/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/14/2026 <br> Open-Invoice - Missing or Incomplete. Audit could not locate appraisal invoices for $XXXX and $XXXX. - Due Diligence Vendor-05/14/2026 |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/15/2026<br>| XXXX.pdf<br> XXXX.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121148 |  |  | Closed | 2026-05-14 10:05 | 2026-05-15 07:45 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/15/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/14/2026 <br> Open-Invoice - Missing or Incomplete. Audit could not locate appraisal invoices for $XXXX and $XXXX. - Due Diligence Vendor-05/14/2026 |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/15/2026<br>| XXXX.pdf<br> XXXX.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121151 |  |  | Closed | 2026-05-18 10:17 | 2026-05-19 07:28 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/19/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/19/2026 <br> Open-Invoice - Missing or Incomplete. Audit could not locate the appraisal invoices for $XXXX and $XXXX. - Due Diligence Vendor-05/18/2026 |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/19/2026<br>| XXXX.pdf<br> XXXX.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121153 |  |  | Closed | 2026-05-19 10:41 | 2026-05-20 11:41 | Resolved | 1 - Information | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Lender provided liability documentation - Due Diligence Vendor-05/20/2026 <br>Resolved-Audited DTI of 54.81% is less than or equal to Guideline DTI of 55% - Due Diligence Vendor-05/20/2026 <br>Ready for Review-Document Uploaded. - Due Diligence Vendor-05/20/2026 <br>Open-Audited DTI of 59.29% exceeds Guideline DTI of 55% Audited DTI of 59.54% exceeds Guideline DTI of 55% - Due Diligence Vendor-05/19/2026 | See attached document - 05/20/2026 <br>| Resolved-Lender provided liability documentation - Due Diligence Vendor-05/20/2026 <br>Resolved-Audited DTI of 54.81% is less than or equal to Guideline DTI of 55% - Due Diligence Vendor-05/20/2026<br>| XXXX.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121153 |  |  | Closed | 2026-05-19 15:08 | 2026-05-20 11:41 | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Lender provided liability documentation - Due Diligence Vendor-05/20/2026 <br>Ready for Review-Document Uploaded. - Due Diligence Vendor-05/20/2026 <br>Open-Please provide evidence of the 1st and 2nd liability accounts listed on the 1003 in section 2C. - Due Diligence Vendor-05/19/2026 | See attached document - 05/20/2026 <br>| Resolved-Lender provided liability documentation - Due Diligence Vendor-05/20/2026<br>| XXXX.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121154 |  |  | Closed | 2026-05-20 14:05 | 2026-05-21 09:02 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/21/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/21/2026 <br> Open-Invoice - Missing or Incomplete. Audit could not locate appraisal invoice for $XXXX. - Due Diligence Vendor-05/20/2026 |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/21/2026<br>| Appraisal.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121156 |  |  | Closed | 2026-05-20 17:21 | 2026-05-21 15:09 | Resolved | 1 - Information | Credit | Eligibility | Audited HCLTV Exceeds Guideline HCLTV | Resolved-Final HUD provided reflects the repair contractor was paid directly from sellers proceeds. Therefore, not considered a seller concession. Finding Resolved. - Due Diligence Vendor-05/21/2026 <br> Resolved-Audited HLTV of 80% is less than or equal to Guideline HCLTV of 80% - Due Diligence Vendor-05/21/2026 <br> Open-Audited HLTV of 85.21% exceeds Guideline HCLTV of 80% The file currently stands at an 85.21% LTV/CLTV, which exceeds the 80% maximum guideline. This is driven by total Interested Party Contributions (IPCs) of $XXXX, representing 12.11% of the $XXXX purchase price and exceeding the 6% cap. This total includes the $XXXX seller payment to XXXX for buyers contractor, a $XXXX seller credit, and a $XXXX lender credit. To comply with guidelines, the excess concession of $XXXX must be deducted from the sales price. This adjusts the purchase price to $XXXX, yielding the final 85.21% LTV/CLTV. - Due Diligence Vendor-05/20/2026 |  | Resolved-Final HUD provided reflects the repair contractor was paid directly from sellers proceeds. Therefore, not considered a seller concession. Finding Resolved. - Due Diligence Vendor-05/21/2026 <br>Resolved-Audited HLTV of 80% is less than or equal to Guideline HCLTV of 80% - Due Diligence Vendor-05/21/2026<br>|  |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121156 |  |  | Closed | 2026-05-20 17:21 | 2026-05-21 15:08 | Resolved | 1 - Information | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV | Resolved-Final HUD provided reflects the repair contractor was paid directly from sellers proceeds. Therefore, not considered a seller concession. Finding Resolved. - Due Diligence Vendor-05/21/2026 <br> Resolved-Audited CLTV of 80% is less than or equal to Guideline CLTV of 80% - Due Diligence Vendor-05/21/2026 <br> Open-Audited CLTV of 85.21% exceeds Guideline CLTV of 80% The file currently stands at an 85.21% LTV/CLTV, which exceeds the 80% maximum guideline. This is driven by total Interested Party Contributions (IPCs) of $XXXX, representing 12.11% of the $XXXX purchase price and exceeding the 6% cap. This total includes the $XXXX seller payment to XXXX for buyers contractor, a $XXXX seller credit, and a $XXXX lender credit. To comply with guidelines, the excess concession of $XXXX must be deducted from the sales price. This adjusts the purchase price to $XXXX, yielding the final 85.21% LTV/CLTV. - Due Diligence Vendor-05/20/2026 |  | Resolved-Final HUD provided reflects the repair contractor was paid directly from sellers proceeds. Therefore, not considered a seller concession. Finding Resolved. - Due Diligence Vendor-05/21/2026 <br>Resolved-Audited CLTV of 80% is less than or equal to Guideline CLTV of 80% - Due Diligence Vendor-05/21/2026<br>|  |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121156 |  |  | Closed | 2026-05-20 17:21 | 2026-05-21 15:08 | Resolved | 1 - Information | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Document Uploaded. Final HUD provided reflects the repair contractor was paid directly from sellers proceeds. Therefore, not considered a seller concession. Finding Resolved. - Due Diligence Vendor-05/21/2026 <br> Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-05/21/2026 <br> Open-Audited LTV of 85.21% exceeds Guideline LTV of 80% The file currently stands at an 85.21% LTV/CLTV, which exceeds the 80% maximum guideline. This is driven by total Interested Party Contributions (IPCs) of $XXXX, representing 12.11% of the $XXXX purchase price and exceeding the 6% cap. This total includes the $XXXX seller payment to XXXX for buyers contractor, a $XXXX seller credit, and a $XXXX lender credit. To comply with guidelines, the excess concession of $XXXX must be deducted from the sales price. This adjusts the purchase price to $XXXX, yielding the final 85.21% LTV/CLTV. - Due Diligence Vendor-05/20/2026 |  | Resolved-Document Uploaded. Final HUD provided reflects the repair contractor was paid directly from sellers proceeds. Therefore, not considered a seller concession. Finding Resolved. - Due Diligence Vendor-05/21/2026 <br>Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-05/21/2026<br>| XXXX HUD.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121157 |  |  | Closed | 2026-05-20 16:09 | 2026-05-22 13:58 | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-lender provided a letter of explanation regarding the HOA due for the REO properties. - Due Diligence Vendor-05/22/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/22/2026 <br>Open-Required supporting documents for the following properties to verify the HOA payments <br> REO 3A, 3B, 3C, 3D, 3E, 3F, 3G, 3H, 3I from the final 1003 - Due Diligence Vendor-05/20/2026 |  | Resolved-lender provided a letter of explanation regarding the HOA due for the REO properties. - Due Diligence Vendor-05/22/2026<br>| LOX for HOA Signed.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121159 |  |  | Closed | 2026-05-27 14:21 | 2026-05-28 08:14 | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/28/2026 <br> Ready for Review-Document Uploaded. - Buyer-05/28/2026 <br> Open-Invoice - Missing or Incomplete. Appraisal invoice for $XXXX could not be located. - Due Diligence Vendor-05/27/2026 |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-05/28/2026<br>| invoice.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121160 |  |  | Closed | 2026-05-27 02:44 | 2026-05-28 08:06 | Resolved | 1 - Information | Property | Value | Missing Valuation Review Product - 1 | Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-05/28/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/28/2026 <br>Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-05/27/2026 |  | Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-05/28/2026<br>| SSR.pdf |  |  | XXXX | Second Home | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121161 |  |  | Closed | 2026-05-27 08:56 | 2026-05-29 08:16 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | ECOA: Appraisal Disclosure Missing or Incomplete | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-05/29/2026 <br>Acknowledged- - Due Diligence Vendor-05/29/2026 <br>Ready for Review-Waive please - Buyer-05/29/2026 <br>Open-ECOA Non-Compliant: Appraisal Disclosure Missing or Incomplete. Appraisal Disclosure is Missing - Due Diligence Vendor-05/27/2026 |  | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-05/29/2026<br>|  |  |  | XXXX | Investment | Purchase | NA | XXXX | Investor Post-Close | No |
| XXXX | XXXX | 4350121161 |  |  | Closed | 2026-05-27 09:33 | 2026-05-29 08:04 | Resolved | 1 - Information | Compliance | Missing Doc | Final HUD-1 Document is Missing | Resolved-Final HUD-1 Document is not missing. - Due Diligence Vendor-05/29/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/29/2026 <br>Open-Final HUD-1 Document is missing. Missing Final HUD-1: Compliance testing utilized Preliminary/ Estimated HUD from loan file. Additional exceptions may occur upon receipt of complete Final HUD-1. - Due Diligence Vendor-05/27/2026 |  | Resolved-Final HUD-1 Document is not missing. - Due Diligence Vendor-05/29/2026<br>| final.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121162 |  |  | Closed | 2026-06-03 12:47 | 2026-06-03 13:01 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-06/03/2026 <br>Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-06/03/2026 |  | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-06/03/2026 <br>Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-06/03/2026<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No |
| XXXX | XXXX | 4350121164 |  |  | Closed | 2026-05-29 10:23 | 2026-06-01 08:03 | Resolved | 1 - Information | Credit | Eligibility | Appraisal Transfer Does Not Meet Guideline Requirements | Resolved-Lender provided the appraisal invoice. - Due Diligence Vendor-06/01/2026 <br>Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-06/01/2026 <br>Ready for Review-Document Uploaded. - Buyer-05/30/2026 <br>Open-Appraisal Transfer Does Not Meet Guideline Requirements. Missing the appraisal invoice. - Due Diligence Vendor-05/29/2026 |  | Resolved-Lender provided the appraisal invoice. - Due Diligence Vendor-06/01/2026 <br>Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-06/01/2026<br>| invoice.pdf |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121170 |  |  | Closed | 2026-05-31 09:01 | 2026-06-03 11:41 | Resolved | 1 - Information | Credit | Missing Doc | Missing Guaranty Agreement - Borrower 1 | Resolved-Guaranty Agreement for Borrower 1 provided. - Due Diligence Vendor-06/03/2026 <br>Resolved-Guaranty Agreement provided; condition resolved. - Due Diligence Vendor-06/03/2026 <br>Ready for Review-Document Uploaded. - Buyer-06/03/2026 <br>Open-Missing Guaranty Agreement for Borrower 1. - Due Diligence Vendor-05/31/2026 |  | Resolved-Guaranty Agreement for Borrower 1 provided. - Due Diligence Vendor-06/03/2026 <br>Resolved-Guaranty Agreement provided; condition resolved. - Due Diligence Vendor-06/03/2026<br>| Guaranty.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121170 |  |  | Closed | 2026-05-31 09:42 | 2026-06-03 11:41 | Resolved | 1 - Information | Credit | Missing Doc | Missing Business Purpose Affidavit | Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-06/03/2026 <br>Resolved-Business Purpose Affidavit provdied; condition resolved. - Due Diligence Vendor-06/03/2026 <br>Ready for Review-Document Uploaded. - Seller-06/03/2026 <br>Open-The loan file is missing the Business Purpose Affidavit as required by Lender guidelines. - Due Diligence Vendor-05/31/2026 | Ready for Review-Document Uploaded. - Seller-06/03/2026<br>| Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-06/03/2026 <br>Resolved-Business Purpose Affidavit provdied; condition resolved. - Due Diligence Vendor-06/03/2026<br>| Affidavit.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121170 |  |  | Closed | 2026-06-01 08:46 | 2026-06-03 08:02 | Resolved | 1 - Information | Credit | Missing Doc | Closing Package Incomplete | Resolved-All missing required documentation has been provided; condition resolved. - Due Diligence Vendor-06/03/2026 <br>Ready for Review-repetitive finding please rescind - Seller-06/03/2026 <br>Open-The Closing Package is currently incomplete. The loan will be reviewed upon receipt of all critical documents. closing package not provided. - Due Diligence Vendor-06/01/2026 | Ready for Review-repetitive finding please rescind - Seller-06/03/2026<br>| Resolved-All missing required documentation has been provided; condition resolved. - Due Diligence Vendor-06/03/2026<br>|  |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121170 |  |  | Closed | 2026-05-31 08:54 | 2026-06-03 08:01 | Resolved | 1 - Information | Credit | Missing Doc | Missing Mortgage/Deed of Trust | Resolved-Document provided. Finding Resolved. - Due Diligence Vendor-06/03/2026 <br>Resolved-The Deed of Trust is Present - Due Diligence Vendor-06/03/2026 <br>Ready for Review-Document Uploaded. - Buyer-06/03/2026 <br>Open-The Deed of Trust is Missing - Due Diligence Vendor-05/31/2026 |  | Resolved-Document provided. Finding Resolved. - Due Diligence Vendor-06/03/2026 <br>Resolved-The Deed of Trust is Present - Due Diligence Vendor-06/03/2026<br>| Mortgage.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121170 |  |  | Closed | 2026-05-31 08:55 | 2026-06-03 08:01 | Resolved | 1 - Information | Credit | Missing Doc | The Final 1003 is Missing | Resolved-Document provided. Finding Resolved. - Due Diligence Vendor-06/03/2026 <br>Ready for Review-Document Uploaded. - Buyer-06/03/2026 <br>Open-The Final 1003 is Missing - Due Diligence Vendor-05/31/2026 |  | Resolved-Document provided. Finding Resolved. - Due Diligence Vendor-06/03/2026<br>| 1003.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121170 |  |  | Closed | 2026-05-31 09:09 | 2026-06-03 08:01 | Resolved | 1 - Information | Credit | Missing Doc | Final HUD/Settlement Statement Not Provided | Resolved-Final Closing Disclosure provided; condition resolved. - Due Diligence Vendor-06/03/2026 <br>Ready for Review-Document Uploaded. - Buyer-06/03/2026 <br>Open-The final HUD/Settlement Statement is missing. - Due Diligence Vendor-05/31/2026 |  | Resolved-Final Closing Disclosure provided; condition resolved. - Due Diligence Vendor-06/03/2026<br>| CD.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |

---

## Exhibit 99.37

**Exhibit 99.37**

![](ex9937001.jpg)

**Selene Diligence LLC ("Selene") Due <br> Diligence Review Narrative ("Report")**

Selene's Report, which is to be made available to the recipients by the Client, includes the loan level results of Selene's independent, third-party due diligence review conducted on behalf of the Client. The scope of review for these loans is as follows:

**DESCRIPTION OF SERVICES:**

&nbsp;&nbsp;&nbsp;&nbsp;**(1) Type of assets that were reviewed.**

Selene performed certain due diligence services described below on residential mortgage loans originated by numerous entities and obtained by Lone Star Residential Acquisitions, LLC ("Client"). The review was conducted between February 2026 and May 2026 via files imaged and provided for review (the "Review").

&nbsp;&nbsp;&nbsp;&nbsp;**(2) Sample size of the assets reviewed.**

This Review consisted of 100% of the loan population.

**FINAL SECURITIZATION POPULATION**

Selene was instructed to perform a review on a population totaling 31 Non-QM loans and 35 ATR/QM exempt loans for a total of 66 loans the "Final Securitization Population".

*<u>Credit Reviews (66):</u>*

During the Review, Selene performed a credit review on 66 mortgage loans in the Final Securitization Population.

*<u>Compliance Review (66)</u>*

During the Review, Selene performed a compliance review, when applicable on 66 mortgage loans in the Final Securitization Population.

*<u>Valuation Reviews (66):</u>*

During the Review, Selene performed a property valuation review on 66 mortgage loans in the Final Securitization

Population.

*<u>Data Integrity Review (66):</u>*

During the Review, Selene performed a Data Integrity Review on 66 mortgage loans in the Final Securitization

Population.

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COLT 2026-5 Executive Summary (Selene Diligence LLC)

**<u>FINAL SECURITIZATION POPULATION</u>**

After Selene's initial review was completed, the Client provided Selene with a confirmed list of 66 mortgage loans that formed the Final Securitization Population. The table below summarizes the reviews conducted by Selene.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Review** | &nbsp;&nbsp;**Reviewed Total** | &nbsp;&nbsp;**% of Final Securitization Population** |
| &nbsp;&nbsp;Credit Population | &nbsp;&nbsp;66 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;Compliance Population | &nbsp;&nbsp;66 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;Valuation Population | &nbsp;&nbsp;66 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;Data Integrity Population | &nbsp;&nbsp;66 | &nbsp;&nbsp;100% |

---

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

The Review was conducted with sample size criteria that has been communicated by the Client to Selene to be consistent with the criteria for the nationally recognized statistical ratings organizations identified in Item 3 of the ABS Due Diligence-15E.s, Fitch Ratings, Inc. ("Fitch") (the "NRSRO").

&nbsp;&nbsp;&nbsp;&nbsp;**(4) Quality or integrity of information or data about the assets: review and methodology.**

Where available, Selene compared the data fields on the bid tape provided by the Client to the data found in the actual loan file as captured by Selene. This information may not have been available for all mortgage loans.

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

Selene assessed the underwriting guidelines and compared the documentation in the loan file against the stated guidelines for adherence.

**<u>GUIDELINES</u>**

Northpointe Underwriting Guidelines, Kind Lending Non-Agency Program Guidelines, 5th Street Capital Non-QM Loan Eligibility, Capital Alliance Loan Eligibility Guidelines (collectively the "Guidelines")

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**<u>LOAN GRADING</u>**

The Guidelines referenced above served as the benchmark for grading loans with respect to credit, compliance, underwriting, property valuation and data integrity. Each loan received an "initial" and a "final" grade. The "initial" grade was assigned during the initial loan review. The "final" grade considers additional information and supporting documentation that may have been provided by the originators to clear outstanding conditions. Selene's loan grading is solely based on Selene's independent assessment of all Guideline exceptions and compensating factors for each of the component reviews. Selene is providing a comprehensive loan-level analysis that includes initial grades, final grades and detailed commentary on the rationale for any changes in grades and sets forth compensating factors and waivers.

**<u>SCOPE OF REVIEW</u>**

Selene examined the selected loan files with respect to the presence or absence of relevant documents, enforceability of mortgage loan documents, and accuracy and completeness of data fields. Selene relied on the accuracy of information contained in loan documentation provided to Selene (for more detail, please refer to Appendix A, B, and C, attached hereto).

 **CREDIT REVIEW**

Selene's credit scope of review conducted on this transaction included the following elements:

● Assessed whether the characteristics of the mortgage loans and the borrowers conformed to the Guidelines cited above;

● Re-calculated LTV, CLTV, income, liabilities and compared these against the Guidelines;

● Analyzed asset statements to determine whether funds to close and reserves were within the Guidelines;

● Confirmed that credit scores (FICO) and credit histories were within the Guidelines.

 **COMPLIANCE REVIEW**

Selene's compliance scope determined whether the mortgage loans comply with the Federal Truth in Lending Act, the Federal Real Estate Settlement Procedures Act, Sections 1098 and 1100A of Dodd Frank, Sections 1411 and 1412 of the Wall Street Reform and Consumer Protection Act, and the Equal Credit Opportunity Act.

**PROPERTY VALUATION REVIEW**

Selene's Property Valuation scope of review conducted on this transaction included the following elements.

● **Original Appraisal Assessment** 

Selene reviewed the original appraisal provided to determine whether the original appraisal was complete, thorough and the original appraised value was reasonably supported.

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● **Value Supported Analysis** 

Selene applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third-party valuation product provided by the Client.

 **DATA INTEGRITY REVIEW**

Selene uploads tape data into its due diligence application and compares it to the actual documents provided.

● Tape data received from lender/client is stored in a secured FTP folder;

● Tape data is uploaded into the application;

● Loan Reviewer collects validated loan data;

● Each received data point is compared to its counterpart collected data point; and

● Discrepancies found during comparison are stored and reported.

Selene provided the Client with a copy of the initial loan level tape discrepancy report which shows the differences between the data received by the Client versus the data captured by Selene during the loan review.

**<u>SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW</u>**

The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the requirements of the NRSROs.

With respect to the Final Securitization Population, Selene conducted (i) a Credit Review on 66 mortgage loans, (ii) a Compliance Review on 66 mortgage loans (iii) a Valuation Review on 66 mortgage loans, and (iv) a Data Integrity Review on 66 mortgage loans; the results of these reviews are discussed below. All grades shown below are based upon the NRSRO grading methodologies utilized by the NRSROs.

**<u>REVIEW RESULTS SUMMARY</u>**

After review of the 66 mortgage loans; 47 mortgage loans had a rating grade of A, 19 mortgage loans had a rating grade of B, 0 mortgage loans had a rating grade of C, and 0 mortgage loans had a rating grade of D.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp; ****<br> ***Grades per loan (66 overall loans):*** | &nbsp;&nbsp; ****<br> ***Grades per loan (66 overall loans):*** | &nbsp;&nbsp; ****<br> ***Grades per loan (66 overall loans):*** | &nbsp;&nbsp; ****<br> ***Grades per loan (66 overall loans):*** |  |
| | &nbsp;&nbsp;**INITIAL RA GRADES - OVERALL** | &nbsp;&nbsp;**INITIAL RA GRADES - OVERALL** | &nbsp;&nbsp;**FINAL RA GRADES - OVERALL** | &nbsp;&nbsp;**FINAL RA GRADES - OVERALL** | &nbsp;&nbsp;**FINAL RA GRADES - OVERALL** |
| <br>&nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**Fitch** | &nbsp;&nbsp;**%** | &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**Fitch** | &nbsp;&nbsp;**%** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;14 | &nbsp;&nbsp;21.21% | &nbsp;&nbsp;A | &nbsp;&nbsp;47 | &nbsp;&nbsp;71.21% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;5 | &nbsp;&nbsp;7.58% | &nbsp;&nbsp;B | &nbsp;&nbsp;19 | &nbsp;&nbsp;28.79% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;16 | &nbsp;&nbsp;24.24% | &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;31 | &nbsp;&nbsp;46.97% | &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |

---

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COLT 2026-5 Executive Summary (Selene Diligence LLC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| |  | &nbsp;&nbsp; ****<br> ****<br> ***Final Grades per loan broken out by compliance, credit and property:*** | &nbsp;&nbsp; ****<br> ****<br> ***Final Grades per loan broken out by compliance, credit and property:*** | &nbsp;&nbsp; ****<br> ****<br> ***Final Grades per loan broken out by compliance, credit and property:*** | &nbsp;&nbsp; ****<br> ****<br> ***Final Grades per loan broken out by compliance, credit and property:*** |
| | &nbsp;&nbsp;**FINAL RA GRADES - COMPLIANCE** | &nbsp;&nbsp;**FINAL RA GRADES - COMPLIANCE** | | &nbsp;&nbsp;**FINAL RA GRADES - CREDIT** | &nbsp;&nbsp;**FINAL RA GRADES - CREDIT** |
| <br>&nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**Fitch** | &nbsp;&nbsp;**%** | <br>&nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**Fitch** | &nbsp;&nbsp;**%** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;66 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;A | &nbsp;&nbsp;49 | &nbsp;&nbsp;74.24% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;B | &nbsp;&nbsp;17 | &nbsp;&nbsp;25.76% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
|  | &nbsp;&nbsp;**FINAL RA GRADES - PROPERTY** | &nbsp;&nbsp;**FINAL RA GRADES - PROPERTY** |  |  |  |
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**Fitch** | &nbsp;&nbsp;**%** |  |  |  |
| &nbsp;&nbsp;A | &nbsp;&nbsp;63 | &nbsp;&nbsp;95.45% |  |  |  |
| &nbsp;&nbsp;B | &nbsp;&nbsp;3 | &nbsp;&nbsp;4.55% |  |  |  |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |  |  |  |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |  |  |  |

---

**<u>REVIEW RESULTS SUMMARY (EXCEPTION LISTING)</u>**

Review of the Final Grading Summary (redacted) provides the exceptions in detail and the migration from the initial rating agency grade to the final rating agency grade, based on mitigation/resolution from the client.

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

Please be further advised that Selene does not employ personnel who are licensed to practice law in the various jurisdictions, and the findings set forth in the reports prepared by Selene do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to Selene. Information contained in any Selene report related to the applicable statute of limitations for certain

Page **5** of **15**

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claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the report based on certain factors, including the facts and circumstances of an individual mortgage loan. Risk levels associated with a loan may have changed an exception level, given rating agency published guidance, written guidance, or other guidance from the rating agency team on the transaction. All final decisions as to whether to purchase or enter into a transaction related to any individual mortgage loan or the mortgage loans in the aggregate, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such mortgage loan or mortgage loans, shall be made solely by the Client, or other agreed upon party, that has engaged Selene to prepare its reports pursuant to its instructions and Guidelines. The Client, or other agreed upon party, acknowledges and agrees that the scoring models applied by Selene are designed to identify potential risk and the Client, or other agreed upon party, assumes sole responsibility for determining the suitability of the information for its particular use. Selene does not make any representation or warranty as to the value of any mortgage loan or mortgage loans collateral that has been reviewed by Selene.

**<u>THIRD PARTY REVIEW REPORTING DELIVERED</u>**

Selene furnished the following reports on this transaction:

1. Selene
Due Diligence Narrative Report

2. ASF
Report

3. Grading
Summary

4. Exception
Detail

5. Tape
Discrepancies

6. Valuations
Report

7. Supplemental
Data

8. Third
Party (TPR) Attestation Form

9. Attestation
Form 15E

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**APPENDIX A – CREDIT REVIEW SCOPE**

Selene reviewed the origination documentation contained in the mortgage loan file to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements that are provided to Selene and/or as directed by Client. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the file was also performed.

**Credit Application**

For the Credit Application, Selene verified whether:

&nbsp;&nbsp;&nbsp;&nbsp;1. The
 application is signed by all listed borrowers;

&nbsp;&nbsp;&nbsp;&nbsp;2. The
 application is substantially filled out; and

&nbsp;&nbsp;&nbsp;&nbsp;3. All
 known borrower-owned properties are disclosed on the Real Estate Owned section.

**Credit Report**

Selene verified:

&nbsp;&nbsp;&nbsp;&nbsp;1. A
 credit report and/or other credit history documentation is present for each borrower;

&nbsp;&nbsp;&nbsp;&nbsp;2. Capture
 the monthly consumer debt payments for use in the debt to income and/or residual income
 calculation, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;3. Note
 the Real Estate Owned and fraud alerts; and

&nbsp;&nbsp;&nbsp;&nbsp;4. Gather
 data required for ASF Report submission which may include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Most
 recent FICO Score (scores from Equifax, Experian, and Transunion if available)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Most
 recent FICO date

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Longest
 Trade Line

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Maximum
 Trade Line

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Number
 of trade lines

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) Credit
 Usage Ratio

**Employment and Income**

Selene determined whether all applicable supporting documentation as required by the guidelines is in the file and note indications of potentially fraudulent documents. The documentation was also be used to verify whether the income used to qualify the loan was calculated in accordance with applicable guidelines. Documentation verifying employment and income may include:

&nbsp;&nbsp;&nbsp;&nbsp;1. Verbal
 or Written VOE's

&nbsp;&nbsp;&nbsp;&nbsp;2. Pay
 stubs

&nbsp;&nbsp;&nbsp;&nbsp;3. W-2
 forms

&nbsp;&nbsp;&nbsp;&nbsp;4. Tax
 returns

&nbsp;&nbsp;&nbsp;&nbsp;5. Financial
 statements

&nbsp;&nbsp;&nbsp;&nbsp;6. Award
 letters

&nbsp;&nbsp;&nbsp;&nbsp;7. Bank
 statements

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**Asset Review**

Selene assessed whether the asset documentation required by the guidelines is present in the file. In addition, a review of the reserve calculation was performed. Documentation verifying assets for down payment, closing costs, prepaid items and reserves may include:

&nbsp;&nbsp;&nbsp;&nbsp;1. VOD's

&nbsp;&nbsp;&nbsp;&nbsp;2. Depository
 account statements

&nbsp;&nbsp;&nbsp;&nbsp;3. Stock
 or security account statements

&nbsp;&nbsp;&nbsp;&nbsp;4. Gift
 funds

&nbsp;&nbsp;&nbsp;&nbsp;5. Settlement
 statement or other evidence of conveyance and transfer of funds if a sale of assets was
 involved

**Hazard/Flood insurance** 

A review of the insurance present on the loan was also be performed:

&nbsp;&nbsp;&nbsp;&nbsp;1. Verify
 that the hazard insurance meets the minimum required amount of coverage in the guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;2. For
 condominium properties, confirm that the blanket policy meets the minimum amount of coverage;

&nbsp;&nbsp;&nbsp;&nbsp;3. Confirm
 that the flood cert is for the correct borrower, property, lender and loan number and
 is a "Life of Loan" certification;

&nbsp;&nbsp;&nbsp;&nbsp;4. For
 properties is in a flood zone per the flood cert, confirm that flood insurance in the
 file meets the minimum required amount of coverage and meets guideline requirements;

&nbsp;&nbsp;&nbsp;&nbsp;5. Confirm
 that the mortgagee clause lists the lender's name and "its successors and
 assigns"; and

&nbsp;&nbsp;&nbsp;&nbsp;6. Confirm
 that the premium amount on both the hazard and flood insurance match what was used in
 the DTI calculations.

**Title**

Verified whether the appropriate vestee is on the title document: if a purchase, the seller; if a refinance, the borrower and review the Title Commitment for the disclosure issues.

**Fraud**

To the extent potentially fraudulent activity is identified as part of the document review, such information was reported to Client. In addition, when required, Selene looked for an independent, third party fraud report in each file and will review the results of the fraud report in conjunction with source documents found in the file to assess the likelihood of any misrepresentations associated with the origination of the loan. If the loan does not contain a fraud report and the counterparty cannot produce one, Selene conditioned the loan for the missing product.

On this Fraud report Selene:

&nbsp;&nbsp;&nbsp;&nbsp;1. Reviewed
 for any name variations for the borrowers and confirm that the variations have been addressed
 in the loan file;

&nbsp;&nbsp;&nbsp;&nbsp;2. Reviewed
 for any social security number variations for the borrowers and confirm that the variations
 have been addressed in the loan file;

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&nbsp;&nbsp;&nbsp;&nbsp;3. Reviewed
 for any potential occupancy issues based on the borrowers' address history and
 confirm that any issues have been addressed in the loan file;

&nbsp;&nbsp;&nbsp;&nbsp;4. Reviewed
 for any employment issues and confirm that any issues have been addressed in the loan
 file;

&nbsp;&nbsp;&nbsp;&nbsp;5. Reviewed
 for any additional consumers associated with the borrowers' profiles and confirm
 the materiality and material issues have been addressed in the loan file; and

&nbsp;&nbsp;&nbsp;&nbsp;6. Addressed
 all red flag issues.

**Additional Review**

Selene's review procedures also included:

&nbsp;&nbsp;&nbsp;&nbsp;1. A
 review of the completeness and accuracy of the information obtained in the mortgage origination
 process;

&nbsp;&nbsp;&nbsp;&nbsp;2. A
 review of closing documents to ensure that the mortgage file information is complete,
 accurate, and consistent with other documents in the mortgage file;

&nbsp;&nbsp;&nbsp;&nbsp;3. Selene
 will review the mortgage file documents to determine that the mortgage was properly underwritten;

&nbsp;&nbsp;&nbsp;&nbsp;4. Verification
 that the DTI, LTV, asset reserves, property type, transaction type (maximum loan amount,
 loan purpose, occupancy, etc.), and FICO scores meet or exceed the guideline requirements;

&nbsp;&nbsp;&nbsp;&nbsp;5. Verification
 that all borrowers are eligible based on the guidelines and information in the loan file;
 and

&nbsp;&nbsp;&nbsp;&nbsp;6. Verify
 there is appropriate documentation present to confirm that applicable documents have
 been recorded or have been sent for recording.

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**APPENDIX B – COMPLIANCE REVIEW SCOPE**

Selene reviewed the Non-QM loans to determine, as applicable, to the extent possible and/or applicable and subject to the caveats below, whether the loan complies with:

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

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

i) failure to provide the right of rescission notice;

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

iii) errors in the right of rescission notice;

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

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

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

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

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

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

ii) proper execution by all required parties;

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

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

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

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

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

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

i) 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;e) <u>Higher-priced Mortgage Loan (§1026.35):</u> 

i) APR threshold test; and <br> ii) compliance with the escrow account and appraisal requirements.

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

i) review relevant documentation to determine if compensation to a Loan Originator was based on a term of the transaction; <br> ii) review relevant document to determine if there was dual compensation; and

Page **10** of **15**

COLT 2026-5 Executive Summary (Selene Diligence LLC)

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j) review
 for presence of mortgage loan originator organization and individual mortgage loan originator name and NMLSR ID, as applicable,
 on the credit application, note or mortgage loan contract, security instrument, Loan Estimate and Closing Disclosure;
 and (ii) verify the data against the NMLSR database, as available.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

vi) with respect to tolerance violations based on the disclosed charges on the LE and CD and other applicable exceptions, confirm that the creditor cured or remediated the violations in accordance with the Structured Finance Association TRID 4.0, as may be updated from time to time.

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

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

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

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

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

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

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

**4.** **The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution.** 

**5.** **Federal and state specific high-cost provisions, as further enumerated in Schedule 1, attached hereto.** 

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**SCHEDULE I**

&nbsp;&nbsp;&nbsp;&nbsp;1. AL
 Consumer Credit License- Mortgage Broker License

&nbsp;&nbsp;&nbsp;&nbsp;2. AK
 Small Loan Act-Mortgage Broker/Lender License-Mortgage Lending Regulation License<br>
 Registered Depository Institution Registration

&nbsp;&nbsp;&nbsp;&nbsp;3. AR
 Home Loan Protection Act

&nbsp;&nbsp;&nbsp;&nbsp;4. AZ
 Mortgage Banker & Broker License-Consumer Lender License

&nbsp;&nbsp;&nbsp;&nbsp;5. CA
 AB 489/344 (Division 1.6 of the Financial Code)

&nbsp;&nbsp;&nbsp;&nbsp;6. CO
 Consumer Equity Protection Article

&nbsp;&nbsp;&nbsp;&nbsp;7. CO
 Consumer Credit Code

&nbsp;&nbsp;&nbsp;&nbsp;8. DE
 Licensed Lender License Broker License Lender License

&nbsp;&nbsp;&nbsp;&nbsp;9. Washington,
 DC Home Loan Protection Act of 2002

&nbsp;&nbsp;&nbsp;&nbsp;10. Washington,
 DC Mortgage Disclosure Act of 2007

&nbsp;&nbsp;&nbsp;&nbsp;11. FL
 Fair Lending Act

&nbsp;&nbsp;&nbsp;&nbsp;12. GA
 Fair Lending Act (pre- and post-amendments)

&nbsp;&nbsp;&nbsp;&nbsp;13. HW
 Financial Services Loan Company License -Mortgage Broker and Solicitor License- Foreign
 Lender License - Mortgage Loan Originator Company License

&nbsp;&nbsp;&nbsp;&nbsp;14. ID
 Residential Mortgage Practices Act - (Home Loan Practices article)

&nbsp;&nbsp;&nbsp;&nbsp;15. IN
 Home Loan Practices Article

&nbsp;&nbsp;&nbsp;&nbsp;16. IA
 Mortgage Banker License Regulated Loan License - Industrial Loan License - Mortgage Banker
 Registrant- Mortgage Broker License- Master Loan Company Registration<br>
 Nonprofit Mortgage Banker Registrant

&nbsp;&nbsp;&nbsp;&nbsp;17. KS
 Consumer Credit Code - Kansas Supervised Lenders License- - Consumer credit code 16-207

&nbsp;&nbsp;&nbsp;&nbsp;18. LA
 Residential Mortgage Lending License - Consumer Loan License- Licensed Lender License

&nbsp;&nbsp;&nbsp;&nbsp;19. MA
 Mortgage Lender and Broker Regulations

&nbsp;&nbsp;&nbsp;&nbsp;20. MD
 Commercial Law amended by Maryland Senate Bill 270

&nbsp;&nbsp;&nbsp;&nbsp;21. Maryland
 Regulations under the Maryland Mortgage Lender Law HB 649 - 363amendments, and COMAR

&nbsp;&nbsp;&nbsp;&nbsp;22. MI
 Consumer Mortgage Protection Act

&nbsp;&nbsp;&nbsp;&nbsp;23. MN
 Mortgage Originator and Servicer Licensing Act

&nbsp;&nbsp;&nbsp;&nbsp;24. MS
 Residential Mortgage Company License - Mortgage Lender License - Mortgage Broker Licen

&nbsp;&nbsp;&nbsp;&nbsp;25. MO
 Mortgage Company License

&nbsp;&nbsp;&nbsp;&nbsp;26. MT
 - Consumer Loan License - Residential Mortgage Lender License-Mortgage Broker License<br>
 Mortgage Lender License

&nbsp;&nbsp;&nbsp;&nbsp;27. NC
 Rate Spread Home Loan Provisions (original 2008 provisions and 2009, 2013 amendments)

&nbsp;&nbsp;&nbsp;&nbsp;28. ND
 Money Broker License

&nbsp;&nbsp;&nbsp;&nbsp;29. NE
 Mortgage Bankers Registration and Licensing Act

&nbsp;&nbsp;&nbsp;&nbsp;30. NH
 First Mortgage Banker License – Second Mortgage Home Loan – Mortgage Banker
 License – Mortgage Broker License

&nbsp;&nbsp;&nbsp;&nbsp;31. NJ
 Home Ownership Security Act 2002 (pre- and post-amendments)

&nbsp;&nbsp;&nbsp;&nbsp;32. NM
 Home Loan Protection Act (pre- and post-amendments)

&nbsp;&nbsp;&nbsp;&nbsp;33. OH
 Consumer Sales Practices Act

&nbsp;&nbsp;&nbsp;&nbsp;34. Cleveland
 Heights, OH Ordinance Prohibiting Predatory Loans

&nbsp;&nbsp;&nbsp;&nbsp;35. Summit
 County, OH Consumer Affairs Board Ordinance

&nbsp;&nbsp;&nbsp;&nbsp;36. Summit
 County, OH Consumer Protection Ordinance

&nbsp;&nbsp;&nbsp;&nbsp;37. OK
 Home Ownership and Equity Protection Act (original provisions & 2009 higher-priced
 amendments)

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&nbsp;&nbsp;&nbsp;&nbsp;38. OR
 Consumer Finance License – Consumer Finance Registration – Mortgage Lender
 License

&nbsp;&nbsp;&nbsp;&nbsp;39. PA
 Consumer Equity Protection Act

&nbsp;&nbsp;&nbsp;&nbsp;40. RI
 Home Loan Protection Act and Regulation 3

&nbsp;&nbsp;&nbsp;&nbsp;41. SD
 Mortgage Lender License – Mortgage Broker License

&nbsp;&nbsp;&nbsp;&nbsp;42. TN
 Home Loan Protection Act

&nbsp;&nbsp;&nbsp;&nbsp;43. UT
 Residential Mortgage Practices and Licensing Act

&nbsp;&nbsp;&nbsp;&nbsp;44. VA
 Mortgage Lender and Broker Act

&nbsp;&nbsp;&nbsp;&nbsp;45. WA
 House Bill 2770, Mortgage Lending and Homeownership, Chapter 108, Laws of 2008 –
 Consumer Loan Company License – Mortgage Broker License

&nbsp;&nbsp;&nbsp;&nbsp;46. WV
 Residential Mortgage Lender, Broker and Servicer Act

&nbsp;&nbsp;&nbsp;&nbsp;47. WY
 Consumer Credit Code – Registered Consumer Loan Lender – Mortgage Lender
 Broker License

<u>The following state **specific** regulations which address high cost, higher priced and anti-predatory lending.</u>

&nbsp;&nbsp;&nbsp;&nbsp;1. CA
 AB 260 (Division 1.9 of the Financial Code) higher-priced mortgage loan provisions -
 Anti-Predatory Lending Statute - Amendment

&nbsp;&nbsp;&nbsp;&nbsp;2. CT
 Abusive Home Lending Practices Act

&nbsp;&nbsp;&nbsp;&nbsp;3. CT
 Nonprime Home Loans Statute

&nbsp;&nbsp;&nbsp;&nbsp;4. IL
 Office of Banks and Real Estate High Risk Home Loan Regulations

&nbsp;&nbsp;&nbsp;&nbsp;5. IL
 High Risk Home Loan ActL Predatory Lending Database Program

&nbsp;&nbsp;&nbsp;&nbsp;6. Chicago,
 IL Predatory Lending Ordinance

&nbsp;&nbsp;&nbsp;&nbsp;7. Cook
 County, IL Predatory Lending Ordinance

&nbsp;&nbsp;&nbsp;&nbsp;8. KY
 Predatory Lending and High Cost Home Loan Act (pre- and post-amendments)

&nbsp;&nbsp;&nbsp;&nbsp;9. ME
 Title 9-A Residential Mortgage Loan, High-Rate, High-Fee Provisions, High Cost, Subprime,
 Rate Spread Home Loan, and Higher-Priced Mortgage Loan Provisions (original 2003 provisions
 and 2008, 2009, 2011 & 2013 amendments)

&nbsp;&nbsp;&nbsp;&nbsp;10. MA
 High Cost Home Loan Regulations (pre- and post-amendments) - MA Predatory Home Loan Practices
 Act - MA 209 CMR 32.35 Higher-Priced Mortgage Loan Provisions - MA "Borrower's
 Interest" Standard

&nbsp;&nbsp;&nbsp;&nbsp;11. Maryland
 Regulations for Higher Priced Mortgage Loans, as promulgated under the Maryland Mortgage
 Lender Law

&nbsp;&nbsp;&nbsp;&nbsp;12. NC
 Restrictions and Limitations of Home Loans and High-Cost Home Loans

&nbsp;&nbsp;&nbsp;&nbsp;13. NV
 Unfair Lending Practices Act – Anti Predatory Lending Law

&nbsp;&nbsp;&nbsp;&nbsp;14. NY
 GRBB Part 41 (pre- and post-amendments)

&nbsp;&nbsp;&nbsp;&nbsp;15. NY
 Banking Law 6-L

&nbsp;&nbsp;&nbsp;&nbsp;16. NY
 Banking Law 6-M

&nbsp;&nbsp;&nbsp;&nbsp;17. OH
 Anti - Predatory Lending Act (pre- and post-amendments)

&nbsp;&nbsp;&nbsp;&nbsp;18. Cleveland
 Heights, OH Ordinance Prohibiting Predatory Loans

&nbsp;&nbsp;&nbsp;&nbsp;19. RI
 Providence Ordinance Regarding Predatory Lending (post-amendment)

&nbsp;&nbsp;&nbsp;&nbsp;20. SC
 High-Cost and Consumer Home Loan Act (original provisions & 2010 ARM amendments)

&nbsp;&nbsp;&nbsp;&nbsp;21. TX
 Home Loan and High Cost Home Loan Act

&nbsp;&nbsp;&nbsp;&nbsp;22. UT
 High Cost Home Loan Act

&nbsp;&nbsp;&nbsp;&nbsp;23. VT
 High Rate Loans

&nbsp;&nbsp;&nbsp;&nbsp;24. VI
 VA SB 797 Hight Risk Mortgage – Mortgage Broker License

&nbsp;&nbsp;&nbsp;&nbsp;25. WI
 Responsible High Cost Mortgage Lending Act

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**APPENDIX C – VALUATION REVIEW SCOPE**

Selene reviewed the valuation materials utilized during the origination of the loan which confirmed the value of the underlying property. Selene verified the appraisal report was (i) on the appropriate GSE form, (ii) materially complete, (iii) in conformity with the guideline requirements for the property type in question, (iv) completed by an appraiser that was actively licensed to perform the valuation, (v) completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, (vi) made and signed prior to the final approval of the mortgage loan application, (vii) completed and dated within the guidelines restrictions, (vii) made on an "as is" basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities; and (viii) noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying the Client of same.

If more than one valuation is provided for review, Selene confirmed consistency among the valuation products and if there are discrepancies that cannot be resolved, Selene created an exception and worked with the Client on the next steps, which may include ordering of additional valuation products such as collateral desktop analyses, broker's price opinions, and full appraisals. If the property valuation products included in Selene's review results in a variance of more than 10% then the Client shall be notified of such variance and a second independent valuation product shall be ordered. On all loans, Selene makes a determination as to whether appraised value is supported based on documentation available at the time of review and adds exceptions or comments as appropriate.

Selene confirmed consistency among the valuation products and where applicable, if there was a discrepancy in value between two appraisals in the form of a variance greater than 10%, Selene would review the file for a desktop analysts/evaluation of the appraisals and determine which appraised value was used for qualification purposes. If there were discrepancies that could not be resolved, Selene created an exception and worked with the client on the next steps for resolution.

Disclaimer

○ The individuals performing the aforementioned original appraisal assessment are not persons providing valuations for purposes of the Uniform Standards of Professional Appraisal Practice ("USPAP") or necessarily licensed as appraisers under Federal or State law, and the services being performed by such persons do not constitute "appraisal reviews" for purposes of USPAP or Federal or State law.

○ Selene makes no representation or warranty as to the value of any mortgaged property, notwithstanding that Selene may have reviewed valuation information for reasonableness.

○ Selene is not an 'AMC' (appraisal management company) and therefore Selene does not opine on the actual value of the underlying property.

● Selene is not a 'creditor' within the meaning of ECOA or other lending laws and regulations, and therefore Selene will not have any communication with or responsibility to any individual consumer concerning property valuation.

● Selene does not confirm whether the appraiser is on the Freddie Mac exclusionary list.

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COLT 2026-5 Executive Summary (Selene Diligence LLC)

## Exhibit 99.38

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.38**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** |
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Original Loan Amount** |
| XXXX | 4350121195 |  |  | XXXX D A |
| XXXX | 4350121204 |  |  | XXXX D C A B |
| XXXX | 4350121185 |  |  | XXXX D A B |
| XXXX | 4350121212 |  |  | XXXX C A B |
| XXXX | 4350121172 |  |  | XXXX D A |
| XXXX | 4350121174 |  |  | XXXX C D A |
| XXXX | 4350121203 |  |  | XXXX D A |
| XXXX | 4350121215 |  |  | XXXX D A |
| XXXX | 4350121225 |  |  | XXXX D A |
| XXXX | 4350121175 |  |  | XXXX C A D |
| XXXX | 4350121198 |  |  | XXXX D A B |
| XXXX | 4350121213 |  |  | XXXX D A |
| XXXX | 4350121209 |  |  | XXXX D A |
| XXXX | 4350121210 |  |  | XXXX D A |
| XXXX | 4350121234 |  |  | XXXX A C |
| XXXX | 4350121228 |  |  | XXXX A |
| XXXX | 4350121207 |  |  | XXXX D A B |
| XXXX | 4350121173 |  |  | XXXX C A B |
| XXXX | 4350121214 |  |  | XXXX A |
| XXXX | 4350121181 |  |  | XXXX D A |
| XXXX | 4350121226 |  |  | XXXX D A |
| XXXX | 4350121220 |  |  | XXXX D C A |
| XXXX | 4350121200 |  |  | XXXX D A |
| XXXX | 4350121229 |  |  | XXXX B A |
| XXXX | 4350121208 |  |  | XXXX B A |
| XXXX | 4350121206 |  |  | XXXX C A B |
| XXXX | 4350121230 |  |  | XXXX A |
| XXXX | 4350121231 |  |  | XXXX C A D |
| XXXX | 4350121219 |  |  | XXXX C A |
| XXXX | 4350121187 |  |  | XXXX D A B |
| XXXX | 4350121217 |  |  | XXXX C A B |
| XXXX | 4350121216 |  |  | XXXX B A |
| XXXX | 4350121177 |  |  | XXXX C A B |
| XXXX | 4350121221 |  |  | XXXX C A |
| XXXX | 4350121186 |  |  | XXXX A |
| XXXX | 4350121197 |  |  | XXXX D A |
| XXXX | 4350121191 |  |  | XXXX A |
| XXXX | 4350121192 |  |  | XXXX A |
| XXXX | 4350121224 |  |  | XXXX C A |
| XXXX | 4350121188 |  |  | XXXX B A |
| XXXX | 4350121183 |  |  | XXXX C D A |
| XXXX | 4350121233 |  |  | XXXX C A |
| XXXX | 4350121179 |  |  | XXXX C A D |
| XXXX | 4350121178 |  |  | XXXX D A |
| XXXX | 4350121227 |  |  | XXXX C A |
| XXXX | 4350121205 |  |  | XXXX D C A B |
| XXXX | 4350121196 |  |  | XXXX A |
| XXXX | 4350121180 |  |  | XXXX C A |
| XXXX | 4350121218 |  |  | XXXX A |
| XXXX | 4350121190 |  |  | XXXX A D |
| XXXX | 4350121223 |  |  | XXXX A |
| XXXX | 4350121194 |  |  | XXXX C A B |
| XXXX | 4350121176 |  |  | XXXX A |
| XXXX | 4350121184 |  |  | XXXX C A |
| XXXX | 4350121202 |  |  | XXXX A |
| XXXX | 4350121193 |  |  | XXXX B A |
| XXXX | 4350121211 |  |  | XXXX C A B |
| XXXX | 4350121199 |  |  | XXXX A |
| XXXX | 4350121222 |  |  | XXXX D A |
| XXXX | 4350121237 |  |  | XXXX A |
| XXXX | 4350121189 |  |  | XXXX D A |
| XXXX | 4350121182 |  |  | XXXX A C |
| XXXX | 4350121201 |  |  | XXXX D B A |
| XXXX | 4350121232 |  |  | XXXX D A |
| XXXX | 4350121235 |  |  | XXXX A |
| XXXX | 4350121236 |  |  | XXXX C D A |

---

## Exhibit 99.39

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.39**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Seller** | **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Queue** | **Created Date** | **Last Modified Date** | **Finding Status** | **Event Level** | **Finding Category** | **Finding Sub Category** | **Finding Name** | **Reviewer Comments** | **Seller Comments** | **Finding Resolution** | **Finding Document** | **Reviewer Comp Factors** | **Originator Comp Factors** | **State** | **Occupancy** | **Loan Purpose** | **Refinance Purpose** | **Unique Finding ID** | **Acknowledged / Waived By** | **Waiver in File?** |
| XXXX | XXXX | 4350121195 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX <br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Received Business Narrative. - Due Diligence Vendor-XXXX | Business Narrative Letter - signed.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121204 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Requested asset depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX <br> Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Asset depletion worksheet - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Requested asset depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved' - Due Diligence Vendor-XXXX | Supplemental Asset Depletion Calculator.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121204 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Insufficient Tolerance Cure (XXXX) | Resolved- - Due Diligence Vendor-XXXX <br> Resolved- - Due Diligence Vendor-XXXX <br> Ready for Review-A Lender Credit for Excess Charges of ($XXXX), Principal Reduction for Excess Charges of ($XXXX), and general or specific lender credit increases of ($XXXX) were applied to the total fee variance of ($XXXX) between the baseline disclosure and the last Closing Disclosure. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. - Due Diligence Vendor-XXXX <br> Ready for Review-A Lender Credit for Excess Charges of ($XXXX), Principal Reduction for Excess Charges of ($XXXX), and general or specific lender credit increases of ($XXXX) were applied to the total fee variance of ($XXXX) between the baseline disclosure and the last Closing Disclosure. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. See attached and clear please - Seller-XXXX<br> Counter- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX <br> Counter-Provide updated COC due to increase in discount points after XXXX - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open-dup finding - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open-A Lender Credit for Excess Charges of (XXXX), Principal Reduction for Excess Charges of ($XXXX), and general or specific lender credit increases of ($XXXX) were applied to the total fee variance of ($XXXX) between the baseline disclosure and the last Closing Disclosure. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. Points-Loan Discount Fee increased from $XXXX to $XXXX. Required updated COC - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached and clear please - Seller-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved- - Due Diligence Vendor-XXXX | Change of Circumstance Form.pdf<br> LOX XXXX.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121204 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | Mavent | XXXX Fee Not Allowed- Underwriting Fee (Fee ID: 8) | Resolved-Section 3:1-16.2 of the XXXX (XXXX) does not allow Underwriting Fee (Fee ID: XXXX) to be charged to the Borrower in XXXX. - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Resolved- - Due Diligence Vendor-XXXX<br> Resolved- - Due Diligence Vendor-XXXX<br> Ready for Review-Can you please clear as this was rescinded? - Seller-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Rescinded-dup finding - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see the attached final CD - The borrower was charged for an application fee rather than an underwriting fee - Thank you! - Seller-XXXX<br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX<br> Open-Section 3:1-16.2 of the XXXX (XXXX) does not allow Underwriting Fee (Fee ID: XXXX) to be charged to the Borrower in XXXX. XXXX does not allow Underwriting Fee to be charged to the Borrower in XXXX. - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Can you please clear as this was rescinded? - Seller-XXXX<br> Ready for Review-Document Uploaded. Please see the attached final CD - The borrower was charged for an application fee rather than an underwriting fee - Thank you! - Seller-XXXX | Resolved-Section 3:1-16.2 of the XXXX Mortgage Loans, Fees, Obligations Provisions (XXXXA.C. 3:1-16.2) does not allow Underwriting Fee (Fee ID: XXXX) to be charged to the Borrower in XXXX. - Due Diligence Vendor-XXXX<br> Resolved- - Due Diligence Vendor-XXXX<br> Rescinded-dup finding - Due Diligence Vendor-XXXX | Closing Disclosure (CD) - Final.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121204 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Narrative rec'd/resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide Business Narrative - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Narrative rec'd/resolved - Due Diligence Vendor-XXXX | i - Business Narrative - signed.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121204 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI Requirements | Open-Audited DTI of 54.13% exceeds Guideline DTI of 50% Exception provided on page #XXXX. Exception Request for DTI exceeds 50% (55%), also Self-Employment income is less than 30% of the total qualifying income, and depletion is under a 25% portion. We are using various incomes beyond the self-employed source. Title also shows a deferred COVID second lien which is now being paid off, but added deferred principal XXXX years ago (forbearance given for a few months, no reported lates from current first lien). - Due Diligence Vendor-XXXX |  |  |  |  | 65% LTV is below the maximum 70% LTV by 5%.<br> Borrower has been employed in same career for XXXX years. | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121185 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Requested 3rd party VOE provided, updated & condition resolved.<br> - Due Diligence Vendor-XXXX<br> Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Borrower 2 3rd Party VOE Prior to Close Missing Provide VOE for Borrower 2. VOE provided has expired. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Requested 3rd party VOE provided, updated & condition resolved.<br> - Due Diligence Vendor-XXXX<br> Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-XXXX | LLC_XXXX_Articles of Organization.pdf<br> LLC_XXXX_Good Standing.pdf<br> LLC_XXXX_Certificate of Assumed Name.pdf |  |  | XXXX | Second Home | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121185 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Requested business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Requested business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX | Narrative.pdf |  |  | XXXX | Second Home | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121185 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV Exceeds Guideline LTV Exception provided on page #XXXX. Exception Request asking for exception to grant 90% LTV on Prime Alt Doc purchase, mid score XXXX is below the XXXX requirement. - Due Diligence Vendor-XXXX |  | Waived-Audited LTV Exceeds Guideline LTV Exception provided on page #XXXX. Exception Request asking for exception to grant 90% LTV on Prime Alt Doc purchase, mid score XXXX is below the XXXX requirement. - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> 40.22% DTI is below the maximum 50% DTI by 9.78%.<br> 0x30 mortgage history for 82 months.<br> Monthly reserves is verified and at least 4 months more than the guideline minimum.<br>| XXXX | Second Home | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121212 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Missing subject rental income documentation | Resolved-Requested STR documents provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide short term rental documentation used to qualify in the amount of $XXXX.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Requested STR documents provided, updated & condition resolved. - Due Diligence Vendor-XXXX | STR XXXX Short term Rental.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121212 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Property | Appraisal | Property/Appraisal General | Waived-Exception provided on page #XXXX. Exception Request for unique property. (Log Cabin with 1 unit ADU). There a not any comps in area for a log cabin with an ADU. - Due Diligence Vendor-XXXX |  | Waived-Exception provided on page #XXXX. Exception Request for unique property. (Log Cabin with 1 unit ADU). There a not any comps in area for a log cabin with an ADU. - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> 80% LTV is equal to the maximum of 80% LTV .<br> XXXX Representative credit score exceeds the minimum required of XXXX by XXXX points.<br> Qualifying DSCR is higher than 1. And at least .1 higher than guidelines.<br> Monthly reserves is verified and at least 4 months more than guideline minimum. <br>| XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121172 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | DSCR is less than 1.00 | Resolved-Master building coverage provided, resolved. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Master Policy and HO 6. All in the closing package - Seller-XXXX<br> Counter-Missing HOI dec page showing coverage amounts. - Due Diligence Vendor-XXXX <br> Ready for Review-Is the Master Insurance Policy. Using the 17.17% - Seller-XXXX<br> Counter-Missing XXXX other monthly. It looks as if this if an additional HOI as there is a invoice in the file but it does not include dwelling coverage or anything else just an invoice. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Taxes (uploaded) Unit XXXX is 17.17% XXXX x 17.17% = XXXX/12 = XXXX = (We used XXXX to qualify) . - Seller-XXXX <br> Open-Missing proof of the tax amount paid by borrower and the $XXXX other monthly. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Master Policy and HO 6. All in the closing package - Seller-XXXX<br> Ready for Review-Is the Master Insurance Policy. Using the 17.17% - Seller-XXXX <br> Ready for Review-Document Uploaded. Taxes (uploaded) Unit XXXX is 17.17% XXXX x 17.17% = XXXX/12 = XXXX = (We used XXXX to qualify) . - Seller-XXXX | Resolved-Master building coverage provided, resolved. - Due Diligence Vendor-XXXX | XXXX_Taxes_XXXX.pdf<br> XXXX_insurance.pdf |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121172 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Tax certificate provided, resolved. - Due Diligence Vendor-XXXX<br> Resolved-Evidence of Property Tax is present - Due Diligence Vendor-XXXX<br> Ready for Review-Uplaoded - Seller-XXXX<br> Open-Missing Evidence of Property Tax Missing property tax information. - Due Diligence Vendor-XXXX | Ready for Review-Uplaoded - Seller-XXXX | Resolved-Tax certificate provided, resolved. - Due Diligence Vendor-XXXX<br> Resolved-Evidence of Property Tax is present - Due Diligence Vendor-XXXX |  |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121172 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-Requested BPA document provided, Updated & Condition Resolved - Due Diligence Vendor-XXXX<br> Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is DSCR.) - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Uploaded. In was in the closing doc's page XXXX. - Seller-XXXX<br> Open-The 1008 Page Loan Type is 'DSCR' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. Final Business Purpose Affidavit Disclosure is missing from file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Uploaded. In was in the closing doc's page XXXX. - Seller-XXXX | Resolved-Requested BPA document provided, Updated & Condition Resolved - Due Diligence Vendor-XXXX<br> Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is DSCR.) - Due Diligence Vendor-XXXX | XXXX_Business PUrpose.pdf |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121174 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (XXXX) | Resolved-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX <br> Resolved- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Resolved-COC provided - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. The Initial LE dated XXXX discloses a Lender Credit of - $XXXX (FLOATING)<br> The Revised LE dated XXXX discloses Discount Points of $XXXX (LOCKED) > COC attached<br> - Seller-XXXX<br> Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The<br> following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a<br> particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new<br> disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs<br> above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. The Initial LE dated XXXX discloses a Lender Credit of - $XXXX (FLOATING)<br> The Revised LE dated XXXX discloses Discount Points of $XXXX (LOCKED) > COC attached<br> - Seller-XXXX | Resolved-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - Due Diligence Vendor-XXXX<br> Resolved-COC provided - Due Diligence Vendor-XXXX | COC.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121174 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID | Federal - Closing Disclosure and Consummation Date | Resolved-The Initial Closing Disclosure Received Date of (XXXX) is not three business days before the consummation date of (XXXX). Three business days before the consummation date is (XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) i - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Resolved-Document Uploaded. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. The ICD sent on XXXX reflects the correct APR of 6.512% so there wouldn't have been a new wait period. Per TRID, the only items that would require a new wait period are APR increasing .125% or more, true program change and/or Prepayment penalty added. <br> Please be advised that the changes that took place on XXXX are reflected on the COC form, however, none of these changes triggered a new 3-day wait period, therefore the earliest allowable closing date would be XXXX. <br> - Seller-XXXX <br> Counter-The Initial Closing Disclosure Received Date of (XXXX) is not three business days before the consummation date of (XXXX). Three business days before the consummation date is (XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. XXXX CD - Seller-XXXX<br> Counter-Is there another disclosure floating around? Updated Initial Disclosure sent shows a closing date of XXXX with a disbursement date of XXXX. However, PCCD reflects the closing date as XXXX with a disbursement date of XXXX - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Initial CD XXXX - Seller-XXXX<br> Open-The Initial Closing Disclosure Received Date of (XXXX) is not three business days before the consummation date of (XXXX). Three business days before the<br> consummation date is (XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three<br> business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. The ICD sent on XXXX reflects the correct APR of XXXX% so there wouldn't have been a new wait period. Per TRID, the only items that would require a new wait period are APR increasing .125% or more, true program change and/or Prepayment penalty added. <br> Please be advised that the changes that took place on XXXX are reflected on the COC form, however, none of these changes triggered a new 3-day wait period, therefore the earliest allowable closing date would be XXXX. <br> - Seller-XXXX<br> Ready for Review-Document Uploaded. XXXX CD - Seller-XXXX<br> Ready for Review-Document Uploaded. Initial CD XXXX - Seller-XXXX | Resolved-The Initial Closing Disclosure Received Date of (XXXX) is not three business days before the consummation date of (XXXX). Three business days before the consummation date is (XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) i - Due Diligence Vendor-XXXX <br> Resolved-Document Uploaded. - Due Diligence Vendor-XXXX | XXXX ICD XXXX.pdf<br> XXXX XXXX CD.pdf<br> XXXX ICD XXXX.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121174 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br> Open-Per the GL XXXX page # XXXX a clear fraud report is required. The Fraud report in file (page #XXXX) is showing high 1 uncleared alert. The required cleared Fraud report is missing.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX | Cleared Alerts.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121174 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Fannie SSR - Seller-XXXX<br> Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 The file is missing secondary valuation or additional valuation. Provide a FNMA or FHLMC UCDP/SSR report with a score less than 2.5, or an appraisal desk review.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Fannie SSR - Seller-XXXX | Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX | XXXX Fannie SSR.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121203 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received business narratives. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide Business Narrative for B1 and B2. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Received business narratives. - Due Diligence Vendor-XXXX | audit log Business Narrative.pdf<br>B2 BUSINESS NARRATIVE.pdf<br>i-B1 Business Narrative.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121215 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative received. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Counter-Unable to open file format .docx. Please convert to PDF. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX <br> Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Business Narrative received. - Due Diligence Vendor-XXXX | LOX - Business Narrative.docx<br>Business Narrative.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121215 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Requested bank statement income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Bank Statement income worksheet. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Requested bank statement income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br> Resolved-Validation Resolved' - Due Diligence Vendor-XXXX | Bank Statement Calculator_2.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121225 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Homeowners Association Questionnaire | Resolved-Received condo questionnaire and approval. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX <br> Open-Provide Condo Questionnaire. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Received condo questionnaire and approval. - Due Diligence Vendor-XXXX | Condo - Freddie CPA_2.pdf<br>Condo Questionnaire-Lenders Disclosure.pdf<br>Condo - Fannie CPM_2.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121225 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Doc Issue | Missing asset documentation (ATR) | Resolved-Received 1031 Exchange document. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. see attached - Seller-XXXX<br> Open-Provide documentation to support 1031 Exchange proceeds in the amount of $XXXX. Received estimated buyer's statement, need Final. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. see attached - Seller-XXXX | Resolved-Received 1031 Exchange document. - Due Diligence Vendor-XXXX | 1031 Exchange Documents-UPDATED ACCOUNT BALANCE.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121175 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information B A | Credit | Credit Worthiness | Mortgage history for primary residence less than 12 months | Resolved-Received VOM updated credit page. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. VOR for housing history - Seller-XXXX<br> Counter-Is in file but need 12 months of housing payments being made Only have 9 with credit report - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Months Rev is incorrect. Acct opened XXXX, Note for this was delivered in file supporting when opened. This should be sufficient to show 12 months. - Seller-XXXX <br> Open-Delinquent Credit History Does Not Meet Guideline Requirements Provide primary housing history for 12 months, only 10 months history only available in credit report, mortgage loan opened on XXXX - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. VOR for housing history - Seller-XXXX<br> Ready for Review-Document Uploaded. Months Rev is incorrect. Acct opened XXXX, Note for this was delivered in file supporting when opened. This should be sufficient to show 12 months. - Seller-XXXX | Resolved-Received VOM updated credit page. - Due Diligence Vendor-XXXX | Housing History.pdf<br>VOR.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121175 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | DTI discrepancy or failure. | Resolved-Received updated worksheet and 1008 updated 1008 and employment page DTI is in line. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Updated Income worksheet with 1008 - Seller-XXXX<br> Open-DTI discrepancy or Failure - Audited DTI is 19.25 % and lender DTI is 17.33. the difference is 1.92. This is because lender considered qualifying income as $XXXX whereas per our review it is $XXXX, (Lender not consider the expense ratio)<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated Income worksheet with 1008 - Seller-XXXX | Resolved-Received updated worksheet and 1008 updated 1008 and employment page DTI is in line. - Due Diligence Vendor-XXXX | Income Analyzer Worksheet.pdf<br>1008.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121175 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-There are uncleared alerts in fraud, Provided Updated Fraud report, Updated & Condition Resolved - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br> Open-Per the GL XXXX page # XXXX a clear fraud report is required. The fraud report in file (page # XXXX) is showing uncleared alert, provide updated fraud report.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX | Resolved-There are uncleared alerts in fraud, Provided Updated Fraud report, Updated & Condition Resolved - Due Diligence Vendor-XXXX | Cleared Alerts.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121175 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Requested secondary valuation provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Freddie SSR - Seller-XXXX <br> Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide Secondary Valuation or Additional Valuation (with acceptable variance to Primary) per guideline requirements and CU Score, if present, is greater than 2.5 - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Freddie SSR - Seller-XXXX | Resolved-Requested secondary valuation provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX | Freddie SSR.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121198 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Third Party Market Rent Source (IE. XXXX, XXXX, etc.) | Resolved-Short Term Rent analysis provided. - Due Diligence Vendor-XXXX<br> Resolved-Requested STR docs provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br> Open-Third party market rent estimate is missing, a document establishing third party market rent source is missing from file, such as a 1007, 1025, etc. Finding added Missing rental documentation used to qualify Rental Income in the amount of $XXXX - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Short Term Rent analysis provided. - Due Diligence Vendor-XXXX<br> Resolved-Requested STR docs provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved - Due Diligence Vendor-XXXX | XXXX-F2 1007 Short-Term Rent Schedule (STR F.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121198 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Condo project is ineligible | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX<br> Waived-Exception provided on page #XXXX. Exception Request for Condo exception - the XXXX budget does not allocate to ongoing reserves. The Project does demonstrate financial stability by holding a current reserve balance of $XXXX. - Due Diligence Vendor-XXXX |  | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX<br> Waived-Exception provided on page #XXXX. Exception Request for Condo exception - the XXXX budget does not allocate to ongoing reserves. The Project does demonstrate financial stability by holding a current reserve balance of $XXXX. - Due Diligence Vendor-XXXX |  |  | XXXX Representative credit score exceeds the minimum required of XXXX by XXXX points<br> $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 4 months over the required minimum.<br>| XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121213 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received business narrative. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Received business narrative. - Due Diligence Vendor-XXXX | Buss Narr.pdf<br>Business Narrative.pdf |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121209 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Primary Housing is verified to be owned Free & Clear, Housing History Meets Guideline Requirements, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX<br> Open-Housing History Does Not Meet Guideline Requirements Provide 12 months VOM for primary housing or proof of property being owned free and clear. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX | Resolved-Primary Housing is verified to be owned Free & Clear, Housing History Meets Guideline Requirements, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX | Letter of Explanation from Lender.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121209 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Business Narrative uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX | Business Narrative.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121209 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Trade line count does not meet program requirements | Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br> Open-Provide verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX | XXXX taxes.pdf<br> XXXX Tax bill vacant land.pdf<br> XXXX ins policy.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121209 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br> Open-Missing verification of taxes for property XXXX/XXXX XXXX XXXX <br> Missing verification of taxes, insurance for property XXXX XXXX XXXX of $XXXX - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX | XXXX taxes.pdf<br> XXXX Tax bill vacant land.pdf<br> XXXX ins policy.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121210 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Properties owned free and clear. - Due Diligence Vendor-XXXX<br> Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX<br> Open-Housing History Does Not Meet Guideline Requirements Provide 12 months VOM for primary housing or proof of property being owned free and clear. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX | Resolved-Properties owned free and clear. - Due Diligence Vendor-XXXX <br> Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX | Letter of Explanation from Lender.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121210 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Eligibility | Business Entity EIN Number Missing | Resolved-Received EIN number. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br> Open-Provide Business Entity EIN. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Received EIN number. - Due Diligence Vendor-XXXX | Self Employment Verification.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121210 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Trade line count does not meet program requirements | Resolved-Received full divorce decree evidencing payments. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br> Open-Provide supporting documentation for monthly payment of $XXXX per 1003. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Received full divorce decree evidencing payments. - Due Diligence Vendor-XXXX | Divorce Decree_2.pdf<br>Divorce Decree_3.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121210 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX uploaded, Verified - Resolved <br>- Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br> Open-Provide verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX uploaded, Verified - Resolved <br>- Due Diligence Vendor-XXXX | XXXX taxes.pdf<br> XXXX Tax bill vacant land.pdf<br> XXXX ins policy.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121210 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. please see attached - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. please see attached - Seller-XXXX | Resolved-Business Narrative uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX | Business Narrative.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121234 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information B A | Compliance | Missing Doc | Missing Anti-Steering Disclosure | Resolved-Anti-Steering Disclosure provided. Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Anti-Steering Disclosure - Seller-XXXX<br> Open-Provide Anti-Steering document as broker fees are paid by lender, however anti-steering document is not included in the file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Anti-Steering Disclosure - Seller-XXXX | Resolved-Anti-Steering Disclosure provided. Resolved - Due Diligence Vendor-XXXX | XXXX.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121234 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (XXXX) | Resolved-Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. COC - Seller-XXXX <br> Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). Lender credits are decreased from $XXXX (revised CD) to $XXXX (final CD). Provide a valid COC for final CD to cure this. - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. COC - Seller-XXXX | Resolved-Resolved - Due Diligence Vendor-XXXX | XXXX COC XXXX.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121234 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | Closing | The Deed of Trust is Not Executed | Resolved-The Deed of Trust is Executed - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. DOT - Seller-XXXX<br> Open-The Deed of Trust is Not Executed Provide updated DOT as the one in file is missing B1 and B2 signatures on page # XXXX. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. DOT - Seller-XXXX | Resolved-The Deed of Trust is Executed - Due Diligence Vendor-XXXX | DOT.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121207 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Received Final 1003. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-The Final 1003 is Missing Provide Final 1003. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Received Final 1003. - Due Diligence Vendor-XXXX | 1003 - Uniform Residential Loan Application - XXXX.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121207 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide 3rd Party VOE Prior to Close. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX | XXXX XXXX XXXX Management VOE - XXXX.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121207 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV of 90% exceeds Guideline LTV of 85% With a qualifying FICO score of XXXX, the maximum allowable LTV for an Alt Doc loan is 85%. However, the loan is qualified at 90% LTV. An exception for the 90% LTV has been provided on page XXXX under the Exception Request, despite the credit score being XXXX. - Due Diligence Vendor-XXXX |  | Waived-Audited LTV of 90% exceeds Guideline LTV of 85% With a qualifying FICO score of XXXX, the maximum allowable LTV for an Alt Doc loan is 85%. However, the loan is qualified at 90% LTV. An exception for the 90% LTV has been provided on page XXXX under the Exception Request, despite the credit score being XXXX. - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 6 months over the required minimum.<br> Borrower has been employed in same career for XXXX years.<br> Borrower has verified residual income (disposable income) of at $XXXX per month. | XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121173 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Fees: Limited | Resolved- - Due Diligence Vendor-XXXX<br> Resolved- - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. PCCD - Seller-XXXX<br> Counter-provide PCCD - Due Diligence Vendor-XXXX<br> Resolved- - Due Diligence Vendor-XXXX<br> Open-The total amount of the 10% category fees on the last Closing Disclosure ($XXXX) has increased by more than 10% over the current baseline value of ($XXXX). The total amount of fees in the 10% category cannot exceed ($XXXX). The following fee(s) have either increased from their baseline disclosure or have been recently added: (Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). Required A valid COC for Recording Fee increase more than 10% on Final CD XXXX - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. PCCD - Seller-XXXX | Resolved- - Due Diligence Vendor-XXXX | PCCD.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121173 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Fees: Limited | Resolved- - Due Diligence Vendor-XXXX <br> Resolved- - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-The total amount of the 10% category fees ($XXXX) has increased by more than 10% over the current baseline value of ($XXXX). The total amount of fees in the 10% category cannot exceed ($XXXX). The following fee(s) have either increased from their baseline disclosure or have been recently added: (Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). A valid COC required for Recording Fee, finding in place hence rescinded - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved- - Due Diligence Vendor-XXXX | Comment to Clear.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121173 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Assets | Asset 9 Does Not Meet Guideline Requirements | Waived-lender waived with comp factors - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Exception Approval attached for use of Gift funds - Seller-XXXX<br> Open-Asset 9 Does Not Meet Guideline Requirements Per GL's 1.1.2.1 gift funds are not allowed for loans over $XXXX - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Exception Approval attached for use of Gift funds - Seller-XXXX | Waived-lender waived with comp factors - Due Diligence Vendor-XXXX | Exception Approval.pdf |  | LVT 52.7 % and guideline max is 90%<br> FICO is XXXX and guideline min is XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121173 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Assets | Asset 8 Does Not Meet Guideline Requirements | Waived-lender waived guideline with comp factors - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Exception Approval attached for use of Gift funds - Seller-XXXX<br> Open-Asset 8 Does Not Meet Guideline Requirements Per GL's 1.1.2.1 gift funds are not allowed for loans over $XXXX - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Exception Approval attached for use of Gift funds - Seller-XXXX | Waived-lender waived guideline with comp factors - Due Diligence Vendor-XXXX | Exception Approval.pdf |  | LVT 52.7 % and guideline max is 90%<br> FICO is XXXX and guideline min is XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | Originator Post-Close | Yes |
| XXXX | XXXX | 4350121181 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX<br> Open-The fraud report in file (page # XXXX) is showing 1 high uncleared alert. The required clear fraud report is missing from file.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX | Cleared Alerts.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121181 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | 1008 Document is Missing | Resolved-1008 Document uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX<br> Open-The 1008 document is missing from the loan file. Provide 1008 document as it is missing in the file - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX | Resolved-1008 Document uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX | 1008.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121226 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Homeowners Association Questionnaire | Resolved-HOA Questionnaire is Present - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Counter-Received condo invoice for payment. Still need Condo Questionnaire and/or Condo approval certificate. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-HOA Questionnaire is Missing or Partial. Provide Condo Questionnaire and/or Condo approval certificate. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-HOA Questionnaire is Present - Due Diligence Vendor-XXXX | Invoice - master Cert.pdf<br>Condo - Freddie CPA.pdf<br>Condo - Fannie CPM.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121226 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Open-Housing History Does Not Meet Guideline Requirements Provide 12 month housing history for XXXX XXXX XXXX or proof of property being owned free and clear. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX | REO - XXXX - Note.pdf<br> REO - XXXX - Transfer Letter.pdf<br> REO - XXXX - PR.pdf<br> REO - XXXX - TI Escrowed.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121226 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Business Narrative uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX | Business Narrative.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121220 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Insufficient Change of Circumstance (XXXX) | Resolved-Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Provide COC. Points - Loan Discount Fee Increased from $XXXX to $XXXX on XXXX. COC received on XXXX with points fee change. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Resolved - Due Diligence Vendor-XXXX | Changed Circumstances.pdf<br>Loan Estimate.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121220 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Requested Business narrative provided in findings, updated & condition resolved. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Requested Business narrative provided in findings, updated & condition resolved. - Due Diligence Vendor-XXXX | Business Narrative.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121220 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Requested 3rd party VOE prior to close provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br> Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide 3rd Party VOE prior to closing. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Requested 3rd party VOE prior to close provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX | XXXX 3rd Party Phone Number.pdf<br> VOE - 3rd Party Phone Number.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121200 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Third Party Market Rent Source (IE. XXXX, XXXX, etc.) | Resolved-Requested Short term rental income documents provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX<br> Open-Third party market rent estimate is missing, a document establishing third party market rent source is missing from file, such as a 1007, 1025, etc. Provide Rental documentation used to qualify in the amount of $XXXX.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX | Resolved-Requested Short term rental income documents provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved - Due Diligence Vendor-XXXX | XXXX-F2 1007 Short-Term Rent Schedule (STR F.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121229 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Credit | Tradeline minimum has not met guidelines | Waived-Exception provided on page #XXXX. Exception Request for 1) Not meeting the minimum tradeline requirement, borrower only has 1 account open for full length, but was closed in XXXX, after reported for XXXX months. All other accounts have been open for less than XXXX months. - Due Diligence Vendor-XXXX |  | Waived-Exception provided on page #XXXX. Exception Request for 1) Not meeting the minimum tradeline requirement, borrower only has 1 account open for full length, but was closed in XXXX, after reported for XXXX months. All other accounts have been open for less than XXXX months. - Due Diligence Vendor-XXXX |  |  | 70.93% LTV is below the maximum 75% LTV by 4.07%.<br> XXXX Representative credit score exceeds the minimum required of XXXX by XXXX points<br> $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 15 months over the required minimum.<br>| XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121229 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Property | Property | Property has been listed for sale in the past 6 months | Waived-Exception provided on page #XXXX. Exception Request for 2) Property recently listed for sale within past 6 months - Due Diligence Vendor-XXXX |  | Waived-Exception provided on page #XXXX. Exception Request for 2) Property recently listed for sale within past 6 months - Due Diligence Vendor-XXXX |  |  | DSCR ratio of 1.00 exceeds the minimum requirement of 0.75 by 0.25 points.<br> $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 15 months over the required minimum. | XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121229 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Property | Appraisal | Property/Appraisal General | Waived-Exception provided on page #XXXX. Exception Request for 3) Property bought inXXXX in name of LLC where borrower was only 50% owner, another transfer occurred XXXX into the present LLC where borrower is sole owner - Due Diligence Vendor-XXXX |  | Waived-Exception provided on page #XXXX. Exception Request for 3) Property bought in XXXX in name of LLC where borrower was only 50% owner, another transfer occurred XXXX into the present LLC where borrower is sole owner - Due Diligence Vendor-XXXX |  |  | 70.93% LTV is below the maximum 75% LTV by 4.07%.<br> XXXX Representative credit score exceeds the minimum required of XXXX by XXXX points<br> $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by XXXX months over the required minimum.<br>| XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121208 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Condo project is ineligible | Waived-Exception provided on page #XXXX. Exception Request for Condo exception - Project has outstanding critical repairs that consist of a failing retaining wall. The subject unit is part of the outstanding repairs as the wall runs behind the unit. The cost and ETA of completion are to be determined as the HOA is still obtaining bids and interviewing engineers. Once a company is chosen, they will move forward. The project completion is expected to take about XXXX weeks once started. Each unit has a supplemental fee of $XXXX to be applied to the cost of the wall. - Due Diligence Vendor-XXXX |  | Waived-Exception provided on page #XXXX. Exception Request for Condo exception - Project has outstanding critical repairs that consist of a failing retaining wall. The subject unit is part of the outstanding repairs as the wall runs behind the unit. The cost and ETA of completion are to be determined as the HOA is still obtaining bids and interviewing engineers. Once a company is chosen, they will move forward. The project completion is expected to take about XXXX weeks once started. Each unit has a supplemental fee of $XXXX to be applied to the cost of the wall. - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> 61.38% LTV is below the maximum 75% LTV by 13.62%.<br> 38.46% DTI is below the maximum 45% DTI by 6.54%. | XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121206 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Audited FICO is less than Guideline requirements | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX<br> Open-FICO value does not meet Guideline requirements Audited FICO of XXXX does not meet minimum required XXXX per GL's. - Due Diligence Vendor-XXXX |  | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  |  | 55% LTV is below the maximum 70% LTV by 15%.<br> Primary Residence Free and Clear.<br> Prior mortgage history 0x30 mortgage history for XXXX months. | XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121231 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-Updated HOI rec'd/resolved - Due Diligence Vendor-XXXX<br> Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'No') - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Hazard Insurance Coverage Amount of $XXXX is less than Required Coverage Amount of $XXXX and Guaranteed Replacement Coverage indicator is 'No' Hazard Insurance Coverage is less than Required Coverage Amount of $XXXX. Required RCE or updated document - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Updated HOI rec'd/resolved - Due Diligence Vendor-XXXX<br> Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'No') - Due Diligence Vendor-XXXX | 770f0759-1e9a-489b-8505-400ae71ee1cf.pdf<br> b7b32854-cb3f-4502-a98e-82c3048a2d55.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121231 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation (CDA) uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Secondary Property Valuation document missing in file. Please provide. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Secondary Valuation (CDA) uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX <br> Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX | CDA - Collateral Desktop Appraisal.pdf |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121219 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | DSCR Does Not Meet Guideline Requirements | Resolved-DSCR STR analysis rec'd/resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Per UW: "Disagree with findings - Rental income is Short Term rental income - see attached Short term rental income analysis report supporting annual estimated rental income which includes occupancy rate $XXXX/ 12 months = $ XXXX per month used to qualify. Appraisal market rent is not based on short term rental - using STR report analysis which includes consideration for the occupancy rate." - Seller-XXXX <br> Open-Audited DSCR 1.334 does not match UW DSCR of 2.39 per 1008. Audited DSCR Calculated using 125% of 1007 market Rent per GL of $XXXX / pitia $XXXX = 1.281 DSCR. UW DSCR using full STR of $XXXX / pitia $XXXX=2.3999. Please provide Exception allowing use of full STR estimate $XXXX or updated OW DSCR using Max allowed 1007 marker rent $XXXX - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Per UW: "Disagree with findings - Rental income is Short Term rental income - see attached Short term rental income analysis report supporting annual estimated rental income which includes occupancy rate $ XXXX/ 12 months = $ XXXX per month used to qualify. Appraisal market rent is not based on short term rental - using STR report analysis which includes consideration for the occupancy rate." - Seller-XXXX | Resolved-DSCR STR analysis rec'd/resolved - Due Diligence Vendor-XXXX | DSCR 2.35.pdf<br>Appraisal - Short Term Rental Form (STR).pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121219 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information B A | Credit | Missing Doc | Approval/Underwriting Summary Partially Provided | Resolved-STR Analysis rec'd/resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide 12 month STR Analysis form Opteon used to calculate DSCR - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-STR Analysis rec'd/resolved - Due Diligence Vendor-XXXX | Appraisal - Short Term Rental Form (STR).pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121187 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Audited DTI Exceeds Guideline DTI Client elects to waive with the following compensating factors. - Due Diligence Vendor-XXXX |  | Waived-Audited DTI Exceeds Guideline DTI Client elects to waive with the following compensating factors. - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> Credit Score is XXXX. Minimum required per guidelines is XXXX.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 9 months.<br> Borrower has worked in same industry more than 5 years. | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121187 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narratives. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Received Business Narratives. - Due Diligence Vendor-XXXX | XXXX Farms Business Narrative.pdf<br> XXXX Realty Business Narrative.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121217 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Ineligible Housing History per program guidelines | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX<br> Open-2 x 30 x 12 exceeds allowable lates of 1 x 30 x 12 per guidelines. - Due Diligence Vendor-XXXX |  | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  |  | $XXXX reserves (not including Cash Out) exceed the minimum required of $XXXX exceeds the minimum by 9 months over the required minimum.<br> XXXX Representative credit score exceeds the minimum required of XXXX by 40 points | XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121216 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Exception provided on page #XXXX. Exception request for loan amount less than $XXXX program minimum - Due Diligence Vendor-XXXX |  | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Exception provided on page #XXXX. Exception request for loan amount less than $XXXX program minimum - Due Diligence Vendor-XXXX |  |  | XXXX Representative credit score exceeds the minimum required of XXXX by 40 points<br> $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 14 months over the required minimum.<br>| XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121216 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Ineligible Housing History per program guidelines | Waived-Housing History Does Not Meet Guideline Requirements Exception provided on page #XXXX. Exception to allow overall mortgage history with 3x30 lates within past 12 months - Due Diligence Vendor-XXXX |  | Waived-Housing History Does Not Meet Guideline Requirements Exception provided on page #XXXX. Exception to allow overall mortgage history with 3x30 lates within past 12 months - Due Diligence Vendor-XXXX |  |  | XXXX Representative credit score exceeds the minimum required of XXXX by 40 points<br> $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 14 months over the required minimum. | XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121177 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Ineligible Borrower per program guidelines | Waived- - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Exception Approval Attached - Seller-XXXX<br> Open-Borrower Type ineligible per program guidelines. Missing approved Lender's Exception as per 1008 - Subject transaction is investment property for a FTHB - Guidelines allow primary residence only for FTHB - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Exception Approval Attached - Seller-XXXX | Waived- - Due Diligence Vendor-XXXX | Exception Approval.pdf |  | 80% LTV is below the maximum 85% LTV by 5%.<br> 29.34% DTI is below the maximum 43% DTI by 13.66%.<br> XXXX Representative credit score exceeds the minimum required of XXXX by 34 points<br> $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 20 months over the required minimum.<br>| XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121221 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-Evidence of GRC rec'd/resolved - Due Diligence Vendor-XXXX<br> Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'Yes') - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX <br> Open-Hazard Insurance Coverage Amount of $XXXX is less than Required Coverage Amount of $XXXX and Guaranteed Replacement Coverage indicator is 'N/A' The Hazard Insurance coverage amount of $XXXX is less than the loan amount of $XXXX, and Guaranteed Replacement Coverage is also not available. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Evidence of GRC rec'd/resolved - Due Diligence Vendor-XXXX<br> Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'Yes') - Due Diligence Vendor-XXXX | HOI - EOI XXXXK.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121221 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Missing subject rental income documentation | Resolved-Short Term Rental Analysis uploaded, Verified - Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-DSCR qualifies using short-term rental income; however, supporting documentation is missing. DSCR was verified based on the provided DSCR worksheet and 1008 UW comments. Please provide STR Analysis - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Short Term Rental Analysis uploaded, Verified - Resolved - Due Diligence Vendor-XXXX | Appraisal - Short Term Rental.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121197 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Rate lock received. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Provide Evidence of rate lock. Only received float agreement. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Rate lock received. - Due Diligence Vendor-XXXX | Lock-In Agreement.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121197 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Received Business Narrative. - Due Diligence Vendor-XXXX | Business Narrative.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121224 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Disaster report received. No damage reported. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Property potentially affected by FEMA Disaster ID XXXX. SEVERE STORMS FLOODING LANDSLIDES AND MUDSLIDES XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Disaster report received. No damage reported. - Due Diligence Vendor-XXXX | XXXX-XXXX, XXXX V1.pdf |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121224 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Doc Issue | HOA Fee Difference | Resolved-Requested updated 1008 with updated HOA fee of $XXXX provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-HOA Fee difference exsits between validated HOA and documents 1008 has HOA fee listed as $XXXX, Appraisal shows $XXXX. Provide documentation of higher HOA. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Requested updated 1008 with updated HOA fee of $XXXX provided, updated & condition resolved. - Due Diligence Vendor-XXXX | 1008 Transmittal Summary_2.pdf |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121188 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited FICO is less than Guideline requirements | Waived-Audited FICO of XXXX is less than Guideline FICO of XXXX Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  | Waived-Audited FICO of XXXX is less than Guideline FICO of XXXX Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> Borrower(s) have 10.95 months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower has worked in same job for XXXX years. | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121188 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Loan does not conform to program guidelines Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> Borrower(s) have 10.95 months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower has worked in same job for XXXX years.<br>| XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | DTI unknown | Resolved-No Change the other loan was cancelled - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. The 1008 wasn't updated properly, the other property ended up being commercial. The 1008 was updated and there is no change to the 1003 <br>- Seller-XXXX<br> Counter-Same 1003 is attached if there is a new property based on 1008 there is will need updated 1003 and 1008 - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. 1003 1008 - Seller-XXXX<br> Open-Based on 1008 borrower is purchasing another property at same time. Need updated 1003 with the other property and negative income if needed . - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. The 1008 wasn't updated properly, the other property ended up being commercial. The 1008 was updated and there is no change to the 1003 <br>- Seller-XXXX<br> Ready for Review-Document Uploaded. 1003 1008 - Seller-XXXX | Resolved-No Change the other loan was cancelled - Due Diligence Vendor-XXXX | Underwriting 1003 1008.pdf<br>Underwriting 1003 1008.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Previous Ho3 Policy dated XXXX to XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Hazard Insurance Effective Date of XXXX is after the Note Date ofXXXX Hazard insurance effective date of XXXX is after the note date of XXXX. Provide the HOI with effective date on or before closing date. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Previous Ho3 Policy dated XXXX to XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX | XXXX XXXX PAGE.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Fraud Report - Seller-XXXX<br> Open-Fraud Report Shows Uncleared Alerts Per the GL XXXX page # XXXX a clear fraud report is required. The fraud report in file (page # XXXX) is showing 1 high uncleared alert. The required cleared report is missing.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Fraud Report - Seller-XXXX | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX | Fraud.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Partially Provided | Resolved-Received and updated disclosure page - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Homeownership Counseling Disclosure is missing in file. Provide Homeownership Counseling Disclosure. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Received and updated disclosure page - Due Diligence Vendor-XXXX | Homeownership Counseling.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing Service Provider List | Resolved-Received providers list - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Service Provider List - Seller-XXXX<br> Open-Settlement Service Provider List is missing. Provide Settlement Service Provider List - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Service Provider List - Seller-XXXX | Resolved-Received providers list - Due Diligence Vendor-XXXX | Service Provider List.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | XXXX Home Equity Receipt Of Documents is Missing | Resolved-Received receipt of XXXX Equity docs - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. XXXX Home Equity Receipt Of Documents - Seller-XXXX<br> Open-XXXX Home Equity Receipt Of Documents is Missing. Provide XXXX Home Equity Receipt Of Documents . - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. XXXX Home Equity Receipt Of Documents - Seller-XXXX | Resolved-Received receipt of XXXX Equity docs - Due Diligence Vendor-XXXX | Receipt of Document Copies.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Disclosure | Missing Intent to Proceed | Resolved-Received and updated disclosure page - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Missing Signed Intent to Proceed Disclosure. Required on Primary Residence and Second Homes. Signed Intent to Proceed Disclosure is missing. Provide Signed Intent to Proceed Disclosure - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Received and updated disclosure page - Due Diligence Vendor-XXXX | Intent to Proceed.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information B A | Compliance | Missing Doc | Missing Anti-Steering Disclosure | Resolved-Received Anti updated disclosure page - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Antisteering - Seller-XXXX<br> Open-Anti-Steering Disclosure is missing. Provide Anti-Steering Disclosure. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Antisteering - Seller-XXXX | Resolved-Received Anti updated disclosure page - Due Diligence Vendor-XXXX | Antisteering.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | Compliance | TRID LE date violation; missing initial Loan Estimate. Unable to determine TRID date of compliance. | Resolved-Received Initial LE updated TRID - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Initial LE - Seller-XXXX<br> Open-One in file initial Loan Estimate is missing. Provide Initial LE. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Initial LE - Seller-XXXX | Resolved-Received Initial LE updated TRID - Due Diligence Vendor-XXXX | Initial LE.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121183 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | The Initial 1003 is Missing | Resolved-Received Initial 1003 updated initial date - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Initial 1003 - Seller-XXXX<br> Open- Initial 1003 is missing in file. Provide Initial 1003 document. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Initial 1003 - Seller-XXXX | Resolved-Received Initial 1003 updated initial date - Due Diligence Vendor-XXXX | Initial 1003.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121233 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Requested updated title report with updated coverage amount that covers loan amount provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. FTP - Seller-XXXX<br> Open-Title Coverage Amount of $XXXX is Less than Loan Amount Provide updated title with the coverage amount as the provided one on page XXXX not reflecting loan amount. <br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. FTP - Seller-XXXX | Resolved-Requested updated title report with updated coverage amount that covers loan amount provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX | ALTA Lenders_(XXXX).pdf |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121233 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-PDI received clear from storm damage - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Disaster Report attached - Seller-XXXX<br> Open-Fail Potential FEMA. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Disaster Report attached - Seller-XXXX | Resolved-PDI received clear from storm damage - Due Diligence Vendor-XXXX | Disaster Report.pdf |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121179 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Requested alerts cleared fraud report provided, updated & condition resolved.<br> - Due Diligence Vendor-XXXX<br> Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX<br> Open-Fraud Report Shows Uncleared Alerts Per the GL XXXX page # XXXX a clear fraud report is required. The fraud report in file (page # XXXX) is showing 2 high uncleared alert. The required cleared report is missing.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX | Resolved-Requested alerts cleared fraud report provided, updated & condition resolved.<br> - Due Diligence Vendor-XXXX<br> Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX | Cleared Alerts.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121179 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Received secondary updated property page. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Freddie SSR - LCA Score of 1 - Seller-XXXX<br> Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide a FNMA or FHLMC UCDP/SSR report with a score less than 2.5, or an appraisal desk review as the CU in file shows risk score of 2.9<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Freddie SSR - LCA Score of 1 - Seller-XXXX | Resolved-Received secondary updated property page. - Due Diligence Vendor-XXXX | XXXX_Freddie SSR.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121178 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Updated fraud report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br> Open-Missing Third Party Fraud Report - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX | Resolved-Updated fraud report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX | Cleared Alerts.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121178 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | 1008 Document is Missing | Resolved-1008 Document uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. 1008 - Seller-XXXX<br> Open-The 1008 document is missing from the loan file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. 1008 - Seller-XXXX | Resolved-1008 Document uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX | XXXX 1008.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121227 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Requested STR documents with highest short term rent provided, using which DSCR coming more than 1% hence LTV is increased to 80% which is more than qualifying LTV of 75%, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Audited LTV of 75% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. using str income to qualify. i have attached str for review. - Seller-XXXX<br> Open-Audited LTV Exceeds Guideline LTV Audited LTV of 75% Exceeds Guideline LTV 70% for a DSCR <1.0. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. using str income to qualify. i have attached str for review. - Seller-XXXX | Resolved-Requested STR documents with highest short term rent provided, using which DSCR coming more than 1% hence LTV is increased to 80% which is more than qualifying LTV of 75%, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Audited LTV of 75% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-XXXX | XXXX-F2 1007 Short-Term Rent Schedule (STR F.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121227 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | DSCR Calculation Undocumented | Resolved-Requested DSCR calculation sheet provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide DSCR worksheet. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Requested DSCR calculation sheet provided, updated & condition resolved. - Due Diligence Vendor-XXXX | Income Calculation Worksheet.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121205 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Income/Employment | Income/Employment General | Waived-Use of supplemental Asset Depletion income as a 10% portion which does not meet or exceed 25% of the total gross income overall - Due Diligence Vendor-XXXX<br> Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  | Waived-Use of supplemental Asset Depletion income as a 10% portion which does not meet or exceed 25% of the total gross income overall - Due Diligence Vendor-XXXX<br> Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> 53.19% LTV is below the maximum 75% LTV by 21.81%.<br> XXXX Representative credit score exceeds the minimum required of XXXX by 34 points. | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121205 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Assets | Asset General | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX<br> Ready for Review-please advise what is needed, clarification as to the the issue as this appears to be more of a statement then a deficiency - Seller-XXXX<br> Open-An exception provided in findings says "The borrower took 2 initial distributions from new auto-pay from his retirement account and now has XXXX months continuance as of the closing date", Recommends waiving. - Due Diligence Vendor-XXXX | Ready for Review-please advise what is needed, clarification as to the the issue as this appears to be more of a statement then a deficiency - Seller-XXXX | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  |  | 53.19% LTV is below the maximum 75% LTV by 21.81%.<br> XXXX Representative credit score exceeds the minimum required of XXXX by 34 points | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | No |
| XXXX | XXXX | 4350121205 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Requested full exception provided, updated exception in separate condition & resolved this condition. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Provide clarification on the Exception form. The last sentence is not complete. It reads, "The borrower took 2 initial". Need to verify if another exception needs to be added. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Requested full exception provided, updated exception in separate condition & resolved this condition. - Due Diligence Vendor-XXXX | Copy of XXXX Exception Form (XXXX XXXX_XXXX.pdf |  |  | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121205 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Insufficient Change of Circumstance (XXXX) | Resolved-COC received. - Due Diligence Vendor-XXXX<br> Resolved-Resolved - Due Diligence Vendor-XXXX<br> Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Provide COC. Points - Loan Discount Fee increased from $252.00 to $2,236.80. - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-COC received. - Due Diligence Vendor-XXXX<br> Resolved-Resolved - Due Diligence Vendor-XXXX | Changed Circumstances_2.pdf |  |  | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121205 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Requested self employment business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Requested self employment business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX | Business Narrative.pdf |  |  | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121205 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Requested asset depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Missing income calculator for Asset Depletion income. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Requested asset depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved' - Due Diligence Vendor-XXXX | Asset Depletion Calculator_5.pdf<br>Income Calculation Worksheet Self Employed.pdf |  |  | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121205 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Cash Out is not completed according to the guideline requirements Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  | Waived-Cash Out is not completed according to the guideline requirements Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> 53.19% LTV is below the maximum 75% LTV by 21.81%.<br> XXXX Representative credit score exceeds the minimum required of XXXX by 34 points.<br>| XXXX | Second Home | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121180 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br> Open-Fraud Report Shows Uncleared Alerts Per the GL XXXX page # XXXX a clear fraud report is required. The Fraud report in file (page XXXX) is showing high 1 uncleared alert. The required cleared Fraud report is missing.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br> Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX | Cleared Alerts.pdf |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121190 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Received rate lock. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Missing Evidence of Rate lock. Only received Float agreement. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Received rate lock. - Due Diligence Vendor-XXXX | Lock-In Agreement.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121194 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Deficient subject rental income documentation. | Resolved-proof sec dep rec'd/resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-As per guideline page#XXXX , If the lease rent amount used in DSCR calculation is higher than market rents. Provide 2 months proof of receipt of rent payments. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-proof sec dep rec'd/resolved - Due Diligence Vendor-XXXX | Security Deposit-1st month rent.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121194 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Exception provided on page #XXXX. Exception request for 75% LTV with current credit score of XXXX - normally requires XXXX score for the LTV - Due Diligence Vendor-XXXX |  | Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Exception provided on page #XXXX. Exception request for 75% LTV with current credit score of XXXX - normally requires XXXX score for the LTV - Due Diligence Vendor-XXXX |  |  | 0x30 mortgage history for 66 months.<br> XXXX Representative credit score exceeds the minimum required of XXXX by 14 points | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121184 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID | Final CD: Closing Cost Detail fee(s) not disclosed in the proper section based on ability to shop | Resolved-PCCD provided - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Updated PCCD - Seller-XXXX<br> Open-As per Final CD page XXXX Title Fee Closing protection letter reflecting in B section is paid to provider XXXX that's not on provider List page XXXX, but the Fee is still in Section B, Move the Fee to Section C or Provide updated service provider. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated PCCD - Seller-XXXX | Resolved-PCCD provided - Due Diligence Vendor-XXXX | Loan_XXXX_POSTCLOSE_XXXXT17_41_XXXX.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121184 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-File has Appraisal with estimate cost new amount. Hence resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Seller Certificate - Seller-XXXX<br> Open-Hazard Insurance Coverage Amount of $XXXX is less than Required Coverage Amount of $XXXX and Guaranteed Replacement Coverage indicator is 'No' Provide updated hazard insurance or RC document as the provided insurance on page XXXX dwelling not covering the loan amount.<br>- Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Seller Certificate - Seller-XXXX | Resolved-File has Appraisal with estimate cost new amount. Hence resolved - Due Diligence Vendor-XXXX | XXXX_Seller Certificate.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121184 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated fraud report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX<br> Open-Fraud Report Shows Uncleared Alerts Per the GL XXXX page # XXXX a clear fraud report is required. The fraud report in file (page # XXXX) is showing uncleared alert, provide updated fraud report.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX | Resolved-Updated fraud report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX | Cleared Alerts.pdf |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121193 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client elects to waive with the following compensating factors - Due Diligence Vendor-XXXX<br> Waived-Loan does not conform to program guidelines Exception on page XXXX<br> The conversion from SFR to a 4 unit property was just completed and the borrower currently has 1 unit leased out and is in the process of leasing out the other units, but do not have them leased yet. The borrower will be renting at the appraisal market rent of 2 x $XXXX and 2 x $XXXX from the 4 units. Looking to use the Estimated rent of $XXXX for calculating the DSCR while the other 3 units are still being placed. - Due Diligence Vendor-XXXX |  | Waived-Client elects to waive with the following compensating factors - Due Diligence Vendor-XXXX<br> Waived-Loan does not conform to program guidelines Exception on page XXXX<br> The conversion from SFR to a 4 unit property was just completed and the borrower currently has 1 unit leased out and is in the process of leasing out the other units, but do not have them leased yet. The borrower will be renting at the appraisal market rent of 2 x $XXXX and 2 x $XXXX from the 4 units. Looking to use the Estimated rent of $XXXX for calculating the DSCR while the other 3 units are still being placed. - Due Diligence Vendor-XXXX |  |  | Credit Score is 792. Minimum required per guidelines is 720.<br> Borrower(s) have 34.07 months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 70 months. Housing History required per guidelines is 0X30, 12 months. | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121211 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Missing subject rental income documentation | Resolved-Short Term Rent Analysis Document uploaded, Verified - Resolved - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-As per the 1008 UW comment and the DSCR worksheet, rental income is considered from XXXX short-term rental; Provide XXXX STR Analysis used to qualify. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Short Term Rent Analysis Document uploaded, Verified - Resolved - Due Diligence Vendor-XXXX | XXXX- Short Term Rental praisal.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121211 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Loan does not conform to program guidelines Exception on page#XXXX<br> Condo exception - Project has outstanding critical repairs. The milestone phase 1 report shows there is structural deterioration - Concrete spalling, delamination, and exposed corroding reinforcing steel. The HOA is in the process of finalizing its shoring and restoration recommendations with deliverables expected between XXXX- XXXX. Construction will begin right after. The reserve study also showed the seawalls to be replaced in XXXX - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception on page#XXXX<br> Condo exception - Project has outstanding critical repairs. The milestone phase 1 report shows there is structural deterioration - Concrete spalling, delamination, and exposed corroding reinforcing steel. The HOA is in the process of finalizing its shoring and restoration recommendations with deliverables expected between XXXX- XXXX. Construction will begin right after. The reserve study also showed the seawalls to be replaced in XXXX - Due Diligence Vendor-XXXX |  |  | Credit Score is XXXX. Minimum required per guidelines is XXXX.<br> Borrower(s) have 14.44 months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months. | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121222 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID | Final CD: File # is missing | Resolved-Received Final CD with Security Instrument information completed on pXXXX. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX<br> Open-Provide completed Final CD. Page XXXX is missing the Security Interest details information. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX | Resolved-Received Final CD with Security Instrument information completed on p4. - Due Diligence Vendor-XXXX | Closing Disclosure (CD) - Final_2.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121222 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Requested executed DOT provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br> Open-The Deed of Trust is Missing Provide executed Deed of Trust. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Requested executed DOT provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br> Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX | Mortgage - Deed of Trust.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121222 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Requested Income Calculation Worksheet provided, updated & Condition Resolved - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br> Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Asset depletion income worksheet. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Requested Income Calculation Worksheet provided, updated & Condition Resolved - Due Diligence Vendor-XXXX<br> Resolved-Validation Resolved' - Due Diligence Vendor-XXXX | Asset Depletion Calculator.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121189 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Appraisal deficiency. | Resolved-Received corrected Appraisal with PUD check marked. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-PUD rider is included in file; however, the appraisal report does not have the PUD box selected. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Received corrected Appraisal with PUD check marked. - Due Diligence Vendor-XXXX | 905c625f-ed2c-43a0-8b63-82be2ca59416.pdf<br>5ef998f3-7160-42fb-8b54-42cd445bf686.pdf<br>b9f9f618-b987-4c46-a71e-e24d62355783.pdf<br>d6692e26-e022-42d2-8ba6-5cebd583ba8a.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121189 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Requested full HOI policy provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Missing Hazard Insurance Policy Provide Hazard Insurance policy for subject property. Only received the receipt. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Requested full HOI policy provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-XXXX | Property Insurance - Hazard_2.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121189 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-Flood Certificate is fully present - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. See attached - Seller-XXXX<br> Open-Provide Flood Certificate for subject property. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX | Resolved-Flood Certificate is fully present - Due Diligence Vendor-XXXX | Flood Certificate.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121182 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan meets HPML Guidelines and is a Compliant HPML loan.<br> - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Resolved-\*\*The loan meets HPML Guidelines and is a Compliant HPML loan.<br> - Due Diligence Vendor-XXXX<br> Open-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC's, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s XXXX and the Final Closing disclosure on Pg#'s XXXX-XXXX reflects escrows. Rate lock date was entered correctly – see Pg#'s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX-XXXX , the appraisal disclosure was provided to the borrower(s)- see Pg#'s XXXX-XXXX , and copy of the appraisal was given to the borrower – see Pg#'s XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX |  | Resolved-The loan meets HPML Guidelines and is a Compliant HPML loan.<br> - Due Diligence Vendor-XXXX <br> Resolved-\*\*The loan meets HPML Guidelines and is a Compliant HPML loan.<br> - Due Diligence Vendor-XXXX |  |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121182 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien XXXX)(Conforming) | Resolved-The loan meets HPML Guidelines and is a Compliant HPML loan.<br> - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX <br> Resolved-\*\*The loan meets HPML Guidelines and is a Compliant HPML loan.<br> - Due Diligence Vendor-XXXX <br> Open-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (XXXX%) equals or exceeds the XXXX HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (XXXX%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC's, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s XXXX and the Final Closing disclosure on Pg#'s XXXX-XXXX reflects escrows. Rate lock date was entered correctly – see Pg#'s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX-XXXX , the appraisal disclosure was provided to the borrower(s)- see Pg#'s XXXX-XXXX , and copy of the appraisal was given to the borrower – see Pg#'s XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX<br> Open- - Due Diligence Vendor-XXXX |  | Resolved-The loan meets HPML Guidelines and is a Compliant HPML loan.<br> - Due Diligence Vendor-XXXX <br> Resolved-\*\*The loan meets HPML Guidelines and is a Compliant HPML loan.<br> - Due Diligence Vendor-XXXX |  |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121201 |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material B | Property | Appraisal | Property/Appraisal General | Waived-Condo exception - the Master Insurance is missing Ordinance or Law coverage. The HOA would need to <br> wait until renewal to add this coverage. The risk is lowered since this project is legally zoned per <br> appraisal. This project demonstrates financial stability by allocating 10% towards reserves annually and <br> hold a current reserve balance of $XXXX. - Due Diligence Vendor-XXXX<br> Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  | Waived-Condo exception - the Master Insurance is missing Ordinance or Law coverage. The HOA would need to <br> wait until renewal to add this coverage. The risk is lowered since this project is legally zoned per <br> appraisal. This project demonstrates financial stability by allocating 10% towards reserves annually and <br> hold a current reserve balance of $XXXX. - Due Diligence Vendor-XXXX<br> Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  |  | Client elects to waive with the following compensating factors:<br> 36.25% DTI is below the maximum 45% DTI by 8.75%.<br> XXXX Representative credit score exceeds the minimum required of XXXX by 130 points. | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350121201 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Requested business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br> Open-Provide Business Narrative. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Requested business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX | Business Narrative.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121201 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Requested lock confirmation with lock date provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br> Open-Provide Evidence of rate lock. Only received float agreement. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX | Resolved-Requested lock confirmation with lock date provided, updated & condition resolved. - Due Diligence Vendor-XXXX | Lock-In Agreement.pdf |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121232 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Provided Fraud shows uncleared alerts has been cleared. - Due Diligence Vendor-XXXX<br> Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br> Open-Missing Third Party Fraud Report Provide Third Party Fraud Report with uncleared alerts document as it is missing in the file - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX | Resolved-Provided Fraud shows uncleared alerts has been cleared. - Due Diligence Vendor-XXXX<br> Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX | Cleared Alerts.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121232 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Final 1003 document provided. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Final 1003 - Seller-XXXX<br> Open-The Final 1003 is Missing Provide Final 1003 document as it is missing in the file - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Final 1003 - Seller-XXXX | Resolved-Final 1003 document provided. - Due Diligence Vendor-XXXX | XXXX final URLA.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121232 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Updated Title Commitment uploaded, Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s), Verified - Resolved - Due Diligence Vendor-XXXX<br> Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Title Report showing $XXXX loan amount on page XXXX - Seller-XXXX<br> Open-Title Coverage Amount of $XXXX is Less than Loan Amount Provide updated Title document as the one in file is not showing coverage amount - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Title Report showing $XXXX loan amount on page XXXX - Seller-XXXX | Resolved-Updated Title Commitment uploaded, Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s), Verified - Resolved - Due Diligence Vendor-XXXX <br> Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX | XXXX Prelim XXXX.pdf |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121236 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Property inspection report dated XXXX states no damage noted with photos, property screen updated. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Disaster report - Seller-XXXX<br> Open-Property potentially affected by FEMA Disaster ID XXXX. SEVERE STORMS, FLOODING, LANDSLIDES, AND MUDSLIDES, XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Disaster report - Seller-XXXX | Resolved-Property inspection report dated XXXX states no damage noted with photos, property screen updated. - Due Diligence Vendor-XXXX | Disaster Report.pdf |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121236 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Provided Fraud shows All Fraud Report Alerts have been cleared or None Exist. - Due Diligence Vendor-XXXX<br> Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. cleared alert - Seller-XXXX<br> Open-Fraud Report Shows Uncleared Alerts Per the guideline Version XXXX on page#XXXX a clear fraud report is required. The fraud report in file pg#XXXX is showing a High alert. The required cleared report is missing.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. cleared alert - Seller-XXXX | Resolved-Provided Fraud shows All Fraud Report Alerts have been cleared or None Exist. - Due Diligence Vendor-XXXX<br> Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX | Cleared Alerts.pdf |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | XXXX | 4350121236 |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Requested DOT provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br> Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. Deed of Trust - Seller-XXXX<br> Open-Provide the DOT. - Due Diligence Vendor-XXXX<br> Open-The Deed of Trust is Missing Deed of Trust document missing - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Deed of Trust - Seller-XXXX | Resolved-Requested DOT provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br> Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX | Ingram_Deed of trust_Mortgage.pdf |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |

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## Exhibit 99.40

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.40**

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| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Total Adjusted Prior Purchase Price** | **Primary Appraised Value** | **Primary Appraisal Date** | **Primary Appraisal Type** | **Primary Appraisal Company** | **Primary Appraiser Name** | **Primary Appraiser License Number** | **Value for LTV** | **LTV** | **CLTV** | **Loan Reviewed Property Value** | **Loan Reviewed Variance Amount** | **Loan Reviewed Variance Percent** | **Loan Reviewed Product Type** | **Loan Post-Close Reviewed Property Value** | **Loan Post-Close Reviewed Variance Amount** | **Loan Post-Close Reviewed Variance Percent** | **Loan Post-Close Reviewed Product Type** | **Second Appraisal Value** | **Second Appraisal Variance Amount** | **Second Appraisal Variance Percent** | **Second Appraisal Date** | **Second Appraisal Type** | **AVM Appraised Value** | **AVM Variance Amount** | **AVM Variance Percent** | **AVM Confidence Score** | **FSD Score** | **AVM Company Name** | **AVM Product Name** | **AVM Appraisal Date** | **Desk Review Appraised Value** | **Desk Review Variance Amount** | **Desk Review Variance Percent** | **Desk Review Company** | **Desk Review Risk Score** | **Desk Review Appraisal Date** | **Desk Top Appraised Value** | **Desk Top Variance Amount** | **Desk Top Variance Percent** | **Desk Top Company** | **Desk Top Appraisal Date** | **BPO Appraised Value** | **BPO Variance Amount** | **BPO Variance Percent** | **BPO Company** | **BPO Appraisal Date** | **Field Review Appraised Value** | **Field Review Variance Amount** | **Field Review Variance Percent** | **Field Review Company** | **Field Review Appraisal Date** | **2055 Appraised Value** | **2055 Variance Amount** | **2055 Variance Percent** | **2055 Company** | **2055 Appraisal Date** | **AVE/CMA Appraised Value** | **AVE/CMA Variance Amount** | **AVE/CMA Variance Percent** | **AVE/CMA Company** | **AVE/CMA Appraisal Date** | **Completion Report (1004D) Date** | **Other Appraised Value** | **Other Variance Amount** | **Other Variance Percent** | **Other Appraisal Date** | **Updated Appraised Value** | **Updated Variance Amount** | **Updated Variance Percent** | **Updated Company** | **Updated Appraisal Date** | **Updated Appraisal Type** | **Loan Collateral Advisor Risk Score** | **Loan Collateral Advisor Risk Score Date** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score Date** |
| XXXX | 4350121195 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121204 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121185 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121212 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121172 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 58.6 | 58.6 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121174 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 40.1 | 40.1 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121203 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121215 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 69.4 | 69.4 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121225 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 58.3 | 58.3 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121175 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Loan Collateral Advisor (LCA) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | XXXXX |  |  |
| XXXX | 4350121198 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121213 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121209 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121210 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 63 | 63 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121234 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 53.3 | 53.3 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121228 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121207 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121173 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 52.7 | 52.7 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121214 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 52.6 | 52.6 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121181 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 47.9 | 47.9 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121226 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121220 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121200 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121229 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70.9 | 70.9 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121208 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 61.4 | 61.4 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121206 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 55 | 55 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX |  | XXXXX | XXXX | XXXX |
| XXXX | 4350121230 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 74.7 | 74.7 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121231 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121219 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121187 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121217 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121216 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 74.8 | 74.8 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121177 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121221 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121186 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121197 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 55.4 | 55.4 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121191 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121192 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121224 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 50 | 50 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121188 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121183 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121233 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 61.5 | 61.5 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121179 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Loan Collateral Advisor (LCA) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXXX | XXXXX | XXXXX |  |  |
| XXXX | 4350121178 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121227 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121205 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 53.2 | 53.2 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121196 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121180 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 38.9 | 38.9 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121218 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121190 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 85 | 85 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121223 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121194 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121176 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 52.4 | 52.4 | XXXX | XXXX | XXXX | AVM |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121184 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121202 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 50 | 50 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121193 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121211 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121199 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121222 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121237 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 69.8 | 69.8 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121189 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 44.1 | 44.1 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350121182 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 47 | 47 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121201 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121232 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 76.4 | 76.4 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121235 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |
| XXXX | 4350121236 |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 52.6 | 52.6 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |

---

## Exhibit 99.41

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt-abs15g.htm)

**Exhibit 99.41**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Transaction ID** | **Field Name** | **Source** | **Verified Value** | **Bid Tape Value** | **Comment** |
| XXXX | 4350121195 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is 12 Month Bank Statement |
| XXXX | 4350121185 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Confirmed Borrower qualifying income with 12 Month Bank Statement |
| XXXX | 4350121185 |  |  | XXXX | Borrower 2 Employer 1 Yrs on Job | XXXX | XXXX | XXXX | Confirmed Borrower 2 Employer 1 Yrs on Job updated as per Final 1003 |
| XXXX | 4350121212 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan type is DSCR |
| XXXX | 4350121212 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR |
| XXXX | 4350121172 |  |  | XXXX | Qualifying CLTV | XXXX | XXXX | XXXX | Calculated CLTV is 58.58 |
| XXXX | 4350121172 |  |  | XXXX | Qualifying LTV | XXXX | XXXX | XXXX | Calculated LTV is 58.58. |
| XXXX | 4350121172 |  |  | XXXX | Loan Purpose | XXXX | XXXX | XXXX | Loan is qualifying with No cash out borrower initiated. |
| XXXX | 4350121174 |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Updated as PUD as per 1004 document also PUD rider available in file. |
| XXXX | 4350121174 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Note date updated as per Note document. |
| XXXX | 4350121174 |  |  | XXXX | Interest Rate | XXXX | XXXX | XXXX | Interest rate updated as per Note document. |
| XXXX | 4350121174 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | 12 month bank statement used for Income qualification purpose. |
| XXXX | 4350121174 |  |  | XXXX | Qualifying Total Housing Expense PITIA | XXXX | XXXX | XXXX | True data has considered PITIA amount. |
| XXXX | 4350121174 |  |  | XXXX | Loan Program | XXXX | XXXX | XXXX | Loan program updated as per loan approval document |
| XXXX | 4350121203 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | B1 and B2 qualifying with 12 Month Bank Statement |
| XXXX | 4350121215 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Borrower qualifying with 12 Month Bank Statement |
| XXXX | 4350121225 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121225 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR |
| XXXX | 4350121175 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Note date is updated as per note document |
| XXXX | 4350121213 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Confirmed Verified Doc Type 12 Month Bank Statement |
| XXXX | 4350121209 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Confirmed Verified Doc Type is 12 Month Bank Statement |
| XXXX | 4350121209 |  |  | XXXX | Refinance Type | XXXX | XXXX | XXXX | Confirmed Refinance Type is Cash Out - Other |
| XXXX | 4350121210 |  |  | XXXX | Originator QM Status | XXXX | XXXX | XXXX | Loan is Investment file. Originator QM Status is ATR/QM: Exempt |
| XXXX | 4350121210 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Borrower qualifying with 12 Month Bank Statement |
| XXXX | 4350121210 |  |  | XXXX | Refinance Type | XXXX | XXXX | XXXX | Confirmed Refinance Type is Cash Out - Other |
| XXXX | 4350121234 |  |  | XXXX | Qualifying FICO | XXXX | XXXX | XXXX | Per GL XXXX page #XXXX, the borrower with the higher monthly income is considered the primary borrower and their credit score can be used as the decision credit score. B1 ahs higher income, hence their FICO of XXXX should be used for qualification. |
| XXXX | 4350121234 |  |  | XXXX | Interest Rate | XXXX | XXXX | XXXX | True data is correct, verified from Note doc. |
| XXXX | 4350121234 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | True data is correct, verified from Note doc. |
| XXXX | 4350121234 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | True data is correct, 12 months bank statements are used for qualification and hence doc type updated the same. |
| XXXX | 4350121234 |  |  | XXXX | Loan Program | XXXX | XXXX | XXXX | Loan program selected from drop down per loan approval, tape and true data values matches. |
| XXXX | 4350121228 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Borrower qualifying with 12 Month Bank Statement |
| XXXX | 4350121207 |  |  | XXXX | Borrower 2 Sex - Female | XXXX | XXXX | XXXX | Confirmed Borrower 2 is XXXX |
| XXXX | 4350121207 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Confirmed Verified Doc Type is 12 Month Bank Statement |
| XXXX | 4350121173 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Note date updated as per Note document |
| XXXX | 4350121173 |  |  | XXXX | Qualifying Total Housing Expense PITIA | XXXX | XXXX | XXXX | Ture data has considered PITIA amount. |
| XXXX | 4350121173 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | 12 month bank statement considered for income qualification purpose. |
| XXXX | 4350121214 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121214 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR |
| XXXX | 4350121181 |  |  | XXXX | Borrower 1 Self-Employment Flag | XXXX | XXXX | XXXX | Updated as per Final 1003 document, DSCR loan |
| XXXX | 4350121181 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Updated as per Final Note and verified from all closing documents |
| XXXX | 4350121181 |  |  | XXXX | First Payment Date | XXXX | XXXX | XXXX | Updated as per Final Note and verified from all closing documents |
| XXXX | 4350121181 |  |  | XXXX | Maturity Date | XXXX | XXXX | XXXX | Updated as per Final Note and verified from all closing documents |
| XXXX | 4350121181 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Loan is Investment DSCR loan |
| XXXX | 4350121181 |  |  | XXXX | Qualifying Total Housing Expense PITIA | XXXX | XXXX | XXXX | True data is correct, tape data shows only P&I whereas true data shows PITIA. |
| XXXX | 4350121226 |  |  | XXXX | Property Address | XXXX | XXXX | XXXX | Verified per Note. |
| XXXX | 4350121226 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Confirmed Verified Doc Type is 12 Month Bank Statement |
| XXXX | 4350121220 |  |  | XXXX | Borrower 1 Last Name | XXXX | XXXX | XXXX | Borrower 1 Last Name updated per Note, Identification, and all closing documents. |
| XXXX | 4350121220 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Borrower qualifying with 12 Month Bank Statement. |
| XXXX | 4350121200 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121229 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121230 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121230 |  |  | XXXX | Borrower 2 Sex - Female | XXXX | XXXX | XXXX | Borrower 2 Sex - Female updated as per Final 1003 |
| XXXX | 4350121230 |  |  | XXXX | Property Zip Code | XXXX | XXXX | XXXX | Property Zip Code verified as XXXX. |
| XXXX | 4350121230 |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Property Type updated from Appraisal document |
| XXXX | 4350121230 |  |  | XXXX | Refinance Type | XXXX | XXXX | XXXX | Confirmed Refinance Type is Cash Out - Other. No debt paid from proceeds. |
| XXXX | 4350121231 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121231 |  |  | XXXX | Borrower 2 Sex - Female | XXXX | XXXX | XXXX | Borrower 2 Sex - XXXX updated from Final 1003 |
| XXXX | 4350121231 |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Property Type updated from Appraisal document |
| XXXX | 4350121231 |  |  | XXXX | Refinance Type | XXXX | XXXX | XXXX | Confirmed Refinance Type is Cash Out - Other |
| XXXX | 4350121231 |  |  | XXXX | Monthly Hazard Insurance Premium | XXXX | XXXX | XXXX | HOI coverage increased therefore the premium increased |
| XXXX | 4350121219 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR Confirmed. |
| XXXX | 4350121219 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR Confirmed. |
| XXXX | 4350121187 |  |  | XXXX | Borrower 2 Sex - Female | XXXX | XXXX | XXXX | Borrower 2 Sex - XXXX Verified from 1003. |
| XXXX | 4350121217 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type DSCR confirmed. |
| XXXX | 4350121217 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR Confirmed. |
| XXXX | 4350121216 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121216 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR |
| XXXX | 4350121177 |  |  | XXXX | Interest Rate | XXXX | XXXX | XXXX | Interest rate updated as per Note document |
| XXXX | 4350121177 |  |  | XXXX | Loan Program | XXXX | XXXX | XXXX | Loan program updated from drop down, tape and true data values matches. |
| XXXX | 4350121221 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR Confirmed. |
| XXXX | 4350121221 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR Confirmed. |
| XXXX | 4350121186 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Confirmed Verified Doc Type is Asset Utilization (No DTI) |
| XXXX | 4350121197 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Borrower qualifying with 12 Month Bank Statement |
| XXXX | 4350121191 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR Confirmed. |
| XXXX | 4350121191 |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Property Type is Two to Four Unit verified from appraisal report. |
| XXXX | 4350121191 |  |  | XXXX | Qualifying Housing Debt Income Ratio | XXXX | XXXX | XXXX | DSCR Loan not required HTI. |
| XXXX | 4350121191 |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | DSCR Loan not required DTI. |
| XXXX | 4350121192 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR Confirmed. |
| XXXX | 4350121192 |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Property Type Verified from appraisal report. |
| XXXX | 4350121224 |  |  | XXXX | Monthly HOA $| XXXX | XXXX | XXXX | Finding was added for HOA difference. Lender submitted updated 1008 correcting HOA to $XXXX |
| XXXX | 4350121224 |  |  | XXXX | Refinance Type | XXXX | XXXX | XXXX | Confirmed Refinance Type is No Cash Out - Borrower Initiated. |
| XXXX | 4350121183 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | True data is correct, Updated from note and verified from all closing documents |
| XXXX | 4350121183 |  |  | XXXX | Interest Rate | XXXX | XXXX | XXXX | True data is correct, Updated from note and verified from all closing documents |
| XXXX | 4350121183 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | True data is correct, 12 months bank statements are used for income calculation and hence doc type updated the same. |
| XXXX | 4350121183 |  |  | XXXX | Qualifying Total Housing Expense PITIA | XXXX | XXXX | XXXX | True data is correct, tape data was not included Tax & HOI amount of whereas true data shows PITIA. |
| XXXX | 4350121183 |  |  | XXXX | Loan Program | XXXX | XXXX | XXXX | Loan program verified from loan approval and updated as A+ |
| XXXX | 4350121233 |  |  | XXXX | Borrower 1 Self-Employment Flag | XXXX | XXXX | XXXX | Loan is DSCR no income required, Borrower 1 Self-Employment Flag updated as per final 1003. |
| XXXX | 4350121233 |  |  | XXXX | Prepayment Penalty Type | XXXX | XXXX | XXXX | Prepayment Penalty updated from addendum page XXXX. |
| XXXX | 4350121233 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Note Date verified from Note page XXXX. |
| XXXX | 4350121233 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Doctype updated per loan program & documentation. |
| XXXX | 4350121233 |  |  | XXXX | Qualifying Total Housing Expense PITIA | XXXX | XXXX | XXXX | Qualifying Total Housing expenses PITIA is matching with 1008 Tape data not included HOA amount. |
| XXXX | 4350121179 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | True data is correct, verified from Note doc on page # XXXX. |
| XXXX | 4350121179 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | True data is correct, 12 months bank statements are used for qualification and hence doc type updated the same. |
| XXXX | 4350121178 |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Property type is PUD verified from appraisal pg#19 and PUD rider is on pg#XXXX. |
| XXXX | 4350121178 |  |  | XXXX | Prepayment Penalty Type | XXXX | XXXX | XXXX | Prepayment Penalty Type updated Correctly. |
| XXXX | 4350121178 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Note date as per Note document is XXXX but Tape data showing XXXX. consider as per the doc. |
| XXXX | 4350121178 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | File is DSCR not required for Income documents. |
| XXXX | 4350121178 |  |  | XXXX | Qualifying FICO | XXXX | XXXX | XXXX | Qualifying FICO on the 1008 Page is 'XXXX' or blank, but the Qualifying FICO from the Credit Liabilities Page is 'XXXX' FICO Method Consider " Lowest Score of All Borrowers " due that there is FICO Variance However, there will be no change in LTV limits due to this FICO difference, Hence Rescinded. |
| XXXX | 4350121178 |  |  | XXXX | Qualifying Total Housing Expense PITIA | XXXX | XXXX | XXXX | Tape Data not included HOA amount and the subject property is PUD. HOA per Appraisal Report is $XXXX. |
| XXXX | 4350121227 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121227 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR loan |
| XXXX | 4350121205 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Borrower qualified with 12 Month Bank Statement |
| XXXX | 4350121180 |  |  | XXXX | Borrower 2 Last Name | XXXX | XXXX | XXXX | Verified and Updated as per Note document |
| XXXX | 4350121180 |  |  | XXXX | Borrower 2 First Name | XXXX | XXXX | XXXX | Verified and Updated as per Note document |
| XXXX | 4350121180 |  |  | XXXX | Borrower 2 SSN | XXXX | XXXX | XXXX | Considered XXXX as B1 as per Note and other closing document have updated SSN of XXXX |
| XXXX | 4350121180 |  |  | XXXX | Borrower 1 First Name | XXXX | XXXX | XXXX | Updated as per Note |
| XXXX | 4350121180 |  |  | XXXX | Borrower 1 Last Name | XXXX | XXXX | XXXX | Verified and Updated as per Note document |
| XXXX | 4350121180 |  |  | XXXX | Borrower 1 SSN | XXXX | XXXX | XXXX | Considered XXXX as B2 as per Note and other closing document have updated SSN of XXXX |
| XXXX | 4350121180 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Note date updated as per Note document |
| XXXX | 4350121180 |  |  | XXXX | Qualifying Total Housing Expense PITIA | XXXX | XXXX | XXXX | True data has considered PITIA amount. |
| XXXX | 4350121180 |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | The difference in DTI is as per 1003 monthly payment considered is $XXXX however as per credit report its $XXXX |
| XXXX | 4350121218 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121218 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR loan |
| XXXX | 4350121223 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR Confirmed. |
| XXXX | 4350121223 |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Property Valuation Two to Four Unit verified from appraisal report. |
| XXXX | 4350121223 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR Confirmed. |
| XXXX | 4350121194 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121184 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Note Date verified from Note page XXXX. |
| XXXX | 4350121184 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Doctype updated per loan program & documentation. |
| XXXX | 4350121202 |  |  | XXXX | Borrower 1 Last Name | XXXX | XXXX | XXXX | Borrower 1 Last Name updated per Note, Identification document, and all closing documents. |
| XXXX | 4350121202 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Borrower qualifying income with 12 Month Bank Statement |
| XXXX | 4350121193 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR confirmed. |
| XXXX | 4350121193 |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Property Type Two to Four Unit verified via Appraisal report. |
| XXXX | 4350121193 |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | DSCR Loan DTI not required. |
| XXXX | 4350121193 |  |  | XXXX | Qualifying Housing Debt Income Ratio | XXXX | XXXX | XXXX | DSCR Loan HTI not required. |
| XXXX | 4350121211 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR Confirmed. |
| XXXX | 4350121211 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Verified Doc Type is DSCR Confirmed. |
| XXXX | 4350121199 |  |  | XXXX | Loan Type | XXXX | XXXX | XXXX | Loan Type is DSCR |
| XXXX | 4350121199 |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Property Type updated from Appraisal |
| XXXX | 4350121199 |  |  | XXXX | Qualifying Housing Debt Income Ratio | XXXX | XXXX | XXXX | DSCR file HTI not required |
| XXXX | 4350121199 |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | DSCR file DTI not required |
| XXXX | 4350121222 |  |  | XXXX | Borrower 1 Last Name | XXXX | XXXX | XXXX | Borrower 1 last name updated from Note and identification documents. |
| XXXX | 4350121222 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Borrower 1 qualified with Asset Depletion income. |
| XXXX | 4350121222 |  |  | XXXX | Borrower 2 Employer 1 Yrs on Job | XXXX | XXXX | XXXX | Borrower 2 is Retired. Prior employment listed on 1003. |
| XXXX | 4350121237 |  |  | XXXX | Qualifying FICO | XXXX | XXXX | XXXX | Qualifying FICO XXXX verified & updated as per the Qualifying FICO method from Credit Report, True data is correct |
| XXXX | 4350121182 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Note date updated as per Note document. |
| XXXX | 4350121201 |  |  | XXXX | Qualifying Monthly P&I Amount | XXXX | XXXX | XXXX | Per note, loan is Interest-Only Fixed Rate. Qualifying Monthly P&I amount for first 120 months is $XXXX, $XXXX is for remaining months. |
| XXXX | 4350121232 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Updated as per Final Note and verified from all closing documents |
| XXXX | 4350121232 |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | Updated as per Final Note, 1008, Tax, Insurance and verified from all closing documents |
| XXXX | 4350121235 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | True data is correct, verified note date as XXXX from Note doc on page#XXXX |
| XXXX | 4350121235 |  |  | XXXX | Qualifying Total Housing Expense PITIA | XXXX | XXXX | XXXX | True data shows PITIA amount of $XXXX which includes HOI amount of $XXXX and Taxes amount of $XXXX and tape data shows only P&I amount of $XXXX |
| XXXX | 4350121235 |  |  | XXXX | Loan Program | XXXX | XXXX | XXXX | Loan program type selected from drop down as A+ as per loan approval |
| XXXX | 4350121235 |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | Updated as per Final Note, 1008, Tax, Insurance and verified from all closing documents, Our calculated DTI 46.09 is matching with 1008 page XXXX and XXXX page XXXX |
| XXXX | 4350121236 |  |  | XXXX | Note Date | XXXX | XXXX | XXXX | Updated as per Final Note and verified from all closing documents |
| XXXX | 4350121236 |  |  | XXXX | Verified Doc Type | XXXX | XXXX | XXXX | Borrower qualifying with 12 Month Bank Statement |

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