.2 Schedule 5
| Marketing ID | Infinity Loan ID | Loan Number | Loan Number 2 | Borrower Last Name | Property State | Note Date | Loan Purpose | TPR QM ATR Status | Initial Overall Loan Grade | Final Overall Loan Grade | Exception Category | Exception Subcategory | Exception Code | Final Exception Status | Initial Exception Grade | Final Exception Grade | Exception | Exception Detail | Follow-up Comments (Exception Response) | Exception Conclusion Comments | Compensating Factors | Curable Status | Loan Status | Review Date | Cleared Date | Cured Date | Exception Date |
| 900000005 | XXX | XXX | XXX | Maryland | 07/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | 5NPEHMG5M3H-7NVY4BLQ | Resolved | 4 | R | * State Higher Price Mortgage Loan (Lvl R) | Maryland COMAR
09.03.06.02B(13) , COMAR09.03.09.02B(6) Using the greater of the disclosed
APR and the calculated APR, the loan is a higher-priced mortgage loan, as
defined in the Code of Maryland Regulations (COMAR). MD COMAR Higher-Priced Mortgage Loan Test: Charged 8.846% Allowed 8.420% Overby +0.426% This loan is compliant with regulation MD COMAR, (Maryland COMAR 09.03.06.02B(13) , COMAR 09.03.09.02B(6). |
This loan is
compliant with regulation MD COMAR, (Maryland COMAR 09.03.06.02B(13) , COMAR
09.03.09.02B(6). |
This loan is
compliant with regulation MD COMAR, (Maryland COMAR 09.03.06.02B(13) , COMAR
09.03.09.02B(6). |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000005 | XXX | XXX | XXX | Maryland | 07/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | 5NPEHMG5M3H-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 8.846% Allowed 8.420% Overby +0.426% This loan is compliant with regulation 1026.35. |
This loan is compliant with regulation 1026.35. | This loan is compliant with regulation 1026.35. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000005 | XXX | XXX | XXX | Maryland | 07/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 1 | Credit | Credit | 5NPEHMG5M3H-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline. 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000006 | XXX | XXX | XXX | Pennsylvania | 07/XX/2025 | Purchase | Not Covered/Exempt | 3 | 2 | Credit | Title Review | HZOOAWFBOB4-H4EFAVZC | Waived | 2 | W | * Title holder is not an individual (Lvl W) | Allowing LLC borrower for XXX guidelines. A copy of an exception approval letter is available in the loan file. |
DTI: 41.73% DTI
is less then the maximum guidelines requirement of 50.00% FICO : 757 FICO Exceeds the guidelines requirement of 660 LTV: 75.00% LTV is less than the guideline requirement of 80.00%. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000006 | XXX | XXX | XXX | Pennsylvania | 07/XX/2025 | Purchase | Not Covered/Exempt | 3 | 2 | Credit | Credit | HZOOAWFBOB4-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower XXX as it is required by the guideline. Gap report present in file dated on 07/XX/2025 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000012 | XXX | XXX | XXX | Colorado | 06/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | A44BJ4KEYEW-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. | 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000013 | XXX | XXX | XXX | Utah | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | JXMFPPOCJTL-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline. 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000019 | XXX | XXX | XXX | Nevada | 08/XX/2025 | Cash Out | Not Covered/Exempt | 3 | 1 | Credit | Doc Issue | P03E4FELFUD-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | Provide updated supplemental report with amount of title
insurance covering the loan amount $XXX. Resolved 09/XX/2025 - Received preliminary report with insured amount, condition resolved. |
Resolved 09/XX/2025 - Received preliminary report with insured amount, condition resolved. | Resolved 09/XX/2025 - Received preliminary report with insured amount, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000019 | XXX | XXX | XXX | Nevada | 08/XX/2025 | Cash Out | Not Covered/Exempt | 3 | 1 | Credit | Credit | P03E4FELFUD-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of Loan scorecard as it is missing. Resolved 10/XX/2025 - Received XXX document with loan program and loan details, condition resolved. |
Resolved 10/XX/2025 - Received loanNEX document with loan program, condition resolved. | Resolved 10/XX/2025 - Received loanNEX document with loan program, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000021 | XXX | XXX | XXX | Florida | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Credit | ZZACCGNQAIH-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline. 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000023 | XXX | XXX | XXX | Ohio | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Valuation | Valuation | MN0TM55X0VJ-ZI5GG5MN | Resolved | 3 | R | * Automated Appraisal Review Missing (Lvl R) | Provide a copy of Secondary Valuation. Resolved 10/XX/2025 - Received CDA, condition resolved. |
Resolved 10/XX/2025 - Received CDA, condition resolved. | Resolved 10/XX/2025 - Received CDA, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000024 | XXX | XXX | XXX | Alabama | 07/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | KBAZI1ZSCJB-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000024 | XXX | XXX | XXX | Alabama | 07/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | KBAZI1ZSCJB-OI5250VF | Resolved | 3 | R | * Per Appr prop in flood zone but flood certs = no (Lvl R) | Please provide an updated appraisal report reflecting the
change in FEMA flood zone from ‘Yes’ to ‘No.’ The flood certificate indicates
the property is located in Zone ‘X. Resolved 11/XX/2025: Resolved as the flood certificate indicates that the property is not located in a flood zone. However, the master condo association maintains flood insurance regardless. This discrepancy is a non-material issue, as the appraisal is less precise in this regard — the flood certificate provides a more reliable assessment of the property’s flood zone status. |
Resolved 11/XX/2025: Resolved as the flood certificate indicates that the property is not located in a flood zone. However, the master condo association maintains flood insurance regardless. This discrepancy is a non-material issue, as the appraisal is less precise in this regard — the flood certificate provides a more reliable assessment of the property’s flood zone status. | Resolved 11/XX/2025: Resolved as the flood certificate indicates that the property is not located in a flood zone. However, the master condo association maintains flood insurance regardless. This discrepancy is a non-material issue, as the appraisal is less precise in this regard — the flood certificate provides a more reliable assessment of the property’s flood zone status. | QC Complete | 09/XX/2025 | 11/XX/2025 | 11/XX/2025 | 09/XX/2025 | |||
| 900000028 | XXX | XXX | XXX | North Carolina | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Other Disclosures | M2SG1WIEM45-ZXHR0C1D | Resolved | 3 | R | * Missing Required Disclosures (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline. 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000034 | XXX | XXX | XXX | California | 07/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | 54NDYPLG4CQ-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of Loan score card as it missing. 09/XX/2025 Resolved - Resolved as Loan score card is not required for delegated loans. |
09/XX/2025 Resolved - Resolved as Loan score card is not required for delegated loans. | 09/XX/2025 Resolved - Resolved as Loan score card is not required for delegated loans. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000036 | XXX | XXX | XXX | New Mexico | 08/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | DI2T0XJG2PG-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower (XXX) as it is required by the guideline. 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000041 | XXX | XXX | XXX | Alabama | 09/XX/2025 | Cash Out | Non-QM/Compliant | 2 | 2 | Credit | Credit | SSHAOKJM5DN-U0OKEMMW | Waived | 2 | W | * Required Documentation Missing or Incomplete (Lvl W) | Borrower’s
credit score of 717 is acceptable; however, 11 NSFs in the past 12 months
exceed the allowable limit of 6. Additionally, no mortgage history is
available, and property payment history cannot substitute—this materially
impacts the credit-based risk assessment. A copy of an exception approval letter is available in the loan file. |
LTV: 36.80% LTV
is less than the guideline requirement of 80.00%. DTI: 10.04% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000047 | XXX | XXX | XXX | New Jersey | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | WY0PQTAP0NU-QSFFZZOT | Resolved | 3 | R | * Hazard Insurance Coverage less than Loan Amount (Lvl R) | Dwelling amount $XXX is not sufficient to cover loan amount
$XXX, Provide a copy replacement cost estimator. Resolved 10/XX/2025 - Received RCE document and covers the dwelling, condition resolved. |
Resolved 10/XX/2025 - Received RCE document and covers the dwelling, condition resolved. | Resolved 10/XX/2025 - Received RCE document and covers the dwelling, condition resolved. | QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 09/XX/2025 | ||||
| 900000050 | XXX | XXX | XXX | Texas | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | DX2J5DMWU33-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide supporting income documents for the $6,135.03 as it is
missing. Resolved 10/XX/2025 - Received lender worksheet for other income and the Asset depletion income is waived due to equities account to available assets for closing, condition resolved. |
Resolved 10/XX/2025 - Received lender worksheet for other income and the Asset depletion income is waived due to equities account to available assets for closing, condition resolved. | Resolved 10/XX/2025 - Received lender worksheet for other income and the Asset depletion income is waived due to equities account to available assets for closing, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000054 | XXX | XXX | XXX | Washington | 09/XX/2025 | Refinance | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | 5M5RDGNIRDO-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | NSF event of 8
exceed the guideline requirement of maximum six NSF event in the any 12-month
period. A copy of an exception approval letter is available in the loan file. |
FICO: 719 FICO
exceeds the guideline requirement of 640. LTV: 70.00% LTV is less than the guideline requirement of 80.00%. DTI: 2.22% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000057 | XXX | XXX | XXX | Virginia | 08/XX/2025 | Refinance | Not Covered/Exempt | 3 | 1 | Credit | ILETOAAFY2X-QSFFZZOT | Resolved | 3 | R | * Hazard Insurance Coverage less than Loan Amount (Lvl R) | Dwelling amount $XXX is not sufficient to cover loan amount
$XXX, provide a copy of replacement cost estimator is being covered by the
dwelling. Resolved 10/XX/2025 - Received RCE document, condition resolved. |
Resolved 10/XX/2025 - Received RCE document, condition resolved. | Resolved 10/XX/2025 - Received RCE document, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | ||||
| 900000059 | XXX | XXX | XXX | California | 08/XX/2025 | Refinance | Not Covered/Exempt | 3 | 1 | Credit | Credit | PEFQUB3G30T-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower (XXX) as it is required by the guideline. 09/XX/2025 Resolved: Resolved as UDM is not applicable on correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
09/XX/2025 Resolved: Resolved as UDM is not applicable on
correspondent loans. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000059 | XXX | XXX | XXX | California | 08/XX/2025 | Refinance | Not Covered/Exempt | 3 | 1 | Credit | Doc Issue | PEFQUB3G30T-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | Preliminary title does not reflect the amount of $XXX title
insured coverage amount. provide a copy of updated supplemental report. Resolved 09/XX/2025 - Received title supplement report, condition resolved. |
Resolved 09/XX/2025 - Received title supplement report, condition resolved. | Resolved 09/XX/2025 - Received title supplement report, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000060 | XXX | XXX | XXX | Massachusetts | 08/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | GDGEPMVLBNN-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide business bank statements of XX #XX for the month ending
1/XX/2025 as it is missing. Resolved 09/XX/2025 - Received bank statements ending with 1/XX/2025, condition resolved. |
Resolved 09/XX/2025 - Received bank statements ending with 1/XX/2025, condition resolved. | Resolved 09/XX/2025 - Received bank statements ending with 1/XX/2025, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000072 | XXX | XXX | XXX | Idaho | 08/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | GSSRVLH1CAK-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the Mortgage statement for the Property
address XXX, XX, NC XX. Resolved 09/XX/2025 - Received LOX as this is private mortgage and there is no mortgage statement - Received cashiers check, condition resolved. |
Resolved 09/XX/2025 - Received LOX as this is private mortgage and there is no mortgage statement - Received cashiers check, condition resolved. | Resolved 09/XX/2025 - Received LOX as this is private mortgage and there is no mortgage statement - Received cashiers check, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000074 | XXX | XXX | XXX | North Carolina | 08/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | DZHPCCPB54K-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 8.452% Allowed 8.250% Overby +0.202% This loan is compliant with regulation 1026.35 |
This loan is compliant with regulation 1026.35 | This loan is compliant with regulation 1026.35 | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000086 | XXX | XXX | XXX | Idaho | 08/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Credit | Underwriting | NDVWQLCONWP-V81IZTFE | Resolved | 3 | R | * Transmittal (1008) is Missing (Lvl R) | Provide a copy of 1008, as it is missing. Resolved 09/XX/2025 - Received 1008 document, condition resolved. |
Resolved 09/XX/2025 - Received 1008 document, condition resolved. | Resolved 09/XX/2025 - Received 1008 document, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000086 | XXX | XXX | XXX | Idaho | 08/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Credit | Credit | NDVWQLCONWP-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of CPA Letter, as it is missing. Resolved 09/XX/2025 - Received business VOE , condition resolved. |
Resolved 09/XX/2025 - Received business VOE , condition resolved. | Resolved 09/XX/2025 - Received business VOE , condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000086 | XXX | XXX | XXX | Idaho | 08/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | NDVWQLCONWP-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 9.667% Allowed 9.110% Overby +0.557% This loan is compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000087 | XXX | XXX | XXX | Illinois | 08/XX/2025 | Cash Out | Not Covered/Exempt | 3 | 1 | Credit | Credit | A3LDKAUKIRD-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide Hazard insurance with Lender Mortgagee Clause. Resolved 10/XX/2025 - Received HOI with mortgage clause, condition resolved. |
Resolved 10/XX/2025 - Received HOI with mortgage clause, condition resolved. | Resolved 10/XX/2025 - Received HOI with mortgage clause, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000088 | XXX | XXX | XXX | California | 08/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Title Review | VM04HLF3ZBN-A7YJSEV7 | Resolved | 3 | R | * Title issue (Lvl R) | Provide an updated title with lender loss payee clause
"XXX" for the proposed name insured. Resolved 10/XX/2025 - Received Final title policy, condition resolved. |
Resolved 10/XX/2025 - Received Final title policy, condition resolved. | Resolved 10/XX/2025 - Received Final title policy, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000089 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | W43KA30PF5U-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide VOM for creditor XX (XXX) & XX (XXX) to verify
recent 12 months payment history. Resolved 10/XX/2025 - Received bank statement with 12 months payment history, condition resolved. |
Resolved 10/XX/2025 - Received bank statement with 12 months payment history, condition resolved. | Resolved 10/XX/2025 - Received bank statement with 12 months payment history, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000094 | XXX | XXX | XXX | California | 08/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Doc Issue | IWH5OPIEJR2-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | Preliminary title does not reflect the amount of $XXX title
insured coverage amount. provide a copy of supplemental report. Resolved 10/XX/2025 - Received supplement report, condition resolved. |
Resolved 10/XX/2025 - Received supplement report, condition resolved. | Resolved 10/XX/2025 - Received supplement report, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000114 | XXX | XXX | XXX | New Jersey | 09/XX/2025 | Cash Out | Not Covered/Exempt | 2 | 2 | Credit | Credit | 2ZYEGZ10U2I-U0OKEMMW | Waived | 2 | W | * Required Documentation Missing or Incomplete (Lvl W) | Exception for 25
DUNSFs in the past 12 months on
business bank statement Occupancy
explanation not accepted; loan may proceed as investment. Appraisal shows
tenant occupancy. A copy of an exception approval letter is available in the loan file. |
Residual Income
: $61,108.54 monthly DTI: 22.23% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000116 | XXX | XXX | XXX | Missouri | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | JINDCC2MMGH-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 9.733% Allowed 8.070% Overby +1.663% This loan is compliant with regulation 1026.35. |
This loan is compliant with regulation 1026.35. | This loan is compliant with regulation 1026.35. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000995 | XXX | XXX | XXX | Louisiana | 07/XX/2022 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Application | 1SIGSXAIZO3-Z5OC4DZ8 | Resolved | 3 | R | * Final 1003 does not has LO sign (Lvl R) | As per loan file
Final & Initial 1003 LO sign is missing . Resolved: Received 1003 with LO Signature - 08/09 |
Resolved: Received 1003 with LO Signature - 08/09 | Resolved: Received 1003 with LO Signature - 08/09 | QC Complete | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | |||
| 900001000 | XXX | XXX | XXX | Florida | 06/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | 0HZAWBO510C-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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 Higher-Priced Mortgage Loan Test: Charged 7.413% Allowed 6.660% Over by +0.753% This loan is compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | |||
| 900001001 | XXX | XXX | XXX | Idaho | 07/XX/2022 | Cash Out | Non-QM/Compliant | 4 | 2 | Credit | Guidelines | CO3OLLQP0ZN-J587LE2V | Waived | 4 | W | * Loan does not conform to program guidelines (Lvl W) | The appraisal dated 05/XX/2022 shows subject property as log
home. According to guidelines, log home is ineligible property type. Missing
exception approval letter with appropriate compensating factors. A copy of an exception approval letter has been received. |
LTV: 46.96% LTV
is less than the guideline requirement of 80.00%. DTI: 38.50% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 01/XX/2026 | 12/XX/2025 | ||||||
| 900001001 | XXX | XXX | XXX | Idaho | 07/XX/2022 | Cash Out | Non-QM/Compliant | 4 | 2 | Compliance | Compliance | CO3OLLQP0ZN-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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 Higher-Priced Mortgage Loan Test: Charged 7.586 % Allowed 6.870% Over by +0.716%. This loan is compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | |||
| 900001002 | XXX | XXX | XXX | Florida | 06/XX/2022 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Title Review | I0EMBUTQ0D1-0KIHCC9S | Resolved | 3 | R | * Title review shows no release for prior mortgage (Lvl R) | Missing Satisfaction of Mortgage recorded on February XX, 2018
for XXX, Page 981 reflecting on the Title report. Resolved: Final Title Policy Received on 8/XX/2022 - 8/17 |
Resolved: Final Title Policy Received on 8/XX/2022 - 8/17 | Resolved: Final Title Policy Received on 8/XX/2022 - 8/17 | QC Complete | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | |||
| 900001002 | XXX | XXX | XXX | Florida | 06/XX/2022 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | I0EMBUTQ0D1-I97OJO44 | Resolved | 3 | R | * The Credit LOX is missing (Lvl R) | Following inquiry reflects on credit report: XXX(04/XX/22) Resolved: Credit LOX received on 8/XX/2022 - 8/18 |
Resolved: Credit LOX received on 8/XX/2022 - 8/18 | Resolved: Credit LOX received on 8/XX/2022 - 8/18 | QC Complete | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | |||
| 900001009 | XXX | XXX | XXX | Florida | 07/XX/2022 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Application | 44AS2WMTBBZ-NS6I6XC6 | Resolved | 3 | R | * Final Application not signed and hand-dated by Loan Originator (Lvl R) | Final 1003 and
initial 1003 LO Signature missing in the application. Resolved: Received 1003 with LO Signature - 08/09 |
Resolved: Received 1003 with LO Signature - 08/09 | Resolved: Received 1003 with LO Signature - 08/09 | QC Complete | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | |||
| Removed from deal | XXX | XXX | XXX | Michigan | 08/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | K5PD5SQ5JZA-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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 Higher-Priced Mortgage Loan Test: Charged 7.359% Allowed 7.120% Over by +0.239% This loan is compliant with regulation 1026.35. |
This loan is compliant with regulation 1026.35. | This loan is compliant with regulation 1026.35. | QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | |||
| Removed from deal | XXX | XXX | XXX | Michigan | 08/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Credit | Application | K5PD5SQ5JZA-Z5OC4DZ8 | Resolved | 3 | R | * Final 1003 does not has LO sign (Lvl R) | As per loan
package Final & initial 1003 Lo sign missing. Resolved: Initial & Final 1003 received - 9/12 |
Resolved: Initial & Final 1003 received - 9/12 | Resolved: Initial & Final 1003 received - 9/12 | QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 09/XX/2022 | |||
| 900001020 | XXX | XXX | XXX | Florida | 08/XX/2022 | Purchase | Not Covered/Exempt | 4 | 2 | Credit | Guidelines | H1G2YCGHG42-J587LE2V | Waived | 4 | W | * Loan does not conform to program guidelines (Lvl W) | As per lending
guideline (Smart Self (07.07.2022 v22.3) R-JV-DTC.pdf) min FICO score is 720
and max LTV is 70%. As per loan file its FICO score is 704 and LTV is 70%. Not Resolved: Needed a new exception approval with name & signature - 9/8 A copy of an exception approval letter has been received.- 9/13 |
Length of
Employment: 5 years with the same business exceeds the minimum requirement of
2 years. Reserves: The 11 months of available reserves are more than the guideline requirement of 6 months. |
QC Complete | 09/XX/2022 | 09/XX/2022 | ||||||
| 900001021 | XXX | XXX | XXX | Florida | 08/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | KC4R3KMQKZW-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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 Higher-Priced Mortgage Loan Test: Charged 8.785% Allowed 7.110% Over by +1.675% This loan is compliant with regulation 1026.35. |
This loan is compliant with regulation 1026.35. | This loan is compliant with regulation 1026.35. | QC Complete | 05/XX/2025 | 05/XX/2025 | 05/XX/2025 | 05/XX/2025 | |||
| 900001021 | XXX | XXX | XXX | Florida | 08/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Credit | Application | KC4R3KMQKZW-Z5OC4DZ8 | Resolved | 3 | R | * Final 1003 does not has LO sign (Lvl R) | LO Sign missing in initial 1003. Resolved: Signed copy of 1003 received on 9/XX/2022 |
Resolved: Signed copy of 1003 received on 9/XX/2022 | Resolved: Signed copy of 1003 received on 9/XX/2022 | QC Complete | 05/XX/2025 | 05/XX/2025 | 05/XX/2025 | 09/XX/2022 | |||
| 900001026 | XXX | XXX | XXX | California | 07/XX/2022 | Purchase | Non-QM/Compliant | 3 | 2 | Credit | Doc Issue | KD44PDF1AKV-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | As Per Preliminary Title Policy Amount of Title insurance is $XX which is less than mortgage amount of $XX. Amount of
insurance does not meet loan amount, Required final title policy. Resolved: 8/XX/2022 - Final Title Policy received. |
Resolved: 8/XX/2022 - Final Title Policy received. | Resolved: 8/XX/2022 - Final Title Policy received. | QC Complete | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | 08/XX/2022 | |||
| 900001026 | XXX | XXX | XXX | California | 07/XX/2022 | Purchase | Non-QM/Compliant | 3 | 2 | Compliance | Compliance | KD44PDF1AKV-0O1J05XI | Cured | 3 | C | * ComplianceEase TRID Tolerance Test Failed (Lvl C) | TRID Violation due to 10% of Title State required contingence
fee, Title electronic recording fee, Title Sub-escrow fee, Title Courier fee,
Title Endorsement fee, Title Wire transfer fee and Recording fee increase on
Final CD dated 07/XX/2022. Initial LE dated 06/XX/2022 reflects 10% fees
totaling $1674.00, however, Final CD dated 07/XX/2022 reflects $2251.00. This
is a fee increase of $410.10 which exceeds the 10% tolerance. Please provide either a valid COC or PCCD,
LOE, proof of delivery, copy of refund check to cure the tolerance amount of
$XX. Cured 8/XX/2022 : Received PCCD document and updated, hence condition cleared. |
Cured 8/XX/2022 : Received PCCD document and updated, hence condition cleared. | Cured 8/XX/2022 : Received PCCD document and updated, hence condition cleared. | QC Complete | 08/XX/2022 | 09/XX/2022 | 09/XX/2022 | 08/XX/2022 | |||
| 900001027 | XXX | XXX | XXX | California | 07/XX/2022 | Refinance | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | 1WBJ5H00MZV-7NVY4BLQ | Resolved | 4 | R | * State Higher Price Mortgage Loan (Lvl R) | (CA AB 260,
California Financial Code Division 1.94995(a)) Using the greater of the
disclosed APR and the calculated APR, the loan is a higher-priced mortgage
loan, as defined in the California Financial Code. CA AB 260 Higher-Priced Mortgage Loan Test: Charged 7.030% Allowed 6.200% Over by +0.830% This loan is compliant with regulation CA AB 260, California Financial Code Division 1.94995(a) |
This loan is compliant with regulation CA AB 260, California Financial Code Division 1.94995(a) | This loan is compliant with regulation CA AB 260, California Financial Code Division 1.94995(a) | QC Complete | 05/XX/2025 | 05/XX/2025 | 05/XX/2025 | 05/XX/2025 | |||
| 900001027 | XXX | XXX | XXX | California | 07/XX/2022 | Refinance | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | 1WBJ5H00MZV-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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 Higher-Priced Mortgage Loan Test: Charged 7.030% Allowed 6.200% Over by +0.830% This loan is compliant with regulation 1026.35. |
This loan is compliant with regulation 1026.35. | This loan is compliant with regulation 1026.35. | QC Complete | 05/XX/2025 | 05/XX/2025 | 05/XX/2025 | 05/XX/2025 | |||
| 900001027 | XXX | XXX | XXX | California | 07/XX/2022 | Refinance | Non-QM/Compliant | 4 | 1 | Credit | Application | 1WBJ5H00MZV-Z5OC4DZ8 | Resolved | 3 | R | * Final 1003 does not has LO sign (Lvl R) | In final 1003 LO
signature missing in the loan package. Resolved - 1003 Received with LO signature - 08/09 |
Resolved - 1003 Received with LO signature - 08/09 | Resolved - 1003 Received with LO signature - 08/09 | QC Complete | 05/XX/2025 | 05/XX/2025 | 05/XX/2025 | 08/XX/2022 | |||
| 900001027 | XXX | XXX | XXX | California | 07/XX/2022 | Refinance | Non-QM/Compliant | 4 | 1 | Credit | Credit | 1WBJ5H00MZV-XRY5OUKZ | Resolved | 3 | R | * Misrepresentation of Housing History (Lvl R) | As per lending guide minimum 2 years housing history is
required. However in final 1003 years in current home is mentioned as
"0" years for the current property "XX" . Needed
Corrected 1003 with housing history Note: Transaction is refinance of primary residence. Not Resolved : Still needed 1003 with Housing history. As per credit report refinance month reviewer is 35 months however on 1003 no housing history mentioned. Not Resolved : Still needed 1003 with Housing history. As per credit report refinance month reviewer is 35 months however on 1003 no housing history mentioned. 8/XX/2022 Resolved: LOX received on 08/XX/2022 stating that borrower is moved to current address in 60 days - 08/19 |
Resolved: LOX received on 08/XX/2022 stating that borrower is moved to current address in 60 days - 08/19 | Resolved: LOX received on 08/XX/2022 stating that borrower is moved to current address in 60 days - 08/19 | QC Complete | 05/XX/2025 | 05/XX/2025 | 05/XX/2025 | 08/XX/2022 | |||
| 900000139 | XXX | XXX | XXX | Maryland | 09/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Other Disclosures | JLWQPRQH24W-ZXHR0C1D | Resolved | 3 | R | * Missing Required Disclosures (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline. 09/XX/2025: Resolved as per the updated guidelines not require UDM. |
09/XX/2025: Resolved as per the updated guidelines not require UDM. | 09/XX/2025: Resolved as per the updated guidelines not require UDM. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000143 | XXX | XXX | XXX | Michigan | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Credit | 0BZNEUOSJLE-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not require UDM. | 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000151 | XXX | XXX | XXX | California | 09/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Title Review | WNT0VX4TPXK-A7YJSEV7 | Resolved | 3 | R | * Title issue (Lvl R) | The subject transaction closed in the name of a trust; however,
the file does not contain an executed and notarized copy of the underwriter
and title-approved Trust Certification. 10/XX/2025 Resolved: The copy of Trust cert resolves the condition. |
10/XX/2025 Resolved: The copy of Trust cert resolves the condition. | 10/XX/2025 Resolved: The copy of Trust cert resolves the condition. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000151 | XXX | XXX | XXX | California | 09/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Doc Issue | WNT0VX4TPXK-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | The amount of title insurance of $xx on the Title Commitment is
less than the loan amount $XXX. Resolved 10/XX/2025 - Received Final title policy, condition resolved. |
Resolved 10/XX/2025 - Received Final title policy, condition resolved. | Resolved 10/XX/2025 - Received Final title policy, condition resolved. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000159 | XXX | XXX | XXX | Maryland | 09/XX/2025 | Cash Out | Not Covered/Exempt | 2 | 2 | Credit | Guidelines | PK2J2MY5IKT-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Credit: Housing payment history Requesting exception to permit $XX loan amount for 75% LTV A copy of an exception approval letter is available in the loan file. |
FICO: 772 FICO
exceeds the guideline requirement of 720. DSCR: 1.59 DSCR exceeds the guideline requirement of 1.00. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000167 | XXX | XXX | XXX | Tennessee | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | F0LKB0Q2HGF-UTM9VHCU | Resolved | 3 | R | * Final Application Incomplete (Lvl R) | Provided updated final application with change in intended
occupancy for property address "XXX" from primary residence to
investment. Resolved 09/XX/2025 - Received corrected 1003, condition resolved. |
Resolved 09/XX/2025 - Received corrected 1003, condition resolved. | Resolved 09/XX/2025 - Received corrected 1003, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000167 | XXX | XXX | XXX | Tennessee | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | F0LKB0Q2HGF-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Missing lease agreement for property address XXX, XX, TN XXX
(XX). Resolved 09/XX/2025 - Received Lease agreement for unit 2, condition resolved. |
Resolved 09/XX/2025 - Received Lease agreement for unit 2, condition resolved. | Resolved 09/XX/2025 - Received Lease agreement for unit 2, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000171 | XXX | XXX | XXX | Montana | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Compliance | Compliance | ASBZFUIL2UA-1UJL4VOR | Resolved | 3 | R | * Missing Initial LE (Lvl R) | Missing Initial Loan Estimate. Resolved 10/XX/2025: Received Initial Loan Estimate dated 09/XX/2025 and exception is cleared. |
Resolved 10/XX/2025: Received Initial Loan Estimate dated
09/XX/2025 and exception is cleared. |
Resolved 10/XX/2025: Received Initial Loan Estimate dated
09/XX/2025 and exception is cleared. |
QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000176 | XXX | XXX | XXX | Arkansas | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | KGCLI2HGH4W-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of the evidence wire receipt for the gift amount
of $100,000.00, as it is missing. Resolved 10/XX/2025 - Received wire receipt for $100,000.00, condition resolved. |
Resolved 10/XX/2025 - Received wire receipt for $100,000.00, condition resolved. | Resolved 10/XX/2025 - Received wire receipt for $100,000.00, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000177 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | EMMAM4ZFGBK-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Exception to
waive 2nd appraisal due to flipping Seller obtained property 4/2025 and
contract signed 5/2025 A copy of an exception approval letter is available in the loan file. |
DTI: 20.51% DTI
is less than the maximum guideline requirement of 50.00%. LTV: 80.00% LTV is less than the guideline requirement of 90.00%. FICO: 728 FICO exceeds the guideline requirement of 720. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000190 | XXX | XXX | XXX | New York | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 2 | Credit | Credit | 5BH5XDMF24E-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower XXX as it is required by the guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000190 | XXX | XXX | XXX | New York | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 2 | Credit | Guidelines | 5BH5XDMF24E-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Waive 2nd full appraisal for loan amount >$XX. A copy of an exception approval letter is available in the loan file. |
FICO: 793 FICO
exceeds the guideline requirement of 700. Residual Income: $32,560.94 monthly. DTI: 33.63% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000231 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Doc Issue | 4W4X0MXTWXV-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | Provide updated supplemental report with amount of title
insurance covering the loan amount $XX. Resolved 10/XX/2025 - Received supplement report, condition resolved. |
Resolved 10/XX/2025 - Received supplement report, condition resolved. | Resolved 10/XX/2025 - Received supplement report, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000240 | XXX | XXX | XXX | Texas | 09/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | U4LH5RDYR5Q-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 8.659% Allowed 8.130% Overby +0.529% This loan is compliant with regulation 1026.35. |
This loan is compliant with regulation 1026.35. | This loan is compliant with regulation 1026.35. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000255 | XXX | XXX | XXX | Tennessee | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | JXAVOVTMWZ2-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide UDM for borrower(XX) as it is required by the
guideline 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000262 | XXX | XXX | XXX | Texas | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | JHQ00YMKI5J-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower(XXX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000267 | XXX | XXX | XXX | New Jersey | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 2 | Credit | Guidelines | BQ3SSDQQ4BR-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Borrower is
non-permanent resident. Only an EAD provided and shows category C-09 A copy of an exception approval letter is available in the loan file. |
FICO: 734 FICO
exceeds the guideline requirement of 720. Reserves: The 55 months of available reserves are more than the guideline requirement of 6 months. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000267 | XXX | XXX | XXX | New Jersey | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 2 | Compliance | Compliance | BQ3SSDQQ4BR-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 8.609% Allowed 8.130% Overby +0.479% This loan is compliant with regulation 1026.35. |
This loan is compliant with regulation 1026.35. | This loan is compliant with regulation 1026.35. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000278 | XXX | XXX | XXX | Washington | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | UXQUPW2BVTU-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower(XXX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000278 | XXX | XXX | XXX | Washington | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | UXQUPW2BVTU-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the proof document for the subordinate lien
(second mortgage principal and interest) amounting to $XX. Resolved 09/XX/2025 - Received LOX as $3000 is removed from the DTI calculation, condition resolved. |
Resolved 09/XX/2025 - Received LOX as $3000 is removed from the DTI calculation, condition resolved. | Resolved 09/XX/2025 - Received LOX as $3000 is removed from the DTI calculation, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000280 | XXX | XXX | XXX | North Carolina | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | A212ERMQEND-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000286 | XXX | XXX | XXX | Washington | 09/XX/2025 | Cash Out | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | 4JEATKLRX4C-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Single family
with 2 ADUs A copy of an exception approval letter is available in the loan file. |
LTV: 56.44% LTV
is less than the guideline requirement of 85.00%. FICO: 711 FICO exceeds the guideline requirement of 700. DTI: 38.51% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 01/XX/2026 | 09/XX/2025 | ||||||
| 900000291 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | 3U1ZSN2HJ4W-QSFFZZOT | Resolved | 3 | R | * Hazard Insurance Coverage less than Loan Amount (Lvl R) | Dwelling amount $XX is not sufficient to cover loan amount $XX.
Provide a copy of updated RCE to cover the dwelling amount. Resolved 09/XX/2025 - Received RCE document, condition resolved. |
Resolved 09/XX/2025 - Received RCE document, condition resolved. | Resolved 09/XX/2025 - Received RCE document, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | ||||
| 900000291 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | 3U1ZSN2HJ4W-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM report for borrower (XXX) as it is required by the
lender guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000293 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | EFNH0T4RIN3-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower(XXX) as it is required by the
guideline 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000303 | XXX | XXX | XXX | New Jersey | 09/XX/2025 | Purchase | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | PBRIGVV3IZI-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | First time
homebuyer living rent free for 4 years as borrower lives rent free at subject
property. A copy of an exception approval letter is available in the loan file. |
FICO: 797 FICO
exceeds the guideline requirement of 780. LTV: 66.67% LTV is less than the guideline requirement of 70.00%. |
QC Complete | 01/XX/2026 | 10/XX/2025 | ||||||
| 900000310 | XXX | XXX | XXX | Massachusetts | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | WUTJ1GBLB3M-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000334 | XXX | XXX | XXX | California | 09/XX/2025 | Refinance | Not Covered/Exempt | 3 | 1 | Credit | Doc Issue | VBZSMPBKTXH-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | Provide a copy of the title supplement report to cover the loan
amount, The amount of title insurance $XX does not cover the loan amount
$XXX. Resolved 10/XX/2025 - Received Supplement report, condition resolved. |
Resolved 10/XX/2025 - Received Supplement report, condition resolved. | Resolved 10/XX/2025 - Received Supplement report, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000342 | XXX | XXX | XXX | Pennsylvania | 09/XX/2025 | Cash Out | Not Covered/Exempt | 3 | 1 | Credit | Credit | TVO1G1QW3KP-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | The lease agreement on file for XXXX expired on 05/XX/2025.
Provide a valid, un expired version. Resolved 10/XX/2025 - Received LOE stating the tenant completed one full year in rent and now moved to month to month lease, condition resolved. |
Resolved 10/XX/2025 - Received LOE stating the tenant completed one full year in rent and now moved to month to month lease, condition resolved. | Resolved 10/XX/2025 - Received LOE stating the tenant completed one full year in rent and now moved to month to month lease, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000343 | XXX | XXX | XXX | Florida | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | 03Z33A0A4OO-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 8.753% Allowed 8.040% Overby +0.713%. This loan is compliant with regulation 1026.35 |
This loan is compliant with regulation 1026.35 | This loan is compliant with regulation 1026.35 | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000343 | XXX | XXX | XXX | Florida | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Credit | Credit | 03Z33A0A4OO-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide proof of Installment account XX in the amount of
$816.00. Resolved 10/XX/2025 - Received Client LOX as " several payments to affirm were found on the bank statement. It is acceptable to add to DTI when found on the bank statement and nothing else is needed, condition resolved. |
Resolved 10/XX/2025 - Received Client LOX as " several payments to affirm were found on the bank statement. It is acceptable to add to DTI when found on the bank statement and nothing else is needed, condition resolved. | Resolved 10/XX/2025 - Received Client LOX as " several payments to affirm were found on the bank statement. It is acceptable to add to DTI when found on the bank statement and nothing else is needed, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000347 | XXX | XXX | XXX | Louisiana | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | IQ224BN04Q4-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of CPA letter with expense ratio. Resolved 09/XX/2025 - Received CPA letter, condition resolved. |
Resolved 09/XX/2025 - Received CPA letter, condition resolved. | Resolved 09/XX/2025 - Received CPA letter, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000385 | XXX | XXX | XXX | New York | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | 3G42HSNW414-QSFFZZOT | Resolved | 3 | R | * Hazard Insurance Coverage less than Loan Amount (Lvl R) | Provide master policy with borrower name and unit number. Resolved 10/XX/2025 - Property is 2-4 family, condition resolved. |
Resolved 10/XX/2025 - Property is 2-4 family, condition resolved. | Resolved 10/XX/2025 - Property is 2-4 family, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | ||||
| 900000385 | XXX | XXX | XXX | New York | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | 3G42HSNW414-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Missing condo questionnaire. Resolved 10/XX/2025 - Received LOX as condo questionnaire is not required for 3 units property, condition resolved. |
Resolved 10/XX/2025 - Received LOX as condo questionnaire is not required for 3 units property, condition resolved. | Resolved 10/XX/2025 - Received LOX as condo questionnaire is not required for 3 units property, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000392 | XXX | XXX | XXX | California | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Credit | SUDWJANWAAD-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower (XXX) as it is required by the guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000392 | XXX | XXX | XXX | California | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Doc Issue | SUDWJANWAAD-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | The amount $XX of preliminary title insurance is not covering
the loan amount $XX. Provide a copy of supplemental title insurance which
covers the loan amount. Resolved 09/XX/2025 - Received title short form policy, condition resolved. |
Resolved 09/XX/2025 - Received title short form policy, condition resolved. | Resolved 09/XX/2025 - Received title short form policy, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000414 | XXX | XXX | XXX | Ohio | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | MH5GVQQIWSQ-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower(XXX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000417 | XXX | XXX | XXX | Indiana | 08/XX/2025 | Cash Out | Not Covered/Exempt | 3 | 1 | Credit | Doc Issue | XM5A0SYQMAU-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | The amount of proposed Lender's coverage on the Title
Commitment is less than the loan amount. The document reflects coverage in
the amount of $XX, however, the Note reflects a loan amount of $XXX. Resolved 09/XX/2025 - Received title short form policy, condition resolved. |
Resolved 09/XX/2025 - Received title short form policy, condition resolved. | Resolved 09/XX/2025 - Received title short form policy, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000431 | XXX | XXX | XXX | Louisiana | 05/XX/2025 | Cash Out | Not Covered/Exempt | 3 | 1 | Credit | Credit | RQTOGID1VPE-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | 1003 Correction required for primary residence XXX address
reflecting investment in REO section. Resolved 06/XX/2025 - Received Corrected 1003 application, condition resolved. |
Resolved 06/XX/2025 - Received Corrected 1003 application, condition resolved. | Resolved 06/XX/2025 - Received Corrected 1003 application, condition resolved. | QC Complete | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | |||
| 900000431 | XXX | XXX | XXX | Louisiana | 05/XX/2025 | Cash Out | Not Covered/Exempt | 3 | 1 | Credit | Other Disclosures | RQTOGID1VPE-ZXHR0C1D | Resolved | 3 | R | * Missing Required Disclosures (Lvl R) | Provide a copy of E&O insurance policy as it is missing. Resolved 06/XX/2025 - Received Appraisal report with E&O Policy, condition resolved. |
Resolved 06/XX/2025 - Received Appraisal report with E&O Policy, condition resolved. | Resolved 06/XX/2025 - Received Appraisal report with E&O Policy, condition resolved. | QC Complete | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | |||
| 900000431 | XXX | XXX | XXX | Louisiana | 05/XX/2025 | Cash Out | Not Covered/Exempt | 3 | 1 | Credit | Credit | RQTOGID1VPE-UDN50XOG | Resolved | 3 | R | * Borrower Identity Missing (Lvl R) | Provide a legible copy of Govt identity proof as it is
missing. Resolved 06/XX/2025 - Received GOV ID, condition resolved. |
Resolved 06/XX/2025 - Received GOV ID, condition resolved. | Resolved 06/XX/2025 - Received GOV ID, condition resolved. | QC Complete | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | |||
| 900000436 | XXX | XXX | XXX | Texas | 08/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 2 | Credit | Guidelines | ZCZV0INUE23-TS7KKCIE | Waived | 4 | W | * Cash Out Amount Exceeds Guidelines (Lvl W) | The cash-out amount for the subject property is $XXX, which
exceeds the maximum allowable cash-out limit of $XXX for loans with an LTV
greater than 60%. The current LTV is 63.29%. A copy of an exception approval letter has been received. |
LTV: 63.28% is
lower than the maximum guideline requirement of 80.00%. DTI: 24.34& is lower than the maximum guideline requirement of 50.00%. Reserves: 71 months of available reserves are more than the guideline requirement of 6 months. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000436 | XXX | XXX | XXX | Texas | 08/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 2 | Credit | Credit | ZCZV0INUE23-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide UDM for borrower(XX) as it is required by the
guideline. Gap report present in file dated 07/XX/2025 before closing date 08/XX/2025 Resolved 09/XX/2025 - UDM Report is not required from client, condition resolved. |
Resolved 09/XX/2025 - UDM Report is not required from client, condition resolved. | Resolved 09/XX/2025 - UDM Report is not required from client, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000436 | XXX | XXX | XXX | Texas | 08/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 2 | Credit | Guidelines | ZCZV0INUE23-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | 11 NSFs vs
permitted 6- The borrower owns a construction company that requires projects
to meet their deadlines. Outstanding accounts receivables are paid personally
by the borrower if the client does not pay their invoices on time. These big
companies that work with him will pay him back but they do take time so he
takes it upon himself to complete the projects in a timely manner, ensuring
his credibility. A copy of an exception approval letter is available in the loan file. |
DTI: 24.34% DTI
is less than the maximum guideline requirement of 50.00%. LTV: 63.29% LTV is less than the guideline requirement of 75.00%. FICO: 690 FICO exceeds the guideline requirement of 680. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000436 | XXX | XXX | XXX | Texas | 08/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 2 | Compliance | Compliance | ZCZV0INUE23-L2NRUFUV | Resolved | 3 | R | * Intent to Proceed Missing (Lvl R) | Missing Intent to Proceed. Resolved 09/XX/2025: Received Intent to Proceed dated 07/XX/2025 and exception is cleared. |
Resolved 09/XX/2025: Received Intent to Proceed dated
07/XX/2025 and exception is cleared. |
Resolved 09/XX/2025: Received Intent to Proceed dated
07/XX/2025 and exception is cleared. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000443 | XXX | XXX | XXX | Michigan | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Guidelines | FYLLBXBYJ34-T67CK90Y | Resolved | 3 | R | * Credit history does not meet guidelines (Lvl R) | Provide a rent-free letter signed by the borrower and their
relative. Resolved 10/XX/2025 - Received LOX as " a rent-free letter from the borrowers relative is not required as the borrower is not a first time home buyer", condition resolved. |
Resolved 10/XX/2025 - Received LOX as " a rent-free letter from the borrowers relative is not required as the borrower is not a first time home buyer", condition resolved. | Resolved 10/XX/2025 - Received LOX as " a rent-free letter from the borrowers relative is not required as the borrower is not a first time home buyer", condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000445 | XXX | XXX | XXX | Georgia | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | 0NS3RURQURG-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower (XX) as it is required by the guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000454 | XXX | XXX | XXX | Colorado | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | 11ELB05BY2S-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of mortgage statement for the "XX"
property as it is missing. Resolved 10/XX/2025 - Received credit report with payment and the data verify report with property address, condition resolved. |
Resolved 10/XX/2025 - Received credit report with payment and the data verify report with property address, condition resolved. | Resolved 10/XX/2025 - Received credit report with payment and the data verify report with property address, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000454 | XXX | XXX | XXX | Colorado | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | 11ELB05BY2S-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide supporting documents for cash gift $200,000 as it is
missing. Resolved 10/XX/2025 - Received LOX as " the gift ended up only being $50,000 and it is updated in system " however sufficient assets are available to cover the requirements, condition resolved. |
Resolved 10/XX/2025 - Received LOX as " the gift ended up only being $50,000 and it is updated in system " however sufficient assets are available to cover the requirements, condition resolved. | Resolved 10/XX/2025 - Received LOX as " the gift ended up only being $50,000 and it is updated in system " however sufficient assets are available to cover the requirements, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000460 | XXX | XXX | XXX | Florida | 09/XX/2025 | Purchase | Not Covered/Exempt | 2 | 2 | Credit | Guidelines | DN4OQ1SXLW1-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | 20%
Non-incidental Income on a condotel A copy of an exception approval letter is available in the loan file. |
Reserves: The 9
months of available reserves are more than the guideline requirement of 3
months. FICO: 809 FICO exceeds the guideline requirement of 700. LTV: 80% LTV is less than the guideline requirement of 85.00%. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000473 | XXX | XXX | XXX | Ohio | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Credit | Credit | NL4UFZCPHML-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Missing proof for (tax, insurance, or HOA fee) for REO property
address XX in the amount of $650.00. Resolved 10/XX/2025 - Property was included to show the borrower was not a first time homebuyer however the property is owned through her business as per tax bill in file and borrower is not personally obligated on debt. LOX provided condition resolved. |
Resolved 10/XX/2025 - Property was included to show the borrower was not a first time homebuyer however the property is owned through her business as per tax bill in file and borrower is not personally obligated on debt. LOX provided condition resolved. | Resolved 10/XX/2025 - Property was included to show the borrower was not a first time homebuyer however the property is owned through her business as per tax bill in file and borrower is not personally obligated on debt. LOX provided condition resolved. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000473 | XXX | XXX | XXX | Ohio | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | NL4UFZCPHML-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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 Higher-Priced Mortgage Loan Test: Charged 8.646% Allowed 7.820% Overby +0.826% This loan is compliant with regulation 1026.35. | This loan is
compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000477 | XXX | XXX | XXX | Oregon | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Other Disclosures | Q3LZKFI3XHN-ZXHR0C1D | Resolved | 3 | R | * Missing Required Disclosures (Lvl R) | Provide a copy of UDM report as it is missing 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000486 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | I3MOQFOLHVM-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower (XX) as it is required by the guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000488 | XXX | XXX | XXX | Georgia | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 2 | Credit | Credit | MVZA14NSKUD-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000488 | XXX | XXX | XXX | Georgia | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 2 | Credit | Guidelines | MVZA14NSKUD-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Non Perm
resident alien category C-09P vs reviewed on a file by file basis A copy of an exception approval letter is available in the loan file. |
FICO: 722 FICO
exceeds the guideline requirement of 700. LTV: 80.00% LTV is less than the guideline requirement of 85.00%. DTI: 21.17% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000494 | XXX | XXX | XXX | Massachusetts | 09/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | JRPIDNEJ12S-L5G0OVLJ | Resolved | 3 | R | * Missing Initial Closing Disclosure (Lvl R) | Loan file is missing initial closing disclosure. Require
initial closing disclosure and all applicable COC. Resolved 09/XX/2022 : Received Initial Closing Disclosure dated 08/XX/2022 and updated, hence condition cleared. |
Resolved 09/XX/2022 : Received Initial Closing Disclosure dated 08/XX/2022 and updated, hence condition cleared. | Resolved 09/XX/2022 : Received Initial Closing Disclosure dated 08/XX/2022 and updated, hence condition cleared. | QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 09/XX/2022 | |||
| 900000494 | XXX | XXX | XXX | Massachusetts | 09/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Credit | Other Disclosures | JRPIDNEJ12S-ZXHR0C1D | Resolved | 3 | R | * Missing Required Disclosures (Lvl R) | Provide a copy of 'Loan Score Card' for pass details of
Borrower 1 (XX) . Resolved: Loan Score card received - 9/15 |
Resolved: Loan Score card received - 9/15 | Resolved: Loan Score card received - 9/15 | QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 09/XX/2022 | |||
| 900000494 | XXX | XXX | XXX | Massachusetts | 09/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | JRPIDNEJ12S-GE23D4HC | Resolved | 3 | R | * 10% Tolerance Fees test fail (Lvl R) | TRID Violation due to 10% of Title & Insurance Services
increased $29.20 on Post Closing CD dated 09/XX/2022. Initial LE dated 07/XX/2022 reflects
totaling $3,818.00, however Post Close CD dated 09/XX/2022 reflects
$4,229.00. Need a LOE, proof of delivery, and copy of the refund check to
cure the tolerance amount of $29.20. Below are the fees which changed from Initial LE to PCCD 1) Survey Fee : $0.00 to $150.00 2) Title Document preparation Fee : $0.00 to $400.00 3) Recording Fee : $443.00 to $479.00 Resolved 09/XX/2022 : Received COC document and updated, hence condition cleared. |
Resolved 09/XX/2022 : Received COC document and updated, hence condition cleared. | Resolved 09/XX/2022 : Received COC document and updated, hence condition cleared. | QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 09/XX/2022 | |||
| 900000494 | XXX | XXX | XXX | Massachusetts | 09/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | JRPIDNEJ12S-7NVY4BLQ | Resolved | 4 | R | * State Higher Price Mortgage Loan (Lvl R) | MA 209 CMR
32.35, Using the greater of the disclosed APR and the calculated APR, the
loan is a higher-priced mortgage loan, as defined in the Code of
Massachusetts Regulations. MA 209 CMR 32.35 Higher-Priced Mortgage Loan Test: Charged 7.895% Allowed 6.700% Over by +1.195% This loan is compliant with regulation MA 209 CMR 32.35. |
This loan is compliant with regulation MA 209 CMR 32.35. | This loan is compliant with regulation MA 209 CMR 32.35. | QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | |||
| 900000494 | XXX | XXX | XXX | Massachusetts | 09/XX/2022 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | JRPIDNEJ12S-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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 Higher-Priced Mortgage Loan Test: Charged 7.895% Allowed 7.700% Over by +0.195% This loan is compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | |||
| 900000511 | XXX | XXX | XXX | Florida | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Other Disclosures | ELCF5G2SXNL-ZXHR0C1D | Resolved | 3 | R | * Missing Required Disclosures (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000521 | XXX | XXX | XXX | New Jersey | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | WMDRDQNM0IL-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of lease agreement for the subject property as
it is missing. Resolved 09/XX/2025 - Received lease agreement for subject property, condition resolved. |
Resolved 09/XX/2025 - Received lease agreement for subject property, condition resolved. | Resolved 09/XX/2025 - Received lease agreement for subject property, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000521 | XXX | XXX | XXX | New Jersey | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | WMDRDQNM0IL-UDN50XOG | Resolved | 3 | R | * Borrower Identity Missing (Lvl R) | Provide a copy of government ID for the borrower (XX) as it is
missing. Resolved 10/XX/2025 - Received GOV ID, condition resolved. |
Resolved 10/XX/2025 - Received GOV ID, condition resolved. | Resolved 10/XX/2025 - Received GOV ID, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000525 | XXX | XXX | XXX | Florida | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | BW41JHUNYMD-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of Tax certificate. Resolved 10/XX/2025 - Received tax information form, condition resolved. |
Resolved 10/XX/2025 - Received tax information form, condition resolved. | Resolved 10/XX/2025 - Received tax information form, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000526 | XXX | XXX | XXX | Alaska | 09/XX/2025 | Purchase | Not Covered/Exempt | 2 | 2 | Credit | Guidelines | AVS0Y2E00TE-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Property
Eligibility for Log Home. A copy of an exception approval letter is available in the loan file. |
DSCR: 1.66 DSCR
exceeds the guideline requirement of 1.00. FICO: 791 FICO exceeds the guideline requirement of 660. Reserves: The 113 months of available reserves are more than the guideline requirement of 6 months. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000532 | XXX | XXX | XXX | Texas | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 2 | Credit | Guidelines | 1UM0MQ1TQIO-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | An exception
using 75% of company assets for reserves instead of 100% A copy of an exception approval letter is available in the loan file. |
FICO: 752 FICO
exceeds the guideline requirement of 700. Residual Income: $5,573.97 monthly. DTI: 43.95% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000532 | XXX | XXX | XXX | Texas | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 2 | Credit | Credit | 1UM0MQ1TQIO-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide VOR to verify recent 12 months payment history for
borrower current residence (XX) with rent $1,536.00. Resolved 10/XX/2025 - Received VOR proof, condition resolved. |
Resolved 10/XX/2025 - Received VOR proof, condition resolved. | Resolved 10/XX/2025 - Received VOR proof, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000534 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | 1MNYMHW4BDC-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Requesting exception for FTHB with loan amount $XXX vs max
1,500,000. A copy of an exception approval letter is available in the loan file. |
FICO: 785 FICO
exceeds the guideline requirement of 740. DTI: 6.59% DTI is less than the maximum guideline requirement of 50.00%. Reserves: The 41 months of available reserves are more than the guideline requirement of 9 months. |
QC Complete | 01/XX/2026 | 10/XX/2025 | ||||||
| 900000545 | XXX | XXX | XXX | Tennessee | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | 5WPVNOH1TDM-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 8.157% Allowed 7.720% Overby +0.437% This loan is compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000552 | XXX | XXX | XXX | Arizona | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Credit | E2R3HGWTKCB-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower(XXX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000562 | XXX | XXX | XXX | North Carolina | 06/XX/2025 | Purchase | Non-QM/Compliant | 4 | 2 | Compliance | Compliance | 5UUYXBAVK0T-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 9.171% Allowed 8.370% Overby +0.801%. This loan is compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
This loan is
compliant with regulation 1026.35. |
QC Complete | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | |||
| 900000562 | XXX | XXX | XXX | North Carolina | 06/XX/2025 | Purchase | Non-QM/Compliant | 4 | 2 | Credit | Guidelines | 5UUYXBAVK0T-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | The borrower has
been living rent-free for 5 years, which exceeds the guidelines for 12-month
limit for first-time homebuyers (FTHB). A copy of an exception approval letter is available in the loan file. |
FICO: 725 FICO
exceeds the guideline requirement of 700. Residual Income: $62,234.51 monthly. DTI: 6.88% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 06/XX/2025 | 06/XX/2025 | ||||||
| 900000562 | XXX | XXX | XXX | North Carolina | 06/XX/2025 | Purchase | Non-QM/Compliant | 4 | 2 | Credit | Doc Issue | 5UUYXBAVK0T-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | Provide a copy of supplementary report to cover the cover the
loan amount $XXX. Resolved 07/XX/2025 - Received title report with insured amount, condition resolved. |
Resolved 07/XX/2025 - Received title report with insured amount, condition resolved. | Resolved 07/XX/2025 - Received title report with insured amount, condition resolved. | QC Complete | 06/XX/2025 | 07/XX/2025 | 07/XX/2025 | 06/XX/2025 | |||
| 900000569 | XXX | XXX | XXX | New Jersey | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | AVUJYIYPSY5-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Gift source ($16,000.00) is missing in the file (require donor
statement or wiring details, and borrower statement where gift fund was
received). Resolved 09/XX/2025 - Received gift wire, condition resolved. |
Resolved 09/XX/2025 - Received gift wire, condition resolved. | Resolved 09/XX/2025 - Received gift wire, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000579 | XXX | XXX | XXX | Colorado | 08/XX/2022 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Other Disclosures | QQEQGEW14OV-ZXHR0C1D | Resolved | 3 | R | * Missing Required Disclosures (Lvl R) | Loan Score card
missing in the package ,provide a copy of Loan score card. Resolved: Loan Scorecard received - 9/13 |
Resolved: Loan Scorecard received - 9/13 | Resolved: Loan Scorecard received - 9/13 | QC Complete | 09/XX/2022 | 09/XX/2022 | 09/XX/2022 | 09/XX/2022 | |||
| 900000588 | XXX | XXX | XXX | Virginia | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | LZVBAUQ0B0F-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower (XXX) as it is required by the guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000593 | XXX | XXX | XXX | Texas | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Credit | K3DGAK40XUE-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000595 | XXX | XXX | XXX | Nevada | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 2 | Credit | Guidelines | 2BA2E0JZMK3-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Exception to
permit FICO 716 vs minimum 740. A copy of an exception approval letter is available in the loan file. |
DTI: 27.90% DTI
is less than the maximum guideline requirement of 50.00%. LTV: 66.52% LTV is less than the guideline requirement of 70.00%. Residual Income: $82,039.38 monthly. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000595 | XXX | XXX | XXX | Nevada | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 2 | Compliance | Compliance | 2BA2E0JZMK3-IJH0N5PE | Resolved | 3 | R | * ComplianceEase TRID Tolerance Test is Incomplete (Lvl R) | Missing Initial Closing Disclosure. Not Resolved 09/XX/2025: Received revised Closing disclosure dated 8/XX/2025, instead of Initial Closing disclosure. 8/XX/2025 revised closing disclosure already available in loan package and updated. Not Resolved 10/XX/2025: Received revised Closing disclosure dated 8/XX/2025, instead of Initial Closing disclosure. 8/XX/2025 revised closing disclosure already available in loan package and updated. Resolved 10/XX/2025: Received LOE for Initial Closing Disclosure dated 08/XX/2025 and exception is cleared. |
Resolved 10/XX/2025: Received LOE for Initial Closing Disclosure dated 08/XX/2025 and exception is cleared. | Resolved 10/XX/2025: Received LOE for Initial Closing Disclosure dated 08/XX/2025 and exception is cleared. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000599 | XXX | XXX | XXX | California | 09/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 2 | Credit | Guidelines | 44XT5DSMSV4-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Loan amount $XX million exceeding the guideline maximum loan
amount $2 million. A copy of an exception approval letter is available in the loan file. |
Credit score:
Borrower FICO 780 exceeds guideline minium FICO 720. DTI : Borrower DTI 35% is less than maximum guideline DTI 50%. Reserves: Borrower has surplus reserves of $500,000.00. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000599 | XXX | XXX | XXX | California | 09/XX/2025 | Cash Out | Non-QM/Compliant | 4 | 2 | Credit | Guidelines | 44XT5DSMSV4-TS7KKCIE | Waived | 4 | W | * Cash Out Amount Exceeds Guidelines (Lvl W) | Maximum cash out allowed by guideline is $XX. Cash to borrower
as per final CD reflecting $XXX. A copy of an exception approval letter has been received. |
DTI: 17.14% is
lower than the maximum guideline requirement of 50.00%. Reserves: 31 months of available reserves are more than the guideline requirement of 12 months. FICO: 781 exceeds the minimum FICO requirement of 780. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000602 | XXX | XXX | XXX | Georgia | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 2 | Credit | Guidelines | B3I0WYXNNMP-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | 80% LTV for $XX vs max 75% LTV for $XX per guidelines A copy of an exception approval letter is available in the loan file. |
FICO: 806 FICO
exceeds the guideline requirement of 740. DTI: 2.18% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 01/XX/2026 | 09/XX/2025 | ||||||
| 900000602 | XXX | XXX | XXX | Georgia | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 2 | Credit | Credit | B3I0WYXNNMP-6AFLOU1Y | Resolved | 3 | R | * Purchase Contract (Lvl R) | Missing Purchase contract with sale price of $XX. Resolved 09/XX/2025 - Received updated purchase contract, condition resolved. |
Resolved 09/XX/2025 - Received updated purchase contract, condition resolved. | Resolved 09/XX/2025 - Received updated purchase contract, condition resolved. | QC Complete | 01/XX/2026 | 01/XX/2026 | 01/XX/2026 | 09/XX/2025 | |||
| 900000604 | XXX | XXX | XXX | California | 09/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Doc Issue | FPUUDIDISTT-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | Preliminary title does not reflect the amount of $XXX title
insured coverage amount. provide a copy of the supplemental report. Resolved 10/XX/2025 - Received updated supplemental report, condition resolved. |
Resolved 10/XX/2025 - Received updated supplemental report,
condition resolved. |
Resolved 10/XX/2025 - Received updated supplemental report,
condition resolved. |
QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000608 | XXX | XXX | XXX | New York | 09/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Credit | 2VK0LMZJT2P-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide UDM for borrower(XX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000614 | XXX | XXX | XXX | Hawaii | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Credit | Guidelines | KQKB0SKRKFU-J587LE2V | Resolved | 4 | R | * Loan does not conform to program guidelines (Lvl R) | The guidelines specify a maximum land area of 20 acres.
However, the subject property in the loan file has a land area of XX acres,
which exceeds the allowable limit and does not meet eligibility
requirements. Resolved 10/XX/2025 - Received lender response as " These are town houses and the total project is XX acres and it's 6 units per acre, condition resolved. |
Resolved 10/XX/2025 - Received lender response as " These are town houses and the total project is XX acres and it's 6 units per acre, condition resolved. | Resolved 10/XX/2025 - Received lender response as " These are town houses and the total project is XX acres and it's 6 units per acre, condition resolved. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000624 | XXX | XXX | XXX | Georgia | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | B2GDS0UFCXD-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of Bank statement XXX of the month September
2024. Resolved 09/XX/2025 - Received bank statement for September month, condition resolved. |
Resolved 09/XX/2025 - Received bank statement for September month, condition resolved. | Resolved 09/XX/2025 - Received bank statement for September month, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000636 | XXX | XXX | XXX | Michigan | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | JBHE3YNFT4H-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower (XX) as it is required by the guideline. Gap report present in file dated 08/XX/2025 before closing date 09/XX/2025. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000641 | XXX | XXX | XXX | Texas | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Valuation | Doc Issue | PTZ5P4DV1G3-WMO0OGAE | Resolved | 3 | R | * Appraisal incomplete (missing map, layout, pages, etc) (Lvl R) | Occupant marked as owner on the appraisal report, transaction
type is purchase investment. Provide an updated appraisal with occupant
status as vacant or tenant. Resolved 10/XX/2025 - Received LOX " The appraiser reiterated the property was owner occupied at the time of their inspection and advised a revision was not required", condition resolved. |
Resolved 10/XX/2025 - Received LOX " The appraiser reiterated the property was owner occupied at the time of their inspection and advised a revision was not required", condition resolved. | Resolved 10/XX/2025 - Received LOX " The appraiser reiterated the property was owner occupied at the time of their inspection and advised a revision was not required", condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000642 | XXX | XXX | XXX | California | 09/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Doc Issue | 3ZCNPC2WIMI-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | Provide updated supplemental report with amount of title
insurance covering the loan amount $XX. Resolved 10/XX/2025 - Received updated supplemental report, condition resolved. |
Resolved 10/XX/2025 - Received updated supplemental report, condition resolved. | Resolved 10/XX/2025 - Received updated supplemental report, condition resolved. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000650 | XXX | XXX | XXX | Washington | 09/XX/2025 | Purchase | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | 5DXSCZSJEL2-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Permit a
non-occupant borrower for a 2 unit primary rate/term refinance A copy of an exception approval letter is available in the loan file. |
DTI: 16.42% DTI
is less than the maximum guideline requirement of 50.00%. LTV: 40.80% LTV is less than the guideline requirement of 70.00%. Residual Income : $36,273.32 monthly. |
QC Complete | 01/XX/2026 | 09/XX/2025 | ||||||
| 900000666 | XXX | XXX | XXX | Arizona | 05/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | TQAGAN0LU1C-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide Real estate appraisers error and omissions insurance
policy, as it is missing. Resolved 06/XX/2025 - Received E&O Policy, condition resolved. |
Resolved 06/XX/2025 - Received E&O Policy, condition resolved. | Resolved 06/XX/2025 - Received E&O Policy, condition resolved. | QC Complete | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | |||
| 900000667 | XXX | XXX | XXX | North Carolina | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | R0A4VLR5F5M-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower (XXX) as it is required by the guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000673 | XXX | XXX | XXX | Texas | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Valuation | Doc Issue | OQT00MWIFJC-JPQK8SU9 | Resolved | 3 | R | * Missing Appraisal (Lvl R) | Provide a copy of Appraisal Report. Resolved 10/XX/2025 - Received Appraisal report, condition resolved. |
Resolved 10/XX/2025 - Received Appraisal report, condition resolved. | Resolved 10/XX/2025 - Received Appraisal report, condition resolved. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000686 | XXX | XXX | XXX | Florida | 08/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Other Disclosures | GWRSABJLD5X-ZXHR0C1D | Resolved | 3 | R | * Missing Required Disclosures (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrower (XX) as it is required by the guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000702 | XXX | XXX | XXX | Louisiana | 05/XX/2025 | Refinance | Not Covered/Exempt | 3 | 1 | Credit | Credit | JRNYTLJJMPB-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide E&O (Error & Omission ) policy as it is
missing. Resolved 06/XX/2025 - Received appraisal report with E&O Policy, condition resolved. |
Resolved 06/XX/2025 - Received appraisal report with E&O
Policy, condition resolved. |
Resolved 06/XX/2025 - Received appraisal report with E&O
Policy, condition resolved. |
QC Complete | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | |||
| 900000702 | XXX | XXX | XXX | Louisiana | 05/XX/2025 | Refinance | Not Covered/Exempt | 3 | 1 | Credit | Title Review | JRNYTLJJMPB-A7YJSEV7 | Resolved | 3 | R | * Title issue (Lvl R) | Provide executed and notarized Quit claim deed removing vesting
from XX. 06/XX/2025: the copy of QCD resolves the condition. |
06/XX/2025: the copy of QCD resolves the condition. | 06/XX/2025: the copy of QCD resolves the condition. | QC Complete | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | |||
| 900000702 | XXX | XXX | XXX | Louisiana | 05/XX/2025 | Refinance | Not Covered/Exempt | 3 | 1 | Credit | Credit | JRNYTLJJMPB-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide updated final 1003 REO section reflecting borrower
current address "XXX" from investment to primary residence. Resolved 06/XX/2025 - Received corrected 1003 application for investment to primary residence, condition resolved. |
Resolved 06/XX/2025 - Received corrected 1003 application for investment to primary residence, condition resolved. | Resolved 06/XX/2025 - Received corrected 1003 application for investment to primary residence, condition resolved. | QC Complete | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | 06/XX/2025 | |||
| 900000706 | XXX | XXX | XXX | Florida | 09/XX/2025 | Refinance | Not Covered/Exempt | 3 | 2 | Credit | Credit | TAD0AD34V2I-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of UDM report as it is missing. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000706 | XXX | XXX | XXX | Florida | 09/XX/2025 | Refinance | Not Covered/Exempt | 3 | 2 | Credit | Guidelines | TAD0AD34V2I-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Exception to
allow 718 FICO for 720 required. A copy of an exception approval letter is available in the loan file. |
Residual Income:
$4,671,173.81 monthly. DTI: 0.71% DTI is less than the maximum guideline requirement of 50.00%. |
QC Complete | 09/XX/2025 | 09/XX/2025 | ||||||
| 900000708 | XXX | XXX | XXX | South Carolina | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | ILUKKZXUD12-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide UDM for borrower (XX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000717 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Doc Issue | LXPKKCCZOCC-V7TJ126N | Resolved | 3 | R | * Amount of title insurance is less than mortgage amount (Lvl R) | Provide updated supplemental report with amount of title
insurance covering the loan amount $XXX. 10/XX/2025 Resolved: The copy of final title policy resolves the condition. |
10/XX/2025 Resolved: The copy of final title policy resolves the condition. | 10/XX/2025 Resolved: The copy of final title policy resolves the condition. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000759 | XXX | XXX | XXX | Georgia | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | B0SNHCQGBLU-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide UDM for borrower (XXX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000761 | XXX | XXX | XXX | Oregon | 09/XX/2025 | Purchase | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | AYHBNXSREMA-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Assets -
Requesting exception to permit 100% of business checking and savings
balance A copy of an exception approval letter is available in the loan file. |
Residual Income:
$6,016.64.00 monthly. FICO: 753 FICO exceeds the guideline requirement of 700. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000765 | XXX | XXX | XXX | Maine | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | 4GTRZA2HHTN-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the UDM (Undisclosed Debt Monitoring)
document for borrowers (XXX) as it is required by the guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000774 | XXX | XXX | XXX | California | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | WEBM40NVMBK-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the lease agreement for the property at
XX. Resolved 10/XX/2025 - Received LOE as property having month to month lease and the lease agreement is not required, condition resolved. |
Resolved 10/XX/2025 - Received LOE as property having month to month lease and the lease agreement is not required, condition resolved. | Resolved 10/XX/2025 - Received LOE as property having month to month lease and the lease agreement is not required, condition resolved. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000778 | XXX | XXX | XXX | Nevada | 09/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | FVV3MRZJ15S-UDN50XOG | Resolved | 3 | R | * Borrower Identity Missing (Lvl R) | Provide a copy of Government ID for the borrower (XX), as it is
missing. Resolved 10/XX/2025 - Received GOV ID, condition resolved. |
Resolved 10/XX/2025 - Received GOV ID, condition resolved. | Resolved 10/XX/2025 - Received GOV ID, condition resolved. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000786 | XXX | XXX | XXX | Arizona | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | QYSNXA3MZZ3-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide a copy of UDM report as it is missing. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000795 | XXX | XXX | XXX | Pennsylvania | 09/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Compliance | Doc Issue | 14B4AYJSWR4-2VXD5FWR | Resolved | 3 | R | * Initial Escrow Acct Disclosure missing; loan has escrows (Lvl R) | Missing Initial Escrow Account Disclosure. Resolved 10/XX/2025: Received Initial Escrow Account Disclosure dated 09/XX/2025 and exception is cleared. |
Resolved 10/XX/2025: Received Initial Escrow Account Disclosure
dated 09/XX/2025 and exception is cleared. |
Resolved 10/XX/2025: Received Initial Escrow Account Disclosure
dated 09/XX/2025 and exception is cleared. |
QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000806 | XXX | XXX | XXX | Alabama | 09/XX/2025 | Purchase | Not Covered/Exempt | 2 | 2 | Credit | Guidelines | 0QEFZ22KCIP-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | GLA on subject property under XX sqft A copy of an exception approval letter is available in the loan file. |
Residual Income
: $7,430.77.00 monthly ( Calculate it Total income - Total obligation) FICO 797 exceeds the minimum guideline requirement of 720 DTI 47.34% is less than the maximum guideline requirement of 50%. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000807 | XXX | XXX | XXX | Florida | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Credit | 0DWV0BNOKPC-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of UDM for borrower(XX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000831 | XXX | XXX | XXX | New Jersey | 08/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | OSBC2P1WS5C-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000842 | XXX | XXX | XXX | Alabama | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | 5V0Y1BDFODQ-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the Settlement Statement for the property
located at XXX, showing the proceeds from the real estate sale amounting to
$XX to be finalized on or before closing. Resolved 10/XX/2025 - Received settlement statement with proceeds $XX, condition resolved. |
Resolved 10/XX/2025 - Received settlement statement with proceeds $XX, condition resolved. | Resolved 10/XX/2025 - Received settlement statement with proceeds $XX, condition resolved. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000846 | XXX | XXX | XXX | Arizona | 08/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Credit | YFRF11DEW54-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower (XX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000856 | XXX | XXX | XXX | Georgia | 09/XX/2025 | Purchase | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | UJZCCEKMPQS-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Exception requested to omit the commercial mortgage with XX
from liabilities and waive verification of the pay history. A copy of an exception approval letter is available in the loan file. |
FICO: 791 FICO
exceeds the guideline requirement of 640. Residual Income: $1,983.62 monthly. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000873 | XXX | XXX | XXX | California | 09/XX/2025 | Refinance | Non-QM/Compliant | 3 | 1 | Credit | Credit | PXVTYSUEOUV-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide updated final application reflecting the intended to
use occupancy as primary residence for property address "XXX" Resolved 10/XX/2025 - Received updated 1003 application, condition resolved. |
Resolved 10/XX/2025 - Received updated 1003 application, condition resolved. | Resolved 10/XX/2025 - Received updated 1003 application, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000876 | XXX | XXX | XXX | Texas | 09/XX/2025 | Cash Out | Non-QM/Compliant | 3 | 1 | Credit | Doc Issue | HKV4VPNGS04-2XRZ4V9U | Resolved | 3 | R | * Note is missing or unexecuted (Lvl R) | Provide a copy of Note document. Resolved 10/XX/2025 - Received Note document, condition resolved. |
Resolved 10/XX/2025 - Received Note document, condition resolved. | Resolved 10/XX/2025 - Received Note document, condition resolved. | QC Complete | 09/XX/2025 | 10/XX/2025 | 10/XX/2025 | 09/XX/2025 | |||
| 900000881 | XXX | XXX | XXX | Texas | 10/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | ZHAIQYQE1CQ-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 7.748% Allowed 7.720% Overby +0.028% This loan is compliant with regulation 1026.35. |
This loan is compliant with regulation 1026.35. | This loan is compliant with regulation 1026.35. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000903 | XXX | XXX | XXX | New York | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | SCHGKOTN0N5-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide UDM for borrower(XXX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000903 | XXX | XXX | XXX | New York | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | SCHGKOTN0N5-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide supporting document (wire transaction) for gift fund
$365,000 as it is missing. Resolved 09/XX/2025 - Received gift wire, condition resolved. |
Resolved 09/XX/2025 - Received gift wire, condition resolved. | Resolved 09/XX/2025 - Received gift wire, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000905 | XXX | XXX | XXX | Arizona | 09/XX/2025 | Purchase | Non-QM/Compliant | 3 | 1 | Credit | Credit | V5WPHKTJS52-EDXGB1F3 | Resolved | 3 | R | * Required Documentation Missing (Lvl R) | Provide UDM for borrower(XXX) as it is required by the
guideline. 09/XX/2025 - Resolved as per the updated guidelines do not require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
09/XX/2025 - Resolved as per the updated guidelines do not
require UDM. |
QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000911 | XXX | XXX | XXX | Texas | 09/XX/2025 | Refinance | Not Covered/Exempt | 2 | 2 | Credit | Guidelines | 21IMAE5MJ34-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | LTV/CLTV
Exception to allow 80% LTV on max of 75% allowed. A copy of an exception approval letter is available in the loan file. |
DTI: 31.90% DTI
is less than the maximum guideline requirement of 50.00%. Residual Income: $41,247.22 monthly. |
QC Complete | 10/XX/2025 | 10/XX/2025 | ||||||
| 900000916 | XXX | XXX | XXX | Florida | 09/XX/2025 | Purchase | Non-QM/Compliant | 4 | 1 | Compliance | Compliance | 3TTHQHSC1PV-O5S9HFJ8 | Resolved | 4 | R | * Federal Higher Price Mortgage Loan (Lvl R) | 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. Higher-Priced Mortgage Loan Test: Charged 8.260% Allowed 8.040% Overby +0.220% This loan is compliant with regulation 1026.35. |
This loan is compliant with regulation 1026.35. | This loan is compliant with regulation 1026.35. | QC Complete | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | 10/XX/2025 | |||
| 900000930 | XXX | XXX | XXX | Indiana | 08/XX/2025 | Purchase | Not Covered/Exempt | 3 | 1 | Credit | Credit | O2WD2O5TEGI-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | Provide a copy of the wire transfer document or other
supporting documentation to verify the $30,000 gift amount. Resolved 09/XX/2025 - Received Wire transfer for the gift amount, condition resolved. |
Resolved 09/XX/2025 - Received Wire transfer for the gift amount, condition resolved. | Resolved 09/XX/2025 - Received Wire transfer for the gift amount, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | |||
| 900000934 | XXX | XXX | XXX | New York | 09/XX/2025 | Refinance | Non-QM/Compliant | 2 | 2 | Credit | Guidelines | KWVHWOAGOW0-J587LE2V | Waived | 2 | W | * Loan does not conform to program guidelines (Lvl W) | Permit a
non-occupant borrower for a 2 unit primary rate/term refinance A copy of an exception approval letter is available in the loan file. |
DTI: 16.42% DTI
is less than the maximum guideline requirement of 50.00%. FICO: 725 FICO exceeds the guideline requirement of 720. LTV: 40.80% LTV is less than the guideline requirement of 80.00%. |
QC Complete | 01/XX/2026 | 09/XX/2025 | ||||||
| 900000948 | XXX | XXX | XXX | Indiana | 09/XX/2025 | Cash Out | Not Covered/Exempt | 3 | 1 | Credit | Credit | YSCTARWXWLC-U0OKEMMW | Resolved | 3 | R | * Required Documentation Missing or Incomplete (Lvl R) | The Note and Final 1003 indicate that the borrower is an LLC.
However, the Mortgage, Final Title and Appraisal show the borrower as an
individual. Resolved 09/XX/2025 - Received Quit claim deed as the reflecting the borrower as individual, condition resolved. |
Resolved 09/XX/2025 - Received Quit claim deed as the reflecting the borrower as individual, condition resolved. | Resolved 09/XX/2025 - Received Quit claim deed as the reflecting the borrower as individual, condition resolved. | QC Complete | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 | 09/XX/2025 |