# EDGAR Filing Document

**Accession Number:** 0002057124
**File Stem:** 0001999371-25-019617
**Filing Date:** 2025-12
**Character Count:** 2339886
**Document Hash:** 7406accedfe678d345761d30e23c53b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-019617.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001999371-25-019617

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

**PUBLIC DOCUMENT COUNT**: 65

**CONFORMED PERIOD OF REPORT**: 20251205

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

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**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:** 251552558

**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:

---

| | |
|:---|:---|
| ☐ | 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 2025-12 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: December 5, 2025

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| &nbsp;&nbsp;[99.1](ex99-1.htm) | &nbsp;&nbsp;AMC Diligence, LLC ("AMC") Due Diligence Executive Summary |
| &nbsp;&nbsp;[99.2](ex99-2.htm) | &nbsp;&nbsp;AMC Valuation Summary |
| &nbsp;&nbsp;[99.3](ex99-3.htm) | &nbsp;&nbsp;AMC Exception Grades |
| &nbsp;&nbsp;[99.4](ex99-4.htm) | &nbsp;&nbsp;AMC Rating Agency Grades |
| &nbsp;&nbsp;[99.5](ex99-5.htm) | &nbsp;&nbsp;AMC Data Compare |
| &nbsp;&nbsp;[99.6](ex99-6.htm) | &nbsp;&nbsp;Clarifii LLC ("Clarifii") Narrative |
| &nbsp;&nbsp;[99.7](ex99-7.htm) | &nbsp;&nbsp;Clarifii Rating Agency Grades Detail Report |
| &nbsp;&nbsp;[99.8](ex99-8.htm) | &nbsp;&nbsp;Clarifii Rating Agency Grades Summary Report |
| &nbsp;&nbsp;[99.9](ex99-9.htm) | &nbsp;&nbsp;Clarifii Data Compare Report |
| &nbsp;&nbsp;[99.10](ex99-10.htm) | &nbsp;&nbsp;Clarifii Valuation Report |
| &nbsp;&nbsp;[99.11](ex99-11.htm) | &nbsp;&nbsp;Clayton Services LLC ("Clayton") Narrative |
| &nbsp;&nbsp;[99.12](ex99-12.htm) | &nbsp;&nbsp;Clayton Loan Grades Report |
| &nbsp;&nbsp;[99.13](ex99-13.htm) | &nbsp;&nbsp;Clayton Conditions Detail Report |
| &nbsp;&nbsp;[99.14](ex99-14.htm) | &nbsp;&nbsp;Clayton Valuations Summary Report |
| &nbsp;&nbsp;[99.15](ex99-15.htm) | &nbsp;&nbsp;Clayton Loan Level Tape Compare |
| &nbsp;&nbsp;[99.16](ex99-16.htm) | &nbsp;&nbsp;Consolidated Analytics, Inc. ("Consolidated") Narrative |
| &nbsp;&nbsp;[99.17](ex99-17.htm) | &nbsp;&nbsp;Consolidated Grading Report Summary |
| &nbsp;&nbsp;[99.18](ex99-18.htm) | &nbsp;&nbsp;Consolidated Valuations Summary Report |
| &nbsp;&nbsp;[99.19](ex99-19.htm) | &nbsp;&nbsp;Consolidated Due Diligence Standard |
| &nbsp;&nbsp;[99.20](ex99-20.htm) | &nbsp;&nbsp;Consolidated Data Compare Report |
| &nbsp;&nbsp;[99.21](ex99-21.htm) | &nbsp;&nbsp;Digital Risk, LLC ("Digital Risk") Executive Summary |
| &nbsp;&nbsp;[99.22](ex99-22.htm) | &nbsp;&nbsp;Digital Risk Exception Report |
| &nbsp;&nbsp;[99.23](ex99-23.htm) | &nbsp;&nbsp;Digital Risk Rating Agency Report |
| &nbsp;&nbsp;[99.24](ex99-24.htm) | &nbsp;&nbsp;Digital Risk Valuation Securitization Report |
| &nbsp;&nbsp;[99.25](ex99-25.htm) | &nbsp;&nbsp;Digital Risk Data Integrity Report |
| &nbsp;&nbsp;[99.26](ex99-26.htm) | &nbsp;&nbsp;Evolve Mortgage Services ("Evolve") Executive Summary |
| &nbsp;&nbsp;[99.27](ex99-27.htm) | &nbsp;&nbsp;Evolve Rating Agency Grades |
| &nbsp;&nbsp;[99.28](ex99-28.htm) | &nbsp;&nbsp;Evolve Exception Detail |
| &nbsp;&nbsp;[99.29](ex99-29.htm) | &nbsp;&nbsp;Evolve Valuation Report |
| &nbsp;&nbsp;[99.30](ex99-30.htm) | &nbsp;&nbsp;Evolve Data Compare |
| &nbsp;&nbsp;[99.31](ex99-31.htm) | &nbsp;&nbsp;Maxwell Diligence Solutions, LLC ("MaxDiligence") Narrative |
| &nbsp;&nbsp;[99.32](ex99-32.htm) | &nbsp;&nbsp;MaxDiligence Standard Exceptions Report |
| &nbsp;&nbsp;[99.33](ex99-33.htm) | &nbsp;&nbsp;MaxDiligence Grading Report |
| &nbsp;&nbsp;[99.34](ex99-34.htm) | &nbsp;&nbsp;MaxDiligence Valuation Report |
| &nbsp;&nbsp;[99.35](ex99-35.htm) | &nbsp;&nbsp;MaxDiligence Data Compare Report |
| &nbsp;&nbsp;[99.36](ex99-36.htm) | &nbsp;&nbsp;Opus Capital Markets Consultants, LLC ("Opus") Executive Narrative |
| &nbsp;&nbsp;[99.37](ex99-37.htm) | &nbsp;&nbsp;Opus Rating Agency Grades Summary Report |
| &nbsp;&nbsp;[99.38](ex99-38.htm) | &nbsp;&nbsp;Opus Valuation Report |
| &nbsp;&nbsp;[99.39](ex99-39.htm) | &nbsp;&nbsp;Opus Data Compare Report |
| &nbsp;&nbsp;[99.40](ex99-40.htm) | &nbsp;&nbsp;Opus Standard Findings Report |
| &nbsp;&nbsp;[99.41](ex99-41.htm) | &nbsp;&nbsp;Selene Diligence LLC ("Selene") Narrative |
| &nbsp;&nbsp;[99.42](ex99-42.htm) | &nbsp;&nbsp;Selene Rating Agency Grades Summary Report |
| &nbsp;&nbsp;[99.43](ex99-43.htm) | &nbsp;&nbsp;Selene Standard Findings Report |
| &nbsp;&nbsp;[99.44](ex99-44.htm) | &nbsp;&nbsp;Selene Valuation Report |
| &nbsp;&nbsp;[99.45](ex99-45.htm) | &nbsp;&nbsp;Selene Data Compare Report |

---

## Exhibit 99.1

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**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 July 2025 to November 2025 via files imaged and provided by the Client's designee for review. The loans in the Review carried origination dates between June 2025 to November 2025. The Review included loans reviewed under the Credit and Compliance Scope (141 mortgage loans), and the Business Purpose Scope (163 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 initial population consisted of three hundred four (304) mortgage loans.

The final population of the Review covered three hundred four (304) mortgage loans totaling an aggregate original principal balance of approximately $154.006 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;PITIA Reserves Months |
| &nbsp;&nbsp;Amortization Term | &nbsp;&nbsp;Interest Only Period | &nbsp;&nbsp;Prepayment Penalty Period (months) |
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Investor: Qualifying Total Debt Ratio | &nbsp;&nbsp;Product Description |
| &nbsp;&nbsp;Balloon Flag | &nbsp;&nbsp;Lender | &nbsp;&nbsp;Property Type |
| &nbsp;&nbsp;Borrower First Name | &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Purpose |
| &nbsp;&nbsp;Borrower FTHB | &nbsp;&nbsp;Margin | &nbsp;&nbsp;Refi Purpose |
| &nbsp;&nbsp;Borrower Last Name | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Representative FICO |
| &nbsp;&nbsp;Borrower SSN | &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;State |
| &nbsp;&nbsp;City | &nbsp;&nbsp;Original CLTV | &nbsp;&nbsp;Street |
| &nbsp;&nbsp;Decision System | &nbsp;&nbsp;Original Interest Rate | &nbsp;&nbsp;Total Cash-out |
| &nbsp;&nbsp;Doc Type | &nbsp;&nbsp;Original Loan Amount | &nbsp;&nbsp;Zip |
| &nbsp;&nbsp;Escrow Account | &nbsp;&nbsp;Original LTV |  |

---

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.

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![](ex991001.jpg)

**(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 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):

---

| | | |
|:---|:---|:---|
| &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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**(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 3.0 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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;

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**(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.

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*<u>Qualified Mortgage</u>*

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

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| | |
|:---|:---|
| 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, |

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| | |
|:---|:---|
| 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 |

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| | |
|:---|:---|
| 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.).

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

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

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

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

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

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

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

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

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

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

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

**(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.

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**(XI) FIRREA Review**

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

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

**(XII) Document Review**

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

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

■ Underwriting summary / loan approval (1008);

■ Credit report;

■ Income and employment documentation;

■ 4506T;

■ Asset documentation;

■ Sales contract;

■ Hazard and/or flood insurance policies;

■ Copy of note for any junior liens;

■ Appraisal;

■ Title/Preliminary Title;

■ Final 1003;

■ Changed circumstance documentation;

■ Right of Rescission Disclosure;

■ Mortgage/Deed of Trust;

■ Note;

■ Mortgage Insurance;

■ Tangible Net Benefit Disclosure;

■ Subordination Agreement;

■ FACTA disclosures;

■ Notice of Special Flood Hazards;

■ Initial and final GFE's;

■ HUD from sale of previous residence;

■ Final HUD-1;

■ Initial TIL;

■ Final TIL;

■ Loan Estimates;

■ Closing Disclosures; and

■ 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.

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

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

**(9) Disclaimer.**

Except as expressly enumerated above, please be advised that SitusAMC has not performed any review to determine whether the mortgage loans covered in this Report complied with federal, state or local laws, constitutional provisions, regulations, ordinances or any other laws or guidance, including, without limitation, licensing and general usury laws ("Applicable Law"). Further, there can be no assurances that in performing the review and preparing this Report that SitusAMC has uncovered all relevant factors and potential issues relating to the origination of the mortgage loans, their compliance with Applicable Law, or the original appraisals relating to the mortgaged properties, or that SitusAMC has uncovered all relevant factors that could affect the future performance of the mortgage loans. Please note that the results set forth in this Report are dependent upon receipt of complete and accurate data regarding the mortgage loans from mortgage loan originators, sponsors, issuers, underwriters, and other third parties upon which SitusAMC is relying in reaching such results. Except as expressly stated herein, SitusAMC did not verify the data relied upon in performing its review and producing this Report. In addition, the findings and conclusions set forth in this Report are provided on an "as is" basis and are based on available information and Applicable Law as of the date of this Report, and SitusAMC does not undertake any obligation to update or provide any revisions to this Report to reflect events, circumstances, changes in Applicable Law, or changes in expectations after the date this Report was issued. 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**<br> **Loans** | &nbsp;&nbsp;**% of Mortgage**<br> **Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;122 | &nbsp;&nbsp;40.13% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;182 | &nbsp;&nbsp;59.87% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**304** | &nbsp;&nbsp;**100.00%** |

---

12 P a g e

![](ex991001.jpg)

**COMPLIANCE RESULTS SUMMARY**

Please note that one hundred fifty-five (155) 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 forty-nine (149) 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**<br> **Review Population** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;99 | &nbsp;&nbsp;32.57% | &nbsp;&nbsp;66.44% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;50 | &nbsp;&nbsp;16.45% | &nbsp;&nbsp;33.56% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Compliance Not Run | &nbsp;&nbsp;155 | &nbsp;&nbsp;50.99% | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**304** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**100.00%** |

---

**CREDIT RESULTS SUMMARY**

All three hundred four (304) mortgage loans reviewed by AMC have a Credit grade of "B" or higher and 50.00% of the mortgage loans by number received a Credit grade of "A".

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Mortgage**<br> **Loans** | &nbsp;&nbsp;**% of Mortgage**<br> **Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;152 | &nbsp;&nbsp;50.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;152 | &nbsp;&nbsp;50.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;**304** | &nbsp;&nbsp;**100.00%** |

---

**PROPERTY/VALUATION RESULTS SUMMARY** 

Three hundred three (303) mortgage loans, 99.67%, reviewed by AMC have a Property Grade of "A".

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# Mortgage**<br> **Loans** | &nbsp;&nbsp;**% of Mortgage**<br> **Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;303 | &nbsp;&nbsp;99.67% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.33% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**304** | &nbsp;&nbsp;**100.00%** |

---

13 P a g e

![](ex991001.jpg)

**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**<br> **Type** | &nbsp;&nbsp;**Final**<br> **Exception**<br> **Rating** | &nbsp;&nbsp;**Exception Category** | &nbsp;&nbsp;**Total** |
| Compliance | B | ECOA | 38 |
| Compliance | B | TRID Defect | 26 |
| Compliance | B | ATR/QM Defect | 6 |
| Compliance | B | Federal HPML | 3 |
| Compliance | B | State Defect | 2 |
| Compliance | B | Misc. State Level | 1 |
| Compliance | B | GSE | 1 |
| Compliance | B | RESPA | 1 |
| Compliance | B | State HPML | 1 |
| Compliance | B | TILA | 1 |
| Compliance | B | ***Total Compliance Grade (B) Exceptions:*** | ***80*** |
| **Total Compliance Exceptions:** | **Total Compliance Exceptions:** | **Total Compliance Exceptions:** | **80** |
| Credit | B | Guideline | 172 |
| Credit | B | Borrower and Mortgage Eligibility | 36 |
| Credit | B | Credit | 12 |
| Credit | B | Documents | 7 |
| Credit | B | Income / Employment | 3 |
| Credit | B | Title | 3 |
| Credit | B | Property - Appraisal | 3 |
| Credit | B | Loan Package Documentation | 2 |
| Credit | B | Asset | 2 |
| Credit | B | Income | 1 |
| Credit | B | ***Total Credit Grade (B) Exceptions:*** | ***241*** |
| **Total Credit Exceptions:** | **Total Credit Exceptions:** | **Total Credit Exceptions:** | **241** |
| Property |  | Valuation | 1 |
| Property |  | ***Total Property Grade (B) Exceptions:*** | ***1*** |
| **Total Property Exceptions:** | **Total Property Exceptions:** | **Total Property Exceptions:** | **1** |
| **Grand Total:** | **Grand Total:** | **Grand Total:** | **322** |

---

14 P a g e

![](ex991001.jpg)

**TAPE INTEGRITY REVIEW RESULTS SUMMARY**

Of the 304 mortgage loans reviewed, 295 unique mortgage loans had 1,535 different tape discrepancies across 28 data fields (some mortgage loans had more than one data delta). The largest variances were found on PITIA Reserves Months, Escrow Account and Prepayment Penalty Period (months).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Field Label** | **Loans With Discrepancy** | **Total Times Compared** | **% Variance** | **# Of Loans** |
| # of Units | 0 | 18 | 0.00% | 304 |
| Amortization Term | 0 | 18 | 0.00% | 304 |
| Amortization Type | 0 | 18 | 0.00% | 304 |
| Balloon Flag | 0 | 286 | 0.00% | 304 |
| Borrower First Name | 103 | 304 | 33.88% | 304 |
| Borrower FTHB | 4 | 18 | 22.22% | 304 |
| Borrower Last Name | 108 | 304 | 35.53% | 304 |
| Borrower SSN | 99 | 286 | 34.62% | 304 |
| City | 10 | 304 | 3.29% | 304 |
| Decision System | 4 | 10 | 40.00% | 304 |
| Doc Type | 10 | 131 | 7.63% | 304 |
| Escrow Account | 272 | 286 | 95.10% | 304 |
| Has FTHB | 17 | 131 | 12.98% | 304 |
| Interest Only Period | 4 | 35 | 11.43% | 304 |
| Investor: Qualifying Total Debt Ratio | 42 | 141 | 29.79% | 304 |
| Lender | 51 | 286 | 17.83% | 304 |
| Lien Position | 0 | 18 | 0.00% | 304 |
| Margin | 1 | 1 | 100.00% | 304 |
| Note Date | 10 | 18 | 55.56% | 304 |
| Occupancy | 1 | 304 | 0.33% | 304 |
| Original CLTV | 15 | 304 | 4.93% | 304 |
| Original Interest Rate | 24 | 304 | 7.89% | 304 |
| Original Loan Amount | 23 | 304 | 7.57% | 304 |
| Original LTV | 1 | 18 | 5.56% | 304 |
| PITIA Reserves Months | 279 | 286 | 97.55% | 304 |
| Prepayment Penalty Period (months) | 148 | 286 | 51.75% | 304 |
| Product Description | 92 | 286 | 32.17% | 304 |
| Property Type | 34 | 304 | 11.18% | 304 |
| Purpose | 0 | 304 | 0.00% | 304 |
| Refi Purpose | 9 | 129 | 6.98% | 304 |
| Representative FICO | 20 | 304 | 6.58% | 304 |
| State | 0 | 304 | 0.00% | 304 |
| Street | 15 | 304 | 4.93% | 304 |
| Total Cash-out | 133 | 152 | 87.50% | 304 |
| Zip | 6 | 304 | 1.97% | 304 |
| **Total** | **1535** | **6810** | **22.54%** | **304** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Amortization Type** | **Loan**<br> **Count** | **% of**<br> **Loans** | **Original**<br> **Balance** | **% of**<br> **Balance** |
| Fixed | 303 | 99.67% | $153190498.00 | 99.47% |
| &nbsp;&nbsp;Adjustable | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.33% | &nbsp;&nbsp;$815500.00 | &nbsp;&nbsp;0.53% |
| **Total** | **304** | **100.00%** | **$154005998.00** | **100.00%** |
| **Lien Position** | **Loan**<br> **Count** | **% of**<br> **Loans** | **Original**<br> **Balance** | **% of**<br> **Balance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;304 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$154005998.00 | &nbsp;&nbsp;100.00% |
| **Total** | **304** | **100.00%** | **$154005998.00** | **100.00%** |

---

15 P a g e

![](ex991001.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Loan Purpose** | **Loan**<br> **Count** | **% of**<br> **Loans** | **Original**<br> **Balance** | **% of**<br> **Balance** |
| Cash Out: Debt Consolidation | 1 | 0.33% | $400000.00 | 0.26% |
| Cash Out: Other/Multi-purpose/Unknown Purpose | 123 | 40.46% | $62682370.00 | 40.70% |
| First Time Home Purchase | 19 | 6.25% | $11142850.00 | 7.24% |
| Other-than-first-time Home Purchase | 127 | 41.78% | $66060478.00 | 42.89% |
| &nbsp;&nbsp;Rate/Term Refinance - Borrower Initiated | &nbsp;&nbsp;34 | &nbsp;&nbsp;11.18% | &nbsp;&nbsp;$13720300.00 | &nbsp;&nbsp;8.91% |
| **Total** | **304** | **100.00%** | **$154005998.00** | **100.00%** |
| **Original Term** | **Loan**<br> **Count** | **% of**<br> **Loans** | **Original**<br> **Balance** | **% of**<br> **Balance** |
| 241-360 Months | 295 | 97.04% | $150417448.00 | 97.67% |
| 361+ Months | 9 | 2.96% | $3588550.00 | 2.33% |
| **Total** | **304** | **100.00%** | **$154005998.00** | **100.00%** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Property Type** | **Loan**<br> **Count** | **% of**<br> **Loans** | **Original**<br> **Balance** | **% of**<br> **Balance** |
| Single Family Detached | 161 | 52.96% | $86015175.00 | 55.85% |
| Condo, Low Rise | 29 | 9.54% | $9412587.00 | 6.11% |
| Condo, High Rise | 3 | 0.99% | $1514400.00 | 0.98% |
| PUD | 67 | 22.04% | $34699812.00 | 22.53% |
| 1 Family Attached | 4 | 1.32% | $1103000.00 | 0.72% |
| 2 Family | 24 | 7.89% | $11530574.00 | 7.49% |
| 3 Family | 7 | 2.30% | $5631750.00 | 3.66% |
| 4 Family | 9 | 2.96% | $4098700.00 | 2.66% |
| **Total** | **304** | **100.00%** | **$154005998.00** | **100.00%** |
| **Occupancy** | **Loan**<br> **Count** | **% of**<br> **Loans** | **Original**<br> **Balance** | **% of**<br> **Balance** |
| Primary | 94 | 30.92% | $67932139.00 | 44.11% |
| Investment | 198 | 65.13% | $77049359.00 | 50.03% |
| Second Home | 12 | 3.95% | $9024500.00 | 5.86% |
| **Total** | **304** | **100.00%** | **$154005998.00** | **100.00%** |

---

16 P a g e

## Exhibit 99.2

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.2**

![](situs-logo.jpg)

---

| |
|:---|
| **Valuation Report** |
| **Run Date - 12/3/2025 3:12:12 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 | 4350118053 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 2.70 |
| XXXX | XXXX | XXXX | 4350117906 | 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 | XXXX |  |  |  |  |  | No | 3.00 | 1.40 |
| XXXX | XXXX | XXXX | 4350117984 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118080 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.710% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118070 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118076 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117901 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.80 |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -4.000% | XXXX | XXXX | Desk Review | XXXX |  | Low |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | No |  | 2.90 |
| XXXX | XXXX | XXXX | 4350118020 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117905 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.10 |
| XXXX | XXXX | XXXX | 4350118096 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.380% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | Yes | 2.50 | 1.10 |
| XXXX | XXXX | XXXX | 4350118040 | 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 | XXXX |  |  |  |  |  | No |  | 1.70 |
| XXXX | XXXX | XXXX | 4350118016 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117943 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350118049 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.000% | XXXX | XXXX | Desk-Top Review | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 3.90 |
| XXXX | XXXX | XXXX | 4350117855 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117917 | 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 | XXXX |  |  |  |  |  | N/A |  | 4.80 |
| XXXX | XXXX | XXXX | 4350117919 | 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 | XXXX |  |  |  |  |  | No |  | 1.10 |
| XXXX | XXXX | XXXX | 4350118037 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.10 |
| XXXX | XXXX | XXXX | 4350118087 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118051 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118028 | 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 | XXXX |  |  |  |  |  | N/A |  | 2.30 |
| XXXX | XXXX | XXXX | 4350117967 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117859 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 3.30 |
| XXXX | XXXX | XXXX | 4350117981 | 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 | XXXX |  |  |  |  |  | No | 3.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118027 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 1.590% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | No |  | 3.70 |
| XXXX | XXXX | XXXX | 4350118008 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117915 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118013 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350118023 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117891 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117960 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 2.10 |
| XXXX | XXXX | XXXX | 4350117952 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117940 | 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 | XXXX |  |  |  |  |  | No |  | 1.70 |
| XXXX | XXXX | XXXX | 4350118011 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350117944 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117908 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117939 | 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 | XXXX |  |  |  |  |  | N/A |  | 3.30 |
| XXXX | XXXX | XXXX | 4350117955 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118105 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117911 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117993 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118034 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.20 |
| XXXX | XXXX | XXXX | 4350117971 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117912 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118029 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117898 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118101 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -4.270% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118089 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117948 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 3.00 |
| XXXX | XXXX | XXXX | 4350117992 | 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 | XXXX |  |  |  |  |  | No |  | 999.00 |
| XXXX | XXXX | XXXX | 4350117924 | 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 | XXXX |  |  |  |  |  | No |  | 3.40 |
| XXXX | XXXX | XXXX | 4350118052 | 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 | XXXX |  |  |  |  |  | No |  | 2.60 |
| XXXX | XXXX | XXXX | 4350117907 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 11.110% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | Yes | 1.50 | 1.30 |
| XXXX | XXXX | XXXX | 4350117925 | 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 | XXXX |  |  |  |  |  | Yes |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117970 | 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 | XXXX |  |  |  |  |  | No |  | 3.60 |
| XXXX | XXXX | XXXX | 4350118054 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118036 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117945 | 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 | XXXX |  |  |  |  |  | Yes |  | 4.30 |
| XXXX | XXXX | XXXX | 4350117934 | 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 | XXXX |  |  |  |  |  | No | 3.00 | 1.80 |
| XXXX | XXXX | XXXX | 4350117927 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350118104 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118119 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.30 |
| XXXX | XXXX | XXXX | 4350118121 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 1.30 |
| XXXX | XXXX | XXXX | 4350118117 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117921 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117890 | 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 | XXXX |  |  |  |  |  | N/A |  | 2.70 |
| XXXX | XXXX | XXXX | 4350118041 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 1.90 |
| XXXX | XXXX | XXXX | 4350117923 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118118 | 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 | XXXX |  |  |  |  |  | N/A |  | 3.20 |
| XXXX | XXXX | XXXX | 4350118031 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118014 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117926 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117875 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.10 |
| XXXX | XXXX | XXXX | 4350117887 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.30 |
| XXXX | XXXX | XXXX | 4350118072 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117969 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118064 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117909 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117946 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 1.80 |
| XXXX | XXXX | XXXX | 4350118015 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.60 |
| XXXX | XXXX | XXXX | 4350117975 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118050 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117922 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118042 | 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 | XXXX |  |  |  |  |  | N/A |  | 2.30 |
| XXXX | XXXX | XXXX | 4350117928 | 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 | XXXX |  |  |  |  |  | No |  | 2.90 |
| XXXX | XXXX | XXXX | 4350118111 | 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 | XXXX |  |  |  |  |  | N/A |  | 4.30 |
| XXXX | XXXX | XXXX | 4350117941 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 2.20 |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -4.650% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118032 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 1.40 |
| XXXX | XXXX | XXXX | 4350117935 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118039 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118025 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117994 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118091 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118099 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118000 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -2.150% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118003 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 4.00 |
| XXXX | XXXX | XXXX | 4350117997 | 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 | XXXX |  |  |  |  |  | No | 4.50 | 2.60 |
| XXXX | XXXX | XXXX | 4350118044 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118116 | 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 | XXXX |  |  |  |  |  | No | 5.00 | 3.60 |
| XXXX | XXXX | XXXX | 4350118047 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 1.90 |
| XXXX | XXXX | XXXX | 4350117973 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117980 | 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 | XXXX |  |  |  |  |  | No | 3.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117999 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 5.00 |
| XXXX | XXXX | XXXX | 4350117914 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 2.30 |
| XXXX | XXXX | XXXX | 4350118048 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 5.00 |
| XXXX | XXXX | XXXX | 4350117988 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117950 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117965 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 2.70 |
| XXXX | XXXX | XXXX | 4350117846 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117987 | 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 | XXXX |  |  |  |  |  | No | 4.50 | 5.00 |
| XXXX | XXXX | XXXX | 4350117995 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.80 |
| XXXX | XXXX | XXXX | 4350118030 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 3.60 |
| XXXX | XXXX | XXXX | 4350117920 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118045 | 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 | XXXX |  |  |  |  |  | No | 4.50 | 3.30 |
| XXXX | XXXX | XXXX | 4350118062 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118090 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118110 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117978 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 1.10 |
| XXXX | XXXX | XXXX | 4350117857 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 3.10 |
| XXXX | XXXX | XXXX | 4350117976 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.90 |
| XXXX | XXXX | XXXX | 4350118079 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117880 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117962 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118102 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118114 | 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 | XXXX |  |  |  |  |  | No |  | 3.70 |
| XXXX | XXXX | XXXX | 4350117910 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117849 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.40 |
| XXXX | XXXX | XXXX | 4350117974 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.50 |
| XXXX | XXXX | XXXX | 4350117942 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117872 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.80 |
| XXXX | XXXX | XXXX | 4350117904 | 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 | XXXX |  |  |  |  |  | Yes |  | 3.10 |
| XXXX | XXXX | XXXX | 4350118113 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117835 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117879 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118021 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 2.70 |
| XXXX | XXXX | XXXX | 4350117963 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 2.90 |
| XXXX | XXXX | XXXX | 4350117828 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118107 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117938 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117843 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117916 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117933 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350117861 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117958 | 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 | XXXX |  |  |  |  |  | No | 3.00 | 1.20 |
| XXXX | XXXX | XXXX | 4350117932 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117850 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350117834 | 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 | XXXX |  |  |  |  |  | N/A |  | 2.90 |
| XXXX | XXXX | XXXX | 4350117936 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 2.90 |
| XXXX | XXXX | XXXX | 4350118085 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118112 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.40 |
| XXXX | XXXX | XXXX | 4350117913 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118006 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117881 | 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 | XXXX |  |  |  |  |  | No | 5.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117897 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 2.80 |
| XXXX | XXXX | XXXX | 4350118061 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118066 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118035 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117899 | 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 | XXXX |  |  |  |  |  | N/A |  | 3.40 |
| XXXX | XXXX | XXXX | 4350118088 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117918 | 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 | XXXX |  |  |  |  |  | No |  | 2.40 |
| XXXX | XXXX | XXXX | 4350117966 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118046 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117862 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118024 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118010 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118026 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.90 |
| XXXX | XXXX | XXXX | 4350118095 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118109 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118074 | 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 | 0.000% | XXXX | High | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117838 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118093 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117883 | 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 | XXXX |  |  |  |  |  | N/A |  | 3.30 |
| XXXX | XXXX | XXXX | 4350117864 | 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 | 0.000% | XXXX | Low | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | No | 4.50 |  |
| XXXX | XXXX | XXXX | 4350117954 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350117882 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118106 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118108 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118075 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117885 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 2.60 |
| XXXX | XXXX | XXXX | 4350117856 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118007 | 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 | XXXX |  |  |  |  |  | No |  | 1.80 |
| XXXX | XXXX | XXXX | 4350117991 | 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 | XXXX |  |  |  |  |  | No | 3.00 |  |
| XXXX | XXXX | XXXX | 4350117877 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -7.480% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | No | 4.50 | 2.60 |
| XXXX | XXXX | XXXX | 4350118067 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118012 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117956 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 2.00 |
| XXXX | XXXX | XXXX | 4350117947 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117977 | 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 | XXXX |  |  |  |  |  | No | 3.00 | 1.80 |
| XXXX | XXXX | XXXX | 4350117831 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 1.40 |
| XXXX | XXXX | XXXX | 4350117892 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 2.50 |
| XXXX | XXXX | XXXX | 4350117860 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118115 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117888 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117986 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117979 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117996 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.10 |
| XXXX | XXXX | XXXX | 4350117866 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117829 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350118094 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118055 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118059 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118002 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 3.20 |
| XXXX | XXXX | XXXX | 4350117959 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350118043 | 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 | XXXX |  |  |  |  |  | No | 5.00 | 2.50 |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -7.030% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | Yes | 1.00 | 5.00 |
| XXXX | XXXX | XXXX | 4350117884 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117830 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 1.50 |
| XXXX | XXXX | XXXX | 4350117894 | 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 | XXXX |  |  |  |  |  | N/A |  | 3.00 |
| XXXX | XXXX | XXXX | 4350118001 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117847 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117858 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117848 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118103 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118069 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117865 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.30 |
| XXXX | XXXX | XXXX | 4350117876 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117895 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118068 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118056 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118058 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118078 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118063 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117949 | 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 | XXXX |  |  |  |  |  | No |  | 1.60 |
| XXXX | XXXX | XXXX | 4350117844 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 |  |
| XXXX | XXXX | XXXX | 4350117845 | 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 | XXXX |  |  |  |  |  | No | 3.00 | 3.40 |
| XXXX | XXXX | XXXX | 4350117990 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 1.20 |
| XXXX | XXXX | XXXX | 4350117839 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.20 |
| XXXX | XXXX | XXXX | 4350117893 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117951 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118086 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117896 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117929 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117870 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.30 |
| XXXX | XXXX | XXXX | 4350117989 | 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 | XXXX |  |  |  |  |  | N/A |  | 2.40 |
| XXXX | XXXX | XXXX | 4350117964 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.10 |
| XXXX | XXXX | XXXX | 4350117983 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 2.80 |
| XXXX | XXXX | XXXX | 4350118060 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118082 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118057 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 13.030% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | -100.000% | XXXX | Indeterminate | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118081 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117931 | 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 | XXXX |  |  |  |  |  | Yes | 1.50 | 1.90 |
| XXXX | XXXX | XXXX | 4350118083 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118100 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117968 | 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 | XXXX |  |  |  |  |  | No | 4.50 | 5.00 |
| XXXX | XXXX | XXXX | 4350117886 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 2.20 |
| XXXX | XXXX | XXXX | 4350118065 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118084 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117930 | 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 | XXXX |  |  |  |  |  | No | 3.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118071 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117985 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117961 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.80 |
| XXXX | XXXX | XXXX | 4350117957 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117841 | 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 | XXXX |  |  |  |  |  | Yes | 2.00 | 2.70 |
| XXXX | XXXX | XXXX | 4350117953 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 3.00 |
| XXXX | XXXX | XXXX | 4350118009 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350118120 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117982 | 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 | XXXX |  |  |  |  |  | N/A |  | 2.80 |
| XXXX | XXXX | XXXX | 4350117869 | 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 | XXXX |  |  |  |  |  | N/A |  | 2.20 |
| XXXX | XXXX | XXXX | 4350117852 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117874 | 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 | XXXX |  |  |  |  |  | Yes | 1.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350117837 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 0.260% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | No | 3.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117867 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 1.60 |
| XXXX | XXXX | XXXX | 4350117854 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 1.60 |
| XXXX | XXXX | XXXX | 4350117868 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 1.60 |
| XXXX | XXXX | XXXX | 4350117878 | 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 | XXXX |  |  |  |  |  | No | 3.50 | 1.60 |
| XXXX | XXXX | XXXX | 4350117871 | 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 | XXXX |  |  |  |  |  | Yes | 2.50 | 1.00 |
| XXXX | XXXX | XXXX | 4350117832 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350118005 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 1.00 |
| XXXX | XXXX | XXXX | 4350118004 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 4.40 |
| XXXX | XXXX | XXXX | 4350118092 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118098 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117853 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -8.750% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117851 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350118077 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | -2.220% | XXXX | XXXX | Desk Review | XXXX |  | Moderate |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118073 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350117873 | 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 | XXXX |  |  |  |  |  | No | 3.00 | 3.20 |
| XXXX | XXXX | XXXX | 4350117840 | 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 | XXXX |  |  |  |  |  | No | 4.00 | 4.60 |
| XXXX | XXXX | XXXX | 4350117836 | 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 | XXXX |  |  |  |  |  | No |  |  |
| XXXX | XXXX | XXXX | 4350117863 | 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 | XXXX |  |  |  |  |  | No |  | 1.00 |
| XXXX | XXXX | XXXX | 4350117833 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.30 |
| XXXX | XXXX | XXXX | 4350117842 | 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 | XXXX |  |  |  |  |  | No |  | 3.60 |
| XXXX | XXXX | XXXX | 4350118126 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118124 | 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 | XXXX |  |  |  |  |  | N/A |  | 3.70 |
| XXXX | XXXX | XXXX | 4350118132 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.50 |
| XXXX | XXXX | XXXX | 4350118125 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350118127 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118134 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350118135 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.00 |
| XXXX | XXXX | XXXX | 4350118128 | 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 | XXXX |  |  |  |  |  | N/A |  | 2.50 |
| XXXX | XXXX | XXXX | 4350118136 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118139 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118137 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118133 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 4.110% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX | 0.000% | XXXX | Low | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118131 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118140 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118130 | 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 | XXXX |  |  |  |  |  | N/A |  | 1.70 |
| XXXX | XXXX | XXXX | 4350118138 | 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 | XXXX |  |  |  |  |  | N/A |  | 2.10 |
| XXXX | XXXX | XXXX | 4350118129 | 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 | XXXX |  |  |  |  |  | N/A |  |  |
| XXXX | XXXX | XXXX | 4350118123 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 0.000% | XXXX | XXXX | XXXX | Appraisal | XXXX | XXXX | XXXX |  | XXXX | XXXX | 12.680% | XXXX | XXXX | Appraisal | XXXX |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX | XXXX | XXXX |  |  |  |  |  | N/A |  | 4.00 |

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## Exhibit 99.3

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.3**

![](situs-logo.jpg)

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| |
|:---|
| **Exception Grades** |
| **Run Date - 12/3/2025 3:12:10 PM** |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **XXXXXXXX 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 | 4350118053 | XXXX | 34587737 | 200190046-6542 | 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. Sufficient cure is required. |  |  |  | Reviewer Comment (XXXX-10-31): XXXXXXXX received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception.<br>Seller Comment (XXXX-10-29): (Rate Lock) Proof of check cashed and signed by borrower<br>Reviewer Comment (XXXX-10-22): The check that the seller has confirmed as cashed was not made payable to the borrower, was sent to a different address and is for a different amount. The check is for XXXX, and the cure is for $XXXX. The exception is not resolved. Copy of refund check and proof of mailing is still required.<br>Seller Comment (XXXX-10-22): (Rate Lock) Proof of cashed check provided<br>Reviewer Comment (XXXX-10-20): Please provide proof of mailing to complete cure.<br>Seller Comment (XXXX-10-20): (Rate Lock) PCCD, check and LOE provided | XXXX | XXXX | XXXX | 2 C B | 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 | 4350118053 | XXXX | 34587742 | 200190046-33616 | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | Disclosure: E-Sign Consent Agreement | E-sign Consent Agreement is missing. |  |  |  | Reviewer Comment (XXXX-10-07): Document provided.<br>Seller Comment (XXXX-10-02): (Rate Lock) econsent provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118053 | XXXX | 34737809 | 200190046-6543 | 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) | A valid COC or cure of XXXX is required. Cure documents consist of PCCD, LOE, proof of mailing and copy of refund check. |  |  |  | Reviewer Comment (XXXX-10-31): XXXXXXXX received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception.<br>Seller Comment (XXXX-10-29): (Rate Lock) Proof of check cashed and signed by borrower<br>Reviewer Comment (XXXX-10-22): The check that the seller has confirmed as cashed was not made payable to the borrower, was sent to a different address and is for a different amount. The check is for XXXX, and the cure is for $XXXX The exception is not resolved. Copy of refund check and proof of mailing is still required.<br>Seller Comment (XXXX-10-22): (Rate Lock) Proof of cashed check provided<br>Reviewer Comment (XXXX-10-20): Please provide proof of mailing to complete cure.<br>Seller Comment (XXXX-10-20): (Rate Lock) PCCD, check and LOE provided | XXXX | XXXX | XXXX | 2 B | 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 | 4350117906 | XXXX | 34062061 | 200190200-25749 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | HUD/CD is missing in the file. |  |  |  | Reviewer Comment (XXXX-08-05): HUD provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | 34062865 | 200190200-27012 | 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. | Lender exception approved for DSCR below 1 | 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%. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-07-29): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | 34072618 | 200190200-2904 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided |  | The file is missing a Guarantor Agreement. |  |  |  | Reviewer Comment (XXXX-08-05): Guarantor Agreement provided. | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Investment | Refinance - Rate/Term | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | 34147564 | 200190200-4266 | 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.00. | Borrower's cash out on the transaction was $XXXX, which exceeds XXXX allowed. | 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%. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-11-05): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | 34797382 | 200190200-4255 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Refinance purpose discrepancy. | Loan refinance purpose of Rate/Term does not match Guideline loan refinance purpose of Cash-out - Other. | Borrower received more than XXXX cash out XXXX after POCs). | 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%. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-11-05): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117984 | XXXX | 34928343 | 200190350-25085 | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Hazard Insurance Policy expires within 30 days of the Note Date. | Hazard Insurance Policy Expiration Date XXXX, Note Date XXXX | Hazard Insurance Policy expires within 30 days of the Note Date. |  |  |  | Reviewer Comment (XXXX-11-14): Received insurance renewal i trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118080 | XXXX | 35008122 | 200190431-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved an exception for one of the sponsors having a felony arrest record. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660<br> Representative FICO: 749 | XXXX | Reviewer Comment (XXXX-11-18): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | 34783895 | 200190851-28330 | 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. | The lender exception has been requested for loan amount less than $XXXX and loan amount less than $XXXX with no LTV reduction. | 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-10-24): Lender Exception with Compensating Factors provided.<br>Reviewer Comment (XXXX-10-23): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | 34783916 | 200190851-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The lender exception has been requested for vacant property requires 5% LTV reduction and loan amount less than 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. |  | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided.<br>Reviewer Comment (XXXX-10-23): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | 34486676 | 200190859-2799 | XXXX | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided |  | Note missing. All data entered from other loan file documents. Loan and Note will be re-evaluated to determine if Note entries match documents provided. |  |  |  | Reviewer Comment (XXXX-09-25): Note provided<br>Seller Comment (XXXX-09-23): (Rate Lock) note provided | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | D B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | 34498817 | 200190859-6572 | 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-09-25): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-09-23): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | D B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | 34498819 | 200190859-2652 | XXXX | Compliance | Compliance | Federal Compliance | TILA | TILA XXXXR - Originator Company XXXX information on documents does not match XXXX website | Truth in Lending Act (XXXXR Dodd- Frank 2014): Loan Originator Organization XXXX information on loan documents does not match XXXX. |  |  |  |  | Reviewer Comment (XXXX-10-01): updated<br>Seller Comment (XXXX-09-30): (Rate Lock) Please advise what documents | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | D B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | 34498823 | 200190859-22523 | 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 disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XXXX). The disclosed Total of Payments in the amount of $XXXX is under disclosed by $XXXX compared to the calculated total of payments of $XXXX which exceeds the $XXXX threshold. (Final/XXXX) | Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XXXX). The disclosed Total of Payments in the amount of $XXXX is under disclosed by XXXX compared to the calculated total of payments of $XXXX which exceeds the XXXX threshold. |  |  |  | Reviewer Comment (XXXX-11-28): XXXXXXXX received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD<br>Reviewer Comment (XXXX-11-11): Courier does not show a record of receiving the remediation package at this time.<br>Seller Comment (XXXX-11-10): (Rate Lock) Docs provided; XXXX not needed since it is not a TILA issue<br>Reviewer Comment (XXXX-09-23): XXXXXXXX received rebuttal that TOP was not underdisclosed at closing. But as noted on rebuttal the PCCD TOP calculation was $XXXX more than the Final CD TOP calculation. The Section D fees increased $XXXX post close and thus the Final CD was underdisclosed over threshold. Corrected CD, LOE to borrower, copy of cure refund of $XXXX, proof of mailing and proof of reopening of rescission to all consumers to cure.<br>Seller Comment (XXXX-XXXX): (Rate Lock) Final PCCD TOP reflects $XXXX and CD signed at close is $XXXX therefore the fees are not under-disclosed | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | 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 i(required on rescindable transactions) B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | 34498824 | 200190859-4566 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. (Final/XXXX) | Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. |  |  |  | Reviewer Comment (XXXX-09-23): Corrected CD provided to borrower prior to reporting.<br>Seller Comment (XXXX-09-23): (Rate Lock) PCCD from XXXX reflects they declined the escrow account | XXXX | XXXX | 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 | 4350118020 | XXXX | 34498825 | 200190859-4407 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. (Final/XXXX) | Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. |  |  |  | Reviewer Comment (XXXX-09-23): Corrected CD provided to borrower prior to reporting.<br>Seller Comment (XXXX-09-23): (Rate Lock) PCCD from XXXX reflects they declined the escrow account | XXXX | XXXX | 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 | 4350118020 | XXXX | 34954185 | 200190859-29645 | XXXX | Compliance | Compliance | Federal Compliance | TILA | TILA Extended Rescission: Inaccurate material disclosures provided to borrower at consummation on a rescindable transaction resulting in extended rescission rights (3 years from consummation). Re-disclosure of accurate material disclosures, LOE, re-opening of rescission and proof of delivery required. |  | This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower three days to cancel the transaction from date of delivery. |  |  |  | Reviewer Comment (XXXX-11-28): XXXXXXXX received Executed RTC and received 3 business days prior to cancel by date. | XXXX | XXXX | 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 notice of rescission model form B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117905 | XXXX | 34654391 | 200190886-4256 | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 722 is less than Guideline representative FICO score of 740. |  | Seasoned Borrower/Investor whose experience exceeds XXXX projects.<br>Miscellaneous | # of Properties Completed: XXXX<br>0x30x24 | XXXX | Reviewer Comment (XXXX-10-06): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117905 | XXXX | 34654568 | 200190886-23089 | XXXX | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | Valuation Type: Appraisal / Valuation Report Date: XXXX | The appraisal provided reflects the transaction as a purchase and does not have the borrower as the Owner of Record. | Seasoned Borrower/Investor whose experience exceeds XXXX projects.<br>Miscellaneous | # of Properties Completed: XXXX<br>0x30x24 | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception provided with Compensating Factors.<br>Seller Comment (XXXX-11-10): (Rate Lock) corrected exception provided<br>Reviewer Comment (XXXX-10-30): Re-issue of an appraisal is allowed with "The borrower(s) and lender (XXXX) must be the same on the original and subsequent transaction"." The borrower is the same however the lender is not XXXX (XXXX).<br>Reviewer Comment (XXXX-10-10): The issue is not the loan, but the data on the Appraisal. It is not accurate for the subject transaction.<br>Seller Comment (XXXX-10-08): (Rate Lock) Title commitment 1st page shows the owner of records as borrower and the lien recorded date. The property was listed for sale on XXXX and borrower had entered the purchased contract on XXXX. He is refinancing now. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | 34517795 | 200190946-32065 | XXXX | Credit | Title | Document Error | Title | The 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. |  | Final Title Policy not provided |  |  |  | Reviewer Comment (XXXX-09-30): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-09-26): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | 34517842 | 200190946-25029 | 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-10-21): Updated documentation provided.<br>Seller Comment (XXXX-10-21): (Rate Lock) DTI Is 49.829 | XXXX | 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 | 4350118033 | XXXX | 34517843 | 200190946-25040 | 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). |  |  |  |  | Reviewer Comment (XXXX-10-22): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-22): (Rate Lock) Please waive<br>Reviewer Comment (XXXX-10-21): This has to do with the Qualification Method, not the DTI.<br>Seller Comment (XXXX-10-21): (Rate Lock) DTI Is 49.829 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | 34517844 | 200190946-25042 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Non QM DTI significantly exceeds Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the 1026.43(c)(5) of 56.19% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) |  |  |  |  | Reviewer Comment (XXXX-10-21): Updated documentation provided.<br>Seller Comment (XXXX-10-21): (Rate Lock) DTI Is 49.829<br>Reviewer Comment (XXXX-10-17): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the 1026.43(c)(5) of 57.52% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.)<br>Reviewer Comment (XXXX-10-07): LAS report emailed to show breakdown of debt/income. Our income matches. Difference is in the debts.<br>Seller Comment (XXXX-10-02): (Rate Lock) There are 2 conditions added by XXXX with different DTT calculations; this condition is reflecting 57.52% and the other is showing 51.32%.<br> Our system calculated DTI is 50.252%<br>Reviewer Comment (XXXX-09-30): Please provide detail of question asked XXXX. (rate lock) Above condition states DTI of 51.32582 please advise which number is correct and How you came to this number.<br>Seller Comment (XXXX-09-26): (Rate Lock) icd and proof cd was viewed XXXX provided<br>Seller Comment (XXXX-09-26): (Rate Lock) Above condition states DTI of 51.32582 please advise which number is correct and how you came to this number | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | 34517848 | 200190946-34957 | 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 | Valid change of circumstance or sufficient cure is missing. |  |  |  | Reviewer Comment (XXXX-09-29): XXXXXXXX received initial CD dated 0XXXX and corresponding COC. | XXXX | 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 | 4350118033 | XXXX | 34517849 | 200190946-6542 | 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. $XXXX over legal limit. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-10-24): XXXXXXXX received PCCD, LOE, Copy of Refund Check and Proof of Mailing.<br>Seller Comment (XXXX-10-24): (Rate Lock) additional cure provided<br>Reviewer Comment (XXXX-10-17): XXXXXXXX received rebuttal, and COC dated XXXX, but it does not give sufficient information on why the appraisal fee was increased as it only states appraisal fee. In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change. A valid COC or cure is required. Cure documents consist of PCCD, LOE, proof of mailing and copy of refund check.<br>Seller Comment (XXXX-10-15): (Rate Lock) COC done on XXXX to increase it to t$XXXX therefore only $v XXXX<br>Reviewer Comment (XXXX-10-15): XXXXXXXX received cure documents for the cure of $XXXX. However, the required cure for appraisal fee is $XXXX. Please provide remaining cure to address this exception.<br>Seller Comment (XXXX-10-14): (Rate Lock) Docs provided | XXXX | XXXX | 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 | 4350118033 | XXXX | 34517858 | 200190946-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. |  |  |  | Reviewer Comment (XXXX-09-29): XXXXXXXX received initial CD dated 0XXXX.<br>Seller Comment (XXXX-09-26): (Rate Lock) icd and proof cd was viewed XXXX provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | 34517859 | 200190946-4264 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.99 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 verified disposable income of at least XXXX.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. | 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>Borrower's Own Funds Percent: 24.39%<br> Borrower's Own Funds Amount: $XXXX | XXXX | Reviewer Comment (XXXX-09-30): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-09-26): (Rate Lock) Please waive EV2<br>Reviewer Comment (XXXX-09-23): Borrower Exception Requested:<br> Borrower received a lump sum of 2 mos rent and security deposit vs 3 months rent to offset mortgage on one of the investment properties. currently rents from departing home are being used for a net income of 0. However if we use positive rents (lease \* 0.75) DTI goes down to 42.349 (same borrower as exception 6094) | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | 34517860 | 200190946-5366 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 50.00088% exceeds Guideline total debt ratio of 50.00000%. | Calculated investor qualifying total debt ratio of 51.32582% exceeds Guideline total debt ratio of 50.00000%. |  |  |  | Reviewer Comment (XXXX-10-16): Updated documentation provided.<br>Reviewer Comment (XXXX-10-16): EXCEPTION HISTORY - Exception Explanation was updated on XXXX PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of 61.21383% exceeds Guideline total debt ratio of 50.00000%.<br>Reviewer Comment (XXXX-10-07): EXCEPTION HISTORY - Exception Explanation was updated on XXXX PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of 51.32582% exceeds Guideline total debt ratio of 50.00000%. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | 34517894 | 200190946-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | 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 DTI exceeding guides of 50% |  |  |  | Reviewer Comment (XXXX-10-21): Updated documentation provided.<br>Seller Comment (XXXX-10-21): (Rate Lock) DTI Is 49.829 | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | 34747860 | 200190946-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Loan file missing proof of receipt of 3 months rental income. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | 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>Borrower's Own Funds Percent: 24.39%<br> Borrower's Own Funds Amount: $XXXX | XXXX | Reviewer Comment (XXXX-10-16): Lender Exception with Compensating Factor. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | 34445861 | 200190953-28330 | 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.00. | Borrower intends to go below the XXXX loan amount threshold. Requesting a XXXX loan amount. | 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 | FICO higher than 740, AND at least 20 points higher than guideline minimum.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-09-16): Client elects to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | 34445878 | 200190953-2724 | 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) | HOEPA Assignment Notice is not located in file. |  |  |  | Reviewer Comment (XXXX-11-05): Client agreed for this loan to lower discount point threshold XXXX. Applied offset for bona fide discount point and cleared high cost exceptions. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | 34445879 | 200190953-2729 | 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 | Total fees financed by lender exceed permitted threshold. HOEPA Disclosure is not located in file. |  |  |  | Reviewer Comment (XXXX-11-05): Client agreed for this loan to lower discount point threshold XXXX. Applied offset for bona fide discount point and cleared high cost exceptions. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | 34445880 | 200190953-2730 | 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. | Mortgage loan financed Points and Fees. |  |  |  | Reviewer Comment (XXXX-11-05): Client agreed for this loan to lower discount point threshold XXXX. Applied offset for bona fide discount point and cleared high cost exceptions. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | 34445881 | 200190953-2731 | 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. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. |  |  |  | Reviewer Comment (XXXX-11-05): Client agreed for this loan to lower discount point threshold XXXX. Applied offset for bona fide discount point and cleared high cost exceptions. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | 34445882 | 200190953-27560 | 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 5.45790% 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 .45790%). Non-Compliant High Cost Loan. | Total fees financed by lender is $XXXX. Threshold maximum is $XXXX |  |  |  | Reviewer Comment (XXXX-11-05): Client agreed for this loan to lower discount point threshold XXXX. Applied offset for bona fide discount point and cleared high cost exceptions. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | (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 | 4350118040 | XXXX | 34445883 | 200190953-4014 | 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. | Total fees financed by lender exceed permitted threshold. Pre-Loan Counseling status if not located in file. |  |  |  | Reviewer Comment (XXXX-11-05): Client agreed for this loan to lower discount point threshold XXXX. Applied offset for bona fide discount point and cleared high cost exceptions. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | 34447502 | 200190953-23380 | 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 |  | 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 | FICO higher than 740, AND at least 20 points higher than guideline minimum.<br>Housing payment history is 0x30x24 or better. | XXXX | Reviewer Comment (XXXX-09-29): Lender exception<br>Seller Comment (XXXX-09-25): (Rate Lock) Exception approved for this please review | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | 34647102 | 200190963-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XXXX) | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XXXX) The XXXX CD mentioned in the Disclosure Delivery Summary was not in file. Provide any CD dated prior to XXXX. |  |  |  | Reviewer Comment (XXXX-10-15): XXXXXXXX received initial CD dated 0XXXX. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | 34658042 | 200190963-4245 | 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 70.00000%. | 70.00% is the maximum for cash out on a rural property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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-11-05): Lender Exception with Compensating Factors provided.<br>Reviewer Comment (XXXX-10-31): The guideline maximum allowable LTV for cash out rural property is 70%. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | 34658043 | 200190963-4246 | 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 70.00000%. | 70.00% is the maximum for cash out on a rural property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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-11-05): Lender Exception with Compensating Factors provided.<br>Reviewer Comment (XXXX-10-31): The guideline maximum allowable LTV for cash out rural property is 70%. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | 34658188 | 200190963-6572 | 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) | Provide all appraisals and evidence the borrower received them at least 3 days prior to closing. |  |  |  | Reviewer Comment (XXXX-10-10): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-08): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | 34658229 | 200190963-34962 | 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. (Client:XXXX/XXXX) | Provide all appraisals and evidence the borrower received them at least 3 days prior to closing. |  |  |  | Reviewer Comment (XXXX-10-10): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-08): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118049 | XXXX | 34749515 | 200208030-27835 | 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-10-31): CDA provided.<br>Seller Comment (XXXX-10-29): (Rate Lock) CDA provided | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A C | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118049 | XXXX | 34764323 | 200208030-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide updated 1003 reflecting borrower's correct primary residence data and any additional supporting documentation required to calculate DTI and verify PITIA for the updated address. 1003 lists XXXX Rd as Primary, but Property History Report and tax verification show it as vacant land with $XXXX improvements. |  |  |  | Reviewer Comment (XXXX-11-13): Updated 1003 was provided and updated.<br>Seller Comment (XXXX-11-12): (Rate Lock) 1003 is updated to reflect the primary address as XXXX.<br>Reviewer Comment (XXXX-10-31): The XXXX provided does not show any property address. Unable to determine which property the XXXX report is for.<br>Seller Comment (XXXX-10-30): (Rate Lock) XXXX provided<br>Reviewer Comment (XXXX-10-24): No documentation provided.<br>Seller Comment (XXXX-10-23): (Rate Lock) XXXX confirms it is a 3bed bath property and when it was built<br>Reviewer Comment (XXXX-10-22): Please provide corrected 1003 with borrowers' current Primary. The 1003 reflects a primary address for the borrowers that is vacant land. For the new address you update, provide PITIA docs to calculate DTI.<br>Seller Comment (XXXX-10-22): (Rate Lock) No mortgage on the primary property, please advise what is needed | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A C | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | 34934661 | 200208036-27012 | 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 below 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. | 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-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | 34948106 | 200208036-5382 | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided |  |  |  |  |  | Reviewer Comment (XXXX-11-13): Closing Protection Letter not provided Cleared.<br>Seller Comment (XXXX-11-12): (Rate Lock) Not required in XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | 34774706 | 200208056-4245 | 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%. | Calculated loan to value percentage of 80.00000% exceeds Guideline loan to value percentage of 75.00000%. | The representative FICO score exceeds the guideline minimum by at least 40 points. | The representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-10-22): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | 34774712 | 200208056-25749 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | HUD/CD missing in Loan File. |  |  |  | Reviewer Comment (XXXX-10-31): Exception cleared. Closing statement provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | 34774746 | 200208056-4264 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.94 is less than Guideline PITIA months reserves of 6.00. | Calculated PITIA months reserves of 5.94 is less than Guideline PITIA months reserves of 6.00. |  |  |  | Reviewer Comment (XXXX-10-29): Paid invoice of $XXXX is available in file. Verified and updated details. Reserves requirements are met. Exception Cleared.<br>Seller Comment (XXXX-10-29): (Rate Lock) As per the settlement statement the cash to close is XXXX<br> Liquid assets: $XXXX<br> Remaining funds for reserves $XXXX<br> Reserves verified $XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | 34777301 | 200208056-27012 | 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 0.80 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR less than guideline minimum of 1.00. | The representative FICO score exceeds the guideline minimum by at least 40 points. | The representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-10-22): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | 34777302 | 200208056-4246 | 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%. | Calculated loan to value percentage of 80.00000% exceeds Guideline loan to value percentage of 75.00000%. | The representative FICO score exceeds the guideline minimum by at least 40 points. | The representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-10-22): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117919 | XXXX | 34623763 | 200208072-929 | 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 | 1004D/442 Document is Missing. |  |  |  | Reviewer Comment (XXXX-11-21): 1004D/442 was provided.<br>Seller Comment (XXXX-11-21): (Rate Lock) 1004D provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117919 | XXXX | 34623767 | 200208072-27012 | 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. |  | 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'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-10-10): Lender Exception with Compensating Factors provided.<br>Seller Comment (XXXX-10-08): (Rate Lock) please clear<br>Reviewer Comment (XXXX-10-02): Lender exception. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118037 | XXXX | 34785212 | 200208093-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception: Approved Lender Exception - Allow XXXX NSF over last year.. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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-10-24): Lender Exception with Compensating Factors provided.<br>Reviewer Comment (XXXX-10-23): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118037 | XXXX | 34785294 | 200208093-31591 | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | File does not contain documentation from lender/seller confirming the condo is warrantable. Please provide the Condo questionnaire. LTV/CLTV reduces to 70% if Non-Warrantable. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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-11-05): Non-Warrantable Condos Acceptable.<br>Seller Comment (XXXX-11-03): (Rate Lock) The project is only 2 units, so condo qualifies for a project waiver | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118037 | XXXX | 34785321 | 200208093-6572 | 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-11-05): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-03): (Rate Lock) EV2 accept please clear | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118037 | XXXX | 34785325 | 200208093-4433 | 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) | Page 4 of the Final Closing Disclosure does not indicate the reason for no escrow account. |  |  |  | Reviewer Comment (XXXX-11-03): XXXXXXXX Received Letter of Explanation & Corrected Closing Disclosure. | XXXX | XXXX | 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 | 4350118087 | XXXX | 34794686 | 200208096-28330 | 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.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 qualifying DSCR on the loan is greater than the guideline minimum. | Lender Exception with Compensating Factors provided.<br>The DSCR of 1.33 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided.<br>Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118087 | XXXX | 34809284 | 200208096-6999 | XXXX | Credit | Property - Appraisal | Property Eligibility - Site and Utilities | Property - Appraisal | Comparables or Comparable adjustments are unreasonable for the value being supported |  | Comparables had some significant adjustments. | 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 qualifying DSCR on the loan is greater than the guideline minimum. | Lender Exception with Compensating Factors provided.<br>The DSCR of 1.33 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118051 | XXXX | 34738821 | 200208106-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception: Approved Lender Exception - HOA does not have XXXX/Crime coverage as required per guidelines. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-10-24): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-22): (Rate Lock) Please waive<br>Reviewer Comment (XXXX-10-16): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118051 | XXXX | 34738828 | 200208106-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception: Approved Lender Exception - Requesting an exception as the HOA legal documents allow for timeshare ownership — (although the HOA has confirmed there are currently no time-share units) | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-10-24): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-22): (Rate Lock) Please waive<br>Reviewer Comment (XXXX-10-16): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118051 | XXXX | 34738902 | 200208106-25838 | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX, XXXX, XXXX Insurance Verification | The Insurance Verification is missing for the REO property located at XXXX. |  |  |  | Reviewer Comment (XXXX-10-31): Exception cleared.<br>Seller Comment (XXXX-10-30): (Rate Lock) Updated 1003 provided with the property removed as it is a commercial property. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118028 | XXXX | 34781875 | 200208124-33616 | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | Disclosure: E-Sign Consent Agreement | Missing Electronic Consent. |  |  |  | Reviewer Comment (XXXX-10-28): E-sign Consent Agreement document received - Exception cleared<br>Seller Comment (XXXX-10-27): (Rate Lock) Doc provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118028 | XXXX | 34785276 | 200208124-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a non-arms length transaction. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. |  | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided.<br>Reviewer Comment (XXXX-10-23): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | 34601431 | 200208132-25838 | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX, XXXXXXXX Statement | Mortgage statement for XXXX is missing from file. |  |  |  | Reviewer Comment (XXXX-11-03): taxes, HOI and credit report P&I being used for PITIA | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | 34601946 | 200208132-28407 | 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-10-08): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-04): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | 34601951 | 200208132-34957 | 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-10-06): XXXXXXXX received a valid COC.<br>Seller Comment (XXXX-10-04): (Rate Lock) CIC proivded | XXXX | 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 | 4350117967 | XXXX | 34606440 | 200208132-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Mortgage statement for XXXX is missing. |  |  |  | Reviewer Comment (XXXX-11-03): taxes, HOI and credit report P&I being used for PITIA | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | 34606477 | 200208132-25029 | 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 the mortgage statement missing for XXXX. |  |  |  | Reviewer Comment (XXXX-11-06): Document Provided.<br>Seller Comment (XXXX-11-04): (Rate Lock) HOA docs provided | XXXX | 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 | 4350117967 | XXXX | 34606478 | 200208132-33058 | 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.) | Mortgage statement missing for XXXX. |  |  |  | Reviewer Comment (XXXX-11-03): taxes, HOI and credit report P&I being used for PITIA | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | 34606483 | 200208132-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Mortgage statement missing for XXXX. |  |  |  | Reviewer Comment (XXXX-11-03): taxes, HOI and credit report P&I being used for PITIA | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | 34888590 | 200208132-25838 | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX, XXXXXXXX HOA Verification | Missing for non-subject REO. |  |  |  | Reviewer Comment (XXXX-11-06): Document Provided.<br>Seller Comment (XXXX-11-04): (Rate Lock) HOA docs provided | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | 34888591 | 200208132-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Missing HOA verification for non-subject REO. |  |  |  | Reviewer Comment (XXXX-11-06): Document Provided.<br>Seller Comment (XXXX-11-04): (Rate Lock) HOA docs provided | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | 34920356 | 200208132-25034 | 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 55.24925% moderately exceeds the guideline maximum of 55.00%. (DTI Exception is eligible to be regraded with compensating factors.) | Please provide supporting documentation that supports the increase o9 income from $XXXX |  |  |  | Reviewer Comment (XXXX-11-18): updated income worksheet provided<br>Reviewer Comment (XXXX-11-18): Exception remains. Per UW income worksheet<br>Seller Comment (XXXX-11-17): (Rate Lock) income analysis provided<br>Reviewer Comment (XXXX-11-17): Documents not provided. Please provide supporting documentation that supports the increase of income from $XXXX.<br>Seller Comment (XXXX-11-17): (Rate Lock) 1008 with updated income calculation and URLA provided<br>Reviewer Comment (XXXX-11-14): Please provide supporting documentation that supports the increase o9 income from $XXXX to $XXXX.<br>Seller Comment (XXXX-11-13): (Rate Lock) Income re-worked; the DTI is lower than it was approval. This should be acceptable as it is not at 55% | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | 34920367 | 200208132-5366 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 55.24925% exceeds Guideline total debt ratio of 55.00000%. | Added HOA $XXXX for other property |  |  |  | Reviewer Comment (XXXX-11-18): updated per income worksheet was provided<br>Seller Comment (XXXX-11-17): (Rate Lock) income analysis provided<br>Reviewer Comment (XXXX-11-17): Documents not provided. Please provide supporting documentation that supports the increase of income from $XXXX.<br>Seller Comment (XXXX-11-17): (Rate Lock) 1008 with updated income calculation and URLA provided<br>Reviewer Comment (XXXX-11-14): Please provide supporting documentation that supports the increase o9 income from XXXX<br>Seller Comment (XXXX-11-13): (Rate Lock) Income re-worked; the DTI is lower than it was approval. This should be acceptable as it is not at 55% | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | 34738982 | 200208165-6572 | 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-10-28): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-23): (Rate Lock) Please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | 34793263 | 200208180-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception: Property zoning is Diverse Agriculture District in XXXX. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>0x30x24 | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | 34809353 | 200208180-4245 | 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 79.36508% exceeds Guideline loan to value percentage of 65.00000%. | Maximum LTV is 65%. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>0x30x24 | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | 34809354 | 200208180-4246 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 79.36508% exceeds Guideline combined loan to value percentage of 65.00000%. | Maximum CLTV is 65%. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>0x30x24 | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | 34809355 | 200208180-25040 | 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). | Lender used the I/O payment to qualify the borrower, however QM requires the borrower to be qualified at 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. |  |  |  | Reviewer Comment (XXXX-11-05): Client accepts EV2 Grade and elects to Waive.<br>Reviewer Comment (XXXX-10-31): (Rate Lock) Lender accepts EV2<br>Seller Comment (XXXX-10-30): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117915 | XXXX | 34777153 | 200208184-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for vacant units. Max vacancy on a 4 unit property is 2 units. Exception granted for 4 vacant units. | 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'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-10-22): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | 34793448 | 200208191-6582 | 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-10-24): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | 34809379 | 200208191-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Provide evidence the borrower is 100% owner of the business used to qualify. Articles of Incorporation are incomplete and do not reflect owners/members and percentage. Borrower listed as Manager and they do not have to be owners. Articles of incorporation missing pages. |  |  |  | Reviewer Comment (XXXX-11-26): Received LOE and Schedule C in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | 34809380 | 200208191-28636 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Provide evidence the borrower is 100% owner of the business used for qualifying assets. Articles of Incorporation are incomplete and do not reflect owners/members and percentage. Borrower listed as Manager and they do not have to be owners. Articles of incorporation missing pages. |  |  |  | Reviewer Comment (XXXX-11-26): Received LOE and Schedule C in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | 34809381 | 200208191-25029 | 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. | Provide evidence the borrower is 100% owner of the business used for qualifying income and assets. Articles of Incorporation are incomplete and do not reflect owners/members and percentage. Borrower listed as Manager and they do not have to be owners. Articles of incorporation missing pages. |  |  |  | Reviewer Comment (XXXX-11-26): Received LOE and Schedule C in trailing docs. | XXXX | XXXX | XXXX | 1 B A C | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | 34809382 | 200208191-33058 | 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.) | Provide evidence the borrower is 100% owner of the business used for qualifying income and assets. Articles of Incorporation are incomplete and do not reflect owners/members and percentage. Borrower listed as Manager and they do not have to be owners. Articles of incorporation missing pages. |  |  |  | Reviewer Comment (XXXX-11-26): Received LOE and Schedule C in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | 34809383 | 200208191-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Provide evidence the borrower is 100% owner of the business used for qualifying income and assets. Articles of Incorporation are incomplete and do not reflect owners/members and percentage. Borrower listed as Manager and they do not have to be owners. Articles of incorporation missing pages. |  |  |  | Reviewer Comment (XXXX-11-26): Received LOE and Schedule C in trailing docs.<br>Reviewer Comment (XXXX-11-18): Third party verification for primary borrower's self-employment provided, however document doesn't disclose start date or duration. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | 34809385 | 200208191-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX XXXX Third Party Verification | Provide evidence the borrower is 100% owner of the business used for qualifying income. Articles of Incorporation are incomplete and do not reflect owners/members and percentage. Borrower listed as Manager and they do not have to be owners. Articles of incorporation missing pages. |  |  |  | Reviewer Comment (XXXX-11-26): Received LOE and Schedule C in trailing docs.<br>Reviewer Comment (XXXX-11-18): Third party verification for primary borrower's self-employment provided, however document doesn't disclose start date or duration. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | 34749952 | 200208217-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX XXXX, II 4506-C XXXX, 4506-C XXXX | 4506-C missing for borrower. |  |  |  | Reviewer Comment (XXXX-10-28): 8821 document received in lieu of 4506-C document .Exception cleared | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | 34749955 | 200208217-31591 | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX |  | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-10-17): exception to allow unique property. Property is detached , XXXX condo located within a Master Planned Resort, where all other units are owned by the Seller on this transaction. <br> Exception to allow short term rental income on purchase file without 12 month lookback period. <br> documents emailed for review. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | 34749978 | 200208217-6572 | 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 of appraisal being sent to borrower 3 days prior to closing. |  |  |  | Reviewer Comment (XXXX-10-28): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-22): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | 34750003 | 200208217-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception to allow short-term rental income on purchase file without 12 month lookback period. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-10-17): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | 34753307 | 200208217-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow unique property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-10-17): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117891 | XXXX | 34716836 | 200208218-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | 1003 shows the borrower living in a primary residence for the last 2 years. Mortgage history missing from the loans file. Lis Pendens filed XXXX. Provide 24 month chain of title to verify borrower was not included in Lis Pendens or on title. |  |  |  | Reviewer Comment (XXXX-11-13): Document provided.<br>Seller Comment (XXXX-11-12): (Rate Lock) XXXX XXXX XXXX XXXX was a transfer from an estate to borrower, attached Deed.<br>Reviewer Comment (XXXX-10-16): 1003 shows the borrower living in a primary residence for the last 2 years. Mortgage history missing from the loans file. Lis Pendens filed XXXX. Provide 24 month chain of title to verify borrower was not included in Lis Pendens or on title. For Primary property XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117891 | XXXX | 34717451 | 200208218-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Guidelines require Compensating Factors for First Time Investor. Please provide. |  |  |  | Reviewer Comment (XXXX-10-21): Lender provided compensating factors to allow FTHB.<br>Seller Comment (XXXX-10-21): (Rate Lock) Docs provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117891 | XXXX | 34717465 | 200208218-4268 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Borrower's own funds percent discrepancy. | Calculated borrower's own funds of 2.83% is less than Guideline required borrower's own funds of 5.00%. | Borrower own funds percentage not met. | 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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>The DSCR of 1.23 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-10-21): Lender Exception with Compensating Factors provided.<br>Seller Comment (XXXX-10-21): (Rate Lock) Docs provided | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | 34931874 | 200208233-6336 | XXXX | Compliance | Compliance | State Compliance | Misc. State Level | (XXXX50(a)(6)) XXXX Cash-out Loan (T-42 Endorsement Not Obtained) | XXXX Constitution Section 50(a)(6): Acceptable XXXX title insurance endorsements not obtained for home equity loan. Although the loan file contains the T-42 Endorsement, there is no evidence the Title Policy includes the XXXX T-42.1 endorsement. (The loan is a XXXX Section 50 (a)(6) home equity loan.) | Missing evidence Title Policy includes the XXXX T-42.1 endorsement. |  |  |  | Reviewer Comment (XXXX-11-13): Lender elects to waive<br>Seller Comment (XXXX-11-12): (Rate Lock) icd provided<br>Seller Comment (XXXX-11-12): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | 34931876 | 200208233-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XXXX) | Initial CD in loan file is dated XXXX, however the Disclosure summary reflects a XXXX CD which was not present in the file. Please provide theXXXX CD and any additional CDs for the transaction. |  |  |  | Reviewer Comment (XXXX-11-12): XXXXXXXX received XXXX CD received 3 business days prior to consummation.<br>Seller Comment (XXXX-11-12): (Rate Lock) ICD provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | 34931877 | 200208233-34957 | 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 decreased without a valid change in circumstance. Cure was not provided at closing. |  |  |  | Reviewer Comment (XXXX-11-12): XXXXXXXX Received Valid COC along with revised CD.<br>Seller Comment (XXXX-11-12): (Rate Lock) CIC provided | XXXX | XXXX | 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 | 4350117960 | XXXX | 34937197 | 200208233-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The subject is a rural property with multiple parcels under 1 deed. One parcel is non-buildable with a pool house with living space, wet bar, and half bath, which cannot be rebuilt. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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>Borrower has verified disposable income of at least XXXX.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-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | 34974711 | 200208233-36435 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Additional 3-Day Waiting Period Timing Test – Regular Transaction | TILA-RESPA Integrated Disclosure – Most recent Closing Disclosure received at least 3 days prior to closing dated XXXX disclosed an inaccurate APR of 7.19700% compared to the actual APR at consummation of 7.36732% and a revised CD disclosing an accurate APR was not received by borrower at least three (3) business days prior to consummation. | XXXXXXXX received XXXX Initial CD. CD reflects APR of 7.197%. The subsequent CD issued was the XXXX CD which reflects an APR of 7.361% and increased the APR over .125%. The earliest proof of receipt was electronic receipt noted on XXXX message viewed on disclosure tracking. With consummation date of XXXX, this was not received 3 business days prior to and does not meet timing requirements. |  |  |  | Reviewer Comment (XXXX-11-14): XXXXXXXX received XXXX CD with wet signed earliest on XXXX | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | 34974712 | 200208233-30168 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure – Corrected Closing Disclosure provided on or after 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 | XXXXXXXX received XXXX Initial CD. CD reflects APR of 7.197%. The subsequent CD issued was the XXXX CD which reflects an APR of 7.361% and increased the APR over .125%. The earliest proof of receipt was electronic receipt noted on XXXX message viewed on disclosure tracking. With consummation date of XXXX, this was not received 3 business days prior to and does not meet timing requirements. |  |  |  | Reviewer Comment (XXXX-11-14): XXXXXXXX received XXXX CD with wet signed earliest on XXXX | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117952 | XXXX | 34957350 | 200208235-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | -Roofs are insured at actual cash value vs. replacement cost.- Master policy excludes sprinkler leakage coverage. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | A B | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | 34788204 | 200208236-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Account Statements - Business | XXXX XXXX XXXX to XXXX Bank statement is missing. |  |  |  | Reviewer Comment (XXXX-10-31): Bank statement provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | 34788206 | 200208236-27655 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided |  | XXXX XXXX XXXX to XXXX Bank statement is missing. |  |  |  | Reviewer Comment (XXXX-12-03): LOE for account switch and Additional bank statement provided.<br>Reviewer Comment (XXXX-10-31): Exception cleared. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | 34788270 | 200208236-25029 | 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 1 month bank statement. |  |  |  | Reviewer Comment (XXXX-12-03): LOE for account switch and Additional bank statement provided.<br>Reviewer Comment (XXXX-10-31): Exception cleared. | XXXX | XXXX | 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 | 4350117940 | XXXX | 34788271 | 200208236-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Guideline requirement not met due to Income 1 month bank statement is missing. |  |  |  | Reviewer Comment (XXXX-12-03): LOE for account switch and Additional bank statement provided.<br>Reviewer Comment (XXXX-10-31): Exception cleared. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | 34788273 | 200208236-33058 | 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.) | XXXX XXXX XXXX to XXXX Bank statement is missing. |  |  |  | Reviewer Comment (XXXX-10-31): 12th bank statement provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | 34788274 | 200208236-6543 | 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 was increased on the XXXX Loan Estimate and again on the XXXX Closing Disclosure with no valid change evident. |  |  |  | Reviewer Comment (XXXX-11-03): XXXXXXXX received Letter of Explanation, Payment history and Corrected CD. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Second Home | 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 | 4350117940 | XXXX | 34788279 | 200208236-4245 | 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 90.00000% exceeds Guideline loan to value percentage of 80.00000%. | Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | 34788280 | 200208236-4246 | 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 90.00000% exceeds Guideline combined loan to value percentage of 80.00000%. | Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | 34788281 | 200208236-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | XXXX XXXX XXXX to XXXX Bank statement is missing. |  |  |  | Reviewer Comment (XXXX-12-03): LOE for account switch and Additional bank statement provided.<br>Reviewer Comment (XXXX-10-31): Exception cleared. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | 34788475 | 200208236-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for XXXX's in business checking account. | Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | 34967929 | 200208238-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX XXXX Third Party Verification | Loan file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-26): Received Business entity online information in trailing docs.<br>Seller Comment (XXXX-11-26): (Rate Lock) Proof borrower is sole owner provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | 34967930 | 200208238-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-26): Received Business entity online information in trailing docs.<br>Seller Comment (XXXX-11-26): (Rate Lock) Proof borrower is sole owner provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | 34967933 | 200208238-25029 | 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 file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-26): Received Business entity online information in trailing docs.<br>Seller Comment (XXXX-11-26): (Rate Lock) Proof borrower is sole owner provided | XXXX | XXXX | XXXX | 1 B A C | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation C | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | 34967934 | 200208238-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-26): Received Business entity online information in trailing docs.<br>Seller Comment (XXXX-11-26): (Rate Lock) Proof borrower is sole owner provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | 34967935 | 200208238-33058 | 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.) | Loan file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-26): Received Business entity online information in trailing docs.<br>Seller Comment (XXXX-11-26): (Rate Lock) Proof borrower is sole owner provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | 34754734 | 200208247-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for XXXX concurrent loans with total loan amounts of $XXXX million. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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>Borrower has verified disposable income of at least XXXX.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-10-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117908 | XXXX | 34838928 | 200208248-7905 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and 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. | Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-28): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117939 | XXXX | 34782917 | 200208253-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower has XXXX concurrent loans with total loan amounts over $XXXX - total of $XXXX | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-23): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117955 | XXXX | 34959791 | 200208261-28407 | 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. | Safe Harbor requirements not satisfied. |  |  |  | Reviewer Comment (XXXX-12-03): EV2, client elected to waive<br>Reviewer Comment (XXXX-11-18): EV2, client elected to waive<br>Seller Comment (XXXX-11-17): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Debt Consolidation | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117955 | XXXX | 34959830 | 200208261-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower has a 1x30x12 in XXXX XXXX due to a late account receivable paid to the borrower's business. | 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 XXXX.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. | 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 XXXX.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. | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Debt Consolidation | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | 34764077 | 200208299-32066 | XXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: Commitment <br> State: XXXX |  |  |  |  | Reviewer Comment (XXXX-10-27): Title amount provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | 34764082 | 200208299-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX CPA Letter | Provide the CPA letter for the business "The XXXX" showing ownership percentage within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-11-07): Operating Agreement reflects percentage.<br>Reviewer Comment (XXXX-10-27): Borrower is designated as Manager and Agent, neither of these are require to be the sole member. Please provide Operating Agreement, or CPA letter showing percentage of ownership, or EIN showing borrower as Sole Member.<br>Seller Comment (XXXX-10-23): (Rate Lock) Doc provided showing borrower is sole organizer | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | 34764084 | 200208299-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Provide the CPA letter for the business "The XXXX" showing ownership percentage within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-11-07): Operating Agreement reflects percentage.<br>Reviewer Comment (XXXX-10-27): Borrower is designated as Manager and Agent, neither of these are require to be the sole member. Please provide Operating Agreement, or CPA letter showing percentage of ownership, or EIN showing borrower as Sole Member.<br>Seller Comment (XXXX-10-23): (Rate Lock) Doc provided showing borrower is sole organizer | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | 34764088 | 200208299-6572 | 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) | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-10-27): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-23): (Rate Lock) Please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | 34764089 | 200208299-25029 | 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. | Provide the CPA letter for the business "The XXXX" showing ownership percentage within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-11-07): Operating Agreement reflects percentage.<br>Reviewer Comment (XXXX-10-27): Borrower is designated as Manager and Agent, neither of these are require to be the sole member. Please provide Operating Agreement, or CPA letter showing percentage of ownership, or EIN showing borrower as Sole Member.<br>Seller Comment (XXXX-10-23): (Rate Lock) Doc provided showing borrower is sole organizer | XXXX | 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 | 4350117993 | XXXX | 34764090 | 200208299-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Provide the CPA letter for the business "The XXXX" showing ownership percentage within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-11-07): Operating Agreement reflects percentage.<br>Reviewer Comment (XXXX-10-27): Borrower is designated as Manager and Agent, neither of these are require to be the sole member. Please provide Operating Agreement, or CPA letter showing percentage of ownership, or EIN showing borrower as Sole Member.<br>Seller Comment (XXXX-10-23): (Rate Lock) Doc provided showing borrower is sole organizer | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | 34764094 | 200208299-33058 | 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.) | Provide the CPA letter for the business "The XXXX" showing ownership percentage within 120 calendar days prior to the note date. |  |  |  | Reviewer Comment (XXXX-11-07): Operating Agreement reflects percentage.<br>Seller Comment (XXXX-11-07): (Rate Lock) OA provided showing ownership<br>Reviewer Comment (XXXX-10-27): Borrower is designated as Manager and Agent, neither of these are require to be the sole member. Please provide Operating Agreement, or CPA letter showing percentage of ownership, or EIN showing borrower as Sole Member.<br>Seller Comment (XXXX-10-23): (Rate Lock) Doc provided showing borrower is sole organizer | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118034 | XXXX | 34784778 | 200208300-4436 | 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-11-03): Client elects to waive<br>Seller Comment (XXXX-10-30): (Rate Lock) This is an EV2 please waive.<br>Reviewer Comment (XXXX-10-28): Verification appraisal delivered to borrower not provided. - Exception remains.<br>Seller Comment (XXXX-10-27): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118034 | XXXX | 34784796 | 200208300-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | The Closing Disclosure issued XXXX was signed XXXX. Disclosure Summary shows a XXXX CD which is not in the file. |  |  |  | Reviewer Comment (XXXX-10-28): XXXXXXXX received XXXX CD received 3 business days prior to consummation.<br>Seller Comment (XXXX-10-27): (Rate Lock) ICD provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118034 | XXXX | 34788596 | 200208300-6583 | 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-10-23): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118029 | XXXX | 34658789 | 200208320-33058 | 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 income documents missing - XXXX W2 Transcripts. |  |  |  | Reviewer Comment (XXXX-10-27): 8821 in file and transcripts provided.<br>Seller Comment (XXXX-10-23): (Rate Lock) Transcripts provided<br>Reviewer Comment (XXXX-10-09): Exception is requesting Transcripts for the W-2, not the XXXX or 4506. Guidelines : The 4506-C or XXXX will be used to obtain tax transcripts for the year(s) of income used to qualify the borrower.<br>Seller Comment (XXXX-10-07): (Rate Lock) 8821 provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117898 | XXXX | 34745736 | 200208322-32065 | XXXX | Credit | Title | Document Error | Title | The 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. |  |  |  |  |  | Reviewer Comment (XXXX-10-28): Title coverage amount is available in title preliminary report. Exception Cleared.<br>Seller Comment (XXXX-10-23): (Rate Lock) Please waive | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117898 | XXXX | 34745821 | 200208322-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception requested and approved for borrower owns primary but not on mortgage and is also first unverified/no mortgage 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. | 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-10-21): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117898 | XXXX | 34754682 | 200208322-27012 | 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 0.80 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. | 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-10-21): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117948 | XXXX | 34886397 | 200208328-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Missing W2 tax transcript requirement for Borrower 2. WVOE and XXXX W2 provided. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower's Own Funds Percent: 36.45%<br> Borrower's Own Funds Amount: $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. | XXXX | Reviewer Comment (XXXX-11-04): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | 35001763 | 200208334-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower had XXXX+ overdrafts/NSF in a 12 month period. | 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>Borrower has owned the subject property for at least 5 years.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has verified disposable income of at least XXXX.00. | Combined Loan to Value: 57.43341%<br> Guideline Maximum Combined Loan to Value: 80.00000%<br>Loan to Value: 57.43341%<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>Borrower has owned the subject property for at least 5 years.<br>Guidelines Representative FICO: 660<br> Representative FICO: 738<br>Documentation Type: 12mo Bank Statement<br> Disposable Income: $XXXX | XXXX | Reviewer Comment (XXXX-11-18): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | 35001770 | 200208334-6572 | 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 within 3 business days prior to closing was not provided. |  |  |  | Reviewer Comment (XXXX-11-25): Client elects to waive.<br>Seller Comment (XXXX-11-20): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | 35001774 | 200208334-6583 | 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-11-18): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | 35073353 | 200208334-4264 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.21 is less than Guideline PITIA months reserves of 6.00. | Calculated PITIA months reserves of 5.21 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 XXXX.00.<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. | 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>Documentation Type: 12mo Bank Statement<br> Disposable Income: $XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Combined Loan to Value: 57.43341%<br> Guideline Maximum Combined Loan to Value: 80.00000%<br>Loan to Value: 57.43341%<br> Guideline Maximum Loan to Value: 80.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 738 | XXXX | Reviewer Comment (XXXX-11-28): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | 34640612 | 200208338-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception required for property with XXXXs exceeding the maximum of 10. | Borrower has verified disposable income of at least XXXX.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 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.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-06): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | 34640624 | 200208338-4245 | 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%. | Lender exception required for LTV of 85% when maximum allowed for rural property is 80%. | Borrower has verified disposable income of at least XXXX.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 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.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-06): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | 34640625 | 200208338-4246 | 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%. | Lender exception required for LTV of 85% when maximum allowed for rural property is 80%. | Borrower has verified disposable income of at least XXXX.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 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.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-06): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | 34641091 | 200208338-6572 | 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) | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX) |  |  |  | Reviewer Comment (XXXX-10-10): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-08): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | 34641093 | 200208338-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | No evidence the borrower was provided with a CD at least three (3) business days prior to closing. Disclosure Summary shows a XXXX CD issued, however it is not in file. |  |  |  | Reviewer Comment (XXXX-10-13): XXXXXXXX received XXXX Initial CD, 3 business days prior to the consummation. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | 34641095 | 200208338-6542 | 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 | Valid COC for the increase in the appraisal fee not in file. The property value does not affect the LTV on a purchase. |  |  |  | Reviewer Comment (XXXX-11-04): XXXXXXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. | XXXX | XXXX | 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 | 4350118052 | XXXX | 34658810 | 200208338-34962 | 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. (Client:XXXX/XXXX) | Appraisal reflects an update to the original. Provide all reports and evidence they were sent to the borrower. |  |  |  | Reviewer Comment (XXXX-10-10): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-08): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117907 | XXXX | 34849947 | 200208356-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The subject is a non arms length flip that was not marketed openly to the public. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Borrower's Experience/Track Record | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and XXXX.<br>Borrower's Experience/Track Record. The borrower Currently holds 2 Properties. | XXXX | Reviewer Comment (XXXX-11-06): Lender Exception with Compensating Factors provided.<br>Seller Comment (XXXX-11-04): (Rate Lock) Exception approved for this | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117925 | XXXX | 34803406 | 200208362-2904 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided |  | Guarantor Agreement is missing in Loan file. |  |  |  | Reviewer Comment (XXXX-10-31): Guarantor Agreement provided.<br>Seller Comment (XXXX-10-30): (Rate Lock) Doc provided | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | 34947940 | 200208374-5366 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 67.82147% exceeds Guideline total debt ratio of 55.00000%. | DTI is increased above allowable. Loan file doesn't contain any documentation to support the omission of business debts. |  |  |  | Reviewer Comment (XXXX-11-18): debt paid by business | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | 34947946 | 200208374-6583 | 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-11-10): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | 34947947 | 200208374-6583 | 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-11-10): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | 34947948 | 200208374-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | The only Closing Disclosure provided was the final, it was issued on same day as closing. |  |  |  | Reviewer Comment (XXXX-11-18): XXXXXXXX received XXXX CD received 3 business days prior to consummation. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | 34952099 | 200208374-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Omitted debt being paid by business. However, 3 of the 4 debts being required to be omitted have not been open for 12 months. 12 months of business paying the debts cannot be verified. | Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118054 | XXXX | 34792195 | 200208377-25838 | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX XXXX, XXXXXXXX HOA Verification | HOA document for property - XXXX XXXX, XXXXXXXX |  |  |  | Reviewer Comment (XXXX-10-31): HOA verification provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118054 | XXXX | 34792216 | 200208377-6572 | 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) | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-11-06): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-04): (Rate Lock) Please waive.<br>Reviewer Comment (XXXX-10-31): (Rate Lock) Lender accepts EV2<br>Seller Comment (XXXX-10-30): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118036 | XXXX | 34792833 | 200208382-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception: Allow XXXX NSF in the most recent 12 months exceeding the threshold of 6. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118036 | XXXX | 34792836 | 200208382-6572 | 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-12-03): Received proof of appraisal delivery in trailing docs.<br>Reviewer Comment (XXXX-10-31): Exception cleared. | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118036 | XXXX | 34792837 | 200208382-6446 | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.08097% or Final Disclosure APR of 8.14800% is equal to or greater than the threshold of APOR 6.22% + 1.5%, or 7.72000%. Non-Compliant Higher Priced Mortgage Loan. |  |  |  |  | Reviewer Comment (XXXX-12-03): Received proof of appraisal delivery in trailing docs.<br>Reviewer Comment (XXXX-10-31): Exception cleared. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118036 | XXXX | 34792838 | 200208382-7013 | 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. (Type:Primary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-12-03): Received proof of appraisal delivery in trailing docs.<br>Reviewer Comment (XXXX-10-31): Exception cleared. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117945 | XXXX | 34942430 | 200208396-26684 | XXXX | Property | Appraisal | Appraisal Reconciliation | Appraisal | Missing secondary valuation viaDesk Review, Field Review, or 2nd URAR, as required by client. |  |  |  |  |  | Reviewer Comment (XXXX-11-18): CDA was provided<br>Seller Comment (XXXX-11-18): (Rate Lock) CDA provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117945 | XXXX | 34942442 | 200208396-6572 | 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-11-17): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-17): (Rate Lock) lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117945 | XXXX | 35007945 | 200208396-6572 | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | Unable to determine if the borrower signed a valuation receipt acknowledgment due to missing information. (Type:Secondary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-11-19): Client elects to waive.<br>Seller Comment (XXXX-11-19): (Rate Lock) lendr accepts ev2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117934 | XXXX | 34793521 | 200208397-6572 | 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-11-06): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-04): (Rate Lock) please waive<br>Reviewer Comment (XXXX-10-31): (Rate Lock) Lender accepts<br>Seller Comment (XXXX-10-29): (Rate Lock) Lender accepts | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117927 | XXXX | 34788065 | 200208398-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Project is a condo hotel not affiliated with a national luxury hotel chain which allows nightly rentals, mandatory membership dues between $XXXX monthly for club amenities not owned by HOA and not fully completed until end of XXXX. 30 day instead of 60 day implied approval on material amendments on rentals must be managed by Hotel operator, project is new and will not meet presale as XXXX out of the XXXX total units are all under contract to investment properties, project includes XXXX hotel units in addition to the XXXX condo units, condo project shares common areas and amenities with hotel, commercial space for entire project is 50.7% | 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. | Lender Exception with Compensating Factors. (Over 50% of the units are pre sold to investors, XXXX units.) | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | 34786552 | 200208404-27012 | 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 1.09 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.25. |  |  |  |  | Reviewer Comment (XXXX-10-30): Confirmed XXXX DSCR 1.69, exception cleared.<br>Seller Comment (XXXX-10-27): (Rate Lock) Please see attached underwriting file showing final DSCR. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | 34802388 | 200208404-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower is first time investor with short term rental. | The Combined Loan to Value (CLTV) 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. | The DSCR of 1.25% is greater than the minimum required DSCR of 1.69%. | XXXX | Reviewer Comment (XXXX-10-30): Client elects to regrade and waive based on the following compensating factors: <br> The DSCR of 1.25% is greater than the minimum required DSCR of 1.69%.<br> Loan to Value: 60.00000%<br> Guideline Maximum Loan to Value: 75.00000%<br>Seller Comment (XXXX-10-27): (Rate Lock) Please see uploaded exception approval form. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | 34802391 | 200208404-4062 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Provide a Corporate Resolution, confirming the other Member's agreement to the transaction. |  |  |  | Reviewer Comment (XXXX-10-30): Corporate Resolution provided, exception cleared.<br>Seller Comment (XXXX-10-27): (Rate Lock) Please see uploaded corporate resolution. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118119 | XXXX | 34795685 | 200208405-6572 | 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-10-31): Exception cleared.<br>Seller Comment (XXXX-10-29): Appraisal dated XXXX, providing delivery confirmation sent on XXXX, loan closed on XXXX | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118119 | XXXX | 34803912 | 200208405-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for oil and gas lease on title. | 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 XXXX.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. | Reserves of 30+ months vs min 6 months (excludes proceeds)<br>DTII < 40% vs max 50%<br>Fico 792 vs Min 740. | XXXX | Reviewer Comment (XXXX-10-28): Client elects to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118121 | XXXX | 34795818 | 200208406-2802 | XXXX | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 |  | 1003 Initial - Lender's document is missing. |  |  |  | Reviewer Comment (XXXX-10-31): Exception cleared.<br>Seller Comment (XXXX-10-29): Please see attached initial singed 1003 | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Investment | Purchase | C A B | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118121 | XXXX | 34795825 | 200208406-4245 | 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 85.00000% exceeds Guideline LTV of 80.00000%, due to which this exception fired. |  |  |  | Reviewer Comment (XXXX-10-31): Exception cleared.<br>Seller Comment (XXXX-10-29): This is the open road program. Please see rate lock. 85 LTV is permissible. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C A B | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118121 | XXXX | 34795826 | 200208406-4246 | 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%. | CLTV of 85.00000% exceeds Guideline CLTV of 80.00000%, due to which this exception fired. |  |  |  | Reviewer Comment (XXXX-10-31): Exception cleared.<br>Seller Comment (XXXX-10-29): This is the open road program. Please see rate lock. 85 LTV is permissible. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C A B | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118117 | XXXX | 34784708 | 200208412-6572 | 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-10-30): Client elects to regrade to grade 2 and waive<br>Seller Comment (XXXX-10-27): Elect to waive and close out appraisal delivery confirmation grade 2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118117 | XXXX | 34784800 | 200208412-32065 | XXXX | Credit | Title | Document Error | Title | The 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. |  |  |  |  |  | Reviewer Comment (XXXX-10-30): Title Supplemental provided, exception cleared.<br>Seller Comment (XXXX-10-27): Title supplement | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118117 | XXXX | 34784822 | 200208412-2924 | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | Fraud Report is missing |  |  |  | Reviewer Comment (XXXX-10-30): Fraud report provided, exception cleared.<br>Seller Comment (XXXX-10-28): Fraud report and supplements to clear | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118117 | XXXX | 34802397 | 200208412-31591 | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo 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 XXXX.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.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118117 | XXXX | 34802401 | 200208412-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file missing 3 months' business bank statements to support P&L income. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118117 | XXXX | 34802402 | 200208412-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX, Borrower: XXXX XXXX Account Statements - Business<br> Account Statements - Business | Loan file missing 3 months' business bank statements to support P&L income. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117890 | XXXX | 34935051 | 200208418-5398 | XXXX | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | Borrower: XXXX XXXX |  |  |  |  | Reviewer Comment (XXXX-11-13): Document not required.<br>Seller Comment (XXXX-11-12): (Rate Lock) spouse is not required to sign a XXXX investment | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117890 | XXXX | 34935067 | 200208418-5383 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided |  |  |  |  |  | Reviewer Comment (XXXX-11-13): Document not required.<br>Seller Comment (XXXX-11-12): (Rate Lock) spouse is not required to sign a XXXX investment | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117890 | XXXX | 34938544 | 200208418-929 | 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 |  |  |  |  | Reviewer Comment (XXXX-11-13): Associated document provided.<br>Seller Comment (XXXX-11-12): (Rate Lock) There is the evaluation and inspection report completed showing the updates needed were completed | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118041 | XXXX | 34749873 | 200208420-6572 | 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) | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-10-24): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-22): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117923 | XXXX | 34784885 | 200208421-23928 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US citizen Status not provided |  | The 1003 indicates the Borrower is a Non-Permanent Resident Alien, the file is missing supporting documentation for the Borrowers status. |  |  |  | Reviewer Comment (XXXX-10-31): VISA form I-797A H1B approval provided.<br>Seller Comment (XXXX-10-30): (Rate Lock) Docs provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | 34939124 | 200208433-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | There are fraud alerts on the fraud report that have not been addressed. |  |  |  | Reviewer Comment (XXXX-11-19): Cleared, trail doc addressing fraud alert was provided<br>Reviewer Comment (XXXX-11-18): Fraud report is missing. Exception remains.<br>Seller Comment (XXXX-11-18): (Rate Lock) 1008 provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | 34939164 | 200208433-5205 | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | The OFAC search results are missing for the borrowing entity and the additional member. |  |  |  | Reviewer Comment (XXXX-11-19): trail doc was provided<br>Reviewer Comment (XXXX-11-18): Fraud report is missing. Exception remains.<br>Seller Comment (XXXX-11-18): (Rate Lock) 1008 provided<br>Seller Comment (XXXX-11-18): (Rate Lock) OFAC is only required for borrowers or members not the entity per guidelines. Final fraud report pulls an OFAC search | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | 34939483 | 200208433-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Loan file missing 3 months receipt of rent to use higher lease amount. | 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. | The DSCR of 1.328 is greater than the minimum required DSCR of 1.00 based on the earning potential of the property. . | XXXX | Reviewer Comment (XXXX-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | 34939484 | 200208433-6278 | XXXX | Credit | Credit | Credit Documentation | Guideline | Aged document: Credit Report is more than 90 days prior to the note date. | Credit Report: Original // Borrower: XXXX XXXX |  | 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. | The DSCR of 1.328 is greater than the minimum required DSCR of 1.00 based on the earning potential of the property. . | XXXX | Reviewer Comment (XXXX-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117887 | XXXX | 34894668 | 200208437-31591 | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Appraiser has called out signs of significant deterioration on the building siding; HOA has confirmed they have a planned special assessment however, it is not approved yet. | 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's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Guidelines Representative FICO: 660<br> Representative FICO: 744 | XXXX | Reviewer Comment (XXXX-11-04): The Guidelines for XXXX allow for Non-Warrantable Condos. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117887 | XXXX | 34894949 | 200208437-27012 | 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 0.83 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | DSCR of 0.83 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. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Guidelines Representative FICO: 660<br> Representative FICO: 744 | XXXX | Reviewer Comment (XXXX-11-05): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118072 | XXXX | 34802408 | 200208440-28862 | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | Financial Institution: XXXX // Account Type: Checking / Account Number: XXXX | Provide additional statement for account ending XXXX, as Guidelines require 2 months statement. |  |  |  | Reviewer Comment (XXXX-10-30): Confirmed Cash out meets the requirement, exception cleared.<br>Seller Comment (XXXX-10-27): (Rate Lock) N/A - cash-out proceeds were used to cover liquid asset requirement. Please clear/waive this condition. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117909 | XXXX | 34848454 | 200208449-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The HOA has opted out of a XXXX reserve allocation. Their reasoning is their SIRS study does not recommend a XXXX reserve allocation, (the reserve study only covers XXXX of the XXXX units in the project and does not go into effect until XXXX). No other reserve studies are available. | The qualifying DSCR on the loan is greater than the guideline minimum. | The DSCR of 1.27% is greater than the minimum required DSCR of 1.00%. | XXXX | Reviewer Comment (XXXX-10-30): Client elects to regrade and waive based on the following compensating factors: <br> The DSCR of 1.27% is greater than the minimum required DSCR of 1.00%.<br> Loan to Value: 60.00000% | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117909 | XXXX | 34848489 | 200208449-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for insufficient XXXX/crime/employee dishonesty coverage. Per HOA XXXX budget, 3 months HOA dues collected is $XXXX and the HOA is just short of $XXXX. they do not have additional coverage elsewhere. | 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. | The DSCR of 1.27% is greater than the minimum required DSCR of 1.00%. | XXXX | Reviewer Comment (XXXX-10-30): Client elects to regrade and waive based on the following compensating factors: <br> The DSCR of 1.27% is greater than the minimum required DSCR of 1.00%.<br> Loan to Value: 60.00000% | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117946 | XXXX | 34873350 | 200208450-34957 | 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 |  |  |  | Reviewer Comment (XXXX-11-11): XXXXXXXX received valid COC document<br>Seller Comment (XXXX-11-10): (Rate Lock) CIC provided | XXXX | XXXX | 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 A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | 34872153 | 200208456-27657 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided |  | XXXX XXXX Account Statement for XXXX is missing. |  |  |  | Reviewer Comment (XXXX-11-12): Document Provided.<br>Seller Comment (XXXX-11-10): (Rate Lock) Doc provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | 34872169 | 200208456-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX Account Statements - Personal | XXXX XXXX Account Statement for XXXX is missing. |  |  |  | Reviewer Comment (XXXX-11-12): Document Provided.<br>Seller Comment (XXXX-11-10): (Rate Lock) Doc provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | 34872176 | 200208456-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | More than 5 NSF in the most recent 12 months. | Borrower has verified disposable income of at least XXXX.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 qualifying DTI on the loan is at least 10% less than the guideline maximum. | Documentation Type: 12mo Bank Statement<br> Disposable Income: $XXXX<br>Reserves: 13.69<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 34.69%<br> Borrower's Own Funds Amount: $XXXX<br>DTI: 16.63981% <br> Guideline Maximum DTI: 55.00000% | XXXX | Reviewer Comment (XXXX-11-04): Lender Exception with Compensating Factors provided | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | 34872192 | 200208456-25029 | 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 XXXX XXXX Account Statement for XXXX. |  |  |  | Reviewer Comment (XXXX-11-12): Document Provided.<br>Seller Comment (XXXX-11-10): (Rate Lock) Doc provided | XXXX | 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 | 4350117975 | XXXX | 34872193 | 200208456-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan file missing XXXX XXXX Statement for XXXX. |  |  |  | Reviewer Comment (XXXX-11-12): Document Provided.<br>Seller Comment (XXXX-11-10): (Rate Lock) Doc provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | 34908509 | 200208456-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file missing XXXX XXXX Statement for XXXX. |  |  |  | Reviewer Comment (XXXX-11-12): Document Provided.<br>Seller Comment (XXXX-11-10): (Rate Lock) Doc provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | 34908529 | 200208456-33058 | 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.) | Loan file missing XXXX XXXX Statement for XXXX. |  |  |  | Reviewer Comment (XXXX-11-12): Document provided<br>Seller Comment (XXXX-11-10): (Rate Lock) Doc provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 34783974 | 200208458-6572 | 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-11-12): Client accepts EV2 Grade and elects to Waive.<br>Reviewer Comment (XXXX-11-05): ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.<br>Reviewer Comment (XXXX-10-31): Evidence of the date the appraisal was provided to the borrower is missing.<br>Seller Comment (XXXX-10-29): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 34783975 | 200208458-6446 | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.06775% or Final Disclosure APR of 8.15400% is equal to or greater than the threshold of APOR 6.31% + 1.5%, or 7.81000%. Non-Compliant Higher Priced Mortgage Loan. | Loan file missing documentation to evidence receipt of the appraisal by the borrower. |  |  |  | Reviewer Comment (XXXX-11-18): Received evidence of receipt in trailing docs.<br>Reviewer Comment (XXXX-11-12): Signed document says the borrower received the appraisal 3 days prior to closing, but the XXXX appraisal is dated the day of closing, which is not 3 days prior. Provide delivery of the 10/8 appraisal. Email delivery now will down grade the exception to EV2.<br>Reviewer Comment (XXXX-11-05): Loan file missing documentation to evidence receipt of the appraisal by the borrower.<br>Reviewer Comment (XXXX-10-31): Evidence of the date the appraisal was provided to the borrower is missing. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 34783976 | 200208458-7013 | 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. (Type:Primary/XXXX) | Appraisal report dated XXXX missing evidence of receipt. |  |  |  | Reviewer Comment (XXXX-11-18): Received evidence of receipt in trailing docs.<br>Reviewer Comment (XXXX-11-12): Signed document says the borrower received the appraisal 3 days prior to closing, but the XXXX appraisal is dated the day of closing, which is not 3 days prior. Provide delivery of the 10/8 appraisal. Email delivery now will down grade the exception to EV2.<br>Reviewer Comment (XXXX-11-05): Appraisal report dated XXXX missing evidence of receipt.<br>Reviewer Comment (XXXX-10-31): Evidence of the date the appraisal was provided to the borrower is missing. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 34915145 | 200208458-34962 | 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. (ClientXXXX/XXXX) |  |  |  |  | Reviewer Comment (XXXX-11-12): Delivery and disclosure signed at closing provided. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 34915147 | 200208458-34963 | 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. (ClientXXXX/XXXX) |  |  |  |  | Reviewer Comment (XXXX-11-12): Delivery and disclosure signed at closing provided. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 34915148 | 200208458-34963 | 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. (ClientXXXX/XXXX) |  |  |  |  | Reviewer Comment (XXXX-11-12): Delivery and disclosure signed at closing provided. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 34915149 | 200208458-34964 | 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. (ClientXXXX/XXXX) |  |  |  |  | Reviewer Comment (XXXX-11-12): Delivery and disclosure signed at closing provided. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 34915150 | 200208458-34965 | 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. (ClientXXXX/XXXX) |  |  |  |  | Reviewer Comment (XXXX-11-12): Delivery and disclosure signed at closing provided. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 34915151 | 200208458-34965 | 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. (ClientXXXX/XXXX) |  |  |  |  | Reviewer Comment (XXXX-11-12): Delivery and disclosure signed at closing provided. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 35011860 | 200208458-6445 | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.06775% or Final Disclosure APR of 8.15400% is equal to or greater than the threshold of APOR 6.31% + 1.5%, or 7.81000%. Compliant Higher Priced Mortgage Loan. |  |  |  |  | Reviewer Comment (XXXX-12-03): Client elected to waive EV2 exception.<br>Reviewer Comment (XXXX-11-21): Client elected to cancel | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | 35011861 | 200208458-27759 | 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) | Appraisal report is dated XXXX which is the day of closing. Borrower did not receive all copies of the appraisal at least 3 business days prior to closing. |  |  |  | Reviewer Comment (XXXX-11-21): Lender elected to waive<br>Seller Comment (XXXX-11-20): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117928 | XXXX | 35035513 | 200208466-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XXXX) | Disclosure Summary reflects an initial CD with the issue and delivery date of XXXX. This CD is not in the loan file. |  |  |  | Reviewer Comment (XXXX-11-25): Trail doc, initial CD provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117928 | XXXX | 35035514 | 200208466-30169 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Irregular Transactions Test | TILA-RESPA Integrated Disclosure – Corrected Closing Disclosure provided on or after 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 | Disclosure Summary reflects an initial CD with the issue and delivery date of XXXX. This CD is not in the loan file. |  |  |  | Reviewer Comment (XXXX-11-25): Trail doc, initial CD provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | TRID timing exception, no remediation available. C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117928 | XXXX | 35068737 | 200208466-25040 | 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). | Borrower qualified with the Interest Only payment at origination which does not meet ATR requirements. |  |  |  | Reviewer Comment (XXXX-12-03): Client elected to waive EV2 exception<br>Reviewer Comment (XXXX-11-25): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-25): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | 34812845 | 200208469-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception allowing transferred appraisal without XXXX. |  |  |  | Reviewer Comment (XXXX-11-14): Appraisal transfer letter received in trailing docs.<br>Seller Comment (XXXX-11-12): Please see attached appraisal transfer letter<br>Reviewer Comment (XXXX-11-06): Please provide Lender Exception allowing transferred appraisal without XXXX.<br>Seller Comment (XXXX-11-04): Not required<br>Reviewer Comment (XXXX-11-04): Lender exception allowing transferred appraisal without XXXX.<br>Seller Comment (XXXX-10-31): No exception required. Broker is panel approved. See attached | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117941 | XXXX | 34839703 | 200208471-6446 | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 7.85680% or Final Disclosure APR of 7.95100% is equal to or greater than the threshold of APOR 6.31% + 1.5%, or 7.81000%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of 7.85680% or Final Disclosure APR of 7.95100% is equal to or greater than the threshold of APOR 6.31% + 1.5%, or 7.81000%. Non-Compliant Higher Priced Mortgage Loan. |  |  |  | Reviewer Comment (XXXX-11-10): Appraisal delivery provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117941 | XXXX | 34839704 | 200208471-7013 | 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. (Type:Primary/XXXX) | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-11-10): Appraisal delivery provided.<br>Reviewer Comment (XXXX-11-05): Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117941 | XXXX | 34855431 | 200208471-4436 | 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-11-10): Appraisal delivery provided.<br>Seller Comment (XXXX-11-06): (Rate Lock) EV2 accept please clear<br>Reviewer Comment (XXXX-11-05): 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. | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118032 | XXXX | 34857738 | 200208476-6572 | 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) | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-11-06): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-04): (Rate Lock) lender accepts and wishes to waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118032 | XXXX | 34857741 | 200208476-1330 | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Creditor did not provide List of Homeownership Counseling Organizations to borrower. |  |  |  | Reviewer Comment (XXXX-11-06): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-04): (Rate Lock) lender accepts and wishes to waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118032 | XXXX | 34859895 | 200208476-23019 | XXXX | Compliance | Compliance | State Compliance | State Defect | (XXXX50(a)(6)) XXXX Cash-out Loan (Points and Fees Exceeds 2% of Original Principal Balance) | XXXX Constitution Section 50(a)(6): Points and fees on subject loan of 2.11419% is in excess of the allowable maximum of 2.0000% of the Original Principal Loan Amount. Points and Fees total $XXXX on an Original Principal Loan Amount of $XXXX vs. an allowable total of $XXXX (an overage of $XXXX or 0.11419%.) | Mavent reflects a Fail for State Points and Fees exceeding 2% of allowable. |  |  |  | Reviewer Comment (XXXX-11-12): Document provided<br>Seller Comment (XXXX-11-10): (Rate Lock) Borrower signed the XXXX discount pts disclosure. Points are considered bona fide.<br>Compliance Ease reflects a passing compliance report. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.]) B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117935 | XXXX | 34809481 | 200208482-25838 | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX XXXX, XXXXXXXX, Address: XXXX XXXXXXXX XXXX, XXXX XXXXXXXX Tax Verification<br> Tax Verification |  |  |  |  | Reviewer Comment (XXXX-11-05): Document Provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117935 | XXXX | 34809486 | 200208482-23688 | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | Hazard Insurance Coverage Amount is insufficient $XXXX |  |  |  | Reviewer Comment (XXXX-11-05): Document Provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | 34747825 | 200208489-25029 | 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 to to insufficient assets to satisfy reserve requirement.s |  |  |  | Reviewer Comment (XXXX-12-03): Lender exception provided for insufficient reserves.<br>Reviewer Comment (XXXX-10-31): Exception cleared. | XXXX | 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 | 4350118039 | XXXX | 34747856 | 200208489-4264 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.92 is less than Guideline PITIA months reserves of 6.00. |  | 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. | 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. | XXXX | Reviewer Comment (XXXX-12-03): Lender exception provided for insufficient reserves.<br>Reviewer Comment (XXXX-10-31): Client elects to waive. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | 34762539 | 200208489-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to use 2nd job with less than one year history. | 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>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>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-10-21): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | 34762571 | 200208489-23380 | 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.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>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>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-10-23): Lender Exception with Compensating Factors provided.<br>Seller Comment (XXXX-10-23): (Rate Lock) There was already an approved exception for income | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | 34768995 | 200208489-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. |  |  |  | Reviewer Comment (XXXX-12-03): Lender exception provided for insufficient reserves.<br>Reviewer Comment (XXXX-10-31): Exception cleared. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118025 | XXXX | 34751117 | 200208504-2798 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  | 1003 Final is missing |  |  |  | Reviewer Comment (XXXX-10-29): Final 1003 received and associated. Exception cleared.<br>Seller Comment (XXXX-10-29): (Rate Lock) 1003 provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118099 | XXXX | 34804696 | 200208519-2904 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided |  |  |  |  |  | Reviewer Comment (XXXX-10-31): Guarantor Agreement provided.<br>Seller Comment (XXXX-10-29): (Rate Lock) Please see uploaded guaranty. | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118000 | XXXX | 35034066 | 200208521-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XXXX) | Closing Disclosure not provided to Borrower at least three business days prior to Note |  |  |  | Reviewer Comment (XXXX-11-24): XXXXXXXX received XXXX CD received 3 business days prior to consummation. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No Defined Cure A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | 34797304 | 200208522-5205 | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | OFAC is missing in the file |  |  |  | Reviewer Comment (XXXX-10-31): Exception cleared. OFAC searched through fraud report.<br>Seller Comment (XXXX-10-29): Fraud Report | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | 34807238 | 200208522-4266 | 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. | Cash in hand greater than XXXX on a loan with an LTV greater than 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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-28): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118003 | XXXX | 34882932 | 200208523-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for excessive NSF's. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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: 15.01<br> Guideline Requirement: 6.00<br>DTI: 42.87922% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 736 | XXXX | Reviewer Comment (XXXX-11-04): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | 34987437 | 200208526-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower owns 100% of XXXX, the business that owns XXXX ; business income use to qualify. XXXX owns 80% of XXXX. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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>Borrower has verified disposable income of at least XXXX.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-11-17): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | 35010468 | 200208526-30168 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure – Corrected Closing Disclosure provided on or after 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 | Verification disclosure was delivered to borrower 3 business days prior to closing was not provided. |  |  |  | Reviewer Comment (XXXX-11-19): XXXXXXXX received CD dated XXXX<br>Seller Comment (XXXX-11-19): (Rate Lock) APR on XXXX = 7.939<br> APR on XXXX = 8.368<br> APR on XXXX = 8.369<br>The APR increase over 0.125% on the 10/31 CD which was provided in addition with proof it was viewed. The change from the XXXX CD is not sufficient to re-open TRID. This is completely compliant please clear<br>Reviewer Comment (XXXX-11-19): Apr changed on CD received /dated on XXXX, closing date XXXX. APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation.<br>Seller Comment (XXXX-11-19): (Rate Lock) CIC provided and proof borrower viewed prior to close | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118044 | XXXX | 34839792 | 200208527-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception: Approved Lender Exception - Borrower is living rent free with spouse - Exception for no housing most recent 2 months. | Borrower has verified disposable income of at least XXXX.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.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Documentation Type: 12mo Bank Statement<br> Disposable Income: $XXXX | XXXX | Reviewer Comment (XXXX-10-30): Lender Exception with Compensating Factors provided.<br>Reviewer Comment (XXXX-10-30): Client elects to diwngrade and waive with compensating factor: Borrower has verified residual income of at least XXXX per month. Documentation Type: 12mo Bank Statement. Disposable Income: $XXXX | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | 34784291 | 200208532-6583 | 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-10-23): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Rate/Term | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | 34802413 | 200208532-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Minimum 2 year residency in the US not met. I-797 does not have a valid extension date. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has verified disposable income of at least XXXX.00. | Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-30): Client elects to regrade and waive based on the following compensating factors: <br> Borrower FICO 740, required FICO 720 <br> Qualifying DTI is less than 35%<br>Seller Comment (XXXX-10-27): (Rate Lock) There was an exception approved for 45% DTI<br>Reviewer Comment (XXXX-10-24): 1008 and loan file do not reflect a 35% DTI. Please update Lender Exception. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117973 | XXXX | 34938398 | 200208535-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX CPA Letter | Provide the Third Party Verification of percentage of ownership for business used to income qualify, along with with business existence within 120 Calendar days prior to the Note Date and start date. |  |  |  | Reviewer Comment (XXXX-11-17): Documents provided.<br>Seller Comment (XXXX-11-17): (Rate Lock) Exception added for verification post close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117973 | XXXX | 34938400 | 200208535-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Provide the Third Party Verification of percentage of ownership for business used to income qualify, along with with business existence within 120 Calendar days prior to the Note Date and start date. |  |  |  | Reviewer Comment (XXXX-11-17): Documents provided.<br>Seller Comment (XXXX-11-17): (Rate Lock) Exception added for verification post close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117973 | XXXX | 34938408 | 200208535-4436 | 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) | Provide the Third Party Verification of percentage of ownership for business used to income qualify, along with with business existence within 120 Calendar days prior to the Note Date and start date. |  |  |  | Reviewer Comment (XXXX-11-14): Client elects to waive.<br>Seller Comment (XXXX-11-13): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117980 | XXXX | 34872043 | 200208537-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for borrower being self-employed for less than 2 years. | Borrower has verified disposable income of at least XXXX.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 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. | Reserves: 12.35<br> Guideline Requirement: 6.00<br>DTI: 33.93720% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 756 | XXXX | Reviewer Comment (XXXX-11-03): Lender exception waived with comp. factors | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117980 | XXXX | 34873875 | 200208537-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for XXXX negative daily ending balances on prior bank account from XXXX through early XXXX. | Borrower has verified disposable income of at least XXXX.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 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. | Reserves: 12.35<br> Guideline Requirement: 6.00<br>DTI: 33.93720% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 756 | XXXX | Reviewer Comment (XXXX-11-03): Lender elects to waive with compensating factors | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117999 | XXXX | 35003763 | 200208538-6572 | 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 within 3 business days prior to closing was not provided. |  |  |  | Reviewer Comment (XXXX-12-03): Updated to Waived - Client elected to waive EV2 exception.<br>Reviewer Comment (XXXX-12-03): Client elected to waive EV2 exception.<br>Reviewer Comment (XXXX-11-19): Borrower elected to waive<br>Seller Comment (XXXX-11-19): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117999 | XXXX | 35003768 | 200208538-27764 | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | 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. (0) |  |  |  |  | Reviewer Comment (XXXX-11-18): Sufficient Cure Provided within 60 Days of Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $XXXX) B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117914 | XXXX | 34805016 | 200208539-27012 | 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. | Lender exception approval in the loan file to allow DSCR less than 1 | 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>Miscellaneous | Lender Exception with Compensating Factors provided.<br>0x30x24 | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118048 | XXXX | 34809916 | 200208540-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | Initial CD Issued less than 6 days prior to closing and received by the borrower less than 3 business days prior to closing. |  |  |  | Reviewer Comment (XXXX-11-04): XXXXXXXX received XXXX CD received 3 business days prior to consummation.<br>Seller Comment (XXXX-11-04): (Rate Lock) ICD from XXXX and viewed same day; ESD is XXXX this is compliant | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118048 | XXXX | 34809918 | 200208540-6542 | 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 | Fee Amount of $XXXX exceeds tolerance of $XXXX |  |  |  | Reviewer Comment (XXXX-11-10): XXXXXXXX received rate lock and rebuttal comment suffice.<br>Seller Comment (XXXX-11-06): (Rate Lock) The LC provided shows there was a pricing hit for rolling the lender fee.<br>Reviewer Comment (XXXX-11-04): "XXXXXXXX received Changed Circumstance dated XXXX, but it does not give sufficient information on why the discount fee was increased. 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> "<br>Seller Comment (XXXX-11-04): (Rate Lock) ICD from XXXX and viewed same day; ESD is XXXX this is compliant | XXXX | 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 A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | 35003563 | 200208547-34537 | XXXX | Credit | Income | Document Error | Income | Bank statement page number is blank. | Borrower: XXXX XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Account Type: Business / Account Num: XXXX / Statement End Date: XXXX | The loan program is 24 months Bank Statement. However, there is only 23 months of Bank statements provided for income calculation. Please provide the Bank Statement for the month of XXXX XXXX (XXXX). |  |  |  | Reviewer Comment (XXXX-11-20): statement was provided<br>Seller Comment (XXXX-11-20): (Rate Lock) Statement provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | 35003607 | 200208547-6572 | 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 the appraisal with report date XXXX at least 3 business days prior to closing. |  |  |  | Reviewer Comment (XXXX-12-03): Client elected to waive EV2 exception<br>Reviewer Comment (XXXX-11-20): Client elected to waive.<br>Seller Comment (XXXX-11-20): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | 35005339 | 200208547-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The loan program is 24 months Bank Statement. However, there is only 23 months of Bank statements are provided for income calculation. Please provide the Bank Statement for the month of XXXX XXXX (XXXX). |  |  |  | Reviewer Comment (XXXX-11-20): statement was provided<br>Seller Comment (XXXX-11-20): (Rate Lock) Statement provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | 34872080 | 200208551-23387 | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. |  | City name on NOTE is XXXX but on Flood Certificate it is XXXX. |  |  |  | Reviewer Comment (XXXX-11-12): Corrected doc provided in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | 34872096 | 200208551-34957 | 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-11-10): XXXXXXXX received updated CD and valid changed circumstance.<br>Seller Comment (XXXX-11-07): (Rate Lock) Appraised value decreased and LTV increased | XXXX | XXXX | 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 A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | 34872097 | 200208551-6542 | 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-11-10): XXXXXXXX received updated CD and valid changed circumstance.<br>Seller Comment (XXXX-11-07): (Rate Lock) Appraised value decreased and LTV increased | XXXX | XXXX | 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 A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | 34939310 | 200208559-25040 | 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). |  |  |  |  | Reviewer Comment (XXXX-11-14): Client elects to waive.<br>Seller Comment (XXXX-11-13): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | 34942886 | 200208559-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | XXXX OD/NSF's in previous 12 months. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117995 | XXXX | 35027147 | 200208560-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception needed due to not having primary house payment 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. | Reserves: 13.58<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 31.75%<br> Borrower's Own Funds Amount: $XXXX | XXXX | Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117995 | XXXX | 35027151 | 200208560-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower does not own primary residence (spouse owns) however proceeds from sale of home being used for cash to close. | 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: 13.58<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 31.75%<br> Borrower's Own Funds Amount: $XXXX | XXXX | Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118030 | XXXX | 34864403 | 200208563-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The guidelines allow no more than 5 NSF's within the most recent 12 months. Lender approved exception to allow XXXX items of NSF/OD's on bank statements. | Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors. | XXXX | Reviewer Comment (XXXX-10-31): Client elects to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | 34837154 | 200208567-7905 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | Borrower: 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: 660<br> Representative FICO: 795 | XXXX | Reviewer Comment (XXXX-10-30): Client elects to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | 34837158 | 200208567-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for first time investor. | 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: 660<br> Representative FICO: 795 | XXXX | Reviewer Comment (XXXX-10-30): Client elects to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | 34854450 | 200208567-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for borrower housing history does not meet guideline requirements, 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. | Guidelines Representative FICO: 660<br> Representative FICO: 795 | XXXX | Reviewer Comment (XXXX-10-30): Client elects to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117978 | XXXX | 34960817 | 200208573-6572 | 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-11-17): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-17): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117978 | XXXX | 34960820 | 200208573-6583 | 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-11-12): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117857 | XXXX | 34886531 | 200208574-27012 | 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 below 1.00 at 0.90. | 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. | 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-11-04): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117976 | XXXX | 35001627 | 200208576-6572 | 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 within 3 business days prior to closing was not provided. |  |  |  | Reviewer Comment (XXXX-12-03): Client elected to waive EV2 exception<br>Reviewer Comment (XXXX-11-19): client elected to waive<br>Seller Comment (XXXX-11-19): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Rate/Term | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117962 | XXXX | 34995465 | 200208588-6572 | 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-12-03): Client elected to waive EV2 exception<br>Reviewer Comment (XXXX-11-18): EV2, client elected to waive<br>Seller Comment (XXXX-11-18): (Rate Lock) lender accepts the EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118102 | XXXX | 34834483 | 200208589-28330 | 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.00. | The loan amount of $XXXXis less than the guideline minimum 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. | Reserves: 134.49<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-10-30): Client elects to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118114 | XXXX | 34735144 | 200208593-6582 | 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-10-15): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118114 | XXXX | 34735145 | 200208593-6583 | 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-10-15): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117849 | XXXX | 35066020 | 200208597-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Requesting exception to allow DSCR below 1.00 | Seasoned Borrower/Investor whose experience exceeds XXXX projects.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660<br> Representative FICO: 749 | XXXX | Reviewer Comment (XXXX-11-24): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | 34782896 | 200208601-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | XXXX NSF/ODs in the past 12 months. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. |  | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided.<br>Reviewer Comment (XXXX-10-23): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | 34791581 | 200208601-35682 | XXXX | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | Borrower: XXXX XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: CPA Letter / Document Date: / Tax Year: | CPA letter not dated. Please provide evidence of document date. |  |  |  | Reviewer Comment (XXXX-11-06): Evidence of date CPA letter sent provided.<br>Seller Comment (XXXX-11-06): (Rate Lock) Cert provided showing CPA letter was provided prior to close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | 34791607 | 200208601-29640 | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | CPA letter in file not dated. Please provide evidence of access to business funds. |  |  |  | Reviewer Comment (XXXX-11-06): Evidence of date CPA letter sent provided.<br>Seller Comment (XXXX-11-06): (Rate Lock) Cert provided showing CPA letter was provided prior to close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | 34791614 | 200208601-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | CPA letter in file not dated. Need evidence of percentage of ownership. |  |  |  | Reviewer Comment (XXXX-11-06): Evidence of date CPA letter sent provided.<br>Seller Comment (XXXX-11-06): (Rate Lock) Cert provided showing CPA letter was provided prior to close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | 34791622 | 200208601-25029 | 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. | CPA letter in file supports percentage of business ownership and access to business funds, however the letter is not dated. Provide alternate documentation for access to funds and percentage of ownership, or provide evidence of date of the CPA letter. |  |  |  | Reviewer Comment (XXXX-11-06): Evidence of date CPA letter sent provided.<br>Seller Comment (XXXX-11-06): (Rate Lock) Cert provided showing CPA letter was provided prior to close | XXXX | 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 | 4350117974 | XXXX | 34791623 | 200208601-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | CPA letter in file supports percentage of business ownership and access to business funds, however the letter is not dated. Provide alternate documentation for access to funds and percentage of ownership, or provide evidence of date of the CPA letter. |  |  |  | Reviewer Comment (XXXX-11-06): Evidence of date CPA letter sent provided.<br>Seller Comment (XXXX-11-06): (Rate Lock) Cert provided showing CPA letter was provided prior to close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | 34791624 | 200208601-33058 | 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.) | CPA letter in file supports percentage of business ownership and access to business funds, however the letter is not dated. Provide alternate documentation for access to funds and percentage of ownership, or provide evidence of date of the CPA letter. |  |  |  | Reviewer Comment (XXXX-11-06): Evidence of date CPA letter sent provided.<br>Seller Comment (XXXX-11-06): (Rate Lock) Cert provided showing CPA letter was provided prior to close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | 34791628 | 200208601-28636 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | CPA letter stating borrower has access to funds is not dated. Provide date received. |  |  |  | Reviewer Comment (XXXX-11-06): Evidence of date CPA letter sent provided.<br>Seller Comment (XXXX-11-06): (Rate Lock) Cert provided showing CPA letter was provided prior to close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117942 | XXXX | 34787552 | 200208602-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for borrower not having permanent resident ID card due to the expiration date. | 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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-30): Client elects to regrade and waive based on the following compensating factors: <br> Borrower FICO 757 requirement FICO 700<br> Borrower's DTI is less than 37% guidelines requirement of 55%<br>Seller Comment (XXXX-10-27): (Rate Lock) Approved exception for this<br>Reviewer Comment (XXXX-10-24): Permanent Resident Card is expired. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117942 | XXXX | 34787568 | 200208602-33616 | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | Disclosure: E-Sign Consent Agreement | Missing Electronic Consent. |  |  |  | Reviewer Comment (XXXX-10-28): E-sign Consent Agreement document received - Exception cleared<br>Seller Comment (XXXX-10-27): (Rate Lock) econsent provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117942 | XXXX | 34787909 | 200208602-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to allow more than 5 NSF's/Overdrafts in the most recent 12 months. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117872 | XXXX | 35008357 | 200208603-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Subject recently vacated by the borrower. Borrower is now living rent free when guidelines require a lease and proof of 3 months rent at new primary residence in order to consider the property. Borrower is also first time investor. | 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. | Borrower has owned the subject property for at least 5 years.<br>Reserves: 26.22<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 802 | XXXX | Reviewer Comment (XXXX-11-19): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117904 | XXXX | 34718417 | 200208604-27012 | 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 0.48 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Calculated Monthly & PITI Updated as per Documented however Income DSCR of 0.48 does not meet Guideline |  |  |  | Reviewer Comment (XXXX-10-22): Document provided<br>Seller Comment (XXXX-10-20): (Rate Lock) XXXX CALC: XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118113 | XXXX | 34848882 | 200208605-7897 | 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 is required in the file. |  |  |  | Reviewer Comment (XXXX-11-06): Document provided<br>Seller Comment (XXXX-11-04): Email between insurance agent and underwriter, confirms Fair Market rents aka Rent loss insurance is included. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118021 | XXXX | 34793181 | 200208620-6542 | 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 | The Appraisal Fee increased on CD dated XXXX, with no valid change provided. |  |  |  | Reviewer Comment (XXXX-12-01): XXXXXXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Reviewer Comment (XXXX-11-28): XXXXXXXX received Post CD, LOX and proof of mailing. However, we would also require Copy of refund check in order to cure the exception.<br>Reviewer Comment (XXXX-11-23): XXXXXXXX received Copy of refund check. However, we would also require detail LOX along with Post CD in order to cure the exception.<br>Seller Comment (XXXX-11-21): (Rate Lock) Docs provided | XXXX | XXXX | 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 | 4350118021 | XXXX | 34794390 | 200208620-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for a first time homebuyer. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. |  | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118021 | XXXX | 34794393 | 200208620-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for borrower living rent free. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. |  | XXXX | Reviewer Comment (XXXX-10-24): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | 34803836 | 200208621-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception requested XXXXs. XXXX overdrafts, XXXX negative daily balances. | Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-29): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | 34803857 | 200208621-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | XXXX due business account used to verify qualifying income was newly opened within the last 12 months and only 8 months of deposits verified in the loan file. |  |  |  | Reviewer Comment (XXXX-11-10): One account carried into another and original closed.<br>Seller Comment (XXXX-11-10): (Rate Lock) It looks like the borrower switched accounts in XXXX from XXXX to XXXX. We missed uploading the fourth page from XXXX (full calc attached and uploaded). If you look at the XXXX statements, XXXX ended with a - XXXX balance and XXXX started with a 0 balance on XXXX $XXXX was transferred from XXXX. Both accounts have a full 12 months | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | 34803860 | 200208621-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | Initial Closing Disclosure missing in loan file. |  |  |  | Reviewer Comment (XXXX-11-06): Initial CD provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | 34803861 | 200208621-2647 | 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). | Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). |  |  |  | Reviewer Comment (XXXX-11-13): Corrected RTC provided in trailing doc.<br>Seller Comment (XXXX-11-12): (Rate Lock) Nothing further is needed as the borrower corrected this prior to funding the loan?<br>Reviewer Comment (XXXX-11-11): Please Provide Letter of Explanation and Proof of Delivery | XXXX | XXXX | 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 | 4350117963 | XXXX | 34807183 | 200208621-32884 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Bank Statement Guidelines Number of Bank Statements Requirement not met | Ability to Repay (Dodd-Frank 2014): The number of bank statements provided for borrower's bank statement income was less than the number required by guidelines. (XXXX,XXXX XXXX XXXX, Inc/Bank Statements) | XXXX due business account used to verify qualifying income was newly opened within the last 12 months and only 8 months of deposits verified in the loan file. |  |  |  | Reviewer Comment (XXXX-11-10): One account closed another opened and income applied.<br>Seller Comment (XXXX-11-10): (Rate Lock) It looks like the borrower switched accounts in XXXX from XXXX to XXXX. We missed uploading the fourth page from XXXX (full calc attached and uploaded). If you look at the XXXX statements, XXXX ended with a - XXXX balance and XXXX started with a 0 balance on XXXX was transferred from XXXX. Both accounts have a full 12 months | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | 34807198 | 200208621-3677 | 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 business account used to verify qualifying income was newly opened within the last 12 months and only 8 months of deposits verified in the loan file. |  |  |  | Reviewer Comment (XXXX-11-10): One account closed another opened and income applied.<br>Seller Comment (XXXX-11-10): (Rate Lock) It looks like the borrower switched accounts in XXXX from XXXX to XXXX. We missed uploading the fourth page from XXXX (full calc attached and uploaded). If you look at the XXXX statements, XXXX ended with a - XXXX balance and XXXX started with a 0 balance on XXXX was transferred from XXXX. Both accounts have a full 12 months | XXXX | XXXX | 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 | 4350117963 | XXXX | 34807199 | 200208621-4204 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | XXXX due business account used to verify qualifying income was newly opened within the last 12 months and only 8 months of deposits verified in the loan file. |  |  |  | Reviewer Comment (XXXX-11-10): One account closed another opened and income applied. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117828 | XXXX | 34784609 | 200208625-32065 | XXXX | Credit | Title | Document Error | Title | The 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. |  | XXXX title preliminary does not reflects policy amount. |  |  |  | Reviewer Comment (XXXX-10-27): Document provided.<br>Seller Comment (XXXX-10-27): (Rate Lock) Please see attached | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118107 | XXXX | 34847572 | 200208626-5205 | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | OFAC is not provided in file |  |  |  | Reviewer Comment (XXXX-11-04): Document provided.<br>Seller Comment (XXXX-10-31): (Rate Lock) Please see uploaded background reports. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | 34794045 | 200208628-6572 | 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-11-03): Clien elects to waive<br>Seller Comment (XXXX-10-30): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117843 | XXXX | 35026911 | 200208633-27012 | 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. |  | 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. | Borrower has owned the subject property for at least 5 years.<br>Reserves: 31.25<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 749 | XXXX | Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117916 | XXXX | 34795612 | 200208636-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender requested an exception-Log home, which is very common for the area. | 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. | Lender Exception with Compensating Factors provided.<br>The DSCR of 1.1 is greater than the minimum required DSCR of 1.0. | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117916 | XXXX | 34809419 | 200208636-4245 | 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%. |  | 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. | Lender Exception with Compensating Factors provided.<br>The DSCR of 1.1 is greater than the minimum required DSCR of 1.0. | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117916 | XXXX | 34809420 | 200208636-4246 | 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%. |  | 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. | Lender Exception with Compensating Factors provided.<br>The DSCR of 1.1 is greater than the minimum required DSCR of 1.0. | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117933 | XXXX | 35069736 | 200208638-27765 | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | 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. XXXX |  |  |  |  | Reviewer Comment (XXXX-11-25): Sufficient Cure Provided within 60 Days of Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over XXXX) A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117861 | XXXX | 34937408 | 200208639-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Non-arms length sale between the neighbors. | 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. | 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. | XXXX | Reviewer Comment (XXXX-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | 34944160 | 200208640-6572 | 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 not provided in file. |  |  |  | Reviewer Comment (XXXX-11-14): Client elects to waive.<br>Seller Comment (XXXX-11-13): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | 34944235 | 200208640-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The Borrower is 100% owner of the LLC, which is the name on the 1099s, but unable to order transcripts. | 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>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>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 qualifying DTI on the loan is at least 10% less than the guideline maximum. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | 34945142 | 200208640-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Use of VOR without supporting documentation. | 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>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>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 qualifying DTI on the loan is at least 10% less than the guideline maximum. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | 34968003 | 200208640-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | 1099s in the name of a LLC and not the borrower. | 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>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>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 qualifying DTI on the loan is at least 10% less than the guideline maximum. | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception with Comp Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117932 | XXXX | 35029527 | 200208641-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | XXXX GLA is XXXX - Minimum square footage is XXXX sq. ft. per unit. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700<br> Representative FICO: 777 | XXXX | Reviewer Comment (XXXX-11-20): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117850 | XXXX | 35041480 | 200208643-27012 | 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. | 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>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660<br> Representative FICO: 764 | XXXX | Reviewer Comment (XXXX-11-26): Client elected to waive with compensating factors.<br>Reviewer Comment (XXXX-11-26): .<br>Reviewer Comment (XXXX-11-21): lender exception was provided | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117834 | XXXX | 35024333 | 200208644-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception requested and approved for Use or rent which is higher than market rent without full 3 months of receipt. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 13.43<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117936 | XXXX | 34793340 | 200208645-27835 | 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-11-13): CDA provided.<br>Seller Comment (XXXX-11-12): (Rate Lock) CDA was provided.<br>Reviewer Comment (XXXX-11-10): Loan is to be securitized. Please provide Secondary Valuation<br>Seller Comment (XXXX-11-10): (Rate Lock) Doc provided | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Primary | Purchase | D B C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117936 | XXXX | 34793428 | 200208645-34957 | 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 |  |  |  | Reviewer Comment (XXXX-10-31): XXXXXXXX Received Valid COC dated XXXX along with rate lock.<br>Seller Comment (XXXX-10-30): (Rate Lock) Docs provided showing CIC | XXXX | 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 | 4350117936 | XXXX | 34804449 | 200208645-4245 | 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 that does not have a 12 month housing payment history. Lender exception approved in loan file. | Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | D B C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117936 | XXXX | 34804450 | 200208645-4246 | 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%. | The CLTV of 90% exceeds guideline max of 80% for a borrower that does not have a 12 month housing payment history. Lender exception approved in loan file. | Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-27): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | D B C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118085 | XXXX | 34837547 | 200208648-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception: The property features two ADU&#XXXX;s, and the appraisal utilizes sales comp 1 with a +28.5% net / 39.3% gross adjustment and sales comp 6 with a 28.2% gross adjustment. Property recently underwent $XXXX in documented improvements and appraisal notes property was updated post prior sale<br> Per the appraiser, comps with large adjustments were used as these were the best comparable available. | 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. | Guidelines Representative FICO: 660<br> Representative FICO: 780 | XXXX | Reviewer Comment (XXXX-10-30): Client elects to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118112 | XXXX | 34793598 | 200208650-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Roof is covered at Actual Cash Value coverage vs Replacement Cost coverage. | 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: 105.85<br> Guideline Requirement: 3.00<br>Guidelines Representative FICO: 680<br> Representative FICO: 771 | XXXX | Reviewer Comment (XXXX-10-27): Client elects to downgrade and waive with the following compensating factors: <br> Guidelines Representative FICO: 680<br> Representative FICO: 771<br> Reserves: XXXX<br> Guideline Requirement: 3.00 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | 34939417 | 200208652-2868 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided |  | Purchase Agreement / Sales Contract missing in file. |  |  |  | Reviewer Comment (XXXX-11-20): document was provided.<br>Seller Comment (XXXX-11-20): (Rate Lock) agreement provided | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | 34967766 | 200208652-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Loan file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-24): Received doc and explanation letter in trailing docs.<br>Seller Comment (XXXX-11-20): (Rate Lock) Docs provided showing 2 members, then that member being removed. XXXX owns 100% of the business<br>Reviewer Comment (XXXX-11-18): Unable to confirm borrower's ownership due to lack of documentation.<br>Seller Comment (XXXX-11-18): (Rate Lock) email from tax preparer confirming it is a sole proprietorship | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | 34967769 | 200208652-25029 | 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 file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-24): Received doc and explanation letter in trailing docs.<br>Seller Comment (XXXX-11-20): (Rate Lock) Docs provided showing 2 members, then that member being removed. XXXX owns 100% of the business<br>Reviewer Comment (XXXX-11-18): Unable to confirm borrower's ownership due to lack of documentation.<br>Seller Comment (XXXX-11-18): (Rate Lock) email from tax preparer confirming it is a sole proprietorship | XXXX | XXXX | 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 | 4350118006 | XXXX | 34967770 | 200208652-33058 | 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.) | Loan file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-24): Received doc and explanation letter in trailing docs.<br>Seller Comment (XXXX-11-20): (Rate Lock) Docs provided showing 2 members, then that member being removed. XXXX owns 100% of the business<br>Reviewer Comment (XXXX-11-18): Unable to confirm borrower's ownership due to lack of documentation.<br>Seller Comment (XXXX-11-18): (Rate Lock) email from tax preparer confirming it is a sole proprietorship | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | 34967777 | 200208652-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-24): Received doc and explanation letter in trailing docs.<br>Seller Comment (XXXX-11-20): (Rate Lock) Docs provided showing 2 members, then that member being removed. XXXX owns 100% of the business<br>Reviewer Comment (XXXX-11-18): Unable to confirm borrower's ownership due to lack of documentation.<br>Seller Comment (XXXX-11-18): (Rate Lock) email from tax preparer confirming it is a sole proprietorship | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | 34967798 | 200208652-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX XXXX Third Party Verification | Loan file missing third party verification of the borrower's percentage of ownership. Articles of Incorporation show there is another Member. |  |  |  | Reviewer Comment (XXXX-11-24): Received doc and explanation letter in trailing docs.<br>Seller Comment (XXXX-11-20): (Rate Lock) Docs provided showing 2 members, then that member being removed. XXXX owns 100% of the business<br>Reviewer Comment (XXXX-11-18): Unable to confirm borrower's ownership due to lack of documentation.<br>Seller Comment (XXXX-11-18): (Rate Lock) email from tax preparer confirming it is a sole proprietorship | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117897 | XXXX | 34848430 | 200208657-2876 | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided |  | Security Instrument missing. Please provide and note that additional documentation may be needed once the Security Instrument has been entered and evaluated. |  |  |  | Reviewer Comment (XXXX-11-05): Document provided. | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117897 | XXXX | 34852312 | 200208657-4245 | 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%. |  | 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: 777<br>Reserves: XXXX<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-10-30): Client elects to regrade and waive based on the following compensating factors: <br> Guidelines Representative FICO: 660<br> Representative FICO: 777<br> Reserves: XXXX<br> Guideline Requirement: 6.00 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117897 | XXXX | 34852313 | 200208657-4246 | 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%. |  | 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: 777<br>Reserves: XXXX<br> Guideline Requirement: 6.00 | XXXX | Reviewer Comment (XXXX-10-30): Client elects to regrade and waive based on the following compensating factors: <br> Guidelines Representative FICO: 660<br> Representative FICO: 777<br> Reserves: XXXX<br> Guideline Requirement: 6.00 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117897 | XXXX | 34852334 | 200208657-7894 | XXXX | Credit | Investment Product | General Exception | Investment Product | Security Instrument Error: Assignment of Leases/Rents is not in the file and required by guidelines | Document: Assignment of Leases/Rents | Security Instrument/Riders missing. Please provide, and note that additional documentation may be needed once the Security Instrument has been entered and evaluated. |  |  |  | Reviewer Comment (XXXX-11-05): Document provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117897 | XXXX | 34854597 | 200208657-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Approved Lender exception for DSCR of 0.88% with an LTV of 80% when max LTV is 75% per guides, compensating factors are FICO higher than 740 and at least 20 points higher than guideline 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. | ReservesXXXX<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 777 | XXXX | Reviewer Comment (XXXX-10-30): Client elects to regrade and waive based on the following compensating factors: <br> Guidelines Representative FICO: 660<br> Representative FICO: 777<br> Reserves: XXXX<br> Guideline Requirement: 6.00 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118066 | XXXX | 34927475 | 200208660-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Appraiser included high adjustments on sales comp 2(-25% net, 25% gross), sales comps 3 and 4 are SFRs, and sales comp 1 closed >12 months ago. additionally, all three rental comps are SFRs. | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | In place monthly rents are being used for underwritten monthly income. | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception provided with Compensating Factors.<br>Seller Comment (XXXX-11-10): (Rate Lock) Please see uploaded exception approval form. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118066 | XXXX | 34929526 | 200208660-25749 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | Final, signed HUD-1 is missing from file. |  |  |  | Reviewer Comment (XXXX-11-12): Document provided in trailing docs.<br>Seller Comment (XXXX-11-07): (Rate Lock) Please see uploaded settlement statement. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | 34852756 | 200208661-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing |  |  |  | Reviewer Comment (XXXX-11-11): XXXXXXXX received XXXX6 CD received 3 business days prior to consummation.<br>Seller Comment (XXXX-11-10): (Rate Lock) ICD provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | 34852757 | 200208661-34957 | 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 | No cure and no valid COC provided. |  |  |  | Reviewer Comment (XXXX-11-11): XXXXXXXX Received Valid COC dated XXXX4 along with revised CD dated XXXX.<br>Seller Comment (XXXX-11-10): (Rate Lock) CIC provided | XXXX | XXXX | 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 | 4350118035 | XXXX | 34852758 | 200208661-6542 | 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 | Cure provide and no valid COC provided. |  |  |  | Reviewer Comment (XXXX-11-11): 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-11-10): (Rate Lock) Cure was applied to final CD at closing | XXXX | XXXX | 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 | 4350118035 | XXXX | 34852800 | 200208661-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Excessive NSF : XXXX NSFs (XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX) and XXXX overdraft protection payments. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.00.<br>Borrower has worked in the same position for more than 3 years. |  | XXXX | Reviewer Comment (XXXX-11-03): Lender Exception with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | 34948674 | 200208661-6583 | 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-11-11): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | 34806187 | 200208680-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception SFR with 2 levels and an ADU, all receive rental income. Due to Requesting review of property and use of rental income from all units, per guidelines rental income from an ADU is not permitted. Market Rents of $XXXX being used to qualify, Lease agreements total $XXXX per month. | 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. | 0x3x24<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-10-28): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | 34857649 | 200208685-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX XXXX 4506-C XXXX, 4506-C XXXX |  |  |  |  | Reviewer Comment (XXXX-11-14): Docs received in trailing docs.<br>Reviewer Comment (XXXX-11-10): Please provide 4506-C XXXX, 4506-C XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | 34857931 | 200208685-6572 | 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 receipt prior to 3 business days of closing is missing. |  |  |  | Reviewer Comment (XXXX-11-10): Client accepts EV2 Grade and elects to Waive<br>Seller Comment (XXXX-11-06): (Rate Lock) EV2 accept please clear | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117862 | XXXX | 34944311 | 200208686-27012 | 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. |  | 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'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-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118024 | XXXX | 34850128 | 200208690-34957 | 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 | Lender credit on final CD is less than lender credit on initial LE. |  |  |  | Reviewer Comment (XXXX-11-12): XXXXXXXX received valid COC document and rebuttal<br>Seller Comment (XXXX-11-10): (Rate Lock) The switch was to avoid a dual compensation violation and was requested by the borrower. Please clear<br>Reviewer Comment (XXXX-11-06): XXXXXXXX received Changed Circumstance dated XXXX, but it does not give sufficient information on why the compensation was flipped to lender paid. In order to determine if the changed circumstance is valid more information is necessary on reason credit was decreased and when lender became aware of the change. A valid COC or cure is required. Cure documents consist of PCCD, LOE, proof of mailing and copy of refund check.<br>Seller Comment (XXXX-11-04): (Rate Lock) CIC provided | XXXX | XXXX | 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 A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118024 | XXXX | 34850130 | 200208690-6572 | 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-11-14): Proof of appraisal receipt provided in trailing docs.<br>Seller Comment (XXXX-11-13): (Rate Lock) PDF shows clear proof the borrower received the appraisal on XXXX which is prior to close and is compliant for HPML<br>Reviewer Comment (XXXX-11-12): Document provided does not reflect borrower's initial on which statement is applicable.<br>Seller Comment (XXXX-11-10): (Rate Lock) Please clear as proof appraisal was received provided | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118024 | XXXX | 34850131 | 200208690-6446 | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.68207% or Final Disclosure APR of 8.69500% is equal to or greater than the threshold of APOR 6.29% + 1.5%, or 7.79000%. Non-Compliant Higher Priced Mortgage Loan. |  |  |  |  | Reviewer Comment (XXXX-11-06): Document Provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118024 | XXXX | 34850132 | 200208690-7013 | 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. (Type:Primary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-11-14): Proof of appraisal receipt provided in trailing docs.<br>Seller Comment (XXXX-11-13): (Rate Lock) PDF shows clear proof the borrower received the appraisal on XXXX which is prior to close and is compliant for HPML<br>Reviewer Comment (XXXX-11-12): Document provided does not reflect borrower's initial on which statement is applicable.<br>Seller Comment (XXXX-11-10): (Rate Lock) Please clear as proof appraisal was received provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118026 | XXXX | 34849191 | 200208699-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | No more than 5 overdrafts/NSF in a 12-month period. Borrower has XXXX then has XXXX negative daily ending balance. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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%. | Lender Exception with Comp Factors.<br>Lender Exception with Comp Factors.<br>Lender Exception with Comp Factors. | XXXX | Reviewer Comment (XXXX-11-03): Lender Exception with Comp Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118026 | XXXX | 34849254 | 200208699-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XXXX) | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XXXX) |  |  |  | Reviewer Comment (XXXX-11-05): XXXXXXXX received XXXX CD received 3 business days prior to consummation.<br>Seller Comment (XXXX-11-04): (Rate Lock) ICD provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Rate/Term | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118095 | XXXX | 34855806 | 200208700-28330 | 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. | The $XXXX loan size is below the XXXX minimum. | 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>The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. | 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 | XXXX | Reviewer Comment (XXXX-11-03): Waived with compensating factors per lender exception approval at origination. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | 34887209 | 200208702-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The appraisal utilizes comp sale 1 with +15.9% net / 42.0% gross adj, comp sale 2 with 28.7% gross adj, comp sale 3 +38.6% net / 38.6% gross adj and this is a cash-out refinance of a short term rental utilizing trailing twelve-month actuals. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.<br>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. | Qualifying DSCR higher than 1.1x and at least 0.1x higher than guideline minimum | XXXX | Reviewer Comment (XXXX-11-03): Waived with compensating factors per lender exception approval at origination. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | 35072342 | 200208707-4245 | 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%. |  | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. | Debt Service Coverage Ratio: 1.72<br> Guideline Requirement: 1.00 | XXXX | Reviewer Comment (XXXX-11-25): Client elected to waive with compensating factors.<br>Reviewer Comment (XXXX-11-25): .<br>Reviewer Comment (XXXX-11-25): lender approved exception was provided | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | 35072343 | 200208707-4246 | 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%. |  | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. | Debt Service Coverage Ratio: 1.72<br> Guideline Requirement: 1.00 | XXXX | Reviewer Comment (XXXX-11-25): Client elected to waive with compensating factors.<br>Reviewer Comment (XXXX-11-25): .<br>Reviewer Comment (XXXX-11-25): lender approved exception was provided | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | 34847462 | 200208710-2924 | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | Fraud Report is missing. |  |  |  | Reviewer Comment (XXXX-11-04): Document provided<br>Seller Comment (XXXX-10-31): (Rate Lock) Please see uploaded fraud report. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | 34847468 | 200208710-5205 | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | OFAC is missing. |  |  |  | Reviewer Comment (XXXX-11-04): Document provided<br>Seller Comment (XXXX-10-31): (Rate Lock) Please see uploaded fraud report. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | 34847469 | 200208710-2800 | XXXX | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided |  | Credit Report is missing. |  |  |  | Reviewer Comment (XXXX-11-04): Document provided<br>Seller Comment (XXXX-10-31): (Rate Lock) Please see uploaded credit report. | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | 34847516 | 200208710-7901 | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | Credit Report: Original // Borrower: XXXXXXXX | OFAC not provided. |  |  |  | Reviewer Comment (XXXX-11-04): Document provided<br>Seller Comment (XXXX-10-31): (Rate Lock) Please see uploaded fraud report. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | 34847518 | 200208710-23698 | XXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XXXXXXXX | Fraud report in file. |  |  |  | Reviewer Comment (XXXX-11-04): Document provided<br>Seller Comment (XXXX-10-31): (Rate Lock) Please see uploaded fraud report. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | 34847525 | 200208710-28862 | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | Financial Institution: XXXX // Account Type: Funds from Business Account / Account Number: XXXX | Additional 1 month consecutive bank statement is missing.. |  |  |  | Reviewer Comment (XXXX-11-04): Document provided<br>Seller Comment (XXXX-10-31): (Rate Lock) All statements available for XXXX acct XXXX are uploaded. This was a new account opened in XXXX (beginning balance in the XXXX statement is $XXXX with no prior activity). | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | 34847526 | 200208710-28862 | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | Financial Institution: XXXX Bank, N.A // Account Type: Checking / Account Number: XXXX | Additional 1 month consecutive bank statement is missing.. | 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. | 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-11-04): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-31): (Rate Lock) N/A - XXXX XXXX statement was used to source a large deposit for a different account. Please clear/waive this condition. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | 34847535 | 200208710-28862 | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | Financial Institution: XXXX // Account Type: Funds from Business Account / Account Number: XXXX | Additional 1-month consecutive bank statement is missing. | 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. | 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-11-04): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-10-31): (Rate Lock) N/A - XXXX XXXX statement was used to source the EMD payment. Please clear/waive this condition. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117864 | XXXX | 34894742 | 200208720-7907 | XXXX | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | Address: XXXX | Lease agreement is not provided. |  |  |  | Reviewer Comment (XXXX-11-12): Letter of explanation provided in trailing docs.<br>Seller Comment (XXXX-11-10): (Rate Lock) LOE provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117864 | XXXX | 34894752 | 200208720-23688 | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | Hazard Insurance Coverage Amount is insufficient. |  |  |  | Reviewer Comment (XXXX-11-12): RCE provided in trailing docs.<br>Seller Comment (XXXX-11-12): (Rate Lock) we already have the RCE with additional coverage on the policy itself and the RCE is not exceeding the total of both the coverages(XXXX) | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117864 | XXXX | 34894753 | 200208720-27012 | 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. | Calculated DSCR of 0.93 does not meet the guidelines requirement of 1. | 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'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-11-05): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117864 | XXXX | 34895112 | 200208720-4245 | 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%. |  | 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'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-11-05): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117864 | XXXX | 34895113 | 200208720-4246 | 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%. |  | 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'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-11-05): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117954 | XXXX | 34889970 | 200208721-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower has a XXXX that sells some XXXX products which is legal in their state. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-04): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | 34854968 | 200208730-4062 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | The corporate resolution signed by both members is not located in the file. |  |  |  | Reviewer Comment (XXXX-11-04): document provided<br>Seller Comment (XXXX-10-31): (Rate Lock) See uploaded certificate of incumbency giving signatory authorization to XXXX. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | 34854985 | 200208730-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Documentation to verify a 12-month housing history is not located in the file. | 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: 660<br> Representative FICO: 788 | XXXX | Reviewer Comment (XXXX-11-06): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-04): (Rate Lock) This loan was for the purchase of the subject property, so there is no 12-month history available (not applicable). Please clear/waive this condition.<br>Reviewer Comment (XXXX-11-04): Documentation to verify a 12-month housing history is not located in the file.<br>Seller Comment (XXXX-10-31): (Rate Lock) N/A - this is an acquisition. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | 34854997 | 200208730-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception proved for the appraisal shows zoning as legal nonconforming and the commentary notes that the subject will need approval from the local zoning board to be rebuilt if it is destroyed. The local zoning office noted they cannot provide details on ability to be rebuilt in the event of damage as the property needs to have been damaged for them to provide a variance. | 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: 660<br> Representative FICO: 788 | XXXX | Reviewer Comment (XXXX-10-30): Client elects to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | 35001640 | 200208735-4064 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Assignment of Leases/Rents not provided |  | Assignment of Leases missing in Loan File. |  |  |  | Reviewer Comment (XXXX-11-21): Received docs in trailing docs.<br>Seller Comment (XXXX-11-20): (Rate Lock) DOT and riders provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | 35001641 | 200208735-2876 | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided |  | Security Instrument missing. Please provide, and note that additional documentation may be needed once the Security Instrument has been entered and evaluated. |  |  |  | Reviewer Comment (XXXX-11-21): Received docs in trailing docs.<br>Seller Comment (XXXX-11-20): (Rate Lock) DOT and riders provided | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | 35001656 | 200208735-7894 | XXXX | Credit | Investment Product | General Exception | Investment Product | Security Instrument Error: Assignment of Leases/Rents is not in the file and required by guidelines | Document: Assignment of Leases/Rents |  |  |  |  | Reviewer Comment (XXXX-11-21): Received docs in trailing docs.<br>Seller Comment (XXXX-11-20): (Rate Lock) DOT and riders provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117856 | XXXX | 34942224 | 200208737-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception: Lender Exception - Borrower is Lives rent Free with significant other, Borrower is first time homebuyer and first time investor. | 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. | 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-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117856 | XXXX | 34944932 | 200208737-7905 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | Borrower: XXXX 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. | 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-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118007 | XXXX | 34961409 | 200208738-25077 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Ineligible property type. |  | Lender approved exception to use business income from a XXXX based sales company. | Borrower has verified disposable income of at least XXXX.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. | Documentation Type: 12mo Bank Statement<br> Disposable Income: $XXXX<br>Reserves: 14.78<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 29.63%<br> Borrower's Own Funds Amount: $XXXX<br>Guidelines Representative FICO: 680<br> Representative FICO: 811 | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception provided with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118007 | XXXX | 34961578 | 200208738-32066 | XXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: Preliminary <br> State: XXXX |  |  |  |  | Reviewer Comment (XXXX-11-18): policy amount was provided<br>Seller Comment (XXXX-11-17): (Rate Lock) Title update with coverage provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118007 | XXXX | 34963151 | 200208738-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to not tear down the damaged additional structure showing on the appraisal. | Borrower has verified disposable income of at least XXXX.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. | Documentation Type: 12mo Bank Statement<br> Disposable Income: $XXXX<br>Reserves: 14.78<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 29.63%<br> Borrower's Own Funds Amount: $XXXX<br>Guidelines Representative FICO: 680<br> Representative FICO: 811 | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception provided with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | 34985494 | 200208739-3677 | 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 The loan file does not contain a third party verification of employment for the borrower's self-employment. |  |  |  | Reviewer Comment (XXXX-11-18): VVOE was provided<br>Seller Comment (XXXX-11-18): (Rate Lock) VOE provided | XXXX | XXXX | XXXX | 1 B A C | XXXX | XXXX | Second Home | Refinance - Rate/Term | Lender to provide updated ATR/QM status C | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | 34985495 | 200208739-4944 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. (XXXX,XXXX XXXX XXXX/Bank Statements) | The loan file does not contain a third party verification of employment for the borrower's self-employment. |  |  |  | Reviewer Comment (XXXX-11-18): VVOE was provided<br>Seller Comment (XXXX-11-18): (Rate Lock) VOE provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | 34985497 | 200208739-4204 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | The loan file does not contain a third party verification of employment for the borrower's self-employment. |  |  |  | Reviewer Comment (XXXX-11-18): VVOE was provided | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | 34987074 | 200208739-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Existence of business was not verified within 120 days of note date. |  |  |  | Reviewer Comment (XXXX-11-18): VVOE was provided<br>Seller Comment (XXXX-11-18): (Rate Lock) VOE provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | 34987076 | 200208739-33058 | 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.) | Existence of business was not verified within 120 days of note date. |  |  |  | Reviewer Comment (XXXX-11-18): VVOE was provided<br>Seller Comment (XXXX-11-18): (Rate Lock) VOE provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | 34987096 | 200208739-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Existence of business was not verified within 120 days of note date. |  |  |  | Reviewer Comment (XXXX-11-18): VVOE was provided<br>Seller Comment (XXXX-11-18): (Rate Lock) VOE provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117877 | XXXX | 35023322 | 200208744-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Property is zoned as commercial however per appraisal comments zoning allows some residential. Exception needed for property zoned as commercial. | Borrower has owned the subject property for at least 5 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. | Borrower has owned the subject property for at least 5 years.<br>Combined Loan to Value: 39.25234%<br> Guideline Maximum Combined Loan to Value: 65.00000%<br>Loan to Value: 39.25234%<br> Guideline Maximum Loan to Value: 65.00000%<br>Guidelines Representative FICO: 680<br> Representative FICO: 760 | XXXX | Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118012 | XXXX | 35020545 | 200208748-32065 | XXXX | Credit | Title | Document Error | Title | The 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. |  | Final Title Policy document is not provided in file |  |  |  | Reviewer Comment (XXXX-11-25): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-24): (Rate Lock) EV2 accept please clear | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118012 | XXXX | 35020623 | 200208748-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception to allow investment property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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>Documentation Type: 12mo Bank Statement<br> Disposable Income: $XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Guidelines Representative FICO: 680<br> Representative FICO: 748 | XXXX | Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117956 | XXXX | 34930024 | 200208750-2798 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  | Final 1003 signed document missing |  |  |  | Reviewer Comment (XXXX-11-12): Doc provided in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117956 | XXXX | 34933068 | 200208750-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Loan file using four businesses on the bank statement program when the maximum allowed is three. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117956 | XXXX | 34933081 | 200208750-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The aggregate of total loans exceeds $XXXX | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117956 | XXXX | 34935137 | 200208750-4436 | 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-11-12): Client elects to waive.<br>Seller Comment (XXXX-11-10): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117947 | XXXX | 34886838 | 200208751-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception allowing use of 4 business on the bank statement program when 3 is the maximum allowable. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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>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. | XXXX | Reviewer Comment (XXXX-11-05): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117947 | XXXX | 34887170 | 200208751-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception approved- Aggregate of total active loan exceeds XXXX | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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>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. | XXXX | Reviewer Comment (XXXX-11-05): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34784985 | 200208752-6572 | 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 dated XXXX missing evidence of receipt. |  |  |  | Reviewer Comment (2025-12-04): Client accepts EV2 Grade and elects to Waive.<br>Reviewer Comment (2025-12-03): Client elects to waive.<br>Reviewer Comment (2025-11-03): Ok to clear<br>Seller Comment (2025-11-03): (Rate Lock) Please clear<br>Reviewer Comment (2025-10-31): Client accepts.<br>Seller Comment (2025-10-29): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34784986 | 200208752-3677 | 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. | Third Party Verification is missing resulting in the Due Diligence Loan Designation of ATR Fail. |  |  |  | Reviewer Comment (XXXX-11-05): Document Provided.<br>Reviewer Comment (XXXX-10-31): Third party verification of business existence was not provided for XXXX XXXX, LLC. | XXXX | XXXX | XXXX | 1 B A C | XXXX | XXXX | Second Home | Refinance - Rate/Term | Lender to provide updated ATR/QM status C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34784987 | 200208752-25519 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Partnership Test | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Partnership status due to most recent Tax Return end date is older than 120 days before Closing Date, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. (XXXX,XXXX XXXX LLC/Partnership) | Third Party Verification is missing. |  |  |  | Reviewer Comment (XXXX-11-05): Document Provided.<br>Reviewer Comment (XXXX-10-31): Third party verification of business existence was not provided for XXXX XXXX, LLC. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34784989 | 200208752-25040 | 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). | Borrower qualified on Interest Only Rate whereas QM requires 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 for qualification. |  |  |  | Reviewer Comment (XXXX-11-06): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-06): (Rate Lock) EV2 accept please clear | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34784990 | 200208752-34957 | 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 | Lender Credits were removed from the CD dated XXXX, no valid change provided. |  |  |  | Reviewer Comment (XXXX-11-04): XXXXXXXX received valid COC document<br>Reviewer Comment (XXXX-10-30): XXXXXXXX received COC dated XXXX which was already in file but the decrease of lender credit is not proportionate to the decrease in loan amount. Moreover, when loan amount changes the lender credit change should be proportionate to the loan amount change, and if change is not proportionate there should be additional information that explains change in borrower eligibility change such as did not qualify for current product, or DTI increased, or FICO score decreased. Though an LTV may change, the information did not state that there was a pricing/product/program change. Provide supporting document with additional information for pricing decreased or Cure would be due to borrower.<br>Seller Comment (XXXX-10-29): (Rate Lock) This was due to loan amount change - please see attached COC & lock for review | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | 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 | 4350117977 | XXXX | 34784991 | 200208752-4204 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Third Party Verification within 120 Calendar days prior to the Note date is missing |  |  |  | Reviewer Comment (XXXX-11-05): Document Provided. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34785001 | 200208752-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | Initial XXXX closing disclosure was signed on XXXX, missing evidence of earlier receipt. |  |  |  | Reviewer Comment (XXXX-11-04): XXXXXXXX received CD dated XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34787891 | 200208752-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Third party verification is missing. |  |  |  | Reviewer Comment (XXXX-11-05): Document Provided.<br>Reviewer Comment (XXXX-10-29): Required Third party verification/CPA Letter to clear the exception. Exception Remains. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34787899 | 200208752-33058 | 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.) |  |  |  |  | Reviewer Comment (XXXX-11-05): Document Provided. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34787905 | 200208752-6542 | 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 | The Appraisal Fee increased on the LE dated XXXX, with no valid change provided. |  |  |  | Reviewer Comment (XXXX-11-10): XXXXXXXX received Letter of Explanation, Payment History and Corrected CD.<br>Reviewer Comment (XXXX-11-04): XXXXXXXX Changed Circumstance dated XXXX available in file, but it does not give sufficient information on why the appraisal fee was updated. In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change. A valid COC or cure is required. Cure documents consist of PCCD, LOE, proof of mailing and copy of refund check. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Second Home | 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 | 4350117977 | XXXX | 34787908 | 200208752-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Missing Third Party verification results in ATR risk. |  |  |  | Reviewer Comment (XXXX-11-05): Document Provided.<br>Reviewer Comment (XXXX-10-31): Third party verification of business existence was not provided for XXXX Properties, LLC. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Refinance - Rate/Term | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | 34914881 | 200208752-25029 | 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-11-05): Document Provided. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Second Home | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation C B | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | 35002635 | 200208754-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | Closing Disclosure was not provided to Borrowers at least three business days prior to closing. |  |  |  | Reviewer Comment (XXXX-11-21): XXXXXXXX received CD dated XXXX<br>Seller Comment (XXXX-11-20): (Rate Lock) ICD provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | 35005785 | 200208754-31130 | XXXX | Compliance | Compliance | State Compliance | State Defect | (XXXX50(a)(6)) XXXX Cash-out Loan (XXXX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) | XXXX Constitution Section 50(a)(6): Missing date the Revised Notice Concerning Extensions of Credit disclosure was provided, however file includes a signed acknowledgment stating that the owner(s) received the Notice at least 12 days prior to closing. |  |  |  |  | Reviewer Comment (XXXX-12-03): Client elected to waive EV2 exception<br>Reviewer Comment (XXXX-11-21): Lender elected to waive<br>Seller Comment (XXXX-11-20): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower XXXX and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | 35006892 | 200208754-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved an exception to use multiple bank statements from 2 business accounts. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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>Reserves: 102.45<br> Guideline Requirement: 6.00<br>Combined Loan to Value: 70.00000%<br> Guideline Maximum Combined Loan to Value: 80.00000%<br>Loan to Value: 70.00000%<br> Guideline Maximum Loan to Value: 80.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 701 | XXXX | Reviewer Comment (XXXX-11-18): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117892 | XXXX | 34939718 | 200208755-7907 | XXXX | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | Address: XXXX | Provide lease for the subject as 1004 reflects it as occupied. |  |  |  | Reviewer Comment (XXXX-11-12): Lease provided in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117892 | XXXX | 34939721 | 200208755-4245 | 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%. | LTV exceeds allowable for a rural property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | 0x30x24 | XXXX | Reviewer Comment (XXXX-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117892 | XXXX | 34939722 | 200208755-4246 | 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 65.00000%. | CLTV exceeds allowable for a rural property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | 0x30x24 | XXXX | Reviewer Comment (XXXX-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117888 | XXXX | 34937684 | 200208763-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | DSCR of less than 1.00. Current DSCR is 0.98. This is based on transferred leases total of $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. | 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-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117888 | XXXX | 34939119 | 200208763-27012 | 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. |  | 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. | 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-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117986 | XXXX | 34942495 | 200208764-4436 | 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-11-14): Client elects to waive<br>Seller Comment (XXXX-11-13): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117979 | XXXX | 34942696 | 200208767-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Using non-borrowing spouses assets for closing. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117979 | XXXX | 34942698 | 200208767-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | XXXX NSF's in the last 12 months. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117996 | XXXX | 34882856 | 200208770-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception for excessive NSF/overdrafts totaling XXXX. | Borrower has verified disposable income of at least XXXX.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. | Documentation Type: 12mo Bank Statement<br> Disposable Income: $XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 15.87<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 31.64%<br> Borrower's Own Funds Amount: $XXXX<br>DTI: 22.41745% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 791 | XXXX | Reviewer Comment (XXXX-11-04): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117866 | XXXX | 34928197 | 200208774-4245 | 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% when a 5% reduction is required for declining market. | 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. | 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-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117866 | XXXX | 34937292 | 200208774-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Non-warrantable condo with a DSCR < 1. | 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. | 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-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117866 | XXXX | 34937627 | 200208774-4246 | 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%. |  | 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. | 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-11-07): ender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | 34792936 | 200208775-25838 | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXXX Insurance Verification | Missing HOI policy. |  |  |  | Reviewer Comment (XXXX-10-29): Hazard Insurance is not required as property is free and clear. Exception cleared.<br>Seller Comment (XXXX-10-29): (Rate Lock) we don't need the hazard insurance since we have the property profile showing it is free and clear, also please see attached, kindly review and clear the condition<br>Reviewer Comment (XXXX-10-28): Insurance premium amount is not given on Hazard Insurance document (XXXX). Hazard Insurance document is required for REO property as "XXXX". Exception Remains.<br>Seller Comment (XXXX-10-28): (Rate Lock) Please see the property profile attached showing that the property is free and clear | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | 34792974 | 200208775-3677 | 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 the P&L statement is dated from XXXX to XXXX, which only covers an 11 month time frame and 12 months are required by guidelines. |  |  |  | Reviewer Comment (XXXX-10-29): Received the corrected P&L along with the LOE and explanation. Exception Cleared.<br>Seller Comment (XXXX-10-29): (Rate Lock) Please see attched corrected P&L along with the LOE with explanantion | XXXX | XXXX | XXXX | 1 B A C | XXXX | XXXX | Primary | Purchase | Lender to provide updated ATR/QM status C | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | 34792975 | 200208775-34660 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - P&L Statement Only Guidelines Number of Months P&L Requirement not met | Ability to Repay (Dodd-Frank 2014): The number of months covered by the provided P&L Statement(s) was fewer than the number of months required by the guidelines. (XXXX/P&L Statement Only) | XXXX due to the P&L statement is dated from XXXX to XXXX, which only covers an 11 month time frame and 12 months are required by guidelines. |  |  |  | Reviewer Comment (XXXX-10-29): Received the corrected P&L along with the LOE and explanation. Exception Cleared.<br>Seller Comment (XXXX-10-29): (Rate Lock) Please see attched corrected P&L along with the LOE with explanantion | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | 34792976 | 200208775-4204 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | XXXX due to the P&L statement is dated from XXXX to XXXX, which only covers an 11 month time frame and 12 months are required by guidelines. |  |  |  | Reviewer Comment (XXXX-10-29): Received the corrected P&L along with the LOE and explanation. Exception Cleared. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | 34792985 | 200208775-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | XXXX due to the P&L statement is dated from XXXX to XXXX, which only covers an 11 month time frame and 12 months are required by guidelines. |  |  |  | Reviewer Comment (XXXX-10-29): Received the corrected P&L along with the LOE and explanation. Exception Cleared.<br>Seller Comment (XXXX-10-29): (Rate Lock) Please see attched corrected P&L along with the LOE with explanantion | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | 34806979 | 200208775-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The P&L statement is dated from XXXX to XXXX, which only covers an 11 month time frame and 12 months are required by guidelines. |  |  |  | Reviewer Comment (XXXX-10-29): Received the corrected P&L along with the LOE and explanation. Exception Cleared.<br>Seller Comment (XXXX-10-29): (Rate Lock) Please see attched corrected P&L along with the LOE with explanantion | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | 34806987 | 200208775-33058 | 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.) | XXXX due to the P&L statement is dated from XXXX to XXXX, which only covers an 11 month time frame and 12 months are required by guidelines. |  |  |  | Reviewer Comment (XXXX-10-29): Received the corrected P&L along with the LOE and explanation. Exception Cleared.<br>Seller Comment (XXXX-10-29): (Rate Lock) Please see attched corrected P&L along with the LOE with explanantion | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118094 | XXXX | 34893902 | 200208781-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception- Property is located in XXXX, XXXX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Seasoned Borrower/Investor whose experience exceeds XXXX projects.<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%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months

# of Properties Completed: XXXX<br> # of Projects (last 24 months): <br> # of Renovation Projects Completed (purchased and exited):<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%. | XXXX | Reviewer Comment (XXXX-11-05): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118055 | XXXX | 34927274 | 200208786-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The appraisal utilized comparables with larger adjustments (sale 1 with +15% net / 57% gross adj and comp sale 2 with 50% gross adj.). | 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 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. | 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 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. | XXXX | Reviewer Comment (XXXX-11-06): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118055 | XXXX | 34929819 | 200208786-4062 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Operating Agreement requires unanimous consent for borrowing. Please provide Corporate Resolution. |  |  |  | Reviewer Comment (XXXX-11-12): Document provided in trailing docs.<br>Seller Comment (XXXX-11-07): (Rate Lock) Please see uploaded corporate resolution. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | 34927686 | 200208787-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The appraisal utilized comparables with large adjustments (sale 2 with a gross adjustment of 30.19% , comp sale 3 with a 26.93% gross adjustment, and comp sale 4 with a +70.40% net / 72.80% gross adjustment). | 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. | Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-11-06): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117959 | XXXX | 34930145 | 200208794-6572 | 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) | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-11-13): Lender elects to waive.<br>Seller Comment (XXXX-11-12): (Rate Lock) ender accepts ev2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117959 | XXXX | 34930149 | 200208794-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XXXX) | Initial CD in loan file is dated XXXX, however the Disclosure summary reflects a XXXX CD which was not present in the file. Please provide theXXXX CD and any additional CDs for the transaction. |  |  |  | Reviewer Comment (XXXX-11-13): XXXXXXXX received XXXX CD received 3 business days prior to consummation.<br>Seller Comment (XXXX-11-12): (Rate Lock) ICD provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117959 | XXXX | 34930150 | 200208794-34957 | 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-11-13): XXXXXXXX Received Valid COC along with revised CD.<br>Seller Comment (XXXX-11-12): (Rate Lock) CIC provided | XXXX | 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 | 4350117959 | XXXX | 34930152 | 200208794-6542 | 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. Sufficient cure is required. |  |  |  | Reviewer Comment (XXXX-11-13): XXXXXXXX Received Valid COC along with revised CD.<br>Seller Comment (XXXX-11-12): (Rate Lock) CIC provided | XXXX | 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 | 4350117959 | XXXX | 34930153 | 200208794-6542 | 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. Sufficient cure is required. |  |  |  | Reviewer Comment (XXXX-11-13): 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-11-12): (Rate Lock) Cure of $XXXX applied at closing for increase in CR | XXXX | 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 | 4350117959 | XXXX | 34936764 | 200208794-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The bank account reflects XXXX overdrafts in the previous 12 months. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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 verified disposable income of at least XXXX.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 representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117959 | XXXX | 34970742 | 200208794-6583 | 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-11-13): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118043 | XXXX | 34849544 | 200208796-32065 | XXXX | Credit | Title | Document Error | Title | The 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. |  |  |  |  |  | Reviewer Comment (XXXX-11-06): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-04): (Rate Lock) Lender accepts and wishes to waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350118043 | XXXX | 34850074 | 200208796-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The subject has 2 ADU's and the smaller ADU being less than XXXX square feet. | Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Comp Factors.<br>Lender Exception with Comp Factors.<br>Lender Exception with Comp Factors. | XXXX | Reviewer Comment (XXXX-11-03): Lender Exception with Comp Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | 34929736 | 200208798-6668 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Desk Review not provided |  | Missing Desk Review. |  |  |  | Reviewer Comment (XXXX-11-17): Document provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | 34929771 | 200208798-26684 | XXXX | Property | Appraisal | Appraisal Reconciliation | Appraisal | Missing secondary valuation viaDesk Review, Field Review, or 2nd URAR, as required by client. |  |  |  |  |  | Reviewer Comment (XXXX-11-17): Document provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | 34936341 | 200208798-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The subject is an SFR with ADU with potential 2nd ADU, which the appraisal states can easily be set up in the future. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | 34995694 | 200208798-6572 | 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:Secondary/XXXX) |  |  |  |  | Reviewer Comment (XXXX-11-17): document provided | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117884 | XXXX | 34948129 | 200208799-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The Project is not insured at replacement cost. Units covered for $XXXX, whereas replacement is $XXXX per unit. | 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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>The DSCR of 1.1 is greater than the minimum required DSCR of 1.0. | XXXX | Reviewer Comment (XXXX-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117884 | XXXX | 34948131 | 200208799-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Project has units destroyed by fire which will not be complete until 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.<br>The qualifying DSCR on the loan is greater than the guideline minimum. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>The DSCR of 1.1 is greater than the minimum required DSCR of 1.0. | XXXX | Reviewer Comment (XXXX-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117884 | XXXX | 34948132 | 200208799-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The pool is closed due to lack of funds. | 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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>The DSCR of 1.1 is greater than the minimum required DSCR of 1.0. | XXXX | Reviewer Comment (XXXX-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117884 | XXXX | 34948135 | 200208799-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Current Budget ended XXXX, new budget not approved yet. | 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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>The DSCR of 1.1 is greater than the minimum required DSCR of 1.0. | XXXX | Reviewer Comment (XXXX-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117894 | XXXX | 34936038 | 200208826-31591 | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | The file is missing documentation confirming the condo project is warrantable. | 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'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. | XXXX | Reviewer Comment (XXXX-11-10): Guidelines allow non warrantable | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117894 | XXXX | 34938553 | 200208826-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Subject has been a XXXX less than 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 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'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. | XXXX | Reviewer Comment (XXXX-11-10): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | 34963124 | 200208827-5366 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 50.02448% exceeds Guideline total debt ratio of 45.00000%. | DTI Exceeds the allowable limit because of the income is being qualified with 30% Expense ratio because of the recurring payroll withdrawls. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | 34963153 | 200208827-25029 | 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. | XXXX Exception due to the DTI Exceeding the allowable limit because of the income is being qualified with 30% Expense ratio because of the recurring payroll withdrawals. |  |  |  | Reviewer Comment (XXXX-11-24): Loan is NonQM<br>Seller Comment (XXXX-11-20): (Rate Lock) Exception already approved for DTI | XXXX | 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 | 4350118001 | XXXX | 34963159 | 200208827-6446 | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.07256% or Final Disclosure APR of 8.12900% is equal to or greater than the threshold of APOR 6.24% + 1.5%, or 7.74000%. Non-Compliant Higher Priced Mortgage Loan. | Non-Compliant Higher Priced Mortgage Loan. |  |  |  | Reviewer Comment (XXXX-11-18): appraisal delivery report was provided<br>Seller Comment (XXXX-11-17): (Rate Lock) Proof borrower received appraisal prior to close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | 34963169 | 200208827-25035 | 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 50.02448% significantly exceeds the guideline maximum of 45.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | DTI Exceeds the allowable limit because of the income is being qualified with 30% Expense ratio because of the recurring payroll withdrawals. |  |  |  | Reviewer Comment (XXXX-11-24): Lender exception with compensating factors.<br>Reviewer Comment (XXXX-11-24): Regraded to EV2-B based on lender exception with compensating factors.<br>Seller Comment (XXXX-11-20): (Rate Lock) Exception already approved for DTI | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | 34963209 | 200208827-6572 | 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) | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-11-24): Lender elects to waive.<br>Seller Comment (XXXX-11-20): (Rate Lock) Please waive<br>Reviewer Comment (XXXX-11-18): Exception is EV2, lender may elect to waive.<br>Seller Comment (XXXX-11-17): (Rate Lock) Proof borrower received appraisal prior to close | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | 34963210 | 200208827-7013 | 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. (Type:Primary/XXXX) | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-11-18): appraisal delivery report was provided<br>Seller Comment (XXXX-11-17): (Rate Lock) Proof borrower received appraisal prior to close | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | 34963281 | 200208827-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | All Parties listed on bank account must be included as borrowers on the loan, Spouse is not on the loan but is listed on the business bank statement used for qualifying income. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | 34963472 | 200208827-24447 | XXXX | Credit | Credit | Miscellaneous | Credit | Debt prior to closing, not on original credit and still open at the time of closing |  | Borrower using $XXXX from a lease to purchase agreement on the primary/departure which will close after the closing of the subject. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | 35010852 | 200208827-27759 | 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-11-24): Lender elects to waive.<br>Seller Comment (XXXX-11-20): (Rate Lock) Please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | 35038583 | 200208834-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Vacant 2 unit property; when only allowed 1 to be vacant when 2 units. | 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. | Guidelines Representative FICO: 660<br> Representative FICO: 729 | XXXX | Reviewer Comment (XXXX-11-21): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | 35038592 | 200208834-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Seasoning requirement for cash out. Trust shows borrower is a beneficiary however, property was transferred to an LLC on XXXX when application date of the loan is XXXX. | 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. | Guidelines Representative FICO: 660<br> Representative FICO: 729 | XXXX | Reviewer Comment (XXXX-11-21): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118103 | XXXX | 34929843 | 200208835-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The hazard policy does not reflect replacement cost in the event of a loss. | 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.<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower's Experience/Track Record | Borrower's Experience/Track Record. The borrower has: XXXX Years of Experience. Currently holds XXXX Properties. | XXXX | Reviewer Comment (XXXX-11-06): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117876 | XXXX | 35007958 | 200208843-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved an exception for 2-Unit property in which it has 2 separate parcels. | 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%. | Reserves: XXXX<br> Guideline Requirement: 12.00<br>Combined Loan to Value: 70.00000%<br> Guideline Maximum Combined Loan to Value: 80.00000%<br>Loan to Value: 70.00000%<br> Guideline Maximum Loan to Value: 80.00000% | XXXX | Reviewer Comment (XXXX-11-18): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | 34928015 | 200208846-767 | XXXX | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: |  | Credit report reflects Collection account with unpaid balance $XXXX |  |  |  | Reviewer Comment (XXXX-11-12): Client elected to waive<br>Seller Comment (XXXX-11-10): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | 34928032 | 200208846-767 | XXXX | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | Credit Report: Original // Public Record Type: Collections / Balance: XXXX | Credit report reflects Collection account with unpaid balance $XXXX |  |  |  | Reviewer Comment (XXXX-11-12): Client elected to waive.<br>Seller Comment (XXXX-11-10): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | 34928034 | 200208846-767 | XXXX | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | Credit Report: Original // Public Record Type: Collections / Balance: XXXX | Credit report reflects Collection account with unpaid balance $XXXX |  |  |  | Reviewer Comment (XXXX-11-12): Client elected to waive.<br>Seller Comment (XXXX-11-10): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | 34928040 | 200208846-27012 | 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 request for DSCR<1 | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | 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-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | 34928055 | 200208846-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower is purchasing two different investment properties however there is no separate HUD and no separate sales price. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | 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-11-12): Lender Exception provided with Compensating Factors. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | 34938141 | 200208846-26816 | XXXX | Property | Valuation | Valuation Issue | Valuation | Property is in a declining market. |  | Property in Declining Market. |  |  |  | Reviewer Comment (XXXX-11-12): Client elects to waive.<br>Seller Comment (XXXX-11-10): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | 34948488 | 200208867-6572 | 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) | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-11-17): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-17): (Rate Lock) Lender accepts EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | 34952513 | 200208867-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrowers own a 2nd home jointly with another couple. All 4 parties are obligated on the associated mortgage but the owners all signed a notarized tenants in common agreement in which they agreed that the other owners are responsible for 75% of the mortgage payment and the borrowers are responsible for 25%. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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 verified disposable income of at least XXXX.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 representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | 34952537 | 200208867-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower was previously self-employed from XXXX to XXXX XXXX and then switched to a W2 job in the same field from XXXX XXXX to XXXX XXXX. Borrower then formed a new business in the same filed on XXXX. Deposits for this business began in XXXX, so there is only 9 months history on bank statements. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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 verified disposable income of at least XXXX.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 representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | 34982324 | 200208867-28438 | XXXX | Credit | Income | Income Error | Income | The total of Statement Period Months entered is less than the Qualifying Method entered of Most Recent 12 months. | Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX, Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX Statement Period Months provided: 9,<br> Statement Period Months provided: 9, |  | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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 verified disposable income of at least XXXX.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 representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-11-14): Lender Exception with Comp Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117990 | XXXX | 34948390 | 200208882-6543 | 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) | No Cure or change of circumstance in loan file. |  |  |  | Reviewer Comment (XXXX-11-14): 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-11-13): (Rate Lock) Cure was already applied at closing<br>Reviewer Comment (XXXX-11-13): XXXXXXXX received rebuttal, recording fee and survey fee are part of 10% tolerance calculation. Survey fee increased from XXXX to $XXXX. A valid COC or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check.<br>Seller Comment (XXXX-11-12): (Rate Lock) Please advise which fees are included in this calculation | XXXX | 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 | 4350117990 | XXXX | 34953712 | 200208882-4245 | 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 max of 80% for a borrower without a 12 month housing history. | Borrower has verified disposable income of at least XXXX.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 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 XXXX.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 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-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117990 | XXXX | 34953713 | 200208882-4246 | 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 max of 80% for a borrower without a 12 month housing history. | Borrower has verified disposable income of at least XXXX.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 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 XXXX.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 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-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117990 | XXXX | 35009847 | 200208882-6582 | 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-11-18): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117839 | XXXX | 35014523 | 200208884-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender excerption has been requested for the DSCR below 1 and LTV above 65% max . | 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: XXXX<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 700 | XXXX | Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117893 | XXXX | 34982644 | 200208885-2799 | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided |  | Note document Missing in this Loan File |  |  |  | Reviewer Comment (XXXX-11-19): Note provided<br>Reviewer Comment (XXXX-11-19): .<br>Reviewer Comment (XXXX-11-19): Note was provided<br>Seller Comment (XXXX-11-19): (Rate Lock) Note provided | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Investment | Purchase | D A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | 34937459 | 200208890-34270 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay – Bank Statement Guidelines Require 12 or more Months | Ability to Repay (Dodd-Frank 2014): Guidelines require 12 or more consecutive months bank statements. (XXXX,XXXX XXXX/Bank Statements) |  |  |  |  | Reviewer Comment (XXXX-11-14): Received LOE in trailing docs. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | 34937713 | 200208890-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Bank statements reflect XXXX negative balances within last 12 months. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided.<br>Lender Exception with Compensating Factors provided. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | 34957169 | 200208890-34537 | XXXX | Credit | Income | Document Error | Income | Bank statement page number is blank. | Borrower: XXXX XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Account Type: Business / Account Num: XXXX / Statement End Date: XXXX, Borrower: XXXX XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Account Type: Business / Account Num: XXXX / Statement End Date: XXXX | Loan file missing XXXX and XXXX statement for account XXXX. |  |  |  | Reviewer Comment (XXXX-11-14): Received LOE in trailing docs.<br>Seller Comment (XXXX-11-12): (Rate Lock) The XXXX account was discontinued/closed and the XXXX account took its place.? There are no statements for XXXX & XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | 34957210 | 200208890-3677 | 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 file missing XXXX and XXXX statement for account XXXX. |  |  |  | Reviewer Comment (XXXX-11-14): Received LOE in trailing docs.<br>Seller Comment (XXXX-11-12): (Rate Lock) The XXXX account was discontinued/closed and XXXX 6899 account took its place.? There are no statements for XXXX & XXXX | XXXX | XXXX | 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 | 4350117951 | XXXX | 34957211 | 200208890-32884 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Bank Statement Guidelines Number of Bank Statements Requirement not met | Ability to Repay (Dodd-Frank 2014): The number of bank statements provided for borrower's bank statement income was less than the number required by guidelines. (XXXX,XXXX XXXX/Bank Statements) | Loan file missing XXXX and XXXX statement for account XXXX. |  |  |  | Reviewer Comment (XXXX-11-14): Received LOE in trailing docs.<br>Seller Comment (XXXX-11-12): (Rate Lock) The XXXX account was discontinued/closed and the XXXX account took its place.? There are no statements for XXXX & XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | 34957212 | 200208890-4204 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Loan file missing XXXX and XXXX statement for account XXXX. |  |  |  | Reviewer Comment (XXXX-11-14): Received LOE in trailing docs. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | 34957306 | 200208890-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan file missing XXXX and XXXX statement for account XXXX. |  |  |  | Reviewer Comment (XXXX-11-14): Received LOE in trailing docs.<br>Seller Comment (XXXX-11-12): (Rate Lock) The XXXX account was discontinued/closed and the XXXX account took its place.? There are no statements for XXXX & XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | 34937786 | 200208894-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower does not have lease agreement for two of the 4 occupied units. | 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. | 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-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | 34957094 | 200208894-4062 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Please provide an executed Corporate Resolution. |  |  |  | Reviewer Comment (XXXX-11-13): Doc provided in trailing docs.<br>Seller Comment (XXXX-11-12): (Rate Lock) Signed OA provided | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117929 | XXXX | 35024995 | 200208904-6583 | 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 Re-Inspection Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Sufficient or excess cure was provided to the borrower at Closing. XXXX |  |  |  |  | Reviewer Comment (XXXX-11-20): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117929 | XXXX | 35028718 | 200208904-6583 | 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-11-20): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117929 | XXXX | 35033253 | 200208904-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Using asset depletion income not allowed for cash out refinances. | Borrower has owned the subject property for at least 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | Guidelines Representative FICO: 660<br> Representative FICO: 778 | XXXX | Reviewer Comment (XXXX-11-20): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | 35005560 | 200208907-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception approved for XXXX NSF's. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. | 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: 55.84<br> Guideline Requirement: 6.00<br>DTI: 37.61127% <br> Guideline Maximum DTI: 45.00000% | XXXX | Reviewer Comment (XXXX-11-18): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117964 | XXXX | 34951544 | 200208908-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower has XXXX negative balance on business bank statement. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.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. | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948526 | 200208910-4245 | 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%. | Lender exception for Borrower 1 living rent free - rent free borrowers require a max LTV of 80% and DTI of 43%, LTV exceeds current threshold. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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 verified disposable income of at least XXXX.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 representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948527 | 200208910-4246 | 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%. | Lender exception for Borrower 1 living rent free - rent free borrowers require a max LTV of 80% and DTI of 43%, LTV exceeds current threshold. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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 verified disposable income of at least XXXX.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 representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948528 | 200208910-29639 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Business Entity summary provided for both borrower's business are not dated. Borrower #2's business does not have any other verification of existence within 120 calendar days |  |  |  | Reviewer Comment (XXXX-11-14): Proof of document date provided in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948539 | 200208910-35682 | 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: , Borrower: XXXX XXXX // Employment Type: Employment / Income Type: Bank Statements / Start Date: XXXX // Document: Third Party Verification / Document Date: / Tax Year: | Business Entity summary provided for borrower #2 is not dated. |  |  |  | Reviewer Comment (XXXX-11-14): Proof of document date provided in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948540 | 200208910-35682 | 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: | Business Entity summary provided for borrower #1 is not dated. |  |  |  | Reviewer Comment (XXXX-11-14): Proof of document date provided in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948555 | 200208910-3677 | 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. | XXXX due to Business Entity summaries are not dated. |  |  |  | Reviewer Comment (XXXX-11-14): Proof of document date provided in trailing docs. | XXXX | XXXX | 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 | 4350117983 | XXXX | 34948556 | 200208910-4942 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Bank Statements | Ability to Repay (Dodd-Frank 2014): Unable to verity Bank Statement income due to, bank statement provided was dated more than 90 days prior to closing, third party verification provided did not contain document date, other verification was not provided from a reliable third party income source. (XXXX,XXXX XXXXs, Inc./Bank Statements) | Business Entity summary provided for both borrower's business are not dated. Borrower #2's business does not have any other verification of existence within 120 calendar days. |  |  |  | Reviewer Comment (XXXX-11-14): Proof of document date provided in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948560 | 200208910-33058 | 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.) | XXXX due to Business Entity summaries are not dated. |  |  |  | Reviewer Comment (XXXX-11-14): Proof of document date provided in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948561 | 200208910-4204 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | XXXX due to Business Entity summaries are not dated and settlement statement from sale of departing residence is not executed. |  |  |  | Reviewer Comment (XXXX-11-14): Proof of document date provided in trailing docs. | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948562 | 200208910-22680 | XXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) | Oklahoma Higher-Priced Mortgage Loan: APR on subject loan of 7.69630% or Final Disclosure APR of 7.75800% is equal to or greater than the threshold of APOR 6.16% + 1.5%, or 7.66000%. Compliant Higher Priced Loan. | APR on subject loan of 7.69630% or Final Disclosure APR of 7.75800% is equal to or greater than the threshold of APOR 6.16% + 1.5%, or 7.66000%. Compliant Higher Priced Loan. |  |  |  | Reviewer Comment (XXXX-11-14): Client accepts EV2 and Waives.<br>Seller Comment (XXXX-11-13): (Rate Lock) EV2 accept please waive | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | No obvious cure C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | 34948568 | 200208910-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | XXXX due to Business Entity summaries are not dated and settlement statement from sale of departing residence is not executed. |  |  |  | Reviewer Comment (XXXX-11-14): Proof of document date provided in trailing docs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118060 | XXXX | 34937056 | 200208912-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Agricultural Zoned Property are ineligble. | 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. | 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. | XXXX | Reviewer Comment (XXXX-11-07): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118060 | XXXX | 34939412 | 200208912-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The comparables are a considerable distance from the subjects and there are large adjustments. | 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. | 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. | XXXX | Reviewer Comment (XXXX-11-07): PSA notes there are ditch rights, and a water stock and well sharing agreement is noted in the appraisal & PSA. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118060 | XXXX | 34939426 | 200208912-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Property has ditch rights, a water stock and well sharing agreement is noted in the appraisal. | 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. | 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. | XXXX | Reviewer Comment (XXXX-11-07): PSA notes there are ditch rights, and a water stock and well sharing agreement is noted in the appraisal & PSA. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | 35005826 | 200208921-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The condo questionnaire shows XXXX of the XXXX units are investor units resulting in a 69.2% investor concentration which exceeds the 60% max. | 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: XXXX<br> Guideline Requirement: 9.00<br>Combined Loan to Value: 46.32479%<br> Guideline Maximum Combined Loan to Value: 75.00000%<br>Loan to Value: 46.32479%<br> Guideline Maximum Loan to Value: 75.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 700 | XXXX | Reviewer Comment (XXXX-11-18): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118081 | XXXX | 35008353 | 200208934-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The appraisal utilizes comp sale 4 with a +26.8% net / 32.8% gross adjustment. | 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. | Guidelines Representative FICO: 660<br> Representative FICO: 793 | XXXX | Reviewer Comment (XXXX-11-19): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118083 | XXXX | 34954934 | 200208942-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The appraisal utilizes comparable with excessive adjustments and distance from the subject. | 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: XXXX<br> Guideline Requirement: 9.00<br>Borrower's Own Funds Percent: 60.77%<br> Borrower's Own Funds Amount: $349,445.81<br>Guidelines Representative FICO: 660<br> Representative FICO: 798 | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception provided with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118100 | XXXX | 34945955 | 200208943-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Zoning is legal non conforming. The appraiser provided commentary on legal non-conforming zoning on page 6, The subject can be rebuilt if destroyed with a variance which is typically granted by borrower. There is no effect on value or marketability. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Miscellaneous | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Legal non-conforming is due to property having XXXX sqft lot size where the minimum is XXXX sqft for the zoning. Max lot coverage is 50% which should have minimal impact on reconstruction variance. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117968 | XXXX | 34949710 | 200208945-23895 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) (Interim/XXXX) | Revised Loan Estimate dated XXXX was provided on the date the Closing Disclosure was provided. |  |  |  | Reviewer Comment (XXXX-11-21): XXXXXXXX received lender attestation confirming LE was not sent to borrower that was dated XXXX and provided proof of disclosure history within system that also confirms no LE sent on XXXX<br>Reviewer Comment (XXXX-11-21): XXXXXXXX received rebuttal comment. However, XXXX LE and XXXX CD both sent on same day and LE received without receipt and the CD received on XXXX, the relationship between revised Loan Estimates and Closing Disclosures. The creditor shall not provide a revised version of the disclosures required under paragraph (e)(1)(i) of this section on or after the date on which the creditor provides the disclosures required under paragraph (f)(1)(i) of this section. While the rule and commentary in § 1026.19(e)(4)(ii) leave some room for interpretation as to what constitutes "provided", the final rule addresses the reasoning behind the requirement which is to prevent creditors from providing consumers with both estimates (LE) and actual costs (CD) at the same time; the consumer must receive the revised LE no later than 4 business days prior to consummation and the consumer must receive the CD no later than 3 business days prior to consummation.<br>Reviewer Comment (XXXX-11-18): Final LE and initial CD were signed on the same day. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | No Defined Cure A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117886 | XXXX | 35001095 | 200208952-27012 | 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. |  | 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: XXXX<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 72.73%<br> Borrower's Own Funds Amount: $XXXX<br>Guidelines Representative FICO: 660<br> Representative FICO: 809 | XXXX | Reviewer Comment (XXXX-11-18): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117930 | XXXX | 35023700 | 200208976-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The subject property is a log home which is an ineligible property type. | Borrower has verified disposable income of at least XXXX.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 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. | DTI: 25.66793% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 741 | XXXX | Reviewer Comment (XXXX-11-20): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117930 | XXXX | 35023708 | 200208976-7038 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XXXX) | File is missing initial closing disclosure sent to borrower on XXXX as per disclosure summary. |  |  |  | Reviewer Comment (XXXX-11-28): XXXXXXXX received initial CD. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | No Defined Cure B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117930 | XXXX | 35023709 | 200208976-34957 | 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 | Lender credits decreased from $XXXX to $XXXX. Changed circumstances dated XXXX shows lender credit decreased due to change in loan program, but file is missing initial closing disclosure sent to borrower on XXXX as per disclosure summary. |  |  |  | Reviewer Comment (XXXX-11-28): XXXXXXXX received a valid COC. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | 35023367 | 200208980-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Property zoning description states Manufactured Home. Property is Modular/permanent. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-11-19): Lender Exception with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117985 | XXXX | 34974198 | 200208981-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The insurance has deductible of XXXX. There are XXXX buildings in the project ($XXXX). The total insured value of the project is $XXXX. 10% deductible on the property coverage would be $XXXX | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 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 verified disposable income of at least XXXX.00.<br>Borrower has worked in the same position for more than 3 years.<br>Reserves: 14.47<br> Guideline Requirement: 6.00<br>Combined Loan to Value: 61.83333%<br> Guideline Maximum Combined Loan to Value: 80.00000%<br>Loan to Value: 61.83333%<br> Guideline Maximum Loan to Value: 80.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 734 | XXXX | Reviewer Comment (XXXX-11-13): Lender Exception provided with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Refinance - Rate/Term | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117961 | XXXX | 34966981 | 200208982-6542 | 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 was last disclosed as XXXX on LE but disclosed as $XXXX on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $XXXX, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (XXXX-11-18): 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-11-17): (Rate Lock) cure was applied at close | XXXX | 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 | 4350117961 | XXXX | 34974088 | 200208982-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Use of IRA funds when borrower is not XXXX and to use life insurance surrender value. | 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 verified disposable income of at least XXXX.00. | DTI: 31.96733% <br> Guideline Maximum DTI: 50.00000%<br>Reserves: 256.78<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 813<br>Documentation Type: Asset Depletion<br> Disposable Income: $XXXX | XXXX | Reviewer Comment (XXXX-11-13): Lender Exception provided with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117961 | XXXX | 35021580 | 200208982-6583 | 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-11-19): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117957 | XXXX | 34930083 | 200222007-4433 | 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 incorrectly disclosed on page 4 whether the loan will have an escrow account. |  |  |  | Reviewer Comment (XXXX-11-14): XXXXXXXX received Letter of explanation and Corrected Closing disclosure.<br>Seller Comment (XXXX-11-13): (Rate Lock) PCCD provided | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350117841 | XXXX | 35033604 | 200222008-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception provided for DSCR .75 | 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>Seasoned Borrower/Investor whose experience exceeds XXXX projects.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660<br> Representative FICO: 794 | XXXX | Reviewer Comment (XXXX-11-20): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117953 | XXXX | 34962482 | 200222009-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Subject is a unique property, featuring a private XXXX and direct access to an XXXX. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.00.<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 30.29139% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 798 | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception provided with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117953 | XXXX | 34962509 | 200222009-4245 | 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 max of 80% for a rural property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.00.<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 30.29139% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 798 | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception provided with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117953 | XXXX | 34962510 | 200222009-4246 | 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 max of 80% for a rural property. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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 verified disposable income of at least XXXX.00.<br>Borrower has worked in the same position for more than 3 years.<br>DTI: 30.29139% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 798 | XXXX | Reviewer Comment (XXXX-11-12): Lender Exception provided with Compensating Factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118120 | XXXX | 34985593 | 200222019-32065 | XXXX | Credit | Title | Document Error | Title | The 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. |  |  |  |  |  | Reviewer Comment (XXXX-11-20): Title commitment was provided.<br>Seller Comment (XXXX-11-20): attached | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | 35004063 | 200222020-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | 1099 income is declining approximately 9% YTD and not increasing 10%. | Borrower has verified disposable income of at least XXXX.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 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. | Documentation Type: 1yr 1099<br> Disposable Income: $XXXX<br>Reserves: 71.85<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 73.40%<br> Borrower's Own Funds Amount: $XXXX<br>DTI: 22.05811% <br> Guideline Maximum DTI: 55.00000%<br>Guidelines Representative FICO: 660<br> Representative FICO: 774 | XXXX | Reviewer Comment (XXXX-11-18): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A | N/A | N/A | No |
| XXXX | XXXX | XXXX | 4350117869 | XXXX | 34938380 | 200222023-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception for a transferred appraisal. | 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>Seasoned Borrower/Investor whose experience exceeds XXXX projects.<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>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Seasoned Borrower/Investor whose experience exceeds XXXX projects.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117837 | XXXX | 35103591 | 200222040-27012 | 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. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.85 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>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Miscellaneous | Reserves: 78.94<br> Guideline Requirement: 6.00<br>Guidelines Representative FICO: 660<br> Representative FICO: 812<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-11-26): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117837 | XXXX | 35107408 | 200222040-4245 | 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%. | Lender approved an exception for 80% LTV. | 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: 78.94<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 72.73%<br> Borrower's Own Funds Amount: $XXXX<br>Guidelines Representative FICO: 660<br> Representative FICO: 812<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-11-26): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117837 | XXXX | 35107409 | 200222040-4246 | 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%. | Lender approved an exception for 80% LTV. | 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: 78.94<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 72.73%<br> Borrower's Own Funds Amount: $XXXX<br>Guidelines Representative FICO: 660<br> Representative FICO: 812<br>Housing payment history is 0x30x24 or better | XXXX | Reviewer Comment (XXXX-11-26): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117867 | XXXX | 34952519 | 200222041-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception allowing to use appraisal completed for another lender. Appraisal completed for subject loan shows a lower value. | 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'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-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117867 | XXXX | 34969955 | 200222041-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Subject is a vacant property at 75% LTV. | 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'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-11-12): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117854 | XXXX | 34946621 | 200222042-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Transferred appraisal completed for another lender used for value. | 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'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-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117868 | XXXX | 34934870 | 200222043-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender used transferred appraisal completed for another lender. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Seasoned Borrower/Investor whose experience exceeds XXXX projects.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Seasoned Borrower/Investor whose experience exceeds XXXX completed projects. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117868 | XXXX | 34957000 | 200222043-4245 | 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%. | Maximum LTV for a rural property is 70%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Seasoned Borrower/Investor whose experience exceeds XXXX completed projects.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Seasoned Borrower/Investor whose experience exceeds XXXX projects. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117868 | XXXX | 34957001 | 200222043-4246 | 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%. | Maximum CLTV for a rural property is 70%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Seasoned Borrower/Investor whose experience exceeds XXXX projects.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Seasoned Borrower/Investor whose experience exceeds XXXX projects. | XXXX | Reviewer Comment (XXXX-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117878 | XXXX | 34934281 | 200222044-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception to use transferred appraisal completed for another lender. Appraisal completed for subject loan show a lower value and opinion of market value. | 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'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-11-11): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117871 | XXXX | 35014364 | 200222048-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | EMD and Cash to close funds sent to title company from foreign business account 100% owned by borrower. and reserve funds not meeting 30 days seasoning requirement. | 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: 660<br> Representative FICO: 720 | XXXX | Reviewer Comment (XXXX-11-20): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117832 | XXXX | 35093556 | 200222049-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Condo projects roofing being covered at Actual Cash Value. | 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: 660<br> Representative FICO: 737 | XXXX | Reviewer Comment (XXXX-11-25): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118005 | XXXX | 35010529 | 200222054-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower has XXXX overdrafts on bank statements used to qualify. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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>Documentation Type: 12mo Bank Statement<br> Disposable Income: $XXXX<br>Borrower has worked in the same position for more than 3 years.<br>Borrower's Own Funds Percent: 17.21%<br> Borrower's Own Funds Amount: $XXXX<br>DTI: 31.90096% <br> Guideline Maximum DTI: 45.00000%<br>Guidelines Representative FICO: 700<br> Representative FICO: 806 | XXXX | Reviewer Comment (XXXX-11-19): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118005 | XXXX | 35010708 | 200222054-30168 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure – Corrected Closing Disclosure provided on or after 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 | Closing Disclosure 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-11-21): XXXXXXXX received proof of receipt.<br>Seller Comment (XXXX-11-21): (Rate Lock) APR 10/28 = 7.411<br> APR XXXX = 8.498<br> APR XXXX 9.497<br>CIC shows APR was disclosed 11/6 and re-disclosed on the CIC that was viewed by the borrower. Closing was XXXX therefore this is compliant. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | TRID timing exception, no remediation available. C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350117853 | XXXX | 35027415 | 200222087-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Property is a modular home which per guides is ineligible. | 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. | Guidelines Representative FICO: 660<br> Representative FICO: 777 | XXXX | Reviewer Comment (XXXX-11-20): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117851 | XXXX | 35027259 | 200222101-578 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Birth Date was not provided | Borrower: XXXX XXXX | Birth Date is not required for authorized signor. |  |  |  | Reviewer Comment (XXXX-12-03): Updated to Waived - Client elected to waive EV2 exception.<br>Reviewer Comment (XXXX-11-24): Client accepts EV2 Grade and elects to Waive.<br>Seller Comment (XXXX-11-23): (Rate Lock) Lender accepts Ev2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | 35015239 | 200222125-27012 | 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 0.96 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Lender approved exception to allow 0.98 DSCR. | 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>Borrower's Experience/Track Record | Reserves: 44.31<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 49.36%<br> Borrower's Own Funds Amount: $XXXX<br>Borrower has 2 years experience as an investor, borrower has been in the same industry for more than 3 years. | XXXX | Reviewer Comment (XXXX-11-21): CF Update.<br>Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | 35015240 | 200222125-4245 | 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 75% LTV instead of guidelines minimum of 70% for STR. | 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>Borrower's Experience/Track Record | Reserves: 44.31<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 49.36%<br> Borrower's Own Funds Amount: $XXXX<br>Borrower has 2 years experience as an investor, borrower has been in the same industry for more than 3 years. | XXXX | Reviewer Comment (XXXX-11-21): CF Update.<br>Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | 35015288 | 200222125-4259 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Property type discrepancy. | Appraisal property type of PUD does not match Guideline property type of PUD. | Lender approved exception to allow Rural currently being used as a short-term rental. | 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>Borrower's Experience/Track Record | Reserves: 44.31<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 49.36%<br> Borrower's Own Funds Amount: $XXXX<br>Borrower has 2 years experience as an investor, borrower has been in the same industry for more than 3 years. | XXXX | Reviewer Comment (XXXX-11-21): CF Update.<br>Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | 35017362 | 200222125-4246 | 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 75% LTV instead of guidelines minimum of 70% for STR. | 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>Borrower's Experience/Track Record | Reserves: 44.31<br> Guideline Requirement: 6.00<br>Borrower's Own Funds Percent: 49.36%<br> Borrower's Own Funds Amount: $XXXX<br>Borrower has 2 years experience as an investor, borrower has been in the same industry for more than 3 years. | XXXX | Reviewer Comment (XXXX-11-21): CF Update.<br>Reviewer Comment (XXXX-11-20): Lender Exception with Compensating Factors provided. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | 35055661 | 200222125-2904 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided |  |  |  |  |  | Reviewer Comment (XXXX-11-25): GA provided. | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350117842 | XXXX | 35071937 | 200222354-3831 | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception provided DSCR < 1. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Seasoned Borrower/Investor whose experience exceeds XXXX projects.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660<br> Representative FICO: 764 | XXXX | Reviewer Comment (XXXX-11-25): Client elected to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118126 | XXXX | 35095058 | 90559-23385 | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | Valuation Type: Desk Review / Valuation Report Date: XXXX | CDA reflecting incorrect city name as "XXXX ". Required revised CDA to reflect correct city name as "XXXX" |  |  |  | Reviewer Comment (XXXX-09-30): Noted CDA report with correct city name. exception cleared.<br>Buyer Comment (XXXX-09-29): updated CDA | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118126 | XXXX | 35095059 | 90559-2919 | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | Clarified documentation detailing the DSCR calculation must be provided. |  |  |  | Reviewer Comment (XXXX-10-01): Updated calc provided.<br>Buyer Comment (XXXX-09-30): Updated<br>Reviewer Comment (XXXX-09-29): Received DSCR Calculation worksheet however PITIA Is incorrect .Per Qualified PITIA is $XXXX whereas Calculation shows $XXXX38. Variance is more than $XXXX monthly/ Exception Remains<br>Buyer Comment (XXXX-09-26): LOX | XXXX | XXXX | XXXX | 1 C A D | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118126 | XXXX | 35095060 | 90559-39544 | XXXX | Compliance | Compliance | State Compliance | State Defect | XXXX Prepayment Penalty Test | XXXX Prepayment Penalty: No prepayment penalties are permissible in the state of XXXX. Prepay language states prepay will not exceed maximum permitted by applicable law. | XXXX: restricted to corporations only. |  |  |  | Buyer Comment (XXXX-09-25): Acknowledged non-material | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | D B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118124 | XXXX | 35095061 | 91399-2908 | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided |  | 1008 reflects Exception for Condo pending lawsuit and investor concentration was approved. However supporting document or approval missing. 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. | 83 vs 3 | XXXX | Reviewer Comment (XXXX-09-25): Investor accepts and agrees to waive with compensating factors.<br>Buyer Comment (XXXX-09-25): Investor approval | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118124 | XXXX | 35095062 | 91399-31591 | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Project approval provided is neither XXXX XXXX approved or Certified by the lender. Provide XXXX XXXX approved project approval or Lender certified with Condo Warranty. | 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. | 83 vs 3 | XXXX | Reviewer Comment (XXXX-09-25): Investor accepts and agrees to waive with compensating factors.<br>Buyer Comment (XXXX-09-25): Investor approval | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118132 | XXXX | 35095065 | 88576-36473 | XXXX | Credit | Guideline | Guideline Issue | Guideline | "Other" housing history reflects lates that do not meet guidelines. |  | Provide updated mortgage histories of the primary residence for the following mortgage loans reflecting on credit report, XXXX. Payment history must reflect 0 X 30 in the most recent 12 months. |  |  |  | Reviewer Comment (XXXX-09-12): Received Credit supplement with XXXX for XXXX Months. Exception Cleared<br>Buyer Comment (XXXX-09-11): credit supp<br>Reviewer Comment (XXXX-08-22): Provide a credit supplement showing 12 months have been reviewed.<br>Buyer Comment (XXXX-08-20): UW lox mortgage history | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118132 | XXXX | 35095066 | 88576-27172 | XXXX | Credit | Guideline | General | Guideline | DSCR does not meet guideline requirements. |  | The Trust information is incomplete on the security instrument. |  |  |  | Reviewer Comment (XXXX-10-02): The SI provided has been recorded. Cleared.<br>Buyer Comment (XXXX-10-01): Per seller - Please have them provide a valid reason as to why this is needed ? A Correct Mortgage was re-signed and recorded - I don't see the need for a Scriveners ? had a new mortgage not been done then yes would have done the AFF BUT the new one was done so NO Need for the aff The TITLE CO opted for a corrected Mortgage versus a Affidavit - which is perfectly fine to do so.<br>Reviewer Comment (XXXX-09-30): Noted Security Instrument however Scrivener's affidavit still not provided. exception remains.<br>Buyer Comment (XXXX-09-29): security instrument<br>Reviewer Comment (XXXX-09-26): Note provided. Provide an updated Security Instrument and Scrivener's affidavit.<br>Buyer Comment (XXXX-09-26): Note XXXX tracking<br>Buyer Comment (XXXX-09-26): Note<br>Reviewer Comment (XXXX-08-28): Revised note under XXXX (verbiage) looks good. Security instrument would use same verbiage minus the word "individually"<br>Buyer Comment (XXXX-08-26): please review the attached UNSIGNED NOTE - please advise if the verbiage under the signature line is acceptable? ALSO please advise as to how you want the signature lines on the Deed (Mortgage)to read ? we need to get a new note signed and a Scriveners Aff but I need to receive info back from you before we can do those - thank you<br>Reviewer Comment (XXXX-08-22): XXXX is not required to sign the note.<br>Buyer Comment (XXXX-08-20): Inquiry from seller - please advise why you are wanting XXXX on the NOTE ? she is not a orrower<br>Reviewer Comment (XXXX-08-20): Please provide a Scrivener's affidavit.<br>Buyer Comment (XXXX-08-19): per seller: Also, we see that the TRUST info is incomplete on the Mortgage and we il take action to remedy that - will you accept an Affidavit of Mortgage amendment or does it need to be a Scriveners affidavit ? please advise<br>Buyer Comment (XXXX-08-19): per seller: please advise why you are wanting XXXX on the NOTE ? she is not a Borrower | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118132 | XXXX | 35095067 | 88576-4245 | 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%. | Property is in Declining market value, reduce LTV ....80%-10% = 70% as per Guideline's requirement. | 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-09-23): Investor exception provided.<br>Reviewer Comment (XXXX-09-23): moving to LS<br>Buyer Comment (XXXX-09-22): loan will be moving to XXXX<br>Buyer Comment (XXXX-09-22): investor exception approval<br>Buyer Comment (XXXX-09-19): lox<br>Buyer Comment (XXXX-09-19): settlement statement "XXXX<br>Reviewer Comment (XXXX-08-22): The appraisal says the market is declining. A CDA or field review will not override the appraisal.<br>Buyer Comment (XXXX-08-22): per seller: PLEASE ADVISE - will a field review or CDA help on this ? | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118125 | XXXX | 35095069 | 91284-5798 | 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. |  | Business Purpose Certificate is missing in file. |  |  |  | Reviewer Comment (XXXX-10-17): Received signed and notarized Business purpose Certificate. Exception Cleared<br>Buyer Comment (XXXX-10-16): business purpose affidavit | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118125 | XXXX | 35095070 | 91284-25700 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Experience level does not meet the guideline requirements for an experienced investor. |  | Missing: The DSCR program is designed for experienced real estate investors who are seeking to purchase or refinance non-owner occupied investment properties held for business purposes. An experienced real estate investor must have a minimum of 12 months ownership and management of income producing residential or commercial real estate within the past 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. |  | XXXX | Reviewer Comment (XXXX-10-20): Investor exception provided.<br>Buyer Comment (XXXX-10-16): please see the attached exception approval from XXXX for first time investor<br>Buyer Comment (XXXX-10-15): Approved exception | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118127 | XXXX | 35095072 | 92055-23383 | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. |  | As per note document the subject property address is XXXX, however as per flood certificate address is reflecting as XXXX. |  |  |  | Reviewer Comment (XXXX-10-23): Updated cert provided.<br>Buyer Comment (XXXX-10-22): Flood Cert attached reflecting: XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118127 | XXXX | 35095073 | 92055-7897 | 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. |  | Per guidelines, Rent loss insurance covering a minimum of 6 months is required for the subject property and it was not provided. | 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. | The DSCR of 1.69 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-10-29): Email correspondence with regards to rent loss received from insurance company. Exception cleared.<br>Buyer Comment (XXXX-10-28): Insurance - 6 mo rent loss coverage email attached. Confirmed $XXXX in rent loss/policy XXXX-4 | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118127 | XXXX | 35095074 | 92055-26448 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Refinance transaction without a Lease In Place, or the Lease in place is a Month-to-Month agreement only qualifies for the No Minimum DSCR program. |  | LENDER EXCEPTION provided to allow month-to-month leases for all four units. Compensating factors: owned and managed property for over 3 years and landlord experience since XXXX and Excellent credit profile. Review and advise for acceptability. | 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-10-23): Investor exception provided.<br>Buyer Comment (XXXX-10-21): Exception | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118127 | XXXX | 35095078 | 92055-26676 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Loan product type is ineligible per guidelines. | Product: Fixed Rate; Amortization Term: 360 | Property zoned Business. Lender Exception required. Received - | 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. | The DSCR of 1.69 is greater than the minimum required DSCR of 1.00. | XXXX | Reviewer Comment (XXXX-10-23): Investor accepts and agrees to waive with compensating factors. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Cash-out - Other | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118134 | XXXX | 35095080 | 90503-5382 | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided |  | Closing Protection Letter is required. |  |  |  | Reviewer Comment (XXXX-10-28): Noted CPL. Exception cleared<br>Buyer Comment (XXXX-10-27): cpl | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118134 | XXXX | 35095082 | 90503-31591 | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: XXXX | Lender exception in file XXXX - Non Warrantable condo, investor Concentration 63% Per guides, Maximum investor concentration is 60%. Condo project meets all other requirements in guideline section 12.1. Confirm 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 representative FICO score exceeds the guideline minimum by at least 40 points. |  | XXXX | Reviewer Comment (XXXX-10-29): Investor exception provided.<br>Buyer Comment (XXXX-10-27): exception approval | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118134 | XXXX | 35095083 | 90503-30783 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. |  | Missing evidence mtg XXXX paid within 45 days of credit report date. |  |  |  | Reviewer Comment (XXXX-10-28): Noted Credit supplement. exception cleared.<br>Buyer Comment (XXXX-10-27): credit supplement | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Purchase | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118128 | XXXX | 35095086 | 91474-7897 | 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 rent loss insurance for 6 months require per guide |  |  |  | Reviewer Comment (XXXX-10-27): Rent loss is only for the XXXX XXXX product.<br>Buyer Comment (XXXX-10-23): Lender's response: Section/Chapter 5 is only applicable for the XXXX product. This loan is originated under the XXXX (1-4) which follows guides under Chapter 4 for Standard Non-QM<br>Reviewer Comment (XXXX-10-21): As per guide Section 5.15.3 reflects Rent Loss Insurance for 6 months is required, Exception remains.<br>Buyer Comment (XXXX-10-20): Lender's response: This program closed as Investor XXXX (1-4) which does not require Rent loss insurance (only required on XXXX XXXX programs. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118128 | XXXX | 35095087 | 91474-26651 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Ineligible borrower per guidelines. |  | XXXX XXXX is 100% owner/member of entity but XXXX XXXX executed BPC and Promissory Note and Settlement Statement. UNable to ascertain if guides allow. 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. | 7 vs 3 | XXXX | Reviewer Comment (XXXX-10-29): Investor accepts and agrees t waive with compensating factors.<br>Reviewer Comment (XXXX-10-27): Waiting for the direction to flip loan.<br>Buyer Comment (XXXX-10-23): loan will be moving to XXXX<br>Buyer Comment (XXXX-10-23): investor exception approval<br>Reviewer Comment (XXXX-10-14): Provide investor approval.<br>Buyer Comment (XXXX-10-08): The borrower was out of the country at the time of the closing. He executed a Corporate Resolution (attached) granting temporary signing authority to XXXX XXXX specifically for the closings of the 2 files. The resolution and LLC docs were reviewed by XXXX and approved for the transactions. | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Investment | Refinance - Rate/Term | C B A |  | N/A | No |
| XXXX | XXXX | XXXX | 4350118136 | XXXX | 35095094 | 86088-6542 | 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 Title - Courier / Express Mail / Messenger Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Sufficient cure provided at closing, this exception will be cleared once other tolerance exceptions are resolved. |  |  |  | Reviewer Comment (XXXX-10-13): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-09): Please re-check tracking<br>Reviewer Comment (XXXX-10-03): XXXXXXXX received Post CD,LOX,Copy of refund check and proof of mailing. XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-01): LOE, PCCD, Refund check and shipping label | XXXX | XXXX | 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 | 4350118136 | XXXX | 35095095 | 86088-6542 | 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. Insufficient or no cure was provided to the borrower. XXXX | Sufficient cure provided at closing, this exception will be cleared once other tolerance exceptions are resolved. |  |  |  | Reviewer Comment (XXXX-10-13): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-09): Please re-check tracking<br>Reviewer Comment (XXXX-10-03): XXXXXXXX received Post CD,LOX,Copy of refund check and proof of mailing. XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-01): Please see uploaded cure docs | XXXX | XXXX | 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 | 4350118136 | XXXX | 35095096 | 86088-6542 | 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 Title - Policy Guarantee Fee. Fee Amount of $XXXX exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Sufficient cure provided at closing, this exception will be cleared once other tolerance exceptions are resolved. Additional charges in aggregate listed on initial LE but breakdown not provided. |  |  |  | Reviewer Comment (XXXX-10-13): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-09): Please re-check tracking<br>Reviewer Comment (XXXX-10-03): XXXXXXXX received Post CD,LOX,Copy of refund check and proof of mailing. XXXX indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-01): Please see uploaded cure docs | XXXX | XXXX | 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 | 4350118136 | XXXX | 35095097 | 86088-6542 | 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 Title - Settlement / Closing / Escrow Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Title - Settlement / Closing / Escrow was disclosed as XXXX on Initial LE and $XXXX on Final CD. File does not contain a valid COC nor a cure for this fee. Additional charges in aggregate listed on initial LE but breakdown not provided. |  |  |  | Reviewer Comment (XXXX-10-13): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-09): Please re-check tracking<br>Reviewer Comment (XXXX-10-03): XXXXXXXX received Post CD,LOX,Copy of refund check and proof of mailing. XXXX indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-01): Please see uploaded cure docs | XXXX | XXXX | 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 | 4350118136 | XXXX | 35095098 | 86088-6542 | 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 Title - Endorsement Fee. Fee Amount of $XXXX exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Title - Endorsement Fee was disclosed as XXXX on Initial LE and $XXXX on Final CD. File does not contain a valid COC nor a cure for this fee. Additional charges in aggregate listed on initial LE but breakdown not provided. |  |  |  | Reviewer Comment (XXXX-10-13): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-09): Please re-check tracking<br>Reviewer Comment (XXXX-10-03): XXXXXXXX received Post CD,LOX,Copy of refund check and proof of mailing. XXXX indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-01): Please see uploaded cure docs | XXXX | XXXX | 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 | 4350118136 | XXXX | 35095099 | 86088-6542 | 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 Title - Lender's Title Insurance. Fee Amount of $XXXX exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Title - Lender's Title Insurance Fee was disclosed as XXXX on Initial LE and $XXXX on Final CD. File does not contain a valid COC nor a cure for this fee. Additional charges in aggregate listed on initial LE but breakdown not provided. |  |  |  | Reviewer Comment (XXXX-10-13): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-09): Please re-check tracking<br>Reviewer Comment (XXXX-10-03): XXXXXXXX received Post CD,LOX,Copy of refund check and proof of mailing. XXXX indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-01): Please see uploaded cure docs | XXXX | XXXX | 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 | 4350118139 | XXXX | 35095103 | 90957-6542 | 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.00 exceeds tolerance of XXXX.00. Insufficient or no cure was provided to the borrower. XXXX | Appraisal Fee was disclosed as XXXX on Initial LE and XXXX on Final CD. No valid COC nor evidence of cure provided. |  |  |  | Reviewer Comment (XXXX-10-17): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-16): Please re-check - tracking # XXXX updated XXXX5 at 7:40 pm.<br>Reviewer Comment (XXXX-10-15): XXXXXXXX received LOE, proof of mailing and copy of refund check. XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-14): Please see uploaded LOE, refund check and shipping label<br>Reviewer Comment (XXXX-10-09): XXXXXXXX Received PCCD shows lender cure of $XXXX is sufficient to cure all Zero and 10% tolerance exceptions. Provide Copy of Check, Proof of Mailing and LOE.<br>Buyer Comment (XXXX-10-08): Please see uploaded PCCD - Lender would like to know if the cure reflected in section J will be sufficient to cure all tolerance exceptions. Please advise, thank you.<br>Reviewer Comment (XXXX-09-29): XXXXXXXX received Post CD with lender cure of $XXXX.However, we would also require Copy of refund check, LOX and proof of mailing in order to cure the exception.<br>Buyer Comment (XXXX-09-26): PCCD<br>Buyer Comment (XXXX-09-26): LOX | XXXX | XXXX | 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 | 4350118139 | XXXX | 35095104 | 90957-6542 | 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 Title - Abstract / Title Search. Fee Amount of $XXXX exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Title-Abstract/Title Search Fee was disclosed as XXXX on Initial LE and $XXXX on Final CD. No valid COC nor evidence of cure provided. Initial & Revised LE reflects additional charges in the amount $XXXX Missing additional charges pages, |  |  |  | Reviewer Comment (XXXX-10-17): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-16): Please re-check - tracking # XXXX updated XXXX5 at 7:40 pm.<br>Reviewer Comment (XXXX-10-15): XXXXXXXX received LOE, proof of mailing and copy of refund check. XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-14): Please see uploaded LOE, refund check and shipping label<br>Reviewer Comment (XXXX-10-09): XXXXXXXX Received PCCD shows lender cure of $XXXX is sufficient to cure all Zero and 10% tolerance exceptions. Provide Copy of Check, Proof of Mailing and LOE.<br>Buyer Comment (XXXX-10-08): Please see uploaded PCCD - Lender would like to know if the cure reflected in section J will be sufficient to cure all tolerance exceptions. Please advise, thank you.<br>Reviewer Comment (XXXX-09-29): XXXXXXXX received LOX. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title- Abstract/Title Search fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.<br>Buyer Comment (XXXX-09-26): Please see uploaded LOX | XXXX | XXXX | 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 | 4350118139 | XXXX | 35095105 | 90957-6542 | 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 Title - Survey Fee. Fee Amount of XXXX.00 exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Title-Survey Fee was disclosed as XXXX on Initial LE and XXXX on Final CD. No valid COC nor evidence of cure provided. Initial & Revised LE reflects additional charges in the amount $XXXX. Missing additional charges pages, |  |  |  | Reviewer Comment (XXXX-10-17): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-16): Please re-check - tracking # XXXX updated XXXX5 at 7:40 pm.<br>Reviewer Comment (XXXX-10-15): XXXXXXXX received LOE, proof of mailing and copy of refund check. XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-14): Please see uploaded LOE, refund check and shipping label<br>Reviewer Comment (XXXX-10-09): XXXXXXXX Received PCCD shows lender cure of $XXXX is sufficient to cure all Zero and 10% tolerance exceptions. Provide Copy of Check, Proof of Mailing and LOE.<br>Buyer Comment (XXXX-10-08): PCCD - PCCD CAN YOU PLEASE ADVIE IF THIS WILL CLEAR ALL THE CONDTIONS LISTED ON THIS FILE<br>Reviewer Comment (XXXX-09-29): XXXXXXXX received LOX. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title- Survey fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.<br>Buyer Comment (XXXX-09-26): Please see uploaded LOX | XXXX | XXXX | 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 | 4350118139 | XXXX | 35095106 | 90957-6542 | 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 Title - Endorsement Fee. Fee Amount of XXXX exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Title-Endorsement Fee was disclosed as XXXX on Initial LE and $XXXX on Final CD. No valid COC nor evidence of cure provided. Initial & Revised LE reflects additional charges in the amount $XXXX. Missing additional charges pages, |  |  |  | Reviewer Comment (XXXX-09-29): XXXXXXXX received LOX for the itemization amount on LE.<br>Buyer Comment (XXXX-09-26): Please see uploaded LOX | XXXX | 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 | 4350118139 | XXXX | 35095107 | 90957-6543 | 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. Insufficient or no cure was provided to the borrower. (0) | 10% tolerance was exceeded by $XXXX due to increase of Recording fee. No valid COC provided, nor evidence of cure in file. Missing additional charges pages, |  |  |  | Reviewer Comment (XXXX-10-17): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-16): Please re-check - tracking # XXXX updated XXXX5 at 7:40 pm.<br>Reviewer Comment (XXXX-10-15): XXXXXXXX received LOE, proof of mailing and copy of refund check. XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-14): Please see uploaded LOE, refund check and shipping label<br>Reviewer Comment (XXXX-10-09): XXXXXXXX Received PCCD shows lender cure of $XXXX is sufficient to cure all Zero and 10% tolerance exceptions. Provide Copy of Check, Proof of Mailing and LOE.<br>Buyer Comment (XXXX-10-08): Please see uploaded PCCD - Lender would like to know if the cure reflected in section J will be sufficient to cure all tolerance exceptions. Please advise, thank you.<br>Reviewer Comment (XXXX-09-29): XXXXXXXX received Post CD with lender cure of $XXXX.However, we would also require Copy of refund check, LOX and proof of mailing in order to cure the exception.<br>Buyer Comment (XXXX-09-26): Please see uploaded LOX | XXXX | XXXX | 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 | 4350118139 | XXXX | 35095108 | 90957-6542 | 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 Title - Settlement / Closing / Escrow Fee. Fee Amount of $XXXX exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Title-Settlement/Closing/Escrow Fee was disclosed as XXXX on Initial LE and $XXXX on Final CD. No valid COC nor evidence of cure provided. Missing additional charges pages, |  |  |  | Reviewer Comment (XXXX-09-29): XXXXXXXX received LOX for the itemization amount on LE.<br>Buyer Comment (XXXX-09-26): Please see uploaded LOX | XXXX | 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 | 4350118139 | XXXX | 35095109 | 90957-6542 | 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 Title - Courier / Express Mail / Messenger Fee. Fee Amount of XXXX exceeds tolerance of XXXX.00. Insufficient or no cure was provided to the borrower. XXXX | Title - Courier/Express Mail/Messenger Fee was disclosed as XXXX on Initial LE and $XXXX on Final CD. No valid COC provided, nor evidence of cure in file. Missing additional charges pages, |  |  |  | Reviewer Comment (XXXX-10-17): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-16): Please re-check - tracking # XXXX updated XXXX5 at 7:40 pm.<br>Reviewer Comment (XXXX-10-15): XXXXXXXX received LOE, proof of mailing and copy of refund check. XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-14): Please see uploaded LOE, refund check and shipping label<br>Reviewer Comment (XXXX-10-09): XXXXXXXX Received PCCD shows lender cure of $XXXX is sufficient to cure all Zero and 10% tolerance exceptions. Provide Copy of Check, Proof of Mailing and LOE.<br>Buyer Comment (XXXX-10-08): Please see uploaded PCCD - Lender would like to know if the cure reflected in section J will be sufficient to cure all tolerance exceptions. Please advise, thank you.<br>Reviewer Comment (XXXX-09-29): XXXXXXXX received LOX. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title- Courier fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.<br>Buyer Comment (XXXX-09-26): Please see uploaded LOX | XXXX | XXXX | 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 | 4350118139 | XXXX | 35095110 | 90957-6542 | 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 Title - Processing Fee. Fee Amount of XXXX.00 exceeds tolerance of XXXX. Insufficient or no cure was provided to the borrower. XXXX | Title - Processing Fee was disclosed as XXXX on Initial LE and $XXXX on Final CD. No valid COC provided, nor evidence of cure in file. Missing additional charges pages, |  |  |  | Reviewer Comment (XXXX-10-17): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-16): Please re-check - tracking # XXXX updated XXXX5 at 7:40 pm.<br>Reviewer Comment (XXXX-10-15): XXXXXXXX received LOE, proof of mailing and copy of refund check. XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-14): LOE, refund check and shipping label<br>Reviewer Comment (XXXX-10-09): XXXXXXXX Received PCCD shows lender cure of $XXXX is sufficient to cure all Zero and 10% tolerance exceptions. Provide Copy of Check, Proof of Mailing and LOE.<br>Buyer Comment (XXXX-10-08): Please see uploaded PCCD - Lender would like to know if the cure reflected in section J will be sufficient to cure all tolerance exceptions. Please advise, thank you.<br>Reviewer Comment (XXXX-09-29): XXXXXXXX received LOX. The inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Title- Processing fee was included in section B of the most recent LE, the consumer was not allowed to shop and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check.<br>Buyer Comment (XXXX-09-26): Please see uploaded LOX | XXXX | XXXX | 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 | 4350118139 | XXXX | 35095111 | 90957-6542 | 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 Title - Recording Service Fee. Fee Amount of XXXX exceeds tolerance of XXXX.00. Insufficient or no cure was provided to the borrower. XXXX | Title - Recording Service Fee was disclosed as $XXXX on Initial LE and XXXX on Final CD. No valid COC provided, nor evidence of cure in file. Missing additional charges pages, |  |  |  | Reviewer Comment (XXXX-09-29): XXXXXXXX received LOX for the itemization amount on LE.<br>Buyer Comment (XXXX-09-26): Please see uploaded LOX | XXXX | 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 | 4350118139 | XXXX | 35095112 | 90957-33630 | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year 1 Overdisclosed - XXXX XXXX | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year XXXX on Final Closing Disclosure provided on XXXX are overdisclosed. (Final/XXXX) | Non Escrowed Property Costs over Year XXXX updated as per Final CD page 4 however taxes and insurance escrowed and there are no other costs in which are non escrowed. |  |  |  | Reviewer Comment (XXXX-10-15): XXXXXXXX received Letter of Explanation & Corrected Closing Disclosure.<br>Buyer Comment (XXXX-10-14): Please see uploaded LOE, refund check and shipping label<br>Reviewer Comment (XXXX-09-29): XXXXXXXX received Post CD. However,we would also require LOX to the borrower in order to cure the exception. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118137 | XXXX | 35095119 | 90373-26703 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Per guidelines, the subject property cannot be greater than XXXX acres. |  | Subject property reflects acreage as XXXX, as per guide properties greater than XXXX acres are ineligible property type. Confirm lender exception provided is acceptable 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 XXXX.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. |  | XXXX | Reviewer Comment (XXXX-09-23): Investor exception provided.<br>Buyer Comment (XXXX-09-19): Exception attached | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118137 | XXXX | 35095120 | 90373-27671 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Telephone Listing / Internet Search / Directory Assistance not provided |  | Missing one of the following per guides:<br> \*Evidence of current work (executed contracts or signed invoices)<br> • Evidence of current business receipts<br> • Business website demonstrating activity supporting current business operations.<br> Credit related. |  |  |  | Reviewer Comment (XXXX-09-22): Noted business website demonstrating business nature or operation. exception cleared.<br>Buyer Comment (XXXX-09-19): DATE STAMPED URL OF BUSINESS | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118137 | XXXX | 35095121 | 90373-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Telephone Listing / Internet Search / Directory Assistance | 401k omit from closing , Missing one of the following per guides:<br> \*Evidence of current work (executed contracts or signed invoices)<br> • Evidence of current business receipts<br> • Business website demonstrating activity supporting current business operations.<br> Compliance related |  |  |  | Reviewer Comment (XXXX-09-22): Noted business website demonstrating business nature or operation. exception cleared. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118137 | XXXX | 35095122 | 90373-25029 | 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-09-23): All Open Income/Asset ATR Exception has been cleared. Exception Cleared<br>Buyer Comment (XXXX-09-22): Noted business website demonstrating business nature or operation. exception cleared. Please review. | XXXX | XXXX | 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 | 4350118137 | XXXX | 35095123 | 90373-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | 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-09-23): All Open Income/Asset ATR Exception has been cleared. Exception Cleared<br>Buyer Comment (XXXX-09-22): Noted business website demonstrating business nature or operation. exception cleared. Please review. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118137 | XXXX | 35095124 | 90373-3828 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower |  | Loans submitted with tax returns or tax transcripts are ineligible. The borrower's XXXX transcripts were provided. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least XXXX.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. |  | XXXX | Reviewer Comment (XXXX-10-06): Investor exception provided.<br>Buyer Comment (XXXX-10-06): updated investor exception approval<br>Reviewer Comment (XXXX-10-03): IRS screenshot provided. However, transcripts were provided and loans submitted with tax returns or transcripts are ineligible.<br>Buyer Comment (XXXX-10-01): See attached IRS Screenshot | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Second Home | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118133 | XXXX | 35095128 | 91701-3495 | 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 the report date of report located in file. Lender to provide all previous appraisal reports/updates. |  |  |  | Buyer Comment (XXXX-09-25): Acknowledged non material EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118133 | XXXX | 35095130 | 91701-6572 | 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:Secondary/XXXX) | Missing evidence the Secondary valuation was provided to the borrower. |  |  |  | Buyer Comment (XXXX-09-25): Acknowledged non material EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118133 | XXXX | 35095131 | 91701-6446 | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.94901% or Final Disclosure APR of 9.01300% is equal to or greater than the threshold of APOR 6.61% + 1.5%, or 8.11000%. Non-Compliant Higher Priced Mortgage Loan. |  |  |  |  | Reviewer Comment (XXXX-10-02): Borrower E-delivery evidence provided for secondary Valuation | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118133 | XXXX | 35095132 | 91701-7013 | 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. (Type:Secondary/XXXX) | Missing evidence the Secondary valuation was provided to the borrower. |  |  |  | Reviewer Comment (XXXX-10-02): Borrower E-delivery evidence provided for secondary Valuation<br>Buyer Comment (XXXX-09-30): Appraisal delivery | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118131 | XXXX | 35095136 | 89958-6583 | 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 Desk 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-09-15): Sufficient Cure Provided At Closing | XXXX | XXXX | XXXX | 1 A | XXXX | XXXX | Primary | Purchase | Final CD evidences Cure B A | Non QM | Non QM | Yes |
| XXXX | XXXX | XXXX | 4350118131 | XXXX | 35095137 | 89958-27835 | 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 | A CDA is required and was not provided. |  |  |  | Reviewer Comment (XXXX-10-01): Received CDA. Exception Cleared<br>Buyer Comment (XXXX-09-30): cda | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Primary | Purchase | D B C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118131 | XXXX | 35095138 | 89958-29618 | XXXX | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. |  | Guidelines require a 12-month Housing History. Missing VOR completed by a professional management company or 12 months bank statements/canceled checks and a lease agreement to document the term and payment are required. Missing VOR for $XXXX | Borrower has verified disposable income of at least XXXX.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. |  | XXXX | Reviewer Comment (XXXX-10-02): Investor exception provided.<br>Buyer Comment (XXXX-10-01): exception approval | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Purchase | D B C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118131 | XXXX | 35095140 | 89958-6463 | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided |  | A signed letter from the CPA (or an underwriter cash flow analysis) is required to confirm that the withdrawal will not negatively impact the business from account XXXX. |  |  |  | Reviewer Comment (XXXX-10-02): CFA provided.<br>Buyer Comment (XXXX-09-30): cash flow analysis | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D B C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118140 | XXXX | 35095143 | 89150-31711 | XXXX | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. | Borrower: XXXX XXXX | 1 year average income was used to qualify. As per guide, 1099 transcripts are required and were not provided. Lender Exception provided. Confirm acceptance for downgrade consideration. |  |  |  | Reviewer Comment (XXXX-10-03): Reviewed to P&L. Transcripts not required.<br>Buyer Comment (XXXX-10-03): As indicated on XXXX0XXXX the lender underwrote to the P & L program, please re-review to the P & L program<br>Reviewer Comment (XXXX-10-01): Correct 1008 is XXXX which noted Loan reviewed with 1099 and Also Lender exception provided (Dc006) noted no result on 1099 Transcript. Please Confirm acceptance for downgrade consideration. Exception Remains . Auto Lease Tradeline IAO $XXXX Used for qualification.<br>Buyer Comment (XXXX-09-30): Lender is stating they underwrote to P & L program see 1008 XXXX. May I ask we update the exceptions and review to the P & L program. | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118140 | XXXX | 35095144 | 89150-26817 | XXXX | Property | Valuation | Guideline | Valuation | Property is in a declining market. |  | CDA reflects the area value is declining. Required primary appraiser to address the CDA declining trend. If Declining, LTV will need to be reduced by 10%. |  |  |  | Reviewer Comment (XXXX-10-03): Cleared.<br>Buyer Comment (XXXX-10-02): Max LTV is 80%, LTV is 61.76%. Reduction is already considered. Please clear | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118140 | XXXX | 35095146 | 89150-23365 | XXXX | Compliance | Compliance | Federal Compliance | GSE | XXXX XXXX 2014 - 3% Points and Fees | XXXX XXXX 2014 3% Points and Fees Test. Points and Fees on subject loan of 3.28112% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $XXXX on a Federal Total Loan Amount of $XXXX vs. an investor allowable total of $XXXXan overage of $XXXX or .28112%). | EV2 informational |  |  |  | Buyer Comment (XXXX-09-25): Acknowledged non-material | XXXX | XXXX | 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 | 4350118140 | XXXX | 35095148 | 89150-6543 | 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 was disclosed as $XXXX on Initial LE and $XXXX on Final CD. File does not contain a valid COC for this fee, Insufficient or no cure was provided to the borrower |  |  |  | Reviewer Comment (XXXX-10-15): XXXXXXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.<br>Buyer Comment (XXXX-10-14): Please re-check - Package out for delivery today<br>Reviewer Comment (XXXX-10-09): XXXXXXXX received PCCD, LOE and copy of refund check. XXXX indicates label has been created, but package has not been shipped. Proof of mailing required to cure.<br>Buyer Comment (XXXX-10-08): LOE, PCCD, refund check and tracking | XXXX | XXXX | 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 | 4350118130 | XXXX | 35095156 | 91957-911 | XXXX | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Subject zoning compliance not provided. |  | Appraisal reflects zoning as "Multi-Use, Residential Allowed". Per the guidelines, mixed use properties are ineligible. | 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 XXXX.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. | 28 vs 6 | XXXX | Reviewer Comment (XXXX-09-30): Investor accepts and agrees to waive with comepsantingh factors,.<br>Buyer Comment (XXXX-09-29): Exception from LS. Please clear the exception. | XXXX | XXXX | XXXX | 2 C B | XXXX | XXXX | Primary | Refinance - Cash-out - Other | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118138 | XXXX | 35095158 | 92189-23086 | 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. | Need additional assets to cover insufficient cash to close. Missing evidence of gift funds. |  |  |  | Reviewer Comment (XXXX-10-16): Gift funds used meet the cash to close however reserves requirement still not met: Noted Gift letter with gift fund wire transfer to escrow which is meeting the closing requirement but not the reserves. still fund for reserve short for approx. 3 months. 1003 show checking account XXXX $XXXX but XXXX as of XXXX reflects $XXXX causing short fall. require additional asset to meet the reserve shortfall also Final CD provided reflects $XXXX, require corrected PCCD should reflect $XXXX as per wire receipt provided. exception cleared.<br>Buyer Comment (XXXX-10-16): Gift Letter and Receipt | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118138 | XXXX | 35095161 | 92189-4264 | 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. | Calculated PITIA months reserves of 0.00 month is less than Guideline PITIA months reserves of 6.00 months. |  |  |  | Reviewer Comment (XXXX-10-22): Received updated bank statement with revised funds. Meets reserve requirement. Exception cleared.<br>Buyer Comment (XXXX-10-21): Statement<br>Reviewer Comment (XXXX-10-16): Noted Gift letter with gift fund wire transfer to escrow which is meeting the closing requirement but not the reserves. still fund for reserve short for approx. 3 months. 1003 show checking account XXXX $XXXX but XXXX as of XXXX reflects $XXXX causing short fall. require additional asset to meet the reserve shortfall also Final CD provided reflects $XXXX, require corrected PCCD should reflect $XXXX as per wire receipt provided. exception remains.<br>Buyer Comment (XXXX-10-16): See Available for Closing is insufficient to cover Cash From Borrower for assets | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118138 | XXXX | 35095162 | 92189-6572 | 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. |  |  |  | Reviewer Comment (XXXX-10-08): Original Appraisal and Delivery evidence provided . Exception Cleared<br>Buyer Comment (XXXX-10-06): Appraisal deliveries | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118138 | XXXX | 35095164 | 92189-27759 | 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) | Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. |  |  |  | Reviewer Comment (XXXX-10-08): Original Appraisal and Delivery evidence provided . Exception Cleared<br>Buyer Comment (XXXX-10-06): Please see uploaded Tracking reports and email for appraisal deliveries | XXXX | XXXX | XXXX | 1 B A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118138 | XXXX | 35095165 | 92189-25029 | 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-10-22): Received PCCD with updated gift fund amount and bank statement with additional funds that meets reserve requirement. Updated PPCD and uploaded accordingly. Exception cleared<br>Buyer Comment (XXXX-10-21): See Guideline Requirement: PITIA reserves months discrepancy exception for assets<br>Reviewer Comment (XXXX-10-16): Noted Gift letter with gift fund wire transfer to escrow which is meeting the closing requirement but not the reserves. still fund for reserve short for approx. 3 months. 1003 show checking account XXXX $XXXX but XXXX as of XXXX reflects $XXXX causing short fall. require additional asset to meet the reserve shortfall also Final CD provided reflects $XXXX, require corrected PCCD should reflect $XXXX as per wire receipt provided. exception remains.<br>Buyer Comment (XXXX-10-16): See Available for Closing is insufficient to cover Cash From Borrower for assets | XXXX | XXXX | 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 | 4350118138 | XXXX | 35095166 | 92189-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | 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-10-22): Received PCCD with updated gift fund amount and bank statement with additional funds that meets reserve requirement. Updated PPCD and uploaded accordingly. Exception cleared<br>Buyer Comment (XXXX-10-21): See Guideline Requirement: PITIA reserves months discrepancy exception for assets<br>Reviewer Comment (XXXX-10-16): Noted Gift letter with gift fund wire transfer to escrow which is meeting the closing requirement but not the reserves. still fund for reserve short for approx. 3 months. 1003 show checking account XXXX $XXXX but XXXX as of XXXX reflects $XXXX causing short fall. require additional asset to meet the reserve shortfall also Final CD provided reflects $XXXX, require corrected PCCD should reflect XXXX as per wire receipt provided. exception remains.<br>Buyer Comment (XXXX-10-16): See Available for Closing is insufficient to cover Cash From Borrower for assets | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118138 | XXXX | 35095169 | 92189-2839 | XXXX | Credit | Asset | Asset Documentation | Asset | Missing Document: Gift Letter not provided |  | File is missing the required documentation to confirm Gift Funds listed on Closing Disclosure. Signed Gift Letter with evidence of transfer of funds. |  |  |  | Reviewer Comment (XXXX-10-22): Received PCCD with updated gift fund amount. Updated PPCD and uploaded accordingly. Exception cleared<br>Buyer Comment (XXXX-10-21): See Guideline Requirement: PITIA reserves months discrepancy exception for assets<br>Reviewer Comment (XXXX-10-16): Noted Gift letter with gift fund wire transfer to escrow which is meeting the closing requirement but not the reserves. still fund for reserve short for approx. 3 months. 1003 show checking account XXXX XXXX but XXXX as of XXXX reflects XXXX causing short fall. require additional asset to meet the reserve shortfall also Final CD provided reflects XXXX, require corrected PCCD should reflect XXXX as per wire receipt provided. exception remains.<br>Buyer Comment (XXXX-10-16): See Available for Closing is insufficient to cover Cash From Borrower for assets | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118138 | XXXX | 35095170 | 92189-28640 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided |  | File is missing the required documentation to confirm Gift Funds listed on Closing Disclosure. Signed Gift Letter with evidence of transfer of funds. |  |  |  | Reviewer Comment (XXXX-10-22): Received PCCD with updated gift fund amount. Updated PPCD and uploaded accordingly. Exception cleared<br>Buyer Comment (XXXX-10-21): PCCD<br>Reviewer Comment (XXXX-10-16): Noted Gift letter with gift fund wire transfer to escrow which is meeting the closing requirement but not the reserves. still fund for reserve short for approx. 3 months. 1003 show checking account XXXX XXXX but XXXX as of XXXX reflects XXXX causing short fall. require additional asset to meet the reserve shortfall also Final CD provided reflects XXXX, require corrected PCCD should reflect XXXX as per wire receipt provided. exception remains.<br>Reviewer Comment (XXXX-10-16): Noted Gift letter with gift fund wire transfer to escrow which is meeting the cash to close requirement however Final CD provided reflects XXXX, require corrected PCCD should reflect XXXX as per wire receipt provided. exception remains.<br>Buyer Comment (XXXX-10-16): See Available for Closing is insufficient to cover Cash From Borrower for assets | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118129 | XXXX | 35095171 | 91975-23933 | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. |  | Missing initial or final title |  |  |  | Reviewer Comment (XXXX-10-15): Received Title Commitment for subject Transaction. Exception Cleared<br>Buyer Comment (XXXX-10-14): Title commitment | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118129 | XXXX | 35095172 | 91975-27835 | 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 | A CDA is required and was not provided. No CU Score provided. MS |  |  |  | Reviewer Comment (XXXX-10-15): Received CDA. Exception Cleared<br>Buyer Comment (XXXX-10-14): CDA | XXXX | XXXX | XXXX | 1 D A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118129 | XXXX | 35095173 | 91975-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Third Party Verification | Require Verification that the business is active and operating either no more than 10 business days prior to the Note Date, or after the Note Date but prior to XXXX purchase is required with one of the following as it is missing in file:<br>• Evidence of current work (executed contracts or signed invoices)<br> • Evidence of current business receipts<br> • Business website demonstrating activity supporting current business operations.<br>Compliance related |  |  |  | Reviewer Comment (XXXX-10-15): Received Business website demonstrating activity supporting current business operations. Exception Cleared<br>Buyer Comment (XXXX-10-14): VOE | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118129 | XXXX | 35095174 | 91975-27615 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Third Party Verification not provided |  | Require Verification that the business is active and operating either no more than 10 business days prior to the Note Date, or after the Note Date but prior to XXXX purchase is required with one of the following as it is missing in file:<br>• Evidence of current work (executed contracts or signed invoices)<br> • Evidence of current business receipts<br> • Business website demonstrating activity supporting current business operations.<br>Credit related |  |  |  | Reviewer Comment (XXXX-10-15): Received Business website demonstrating activity supporting current business operations. Exception Cleared<br>Buyer Comment (XXXX-10-14): see voe | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118129 | XXXX | 35095175 | 91975-2842 | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided |  | Require Hazard Insurance Policy document for subject property as it is missing in file. |  |  |  | Reviewer Comment (XXXX-10-15): Received Subject Property HOI Policy and RCE. Exception Cleared<br>Buyer Comment (XXXX-10-14): HOI | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118129 | XXXX | 35095179 | 91975-25029 | 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-10-15): All Income/Asset ATR Exception has been cleared. Exception Cleared<br>Buyer Comment (XXXX-10-14): see voe | XXXX | XXXX | 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 | 4350118129 | XXXX | 35095180 | 91975-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | 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 the required Verification of business document required per Investor Guidelines was not provided causing the loan to XXXX through the ATR Testing. |  |  |  | Reviewer Comment (XXXX-10-15): All Income/Asset ATR Exception has been cleared. Exception Cleared<br>Buyer Comment (XXXX-10-14): see voe | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | D A C | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118123 | XXXX | 35095184 | 93085-6572 | 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) | 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-10-21): Acknowledged non material EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118123 | XXXX | 35095185 | 93085-4264 | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 3.66 is less than Guideline PITIA months reserves of 6.00. | Calculated PITIA months reserves of 3.66 is less than Guideline PITIA months reserves of 6.00. Need additional assets. |  |  |  | Reviewer Comment (XXXX-10-27): HELOC applied.<br>Buyer Comment (XXXX-10-27): Please see B3-4.3-15 Borrowed funds secured by an asset is acceptable for Reserves<br>Buyer Comment (XXXX-10-24): Per Seller: A HELOC is funds readily available and easily converted to cash by the borrower. During a draw period you can transfer funds online at anytime directly to your checking account. As long as you have an available balance you can withdraw up to the available limit at anytime<br>However, if you would like us to calculate the HELOC payment if they were to withdraw the remaining balance <br>For an interest-only HELOC the payment would be:<br> Monthly Payment=Principal×Monthly Interest Rate<br> =XXXX×0.00760275=$XXXX<br> The loan would still qualify at 40% DTI<br>Reviewer Comment (XXXX-10-24): Evidence of liquidation or HELOC draw not provided.<br>Buyer Comment (XXXX-10-24): Section 12.2 doesn't state a HELOC cant be considered for reserves : 2.2 Cash Reserves<br> All loans require a minimum cash reserve. Reserves are based on the PITIA (fully amortizing <br> loans) or ITIA (interest only loans) of the subject property. Reserves must be verified and <br> comprised of liquid assets that the borrower can readily access. Cash-out proceeds from the <br> subject transaction are an acceptable source to meet the reserve requirement. Gift funds <br> are not an acceptable source to meet the reserve requirement.<br>Reviewer Comment (XXXX-10-23): Noted HELOC available balance but this balance are not permissible to use for reserves per guide. require additional asset statement to meet the reserve requirement. exception remains.<br>Buyer Comment (XXXX-10-22): This was provided with the original upload. please review the XXXX statement right next to balance shows available amount.<br>Reviewer Comment (XXXX-10-20): Required sufficient assets to meet the reserve requirement of 6 months. Exception remains<br>Buyer Comment (XXXX-10-16): per lender: the borrower has the remaining amount from their HELOC. They drew from the HELOC for this closing. Per the HELOC transaction history the borrower has XXXX remaining and a HELOC is an acceptable source of funds | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118123 | XXXX | 35095186 | 93085-25029 | 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-10-27): Assets are sufficient.<br>Reviewer Comment (XXXX-10-24): Received HELOC statement noted available balance of $XXXX, however Evidence of liquidation or HELOC draw not provided. Exception Remains<br>Buyer Comment (XXXX-10-23): see invoice | XXXX | 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 | 4350118123 | XXXX | 35095187 | 93085-5695 | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | 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 and asset documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (XXXX-10-27): Assets are sufficient.<br>Reviewer Comment (XXXX-10-24): Received HELOC statement noted available balance of $XXXX, however Evidence of liquidation or HELOC draw not provided. Exception Remains<br>Buyer Comment (XXXX-10-23): see invoice | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118123 | XXXX | 35095188 | 93085-760 | XXXX | Credit | Credit | Credit Documentation | Credit | Credit Report Error: Missing source document for credit/housing history. |  | Credit Report Date XXXX and NR/SMS/CAL #XXXX is current through XXXX which is > 45 days from the Credit Report date. Missing VOM for XXXX and XXXX. The Mortgage Statement provided reflects XXXX payment was made XXXX and it does not reflect any late fees. It does not reflect XXXX or XXXX's payments. |  |  |  | Reviewer Comment (XXXX-10-24): DLA on the credit supplement is XXXX. Cleared.<br>Reviewer Comment (XXXX-10-23): Noted Mortgage Statement which reflects due month is XXXX and paid for XXXX however DLA is XXXX per credit report and XXXX & XXXX payment still require to be verified. exception remains.<br>Buyer Comment (XXXX-10-22): Credit supplement in file page 131 XXXX | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118123 | XXXX | 35095189 | 93085-27615 | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Third Party Verification not provided |  | Verification that the business is active and operating either no more than 10 business days prior to the Note Date, or after the Note Date but prior to XXXX purchase is required with one of the following and was not provided:<br> • Evidence of current work (executed contracts or signed invoices)<br> • Evidence of current business receipts<br> • Business website demonstrating activity supporting current business operations.<br>Credit related |  |  |  | Reviewer Comment (XXXX-10-22): Invoice received for XXXX and XXXX and uploaded accordingly. Exception Cleared.<br>Buyer Comment (XXXX-10-21): invoice | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118123 | XXXX | 35095191 | 93085-5404 | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXXX Third Party Verification | Verification that the business is active and operating either no more than 10 business days prior to the Note Date, or after the Note Date but prior to XXXX purchase is required with one of the following and was not provided:<br> • Evidence of current work (executed contracts or signed invoices)<br> • Evidence of current business receipts<br> • Business website demonstrating activity supporting current business operations.<br>Compliance related |  |  |  | Reviewer Comment (XXXX-10-22): Invoice received and associated accordingly. Exception Cleared.<br>Buyer Comment (XXXX-10-21): see invoice | XXXX | XXXX | XXXX | 1 C A | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |
| XXXX | XXXX | XXXX | 4350118123 | XXXX | 35095192 | 93085-3495 | 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-10-21): Acknowledged non material EV2 | XXXX | XXXX | XXXX | 2 B | XXXX | XXXX | Primary | Purchase | C B A | Non QM | Non QM | No |

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## Exhibit 99.4

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.4**

![](situs-logo.jpg)

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| **Rating Agency Grades** |
| **Run Date - 12/3/2025 3:12:10 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 PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT 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** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| XXXX | XXXX | XXXX | 4350118053 | XXXX | XXXX | XXXX C | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | XXXX | XXXX D |  | A | D | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117984 | XXXX | XXXX | XXXX C | A | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118080 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118070 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118076 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117901 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | XXXX | XXXX A | D | A | D | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117905 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | XXXX | XXXX C | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | XXXX | XXXX C | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | XXXX | XXXX C | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117943 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118049 | XXXX | XXXX | XXXX C | A | D | D | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117919 | XXXX | XXXX | XXXX B |  | C | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118037 | XXXX | XXXX | XXXX C | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118087 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118051 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118028 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | XXXX | XXXX C | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117859 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117981 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | XXXX A | B | A | B | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | XXXX | XXXX B | B | A | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118008 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117915 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | XXXX | XXXX C | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | XXXX C | B | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117891 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | XXXX | XXXX B | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117952 | XXXX | XXXX | XXXX A | A | A | A | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | XXXX | XXXX C | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | XXXX | XXXX C | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117908 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117939 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117955 | XXXX | XXXX | XXXX B | B | A | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117911 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | XXXX | XXXX C | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118034 | XXXX | XXXX | XXXX A | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117971 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117912 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118029 | XXXX | XXXX | XXXX A | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117898 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118101 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117948 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | XXXX | XXXX B | B | A | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117924 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | XXXX | XXXX B | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117907 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117925 | XXXX | XXXX | XXXX D |  | A | D | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | XXXX | XXXX C | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118054 | XXXX | XXXX | XXXX C | B | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118036 | XXXX | XXXX | XXXX B | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117945 | XXXX | XXXX | XXXX A | B | C | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117934 | XXXX | XXXX | XXXX A | B | A | B | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117927 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118119 | XXXX | XXXX | XXXX B | B | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118121 | XXXX | XXXX | XXXX C | B | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118117 | XXXX | XXXX | XXXX C | B | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117921 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117890 | XXXX | XXXX | XXXX C |  | C | C | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118041 | XXXX | XXXX | XXXX A | B | A | B | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117923 | XXXX | XXXX | XXXX C |  | A | C | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118118 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118031 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118014 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117926 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117887 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118072 | XXXX | XXXX | XXXX C |  | A | C | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117969 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118064 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117909 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117946 | XXXX | XXXX | XXXX A | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118015 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | XXXX | XXXX C | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | XXXX | XXXX A | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117922 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118042 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117928 | XXXX | XXXX | XXXX A | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | XXXX | XXXX C |  | A | C | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117941 | XXXX | XXXX | XXXX A | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118032 | XXXX | XXXX | XXXX A | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117935 | XXXX | XXXX | XXXX C | A | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | XXXX | XXXX C | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118025 | XXXX | XXXX | XXXX C | A | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117994 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118091 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118099 | XXXX | XXXX | XXXX D |  | A | D | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118000 | XXXX | XXXX | XXXX A | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118003 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118044 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118116 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117973 | XXXX | XXXX | XXXX C | B | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117980 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117999 | XXXX | XXXX | XXXX A | B | A | B | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117914 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118048 | XXXX | XXXX | XXXX A | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | XXXX | XXXX C | B | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | XXXX | XXXX C | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117965 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117846 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | XXXX | XXXX B | B | A | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117995 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118030 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118045 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118062 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118110 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117978 | XXXX | XXXX | XXXX A | B | A | B | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117857 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117976 | XXXX | XXXX | XXXX A | B | A | B | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118079 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117880 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117962 | XXXX | XXXX | XXXX A | B | A | B | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118102 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118114 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117910 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117849 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | XXXX | XXXX C | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117942 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117872 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117904 | XXXX | XXXX | XXXX C |  | A | C | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118113 | XXXX | XXXX | XXXX C |  | A | C | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117835 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117879 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118021 | XXXX | XXXX | XXXX B | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | XXXX B | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117828 | XXXX | XXXX | XXXX B | A | A | B | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118107 | XXXX | XXXX | XXXX C |  | A | C | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | XXXX | XXXX A | B | A | B | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117843 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117916 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117933 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117861 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | XXXX | XXXX B | B | A | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117932 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117850 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117834 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117936 | XXXX | XXXX | XXXX B | C | D | D | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118085 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118112 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117913 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | XXXX | XXXX D | C | A | D | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117881 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117897 | XXXX | XXXX | XXXX D |  | A | D | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118061 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118066 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | XXXX | XXXX B | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118088 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117966 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | XXXX | XXXX C | B | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117862 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118024 | XXXX | XXXX | XXXX A | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118010 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118026 | XXXX | XXXX | XXXX B | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118095 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118074 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | XXXX | XXXX D |  | A | D | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117864 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117954 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117882 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118106 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118075 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | XXXX D |  | A | D | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117856 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118007 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | XXXX | XXXX C | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117877 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118067 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118012 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117956 | XXXX | XXXX | XXXX C | B | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117947 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | XXXX | XXXX C | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | XXXX | XXXX B | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117892 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117860 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118115 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117888 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117986 | XXXX | XXXX | XXXX A | B | A | B | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117979 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117996 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117866 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | XXXX | XXXX C | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118094 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118055 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118002 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117959 | XXXX | XXXX | XXXX B | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118043 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | XXXX | XXXX C | A | C | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117884 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117830 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117894 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | XXXX | XXXX B | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117847 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117858 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118103 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118069 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117865 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117876 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | XXXX | XXXX C |  | B | C | B |  | B | B |  |
| XXXX | XXXX | XXXX | 4350118068 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118056 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118058 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118078 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118063 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | XXXX | XXXX B | B | A | B | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117844 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117845 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117990 | XXXX | XXXX | XXXX B | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117839 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117893 | XXXX | XXXX | XXXX D |  | A | D | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | XXXX | XXXX C | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118086 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | XXXX | XXXX C |  | A | C | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117929 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117870 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117964 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | XXXX | XXXX C | C | A | C | B | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118060 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118057 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118081 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117931 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118083 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118100 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117968 | XXXX | XXXX | XXXX A | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350117886 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118065 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118084 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117930 | XXXX | XXXX | XXXX B | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117985 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117961 | XXXX | XXXX | XXXX B | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117957 | XXXX | XXXX | XXXX A | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350117841 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117953 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118009 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118120 | XXXX | XXXX | XXXX B |  | A | B | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | XXXX | XXXX B | A | A | B | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350117869 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117852 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117874 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117837 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117867 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117854 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117868 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117878 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117871 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117832 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118005 | XXXX | XXXX | XXXX B | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118004 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118092 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118098 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117853 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117851 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118077 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350118073 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | XXXX | XXXX D |  | A | D | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350117840 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117836 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117863 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117833 | XXXX | XXXX | XXXX A |  | A | A | A |  | A | A |  |
| XXXX | XXXX | XXXX | 4350117842 | XXXX | XXXX | XXXX B |  | A | B | B |  | A | B |  |
| XXXX | XXXX | XXXX | 4350118126 | XXXX | XXXX | XXXX C D | B | A | C D | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118124 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118132 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118125 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118127 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118134 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118135 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118128 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118136 | XXXX | XXXX | XXXX A | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118139 | XXXX | XXXX | XXXX A | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118137 | XXXX | XXXX | XXXX C | C | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118133 | XXXX | XXXX | XXXX A | C | A | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118131 | XXXX | XXXX | XXXX C | A | D | D | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118140 | XXXX | XXXX | XXXX C | C | C | C | A | B | A | B |  |
| XXXX | XXXX | XXXX | 4350118130 | XXXX | XXXX | XXXX C | A | A | C | B | A | A | B |  |
| XXXX | XXXX | XXXX | 4350118138 | XXXX | XXXX | XXXX C | C | A | C | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118129 | XXXX | XXXX | XXXX C | C | D | D | A | A | A | A |  |
| XXXX | XXXX | XXXX | 4350118123 | XXXX | XXXX | XXXX C | C | A | C | A | B | A | B |  |

---

## Exhibit 99.5

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.5**

![](situs-logo.jpg)

---

| |
|:---|
| **Data Compare (Non-Ignored)** |
| **Run Date - 12/3/2025 3:13:59 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 | 4350117906 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118070 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118076 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117901 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Guarrantor |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118087 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117859 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117915 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117939 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117924 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117907 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117925 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118054 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118121 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117923 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117926 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118072 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118064 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117922 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117941 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117994 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118099 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117914 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117846 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118062 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118110 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117857 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117910 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118107 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117916 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118112 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118061 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118088 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117862 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118095 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Borrower is Business Entity |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118074 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118075 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118067 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118055 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118103 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118069 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117876 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118068 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118056 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118058 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118078 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118063 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117839 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118086 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118057 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118081 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117931 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118083 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118100 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117886 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118065 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117841 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117953 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117869 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117852 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117871 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118004 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118098 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350117851 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118077 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118073 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117833 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117842 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118126 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118128 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118131 | XXXX | XXXX | Borrower First Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118126 | XXXX | XXXX | Borrower FTHB | 0 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118128 | XXXX | XXXX | Borrower FTHB | 0 |  | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| XXXX | XXXX | XXXX | 4350118138 | XXXX | XXXX | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| XXXX | XXXX | XXXX | 4350118129 | XXXX | XXXX | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118080 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118070 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118076 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117901 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118087 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117859 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117915 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117939 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117924 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117907 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117925 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118054 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118121 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117923 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117926 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118072 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Security Instrument |
| XXXX | XXXX | XXXX | 4350117969 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118064 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117922 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117994 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118099 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118003 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117980 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117914 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117846 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118062 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118110 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117857 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117910 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118107 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117916 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118112 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118088 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117862 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118095 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Borrower is Business Entity |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118074 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117882 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118075 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Security Instrument |
| XXXX | XXXX | XXXX | 4350118067 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117888 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118055 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118103 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118069 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117876 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118068 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118056 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118058 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118078 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118063 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117839 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118086 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118057 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118081 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117931 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118083 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118100 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117886 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118065 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Security Instrument |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117841 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117869 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117852 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118005 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118004 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118098 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117851 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118077 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118073 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117833 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118126 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118132 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350118128 | XXXX | XXXX | Borrower Last Name | XXXX | XXXX | Verified | Field Value reflects Borrower name as it appears on the Note |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118070 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118076 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117901 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118087 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117859 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117915 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117939 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117924 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117907 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117925 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118054 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118121 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117923 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118072 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118064 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117909 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117922 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117994 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118099 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117914 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117846 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118062 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118110 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117857 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117910 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118107 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117916 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118112 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118061 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118088 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350117862 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118095 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118074 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118075 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118067 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117888 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118055 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118103 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118069 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117876 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118068 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118056 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118058 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118078 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118063 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117839 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117893 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118086 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118057 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118081 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117931 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118083 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118100 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117886 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118065 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117841 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117869 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117852 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117871 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118004 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118098 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350117851 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118077 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350118073 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117833 | XXXX | XXXX | Borrower SSN | XXXX | XXXX | Verified | Field Value verified by application or other documentation in file |
| XXXX | XXXX | XXXX | 4350117981 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350117941 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350117914 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350117861 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350117881 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350117893 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350117968 | XXXX | XXXX | City | XXXX | XXXX | Verified | Field Value reflects City per Note |
| XXXX | XXXX | XXXX | 4350118136 | XXXX | XXXX | Decision System |  |  | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118139 | XXXX | XXXX | Decision System |  |  | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118137 | XXXX | XXXX | Decision System |  |  | Verified | The Bid Tape Field Value was not provided. |
| XXXX | XXXX | XXXX | 4350118133 | XXXX | XXXX | Decision System |  |  | Verified | The Bid Tape Field Value was not provided. |
| XXXX | XXXX | XXXX | 4350118051 | XXXX | XXXX | Doc Type | 12mo Bank Statement | 1yr Full Doc | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Doc Type | 24mo Bank Statement | 12mo Bank Statement | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | Doc Type | Full | 2yr Full Doc | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350117952 | XXXX | XXXX | Doc Type | Full | 1yr Full Doc | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | XXXX | Doc Type | 12mo Bank Statement | 1yr Full Doc | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | XXXX | Doc Type | 1yr 1099 | 2yr 1099 | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | XXXX | Doc Type | 12mo Bank Statement | 24mo Bank Statement |  |  |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | XXXX | Doc Type | Full | 2yr Full Doc | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350117996 | XXXX | XXXX | Doc Type | 24mo Bank Statement | 12mo Bank Statement | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350117957 | XXXX | XXXX | Doc Type | 12mo Bank Statement | Asset Depletion | Verified | Field Value reflects documentation located in origination file |
| XXXX | XXXX | XXXX | 4350118053 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117984 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118080 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118070 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118076 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117901 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117905 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117943 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118049 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117919 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118037 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118087 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118051 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118028 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117859 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117981 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118008 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117915 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117891 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117952 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117908 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117939 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117955 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117911 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118034 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117971 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117912 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118029 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117898 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118101 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117948 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117924 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117907 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117925 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118054 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118036 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117945 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117934 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118121 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117921 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117890 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118041 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117923 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118118 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118031 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118014 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117926 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118072 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117969 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118064 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117909 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117946 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118015 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117922 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118042 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117928 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117941 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118032 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117935 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118025 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117994 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118091 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118099 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118000 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118003 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118044 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118116 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117973 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117980 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117999 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117914 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118048 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117965 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117846 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118030 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118045 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118062 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118110 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117978 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117857 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117976 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118079 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117880 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117962 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118102 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118114 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117910 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117849 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117942 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117872 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117904 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117835 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117879 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118021 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117828 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118107 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117843 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117916 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117933 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117861 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117932 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117834 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117936 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117913 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117881 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117897 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118061 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118066 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118088 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117966 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117862 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118024 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118010 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118026 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118095 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118074 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117864 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117954 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117882 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118106 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118075 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117856 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118007 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117877 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118067 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118012 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Verified from closing disclosure document |
| XXXX | XXXX | XXXX | 4350117956 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117892 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117860 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118115 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117888 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117986 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117979 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117996 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117866 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118055 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350118002 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117959 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118043 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117884 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117830 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117894 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117847 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118103 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118069 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117865 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117876 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118068 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118056 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118058 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118078 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118063 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117844 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117845 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117990 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117839 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117893 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118086 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117929 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117870 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117964 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118057 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118081 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117931 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118083 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118100 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117968 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117886 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118065 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118084 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117930 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117985 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117961 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117957 | XXXX | XXXX | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117841 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117953 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118009 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118120 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117852 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117874 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117837 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117867 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117854 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117868 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117878 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117871 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117832 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118005 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118004 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118092 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118098 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117853 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117851 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118077 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118073 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117840 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117836 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117863 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117833 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117842 | XXXX | XXXX | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118034 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117948 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118031 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | XXXX | Has FTHB | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117980 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118048 | XXXX | XXXX | Has FTHB | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | XXXX | Has FTHB | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117942 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118021 | XXXX | XXXX | Has FTHB | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117954 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118115 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | XXXX | Has FTHB | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117930 | XXXX | XXXX | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117953 | XXXX | XXXX | Has FTHB | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118005 | XXXX | XXXX | Has FTHB | 1 | 0 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117859 | XXXX | XXXX | Interest Only Period |  | 120 | Verified | Field Value reflects 'Interest Only Period' per the Note |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | Interest Only Period |  | 120 | Verified | Field Value reflects 'Interest Only Period' per the Note |
| XXXX | XXXX | XXXX | 4350117849 | XXXX | XXXX | Interest Only Period |  | 120 | Verified | Field Value reflects 'Interest Only Period' per the Note |
| XXXX | XXXX | XXXX | 4350117894 | XXXX | XXXX | Interest Only Period |  | 120 | Verified | Field Value reflects 'Interest Only Period' per the Note |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 50.252 | 40.77209 | Verified | Difference in REOs. |
| XXXX | XXXX | XXXX | 4350118028 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 18.79 | 33.68477 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 47.868 | 51.85068 | Verified | taxes, HOI and credit report P&I being used for PITIA for non-subject REO. |
| XXXX | XXXX | XXXX | 4350117981 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 32.589 | 30.08463 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 47.41 | 49.8613 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 34.99 | 31.8641 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118008 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 38.671 | 29.59763 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 35.218 | 32.09626 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 19.616 | 26.70091 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 20.199 | 18.12064 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117955 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 9.618 | 13.69176 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118034 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 22.363 | 30.52524 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 56.699 | 53.74431 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118036 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 10.279 | 27.32751 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118041 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 32.22 | 7.04941 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118014 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 41.725 | 33.31997 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117969 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 42.56 | 39.32397 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118042 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 15.411 | 17.9153 | Verified | Field Value DTI is higher than Tape value but not < 43% as required by QM/TQM |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 45.594 | 47.9419 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117973 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 45.222 | 51.12596 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 43.938 | 41.72899 | Verified | Income is less as UW worksheet have XXXX but available bank statement have XXXX |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 20.287 | 25.3214 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118045 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 55 | 52.11785 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117976 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 23.724 | 30.14678 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117942 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 33.138 | 36.06716 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 21.455 | 23.85633 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 35.251 | 37.39502 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 5.721 | 8.28107 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 48.647 | 46.28729 | Verified | Difference in REOs. |
| XXXX | XXXX | XXXX | 4350117979 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 23.338 | 29.85798 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 35 | 42.14507 | Verified | Matches DTI on 1008 |
| XXXX | XXXX | XXXX | 4350117830 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 0.0001 | 42.19631 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 45 | 50.02448 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 39.699 | 44.9933 | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 42.838 | 39.68145 | Verified | Field Value DTI is higher than Tape value but not < 43% as required by QM/TQM |
| XXXX | XXXX | XXXX | 4350117931 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 33.894 | 29.86024 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117961 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 35.225 | 31.96733 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350117957 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 55 | 50.55293 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118009 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 24.28 | 19.27358 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| XXXX | XXXX | XXXX | 4350118139 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 38 | 46.70483 | Verified | Per AUS DTI is 48.430% and calculated DTI is 46.704% due to the taxes of $XXXX per Final CD and First Payment Letter vs 1008 of $XXXX. |
| XXXX | XXXX | XXXX | 4350118137 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 22.7517 | 11.48994 | Verified | Field Value DTI matches 1008 DTI. |
| XXXX | XXXX | XXXX | 4350118131 | XXXX | XXXX | Investor: Qualifying Total Debt Ratio | 30.215 | 25.59424 | Verified | Field Value DTI matches 1008 DTI. |
| XXXX | XXXX | XXXX | 4350118080 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | The bid tape field value was not provided. |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117911 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117924 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118041 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118118 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118064 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118091 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | "The Bid Tape Field Value was not provided" |
| XXXX | XXXX | XXXX | 4350118000 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118044 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118048 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118045 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117976 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117910 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117828 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117933 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118085 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | The bid tape field value was not provided. |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118088 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | The Bid Tape Field Value was not provided. |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118106 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118075 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117844 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117893 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118086 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | The Bid Tape Field Value was not provided. |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117837 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118073 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350117836 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | The Bid Tape Field Value was not provided. |
| XXXX | XXXX | XXXX | 4350117863 | XXXX | XXXX | Lender | XXXX | XXXX | Verified | Field Value reflects Lender name per the Note |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | Margin | 4 | 5.25 | Verified | Field Value reflects 'Margin' per the Note |
| XXXX | XXXX | XXXX | 4350118124 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350118132 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350118125 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350118134 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350118135 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350118128 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350118136 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350118139 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | Field Value reflects Note Date per the Note |
| XXXX | XXXX | XXXX | 4350118137 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | The Bid Tape Field Value was not provided. |
| XXXX | XXXX | XXXX | 4350118133 | XXXX | XXXX | Note Date | XXXX | XXXX | Verified | The Bid Tape Field Value was not provided. |
| XXXX | XXXX | XXXX | 4350118003 | XXXX | XXXX | Occupancy | Primary | Investment | Verified | Field Value reflects Occupancy per the Final Loan Application |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | XXXX | Original CLTV | 70 | 74.35897 | 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 | 4350117944 | XXXX | XXXX | Original CLTV | 75 | 80 | 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 | 4350118105 | XXXX | XXXX | Original CLTV | 70 | 63.29177 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350118101 | 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 | 4350118089 | XXXX | XXXX | Original CLTV | 75 | 70 | 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 | 4350118104 | XXXX | XXXX | Original CLTV | 57.6 | 60 | 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 | 4350117890 | XXXX | XXXX | Original CLTV | 80 | 75 | 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 | 4350118062 | XXXX | XXXX | Original CLTV | 75 | 73.9759 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Original CLTV | 75 | 73.9759 | 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 | 4350118110 | XXXX | XXXX | Original CLTV | 75 | 73.9759 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350117849 | XXXX | XXXX | Original CLTV | 74.843 | 67.54717 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350117872 | XXXX | XXXX | Original CLTV | 69.784 | 66.47059 | 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 | 4350117884 | XXXX | XXXX | Original CLTV | 73 | 75 | 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 | 4350117847 | XXXX | XXXX | Original CLTV | 75 | 71.07273 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350118124 | XXXX | XXXX | Original CLTV | 59.88 | 57.80347 | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350117943 | XXXX | XXXX | Original Interest Rate | 7.5 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117908 | XXXX | XXXX | Original Interest Rate | 7.75 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Original Interest Rate | 7.75 | 7.375 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117911 | XXXX | XXXX | Original Interest Rate | 6.99 | 7.75 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117971 | XXXX | XXXX | Original Interest Rate | 6.875 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117898 | XXXX | XXXX | Original Interest Rate | 7.25 | 7.125 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | XXXX | Original Interest Rate | 7.625 | 7.75 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118117 | XXXX | XXXX | Original Interest Rate | 7.375 | 7.374 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118118 | XXXX | XXXX | Original Interest Rate | 7.749 | 6.999 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | XXXX | Original Interest Rate | 6.999 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | Original Interest Rate | 7.125 | 7.5 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118091 | XXXX | XXXX | Original Interest Rate | 7.125 | 7 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | XXXX | Original Interest Rate | 6.625 | 6.875 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117846 | XXXX | XXXX | Original Interest Rate | 7.375 | 7.49 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | XXXX | Original Interest Rate | 8.375 | 7.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117978 | XXXX | XXXX | Original Interest Rate | 6.99 | 6.875 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117880 | XXXX | XXXX | Original Interest Rate | 7.875 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | Original Interest Rate | 6.625 | 6.75 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118066 | XXXX | XXXX | Original Interest Rate | 7.75 | 7.625 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | Original Interest Rate | 7.875 | 7.625 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117862 | XXXX | XXXX | Original Interest Rate | 6.875 | 6.99 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | XXXX | Original Interest Rate | 7.75 | 8.25 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117929 | XXXX | XXXX | Original Interest Rate | 6.75 | 7.125 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117841 | XXXX | XXXX | Original Interest Rate | 6.875 | 6.625 | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118053 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118076 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118101 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117890 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118062 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118110 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117849 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117966 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350117884 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118124 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118134 | XXXX | XXXX | Original Loan Amount | XXXX | XXXX | Verified | Field Value reflects the Note value |
| XXXX | XXXX | XXXX | 4350118124 | XXXX | XXXX | Original LTV | 59.88 | 57.80347 | Verified | Field Value reflects the Original Principal Balance divided by the lowest appraised value. (Refinances) |
| XXXX | XXXX | XXXX | 4350118053 | XXXX | XXXX | PITIA Reserves Months | 6 | 15.03 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | XXXX | PITIA Reserves Months | 10 | 14.68 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117984 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118080 | XXXX | XXXX | PITIA Reserves Months | 9 | 21.33 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118070 | XXXX | XXXX | PITIA Reserves Months | 9 | 70.99 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118076 | XXXX | XXXX | PITIA Reserves Months | 9 | 75.74 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117901 | XXXX | XXXX | PITIA Reserves Months | 10 | 53.22 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | XXXX | PITIA Reserves Months | 12 | 99.73 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | XXXX | PITIA Reserves Months | 24 | 17.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117905 | XXXX | XXXX | PITIA Reserves Months | 12 | 8.17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | PITIA Reserves Months | 9 | 35.6 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | XXXX | PITIA Reserves Months | 6 | 5.88 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | XXXX | PITIA Reserves Months | 6 | 24.69 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | XXXX | PITIA Reserves Months | 6 | 13 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117943 | XXXX | XXXX | PITIA Reserves Months | 16 | 157.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118049 | XXXX | XXXX | PITIA Reserves Months | 12 | 49.48 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | XXXX | PITIA Reserves Months | 6 | 242.39 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | XXXX | PITIA Reserves Months | 12 | 6.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117919 | XXXX | XXXX | PITIA Reserves Months | 12 | 59.97 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118037 | XXXX | XXXX | PITIA Reserves Months | 12 | 115.3 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118087 | XXXX | XXXX | PITIA Reserves Months | 9 | 65.63 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118051 | XXXX | XXXX | PITIA Reserves Months | 220 | 165.22 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118028 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.87 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | XXXX | PITIA Reserves Months | 12 | 27.99 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117859 | XXXX | XXXX | PITIA Reserves Months | 12 | 10.1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117981 | XXXX | XXXX | PITIA Reserves Months | 12 | 48.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | PITIA Reserves Months | 6 | 39.9 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | XXXX | PITIA Reserves Months | 9 | 21.69 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118008 | XXXX | XXXX | PITIA Reserves Months | 12 | 31.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117915 | XXXX | XXXX | PITIA Reserves Months | 24 | 52.97 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | PITIA Reserves Months | 12 | 43.1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117891 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.53 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | XXXX | PITIA Reserves Months | 12 | 15.87 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117952 | XXXX | XXXX | PITIA Reserves Months | 50 | 54.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | XXXX | PITIA Reserves Months | 7 | 7.58 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | XXXX | PITIA Reserves Months | 12 | 36.68 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | PITIA Reserves Months | 12 | 140.44 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117908 | XXXX | XXXX | PITIA Reserves Months | 101 | 92.17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117939 | XXXX | XXXX | PITIA Reserves Months | 12 | 101.7 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117955 | XXXX | XXXX | PITIA Reserves Months | 6 | 53.32 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | PITIA Reserves Months | 9 | 75.93 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117911 | XXXX | XXXX | PITIA Reserves Months | 12 | 37.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | XXXX | PITIA Reserves Months | 12 | 92.97 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118034 | XXXX | XXXX | PITIA Reserves Months | 12 | 32.56 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117971 | XXXX | XXXX | PITIA Reserves Months | 9 | 23.68 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117912 | XXXX | XXXX | PITIA Reserves Months | 12 | 63.69 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118029 | XXXX | XXXX | PITIA Reserves Months | 6 | 57.76 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117898 | XXXX | XXXX | PITIA Reserves Months | 6 | 11.01 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118101 | XXXX | XXXX | PITIA Reserves Months | 9 | 77.63 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | PITIA Reserves Months | 9 | 21.7 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117948 | XXXX | XXXX | PITIA Reserves Months | 6 | 20.3 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | XXXX | PITIA Reserves Months | 6 | 5.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117924 | XXXX | XXXX | PITIA Reserves Months | 24 | 88.85 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | XXXX | PITIA Reserves Months | 21 | 24.85 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117907 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.08 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117925 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.69 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.27 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118054 | XXXX | XXXX | PITIA Reserves Months | 36 | 15.1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118036 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.8 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117945 | XXXX | XXXX | PITIA Reserves Months | 12 | 13.58 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117934 | XXXX | XXXX | PITIA Reserves Months | 6 | 19.23 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117927 | XXXX | XXXX | PITIA Reserves Months | 36 | 98.3 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | XXXX | PITIA Reserves Months | 9 | 31.82 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118119 | XXXX | XXXX | PITIA Reserves Months | 6 | 84.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118121 | XXXX | XXXX | PITIA Reserves Months | 6 | 38.41 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118117 | XXXX | XXXX | PITIA Reserves Months | 12 | 83.17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117921 | XXXX | XXXX | PITIA Reserves Months | 24 | 61.25 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117890 | XXXX | XXXX | PITIA Reserves Months | 9 | 84.14 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118041 | XXXX | XXXX | PITIA Reserves Months | 15 | 48.08 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117923 | XXXX | XXXX | PITIA Reserves Months | 12 | 129.98 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118118 | XXXX | XXXX | PITIA Reserves Months | 6 | 38.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118031 | XXXX | XXXX | PITIA Reserves Months | 6 | 9.9 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118014 | XXXX | XXXX | PITIA Reserves Months | 6 | 17.67 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117926 | XXXX | XXXX | PITIA Reserves Months | 12 | 14.12 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | XXXX | PITIA Reserves Months | 12 | 21.84 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118072 | XXXX | XXXX | PITIA Reserves Months | 9 | 13.89 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117969 | XXXX | XXXX | PITIA Reserves Months | 6 | 5.67 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118064 | XXXX | XXXX | PITIA Reserves Months | 9 | 234.77 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117909 | XXXX | XXXX | PITIA Reserves Months | 6 | 37.22 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117946 | XXXX | XXXX | PITIA Reserves Months | 6 | 167 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118015 | XXXX | XXXX | PITIA Reserves Months | 24 | 7.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | XXXX | PITIA Reserves Months | 6 | 14.99 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.05 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117922 | XXXX | XXXX | PITIA Reserves Months | 24 | 81.62 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118042 | XXXX | XXXX | PITIA Reserves Months | 6 | 80.09 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117928 | XXXX | XXXX | PITIA Reserves Months | 12 | 70.63 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | XXXX | PITIA Reserves Months | 6 | 9.63 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117941 | XXXX | XXXX | PITIA Reserves Months | 6 | 10.37 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | PITIA Reserves Months | 9 | 18.66 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118032 | XXXX | XXXX | PITIA Reserves Months | 6 | 10.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117935 | XXXX | XXXX | PITIA Reserves Months | 6 | 26.36 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | XXXX | PITIA Reserves Months | 5 | 2.92 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118025 | XXXX | XXXX | PITIA Reserves Months | 6 | 15.66 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117994 | XXXX | XXXX | PITIA Reserves Months | 12 | 17.58 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118091 | XXXX | XXXX | PITIA Reserves Months | 9 | 85.86 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118099 | XXXX | XXXX | PITIA Reserves Months | 9 | 12.27 | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118000 | XXXX | XXXX | PITIA Reserves Months | 6 | 47.91 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | PITIA Reserves Months | 6 | 139.96 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118003 | XXXX | XXXX | PITIA Reserves Months | 6 | 15.01 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | XXXX | PITIA Reserves Months | 12 | 23.84 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118044 | XXXX | XXXX | PITIA Reserves Months | 12 | 485.34 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118116 | XXXX | XXXX | PITIA Reserves Months | 6 | 18.45 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.63 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117973 | XXXX | XXXX | PITIA Reserves Months | 6 | 324.57 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117980 | XXXX | XXXX | PITIA Reserves Months | 6 | 12.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117999 | XXXX | XXXX | PITIA Reserves Months | 12 | 41.15 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117914 | XXXX | XXXX | PITIA Reserves Months | 9 | 12.13 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118048 | XXXX | XXXX | PITIA Reserves Months | 6 | 28.78 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | XXXX | PITIA Reserves Months | 6 | 25.24 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | XXXX | PITIA Reserves Months | 6 | 56.57 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117965 | XXXX | XXXX | PITIA Reserves Months | 24 | 190.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117846 | XXXX | XXXX | PITIA Reserves Months | 12 | 12.15 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | XXXX | PITIA Reserves Months | 12 | 118.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117995 | XXXX | XXXX | PITIA Reserves Months | 24 | 13.58 | Verified | Reserves Updated as per deal document. |
| XXXX | XXXX | XXXX | 4350118030 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.44 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | XXXX | PITIA Reserves Months | 12 | 46.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118045 | XXXX | XXXX | PITIA Reserves Months | 12 | 169.15 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118062 | XXXX | XXXX | PITIA Reserves Months | 9 | 504.83 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | PITIA Reserves Months | 9 | 505.23 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118110 | XXXX | XXXX | PITIA Reserves Months | 9 | 504.83 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117978 | XXXX | XXXX | PITIA Reserves Months | 12 | 6.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117857 | XXXX | XXXX | PITIA Reserves Months | 12 | 21.79 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117976 | XXXX | XXXX | PITIA Reserves Months | 6 | 10.83 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118079 | XXXX | XXXX | PITIA Reserves Months | 9 | 55.84 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117880 | XXXX | XXXX | PITIA Reserves Months | 6 | 9.27 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117962 | XXXX | XXXX | PITIA Reserves Months | 12 | 103.63 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118102 | XXXX | XXXX | PITIA Reserves Months | 9 | 134.49 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118114 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.12 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117910 | XXXX | XXXX | PITIA Reserves Months | 12 | 62.52 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117849 | XXXX | XXXX | PITIA Reserves Months | 24 | 8.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | XXXX | PITIA Reserves Months | 24 | 27.65 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117942 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.89 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117872 | XXXX | XXXX | PITIA Reserves Months | 6 | 26.22 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117904 | XXXX | XXXX | PITIA Reserves Months | 12 | 22.82 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118113 | XXXX | XXXX | PITIA Reserves Months | 35 | 21.47 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117835 | XXXX | XXXX | PITIA Reserves Months | 9 | 13.11 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117879 | XXXX | XXXX | PITIA Reserves Months | 12 | 87.36 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118021 | XXXX | XXXX | PITIA Reserves Months | 6 | 15.03 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | PITIA Reserves Months | 12 | 18.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117828 | XXXX | XXXX | PITIA Reserves Months | 6 | 25.95 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118107 | XXXX | XXXX | PITIA Reserves Months | 9 | 103.13 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | XXXX | PITIA Reserves Months | 6 | 65.96 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117843 | XXXX | XXXX | PITIA Reserves Months | 12 | 31.25 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117916 | XXXX | XXXX | PITIA Reserves Months | 8 | 6.74 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117933 | XXXX | XXXX | PITIA Reserves Months | 6 | 17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117861 | XXXX | XXXX | PITIA Reserves Months | 6 | 129.97 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | XXXX | PITIA Reserves Months | 6 | 9.53 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117932 | XXXX | XXXX | PITIA Reserves Months | 6 | 25.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117834 | XXXX | XXXX | PITIA Reserves Months | 6 | 13.43 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117936 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.78 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118112 | XXXX | XXXX | PITIA Reserves Months | 90 | 105.85 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117913 | XXXX | XXXX | PITIA Reserves Months | 6 | 83.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | XXXX | PITIA Reserves Months | 6 | 17.42 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117881 | XXXX | XXXX | PITIA Reserves Months | 24 | 353.29 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117897 | XXXX | XXXX | PITIA Reserves Months | 6 | 1168.81 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118061 | XXXX | XXXX | PITIA Reserves Months | 9 | 31.05 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118066 | XXXX | XXXX | PITIA Reserves Months | 9 | 40.71 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | XXXX | PITIA Reserves Months | 6 | 9.83 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | PITIA Reserves Months | 12 | 99.73 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118088 | XXXX | XXXX | PITIA Reserves Months | 9 | 75.05 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | XXXX | PITIA Reserves Months | 9 | 46.06 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117966 | XXXX | XXXX | PITIA Reserves Months | 12 | 9.92 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | XXXX | PITIA Reserves Months | 6 | 22.12 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117862 | XXXX | XXXX | PITIA Reserves Months | 6 | 40.99 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118024 | XXXX | XXXX | PITIA Reserves Months | 6 | 17.03 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118010 | XXXX | XXXX | PITIA Reserves Months | 6 | 21.02 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118026 | XXXX | XXXX | PITIA Reserves Months | 6 | 28.76 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118095 | XXXX | XXXX | PITIA Reserves Months | 9 | 178.11 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | XXXX | PITIA Reserves Months | 9 | 123.02 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118074 | XXXX | XXXX | PITIA Reserves Months | 9 | 36.04 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | XXXX | PITIA Reserves Months | 6 | 7 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | XXXX | PITIA Reserves Months | 9 | 23.19 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | PITIA Reserves Months | 12 | 65.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117954 | XXXX | XXXX | PITIA Reserves Months | 6 | 7.42 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117882 | XXXX | XXXX | PITIA Reserves Months | 9 | 38.56 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118106 | XXXX | XXXX | PITIA Reserves Months | 9 | 47.36 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | XXXX | PITIA Reserves Months | 9 | 21.4 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118075 | XXXX | XXXX | PITIA Reserves Months | 9 | 86.95 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | PITIA Reserves Months | 6 | 38.84 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117856 | XXXX | XXXX | PITIA Reserves Months | 12 | 26.67 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118007 | XXXX | XXXX | PITIA Reserves Months | 6 | 14.78 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | XXXX | PITIA Reserves Months | 24 | 268.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117877 | XXXX | XXXX | PITIA Reserves Months | 12 | 12.09 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118067 | XXXX | XXXX | PITIA Reserves Months | 9 | 37.81 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118012 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117956 | XXXX | XXXX | PITIA Reserves Months | 12 | 50.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | XXXX | PITIA Reserves Months | 24 | 29.49 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | XXXX | PITIA Reserves Months | 50 | 102.45 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117892 | XXXX | XXXX | PITIA Reserves Months | 12 | 109.73 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117860 | XXXX | XXXX | PITIA Reserves Months | 12 | 21.54 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118115 | XXXX | XXXX | PITIA Reserves Months | 6 | 68.48 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117888 | XXXX | XXXX | PITIA Reserves Months | 12 | 21.8 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117986 | XXXX | XXXX | PITIA Reserves Months | 6 | 9.5 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117979 | XXXX | XXXX | PITIA Reserves Months | 6 | 19.86 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117996 | XXXX | XXXX | PITIA Reserves Months | 16 | 15.87 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117866 | XXXX | XXXX | PITIA Reserves Months | 6 | 21.24 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | XXXX | PITIA Reserves Months | 30 | 10.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118055 | XXXX | XXXX | PITIA Reserves Months | 9 | 14.25 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | XXXX | PITIA Reserves Months | 9 | 36.86 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118002 | XXXX | XXXX | PITIA Reserves Months | 12 | 27.66 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117959 | XXXX | XXXX | PITIA Reserves Months | 6 | 25.07 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118043 | XXXX | XXXX | PITIA Reserves Months | 6 | 19.22 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.73 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117884 | XXXX | XXXX | PITIA Reserves Months | 150 | 206.66 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117830 | XXXX | XXXX | PITIA Reserves Months | 6 | 24.03 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117894 | XXXX | XXXX | PITIA Reserves Months | 6 | 209.73 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | XXXX | PITIA Reserves Months | 12 | 13.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117847 | XXXX | XXXX | PITIA Reserves Months | 6 | 95.65 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117858 | XXXX | XXXX | PITIA Reserves Months | 12 | 40.78 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | XXXX | PITIA Reserves Months | 6 | 118.35 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118103 | XXXX | XXXX | PITIA Reserves Months | 9 | 46.17 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118069 | XXXX | XXXX | PITIA Reserves Months | 9 | 15.79 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117865 | XXXX | XXXX | PITIA Reserves Months | 12 | 112.85 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117876 | XXXX | XXXX | PITIA Reserves Months | 12 | 50.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | XXXX | PITIA Reserves Months | 12 | 97.99 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118068 | XXXX | XXXX | PITIA Reserves Months | 9 | 13.46 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118056 | XXXX | XXXX | PITIA Reserves Months | 9 | 20.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118058 | XXXX | XXXX | PITIA Reserves Months | 9 | 62.58 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118078 | XXXX | XXXX | PITIA Reserves Months | 9 | 62.58 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118063 | XXXX | XXXX | PITIA Reserves Months | 9 | 65.32 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | XXXX | PITIA Reserves Months | 18 | 17.68 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117844 | XXXX | XXXX | PITIA Reserves Months | 12 | 59.96 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117845 | XXXX | XXXX | PITIA Reserves Months | 6 | 23.16 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117990 | XXXX | XXXX | PITIA Reserves Months | 6 | 10.38 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117839 | XXXX | XXXX | PITIA Reserves Months | 12 | 377.4 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117893 | XXXX | XXXX | PITIA Reserves Months | 6 | 21.36 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | XXXX | PITIA Reserves Months | 6 | 10.85 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118086 | XXXX | XXXX | PITIA Reserves Months | 9 | 23.08 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | XXXX | PITIA Reserves Months | 6 | 105.45 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117929 | XXXX | XXXX | PITIA Reserves Months | 12 | 197.77 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117870 | XXXX | XXXX | PITIA Reserves Months | 12 | 97.62 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | PITIA Reserves Months | 50 | 55.84 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117964 | XXXX | XXXX | PITIA Reserves Months | 12 | 30.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | XXXX | PITIA Reserves Months | 21 | 40.7 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | XXXX | PITIA Reserves Months | 9 | 44.14 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118057 | XXXX | XXXX | PITIA Reserves Months | 9 | 25.02 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118081 | XXXX | XXXX | PITIA Reserves Months | 9 | 38.41 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117931 | XXXX | XXXX | PITIA Reserves Months | 6 | 116.74 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118083 | XXXX | XXXX | PITIA Reserves Months | 9 | 52.19 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118100 | XXXX | XXXX | PITIA Reserves Months | 9 | 14.62 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117968 | XXXX | XXXX | PITIA Reserves Months | 6 | 37.99 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117886 | XXXX | XXXX | PITIA Reserves Months | 12 | 53.57 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118065 | XXXX | XXXX | PITIA Reserves Months | 9 | 152.52 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118084 | XXXX | XXXX | PITIA Reserves Months | 9 | 47.84 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117930 | XXXX | XXXX | PITIA Reserves Months | 6 | 40.5 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | XXXX | PITIA Reserves Months | 9 | 29.79 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117985 | XXXX | XXXX | PITIA Reserves Months | 13 | 14.47 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117961 | XXXX | XXXX | PITIA Reserves Months | 12 | 256.78 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117957 | XXXX | XXXX | PITIA Reserves Months | 12 | 192.66 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117841 | XXXX | XXXX | PITIA Reserves Months | 24 | 52.23 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117953 | XXXX | XXXX | PITIA Reserves Months | 19 | 9.73 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118009 | XXXX | XXXX | PITIA Reserves Months | 6 | 103.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118120 | XXXX | XXXX | PITIA Reserves Months | 20 | 24.61 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | XXXX | PITIA Reserves Months | 9 | 71.85 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117869 | XXXX | XXXX | PITIA Reserves Months | 12 | 74.11 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117852 | XXXX | XXXX | PITIA Reserves Months | 12 | 50.52 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117874 | XXXX | XXXX | PITIA Reserves Months | 6 | 8.65 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117837 | XXXX | XXXX | PITIA Reserves Months | 102 | 75.72 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117867 | XXXX | XXXX | PITIA Reserves Months | 6 | 175.71 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117854 | XXXX | XXXX | PITIA Reserves Months | 6 | 173.77 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117868 | XXXX | XXXX | PITIA Reserves Months | 6 | 175.74 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117878 | XXXX | XXXX | PITIA Reserves Months | 6 | 175.85 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117871 | XXXX | XXXX | PITIA Reserves Months | 247 | 172.74 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117832 | XXXX | XXXX | PITIA Reserves Months | 6 | 9.04 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118005 | XXXX | XXXX | PITIA Reserves Months | 12 | 8.75 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118004 | XXXX | XXXX | PITIA Reserves Months | 6 | 63.94 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118092 | XXXX | XXXX | PITIA Reserves Months | 9 | 94.51 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118098 | XXXX | XXXX | PITIA Reserves Months | 9 | 20.05 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117853 | XXXX | XXXX | PITIA Reserves Months | 24 | 121.57 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117851 | XXXX | XXXX | PITIA Reserves Months | 6 | 54.21 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118077 | XXXX | XXXX | PITIA Reserves Months | 9 | 107.5 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118073 | XXXX | XXXX | PITIA Reserves Months | 9 | 80.91 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117873 | XXXX | XXXX | PITIA Reserves Months | 12 | 44.31 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117840 | XXXX | XXXX | PITIA Reserves Months | 6 | 109.1 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117836 | XXXX | XXXX | PITIA Reserves Months | 6 | 6.18 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117863 | XXXX | XXXX | PITIA Reserves Months | 12 | 26.29 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117833 | XXXX | XXXX | PITIA Reserves Months | 6 | 14.93 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117842 | XXXX | XXXX | PITIA Reserves Months | 12 | 28.71 | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118053 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117984 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 | 60 | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118037 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118051 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118028 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117859 | XXXX | XXXX | Prepayment Penalty Period (months) | 60 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117981 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Prepayment Penalty Period (months) | 24 | 12 | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118008 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117955 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117993 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118034 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117971 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118029 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118101 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117948 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118052 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117925 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117970 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118054 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118036 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117945 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117934 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118119 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118118 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118031 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118014 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117969 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117946 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118015 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117975 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118042 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117928 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117941 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118032 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118039 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118025 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117994 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118000 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118003 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 | 12 | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118044 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118116 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117980 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117999 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117914 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118048 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117965 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | NO Prepayment Penalty |
| XXXX | XXXX | XXXX | 4350117846 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118030 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118045 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117978 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117976 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117962 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118114 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117974 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117942 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117835 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118021 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117828 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117933 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117932 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117936 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118006 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117897 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118061 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117966 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118024 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118010 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118026 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | Prepayment Penalty Period (months) | 36 | 48 | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117954 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | Prepayment Penalty Period (months) | 12 | 24 | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117856 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118007 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | There is no prepayment penalty available |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118012 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117860 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118115 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117996 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117829 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118002 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117959 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118043 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117884 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117830 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117894 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118001 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | No Prepayment Penalty |
| XXXX | XXXX | XXXX | 4350117858 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118069 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | No PPP |
| XXXX | XXXX | XXXX | 4350117949 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350117844 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350117990 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117951 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117929 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117964 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117983 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118100 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117968 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117930 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117985 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117961 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117957 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117953 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118009 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117852 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117867 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117854 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117868 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117878 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117871 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118005 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350118004 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117836 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117833 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Field Value reflects 'PrePayment Penalty Period' per the Note |
| XXXX | XXXX | XXXX | 4350117842 | XXXX | XXXX | Prepayment Penalty Period (months) | 1000 |  | Verified | Unable to verify due to missing information |
| XXXX | XXXX | XXXX | 4350118053 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117901 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118033 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118040 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117943 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117919 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117967 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118023 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117911 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118041 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118118 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118031 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117926 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118064 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118050 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117922 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117928 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117935 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118000 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118044 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117999 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118048 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117987 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117920 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118045 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117976 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117962 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118102 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117910 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117849 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118113 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117835 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117828 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118107 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117843 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117933 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117913 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118093 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118106 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118108 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118075 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117956 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117986 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117866 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118043 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117894 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117844 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117845 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118086 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117870 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117886 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350117930 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117841 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118120 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117982 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117852 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117874 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117837 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118098 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117840 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Alternate format, not a true discrepancy |
| XXXX | XXXX | XXXX | 4350117863 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117833 | XXXX | XXXX | Product Description | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | Property Type | PUD | Single Family Detached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118049 | XXXX | XXXX | Property Type | PUD | Single Family Detached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118008 | XXXX | XXXX | Property Type | 2 Family | 3 Family | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117908 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117912 | XXXX | XXXX | Property Type | Condo | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117898 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117927 | XXXX | XXXX | Property Type | Condotel | Condo (Low Rise) | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117890 | XXXX | XXXX | Property Type | PUD | Single Family Detached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118032 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | Property Type | Single Family Detached | 2 Family | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118062 | XXXX | XXXX | Property Type | Single Family Detached | Single Family Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Property Type | Single Family Detached | Single Family Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118110 | XXXX | XXXX | Property Type | Single Family Detached | Single Family Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117857 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117835 | XXXX | XXXX | Property Type | Single Family Detached | 2 Family | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118021 | XXXX | XXXX | Property Type | PUD | Single Family Detached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117936 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117913 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117856 | XXXX | XXXX | Property Type | 4 Family | 3 Family | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117959 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118056 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118058 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118078 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118081 | XXXX | XXXX | Property Type | Single Family Detached | Single Family Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117867 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117854 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117868 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350117878 | XXXX | XXXX | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118124 | XXXX | XXXX | Property Type | Single Family Detached | Condo (Low Rise) | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118132 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118136 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118131 | XXXX | XXXX | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| XXXX | XXXX | XXXX | 4350118070 | 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 | 4350117943 | 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 | 4350117875 | 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 | 4350117834 | 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 | 4350117883 | 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 | 4350117991 | 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 | 4350118120 | 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 | 4350118124 | XXXX | XXXX | Refi Purpose |  | Cash-out - Other | 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 | 4350118128 | XXXX | XXXX | Refi Purpose |  | 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 | 4350118070 | XXXX | XXXX | Representative FICO | 709 | 758 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350118076 | XXXX | XXXX | Representative FICO | 709 | 758 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117855 | XXXX | XXXX | Representative FICO | 786 | 783 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | XXXX | Representative FICO | 795 | 792 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117919 | XXXX | XXXX | Representative FICO | 775 | 776 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | XXXX | Representative FICO | 692 | 694 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117940 | XXXX | XXXX | Representative FICO | 701 | 687 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350118118 | XXXX | XXXX | Representative FICO | 691 | 764 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117909 | XXXX | XXXX | Representative FICO | 0 |  | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350118099 | XXXX | XXXX | Representative FICO | 763 | 746 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117995 | XXXX | XXXX | Representative FICO | 680 | 671 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | XXXX | Representative FICO | 761 | 758 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117966 | XXXX | XXXX | Representative FICO | 794 | 791 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117885 | XXXX | XXXX | Representative FICO | 696 | 706 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | XXXX | Representative FICO | 730 | 729 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | XXXX | Representative FICO | 720 | 670 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117893 | XXXX | XXXX | Representative FICO | 0 | 681 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117989 | XXXX | XXXX | Representative FICO | 700 | 708 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117833 | XXXX | XXXX | Representative FICO | 743 | 758 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117842 | XXXX | XXXX | Representative FICO | 759 | 764 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350117921 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350117872 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350117933 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350117958 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350118112 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350118046 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350117979 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350118124 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350118134 | XXXX | XXXX | Street | XXXX | XXXX | Verified | Field Value reflects Street per Note |
| XXXX | XXXX | XXXX | 4350118053 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117906 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117984 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118070 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118076 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117902 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118020 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118096 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118016 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117943 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118049 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117917 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118037 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118087 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117859 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117981 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118038 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118008 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117915 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118013 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117960 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118011 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117944 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117939 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117955 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118105 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117911 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117971 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118101 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118089 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117992 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117925 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118104 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Its Refinance. |
| XXXX | XXXX | XXXX | 4350117921 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117926 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117875 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118072 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117946 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118015 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118042 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117928 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118111 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118032 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117935 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118091 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118000 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118122 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118003 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117997 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118047 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117999 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117988 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117950 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117965 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118062 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118090 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118110 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117976 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118079 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117962 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Verified from 1008 and Final Closing disclosure document |
| XXXX | XXXX | XXXX | 4350118102 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118114 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117849 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117872 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117904 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117879 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117963 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117828 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118107 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117938 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117843 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117834 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118112 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118066 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118035 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117899 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118088 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117918 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118024 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118026 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118095 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118109 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117838 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117883 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117882 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118106 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117991 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117877 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118067 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117956 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117977 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117831 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117892 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117860 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117986 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118059 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118002 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118043 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117972 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117830 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117894 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117847 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117848 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118103 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117895 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118068 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118056 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118058 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118078 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118063 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117896 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117929 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117870 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118082 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118081 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118100 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118071 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117985 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118009 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117869 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117852 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117867 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117854 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117868 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118004 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118098 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117853 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117851 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118077 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117840 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350117842 | XXXX | XXXX | Total Cash-out | XXXX | XXXX | Verified | Field value reflects source document |
| XXXX | XXXX | XXXX | 4350118027 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350118118 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350118097 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350118116 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350118103 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |
| XXXX | XXXX | XXXX | 4350118132 | XXXX | XXXX | Zip | XXXX | XXXX | Verified | Field Value reflects Zip per Note |

---

## Exhibit 99.6

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.6**

**EXECUTIVE SUMMARY**

**COLT 2025-12**

**By Clarifii LLC on December 4, 2025**

COLT 2025-12 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 10 loans (the "Loans") and these loans were subsequently acquired by Lone Star Residential Acquisitions, LLC (the "Client") for the COLT 2025-12 transaction. The loans referenced in this narrative report were reviewed 08/2025 through 11/2025 by Clarifii. This narrative report provides information 5about 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;2 | &nbsp;&nbsp;20.00% | &nbsp;&nbsp;$1484000.00 |
| &nbsp;&nbsp;Correspondent Flow with Delegated UW | &nbsp;&nbsp;3 | &nbsp;&nbsp;30.00% | &nbsp;&nbsp;$3120000.00 |
| &nbsp;&nbsp;Wholesale | &nbsp;&nbsp;5 | &nbsp;&nbsp;50.00% | &nbsp;&nbsp;$1230993.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**10** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$5834993.00** |

---

The Review consisted of a population of 10 loans, with an aggregate principal balance of $5,834,993.00.

**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 2025-12 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;Amortization Term |
| &nbsp;&nbsp;Amount of Other Lien |
| &nbsp;&nbsp;Application Date |
| &nbsp;&nbsp;Balloon Flag |
| &nbsp;&nbsp;Borrower 1 Any Outstanding Judgments? |
| &nbsp;&nbsp;Borrower 1 Any part of down payment borrowed? |
| &nbsp;&nbsp;Borrower 1 Bankruptcy in past 7 years? |
| &nbsp;&nbsp;Borrower 1 Birthdate |
| &nbsp;&nbsp;Borrower 1 Citizen |
| &nbsp;&nbsp;Borrower 1 Country Name |
| &nbsp;&nbsp;Borrower 1 Do you intend to occupy property as primary residence? |
| &nbsp;&nbsp;Borrower 1 Email or Internet |
| &nbsp;&nbsp;Borrower 1 Employer 1 Position |
| &nbsp;&nbsp;Borrower 1 Employer 1 Years in Line of Work |
| &nbsp;&nbsp;Borrower 1 Employer 2 Position |
| &nbsp;&nbsp;Borrower 1 Employer 2 Self-Employment Flag |
| &nbsp;&nbsp;Borrower 1 Ethnicity - I do not wish to provide this information |
| &nbsp;&nbsp;Borrower 1 Ethnicity - Not Hispanic or Latino |
| &nbsp;&nbsp;Borrower 1 Ethnicity Visual Observation or Surname |
| &nbsp;&nbsp;Borrower 1 First Name |
| &nbsp;&nbsp;Borrower 1 Foreclosure in past 7 years? |
| &nbsp;&nbsp;Borrower 1 Has there been ownership in a property in last 3 yrs |
| &nbsp;&nbsp;Borrower 1 How was title held? |
| &nbsp;&nbsp;Borrower 1 Last Name |
| &nbsp;&nbsp;Borrower 1 Marital Status |
| &nbsp;&nbsp;Borrower 1 Name of Employer1 |
| &nbsp;&nbsp;Borrower 1 Name of Employer 2 |
| &nbsp;&nbsp;Borrower 1 Race - I do not wish to provide this information |
| &nbsp;&nbsp;Borrower 1 Race - White |
| &nbsp;&nbsp;Borrower 1 Rent or Own |
| &nbsp;&nbsp;Borrower 1 Self-Employment Flag |
| &nbsp;&nbsp;Borrower 1 Sex - I do not wish to provide this information |
| &nbsp;&nbsp;Borrower 1 Sex - Male |
| &nbsp;&nbsp;Borrower 1 SSN |
| &nbsp;&nbsp;Borrower 1 Telephone Interview |
| &nbsp;&nbsp;Borrower 1 Years in Current Home |
| &nbsp;&nbsp;Borrower 2 First Name |

---

COLT 2025-12 Due Diligence Narrative Report – PagE \| 3

---

| |
|:---|
| &nbsp;&nbsp;Borrower 2 Last Name |
| &nbsp;&nbsp;Borrower 2 SSN |
| &nbsp;&nbsp;Calculated DSCR |
| &nbsp;&nbsp;FHA Streamline/VA IRRL Indicator |
| &nbsp;&nbsp;Interest Only Flag |
| &nbsp;&nbsp;Interest Rate |
| &nbsp;&nbsp;Investor Loan ID |
| &nbsp;&nbsp;Lien Position |
| &nbsp;&nbsp;Loan Amount |
| &nbsp;&nbsp;Loan ID |
| &nbsp;&nbsp;Loan Origination Company |
| &nbsp;&nbsp;Loan Origination Company NMLS |
| &nbsp;&nbsp;Loan Purpose |
| &nbsp;&nbsp;Loan Type |
| &nbsp;&nbsp;Negative Amortization Flag |
| &nbsp;&nbsp;Note Type |
| &nbsp;&nbsp;Number of Borrowers |
| &nbsp;&nbsp;Number of Mortgaged Properties |
| &nbsp;&nbsp;Number of Units |
| &nbsp;&nbsp;Occupancy |
| &nbsp;&nbsp;Prepayment Penalty Flag |
| &nbsp;&nbsp;Prepayment Penalty Total Term |
| &nbsp;&nbsp;Primary Appraised Property Value |
| &nbsp;&nbsp;Property Address |
| &nbsp;&nbsp;Property City |
| &nbsp;&nbsp;Property County |
| &nbsp;&nbsp;Property Rights |
| &nbsp;&nbsp;Property State |
| &nbsp;&nbsp;Property Type |
| &nbsp;&nbsp;Property Value |
| &nbsp;&nbsp;Property Zip Code |
| &nbsp;&nbsp;Qualifying CLTV |
| &nbsp;&nbsp;Qualifying LTV |
| &nbsp;&nbsp;Qualifying Total Debt Income Ratio |
| &nbsp;&nbsp;Refinance Type |
| &nbsp;&nbsp;Sales Price |
| &nbsp;&nbsp;Subject Property Gross Rental income |
| &nbsp;&nbsp;Term |
| &nbsp;&nbsp;ULI |

---

COLT 2025-12 Due Diligence Narrative Report – PagE \| 4

**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

COLT 2025-12 Due Diligence Narrative Report – PagE \| 5

– Number of tradelines

– Credit Score(s) and Qualifying Score Methodology

● **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

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

– Other documentation in loan file

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

● **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** 

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**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.

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

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

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

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

**Right of Rescission** 

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

**Qualified Mortgage and Ability to Repay**

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

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

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

**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.

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● **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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

– 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

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

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

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

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

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

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

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

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

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

● **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.

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

**ABILITY TO REPAY (ATR)**

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

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

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

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

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

**VALUATION REVIEW**

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

● **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.

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**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;6 |
| &nbsp;&nbsp;Desk Review | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;4 |
| &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.

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**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. |

---

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**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 Sample** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;4 | &nbsp;&nbsp;40.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;6 | &nbsp;&nbsp;60.00% |
| &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;**10** | &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;4 | &nbsp;&nbsp;40.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;6 | &nbsp;&nbsp;60.00% |
| &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;**10** | &nbsp;&nbsp;**100.00%** |

---

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**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;10 | &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;**10** | &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;10 | &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;**10** | &nbsp;&nbsp;**100.00%** |

---

**ADDITIONAL LOAN SUMMARY DETAILS**

**Amortization Type**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Amortization Type** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Fixed | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$5834993.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**10** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$5834993.00** |

---

**Occupancy**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Primary Residence | &nbsp;&nbsp;2 | &nbsp;&nbsp;20.00% | &nbsp;&nbsp;$2380000.00 |
| &nbsp;&nbsp;Second Home | &nbsp;&nbsp;1 | &nbsp;&nbsp;10.00% | &nbsp;&nbsp;$784000.00 |
| &nbsp;&nbsp;Investment | &nbsp;&nbsp;7 | &nbsp;&nbsp;70.00% | &nbsp;&nbsp;$2670993.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**10** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$5834993.00** |

---

**Loan Purpose**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Loan Purpose** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;Refinance | &nbsp;&nbsp;6 | &nbsp;&nbsp;60.00% | &nbsp;&nbsp;$2542800.00 |
| &nbsp;&nbsp;Purchase | &nbsp;&nbsp;4 | &nbsp;&nbsp;40.00% | &nbsp;&nbsp;$3292193.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**10** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$5834993.00** |

---

COLT 2025-12 Due Diligence Narrative Report – PagE \| 17

**Lien Position**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Lien Position** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$5834993.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**10** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$5834993.00** |

---

**Original Term**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Original Term** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**% of Pool** | &nbsp;&nbsp;**Original Balance** |
| &nbsp;&nbsp;360 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$5834993.00 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**10** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$5834993.00** |

---

**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 Discrepancy** | &nbsp;&nbsp;**Total Times Compared** | &nbsp;&nbsp;**Accuracy %** |
| &nbsp;&nbsp;Amortization Term | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Amount of Other Lien | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Application Date | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Balloon Flag | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Any Outstanding Judgments? | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Any part of down payment borrowed? | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Bankruptcy in past 7 years? | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Birthdate | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Citizen | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Country Name | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Do you intend to occupy property as primary residence? | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Email or Internet | &nbsp;&nbsp;0 | &nbsp;&nbsp;3 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Employer 1 Position | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Employer 1 Years in Line of Work | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Employer 2 Position | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Employer 2 Self-Employment Flag | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Ethnicity - I do not wish to provide this information | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Ethnicity - Not Hispanic or Latino | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Ethnicity Visual Observation or Surname | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 First Name | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Foreclosure in past 7 years? | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |

---

COLT 2025-12 Due Diligence Narrative Report – PagE \| 18

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Borrower 1 Has there been ownership in a property in last 3 yrs | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 How was title held? | &nbsp;&nbsp;0 | &nbsp;&nbsp;4 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Last Name | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Marital Status | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Name of Employer1 | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Name of Employer 2 | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Race - I do not wish to provide this information | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Race - White | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Rent or Own | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Self-Employment Flag | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Sex - I do not wish to provide this information | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Sex - Male | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 SSN | &nbsp;&nbsp;1 | &nbsp;&nbsp;10 | &nbsp;&nbsp;90.00% |
| &nbsp;&nbsp;Borrower 1 Telephone Interview | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 1 Years in Current Home | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 2 First Name | &nbsp;&nbsp;0 | &nbsp;&nbsp;1 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 2 Last Name | &nbsp;&nbsp;0 | &nbsp;&nbsp;1 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Borrower 2 SSN | &nbsp;&nbsp;1 | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Calculated DSCR | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;FHA Streamline/VA IRRL Indicator | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Interest Only Flag | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Interest Rate | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Investor Loan ID | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan Amount | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan ID | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan Origination Company | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan Origination Company NMLS | &nbsp;&nbsp;0 | &nbsp;&nbsp;4 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Loan Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Negative Amortization Flag | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Note Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Number of Borrowers | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Number of Mortgaged Properties | &nbsp;&nbsp;1 | &nbsp;&nbsp;5 | &nbsp;&nbsp;80.00% |
| &nbsp;&nbsp;Number of Units | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Prepayment Penalty Flag | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Prepayment Penalty Total Term | &nbsp;&nbsp;0 | &nbsp;&nbsp;7 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Primary Appraised Property Value | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property Address | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property City | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property County | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |

---

COLT 2025-12 Due Diligence Narrative Report – PagE \| 19

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Property Rights | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property State | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;1 | &nbsp;&nbsp;6 | &nbsp;&nbsp;83.33% |
| &nbsp;&nbsp;Property Value | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Property Zip Code | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Qualifying CLTV | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Qualifying LTV | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Qualifying Total Debt Income Ratio | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Refinance Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Sales Price | &nbsp;&nbsp;0 | &nbsp;&nbsp;4 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Subject Property Gross Rental income | &nbsp;&nbsp;0 | &nbsp;&nbsp;1 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Term | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;ULI | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &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;1. Narrative Report/Executive Summary

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

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

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

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

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

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

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

&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.*

COLT 2025-12 Due Diligence Narrative Report – PagE \| 20

*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.*© 2025 Clarifii LLC. All rights reserved.

COLT 2025-12 Due Diligence Narrative Report – PagE \| 21

## Exhibit 99.7

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.7**

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Queue** | **Finding Code** | **Date Created** | **Date Modified** | **Finding Status** | **Event Level** | **Finding Category** | **Finding Sub Category** | **Finding Name** | **Finding Comments** | **Seller Comments** | **Resolution Comments** | **Reviewer Comp Factor** | **Originator Comp Factors** | **Finding Documents** | **Originator QM Status** | **Final Reviewed QM Status** | **Loan Amount** | **Property State** | **Occupancy** | **Loan Purpose** | **Refinance Purpose** | **Acknowledged / WaivedBy** | **Waiver in File?** | **Unique Finding ID** |
| XXXX | 4350118147 |  | XXXX C A | Closed | FCRE1194 | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Provide an exception to XXXX guidelines. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Counter-5% reduction was due to declining market. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. attached is a copy of the S5 matrix. there is no hit for cash out - XXXX unit property. - Seller-XXXX<br> Open-Audited LTV of 73.53% exceeds Guideline LTV of 70% Declining market requires 5% LTV reduction - Max Cash out for 2 unit = 7% - 5% Reduction = 65% LTV - Due Diligence Vendor-08/25/2025 | Ready for Review-Document Uploaded. - Seller-XXXX <br> Ready for Review-Document Uploaded. attached is a copy of the S5 matrix. there is no hit for cash out - XXXX unit property. - Seller-XXXX | Resolved-Provide an exception to XXXX guidelines. - Due Diligence Vendor-XXXX | Months Reserves exceed minimum required - XXXX months PITIA reserves; XXXX months reserves required.<br> Qualifying FICO score is at least XXXX points above minimum for program - Qualifying score XXXX; minimum score XXXX. |  | XXXX Matrix - no hit for XXXX unit property.pdf<br> XXXX-XXXX XXXX allows.pdf<br> XXXX Matrix.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX | 4350118147 |  | XXXX C A | Closed | FCRE1440 | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing history provided for both properties. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Counter-Please provide a XXXX month payment history for the subject and primary residence. - Due Diligence Vendor-XXXX <br> Ready for Review-see attachment on other cond - Seller-XXXX<br> Open-Housing History Does Not Meet Guideline Requirements- Missing XXXX months housing history for primary residence. Note appears b1 purchased primary pg XXXX XXXX and then is refi pg XXXX CD borrower refinance primary XXXX. For subject missing XXXX months most recent mortgage pay history. per final 1003 pdg XXXX borrower has a mortgage with XXXX XXXX. however title shows item #5 another mortgage which is part of XXXX Loan does not match with final cd. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX <br> Ready for Review-see attachment on other cond - Seller-XXXX | Resolved-Housing history provided for both properties. - Due Diligence Vendor-XXXX | Months Reserves exceed minimum required - XXXX months PITIA reserves; XXXX months reserves required.<br> Qualifying FICO score is at least XXXX points above minimum for program - Qualifying score XXXX; minimum score XXXX. |  | XXXX Payoff - XXXX.pdf<br> XXXX Payment-History.pdf<br> XXXX note.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX | 4350118147 |  | XXXX C A | Closed | FCRE1254 | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Title | Property Title Issue | Resolved-Received verification from Title, XXXX will be removed. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Property Title Issue - Schedule B1 item #5 reflects a mortgage which is XXXX Loan needs to be satisfied prior to closing. see SBB documents on pdf. XXXX & pdf XXXX. Final CD and final 1003 reflects mortgage paying of XXXX XXXX which does not match with the XXXX Loan. per 1008 this XXXX Loan is collateral to payoff XXXX properties. Unable to determine if XXXX and XXXX Loan are one in the same. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Received verification from Title, XXXX will be removed. - Due Diligence Vendor-XXXX | Months Reserves exceed minimum required - XXXX months PITIA reserves; XXXX months reserves required.<br> Qualifying FICO score is at least XXXX points above minimum for program - Qualifying score XXXX; minimum score XXXX. |  | XXXX letter.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX | 4350118147 |  | XXXX C A | Closed | FCRE0970 | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Received photo. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX<br> Open-Appraisal is missing photo of the one bathroom for Unit #1. Unit #1 photos start PDF XXXX. Additional findings may apply. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX | Resolved-Received photo. - Due Diligence Vendor-09/24/2025<br>| Months Reserves exceed minimum required - XXXX months PITIA reserves; XXXX months reserves required.<br> Qualifying FICO score is at least XXXX points above minimum for program - Qualifying score XXXX; minimum score XXXX. |  | Revised appraisal with bathroom photo - XXXX.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX |
| XXXX | 4350118144 | XXXX | XXXX D B A | Closed | FCRE1193 | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Originator provided a waiver for 55 DTI , applied to non material finding with comp factors - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. we will be selling this loan to XXXX... enclosed please find the exception to go to 55% DTI - Seller-XXXX <br> Counter-Received Ledger. Please provide Bank Statement reflecting deposits. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. management rental ledger - Seller-XXXX <br> Counter-Received new lease, however proof of rent receipt is required in order to use income per guidelines. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. LEASE - Seller-XXXX <br> Open-Audited DTI of 53.33% exceeds Guideline DTI of 50% The rental income was removed from the subject property as their is no lease and the property is vacant, which increased the DTI. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. we will be selling this loan to XXXX... enclosed please find the exception to go to 55% DTI - Seller-XXXX<br> Ready for Review-Document Uploaded. management rental ledger - Seller-XXXX<br> Ready for Review-Document Uploaded. LEASE - Seller-XXXX | Waived-Originator provided a waiver for 55 DTI , applied to non material finding with comp factors - Due Diligence Vendor-XXXX | Residual Income =/> 1.5 times $XXXX monthly residual income - Residual income is XXXX times minimum $XXXX monthly residual income<br> Verified employment history exceeds guidelines - Borrower has been self-employed since XXXX.<br> Qualifying FICO score is at least XXXX points above minimum for program - Score is XXXX and minimum allowed is XXXX | FICO XXXX points or more above requirement <br> Reserves XXXX+ months more than requirement <br> Residual Income $XXXXK or more<br> Minimal Consumer Debt | LeaseApartment XXXX.pdf<br> Ledger_ XXXX -.pdf<br> XXXX XXXX exception.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | XXXX |
| XXXX | 4350118144 | XXXX | XXXX D B A | Closed | FCRE7347 | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Subject property is vacant and no lease is being provided. - Due Diligence Vendor-XXXX <br> Ready for Review-per guidelines, a lease is only needed if the property is rented... appraisal shows the property as vacant - Seller-XXXX<br> Open-Missing Lease Agreement for subject property to support rental income used to offset subject payment. <br> - Due Diligence Vendor-XXXX | Ready for Review-per guidelines, a lease is only needed if the property is rented... appraisal shows the property as vacant - Seller-XXXX | Resolved-Subject property is vacant and no lease is being provided. - Due Diligence Vendor-XXXX | Residual Income =/> 1.5 times $XXXX monthly residual income - Residual income is XXXX times minimum $XXXX monthly residual income<br> Verified employment history exceeds guidelines - Borrower has been self-employed since XXXX.<br> Qualifying FICO score is at least XXXX points above minimum for program - Score is XXXX and minimum allowed is XXXX |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX |
| XXXX | 4350118144 | XXXX | XXXX D B A | Closed | FCRE1510 | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-The legal with the Mortgage Document (Deed of Trust) was provided. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. mortgage showing legal - Seller-XXXX<br> Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal Description. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. mortgage showing legal - Seller-XXXX | Resolved-The legal with the Mortgage Document (Deed of Trust) was provided. - Due Diligence Vendor-XXXX | Residual Income =/> 1.5 times $XXXX monthly residual income - Residual income is XXXX times minimum $XXXX monthly residual income<br> Verified employment history exceeds guidelines - Borrower has been self-employed since XXXX.<br> Qualifying FICO score is at least XXXX points above minimum for program - Score is XXXX and minimum allowed is XXXX |  | XXXX mtg showing legal.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX |
| XXXX | 4350118146 |  | XXXX B A | Closed | FCRE1492 | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-XXXX <br> Open-Cash Out Does Not Meet Guideline Requirements - Exception Approved for cash out for a Foreign National and Exception Approved for cash out on a XXXX Condo. Non-Material, Overlay with a pricing hit. - Due Diligence Vendor-XXXX |  | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-XXXX | Months Reserves exceed minimum required - XXXX months PITIA reserves; XXXX months reserves required.<br> LTV is less than guideline maximum - LTV 55.21 % max 75%. | Approved with XXXX to price |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 4350118145 |  | XXXX A |  |  | XXXX | XXXX |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other |  |  |  |
| XXXX | 4350118148 |  | XXXX A |  |  | XXXX | XXXX |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other |  |  |  |
| XXXX | 4350118142 | XXXX | XXXX C B A | Closed | FCRE8201 | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator provided a waiver for FM exposure over XXXX loans/XXXXmm Exception for single entity XXXX Exception for reserves not included as line item in budget, applied to non material finding with comp factors - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. exposure was showing on the standard exception form we had in our file - Seller-XXXX<br> Counter-Received Exception. Exception did not include exposure over 10 loans. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. our investor (XXXX) reviewed this full scenario and gave the exception to close as is - Seller-XXXX <br> Open-Exception for FM exposure over XXXX loans/XXXXmm<br> Exception for single entity XXXX<br> Exception for reserves not included as line item in budget - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. exposure was showing on the standard exception form we had in our file - Seller-XXXX <br> Ready for Review-Document Uploaded. our investor (XXXX) reviewed this full scenario and gave the exception to close as is - Seller-XXXX | Waived-Originator provided a waiver for XXXX exposure over XXXX loans/XXXXmm Exception for single entity XXXX Exception for reserves not included as line item in budget, applied to non material finding with comp factors - Due Diligence Vendor-XXXX | Qualifying FICO score is at least XXXX points above minimum for program - Score for grading is XXXX, guideline minimum is XXXX.<br> Months Reserves exceed minimum required - Qualifying reserves XXXX months, guidelines require XXXX months. <br> Qualifying DTI below maximum allowed - Calculated DTI is 7.32%, guideline maximum is 50%. | Fico XXXX points or more above requirement; Reserves XXXX+ months more than requirement; Long Term Employment (>XXXX years); Long Term Homeownership (>XXXXyears), Minimal consumer debt. | XXXX exception.pdf<br> NQM-Exception Request Form XXXX.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Purchase | NA | Originator Post-Close | No | XXXX |
| XXXX | 4350118142 | XXXX | XXXX C B A | Closed | FCRE0044 | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Received LOX for credit inquiries. - Due Diligence Vendor-XXXX<br> Ready for Review-Document Uploaded. inquiries explanation - Seller-XXXX<br> Open-LOX for credit inquiries is missing. Missing the letter of explanation for the credit inquiries. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. inquiries explanation - Seller-XXXX | Resolved-Received LOX for credit inquiries. - Due Diligence Vendor-XXXX | Qualifying FICO score is at least XXXX points above minimum for program - Score for grading is XXXX, guideline minimum is XXXX.<br> Months Reserves exceed minimum required - Qualifying reserves XXXX months, guidelines require XXXX months. <br> Qualifying DTI below maximum allowed - Calculated DTI is 7.32%, guideline maximum is 50%. |  | XXXX inq.pdf | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Purchase | NA | N/A | N/A | XXXX |
| XXXX | 4350118141 | XXXX | XXXX D B A | Closed | FCRE7497 | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received HOI for 3b - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. insurance for XXXX - Seller-XXXX<br> Open-Missing verification of insurance for property 3b on the final application. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. insurance for XXXX - Seller-XXXX | Resolved-Received HOI for 3b - Due Diligence Vendor-XXXX | Qualifying FICO score is at least XXXX points above minimum for program - credit score XXXX minimum XXXX.<br> LTV is less than guideline maximum - The calculated LTV is 51.09%, guideline max is 85. |  | XXXX XXXX insur.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 | 4350118141 | XXXX | XXXX D B A | Closed | FCRE1437 | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Waived-Borrower had one XXXX business since XXXX (joint 50/50 with his wife) and as of XXXX, he became 50/50 partners with his brother in another XXXX business (a business which existed for XXXX years already and shifted most of his focus to the new business. Borrower was unofficially involved in his brother's business for a few years as he had his own experience with the XXXX business but only officially became partner in XXXX. Can we use this new business for the bank statement loan since it is under a year? Even if we average the XXXX months of statements borrower is owner of new business over XXXX months (or use the first XXXX months from his previous business mixed in with the XXXX months from new business), borrower will qualify with a 50% expense ratio. Condition non-material with comp factors. - Due Diligence Vendor-XXXX<br> Open-Income and Employment Do Not Meet Guidelines <br> - Due Diligence Vendor-XXXX |  | Waived-Borrower had one XXXX business since XXXX (joint 50/50 with his wife) and as of XXXX, he became 50/50 partners with his brother in another XXXX business (a business which existed for XXXX years already and shifted most of his focus to the new business. Borrower was unofficially involved in his brother's business for a few years as he had his own experience with the XXXX business but only officially became partner in XXXX. Can we use this new business for the bank statement loan since it is under a year? Even if we average the XXXX months of statements borrower is owner of new business over XXXX months (or use the first XXXX months from his previous business mixed in with the XXXX months from new business), borrower will qualify with a 50% expense ratio. Condition non-material with comp factors. - Due Diligence Vendor-XXXX | Qualifying FICO score is at least XXXX points above minimum for program - credit score XXXX minimum XXXX.<br> LTV is less than guideline maximum - The calculated LTV is 51.09%, guideline max is 85. | LTV 10% or more under requirement, Long term employment, loan term home ownership. |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 4350118143 | XXXX | XXXX C B A | Closed | FCRE8201 | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted, waiver applied with comp factors.<br> Deemed non-material due to self employed with entity sinceXXXX. Business itself exists XXXX years. Using XXXX months income to qualify averaged over XXXX months. Borrower's prior business is same line of business for XXXX years. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. enclosed please find the exceptions from XXXX and from XXXX (our investor we are selling the loan to) - Seller-XXXX<br> Open-Loan Exception for borrower is self-employed with entity used to qualify under XXXX months. Business itself exits XXXX years, Using XXXX months to qualify averaged over XXXX months. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. enclosed please find the exceptions from XXXX and from XXXX (our investor we are selling the loan to) - Seller-XXXX | Waived-Originator exception granted, waiver applied with comp factors.<br> Deemed non-material due to self employed with entity since XXXX. Business itself exists XXXX years. Using XXXX months income to qualify averaged over XXXX months. Borrower's prior business is same line of business for XXXX years. - Due Diligence Vendor-XXXX | Months Reserves exceed minimum required - Qualifying reserves is XXXX months, guidelines require XXXX months. <br> Qualifying FICO score is at least XXXX points above minimum for program - Qualifying credit score is XXXX, guidelines require XXXX |  | XXXX XXXX exception.pdf<br> XXXX XXXX exception.pdf | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Second Home | Purchase | NA | Originator Post-Close | Yes | XXXX |
| XXXX | 4350118149 | XXXX | XXXX A |  |  | XXXX | XXXX |  | A |  |  |  |  |  |  |  |  |  | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Purchase | NA |  |  | XXXX |
| XXXX | 4350118150 | XXXX | XXXX C B A | Closed | FCRE8201 | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted to allow Primary Home title held in LLC, Non-material waiver applied with comp factors. non-material due to LTV - Due Diligence Vendor-XXXX<br> Open-Exception for primary residence vesting in LLC - Due Diligence Vendor-XXXX |  | Waived-Originator exception granted to allow Primary Home title held in LLC, Non-material waiver applied with comp factors. non-material due to LTV - Due Diligence Vendor-XXXX | Qualifying DTI below maximum allowed - Required is XXXX Borrower has XXXX Required is XXXX Borrower has XXXX<br> Qualifying FICO score is at least XXXX points above minimum for program - Required is XXXX Borrower has XXXX Required is XXXX Borrower has XXXX<br> LTV is less than guideline maximum - Required is 85 Borrower has 70 Required is 85 Borrower has 70 |  |  | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX |

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## Exhibit 99.8

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.8**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Original Loan Amount** |
| XXXX | 4350118147 |  | XXXX | XXXX C A |
| XXXX | 4350118144 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118146 |  | XXXX | XXXX B A |
| XXXX | 4350118145 |  | XXXX | XXXX A |
| XXXX | 4350118148 |  | XXXX | XXXX A |
| XXXX | 4350118142 | XXXX | XXXX | XXXX C A B |
| XXXX | 4350118141 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118143 | XXXX | XXXX | XXXX C A B |
| XXXX | 4350118149 |  | XXXX | XXXX A |
| XXXX | 4350118150 | XXXX | XXXX | XXXX C A B |

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## Exhibit 99.9

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.9**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Transaction ID** | **Field Name** | **Source** | **Verified Value** | **Bid Tape Value** | **Comment** |
| XXXX | 4350118144 | XXXX | XXXX | XXXX | Number of Mortgaged Properties | creditLiabilitiesPage | XXXX | XXXX | XXXX |
| XXXX | 4350118146 |  | XXXX | XXXX | Borrower 1 SSN | the1003Page | XXXX | XXXX | XXXX |
| XXXX | 4350118146 |  | XXXX | XXXX | Borrower 2 SSN | the1003Page | XXXX | XXXX | XXXX |
| XXXX | 4350118149 |  | XXXX | XXXX | Property Type | propertyValuationPage | XXXX | XXXX | XXXX |

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## Exhibit 99.10

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.10**

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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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 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** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score Date** |
| XXXX | 4350118147 |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 73.53 | 73.53 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| XXXX | 4350118144 | XXXX | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 | XXXX |
| XXXX | 4350118146 |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 32.89 | 32.89 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350118145 |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350118148 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 74.9 | 74.9 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350118142 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX Eligible | 1 | XXXX |
| XXXX | 4350118141 | XXXX | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 51.09 | 51.09 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350118143 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350118149 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| XXXX | 4350118150 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | XXXX | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

## Exhibit 99.11

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.11**

![](ex9911001.jpg)

<br> **November 25, 2025**<br> **Due Diligence Narrative Report**<br>

![](ex9911002.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** | **9** |
| **Appendix B: Origination Appraisal Assessment** | **12** |
| **Appendix C: Regulatory Compliance Review Scope** | **14** |

---

COLT 2025-12 Due Diligence Narrative Report Page \| 1 November 25, 2025 <br>

![](ex9911002.jpg)

**Clayton Contact Information** 

Client Service Management:

---

| | | |
|:---|:---|:---|
| ![](ex9911003.jpg) | **Michael Santarsiere** | Client Service Director |
|  |  | Phone: (813) 371-0280/E-mail: <u>msantarsiere@clayton.com</u> |

---

---

| | | |
|:---|:---|:---|
| ![](ex9911003.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 7 residential loans.

Lone Star Residential Acquisitions, LLC subsequently purchased these loans via reliance letter and selected them for the COLT 2025-12 transaction. The loans referenced in this narrative report were reviewed on a flow loan basis between October and November of 2025. 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 | 7 | 100.00% |
| **Total** | **7** | **100.00%** |

---

COLT 2025-12 Due Diligence Narrative Report Page \| 2 November 25, 2025 <br>

![](ex9911002.jpg)

**Clayton's Third Party Review ("TPR") Scope of Work** 

---

| | |
|:---|:---|
| Review scope  | # of Files Reviewed |
| Credit Review | 7 |
| Property Valuation Review | 7 |
| Regulatory Compliance Review | 5 |
| Data Integrity Check | 7 |

---

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.

![](ex9911004.jpg)

COLT 2025-12 Due Diligence Narrative Report Page \| 3 November 25, 2025 <br>

![](ex9911002.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 7 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 (7 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Value
 Supported Analysis (7 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\*

● CU Score

● Desk Review

● 1025 Review

For further detail, please refer to the COLT 2025-12 valuation summary report.

COLT 2025-12 Due Diligence Narrative Report Page \| 4 November 25, 2025 <br>

![](ex9911002.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 2025-12 Due Diligence Narrative Report Page \| 5 November 25, 2025 <br>

![](ex9911002.jpg)

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 2025-12 Due Diligence Narrative Report Page \| 6 November 25, 2025 <br>

![](ex9911002.jpg)

Data Integrity

Clayton utilized its proprietary eCLAS tool to determine tape-to-file accuracy of 7 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 2 loans reviewed.

---

| | | |
|:---|:---|:---|
| **Field Name** | **# of Loans** | **# Accuracy** |
| Origination Date | 1 | 14.29% |
| Representative Credit Score for Grading | 1 | 14.29% |

---

COLT 2025-12 Due Diligence Narrative Report Page \| 7 November 25, 2025 <br>

![](ex9911002.jpg)

**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** | 5 |  |  | 1 | **6** |
| **Final** | **B** |  |  | 1 |  | **1** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **5** | **0** | **1** | **1** | **7** |

---

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 | 5 |  |  | 1 | **6** |
| **Final** | B |  |  | 1 |  | **1** |
| **Final** | C |  |  |  |  | **0** |
| **Final** | D |  |  |  |  | **0** |
| **Final** | **Total** | **5** | **0** | **1** | **1** | **7** |

---

**<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 | 7 |  |  |  | **7** |
| **Final** | B |  |  |  |  | **0** |
| **Final** | C |  |  |  |  | **0** |
| **Final** | D |  |  |  |  | **0** |
| **Final** | **Total** | **7** | **0** | **0** | **0** | **7** |

---

COLT 2025-12 Due Diligence Narrative Report Page \| 8 November 25, 2025 <br>

![](ex9911002.jpg)

**<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 | 5 |  |  |  | **5** |
| **Final** | B |  |  |  |  | **0** |
| **Final** | C |  |  |  |  | **0** |
| **Final** | D |  |  |  |  | **0** |
| **Final** | **Total** | **5** | **0** | **0** | **0** | **5** |

---

\*Compliance results may not tie to total loan count based on business entity loans not being subject to a regulatory compliance review (2 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

**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

COLT 2025-12 Due Diligence Narrative Report Page \| 9 November 25, 2025 <br>

![](ex9911002.jpg)

– 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

&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

COLT 2025-12 Due Diligence Narrative Report Page \| 10 November 25, 2025 <br>

![](ex9911002.jpg)

– 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

&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.

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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

**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

○ 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

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– 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.

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

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○ 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.

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.

**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

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○ 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")

&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.

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● 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.

● 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.

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● 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** 

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 |

---

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---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**State/Local High Cost** | &nbsp;&nbsp;**State/Local High Cost** | &nbsp;&nbsp;**State/Local High Cost** |
| &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 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 |

---

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---

| | |
|:---|:---|
| &nbsp;&nbsp;**Consumer Protection** | &nbsp;&nbsp;**Consumer Protection** |
| &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.

**<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.© 2025 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 2025-12 Due Diligence Narrative Report Page \| 19 November 25, 2025 <br>

## Exhibit 99.12

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.12**

---

| | |
|:---|:---|
| **Client Name:** | **Hudson Advisors** |
| **Client Project Name:** | **COLT 2025-12** |
| **Start - End Dates:** | **10/20/2025 - 11/10/2025** |
| **Deal Loan Count:** | **7** |
| **Conditions Report 2.0** | **Conditions Report 2.0** |
| ***Loans in Report:*** | *7* |
| ***Loans with Conditions:*** | *2* |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Deal ID** | **Loan Number** | **Lender Application Date** | **Broker Application Date** | **Initial Securitization Loan Compliance Grade** | **Final Securitization Loan Compliance Grade** | **Initial S&P Loan Compliance Grade** | **Final S&P Loan Compliance Grade** | **Did Lender Acknowledge Exception at Origination** |
| 4350118153 | XXXX | XXXX | XXXX A | N/A | N/A | N/A | N/A | No |
| 4350118156 | XXXX | XXXX | XXXX A | A | A | A | A | Not Applicable |
| 4350118154 | XXXX | XXXX | XXXX A | N/A | N/A | N/A | N/A | Not Applicable |
| 4350118155 | XXXX | XXXX | XXXX A | A | A | A | A | Not Applicable |
| 4350118152 | XXXX | XXXX | XXXX D A | A | A D | A | A | Not Applicable |
| 4350118151 | XXXX | XXXX | XXXX A | A | A | A | A | Not Applicable |
| 4350118157 | XXXX | XXXX | XXXX C B A | A | A C B | A | A | Not Applicable |

---

## Exhibit 99.13

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.13**

---

| | |
|:---|:---|
| **Client Name:** | **Hudson Advisors** |
| **Client Project Name:** | **COLT 2025-12** |
| **Start - End Dates:** | **10/20/2025 - 11/10/2025** |
| **Deal Loan Count:** | **7** |
| **Conditions Report 2.0** | **Conditions Report 2.0** |
| ***Loans in Report:*** | *7* |
| ***Loans with Conditions:*** | *2* |

---

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Deal ID** | **Loan Number** | **Original Principal Balance** | **State** | **Initial Lender ATR/QM Status** | **Loan Level ATR/QM Status** | **Initial Securitization Compliance Loan Grade** | **Final Securitization Compliance Loan Grade** | **Initial S&P Compliance Loan Grade** | **Final S&P Compliance Loan Grade** | **Condition Category** | **ConditionSub Category** | **Condition Status** | **Condition Code** | **Condition Description** | **Condition Material Indicator** | **Initial Comments** | **Client/Seller Response Comments** | **Conclusion Comments** | **TRID Error Type** | **Cure Method** | **Compensating Factors** |
| 4350118153 | XXXX | XXXX | XXXX | (No Data) | ATR/QM: Exempt | N/A | N/A | N/A | N/A |  |  |  |  |  |  |  |  |  |  |  | XXXX: Credit score exceeds guidelines<br> - XXXX Comments: XXXX Credit score exceeds guidelines of 660.<br>XXXX: Significant time at current residence<br> - XXXX Comments: Significant time at current residence, XXXX years , 6 months.<br>XXXX: Verified cash reserves exceed guidelines<br> - XXXX Comments: Post closing reserves $XXXX or XXXX months PITIA exceed the guideline amount of 3 months x $XXXX = $XXXX required. |
| 4350118156 | XXXX | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A |  |  |  |  |  |  |  |  |  |  |  | XXXX: Verified cash reserves exceed guidelines<br> - XXXX Comments: Post close assets are$2XXXX or XXXX months PITI. Required PITI reserves are 3 x $XXXX = $XXXX |
| 4350118154 | XXXX | XXXX | XXXX | (No Data) | ATR/QM: Exempt | N/A | N/A | N/A | N/A |  |  |  |  |  |  |  |  |  |  |  | XXXX: Credit score exceeds guidelines<br> - XXXX Comments: Median FICO XXXX is greater than guideline minimum 660.<br>XXXX: Consumer credit history exceeds guidelines<br> - XXXX Comments: Borrower has XXXX months positive consumer payment history meeting 12 month guideline requirement. |
| 4350118155 | XXXX | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A |  |  |  |  |  |  |  |  |  |  |  | XXXX: Credit score exceeds guidelines<br> - XXXX Comments: Median FICO XXXX exceeds guideline minimum 680.<br>XXXX: Positive mortgage payment history<br> - XXXX Comments: Borrower has XXXX months positive mortgage payment history meeting 12 month guideline requirement.<br>XXXX: Verified cash reserves exceed guidelines<br> - XXXX Comments: Post close assets $XXXX or XXXX months PITI meeting 3 months reserve requirement. ($XXXX x 3 = $XXXX). |
| 4350118152 | XXXX | XXXX | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors D | A | A D | A | A | Credit | Income/Employment | Satisfied D A | XXXX | Income Documentation Missing | No | Missing XXXX months business bank statements worksheet, breaking down by month by month including any amounts excluded. Worksheet in file is a lump sum worksheet. | 11/10/25 - Lender provided a XXXX month history of bank transactions | XXXX - Exception satisfied. | (No Data) | Not Applicable | XXXX: Verified cash reserves exceed guidelines<br> - XXXX Comments: Post close assets are $XXXX or XXXX months PITIA. Required PITIA reserves are 3 x $XXXX = $XXXX<br>XXXX: Credit score exceeds guidelines<br> - XXXX Comments: Credit score XXXX is above 660<br>XXXX: DTI below guideline requirement<br> - XXXX Comments: DTI XXXX% is below 50% |
| 4350118151 | XXXX | XXXX | XXXX | (No Data) | ATR/QM: Exempt | A | A | A | A |  |  |  |  |  |  |  |  |  |  |  | XXXX: Significant time at current residence<br> - XXXX Comments: Borrower has lived at current residence for XXXX years and XXXX months.<br>XXXX: Credit score exceeds guidelines<br> - XXXX Comments: Median FICO XXXX is greater than guideline minimum 720 for XXXX% financing.<br>XXXX: Positive mortgage payment history<br> - XXXX Comments: Borrower has XXXX positive mortgage payment history meeting 12 month guideline requirement. |
| 4350118157 | XXXX | XXXX | XXXX | (No Data) | ATR/QM: Exempt C B | A | A C B | A | A | Credit | Terms/Guidelines | Waived C B | XXXX | Loan documents do not meet guideline requirements | No | Arm's length transaction for non-owner occupied (DSCR) type transaction. Lender Exception in file.XXXX - Upon further review we find the following compensating factors: 1- 3 months reserves required, borrower has XXXX months, 2 - Positive payment history for XXXX months no lates on the mortgage, 3- Credit score exceeds guidelines XXXX when the minimum is 680, 4 - Consumer credit exceeds guidelines - XXXX months of good history. | (No Data) | Exception deemed a non-material B | (No Data) | Not Applicable | XXXX: Verified cash reserves exceed guidelines<br> - XXXX Comments: Post close assets are $XXXX or 16 months PITI. Required reserves are 3 x $XXXX = $XXXX<br>XXXX: Credit score exceeds guidelines<br> - XXXX Comments: Credit score XXXX is higher than 680<br>XXXX: Positive mortgage payment history<br> - XXXX Comments: Borrower has XXXX months positive mortgage payment history.<br>XXXX: Consumer credit history exceeds guidelines<br> - XXXX Comments: Borrower has XXXX months positive consumer payment history. |

---

## Exhibit 99.14

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.14**

---

| | |
|:---|:---|
| **Client Name:** | Hudson Advisors |
| **Client Project Name:** | COLT 2025-12 |
| **Start - End Dates:** | 10/20/2025 - 11/10/2025 |
| **Deal Loan Count:** | 7 |
| **Valuations Summary** |  |
| *Loans in Report:* | *7* |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **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 (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS Information** |
| **Deal ID** | **Loan Number** | **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** | **Report Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Other - Valuation Type** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **CU / LCA Score** |
| 4350118153 | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | (No Data) |
| 4350118156 | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | XXXX |  |  | Not Applicable |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | (No Data) |
| 4350118154 | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | (No Data) |
| 4350118155 | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | (No Data) |
| 4350118152 | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | (No Data) |
| 4350118151 | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | (No Data) |
| 4350118157 | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 SFR (Mar 05) |  |  |  | XXXX |  |  | Not Applicable |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | (No Data) |

---

## Exhibit 99.15

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.15**

---

| | |
|:---|:---|
| **Client Name:** | Hudson Advisors |
| **Client Project Name:** | COLT 2025-12 |
| **Start - End Dates:** | 10/20/2025 - 11/10/2025 |
| **Deal Loan Count:** | 7 |
| **Loan Level Tape Compare Upload** | **Loan Level Tape Compare Upload** |
| *Loans in Report* | *7* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Deal ID** | **Loan Number** | **Borrower Last Name** | **Field Name** | **Tape Data** | **Reviewer Data** |
| 4350118156 | XXXX | XXXX | Origination Date | XXXX | XXXX |
| 4350118154 | XXXX | XXXX | Representative Credit Score for Grading | XXXX | XXXX |

---

©2025 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

## Exhibit 99.16

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.16**

---

| | |
|:---|:---|
| ![](ex9916001.jpg) | 1 MacArthur Place - Suite 100<br> Santa Ana, CA 92707<br> 800.320.9490<br> ConsolidatedAnalytics.com |

---

**EXECUTIVE SUMMARY**

Third Party Due Diligence Review

**December 3, 2025**

***COLT 2025-12***

Overview

Consolidated Analytics, Inc. a third-party due diligence provider, performed the review described below on behalf of its client, Lone Star Residential Acquisitions, LLC. The review included a total of 6 business purpose, residential mortgage loans, in connection with the securitization identified as COLT 2025-12 (the "Securitization"). The review began on August of 2025, and concluded November of 2025

Scope of Review

**Credit Review** 

Consolidated Analytics performed a "Credit Review" to assess conformity 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)** **Credit Documentation:** A review of the documentation underlying the credit decision was performed
to determine sufficiency for consideration in the Credit Review. The Credit Documentation review consisted of the following:

○ **Loan Application:** Complete loan application is present in the loan file for all borrowers/guarantors,

○ **Credit Report:** Credit Report in file for all borrowers and meets guideline seasoning requirements and contains OFAC clearance

○ **Income Documentation / Lease Agreements:** Confirmation of the presence of income documentation in the loan file when required by lender or Client specified underwriting guidelines. For rental properties where existing leases are required to be verified, verify their presence and sufficiency for purpose based on underwriting guideline standards.

○ **Asset Documentation:** Confirmation of presence of asset documentation requirements relative to loan type and guideline requirements for verification of closing funds and reserves.

○ **Borrower/Guarantor Identification:** Verify that the file contains a copy of a government issued identification verification for each borrower (i.e. driver's license, state ID, passport)

○ **Insurance Certificate:** Verify that the loan file contains a copy of the hazard insurance certificate for the subject property and that flood insurance is also documented when required.

○ **Property Valuation:** Confirm the presence of a complete appraisal report and supporting secondary independent estimate of value

○ **Commercial Borrower Organizing Documentation:** Confirm the presence an Operating Agreement, Bylaws, related amendments and filings or other organizing and operating documentation relative to the commercial borrower entity.

○ **Articles of Incorporation/Certificate of Formation:** Confirm that each loan file contains a copy of the Articles of Incorporation establishing registration within the state of operation.

![](ex9916002.jpg)

---

| | |
|:---|:---|
| ![](ex9916001.jpg) | 1 MacArthur Place - Suite 100<br> Santa Ana, CA 92707<br> 800.320.9490<br> ConsolidatedAnalytics.com |

---

○ **Certificate of Good Standing:** Confirm that each borrowing entity is active in the state of registration by confirming the presence of a web print out or certification of good standing for the state is in the file.

○ **Borrower Authority / Consent of Members:** Confirm that the loan file contains evidence that the individual executing the loan agreements has been signing authority on behalf of the borrowing entity.

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Legal Documentation:** A review of the documentation required to secure the lender's
interest in the loan and the borrower(s)' obligations thereunder was conducted with the purpose of validating their presence
in the mortgage loan file and sufficiency of execution:

○ **Note/Loan Agreement/Security Instrument/Extension:** Verification of the presence of the note, loan agreement or security instrument as applicable and that the agreement is properly executed by all parties. Confirm that all applicable allonges or addenda to the note are evidenced in the loan file and duly executed by all responsible parties. If the subject loan has reached or is nearing maturity confirm that an extension agreement is present and duly executed by all required parties

○ **Mortgage/Deed of Trust/Assignment of Rents:** Verify that a mortgage or deed of trust is in file and is duly executed and notarized and that it contains all applicable riders including an assignment of rents.

○ **Power of Attorney:** If closing docs are executed by a POA confirm that the POA complies with all applicable underwriting and legal requirements including those for timing, form, authority and execution.

○ **Personal Guaranty:** Verify that the requisite individual ownership percentage of a commercial entity borrower as stipulated within Client or lender underwriting guidelines has provided a personal guaranty for the loan.

○ **Affidavit of Commercial Purpose/Occupancy Certification:** Verify that each file contains a borrower statement verifying that the loan is for commercial purpose and that the subject property will not be owner occupied.

○ **Title Policy:** Confirmation that the file contains evidence of title insurance and that the title is free from material defects that could affect lien position.

○ **Deed for Conveyance of Title:** Confirm that the applicable Grant or Warranty Deed is evidenced in the loan file and properly conveys interest in the subject property

○ **Purchase Contract:** If applicable, confirm the presence of a valid and executed Purchase and Sale Agreement along with any counter offers and modified terms of sale

○ **Settlement Statement:** As applicable based on loan type and origination date, confirm the presence of a final settlement statement in the mortgage loan file

&nbsp;&nbsp;&nbsp;&nbsp;**(c)** **Guidelines:** The underwriting guidelines as specified by Client served as the criteria under
which each loan qualification review took place. Qualification criteria includes:

○ **Borrower/Guarantor Eligibility:** Review each borrower to ensure that they meet eligibility requirements of underwriting guidelines

○ **Assets:** Validate that the mortgage loan file contains adequately qualified verification of assets to meet underwriting standards

○ **Debt-Service Coverage Ratios "DSCR":** Calculate the debt-service coverage ratio to ensure it meets minimum guideline standards

○ **Credit History:** Review the borrower credit reports and any supplemental credit history documentation to verify whether the borrower met guideline requirements.

![](ex9916002.jpg)

---

| | |
|:---|:---|
| ![](ex9916001.jpg) | 1 MacArthur Place - Suite 100<br> Santa Ana, CA 92707<br> 800.320.9490<br> ConsolidatedAnalytics.com |

---

○ **Credit Scores:** Review each borrower/guarantor credit report to validate that the credit score used in qualification is accurate and whether it meets minimum loan qualification and underwriting standards as specified in the underwriting guidelines.

○ **Occupancy:** Confirm that the occupancy of the subject property used for qualification of the loan is accurate and compliant with guideline requirements. Confirm that the borrower has executed an affidavit of commercial/business purpose and that no other documentation that shows the subject property might be a primary residence.

○ **Loan-to-Value Ratios:** Recalculate the Loan-to-Value Ratio utilizing the Purchase Contract, Property Valuations and/or Loan Agreements to determine whether initial, as-is and as-repaired LTV and CLTV meet loan qualification and underwriting guideline standards based on the calculation methods set forth in underwriting guidelines.

○ **Insurance:** Confirm the adequacy of hazard insurance coverage and that premiums are included in PITI calculations. If required based on flood **zone**, confirm the presence and adequacy of flood insurance coverage and that premiums are included in PITI calculations.

○ **Compensating Factors:** Review and validate any compensating factors used in the qualification of the loan and in consideration of loan level underwriting guideline exceptions.

○ **Letters of Explanation:** Confirm the presence of Letters of Explanation (LOX) where required per underwriting guidelines and that each such LOX adequately addresses the eligibility scenario under question.

○ **Exception Approvals:** Confirm that any exceptions to underwriting guidelines and/or investor guideline overlays were fully documented, properly approved, and supported.

○ **Misrepresentation / Fraud Review:** Validate that an independent third-party fraud report was obtained for each guarantor when required by underwriting guidelines and that red flags on third party fraud reports have been reviewed.

**Valuation Review**

Consolidated Analytics performed a "Valuation Review," which included the following:

&nbsp;&nbsp;&nbsp;&nbsp;a. Review the original appraisal and all additional property valuation documentation to determine
whether source, format and type meet program and guideline eligibility requirements.

&nbsp;&nbsp;&nbsp;&nbsp;b. Confirm that the property type is an eligible property type per program standards and underwriting
guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;c. Confirm as applicable that and independent supplemental third-party valuation was received and
is within allowable tolerance of the original qualifying value.

&nbsp;&nbsp;&nbsp;&nbsp;d. Assess rental income schedules.

&nbsp;&nbsp;&nbsp;&nbsp;e. Confirm that property standards conform to underwriting guidelines requirements.

&nbsp;&nbsp;&nbsp;&nbsp;f. Determine whether the property is completely constructed and the appraisal is on an "as is
basis," or property is identified as not completely constructed by originating appraiser.

&nbsp;&nbsp;&nbsp;&nbsp;g. Review and determine whether the appraisal was performed on appropriate form and whether the appraiser
indicated in the body of the conformity to USPAP standards.

&nbsp;&nbsp;&nbsp;&nbsp;h. Review property for functional obsolescence.

&nbsp;&nbsp;&nbsp;&nbsp;i. Where applicable, determine if the file did not contain the appraisal or other valuation method
and a review could not be performed.

![](ex9916002.jpg)

---

| | |
|:---|:---|
| ![](ex9916001.jpg) | 1 MacArthur Place - Suite 100<br> Santa Ana, CA 92707<br> 800.320.9490<br> ConsolidatedAnalytics.com |

---

Consolidated Analytics applied a cascade methodology to determine if the original appraised value total was reasonably supported when compared to an independent third-party valuation product. For loans reviewed in a post-close valuation review (6 loans consisting of 6 individual properties), the origination value was based the following products:

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Primary Valuation Product** | &nbsp;&nbsp;**Count** |
| &nbsp;&nbsp;1004 | &nbsp;&nbsp;5 |
| &nbsp;&nbsp;1025 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;**Totals:** | &nbsp;&nbsp;**6** |

---

5 properties were supported by a Desk Review, while 1 property had a CU score of 2.5 or less.

In summary the final secondary property valuation by product is as follows:

---

| | |
|:---|:---|
| **Secondary Valuation Product** | &nbsp;&nbsp;**Count** |
| Desk Review | &nbsp;&nbsp;5 |
| CU Score of 2.5 or less | &nbsp;&nbsp;1 |
| **Totals:** | &nbsp;&nbsp;**6** |

---

Loan level Valuation Grades are based on the cumulative total of origination appraised values for an individual loan compared to the cumulative total of the secondary valuation products. Loans where the cumulative secondary valuation had a negative variance equal to or greater than 10% of the origination appraised value total were provided a Valuation Grade of "C".

Of the 6 loans reviewed, 6 are single property loans.

![](ex9916002.jpg)

---

| | |
|:---|:---|
| ![](ex9916001.jpg) | 1 MacArthur Place - Suite 100<br> Santa Ana, CA 92707<br> 800.320.9490<br> ConsolidatedAnalytics.com |

---

Summary of Results

**Final Loan Grades**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Overall Grades** |  |  |  |
| &nbsp;&nbsp;Grade | &nbsp;&nbsp;Number of Mortgage Loans | &nbsp;&nbsp;% of Mortgage Loans <br> (by loan count) | &nbsp;&nbsp;Original Principal Balance |
| &nbsp;&nbsp;A | &nbsp;&nbsp;3 | &nbsp;&nbsp;50.00% | &nbsp;&nbsp;$2162500.00 |
| &nbsp;&nbsp;B | &nbsp;&nbsp;3 | &nbsp;&nbsp;50.00% | &nbsp;&nbsp;$901125.00 |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;$- |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;$- |
| &nbsp;&nbsp;**Credit Grades** |  |  |  |
| &nbsp;&nbsp;Grade | &nbsp;&nbsp;Number of Mortgage Loans | &nbsp;&nbsp;% of Mortgage Loans <br> (by loan count) | &nbsp;&nbsp;Original Principal Balance |
| &nbsp;&nbsp;A | &nbsp;&nbsp;3 | &nbsp;&nbsp;50.00% | &nbsp;&nbsp; $2162500.00 |
| &nbsp;&nbsp;B | &nbsp;&nbsp;3 | &nbsp;&nbsp;50.00% | &nbsp;&nbsp; $901125.00 |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp; $- |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp; $- |
| &nbsp;&nbsp;**Valuation Grades** |  |  |  |
| &nbsp;&nbsp;Grade | &nbsp;&nbsp;Number of Mortgage Loans | &nbsp;&nbsp;% of Mortgage Loans <br> (by loan count) | &nbsp;&nbsp;Original Principal Balance |
| &nbsp;&nbsp;A | &nbsp;&nbsp;6 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp; $3063625.00 |
| &nbsp;&nbsp;B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp; $- |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp; $- |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp; $- |

---

![](ex9916002.jpg)

---

| | |
|:---|:---|
| ![](ex9916001.jpg) | 1 MacArthur Place - Suite 100<br> Santa Ana, CA 92707<br> 800.320.9490<br> ConsolidatedAnalytics.com |

---

**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 Credit Grade of "B" and a Property Grade of "A" would receive an overall Loan Grade of "B").

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**CATEGORY** | &nbsp;&nbsp;**GRADE** | &nbsp;&nbsp;**FINDING DESCRIPTION** | &nbsp;&nbsp;**COUNT** |
| &nbsp;&nbsp;CREDIT | &nbsp;&nbsp;B | &nbsp;&nbsp;Entity Documentation – Missing or Defective | &nbsp;&nbsp;***3*** |
|  |  | &nbsp;&nbsp;***Total Credit B Grade Findings:*** | &nbsp;&nbsp;***3*** |
|  |  | &nbsp;&nbsp;***Total Credit Findings:*** | &nbsp;&nbsp;***3*** |
| &nbsp;&nbsp;**CATEGORY** | &nbsp;&nbsp;**GRADE** | &nbsp;&nbsp;**FINDING DESCRIPTION** | &nbsp;&nbsp;**COUNT** |
| &nbsp;&nbsp;PROPERTY | &nbsp;&nbsp;B |  | &nbsp;&nbsp;***0*** |
|  |  | &nbsp;&nbsp;***Total Property B Grade Findings:*** | &nbsp;&nbsp;***0*** |
|  |  | &nbsp;&nbsp;***Total Property Findings:*** | &nbsp;&nbsp;***0*** |

---

![](ex9916002.jpg)

## Exhibit 99.17

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.17**

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Pool ID** | **Alternate Loan Number** | **Deal ID** | **Original Balance** | **Initial Compliance Grade S&P** | **Initial Compliance Grade Fitch** | **Initial Compliance Grade Moodys** | **Initial Compliance Grade KBRA** | **Initial Compliance Grade DBRS** | **Final Compliance Grade S&P** | **Final Compliance Grade Fitch** | **Final Compliance Grade Moodys** | **Final Compliance Grade KBRA** | **Final Compliance Grade DBRS** |
| XXXX | XXXX | XXXX | 4350118158 | XXXX D | N/A | N/A | N/A | N/A | N/A D | N/A | N/A | N/A | N/A | N/A |
| XXXX | XXXX | XXXX | 4350118160 | XXXX D | N/A | N/A | N/A | N/A | N/A D | N/A | N/A | N/A | N/A | N/A |
| XXXX | XXXX | XXXX | 4350118163 | XXXX D | N/A | N/A | N/A | N/A | N/A D | N/A | N/A | N/A | N/A | N/A |
| XXXX | XXXX | XXXX | 4350118159 | XXXX D | N/A | N/A | N/A | N/A | N/A D B | N/A | N/A | N/A | N/A | N/A B |
| XXXX | XXXX | XXXX | 4350118161 | XXXX D | N/A | N/A | N/A | N/A | N/A D B | N/A | N/A | N/A | N/A | N/A B |
| XXXX | XXXX | XXXX | 4350118162 | XXXX D | N/A | N/A | N/A | N/A | N/A D B | N/A | N/A | N/A | N/A | N/A B |

---

## Exhibit 99.18

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.18**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Seller Loan ID** | **Deal 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 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** | **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 | XXXX | 4350118158 |  | XXXX | XXXX |  | N/A | XXXX | XXXX | 1004 | XXXX | 75.00% | 75.00% | XXXX | XXXX | XXXX | DESK REVIEW |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | N/A | N/A |
| XXXX | XXXX | 4350118160 |  | XXXX | XXXX |  | N/A | XXXX | XXXX | 1004 | XXXX | 75.00% | 75.00% | XXXX | XXXX | XXXX | DESK REVIEW |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | N/A | N/A |
| XXXX | XXXX | 4350118163 |  | XXXX | XXXX |  | N/A | XXXX | XXXX | 1004 | XXXX | 75.00% | 75.00% | XXXX | XXXX | XXXX | DESK REVIEW |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | N/A | N/A |
| XXXX | XXXX | 4350118159 |  | XXXX | XXXX |  | N/A | XXXX | XXXX | 1004 | XXXX | 72.92% | 72.92% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.5 | N/A |
| XXXX | XXXX | 4350118161 |  | XXXX | XXXX |  | N/A | XXXX | XXXX | 1025 | XXXX | 75.00% | 75.00% | XXXX | XXXX | XXXX | CDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | N/A | N/A |
| XXXX | XXXX | 4350118162 |  | XXXX | XXXX |  | N/A | XXXX | XXXX | 1004 | XXXX | 75.00% | 75.00% | XXXX | XXXX | XXXX | CDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | N/A | N/A |

---

## Exhibit 99.19

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.19**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Seller Loan ID** | **Deal ID** | **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)** | **Initial Compliance Grade (Fitch)** | **Initial Compliance Grade (KBRA)** | **Initial Compliance Grade (Moody's)** | **Initial Compliance Grade (S&P)** | **Final Compliance Grade (DBRS)** | **Final Compliance Grade (Fitch)** | **Final Compliance Grade (KBRA)** | **Final Compliance Grade (Moody's)** | **Final Compliance Grade (S&P)** |
| XXXX | XXXX | 4350118158 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | PROPERTY | APPRAISAL REVIEW - MISSING | MISSING APPRAISAL REVIEW | XXXX/CA: XXXX IS NO LONGER AN APPROVED VENDOR. PLEASE PROVIDE SITUS REVIEW | XXXX | XXXX/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 | XXXX | 4350118158 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | VERIFICATION OR MORTGAGE MISSING OR DEFECTIVE | MISSING VERIFICATION OF MORTGAGE | XXXX/CA: UPLOADED | XXXX | XXXX/CA: RECEIVED PAYMENT HISTORY | 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 | XXXX | 4350118160 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | PROPERTY | HAZARD INSURANCE MISSING OR DEFECTIVE | MISSING HAZARD INSURANCE | XXXX/CA: UPLOADED | XXXX | XXXX/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 | XXXX | 4350118160 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | CLOSING PROTECTION LETTER MISSING OR DEFECTIVE | MISSING CLOSING PROTECTION LETTER | XXXX/CA: UPLOADED | XXXX | XXXX/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 | XXXX | 4350118160 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | TITLE INSURANCE MISSING OR DEFECTIVE | MISSING TITLE INSURANCE | XXXX/CA: UPLOADED | XXXX | XXXX/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 | XXXX | 4350118158 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | LOAN AGREEMENT MISSING OR DEFECTIVE | MISSING LENDER-SIGNED LOAN AGREEMENT. PROVIDED LOAN AGREEMENT IS NOT SIGNED BY LENDER | XXXX/CA: UPLOADED | XXXX | XXXX/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 | XXXX | 4350118160 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | ACH MISSING OR DEFECTIVE | MISSING ACH AUTHORIZATION FORM. PROVIDED ACH DOES NOT HAVE ACCOUNT NUMBER OR BANK NAME | XXXX/CA: UPLOADED | XXXX | XXXX/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 | XXXX | 4350118163 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | LOAN APPLICATION MISSING OR DEFECTIVE | MISSING DATED LOAN APPLICATION | XXXX/CA: UPLOADED | XXXX | XXXX/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 | XXXX | 4350118163 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | ENTITY DOCUMENTATION - MISSING OR DEFECTIVE | MISSING EIN NUMBER | XXXX/CA: PLEASE PROVIDE DBA OR EVIDENCE LEGAL NAME WAS CHANGED | XXXX | XXXX/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 | XXXX | 4350118163 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM: EXEMPT | LOAN REVIEW COMPLETE | XXXX | RESOLVED | XXXX | CREDIT | NO FINDINGS | THE LOAN MEETS ALL APPLICABLE GUIDELINES IN POST-CLOSE REVIEW |  |  |  |  | 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 | XXXX | 4350118159 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM Exempt | Loan Review Complete | XXXX | Resolved | XXXX | Credit | Guarantor Identification Missing or Defective | Missing Guarantor Identification: XXXX | XXXX: Identification uploaded | XXXX | XXXX: Received Identification | XXXX | D B A | N/A | N/A D | N/A D | N/A D | N/A D | N/A D | N/A B | N/A B | N/A B | N/A B | N/A B | N/A |
| XXXX | XXXX | 4350118159 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM Exempt | Loan Review Complete | XXXX | Acknowledged | XXXX | Credit | Entity Documentation - Missing or Defective | Ineligible Nested Entity, the borrower XXXX is the sole manager/member of the related entities. XXXX is the primary entity and XXXX is the Sub Entity | XXXX: Exception waiver in file | XXXX | XXXX: Exception received | XXXX | XXXX FICO, Experienced Investor, XXXX Housing History D B A | N/A | N/A D | N/A D | N/A D | N/A D | N/A D | N/A B | N/A B | N/A B | N/A B | N/A B | N/A |
| XXXX | XXXX | 4350118161 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM Exempt | Loan Review Complete | XXXX | Acknowledged | XXXX | Credit | Entity Documentation - Missing or Defective | Ineligible Nested Entity. Borrower is vesting in XXXX XXXX. LLC Operating Agreement shows it is owned by XXXX | XXXX: Exception waiver in file | XXXX | XXXX: Exception waiver received | XXXX | Experienced Investor, FICO XXXX, XXXX mortgages appearing on credit have no lates, credit events history going back over XXXX years D B A | N/A | N/A D | N/A D | N/A D | N/A D | N/A D | N/A B | N/A B | N/A B | N/A B | N/A B | N/A |
| XXXX | XXXX | 4350118162 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM Exempt | Loan Review Complete | XXXX | Acknowledged | XXXX | Credit | Entity Documentation - Missing or Defective | Ineligible Nested Entity. Borrower is vesting in XXXX XXXX LLC. LLC Operating Agreement shows it is owned by XXXX. Exception waiver in file is for vesting in XXXX XXXX LLC | XXXX: Exceptioan Approval | XXXX | XXXX: Received Exception Approval | XXXX | Experienced Investor, FICO XXXX, XXXX mortgages appearing on credit have no lates, credit events history going back over XXXX years D B A | N/A | N/A D | N/A D | N/A D | N/A D | N/A D | N/A B | N/A B | N/A B | N/A B | N/A B | N/A |
| XXXX | XXXX | 4350118162 | XXXX | XXXX | XXXX | XXXX | XXXX | ATR/QM Exempt | Loan Review Complete | XXXX | Resolved | XXXX | Credit | Closing Documentation Missing or Defective | Missing Prepayment Addendum to Note | XXXX: PPP | XXXX | XXXX: Received PPP |  | D B A | N/A | N/A D | N/A D | N/A D | N/A D | N/A D | N/A B | N/A B | N/A B | N/A B | N/A B | N/A |

---

## Exhibit 99.20

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.20**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Seller Loan ID** | **Deal ID** | **Investor Loan ID** | **Field Name** | **Verified Value** | **Bid Tape Value** | **Comment** | **Response** |
| XXXX | XXXX | 4350118158 |  | ORIGINAL CREDIT REPORT DATE | XXXX | XXXX | PER CR IN FILE |  |
| XXXX | XXXX | 4350118158 |  | PURCHASE PRICE | XXXX | XXXX | REFINANCE |  |
| XXXX | XXXX | 4350118158 |  | ORIGINAL CREDIT SCORE MEDIAN | XXXX | XXXX | PER CR IN FILE |  |
| XXXX | XXXX | 4350118160 |  | PRE-REHAB SQ FT | XXXX | XXXX | PER APPRAISAL |  |
| XXXX | XXXX | 4350118163 |  | PRE-REHAB SQ FT | XXXX | XXXX | PER APPRAISAL |  |

---

## Exhibit 99.21

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.21**

![](ex9921001.jpg)

**EXECUTIVE SUMMARY<br> Third Party Due Diligence Review**

**Overview**

Digital Risk, LLC ("Digital Risk"), a third party due diligence provider, performed the review described below on behalf of its client, Lone Star Residential Acquisitions, LLC ("Client"). The review included a total of 2 newly originated residential mortgage loans, in connection with the securitization identified as COLT 2025-12 (the "Securitization"). The review began on August 1, 2025 and concluded on November 17, 2025.

**Scope of Review**

**DUE DILIGENCE REVIEWS – DSCR Loans:**

&nbsp;&nbsp;&nbsp;&nbsp;A. CREDIT REVIEW .

"Credit Review" means that Digital Risk performed a re-underwriting review of Loans to verify compliance with the applicable Client Guidelines in effect at the time of Loan origination and ensure the characteristics used by the underwriter were supported by the file documentation; and that any Loans outside of those Client Guidelines contain legitimate and approved exceptions with compensating factors. The "Credit Review" included the following:

1. <u>Review Initial & Final Application</u> 

&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.

&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;c. Compare data on final form 1003 with the data from verifications

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Form is Complete, Signed, Dated, on or before loan consummation
date,

2. <u>Review Approval Conditions</u> 

&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;b. Validation of assets/funds to close

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Validation of DSCR or qualification method and LTV calculations

3. <u>Review Occupancy/Red Flags</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Occupancy is supported

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Occupancy Red Flags adequately addressed

4. <u>Verification of Borrower Original and Audit Credit Report</u> 

&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;b. AKA's investigated and cleared

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Acceptable credit history and credit score requirements in conformance with Goldman's guidelines.

5. <u>Order and Reviews Risk IQ Report (if requested)</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Validates Social Security number and year issued

&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;c. Confirms OFAC clearances

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Identifies bankruptcy filings with the Borrower(s) name.

6. <u>Verification of Borrower Asset Information</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. lease agreement or market survey for rental income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Validate borrowers monthly gross income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Validate DSCR Calculation of rent per lease or comparable rent schedule
from appraisal divided by the subject total PITIA payment – DSCR If Lease and comparable rent payments differ Digital Risk
will refer to the client guidelines for further guidance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Assets

&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;ii. Check dates for document expiration

7. <u>Review Sales Contract</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Complete and executed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Earnest Money Deposit verified

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Parties are consistent

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller contributions are within guidelines

8. <u>Hazard and Flood (if applicable)</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Verify sufficient coverage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Verify coverage is for subject

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Validate all premiums are included in DSCR and any required upfront premium is paid

9. <u>Review Title Commitment/Policy</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Vesting correct

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Lien position

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Legal description

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Validate no encumbrances

10. <u>Review Closing Documents</u>.

&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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Correct and complete instruments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Review Settlement Statement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Right to Cancel (if applicable)

&nbsp;&nbsp;&nbsp;&nbsp;B. Valuation Review

1. <u>Review Appraisal</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Digital Risk'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. Digital Risk's review included verifying the appraisal
report:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. On the appropriate appraisal form:

&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;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;iii. Property is acceptable collateral for Loan program

&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;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
evidence that Client approved use of that appraisal

&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 closing of
the loan. Any revisions, if made known to Digital Risk, 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;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;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, Digital
Risk will review third-party products in the file to ensure the correct value was applied per Client Guidelines

&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, Digital Risk's review will (a) review the
relative comparable data (gross and net adjustments, sale dates and distance from subject property) and ensure that such comparable
properties are within standard appraisal guidelines; (b) confirm the property value and square footage of the subject property
was bracketed by comparable properties, (c) verify that comparable properties used are similar in size, style, and location to
the subject, and (d) check 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;x. Other aspects of Digital Risk's review include (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 if there are negative external factors, there is support
in the loan file of the Client's approval to waive the factor; 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;c. If more than one valuation was provided, Digital Risk will confirm consistency among the valuation
products and if there are discrepancies that could not be resolved, Digital Risk 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 Digital Risk'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;d. Digital Risk will confirm to the extent possible, that the appraiser and the appraisal made by
such appraiser both satisfied the requirements of Title XI of FIRREA. Specifically, Digital Risk will review the appraisal for
conformity to industry standards, including ensuring the appraisal was complete, that the comparable properties and adjustments
were documented and that pictures were provided and were accurate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. In addition, Digital Risk will access 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.

&nbsp;&nbsp;&nbsp;&nbsp;C. Compliance Review

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

1. Federal Truth in Lending Act ("TILA"), as implemented by Regulation Z, 12 C.F.R. Part
1026, as set forth below (for applicable Owner Occupied Properties):

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

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

&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;

2. <u>TILA</u> (for applicable Owner Occupied Properties)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <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

&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.

3. Business Purpose Loan Compliance Review

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Non-Owner Occupied Declaration Disclosure

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Review Note accuracy and properly executed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Review Mortgage and applicable riders for accuracy and properly executed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Occupancy Letter (must state that borrower(s) will not reside in the property for more than 14
days on any calendar year, and be acknowledged by the consumer).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. HMDA section (Information for Government Monitoring Purposes) of the application (initial and/or
final)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. If property is in a flood zone, Flood Notice must be provided prior to closing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Right to Receive Copy of Appraisal or Appraisal Waiver Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Letter of Explanation detailing the use of proceeds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Borrower's statement of purpose for the loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. State License requirements when applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. State Predatory lending and high cost when applicable

4. <u>Exclusions</u>. Digital Risk reviews do not test for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Technical formatting of disclosures.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 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;d. Whether any fee is a "bona fide" fee for third-party services

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>QM/ATR Credit Review – (If applicable)</u> 

Loans with application dates after January 10, 2014 are subject to the Qualified Mortgage ("QM") rule and the Ability to Repay ("ATR") rule under Regulation Z – the Truth in Lending Act. For these Loans, Digital Risk will (a) confirm that the originator/aggregator provided a QM designation, and (b) review the Loan for the eight (8) key underwriting factors described in sub-sections (a) – (h) below that are required pursuant to the ATR rule (an "<u>ATR Review</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;a. 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, excluding investment
properties, as set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 general Ability to Repay (ATR) underwriting standards (12 C.F.R. 1026.43(c))
as evaluated based on the applicable investor guidelines;

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

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

&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. Digital Risk will review applicable mortgage loans for compliance with the
ATR and QM rule requirements based upon each mortgage loan's originator designation of QM, Non- QM, or exempt from ATR. Digital
Risk determines the mortgage loan's status under the ATR or QM rule requirements and assigns a due diligence mortgage loan
designation. Generally, Digital Risk notes as a material exception if the due diligence findings do not confirm the originator's
mortgage loan designation. Additionally, Digital Risk notes if an originator mortgage loan designation was not 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;c. Digital Risk utilizes the following designations for applicable loans: QM
designations: QM Safe-Harbor, Temporary QM, Non-QM, QM Rebuttal Presumption and ATR Designations: ATR Compliant, ATR Exempt and
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;d. With respect to QM (Safe Harbor and Higher-priced) designated mortgage loans,
Digital Risk reviews the mortgage loan to determine whether, based on available information in the mortgage loan file: (i) the
mortgage loan contains risky mortgage loan features and terms (e.g. an interest only feature or negative amortization), (ii) the
"points and fees" exceed the applicable QM threshold, (iii) the monthly payment was calculated appropriately, (iv)
the creditor considered and verified income or assets at or before consummation, (v) the creditor appropriately considered debt
obligations, alimony and child support, and (vi) 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.

&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. If a mortgage loan was designated as QM, Digital Risk 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.

For each QM designated mortgage loan that satisfied the applicable requirements enumerated above, Digital Risk then determines whether the mortgage loan is a Safe Harbor QM or QM Rebuttable Presumption 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.).

&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 each QM designated mortgage loan that does not satisfy the applicable
requirements enumerated above, Digital Risk then determines whether the mortgage loan complies with the ATR rule consideration
and verification requirements, as defined within the applicable underwriting guidelines, and provides a due diligence designation
of Non-QM indicating compliant, ATR risk indicating it may not be compliant, or ATR Fail, indicating it is non- 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;g. Digital Risk 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 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;&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.

&nbsp;&nbsp;&nbsp;&nbsp;● 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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Simultaneous Loans - Ensure that all concurrent Loans were included in the
debt- to-income ratio ("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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Mortgage-Related Obligations - Validate that the subject Loan monthly payment
calculation includes principle, interest, taxes, and insurance ("PITI"), as well as other costs related to the property
such as homeowners' association ("HOA") fees, private mortgage insurance ("PMI"), 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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. DTI / Residual Income - Validate debt-to-income ratio (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;&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;2. <u>General QM for any loans originated under the GQM Rule – (If applicable)</u> 

Pricing Thresholds:

&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. 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;&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 $110,260;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 $66,156 but
less than $110,260; 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;&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 $66,156.

&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. 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;&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 $66,156;
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;&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 $66,156.

&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. 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;&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 home1 with a loan amount equal
to or greater than $110,260; 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;&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 $110,260.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Consider Income and Assets:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Consumer's current or reasonably expected income or assets (other than the value of the dwelling
that secures the loan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o The consumer's debt obligations, alimony, child support; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o The monthly DTI or residual income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 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.

**Data Discrepancy Report**

As part of the Credit and Compliance Reviews, Digital Risk captured data from the source documents and compared it to a data tape provided by Client. Digital Risk provided Client a Data Discrepancy Report which shows the differences between the tape data and the data captured by Digital Risk during the diligence process. Tape values that are blank indicate that the data was not provided on the provided data tape but Digital Risk captured it during the review. The percentages are based on a population of 2 loans. The table below reflects the discrepancies inclusive of the blank data fields:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Fields Reviewed** | &nbsp;&nbsp;**Discrepancy Count** | &nbsp;&nbsp;**Percentage** |
| &nbsp;&nbsp;Amortization Term in Months | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Debt Service Coverage Ratio | &nbsp;&nbsp;2 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Original Qualifying FICO Score | &nbsp;&nbsp;1 | &nbsp;&nbsp;50.00% |
| &nbsp;&nbsp;Origination/Note Date | &nbsp;&nbsp;1 | &nbsp;&nbsp;50.00% |

---

**Summary of Results**

---

| | | | |
|:---|:---|:---|:---|
| &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 Count | &nbsp;&nbsp;Original Principal Balance | &nbsp;&nbsp;Percent of Sample |
| &nbsp;&nbsp;Event Grade A | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Event Grade B | &nbsp;&nbsp;2 | &nbsp;&nbsp;$5118000.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Event Grade C | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Event Grade D | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total Sample** | &nbsp;&nbsp;2 | &nbsp;&nbsp;$5118000.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Credit Results:** | &nbsp;&nbsp;**Credit Results:** | &nbsp;&nbsp;**Credit Results:** | &nbsp;&nbsp;**Credit Results:** |
| &nbsp;&nbsp;Event Grade | &nbsp;&nbsp;Loan Count | &nbsp;&nbsp;Original Principal Balance | &nbsp;&nbsp;Percent of Sample |
| &nbsp;&nbsp;Event Grade A | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Event Grade B | &nbsp;&nbsp;2 | &nbsp;&nbsp;$5118000.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Event Grade C | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Event Grade D | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total Sample** | &nbsp;&nbsp;2 | &nbsp;&nbsp;$5118000.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Compliance Results:** | &nbsp;&nbsp;**Compliance Results:** | &nbsp;&nbsp;**Compliance Results:** | &nbsp;&nbsp;**Compliance Results:** |
| &nbsp;&nbsp;Event Grade | &nbsp;&nbsp;Loan Count | &nbsp;&nbsp;Original Principal Balance | &nbsp;&nbsp;Percent of Sample |
| &nbsp;&nbsp;Event Grade A | &nbsp;&nbsp;1 | &nbsp;&nbsp;$1118000.00 | &nbsp;&nbsp;50.00% |
| &nbsp;&nbsp;Event Grade B | &nbsp;&nbsp;1 | &nbsp;&nbsp;$4000000.00 | &nbsp;&nbsp;50.00% |
| &nbsp;&nbsp;Event Grade C | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Event Grade D | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total Sample** | &nbsp;&nbsp;2 | &nbsp;&nbsp;$5118000.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Valuation Results:** | &nbsp;&nbsp;**Valuation Results:** | &nbsp;&nbsp;**Valuation Results:** | &nbsp;&nbsp;**Valuation Results:** |
| &nbsp;&nbsp;Event Grade | &nbsp;&nbsp;Loan Count | &nbsp;&nbsp;Original Principal Balance | &nbsp;&nbsp;Percent of Sample |
| &nbsp;&nbsp;Event Grade A | &nbsp;&nbsp;2 | &nbsp;&nbsp;$5118000.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Event Grade B | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Event Grade C | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;Event Grade D | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Total Sample** | &nbsp;&nbsp;2 | &nbsp;&nbsp;$5118000.00 | &nbsp;&nbsp;100.00% |

---

**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 complies 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 complies with all material 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 valuation methodology complies with applicable underwriting guidelines and the value is supported within 90% of the original appraisal by the first third party valuation product. 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 valuation methodology does not meet applicable published guidelines for the program. The value is not supported within 90% of the original appraisal by the first third party valuation product but a second third party valuation product is provided and does support original appraised value within 90%.<br>The value is not supported within 90% of the original appraisal by the first third party valuation product; a second third party valuation product is provided and does not support the original appraised value within 90%; a third party value reconciliation product is then provided which reconciles the appraisal, first, and second valuation products, and supports within 90% of the appraisal. When a reconciliation supports the appraisal, first and second valuation products, the lower of the appraised value, purchase price for purchases, and reconciliation value will be used to establish lending value.<br>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 valuation methodology does not meet every applicable published guideline for the program. The value is not supported within 90% of the original appraisal by any of the third-party valuation products or the reconciliation. |
| &nbsp;&nbsp;D | &nbsp;&nbsp;The file was missing the appraisal or there was not sufficient valuation documentation to perform a review. |

---

## Exhibit 99.22

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.22**

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Deal ID** | **Loan ID** | **Finding #** | **Last Name** | **Note Date** | **Audit Category** | **Audit Issue** | **Finding ID** | **Exception Finding** | **Remediation Status** | **Exception Rebuttal** | **Exception Response** | **Status Comment** | **Compensating Factors** | **Initial Findings Grade** | **Final Findings Grade** | **Initial Loan Grade** | **Final Loan Grade** |
| XXXX | 4350118164 |  | 1 of 5 | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) XXXX CFR XXXX, Appendix A. | Acknowledged |  |  |  |  | 2 | 2 | 2 | 2 |
| XXXX | 4350118164 |  | 2 of 5 | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | **Rebuttal 1 (XXXX XXXXAM)<br> Docs uploaded.<br>**  | **Response 1 (XXXX XXXXAM)<br> The documentation provided is sufficient to clear the finding. (Resolved)<br>**  |  |  | 2 | 1 | 2 | 2 |
| XXXX | 4350118164 |  | 3 of 5 | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Lender Exception provided to proceed with purchase with a loan amount exceeding $XXXX. Determined non-material based on compensating factors (waived). | Waived |  |  |  | Compensating Factors: FICO XXXX, Favorable DSCR 2.011%. | 2 | 2 | 2 | 2 |
| XXXX | 4350118164 |  | 4 of 5 | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Lender Exception provided to proceed with the purchase of a short-term rental with a loan amount of $XXXX which that exceeds the $XXXX max for short-term rental. Determined non-material based on compensating factors (waived). | Waived |  |  |  | Compensating Factors: FICO XXXX, Favorable DSCR 2.011% | 2 | 2 | 2 | 2 |
| XXXX | 4350118164 |  | 5 of 5 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a second appraisal dated XXXX, which supports the appraised value. |  |  |  |  |  | 1 | 1 | 2 | 2 |
| XXXX | 4350118165 |  | 1 of 5 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. |  |  |  |  |  | 1 | 1 | 2 | 2 |
| XXXX | 4350118165 |  | 2 of 5 | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The lender provided an exception to allow for a unit below XXXXsqft. Considered non-material based on compensating factors (waived). | Waived |  |  |  | Compensating factors: XXXX FICO, 36 mos reserves | 2 | 2 | 2 | 2 |
| XXXX | 4350118165 |  | 3 of 5 | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The lender provided an exception to allow for an appraisal expiring prior to note date. Considered non-material based on compensating factors (waived). | Waived |  |  |  | Compensating factors: XXXX FICO, 36 mos reserves | 2 | 2 | 2 | 2 |
| XXXX | 4350118165 |  | 4 of 5 | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The lender provided an exception to allow for credit report expiring prior to note date. Considered non-material based on compensating factors (waived). | Waived |  |  |  | Compensating factors: XXXX FICO, 36 mos reserves | 2 | 2 | 2 | 2 |
| XXXX | 4350118165 |  | 5 of 5 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XXXX, which supports the appraised value |  |  |  |  |  | 1 | 1 | 2 | 2 |

---

## Exhibit 99.23

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.23**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Deal ID** | **Loan ID** | **Original Loan Amount** | **Initial Rating** | **Final Rating** | **Initial Credit Rating** | **Final Credit Rating** | **Initial Compliance Rating** | **Final Compliance Rating** | **Initial Property Valuation Rating** | **Final Property Valuation Rating** |
| XXXX | 4350118164 |  | XXXX | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 B A |
| XXXX | 4350118165 |  | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |

---

## Exhibit 99.24

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.24**

Valuation Securitization Report

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Customer Loan ID** | **Deal ID** | **Seller Loan ID** | **Subject Address** | **Subject City** | **Subject State** | **Subject Zip** | **Note Date** | **Original Loan Amount** | **Sales Price** | **PIW Indicator** | **Appraised Value** | **Value for LTV** | **Appraisal Form Type** | **Appraisal Date** | **Appraisal Company Name** | **AVM Confidence Score** | **AVM FSD Score** | **Market Condition** | **Second Appraisal Value** | **Variance Amount** | **Variance Percent** | **Second Appraisal Date** | **Second Appraisal Type** | **Appraised Value** | **Company** | **Confidence Score** | **Appraisal Date** | **Variance Amount** | **Variance Percent** | **Company** | **Risk Score** | **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 | 4350118165 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  | No | XXXX | XXXX | Form 71A | XXXX | XXXX |  |  | Stable |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  |  |  |  |  |  |
| XXXX | 4350118164 |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | No | XXXX | XXXX | 1004 | XXXX | XXXX |  |  | Stable | XXXX | XXXX | XXXX | XXXX | 1004 |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

## Exhibit 99.25

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.25**

---

| | |
|:---|:---|
| **Report Pulled:** | XXXX |
| **Loan Count:** | 2 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Audit ID** | **Loan Number** | **Deal ID** | **Borrower Last Name** | **Field** | **Tape Data** | **Review Data** |
| XXXX | XXXX | 4350118164 | XXXX | Amortization Term in Months | XXXX | XXXX |
| XXXX | XXXX | 4350118164 | XXXX | Debt Service Coverage Ratio | XXXX | XXXX |
| XXXX | XXXX | 4350118164 | XXXX | Origination/Note Date | XXXX | XXXX |
| XXXX | XXXX | 4350118165 | XXXX | Amortization Term in Months | XXXX | XXXX |
| XXXX | XXXX | 4350118165 | XXXX | Debt Service Coverage Ratio | XXXX | XXXX |
| XXXX | XXXX | 4350118165 | XXXX | Original Qualifying FICO Score | XXXX | XXXX |

---

## Exhibit 99.26

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.26**

![](ex9926001.jpg)

FORWARD THINKING. SEAMLESS SOLUTIONS**.**<br>Executive Summary<br> COLT 2025-12<br> Dated: December 4, 2025<br>

**290 S Preston Road \| Suite 370 \| Prosper, TX 75078**<br> **P: 888.892.1843** **\| evolvemortgageservices.com**<br>

![](ex9926002.jpg)

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 7 Loans, 4 Residential Loans and 3 Business Purpose Loans, totaling an aggregate original principal balance of approximately $2,621,297.00. 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 |

---

© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 1 \| P a g e

![](ex9926002.jpg)

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).© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 2 \| P a g e

![](ex9926002.jpg)

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 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.© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 3 \| P a g e

![](ex9926002.jpg)

Forward Thinking. Seamless Solutions.

**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 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.© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 4 \| P a g e

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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.© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 5 \| P a g e

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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**

---

| | | |
|:---|:---|:---|
| &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;4 | &nbsp;&nbsp;57.14% |
| &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;3 | &nbsp;&nbsp;42.86% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**7** | &nbsp;&nbsp;**100.00%** |

---

**Credit Results Summary**

---

| | | |
|:---|:---|:---|
| &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;3 | &nbsp;&nbsp;42.86% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;4 | &nbsp;&nbsp;57.14% |
| &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;**7** | &nbsp;&nbsp;**100.00%** |

---

**Property Valuation Results Summary**

---

| | | |
|:---|:---|:---|
| &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;6 | &nbsp;&nbsp;85.71% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;1 | &nbsp;&nbsp;14.29% |
| &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;**7** | &nbsp;&nbsp;**100.00%** |

---

© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 6 \| P a g e

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**Overall Results Summary**

---

| | | |
|:---|:---|:---|
| &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;3 | &nbsp;&nbsp;42.86% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;4 | &nbsp;&nbsp;57.14% |
| &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;**7** | &nbsp;&nbsp;**100.00%** |

---

**Data Results Summary**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Field Label** | &nbsp;&nbsp;**# Loans with Discrepancy** | &nbsp;&nbsp;**Total Time Compared** | &nbsp;&nbsp;**% Variance** |
| &nbsp;&nbsp;Doc Type | &nbsp;&nbsp;7 | &nbsp;&nbsp;7 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;1 | &nbsp;&nbsp;7 | &nbsp;&nbsp;14.29% |
| &nbsp;&nbsp;Original Amortization Term | &nbsp;&nbsp;1 | &nbsp;&nbsp;7 | &nbsp;&nbsp;14.29% |
| &nbsp;&nbsp;PITI | &nbsp;&nbsp;2 | &nbsp;&nbsp;7 | &nbsp;&nbsp;28.57% |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;2 | &nbsp;&nbsp;7 | &nbsp;&nbsp;28.57% |
| &nbsp;&nbsp;Property Zip | &nbsp;&nbsp;1 | &nbsp;&nbsp;7 | &nbsp;&nbsp;14.29% |
| &nbsp;&nbsp;QM Status | &nbsp;&nbsp;1 | &nbsp;&nbsp;7 | &nbsp;&nbsp;14.29% |
| &nbsp;&nbsp;Qualifying DTI | &nbsp;&nbsp;1 | &nbsp;&nbsp;7 | &nbsp;&nbsp;14.29% |
| &nbsp;&nbsp;Self-Employment Flag | &nbsp;&nbsp;2 | &nbsp;&nbsp;7 | &nbsp;&nbsp;28.57% |

---

© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 7 \| P a g e

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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.© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 8 \| P a g e

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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:

**<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

---

| | | |
|:---|:---|:---|
| | 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> |

---

&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;© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 9 \| P a g e

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

&nbsp;&nbsp;&nbsp;&nbsp;&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;© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 10 \| P a g e

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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.© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 11 \| P a g e

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**<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:

**(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> 

 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; <br> c) <u>Mandatory Arbitration Clauses (§1026.36):</u> <br>

&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© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 12 \| P a g e

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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 comparing the loan's actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage.© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 13 \| P a g e

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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.© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 14 \| P a g e

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**(X) 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;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.© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 15 \| P a g e

![](ex9926002.jpg)

Forward Thinking. Seamless Solutions.

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;© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 16 \| P a g e

![](ex9926002.jpg)

Forward Thinking. Seamless Solutions.

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© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 17 \| P a g e

![](ex9926002.jpg)

Forward Thinking. Seamless Solutions.

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.© 2020 Evolve Mortgage Services Overview \| Proprietary and Confidential 18 \| P a g e

## Exhibit 99.27

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.27**

![](evolve-logo.jpg)

---

| |
|:---|
| **Rating Agency Grades** |
| **Run Date - XXXX XXXX AM** |

---

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** |
| **Evolve Loan ID** | **Deal ID** | **Customer Loan ID** | **Seller Loan ID** | **Original Loan Amount** | **DBRS** | **Fitch** | **Kroll** | **Moody's** | **S&P** | **DBRS** | **Fitch** | **Kroll** | **Moody's** | **S&P** |
| XXXX | 4350118168 | XXXX | XXXX | XXXX C | A | A | A | A | A C B | A | A | A | A | A B |
| XXXX | 4350118166 | XXXX | XXXX | XXXX C | N/A | N/A | N/A | N/A | N/A C B | N/A | N/A | N/A | N/A | N/A B |
| XXXX | 4350118167 | XXXX | XXXX | XXXX D | A | A | A | A | A C D B | A | A | A | A | A B |
| XXXX | 4350118169 | XXXX | XXXX | XXXX C | N/A | N/A | N/A | N/A | N/A C B | N/A | N/A | N/A | N/A | N/A B |
| XXXX | 4350118171 | XXXX | XXXX | XXXX A | N/A | N/A | N/A | N/A | N/A C | N/A | N/A | N/A | N/A | N/A |
| XXXX | 4350118172 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A | A | A | A |
| XXXX | 4350118170 | XXXX | XXXX | XXXX A | A | A | A | A | A | A | A | A | A | A |

---

## Exhibit 99.28

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.28**

![](evolve-logo.jpg)

---

| |
|:---|
| **Exception Detail** |
| **Run Date - XXXX XXXX AM** |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Evolve Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Deal 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 Rating** | **Note Date** | **Property State** | **Occupancy** | **Purpose** | **Compliance Initial Loan Grade** | **Compliance Final Loan Grade** | **Originator QM ATR Status** | **TPR QM ATR Status** | **Is Curable** |
| XXXX | XXXX | XXXX | 4350118166 | XXXX | XXXX | XXXX | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Sr Management approved DSCR <1 on Condotel |  | COMPENSATING FACTORS: Client Waived with Comp Factors: Borrower is seasoned investor, Borrower has Excellent mtg pmt history XXXX+mo, no derogs, FICO XXXX over min required FICO of XXXX. Excellent reserves of XXXXmonths over min required on XXXXmonths. |  |  |  | XXXX B | 2 | XXXX | XXXX | 3 | 1 C B | N/A | N/A |  | Exempt | 1 |
| XXXX | XXXX | XXXX | 4350118166 | XXXX | XXXX | XXXX | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Sr management approved Condotel |  | COMPENSATING FACTORS: Client Waived with Comp Factors: Borrower is seasoned investor, Borrower has Excellent mtg pmt history XXXX+mo, no derogs, FICO XXXX over min required FICO of XXXX. Excellent reserves of XXXXmonths over min required on XXXXmonths. |  |  |  | XXXX B | 2 | XXXX | XXXX | 3 | 1 C B | N/A | N/A |  | Exempt | 1 |
| XXXX | XXXX | XXXX | 4350118166 | XXXX | XXXX | XXXX | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Sr management approved use of STR on DSCR <1 /condotel |  | COMPENSATING FACTORS: Client Waived with Comp Factors: Borrower is seasoned investor, Borrower has Excellent mtg pmt history XXXX+mo, no derogs, FICO XXXX over min required FICO of XXXX. Excellent reserves of XXXXmonths over min required on XXXXmonths. |  |  |  | XXXX B | 2 | XXXX | XXXX | 3 | 1 C B | N/A | N/A |  | Exempt | 1 |
| XXXX | XXXX | XXXX | 4350118166 | XXXX | XXXX | XXXX | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Sr management approved use of Transferred Appraisal |  | COMPENSATING FACTORS: Client Waived with Comp Factors: Borrower is seasoned investor, Borrower has Excellent mtg pmt history XXXX+mo, no derogs, FICO XXXX over min required FICO of XXXX. Excellent reserves of XXXXmonths over min required on XXXXmonths. |  |  |  | XXXX B | 2 | XXXX | XXXX | 3 | 1 C B | N/A | N/A |  | Exempt | 1 |
| XXXX | XXXX | XXXX | 4350118167 | XXXX | XXXX | XXXX | Credit | UW Income/Employment |  | UW Income/Employment - UW - 2yr Employment history not verified |  | Guidelines require borrowers to be self-employed in the same business for a minimum XXXX years. Borrower has less than XXXX year of self-employment. |  | Compensating Factors: Low debt ratio (35.801%-max allowed is 50%); Low LTV(37.777%) for loan program; borrower has reestablished credit since XXXX. |  |  |  | XXXX B | 2 | XXXX | XXXX | 1 | 13 D B | A | A C B |  | Non-QM | 1 |
| XXXX | XXXX | XXXX | 4350118167 | XXXX | XXXX | XXXX | Valuation | UW Collateral |  | UW Collateral - UW - Appraisal Other |  | Guidelines allow rural properties to be considered but require senior management approval. Subject property is Rural. |  | Compensating Factors: Low debt ratio (35.801%-max allowed is 50%); Low LTV(37.777%) for loan program; borrower has reestablished credit since XXXX. |  |  |  | XXXX B | 2 | XXXX | XXXX | 1 | 13 D B | A | A C B |  | Non-QM | 1 |
| XXXX | XXXX | XXXX | 4350118167 | XXXX | XXXX | XXXX | Credit | UW Credit |  | UW Credit - UW - Credit Requirements for Program |  | Guidelines require a minimum 48 months credit seasoning for prior bankruptcy. Borrower has credit seasoning of XXXX months for a Chapter 7 bankruptcy. |  | Compensating Factors: Low debt ratio (35.801%-max allowed is 50%); Low LTV(37.777%) for loan program; borrower has reestablished credit since XXXX. |  |  |  | XXXX B | 2 | XXXX | XXXX | 1 | 13 D B | A | A C B |  | Non-QM | 1 |
| XXXX | XXXX | XXXX | 4350118168 | XXXX | XXXX | XXXX | Credit | UW Income/Employment |  | UW Income/Employment - UW - Divorce Decree |  | Missing divorce decree child support documents confirming monthly support payments of $XXXX and a $XXXX nesting payment. | Received divorce decree reflecting child support income |  |  | XXXX |  | A | 1 | XXXX | XXXX | 1 | 13 C B | A | A |  | Non-QM | 1 |
| XXXX | XXXX | XXXX | 4350118168 | XXXX | XXXX | XXXX | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Exception approval is required for waiving Impound/Escrow accounts on an owner-occupied property. |  | Approval is granted for waiving Impound/Escrow accounts on an owner-occupied property. Compensating factors are 1) 18.928% LTV is below the maximum 80% LTV for a cashout refinance 2) residual income of $XXXX is more than the required minimum of $XXXX and 3) Score of XXXX is above the minimum score of XXXX for a cashout refinance. |  |  |  | XXXX B | 2 | XXXX | XXXX | 1 | 13 C B | A | A |  | Non-QM | 1 |
| XXXX | XXXX | XXXX | 4350118169 | XXXX | XXXX | XXXX | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Guidelines DSCR C/O Refi on Vacant property not allowed. Deviation Request DSCR C/O Refi on Vacant property. |  | COMPENSATING FACTORS: Client Waived with Comp factors: Borrower is long time investor, Low LTV 60% under max of 70%LTV allowed, Excellent mtg payment history with no lates. XXXX months reserves over min required reserves of XXXXmonths. Subject is free and clear. |  |  |  | XXXX B | 2 | XXXX | XXXX | 3 | 13 C B | N/A | N/A |  | Exempt | 1 |
| XXXX | XXXX | XXXX | 4350118169 | XXXX | XXXX | XXXX | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Guidelines Value used should be the most recent list price for properties with recent listing history. Deviation Request Newly constructed/updated property since purchase and currently listed for rent, 60% LTV, no longer listed for sale. |  | COMPENSATING FACTORS: Client Waived with Comp factors: Borrower is long time investor, Low LTV 60% under max of 70%LTV allowed, Excellent mtg payment history with no lates.XXXX months reserves over min required reserves of XXXXmonths. Subject is free and clear. |  |  |  | XXXX B | 2 | XXXX | XXXX | 3 | 13 C B | N/A | N/A |  | Exempt | 1 |
| XXXX | XXXX | XXXX | 4350118171 | XXXX | XXXX | XXXX | Valuation | UW Collateral |  | UW Collateral - UW - Appraisal Other |  | Provide a corrected Desk Valuation Review (DVR) dated on or after the appraisal date. The DVR provided is dated XXXX, prior to the appraisal dated XXXX. | Received DVR |  | Reviewer XXXX XXXX PM; The document received is blank<br>| XXXX |  | A | 1 | XXXX | XXXX | 3 | 1 C A | N/A | N/A C |  | Exempt | 1 |

---

## Exhibit 99.29

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.29**

![](evolve-logo.jpg)

---

| |
|:---|
| **Valuation Report** |
| **Run Date - XXXX XXXX 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 | 4350118168 | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX A | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| XXXX | XXXX | XXXX | 4350118166 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX A | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| XXXX | XXXX | XXXX | 4350118167 | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX A | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| XXXX | XXXX | XXXX | 4350118169 | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX A | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| XXXX | XXXX | XXXX | 4350118171 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX A | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| XXXX | XXXX | XXXX | 4350118172 | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX A | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| XXXX | XXXX | XXXX | 4350118170 | XXXX | XXXX |  | XXXX | XXXX | XXXX | 1004 | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX A | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |

---

## Exhibit 99.30

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.30**

![](evolve-logo.jpg)

---

| |
|:---|
| **Data Compare** |
| **Run Date - XXXX XXXX AM** |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Evolve Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Deal ID** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Comment** |
| XXXX | XXXX | XXXX | 4350118168 | Doc Type | Alternative | Bank Statement | Verified by loan approval as bank statement |
| XXXX | XXXX | XXXX | 4350118166 | Doc Type | Alternative | Debt Service Coverage | Verified with Approval |
| XXXX | XXXX | XXXX | 4350118167 | Doc Type | Alternative | Bank Statement | Verified with approval |
| XXXX | XXXX | XXXX | 4350118169 | Doc Type | Alternative | Debt Service Coverage | Verified with Approval |
| XXXX | XXXX | XXXX | 4350118171 | Doc Type | Alternative | Debt Service Coverage | Verified with Loan Approval. |
| XXXX | XXXX | XXXX | 4350118172 | Doc Type | Alternative | Bank Statement | Verified with approval |
| XXXX | XXXX | XXXX | 4350118170 | Doc Type | Alternative | Bank Statement | verified with loan approval |
| XXXX | XXXX | XXXX | 4350118169 | Interest Only | N | Y | Verified w/ note |
| XXXX | XXXX | XXXX | 4350118169 | Original Amortization Term | XXXX | XXXX | Verified w/ note |
| XXXX | XXXX | XXXX | 4350118168 | PITI | XXXX | XXXX | Verified by loan documents |
| XXXX | XXXX | XXXX | 4350118170 | PITI | XXXX | XXXX | Verified with first payment letter |
| XXXX | XXXX | XXXX | 4350118166 | Property Type | HighRiseCondominium | Condo Hotel | Verified with loan approval |
| XXXX | XXXX | XXXX | 4350118170 | Property Type | Attached | Townhouse | verified with appraisal |
| XXXX | XXXX | XXXX | 4350118172 | Property Zip | XXXX | XXXX | Verified |
| XXXX | XXXX | XXXX | 4350118168 | QM Status | Exempt | Non-QM | verified |
| XXXX | XXXX | XXXX | 4350118170 | Qualifying DTI | XXXX | XXXX | Verified with debt and income in file |
| XXXX | XXXX | XXXX | 4350118166 | Self-Employment Flag |  | N | NA not stated not verified DSCR |
| XXXX | XXXX | XXXX | 4350118170 | Self-Employment Flag | N | Y | Verified with 1003 |

---

## Exhibit 99.31

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.31**

**EXECUTIVE SUMMARY**

COLT 2025-12

**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 August 2025 to December 2025 on mortgage loans (the "Loans") originated from August 2025 to November 2025. The review consisted of 100% of the population of 149 loans with an original loan balance of $80,582,400.00.

**Scope of Review**

**Credit Review**

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 ratios ("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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. DSCR
 Loans

![](ex9931001.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. 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

&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

![](ex9931001.jpg)

&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

&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

![](ex9931001.jpg)

&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;

&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;

![](ex9931001.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. 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.

&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.

![](ex9931001.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. 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

&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

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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;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 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.

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&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.

&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.

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&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

&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;

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&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;

&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;

![](ex9931001.jpg)

&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;

&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;

![](ex9931001.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. 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:

&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.

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&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 73.15% of the pool receiving an overall "A" grade.

**Final Loan Grades**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Rating Agency Final Overall Grade Summary** | &nbsp;&nbsp;**Rating Agency Final Overall Grade Summary** | &nbsp;&nbsp;**Rating Agency Final Overall Grade Summary** |
| &nbsp;&nbsp;**Overall** | &nbsp;&nbsp;**# of Mortgage Loans** | &nbsp;&nbsp;**% of Mortgage Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;109 | &nbsp;&nbsp;73.15% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;40 | &nbsp;&nbsp;26.85% |
| &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;**149** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Final Credit Grade Summary** | &nbsp;&nbsp;**Final Credit Grade Summary** | &nbsp;&nbsp;**Final Credit Grade Summary** |
| &nbsp;&nbsp;**Credit** | &nbsp;&nbsp;**# of Mortgage Loans** | &nbsp;&nbsp;**% of Mortgage Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;111 | &nbsp;&nbsp;74.50% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;38 | &nbsp;&nbsp;25.50% |
| &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;**149** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Final Property Grade Summary** | &nbsp;&nbsp;**Final Property Grade Summary** | &nbsp;&nbsp;**Final Property Grade Summary** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**# of Mortgage Loans** | &nbsp;&nbsp;**% of Mortgage Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;146 | &nbsp;&nbsp;97.99% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;3 | &nbsp;&nbsp;2.01% |
| &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;**149** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Final Compliance Grade Summary** | &nbsp;&nbsp;**Final Compliance Grade Summary** | &nbsp;&nbsp;**Final Compliance Grade Summary** |
| &nbsp;&nbsp;**Compliance** | &nbsp;&nbsp;**# of Mortgage Loans** | &nbsp;&nbsp;**% of Mortgage Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;149 | &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;**149** | &nbsp;&nbsp;**100.00%** |

---

![](ex9931001.jpg)

**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").

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Exception Type** | &nbsp;&nbsp;**Exception Level Grade** | &nbsp;&nbsp;**Exception Category** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Approval - Lender Income Calculation Missing | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Approval/Underwriting Summary Deficient | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Approval/Underwriting Summary Not Provided | &nbsp;&nbsp;10 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Asset 1 Does Not Meet Guideline Requirements | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Asset 1 Missing | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Asset 2 Does Not Meet Guideline Requirements | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Asset 2 Missing | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Asset 3 Does Not Meet Guideline Requirements | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Asset 3 Missing | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Assets - Earnest Money Deposit | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Assets - Insufficient Cash to Close or Reserves | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Audited DTI Exceeds Guideline DTI | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Audited LTV Exceeds Guideline LTV | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Audited Reserves are less than Guideline Required Reserves (Number of Months) | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Borrower 1 Business Bank Statements Missing | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Borrower 1 Credit Report is Missing | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;A | &nbsp;&nbsp;Borrower 1 Deed of Trust Signature does not match Note | &nbsp;&nbsp;1 |

---

![](ex9931001.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | | &nbsp;&nbsp;Borrower 1 Executed 4506-T Missing | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Borrower 1 Gap Credit Report is Missing | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Business Purpose - Loan Guaranty/Missing | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Cash reserves less than required by guidelines | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Condo - HOA Budget Missing | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Condo - HOA Dues | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Condo - Master Policy Insufficient | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Corporation/LLC: Certificate of Good Standing Doc is Missing | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Corporation/LLC: Operating Agreement Doc is Incomplete | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;DTI - Missing Debts/ DTI Exceeds Tolerance | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Evidence of Property Tax Missing | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Flood Certificate Missing | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Fraud Report Shows Uncleared Alerts | &nbsp;&nbsp;3 |
| | | &nbsp;&nbsp;Hazard Insurance - Other Insurance Incomplete | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Hazard Insurance - Other Insurance Missing | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Hazard Insurance Coverage Amount is less than Required Coverage Amount | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Hazard insurance dwelling coverage is not sufficient | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Hazard Insurance Policy is Missing | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Housing History Does Not Meet Guideline Requirements | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Income - Comparable Rent Schedule Form 1007 Missing | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Income and Employment Do Not Meet Guidelines | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Liabilities - Excluded Debts | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Liabilities - REO | &nbsp;&nbsp;7 |
| | | &nbsp;&nbsp;LLC / Corp: Operating Agreement does not include authorization to borrow and designee | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Missing Business Purpose Affidavit | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Missing Fraud Product | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Missing Lease Agreement | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Missing letter of explanation | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Missing Property Tax Cert | &nbsp;&nbsp;3 |
| | | &nbsp;&nbsp;Missing VOM or VOR | &nbsp;&nbsp;3 |
| | | &nbsp;&nbsp;No Credit Findings | &nbsp;&nbsp;62 |
| | | &nbsp;&nbsp;OFAC search for Borrowers/Guarantors/Key Principals Doc is Missing | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Program Parameters - Currently Listed for Sale | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Program Parameters - Guidelines Conformity | &nbsp;&nbsp;5 |
| | | &nbsp;&nbsp;Tax amount not verified. | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Third Party Fraud Report not Provided | &nbsp;&nbsp;4 |
| | | &nbsp;&nbsp;Title Commitment - Other | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Title Coverage is Less than Subject Lien(s) Total | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Title Document Missing | &nbsp;&nbsp;5 |
| | | &nbsp;&nbsp;Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | &nbsp;&nbsp;2 |
|  |  | &nbsp;&nbsp;***Total Credit Grade (A) Exceptions*** | &nbsp;&nbsp;***165*** |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Asset 1 Less Than 2 Months Verified | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Audited CLTV Exceeds Guideline CLTV | &nbsp;&nbsp;9 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Audited FICO is less than Guideline FICO | &nbsp;&nbsp;5 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Audited HCLTV Exceeds Guideline HCLTV | &nbsp;&nbsp;9 |

---

![](ex9931001.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | | &nbsp;&nbsp;Audited LTV Exceeds Guideline LTV | &nbsp;&nbsp;15 |
| | | &nbsp;&nbsp;Audited Reserves are less than Guideline Required Reserves (Number of Months) | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Borrower 1 Lease Agreements Missing | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Credit Documentation - Letter of Explanation | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;DSCR does not meet Guidelines | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Housing History Does Not Meet Guideline Requirements | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Income - Guideline Requirements | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Income - Rental Property | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Income and Employment Do Not Meet Guidelines | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Missing Lease Agreement | &nbsp;&nbsp;1 |
| | | &nbsp;&nbsp;Program Parameters - Borrower/Business Entity Ineligibility | &nbsp;&nbsp;2 |
| | | &nbsp;&nbsp;Program Parameters - Guidelines Conformity | &nbsp;&nbsp;12 |
| | | &nbsp;&nbsp;Program Parameters - LTV | &nbsp;&nbsp;2 |
|  |  | &nbsp;&nbsp;***Total Credit Grade (B) Exceptions*** | &nbsp;&nbsp;***66*** |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A | &nbsp;&nbsp;Appraisal is Missing | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A | &nbsp;&nbsp;Condo - Warrantability | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A | &nbsp;&nbsp;Loan Purpose is Purchase but Purchase Contract Doc is Missing | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A | &nbsp;&nbsp;Missing Doc - 3rd Party Valuation Product/Missing | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A | &nbsp;&nbsp;No Property Findings | &nbsp;&nbsp;7 |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A | &nbsp;&nbsp;Property Issue - Neighborhood Location | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;A | &nbsp;&nbsp;Value - Value is supported within -10% of original appraisal amount | &nbsp;&nbsp;132 |
|  |  | &nbsp;&nbsp;***Total Property Grade (A) Exceptions*** | &nbsp;&nbsp;***149*** |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;B | &nbsp;&nbsp;Property Issue - Condo Ineligible | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;B | &nbsp;&nbsp;Property Issue - Ineligible Property | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Property | &nbsp;&nbsp;B | &nbsp;&nbsp;Property Issue - Neighborhood Location | &nbsp;&nbsp;1 |
|  |  | &nbsp;&nbsp;***Total Property Grade (B) Exceptions*** | &nbsp;&nbsp;***3*** |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;1-4 Family Rider is Missing | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Closing Detail Statement Indicator is Missing | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Condo Rider is Missing | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Final CD: Cash to Close (page 1) is incomplete or inaccurate | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Final CD: Closing Cost Detail initial escrow payment missing monthly and/or total fee | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;HPML Loan and Full Appraisal Required | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Late Charge Grace Period is less than 10 days | &nbsp;&nbsp;4 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Late Charge Percent is greater than allowable | &nbsp;&nbsp;4 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Missing Doc - Homeownership Counseling Disclosure/Missing | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Missing HUD-1 Closing Statement | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Missing Prepayment Rider | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Missing US Patriot Act Disclosure or ID | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;No Compliance Findings | &nbsp;&nbsp;47 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;No Compliance Tests Performed | &nbsp;&nbsp;80 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;Principal and Interest payment on note does not match loan terms of the note | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;The Deed of Trust is Incomplete | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;The Final 1003 is Missing | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;A | &nbsp;&nbsp;The Initial 1003 is Missing | &nbsp;&nbsp;1 |
|  |  | &nbsp;&nbsp;***Total Compliance Grade (A) Exceptions*** | &nbsp;&nbsp;***154*** |

---

![](ex9931001.jpg)

**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 149 mortgage loans reviewed, 85 unique mortgage loans (by loan count) had a total of 247 different tape discrepancies across 59 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.

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Field Label** | &nbsp;&nbsp;**Loans With Discrepancy** | &nbsp;&nbsp;**Total Times Compared** | &nbsp;&nbsp;**% Variance** |
| &nbsp;&nbsp;Amortization Term | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;B1 Country Name | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;B1 Individual Tax Identification Number (ITIN)? | &nbsp;&nbsp;12 | &nbsp;&nbsp;149 | &nbsp;&nbsp;8.05% |
| &nbsp;&nbsp;B1 Verified Citizenship Designation | &nbsp;&nbsp;2 | &nbsp;&nbsp;149 | &nbsp;&nbsp;1.34% |
| &nbsp;&nbsp;Balloon Flag | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Borrower 1 Citizen | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Borrower 1 First Name | &nbsp;&nbsp;2 | &nbsp;&nbsp;149 | &nbsp;&nbsp;1.34% |
| &nbsp;&nbsp;Borrower 1 FTHB | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Borrower 1 Last Name | &nbsp;&nbsp;9 | &nbsp;&nbsp;149 | &nbsp;&nbsp;6.04% |
| &nbsp;&nbsp;Borrower 1 Other Income | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Borrower 1 Qualifying Income | &nbsp;&nbsp;6 | &nbsp;&nbsp;149 | &nbsp;&nbsp;4.03% |
| &nbsp;&nbsp;Borrower 1 Rent or Own | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Borrower 1 Self-Employment Flag | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Borrower 1 Years in Current Home | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Borrower 3 Last Name | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Calculated DSCR | &nbsp;&nbsp;13 | &nbsp;&nbsp;149 | &nbsp;&nbsp;8.72% |
| &nbsp;&nbsp;Cash out Include Debt Paid at Close | &nbsp;&nbsp;11 | &nbsp;&nbsp;149 | &nbsp;&nbsp;7.38% |
| &nbsp;&nbsp;Final Reviewed QM Status | &nbsp;&nbsp;3 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.01% |
| &nbsp;&nbsp;Interest Only Flag | &nbsp;&nbsp;13 | &nbsp;&nbsp;149 | &nbsp;&nbsp;8.72% |
| &nbsp;&nbsp;Interest Only Term | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Interest Rate | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Loan Amount | &nbsp;&nbsp;6 | &nbsp;&nbsp;149 | &nbsp;&nbsp;4.03% |
| &nbsp;&nbsp;Loan Origination Application Date | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Loan Origination Company | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |

---

![](ex9931001.jpg)

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Loan Program | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;2 | &nbsp;&nbsp;149 | &nbsp;&nbsp;1.34% |
| &nbsp;&nbsp;Loan Type | &nbsp;&nbsp;12 | &nbsp;&nbsp;149 | &nbsp;&nbsp;8.05% |
| &nbsp;&nbsp;MIN No | &nbsp;&nbsp;2 | &nbsp;&nbsp;149 | &nbsp;&nbsp;1.34% |
| &nbsp;&nbsp;Negative Amortization Flag | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Number of Mortgaged Properties | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;2 | &nbsp;&nbsp;149 | &nbsp;&nbsp;1.34% |
| &nbsp;&nbsp;Originator DSCR | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Prepayment Penalty Calculation | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Primary Appraised Property Value | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Property Address | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Property City | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;13 | &nbsp;&nbsp;149 | &nbsp;&nbsp;8.72% |
| &nbsp;&nbsp;Property Zip Code | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Proposed First Mortgage P&I | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Proposed Hazard Insurance | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Proposed HOA | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Proposed Mortgage Insurance | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Proposed Other | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Proposed Other Financing P&I | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Proposed Real Estate Taxes | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Qualifying Amortization Term | &nbsp;&nbsp;1 | &nbsp;&nbsp;149 | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;Qualifying CLTV | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Qualifying FICO | &nbsp;&nbsp;3 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.01% |
| &nbsp;&nbsp;Qualifying LTV | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Qualifying Total Debt Income Ratio | &nbsp;&nbsp;25 | &nbsp;&nbsp;149 | &nbsp;&nbsp;16.78% |
| &nbsp;&nbsp;Qualifying Total Reserves Number of Months | &nbsp;&nbsp;20 | &nbsp;&nbsp;149 | &nbsp;&nbsp;13.42% |
| &nbsp;&nbsp;Refinance Type | &nbsp;&nbsp;2 | &nbsp;&nbsp;149 | &nbsp;&nbsp;1.34% |
| &nbsp;&nbsp;Reviewed Appraised Property Value | &nbsp;&nbsp;8 | &nbsp;&nbsp;149 | &nbsp;&nbsp;5.37% |
| &nbsp;&nbsp;Sales Price | &nbsp;&nbsp;3 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.01% |
| &nbsp;&nbsp;Underwriting Guideline Name | &nbsp;&nbsp;3 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.01% |
| &nbsp;&nbsp;Underwriting Guideline Product Name | &nbsp;&nbsp;4 | &nbsp;&nbsp;149 | &nbsp;&nbsp;2.68% |
| &nbsp;&nbsp;Underwriting Guideline Version | &nbsp;&nbsp;2 | &nbsp;&nbsp;149 | &nbsp;&nbsp;1.34% |
| &nbsp;&nbsp;Underwriting Guideline Version Date | &nbsp;&nbsp;2 | &nbsp;&nbsp;149 | &nbsp;&nbsp;1.34% |
| &nbsp;&nbsp;Verified Doc Type | &nbsp;&nbsp;7 | &nbsp;&nbsp;149 | &nbsp;&nbsp;4.70% |

---

![](ex9931001.jpg)

**Event Grade Definitions**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Final Loan Grade** | &nbsp;&nbsp;**Final Loan Grade** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;Loan meets Credit, Compliance, and Property 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. |

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![](ex9931001.jpg)

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| | |
|:---|:---|
| &nbsp;&nbsp;**Property Event Grades** | &nbsp;&nbsp;**Property 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. |

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## Exhibit 99.32

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.32**

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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 | 4350118228 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5760930 | 1 of 3 | 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 | 4350118228 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5760938 | 2 of 3 | 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 | 4350118228 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5760948 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118314 | 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 | 6201049 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118314 | 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 | 6201051 | 2 of 3 | 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 | 4350118314 | 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 | 6201052 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118239 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6017319 | 1 of 3 | 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 | 4350118239 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6017320 | 2 of 3 | 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 | 4350118239 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6017321 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118243 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5964734 | 1 of 3 | XXXX | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not contain the required 3rd party valuation product. <br>|  | Document Uploaded. If this is not what you are looking for please provide clarification as to what you would need so I can get it to you ASAP. - XXXX | Document Uploaded. - XXXX<br>Loan Safe Provided. Condition has been resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118243 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5964939 | 2 of 3 | 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 | 4350118243 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5964942 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118230 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5766085 | 1 of 3 | 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 | 4350118230 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5766095 | 2 of 3 | 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 | 4350118230 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5769891 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118231 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | 5802571 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118231 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | 5802572 | 2 of 3 | 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 | 4350118231 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | 5809151 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118236 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5964040 | 1 of 3 | 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 | 4350118236 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5964043 | 2 of 3 | 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 | 4350118236 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5964050 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118238 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5991046 | 1 of 3 | 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 | 4350118238 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5991054 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118238 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5991061 | 3 of 3 | 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 | 4350118229 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5681783 | 1 of 3 | 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 | 4350118229 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5681785 | 2 of 3 | 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 | 4350118229 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5687727 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118237 | 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 | 5963147 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118237 | 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 | 5963149 | 2 of 3 | 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 | 4350118237 | 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 | 5964732 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118233 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5695912 | 1 of 3 | 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 | 4350118233 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5695913 | 2 of 3 | 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 | 4350118233 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5696131 | 3 of 3 | XXXX | Credit | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Per guidelines, on DSCR transactions a 12-month mortgage history is required for the borrower/guarantor's primary residence and subject property only. Per the credit report, the borrower's primary residence is only reporting for 5 months. Please provide the 12 month pay history for XXXX XXXX XXXX. <br>|  | Document Uploaded. The 1003 was incorrect with the housing history - updated 1003 provided. VOR for previous residence & lox and payment history on new primary residence - XXXX<br>|  |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118245 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5903160 | 1 of 4 | XXXX | Credit | Borrower 1 Credit Report is Missing | Borrower 1 credit report is missing. Provide credit report to show no credit scores reported per guideline requirements. <br>|  | The borrower is a foreign national - they do not have a social security number or ITIN, not do they reside in the US therefore there is no credit report with scores. We use a defaulted credit score of 680. Please waive this finding. - XXXX<br>| Borrower 1 Credit Report is not missing. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118245 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5904031 | 2 of 4 | 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 | 4350118245 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5904036 | 3 of 4 | 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 | 2 |
| XXXX | XXXX | 4350118245 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5960671 | 4 of 4 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Foreign National borrower, Rate-Term Refinance Transaction with a DSCR score under 1.0 - A formal exception is in file. <br>|  |  |  | Compensating factors used were 70% or less LTV, and Reserves 4 months greater than program minimum. | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350118246 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6028423 | 1 of 3 | 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 | 4350118246 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6028431 | 2 of 3 | 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 | 4350118246 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6028434 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118235 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5892850 | 1 of 3 | 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 | 4350118235 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5892852 | 2 of 3 | 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 | 4350118235 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5931765 | 3 of 3 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The cash-out transaction does not meet guideline requirements. The loan involves a cash-out refinance of an investment property located in XXXX, with the borrower identified as a foreign national. Per program guidelines, foreign nationals are ineligible for cash-out refinance transactions, and all condominium properties in XXXX require an exception for refinance transactions. A formal exception has been documented in the loan file. <br>|  |  |  | LTV 70 or under. Reserves are 4 months greater than the program minimum. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118244 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 5906444 | 1 of 5 | 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 | 4350118244 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 5961783 | 2 of 5 | XXXX | Credit | Borrower 1 Credit Report is Missing | Borrower 1 credit report is missing. Guidelines require a credit report for Foreign Nationals to show no credit scores reported. <br>|  | The borrower is a foreign national. There is no credit report for these borrowers. We use a defaulted credit score of 680. They do not live in the US, they do not have a social security number or ITIN number in order for credit to be pulled. Please waive this condition. - XXXX<br>| Lender guideline clarification provided, condition voided. - XXXX<br>|  | XXXX | Void | 4 |  | 4 | 1 |
| XXXX | XXXX | 4350118244 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 5961784 | 3 of 5 | XXXX | Credit | Borrower 2 Credit Report is Missing | Borrower 2 credit report is missing. Guidelines require a credit report for Foreign Nationals to show no credit scores reported. <br>|  | The borrower is a foreign national. There is no credit report for these borrowers. We use a defaulted credit score of 680. They do not live in the US, they do not have a social security number or ITIN number in order for credit to be pulled. Please waive this condition. - XXXX<br>| Lender guideline clarification provided, condition voided. - XXXX<br>|  | XXXX | Void | 4 |  | 4 | 1 |
| XXXX | XXXX | 4350118244 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 5961860 | 4 of 5 | XXXX | Compliance | Condo Rider is Missing | Condo Rider is missing. Per legal description and confirmed by 1004 appraisal report, subject property is a condominium. <br>|  | Document Uploaded. - XXXX<br>| Completed DOT with all riders was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118244 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 5962045 | 5 of 5 | XXXX | Credit | Title Commitment - Other | There are additional findings regarding the title commitment. Guidelines require Alta XXXX endorsement or its equivalent. The title commitment nor the Closing Instructions specify an Alta XXXX or equivalent will be issued. <br>|  | Document Uploaded. - XXXX<br>| Final Signed Title and DOT were provided as required. Condition is resolved. - XXXX<br>|  | XXXX | Resolved | 2 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118242 | 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 | 5962651 | 1 of 3 | 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 | 4350118242 | 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 | 5968198 | 2 of 3 | 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).  |  | Document Uploaded. - XXXX<br>| Finding set in error - XXXX<br>|  | XXXX | Void | 3 |  | 3 | 1 |
| XXXX | XXXX | 4350118242 | 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 | 5968218 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118313 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6086222 | 1 of 4 | XXXX | Compliance | Late Charge Grace Period is less than 10 days | Late charge grace period is less than 10 days. <br>|  | Document Uploaded. see information from our compliance department - XXXX<br>| Concur, considered business purpose inXXXXand grace period does not apply - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118313 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6086223 | 2 of 4 | XXXX | Compliance | Late Charge Percent is greater than allowable | Late charge percent is greater than allowable. <br>|  | see other email - XXXX<br>| Concur, considered business purpose inXXXXand late fee percentage does not apply - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118313 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6090240 | 3 of 4 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118313 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6090241 | 4 of 4 | 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 | 4350118241 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6119414 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118241 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6119443 | 2 of 3 | 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 | 4350118241 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6119445 | 3 of 3 | 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 | 4350118240 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6162988 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118240 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6162999 | 2 of 3 | 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 | 4350118240 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6163001 | 3 of 3 | 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 | 4350118227 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5646900 | 1 of 3 | 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 | 4350118227 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5646901 | 2 of 3 | 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 | 4350118227 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5646902 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118277 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6201628 | 1 of 5 | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. CLTV exceeds guideline of 70%. A formal exception is in the file. <br>|  |  |  | Compensating factors include High FICO of 725 and reserves in excess of 3 months > requirement. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118277 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6201629 | 2 of 5 | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. HCLTV exceeds guideline of 70%. A formal exception is in the file. <br>|  |  |  | Compensating factors include High FICO of 725 and reserves in excess of 3 months > requirement. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118277 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6201630 | 3 of 5 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. LTV exceeds guideline of 70%. A formal exception is in the file. <br>|  |  |  | Compensating factors include High FICO of 725 and reserves in excess of 3 months > requirement. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118277 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6201644 | 4 of 5 | 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 | 4350118277 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6201648 | 5 of 5 | 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 | 4350118232 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5201697 | 1 of 4 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. A formal exception is in the loan file to allow transferred appraisal. It was approved subject to: Appraiser will need to add a comment about security bars on windows, do they have safety release valves. However, the appraiser stated that he observed no security release valves. Provide acceptable evidence safety releases are in place. <br>|  | Document Uploaded. - XXXX <br>this is not required as per our overlays - we can accept a transferred appraisal without an exception - XXXX<br>| Completion reports states all required updates were completer. Safety bars have been removed from subject property windows. - XXXX<br>The overlays do not exclude safety issues. Under Property Condition in the guidelines, we must ensure no health or safety issues (As noted by appraiser.etc.) The appraiser stated that he observed no security release valves. Provide acceptable evidence safety releases are in place. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118232 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5201698 | 2 of 4 | 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 | 4350118232 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5208815 | 3 of 4 | XXXX | Compliance | Final CD: Cash to Close (page 1) is incomplete or inaccurate | Final CD page 137 does not detail the prepayment penalty. However, a prepayment addendum to Note and Prepayment Rider to Sec/Int. are located in the file. Provide Final CD with details of the prepayment penalty. <br>|  | Document Uploaded. - XXXX<br>| Received CD reflecting PPP - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118232 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5208824 | 4 of 4 | XXXX | Compliance | Final CD: Closing Cost Detail initial escrow payment missing monthly and/or total fee | Final CD provided states " No escrows". However, the first payment letter and Initial escrow account disclosure details payment is escrowed. Provide Final CD with details of the escrowed amounts. <br>|  | Document Uploaded. - XXXX<br>| Received CD reflecting escrows - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118226 | 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 | 5693651 | 1 of 3 | 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 | 4350118226 | 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 | 5693652 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118226 | 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 | 5706274 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118301 | 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 | 5949355 | 1 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118301 | 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 | 6042790 | 2 of 3 | XXXX | Credit | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Coverage Amount - Hazard insurance amount is less than required coverage amount. Coverage A is $XXXX <br>|  | Document Uploaded. - XXXX<br>| Received RCE verifying coverage is adequate. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118301 | 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 | 6042811 | 3 of 3 | XXXX | Property | No Property Findings | Loan meets applicable appraisal guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118302 | 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 | 6170548 | 1 of 3 | 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 | 4350118302 | 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 | 6170568 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118302 | 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 | 6173784 | 3 of 3 | XXXX | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows uncleared alerts. The fraud report in file has a 0 score with 1 open high alert; Undisclosed Debt Monitoring has identified a payment increase in the tradeline. Alert was cleared on XXXX then reopened on XXXX <br>|  | Document Uploaded. - XXXX<br>| Drive Report/UDM provided and clear. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118180 | 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 | 5985630 | 1 of 3 | 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 | 4350118180 | 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 | 5985635 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118180 | 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 | 5987339 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118214 | 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 | 5981253 | 1 of 3 | 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 | 4350118214 | 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 | 5981261 | 2 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118214 | 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 | 5991696 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6230558 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6230559 | 2 of 3 | XXXX | Property | No Property Findings | Loan meets applicable appraisal guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6240421 | 3 of 3 | 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 | 4350118223 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6162376 | 1 of 3 | 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 | 4350118223 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6162382 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118223 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6162386 | 3 of 3 | 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 | 4350118204 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5966650 | 1 of 2 | 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 | 4350118204 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5966652 | 2 of 2 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118278 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6222919 | 1 of 5 | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. CLTV exception was approved. <br>|  |  |  | Compensating factors include a high FICO of 711 and DSCR >1. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118278 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6222920 | 2 of 5 | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. HLTV exception was approved. <br>|  |  |  | Compensating factors include a high FICO of 711 and DSCR >1. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118278 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6222921 | 3 of 5 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. LTV exception was approved. <br>|  |  |  | Compensating factors include a high FICO of 711 and DSCR >1. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118278 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6222953 | 4 of 5 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350118278 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6222959 | 5 of 5 | 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 | 4350118269 | 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 | 6158361 | 1 of 4 | 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 on the final cd is XXXX; however the documents were not executed until XXXX, and the RTC would not expire until XXXX <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. Please see attached final SS.The Disbursement date should be XXXX. - XXXX<br>| Received PCCD correcting the disbursement date - XXXX<br>Resolved - XXXX<br>The settlement statement provided does not disclose the disbursement date. Please provide a PCCD with correct information. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118269 | 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 | 6168152 | 2 of 4 | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Unable to locate the final CD's for 2 recently refinanced or acquired investment properties, to accurately calculate the rent/rent loss. Property located at XXXX mortgage with XXXX. Property located at XXXX <br>|  | Document Uploaded. - XXXX<br>| Mortgage Statements provided. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118269 | 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 | 6168674 | 3 of 4 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Unable to locate the 1008 or loan approval in the loan file. <br>|  | Document Uploaded. - XXXX<br>| 1008 was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118269 | 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 | 6168689 | 4 of 4 | 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 | 4350118250 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6012226 | 1 of 6 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The subject loan amortization type is a XXXX year interest-only, when the guidelines do not offer this as an allowed amortization type. The loan exception already in file does not include an approval for the XXXX year interest-only amortization type. <br>|  | Document Uploaded. attached exception. - XXXX<br>| Exception Approval was provided for loan type. Loan is Delayed Financing. Condition waived. - XXXX<br>| High FICO over program requires | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6012228 | 2 of 6 | 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 | 4350118250 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6012229 | 3 of 6 | 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 | 4350118250 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6030800 | 4 of 6 | XXXX | Credit | Approval/Underwriting Summary Deficient | Approval/Underwriting Summary is deficient. 1008, Loan Approval, and Loan Exception show subject transaction is a refinance cash out, when the final Settlement Statement supports a Rate/Term refinance transaction. The subject loan is not eligible as a refinance cash out as it was acquired four months prior to the subject Note Date. <br>|  | Document Uploaded. This is a delayed financing which is considered a cash out refinance. Delayed financing documents uploaded again. - XXXX<br>| Subject is Delayed Financing. Delayed Financing documents were provided, condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6030803 | 5 of 6 | XXXX | Credit | LLC / Corp: Operating Agreement does not include authorization to borrow and designee | The Corporation/LLC: Operating Agreement does not include sufficient authorization. Missing corporate resolutions from XXXX Group and XXXX LLC authorizing the transfer of the subject property to XXXX LLC and the authorization to encumber the subject by all corporate owners of XXXX LLC. Subject property was acquired XXXX by XXXX Group LLC, where Guarantor is 25% owner per Operating Agreement. Subject was transferred from XXXX Group LLC to XXXX LLC through the subject transaction on XXXX per Note Date, where Guarantor is 50% owner of XXXX LLC per Operating Agreement. No corporate resolutions were provided to show borrower was authorized by corporate members to transfer and then encumber subject property. <br>|  | Document Uploaded. attached operating agreement for XXXX Group - XXXX<br>| LLC Operating Agreement was provided and shows authorization. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6030818 | 6 of 6 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. A formal exception is located in the loan file for LTV/CLTV exceeding guideline requirements. <br>|  |  |  | Reserves exceed guideline minimum requirement. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118200 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5953811 | 1 of 5 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Subject is a cash out refinance with an LTV of 75%; maximum allowed per guidelines is 70%. A formal exception is located in the file. <br>|  |  |  | Loan approved based on a high credit score and high DSCR. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118200 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5953821 | 2 of 5 | 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 | 4350118200 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5953822 | 3 of 5 | 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 | 4350118200 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5978640 | 4 of 5 | XXXX | Credit | Missing Lease Agreement | Missing a complete copy of the fully executed lease agreement for the subject property. <br>|  | Document Uploaded. - XXXX<br>| Received complete lease agreement - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118200 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5978743 | 5 of 5 | XXXX | Credit | Income - Rental Property | Rental income is not properly documented and/or supported. Missing evidence the borrower has received the two most recent months of rental income for the subject property. Subject to re-evaluation of the DSCR score. <br>|  | Document Uploaded. - XXXX<br>| A formal exception provided to waive the guideline requirement of verifying 2 months receipt of rental income. - XXXX<br>| Loan approved based on High FICO over program requirement and High DSCR. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118209 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5951745 | 1 of 3 | 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 | 4350118209 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5951746 | 2 of 3 | 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 | 4350118209 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5980492 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118199 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5964737 | 1 of 3 | XXXX | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not meet guideline requirements. Unable to locate a 12 month mortgage history for the subject property. Please provide the mortgage history. <br>|  | Per our guidelines, only if the subject property is on the credit report, then, we must verify 12 months no late payments/mortgage history. Also borrower did not have the mortgage under her name, therefore unable to provide mortgage history information. - XXXX<br>| Per lender clarification received, mortgage history not required as not in the borrowers name and not on borrower credit report, condition resolved - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118199 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5965489 | 2 of 3 | 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 | 4350118199 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5965490 | 3 of 3 | 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 | 4350118198 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5946491 | 1 of 4 | XXXX | Property | Appraisal is Missing | The file is missing the appraisal. Provide full appraisal for subject property with 1007 market rent determined, to support a minimum of $XXXX property value per 1008. <br>|  | Document Uploaded. attached. - XXXX<br>| Received appraisal report with no issues noted. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5947070 | 2 of 4 | 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. - XXXX<br>| XXXX SSR/CU in file with score of 1.0. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5947260 | 3 of 4 | 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 | 4350118198 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5947266 | 4 of 4 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118304 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6303644 | 1 of 3 | 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 | 4350118304 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6303655 | 2 of 3 | 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 | 4350118304 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6303674 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118280 | 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 | 6221335 | 1 of 5 | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. The review CLTV of 80% exceeds the guideline maximum of 70%. There is an exception approval in the loan file. <br>|  |  |  | High FICO over program requirement<br> DTI more than 10% below program | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118280 | 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 | 6221336 | 2 of 5 | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. The review HLTV of 80% exceeds the guideline maximum of 70%. There is an exception approval in the loan file. <br>|  |  |  | High FICO over program requirement<br> DTI more than 10% below program | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118280 | 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 | 6221337 | 3 of 5 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. The review LTV of 80% exceeds the guideline maximum of 70%. There is an exception approval in the loan file. <br>|  |  |  | High FICO over program requirement<br> DTI more than 10% below program | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118280 | 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 | 6221373 | 4 of 5 | 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 | 4350118280 | 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 | 6255259 | 5 of 5 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350118201 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5952164 | 1 of 4 | 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 | 4350118201 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5952165 | 2 of 4 | 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 | 4350118201 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5981324 | 3 of 4 | XXXX | Credit | Program Parameters - LTV | The subject loan does not meet program parameters for LTV. The subject LTV does not meet guidelines. 75% LTV/CLTV refinance cash out transaction with $XXXX loan amount and 756 credit score when maximum guideline LTV would be 70% - A formal exception is in file. <br>|  | Compensating factor: 22 months reserves - 19 months more than guideline minimum. - XXXX <br>|  | Compensating factor used was 756 credit score - 76 points more than guideline minimum. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118201 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5981350 | 4 of 4 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Lease provided is for a one-year sublease to a corporate LLC that, in turn, may enter into one or more sublease agreements with various tenants, with no rental income guarantee. Borrower would receive 75% of projected annual rent estimated as $XXXX annual ($XXXX.). Originator requested to use 125% of the 1007 market rent amount of $XXXX/mo., which is $XXXX in the DSCR calculation. A formal exception is in file. <br>|  | Compensating factor 22 months reserves - 19 months more than guideline minimum reserves. - XXXX <br>|  | Compensating factor used was 756 credit score - 76 points more than guideline minimum credit score. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118251 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6127157 | 1 of 3 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. For Rate/Term and Cash-Out refinance transactions where the subject property is tenant-occupied, a current executed lease agreement must be provided. A formal exception is in the loan file. <br>|  |  |  | Credit score higher than minimum required. High DSCR ratio. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118251 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6127158 | 2 of 3 | 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 | 4350118251 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6127160 | 3 of 3 | 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 | 4350118265 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5962994 | 1 of 3 | 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 | 4350118265 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6056690 | 2 of 3 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Income used is P&L, ALT Doc Option 7. LTV of 65% exceeds the guideline maximum of 60% for Cash out under Option 7. No exception was located in the documents provided. . <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Condition waived due to exception waiver being provided. - XXXX<br>Condition upheld. Per guidelines: P&L Only (Option 7) FICO 680, Cash-out, Max LTV is 60%. Loan was approved at 65%. Provide exception. - XXXX<br>| DTI 30.52%, Reserves 12 months+ | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118265 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6056724 | 3 of 3 | 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 | 4350118256 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6157392 | 1 of 3 | 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 | 4350118256 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6157431 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118256 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6157440 | 3 of 3 | 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 | 4350118222 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6161679 | 1 of 3 | 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 | 4350118222 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6161685 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118222 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6161737 | 3 of 3 | 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 | 4350118215 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5971139 | 1 of 3 | XXXX | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T missing from the file. <br>|  | Document Uploaded. - XXXX<br>| Borrower 1 Executed 4506-T Provided - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118215 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5973442 | 2 of 3 | 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 | 4350118215 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5977737 | 3 of 3 | XXXX | Property | No Property Findings | Loan meets applicable appraisal guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118206 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6031299 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118206 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6031300 | 2 of 3 | 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 | 4350118206 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6043178 | 3 of 3 | 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 | 4350118247 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6126700 | 1 of 3 | 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 | 4350118247 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6126701 | 2 of 3 | 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 | 4350118247 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6138110 | 3 of 3 | XXXX | Credit | DSCR does not meet Guidelines | The subject DSCR does not meet guideline requirements. Subject is an interest only loan. The guidelines do not cite the DSCR is calculated on the ITIA, only the PITIA. If the DSCR is based on the ITIA the score is 0.887%, but if it is based on the PITIA, the DSCR score is 0.691%, which does not meet guidelines. Please provide clarification the DSCR score is based on the ITIA. <br>|  | Document Uploaded. attached exception. - XXXX<br>| Exception form provided - XXXX<br>| 3 months reserves greater than program requirement, High FICO over program requires | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118252 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6179242 | 1 of 4 | 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 | 4350118252 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6197656 | 2 of 4 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The guidelines do not allow cash out with less than 6 months seasoning. A formal exception is in the file. <br>|  |  |  | The exception was approved based on a high credit score. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118252 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6198595 | 3 of 4 | XXXX | Property | Property Issue - Ineligible Property | The subject is an ineligible property and not allowed per guidelines. A formal exception is in the file for the property being vacant. <br>|  |  |  | The exception was approved due to high credit scores. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118252 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6198636 | 4 of 4 | XXXX | Credit | Program Parameters - Borrower/Business Entity Ineligibility | Program Parameters - Borrower/Business Entity Ineligibility. A formal exception was provided for a multi-layered entity with the borrower not as 100% guarantor. <br>|  |  |  | The exception was approved due to high credit scores. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118173 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6211469 | 1 of 3 | 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 | 4350118173 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6265215 | 2 of 3 | 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 | 4350118173 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6391600 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  | The loan meets all applicable credit guidelines. - XXXX<br>|  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118273 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6184682 | 1 of 5 | XXXX | Property | Appraisal is Missing | The file is missing the appraisal. <br>|  | Document Uploaded. - XXXX<br>| Document Uploaded. - XXXX<br>Document Uploaded. - XXXX<br>Complete Appraisal with 1007 was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118273 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6184683 | 2 of 5 | XXXX | Credit | Income - Comparable Rent Schedule Form 1007 Missing | The loan file did not contain the comparable rent schedule form 1007 as required. The file does not contain documentation to support the rental income used to qualify. Additional conditions may apply upon receipt. <br>|  | Document Uploaded. - XXXX<br>| Complete Appraisal with 1007 was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118273 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6197228 | 3 of 5 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Please clarify. The cash out seasoning guidelines appear to be conflicting. It states 6 months seasoning is required for a transaction to be eligible for cash out. Two bullet points below states, if the subject was purchased within 6 months prior, the lesser value plus documented improvements must be used. Per the guidelines it appears this loan does not qualify for cash out at all as it was purchased on XXXX XXXX <br>|  | Document Uploaded. This is a delayed financing loan. Documents attached again. - XXXX<br>| Subject Transaction is Delayed Financing and conforms to Guidelines. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118273 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6197277 | 4 of 5 | 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 | 4350118273 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6197716 | 5 of 5 | XXXX | Credit | Borrower 1 Lease Agreements Missing | Borrower 1 Lease Agreements missing from the file. A lease agreement is required. A formal exception was provided to use market rent from the appraisal. <br>|  |  |  | The exception was approved based on high credit scores. | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350118207 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5989261 | 1 of 3 | 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 | 4350118207 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5989296 | 2 of 3 | 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 | 4350118207 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5994639 | 3 of 3 | XXXX | Credit | Asset 1 Less Than 2 Months Verified | Asset has less than 2 months verified in file. Guidelines require one month of bank statements, but the statement provided only covers 10 days. Please provide verification of assets covering a one month period. <br>|  | Document Uploaded. attached. - XXXX<br>| Formal exception provided due to transfer of funds from XXXX | Loan approved based on 3 months reserves greater than program requirement and High FICO over program requirements | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118283 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5923938 | 1 of 5 | XXXX | Credit | Asset 1 Does Not Meet Guideline Requirements | Asset does not meet G/L Requirements. XXXX Asset #XXXX is dated more than 60 days from the Note Date <br>|  | This asset will not be used. - XXXX<br>| Asset Record 1 Meets G/L Requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118283 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5923947 | 2 of 5 | XXXX | Credit | Asset 2 Does Not Meet Guideline Requirements | Asset does not meet G/L Requirements. XXXX Asset #XXXX is dated more than 60 days from the Note Date <br>|  | This asset will not be used. - XXXX<br>| Asset 2 is not being used. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118283 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5923998 | 3 of 5 | XXXX | Credit | Asset 3 Does Not Meet Guideline Requirements | Asset does not meet G/L Requirements. XXXX #XXXX appears to be missing pages. Also does not meet requirement for a VOD as it is missing how long account has been opened for. <br>|  | Document Uploaded. Attached. - XXXX<br>| Full Bank statement was provided for XXXX. This asset account is only being used. The two XXXX Accounts and not verified and not being used per Lender. Condition is resolved. - XXXX<br>Asset Record 3 Meets G/L Requirements Or Not Applicable - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118283 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5924015 | 4 of 5 | 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 | 4350118283 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5924018 | 5 of 5 | 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 | 4350118318 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6293669 | 1 of 6 | XXXX | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Unable to locate a VOM for the mortgage being paid off, the mortgage is not reporting on the credit report. <br>|  | Subject mortgage is a delay financing. Delay financing docs were provided. - XXXX<br>| Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6293691 | 2 of 6 | XXXX | Compliance | Closing Detail Statement Indicator is Missing | Closing Detail Statement Indicator is Missing. <br>|  | Our business purpose settlement statement is the closing statement. - XXXX<br>| Signed final Settlement statement in the file. - XXXX<br>Closing Detail Statement Indicator is not Missing. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6294055 | 3 of 6 | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. The CLTV of 75% exceeds the guideline maximum of 70%. There is an exception approval in the file. <br>|  |  |  | High FICO over program requires | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6294056 | 4 of 6 | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. The HLTV of 75% exceeds the guideline maximum of 70%. There is an exception approval in the file. <br>|  |  |  | High FICO over program requires | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6294057 | 5 of 6 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. The LTV of 75% exceeds the guideline maximum of 70%. There is an exception approval in the file. <br>|  |  |  | High FICO over program requires | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6294136 | 6 of 6 | 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 | 2 |
| XXXX | XXXX | 4350118196 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5924084 | 1 of 6 | XXXX | Credit | Missing Lease Agreement | Rental income = lower of Lease agreement or market rent survey from appraisal report. The higher 12-month lease agreement amount may be used with evidence of the 2 months most recent, consecutive history of timely receipt and the lease agreement amount may not be greater than 125% of the market rent from appraisal report. The tape DSCR is 1.36. It appears originator used higher lease amount $XXXX. Missing the lease agreements supporting $XXXX and $XXXX and 2 months receipt in order to use the higher $XXXX for DSCR on tape.  |  | Rental income = lower of Lease agreement or market rent survey from appraisal report. An exception is in the loan file. - XXXX <br>Document Uploaded. attached exception. - XXXX<br>| Rental income = lower of Lease agreement or market rent survey from appraisal report. An exception is in the loan file. - XXXX<br>Rental income = lower of Lease agreement or market rent survey from appraisal report. An exception is in the loan file. - XXXX<br>| The appraiser verified current rent per month $XXXX. Approved due to High DSCR. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118196 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5924113 | 2 of 6 | 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 | 4350118196 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5924115 | 3 of 6 | 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 | 4350118196 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5949913 | 4 of 6 | XXXX | Property | Property Issue - Illegal; non-conforming property | The subject property was zoned illegal, non-conforming and unacceptable. <br>|  |  | The property is 2 units. ADU's are not allowed for a 2 unit property. A formal exception is in the file. - XXXX<br>| The property is a 2 unit property, no comps used with ADU appraisal. The borrower has a high FICO over program requirement. The DSCR is high. | XXXX | Void | 2 |  | 3 | 2 |
| XXXX | XXXX | 4350118196 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6057342 | 5 of 6 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. <br>|  |  | The subject loan does not conform to program guidelines. ADU's are not allowed for a 2 unit property. A formal exception is in the file. - XXXX<br>|  | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118196 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6057350 | 6 of 6 | XXXX | Property | No Property Findings | Loan meets applicable appraisal guidelines. <br>|  |  | Loan meets applicable appraisal guidelines. - XXXX<br>|  | XXXX | Void | 1 |  | 3 | 2 |
| XXXX | XXXX | 4350118197 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5952312 | 1 of 3 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Subject LTV of 75% exceeds the maximum allowed LTV of 70% for a cash out refinance transaction. Please provide a formal exception. <br>|  | Document Uploaded. - XXXX<br>| Received a formal exception for a cash out refinance at 75% LTV; maximum allowed is 70%. - XXXX<br>| Loan approved based on High FICO over program requirements | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118197 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5952313 | 2 of 3 | 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 | 4350118197 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5952316 | 3 of 3 | 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 | 4350118218 | 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 | 6039261 | 1 of 5 | 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 | 4350118218 | 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 | 6039707 | 2 of 5 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118218 | 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 | 6041916 | 3 of 5 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Subject has an LTV of 80%. Guidelines cite the maximum LTV for the P&L Statement program is 75%. Please provide a formal exception for the LTV. <br>|  | Document Uploaded. - XXXX<br>| A formal exception has been provided for an 80% LTV; maximum allowed per guidelines is 75% for the P&L Statement program. - XXXX<br>| Loan approved based on High FICO over program requirements | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118218 | 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 | 6042526 | 4 of 5 | XXXX | Credit | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Audited reserves months are less than the guideline required reserve months. The audited reserves are 3.79 months ($XXXX). Guidelines require 6 months reserves (3 months for loan amount < $XXXX with an LTV > 75% + 3 additional months for the P&L Statement program). The borrower is short $XXXX in verified reserves. Please provide additional asset statements or a formal exception form. <br>|  | Exception form provided requested for 3 months reserves exception on it. - XXXX <br>Document Uploaded. - XXXX<br>| Received exception - XXXX<br> The exception provided is for an 80% LTV and only 3 months reserves required, but the actual required reserves are 6 months (3 months for loan amount < $XXXX with an LTV > 75% + 3 additional months for the P&L Statement program). Please provided an updated formal exception form. - XXXX | FICO over program guidelines | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118218 | 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 | 6042645 | 5 of 5 | XXXX | Credit | Income - Guideline Requirements | The income documents provided in the loan file did not meet guidelines. Guidelines cite the tax professional license must be verified. A PTIN number was used in lieu of accountant license. A formal exception was provided. <br>|  |  |  | Loan approved based on the DTI is more than 10% below program requirements | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118249 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6184885 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118249 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6196314 | 2 of 3 | 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 | 4350118249 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6196326 | 3 of 3 | 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 | 4350118208 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5980363 | 1 of 3 | 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 | 4350118208 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5980368 | 2 of 3 | 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 | 4350118208 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5990581 | 3 of 3 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Borrower is a First Time Homebuyer (FTHB) with an LTV of 75%. Guidelines cite for FTHB the maximum LTV is 70%. Please provide a formal exception. <br>|  | Document Uploaded. - XXXX<br>| Borrower is a First Time Homebuyer (FTHB) with an LTV of 75%. Guidelines cite for FTHB the maximum LTV is 70%. A formal exception has been provided. - XXXX<br>| Loan approved based on High FICO over program requirements and High DSCR | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118248 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6145751 | 1 of 4 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Per guidelines, First Time Home Buyers ("FTHB") are allowed on an exception basis. A formal exception is located in the loan file. <br>|  |  |  | High credit scores over program requirements. | XXXX | Waived |  |  | 2 | 2 |
| XXXX | XXXX | 4350118248 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6145778 | 2 of 4 | 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 | 4350118248 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6152942 | 3 of 4 | 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 | 4350118248 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6153134 | 4 of 4 | XXXX | Credit | Program Parameters - LTV | The subject loan does not meet program parameters for LTV. The subject LTV does not meet guidelines. MAX LTV allowed per guideline is 65% FTHB due to 5% reduction. A formal exception in the file. <br>|  |  |  | High FICO over program requires | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118190 | 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 | 6041585 | 1 of 3 | XXXX | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. Exception approved to allow credit score of 659 which is below minimum required score of 680. <br>|  |  |  | Compensating factors include DTI 10% or more below program maximum and reserves of more than 3 months over the required amount. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118190 | 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 | 6041625 | 2 of 3 | 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 | 4350118190 | 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 | 6041736 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350118284 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6104329 | 1 of 4 | 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 | 4350118284 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6104444 | 2 of 4 | XXXX | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. The minimum credit score is 680; borrower has a credit score of 659. A formal exception form is in the file. <br>|  |  |  | Loan approved based on low LTV, Good housing history, low DTI. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118284 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6104909 | 3 of 4 | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. The PITIA reflected on the mortgage XXXX do not match the final loan application. Please provide documentation supporting the higher PITIA on the loan application for these properties. <br>|  | Document Uploaded. Updated credit report and 1003 attached with matching PITIA. - XXXX<br>| Documents provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118284 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6123157 | 4 of 4 | 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 | 4350118282 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6217048 | 1 of 5 | XXXX | Credit | Hazard Insurance - Other Insurance Incomplete | The policy verifying other property insurance is not complete. Provide required min of 12 months rent loss verification. Guidelines state to Follow XXXX insurance requirement for any insurance requirements the guideline is silent. <br>|  | Condition resolved. Guidelines were met. - XXXX <br> Our policy requires 6 months rent loss of PITIA. Insurance has $XXXX which satisfies. - XXXX | Condition resolved. Guidelines were met. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118282 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6218401 | 2 of 5 | XXXX | Credit | Assets - Earnest Money Deposit | The earnest money deposit was not properly documented and/or sourced. Must provide 1 full month bank statements from XXXX Business account for XXXX checking XXXX (EMD was withdrawn from this account, and guidelines require 1 full month statement to validate the account) <br>|  | Document Uploaded. attached. - XXXX<br>| Bank statement provided showing wire to title. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118282 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6218426 | 3 of 5 | XXXX | Credit | Asset 1 Missing | Provide 1 full month forXXXX business bank (EMD withdrawal). Guidelines require one month asset history and EMD came from a business account that was not documented. Asset documentation is missing from the file. <br>|  | Document Uploaded. attached. - XXXX<br>| Asset 1 Provided - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118282 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6232179 | 4 of 5 | 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 | 4350118282 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6232183 | 5 of 5 | 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 | 4350118253 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6051849 | 1 of 3 | XXXX | Credit | Assets - Insufficient Cash to Close or Reserves | Liquid Funds Post-Close of '$-XXXX', are less than $0. Borrower(s) total verified assets are insufficient for cash to close or reserves. Short -$XXXX Total assets verified in account are $XXXX per XXXX #XXXX statement provided. <br>|  | Document Uploaded. - XXXX<br>| Wire to Title from Borrower was provided. Condition resolved. - XXXX<br> Liquid Funds Post-Close are greater than or equal to $XXXX. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118253 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6054699 | 2 of 3 | 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 | 4350118253 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6054705 | 3 of 3 | 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 | 4350118267 | 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 | 6216000 | 1 of 3 | 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 | 4350118267 | 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 | 6216001 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118267 | 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 | 6231168 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  | Hi team,<br> Any assistance we need to provide to clear this condition? - XXXX<br>|  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118192 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6030478 | 1 of 3 | 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 | 4350118192 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6030480 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118192 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6030482 | 3 of 3 | 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 | 4350118257 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6147794 | 1 of 3 | 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 | 4350118257 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6147796 | 2 of 3 | 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 | 4350118257 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6147797 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118272 | 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 | 6178633 | 1 of 5 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118272 | 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 | 6204756 | 2 of 5 | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. The audited CLTV of 80% exceeds the guideline maximum of 75% <br>|  | Document Uploaded. - XXXX<br>| Exception form provided for: LTV/CLTV/HCLTV of 80% exceeds the guideline maximum of 75% - XXXX<br>| Reserves of 29 months. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118272 | 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 | 6204757 | 3 of 5 | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. The audited HLTV of 80% exceeds the guideline maximum of 75% <br>|  | Document Uploaded. - XXXX<br>| Exception form provided for: LTV/CLTV/HCLTV of 80% exceeds the guideline maximum of 75% - XXXX<br>| 29 months reserves. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118272 | 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 | 6204758 | 4 of 5 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. The audited LTV of 80% exceeds the guideline maximum of 75% <br>|  | Document Uploaded. - XXXX<br>| Exception form provided for: LTV/CLTV/HCLTV of 80% exceeds the guideline maximum of 75% - XXXX<br>| 29 months reserves | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118272 | 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 | 6204759 | 5 of 5 | 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 | 4350118266 | 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 | 6215185 | 1 of 2 | 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 | 4350118266 | 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 | 6215826 | 2 of 2 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118317 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6213229 | 1 of 4 | 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 | 4350118317 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6213235 | 2 of 4 | XXXX | Credit | Title Document Missing | Title document is missing. Unable to locate the preliminary title report. Please provide the preliminary title report. <br>|  | Document Uploaded. - XXXX<br>| Prelim provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118317 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6213244 | 3 of 4 | XXXX | Credit | Tax amount not verified. | Unable to locate documentation to support the property taxes for the subject property. Please provide the tax certificate reflecting the property taxes for the subject property. <br>|  | Document Uploaded. - XXXX<br>| Tax Cert provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118317 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6213374 | 4 of 4 | 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 | 4350118270 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6092305 | 1 of 3 | 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 | 4350118270 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6092307 | 2 of 3 | 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 | 4350118270 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 6104318 | 3 of 3 | XXXX | Credit | Hazard Insurance - Other Insurance Missing | The policy verifying other property insurance is missing from the loan file. The guidelines require 6 months of Rent Loss insurance, however it is not reflected on the hazard declarations page in the file. <br>|  | Since the insurance company has already confirmed the specific amount of rental loss coverage via email, it indicates that this coverage is included in the policy and is valid, but simply not displayed on the policy. Some insurance companies treat rental loss coverage as a default inclusion in the policy, and therefore it may not be explicitly shown on the actual insurance document. Furthermore, for other investors, as long as the insurance agent confirms it, there is no reason for anyone to reject it. - XXXX <br>Document Uploaded. Please see attached Agent Letter about Fair Rental Value - XXXX<br>| Email provided states Rent Loss is included. Condition resolved. - XXXX<br>Condition upheld. Per Appraisal, the subject property is tenant occupied. Guidelines require 6 months rental coverage. HOI policy in file does not reflect rent loss coverage. Provide corrected HOI policy. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118297 | 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 | 6176358 | 1 of 5 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118297 | 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 | 6216332 | 2 of 5 | XXXX | Credit | Borrower 1 Deed of Trust Signature does not match Note | Borrower 1 Signature does not match Note Signature. The borrower's name individually on the Note is XXXX. The borrower's name on the Deed of Trust is XXXX <br>|  | Document Uploaded. Please see attached. Both names are fine. - XXXX<br>| AKA Statement provided, one in the same. Condition resolved. - XXXX<br>Borrower 1 Signature matches Note - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118297 | 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 | 6218201 | 3 of 5 | XXXX | Credit | Borrower 1XXXXp Credit Report is Missing | Borrower 1XXXXp Credit Report is Missing Credit Report is dated XXXX. AXXXXp report required is required if the Note date is greater then 30 days after the initial credit report date. Note date is XXXX. Unable to locate aXXXXp report dated within 20 days from the note date. Please provide aXXXXp credit report that meets guidelines. <br>|  | Could you please advise on the full name of the UDM Report? Does it refer to a soft report? - XXXX <br>Document Uploaded. - XXXX<br>| UDM/Gap Report was provided. Condition resolved. - XXXX<br>Borrower 1XXXXp Credit Report is not missing. - XXXX<br>Condition upheld. Provide UDM Report - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118297 | 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 | 6218326 | 4 of 5 | 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. Unable to locate the purchase contract. Please provide a fully executed purchase contract and a copy of the court order with the terms of the sale. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Purchase Contract Doc is not Missing, or is Not Applicable. - XXXX<br>There is no Purchase/Sales Contract. This transaction is per a Court Order. - XXXX<br>Condition upheld. Provide the Court Order. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118297 | 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 | 6230401 | 5 of 5 | XXXX | Credit | Income and Employment Do Not Meet Guidelines | Income and employment do not meet guidelines. Unable to validate XXXX Please provide detailed bank statement calculator worksheets breaking down the individual excluded deposits for each business used by the lender. Loan is subject to re-evaluation. <br>|  | Document Uploaded. - XXXX<br>| Income Worksheet provided. Condition resolved. - XXXX<br>Income and Employment Meet Guidelines - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118271 | 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 | 6178067 | 1 of 5 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118271 | 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 | 6218876 | 2 of 5 | XXXX | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows uncleared alerts. Per the fraud report, verification of the social security number is required. This documentation is missing from the loan file. <br>|  | Document Uploaded. - XXXX<br>| Provided and resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118271 | 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 | 6218990 | 3 of 5 | XXXX | Credit | Asset 2 Missing | Asset documentation is missing from the file. Gift funds of $XXXX from XXXX was used in the approval. Documentation of the transfer of this gift is missing from the loan file. <br>|  | Document Uploaded. - XXXX<br>| Wire receipt provided. Condition resolved. - XXXX<br>Asset 2 Provided Or Not Applicable - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118271 | 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 | 6230986 | 4 of 5 | XXXX | Credit | Approval - Lender Income Calculation Missing | The loan file did not contain the lender income calculation worksheet as required. Per guidelines, the loan file should include an income calculation worksheet detailing income calculations. This document is missing from the loan file. <br>|  | Document Uploaded. - XXXX<br>| Lender's income calculation worksheet provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118271 | 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 | 6231198 | 5 of 5 | 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 | 4350118255 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6071406 | 1 of 3 | 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 | 4350118255 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6105943 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118255 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6105944 | 3 of 3 | 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 | 4350118268 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6241692 | 1 of 3 | 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 | 4350118268 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6241775 | 2 of 3 | 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 | 4350118268 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6242492 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118281 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6227908 | 1 of 4 | 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 | 4350118281 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6259047 | 2 of 4 | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. Exception provided to allow 80% and use of rent receipts for new lease. <br>|  |  |  | Compensating factor of DSCR >1%. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118281 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6259048 | 3 of 4 | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. Exception provided to allow 80% and use of rent receipts for new lease. <br>|  |  |  | Compensating factor of DSCR >1%. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118281 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6259049 | 4 of 4 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Exception provided to allow 80% and use of rent receipts for new lease. <br>|  |  |  | Compensating factor of DSCR >1%. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118274 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6225068 | 1 of 3 | 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 | 4350118274 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6225079 | 2 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118274 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6260079 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118275 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Not Applicable | 6213793 | 1 of 3 | 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 | 4350118275 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Not Applicable | 6213799 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118275 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Not Applicable | 6261179 | 3 of 3 | 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 | 4350118321 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6254901 | 1 of 3 | 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 | 4350118321 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6254913 | 2 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118321 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6374215 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118259 | 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 | 6195127 | 1 of 3 | 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. Right to Cancel transaction date is XXXX. Right to Cancel signature date is XXXX. Rescission expiration date is XXXX. Notary date is XXXX. <br>|  | Document Uploaded. Please see PCCD attached updating the funding date. - XXXX<br>| Received PCCD correcting disbursement date - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118259 | 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 | 6200391 | 2 of 3 | 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 | 4350118259 | 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 | 6206206 | 3 of 3 | XXXX | Credit | Borrower 1 Business Bank Statements Missing | Borrower 1 Business Bank Statements missing from the file. There is a P&L located in the loan file for the period of XXXX-XXXX. Per guidelines, the monthly gross revenue from the P&L must be supported by the business bank statements provided. The business bank statements for XXXX XXXX for XXXX and XXXX XXXX have been provided, but the XXXX - XXXX bank statements are missing. <br>|  | The income used for this file is P&L income so no bank statements were required. Please refer to page 17 of our guidelines. - XXXX<br>| Updated guidelines have been received. Documentation and explanation are sufficient - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118220 | 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 | 6084100 | 1 of 6 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118220 | 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 | 6106545 | 2 of 6 | 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 | 4350118220 | 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 | 6106552 | 3 of 6 | XXXX | Credit | Missing Fraud Product |  |  | All initial alerts on the FG were cleared and/or addressed. Please update grading to grade 2/B or better<br> - XXXX <br>Document Uploaded. fraudguard attached - XXXX<br>| Received fraud report with variances addressed - XXXX<br>Provided evidence alerts on FG were cleared and/or addressed. Condition upheld. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118220 | 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 | 6107478 | 4 of 6 | XXXX | Credit | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Audited reserves months are less than the guideline required reserve months. Three months reserves when guideline requires 6 months for loan amount less than $XXXX - A formal exception is in file. <br>|  |  |  | Compensating factors used were Housing history paid as agreed for 12+ months, 3 years employment, 5+ years worked in same industry, 762 FICO, and Monthly discretionary income exceeds $XXXX | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118220 | 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 | 6107494 | 5 of 6 | XXXX | Credit | Condo - HOA Budget Missing | The loan file did not contain the HOA budget as required. Missing the HOA earnings portion of the budget, in order to confirm that the percentage of the budget for replacement reserves is a minimum 8%. <br>|  | Document Uploaded. Please see attached. This was on pg 739 of the original package - XXXX<br>| Complete Budget for HOA was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118220 | 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 | 6107520 | 6 of 6 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The subject project is non-warrantable as the subject's legal phase along with other phases is not complete per the appraisal report and condominium questionnaire. The maximum LTV for a non-warrantable condo project per guidelines is 80% LTV, when the subject loan was approved at 85% LTV. No approved exception with compensating factors was found in file. <br>|  | Document Uploaded. Please see attached matrice - XXXX<br>| Matrix provided shows LTV/CLTV is allowed. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118258 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 6129480 | 1 of 4 | 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 | 2 |
| XXXX | XXXX | 4350118258 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 6144916 | 2 of 4 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118258 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 6154502 | 3 of 4 | XXXX | Credit | Credit Documentation - Letter of Explanation | The loan file did not contain a letter of explanation as required. A gift from the borrower's XXXX was used in the approval. Per guidelines, When a gift from a relative or domestic partner is being pooled with the borrower's funds to make up the required minimum cash down payment, the following items must also be included: A certification from the donor stating that he or she has lived with the borrower for the past 12 months and will continue to do so in the new residence. The letter stating that she has lived with the borrower for the past 12 months and documentation to support is missing from the loan file. <br>|  | Document Uploaded. Please see attached - XXXX<br>| Received exception - XXXX<br>| Low LTV, Low DTI, number of years on job. | XXXX | Waived | 3 | 2 | 4 | 2 |
| XXXX | XXXX | 4350118258 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 6154680 | 4 of 4 | XXXX | Credit | Borrower 1XXXXp Credit Report is Missing | Borrower 1XXXXp Credit Report is Missing Per guidelines, aXXXXp credit report from at least one of three major national credit repositories (Transunion, Equifax, or Experian) is required within 10 days of closing. <br>|  | Document Uploaded. Please see attached. this was also on pg 20-25 of the original package. - XXXX<br>| ReceivedXXXXp credit report - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5919381 | 1 of 6 | 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 | 4350118221 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5930197 | 2 of 6 | XXXX | Credit | Hazard Insurance Policy is Missing | Missing hazard insurance policy. Originator to provide hazard policy for subject property. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Documentation provided is sufficient. - XXXX<br>Received policy, coverage is not sufficient for loan amount, coverage reflects repalcement cost, missing RCE to determine accurate coverage. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5930215 | 3 of 6 | XXXX | Credit | Missing Property Tax Cert | Missing property tax cert. Originator to provide tax cert for subject property. <br>|  | Document Uploaded. - XXXX<br>| Received property tax cert - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5930240 | 4 of 6 | XXXX | Credit | DTI - Missing Debts/ DTI Exceeds Tolerance | The DTI did not reflect all of the borrower's debts resulting in a DTI that exceeds allowable tolerances. Monthly debts are off by $XXXX. Originator to provide supporting documentation for additional liabilities not provided in file. <br>|  |  | 1008 reflects a payment of XXXX but verified payment is XXXX - this is the difference<br> - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5930519 | 5 of 6 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. DTI does not meet Rate Sheet/guideline/ program requirements and the loan amount is greater than rate sheet/guideline/program requirements. <br>|  |  |  | The compensating factors are the borrower has a fico of 735, they have a good credit history with no lates in the past 36 months, low revolving credit utilization, no charge offs or collections, and they have significant assets for reserves. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5930557 | 6 of 6 | 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 | 4350118179 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6147901 | 1 of 3 | 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 | 4350118179 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6147902 | 2 of 3 | 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 | 4350118179 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6148031 | 3 of 3 | XXXX | Credit | LLC / Corp: Operating Agreement does not include authorization to borrow and designee | The Corporation/LLC: Operating Agreement does not include sufficient authorization. Provide a completely executed copy of the Unanimous Written Consent to Actions Taken By The Members of XXXX Inc. Both non-borrowing corporate owners did not execute the document provided. <br>|  | Section 7.01 of the provided bylaws outlines that "all contracts, deeds, documents and instruments that acquire, transfer, exchange, sell or dispose of any assets of the corporation must be executed by the XXXX to bind the corporation" The meeting minutes provided outline the guarantor and signor on this loan (XXXX XXXX) as the president of the corporation. Thus no need for a unanimous written consent is needed. - XXXX <br> Document Uploaded. Please see the attached - These are the same documents that have been used on several loans for this borrower. Our attorneys were comfortable with these for determining authorization - XXXX | Received explanation with meeting minutes and by-laws to show the Guarantor is the XXXX of the corporation. - XXXX<br> Received explanation. Please provide attorney opinion letter supporting the documentation already provided as sufficient to ensure all corporate owners have authorized the subject transaction. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118294 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6141519 | 1 of 7 | XXXX | Compliance | Late Charge Grace Period is less than 10 days | Late charge grace period is less than 10 days. <br>|  | Please see the below comments from the attorney who drew the loan docs:<br>XXXX. L. § 254-B governs "Limitation[s] on late charges." The statute does restrict the grace period to fifteen days after the due date, and restricts the late charge to two percent on bonds, notes, or mortgages secured by real property "improved by a one to six family residence occupied by the owner" or "a note representing a loan for the purpose of financing the purchase of an ownership interest in, and proprietary lease from, a corporation or partnership formed for the purpose of cooperative ownership of residential real estate". See XXXX Real Prop L. 254-B(1) (see: XXXX Real Property Law Section 254-B – Limitation on late charges (XXXX), as accessed XXXX).<br>The statute referenced here applies exclusively to owner occupied property, and to notes representing a loan for the purchase of an ownership interest in a corporation/partnership formed to jointly own residential real estate. Lender exclusively finances non-owner occupied commercial real estate transactions secured by real property, and not owner-occupied transactions or financing for the purchase of membership interest in an entity formed to cooperatively own residential real estate. Accordingly, this business purpose loan falls outside the purview of this statute. - XXXX <br> Apologies for the State comments - The grace period within the docs is standard within our doc set for Business Purpose Loans in all states unless their is state specific laws regarded business purpose transactions. Closings & Doc Draw was handled by XXXX - XXXX <br> This is standard in our business purpose loan documents for the state of XXXX and is consistent with all other loans we have submitted in XXXX. - XXXX | Seller provided legal response to finding per real estate attorney, condition resolved. - XXXX<br> NY Article 8 § 254-b limits grace period to at least 15 days. - XXXX<br> The subject property is located in XXXX instead of XXXX. Please provide documentation to support. - XXXX |  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118294 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6141520 | 2 of 7 | XXXX | Compliance | Late Charge Percent is greater than allowable | Late charge percent is greater than allowable. <br>|  | Please see the below from the attorney who drew the loan documents:<br>XXXX Real. Prop. L. § 254-B governs "Limitation[s] on late charges." The statute does restrict the grace period to fifteen days after the due date, and restricts the late charge to two percent on bonds, notes, or mortgages secured by real property "improved by a one to six family residence occupied by the owner" or "a note representing a loan for the purpose of financing the purchase of an ownership interest in, and proprietary lease from, a corporation or partnership formed for the purpose of cooperative ownership of residential real estate". See XXXX Real Prop L. 254-B(1) (see: XXXX Real Property Law Section 254-B – Limitation on late charges (XXXX), as accessed XXXX).<br>The statute referenced here applies exclusively to owner occupied property, and to notes representing a loan for the purchase of an ownership interest in a corporation/partnership formed to jointly own residential real estate. Lender exclusively finances non-owner occupied commercial real estate transactions secured by real property, and not owner-occupied transactions or financing for the purchase of membership interest in an entity formed to cooperatively own residential real estate. Accordingly, this business purpose loan falls outside the purview of this statute. - XXXX <br> Apologies for the State comments - The late charge within the docs is standard within our doc set for Business Purpose Loans in all states unless their is state specific laws regarded business purpose transactions. Closings & Doc Draw was handled XXXX. - XXXX <br> This is standard in our business purpose loan documents for the state of XXXX and is consistent with all other loans we have submitted in XXXX. - XXXX | Seller provided legal response to finding per real estate attorney, condition resolved. - XXXX<br> NY Article 8 § 254-b limits late charge to 2% - XXXX<br> The subject property is located in XXXX instead of XXXX. Please provide documentation to support. - XXXX |  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118294 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6142311 | 3 of 7 | XXXX | Compliance | The Final 1003 is Missing | The final 1003 is missing. <br>|  | Document Uploaded. Application attached. - XXXX<br>| Documentation is sufficient - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118294 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6144144 | 4 of 7 | 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 | 4350118294 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6144156 | 5 of 7 | XXXX | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. <br>|  |  |  |  | XXXX | Void | 1 |  | 4 | 1 |
| XXXX | XXXX | 4350118294 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6147267 | 6 of 7 | XXXX | Compliance | Missing HUD-1 Closing Statement | Final HUD-1 Document is Missing. The subject property was purchased XXXX. Per guidelines, a cash out refi nance that occurs >=90 days and <180 days requires the original purchase HUD and rehab budget/ SOW to support the increase in value. This documentation is missing from the loan file. <br>|  | Document Uploaded. Purchase was closed with a law office. Closing statement provided. - XXXX <br>Document Uploaded. OG HUD and repair budget attached. - XXXX<br>| Received settlement statement - XXXX<br>The repair budget has been received, but the final signed settlement statement is still missing. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118294 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6148126 | 7 of 7 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  | The loan meets all applicable credit guidelines. - XXXX<br>|  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118185 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6124353 | 1 of 3 | XXXX | Credit | Missing letter of explanation | The credit report reflects a 1x30 day mortgage late on XXXX. Guidelines require a letter of explanation (LOE) for late mortgage payments shown on the borrower's credit report. Please provide a LOE for the mortgage late.  |  | Document Uploaded. LOE Attached. - XXXX<br>| Received LOE - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118185 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6124359 | 2 of 3 | 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 | 4350118185 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6124361 | 3 of 3 | 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 | 4350118177 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6108634 | 1 of 3 | 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 | 4350118177 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6108635 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118177 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6108637 | 3 of 3 | 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 | 4350118184 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6093393 | 1 of 3 | XXXX | Credit | Missing letter of explanation | The credit report reflects a 1x30 day mortgage late on XXXX Guidelines require a letter of explanation (LOE) for late mortgage payments shown on the borrower's credit report. Please provide a LOE for the mortgage late.  |  | Document Uploaded. LOE Attached - - XXXX<br>| Received LOE for mortgage late - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118184 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6093395 | 2 of 3 | 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 | 4350118184 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6093396 | 3 of 3 | 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 | 4350118189 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6025297 | 1 of 3 | 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 | 4350118189 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6025300 | 2 of 3 | 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 | 4350118189 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6029347 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118296 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6265895 | 1 of 5 | XXXX | Compliance | Late Charge Grace Period is less than 10 days | Late charge grace period is less than 10 days. Please confirm this grace period meetsXXXX requirements. <br>|  | Loan conforms to XXXX requirements. XXXX Fair Lending Act § 7-6A-2 explicitly calls out loans "primarily for business, agricultural or commercial purposes" as not being considered a "Home Loan" under XXXX state law. Subject loan is business purpose and non-owner occupied. <br>- XXXX | Concur, grace period does not apply to NOO loans - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118296 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6265896 | 2 of 5 | XXXX | Compliance | Late Charge Percent is greater than allowable | Late charge percent is greater than allowable. Please confirm 10% late charge meetsXXXX requirements. <br>|  | Loan conforms to XXXX requirements. XXXX Fair Lending Act § 7-6A-2 explicitly calls out loans "primarily for business, agricultural or commercial purposes" as not being considered a "Home Loan" under XXXX state law. Subject loan is business purpose and non-owner occupied. - XXXX | Concur, late charge does not apply to NOO loans - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118296 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6293931 | 3 of 5 | 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 | 4350118296 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6294366 | 4 of 5 | XXXX | Credit | Corporation/LLC: Certificate of Good Standing Doc is Missing | The loan file does not contain the Corporation/LLC: Certificate of Good Standing. <br>|  | Document Uploaded. Please see the attached. Confirms entity is authorized to transact business and is in compliance. - XXXX<br>| Documentation provided is sufficient. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118296 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6294477 | 5 of 5 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Review of the file reflects the Loan Agreement was not fully executed (page 8 of the doc not notarized), and the Pledge and Security Agreement was not fully executed. <br>|  | Document Uploaded. Fully executed Loan Agreement attached. Page 18 of the Loan Agreement not required to be executed by the Lender at time of origination, would be executed in the event of default - Same applies to the Pledge Agreement (Not required to be signed by the Lender at time of closing). This is Consistent with our form loan docs as seen on all other files. - XXXX<br>| Documentation provided is sufficient. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118182 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6141469 | 1 of 5 | XXXX | Compliance | Late Charge Grace Period is less than 10 days | Late charge grace period is less than 10 days. <br>|  | This is standard in our business purpose loan documents for the state of XXXX and is consistent with all other loans we have submitted in XXXX. - XXXX |  |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118182 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6141470 | 2 of 5 | XXXX | Compliance | Late Charge Percent is greater than allowable | Late charge percent is greater than allowable. <br>|  | This is standard in our business purpose loan documents for the state of XXXX and is consistent with all other loans we have submitted in XXXX. - XXXX<br>|  |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118182 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6143940 | 3 of 5 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Please provide the 1008 or the loan approval document to verify the approved terms. <br>|  | Our files do not include a 1008. - XXXX<br>| Explanation is sufficient - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118182 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6143972 | 4 of 5 | 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 | 4350118182 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6145463 | 5 of 5 | XXXX | Credit | Corporation/LLC: Operating Agreement Doc is Incomplete | The Corporation/LLC: Operating Agreement in file is incomplete. The percentage of ownership is missing for the members of XXXX, LLC. <br>|  | Document Uploaded. Ownership section is not missing. Section III(A) of the OA outlines ownership %. Showing XXXX as 90% owner - XXXX |  |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118295 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6187262 | 1 of 3 | 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 | 4350118295 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6187263 | 2 of 3 | 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 | 4350118295 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6200864 | 3 of 3 | XXXX | Credit | Hazard insurance dwelling coverage is not sufficient | Unable to verify the subject property has sufficient hazard insurance coverage. The Estimated Replacement Cost in the file is for another property (XXXX), not the subject XXXX. Please provided documentation verifying sufficient hazard insurance coverage.  |  | Document Uploaded. Please see the attached. - XXXX<br>| HOI with updated loss payee provided, condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118279 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6238171 | 1 of 3 | XXXX | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not meet guideline requirements. Exception in file from lender approving loan with default proceedings within last 12 months. <br>|  |  |  | Compensating factor listed as LTV Low. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118279 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6238554 | 2 of 3 | XXXX | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. FICO score does not meet guidelines min FICO score of 700 and borrower credit score of 660. <br>|  |  |  | LTV Low | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118279 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6238677 | 3 of 3 | 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 | 4350118178 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5895459 | 1 of 3 | 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 | 4350118178 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5947215 | 2 of 3 | 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 | 4350118178 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5948905 | 3 of 3 | XXXX | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. Guidelines require a minimum credit score of 720 when the DSCR is less than 1.0. A formal exception is in the file for a credit score of 718 and a DSCR of 0.970. <br>|  |  |  | Loan approved based on verified monthly reserves and 4 months more than guidelines minimum, housing payment history 0x30x24 or better, Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5757473 | 1 of 8 | XXXX | Credit | Missing Business Purpose Affidavit | File is missing statement of business purpose. <br>|  | Document Uploaded. Please see the attached. - XXXX<br>| documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5757479 | 2 of 8 | XXXX | Credit | Business Purpose - Loan Guaranty/Missing | The Personal Loan Guaranty is missing. Business Purpose Affidavit not in file <br>|  | Document Uploaded. Please see the attached. - XXXX<br>| documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5757760 | 3 of 8 | XXXX | Credit | Missing Property Tax Cert | Missing property tax cert. <br>|  | Document Uploaded. Please see the attached. County is pending updated tax cert from the Lot split, the attached covers what is now 3 individual lots (as shown with the attached survey and legal description) so tax amount for the loan was taken from the appraisal while pending the new tax amount from the County. - XXXX<br>| documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5758010 | 4 of 8 | XXXX | Credit | Condo - Master Policy Insufficient | The master hazard insurance policy verified total coverage which was not sufficient to cover total required coverage. Missing Master Policies <br>|  | Document Uploaded. Please see the attached coverage over RCE - XXXX<br>| documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5758095 | 5 of 8 | 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 | 4350118203 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5758102 | 6 of 8 | 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 | 4350118203 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5788210 | 7 of 8 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Loan Agreement. Document required per guidelines. <br>|  | Document Uploaded. Loan agreement attached. We do not include 1008's in our files. - XXXX<br>| Approval/Underwriting Summary is fully present - XXXX<br>documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5789112 | 8 of 8 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. 5% reduction to Max LTV for Refinances where property is vacant at the time of origination. Approval LTV 75% <br>|  | Document Uploaded. Please see the attached. Security deposit was received thus property is considered leased. - XXXX<br>| Audited LTV of 75% is less than or equal to Guideline LTV of 75% - XXXX<br>documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118202 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5760565 | 1 of 5 | XXXX | Credit | Business Purpose - Loan Guaranty/Missing | The Personal Loan Guaranty is missing. Business Purpose Affidavit <br>|  | Document Uploaded. Please see the attached. - XXXX<br>| documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118202 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5760567 | 2 of 5 | XXXX | Credit | Third Party Fraud Report not Provided | Missing third party fraud report. <br>|  | Document Uploaded. Background report attached. - XXXX<br>| documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118202 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5760603 | 3 of 5 | 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 | 4350118202 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5760604 | 4 of 5 | 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 | 4350118202 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5789221 | 5 of 5 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. 5% reduction to Max LTV for Refinances where property is vacant at the time of origination. Max LTV 75%, w/reduction 70%. Approval LTV 75% <br>|  | Document Uploaded. Please see the attached. Security Deposit received by borrower thus we consider this property leased. - XXXX<br>| Audited LTV of 75% is less than or equal to Guideline LTV of 75% - XXXX<br>documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118183 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6030147 | 1 of 4 | XXXX | Credit | OFAC search for Borrowers/Guarantors/Key Principals Doc is Missing | The loan file does not contain the OFAC search for borrowers, guarantors and key principals. <br>|  | Document Uploaded. AFAC attached. - XXXX<br>| Received OFAC for both, no results - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118183 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6030148 | 2 of 4 | 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 | 4350118183 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6045318 | 3 of 4 | XXXX | Property | Condo - Warrantability | Condominium project is not warrantable, or documentation not provided to determine warrantability The subject condominium development is not warrantable, as the project is 100% owned by the developer, it is 100% rented, and no HOA dues are charged. Guidelines state that non-warrantable condominium projects are non-eligible, unless allowed at XXXX1 discretion. No approved exception with compensating factors was found, authorizing the transaction. <br>|  | Subject is a split lot condo project (3 total units) which our guidelines call out as begin considered warrantable. - XXXX<br>| condo warrantable per GL's - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118183 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6174922 | 4 of 4 | XXXX | Compliance | Principal and Interest payment on note does not match loan terms of the note | Missing Note with corrected payment <br>|  |  | Document Uploaded. Amendment supplied. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118181 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6026987 | 1 of 3 | XXXX | Credit | Assets - Insufficient Cash to Close or Reserves | Borrower(s) total verified assets are insufficient for cash to close or reserves. Provide evidence of bank statements to support shortage of reserves in the amount of $XXXX  |  | 4 month interest reserve was collected at close and should be included in borrower reserves per our guides. Does not appear to be included based on the below calc. - XXXX<br>| Liquid Funds Post-Close are greater than or equal to $0. Borrower(s) total verified assets are insufficient for cash to close or reserves. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118181 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6027492 | 2 of 3 | 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 | 4350118181 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6027496 | 3 of 3 | 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 | 4350118234 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5737258 | 1 of 3 | XXXX | Credit | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Per guidelines, on DSCR transactions a 12-month mortgage history is required for the borrower/guarantor's primary residence and subject property only. Per the credit report, the borrower's primary residence is only reporting for 5 months. Please provide the 12 month pay history for XXXX XXXX XXXX. <br>|  | Document Uploaded. borrower rented and owned - VOR and mortgage history in file to meet 12 months history - XXXX<br>|  |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118234 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5738466 | 2 of 3 | 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 | 4350118234 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5738476 | 3 of 3 | 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 | 4350118195 | 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 | 5942031 | 1 of 3 | 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 | 4350118195 | 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 | 5947732 | 2 of 3 | XXXX | Compliance | Missing Doc - Homeownership Counseling Disclosure/Missing | Homeownership Counseling Disclosure is missing. missing disclosure <br>|  | Document Uploaded. Please find the attached certification. Thank you. - XXXX<br>| Per lender, disclosure is not required on NonQM loans - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118195 | 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 | 5950374 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118264 | 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 | 6087776 | 1 of 3 | 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 | 4350118264 | 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 | 6087781 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118264 | 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 | 6094812 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118194 | 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 | 5695759 | 1 of 4 | XXXX | Credit | Income and Employment Do Not Meet Guidelines | Income and employment do not meet guidelines. The XXXX business checking account XXXX has 14 NSFs in the last 12 months; guidelines allow a maximum of 3 occurrences. Unable to locate a letter of explanation from the borrower and a formal exception. Please provide a formal exception with the letter of explanation per guidelines. <br>|  | Investor made an exception this. Please move forward. - XXXX <br>Document Uploaded. Please find the letter of explanation and the exception approval for the Nsfs/Overdrafts. Please clear the condition. Thank you. - XXXX <br>Document Uploaded. Hello, i have uploaded the income analysis and the page referencing explanation regarding the overdrafts (in yellow). The occurrences have been excluded. Please clear. Thank you. - XXXX <br>Hello, the only NSF that was located in file was on XXXX. There are no other NSFS noted on the bank statements, only overdrafts. Please waive the condition. Thank you. - XXXX<br>| Received exception waiver - XXXX<br> Lender may have excluded the overdrafts from consideration but this does not meet guidelines. The XXXX business checking account XXXX has XXXX NSFs in the last 12 months; guidelines allow a maximum of 3 occurrences. Please provide a formal exception with the letter of explanation per guidelines. - XXXX<br> Guidelines require statements from the overdraft protection account, line of credit or depository account, be provided and meet the overdraft protection guidelines. Please provide the statements. - XXXX | LTV/CLTV 5% or more below maximum allowed under guidelines, DTI <=40%, Residual income more than 1.5x the amount required by guidelines $37,153.00 | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118194 | 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 | 5695842 | 2 of 4 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The master insurance policy for the subject condo does not include an Umbrella policy or Equipment Breakdown/Machinery endorsement. A formal exception is in the file. <br>|  |  |  | Loan approved based on an LTV/CLTV is over 5% (54%) below the maximum allowed under the applicable guidelines (75%); the DTI is <= 40% (or 5% below maximum required if lower DTI required)- 15% (50%); the residual income more than 1.5 times the amount required by guidelines $XXXX ($XXXX). | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118194 | 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 | 5707103 | 3 of 4 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118194 | 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 | 5711097 | 4 of 4 | 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 | 4350118211 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5790032 | 1 of 8 | XXXX | Credit | Title Document Missing | Title document is missing. Title work to support XXXX requirements to verify that the co-op corporation holds good and marketable title to the property, the property is free and clear of liens and encumbrances, etc. <br>|  | Document Uploaded. - XXXX<br>|  |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5790930 | 2 of 8 | XXXX | Credit | Asset 2 Missing | XXXX asset statement ending in XXXX with a balance of $XXXX could not be located in the loan file. Asset documentation is missing from the file. <br>|  | Document Uploaded. XXXX statement - XXXX<br>| Asset 2 Provided Or Not Applicable - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5790933 | 3 of 8 | XXXX | Credit | Asset 3 Missing | Asset documentation is missing from the file. XXXX asset statement ending in XXXX with a balance of $XXXX could not be located in the loan file. <br>|  | Document Uploaded.XXXX statmenet - XXXX<br>| Asset 3 Provided Or Not Applicable - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5791519 | 4 of 8 | XXXX | Property | No Property Findings | Loan meets applicable appraisal guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5791521 | 5 of 8 | 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 | 4350118211 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5802322 | 6 of 8 | XXXX | Credit | Program Parameters - Currently Listed for Sale | The property is currently listed for sale or was sold. The subject property was listed for sale on XXXX. Per guidelines, properties that have been listed for sale by the Borrower within the past six (6) months from the note date will be considered on a case-by-case basis and will require an investor exception approval, subject to LLPA. Please provide a formal exception and documentation that the property is no longer listed. <br>|  | It was listed for sale because it's a purchase so that condition for refinances not purchases. - XXXX<br>|  |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5802932 | 7 of 8 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Documentation of the guidelines used in this loan approval is missing from the loan file. Guidelines in file reference DSCR, but current loan appears to be full doc. Please provide the guidelines and matrix used in the approval. Additional conditions may apply. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| 1008 received - XXXX<br> The guidelines have been provided and reflect XXXX and XXXX with XXXX, but the 1008 nor the data tape doesn't reflect which program was used. Please provide the updated 1008 to reflect program used and risk assessment. - XXXX<br> Documentation of the guidelines used in this loan approval is missing from the loan file. Guidelines in file reference DSCR, but current loan appears to be full doc. Please provide the guidelines and matrix used in the approval. Additional conditions may apply - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 5803001 | 8 of 8 | XXXX | Compliance | Missing Prepayment Rider | Per the data tape there is a prepayment penalty of 12 months, but the rider is missing along with prepayment penalty verbiage in the Note. If there is a prepayment penalty, please provide the rider and the updated Note. <br>|  | Document Uploaded. We did not close this loan with a prepayment. attached is the Cd showing no prepayment. - XXXX<br>| Final signed CD does not disclose a prepayment penalty - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118186 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5711494 | 1 of 4 | XXXX | Compliance | 1-4 Family Rider is Missing | The file is missing the 1-4 Family Rider. The file is missing the 1-4 Family Rider as this is an investment 3 unit property. Deed of Trust does not list this rider as it should. <br>|  | Document Uploaded. - XXXX <br>"Assignment of Lease and Rents Rider" was provided with the mortgage. "Assignment of Lease and Rents Rider" and a "1-4 Family Rider (Assignment of Rents)" are the same thing. - XXXX<br>| Documentation is sufficient - XXXX<br>Missing the 1-4 Family Rider - subject property is a multi-family - XXXX<br>The Assignment of Leases and Rents is not the same as a 1-4 Family Rider, though the 1-4 Family Rider includes a specific assignment of rents clause for residential properties of one to four units. An Assignment of Rents is a broad term for a document that gives a lender rights to rental income upon borrower default, while the 1-4 Family Rider is a specific type of rider that incorporates this concept for a particular property classification, typically residential investment properties. Missing the 1-4 Family Rider. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118186 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5711585 | 2 of 4 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. The 1008 and Final Loan Approval are missing. <br>|  | Document Uploaded. 1008 attached - XXXX<br>| Final 1008 provided. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118186 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5711655 | 3 of 4 | 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 | 4350118186 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5715650 | 4 of 4 | XXXX | Compliance | The Deed of Trust is Incomplete | The Deed of Trust is incomplete. The property is a 3 unit investment property.The 1-4 Family Rider box is not checked on the Final Deed of Trust. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. An "Assignment of Lease and Rents Rider" and a "1-4 Family Rider (Assignment of Rents)" are the same thing. I have attached the deed of trust with the riders. - XXXX<br>| Documentation is sufficient - XXXX<br>Missing the 1-4 Family Rider - subject property is a multi-family - XXXX<br>The Assignment of Leases and Rents is not the same as a 1-4 Family Rider, though the 1-4 Family Rider includes a specific assignment of rents clause for residential properties of one to four units. An Assignment of Rents is a broad term for a document that gives a lender rights to rental income upon borrower default, while the 1-4 Family Rider is a specific type of rider that incorporates this concept for a particular property classification, typically residential investment properties. Missing the 1-4 Family Rider box checked on Deed of Trust. - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118212 | 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 | 5894736 | 1 of 3 | XXXX | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds guideline DTI. The amount of debt reflected on the 1008 where the underwriter obtained the DTI of 47.47% does not appear to include all debts accurately. It appears that the borrower has two debts that could have been paid off (XXXX) that would be the difference in the amount of payments to support the lower DTI but no documentation could be found in the file to support the payoff of these accounts. The application reflects the amount of debt that the reviewer found and when used has a DTI of 52.24%. The DTI exceeds the required max ratio of 50%. <br>|  | Document Uploaded. - XXXX<br>| XXXX business bank statements to show XXXX payment is being paid through the business. DTI now meets program requirements. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118212 | 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 | 5897578 | 2 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118212 | 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 | 5910357 | 3 of 3 | 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 | 4350118217 | 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 | 5974145 | 1 of 3 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The borrower has had 4 NSF occurrences in the most recent 3 months. Per guidelines, if there is one (1) or more occurrences in the most recent three-month time period, up to three (3) occurrences are allowed in the most recent 12-month time period. A formal exception is in the file. <br>|  |  |  | Zero late payments in the last 12 months on all real estate investment properties. Residual income of $XXXX or more. FICO is higher than 740 and 20 points greater than the guideline minimum. Qualifying DTI is less than 35% and at least 10% less than the guideline maximum. | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118217 | 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 | 5977684 | 2 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350118217 | 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 | 5980846 | 3 of 3 | 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 | 4350118213 | 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 | 6033748 | 1 of 3 | XXXX | Credit | Income - Guideline Requirements | The income documents provided in the loan file did not meet guidelines. 12-month bank statement program, guidelines are silent on excessive NSF's; however, per the 1003, there is an exception approval for excessive NSF's, the borrower had 6 NSF charges in the 12-month period. A formal exception approval could not be located in the loan file. <br>|  | Document Uploaded. - XXXX<br>| Received exception for NSF's - XXXX<br>Did not receive the approved exception form - XXXX<br>Condition resolved. NSF Letters were provided. - XXXX<br>| 12 months bank statements. Borrower is 100% owner using 50% expense ratio. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118213 | 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 | 6034128 | 2 of 3 | 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 | 4350118213 | 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 | 6036506 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118299 | 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 | 6220611 | 1 of 3 | XXXX | Credit | Third Party Fraud Report not Provided | Missing third party fraud report. Unable to locate a 3rd party fraud report <br>|  | Document Uploaded. - XXXX<br>| XXXX Fraud Report was provided. Condition resolved. - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118299 | 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 | 6220624 | 2 of 3 | 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 | 4350118299 | 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 | 6230732 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118262 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6111204 | 1 of 5 | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. The audited CLTV of 75% exceeds the guideline maximum of 70% for credit score less than 720 <br>|  | Document Uploaded. - XXXX<br>| Exception for FICO and LTV was provided. - XXXX<br>| Refinance Cash Out, 75% LTV<br> Score 690<br> DSCR: 1.0070 ($XXXX)<br>| XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118262 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6111205 | 2 of 5 | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. The audited HLTV of 75% exceeds the guideline maximum of 70% for credit score less than 720 <br>|  | Document Uploaded. - XXXX<br>| Exception for FICO and LTV was provided. - XXXX<br>| Refinance Cash Out, 75% LTV<br> Score 690<br> DSCR: 1.0070 ($XXXX)<br>| XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118262 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6111206 | 3 of 5 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. The audited LTV of 75% exceeds the guideline maximum of 70% for credit score less than 720 <br>|  | Document Uploaded. - XXXX<br>| Exception for FICO and LTV was provided. - XXXX<br>| Refinance Cash Out, 75% LTV<br> Score 690<br> DSCR: 1.0070 ($XXXX) | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118262 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6111221 | 4 of 5 | 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 | 4350118262 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6111226 | 5 of 5 | 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 | 4350118263 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 6026602 | 1 of 7 | 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. <br>|  | Document Uploaded. - XXXX<br>| Purchase Contract Doc is not Missing, or is Not Applicable. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 6026909 | 2 of 7 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Loan approval and 1008. <br>|  | Document Uploaded. - XXXX<br>| Condition resolved. The 1008 was provided. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 6026948 | 3 of 7 | 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 | 3 | 2 |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 6028928 | 4 of 7 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 6029703 | 5 of 7 | XXXX | Property | Condo - Warrantability | Condominium project is not warrantable, or documentation not provided to determine warrantability Provide Underwriter Attestation that clearly states whether the project is warrantable or non-warrantable (a comment on the 1008 would suffice). <br>|  | Document Uploaded. - XXXX<br>| Condition resolved. 1008 provided which states condo is not warrantable. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 6029758 | 6 of 7 | XXXX | Property | Property Issue - Condo Ineligible | The subject condo project is ineligible. Guidelines allow for single entity ownership up to 30% of the units in the condominium project. However, the Condominium Project Questionnaire states that XXXX of the XXXX units are owned by XXXX LLC, which is 76% of the project. No approved exception with compensating factors was found in file. <br>|  | Document Uploaded. - XXXX<br>| Exception waiver provided. Condition has been waived. - XXXX<br>| FICO higher than 740, AND at least 20 points higher than guideline minimum, Housing payment history is 0x30x24 or better, Borrower has worked in same job more than 3 years | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 6073612 | 7 of 7 | XXXX | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows uncleared alerts. All High and Medium alerts on the XXXX Fraud Manager on pages 1 and 2 need to be cleared/addressed. <br>|  | Document Uploaded. - XXXX<br>| Condition resolved. All alerts on LoanSafe have been cleared/addressed. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118293 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6208430 | 1 of 4 | XXXX | Credit | Title Document Missing | Title document is missing. <br>|  | Document Uploaded. - XXXX<br>| Title document is fully present - XXXX<br>Title provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118293 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6208881 | 2 of 4 | 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 | 4350118293 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6208883 | 3 of 4 | 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 | 4350118293 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6231006 | 4 of 4 | XXXX | Credit | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Audited reserves months are less than the guideline required reserve months. No exception in file allowing for no reserves being required. <br>|  | Document Uploaded. No. reserve shows as 0 as per final 1008. This is manual UW. Please revist and clear the conditoin - 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 | 4350118261 | 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 | 6156428 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118261 | 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 | 6160810 | 2 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118261 | 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 | 6163152 | 3 of 3 | 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 | 4350118193 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5939371 | 1 of 3 | XXXX | Compliance | Missing US Patriot Act Disclosure or ID |  |  | Document Uploaded. Please find the USA Patriot Acdt Disclosures. Thank you. - XXXX<br>| documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 2 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118193 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5939372 | 2 of 3 | XXXX | Credit | Missing Business Purpose Affidavit | File is missing statement of business purpose. <br>|  | Document Uploaded. Please find attached the executed Business Purpose Affidavit. Thank you. - XXXX<br>| documentation meet requirements - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118193 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5939373 | 3 of 3 | 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 | 4350118216 | 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 | 6028938 | 1 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118216 | 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 | 6030900 | 2 of 3 | 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 | 4350118216 | 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 | 6031051 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118312 | 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 | 6255252 | 1 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118312 | 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 | 6271390 | 2 of 3 | XXXX | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds guideline DTI. The loan was approved with income of $XXXX, but the audited income is $XXXX.Per the income calculator located in the loan file. reserves (6 months) were not included in the income calculation. Using the audited income, the DTI increases from 49.939% to 51.79% which is outside the guideline requirement of 50%. <br>|  | Document Uploaded. Please see attached certification, income worksheet and final CD. Please clear. Thank you. - XXXX<br>| Lender provided Income worksheet and DTI is now at 49.94%. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118312 | 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 | 6271399 | 3 of 3 | 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 | 4350118210 | 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 | 6029145 | 1 of 5 | XXXX | Credit | Approval - Lender Income Calculation Missing | The loan file did not contain the lender income calculation worksheet as required. The audited income is less than the approved income. Pleae provide the income calculator used in the approval. <br>|  | Document Uploaded. - XXXX<br>| The calculator has been received - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118210 | 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 | 6030338 | 2 of 5 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Please provide the approval. Additional conditions may apply. <br>|  | Document Uploaded. - XXXX<br>|  |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118210 | 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 | 6030354 | 3 of 5 | XXXX | Credit | Third Party Fraud Report not Provided | Missing third party fraud report. <br>|  | Document Uploaded. - XXXX<br>| Fraud report has been received and proof of social security number is located in file. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118210 | 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 | 6030357 | 4 of 5 | 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 | 4350118210 | 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 | 6033604 | 5 of 5 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118219 | 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 | 5974816 | 1 of 3 | XXXX | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than total amount of subject lien(s). Please provide the updated title policy reflecting coverage of $XXXX <br>|  | Document Uploaded. Please find the title commitment. Thank you. - XXXX<br>| Received updated title policy reflecting correct coverage - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118219 | 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 | 5976348 | 2 of 3 | 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 | 4350118219 | 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 | 5980315 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118224 | 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 | 6032642 | 1 of 3 | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Unable to locate the mortgage statement for the borrowers vacating property located at XXXX <br>|  | Document Uploaded. - XXXX<br>| Condition resolved. Mortgage statement and credit supplement were provided for the departing residence. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118224 | 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 | 6032816 | 2 of 3 | 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 | 4350118224 | 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 | 6034146 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118260 | 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 | 6211049 | 1 of 3 | 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 | 4350118260 | 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 | 6215472 | 2 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118260 | 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 | 6215869 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118205 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6024483 | 1 of 3 | 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 | 4350118205 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6024490 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118205 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6024515 | 3 of 3 | 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 | 4350118225 | 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 | 6147908 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118225 | 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 | 6151603 | 2 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118225 | 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 | 6153897 | 3 of 3 | 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 | 4350118285 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6087944 | 1 of 3 | 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 | 4350118285 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6087953 | 2 of 3 | 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 | 4350118285 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6104976 | 3 of 3 | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. No documentation in file to meet free & clear for primary residence in file. XXXX<br> Primary residence owned free & clear requires a Property Profile Report or similar documentation to verify no payment required. <br>|  | Document Uploaded. Please see attached. - XXXX<br>| Updated URLA with mortgage payment and details provided, condition is resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118191 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5997246 | 1 of 5 | XXXX | Credit | Cash reserves less than required by guidelines | Total Cash reserves of '$-XXXX' are less than $XXXX. Total reserves short by $XXXX, as only $XXXX assets have been verified ($XXXX cash out in hand + $XXXX XXXX #XXXX account). Missing asset verification that meets guidelines for XXXX checking account #XXXX. <br>|  | Document Uploaded. Please see attached certification. There is sufficient assets to cover the reserves. Also please find the bank statement for reserves. Thank you. - XXXX<br>| Total Cash reserves are greater than $0. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118191 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5997543 | 2 of 5 | 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 | 4350118191 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5998832 | 3 of 5 | 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 | 4350118191 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6408628 | 4 of 5 | XXXX | Compliance | CD: Refinance Statement Not Present | CD: refinance statement not present. <br>|  |  |  |  | XXXX | Void | 3 |  | 3 | 1 |
| XXXX | XXXX | 4350118191 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6408629 | 5 of 5 | XXXX | Compliance | CD: General Form Requirements Not Met | CD: General form requirements not met. <br>|  |  |  |  | XXXX | Void | 3 |  | 3 | 1 |
| XXXX | XXXX | 4350118316 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6255306 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118316 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6255312 | 2 of 3 | XXXX | Property | No Property Findings | Loan meets applicable appraisal guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118316 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6255320 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118289 | 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 | 6193002 | 1 of 3 | XXXX | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not contain the required 3rd party valuation product. <br>|  | Please see attached for XXXX. Thank you. - XXXX <br> Document Uploaded. - XXXX <br> This condition is not valid. Guidelines do not require a CDA when the SSR score is not over 2.5 which is the case on this loan. Please see attached. Thanks - XXXX | Received correct LCA - XXXX<br> We have an LCA however it is not for the subject property; the address on the LCA is XXXX XXXX; missing LCA or CU for the subject address - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118289 | 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 | 6193294 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118289 | 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 | 6201164 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118187 | 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 | 6033102 | 1 of 4 | XXXX | Property | Property Issue - Neighborhood Location | The subject appraisal verified a neighborhood location not allowed per guidelines. <br>|  |  | Per the guidelines, Rural properties are allowed on an exception basis. There is an exception approval in the loan file. - XXXX<br>| FICO 703, Reserves: 85.9 mos, DTI: 35.84% | XXXX | Waived | 2 | 2 | 4 | 2 |
| XXXX | XXXX | 4350118187 | 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 | 6033130 | 2 of 4 | XXXX | Credit | Flood Certificate Missing | Missing flood certificate. Unable to locate the flood cert in the loan file. <br>|  | Document Uploaded. - XXXX<br>| Flood Certificate is fully present - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118187 | 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 | 6033199 | 3 of 4 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Unable to locate the 1008 or loan approval in the loan file. <br>|  | Document Uploaded. - XXXX<br>| Received 1008 - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118187 | 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 | 6035491 | 4 of 4 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 2 |
| XXXX | XXXX | 4350118188 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5960795 | 1 of 3 | 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 | 4350118188 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5960802 | 2 of 3 | 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 | 4350118188 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5960808 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118292 | 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 | 6160844 | 1 of 3 | 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 | 4350118292 | 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 | 6160925 | 2 of 3 | XXXX | Credit | Liabilities - Excluded Debts | There was no explanation or support for the omission of one or more debts from the initial application. Mortgage on XXXX XXXX with XXXX was excluded from debts. There is no evidence in file why this was exlcuded. Mortgage is in the borrowers' names. If included DTI variance is greater than 3%.<br>|  | Document Uploaded. - XXXX<br>| Corrected 1003 provided, debt was included. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118292 | 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 | 6161691 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118286 | 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 | 6158702 | 1 of 3 | XXXX | Credit | Title Document Missing | Title document is missing. Missing the supplement correcting the loan amount to $XXXX. <br>|  | Document Uploaded. - XXXX<br>| Title update provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118286 | 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 | 6159339 | 2 of 3 | 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 | 4350118286 | 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 | 6159359 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118311 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6231559 | 1 of 3 | 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 | 4350118311 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6231562 | 2 of 3 | 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 | 4350118311 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6231569 | 3 of 3 | XXXX | Credit | Hazard Insurance - Other Insurance Missing | The policy verifying other property insurance is missing from the loan file. Documentation of rent loss insurance is missing. <br>|  | Document Uploaded. Please find attached homeowner's insurance policy. Coverage D=Loss of Use pertains to rent loss. I have attached page 7 which explains Loss of use. This is the same as rent loss insurance. Sufficient coverage is noted. Please clear. Thank you. - XXXX<br>| Loss of Use/Rent Loss coverage was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118298 | 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 | 6153572 | 1 of 3 | XXXX | Credit | Evidence of Property Tax Missing | Missing evidence of property tax. MIssing proof of taxes used in the amount of $XXXX a month per 1008. <br>|  | Document Uploaded. - XXXX<br>| Document Uploaded. - XXXX<br>Evidence of property tax is present - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118298 | 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 | 6156659 | 2 of 3 | 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 | 4350118298 | 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 | 6163642 | 3 of 3 | XXXX | Compliance | HPML Loan and Full Appraisal Required | HPML loans require full appraisal report and missing from file. Loan is HPML and the borrower's acknowledgement of receipt of the appraisal is not located in the file. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. - XXXX<br>| Documentation provided is sufficient - XXXX<br>We need the physical copy of the borrower's acknowledgement of receipt of the appraisal. - XXXX<br>We are needing the Borrower's Acknowledgement of Receipt of the Appraisal. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118291 | 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 | 6164658 | 1 of 3 | 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 | 4350118291 | 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 | 6164799 | 2 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118291 | 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 | 6164912 | 3 of 3 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Maximum LTV for 716 credit score, primary residence purchase transaction with loan amount less than $XXXX is 85% LTV, when the subject loan LTV is 90%. <br>|  | Document Uploaded. - XXXX<br>| Condition waived. Exception provided for Guideline LTV is 85 LTV for 716 FICO, requesting 90 LTV. - XXXX<br>| 36 DTI, 4 years of housing history no lates, 12 months reserves, business open for 10 years<br> Monthly reserves is verified AND at least 4 months more than guideline minimum<br> Housing payment history is 0x30x24 or better | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118290 | 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 | 6215831 | 1 of 3 | 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 | 4350118290 | 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 | 6222680 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118290 | 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 | 6222999 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118315 | 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 | 6288105 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118315 | 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 | 6288107 | 2 of 3 | 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 | 4350118315 | 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 | 6291856 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118300 | 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 | 6211637 | 1 of 6 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. Unable to locate the final loan approval or Underwriting Summary (1008). Please provide the loan approval or 1008 reflecting final terms of subject loan. <br>|  | Document Uploaded. - XXXX<br>| 1008 was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118300 | 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 | 6211654 | 2 of 6 | 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 | 4350118300 | 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 | 6211672 | 3 of 6 | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Unable to locate a hazard insurance policy for XXXX. Please provide a current hazard insurance policy. <br>|  | As per the mortgage statement provided, the Hazard Insurance and Taxes are escrowed , Thus, HOI itself shouldn't be required. - XXXX<br>| MTG Statement in file and escrowed. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118300 | 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 | 6226116 | 4 of 6 | XXXX | Compliance | The Initial 1003 is Missing | The Initial 1003 is missing. <br>|  | Document Uploaded. - XXXX<br>| The Initial 1003 is present. - XXXX<br>Initial URLA provided. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118300 | 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 | 6246628 | 5 of 6 | XXXX | Credit | Condo - HOA Dues | The file does not contain documentation supporting the HOA/Condo dues. Unable to locate documentation supporting a monthly HOA fee of $XXXX, which is reflected on the final Closing Disclosure. The appraisal report indicated the monthly fee as $XXXX, but there appears to be a special assessment. Please provide documentation supporting a monthly HOA fee of $XXXX. <br>|  | Document Uploaded. - XXXX <br>Document Uploaded. HOA Has been updated to match the sales contract HOA and appraisal HOA. Please see attached revised 1003 and 1008. - XXXX<br>| At the higher condo monthly dues per the final CD the loan still qualifies, condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118300 | 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 | 6246819 | 6 of 6 | XXXX | Credit | Program Parameters - Borrower/Business Entity Ineligibility | Program Parameters - Borrower/Business Entity Ineligibility. Subject transaction is a purchase of a primary residence, but title is vested in a business entity known as XXXX LLC. Guidelines cite ownership or title vesting in the name of an LLC, partnership, or corporation (collectively 'Entity') is acceptable on Investment Property transactions only. Subject does not meet guidelines.  |  | Document Uploaded. We have gotten an exception approved, to close under an LLC, - XXXX<br>| Exception provided for: Closing in an LLC for a primary residence. - XXXX<br>| Low LTV, low DTI, clean housing payment history. | XXXX | Waived | 3 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118288 | 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 | 6191823 | 1 of 3 | 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 | 4350118288 | 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 | 6191835 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118288 | 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 | 6200720 | 3 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118310 | 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 | 6278194 | 1 of 3 | XXXX | Credit | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Coverage Amount - Hazard insurance amount is less than required coverage amount. Hazard insurance amount is less than required coverage amount <br>|  | Document Uploaded. Hello please find attached the hazard insurance policy with 100% replacement cost. Please clear Thank you. - XXXX<br>| Received evidence of 100% replacement cost - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118310 | 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 | 6278621 | 2 of 3 | 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 | 4350118310 | 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 | 6283504 | 3 of 3 | 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 | 4350118306 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6250413 | 1 of 3 | 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 | 4350118306 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6250422 | 2 of 3 | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Unable to locate PITIA documentation for the borrower's investment properties located at; XXXX <br>|  | Document Uploaded. attached. - XXXX<br>| REO Documentation provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118306 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6263366 | 3 of 3 | 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 | 4350118287 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Not Applicable | 6150728 | 1 of 3 | XXXX | Property | Property Issue - Neighborhood Location | The subject appraisal verified a neighborhood location not allowed per guidelines. Per the guidelines, Rural Properties are ineligible. <br>|  | Document Uploaded. XXXX disagrees with the findings per our guide listed on the u/w cert - XXXX<br>| Subject meets GL requirements for rural properties - XXXX<br> Condition upheld. Per Solutions Non-QM 3 Program Guidelines, on page 39 under Ineligible Properties, it states: • Rural Properties. A property is considered rural if: The appraiser indicates in the neighborhood section of the report a rural location, or The property is located on a gravel road and two of the three comparable properties are more than 5 miles from the subject property. The Appraiser called the property Rural under the Neighborhood section. <br> - XXXX |  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118287 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Not Applicable | 6150919 | 2 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118287 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Not Applicable | 6158437 | 3 of 3 | 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 | 4350118308 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6313482 | 1 of 3 | 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 | 4350118308 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6313489 | 2 of 3 | 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 | 4350118308 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6313502 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118309 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6321904 | 1 of 3 | XXXX | Compliance | The Deed of Trust is Incomplete | The Deed of Trust is incomplete. Missing notary page with signature and date. <br>|  | Document Uploaded. Hello please find the certified mortgage. The last page is the notary page. Please clear. Thank you. - XXXX<br>| Received complete DOT - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118309 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6324423 | 2 of 3 | 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 | 4350118309 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6328631 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6227608 | 1 of 7 | XXXX | Property | No Property Findings | Loan meets applicable appraisal guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6227609 | 2 of 7 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6243066 | 3 of 7 | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. Per guidelines-Max Ln Amt $XXXX/Min FICO 680/Max LTV 70%. Approval with LTV 75%. A formal exception is in file. <br>|  |  |  | Compensating factors-High FICO over program requires | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6243067 | 4 of 7 | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. Per guidelines-Max Ln Amt $XXXX/Min FICO 680/Max LTV 70%. Approval with LTV 75%. A formal exception is in file. <br>|  |  |  | Compensating factors-High FICO over program requires | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6243068 | 5 of 7 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Per guidelines-Max Ln Amt $XXXX/Min FICO 680/Max LTV 70%. Approval with LTV 75%. A formal exception is in file. <br>|  |  |  | Compensating factors-High FICO over program requires | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6243297 | 6 of 7 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Per guidelines-Layered entities are permitted up to two (2) layers when there is a single Guarantor of the top entity which is 100% owner / guarantor of bottom entity (title holder / borrower). Approval LLC has 4 layers within the LLC. A formal exception is in file. <br>|  |  |  | Compensating factors-High FICO over program requires | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6244242 | 7 of 7 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 2 | 2 |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6342957 | 1 of 6 | XXXX | Credit | Title Document Missing | Title document is missing. Unable to locate the title document in the loan file. <br>|  | Property is a co-op. There is no title. Instead, it's there is lien search that was uploaded. - XXXX<br>| Title document is fully present - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6342958 | 2 of 6 | XXXX | Credit | Missing Property Tax Cert | Unable to locate the property tax cert in the loan file. Missing property tax cert. Subject is a Co-Op Missing property tax cert. <br>|  | Property is a co-op file. No tax search. - XXXX<br>|  |  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6342959 | 3 of 6 | XXXX | Credit | Evidence of Property Tax Missing | Missing evidence of property tax. Unable to locate the property tax cert in the loan file. <br>|  | Property is a co-op file. No tax search. - XXXX<br>| Subject is a Co-Op. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6343030 | 4 of 6 | XXXX | Compliance | 1-4 Family Rider is Missing | The file is missing the 1-4 Family Rider. <br>|  | Property is a co-op file. There is no Mortgage and Riders. There is a loan security agreement instead. - XXXX<br>| Confirmed property is a co-op - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 2 |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6343363 | 5 of 6 | XXXX | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. <br>|  |  | The borrowers 679 credit score does not meet the minimum credit score requirement of 700. There is an exception approval in the loan file. - XXXX<br>| Low LTV, 70+ months reserves. | XXXX | Waived | 2 | 2 | 3 | 2 |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6343430 | 6 of 6 | 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 | 4350118319 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6345954 | 1 of 3 | 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 | 4350118319 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6345961 | 2 of 3 | 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 | 4350118319 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6345973 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6340982 | 1 of 5 | XXXX | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds guideline CLTV. The CLTV of 80% exceeds the guideline maximum of 75%. There is an exception approval in the file. <br>|  |  |  | High FICO over program requires | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6340983 | 2 of 5 | XXXX | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds guideline HCLTV. The HLTV of 80% exceeds the guideline maximum of 75%. There is an exception approval in the file. <br>|  |  |  | High FICO over program requires | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6340984 | 3 of 5 | XXXX | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. The LTV of 80% exceeds the guideline maximum of 75%. There is an exception approval in the file. <br>|  |  |  | High FICO over program requires | XXXX | Waived | 2 | 2 | 2 | 2 |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6341029 | 4 of 5 | 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 | 4350118305 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 6341032 | 5 of 5 | 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 | 4350118307 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6343857 | 1 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118307 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6343883 | 2 of 3 | 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 | 4350118307 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6343890 | 3 of 3 | 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 | 4350118254 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6091046 | 1 of 3 | XXXX | Compliance | Closing Detail Statement Indicator is Missing | Closing Detail Statement Indicator is Missing. The executed Final Closing Disclosure or Final Settlement Statement is Missing. <br>|  | Document Uploaded. - XXXX<br>| Closing Detail Statement Indicator is not Missing. - XXXX<br>Received final settlement statement - XXXX<br>|  | XXXX | Resolved | 4 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118254 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6091127 | 2 of 3 | 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 | 4350118254 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 6096179 | 3 of 3 | XXXX | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Borrowers must have satisfactory consecutive 12-month mortgage and/or rent payment history in the three (3) years prior to loan application. Mortgage and rental payments not reflected on the credit report must be documented via an institutional Verification of Rent or Verification of Mortgage (VOR/VOM), or with alternative documentation. Alternative documentation must show the most recent 12-month history, and may be in the form of canceled checks or bank statements, mortgage/rental statements including payment history, etc. Payments to private lenders or landlords require support with canceled checks. Missing 12 month housing payment history for subject XXXX. <br>|  | Document Uploaded. Kindly refer to the payment history of the XXXX #XXXX as attached. - XXXX | Pay History provided. Condition resolved. - XXXX<br>Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 4 | 1 |
| XXXX | XXXX | 4350118176 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5910776 | 1 of 4 | XXXX | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Unable to locate a 24 month mortgage history for the subject property. Please provide the 24 month mortgage payment history. <br>|  | Document Uploaded. VOM is attached. - XXXX<br>| Satisfactory VOM provided; only 12 month mortgage history required on the subject property. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118176 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5910819 | 2 of 4 | 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 | 4350118176 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5910820 | 3 of 4 | 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 | 4350118176 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 5949942 | 4 of 4 | XXXX | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The audited DSCR is 0.920 based on current rent of $XXXX. Guidelines require a minimum credit score of 720 when the DSCR is less than 1.0. Please provide a formal exception. <br>|  | Document Uploaded. Please see the attached Note Amendment. - XXXX <br> Attorney who drew the loan documents mistakenly put the PITIA as the P&I within the Note. Note should reflect a payment of $XXXX - Will provide a note modification to clear - XXXX | Received Note modification - XXXX<br>Received correspondence that the PI on the Note is incorrect and lender to provide a note modification. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118174 | 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 | 6103280 | 1 of 3 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118174 | 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 | 6160251 | 2 of 3 | 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 | 4350118174 | 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 | 6160360 | 3 of 3 | XXXX | Credit | No Credit Findings | The loan meets all applicable credit guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 1 | 1 |
| XXXX | XXXX | 4350118175 | 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 | 6084495 | 1 of 5 | XXXX | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118175 | 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 | 6160344 | 2 of 5 | XXXX | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. An approval or 1008 could not be found in the loan documents. <br>|  | Document Uploaded. - XXXX<br>| 1008 was provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118175 | 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 | 6160396 | 3 of 5 | XXXX | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Validation on if the property located at XXXX is in a HOA with additional required fees. <br>|  | there is no HOA for XXXX - XXXX | NO HOA dues was confirmed. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118175 | 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 | 6160607 | 4 of 5 | XXXX | Property | No Property Findings | Loan meets applicable appraisal guidelines. <br>|  |  |  |  | XXXX | Cleared | 1 | 1 | 3 | 1 |
| XXXX | XXXX | 4350118175 | 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 | 6163471 | 5 of 5 | XXXX | Credit | Approval - Lender Income Calculation Missing | The loan file did not contain the lender income calculation worksheet as required. <br>|  | Document Uploaded. - XXXX<br>| Income worksheet provided. Condition resolved. - XXXX<br>|  | XXXX | Resolved | 3 | 1 | 3 | 1 |

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## Exhibit 99.33

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.33**

![](maxwell-logo.jpg)

Client COLT 2025-12 <br> Transaction COLT 2025-12 <br> Date 12/03/2025

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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 | 4350118228 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118314 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118239 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118243 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXX | XXXX | 4350118230 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118231 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118236 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118238 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118229 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118237 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118233 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118245 | XXXX | XXXX | XXXX | XXXX | 4 | 2 | 4 | 2 | 1 | 1 | 1 | 1 D B A |
| XXXX | XXXX | 4350118246 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118235 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118244 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 3 | 1 | 1 | 1 C A B |
| XXXX | XXXX | 4350118242 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118313 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118241 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118240 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118227 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118277 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118232 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118226 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118301 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118302 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118180 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118214 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118223 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118204 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118278 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118269 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118200 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118209 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118199 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 1 | 1 | 1 | 1 | 4 | 1 D A |
| XXXX | XXXX | 4350118304 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118280 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118201 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118251 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118265 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118256 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118222 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118215 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118206 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118247 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118252 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 2 B A |
| XXXX | XXXX | 4350118173 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118273 | XXXX | XXXX | XXXX | XXXX | 4 | 2 | 3 | 2 | 1 | 1 | 4 | 1 D B C A |
| XXXX | XXXX | 4350118207 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118283 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | XXXX | 4 | 2 | 3 | 2 | 4 | 1 | 1 | 1 D B C A |
| XXXX | XXXX | 4350118196 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 2 | 1 C B A |
| XXXX | XXXX | 4350118197 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118218 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118249 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118208 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118248 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118190 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118284 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118282 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118253 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118267 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118192 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118257 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118272 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118266 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118317 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118270 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118297 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 1 | 1 | 3 | 1 D A C |
| XXXX | XXXX | 4350118271 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118255 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118268 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118281 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118274 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118275 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118321 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118259 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118220 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118258 | XXXX | XXXX | XXXX | XXXX | 4 | 2 | 4 | 2 | 1 | 1 | 1 | 1 D B A |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118179 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118294 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 1 | 1 | 4 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350118185 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118177 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118184 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118189 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118296 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118182 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118295 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118279 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118178 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 1 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350118202 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 4 | 1 | 1 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350118183 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 3 | 1 C A |
| XXXX | XXXX | 4350118181 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118234 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118195 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118264 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118194 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118186 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 3 | 1 | 4 | 1 | 1 | 1 D A C |
| XXXX | XXXX | 4350118212 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118217 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118213 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118299 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118262 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 1 | 1 | 1 | 3 | 2 C B A |
| XXXX | XXXX | 4350118293 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118261 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118193 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 2 | 1 | 1 | 1 C A B |
| XXXX | XXXX | 4350118216 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118312 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118210 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118219 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118224 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118260 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118205 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118225 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118285 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118191 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118316 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118289 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXX | XXXX | 4350118187 | XXXX | XXXX | XXXX | XXXX | 4 | 2 | 4 | 1 | 1 | 1 | 2 | 2 D B A |
| XXXX | XXXX | 4350118188 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118292 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118286 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118311 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118298 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 3 | 1 | 1 | 1 D A C |
| XXXX | XXXX | 4350118291 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118290 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118315 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118300 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 3 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118288 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118310 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118306 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118287 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 1 | 1 | 1 | 1 | 3 | 1 C A |
| XXXX | XXXX | 4350118308 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118309 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 1 | 1 | 4 | 1 | 1 | 1 D A |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | XXXX | 3 | 2 | 3 | 2 | 3 | 1 | 1 | 1 C B A |
| XXXX | XXXX | 4350118319 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | XXXX | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 B A |
| XXXX | XXXX | 4350118307 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118254 | XXXX | XXXX | XXXX | XXXX | 4 | 1 | 3 | 1 | 4 | 1 | 1 | 1 D A C |
| XXXX | XXXX | 4350118176 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |
| XXXX | XXXX | 4350118174 | XXXX | XXXX | XXXX | XXXX | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 A |
| XXXX | XXXX | 4350118175 | XXXX | XXXX | XXXX | XXXX | 3 | 1 | 3 | 1 | 1 | 1 | 1 | 1 C A |

---

## Exhibit 99.34

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.34**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **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 | 4350118228 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118314 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118239 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118243 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 69.96 | 69.96 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.5 | XXXX |
| XXXX | XXXX | 4350118230 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.2 | XXXX |
| XXXX | XXXX | 4350118231 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2.4 | XXXX |
| XXXX | XXXX | 4350118236 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118238 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 52.63 | 52.63 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.1 | XXXX |
| XXXX | XXXX | 4350118229 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118237 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 85 | 85 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118233 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 74.42 | 74.42 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118245 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118246 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 55 | 55 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.1 | XXXX |
| XXXX | XXXX | 4350118235 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 50.25 | 50.25 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118244 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118242 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118313 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118241 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 65 | 65 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.4 | XXXX |
| XXXX | XXXX | 4350118240 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118227 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118277 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 85 | 85 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118232 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118226 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 90 | 90 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118301 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 74.37 | 74.37 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118302 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118180 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118214 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118223 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 74.94 | 74.94 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118204 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 48.39 | 48.39 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118278 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118269 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 52.88 | 52.88 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.1 | XXXX |
| XXXX | XXXX | 4350118200 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 3.7 | XXXX |
| XXXX | XXXX | 4350118209 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118199 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 60 | 60 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118304 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2.2 | XXXX |
| XXXX | XXXX | 4350118280 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 79.37 | 79.37 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.3 | XXXX |
| XXXX | XXXX | 4350118201 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118251 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2.1 | XXXX |
| XXXX | XXXX | 4350118265 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 65 | 65 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118256 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 55 | 55 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118222 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 67.59 | 67.59 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118215 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.5 | XXXX |
| XXXX | XXXX | 4350118206 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 63.43 | 63.43 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.5 | XXXX |
| XXXX | XXXX | 4350118247 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118252 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118173 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | -0.0356 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | -0.0356 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118273 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2.2 | XXXX |
| XXXX | XXXX | 4350118207 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 73.96 | 73.96 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118283 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 50 | 50 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  | 1 | XXXX | Eligible | 1 | XXXX |
| XXXX | XXXX | 4350118196 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 60 | 60 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118197 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118218 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118249 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 68.2 | 68.2 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | 0 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118208 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118248 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2.2 | XXXX |
| XXXX | XXXX | 4350118190 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 60 | 60 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118284 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 65 | 65 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.1 | XXXX |
| XXXX | XXXX | 4350118282 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Loan Collateral Advisor (LCA) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  | 2.5 | XXXX | Eligible |  | XXXX |
| XXXX | XXXX | 4350118253 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.3 | XXXX |
| XXXX | XXXX | 4350118267 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 90 | 90 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118192 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 64.42 | 64.42 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118257 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 62.86 | 62.86 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.3 | XXXX |
| XXXX | XXXX | 4350118272 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.1 | XXXX |
| XXXX | XXXX | 4350118266 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | -0.0632 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | -0.0632 | XXXX | moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118317 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118270 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 60 | 60 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118297 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 85 | 85 | XXXX | XXXX | -0.0366 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | -0.0366 | XXXX | -3.7 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118271 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118255 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118268 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118281 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | -0.0188 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | -0.0188 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118274 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 60 | 60 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118275 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 54.55 | 54.55 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.5 | XXXX |
| XXXX | XXXX | 4350118321 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 59.54 | 59.54 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118259 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | REASONABLE | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118220 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 85 | 85 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | EXCELLENT | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118258 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 29.82 | 29.82 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | REASONABLE | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | 1025 Small Residential Income Report |  |  |  |  | XXXX | XXXX | 0 | XXXX | 1025 Small Residential Income Report | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118179 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 62.5 | 62.5 | XXXX | XXXX | -0.0781 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | -0.0781 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118294 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 74.56 | 74.56 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118185 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118177 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118184 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118189 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118296 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 68.41 | 68.41 | XXXX | XXXX | -0.0878 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | -0.0878 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118182 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118295 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118279 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 61.22 | 61.22 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118178 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118202 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0.0038 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0.0038 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118183 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0.0042 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0.0042 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118181 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118234 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2 | XXXX |
| XXXX | XXXX | 4350118195 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 41.1 | 41.1 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118264 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 61.71 | 61.71 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118194 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 53.33 | 53.33 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 2090 Individual Coop Report | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118186 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 75 | 75 | XXXX | XXXX | -0.0208 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | -0.0208 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118212 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118217 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0.0333 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118213 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118299 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  | 1 | XXXX | Eligible | 1 | XXXX |
| XXXX | XXXX | 4350118262 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118293 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.6 | XXXX |
| XXXX | XXXX | 4350118261 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 59.92 | 59.92 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118193 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118216 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118312 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 52.63 | 52.63 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2 | XXXX |
| XXXX | XXXX | 4350118210 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 76.92 | 76.92 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | 0 | XXXX | 1004 URAR | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118219 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118224 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.4 | XXXX |
| XXXX | XXXX | 4350118260 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118205 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118225 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118285 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 69.16 | 69.16 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.7 | XXXX |
| XXXX | XXXX | 4350118191 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118316 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118289 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Loan Collateral Advisor (LCA) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  | 2.5 | XXXX | Not Eligible |  | XXXX |
| XXXX | XXXX | 4350118187 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  | 1 | XXXX | Eligible | 1 | XXXX |
| XXXX | XXXX | 4350118188 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 3.3 | XXXX |
| XXXX | XXXX | 4350118292 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118286 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 57.08 | 57.08 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118311 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118298 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118291 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118290 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 69.56 | 69.56 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118315 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 67.42 | 67.42 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118300 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 62.11 | 62.11 | XXXX | XXXX |  |  |  |  |  |  | XXXX | XXXX | 0.0311 | XXXX | 1073 Individual Condo Report | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118288 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |
| XXXX | XXXX | 4350118310 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 78.6 | 78.6 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2.7 | XXXX |
| XXXX | XXXX | 4350118306 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2.6 | XXXX |
| XXXX | XXXX | 4350118287 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  | 0 | XXXX | Not Eligible | 1 | XXXX |
| XXXX | XXXX | 4350118308 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118309 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 50.19 | 50.19 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2.3 | XXXX |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 2.5 | XXXX |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 2090 Individual Coop Report | XXXX | 57.45 | 57.45 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 0 | XXXX |
| XXXX | XXXX | 4350118319 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | MODERATE RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.5 | XXXX |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 3.9 | XXXX |
| XXXX | XXXX | 4350118307 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 60 | 60 | XXXX | XXXX | 0.0363 | AVM |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX | 0.0363 | 97 | 0.03 | Other | iAVM | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118254 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low Risk Score | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118176 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 74.84 | 74.84 | XXXX | XXXX | 0 | Desk Review |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  |  | XXXX |
| XXXX | XXXX | 4350118174 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | 60 | 60 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1.6 | XXXX |
| XXXX | XXXX | 4350118175 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | 63.49 | 63.49 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  | XXXX |  | 1 | XXXX |

---

## Exhibit 99.35

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.35**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 | 4350118292 | XXXX | XXXX | XXXX | Amortization Term | notePage | XXXX | XXXX | note verified |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | B1 Country Name | the1003Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118213 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118299 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118224 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118187 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118188 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118306 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118287 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118308 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX | . |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX | Per the Patriot Act, B1 Individual Tax Identification Number Itin has been verified. |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118319 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | B1 Individual Tax Identification Number (ITIN)? | fraudReportPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118228 | XXXX | XXXX | XXXX | B1 Verified Citizenship Designation | fraudReportPage | Foreign National | Non Resident Alien | verified with approval |
| XXXX | XXXX | 4350118235 | XXXX | XXXX | XXXX | B1 Verified Citizenship Designation | fraudReportPage | Foreign National | Non Resident Alien | verified with approval. |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Balloon Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | Borrower 1 Citizen | the1003Page | US Citizen |  | Verified |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | Borrower 1 Citizen | the1003Page | US Citizen |  | Tape did not report data to compare |
| XXXX | XXXX | 4350118201 | XXXX | XXXX | XXXX | Borrower 1 Citizen | the1003Page | US Citizen |  | Tape did not provide data for comparison |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | Borrower 1 Citizen | the1003Page | US Citizen |  |  |
| XXXX | XXXX | 4350118272 | XXXX | XXXX | XXXX | Borrower 1 First Name | notePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | Borrower 1 First Name | notePage | XXXX | XXXX | Per the Patriot Act, the Borrower's first name has been verified. |
| XXXX | XXXX | 4350118220 | XXXX | XXXX | XXXX | Borrower 1 FTHB | the1003Page | true | N | Per loan application, B1 is first time home buyer. The loan was qualified not as first time home buyer as B2 meets qualifications for homeowner within the previous 3 years. |
| XXXX | XXXX | 4350118239 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Per Driver's license |
| XXXX | XXXX | 4350118265 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | per ID, signature |
| XXXX | XXXX | 4350118185 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | <br> Verified |
| XXXX | XXXX | 4350118177 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Per the source documents |
| XXXX | XXXX | 4350118202 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350118183 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Per General Warranty Deed executed XXXX, the subject property ownership transferred from XXXX The Guarantor's last name is XXXX who executed the transfer document. |
| XXXX | XXXX | 4350118264 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Per source documents |
| XXXX | XXXX | 4350118213 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118225 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | ID, signature |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Borrower 1 Other Income | the1003Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118200 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | employmentIncomePage | XXXX | XXXX | DSCR |
| XXXX | XXXX | 4350118209 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | employmentIncomePage | XXXX | XXXX | DSCR loan - Income is not used in qualifying |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | employmentIncomePage | XXXX | XXXX | DSCR loan does not require income to qualify |
| XXXX | XXXX | 4350118304 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | employmentIncomePage | XXXX | XXXX | DSCR loan uses no qualifying income |
| XXXX | XXXX | 4350118201 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | employmentIncomePage | XXXX | XXXX | DSCR loan - No income used in qualifying |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | Borrower 1 Qualifying Income | employmentIncomePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Borrower 1 Rent or Own | the1003Page | No Primary Housing Expense | LivingRentFree |  |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | Borrower 1 Self-Employment Flag | the1003Page | No | Y | Verified |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | Borrower 1 Self-Employment Flag | the1003Page | No | N |  |
| XXXX | XXXX | 4350118218 | XXXX | XXXX | XXXX | Borrower 1 Self-Employment Flag | employmentIncomePage | Yes | N | Borrower is self-employed |
| XXXX | XXXX | 4350118190 | XXXX | XXXX | XXXX | Borrower 1 Self-Employment Flag | employmentIncomePage | Yes | N | per 1003 and documents provided |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Borrower 1 Years in Current Home | the1003Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118220 | XXXX | XXXX | XXXX | Borrower 3 Last Name | notePage | XXXX | XXXX | Per California driver's license |
| XXXX | XXXX | 4350118243 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 0.861 | 1.00292202687831 |  |
| XXXX | XXXX | 4350118241 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 0.994 | 1.04589912461413 | unable to determine tape ratio. |
| XXXX | XXXX | 4350118269 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 0 | NA |  |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.167 | 1.08 | Missing appraisal and market rent/lease |
| XXXX | XXXX | 4350118304 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.2 | 1.13 | Per the source documents |
| XXXX | XXXX | 4350118273 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.028 | 1.04 | No rental income information provided. |
| XXXX | XXXX | 4350118196 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.347 | 1.36 | Missing lease agreements to support using higher lease $XXXX. |
| XXXX | XXXX | 4350118272 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 0 | NA |  |
| XXXX | XXXX | 4350118270 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.255 | 1.18 | It appears 1.18 DSCR was based on rental income of $XXXX/month. However, the leases and the 1025 support $XXXX/month. |
| XXXX | XXXX | 4350118271 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 0 | NA | Document type is written verification of employmnet not DSCR |
| XXXX | XXXX | 4350118181 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.364 | 1.038 | Verified using lease rent, IO payment and taxes and insurance from documents in file |
| XXXX | XXXX | 4350118176 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.14 | 1.053 | Verified PITIA and used current rent |
| XXXX | XXXX | 4350118174 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 0 | NA |  |
| XXXX | XXXX | 4350118195 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | finalCdDetailPage | XXXX | XXXX | Per final Closing Disclosure |
| XXXX | XXXX | 4350118264 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | postConsummationCdDetailPage | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350118186 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | hudClosingDetailPage | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350118299 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | postConsummationCdDetailPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118262 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | hudClosingDetailPage | XXXX | XXXX | Per the source documents |
| XXXX | XXXX | 4350118261 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | postConsummationCdDetailPage | XXXX | XXXX | Per XXXX final Closing Disclosure |
| XXXX | XXXX | 4350118312 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | finalCdDetailPage | XXXX | XXXX | verified with final CD |
| XXXX | XXXX | 4350118187 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | finalCdDetailPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118188 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | hudClosingDetailPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | closingDetailsNonCompliancePage | XXXX | XXXX | Per the Final CD, the cash out has been verified. |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | Cash out Include Debt Paid at Close | hudClosingDetailPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | Final Reviewed QM Status | diligenceFinalLookPage | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors |  |
| XXXX | XXXX | 4350118215 | XXXX | XXXX | XXXX | Final Reviewed QM Status | diligenceFinalLookPage | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | Investment = exempt |
| XXXX | XXXX | 4350118253 | XXXX | XXXX | XXXX | Final Reviewed QM Status | diligenceFinalLookPage | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | Investment transactions are not subject to QM/ATR requiremetnts |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | Yes | No | Verified |
| XXXX | XXXX | 4350118209 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | Yes | No | Per Note IO |
| XXXX | XXXX | 4350118247 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | Yes | No | Verified |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | Yes | true |  |
| XXXX | XXXX | 4350118213 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118224 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118187 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118188 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118306 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118287 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | No | false | Per the Note, the loan is not an Interest Only Flag. |
| XXXX | XXXX | 4350118319 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | Interest Only Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118209 | XXXX | XXXX | XXXX | Interest Only Term | notePage | 120 |  | Tape did not report data to compare |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | Interest Only Term | notePage | 120 | 10 Years |  |
| XXXX | XXXX | 4350118202 | XXXX | XXXX | XXXX | Interest Only Term | notePage | 120 | 10 Years |  |
| XXXX | XXXX | 4350118183 | XXXX | XXXX | XXXX | Interest Only Term | notePage | 120 | 0 |  |
| XXXX | XXXX | 4350118239 | XXXX | XXXX | XXXX | Interest Rate | notePage | 8.875 | 0.0888 | Per Note |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | Interest Rate | notePage | 7.125 | 7.2500 | Per Note |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | Interest Rate | notePage | 7 | 7.875 | Per Note |
| XXXX | XXXX | 4350118291 | XXXX | XXXX | XXXX | Interest Rate | notePage | 8.25 | 9.75 | Per 1008 and Note |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | Loan Amount | notePage | XXXX | XXXX | Per Note and approval |
| XXXX | XXXX | 4350118304 | XXXX | XXXX | XXXX | Loan Amount | notePage | XXXX | XXXX | Per the source documents |
| XXXX | XXXX | 4350118247 | XXXX | XXXX | XXXX | Loan Amount | notePage | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350118217 | XXXX | XXXX | XXXX | Loan Amount | notePage | XXXX | XXXX | verified with Note |
| XXXX | XXXX | 4350118286 | XXXX | XXXX | XXXX | Loan Amount | notePage | XXXX | XXXX | Per XXXX Note |
| XXXX | XXXX | 4350118291 | XXXX | XXXX | XXXX | Loan Amount | notePage | XXXX | XXXX | Per Note |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Loan Origination Application Date | complianceDetailPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Loan Origination Company | notePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118266 | XXXX | XXXX | XXXX | Loan Program | the1003Page | XXXX | XXXX | Per 1008 and loan application, subject property is a primary residence, and the Investsmart program is for investment transactions |
| XXXX | XXXX | 4350118269 | XXXX | XXXX | XXXX | Loan Purpose | the1003Page | Refinance | Refi-Cashout |  |
| XXXX | XXXX | 4350118174 | XXXX | XXXX | XXXX | Loan Purpose | the1003Page | Refinance | Refi-Cashout |  |
| XXXX | XXXX | 4350118186 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Verified |
| XXXX | XXXX | 4350118193 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Verified |
| XXXX | XXXX | 4350118205 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per 1008 appraisal report |
| XXXX | XXXX | 4350118191 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per 1008 and Lock Confirmation |
| XXXX | XXXX | 4350118316 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | DSCR loan |
| XXXX | XXXX | 4350118188 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional |  |
| XXXX | XXXX | 4350118311 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Reviewed as DSCR per Loan Approval |
| XXXX | XXXX | 4350118287 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional |  |
| XXXX | XXXX | 4350118308 | XXXX | XXXX | XXXX | Loan Type | the1003Page | Conventional | Other | . |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Per the Rate Lock, the Loan Type has been verified as a DSCR. |
| XXXX | XXXX | 4350118319 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional |  |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional |  |
| XXXX | XXXX | 4350118302 | XXXX | XXXX | XXXX | MIN No | deedOfTrustPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | MIN No | deedOfTrustPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Negative Amortization Flag | notePage | No | false |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Number of Mortgaged Properties | creditLiabilitiesPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118302 | XXXX | XXXX | XXXX | Occupancy | the1003Page | Primary Residence | PrimaryResidence |  |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | Occupancy | the1003Page | Investment | Investor |  |
| XXXX | XXXX | 4350118316 | XXXX | XXXX | XXXX | Originator DSCR | diligenceFinalLookPage | 0.887 | 0.852 |  |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | Prepayment Penalty Calculation | notePage | 5% | Y | Verified |
| XXXX | XXXX | 4350118251 | XXXX | XXXX | XXXX | Prepayment Penalty Calculation | notePage | 5% | Y | Verified |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | Prepayment Penalty Calculation | notePage | 5% | Y |  |
| XXXX | XXXX | 4350118248 | XXXX | XXXX | XXXX | Prepayment Penalty Calculation | notePage | 5% | Y | Verified |
| XXXX | XXXX | 4350118243 | XXXX | XXXX | XXXX | Primary Appraised Property Value | propertyValuationPage | XXXX | XXXX | Per appraisal |
| XXXX | XXXX | 4350118213 | XXXX | XXXX | XXXX | Property Address | notePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | Property Address | notePage | XXXX | XXXX | Per appraisal report and supported by title commitment |
| XXXX | XXXX | 4350118308 | XXXX | XXXX | XXXX | Property Address | notePage | XXXX | XXXX | Per the Note |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | Property Address | notePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118209 | XXXX | XXXX | XXXX | Property City | notePage | XXXX | XXXX | Per Note, supported by title commitment and appraisal report |
| XXXX | XXXX | 4350118246 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Condotel | Condominium |  |
| XXXX | XXXX | 4350118313 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | verified with appraisal |
| XXXX | XXXX | 4350118232 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Attached | Verified |
| XXXX | XXXX | 4350118256 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Attached | Property is a 3 unit |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Single Family Detached | Detached |  |
| XXXX | XXXX | 4350118190 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | PUD | Detached | per appraisal |
| XXXX | XXXX | 4350118270 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Two Unit per appraisal |
| XXXX | XXXX | 4350118255 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Verified with appraisal |
| XXXX | XXXX | 4350118217 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | verified with appraisal |
| XXXX | XXXX | 4350118224 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached |  |
| XXXX | XXXX | 4350118225 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | appraisal |
| XXXX | XXXX | 4350118286 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | Per 1004 appraisal report |
| XXXX | XXXX | 4350118254 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | home is a 3 unit |
| XXXX | XXXX | 4350118232 | XXXX | XXXX | XXXX | Property Zip Code | notePage | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350118203 | XXXX | XXXX | XXXX | Property Zip Code | notePage | XXXX | XXXX | per appraisal |
| XXXX | XXXX | 4350118202 | XXXX | XXXX | XXXX | Property Zip Code | notePage | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350118181 | XXXX | XXXX | XXXX | Property Zip Code | notePage | XXXX | XXXX | Verified from Note |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Proposed First Mortgage P&I | the1008Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Proposed Hazard Insurance | the1008Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Proposed HOA | the1008Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Proposed Mortgage Insurance | the1008Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Proposed Other | the1008Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Proposed Other Financing P&I | the1008Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118221 | XXXX | XXXX | XXXX | Proposed Real Estate Taxes | the1008Page | XXXX | XXXX |  |
| XXXX | XXXX | 4350118243 | XXXX | XXXX | XXXX | Qualifying Amortization Term | notePage | 0 | 360 | Per guidelines, the qualifying payment for an interest only loan is the monthly interest, so amortization would be 0. |
| XXXX | XXXX | 4350118269 | XXXX | XXXX | XXXX | Qualifying CLTV | propertyValuationPage | 52.88 | 52.89 |  |
| XXXX | XXXX | 4350118299 | XXXX | XXXX | XXXX | Qualifying CLTV | propertyValuationPage | 80 | 0 |  |
| XXXX | XXXX | 4350118262 | XXXX | XXXX | XXXX | Qualifying CLTV | propertyValuationPage | 75 | 0 | Per the source documents |
| XXXX | XXXX | 4350118187 | XXXX | XXXX | XXXX | Qualifying CLTV | propertyValuationPage | 70 | 0 |  |
| XXXX | XXXX | 4350118302 | XXXX | XXXX | XXXX | Qualifying FICO | creditLiabilitiesPage | 698 | 682 |  |
| XXXX | XXXX | 4350118183 | XXXX | XXXX | XXXX | Qualifying FICO | creditLiabilitiesPage | 730 | 724 | Per XXXX credit report |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | Qualifying FICO | creditLiabilitiesPage | 679 | 680 |  |
| XXXX | XXXX | 4350118195 | XXXX | XXXX | XXXX | Qualifying LTV | propertyValuationPage | 41.1 | 41.96 | Per 1008: Note and 1004 appraisal: $XXXX / $XXXX = 41.10% (rounded) |
| XXXX | XXXX | 4350118261 | XXXX | XXXX | XXXX | Qualifying LTV | propertyValuationPage | 59.92 | 50 | Per 1008: LTV based on appraisal and loan amount |
| XXXX | XXXX | 4350118312 | XXXX | XXXX | XXXX | Qualifying LTV | propertyValuationPage | 52.63 | 55.56 | verified with appraisal and approval |
| XXXX | XXXX | 4350118286 | XXXX | XXXX | XXXX | Qualifying LTV | propertyValuationPage | 57.08 | 52.79 | Per 1008, supported by Note and Closing Disclosure (sales price): $XXXX Note/$XXXX SP = 57.08% |
| XXXX | XXXX | 4350118301 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 47.58 | 47.695 | The debts used on the tape were inaccurate and resulted in an overinflated DTI |
| XXXX | XXXX | 4350118302 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 32.15 | 31.782 |  |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 34.21 | 34.430 |  |
| XXXX | XXXX | 4350118269 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 45.55 | 42.03 |  |
| XXXX | XXXX | 4350118265 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 33.59 | 30.52 | 1008 shows DTI of 30.52% however calculation of $XXXX income and $XXXX total debts = 33.59%. |
| XXXX | XXXX | 4350118272 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 45.92 | 45.93 |  |
| XXXX | XXXX | 4350118264 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 45.89 | 33.53 | Per source documents |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 38.67 | 38.92 | finding added for final approval |
| XXXX | XXXX | 4350118212 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 47.98 | 48.08 | Variance due to the omission of TD Auto and Citicards monthly obligations from the debt ratio. |
| XXXX | XXXX | 4350118217 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 27.45 | 30 | verified with approval |
| XXXX | XXXX | 4350118213 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 47.89 | 46.3 |  |
| XXXX | XXXX | 4350118299 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 8.62 | 9.03 |  |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 46.31 | 49 | Per documentation in file and missing Loan Approval and 1008 documents |
| XXXX | XXXX | 4350118261 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 18.78 | 13.67 | Per 1008 and loan application, variance due to investment property PITIA not factored into total liabilities |
| XXXX | XXXX | 4350118312 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 49.94 | 49 | finding added. income miscalculated |
| XXXX | XXXX | 4350118219 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 42.58 | 42.33 | revolving debts miscalculated |
| XXXX | XXXX | 4350118224 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 31.12 | 32.04 |  |
| XXXX | XXXX | 4350118187 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 35.84 | 33.12 |  |
| XXXX | XXXX | 4350118286 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 9.02 | 5 | Per 1008, 8.947% debt ratio and 9.02% debt ratio would be within variance |
| XXXX | XXXX | 4350118291 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 37.77 | 44.19 | Per 1008, within tolerance |
| XXXX | XXXX | 4350118290 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 46.25 | 30.41 | Matches 1008 |
| XXXX | XXXX | 4350118306 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 24.9 | 23 |  |
| XXXX | XXXX | 4350118308 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 33.9 | 33 | Per the file |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 0 |  |  |
| XXXX | XXXX | 4350118174 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 40.66 | 40.98 |  |
| XXXX | XXXX | 4350118195 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 112.5 | 18 | Per final Closing Disclosure, majority of assets from loan proceeds. |
| XXXX | XXXX | 4350118264 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 15.43 | 24 | Verified |
| XXXX | XXXX | 4350118211 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 14.82 | 16 | Condition added to support needed assets. |
| XXXX | XXXX | 4350118186 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 45.29 | 12 | Verified |
| XXXX | XXXX | 4350118217 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 47.87 | 12 | verified with assets in file |
| XXXX | XXXX | 4350118213 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 28.16 | 12 |  |
| XXXX | XXXX | 4350118299 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 89.23 | 12 |  |
| XXXX | XXXX | 4350118262 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 49.5 | 6 | Per the source documents |
| XXXX | XXXX | 4350118263 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 6.45 | 7 | Per documentation provided |
| XXXX | XXXX | 4350118219 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 6.2 | 12 | required reserves are 6 |
| XXXX | XXXX | 4350118224 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 19.38 | 12 |  |
| XXXX | XXXX | 4350118191 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 5.11 | 12 | Per bank statement in file |
| XXXX | XXXX | 4350118187 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 85.86 | 12 |  |
| XXXX | XXXX | 4350118188 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 101.46 | 12 |  |
| XXXX | XXXX | 4350118306 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 52.89 | 9 |  |
| XXXX | XXXX | 4350118287 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 13.05 | 12 |  |
| XXXX | XXXX | 4350118276 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 115.33 | 9 | Per the Bank Statements, the Qualifying reserves has been verified. |
| XXXX | XXXX | 4350118320 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 73.72 | 9 |  |
| XXXX | XXXX | 4350118319 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 14.63 | 9 |  |
| XXXX | XXXX | 4350118305 | XXXX | XXXX | XXXX | Qualifying Total Reserves Number of Months | assetPage | 30.81 | 9 |  |
| XXXX | XXXX | 4350118223 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | Limited Cash Out - <2% of Loan Amount or $2000 | No Cash Out - Borrower Initiated |  |
| XXXX | XXXX | 4350118222 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | Limited Cash Out - <2% of Loan Amount or $2000 | No Cash Out - Borrower Initiated |  |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | propertyValuationPage | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350118209 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | propertyValuationPage | XXXX | XXXX | Per appraisal |
| XXXX | XXXX | 4350118198 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | propertyValuationPage | XXXX | XXXX | Missing appraisal |
| XXXX | XXXX | 4350118304 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | propertyValuationPage | XXXX | XXXX | Per the source documents |
| XXXX | XXXX | 4350118201 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | propertyValuationPage | XXXX | XXXX | Verified per appraisal |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | propertyValuationPage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118190 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | propertyValuationPage | XXXX | XXXX | per appraisal |
| XXXX | XXXX | 4350118282 | XXXX | XXXX | XXXX | Reviewed Appraised Property Value | propertyValuationPage | XXXX | XXXX | Per 1008 |
| XXXX | XXXX | 4350118247 | XXXX | XXXX | XXXX | Sales Price | propertyValuationPage | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350118217 | XXXX | XXXX | XXXX | Sales Price | finalCdDetailPage | XXXX | XXXX | verified with final CD |
| XXXX | XXXX | 4350118291 | XXXX | XXXX | XXXX | Sales Price | finalCdDetailPage | XXXX | XXXX | Per final Closing Disclosure, 1008, and XXXX Change of Circumstance |
| XXXX | XXXX | 4350118269 | XXXX | XXXX | XXXX | Underwriting Guideline Name | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118272 | XXXX | XXXX | XXXX | Underwriting Guideline Name | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118174 | XXXX | XXXX | XXXX | Underwriting Guideline Name | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118302 | XXXX | XXXX | XXXX | Underwriting Guideline Product Name | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | Underwriting Guideline Product Name | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118250 | XXXX | XXXX | XXXX | Underwriting Guideline Product Name | businessPurposeApprovalandGuidelinePage | XXXX | XXXX | Verified |
| XXXX | XXXX | 4350118318 | XXXX | XXXX | XXXX | Underwriting Guideline Product Name | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118302 | XXXX | XXXX | XXXX | Underwriting Guideline Version | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | Underwriting Guideline Version | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118302 | XXXX | XXXX | XXXX | Underwriting Guideline Version Date | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118303 | XXXX | XXXX | XXXX | Underwriting Guideline Version Date | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | XXXX | 4350118229 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio |  | formatting |
| XXXX | XXXX | 4350118237 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Lone Star Funds | Per 1008, supported by bank statements in file |
| XXXX | XXXX | 4350118246 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Lone Star Funds | Verified |
| XXXX | XXXX | 4350118232 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Lone Star Funds | Verified |
| XXXX | XXXX | 4350118269 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 1YR Business P&L | Business P&L |  |
| XXXX | XXXX | 4350118272 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 1YR Business P&L | Business P&L |  |
| XXXX | XXXX | 4350118259 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 1YR Business P&L | 12 Month Bank Statement |  |

---

## Exhibit 99.36

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.36**

![](ex9936001.jpg)

**COLT 2025-12**<br>Lone Star Residential Acquisitions, LLC.<br>

Opus Capital Markets Consultants, LLC <br>

300 Tri-State International – Suite 320 \| Lincolnshire, IL 60069 \| <u>www.opuscmc.com</u> \| 224.632.1300

**Executive Narrative**

**December 4, 2025**

**Performed by** 

**Opus Capital Markets Consultants, LLC**

The report summarizes the results of a due diligence review performed on a pool of 28 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 fourteen (14) Non-QM loans and fourteen (14) ATR/QM Exempt loans, of which eleven (11) are DSCR loans and three (3) 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.

**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**<br>

● 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.

● 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).

<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).

&nbsp;&nbsp;&nbsp;&nbsp;&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;&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;&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;&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;&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;&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) business days prior to 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;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

&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>:

&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):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Confirm
 the presence of the Servicing Transfer Disclosure form in file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o 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):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Confirm
 the presence of the Home Loan Tool Kit is in file for covered loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Confirm
 the Home Loan Tool Kit is provided within three general business days of application

● Affiliated Business Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Confirm
 the presence of the Affiliated Business Disclosure in file in the event the lender has
 affiliated business arrangements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o 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)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Confirm
 the Affiliated Business Disclosure is executed.

● Initial Escrow Disclosure Statement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Confirm
 the presence of the Initial Escrow Disclosure Statement in file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o 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**<br>

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 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 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

● 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.

**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.

**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**<br>

● 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**<br>

● 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)

**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.

**<u>Pool Details</u>**

![](ex9936002.jpg)

![](ex9936003.jpg)

**<u>Tape Discrepancies</u>**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Data Element** | &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Accuracy** |
| &nbsp;&nbsp;Property Address | &nbsp;&nbsp;2 | &nbsp;&nbsp;92.86% |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;6 | &nbsp;&nbsp;78.57% |
| &nbsp;&nbsp;Qualifying FICO | &nbsp;&nbsp;2 | &nbsp;&nbsp;92.86% |
| &nbsp;&nbsp;Qualifying Total Debt Income Ratio | &nbsp;&nbsp;5 | &nbsp;&nbsp;82.14% |
| &nbsp;&nbsp;**Total Loan Population** | &nbsp;&nbsp;**28** |  |

---

**Multiple Loans to One Borrower:** TPR firm reviewed common identifiers for all loans in the population and confirmed there was one 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>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;S&P | &nbsp;&nbsp;Moody's | &nbsp;&nbsp;Fitch | &nbsp;&nbsp;Kroll | &nbsp;&nbsp;DBRS | &nbsp;&nbsp;Definition |
| &nbsp;&nbsp;A | &nbsp;&nbsp;A | &nbsp;&nbsp;A | &nbsp;&nbsp; A | &nbsp;&nbsp; A | &nbsp;&nbsp;Loan conforms to all applicable guidelines, no conditions noted |
| &nbsp;&nbsp;B | &nbsp;&nbsp;B | &nbsp;&nbsp;B | &nbsp;&nbsp; B | &nbsp;&nbsp; B | &nbsp;&nbsp;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 |
| &nbsp;&nbsp;C | &nbsp;&nbsp;C | &nbsp;&nbsp;C | &nbsp;&nbsp; C | &nbsp;&nbsp; C | &nbsp;&nbsp;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 |
| &nbsp;&nbsp;D | &nbsp;&nbsp;D | &nbsp;&nbsp;D | &nbsp;&nbsp; D | &nbsp;&nbsp; D | &nbsp;&nbsp;The loan file is missing critical documentation required to perform the review |

---

**<u>Compliance</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;S&P | &nbsp;&nbsp;Moody's | &nbsp;&nbsp;Kroll | &nbsp;&nbsp;DBRS | &nbsp;&nbsp;Definition |
| &nbsp;&nbsp;A | &nbsp;&nbsp;A | &nbsp;&nbsp;A | &nbsp;&nbsp;A | &nbsp;&nbsp;The loan was originated in compliance with applicable federal, state, and local predatory and high cost, TILA, and Regulation Z laws and regulations |
| &nbsp;&nbsp;B | &nbsp;&nbsp;B | &nbsp;&nbsp;B | &nbsp;&nbsp;B | &nbsp;&nbsp;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 |
| &nbsp;&nbsp;C | &nbsp;&nbsp;C | &nbsp;&nbsp;C | &nbsp;&nbsp;C | &nbsp;&nbsp;The includes material violation(s) with applicable federal, state, and local predatory and high cost, TILA, and Regulation Z laws and regulations |
| &nbsp;&nbsp;D | &nbsp;&nbsp;D | &nbsp;&nbsp;D | &nbsp;&nbsp;D | &nbsp;&nbsp;The loan file is missing critical documentation required to perform the review |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Fitch | &nbsp;&nbsp;Definition |
| &nbsp;&nbsp;A | &nbsp;&nbsp;The loan was originated in compliance with applicable federal, state, and local predatory and high cost, TILA, and Regulation Z laws and regulations |
| &nbsp;&nbsp;B | &nbsp;&nbsp;The loan is in compliance with all applicable laws and regulations and a benefit to the borrower is present and documented |
| &nbsp;&nbsp;C | &nbsp;&nbsp;The includes material violation(s) with applicable federal, state, and local predatory and high cost, TILA, and Regulation Z laws and regulations |
| &nbsp;&nbsp;D | &nbsp;&nbsp;The loan file is missing critical documentation required to perform the review |

---

**<u>Property Valuation</u>**

---

| | |
|:---|:---|
| &nbsp;&nbsp;Moody's | &nbsp;&nbsp;Definition |
| &nbsp;&nbsp;A &nbsp;&nbsp; A | &nbsp;&nbsp;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. |
| &nbsp;&nbsp;B &nbsp;&nbsp; B | &nbsp;&nbsp;Meets all terms for an A, but property requires cosmetic or minor repairs that do not affect value or habitability |
| &nbsp;&nbsp;C &nbsp;&nbsp; C | &nbsp;&nbsp;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 |
| &nbsp;&nbsp;D &nbsp;&nbsp; D | &nbsp;&nbsp;The loan file was missing the appraisal and/or other valuations products needed to complete the review |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;S&P | &nbsp;&nbsp;Definition |
| &nbsp;&nbsp;A | &nbsp;&nbsp;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. |
| &nbsp;&nbsp;B | &nbsp;&nbsp;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 |
| &nbsp;&nbsp;C | &nbsp;&nbsp;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 |
| &nbsp;&nbsp;D | &nbsp;&nbsp;The loan file was missing the appraisal and/or other valuations products needed to complete the review |

---

**<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 December 3, 2025.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Overall Grade Summary** | | |
| &nbsp;&nbsp;**DBRS, Fitch, Kroll, and Moody's NRSRO Grade** | <br>&nbsp;&nbsp;**# of <br> Loans** | <br>&nbsp;&nbsp;**% of<br> Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;20 | &nbsp;&nbsp;71.43% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;8 | &nbsp;&nbsp;28.57% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Compliance Grade Summary** |  |  |
| &nbsp;&nbsp;**DBRS, Fitch, Kroll, and Moody's NRSRO Grade** | &nbsp;&nbsp;**# of <br> Loans** | &nbsp;&nbsp;**% of <br> Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;24 | &nbsp;&nbsp;85.71% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;4 | &nbsp;&nbsp;14.29% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Credit Grade Summary** | | |
| &nbsp;&nbsp;**DBRS, Fitch, Kroll, and Moody's NRSRO Grade** | <br>&nbsp;&nbsp;**# of <br> Loans** | <br>&nbsp;&nbsp;**% of <br> Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;23 | &nbsp;&nbsp;82.14% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;5 | &nbsp;&nbsp;17.86% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Property Grade Summary** |  |  |
| &nbsp;&nbsp;**DBRS, Fitch, Kroll, and Moody's NRSRO Grade** | &nbsp;&nbsp;**# of <br> Loans** | &nbsp;&nbsp;**% of<br> Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;28 | &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;**Overall Grade Summary** | | |
| &nbsp;&nbsp;**S&P** **NRSRO Grade** | <br>&nbsp;&nbsp;**# of <br> Loans** | <br>&nbsp;&nbsp;**% of <br> Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;16 | &nbsp;&nbsp;57.14% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;12 | &nbsp;&nbsp;42.86% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Compliance Grade Summary** |  |  |
| &nbsp;&nbsp;**S&P** **NRSRO Grade** | &nbsp;&nbsp;**# of <br> Loans** | &nbsp;&nbsp;**% of <br> Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;24 | &nbsp;&nbsp;85.71% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;4 | &nbsp;&nbsp;14.29% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Credit Grade Summary** |  |  |
| &nbsp;&nbsp;**S&P** **NRSRO Grade** | &nbsp;&nbsp;**# of <br> Loans** | &nbsp;&nbsp;**% of <br> Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;23 | &nbsp;&nbsp;82.14% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;5 | &nbsp;&nbsp;17.86% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Property Grade Summary** | | |
| &nbsp;&nbsp;**S&P** **NRSRO Grade** | <br>&nbsp;&nbsp;**# of <br> Loans** | <br>&nbsp;&nbsp;**% of <br> Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;24 | &nbsp;&nbsp;85.71% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;4 | &nbsp;&nbsp;14.29% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |

---

**<u>Loans Reviewed (28)</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;4350118322 | &nbsp;&nbsp;4350118329 | &nbsp;&nbsp;4350118336 | &nbsp;&nbsp;4350118343 |
| &nbsp;&nbsp;4350118323 | &nbsp;&nbsp;4350118330 | &nbsp;&nbsp;4350118337 | &nbsp;&nbsp;4350118344 |
| &nbsp;&nbsp;4350118324 | &nbsp;&nbsp;4350118331 | &nbsp;&nbsp;4350118338 | &nbsp;&nbsp;4350118345 |
| &nbsp;&nbsp;4350118325 | &nbsp;&nbsp;4350118332 | &nbsp;&nbsp;4350118339 | &nbsp;&nbsp;4350118346 |
| &nbsp;&nbsp;4350118326 | &nbsp;&nbsp;4350118333 | &nbsp;&nbsp;4350118340 | &nbsp;&nbsp;4350118347 |
| &nbsp;&nbsp;4350118327 | &nbsp;&nbsp;4350118334 | &nbsp;&nbsp;4350118341 | &nbsp;&nbsp;4350118348 |
| &nbsp;&nbsp;4350118328 | &nbsp;&nbsp;4350118335 | &nbsp;&nbsp;4350118342 | &nbsp;&nbsp;4350118349 |

---

If you have any questions, please contact Uriah Clavier at Uriah.Clavier@opuscmc.com

## Exhibit 99.37

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.37**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** |
| **Deal ID** | **Loan ID** | **Seller Loan ID** | **Investor Loan ID** | **Original Loan Amount** |
| 4350118328 | XXXX |  |  | XXXX A B |
| 4350118332 | XXXX |  |  | XXXX D A B |
| 4350118329 | XXXX |  |  | XXXX D C A |
| 4350118330 | XXXX |  |  | XXXX A B |
| 4350118333 | XXXX |  |  | XXXX A |
| 4350118340 | XXXX |  |  | XXXX C A |
| 4350118322 | XXXX |  |  | XXXX D A |
| 4350118326 | XXXX |  |  | XXXX D A B |
| 4350118331 | XXXX |  |  | XXXX A |
| 4350118323 | XXXX |  |  | XXXX A |
| 4350118327 | XXXX |  |  | XXXX A |
| 4350118324 | XXXX |  |  | XXXX A |
| 4350118341 | XXXX |  |  | XXXX D A B |
| 4350118334 | XXXX |  |  | XXXX D A |
| 4350118325 | XXXX |  |  | XXXX C A |
| 4350118336 | XXXX |  |  | XXXX D A B |
| 4350118335 | XXXX |  |  | XXXX A B |
| 4350118338 | XXXX |  |  | XXXX A |
| 4350118337 | XXXX |  |  | XXXX A D B |
| 4350118342 | XXXX |  |  | XXXX C A |
| 4350118339 | XXXX |  |  | XXXX D C A B |
| 4350118343 | XXXX |  |  | XXXX D A B |
| 4350118344 | XXXX |  |  | XXXX C A |
| 4350118346 | XXXX |  |  | XXXX A |
| 4350118345 | XXXX |  |  | XXXX A |
| 4350118347 | XXXX |  |  | XXXX D C A B |
| 4350118349 | XXXX |  |  | XXXX D C A B |
| 4350118348 | XXXX |  |  | XXXX A |

---

## Exhibit 99.38

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.38**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Deal ID** | **Loan 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** |
| 4350118328 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.4 | XXXX |
| 4350118332 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| 4350118329 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.5 | XXXX |
| 4350118330 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.9 | XXXX |
| 4350118333 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.4 | XXXX |
| 4350118340 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| 4350118322 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.1 | XXXX |
| 4350118326 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118331 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| 4350118323 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| 4350118327 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | XXXX |
| 4350118324 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118341 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 2090 Individual Coop Report | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118334 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118325 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118336 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118335 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | 1004 URAR |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118338 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| 4350118337 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.2 | XXXX |
| 4350118342 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118339 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | 1004 URAR |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118343 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.2 | XXXX |
| 4350118344 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Moderate | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118346 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118345 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118347 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Desk Review |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118349 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |
| 4350118348 | XXXX |  |  | XXXX | XXXX | XXXX | 0 | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Collateral Underwriter (CU) |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  |  |  |  |  |  |  |  |  | XXXX | XXXX | XXXX | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 | XXXX |

---

## Exhibit 99.39

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.39**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Deal ID** | **Loan ID** | **Seller Loan ID** | **Investor Loan ID** | **Transaction ID** | **Field Name** | **Source** | **Verified Value** | **Bid Tape Value** | **Comment** |
| 4350118332 | XXXX |  |  | XXXX | Property Address | XXXX | XXXX | XXXX | Audit Value Pulled From Note. |
| 4350118340 | XXXX |  |  | XXXX | Qualifying FICO | XXXX | XXXX | XXXX | Audit value based on lender qualifying requirements. |
| 4350118322 | XXXX |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | Audit DTI difference is due to liabilities based on documents in loan file.  |
| 4350118326 | XXXX |  |  | XXXX | Qualifying FICO | XXXX | XXXX | XXXX | Audit value based on lender qualifying requirements. |
| 4350118327 | XXXX |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Audit Value Pulled From Appraisal. |
| 4350118325 | XXXX |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Audit Value Pulled From Appraisal. |
| 4350118335 | XXXX |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | Rounding. |
| 4350118342 | XXXX |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Audit Value Pulled From Appraisal. |
| 4350118343 | XXXX |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | Audit liabilities were based on the most recent credit report in the loan file dated XXXX |
| 4350118346 | XXXX |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Audit Value Pulled From Appraisal.  |
| 4350118345 | XXXX |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Audit Value Pulled From Appraisal.  |
| 4350118347 | XXXX |  |  | XXXX | Property Type | XXXX | XXXX | XXXX | Audit Value Pulled From Appraisal. |
| 4350118347 | XXXX |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | Audit reflects difference in qualifying P & I than the approval. |
| 4350118349 | XXXX |  |  | XXXX | Property Address | XXXX | XXXX | XXXX | Audit Value Pulled From Note. |
| 4350118348 | XXXX |  |  | XXXX | Qualifying Total Debt Income Ratio | XXXX | XXXX | XXXX | Audit reflects more conservative income based on documents in the loan file. |

---

## Exhibit 99.40

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.40**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Seller** | **Deal ID** | **Loan 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 | 4350118328 | XXXX |  |  | Closed | XXXX | XXXX | Acknowledged | 1 - Information | Property | Value | XXXX value equals B, secondary product within tolerance | Acknowledged-XXXX value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. - Due Diligence Vendor-XXXX <br> Open-XXXX value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. - Due Diligence Vendor-XXXX |  | Acknowledged-XXXX value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No |
| XXXX | 4350118332 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Income calculation worksheet provided, finding cleared. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-Missing income worksheet detailing income calculations required per GL. - Due Diligence Vendor-XXXX |  | Resolved-Income calculation worksheet provided, finding cleared. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | 4350118332 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Compliance | Missing Doc | Final HUD-1 Document is Missing | Resolved-Lender provided final signed Settlement Statement. Condition cleared. - Due Diligence Vendor-XXXX <br>Resolved-Final HUD-1 Document is not missing. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <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-XXXX |  | Resolved-Lender provided final signed Settlement Statement. Condition cleared. - Due Diligence Vendor-XXXX <br>Resolved-Final HUD-1 Document is not missing. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | 4350118332 | XXXX |  |  | Closed | XXXX | XXXX | Acknowledged | 2 - Non-Material | Compliance | Disclosure | ECOA: Appraisal Disclosure Not Provided Timely | Acknowledged-The finding is acknowledged and will be graded a B or non-material. - Due Diligence Vendor-XXXX <br>Ready for Review-Please waive - Buyer-XXXX <br>Open-ECOA Non-Compliant: Appraisal Disclosure Not Provided Timely. ECOA: Appraisal Disclosure Date XXXX is not within three business days of Application Date XXXX. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX |  | Acknowledged-The finding is acknowledged and will be graded a B or non-material. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Post-Close | No |
| XXXX | 4350118332 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Eligibility | Appraisal Transfer Does Not Meet Guideline Requirements | Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-Appraisal Transfer Does Not Meet Guideline Requirements. The file is missing a copy of the appraisal invoice submitted to the original lender with outstanding balance if applicable. - Due Diligence Vendor-XXXX |  | Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | 4350118329 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Compliance | Disclosure | Appraisal Delivery Does Not Conform To E-Sign Act | Resolved-Sufficient E-Consent documentation for appraisal delivery provided. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-The appraisal was delivered electronically. E-Consent documentation is missing for borrower(s) or E-Consent not provided prior to appraisal delivery. E-Consent documentation is missing for borrower(s) or E-Consent not provided prior to appraisal delivery. - Due Diligence Vendor-XXXX |  | Resolved-Sufficient E-Consent documentation for appraisal delivery provided. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118329 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Income worksheet provided, finding cleared. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-Missing Lender Income Calculation Worksheet - Due Diligence Vendor-XXXX |  | Resolved-Income worksheet provided, finding cleared. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118330 | XXXX |  |  | Closed | XXXX | XXXX | Acknowledged | 1 - Information | Property | Value | XXXX value equals B, secondary product within tolerance | Acknowledged-The finding is acknowledged, will be graded a B or non-material for XXXX only. - Due Diligence Vendor-XXXX <br> Ready for Review-please waive - Buyer-XXXX <br> Open-XXXX value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. This finding will be rated a B for XXXX. All other agencies will be rated as A. - Due Diligence Vendor-XXXX |  | Acknowledged-The finding is acknowledged, will be graded a B or non-material for XXXX only. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Post-Close | No |
| XXXX | 4350118340 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Credit History taken into consideration does not meet requirements | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br> Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-ATR Risk - Credit History taken into consideration does not meet requirements The lender guidelines require XXXX months for all mortgages. The file is missing verification of B2 XXXX mortgage payment of departing residence. - Due Diligence Vendor-XXXX |  | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118340 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br> Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-Housing History Does Not Meet Guideline Requirements The lender guidelines require XXXX months for all mortgages. The file is missing verification of B2 XXXX mortgage payment of departing residence. - Due Diligence Vendor-XXXX |  | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118322 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Evidence of HOA Dues for Primary Residence | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-Missing Evidence of HOA Dues for Primary Residence - Due Diligence Vendor-XXXX |  | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118326 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | The Note is Incomplete | Resolved-Interest-only Note received, finding resolved. - Due Diligence Vendor-XXXX <br>Resolved-The Note is Present - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Due Diligence Vendor-XXXX <br>Open-The Note is Incomplete As per lock confirmation the loan is interest only however the provided note is fixed interest.<br> - Due Diligence Vendor-XXXX |  | Resolved-Interest-only Note received, finding resolved. - Due Diligence Vendor-XXXX <br>Resolved-The Note is Present - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118326 | XXXX |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Debt Service Coverage Ratio below guideline minimum | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-Audited DSCR of XXXX is below guideline minimum of 1 Debt Service Coverage Ratio of XXXX% is below guideline minimum of XXXX% for a first time investor. - Due Diligence Vendor-XXXX |  | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX<br>| XXXX |  | XXXX FICO > 720 minimum<br> Primary residence owned free & clear for over XXXX years | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | 4350118341 | XXXX |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Transaction Ineligible | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-The transaction is ineligible due to lender's guidelines only allow purchase and rate/term refinance for a Co-Op; however, the transaction was cash-out. - Due Diligence Vendor-XXXX |  | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX<br>| XXXX |  | XXXX FICO > 660 min required<br> XXXX months reserves > min 2 months required<br> Revolving tradelines XXXX<br> Experienced investor | XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | 4350118341 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Title Document Missing | Resolved-Title documents provided, finding resolved. - Due Diligence Vendor-XXXX <br>Resolved-Title Document is not Missing - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-Title Document is missing - Due Diligence Vendor-XXXX |  | Resolved-Title documents provided, finding resolved. - Due Diligence Vendor-XXXX <br>Resolved-Title Document is not Missing - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | 4350118334 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Flood Certificate Missing | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XXXX <br>Resolved-Flood Certificate is fully present - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-Missing Flood Certificate - Due Diligence Vendor-XXXX |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XXXX <br>Resolved-Flood Certificate is fully present - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | 4350118325 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Closing | Borrower 2 Non-US Document Identification is expired | Resolved-Lender provided Form I-797 Notice of Action form confirming the extension of the validity period on the Form I-551, Permanent Resident Card, for XXXX months from the date of expiration. Finding resolved. - Due Diligence Vendor-XXXX <br> Resolved-Borrower 2 Non-US identity document expiration date is XXXX and note is dated XXXX. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-Borrower 2 Non-US identity document expiration date is XXXX and note is dated XXXX. Borrower 2 Non-US identity document expired. - Due Diligence Vendor-XXXX |  | Resolved-Lender provided Form I-797 Notice of Action form confirming the extension of the validity period on the Form I-551, Permanent Resident Card, for XXXX months from the date of expiration. Finding resolved. - Due Diligence Vendor-XXXX <br> Resolved-Borrower 2 Non-US identity document expiration date is XXXX and note is dated XXXX. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118325 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Closing | Borrower 1 Non-US Document Identification is expired | Resolved-Lender provided Form I-797 Notice of Action form confirming the extension of the validity period on the Form I-551, Permanent Resident Card, for XXXX months from the date of expiration. Finding resolved. - Due Diligence Vendor-XXXX <br> Resolved-Borrower Non-US identity document expiration date is XXXX and note is dated XXXX. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-Borrower Non-US identity document expiration date is XXXX and note is dated XXXX. Borrower 1 Non-US identity document expired. - Due Diligence Vendor-XXXX |  | Resolved-Lender provided Form I-797 Notice of Action form confirming the extension of the validity period on the Form I-551, Permanent Resident Card, for XXXX months from the date of expiration. Finding resolved. - Due Diligence Vendor-XXXX <br> Resolved-Borrower Non-US identity document expiration date is XXXX and note is dated XXXX. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118336 | XXXX |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-Audited Loan Amount of XXXX is greater than the Guideline Maximum Loan Amount of XXXX Audited Loan Amount of XXXX is greater than the Guideline Maximum Loan Amount of XXXX. - Due Diligence Vendor-XXXX | XXXX months reserves > XXXX months minimum required<br> Primary residence owned XXXX years - XXXX <br>| Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX<br>| XXXX |  | XXXX months reserves > 12 months minimum required <br> Primary residence owned XXXX years | XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes |
| XXXX | 4350118336 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Final HUD/Settlement Statement Not Provided | Resolved-Final HUD received, finding resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-The final HUD/Settlement Statement is missing. Final HUD/Settlement Statement Not Provided - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Final HUD received, finding resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118336 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Business Purpose Affidavit | Resolved-Business purpose affidavit received. Finding resolved. - Due Diligence Vendor-XXXX <br>Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-The loan file is missing the Business Purpose Affidavit as required by Lender guidelines. - Due Diligence Vendor-XXXX |  | Resolved-Business purpose affidavit received. Finding resolved. - Due Diligence Vendor-XXXX <br>Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118336 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | The Final 1003 is Missing | Resolved-The final 1003 received for both borrowers. Finding resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-Final 1003 is Missing - Due Diligence Vendor-XXXX |  | Resolved-The final 1003 received for both borrowers. Finding resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118335 | XXXX |  |  | Closed | XXXX | XXXX | Acknowledged | 2 - Non-Material | Compliance | Disclosure | ECOA: Appraisal Not Provided to Applicant | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX <br>Ready for Review-Please waive - Buyer-XXXX <br>Open-ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant.This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX |  | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No |
| XXXX | 4350118335 | XXXX |  |  | Closed | XXXX | XXXX | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | ECOA: Most Recent Secondary Appraisal Not Provided to Applicant | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX <br> Ready for Review-Please waive - Buyer-XXXX <br> Open-ECOA Non-Compliant: Most Recent Secondary Appraisal Not Provided to Applicant. ECOA: Most Recent Secondary Appraisal Date of XXXX is after the Secondary Appraisal Delivery Date of XXXX.<br> This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX |  | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No |
| XXXX | 4350118337 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Compliance | Missing Doc | HPML: Most Recent Primary Appraisal Not Provided to Applicant | Resolved-HPML Compliant: Evidence provided of delivery of most recent primary appraisal to applicant. Condition cleared. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-HPML Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. - Due Diligence Vendor-XXXX |  | Resolved-HPML Compliant: Evidence provided of delivery of most recent primary appraisal to applicant. Condition cleared. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118337 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Compliance | Missing Doc | ECOA: Most Recent Primary Appraisal Not Provided to Applicant | Resolved-ECOA Compliant: Evidence provided of delivery of most recent primary appraisal to applicant. Condition cleared. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. - Due Diligence Vendor-XXXX |  | Resolved-ECOA Compliant: Evidence provided of delivery of most recent primary appraisal to applicant. Condition cleared. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118337 | XXXX |  |  | Closed | XXXX | XXXX | Acknowledged | 1 - Information | Property | Value | XXXX value equals B, secondary product within tolerance | Acknowledged-XXXX value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. - Due Diligence Vendor-XXXX <br> Open-XXXX value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. - Due Diligence Vendor-XXXX |  | Acknowledged-XXXX value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No |
| XXXX | 4350118342 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Re-reviewed using delayed financing guidelines. Loan qualifies using purchase loan/LTV limits as R/T refi. Finding resolved. - Due Diligence Vendor-XXXX <br> Resolved-Audited LTV of 75% is less than or equal to Guideline LTV of 75% - Due Diligence Vendor-XXXX <br> Open-Audited LTV of 75% exceeds Guideline LTV of 70% - Due Diligence Vendor-XXXX |  | Resolved-Re-reviewed using delayed financing guidelines. Loan qualifies using purchase loan/LTV limits as R/T refi. Finding resolved. - Due Diligence Vendor-XXXX <br>Resolved-Audited LTV of 75% is less than or equal to Guideline LTV of 75% - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |
| XXXX | 4350118339 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br> Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements Borrower final application shows two accounts XXXX are included in DTI however those accounts are not reported on borrower credit report and not provided any supporting documents - Due Diligence Vendor-XXXX |  | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | 4350118339 | XXXX |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | 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-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-Audited Loan Amount of XXXX is greater than the Guideline Maximum Loan Amount of XXXX - Due Diligence Vendor-XXXX |  | 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-XXXX<br>| XXXX |  | XXXX FICO, XXXX>680 Min<br> XXXX% DTI, XXXX<50% max<br> XXXX months reserves, XXXX>9 months required | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | 4350118339 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-Borrower final application shows two accounts XXXX are included in DTI however those accounts are not reported on borrower credit report and not provided any supporting documents. Please provided sufficient documents for these accounts <br> - Due Diligence Vendor-XXXX |  | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | 4350118343 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Eligibility | Appraisal Transfer Does Not Meet Guideline Requirements | Resolved-The lender provided the required documents. Condition resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-Appraisal Transfer Does Not Meet Guideline Requirements. The file is missing a copy of the appraisal invoice submitted to the original lender with outstanding balance if applicable. - Due Diligence Vendor-XXXX |  | Resolved-The lender provided the required documents. Condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118343 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Gift Documentation | Resolved-The lender provided the required documents. Condition resolved. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. No gift was used, please see revised 1003 - Buyer-XXXX <br> Open-Guidelines require a signed gift letter from the donor specifying the following: (1) the specific dollar amount of the gift and the date the funds were transferred to the borrower, (2)donor's name, address, telephone number and the relationship to the borrower and (3) the donor's statement that no repayment is expected. The gift documentation is missing for the gift funds listed on the final application. As per GL section 4.4.2, Gifts must be evidenced by a letter signed by the donor specifying Dollar amount of the gift, Date the funds were transferred, Donor's statement that no repayment is expected, Donor's name, address, telephone number, and relationship to the borrower along with documentation to verify that sufficient funds to cover the gift are either in the donor's account or have been transferred to the borrower's account and reflected on the most recent bank statement with acceptable documentation as Copy of the donor's check and the borrower's deposit slip, Copy of the donor's withdrawal slip and the borrower's deposit slip, Settlement statement showing receipt of the donor's check or if funds are not transferred prior to close then document to validate the donor gave the closing agent the gift funds in the form of a certified check, a cashier's check, or other official check. The file is missing gift letter and transfer proof for gift of XXXX reflecting on final application. - Due Diligence Vendor-XXXX |  | Resolved-The lender provided the required documents. Condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118343 | XXXX |  |  | Closed | XXXX | XXXX | Acknowledged | 1 - Information | Property | Value | XXXX value equals B, secondary product within tolerance | Acknowledged-XXXX value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. - Due Diligence Vendor-XXXX |  | Acknowledged-XXXX value equals B, secondary product within tolerance. This finding will be rated a B forXXXX. All other agencies will be rated as A. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No |
| XXXX | 4350118344 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Eligibility | Appraisal Transfer Does Not Meet Guideline Requirements | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XXXX <br>Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-Appraisal Transfer Does Not Meet Guideline Requirements. Appraisal was transferred and the lender guidelines a Copy of the invoice submitted to the original lender with outstanding balance is required and missing from file. - Due Diligence Vendor-XXXX |  | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XXXX <br>Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118347 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Compliance | Disclosure | Appraisal Delivery Does Not Conform To E-Sign Act | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Sufficient E-Consent documentation for appraisal delivery provided. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Buyer-XXXX <br>Open-The appraisal was delivered electronically. E-Consent documentation is missing for borrower(s) or E-Consent not provided prior to appraisal delivery. - Due Diligence Vendor-XXXX |  | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Sufficient E-Consent documentation for appraisal delivery provided. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118347 | XXXX |  |  | Closed | XXXX | XXXX | 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-XXXX <br>Ready for Review-Please waive - Buyer-XXXX <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-XXXX |  | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | Investor Post-Close | No |
| XXXX | 4350118347 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Property closed in an LLC - Buyer-XXXX <br>Open-Supporting document missing for evidence to omit the REO 3b from borrower's debts. Additional Conditions may apply. - Due Diligence Vendor-XXXX |  | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A |
| XXXX | 4350118349 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-ATR Risk - Current Income or Current Assets were considered The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements GL section 5.4.2 requires 1040 Personal Tax Transcripts however file includes Wage and Income Transcript and is missing 1040 Personal Tax Transcripts - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-ATR Risk - Current Income or Current Assets were considered The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | 4350118349 | XXXX |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Open-Audited Loan Amount of XXXX is greater than the Guideline Maximum Loan Amount of XXXX As per GL max loan amount to be restricted to XXXX for cash out transaction however audited Loan Amount of XXXX is greater than the Guideline Maximum Loan Amount of XXXX - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX<br>| XXXX |  | DTI XXXX% < 50% Max<br> Reserves XXXX Months > 9 Months Min<br> Self-Employed XXXXYears > 2 Year Min<br> Residual Income XXXX > 1.5K Min | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | 4350118349 | XXXX |  |  | Closed | XXXX | XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Transaction Ineligible | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Buyer-XXXX <br> Open-As per GL, XXXX Condos can be refinanced by exception only however file is missing approved exception. - Due Diligence Vendor-XXXX |  | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XXXX<br>| XXXX |  | DTI XXXX% < 50% Max<br> Reserves XXXX Months > 9 Months Min<br> Self-Employed XXXX > 2 Year Min<br> Residual Income XXXX > 1.5K Min | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |
| XXXX | 4350118349 | XXXX |  |  | Closed | XXXX | XXXX | 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-XXXX <br>Ready for Review-Please waive - Seller-XXXX <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. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX | Ready for Review-Please waive - Seller-XXXX<br>| Acknowledged-This finding is non-material and will be rated a B for all agencies - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No |
| XXXX | 4350118349 | XXXX |  |  | Closed | XXXX | XXXX | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | ECOA: Most Recent Secondary Appraisal Not Provided to Applicant | Acknowledged-This finding is non-material and will be rated a B for all agencies - Due Diligence Vendor-XXXX <br>Ready for Review-Please waive - Seller-XXXX <br>Open-ECOA Non-Compliant: Most Recent Secondary Appraisal Not Provided to Applicant. ECOA: Most Recent Secondary Appraisal Date of XXXX is after the Secondary Appraisal Delivery Date of XXXX. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XXXX | Ready for Review-Please waive - Seller-XXXX<br>| Acknowledged-This finding is non-material and will be rated a B for all agencies - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No |
| XXXX | 4350118349 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Borrower 1 3rd Party VOE Prior to Close Missing GL section 5.4.2 requires existence of the borrower's business within 120 calendar days prior <br> to note date using CPA, CTEC, or Enrolled Agent, regulatory agency, or the <br> applicable licensing bureau or By verifying a phone listing and address of the borrower's business using a telephone book, the internet, or directory assistance however same is missing in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | 4350118349 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Missing Third Party Fraud Report - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | 4350118349 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-OFAC Check Not Completed and/or Cleared - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |
| XXXX | 4350118349 | XXXX |  |  | Closed | XXXX | XXXX | Resolved | 1 - Information | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-XXXX <br>Open-All Interested Parties Not Checked with Exclusionary Lists - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-All Interested Parties Not Checked with Exclusionary Lists - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A |

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## Exhibit 99.41

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.41**

![](ex9941001.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 September 2025 and November 2025 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 56 Non-QM loans and 47 ATR/QM exempt loans for a total of 103 loans the "Final Securitization Population".

*<u>Credit Reviews (103):</u>*

During the Review, Selene performed a credit review on 103 mortgage loans in the Final Securitization Population.

*<u>Compliance Review (103)</u>*

During the Review, Selene performed a compliance review, when applicable on 103 mortgage loans in the Final Securitization Population.

*<u>Valuation Reviews (103):</u>*

During the Review, Selene performed a property valuation review on 103 mortgage loans in the Final Securitization Population.

*<u>Data Integrity Review (103):</u>*

During the Review, Selene performed a Data Integrity Review on 103 mortgage loans in the Final Securitization Population.

**<u>FINAL SECURITIZATION POPULATION</u>**

After Selene's initial review was completed, the Client provided Selene with a confirmed list of 103 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;103 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;Compliance Population | &nbsp;&nbsp;103 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;Valuation Population | &nbsp;&nbsp;103 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;Data Integrity Population | &nbsp;&nbsp;103 | &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, Flexpoint Non QM Guide, 5<sup>th</sup> Street Capital Underwriting 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Assessed
 whether the characteristics of the mortgage loans and the borrowers conformed to the
 Guidelines cited above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Re-calculated
 LTV, CLTV, income, liabilities and compared these against the Guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Analyzed
 asset statements to determine whether funds to close and reserves were within the Guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **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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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **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.

&nbsp;&nbsp;&nbsp;**DATA INTEGRITY REVIEW**

Selene uploads tape data into its due diligence application and compares it to the actual documents provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tape
 data received from lender/client is stored in a secured FTP folder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tape
 data is uploaded into the application;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan
 Reviewer collects validated loan data;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 103 mortgage loans, (ii) a Compliance Review on 103 mortgage loans (iii) a Valuation Review on 103 mortgage loans, and (iv) a Data Integrity Review on 103 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 103 mortgage loans; 62 mortgage loans had a rating grade of A, 41 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;***Grades per loan (103 overall loans):*** | &nbsp;&nbsp;***Grades per loan (103 overall loans):*** | &nbsp;&nbsp;***Grades per loan (103 overall loans):*** | &nbsp;&nbsp;***Grades per loan (103 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;15 | &nbsp;&nbsp;14.56% | &nbsp;&nbsp;A | &nbsp;&nbsp;62 | &nbsp;&nbsp;60.19% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;16 | &nbsp;&nbsp;15.53% | &nbsp;&nbsp;B | &nbsp;&nbsp;41 | &nbsp;&nbsp;39.81% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;16 | &nbsp;&nbsp;15.53% | &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;56 | &nbsp;&nbsp;54.37% | &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |

---

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| |  | &nbsp;&nbsp;***Final Grades per loan broken out by compliance, credit and property:***  | &nbsp;&nbsp;***Final Grades per loan broken out by compliance, credit and property:***  | &nbsp;&nbsp;***Final Grades per loan broken out by compliance, credit and property:***  | &nbsp;&nbsp;***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;102 | &nbsp;&nbsp;99.03% | &nbsp;&nbsp;A | &nbsp;&nbsp;64 | &nbsp;&nbsp;62.14% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.97% | &nbsp;&nbsp;B | &nbsp;&nbsp;39 | &nbsp;&nbsp;37.86% |
| &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;102 | &nbsp;&nbsp;99.03% |  |  |  |
| &nbsp;&nbsp;B | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.97% |  |  |  |
| &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.

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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 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;&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;&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;&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;&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;&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;&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

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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.** 

Page **12** of **15**

COLT 2025-12 Executive Summary (Selene Diligence LLC)

**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)

Page **13** of **15**

COLT 2025-12 Executive Summary (Selene Diligence LLC)

&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

Page **14** of **15**

COLT 2025-12 Executive Summary (Selene Diligence LLC)

**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.

Page **15** of **15**

COLT 2025-12 Executive Summary (Selene Diligence LLC)

## Exhibit 99.42

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.42**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** |
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Original Loan Amount** |
| XXXX | 4350118368 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118370 | XXXX | XXXX | XXXX B D A |
| XXXX | 4350118350 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118414 | XXXX | XXXX | XXXX A |
| XXXX | 4350118374 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118384 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118367 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118391 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118382 | XXXX | XXXX | XXXX B D A |
| XXXX | 4350118362 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118353 | XXXX | XXXX | XXXX A |
| XXXX | 4350118354 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118393 | XXXX | XXXX | XXXX A |
| XXXX | 4350118355 | XXXX | XXXX | XXXX A |
| XXXX | 4350118387 | XXXX | XXXX | XXXX C D A B |
| XXXX | 4350118390 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118359 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118365 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118352 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118357 | XXXX | XXXX | XXXX A D |
| XXXX | 4350118356 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118375 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118369 | XXXX | XXXX | XXXX C A B |
| XXXX | 4350118403 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118402 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118401 | XXXX | XXXX | XXXX D C A |
| XXXX | 4350118392 | XXXX | XXXX | XXXX B D A |
| XXXX | 4350118363 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118380 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118386 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118394 | XXXX | XXXX | XXXX A C D |
| XXXX | 4350118371 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118376 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118407 | XXXX | XXXX | XXXX C A D |
| XXXX | 4350118364 | XXXX | XXXX | XXXX B D A |
| XXXX | 4350118372 | XXXX | XXXX | XXXX A |
| XXXX | 4350118361 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118408 | XXXX | XXXX | XXXX D C A |
| XXXX | 4350118373 | XXXX | XXXX | XXXX A |
| XXXX | 4350118385 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118366 | XXXX | XXXX | XXXX A |
| XXXX | 4350118379 | XXXX | XXXX | XXXX A D |
| XXXX | 4350118360 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118383 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118381 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118351 | XXXX | XXXX | XXXX A |
| XXXX | 4350118378 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118358 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118389 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118395 | XXXX | XXXX | XXXX A |
| XXXX | 4350118405 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118410 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118377 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118419 | XXXX | XXXX | XXXX A |
| XXXX | 4350118388 | XXXX | XXXX | XXXX A |
| XXXX | 4350118398 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118418 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118409 | XXXX | XXXX | XXXX C D A |
| XXXX | 4350118417 | XXXX | XXXX | XXXX C D A |
| XXXX | 4350118411 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118396 | XXXX | XXXX | XXXX A |
| XXXX | 4350118399 | XXXX | XXXX | XXXX A C |
| XXXX | 4350118404 | XXXX | XXXX | XXXX C A B |
| XXXX | 4350118400 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118406 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118422 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118421 | XXXX | XXXX | XXXX A B |
| XXXX | 4350118413 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118420 | XXXX | XXXX | XXXX C A D |
| XXXX | 4350118412 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118415 | XXXX | XXXX | XXXX A D |
| XXXX | 4350118416 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118397 | XXXX | XXXX | XXXX C A B |
| XXXX | 4350118437 | XXXX | XXXX | XXXX A D |
| XXXX | 4350118449 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118425 | XXXX | XXXX | XXXX A |
| XXXX | 4350118439 | XXXX | XXXX | XXXX C D A B |
| XXXX | 4350118452 | XXXX | XXXX | XXXX C A D |
| XXXX | 4350118438 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118428 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118423 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118432 | XXXX | XXXX | XXXX C D A |
| XXXX | 4350118451 | XXXX | XXXX | XXXX A |
| XXXX | 4350118433 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118450 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118436 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118424 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118447 | XXXX | XXXX | XXXX A D |
| XXXX | 4350118444 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118445 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118442 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118435 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118448 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118429 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118440 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118441 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118426 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118427 | XXXX | XXXX | XXXX D A B |
| XXXX | 4350118431 | XXXX | XXXX | XXXX B A |
| XXXX | 4350118430 | XXXX | XXXX | XXXX A |
| XXXX | 4350118446 | XXXX | XXXX | XXXX D A |
| XXXX | 4350118443 | XXXX | XXXX | XXXX C A |
| XXXX | 4350118434 | XXXX | XXXX | XXXX D B A |

---

## Exhibit 99.43

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.43**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 | 4350118368 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception Approval provided on p465. The maximum allowable LTV for a qualifying FICO score of 671 is 70%. However, the audited LTV is 75%. - Due Diligence Vendor-XXXX |  | Waived-Exception Approval provided on p465. The maximum allowable LTV for a qualifying FICO score of 671 is 70%. However, the audited LTV is 75%. - Due Diligence Vendor-XXXX<br>|  |  | Borrower(s) haveXXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 16 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower is a seasoned Investor with more than 2 prior investments displaying at lease 0x30x12 pay history. | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 5444168 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118368 | XXXX | XXXX | XXXX | 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 Approval provided on p465. Exception for XXXX Investor Cash Flow loan to this borrower. - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception Approval provided on p465. Exception for XXXX Investor Cash Flow loan to this borrower. - Due Diligence Vendor-XXXX<br>|  |  | Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 16 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower is a seasoned Investor with more than 2 prior investments displaying at lease 0x30x12 pay history. | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 5444241 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118370 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Resolved, received rate lock. - Due Diligence Vendor-XXXX <br>Counter-Counter received rate lock however no executed by borrower. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. see attached - Seller-XXXX <br>Open-Evidence of Rate Lock Missing - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. see attached - Seller-XXXX<br>| Resolved-Resolved, received rate lock. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | No Cash Out - Lender Initiated | 5529619 | N/A | N/A |
| XXXX | XXXX | 4350118370 | XXXX | XXXX | XXXX | 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#402<br> Condo exception: The Project's Master Insurance is written on basic form and missing required perils coverage. It does not include the Ordinance/Law endorsement. The missing perils are: Riot or civil commotion, sprinkler leakage, sinkhole collapse, volcanic action, falling objects, weight of snow, ice or sleet, and water damage. The risk is lowered regarding lack of ordinance of law since the project's zoning is currently legally conforming. The project also demonstrates financial stability by allocating 10% in reserves annually - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception on page#402<br> Condo exception: The Project's Master Insurance is written on basic form and missing required perils coverage. It does not include the Ordinance/Law endorsement. The missing perils are: Riot or civil commotion, sprinkler leakage, sinkhole collapse, volcanic action, falling objects, weight of snow, ice or sleet, and water damage. The risk is lowered regarding lack of ordinance of law since the project's zoning is currently legally conforming. The project also demonstrates financial stability by allocating 10% in reserves annually - Due Diligence Vendor-XXXX<br>|  |  | Compensating Factors:<br> Borrower Housing History is 0X30, 12 months. <br> Housing History required per guidelines is 0X30, 12 months.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. | XXXX | Investment | Refinance | No Cash Out - Lender Initiated | 5527472 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118350 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited FICO is less than Guideline requirements | Waived-Audited FICO of 678 is less than Guideline FICO of 680 Exception Approval provided p480. To allow ICF c/o refi with credit score of 678, slightly below 680 minimum. - Due Diligence Vendor-XXXX |  | Waived-Audited FICO of 678 is less than Guideline FICO of 680 Exception Approval provided p480. To allow ICF c/o refi with credit score of 678, slightly below 680 minimum. - Due Diligence Vendor-XXXX<br>|  |  | LTV is 58.93%. Maximum allowed per guidelines is 70%.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Mortgage Payment History is 0X30, 35 months. Mortgage Payment History required per guidelines is 0X30, 12 months. | XXXX | Investment | Refinance | Cash Out - Other | 5547263 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118374 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation (CDA) provided. - 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 Provide Secondary Valuation or Additional Valuation (with acceptable variance to Primary). CU score is greater than 2.5. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Secondary Valuation or Additional Valuation (CDA) provided. - Due Diligence Vendor-XXXX <br>Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5712071 | N/A | N/A |
| XXXX | XXXX | 4350118374 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Asset Depletion calculator provided. - 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 calculator. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Asset Depletion calculator provided. - Due Diligence Vendor-XXXX <br>Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5713075 | N/A | N/A |
| XXXX | XXXX | 4350118374 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset 5 Does Not Meet Guideline Requirements | Resolved-Attached Final CD from Bridge loan showing proof of receipt of cash out funds and final CD for the transaction showing proof of receipt of funds. Updated & resolved. - Due Diligence Vendor-XXXX <br> Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. condition at closing for proof of receipt of funds from Bridge loan - reviewed and cleared by closer. Please see attached Final CD from Bridge loan showing proof of receipt of cash out funds and final CD for this transaction showing proof of receipt of funds - Seller-XXXX <br> Open-Asset 5 Does Not Meet Guideline Requirements Provide proof of Bridge Loan Proceeds from loan XXXX. Missing proof of receipt to verify Loan proceeds. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. condition at closing for proof of receipt of funds from Bridge loan - reviewed and cleared by closer. Please see attached Final CD from Bridge loan showing proof of receipt of cash out funds and final CD for this transaction showing proof of receipt of funds - Seller-XXXX<br>| Resolved-Attached Final CD from Bridge loan showing proof of receipt of cash out funds and final CD for the transaction showing proof of receipt of funds. Updated & resolved. - Due Diligence Vendor-XXXX <br>Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5713082 | N/A | N/A |
| XXXX | XXXX | 4350118374 | XXXX | XXXX | XXXX | 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 in file on page#437.<br> To use XXXX account (XXXX and XXXX - with 50% of value) as source for asset depletion. - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception in file on page#437.<br> To use XXXX account (XXXX and XXXX - with 50% of value) as source for asset depletion. - Due Diligence Vendor-XXXX<br>|  |  | Borrower has worked in same industry more than 5 years<br> Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 3 months. | XXXX | Primary Residence | Purchase | NA | 5712607 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118374 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Waived-Exception in file on page#437.<br> Loan amount exceeds guideline max of XXXX now that program is the XXXX tier - Due Diligence Vendor-XXXX <br>Open-Audited Loan Amount of XXXX is greater than the Guideline Maximum Loan Amount of XXXX - Due Diligence Vendor-XXXX <br>Open-Audited Loan Amount of XXXX is greater than the Guideline Maximum Loan Amount of XXXX - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Waived-Exception in file on page#437.<br> Loan amount exceeds guideline max of XXXX now that program is the XXXX tier - Due Diligence Vendor-XXXX<br>|  |  | Borrower has worked in same industry more than 5 years<br> Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 3 months. | XXXX | Primary Residence | Purchase | NA | 5712263 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118384 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI Requirements | Waived-Audited DTI of 53.77% exceeds Guideline DTI of 50% We have Exception in file on page #600 for "DTI greater than 50% for Prime tier. - Due Diligence Vendor-XXXX <br>Waived-Audited DTI of 53.77% exceeds Guideline DTI of 50% We have Exception in file on page #600 for "DTI greater than 50% for Prime tier. - Due Diligence Vendor-XXXX |  | Waived-Audited DTI of 53.77% exceeds Guideline DTI of 50% We have Exception in file on page #600 for "DTI greater than 50% for Prime tier. - Due Diligence Vendor-XXXX <br>Waived-Audited DTI of 53.77% exceeds Guideline DTI of 50% We have Exception in file on page #600 for "DTI greater than 50% for Prime tier. - Due Diligence Vendor-XXXX<br>|  |  | Credit Score is 811. Minimum required per guidelines is 760.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Housing payment history is 0x30x24. | XXXX | Primary Residence | Purchase | NA | 5731163 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118384 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable The XXXX account is a new account. The XXXX statement was the first statement for it and only one at the time of closing. The deposit to start the account came from another account that is already documented per Lender XXXX.<br> - Due Diligence Vendor-XXXX <br> Resolved-The XXXX account is a new account. The XXXX statement was the first statement for it and only one at the time of closing. The deposit to start the account came from another account that is already documented per Lender XXXX. Resolved<br> - Due Diligence Vendor-XXXX <br> Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-XXXX <br> Ready for Review-The XXXX acct is a new acct, so the XXXX statement was the first statement for it and only one at the time of the closing. The deposit to start the account came from another account that is already documented. - Seller-XXXX <br> Open-Asset Record 3 Does Not Meet G/L Requirements Provide XXXX statement #XXXX. Need 2 full months. Received 1 month. - Due Diligence Vendor-XXXX | Ready for Review-The XXXX acct is a new acct, so the XXXX statement was the first statement for it and only one at the time of the closing. The deposit to start the account came from another account that is already documented. - Seller-XXXX<br>| Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable The XXXX account is a new account. The XXXX statement was the first statement for it and only one at the time of closing. The deposit to start the account came from another account that is already documented per Lender XXXX.<br> - Due Diligence Vendor-XXXX <br>Resolved-The XXXX account is a new account. The XXXX statement was the first statement for it and only one at the time of closing. The deposit to start the account came from another account that is already documented per Lender XXXX. Resolved<br> - Due Diligence Vendor-XXXX <br>Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 5730263 | N/A | N/A |
| XXXX | XXXX | 4350118384 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. 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<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5756299 | N/A | N/A |
| XXXX | XXXX | 4350118384 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Asset Depletion calculator provided. - 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-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Asset Depletion calculator. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX<br>| Resolved-Asset Depletion calculator provided. - Due Diligence Vendor-XXXX <br>Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5728481 | N/A | N/A |
| XXXX | XXXX | 4350118384 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (7.962%) APR equals or exceeds the Federal HPML threshold of (7.82%). 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 (6.32%).(12 CFR 1026.35(a)(1)(i)) Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 565 and the Final Closing disclosure on Pg#'s 128, reflects escrows. Rate lock date was entered correctly – see Pg#'s 120. An interior and exterior appraisal was completed for this property – see pg 20, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 661, and confirmation the appraisal was delivered to the borrower – see Pg#'s 111. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-The loan's (7.962%) APR equals or exceeds the Federal HPML threshold of (7.82%). 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 (6.32%).(12 CFR 1026.35(a)(1)(i)) Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 565 and the Final Closing disclosure on Pg#'s 128, reflects escrows. Rate lock date was entered correctly – see Pg#'s 120. An interior and exterior appraisal was completed for this property – see pg 20, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 661, and confirmation the appraisal was delivered to the borrower – see Pg#'s 111. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 5730940 | N/A | N/A |
| XXXX | XXXX | 4350118367 | XXXX | XXXX | XXXX | 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 Client elects to waive with the following compensating factors.<br> Exception provided on page #433 requested for XXXX DSCR loan for this borrower. - 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 Client elects to waive with the following compensating factors.<br> Exception provided on page #433 requested for XXXX DSCR loan for this borrower. - Due Diligence Vendor-XXXX<br>|  |  | Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 12 months. Housing History required per guidelines is 0X30, 12 months.<br> LTV requirements 70% and current LTV is 60.44%<br> FICO requirements 660 borrower FICO 371. | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 5775612 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118391 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-VOR provided for primary address. Housing History Meets Guideline Requirements.<br> - Due Diligence Vendor-XXXX <br>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 Verification of Rent to verify housing history. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-VOR provided for primary address. Housing History Meets Guideline Requirements.<br> - Due Diligence Vendor-XXXX <br>Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5776453 | N/A | N/A |
| XXXX | XXXX | 4350118391 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID | Federal - Closing Disclosure Business Day Waiting Period Date Warnings | Resolved-Resolved - Due Diligence Vendor-XXXX <br> Open-You submitted a Prior Closing Disclosure Received Date (XXXX) earlier than the Prior Closing Disclosure Date Issued (XXXX). The System cannot perform a Reg Z business day disclosure waiting period review without accurate dates. (12 CFR 1026.17(f); 1026.37; 1026.19(f); 1026.22(a)(2)) - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX |  | Resolved-Resolved - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 5890070 | N/A | N/A |
| XXXX | XXXX | 4350118391 | XXXX | XXXX | XXXX | 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>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. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Provide Change of Circumstance for Loan Discount points in the amount of XXXX to cure tolerance. - 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. - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - 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<br>| Resolved- - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5776506 | N/A | N/A |
| XXXX | XXXX | 4350118391 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX <br>Resolved-Received lock agreement. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Evidence of Rate Lock Missing Provide evidence of Rate Lock. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX <br>Resolved-Received lock agreement. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5776494 | N/A | N/A |
| XXXX | XXXX | 4350118391 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. 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<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5808519 | N/A | N/A |
| XXXX | XXXX | 4350118391 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Requested Third Party Fraud Report is provided, Updated & Condition Resolved. - Due Diligence Vendor-XXXX <br>Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Missing Third Party Fraud Report Provide Fraud report.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Requested Third Party Fraud Report is provided, Updated & Condition Resolved. - Due Diligence Vendor-XXXX <br>Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5776489 | N/A | N/A |
| XXXX | XXXX | 4350118382 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | XXXX | System: RuleEngine | Resolved-Resolved - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open-Formula[LenderEntityType] Evaluation Failure. Error = LenderEntityType can't be empty. . - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-Resolved - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 5853416 | N/A | N/A |
| XXXX | XXXX | 4350118382 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | XXXX Home Equity Security Instrument is Missing | Resolved-Resolved, received XXXX Home Equity Security Instrument. - Due Diligence Vendor-XXXX <br>Resolved-Validation resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-XXXX Home Equity Security Instrument is Missing in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Resolved, received XXXX Home Equity Security Instrument. - Due Diligence Vendor-XXXX <br>Resolved-Validation resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 5779790 | N/A | N/A |
| XXXX | XXXX | 4350118382 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | XXXX Home Equity Receipt Of Documents is Missing | Resolved-Resolved, received XXXX Home Equity Receipt Of Documents. - Due Diligence Vendor-XXXX <br>Resolved-Validation resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-XXXX Home Equity Receipt Of Documents is Missing in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Resolved, received XXXX Home Equity Receipt Of Documents. - Due Diligence Vendor-XXXX <br>Resolved-Validation resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 5779789 | N/A | N/A |
| XXXX | XXXX | 4350118382 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | XXXX Home Equity PUD Rider is Missing | Resolved-Resolved, received XXXX Home Equity PUD Rider. - Due Diligence Vendor-XXXX <br>Resolved-Validation resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-XXXX Home Equity PUD Rider is Missing in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Resolved, received XXXX Home Equity PUD Rider. - Due Diligence Vendor-XXXX <br>Resolved-Validation resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 5779788 | N/A | N/A |
| XXXX | XXXX | 4350118382 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | XXXX Home Equity Affidavit and Agreement is Missing | Resolved-Resolved, received XXXX Home Equity Affidavit and Agreement. - Due Diligence Vendor-XXXX <br>Resolved-Validation resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-XXXX Home Equity Affidavit and Agreement is Missing in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Resolved, received XXXX Home Equity Affidavit and Agreement. - Due Diligence Vendor-XXXX <br>Resolved-Validation resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 5779787 | N/A | N/A |
| XXXX | XXXX | 4350118382 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Income/Employment | Income/Employment General | Waived-Client elects to waive with the following compensating factors.<br> Exception on page#463<br> New commission-paid job, request to use projected blended income first year of XXXX, per offer letter. Please see attached commentary and offer letter. - Due Diligence Vendor-XXXX |  | Waived-Client elects to waive with the following compensating factors.<br> Exception on page#463<br> New commission-paid job, request to use projected blended income first year of XXXX, per offer letter. Please see attached commentary and offer letter. - Due Diligence Vendor-XXXX<br>|  |  | Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 9 months.<br> LTV is 48.54%. Maximum allowed per guidelines is 70%.<br> Credit Score is 686. Minimum required per guidelines is 680.<br> XXXX+ months reserves prior to cash out, very low LTV, borrower has shown far higher commission income in prior job once established | XXXX | Primary Residence | Refinance | Cash Out - Other | 5780203 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118362 | XXXX | XXXX | XXXX | 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 provided on page #367 requested for XXXX DSCR Loan. Also need prelim exception for LTV > 70% w/ credit score of 671. - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception provided on page #367 requested for XXXX DSCR Loan. Also need prelim exception for LTV > 70% w/ credit score of 671. - Due Diligence Vendor-XXXX<br>|  |  | Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history<br> Borrower Housing History is 0X30, 12 months. Housing History required per guidelines is 0X30, 12 months. | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 5776754 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118354 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | XXXX. Discrepancy due to the XXXX and XXXX bank statements The underwriter used the 'Total Money Out' amounts to calculate income. Total income verified is XXXX creating a DTI of 51%. Max allowed for credit score is 50%. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Received updated 1008 and income summary. Transactions were business related. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5777104 | N/A | N/A |
| XXXX | XXXX | 4350118354 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative provided by client. - Due Diligence Vendor-XXXX <br>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<br>| Resolved-Business Narrative provided by client. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5821759 | N/A | N/A |
| XXXX | XXXX | 4350118354 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Initial Closing Disclosure document provided. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-TRID: Missing Closing Disclosure Provide Initial CD. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Initial Closing Disclosure document provided. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5777038 | N/A | N/A |
| XXXX | XXXX | 4350118387 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached lock history. - Seller-XXXX <br>Open-Evidence of Rate Lock Missing Provide evidence of Rate Lock. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached lock history. - Seller-XXXX<br>| Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 5807656 | N/A | N/A |
| XXXX | XXXX | 4350118387 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Invalid Condition, we have HOI Policy & Property detail report are already present in file shows no open liens hence condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Invalid Condition we have HOI Policy & Property detail report are already present in file shows no open liens hence condition resolved. - 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 report that shows release of mortgage - Seller-XXXX <br>Open-Housing History Does Not Meet Guideline Requirements Provide a VOM or evidence of property being owned Free & Clear to verify housing history. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see the attached report that shows release of mortgage - Seller-XXXX<br>| Resolved-Invalid Condition, we have HOI Policy & Property detail report are already present in file shows no open liens hence condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Invalid Condition we have HOI Policy & Property detail report are already present in file shows no open liens hence condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 5806042 | N/A | N/A |
| XXXX | XXXX | 4350118387 | XXXX | XXXX | XXXX | 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 provided on page #715 request to 1. New construction in XXXX not PERS approved, 2. Declaration is missing all mortgagee protections 3. Crime coverage is only in the developer's name not the HOA. This new construction project does demonstrate financial strength by allocating 20% in reserves annually. Exception was approved previously for Loan #XXXX. Since then the Master Insurance issues surrounding Inflation Guard, confirmation the coverage is equal to the replacement cost value, and the inclusion of Separation of Insureds have been resolved. - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception provided on page #715 request to 1. New construction in XXXX not PERS approved, 2. Declaration is missing all mortgagee protections 3. Crime coverage is only in the developer's name not the HOA. This new construction project does demonstrate financial strength by allocating 20% in reserves annually. Exception was approved previously for Loan #XXXX. Since then the Master Insurance issues surrounding Inflation Guard, confirmation the coverage is equal to the replacement cost value, and the inclusion of Separation of Insureds have been resolved. - Due Diligence Vendor-XXXX |  |  | Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower has worked in same job more than XXXX years.<br> DTI is 17.24%. Maximum allowed per guidelines is 50%.<br>| XXXX | Investment | Purchase | NA | 5817007 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118390 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Ineligible Borrower per program guidelines | Waived-Borrower Type ineligible per program guidelines. Borrower is purchasing an investment property with sweat equity from a non-relative as an individual. <br> Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  | Waived-Borrower Type ineligible per program guidelines. Borrower is purchasing an investment property with sweat equity from a non-relative as an individual. <br> Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX<br>|  |  | DTI is 31.05%. Maximum allowed per guidelines is 50%.<br> Residual Income is $XXXX. Minimum Residual Income required per guidelines is $XXXX. | XXXX | Investment | Purchase | NA | 5860076 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118390 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Credit | Occupancy does not meet eligibility requirement(s) | Waived-Borrower is purchasing an investment property with sweat equity totaling 25% of the value of the property. This is usually only used for primary residences. Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  | Waived-Borrower is purchasing an investment property with sweat equity totaling 25% of the value of the property. This is usually only used for primary residences. Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX<br>|  |  | DTI is 31.05%. Maximum allowed per guidelines is 50%.<br> Residual Income is $XXXX. Minimum Residual Income required per guidelines is $XXXX. | XXXX | Investment | Purchase | NA | 5860090 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118390 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Audited FICO is less than Guideline FICO - Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |  | Waived-Audited FICO is less than Guideline FICO - Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX<br>|  |  | DTI is 31.05%. Maximum allowed per guidelines is 50%.<br> Residual Income is $XXXX. Minimum Residual Income required per guidelines is $XXXX.  | XXXX | Investment | Purchase | NA | 5796834 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118359 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Received Asset Depletion Calculator. 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. Provide Asset Depletion calculator. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Received Asset Depletion Calculator. Resolved - Due Diligence Vendor-XXXX <br>Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5836292 | N/A | N/A |
| XXXX | XXXX | 4350118359 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-We have exception in file on page #340 for "Current mortgage has 1x30 and 1x60 within last 12 months (XXXX and XXXX) for XXXX AIO account". - Due Diligence Vendor-XXXX |  | Waived-We have exception in file on page #340 for "Current mortgage has 1x30 and 1x60 within last 12 months (XXXX and XXXX) for XXXX AIO account". - Due Diligence Vendor-XXXX<br>|  |  | DTI is 34.74%. Maximum allowed per guidelines is 50%.<br> LTV is 36.88%. Maximum allowed per guidelines is 85%.<br> Credit Score is 723. Minimum required per guidelines is 720.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5839543 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118365 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Missing subject rental income documentation | Resolved-Received XXXX short term rental income analysis in the amount of XXXX. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br>Open-Provide XXXX short term rental income analysis in the amount of XXXX. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Received XXXX short term rental income analysis in the amount of XXXX. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 5901821 | N/A | N/A |
| XXXX | XXXX | 4350118365 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Verification of Rent | Resolved-Received payment histories for both properties. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Missing Verification of Rent Provide XXXX short rental income analysis used to qualify. 1008 states XXXX short term rental income analysis used is XXXX annual /12 months = XXXX = DSCR = 1.34%. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Received payment histories for both properties. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 5801282 | N/A | N/A |
| XXXX | XXXX | 4350118352 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Loan does not conform to program guidelines UW Exception, page 475, to allow borrower to finance more than XXXX with XXXX. Borrower currently has XXXX open /active loans with XXXX (being serviced by XXXX) with total outstanding balance of $XXXX - XXXX new loans in process (XXXX). - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines UW Exception, page 475, to allow borrower to finance more than XXXX with XXXX. Borrower currently has 7 open /active loans with XXXX (being serviced by XXXX) with total outstanding balance of $XXXX. - 3 new loans in process (XXXX). - Due Diligence Vendor-XXXX |  |  | Credit Score is 748> minimum required 700.<br> DSCR is 1.475 > Minimum required per guidelines is 0.75.<br> Housing History is 0X30, XXXX months > required per guidelines of 0X30, 12 months. | XXXX | Investment | Refinance | Cash Out - Other | 5798649 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118357 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Requested DOT along with associated riders 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. - Seller-XXXX <br>Open-The Deed of Trust is Missing Deed of Trust missing from file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Requested DOT along with associated riders provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Home Improvement/Reno | 5816215 | N/A | N/A |
| XXXX | XXXX | 4350118356 | XXXX | XXXX | XXXX | 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>Resolved-Received pay history. Subject is owned free and clear. Title also confirmed no liens on property. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Housing History Does Not Meet Guideline Requirements Provide proof of 12 months housing history showing rent free or VOM. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX <br>Resolved-Received pay history. Subject is owned free and clear. Title also confirmed no liens on property. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Other | 5841040 | N/A | N/A |
| XXXX | XXXX | 4350118375 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | The letter of explanation for the borrower's assets/reserves is missing | Resolved-LOE not required as additional account holder is spouse to the borrower. Hence Resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-We disagree with this - Borrower is listed as acct owner, an XXXX letter from joint owners is not required. Also, these are personal funds and not a business account, XXXX would follow XXXX guidelines on this. Please clear. - Seller-XXXX <br>Open-The letter of explanation for the borrower's assets/reserves is missing. Please provide LOE or additional assets/reserves. XXXX Letter from additional account holder for 100% use of funds missing. <br> - Due Diligence Vendor-XXXX | Ready for Review-We disagree with this - Borrower is listed as acct owner, an XXXX letter from joint owners is not required. Also, these are personal funds and not a business account, XXXX would follow XXXX guidelines on this. Please clear. - Seller-XXXX | Resolved-LOE not required as additional account holder is spouse to the borrower. Hence Resolved. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 5833838 | N/A | N/A |
| XXXX | XXXX | 4350118369 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Borrower | Discrepancy between 1008 Page Qualifying FICO and actual Qualifying FICO | Resolved-1008 document with corrected FICO score provided. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. disagree with findings - see comments on 1008 - primary wage earner score 784 - Seller-XXXX <br>Open-Qualifying FICO on the 1008 Page is '682' or blank, but the Qualifying FICO from the Credit Liabilities Page is '784' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. B1 is primary wage earner - representative score 784 for primary wage earner was used to qualify, But in 1008 FICO given as 682, Provide updated 1008 with the FICO of 784. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. disagree with findings - see comments on 1008 - primary wage earner score 784 - Seller-XXXX<br>| Resolved-1008 document with corrected FICO score provided. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Second Home | Purchase | NA | 5850336 | N/A | N/A |
| XXXX | XXXX | 4350118369 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset 6 Does Not Meet Guideline Requirements | Resolved-XXXX XXXX is new account opened XXXX XXXX with transfer of funds from XXXX retirement account - XXXX XXXX statement in file supporting 2 month seasoning and source of deposit to open XXXX XXXX account. Asset 6 Meets Guideline Requirements Or Not Applicable. Hence Resolved. - Due Diligence Vendor-XXXX <br> Resolved-Asset 6 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Disagree with findings - XXXX XXXX is new account opened XXXX XXXX with transfer of funds from XXXX retirement account - XXXX XXXX statement in file supporting 2 month seasoning and source of deposit to open XXXX XXXX account - Seller-XXXX <br> Open-Asset 6 Does Not Meet Guideline Requirements Asset 6 XXXX XXXX #XXXX provided for only 1 Month, but as per Guidelines we need minimum 2 months of asset statements. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Disagree with findings - XXXX XXXX is new account opened XXXX XXXX with transfer of funds from XXXX retirement account - XXXX XXXX statement in file supporting 2 month seasoning and source of deposit to open XXXX XXXX account - Seller-XXXX | Resolved-XXXX XXXX is new account opened XXXX XXXX with transfer of funds from XXXX retirement account - XXXX XXXX statement in file supporting 2 month seasoning and source of deposit to open XXXX XXXX account. Asset 6 Meets Guideline Requirements Or Not Applicable. Hence Resolved. - Due Diligence Vendor-XXXX <br> Resolved-Asset 6 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Second Home | Purchase | NA | 5851386 | N/A | N/A |
| XXXX | XXXX | 4350118369 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Asset do not meet guidelines | Waived-We have Exception in file on page #502 for "Asking for exception to use Gift Funds for a 2nd home. Borrower currently lives in XXXX in a XXXX program but already has a signed contract for the XXXX in the city where the property is located. Currently renting in XXXX but had an opportunity to buy home through auction process in XXXX. In the next 10 months prior to occupying it as their primary, they will be updating the home to get it to their liking. They have family in XXXX and will stay here when they come to town. XXXX is home except for the time for all of their XXXX. - Due Diligence Vendor-XXXX |  | Waived-We have Exception in file on page #502 for "Asking for exception to use Gift Funds for a 2nd home. Borrower currently lives in XXXX in a XXXX program but already has a signed contract for the XXXX in the city where the property is located. Currently renting in XXXX but had an opportunity to buy home through auction process in XXXX. In the next 10 months prior to occupying it as their primary, they will be updating the home to get it to their liking. They have family in XXXX and will stay here when they come to town. XXXX is home except for the time for all of their XXXX - Due Diligence Vendor-XXXX |  |  | LTV is 70%. Maximum allowed per guidelines is 90%.<br> Borrower Housing History is 0X30, 27 months. Housing History required per guidelines is 0X30, 12 months.<br> Years in Industry for B1 is 3+ Years, & B2 is 2+ Years. | XXXX | Second Home | Purchase | NA | 5852910 | Originator Pre-Close | No |
| XXXX | XXXX | 4350118403 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX <br> Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Open-Borrower 1 Gap Credit Report is Missing The guidelines dated XXXX, a gap credit report is required no more than 10 days prior to loan closing or any time after closing. The loan file does not contain a gap credit report. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX <br>Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5911770 | N/A | N/A |
| XXXX | XXXX | 4350118403 | XXXX | XXXX | XXXX | 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. XXXX 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. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. XXXX SSR - Seller-XXXX<br>| Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5911782 | N/A | N/A |
| XXXX | XXXX | 4350118402 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-RCE uploaded, Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX, Verified & entered in system - Resolved<br> - 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. RCE - 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 RCE document as hazard insurance amount of $XXXX is not covering loan amount of $XXXX. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. RCE - Seller-XXXX<br>| Resolved-RCE uploaded, Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX, Verified & entered in system - Resolved<br> - 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 | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5896530 | N/A | N/A |
| XXXX | XXXX | 4350118402 | XXXX | XXXX | XXXX | 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 # 26 a clear fraud report is required. The fraud report in file (page # 487) is showing 1 high uncleared alert. The required cleared report is missing.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br>| 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>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5896570 | N/A | N/A |
| XXXX | XXXX | 4350118401 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | XXXX | License: Loan Originator | Resolved-Broker's MLO was actively registered in XXXX on the application date. It was also confirmed that the below listed broker company was actively registered in XXXX during this period. The reason for the disparity is that the XXXX XXXX ID (XXXX) is listed on the loan documents and not the Loan Originator Organization's XXXX ID (XXXX). - Due Diligence Vendor-XXXX <br> Open-A relationship between XXXX (XXXX ID: XXXX) and the company (Company XXXX ID: XXXX) does not exist in the XXXX Consumer XXXX as of XXXX. However, other relationship(s) were found in the XXXX Consumer XXXX for this individual and may be found in the XXXX Info section. - Due Diligence Vendor-XXXX |  | Resolved-Broker's MLO was actively registered in XXXX on the application date. It was also confirmed that the below listed broker company was actively registered in XXXX during this period. The reason for the disparity is that the XXXX XXXX ID (XXXX) is listed on the loan documents and not the Loan Originator Organization's XXXX ID (XXXX). - Due Diligence Vendor-XXXX |  |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5986997 | N/A | N/A |
| XXXX | XXXX | 4350118401 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | Closing | Loan Originator XXXX Status is Not Active | Resolved-Loan Originator XXXX Status is Active - Due Diligence Vendor-XXXX <br> Resolved-Broker's MLO was actively registered in XXXX on the application date. It was also confirmed that the below listed broker company was actively registered in XXXX during this period. The reason for the disparity is that the XXXX XXXX ID (XXXX) is listed on the loan documents and not the Loan Originator Organization's XXXX ID (XXXX). Clear to proceed. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Licensing Response - Clear to Proceed - Seller-XXXX <br> Open-Loan Originator XXXX Status is Not Active Loan officer XXXX id XXXX not found on XXXX portal - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Licensing Response - Clear to Proceed - Seller-XXXX<br>| Resolved-Loan Originator XXXX Status is Active - Due Diligence Vendor-XXXX <br> Resolved-Broker's MLO was actively registered in XXXX on the application date. It was also confirmed that the below listed broker company was actively registered in XXXX during this period. The reason for the disparity is that the XXXX XXXX ID (XXXX) is listed on the loan documents and not the Loan Originator Organization's XXXX ID (XXXX). Clear to proceed. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5912343 | N/A | N/A |
| XXXX | XXXX | 4350118401 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test XXXX | Resolved- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. COC - Seller-XXXX <br> Open- - Due Diligence Vendor-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 credit was Decreased from initial CD amount $XXXX to final CD amount $XXXX and There is no COC.<br> - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. COC - Seller-XXXX<br>| Resolved- - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5912340 | N/A | N/A |
| XXXX | XXXX | 4350118401 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Resolved-Updated docs provided and updated. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Updated 1003/1008 removing rental income - Seller-XXXX <br> Open-Borrower 1 Lease Agreements Missing As per 1003, REO property "XXXX" has rental income of $XXXX but there is no lease agreement or Schedule E or 1007 in the file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated 1003/1008 removing rental income - Seller-XXXX<br>| Resolved-Updated docs provided and updated. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5912060 | N/A | N/A |
| XXXX | XXXX | 4350118392 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Requested Initial CD provided, updated & condition resolved.<br> - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-TRID: Missing Closing Disclosure Provide Initial CD. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Requested Initial CD provided, updated & condition resolved.<br> - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5912850 | N/A | N/A |
| XXXX | XXXX | 4350118392 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Audited DTI Exceeds Guideline DTI Exception on page#413<br> As per the matrix dated XXXX, the maximum allowable DTI is 55%. However, the audited DTI is 57.83%, which exceeds the guideline. Therefore, an exception has been provided. - Due Diligence Vendor-XXXX |  | Waived-Audited DTI Exceeds Guideline DTI Exception on page#413<br> As per the matrix dated XXXX, the maximum allowable DTI is 55%. However, the audited DTI is 57.83%, which exceeds the guideline. Therefore, an exception has been provided. - Due Diligence Vendor-XXXX<br>|  |  | Borrower Housing History is 0X30, 36 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 3 months.<br> Borrower(s) credit score is 732. Minimum required per guidelines is 700. | XXXX | Primary Residence | Purchase | NA | 5912768 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118363 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Received Asset Depletion calculator. 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 Worksheet. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Received Asset Depletion calculator. Resolved - Due Diligence Vendor-XXXX <br>Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Other | 5917363 | N/A | N/A |
| XXXX | XXXX | 4350118363 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Audited DTI Exceeds Guideline DTI Exception on page#774<br> As per the matrix dated XXXX, the maximum allowable DTI is 50%. However, the audited DTI is 54.98%%, which exceeds the guideline. Therefore, an exception has been provided. - Due Diligence Vendor-XXXX |  | Waived-Audited DTI Exceeds Guideline DTI Exception on page#774<br> As per the matrix dated XXXX, the maximum allowable DTI is 50%. However, the audited DTI is 54.98%%, which exceeds the guideline. Therefore, an exception has been provided. - Due Diligence Vendor-XXXX<br>|  |  | Credit Score is 777. Minimum required per guidelines is 740.<br> Borrower Housing History is 0X30, 25 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower has worked in same industry more than 18 years. | XXXX | Investment | Refinance | Cash Out - Other | 5917145 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118380 | XXXX | XXXX | XXXX | 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 for B2, updated & condition resolved. - 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 self-employment for XXXX and XXXX XXXX. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Requested 3rd Party VOE provided for B2, updated & condition resolved. - 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>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5926740 | N/A | N/A |
| XXXX | XXXX | 4350118380 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. 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<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5957307 | N/A | N/A |
| XXXX | XXXX | 4350118380 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Income/Employment | Income/Employment General | Waived-Exception on page#748<br> 1) Using asset depletion to qualify, however, calculation does not meet or exceed 25% of the total gross income for the borrower - actual 15.6% .<br> 2) Using bank statement income to qualify, however, calculation does not meet or exceed 30% of the total qualifying income for the self-employed borrower - actual 5.7%. - Due Diligence Vendor-XXXX |  | Waived-Exception on page#748<br> 1) Using asset depletion to qualify, however, calculation does not meet or exceed 25% of the total gross income for the borrower - actual 15.6% .<br> 2) Using bank statement income to qualify, however, calculation does not meet or exceed 30% of the total qualifying income for the self-employed borrower - actual 5.7%. - Due Diligence Vendor-XXXX<br>|  |  | Credit Score is 751. Minimum required per guidelines is 740.<br> Borrower Housing History is 0X30, 16 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower has worked in same job more than 10 years.<br> Borrowers credit score of 751 and 792; 9 months in reserves, secondary employment from XXXX not being used to qualify (additional income exists but not being used to qualify due to slight decline in earnings). | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5927148 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118386 | XXXX | XXXX | XXXX | 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#538: <br> Condo exception - master insurance has Actual Cash Valuation rather than replacement cost on roofs when they are 15 years of age or older. The project's roofs are 3 years old so they are currently still under Replacement Cost coverage. - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception on page#538: <br> Condo exception - master insurance has Actual Cash Valuation rather than replacement cost on roofs when they are 15 years of age or older. The project's roofs are XXXX years old so they are currently still under Replacement Cost coverage. - Due Diligence Vendor-XXXX |  |  | Credit Score is 804. Minimum required per guidelines is 740.<br> Borrower(s) have 84.12 months Reserves. Minimum required per guidelines is 6 months.<br> Housing payment history is 0x30x24 or better.<br> Borrower excellent credit scores along with more than enough reserves and fairly low DTI. 25% down payment, no derogatory credit in past 5 years, limited credit user. | XXXX | Primary Residence | Purchase | NA | 5928452 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118394 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Requested Secondary Valuation(CDA) 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. - 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 CDA. XXXX Mae's Collateral Underwriter score is not available for this loan because the subject property is a 2-unit dwelling. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Requested Secondary Valuation(CDA) 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>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5929257 | N/A | N/A |
| XXXX | XXXX | 4350118394 | XXXX | XXXX | XXXX | 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> 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 ($XXXX) between the baseline disclosure and the last Closing Disclosure. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX |  | Resolved- - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 6002917 | N/A | N/A |
| XXXX | XXXX | 4350118394 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test XXXX | Resolved- - Due Diligence Vendor-XXXX <br> Resolved- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). Provide COC to cure tolerance. Lender credits decreased in revised CD. Lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX).<br> - 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<br>| Resolved- - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5930203 | N/A | N/A |
| XXXX | XXXX | 4350118394 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 for the copy of the disclosure. The loan meets HPML guidelines.<br> - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Resolved-. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br> Resolved-The loan's (8.536%) APR equals or exceeds the Federal HPML threshold of (8.14%). 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 (6.64%).(12 CFR 1026.35(a)(1)(i)) - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Resolved-The loan's (8.536%) APR equals or exceeds the Federal HPML threshold of (8.14%). 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 (6.64%).(12 CFR 1026.35(a)(1)(i)) Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 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-Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br> Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br> Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 for the copy of the disclosure. The loan meets HPML guidelines.<br> - Due Diligence Vendor-XXXX <br> Resolved-. - Due Diligence Vendor-XXXX <br> Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br> Resolved-The loan's (8.536%) APR equals or exceeds the Federal HPML threshold of (8.14%). 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 (6.64%).(12 CFR 1026.35(a)(1)(i)) - Due Diligence Vendor-XXXX <br> Resolved-The loan's (8.536%) APR equals or exceeds the Federal HPML threshold of (8.14%). 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 (6.64%).(12 CFR 1026.35(a)(1)(i)) Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 290 and the Final Closing disclosure on Pg#'s 84 reflects escrows. Rate lock date was entered correctly – see Pg#'s 319 An interior and exterior appraisal was completed for this property – see pg 47, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 35 and copy of the appraisal was given to the borrower – see Pg#'s 35 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX |  |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5930204 | N/A | N/A |
| XXXX | XXXX | 4350118371 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Borrower | Discrepancy between 1008 Page Qualifying FICO and actual Qualifying FICO | Resolved-Received updated 1008 confirming credit score. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Qualifying FICO on the 1008 Page is '639' or blank, but the Qualifying FICO from the Credit Liabilities Page is '693' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. Provide 1008 confirming credit score used. The Qualifying FICO score listed on the 1008 Page is 639; however, the audited Qualifying FICO score, based on the selection of the Primary Wage Earner is 693. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Received updated 1008 confirming credit score. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Other | 5940562 | N/A | N/A |
| XXXX | XXXX | 4350118371 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. 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<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Other | 5974107 | N/A | N/A |
| XXXX | XXXX | 4350118371 | XXXX | XXXX | XXXX | 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 provided on page #690, request for B2 is not a title holder along with B1. B1 and B2 are married the mortgage is joint, but B2 was removed from title in XXXX. We are using the credit score for B2 as she is the 100% owner of the business and we are using her income. - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception provided on page #690, request for B2 is not a title holder along with B1. B1 and B2 are married the mortgage is joint, but B2 was removed from title in XXXX. We are using the credit score for B2 as she is the 100% owner of the business and we are using her income. - Due Diligence Vendor-XXXX |  |  | Borrower has worked in same industry more than XXXX years.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower has over 24 months of on time mortgage payments. | XXXX | Investment | Refinance | Cash Out - Other | 5942812 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118371 | XXXX | XXXX | XXXX | 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 #690 request for Qualifying score of 693 is below requirement of 700 for cash-out at 75% - Due Diligence Vendor-XXXX |  | Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Exception provided on page #690 request for Qualifying score of 693 is below requirement of 700 for cash-out at 75% - Due Diligence Vendor-XXXX<br>|  |  | Borrower has worked in same industry more than XXXX years.<br> Borrower(s) have XXXX Reserves. Minimum required per guidelines is 6 months.<br> Borrower has over 24 months of on time mortgage payments. | XXXX | Investment | Refinance | Cash Out - Other | 5940558 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118376 | XXXX | XXXX | XXXX | 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 Approval provided for loan amount being less than required minimum of $XXXX. Audited loan amount of $XXXX is less than the Guideline minimum requirement. Exception approved p263. - Due Diligence Vendor-XXXX |  | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Exception Approval provided for loan amount being less than required minimum of $XXXX. Audited loan amount of $XXXX is less than the Guideline minimum requirement. Exception approved p263. - Due Diligence Vendor-XXXX |  |  | Borrowers credit score is 777 which is 20 points or more over the requirement. <br> Borrower has over 60 months of reserves, guideline only requires 6.<br> Prior mortgage rating 0x24 with no lates. | XXXX | Investment | Purchase | NA | 5929089 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118407 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Updated credit page. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Here is the history for his previous address - Seller-XXXX <br> Counter-This will give total of XXXX months XXXX and the XXXX months with the report in file. Need XXXX months of rent history from prior residence - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Housing history attached - Seller-XXXX <br> Open-Housing History Does Not Meet Guideline Requirements Pert GL XXXX page #27, 12-month housing history required for primary residence. However credit supplement on page # 345 shows only 2 months reviewed. Per LOE on page # 2529, borrowers are not living for rent at their previous esidence address of XXXX. Hence, provide complete XXXX-month housing history.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Here is the history for his previous address - Seller-XXXX <br>Ready for Review-Document Uploaded. Housing history attached - Seller-XXXX<br>| Resolved-Updated credit page. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5943510 | N/A | N/A |
| XXXX | XXXX | 4350118407 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Property | Appraisal | Review Product 1 Valuation is Expired | Resolved-1004D received, dated XXXX, for the Recert of Value. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Recert for the expired appraisal - Seller-XXXX <br>Open-Review Product 1 Valuation is Expired (Review Product 1 Valuation Date is greater than 120 days from the Note Date of XXXX. Days Difference is 208) - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Recert for the expired appraisal - Seller-XXXX<br>| Resolved-1004D received, dated XXXX, for the Recert of Value. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5985689 | N/A | N/A |
| XXXX | XXXX | 4350118407 | XXXX | XXXX | XXXX | 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. CDA - 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 updated Desk review or SSR report as the desk review on page # 385 shows a different loan number and has report date of XXXX which more than 120 days from note date of XXXX and SSR report on page # 439 doesn't have a valid risk score. Loan amount is greater than XXXX which requires second appraisal. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. CDA - Seller-XXXX<br>| Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5927466 | N/A | N/A |
| XXXX | XXXX | 4350118407 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | DTI discrepancy or failure. | Resolved-Updated 1008 and 1003 DTI in line. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Updated 1003/1008 - Seller-XXXX <br> Open-Audited HTI / DTI are 22.86 / 30.16 whereas lender HTI / DTI are 27.92 / 36.14. The differences are 5.06 / 5.98.<br>This is because (1) lender calculated HTI incorrectly on 1008 page # 843 (PITIA $XXXX / income $XXXX = 22.86%). (2) lender considered monthly debt as $XXXX where as per our calculations it is only $XXXX (PITIA $XXXX + Credit liabilities $XXXX + REO $XXXX).<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated 1003/1008 - Seller-XXXX<br>| Resolved-Updated 1008 and 1003 DTI in line. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5943577 | N/A | N/A |
| XXXX | XXXX | 4350118364 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Received evidence of rate lock. Resolved - Due Diligence Vendor-XXXX <br>Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br>Open-Evidence of Rate Lock Missing Provide Rate Lock. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Received evidence of rate lock. Resolved - Due Diligence Vendor-XXXX <br>Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 5944515 | N/A | N/A |
| XXXX | XXXX | 4350118364 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Condo project is ineligible | Waived-Exception provided on page #344. Requested for Condo Exception - Master insurance has roofs over 12 years of age included in actual cash valuation rather than replacement cost. Currently the roofs are XXXX years old. Appraisal exterior photos of roof do not display any deferred maintenance. The HOA demonstrates financial stability with a current reserve balance of $XXXX. In the event of a total loss claim on the roofs the HOA could absorb this cost without financial burden. - Due Diligence Vendor-XXXX |  | Waived-Exception provided on page #344. Requested for Condo Exception - Master insurance has roofs over XXXX years of age included in actual cash valuation rather than replacement cost. Currently the roofs are XXXX years old. Appraisal exterior photos of roof do not display any deferred maintenance. The HOA demonstrates financial stability with a current reserve balance of $XXXX. In the event of a total loss claim on the roofs the HOA could absorb this cost without financial burden. - Due Diligence Vendor-XXXX |  |  | Borrower(s) have XXXX 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 had no derogatory credit in past 5 years after major credit event. | XXXX | Investment | Purchase | NA | 5944910 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118364 | XXXX | XXXX | XXXX | 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 #344. Requested for Credit score required is 700 for 75% LTV and the borrower's credit score is 681. - Due Diligence Vendor-XXXX |  | Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Exception provided on page #344. Requested for Credit score required is 700 for 75% LTV and the borrower's credit score is 681. - Due Diligence Vendor-XXXX<br>|  |  | Borrower(s) have XXXX 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 had no derogatory credit in past 5 years after major credit event. | XXXX | Investment | Purchase | NA | 5944045 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118361 | XXXX | XXXX | XXXX | 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. Please 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. Please see attached - Seller-XXXX<br>| Resolved-Requested asset depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5941116 | N/A | N/A |
| XXXX | XXXX | 4350118408 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report uploaded, Verified & entered in system - Resolved<br> - 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 The guidelines dated XXXX indicated a clear fraud report is required. However, the file is missing fraud report. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br>| Resolved-Third Party Fraud Report uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX <br>Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5954545 | N/A | N/A |
| XXXX | XXXX | 4350118408 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX <br> Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX <br> Open-Borrower 1 Gap Credit Report is Missing The guidelines dated XXXX indicated a gap credit report is required no more than 10 days prior to loan closing or any time after closing. However, the file is missing gap credit report. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX<br>| Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX <br>Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5966716 | N/A | N/A |
| XXXX | XXXX | 4350118408 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | 1008 Document is Missing | Resolved-1008 document with corrected Sales Price provided. DTI now matching. - 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. The sales contract reflects the purchase price as $XXXX; however, the 1008 shows as $XXXX. Further, the all other monthly debt reflects $XXXX; however, the lender did not include the loss from the investment property. This would change the DTI for the loan also. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX<br>| Resolved-1008 document with corrected Sales Price provided. DTI now matching. - Due Diligence Vendor-XXXX <br>Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5967223 | N/A | N/A |
| XXXX | XXXX | 4350118408 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | DTI discrepancy or failure. | Resolved-Updated 1008 provided. DTI now matching. Hence Resolved. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX <br> Open-The loan was approved with a DTI of 15.63%. However, the re-calculated DTI is 20.80%. The difference is 5.17 which is a result of the inclusion of the rent loss in the amount of $XXXX. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX<br>| Resolved-Updated 1008 provided. DTI now matching. Hence Resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5967165 | N/A | N/A |
| XXXX | XXXX | 4350118408 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset General | Resolved-Evidence to earnest money deposit provided. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. EMD attached - Seller-XXXX <br> Open-Evidence to earnest money deposit in the amount of $XXXX being received was not located in the loan file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. EMD attached - Seller-XXXX<br>| Resolved-Evidence to earnest money deposit provided. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5966769 | N/A | N/A |
| XXXX | XXXX | 4350118408 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID | Federal - Closing Disclosure and Consummation Date | Resolved-The documentation received is sufficient to resolve the finding. Initial CD - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - 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 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)) Initial Closing Disclosure was issued on XXXX. The Final Closing Disclosure was issued on XXXX. The requirement of the Initial Closing Disclosure being three days prior to the Final Closing Disclosure was not met. - Due Diligence Vendor-XXXX <br> Open- - 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. Initial CD XXXX - Seller-XXXX | Resolved-The documentation received is sufficient to resolve the finding. Initial CD - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5954809 | N/A | N/A |
| XXXX | XXXX | 4350118385 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception on page#454<br> According to the matrix dated XXXX, the maximum allowed LTV for a 709 FICO score is 80%. However, the audited LTV is 90%, which exceeds the guideline limits. Therefore, an exception was provided. - Due Diligence Vendor-XXXX |  | Waived-Exception on page#454<br> According to the matrix dated XXXX, the maximum allowed LTV for a 709 FICO score is 80%. However, the audited LTV is 90%, which exceeds the guideline limits. Therefore, an exception was provided. - Due Diligence Vendor-XXXX<br>|  |  | Residual Income is $XXXX Minimum Residual Income required per guidelines is $XXXX. <br> Borrower has worked in same industry from 5 years. <br> No derogatory credit in past 11 years. | XXXX | Primary Residence | Purchase | NA | 5960509 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118385 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (8.621%) APR equals or exceeds the Federal HPML threshold of (7.82%). 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 (6.32%).(12 CFR 1026.35(a)(1)(i)) Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 308 and the Final Closing disclosure on Pg#'s 171 reflects escrows. Rate lock date was entered correctly – see Pg#'s 412 An interior and exterior appraisal was completed for this property – see pg 55, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 37 and copy of the appraisal was given to the borrower – see Pg#'s 37 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's (8.621%) APR equals or exceeds the Federal HPML threshold of (7.82%). 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 (6.32%).(12 CFR 1026.35(a)(1)(i)) Borrower is Escrowing, escrow disclosures and loan information is on Pg#'s 308 and the Final Closing disclosure on Pg#'s 171 reflects escrows. Rate lock date was entered correctly – see Pg#'s 412 An interior and exterior appraisal was completed for this property – see pg 55, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 37 and copy of the appraisal was given to the borrower – see Pg#'s 37 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 5960380 | N/A | N/A |
| XXXX | XXXX | 4350118385 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | XXXX | HigherPriced: APR | Resolved-You submitted no impound amounts for property taxes on this HPML loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: (1) termination of the underlying debt obligation or (2) FIVE years after consummation if the unpaid principal balance is less than 80% of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. (12 CFR 1026.35(b)) 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 308 and the Final Closing disclosure on Pg#'s 171 reflects escrows. Rate lock date was entered correctly – see Pg#'s 412 An interior and exterior appraisal was completed for this property – see pg 55, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 37 and copy of the appraisal was given to the borrower – see Pg#'s 37 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-You submitted no impound amounts for property taxes on this HPML loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: (1) termination of the underlying debt obligation or (2) XXXX years after consummation if the unpaid principal balance is less than 80% of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. (12 CFR 1026.35(b)) 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 308 and the Final Closing disclosure on Pg#'s 171 reflects escrows. Rate lock date was entered correctly – see Pg#'s 412 An interior and exterior appraisal was completed for this property – see pg 55, the appraisal disclosure was provided to the borrower(s)- see Pg#'s 37 and copy of the appraisal was given to the borrower – see Pg#'s 37 for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-XXXX |  |  |  | XXXX | Primary Residence | Purchase | NA | 5960381 | N/A | N/A |
| XXXX | XXXX | 4350118379 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Received Final CD. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-TRID: Missing Final Closing Disclosure Provide Final Closing Disclosure. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Received Final CD. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 5981631 | N/A | N/A |
| XXXX | XXXX | 4350118360 | XXXX | XXXX | XXXX | 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 provided on page #349. Requested for Cash-out refinance with less than 6 months seasoning. Borrower purchased the subject property XXXX XXXX and completed a full remodel. Cash out will pay-off XXXX HELOCs used to purchase subject and complete the remodel. - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception provided on page #349. Requested for Cash-out refinance with less than 6 months seasoning. Borrower purchased the subject property XXXX XXXX and completed a full remodel. Cash out will pay-off XXXX HELOCs used to purchase subject and complete the remodel. - Due Diligence Vendor-XXXX |  |  | LTV is 49%. Maximum allowed per guidelines is 75.<br> 103.22 months Reserves. Minimum required per guidelines is 6 months.<br> DTI is 25.66%. Maximum allowed per guidelines is 50%. | XXXX | Investment | Refinance | Cash Out - Debt Consolidation | 5968841 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118360 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Eligibility | Business Entity EIN Number Missing | Resolved-EIN located on Operating Agreement page 3. resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See page 3 of OA - Seller-XXXX <br>Open-Provide Business Entity Number (EIN) from IRS printout. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See page 3 of OA - Seller-XXXX<br>| Resolved-EIN located on Operating Agreement page 3. resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Debt Consolidation | 6029465 | N/A | N/A |
| XXXX | XXXX | 4350118360 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | 1008 Document is Missing | Resolved-Requested updated 1008 provided with updated P&I values, updated & condition resolved. - 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. - Seller-XXXX <br> Open-The 1008 document is missing from the loan file. Provide updated 1008 verifying correct PI. IO Loan Monthly Payment is $XXXX for the first 120 months of this Note, and thereafter will be in the amount of U.S. $XXXX. However 1008 reflecting P&I is $XXXX which is after 120 months period, but Audited P&I is $XXXX this affects DTI Discrepancy. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Requested updated 1008 provided with updated P&I values, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Debt Consolidation | 5968683 | N/A | N/A |
| XXXX | XXXX | 4350118383 | XXXX | XXXX | XXXX | 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. Please 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 Provide Secondary Valuation. CU score is greater than 2.5. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 5989835 | N/A | N/A |
| XXXX | XXXX | 4350118383 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. 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<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 6025007 | N/A | N/A |
| XXXX | XXXX | 4350118383 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited FICO is less than Guideline requirements | Waived-Audited FICO of 667 is less than Guideline FICO of 700 Exception provided on page #336. Requested for Credit score 667 guides call for 700 normally for LTV 75% - Due Diligence Vendor-XXXX |  | Waived-Audited FICO of 667 is less than Guideline FICO of 700 Exception provided on page #336. Requested for Credit score 667 guides call for 700 normally for LTV 75% - Due Diligence Vendor-XXXX<br>|  |  | Borrower has worked in same industry more than 4 years.<br> Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months.<br> DTI is 41.92%. Maximum allowed per guidelines is 50%. | XXXX | Primary Residence | Refinance | Cash Out - Other | 5990176 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118383 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien XXXX)(Conforming) | Resolved-Under the Regulations adopted by the XXXX Commissioner of Financial Regulation, as applicable to Mortgage Lenders, this is a Higher-Priced Mortgage. The loan's APR of (8.15%) equals or exceeds the XXXX Higher-Priced Mortgage threshold of (7.81%). 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 (6.31%). (COMAR 09.03.06.02(B)(13); 12 CFR 1026.35(a)(1)(i)) NP is a Federal bank. Resolved - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-Under the Regulations adopted by the XXXX Commissioner of Financial Regulation, as applicable to Mortgage Lenders, this is a Higher-Priced Mortgage. The loan's APR of (8.15%) equals or exceeds the XXXX Higher-Priced Mortgage threshold of (7.81%). 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 (6.31%). (COMAR 09.03.06.02(B)(13); 12 CFR 1026.35(a)(1)(i)) NP is a Federal bank. Resolved - Due Diligence Vendor-XXXX |  |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 5990688 | N/A | N/A |
| XXXX | XXXX | 4350118383 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (8.15%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(12 CFR 1026.35(a)(1)(i)) Borrower is Escrowing, escrow disclosures and loan information is on Pg #231 and the Final Closing disclosure on Pg #171 reflects escrows. Rate lock date was entered correctly – see Pg #168 An interior and exterior appraisal was completed for this property – see Pg #47-50, the appraisal disclosure was provided to the borrower(s)- see Pg #332 and copy of the appraisal was given to the borrower – see Pg #37 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 |  | Resolved-The loan's (8.15%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(12 CFR 1026.35(a)(1)(i)) Borrower is Escrowing, escrow disclosures and loan information is on Pg #231 and the Final Closing disclosure on Pg #171 reflects escrows. Rate lock date was entered correctly – see Pg #168 An interior and exterior appraisal was completed for this property – see Pg #47-50, the appraisal disclosure was provided to the borrower(s)- see Pg #332 and copy of the appraisal was given to the borrower – see Pg #37 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 5990690 | N/A | N/A |
| XXXX | XXXX | 4350118381 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Resolved, received copy of HOA statement. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-Missing verification of HOA dues for second home. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Resolved, received copy of HOA statement. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6038685 | N/A | N/A |
| XXXX | XXXX | 4350118381 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Homeowners Association Questionnaire | Resolved-HOA Questionnaire is Missing or Partial. Resolved, Property is approved by CPM there for no condo questionnaire required. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-HOA Questionnaire is Missing or Partial. Condo Questionnaire is missing from loan file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-HOA Questionnaire is Missing or Partial. Resolved, Property is approved by XXXX there for no condo questionnaire required. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Investment | Purchase | NA | 6000377 | N/A | N/A |
| XXXX | XXXX | 4350118378 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative signed and dated by borrower. 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<br>| Resolved-Received Business Narrative signed and dated by borrower. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 6035538 | N/A | N/A |
| XXXX | XXXX | 4350118358 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Open-Audited Loan Amount is less than Guideline Minimum Loan Amount As per Matrix dated XXXX Audited Loan Amount of $XXXX is less than Guideline Minimum Loan Amount of $XXXX.<br> Exception in file on page#325:<br> Loan amount less than $XXXX. Cash-out refi with under 6 months of seasoning (reimbursing cash purchase, but also later reno work as well). - Due Diligence Vendor-XXXX |  |  |  |  | Credit Score is 752. Minimum required per guidelines is 700.<br> DSCR is 1.21. Minimum required per guidelines is 0.75.<br> Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months. | XXXX | Investment | Refinance | Cash Out - Other | 6001881 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118389 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Homeowners Association Questionnaire | Resolved-Requested HOA Questionnaire provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-HOA Questionnaire is Present - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-HOA Questionnaire is Missing or Partial. Provide condominium questionnaire. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Requested HOA Questionnaire provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-HOA Questionnaire is Present - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6031746 | N/A | N/A |
| XXXX | XXXX | 4350118389 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Resolved. Business Narrative letter provided. - 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>| Resolved-Resolved. Business Narrative letter provided. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6054872 | N/A | N/A |
| XXXX | XXXX | 4350118405 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset General | Resolved-Verified with the PCD the EMD is only for XXXX and the XXXX was the down payment - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Please see attached PCCD and snippet. The $XXXX is showing as Deposit and the $XXXX plus $XXXX = the Final Funds to Close check for $XXXX - Seller-XXXX <br> Counter-1003 in file shows 2 EMD deposits, one for XXXX (verified) the other for XXXX (not verifiable in file.) Please provide EMD letter/wire transfer evidencing the XXXX EMD. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Final escrow SS and the Final funds which matches confirming a XXXX EMD. <br> For the XXXX EMD, we are not seeing that, only the XXXX EMD - Seller-XXXX <br> Open-We have Earnest Money Funds Total $XXXX ($XXXX) we have proof only $XXXX in file remaining $XXXX proof of document missing in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached PCCD and snippet. The $XXXX is showing as Deposit and the $XXXX plus $XXXX = the Final Funds to Close check for $XXXX - Seller-XXXX <br> Ready for Review-Document Uploaded. Final escrow SS and the Final funds which matches confirming a XXXX EMD. <br> For the XXXX EMD, we are not seeing that, only the XXXX EMD - Seller-XXXX | Resolved-Verified with the PCD the EMD is only for XXXX was the down payment - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6049564 | N/A | N/A |
| XXXX | XXXX | 4350118405 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-VOR provided. Housing History Meets Guideline Requirements. - Due Diligence Vendor-XXXX <br> Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. VOR - Seller-XXXX <br> Open-Housing History Does Not Meet Guideline Requirements Per the guideline Version XXXX on page#27, the borrower is required to have a 12 months housing history. Primary Mortgage or Rent Months updated as 0 due Borrower rents the primary residence for $XXXX at " XXXX " but there is no 12 months rent history and there is no VOR available in the file.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. VOR - Seller-XXXX<br>| Resolved-VOR provided. Housing History Meets Guideline Requirements. - Due Diligence Vendor-XXXX <br>Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6046909 | N/A | N/A |
| XXXX | XXXX | 4350118405 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (8.358%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(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#'s241 and the Final Closing disclosure on Pg#'s109, Finding reflects escrows. Rate lock date was entered correctly – see Pg#'s254,247104. An interior and exterior appraisal was completed for this property – see pg#'s51, the appraisal disclosure was provided to the borrower(s)- see Pg#'s97,98. and confirmation the appraisal was delivered to the borrower – see Pg#'172. The loan meets HPML guidelines, resolved. - 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's (8.358%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(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#'s241 and the Final Closing disclosure on Pg#'s109, Finding reflects escrows. Rate lock date was entered correctly – see Pg#'s254,247104. An interior and exterior appraisal was completed for this property – see pg#'s51, the appraisal disclosure was provided to the borrower(s)- see Pg#'s97,98. and confirmation the appraisal was delivered to the borrower – see Pg#'172. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 6047383 | N/A | N/A |
| XXXX | XXXX | 4350118410 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Income/Employment | Income/Employment General | Resolved-1008 updated, resolved. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX <br> Open-Qualifying Income discrepancies found in the file. Per the Initial 1003, income was stated to $XXXX. Per the Signed Final 1003, income was stated to be $XXXX. Income calculated per the Business Bank Statement Worksheet was $XXXX. But, per the 1008, income was $XXXX. Unable to determine what the lender's qualifying income really was. The lowest of these is $XXXX (Initial 1003). - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX<br>| Resolved-1008 updated, resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 6048970 | N/A | N/A |
| XXXX | XXXX | 4350118377 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Resolved, received proof of the previous property being sold per the settlement statement provided. - Due Diligence Vendor-XXXX <br>Resolved- - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Audited DTI Exceeds Guideline DTI Missing proof previous investment home was sold. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Resolved, received proof of the previous property being sold per the settlement statement provided. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6065574 | N/A | N/A |
| XXXX | XXXX | 4350118377 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Resolved, received business narrative. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Missing business narrative. <br> Per guidelines: Business narrative providing details of the business and size/scope, including:<br> o Description of business / business profile<br> o Number of employees<br> o Location(s) and rent, if applicable<br> o Estimated cost of goods sold, if applicable<br> o Equipment/materials/trucks<br> o Commercial or retail client base - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Resolved, received business narrative. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6065552 | N/A | N/A |
| XXXX | XXXX | 4350118377 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Deficient non-subject rental income documentation. | Resolved-Resolved, received settlement statement showing property sold. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Open-Missing proof property at XXXX has been sold and paid off. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Resolved, received settlement statement showing property sold. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6064698 | N/A | N/A |
| XXXX | XXXX | 4350118419 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (7.833%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(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 397, 401 and the Final Closing disclosure on Pg#'s 177, Finding reflects escrows. Rate lock date was entered correctly – see Pg#'s 415 . An interior and exterior appraisal was completed for this property – see pg# 25,34 , the appraisal disclosure was provided to the borrower(s)- see Pg#'s 167, and confirmation the appraisal was delivered to the borrower – see Pg#'s 166 . 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's (7.833%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(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 397, 401 and the Final Closing disclosure on Pg#'s 177, Finding reflects escrows. Rate lock date was entered correctly – see Pg#'s 415 . An interior and exterior appraisal was completed for this property – see pg# 25,34 , the appraisal disclosure was provided to the borrower(s)- see Pg#'s 167, and confirmation the appraisal was delivered to the borrower – see Pg#'s 166 . The loan meets HPML guidelines. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 6062523 | N/A | N/A |
| XXXX | XXXX | 4350118398 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Please see attached - Buyer-XXXX <br> Open-Asset Record 3 Does Not Meet G/L Requirements Provide updated statement from XXXX/XXXX XXXX sourcing the asset of $XXXX, Unable to verify - Due Diligence Vendor-XXXX |  | Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 6077434 | N/A | N/A |
| XXXX | XXXX | 4350118418 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Fraud Report Alerts have been cleared, verified & entered in system - Resolved. - 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 Fraud report shows uncleared alerts • The XXXX XXXX Connect alerts summary document shows a total of 1 High alert, Per XXXX guidelines dated XXXX page 27, required updated fraud report that shows all alerts were reviewed & cleared.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br>| Resolved-Fraud Report Alerts have been cleared, verified & entered in system - Resolved. - Due Diligence Vendor-XXXX <br>Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 6065617 | N/A | N/A |
| XXXX | XXXX | 4350118418 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (7.883%) APR equals or exceeds the Federal HPML threshold of (7.72%). 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 (6.22%).(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 304 and the Final Closing disclosure on Pg 102, Finding reflects escrows. Rate lock date was entered correctly – see Pg 399. An interior and exterior appraisal was completed for this property – see pg 39, the appraisal disclosure was provided to the borrower(s)- see Pg 452-453, and confirmation the appraisal was delivered to the borrower – see Pg 151, 454 The loan meets HPML guidelines, resolved. <br> - Due Diligence Vendor-XXXX <br>Open- - 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's (7.883%) APR equals or exceeds the Federal HPML threshold of (7.72%). 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 (6.22%).(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 304 and the Final Closing disclosure on Pg 102, Finding reflects escrows. Rate lock date was entered correctly – see Pg 399. An interior and exterior appraisal was completed for this property – see pg 39, the appraisal disclosure was provided to the borrower(s)- see Pg 452-453, and confirmation the appraisal was delivered to the borrower – see Pg 151, 454 The loan meets HPML guidelines, resolved. <br> - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 6066628 | N/A | N/A |
| XXXX | XXXX | 4350118418 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien XXXX)(Conforming) | Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (7.883%) equals or exceeds the XXXX HPML threshold of (7.72%). 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 (6.22%).(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 304 and the Final Closing disclosure on Pg 102, Finding reflects escrows. Rate lock date was entered correctly – see Pg 399. An interior and exterior appraisal was completed for this property – see pg 39, the appraisal disclosure was provided to the borrower(s)- see Pg 452-453, and confirmation the appraisal was delivered to the borrower – see Pg 151, 454 The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (7.883%) equals or exceeds the XXXX HPML threshold of (7.72%). 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 (6.22%).(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 304 and the Final Closing disclosure on Pg 102, Finding reflects escrows. Rate lock date was entered correctly – see Pg 399. An interior and exterior appraisal was completed for this property – see pg 39, the appraisal disclosure was provided to the borrower(s)- see Pg 452-453, and confirmation the appraisal was delivered to the borrower – see Pg 151, 454 The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 6066630 | N/A | N/A |
| XXXX | XXXX | 4350118409 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | Tolerance:FinanceCharge | Federal - Finance Charge Disclosure Tolerance (Closed End) | Resolved-finding reopened after running XXXX - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-finding reopened after running XXXX - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 6227038 | N/A | N/A |
| XXXX | XXXX | 4350118409 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-finding reopened after running XXXX - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Resolved- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Resolved-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#690 and the Final Closing disclosure on Pg#503, Finding reflects escrows. Rate lock date was entered correctly – see Pg#718. An interior and exterior appraisal was completed for this property – see pg #54, the appraisal disclosure is provided on page #788-791, and confirmation the appraisal was delivered to the borrower – see Pg#792. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Resolved-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#690 and the Final Closing disclosure on Pg#503, Finding reflects escrows. Rate lock date was entered correctly – see Pg#718. An interior and exterior appraisal was completed for this property – see pg #54, the appraisal disclosure is provided on page #788-791, and confirmation the appraisal was delivered to the borrower – see Pg#792. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Rescinded-The loan's (7.956%) APR equals or exceeds the Federal HPML threshold of (7.79%). 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 (6.29%).(12 CFR 1026.35(a)(1)(i)) XXXX ran in error as initial CD is missing from file and finding in place. - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-finding reopened after running XXXX - Due Diligence Vendor-XXXX <br>Resolved- - Due Diligence Vendor-XXXX <br>Resolved-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#690 and the Final Closing disclosure on Pg#503, Finding reflects escrows. Rate lock date was entered correctly – see Pg#718. An interior and exterior appraisal was completed for this property – see pg #54, the appraisal disclosure is provided on page #788-791, and confirmation the appraisal was delivered to the borrower – see Pg#792. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX <br>Resolved-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#690 and the Final Closing disclosure on Pg#503, Finding reflects escrows. Rate lock date was entered correctly – see Pg#718. An interior and exterior appraisal was completed for this property – see pg #54, the appraisal disclosure is provided on page #788-791, and confirmation the appraisal was delivered to the borrower – see Pg#792. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX <br>Rescinded-The loan's (7.956%) APR equals or exceeds the Federal HPML threshold of (7.79%). 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 (6.29%).(12 CFR 1026.35(a)(1)(i)) XXXX ran in error as initial CD is missing from file and finding in place. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 6063816 | N/A | N/A |
| XXXX | XXXX | 4350118409 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test XXXX | Resolved- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Resolved-updated test - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. LE redisclosure and COC for the rate change on XXXX, prior to the XXXX initial CD. Attached is the LE redisclosure and detailed COC form to clear the lender credit issue<br> - Seller-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Rescinded-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 ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). XXXX ran in error as initial CD is missing from file and finding in place. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. LE redisclosure and COC for the rate change on XXXX, prior to the XXXX initial CD. Attached is the LE redisclosure and detailed COC form to clear the lender credit issue<br> - Seller-XXXX<br>| Resolved-updated test - Due Diligence Vendor-XXXX <br> Rescinded-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($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)). XXXX ran in error as initial CD is missing from file and finding in place. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6063814 | N/A | N/A |
| XXXX | XXXX | 4350118409 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | TRID Tolerance | Fees: Limited | Resolved-updated test - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Updated PCCD to accurately reflect the total recording fees of $XXXX - Seller-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Rescinded-The total amount of the 10% category fees on the last Closing Disclosure ($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)). XXXX ran in error as initial CD is missing from file and finding in place. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated PCCD to accurately reflect the total recording fees of $XXXX - Seller-XXXX | Resolved-updated test - Due Diligence Vendor-XXXX <br> Rescinded-The total amount of the 10% category fees on the last Closing Disclosure ($XXXX) has increased by more than 10% over the current baseline value of (XXXX.00). 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)). XXXX ran in error as initial CD is missing from file and finding in place. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6063815 | N/A | N/A |
| XXXX | XXXX | 4350118409 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | TRID Tolerance | Fees: Limited | Resolved-updated test - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Updated PCCD to accurately reflect the total recording fees of $XXXX - Seller-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Rescinded-The total amount of the 10% category fees ($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)). XXXX ran in error as initial CD is missing from file and finding in place. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated PCCD to accurately reflect the total recording fees of $XXXX - Seller-XXXX | Resolved-updated test - Due Diligence Vendor-XXXX <br> Rescinded-The total amount of the 10% category fees ($XXXX) has increased by more than 10% over the current baseline value of (XXXX.00). 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)). XXXX ran in error as initial CD is missing from file and finding in place. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6063817 | N/A | N/A |
| XXXX | XXXX | 4350118409 | XXXX | XXXX | XXXX | 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. Cleared Alerts - Seller-XXXX <br>Open-Fraud Report Shows Uncleared Alerts Per the GL 10.17.2025 page # 27 a clear fraud report is required. The fraud report in file (page #671) 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<br>| Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6063398 | N/A | N/A |
| XXXX | XXXX | 4350118409 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Initial Closing Disclosure uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Initial CD XXXX - Seller-XXXX <br>Open-TRID: Missing Closing Disclosure Provide Initial Closing Disclosure. Initial closing disclosure missing in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Initial CD XXXX - Seller-XXXX<br>| Resolved-Initial Closing Disclosure uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6078575 | N/A | N/A |
| XXXX | XXXX | 4350118417 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-XXXX <br>Resolved-received final settlement statement signed by closing agent and final borrowers stmt signed by bwr - resolved - Due Diligence Vendor-XXXX <br>Counter-Please provide Borrower signed HUD-1 confirming itemized costs, uploaded is Closing Statement with summary of costs of purchase. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Attached is the signed statement - Seller-XXXX <br>Counter-Please provide Borrower signed HUD-1. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Certified copy of Final HUD1 - Seller-XXXX <br>Open-Final HUD-1 Document is Missing. Provide the Executed Final HUD-1 Document with closing date of XXXX, in file we have Unsigned Final HUD-1 Document closing date XXXX showing after the Note & Notary date. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Attached is the signed statement - Seller-XXXX <br>Ready for Review-Document Uploaded. Certified copy of Final HUD1 - Seller-XXXX<br>| Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-XXXX <br>Resolved-received final settlement statement signed by closing agent and final borrowers stmt signed by bwr - resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6094538 | N/A | N/A |
| XXXX | XXXX | 4350118417 | XXXX | XXXX | XXXX | 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 guideline Version XXXX on page#4 a clear fraud report is required. The fraud report in file pg#217 is showing a High alert. The required cleared report is missing.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br>| 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>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6094416 | N/A | N/A |
| XXXX | XXXX | 4350118411 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset 6 Does Not Meet Guideline Requirements | Resolved-Asset 6 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX <br> Resolved-Final CD proceeds from Refinances, page 335 610 XXXX XXXX and XXXX XXXX. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. CD's and Notes - Seller-XXXX <br> Open-Asset 6 Does Not Meet Guideline Requirements Final 1003 shows Funds required to close as Secured Borrowed Funds XXXX and XXXX. Pages 333 and 334 shows Escrow Receipt of funds for estimated amounts however not the source. Please document source of funds to close and wire(s) to Escrow. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. CD's and Notes - Seller-XXXX<br>| Resolved-Asset 6 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX <br>Resolved-Final CD proceeds from Refinances, page 335 610 XXXX XXXX and XXXX XXXX. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6097379 | N/A | N/A |
| XXXX | XXXX | 4350118411 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | DTI discrepancy or failure. | Resolved-Final CD Refinance XXXX XXXX XXXX paid off XXXX Lending XXXX, excluded from Net Rental calculation and documentation receipt 2 months rents XXXX, DTI 44.87 within variance tolerance UW 1008. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Detailed LOE from the UW - Seller-XXXX <br> Open-Audited qualifying monthly income $XXXX. Page 631 CPA letter for XXXX Expense Ratio 23.2% higher than Page 538 UW income calculation worksheets Expense Ratio 21.88%. Audited Negative Rental for 2 properties XXXX 1st lien PITI $XXXX + 2nd lien PI $XXXX = $XXXX. Lease $XXXX x 75% = $XXXX - $XXXX = -$XXXX and XXXX 1st PITI $XXXX Lease $XXXX x 75% = $XXXX - $XXXX = - $XXXX . Subject PITI $XXXX + Total Neg Rental $XXXX + other monthly obligations $XXXX = $XXXX total monthly obligations / $XXXX = Audited DTI 47.74%. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Detailed LOE from the UW - Seller-XXXX<br>| Resolved-Final CD Refinance XXXX XXXX XXXX paid off XXXX Lending XXXX, excluded from Net Rental calculation and documentation receipt 2 months rents XXXX XXXX, DTI 44.87 within variance tolerance UW 1008. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6102716 | N/A | N/A |
| XXXX | XXXX | 4350118411 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Fraud Report Alerts have been cleared, verified & entered in system - Resolved. - 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 guideline Version XXXX on page#26 a clear fraud report is required. The fraud report in file pg#514 is showing a High alert. The required cleared report is missing.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br>| Resolved-Fraud Report Alerts have been cleared, verified & entered in system - Resolved. - Due Diligence Vendor-XXXX <br>Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6097468 | N/A | N/A |
| XXXX | XXXX | 4350118399 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID Tolerance | Insufficient Change of Circumstance XXXX | Resolved- - Due Diligence Vendor-XXXX <br> Resolved- - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Please see attached - Buyer-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: 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)). The credit fee shown on the initial CD was $XXXX, but it increased to $XXXX on the Final CD. A COC is required to cure the tolerance violation. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX |  | Resolved- - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 6148758 | N/A | N/A |
| XXXX | XXXX | 4350118399 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (8.224%) APR equals or exceeds the Federal HPML threshold of (7.74%). 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 (6.24%).(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 #336 and the Final Closing disclosure on Pg #128 reflects escrows. Rate lock date was entered correctly – see Pg #371 An interior and exterior appraisal was completed for this property – see Pg #43-50, the appraisal disclosure was provided to the borrower(s)- see Pg #27 and copy of the appraisal was given to the borrower – see Pg #30 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br> Resolved-. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Resolved-The loan's (8.224%) APR equals or exceeds the Federal HPML threshold of (7.74%). 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 (6.24%).(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 #336 and the Final Closing disclosure on Pg #128 reflects escrows. Rate lock date was entered correctly – see Pg #371 An interior and exterior appraisal was completed for this property – see Pg #43-50, the appraisal disclosure was provided to the borrower(s)- see Pg #27 and copy of the appraisal was given to the borrower – see Pg #30 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 |  | Resolved-The loan's (8.224%) APR equals or exceeds the Federal HPML threshold of (7.74%). 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 (6.24%).(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 #336 and the Final Closing disclosure on Pg #128 reflects escrows. Rate lock date was entered correctly – see Pg #371 An interior and exterior appraisal was completed for this property – see Pg #43-50, the appraisal disclosure was provided to the borrower(s)- see Pg #27 and copy of the appraisal was given to the borrower – see Pg #30 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br>Resolved-. - Due Diligence Vendor-XXXX <br>Resolved-The loan's (8.224%) APR equals or exceeds the Federal HPML threshold of (7.74%). 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 (6.24%).(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 #336 and the Final Closing disclosure on Pg #128 reflects escrows. Rate lock date was entered correctly – see Pg #371 An interior and exterior appraisal was completed for this property – see Pg #43-50, the appraisal disclosure was provided to the borrower(s)- see Pg #27 and copy of the appraisal was given to the borrower – see Pg #30 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 6148756 | N/A | N/A |
| XXXX | XXXX | 4350118404 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Received exception in file for 5% LTV Cash Out deduction (max LTV 70%). - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Exception Approval - Seller-XXXX <br> Open-Audited LTV Exceeds Guideline LTV Per the XXXX matrix the max LTV for a 660 FICO up to $XXXX is 75% LTV with a 5% reduction for Cash Out. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Exception Approval - Seller-XXXX<br>| Waived-Received exception in file for 5% LTV Cash Out deduction (max LTV 70%). - Due Diligence Vendor-XXXX<br>| XXXX |  | Comp Factors for 5% LTV exception for Cash Out to 75% LTV:<br> - Borrower has 13 months Reserves. Minimum required per guidelines is 3 months.<br> - Residual Income is $XXXX Minimum Residual Income required per guidelines is $XXXX. <br>| XXXX | Primary Residence | Refinance | Cash Out - Other | 6110729 | Originator Post-Close | Yes |
| XXXX | XXXX | 4350118400 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV Requirements | Waived- - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Exception Approval - Seller-XXXX <br>Open-Audited CLTV of 85% exceeds Guideline CLTV of 75%, Property located in rural area as per matrix MAX LTV is 75% but file has 85%.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Exception Approval - Seller-XXXX<br>| Waived- - Due Diligence Vendor-XXXX<br>| XXXX |  | DTI is 13.2%. Maximum allowed per guidelines is 50%.<br> Credit Score is 790. Minimum required per guidelines is 740.<br> Borrower(s) have 26.6 months Reserves. Minimum required per guidelines is 6 months.<br>| XXXX | Primary Residence | Purchase | NA | 6154322 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118400 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX <br>Counter-received Gap for bwr 1 which is in file, missing GAP for bwr 2 - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX <br>Open-Borrower 2 Gap Credit Report is Missing As per the GL on page#26 we required Gap credit report within 10 days prior to closing date.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX <br>Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX<br>| Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6153635 | N/A | N/A |
| XXXX | XXXX | 4350118400 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-Replacement Cost Estimator for subject property povided.<br> - 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. RCE - 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 Amount of $XXXX is less than Required Coverage Amount of $XXXX and there is NO Replacement Coverage in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. RCE - Seller-XXXX<br>| Resolved-Replacement Cost Estimator for subject property povided.<br> - 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 | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6154020 | N/A | N/A |
| XXXX | XXXX | 4350118406 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Updated asset page - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Statement from sale of property attached - Seller-XXXX <br> Open-Asset Record 2 Does Not Meet G/L Requirements Provide proof of document for proceeds from sale funds of $XXXX as the one on page # 534 is a preliminary statement only. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Statement from sale of property attached - Seller-XXXX<br>| Resolved-Updated asset page - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6148644 | N/A | N/A |
| XXXX | XXXX | 4350118406 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | The Deed of Trust is Incomplete | Resolved-Updated DOT - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Corrective Recorded Mortgage for Notary Date - Seller-XXXX <br>Open-The Deed of Trust is Incomplete Notary date is XXXX which us earlier than the note date of XXXX. Provide updated DOT with correct notary date. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Corrective Recorded Mortgage for Notary Date - Seller-XXXX<br>| Resolved-Updated DOT - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6148519 | N/A | N/A |
| XXXX | XXXX | 4350118406 | XXXX | XXXX | XXXX | 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. Cleared Alerts - Seller-XXXX <br>Open-Fraud Report Shows Uncleared Alerts Per the GL 09.05.2025 page # 26 a clear fraud report is required. The fraud report in file (page # 309) is showing 1 high uncleared alert. The required cleared report is missing. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX<br>| Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6148657 | N/A | N/A |
| XXXX | XXXX | 4350118406 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | 1008 Document is Missing | Resolved-1008 document provided. - 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. Provide 1008 document as it is missing from file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. 1008 - Seller-XXXX<br>| Resolved-1008 document provided. - Due Diligence Vendor-XXXX <br>Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6148502 | N/A | N/A |
| XXXX | XXXX | 4350118406 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (8.474%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(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 page # 326 and the Final Closing disclosure on page # 164-168 reflects escrows. Rate lock is on page # 362. An interior and exterior appraisal was completed for this property – see page # 28-64, the appraisal disclosure was provided to the borrower(s)- see page # 153, 154 and confirmation the appraisal was delivered to the borrower – see page # 153, 154. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Open- - 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's (8.474%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(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 page # 326 and the Final Closing disclosure on page # 164-168 reflects escrows. Rate lock is on page # 362. An interior and exterior appraisal was completed for this property – see page # 28-64, the appraisal disclosure was provided to the borrower(s)- see page # 153, 154 and confirmation the appraisal was delivered to the borrower – see page # 153, 154. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 6148768 | N/A | N/A |
| XXXX | XXXX | 4350118422 | XXXX | XXXX | XXXX | 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 for LTV exceeding guidelines is on page. 307 - Due Diligence Vendor-XXXX |  | Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Exception for LTV exceeding guidelines is on page. 307 - Due Diligence Vendor-XXXX<br>|  |  | Credit score is at 738 and all that is needed is score of 700<br> DSCR is above 1<br> Borrower has a total of 6.74 months of reserves from own assets prior to closing and with the cash out has a total of XXXX months | XXXX | Investment | Refinance | Cash Out - Other | 6129603 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118421 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Property | Property Issue | Property zoned rural and contains more than 10 acres | Waived-GL max acreage is 10 - seeking exception for XXXX - Due Diligence Vendor-XXXX |  | Waived-GL max acreage is 10 - seeking exception for 14 - Due Diligence Vendor-XXXX<br>|  |  | Very low DTI at 14.37%<br> 32 months of reserves | XXXX | Investment | Refinance | Cash Out - Other | 6161741 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118421 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Property | Property | Ineligible Property | Waived-Property is rural with XXXX acres. Guidelines don't allow for rural properties. - Due Diligence Vendor-XXXX |  | Waived-Property is rural with XXXX acres. Guidelines don't allow for rural properties. - Due Diligence Vendor-XXXX |  |  | Very low DTI at 14.37%<br> 32 months of reserves | XXXX | Investment | Refinance | Cash Out - Other | 6161143 | Originator Post-Close | Yes |
| XXXX | XXXX | 4350118413 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Sale of property - Seller-XXXX <br> Open-Asset Record 2 Does Not Meet G/L Requirements We have proceeded from sale amount $XXXX as per the final 1003 but proof of document is missing in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Sale of property - Seller-XXXX<br>| Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6172797 | N/A | N/A |
| XXXX | XXXX | 4350118413 | XXXX | XXXX | XXXX | 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. Cleared alerts - Seller-XXXX <br>Open-Fraud Report Shows Uncleared Alerts Fraud Guard show high alerts without documentation showing cleared - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared alerts - Seller-XXXX<br>| Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6209030 | N/A | N/A |
| XXXX | XXXX | 4350118413 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Bank Statement Summary Lender Income Worksheet uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX <br> Resolved-Validation Resolved' - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Income worksheet - Seller-XXXX <br> Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers for employer " XXXX ". - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Income worksheet - Seller-XXXX<br>| Resolved-Bank Statement Summary Lender Income Worksheet uploaded, Verified & entered in system - Resolved<br> - Due Diligence Vendor-XXXX <br>Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6169734 | N/A | N/A |
| XXXX | XXXX | 4350118413 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset General | Resolved-Proof of EMD uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Open-We have Earnest Money Funds $XXXX as per the Final CD & Final 1003 but proof of document is missing in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Proof of EMD uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6174124 | N/A | N/A |
| XXXX | XXXX | 4350118420 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Updates reserves are in line - Due Diligence Vendor-XXXX <br> Resolved- - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Final Settlement Statement - Seller-XXXX <br> Counter-Funds paid at closing is XXXX based on final hud in file this leaves borrower short on reserves. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. We should have sufficient funds - Seller-XXXX <br> Open-Audited Reserves of XXXX month(s) are less than Guideline Required Reserves of 12 month(s) Per GL 10.17.2025 matric, foreign national borrowers require 12 months reserves, however the loan file has only XXXX months reserves. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Final Settlement Statement - Seller-XXXX <br>Ready for Review-Document Uploaded. We should have sufficient funds - Seller-XXXX<br>| Resolved-Updates reserves are in line - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6183923 | N/A | N/A |
| XXXX | XXXX | 4350118420 | XXXX | XXXX | XXXX | 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 - 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. - Seller-XXXX <br>Open-Fraud Report Shows Uncleared Alerts Per the GL 10.17.2025 page # 27 a clear fraud report is required. The fraud report in file (page # 192) is showing 1 low uncleared alert. The required cleared report is missing. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX <br>Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6183857 | N/A | N/A |
| XXXX | XXXX | 4350118420 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-XXXX XXXX SSR uploaded, verified & entered in system - 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. - 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 XXXX or XXXX 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. - Seller-XXXX<br>| Resolved-XXXX XXXX SSR uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-XXXX <br> Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Investment | Purchase | NA | 6183803 | N/A | N/A |
| XXXX | XXXX | 4350118420 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Checklist of Coverage reflect Replacement Cost Value, Required Coverage amount is less than the Coverage amount, Verified - Resolved - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Open-Provide RCE document as hazard coverage amount of $XXXX is not for the full loan amount of $XXXX. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Checklist of Coverage reflect Replacement Cost Value, Required Coverage amount is less than the Coverage amount, Verified - Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6183944 | N/A | N/A |
| XXXX | XXXX | 4350118412 | XXXX | XXXX | XXXX | 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. Cleared alerts - Seller-XXXX <br> Open-Fraud Report Shows Uncleared Alerts Per the GL XXXX page # 26 a clear fraud report is required. The fraud report in file (page # 408) is showing 1 high uncleared alert. The required cleared report is missing. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Cleared alerts - Seller-XXXX<br>| Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 6185740 | N/A | N/A |
| XXXX | XXXX | 4350118415 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Property | Value | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-XXXX Mac SSR (LCA) uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. XXXX SSR w/lca score of 2.5 - Seller-XXXX <br>Open-Finding raised for Secondary Valuation or Additional Valuation has per securitization requirements. No secondary valuation in file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. XXXX SSR w/lca score of 2.5 - Seller-XXXX<br>| Resolved-XXXX XXXX SSR (LCA) uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6218740 | N/A | N/A |
| XXXX | XXXX | 4350118415 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (8.083%) APR equals or exceeds the Federal HPML threshold of (7.74%). 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 (6.24%).(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 325 and the Final Closing disclosure on Pg 147, Finding reflects escrows. Rate lock date was entered correctly – see Pg 340. An interior and exterior appraisal was completed for this property – see pg 30, the appraisal disclosure was provided to the borrower(s)- see Pg 277, and confirmation the appraisal was delivered to the borrower – see Pg 125, 191. The loan meets HPML guidelines, resolved. <br> - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-The loan's (8.083%) APR equals or exceeds the Federal HPML threshold of (7.74%). 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 (6.24%).(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 325 and the Final Closing disclosure on Pg 147, Finding reflects escrows. Rate lock date was entered correctly – see Pg 340. An interior and exterior appraisal was completed for this property – see pg 30, the appraisal disclosure was provided to the borrower(s)- see Pg 277, and confirmation the appraisal was delivered to the borrower – see Pg 125, 191. The loan meets HPML guidelines, resolved. <br> - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 6218666 | N/A | N/A |
| XXXX | XXXX | 4350118416 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | 1008 Document is Missing | 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. Page 693 Final 1003 and Page 479 CPA Letter show Employment XXXX. however Page 622 Self Employment Business Narrative shows Business as Freedom Forever, please clarify and provide updated applicable documentation. Also, page 179 Final CD and page 402 Additional HOI $XXXX monthly however Page 713 1008 shows $XXXX, please update 1008. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX<br>| Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6249246 | N/A | N/A |
| XXXX | XXXX | 4350118397 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Credit | DSCR Does Not Meet Guideline Requirement | Waived-IO payment to qualify - Due Diligence Vendor-XXXX <br> Waived-waived with comp factors - Due Diligence Vendor-XXXX <br> Ready for Review-Guidelines allow for using higher lease rents capped at 120% of market rents.<br> Market rents $XXXX mo x 120% = $XXXX/mo<br> Using the lower actual rentls of $XXXX/mo supported by $120% of market rents and IO payment to qualify - Buyer-XXXX <br> Ready for Review-Document Uploaded. please see attached - Buyer-XXXX <br> Open-DSCR Does Not Meet Guideline Requirement<br> Appears that the original UW calculated DSCR using Interest Only payment of $XXXX which calculated a DSCR of .0817 however, per GL, The PITI calculation for interest only loans is based on a 30-year amortization (40-year loan) which does not meet minimum Guidelines. QC calculated DSCR of .65 which is below minimum requirements of .75 - Due Diligence Vendor-XXXX |  | Waived-IO payment to qualify - Due Diligence Vendor-XXXX <br>Waived-waived with comp factors - Due Diligence Vendor-XXXX<br>| XXXX |  | 65% LTV<br> 161.98 Reserves | XXXX | Investment | Refinance | Cash Out - Other | 6338545 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118437 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Undiscounted Rate is Missing | Resolved-Received lock agreement. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Provide Undiscounted Rate. Discount Point Fee is present on final CD. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Received lock agreement. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5848373 | N/A | N/A |
| XXXX | XXXX | 4350118449 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-Requested Business Purpose Affidavit Disclosure 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. See attached - 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. Provide notarized signed Business Purpose Affidavit. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Requested Business Purpose Affidavit Disclosure 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>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Other | 5912946 | N/A | N/A |
| XXXX | XXXX | 4350118449 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-Received Flood cert confirming None in the XXXX Map Number and the XXXX Community Number. Determination shows property is not located in a flood zone. Resolved. - Due Diligence Vendor-XXXX <br>Resolved-Flood Certificate is fully present - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX <br>Open-Flood Certificate is Partially Provided Flood Certificate in file shows XXXX Map Number or Community-Panel Number, Flood Zone, XXXX Community Number shows as NON & XXXX Map Panel shows Blank. Need updated Flood Cert. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX<br>| Resolved-Received Flood cert confirming None in the XXXX Map Number and the XXXX Community Number. Determination shows property is not located in a flood zone. Resolved. - Due Diligence Vendor-XXXX <br>Resolved-Flood Certificate is fully present - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Other | 5913700 | N/A | N/A |
| XXXX | XXXX | 4350118449 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Evidence of Rate Lock Missing from file. - Due Diligence Vendor-XXXX |  | Resolved-Evidence of Rate Lock Missing from file. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Investment | Refinance | Cash Out - Other | 5914073 | N/A | N/A |
| XXXX | XXXX | 4350118439 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Borrower | Discrepancy between 1008 Page Qualifying FICO and actual Qualifying FICO | Resolved-Resolved. 1008 acknowledges 717 score for Exception comment. - Due Diligence Vendor-XXXX <br>Resolved-Received 1008 with comments acknowledging a 717 score. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br>Open-Qualifying FICO on the 1008 Page is '700' or blank, but the Qualifying FICO from the Credit Liabilities Page is '717' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. Provide updated 1008 verifying credit score. The Qualifying FICO score listed on the 1008 Page is 700; however, the audited Qualifying FICO score, based on the Primary Wage Earner is 717. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Resolved. 1008 acknowledges 717 score for Exception comment. - Due Diligence Vendor-XXXX <br>Resolved-Received 1008 with comments acknowledging a 717 score. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5954246 | N/A | N/A |
| XXXX | XXXX | 4350118439 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Ready for Review-Resolved. Initial CD provided. - Due Diligence Vendor-XXXX <br> Ready for Review-The borrower did not shop, they used the provider the LO suggested to them, we treated these increases as subject to the 10% tolerance as non-valid changes. - Seller-XXXX <br> Counter-Provide COC for the Title-Sales Tax added to CD XXXX in the amount of $XXXX. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. see attached - Seller-XXXX <br> Counter-Initial CD is not attached. The document did not upload Please upload again. - Due Diligence Vendor-XXXX <br> Ready for Review-See attached - Seller-XXXX <br> Open-TRID: Missing Closing Disclosure Provide Initial Closing Disclosure (CD). Initial CD is required to run the XXXX compliance check. - Due Diligence Vendor-XXXX | Ready for Review-The borrower did not shop, they used the provider the LO suggested to them, we treated these increases as subject to the 10% tolerance as non-valid changes. - Seller-XXXX <br>Ready for Review-Document Uploaded. see attached - Seller-XXXX <br>Ready for Review-See attached - Seller-XXXX<br>|  | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5954572 | N/A | N/A |
| XXXX | XXXX | 4350118439 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg# 386 and the Final Closing disclosure on Pg#' 188 reflects escrows. Rate lock date was entered correctly – see Findings XXXX. An interior and exterior appraisal was completed for this property – see Pg#40, the appraisal disclosure was provided to the borrower(s)- see Pg# 524 and copy of the appraisal was given to the borrower – see Pg#179 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br>Open-Borrower is Escrowing, escrow disclosures and loan information is on Pg# 386 and the Final Closing disclosure on Pg#' 188 reflects escrows. Rate lock date was entered correctly – see Findings XXXX. An interior and exterior appraisal was completed for this property – see Pg#40, the appraisal disclosure was provided to the borrower(s)- see Pg# 524 and copy of the appraisal was given to the borrower – see Pg#179 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg# 386 and the Final Closing disclosure on Pg#' 188 reflects escrows. Rate lock date was entered correctly – see Findings XXXX. An interior and exterior appraisal was completed for this property – see Pg#40, the appraisal disclosure was provided to the borrower(s)- see Pg# 179 and copy of the appraisal was given to the borrower – see Pg#179 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br>Open-The loan's (8.484%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(12 CFR 1026.35(a)(1)(i)) - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg# 386 and the Final Closing disclosure on Pg#' 188 reflects escrows. Rate lock date was entered correctly – see Findings XXXX. An interior and exterior appraisal was completed for this property – see Pg#40, the appraisal disclosure was provided to the borrower(s)- see Pg# 179 and copy of the appraisal was given to the borrower – see Pg#179 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br>Open-The loan's (8.488%) APR equals or exceeds the Federal HPML threshold of (7.81%). 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 (6.31%).(12 CFR 1026.35(a)(1)(i)) - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg# 386 and the Final Closing disclosure on Pg#' 188 reflects escrows. Rate lock date was entered correctly – see Findings XXXX. An interior and exterior appraisal was completed for this property – see Pg#40, the appraisal disclosure was provided to the borrower(s)- see Pg# 524 and copy of the appraisal was given to the borrower – see Pg#179 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br>Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg# 386 and the Final Closing disclosure on Pg#' 188 reflects escrows. Rate lock date was entered correctly – see Findings XXXX. An interior and exterior appraisal was completed for this property – see Pg#40, the appraisal disclosure was provided to the borrower(s)- see Pg# 179 and copy of the appraisal was given to the borrower – see Pg#179 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX <br>Resolved-Borrower is Escrowing, escrow disclosures and loan information is on Pg# 386 and the Final Closing disclosure on Pg#' 188 reflects escrows. Rate lock date was entered correctly – see Findings XXXX. An interior and exterior appraisal was completed for this property – see Pg#40, the appraisal disclosure was provided to the borrower(s)- see Pg# 179 and copy of the appraisal was given to the borrower – see Pg#179 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 6049822 | N/A | N/A |
| XXXX | XXXX | 4350118439 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Doc Issue | Missing letter of explanation | Resolved-Received compensating factors, Resolved: Audited CLTV of 90% exceeds Guideline CLTV of 80% Exception provided on page #407. Requested for Alt Doc 90% LTV with 717 score (min score 760 required)<br> - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. I don't know about an updated form, they did the approval at the bottom with only the 2 compensating factors selected;; one the comp factors selected, 4 more months reserves, that was incorrect;; however, in addition to employed same place over 3 years, I attached 2 more comp factors. 1 - housing payment history 0 x 30 x 24. 2 - verified residual income over $XXXX/mo. So there are 3 comp factors verified. - Seller-XXXX <br> Open-Provide updated Exception review form. 3 compensating factors were not provided. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. I don't know about an updated form, they did the approval at the bottom with only the 2 compensating factors selected;; one the comp factors selected, 4 more months reserves, that was incorrect;; however, in addition to employed same place over 3 years, I attached 2 more comp factors. 1 - housing payment history 0 x 30 x 24. 2 - verified residual income over $XXXX/mo. So there are 3 comp factors verified. - Seller-XXXX | Resolved-Received compensating factors, Resolved: Audited CLTV of 90% exceeds Guideline CLTV of 80% Exception provided on page #407. Requested for Alt Doc 90% LTV with 717 score (min score 760 required)<br> - Due Diligence Vendor-XXXX<br>| XXXX |  | Borrower employed same place over 3 years<br> Housing payment history 0 x 30 x 24.<br> Verified residual income over $XXXX/month | XXXX | Primary Residence | Purchase | NA | 5994852 | N/A | N/A |
| XXXX | XXXX | 4350118439 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Requested Lock Confirmation provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-Evidence of Rate Lock Missing Provide Rate Lock. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Requested Lock Confirmation provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 5954498 | N/A | N/A |
| XXXX | XXXX | 4350118439 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV of 90% exceeds Guideline LTV of 80% Exception provided on page #407. Requested for Alt Doc 90% LTV with 717 score (min score 760 required). - Due Diligence Vendor-XXXX |  | Waived-Audited LTV of 90% exceeds Guideline LTV of 80% Exception provided on page #407. Requested for Alt Doc 90% LTV with 717 score (min score 760 required). - Due Diligence Vendor-XXXX<br>|  |  | B2 self-employed with same business for 4.5 years.<br> Borrower Housing History is 0X30, 38 months. Housing History required per guidelines is 0X30, 12 months. | XXXX | Primary Residence | Purchase | NA | 5954397 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118439 | XXXX | XXXX | XXXX | 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 provided on page #407. Exception requested for DTI over 45% with a non-occ co-borrower included on file (46.19%). - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception provided on page #407. Exception requested for DTI over 45% with a non-occ co-borrower included on file (46.19%). - Due Diligence Vendor-XXXX<br>|  |  | B2 self-employed with same business for 4.5 years.<br> Borrower Housing History is 0X30, 38 months. Housing History required per guidelines is 0X30, 12 months. | XXXX | Primary Residence | Purchase | NA | 5954611 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118452 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Received CDA. 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. - 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. CU is greater than 2.5. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Received CDA. Resolved - Due Diligence Vendor-XXXX <br>Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6027646 | N/A | N/A |
| XXXX | XXXX | 4350118452 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Missing subject rental income documentation | Resolved-Received XXXX short term rent analysis. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-Provide XXXX Short Term Rental documentation used to qualify. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Received XXXX short term rent analysis. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 5987128 | N/A | N/A |
| XXXX | XXXX | 4350118438 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-Requested Replacement cost provided, updated & condition 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 Amount of $XXXX is less than Required Coverage Amount of $XXXX and Replacement document missing from file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Requested Replacement cost provided, updated & condition 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 | XXXX |  |  | XXXX | Investment | Purchase | NA | 6031632 | N/A | N/A |
| XXXX | XXXX | 4350118428 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-Business Purpose & Occupancy Affidavit provided. Resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Counter-Guidelines specifically state Business Purpose & Occupancy Affidavit document is required. Occupancy Statement provided is not Business Purpose & Occupancy Affidavit. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - 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. Notarized Business Purpose & Occupancy Affidavit is missing. . - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Business Purpose & Occupancy Affidavit provided. Resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | Cash Out - Other | 6049743 | N/A | N/A |
| XXXX | XXXX | 4350118423 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | DSCR unknown | Resolved-Resolved. Corrected DSCR Worksheet provided which includes PUD Fees. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br> Counter-DSCR Worksheet provided does not include HOA/PUD Fee in the amount of $XXXX monthly provided in HOA Monthly Fee Statement condition. Corrected DSCR Worksheet or UW Exception for excluding PUD fee from DSCR calculation required. - Due Diligence Vendor-XXXX <br> Ready for Review-DSCR Worksheet provided does not include HOA/PUD Fee in the amount of $XXXX monthly provided in HOA Monthly Fee Statement condition. Corrected DSCR Worksheet or UW Exception for excluding PUD fee from DSCR calculation required. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. See attached - Seller-XXXX <br> Counter-Provided DSCR Worksheet does not include PUD/HOA monthly fee in the amount of $XXXX monthly. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. See attached - Seller-XXXX <br> Open-DSCR Calculation does not include annual HOA/PUD assessment of $XXXX or $XXXX per month. Updated DSCR worksheet required. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Resolved. Corrected DSCR Worksheet provided which includes PUD Fees. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6151825 | N/A | N/A |
| XXXX | XXXX | 4350118423 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing HOA Fee Statement | Resolved-Resolved. HOA/PUD documentation provided. $XXXX annual fee added to DSCR Calculation. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. See attached - Seller-XXXX <br> Open-Latest HOA Fee Assessment not provided required for PITIA calculation Subject Property is a PUD. Latest HOA Fee information not provided. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Resolved. HOA/PUD documentation provided. $XXXX annual fee added to DSCR Calculation. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Investment | Purchase | NA | 6113330 | N/A | N/A |
| XXXX | XXXX | 4350118423 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Missing subject rental income documentation | Resolved-Requested STR Docs provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br>Open-Short-Term Rental documentation is missing from file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Requested STR Docs provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6062947 | N/A | N/A |
| XXXX | XXXX | 4350118423 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception on page#568,173<br> Borrower Rent current Primary Residence and purchasing Investment property. - Due Diligence Vendor-XXXX |  | Waived-Exception on page#568,173<br> Borrower Rent current Primary Residence and purchasing Investment property. - Due Diligence Vendor-XXXX<br>|  |  | DSCR is 1.645. Minimum required per guidelines is 0.75.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 60 months. Housing History required per guidelines is 0X30, 12 months. | XXXX | Investment | Purchase | NA | 6062774 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118432 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Requested free & clear LOX is already present in file on page #269, updated & condition resolved. - Due Diligence Vendor-XXXX <br> Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. See attached - Seller-XXXX <br> Open-Housing History Does Not Meet Guideline Requirements The borrower has been renting for the past 9 months, with a VOR available on page #739. However, housing history for the previous address at XXXX is missing. A VOM is required to complete the 12-month housing history, or alternatively, a free and clear LOX must be provided. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Requested free & clear LOX is already present in file on page #269, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6070575 | N/A | N/A |
| XXXX | XXXX | 4350118432 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (8.427%) APR equals or exceeds the Federal HPML threshold of (8.13%). 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 (6.63%).(12 CFR 1026.35(a)(1)(i)) 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 400 and the Final Closing disclosure on Pg 217, Finding reflects escrows. Rate lock date was entered correctly – see Pg 212 An interior and exterior appraisal was completed for this property – see pg 28, the appraisal disclosure was provided to the borrower(s)- see Pg 600 and confirmation the appraisal was delivered to the borrower – see Pg 69. This 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 <br>Open-The loan's (8.427%) APR equals or exceeds the Federal HPML threshold of (7.79%). 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 (6.29%).(12 CFR 1026.35(a)(1)(i)) - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX <br>Rescinded-The loan's (8.427%) APR equals or exceeds the Federal HPML threshold of (8.13%). 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 (6.63%).(12 CFR 1026.35(a)(1)(i)) 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 400 and the Final Closing disclosure on Pg 217, Finding reflects escrows. Rate lock date was entered correctly – see Pg 212 An interior and exterior appraisal was completed for this property – see pg 28, the appraisal disclosure was provided to the borrower(s)- see Pg 600 and confirmation the appraisal was delivered to the borrower – see Pg 69. This 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 <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-The loan's (8.427%) APR equals or exceeds the Federal HPML threshold of (8.13%). 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 (6.63%).(12 CFR 1026.35(a)(1)(i)) 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 400 and the Final Closing disclosure on Pg 217, Finding reflects escrows. Rate lock date was entered correctly – see Pg 212 An interior and exterior appraisal was completed for this property – see pg 28, the appraisal disclosure was provided to the borrower(s)- see Pg 600 and confirmation the appraisal was delivered to the borrower – see Pg 69. This loan meets HPML Guidelines. - Due Diligence Vendor-XXXX <br>Rescinded-The loan's (8.427%) APR equals or exceeds the Federal HPML threshold of (8.13%). 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 (6.63%).(12 CFR 1026.35(a)(1)(i)) 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 400 and the Final Closing disclosure on Pg 217, Finding reflects escrows. Rate lock date was entered correctly – see Pg 212 An interior and exterior appraisal was completed for this property – see pg 28, the appraisal disclosure was provided to the borrower(s)- see Pg 600 and confirmation the appraisal was delivered to the borrower – see Pg 69. This loan meets HPML Guidelines. - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 6072592 | N/A | N/A |
| XXXX | XXXX | 4350118432 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | TRID | Federal - Closing Disclosure and Consummation Date | Resolved-Resolved. Initial CD XXXX provided. - Due Diligence Vendor-XXXX <br> Resolved- - Due Diligence Vendor-XXXX <br> Resolved- - 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-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)) The Initial Closing Disclosure was received on XXXX, which is not at least three business days before the consummation date of XXXX Under Regulation Z, the consumer must receive the initial Closing Disclosure reflecting the actual terms no later than three business days before consummation. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Resolved. Initial CD XXXX provided. - Due Diligence Vendor-XXXX <br>Resolved- - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6072598 | N/A | N/A |
| XXXX | XXXX | 4350118432 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Requested Deed of Trust document 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 Deed of Trust is missing from file. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Requested Deed of Trust document provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6067022 | N/A | N/A |
| XXXX | XXXX | 4350118432 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Missing verbal verification of employment | Resolved-Requested 3rd Party VOE for B2 is already present in file on page #419, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br>Open-Borrower 2's VOE on page #734 does not cover the 10 business days prior to the closing date. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Requested 3rd Party VOE for B2 is already present in file on page #419, updated & condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6073692 | N/A | N/A |
| XXXX | XXXX | 4350118433 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Manager reviewed the documentation and it shows the borrower has been working for 2.5 years and there is no alternate way to document the starting date. Documentation is considered sufficient to document the required employment. - Due Diligence Vendor-XXXX <br>Counter-Borrower Printouts on page 312 and 313 for verifying currently active as XXXX and XXXX XXXX have no dates or source of printout. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide 3rd party VOE prior to close. URL is needed for on-line printouts in addition to showing the date.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Manager reviewed the documentation and it shows the borrower has been working for XXXX years and there is no alternate way to document the starting date. Documentation is considered sufficient to document the required employment. - Due Diligence Vendor-XXXX | XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6189693 | N/A | N/A |
| XXXX | XXXX | 4350118433 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX <br>Open-Evidence of Rate Lock Missing Provide evidence of Rate Lock. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX<br>| Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6182001 | N/A | N/A |
| XXXX | XXXX | 4350118433 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Payment shock exceeds guideline | Waived-Exception provided on page #324. Requested for Payment shock exceeds 150% for FTHB - payment shock is 155%. - Due Diligence Vendor-XXXX |  | Waived-Exception provided on page #324. Requested for Payment shock exceeds 150% for FTHB - payment shock is 155%. - Due Diligence Vendor-XXXX<br>|  |  | LTV is 55%. Maximum allowed per guidelines is 90%.<br> Credit Score is 767. Minimum required per guidelines is 680.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. | XXXX | Primary Residence | Purchase | NA | 6182022 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118450 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Credit | Missing subject rental income documentation | Resolved-Requested Short term rental documents from XXXX provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br> Open-Provide Short term rental documents from XXXX with annual rent $XXXX /12 months = $XXXX per month. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-Requested Short term rental documents from XXXX provided, updated & condition resolved. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6220241 | N/A | N/A |
| XXXX | XXXX | 4350118436 | XXXX | XXXX | XXXX | 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#382<br> UW Exception for seasoning guideline requirement for Cash out Refinance. Borrower does not have 6 months on property. QCD XXXX to Borrower LLC. Parcel was subdivided in XXXX and each home is now on its own parcel. Cash-out proceeds from XXXX loans XXXX will pay off the loan with XXXX Bank and total net cash back will be approximately $XXXX - Due Diligence Vendor-XXXX |  | Waived-Loan does not conform to program guidelines Exception on page#382<br> UW Exception for seasoning guideline requirement for Cash out Refinance. Borrower does not have 6 months on property. XXXX XXXX to XXXX. Parcel was subdivided in XXXX and each home is now on its own parcel. Cash-out proceeds from XXXX loans XXXX will pay off the loan with XXXX Bank and total net cash back will be approximately $XXXX - Due Diligence Vendor-XXXX |  |  | Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 12 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history. | XXXX | Investment | Refinance | Cash Out - Other | 6234610 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118424 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Received Lease assignment. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-Provide lease agreement with terms. Per Title, property is in a Leasehold Estate. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Received Lease assignment. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6275334 | N/A | N/A |
| XXXX | XXXX | 4350118447 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Updated DOT provided. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-The Deed of Trust is Missing Provide fully executed Deed of Trust - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Updated DOT provided. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6235119 | N/A | N/A |
| XXXX | XXXX | 4350118444 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. 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<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 6277111 | N/A | N/A |
| XXXX | XXXX | 4350118445 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. 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<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 6291079 | N/A | N/A |
| XXXX | XXXX | 4350118445 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV Requirements | Waived-Audited CLTV of 80% exceeds Guideline CLTV of 75% We have exception in file on page #601 for "80% LTV for investment property, credit score below 720". - Due Diligence Vendor-XXXX |  | Waived-Audited CLTV of 80% exceeds Guideline CLTV of 75% We have exception in file on page #601 for "80% LTV for investment property, credit score below 720". - Due Diligence Vendor-XXXX<br>|  |  | Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> DTI is 21.02%. Maximum allowed per guidelines is 50%.<br> Borrower Housing History is 0X30, XXXX months. Housing History required per guidelines is 0X30, 12 months. | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 6264947 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118442 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX <br>Rescinded-Audited LTV of 90% exceeds Guideline LTV of 85% - Due Diligence Vendor-XXXX |  | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX <br>Rescinded-Audited LTV of 90% exceeds Guideline LTV of 85% - Due Diligence Vendor-XXXX<br>|  |  | DTI is 7.36%. Maximum allowed per guidelines is 50%.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Years in Industry is 5 Years, Required is 2 Years. | XXXX | Primary Residence | Purchase | NA | 6267178 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118442 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Compliance | Tolerance:FinanceCharge | Federal - Finance Charge Disclosure Tolerance (Closed End) | Resolved-Resolved - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. Can you please tell us what fees you are including in the APR. Attached is our fee details sheet showing what was an APR fee. - Seller-XXXX <br> Open-The disclosed finance charge ($XXXX) below the actual finance charge($XXXX). The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $XXXX below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) Disclosed finance charge ($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. - Due Diligence Vendor-XXXX <br> Open- - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Can you please tell us what fees you are including in the APR. Attached is our fee details sheet showing what was an APR fee. - Seller-XXXX<br>| Resolved-Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6317311 | N/A | N/A |
| XXXX | XXXX | 4350118442 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | 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<br>|  | XXXX |  | Received Business Narrative. | XXXX | Primary Residence | Purchase | NA | 6288004 | N/A | N/A |
| XXXX | XXXX | 4350118442 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Requested Initial CD provided, updated & condition resolved.<br> - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-TRID: Missing Closing Disclosure Provide Initial Closing Disclosure.<br> - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Requested Initial CD provided, updated & condition resolved.<br> - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6267403 | N/A | N/A |
| XXXX | XXXX | 4350118442 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Requested XXXX Month rent receipt provided which completes 12 Months of rent receipts, updated & condition resolved. - Due Diligence Vendor-XXXX <br> Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. see attached - Seller-XXXX <br> Open-Housing History Does Not Meet Guideline Requirements Provide rent receipt for the month of XXXX. Borrower rented her Primary for XXXX of rent receipts. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. see attached - Seller-XXXX<br>| Resolved-Requested XXXX Month rent receipt provided which completes 12 Months of rent receipts, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6267004 | N/A | N/A |
| XXXX | XXXX | 4350118435 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-Provide Business Narrative for both borrowers. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Second Home | Refinance | No Cash Out - Borrower Initiated | 6293827 | N/A | N/A |
| XXXX | XXXX | 4350118448 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Credit | DSCR is less than 1.00 | Waived-We have exception in file on page #333 for First time investor and DSCR ratio at .80 - requesting to keep LTV at 75% allowed for first time investor despite the current DSCR level. - Due Diligence Vendor-XXXX |  | Waived-We have exception in file on page #333 for First time investor and DSCR ratio at .80 - requesting to keep LTV at 75% allowed for first time investor despite the current DSCR level. - Due Diligence Vendor-XXXX<br>|  |  | Credit Score is 771. Minimum required per guidelines is 720.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> Borrower Housing History is 0X30, 51 months. Housing History required per guidelines is 0X30, 12 months. | XXXX | Investment | Purchase | NA | 6264696 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118429 | XXXX | XXXX | XXXX | 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 income calculator. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-Requested Asset Depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX <br>Resolved-Validation Resolved' - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6262864 | N/A | N/A |
| XXXX | XXXX | 4350118440 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Received VOE. Resolved - 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 Borrower 2, 3rd Party VOE. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. see attached - Seller-XXXX<br>| Resolved-Received VOE. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6264750 | N/A | N/A |
| XXXX | XXXX | 4350118440 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. 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<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6288362 | N/A | N/A |
| XXXX | XXXX | 4350118440 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-3rd party VOE doc provided. Resolved - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. See attached - Seller-XXXX <br>Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide Borrower 1, 3rd Party VOE. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. See attached - Seller-XXXX<br>| Resolved-3rd party VOE doc provided. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6264749 | N/A | N/A |
| XXXX | XXXX | 4350118440 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Eligibility | Condo project is ineligible | Waived-Exception provided on page #959. Requested Condo exception - the project has outstanding critical repairs. The south building is underway for major concrete repairs and rehabilitation project. Repairs are not complete as this is an ongoing project. The ETA for completion is XXXX. As a result of the repairs, the south building will be closed with no occupancy from XXXX XXXX XXXX. Subject unit is NOT affected by the south building closure with the exception that the indoor pool is closed and not XXXX and currently the boardwalk to the beach is closed to XXXX onto the beach located at the east side of the property. Full project cost=$XXXX. Project is funded/being funded by three special assessments, building repairs, insurance, and a planned special assessment for additional building repairs. The first Special Assessment in place for building repairs equals $XXXX. The planned Special Assessment is due XXXX for additional building repairs equals $XXXX. Special assessment delinquency is only at 3%<br> (our unit has paid in full). The latest update from the HOA was that this project is set for completion in XXXX XXXX. - Due Diligence Vendor-XXXX |  | Waived-Exception provided on page #959. Requested Condo exception - the project has outstanding critical repairs. The south building is underway for major concrete repairs and rehabilitation project. Repairs are not complete as this is an ongoing project. The ETA for completion is XXXX As a result of the repairs, the south building will be closed with no occupancy from XXXX XXXX XXXX. Subject unit is NOT affected by the south building closure with the exception that the indoor pool is closed and not XXXX and currently the boardwalk to the beach is closed to XXXX onto the beach located at the east side of the property. Full project cost=$XXXX. Project is funded/being funded by three special assessments, building repairs, insurance, and a planned special assessment for additional building repairs. The first Special Assessment in place for building repairs equals $XXXX. The planned Special Assessment is due XXXX for additional building repairs equals $XXXX. Special assessment delinquency is only at 3%<br> (our unit has paid in full). The latest update from the HOA was that this project is set for completion in XXXX XXXX. - Due Diligence Vendor-XXXX |  |  | DTI is 36.57%. Maximum allowed per guidelines is 45%<br> Credit Score is 796. Minimum required per guidelines is 740.<br> Borrower(s) have XXXX 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 | 6268633 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118441 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material 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-Audited FICO of 677 is less than Guideline FICO of 700 Exception provided on page #392. Exception to go to 75% LTV on rate/term refi with credit score under 700 - Due Diligence Vendor-XXXX |  | Waived-Client elects to waive with the following compensating factors - Due Diligence Vendor-XXXX<br>|  |  | Borrower Housing History is 0X30, 12 months. Housing History required per guidelines is 0X30, 12 months.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months.<br> DSCR is 1.21. Minimum required per guidelines is 0.75. | XXXX | Investment | Delayed Purchase | Cash Out - Other | 6263647 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118426 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Assets | Asset 5 Does Not Meet Guideline Requirements | Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Counter-Received Gift letter. Still need proof of the wire being received in the amount of $XXXX. Countered - Due Diligence Vendor-XXXX <br> Ready for Review-Document Uploaded. - Seller-XXXX <br> Open-Asset 5 Does Not Meet Guideline Requirements Provide wire transfer proof or check deposit for Gift in the amount of $XXXX - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX<br>| Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6283541 | N/A | N/A |
| XXXX | XXXX | 4350118427 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material C B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client elects to waive with following compensating factors: - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Counter-Approved exception form not provided. - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX <br>Open-Audited LTV of 80% exceeds Guideline LTV of 75% Provide completed loan exception approval form. - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. - Seller-XXXX <br>Ready for Review-Document Uploaded. - Seller-XXXX<br>| Waived-Client elects to waive with following compensating factors: - Due Diligence Vendor-XXXX<br>| XXXX |  | Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 9 months.<br> DTI is 43.58%. Maximum allowed per guidelines is 50%<br> Borrower has been in business and his company has been in place for over 40-years<br> Credit Score is 756. Minimum required per guidelines is 700. | XXXX | Primary Residence | Refinance | Cash Out - Other | 6263868 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118427 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative provided. - 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<br>| Resolved-Business Narrative provided. - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 6304325 | N/A | N/A |
| XXXX | XXXX | 4350118431 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Credit | Credit | No subordinate financing permitted | Waived-We have exception in file on page #463 for "Exception to allow subordinate financing on DSCR loan. Borrower received grant from City that is forgivable over 5 years to help improve distressed properties in the area. New loan of 59% LTV but with grant reaches the 75% CLTV cap.", Recommends waiving. - Due Diligence Vendor-XXXX |  | Waived-We have exception in file on page #463 for "Exception to allow subordinate financing on DSCR loan. Borrower received grant from City that is forgivable over 5 years to help improve distressed properties in the area. New loan of 59% LTV but with grant reaches the 75% CLTV cap.", Recommends waiving. - Due Diligence Vendor-XXXX<br>|  |  | DSCR is 1.68%. Minimum required per guidelines is 1%.<br> LTV is 58.21%. Maximum allowed per guidelines is 75%.<br> Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 6316236 | Originator Pre-Close | Yes |
| XXXX | XXXX | 4350118446 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Homeowners Association Questionnaire | Resolved-LOX provided Stating Subject property is Approved by XXXX. Questionnaire not required. Hence Resolved. - Due Diligence Vendor-XXXX <br>Resolved-HOA Questionnaire is Missing or Partial. LOX provided Stating Subject property is Approved by XXXX. Questionnaire not required. Hence Resolved.<br> - Due Diligence Vendor-XXXX <br>Ready for Review-Document Uploaded. Please see attached - Seller-XXXX <br>Open-HOA Questionnaire is Missing or Partial. Provide Condo Questionnaire - Due Diligence Vendor-XXXX | Ready for Review-Document Uploaded. Please see attached - Seller-XXXX<br>| Resolved-LOX provided Stating Subject property is Approved by XXXX. Questionnaire not required. Hence Resolved. - Due Diligence Vendor-XXXX <br>Resolved-HOA Questionnaire is Missing or Partial. LOX provided Stating Subject property is Approved by XXXX. Questionnaire not required. Hence Resolved.<br> - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Investment | Purchase | NA | 6330142 | N/A | N/A |
| XXXX | XXXX | 4350118443 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information C A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Housing History Meets Guideline Requirements. Borrower only owns the subject property. The subject property is free and clear as per HOI in file. - Due Diligence Vendor-XXXX <br> Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX <br> Ready for Review-Good morning,<br>There isn't a VOM or VOR because the borrower was living at the subject property for over XXXX years and the title shows that the subject was free and clear. Title shows there are no tax liens and so does the credit report show no tax liens. HOI shows paid too. <br>Borrower only owns the subject property. The subject property is free and clear, which is proven by the title. Taxes and insurance are paid on time according to the tax docs and HOI docs in file. The borrower has lived at the subject for over XXXX yrs. No VOM or VOR needed.<br> - Seller-XXXX <br> Open-Housing History Does Not Meet Guideline Requirements The borrower has been living in their own home for the past 2 years; however, the housing history is missing from the file. Provide A VOM or evidence of the property being free and clear is required to confirm a minimum 12-month housing history. - Due Diligence Vendor-XXXX | Ready for Review-Good morning,<br>There isn't a VOM or VOR because the borrower was living at the subject property for XXXX 2 years and the title shows that the subject was free and clear. Title shows there are no tax liens and so does the credit report show no tax liens. HOI shows paid too. <br>Borrower only owns the subject property. The subject property is free and clear, which is proven by the title. Taxes and insurance are paid on time according to the tax docs and HOI docs in file. The borrower has lived at the subject for over XXXX yrs. No VOM or VOR needed.<br> - Seller-XXXX | Resolved-Housing History Meets Guideline Requirements. Borrower only owns the subject property. The subject property is free and clear as per HOI in file. - Due Diligence Vendor-XXXX <br>Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Refinance | Cash Out - Other | 6335833 | N/A | N/A |
| XXXX | XXXX | 4350118434 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information D A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. 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<br>| Resolved-Received Business Narrative. Resolved - Due Diligence Vendor-XXXX<br>| XXXX |  |  | XXXX | Primary Residence | Purchase | NA | 6323391 | N/A | N/A |
| XXXX | XXXX | 4350118434 | XXXX | XXXX | XXXX | XXXX | XXXX | Waived | 2 - Non-Material B | Compliance | HigherPriced:APR | XXXX - Rate Spread Home Loan (First Lien 10/13)(Conforming) | Waived-The loan's (7.712%) APR equals or exceeds the XXXX Rate Spread Home Loan first lien conforming loan threshold of (7.67%). 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 closed end loan secured by a 1-4 unit dwelling is (6.17%).(XXXX Gen. Stat. 24-1.1F(a1); 15 USC 1639c(c)(1)(B)(ii); 12 CFR 1026.35(a)(1)(i)) This is State specific finding- The loan's APR of 7.712% equals or exceeds the XXXX Rate Spread Home Loan threshold for a first-lien conforming loan, which is 7.67%. This threshold is calculated by adding 1.5 percentage points to the comparable Average Prime Offer Rate (APOR) index on the last date the interest rate is set before consummation. For this closed-end loan secured by a 1–4 unit dwelling, the comparable APOR is 6.17%. - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Waived-The loan's (7.712%) APR equals or exceeds the XXXX Rate Spread Home Loan first lien conforming loan threshold of (7.67%). 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 closed end loan secured by a 1-4 unit dwelling is (6.17%).(XXXX Gen. Stat. 24-1.1F(a1); 15 USC 1639c(c)(1)(B)(ii); 12 CFR 1026.35(a)(1)(i)) This is State specific finding- The loan's APR of 7.712% equals or exceeds the XXXX Rate Spread Home Loan threshold for a first-lien conforming loan, which is 7.67%. This threshold is calculated by adding 1.5 percentage points to the comparable Average Prime Offer Rate (APOR) index on the last date the interest rate is set before consummation. For this closed-end loan secured by a 1–4 unit dwelling, the comparable APOR is 6.17%. - Due Diligence Vendor-XXXX<br>|  |  | XXXX Rate Spread does not have assignee liability, per counsel finding waived. | XXXX | Primary Residence | Purchase | NA | 6316474 | Originator Pre-Close | No |
| XXXX | XXXX | 4350118434 | XXXX | XXXX | XXXX | XXXX | XXXX | Resolved | 1 - Information A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan's (7.712%) APR equals or exceeds the Federal HPML threshold of (7.67%). 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 (6.17%).(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 page 295 and the Final Closing disclosure on page 119 reflects escrows. Rate lock date was entered correctly – see page 114. An interior and exterior appraisal was completed for this property – see page 37-43, the appraisal disclosure was provided to the borrower(s)- see page 306 and copy of the appraisal was given to the borrower – see page 27 - Due Diligence Vendor-XXXX <br>Open- - Due Diligence Vendor-XXXX |  | Resolved-The loan's (7.712%) APR equals or exceeds the Federal HPML threshold of (7.67%). 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 (6.17%).(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 page 295 and the Final Closing disclosure on page 119 reflects escrows. Rate lock date was entered correctly – see page 114. An interior and exterior appraisal was completed for this property – see page 37-43, the appraisal disclosure was provided to the borrower(s)- see page 306 and copy of the appraisal was given to the borrower – see page 27 - Due Diligence Vendor-XXXX<br>|  |  |  | XXXX | Primary Residence | Purchase | NA | 6316473 | N/A | N/A |

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## Exhibit 99.44

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.44**

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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 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** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score Date** |
| XXXX | 4350118368 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 73.51 | 73.51 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1.3 | XXXX |
| XXXX | 4350118370 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118350 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 58.93 | 58.93 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1.6 | XXXX |
| XXXX | 4350118414 | 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 | 2.4 | XXXX |
| XXXX | 4350118374 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 5 | XXXX |
| XXXX | 4350118384 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118367 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 60.44 | 60.44 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1.9 | XXXX |
| XXXX | 4350118391 | 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 | 1 | XXXX |
| XXXX | 4350118382 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 48.54 | 48.54 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118362 | 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 | 1 | XXXX |
| XXXX | 4350118353 | 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 | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118354 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 41.7 | 41.7 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118393 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118355 | 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 | 1.9 | XXXX |
| XXXX | 4350118387 | 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 | 1.8 | XXXX |
| XXXX | 4350118390 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 2.7 | XXXX |
| XXXX | 4350118359 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 36.88 | 36.88 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118365 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 33.33 | 33.33 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118352 | 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 | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118357 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118356 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 51.1 | 51.1 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118375 | 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 | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118369 | 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 | 1 | XXXX |
| XXXX | 4350118403 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Loan Collateral Advisor (LCA) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 1.5 | XXXX |  | XXXX |
| XXXX | 4350118402 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 85 | 85 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118401 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 39.01 | 39.01 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 2 | XXXX |
| XXXX | 4350118392 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70.49 | 70.49 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 4.4 | XXXX |
| XXXX | 4350118363 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 74.33 | 74.33 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118380 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 79.63 | 79.63 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1.9 | XXXX |
| XXXX | 4350118386 | 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 | 1 | XXXX |
| XXXX | 4350118394 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 46.35 | 46.35 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118371 | 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 | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118376 | 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 | 1.1 | XXXX |
| XXXX | 4350118407 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118364 | 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 | 1 | XXXX |
| XXXX | 4350118372 | 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 | 1.4 | XXXX |
| XXXX | 4350118361 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 2.5 | XXXX |
| XXXX | 4350118408 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 79.99 | 79.99 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118373 | 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 | 1.3 | XXXX |
| XXXX | 4350118385 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 2.3 | XXXX |
| XXXX | 4350118366 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | -0.026 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.026 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 2.6 | XXXX |
| XXXX | 4350118379 | 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 | 1.1 | XXXX |
| XXXX | 4350118360 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 48.12 | 48.12 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118383 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118381 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 4.4 | XXXX |
| XXXX | 4350118351 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 51.03 | 51.03 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 4.1 | XXXX |
| XXXX | 4350118378 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 53.09 | 53.09 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118358 | 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 | 1 | XXXX |
| XXXX | 4350118389 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 70 | 70 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118395 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 79.69 | 79.69 | XXXX | XXXX | -0.0156 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | -0.0156 | XXXX | Reasonable | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118405 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118410 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 73.6 | 73.6 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 2.4 | XXXX |
| XXXX | 4350118377 | 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 | 1 | XXXX |
| XXXX | 4350118419 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1.8 | XXXX |
| XXXX | 4350118388 | 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 | 1.3 | XXXX |
| XXXX | 4350118398 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 40.98 | 40.98 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Reasonable | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118418 | 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 | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118409 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118417 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 54.02 | 54.02 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118411 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118396 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Reasonable | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118399 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | REASONABLE | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118404 | 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 | 2.3 | XXXX |
| XXXX | 4350118400 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 85 | 85 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118406 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1.2 | XXXX |
| XXXX | 4350118422 | 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 | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118421 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118413 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118420 | 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 | 1.8 | XXXX |
| XXXX | 4350118412 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 10.42 | 10.42 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118415 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Loan Collateral Advisor (LCA) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  | 2.5 | XXXX Eligible |  | XXXX |
| XXXX | 4350118416 | 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 | 1 | XXXX |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | REASONABLE | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118437 | 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 | 1 | XXXX |
| XXXX | 4350118449 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 65 | 65 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 3.6 | XXXX |
| XXXX | 4350118425 | 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 | 1 | XXXX |
| XXXX | 4350118439 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118452 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 2.6 | XXXX |
| XXXX | 4350118438 | 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 | 1 | XXXX |
| XXXX | 4350118428 | 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 |  |  |  |  |  |  |  |  |  |  | 2 | XXXX Eligible | 1.2 | XXXX |
| XXXX | 4350118423 | 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 | 1 | XXXX |
| XXXX | 4350118432 | 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 | 1 | XXXX |
| XXXX | 4350118451 | 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 | 1.6 | XXXX |
| XXXX | 4350118433 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 54.34 | 54.34 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1 | XXXX |
| XXXX | 4350118450 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 2.6 | XXXX |
| XXXX | 4350118436 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 75 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118424 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 85 | 85 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118447 | 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 | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 0 | XXXX |
| XXXX | 4350118444 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 40.51 | 40.51 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1.9 | XXXX |
| XXXX | 4350118445 | 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 | 1 | XXXX |
| XXXX | 4350118442 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 90 | 90 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 1.3 | XXXX |
| XXXX | 4350118435 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 79.32 | 79.32 | XXXX | XXXX | 0 | Collateral Underwriter (CU) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX |  | XXXX |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX | 2.3 | XXXX |
| XXXX | 4350118448 | 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 | 1 | XXXX |
| XXXX | 4350118429 | 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 | 2 | XXXX |
| XXXX | 4350118440 | 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 | 2.5 | XXXX |
| XXXX | 4350118441 | 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 | 1 | XXXX |
| XXXX | 4350118426 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118427 | 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 | 1 | XXXX |
| XXXX | 4350118431 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1025 Small Residential Income Report | XXXX | XXXX | XXXX | 58.21 | 75 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118430 | 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 | 1 | XXXX |
| XXXX | 4350118446 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1073 Individual Condo Report | XXXX | XXXX | XXXX | 80 | 80 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118443 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | 47.17 | 47.17 | XXXX | XXXX | 0 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | 0 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXX |  | XXXX |
| XXXX | 4350118434 | 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 | 1.6 | XXXX |

---

## Exhibit 99.45

[COLT SECURITIZATION DEPOSITOR, LLC ABS-15G](colt12-abs15g.htm)

**Exhibit 99.45**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Deal ID** | **Seller Loan ID** | **Investor Loan ID** | **Transaction ID** | **Field Name** | **Source** | **Verified Value** | **Bid Tape Value** | **Comment** |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | Amortization Term | notePage | 360 | 480 | Confirmed Amortization Term is 360 |
| XXXX | 4350118378 | XXXX | XXXX | XXXX | Application Date | complianceDetailPage | XXXX | XXXX | Confirmed The Application Originator signed the initial 1003 on XXXX; however, the Initial Loan Estimate (LE) is dated XXXX, which matches the Borrower's signature date on the initial 1003. The application date source was selected as 'Date creditor received application,' which corresponds to XXXX and was used to perform the XXXX compliance review. |
| XXXX | 4350118448 | XXXX | XXXX | XXXX | Application Date | complianceDetailPage | XXXX | XXXX | Application date as per page #597 is XXXX |
| XXXX | 4350118405 | XXXX | XXXX | XXXX | B1 Verified Citizenship Designation | fraudReportPage | Permanent Non-US Citizen | Permanent Resident Alien | B1 Verified Citizenship Designation updated Correctly. |
| XXXX | 4350118437 | XXXX | XXXX | XXXX | Borrower 1 FTHB | the1003Page | true | false | Borrower is a FTHB, confirmed from 1003 Final. |
| XXXX | 4350118447 | XXXX | XXXX | XXXX | Borrower 1 FTHB | the1003Page | false | true | Updated as per Final 1003. |
| XXXX | 4350118442 | XXXX | XXXX | XXXX | Borrower 1 FTHB | the1003Page | true | false | B1 is FTHB, verified from loan application. |
| XXXX | 4350118374 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | True data captured incorrectly income updated as per Final 1003. |
| XXXX | 4350118384 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Borrower 1 Income from Employment Total is $XXXX. |
| XXXX | 4350118382 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Borrower 1 Income from Employment Total XXXX confirmed. |
| XXXX | 4350118354 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Discrepancy is due to the XXXX accounts. Income matches updated 1008. |
| XXXX | 4350118393 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Audited Data reflects B1 Income while Tape Data reflects B1 and B2 combined Income |
| XXXX | 4350118359 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Borrower 1 Income from Employment Total is $XXXX |
| XXXX | 4350118392 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Borrower 1 Income from Employment Total verified & updated not reflecting in True data. |
| XXXX | 4350118380 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Borrower 1 Income from Employment Total verified & updated but not reflecting incorrect in True data. |
| XXXX | 4350118371 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Confirmed Loan qualified with Borrower 2 income.  |
| XXXX | 4350118372 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | True data shows as $XXXX but 1003 tab updated as per Final 1003. |
| XXXX | 4350118379 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Borrower 1 Income from Non-Employment Total is $XXXX |
| XXXX | 4350118378 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Confirmed Borrower 1 Income from Employment Total is $XXXX<br>|
| XXXX | 4350118389 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Borrower 1 Income from Employment Total is $XXXX |
| XXXX | 4350118435 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Updated as per Final 1003. |
| XXXX | 4350118426 | XXXX | XXXX | XXXX | Borrower 1 Income from Employment Total | employmentIncomePage | XXXX | XXXX | Confirmed Borrower 1 Income from Employment Total $XXXX<br>|
| XXXX | 4350118385 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | Borrower 1 Last Name updated per Note. |
| XXXX | 4350118418 | XXXX | XXXX | XXXX | Borrower 1 Last Name | notePage | XXXX | XXXX | B1 Last name considered per final 1003. |
| XXXX | 4350118374 | XXXX | XXXX | XXXX | Borrower 1 Other Income | the1003Page | XXXX | XXXX | True data captured incorrectly income updated as per Final 1003. |
| XXXX | 4350118382 | XXXX | XXXX | XXXX | Borrower 1 Other Income | the1003Page | XXXX | XXXX | Borrower 1 Other Income updated, not reflecting in true data. |
| XXXX | 4350118359 | XXXX | XXXX | XXXX | Borrower 1 Other Income | the1003Page | XXXX | XXXX | Borrower 1 Other Income is $XXXX from asset depletion. |
| XXXX | 4350118392 | XXXX | XXXX | XXXX | Borrower 1 Other Income | the1003Page | XXXX | XXXX | Borrower 1 Other Income verified & updated not reflecting in True data. |
| XXXX | 4350118380 | XXXX | XXXX | XXXX | Borrower 1 Other Income | the1003Page | XXXX | XXXX | Borrower 1 Other Income verified & updated but not reflecting in True data. |
| XXXX | 4350118379 | XXXX | XXXX | XXXX | Borrower 1 Other Income | the1003Page | XXXX | XXXX | Borrower 1 Other Income is $XXXX |
| XXXX | 4350118378 | XXXX | XXXX | XXXX | Borrower 1 Other Income | the1003Page | XXXX | XXXX | Confirmed Borrower 1 Other Income is $XXXX |
| XXXX | 4350118426 | XXXX | XXXX | XXXX | Borrower 1 Other Income | the1003Page | XXXX | XXXX | Confirmed Borrower 1 wage other Income is $XXXX |
| XXXX | 4350118392 | XXXX | XXXX | XXXX | Borrower 1 Other Income Amount 2 | the1003Page | XXXX | XXXX | Borrower 1 Other Income Amount 2 verified & correct. |
| XXXX | 4350118380 | XXXX | XXXX | XXXX | Borrower 1 Other Income Amount 2 | the1003Page | XXXX | XXXX | Borrower 1 Other Income Amount 2 verified & updated but not reflecting in True data. |
| XXXX | 4350118372 | XXXX | XXXX | XXXX | Borrower 1 Other Income Amount 2 | the1003Page | XXXX | XXXX | True data shows as $XXXX but 1003 tab updated as per Final 1003. |
| XXXX | 4350118418 | XXXX | XXXX | XXXX | Borrower 1 Self-Employment Flag | employmentIncomePage | No | Yes | No employment/Income for B1 |
| XXXX | 4350118404 | XXXX | XXXX | XXXX | Borrower 1 Self-Employment Flag | employmentIncomePage | No | Yes | B1 Income qualifying with wage income, no self employment for B1 |
| XXXX | 4350118387 | XXXX | XXXX | XXXX | Borrower 1 Total Income | the1003Page | XXXX | XXXX | Borrower 1 Total Income is $XXXX |
| XXXX | 4350118435 | XXXX | XXXX | XXXX | Borrower 1 Total Income | the1003Page | XXXX | XXXX | Updated as per Final 1003. |
| XXXX | 4350118446 | XXXX | XXXX | XXXX | Borrower 1 Total Income | the1003Page | XXXX | XXXX | Confirmed Borrower 1 Total Income is $XXXX |
| XXXX | 4350118389 | XXXX | XXXX | XXXX | Borrower 2 Employer 1 Yrs on Job | the1003Page | XXXX | XXXX | Borrower 2 Employer 1 Yrs on Job as per page #1084 is XXXX Years. |
| XXXX | 4350118451 | XXXX | XXXX | XXXX | Borrower 2 Employer 1 Yrs on Job | the1003Page | XXXX | XXXX | Updated per Final 1003. |
| XXXX | 4350118392 | XXXX | XXXX | XXXX | Borrower 2 Other Income | the1003Page | XXXX | XXXX | Borrower 2 Other Income verified & updated not reflecting in True data. |
| XXXX | 4350118372 | XXXX | XXXX | XXXX | Borrower 2 Other Income | the1003Page | XXXX | XXXX | True data shows as $XXXX but 1003 tab updated as per Final 1003. |
| XXXX | 4350118350 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Borrower 2 Sex is XXXX, Verified from ID. |
| XXXX | 4350118391 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Borrower 2 Sex - XXXX verified from final 1003. |
| XXXX | 4350118382 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Borrower 2 Sex - XXXX verified from 1003 & ID. |
| XXXX | 4350118354 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Borrower 2 Sex - XXXX verified from final 1003 & ID. |
| XXXX | 4350118393 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Per Final 1003., B2 is XXXX |
| XXXX | 4350118365 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Updated as Final 1003. |
| XXXX | 4350118392 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Borrower 2 Sex - XXXX verified from final 1003 & ID. |
| XXXX | 4350118380 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Borrower 2 Sex - XXXX verified from ID. |
| XXXX | 4350118389 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Borrower 2 is XXXX, verified from ID. |
| XXXX | 4350118438 | XXXX | XXXX | XXXX | Borrower 2 Sex - Female | the1003Page | XXXX | XXXX | Updated as per Final 1003. |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | Borrower 3 Last Name | notePage | XXXX | XXXX | Confirmed Borrower 3 Last Name is XXXX |
| XXXX | 4350118417 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 1.562 | 1.1 | Correctly calculated DSCR Ratio is Rent amount $XXXX = 1.562. and Originator Consider DSCR Ratio is Rent amount$XXXX/PITIA$XXXX = 1.614, Variance is 0.052 due Originator (DSCR Worksheet on page# 307) Consider Monthly Property Taxes premium amount $XXXX, but as per Tax Cert on page#533 Monthly premium amount $XXXX (Annually $XXXX) updated as per Tax Cert Document but as per FINAL HUD-1 Document on page# 241 Monthly Property Taxes premium amount showing as $XXXX. Added finding for updated FINAL HUD-1 Document. |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | Calculated DSCR | diligenceFinalLookPage | 0.818 | Y | Appears that the original UW calculated DSCR using Interest Only payment of $XXXX which calculated a DSCR of .0817 however, per GL, The PITI calculation for interest only loans is based on a 30-year amortization (40-year loan) which does not meet minimum Guidelines. QC calculated DSCR of .65 which is below minimum requirements of .75 |
| XXXX | 4350118374 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Updated per Final CD. |
| XXXX | 4350118391 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close verified from CD. |
| XXXX | 4350118353 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close verified from final CD. |
| XXXX | 4350118354 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close verified from final CD. |
| XXXX | 4350118355 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close verified final CD. |
| XXXX | 4350118387 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close is $XXXX |
| XXXX | 4350118365 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Updated per Final CD. |
| XXXX | 4350118364 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close is $XXXX<br>|
| XXXX | 4350118372 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Updated as per Final CD. |
| XXXX | 4350118385 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close verified from final CD. |
| XXXX | 4350118366 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Updated as per Final CD. |
| XXXX | 4350118383 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close is $XXXX |
| XXXX | 4350118377 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Confirmed Cash to Close is $XXXX |
| XXXX | 4350118425 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Updated per Final CD. |
| XXXX | 4350118452 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Updated per Final CD. |
| XXXX | 4350118423 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close verified from final CD. |
| XXXX | 4350118432 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close is Cash to Close $XXXX<br>|
| XXXX | 4350118442 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to Close updated per final CD & available assets. |
| XXXX | 4350118448 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Cash to close updated as per final CD & assets available. |
| XXXX | 4350118426 | XXXX | XXXX | XXXX | Cash to Close | finalCdDetailPage | XXXX | XXXX | Confirmed Cash to close is $XXXX |
| XXXX | 4350118410 | XXXX | XXXX | XXXX | Loan Program | businessPurposeApprovalandGuidelinePage | XXXX | XXXX | Loan program updated from drop down, tape and true data values matches. |
| XXXX | 4350118418 | XXXX | XXXX | XXXX | Loan Program | businessPurposeApprovalandGuidelinePage | XXXX | XXXX | Confirmed - Loan program match. |
| XXXX | 4350118409 | XXXX | XXXX | XXXX | Loan Program | businessPurposeApprovalandGuidelinePage | XXXX | XXXX | Loan program selected as per loan approval document. |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | Loan Program | businessPurposeApprovalandGuidelinePage | XXXX | XXXX |  |
| XXXX | 4350118441 | XXXX | XXXX | XXXX | Loan Purpose | the1003Page | Delayed Purchase | Refinance |  |
| XXXX | 4350118368 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Loan Type is DSCR Confirmed. |
| XXXX | 4350118370 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Loan Type is DSCR Confirmed. |
| XXXX | 4350118367 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Loan Type is DSCR. |
| XXXX | 4350118362 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Loan Type is DSCR. |
| XXXX | 4350118353 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Confirmed Loan Type is DSCR. |
| XXXX | 4350118355 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Loan Type is DSCR Confirmed. |
| XXXX | 4350118365 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Subject loan is DSCR. |
| XXXX | 4350118357 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Subject loan is DSCR. |
| XXXX | 4350118356 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Loan Type is DSCR. |
| XXXX | 4350118375 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Subject loan is DSCR. |
| XXXX | 4350118376 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Subject loan is DSCR. |
| XXXX | 4350118364 | XXXX | XXXX | XXXX | Loan Type | the1003Page | DSCR | Conventional | Confirmed loan type is DSCR. |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | Maturity Date | notePage | XXXX | XXXX | Confirmed Maturity Date is XXXX<br>|
| XXXX | 4350118393 | XXXX | XXXX | XXXX | Monthly Hazard Insurance Premium | propertyInsurancePage | XXXX | XXXX | System rounding |
| XXXX | 4350118356 | XXXX | XXXX | XXXX | Monthly Hazard Insurance Premium | propertyInsurancePage | XXXX | XXXX | Monthly Hazard Insurance Premium is $ XXXX |
| XXXX | 4350118435 | XXXX | XXXX | XXXX | Monthly HOA $| propertyValuationPage | XXXX | XXXX | Confirmed HOA dues. |
| XXXX | 4350118370 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | City Property Tax is $XXXX in file. |
| XXXX | 4350118374 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | True data is correct-Showing inclusive of both CIty & County Taxes. |
| XXXX | 4350118375 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | True data is inclusive of Both City & County Taxes. |
| XXXX | 4350118385 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | City Property Tax in file $XXXX |
| XXXX | 4350118360 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | Monthly Property Tax Amount is $XXXX |
| XXXX | 4350118377 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | Confirmed Monthly Property Tax Amount is $XXXX |
| XXXX | 4350118425 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | True data shows inclusive of both County & City. |
| XXXX | 4350118432 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | Confirmed Monthly Property Tax Amount is $XXXX |
| XXXX | 4350118448 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | $XXXX is combination of city taxes + property taxes. |
| XXXX | 4350118429 | XXXX | XXXX | XXXX | Monthly Property Tax Amount | titlePage | XXXX | XXXX | $XXXX is a combination of city taxes + property taxes. |
| XXXX | 4350118414 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Note date verified from Note document page 370. |
| XXXX | 4350118401 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Tape considered the disbursement date as note date. |
| XXXX | 4350118407 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | True data is correct, verified from Note doc. |
| XXXX | 4350118408 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | True data is correct, verified from Note. |
| XXXX | 4350118405 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Note date verified from Note document |
| XXXX | 4350118410 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Updated as per Note document |
| XXXX | 4350118418 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Note date considered per note document. |
| XXXX | 4350118417 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Note date verified from Note document |
| XXXX | 4350118404 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Note date considered per note document. |
| XXXX | 4350118400 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Note date verified from Note document |
| XXXX | 4350118412 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | True data is correct, verified from Note doc. |
| XXXX | 4350118416 | XXXX | XXXX | XXXX | Note Date | notePage | XXXX | XXXX | Note date verified from Note document |
| XXXX | 4350118393 | XXXX | XXXX | XXXX | Originator QM Status | diligenceFinalLookPage | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | Subject loan is Refinance-Investment. |
| XXXX | 4350118378 | XXXX | XXXX | XXXX | Originator QM Status | diligenceFinalLookPage | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | Confirmed Originator QM Status is Non-QM: Lender documented all ATR UW factors. |
| XXXX | 4350118398 | XXXX | XXXX | XXXX | Originator QM Status | diligenceFinalLookPage | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (SH) | Occupancy is Primary, Originator QM Status needs to be Non-QM: Lender documented all ATR UW factors |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | Originator QM Status | diligenceFinalLookPage | ATR/QM: Exempt | Non-QM: Lender documented all ATR UW factors | Confirmed Originator QM Status is ATR/QM: Exempt<br>|
| XXXX | 4350118417 | XXXX | XXXX | XXXX | Prepayment Penalty Type | notePage | Hard | 3 | Prepayment Penalty Type updated Correctly. |
| XXXX | 4350118396 | XXXX | XXXX | XXXX | Primary Appraised Property Value | propertyValuationPage | XXXX | XXXX | Primary Appraised Property Value of $XXXX verified & updated as per the Appraisal |
| XXXX | 4350118423 | XXXX | XXXX | XXXX | Primary Appraised Property Value | propertyValuationPage | XXXX | XXXX | Primary Appraised Property Value verified from Appraisal report. |
| XXXX | 4350118355 | XXXX | XXXX | XXXX | Property Address | notePage | XXXX | XXXX | Property Address Verified from Note & DOT. |
| XXXX | 4350118414 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | Property type is PUD verified from appraisal page 38 and PUD rider is on page 398. |
| XXXX | 4350118353 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Property Type verified from appraisal report. |
| XXXX | 4350118352 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Property Type Two to Four Unit verified from appraisal report. |
| XXXX | 4350118375 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Per Appraisal document. |
| XXXX | 4350118371 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Property Type is Two to Four Unit<br>|
| XXXX | 4350118408 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | True data is correct, property is a PUD per 1008, DOT, appraisal. |
| XXXX | 4350118405 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | Property type is PUD verified from appraisal pg#51 and PUD rider is on pg#309. |
| XXXX | 4350118418 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | 2-4 Family | Property type considered per appraisal report. |
| XXXX | 4350118417 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | 2-4 Family | Property type is 2 to 4 Units verified from appraisal pg #23 and 1-4 rider is on pg. #1 |
| XXXX | 4350118406 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | PUD | Single Family Detached | True data is correct, property ais a PID per DOT, appraisal. |
| XXXX | 4350118422 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Units | Confirmed from Appraisal |
| XXXX | 4350118447 | XXXX | XXXX | XXXX | Property Type | propertyValuationPage | Two to Four Unit | Single Family Detached | Updated as per Appraisal document. |
| XXXX | 4350118433 | XXXX | XXXX | XXXX | Qualifying CLTV | propertyValuationPage | 54.34 | 55 | Loan amount $XXXX/ sales price $XXXX= CLTV 54.34% is Rounded of CLTV 55% |
| XXXX | 4350118407 | XXXX | XXXX | XXXX | Qualifying FICO | creditLiabilitiesPage | 768 | 764 | Per GL XXXX page #36, the borrower with the higher monthly income is considered the primary borrower and their credit score can be used as the Decision Credit Score. As B2 income is higher, B2 score of 768 should be used for qualification, However this FICO variance doesn't impact any GL limits |
| XXXX | 4350118418 | XXXX | XXXX | XXXX | Qualifying FICO | creditLiabilitiesPage | 716 | 711 | Qualifying FICO Selection considered primary wage earner mid score per kind lending guidelines dated XXXX on page36 |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | Qualifying FICO | creditLiabilitiesPage | 752 | 763 | Confirmed Qualifying FICO is 752 |
| XXXX | 4350118353 | XXXX | XXXX | XXXX | Qualifying Housing Debt Income Ratio | diligenceFinalLookPage | XXXX | XXXX | DSCR loan HTI not required. |
| XXXX | 4350118354 | XXXX | XXXX | XXXX | Qualifying Housing Debt Income Ratio | diligenceFinalLookPage | XXXX | XXXX | DTI matches updated 1008. |
| XXXX | 4350118352 | XXXX | XXXX | XXXX | Qualifying Housing Debt Income Ratio | diligenceFinalLookPage | XXXX | XXXX | DSCR Loan HTI not required. |
| XXXX | 4350118433 | XXXX | XXXX | XXXX | Qualifying LTV | propertyValuationPage | 54.34 | 55 | Loan amount $XXXX/ sales price $XXXX= LTV 54.34% is Rounded of LTV 55% |
| XXXX | 4350118360 | XXXX | XXXX | XXXX | Qualifying Monthly P&I Amount | notePage | XXXX | XXXX | True Data reflects Qualifying PITIA per guidelines. Tape Data reflects interest only ITIA. |
| XXXX | 4350118378 | XXXX | XXXX | XXXX | Qualifying Monthly P&I Amount | notePage | XXXX | XXXX | Confirmed this is an Interest-Only (IO) loan. The borrower's monthly payment will be U.S. $XXXX for the first 120 months of the Note, and U.S. $XXXX thereafter. |
| XXXX | 4350118391 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 43.49 | 47.65 | Per income document, matches 1008. |
| XXXX | 4350118353 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 0 | 28879.31 | DSCR loan DTI not required. |
| XXXX | 4350118354 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 48.66 | 49.94 | DTI matches updated 1008. |
| XXXX | 4350118352 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 0 | 13521.67 | DSCR Loan DTI not required. |
| XXXX | 4350118403 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 31.12 | 30.94 | DTI difference is 0.18% which is within the variance limit and does not exceed the guideline limit of 50% |
| XXXX | 4350118401 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 40.88 | 39.54 | Matches with 1008. |
| XXXX | 4350118407 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 35.21 | 31.09 | DTI is in line with revised 1008 refer to findings. |
| XXXX | 4350118408 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 20.8 | 15.61 | Audited DTI is 20.80 and lender DT is 15.63. The difference is 5.17.<br>This is because lender did not consider rent loss of $XXXX for REO property XXXX in their calculations. Finding in place. |
| XXXX | 4350118366 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 47.28 | 46.83 | Variance in decimal. Liabilities updated as per Credit Report. |
| XXXX | 4350118360 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 25.66 | 28.88 | True Data DTI calculated on PITIA per Guidelines. |
| XXXX | 4350118377 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 44.06 | 44.32 | DTI variance is due to the P&I payment being off by $XXXX |
| XXXX | 4350118419 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 39.48 | 38.44 | Audited DTI is 39.48% and lender DTI is 38.44%. The difference is 1.04%. This is due to lender considered monthly income as $XXXX whereas our calculated income is $XXXX |
| XXXX | 4350118418 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 41.28 | 35.25 |  |
| XXXX | 4350118411 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 44.87 | 44.47 | DTI discrepancy on the loan, as per the DTI calculations our calculated DTI is 47.55% but Originator DTI is 42.94% Variance is 4.61% due to all other monthly payments in 1008 $XXXX. and our calculated all other monthly payment is $XXXX + REO Net rental loss $XXXX, Total = $XXXX, Variance is $XXXX all other monthly payments updated as per Initial Credit report and Total Monthly Liabilities $XXXX = 47.54%. |
| XXXX | 4350118404 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 48.81 | 49.5 | Qualifying DTI 48.81% is accurate per calculation & 1008. |
| XXXX | 4350118416 | XXXX | XXXX | XXXX | Qualifying Total Debt Income Ratio | diligenceFinalLookPage | 27.99 | 28.44 | DTI discrepancy on the loan, as per the DTI calculations our calculated DTI is 28.11% but Tape data DTI is 27.51%. Variance is 0.60. within tolerance. |
| XXXX | 4350118414 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | Qualifying Total Housing expenses PITIA is matching with 1008 Tape data not included HOA amount. |
| XXXX | 4350118402 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | True data is correct, tape data was not included HOA amount of $XXXX whereas true data shows PITIA. |
| XXXX | 4350118407 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | Loan has interest only rate note, tape data considered P&I for initial 120 months whereas true data considered P&I for after120 months. |
| XXXX | 4350118408 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | True data is correct, tape data was not included HOA amount of $XXXX whereas true data shows PITIA. |
| XXXX | 4350118405 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | Tape Data not included HOA amount and the subject property is PUD. HOA per Appraisal Report is $XXXX. |
| XXXX | 4350118418 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX |  |
| XXXX | 4350118404 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | Tape data calculating only P&I in calculation. |
| XXXX | 4350118406 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | True data is correct, tape data was not included HOA amount whereas true data shows PITIA. |
| XXXX | 4350118413 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | Qualifying Total Housing Expense PITIA Variance is 10.91. due to Monthly Property Taxes Premium $XXXX updated as per Tax Cert document but 1008 doc showing as $XXXX. |
| XXXX | 4350118420 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | True data is correct, tape data shows only P&I amount whereas true data shows PITIA. |
| XXXX | 4350118412 | XXXX | XXXX | XXXX | Qualifying Total Housing Expense PITIA | diligenceFinalLookPage | XXXX | XXXX | True data is correct, tape data shows only P&I value whereas true data shows PITIA. |
| XXXX | 4350118368 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | No Cash Out - Borrower Initiated | Limited Cash Out - <1% of Loan Amount or XXXX | Refinance Type is No Cash Out - Borrower Initiated. |
| XXXX | 4350118370 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | No Cash Out - Lender Initiated | Limited Cash Out - <1% of Loan Amount or XXXX | Refinance Type No Cash Out. |
| XXXX | 4350118367 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | No Cash Out - Borrower Initiated | Limited Cash Out - <1% of Loan Amount or XXXX | Refinance Type is No Cash Out - Borrower Initiated<br>|
| XXXX | 4350118362 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | No Cash Out - Borrower Initiated | Limited Cash Out - <1% of Loan Amount or XXXX | Refinance Type is No Cash Out - Borrower Initiated. |
| XXXX | 4350118393 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | Cash Out - Other | Cash Out - Debt Consolidation | Per 1008 & Final CD. |
| XXXX | 4350118359 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | No Cash Out - Borrower Initiated | Limited Cash Out - <1% of Loan Amount or XXXX | We are no longer using limited cash out option hence updated as No cash Out. |
| XXXX | 4350118351 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | No Cash Out - Borrower Initiated | Limited Cash Out - <1% of Loan Amount or XXXX | Updated per 1008 as No Cash Out - Borrower Initiated. |
| XXXX | 4350118444 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | No Cash Out - Borrower Initiated | Limited Cash Out - <1% of Loan Amount or XXXX | Updated to No Cash out. |
| XXXX | 4350118445 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | No Cash Out - Borrower Initiated | Limited Cash Out - <1% of Loan Amount or XXXX | Cash from Borrower is $XXXX hence this will be no cash out. |
| XXXX | 4350118435 | XXXX | XXXX | XXXX | Refinance Type | the1003Page | No Cash Out - Borrower Initiated | Limited Cash Out - <1% of Loan Amount or XXXX | Updated per Final CD-Cash Out. |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | Term | notePage | 360 | 480 | Confirmed Term is 360 |
| XXXX | 4350118368 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Full Doc | Verified Doc Type |
| XXXX | 4350118370 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Full Doc | Verified Doc Type DSCR Confirmed. |
| XXXX | 4350118367 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Full Doc | Verified Doc Type is DSCR. |
| XXXX | 4350118391 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Full Doc | Income verified from 12 months bank statement. |
| XXXX | 4350118362 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Full Doc | Verified Doc Type is DSCR. |
| XXXX | 4350118354 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Alternative | Income verified from 12 months bank statement. |
| XXXX | 4350118355 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Full Doc | Verified Doc Type DSCR Confirmed. |
| XXXX | 4350118387 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 2YR Full Doc | Full Doc | Verified Doc Type is 2YR Full Doc |
| XXXX | 4350118365 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Full Doc | Subject loan is DSCR. |
| XXXX | 4350118352 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | No Income and No Employment on 1003 | Verified Doc Type is DSCR confirmed. |
| XXXX | 4350118356 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | No Income and No Employment on 1003 | Verified Doc Type is DSCR. |
| XXXX | 4350118403 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | True data is correct, 12 months bank statements are used for income calculation an hence doc type updated the same. |
| XXXX | 4350118392 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 1YR Full Doc | Full Doc | Verified Doc Type Asset Depletion verified from 1008 UW comment. |
| XXXX | 4350118371 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Full Doc | Verified Doc Type is 12 Month Bank Statement. |
| XXXX | 4350118376 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Alternative | Subject loan is DSCR. |
| XXXX | 4350118407 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | True data is correct, 12 months bank statements are used for income calculation and hence doc type updated the same. |
| XXXX | 4350118372 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 1YR Full Doc | Full Doc | B1 income qualifying with SSI & Asset Depletion. |
| XXXX | 4350118408 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | True data is correct, 12 months bank statements are used for income calculation and hence doc type updated the same. |
| XXXX | 4350118379 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 1YR Full Doc | Full Doc | Verified Doc Type is 1099 |
| XXXX | 4350118383 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Alternative | Verified Doc Type is 12 Month Bank Statement. |
| XXXX | 4350118378 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Alternative | Confirmed Verified Doc Type is 12 Month Bank Statement. |
| XXXX | 4350118405 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 1099 Verified | ALT DOC | Doctype updated as per loan program and documentation. |
| XXXX | 4350118410 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | True data is correct, 12 months bank statements are used for income calculation and hence doc type updated the same. |
| XXXX | 4350118419 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | True data is correct, 12 months bank statements are used for income calculation and hence doc type updated the same. |
| XXXX | 4350118418 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 1099 Verified | ALT DOC | Verified doc type considered per loan program & documentation. |
| XXXX | 4350118409 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | 12month bank statement considered for Income qualification purpose. |
| XXXX | 4350118417 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | ALT DOC | File is DSCR not required for Income documents. |
| XXXX | 4350118411 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | Doctype updated as per loan program and documentation. |
| XXXX | 4350118406 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | True data is correct, 12 months bank statements are used for income calculation and hence doc type updated the same. |
| XXXX | 4350118420 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | ALT DOC | True data is correct, DSCR is used for qualification and hence doc type updated the same. |
| XXXX | 4350118415 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | Verified doc type considered per loan program & documentation. |
| XXXX | 4350118416 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | ALT DOC | Doctype updated as per loan program and documentation. |
| XXXX | 4350118397 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | DSCR | Confirmed Verified Doc Type is DSCR |
| XXXX | 4350118437 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Full Doc | Verified Doc Type is 12 Month Bank Statement which is part of Alt Doc. |
| XXXX | 4350118439 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Full Doc | Verified Doc Type is 12 Month Bank Statement. |
| XXXX | 4350118433 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Full Doc | Verified Doc Type is 12 Month Bank Statement |
| XXXX | 4350118447 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | Debt Service Coverage Ratio | Full Doc | Subject loan is DSCR. |
| XXXX | 4350118426 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 2YR Full Doc | Full Doc | Confirmed Verified doc type 2 year full doc |
| XXXX | 4350118434 | XXXX | XXXX | XXXX | Verified Doc Type | employmentIncomePage | 12 Month Bank Statement | Alternative | Verified Doc Type is 12 Month Bank Statement. |

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