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Schedule 4

 

Marketing ID Infinity Loan ID Loan Number Loan Number 2 Borrower Name State QM/ATR Status Initial Overall Loan Grade Final Overall Grade Final Credit Grade Final Property Grade Final Compliance Grade Material (level 3) TRID exception? Material (level 3) Non-TRID exception? Active Material Exceptions Active Non Material Exceptions Satisfied Exceptions Waived Exceptions Compensating Factors Property Type Note Date LTV CLTV Occupancy Purpose Credit Score Brwr 1 Yrs in Property Brwr 1 Occupation Brwr 1 Yrs on Job Total Monthly Income Mortgage History Cash Out Amount DTI FTHB Flag Loan Doc Type Loan Status Review Date
10 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Please provide a copy of the insurance document for the property located at XX, as the document we received shows an incorrect insurance address.

Resolved 10/20/2025 : Received address affidavit document , condition resolved.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of Lease agreement for the property XX.


Resolved 10/13/2025 - Received lease agreement for property XX, condition resolved.
    Single Family XX 75.000% 75.000% Investor Purchase 800   XX 8.16 $29,956.49 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.054% No Alternative QC Complete 09/25/2025
15 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a copy of borrower government identification, as it is missing.

Resolved 10/20/2025 - Received borrower driving license , condition resolved.
    2 Family XX 64.516% 64.516% Investor Cash Out 760   XX 15.66 $58,222.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$489,547.84 20.037%   Full Documentation QC Complete 09/XX/2025
17 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide updated supplemental report with amount of title insurance covering the loan amount $XX.


Resolved 10/23/2025 - Received title policy, condition resolved.

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 9.204% Allowed 8.250% Overby +0.954%

This loan is compliant with regulation 1026.35.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide UDM for borrower (XX) as it is required by the guideline.


09/11/2025 Resolved: Resolved as UDM is not applicable on correspondent loans.

*** (CURED) State Higher Price Mortgage Loan - EV R
COMMENT:   (CA AB 260, California Financial Code Division 1.9 4995(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 9.204% Allowed 8.250% Overby +0.954%

This loan is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a).
    Single Family XX 90.000% 90.000% Primary Purchase 763   XX 4.5 $6,656.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.244% Yes Alternative QC Complete 09/02/2025
18 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Resolved 11/06/2025: Received Initial Closing Disclosure dated 09/XX/2025 and exception is cleared.
    Single Family XX 49.991% 49.991% Primary Purchase 802   XX 7.5 $7,392.72 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.617% No Alternative QC Complete 10/22/2025
20 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 737   XX 8.91 $4,044.91 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.718% No Alternative QC Complete 10/22/2025
21 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 741   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/22/2025
23 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   The hazard insurance coverage amount of $XX is less than the loan amount of $XX. Please provide a Replacement Cost Estimator (RCE).


Resolved 10/28/2025 - Received processors cert with RCE covers at least the dwelling amount, condition resolved.
    Single Family XX 75.740% 75.740% Primary Cash Out 774 1.58 XX 6 $18,431.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$234,179.94 40.208%   Full Documentation QC Complete 10/10/2025
25 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.141% Allowed 7.810% Overby +0.331%


This loan is compliant with regulation 1026.35.
    Single Family XX 85.000% 85.000% Primary Purchase 724   XX 2.83 $62,248.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  5.058% No Alternative QC Complete 11/07/2025
26 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Property Issues indicated - EV R
COMMENT:   Correction required for Appraisal Report Transaction type change from Purchase to Refinance.


Resolved 11/24/2025 - Received revised appraisal report, condition resolved.
    Single Family XX 46.909% 46.909% Primary Refinance 789 9.42 XX 15 $2,666.62 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.916%   Alternative QC Complete 11/07/2025
27 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a copy of borrower ID as it is missing.

Resolved on 10/20/2025 : Received driving license for both the borrowers, condition resolved.
    Single Family XX 70.000% 70.000% Secondary Purchase 803   XX 1.25 $31,250.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.252% No Full Documentation QC Complete 09/25/2025
28 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The April 2025 bank statement for XX checking account ending in XX is not included in the loan file.


Resolved 10/28/2025 - Received Bank statement for month of April 2025, condition resolved.
    Single Family XX 80.000% 80.000% Investor Purchase 754   XX 12.33 $205,410.93 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  3.491% No Alternative QC Complete 10/10/2025
29 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Title Issue - EV R
COMMENT:   Missing liability policy for the settlement agent.


Resolved 11/07/2025 - Received master liability policy, condition resolved
    Single Family XX 80.000% 80.000% Secondary Purchase 785   XX 15.58 $59,869.20 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.315% No Alternative QC Complete 10/10/2025
31 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 9.663% Allowed 7.810% Overby+1.853%

This loan is compliant with regulation 1026.35.
    PUD XX 90.000% 90.000% Primary Purchase 731   XX 3.75 $9,879.04 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.891% No Alternative QC Complete 11/07/2025
32 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance - EV R
COMMENT:   The HO-6 policy on page #XX does not include the new lender or its loss payee clause.


Resolved 10/29/2025 - Received HO-6 with lender mortgage clause, condition resolved.
    High Rise Condo (>=9 Stories) XX 75.000% 75.000% Primary Purchase 781   XX   $45,318.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  25.070% No Alternative QC Complete 10/10/2025
34 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Government ID for the borrower (XX) as it is missing.


Resolved 11/20/2025 - Received Gov ID, condition resolved.
    Single Family XX 80.000% 80.000% Primary Refinance 780 0.16 XX 6.41 $24,860.61 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.179%   Alternative QC Complete 11/07/2025
35 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Incomplete or Data not complete - EV R
COMMENT:   Provide a copy of Appraisal report. Rear view photo of subject property is missing.


Resolved 10/28/2025 - Received Appraisal condition comments as subject house does not have any access to rear side, condition resolved.
    PUD XX 55.649% 55.649% Primary Cash Out 711 1 XX 2.08 $12,899.81 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$155,407.85 24.014%   Alternative QC Complete 10/10/2025
43 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 69.771% 69.771% Primary Refinance 766 2 XX 8.75 $68,820.29 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.709%   Alternative QC Complete 11/07/2025
45 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the evidence document or receipt for the HOA fee in the amount of $311.45 for the subject property, as it is missing.


Resolved 11/10/2025 - Received HOA Cert, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 69.996% 69.996% Investor Purchase 800   XX 10.92 $0.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.724% No Full Documentation QC Complete 10/22/2025
48 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of VOR for the Property XX in the amount $XX.


Resolved 10/29/2025 - Received VOR, condition resolved.
    Single Family XX 75.000% 75.000% Investor Refinance 754   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 10/10/2025
49 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Rent comparable photos are missing from the loan package. Provide photos of all rent comparables listed in the appraisal.


Resolved 10/28/2025 - Received LOE as Appraisal review team will remove the condition, condition resolved.
    Single Family XX 75.000% 75.000% Investor Purchase 757   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/10/2025
50 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 64.789% 64.789% Investor Cash Out 777   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$275,030.98     DSCR QC Complete 11/06/2025
52 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Primary Purchase 735   XX 13.75 $69,973.84 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  10.572% No Alternative QC Complete 10/23/2025
56 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide an updated Lease Agreement, as the one currently in the file expired on 06/XX/2025 and does not cover the closing date of 10/XX/2025.


Received 11/10/2025 - Received Lease ammendment for 06/XX/2026, condition resolved.
    Single Family XX 48.443% 48.443% Investor Cash Out 746   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$140,633.40     DSCR QC Complete 10/23/2025
59 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 759   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/23/2025
60 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 789   XX 16.75 $8,924.20 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.866% No Full Documentation QC Complete 10/23/2025
62 XX XX   XX XX Non-QM/Compliant 2 2 1 2 1 No No       *** (WAIVED) Property zoned rural and contains more than 10 acres - EV W
COMMENT:   The property exceeds the maximum acreage allowed per guidelines. The XX guidelines permit up to 20 acres, while the appraisal lists the property xx acres.

A copy of an exception approval letter is available in the loan file.
LTV: 60.00% LTV is less than the guideline requirement of 80.00%.

DTI: 14.57% DTI is less than the maximum guideline requirement of 50.00%.

FICO: 690 FICO exceeds the guideline requirement of 640.

Single Family XX 60.000% 60.000% Primary Cash Out 690 2.33 XX 8.42 $109,732.58 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$3,266.53 14.569%   Alternative QC Complete 10/23/2025
66 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 64.563% 64.563% Primary Purchase 711   XX   $2,919.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  21.875% No Alternative QC Complete 11/07/2025
67 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) XX 60.000% 60.000% Investor Refinance 801   XX 6.16 $22,188.83 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.002%   Full Documentation QC Complete 11/07/2025
68 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of payoff statement for the primary property address XX


Resolved-11/10/2025- Payoff statement is not required, lox provided page#XX.
    Mid Rise Condo  (5-8 Stories) XX 60.000% 60.000% Investor Purchase 755   XX 25.83 $104,224.21 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  21.744% No Full Documentation QC Complete 10/23/2025
69 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Transmittal (1008) is Missing - EV R
COMMENT:   Provide a copy of 1008, as it is missing.


Resolved 10/28/2025 - Received 1008, condition resolved.
    PUD XX 72.930% 72.930% Investor Refinance 745   XX 15.08 $176,959.81 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  8.906%   Alternative QC Complete 10/10/2025
72 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 42.373% 42.373% Investor Cash Out 800   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$236,173.14     DSCR QC Complete 11/06/2025
74 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   The borrower self-employed. Borrower has been self employed and has owned a XX for 7 yrs. However, the borrower relocated to TX in 10/23 and has a new business in TX. We are asking for exception as the borrower will have 23 months of employment TX and not a completed 24 months at this time of close

A copy of an exception approval letter is available in the loan file.
Residual Income : $6215.12.00 monthly

DTI: 26.36% DTI is less than the maximum guideline requirement of 50.00%.

Reserves: The 7 months of available reserves are more than the guideline requirement of 3 months.
PUD XX 80.000% 80.000% Primary Purchase 707   XX 2 $8,439.96 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.361% No Alternative QC Complete 11/07/2025
77 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   The borrower has 7 NSFs in the past 12 months; however, up to 6 NSFs may be acceptable with a letter of explanation from the borrower. Two overdrafts were excluded because the account was brought current on the same day. The borrower is purchasing the property using a Gift of Equity.

A copy of an exception approval letter is available in the loan file.
LTV: 68.82% LTV is less than the guideline requirement of 85.00%.

Residual Income : $18,317.46 monthly

DTI: 30.44% DTI is less than the maximum guideline requirement of 50.00%.




Single Family XX 68.824% 68.824% Primary Purchase 686   XX 3.16 $12,904.07 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.444% No Alternative QC Complete 11/18/2025
78 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 722   XX 0.58 $9,309.51 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.412% No Full Documentation QC Complete 10/23/2025
79 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Investor Cash Out 742   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$154,122.73     DSCR QC Complete 10/23/2025
82 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide updated supplemental report with amount of title insurance covering the loan amount $XX


Resolved 10/28/2025 - Received final title policy, condition resolved.
    Single Family XX 59.494% 59.494% Primary Purchase 794   XX 1 $32,750.01 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  45.984% No Full Documentation QC Complete 10/09/2025
84 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Cash Out 742   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$134,614.93     DSCR QC Complete 11/07/2025
86 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Property Issues indicated - EV R
COMMENT:   Photos of "XX" are missing in the loan package. Provide images of "XX


Resolved 11/18/2025 - Received Appraisal without having basement garage term in photo section, condition resolved.
    Single Family XX 80.000% 80.000% Primary Purchase 713   XX 2.66 $21,447.60 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.216% No Alternative QC Complete 10/23/2025
87 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Closing Protection Letter Missing - EV R
COMMENT:   Title is required to provide a copy of the Closing Protection Letter with the Lender Loss payee clause & dated either prior to or on the day of close (Matching the Note).


Resolved 11/10/2025 - Received CPL , condition resolved.
    Single Family XX 74.534% 74.534% Primary Purchase 790   XX 22.83 $57,716.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.675% Yes Alternative QC Complete 10/23/2025
89 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 78.125% 78.125% Secondary Purchase 783   XX 4.58 $148,138.73 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  12.481% No Alternative QC Complete 10/23/2025
93 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the updated title report including the lender loss payee language “ISAOA/ATIMA” for the mortgagee.


Resolved 12/5/2025 - Received title Insured ISOA, condition resolved.
    PUD XX 80.000% 80.000% Investor Purchase 753   XX 17.16 $12,957.45 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  23.771% No Alternative QC Complete 11/07/2025
96 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Missing Required Disclosures - EV R
COMMENT:   Provide a corrected final 1003 form that includes the missing monthly principal and interest (P&I) payment for the primary property at XX.


Resolved 11/24/2025 - Received final 1003 with primary residence PITI, condition resolved.
    Single Family XX 75.000% 75.000% Investor Cash Out 747   XX 12.08 $15,686.94 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$98,167.96 37.527%   Full Documentation QC Complete 10/08/2025
97 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   The primary borrower’s driver’s license expired on November XX, 2024. Please provide a copy of the updated driver’s license.

Resolved 10/24/2025 - Received updated Govt ID, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 53.191% 53.191% Primary Purchase 795   XX 4.83 $6,697.46 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.080% No Full Documentation QC Complete 10/09/2025
99 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 780   XX 2.5 $2,308.56 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.891% No Alternative QC Complete 11/07/2025
101 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Missing proof of proceeds from Secured Loan in the amount of $XX


Resolved 11/19/2025 - Received Final CD with proceed amount, condition resolved.
    Single Family XX 80.000% 80.000% Investor Purchase 754   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/06/2025
102 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 739   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/06/2025
103 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 80.000% 80.000% Investor Purchase 799   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/23/2025
105 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.889% Allowed 8.070% Overby +0.819%   This loan is compliant with regulation 1026.35.
    PUD XX 90.000% 90.000% Primary Purchase 785   XX 4.75 $32,019.79 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  14.882% No Alternative QC Complete 10/23/2025
106 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 79.994% 79.994% Investor Purchase 782   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/23/2025
107 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide an updated copy of the appraisal, as the current version indicates “no” for the FEMA flood zone, but the property is actually located within a flood zone.


Resolved 11/19/2025 - Received corrected appraisal with flood zone Yes, condition resolved.
    PUD XX 80.000% 80.000% Secondary Purchase 797   XX   $37,812.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  22.777% No Alternative QC Complete 11/06/2025
108 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 85.000% 85.000% Investor Purchase 749   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/23/2025
111 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 55.790% 55.790% Investor Purchase 681   XX 20.75 $31,185.31 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.862% No Alternative QC Complete 10/24/2025
117 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 62.959% 62.959% Primary Refinance 767 1.16 XX 13.58 $40,833.34 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  28.808%   Full Documentation QC Complete 11/07/2025
118 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Lease agreement for the subject property (XX) is missing.


Resolved 11/24/2025 - Received lease agreement, condition resolved.
    Single Family XX 45.833% 45.833% Investor Cash Out 770   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$99,720.86     DSCR QC Complete 11/06/2025
120 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Cash Out 724 4.5 XX 9 $17,750.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$9,803.12 36.726%   Full Documentation QC Complete 10/24/2025
124 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Secondary Purchase 722   XX 21 $35,849.49 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.034% No Full Documentation QC Complete 11/06/2025
125 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure

Resolved 11/26/2025: Received Initial Closing Disclosure dated 10/XX/2025 and exception is cleared.
    PUD XX 53.127% 53.127% Primary Cash Out 787 0.91 XX 22.91 $421,575.53 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$749,842.03 1.512%   Alternative QC Complete 11/18/2025
126 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family XX 49.216% 49.216% Primary Cash Out 717 5.58 XX 6.33 $7,290.35 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$56,406.18 42.615%   Alternative QC Complete 11/18/2025
127 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 64.516% 64.516% Investor Purchase 808   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 01/16/2026
131 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 72.360% 72.360% Investor Refinance 748   XX 5.66 $8,365.11 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.032%   Full Documentation QC Complete 11/06/2025
132 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 70.000% 70.000% Investor Refinance 777   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 11/06/2025
133 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 773   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/06/2025
135 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Closing Protection Letter Missing - EV R
COMMENT:   The CPL in the file does not include the full wording of the new lender loss payee clause and is missing “ATIMA.” An updated CPL containing the complete lender loss payee verbiage is required.


11/06/2025 Resolved: Resolved as ATIMA is not required if ISOAO is available.

*** (CURED) Hazard Insurance - EV R
COMMENT:   The HOI policy in the file is missing the full wording of the new lender loss payee clause, specifically the term "ATIMA." An updated policy including the complete lender loss payee verbiage is required.


11/06/2025 Resolved: the copy of outsourcing letter resolves the condition.

*** (CURED) Letter of explanation needed for the file - EV R
COMMENT:   The Letters of Explanation (LOEs) on pages 233 and 235 of the loan file are missing a date indicating when the information was collected and/or when the borrower signed the letters.



Resolved 11/13/2025 - Received LOE with signature and the date, condition resolved.
    Single Family XX 64.762% 64.762% Investor Purchase 760   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/09/2025
138 XX XX   XX XX Not Covered/Exempt 4 1 1 1 1 No No     *** (CURED) Loan does not conform to program guidelines - EV R
COMMENT:   Exception approval required for remote online notary being used to execute the power of attorney.


Resolved 11/13/2025 - XX accept the exception for the remote online notary POA, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 73.799% 73.799% Investor Purchase 768   XX 0.66 $75,090.56 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.519% No Full Documentation QC Complete 11/06/2025
140 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 804   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/05/2025
141 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Primary Purchase 807   XX 6.16 $72,362.24 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.579% No Alternative QC Complete 01/16/2026
146 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 70.862% 70.862% Investor Purchase 767   XX 2.58   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/03/2025
150 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide updated supplemental report with amount of title insurance covering the loan amount $xx


Resolved 11/24/2025 - Received final policy, condition resolved.
    Single Family XX 72.368% 72.368% Primary Refinance 798 2.25 XX 20.66 $30,050.04 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.694%   Full Documentation QC Complete 11/05/2025
152 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 810   XX 15.75 $6,533.63 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  18.362% Yes Full Documentation QC Complete 11/19/2025
156 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 738   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/19/2025
157 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 79.684% 79.684% Primary Refinance 760 0.42 XX 3.66 $7,894.75 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.964%   Full Documentation QC Complete 11/19/2025
159 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance of $xx on the Title Commitment is less than the loan amount $XX


Resolved 11/18/2025 - Received title insured amount, condition resolved.
    Single Family XX 80.000% 80.000% Investor Purchase 766   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/24/2025
160 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 66.316% 66.316% Investor Cash Out 782   XX 17.33 $13,809.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$237,230.88 40.511%   Full Documentation QC Complete 11/05/2025
165 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Purchase 798   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/05/2025
169 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 794   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/05/2025
173 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 782   XX 0.41 $14,583.34 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.803% No Full Documentation QC Complete 11/20/2025
175 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 50.000% 50.000% Secondary Purchase 790   XX 37.33 $22,174.53 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.130% No Full Documentation QC Complete 11/19/2025
177 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 69.690% 69.690% Investor Purchase 726   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/03/2025
178 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 59.168% 59.168% Investor Cash Out 701   XX     Mos Reviewed:24
Times 1X30:1
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:1
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$116,985.93     DSCR QC Complete 11/19/2025
179 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family XX 74.097% 74.097% Primary Refinance 780 1.16 XX 9.33 $35,318.68 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.093%   Full Documentation QC Complete 12/04/2025
180 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 798   XX 5.66 $19,174.82 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.528% Yes Alternative QC Complete 12/04/2025
181 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Purchase 789   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/04/2025
182 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Investor Cash Out 724   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$49,001.75     DSCR QC Complete 12/04/2025
183 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of proposed Lender's coverage on the Title Commitment Title is less than the loan amount.  The document reflects coverage in the amount of $XX, however, the Note reflects a loan amount of $XX.

Resolved 10/21/2025 - Received title report with insured amount, condition resolved .
    Single Family XX 80.000% 80.000% Secondary Purchase 780   XX 8.75 $24,368.23 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.527% No Alternative QC Complete 10/15/2025
184 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Primary Purchase 703   XX 4.75 $8,401.12 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.478% Yes Alternative QC Complete 11/04/2025
185 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 42.765% 42.765% Primary Cash Out 793 14 XX 7.16 $217,368.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$483,714.04 7.214%   Alternative QC Complete 10/28/2025
186 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Secondary Purchase 810   XX   $15,157.23 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:
Verification Type:Credit Report
  43.713% No Alternative QC Complete 10/22/2025
188 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 777   XX 2.75 $1,275.54 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.182% No Alternative QC Complete 11/04/2025
189 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) XX 70.000% 70.000% Primary Purchase 790   XX 10.83 $424,942.97 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  4.904% Yes Alternative QC Complete 11/10/2025
192 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Investor Cash Out 749   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$8,663.55     DSCR QC Complete 11/13/2025
196 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 72.917% 72.917% Primary Cash Out 707 7 XX 7 $13,669.79 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$312,107.33 49.094%   Full Documentation QC Complete 11/12/2025
198 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Purchase 765   XX 10.75 $247,121.18 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  8.241% No Alternative QC Complete 11/10/2025
199 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 738   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/12/2025
201 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Purchase 732   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/27/2025
202 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 68.607% 68.607% Primary Cash Out 705 19.66 XX 14.33 $9,744.36 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$113,862.63 18.911%   Alternative QC Complete 11/05/2025
203 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 73.874% 73.874% Primary Refinance 749 1.83 XX 3.5 $19,292.50 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.629%   Alternative QC Complete 10/28/2025
208 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 51.064% 51.064% Primary Purchase 789   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 10/27/2025
209 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 56.634% 56.634% Primary Refinance 785 1.25 XX 10.5 $30,598.28 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.708%   Alternative QC Complete 11/12/2025
210 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   First time homebuyer living rent free vs First time homebuyer living rent free is not eligible

A copy of an exception approval letter is available in the loan file.
FICO: 739 FICO exceeds the guideline requirement of 720.

LTV: 85.00% LTV is less than the guideline requirement of 90.00%.

DTI: 41.916% DTI is less than the maximum guideline requirement of 43.00%.
Single Family XX 85.000% 85.000% Primary Purchase 739   XX 2.41 $28,523.65 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.916% Yes Alternative QC Complete 01/15/2026
214 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 56.393% 56.393% Primary Refinance 801 2.25 XX 0.67 $22,916.68 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  15.466%   Full Documentation QC Complete 11/05/2025
216 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 742   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/26/2025
217 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Purchase 739   XX 5.08 $143,923.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.171% No Alternative QC Complete 10/27/2025
218 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Operating Agreement for XX.


Resolved 11/21/2025 - Received operating agreement, condition resolved.
    Single Family XX 80.000% 80.000% Investor Purchase 731   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/14/2025
219 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 789   XX 2.75 $15,386.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.539% No Alternative QC Complete 12/10/2025
220 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 50.337% 50.337% Primary Refinance 703 21 XX   $1,388.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.116%   Alternative QC Complete 01/16/2026
221 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of MTG statement of property XX of $722.17  Which is missing in the file.


Resolved 11/05/2025 - Received LOX as the property is not in mortgage, condition resolved.
    PUD XX 74.667% 74.667% Investor Cash Out 742   XX 20.75 $43,582.92 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$98,398.96 33.718%   Alternative QC Complete 10/27/2025
222 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) HUD-1 Closing Statement missing or unsigned - EV R
COMMENT:   Missing Final Closing Disclosure.

Resolved 10/16/2025: Received Final Closing Disclosure dated 09/XX/2025 and exception is cleared.

*** (CURED) Hazard Insurance - EV R
COMMENT:   The hazard insurance policy in the loan file is missing the "lender loss payee clause verbiage". Missing "ISAOA/ATIMA".

Resolved 10/16/2025 - Received insurance with lender loss payee clause, condition resolved.

*** (CURED) Title Issue - EV R
COMMENT:   Missing the settlement agent's liability insurance policy. (Errors & Omissions policy).

Resolved on 10/20/2025 : Received E&O insurance policy, condition resolved.
    Single Family XX 69.231% 69.231% Primary Refinance 739 2.08 XX 2.08 $32,934.84 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.665%   Alternative QC Complete 10/14/2025
223 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Primary Purchase 738   XX 5.08 $25,600.47 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  45.665% No Alternative QC Complete 12/08/2025
224 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Condo questionnaire missing.


Resolved 11/10/2025 - Received LOX as Condo questionnaire not required for Detached, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 47.368% 47.368% Secondary Purchase 774   XX 30.08 $12,428.42 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  21.758% No Full Documentation QC Complete 11/05/2025
228 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 65.000% 65.000% Investor Cash Out 735   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$245,503.35     DSCR QC Complete 11/11/2025
229 XX XX   XX XX Not Covered/Exempt 4 2 2 1 1 No No     *** (CURED) Seller contributions exceed guideline limit - EV R
COMMENT:   Seller-paid closing costs exceed the allowable limit of 3%, with 3.30% reported.


Resolved 10/28/2025 - Received Lender response as the seller paid is 3% ( $XX / $XX ), condition resolved.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Assets waive the guideline for 5% of borrower own funds into the transaction, receiving a gift and wants to use for full cash to close.

A copy of an exception approval letter is available in the loan file.
DSCR: 1.02 DSCR exceeds the guideline requirement of 1.00.

FICO: 785 FICO exceeds the guideline requirement of 660.
Single Family XX 85.000% 85.000% Investor Purchase 785   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/21/2025
233 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 71.765% 71.765% Primary Purchase 706   XX 4.58 $26,909.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.653% No Alternative QC Complete 11/11/2025
234 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Cash Out 729   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$9,524.37     DSCR QC Complete 11/26/2025
236 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Investor Purchase 791   XX 5.83 $12,582.63 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.330% No Alternative QC Complete 11/19/2025
237 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 72.172% 72.172% Investor Refinance 725   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 11/11/2025
240 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Purchase 785   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/11/2025
242 XX XX   XX XX Non-QM/Compliant 2 2 1 2 1 No No       *** (WAIVED) Property zoned rural and contains more than 10 acres - EV W
COMMENT:   Property is in rural area with XX Acres exceeds the maximum property area

A copy of an exception approval letter is available in the loan file.
FICO: 705 FICO exceeds the guideline requirement of 700.

Reserves: The 68 months of available reserves are more than the guideline requirement of 9 months.
Single Family XX 15.819% 15.819% Primary Cash Out 705 1.58 XX 2.08 $9,000.46 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$176,463.70 49.969%   Alternative QC Complete 10/29/2025
244 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 85.000% 85.000% Investor Purchase 755   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/12/2025
245 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) The Appraisal License is Missing - EV R
COMMENT:   Appraiser Certificate License is missing in file.


Resolved 11/24/2025 - Received Appraisal certificate, condition resolved.
    Single Family XX 85.000% 85.000% Primary Purchase 757   XX 2.75 $86,501.07 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  25.495% No Alternative QC Complete 11/12/2025
246 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provided Flood Certificate show as Flood zone as in Appraisal report it is showing as No,Provide a copy of Appraisal Report.

Resolved 11/03/2025 - Corrected appraisal provided, condition resolved.
    PUD XX 67.797% 67.797% Primary Cash Out 733 2.5 XX 21.58 $332,721.95 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$264,785.69 5.518%   Alternative QC Complete 10/27/2025
247 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting exception for excessive NSF for the past 12 months. 7 total in last 12 months.

A copy of an exception approval letter is available in the loan file.
LTV: 54.76% LTV is less than the guideline requirement of 80.00%.

DTI: 37.49% DTI is less than the maximum guideline requirement of 50.00%.

Single Family XX 54.762% 54.762% Primary Cash Out 662 18 XX 3.75 $13,823.54 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$312,122.65 37.490%   Alternative QC Complete 11/13/2025
249 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 74.426% 74.426% Primary Cash Out 762 5.83 XX 16.75 $4,055.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$69,083.07 45.161%   Alternative QC Complete 11/04/2025
251 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 62.312% 62.312% Primary Purchase 764   XX 9.58 $3,075.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.460% Yes Alternative QC Complete 10/28/2025
252 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 60.246% 60.246% Primary Purchase 757   XX 2.42 $12,618.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.305% No Alternative QC Complete 10/22/2025
253 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 59.474% 59.474% Primary Purchase 751   XX 6 $109,583.36 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  11.345% No Alternative QC Complete 11/12/2025
254 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Credit: Housing Payment History to allow a non-per resident with a H1B VISA

A copy of an exception approval letter is available in the loan file.
DSCR: 1.72 DSCR exceeds the guideline requirement of 1.00.

FICO: 734 FICO exceeds the guideline requirement of 720.
2 Family XX 80.000% 80.000% Investor Purchase 734   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/22/2025
256 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Initial Escrow Acct Disclosure missing; loan has escrows - EV R
COMMENT:   Missing Initial Escrow Account Disclosure.


Resolved 12/10/2025 - The copy of Initial Escrow discl resolves the condition.
    Single Family XX 80.000% 80.000% Primary Purchase 772   XX 10.41 $5,879.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.157% Yes Alternative QC Complete 11/26/2025
257 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 798   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/27/2025
258 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Refinance 759   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 11/12/2025
259 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide the first and second pages of the September 2024 bank statement for the account ending in #XX.


Resolved 11/07/2025 - Received September month bank statement, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Cash Out 775   XX 6.66 $333,387.70 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$222,697.96 19.808%   Alternative QC Complete 11/04/2025
260 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance - EV R
COMMENT:   The Hazard Insurance in the loan file lists Borrower#2 as XX "XX" however, the name should match the Note which records the borrowers name as XX "XX". An updated proof of insurance should be obtained listing the borrowers name correctly.

Resolved 10/24/2025 - Received Lender response-The AKA's provided for the co-borrower include her last name "XX". We even have policies that don't include middle names or suffixes for example, condition resolved.
    PUD XX 79.487% 79.487% Primary Purchase 726   XX   $0.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.073% No Alternative QC Complete 10/15/2025
261 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 50.794% 50.794% Primary Purchase 783   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 11/10/2025
262 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) VOM or VOR missing/required - EV R
COMMENT:   Borrower 1 and Borrower 2 are currently renting at XX, and XX9. Please provide a copy of the Verification of Rent (VOR), as it is missing from the file.


Resolved 11/05/2025 - Received LOX as the borrowers are currently staying in rent on property XX, condition resolved.
    Single Family XX 80.000% 80.000% Investor Purchase 736   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Multiple Source Docs
    No DSCR QC Complete 10/30/2025
263 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 767   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/13/2025
265 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 785   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/12/2025
267 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 40.143% 40.143% Investor Refinance 812   XX 17.5 $22,974.58 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.426%   Full Documentation QC Complete 10/29/2025
268 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 75.000% 75.000% Investor Cash Out 753   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$83,341.31     DSCR QC Complete 11/25/2025
269 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copies of the most recent two months of bank statements to verify sufficient assets to meet the reserve requirement amount of $23,282.04, as it is missing.



Resolved 11/06/2025 - Rate and term transaction not required reserves, condition resolved.
    PUD XX 79.149% 79.149% Primary Refinance 719 3 XX 7.33 $91,832.41 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  18.437%   Alternative QC Complete 10/29/2025
270 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Investor Purchase 795   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/10/2025
271 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Income documentation does not meet guidelines - EV R
COMMENT:   Provide written verification of employment for the borrower, XX, from her employer, XX.


Resolved 12/02/2025 - Received paystub and the VVOE, condition resolved.
    Single Family XX 57.021% 57.021% Primary Cash Out 735 2 XX 8.25 $11,341.75 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$109,068.81 43.180%   Full Documentation QC Complete 11/25/2025
273 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 60.000% 60.000% Investor Cash Out 682   XX   $0.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:90
Verification Type:Credit Report
$150,112.30     DSCR QC Complete 11/05/2025
275 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 799   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/10/2025
276 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Missing flood cert - EV R
COMMENT:   Provide a copy of Flood Certificate as it is missing

Resolved 10/27/2025- Received Flood Cert, condition resolved.
    Single Family XX 56.316% 56.316% Primary Cash Out 713 20 XX 16.25 $36,290.65 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$149,800.07 16.743%   Alternative QC Complete 10/22/2025
277 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 80.000% 80.000% Investor Purchase 789   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/04/2025
281 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Property Issues indicated - EV R
COMMENT:   Please provide an updated copy of the appraisal report that includes rental comparables.


Resolved 11/14/2025 - Received rental comparable with photo copy, condition resolved.
    2 Family XX 75.000% 75.000% Investor Cash Out 710   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$6,994.05     DSCR QC Complete 10/27/2025
282 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 786   XX 9.75 $9,548.34 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.724% No Full Documentation QC Complete 10/29/2025
283 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Dwelling coverage amount $XX reflecting on the hazard insurance policy is not sufficient to cover the loan amount $XX

Resolved 11/03/2025 - RCE provided, condition resolved.
    Single Family XX 80.000% 80.000% Primary Purchase 749   XX 0.41 $15,482.41 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.151% No Full Documentation QC Complete 10/29/2025
284 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Missing Master policy.


Resolved 10/28/2025 - Received master policy, condition resolved.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the Condominium Questionnaire, as it is missing.


Resolved 10/23/2025 - Received condo questionnaire, condition resolved.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the closing protection letter (CPL), as it is missing.


Resolved 10/23/2025 - Received client LOX as CPL is not required for NY state, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 746   XX 2.42 $8,184.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  32.297% Yes Alternative QC Complete 10/15/2025
286 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 788   XX 9.83 $79,999.81 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.220% No Alternative QC Complete 12/04/2025
287 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 80.000% 80.000% Investor Purchase 729   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/28/2025
288 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception for Housing Payment History.

A copy of an exception approval letter is available in the loan file.
FICO: 739 FICO exceeds the guideline requirement of 640.

LTV: 60.00% LTV is less than the guideline requirement of 80.00%.

Residual Income : $4,111.53 monthly   
Low Rise Condo  (1-4 Stories) XX 60.000% 60.000% Primary Purchase 739   XX   $3,643.70 Mos Reviewed:
Times 1X30:
Times 1X60:
Times 1X90:
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:
Verification Type:
  33.808% Yes Full Documentation QC Complete 10/28/2025
289 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 724   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/13/2025
291 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.173% Allowed 7.810% Overby +0.363%

This loan is compliant with regulation 1026.35
    PUD XX 85.000% 85.000% Primary Purchase 710   XX 5.33 $8,879.55 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.256% Yes Alternative QC Complete 11/11/2025
292 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 733   XX 3 $27,311.11 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.573% No Alternative QC Complete 11/13/2025
293 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 76.721% 76.721% Primary Refinance 791 1.75 XX 4 $15,912.87 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.559%   Full Documentation QC Complete 12/04/2025
295 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 756   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 01/16/2026
297 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 772   XX 2.33 $14,977.60 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  17.831% Yes Alternative QC Complete 11/11/2025
298 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Primary Purchase 727   XX 2.33 $61,379.12 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  8.897% Yes Alternative QC Complete 10/28/2025
302 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 43.750% 43.750% Primary Purchase 691   XX   $32,192.09 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  15.670% No Alternative QC Complete 11/04/2025
303 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Purchase 768   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/10/2025
306 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 65.000% 65.000% Investor Refinance 752   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  12.879%   Alternative QC Complete 10/22/2025
307 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 72.000% 72.000% Primary Refinance 746 1.67 XX 8.75 $10,192.14 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  28.711%   Alternative QC Complete 11/20/2025
310 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 42.857% 42.857% Primary Purchase 803   XX   $13,184.68 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.612% No Alternative QC Complete 11/13/2025
312 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 702   XX 3 $14,904.57 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.051% Yes Alternative QC Complete 11/10/2025
313 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Social Security Award letter.

Resolved 11/25/2025 - Received SSA letter, condition resolved.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Use of the Knock program for the departing residence and omitting PITIA on that property accordingly.

A copy of an exception approval letter is available in the loan file.
LTV: 72.56% LTV is less than the guideline requirement of 90.00%.

DTI: 5.48% DTI is less than the maximum guideline requirement of 50.00%.



Single Family XX 72.563% 72.563% Primary Purchase 714   XX   $14,426.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.528% No Alternative QC Complete 01/15/2026
316 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 72.283% 72.283% Primary Refinance 786 2 XX 9.08 $9,767.77 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.539%   Full Documentation QC Complete 10/27/2025
318 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 29.714% 29.714% Primary Cash Out 748 20 XX 18.16 $17,331.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$83,313.09 23.545%   Alternative QC Complete 11/10/2025
320 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Final Application Incomplete - EV R
COMMENT:   The final 1003 must be updated to indicate the refinance type as “Cash-Out.”


Resolved 11/19/2025 - Loan is delayed financing and should be classified as rate and term, condition resolved.

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 7.688% Allowed 7.660% Overby +0.028%

This loan is compliant with regulation 1026.35.

*** (CURED) Loan does not conform to program guidelines - EV R
COMMENT:   Cash to borrower is $607,104.31, which exceeds the permitted cash-out cap of $500,000 and does not meet guideline requirements.


Resolved 11/19/2025 - Loan is delayed financing and should be classified as rate and term, condition resolved.
    Single Family XX 80.000% 80.000% Investor Cash Out 776   XX 4.5 $22,706.49 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$622,689.31 48.293%   Full Documentation QC Complete 01/15/2026
322 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Primary Purchase 710   XX 3.91 $155,381.45 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  15.738% No Alternative QC Complete 10/21/2025
324 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Final Application Incomplete - EV R
COMMENT:   Page 1 of the 1003 lists the borrower’s primary residence as XXy, while Page 4 identifies the subject property as the primary residence. Despite this inconsistency, the loan was originated and underwritten as a second home.

Not Resolved 11/19/2025 - Received LOX, however required updated corrected 1003 application showing the REO section property XX to be changed as Second home, condition not resolved.

Resolved 11/25/2025 - Received corrected 1003 for REO section, condition resolved.

*** (CURED) Income documentation does not meet guidelines - EV R
COMMENT:   Payments received on a Note executed within the past 12 months, regardless of its term, cannot be considered stable income. A copy of the Note must be provided to document the terms— including payment amount, frequency, and duration— and to confirm that the income is expected to continue for at least three (3) years. If the borrower is not the original payee on the Note, the creditor must verify that the borrower has the legal right to enforce it.

Resolved 11/12/2025- Received Note document with Creditor sign, condition resolved.
    Single Family XX 76.482% 76.482% Secondary Cash Out 735   XX   $6,943.37 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$43,191.15 44.876%   Alternative QC Complete 11/10/2025
325 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the Seller’s Statement that includes the seller’s signature.

Resolved 10/17/2025 -  Received updated Seller Statement with seller signature, condition resolved.
    Single Family XX 80.000% 80.000% Primary Purchase 765   XX 15.16 $26,980.44 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.514% No Alternative QC Complete 10/13/2025
326 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 57.377% 57.377% Primary Refinance 785 1.16 XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 10/21/2025
328 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Cash Out 707 2 XX 2.83 $17,416.06 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$65,500.28 39.691%   Alternative QC Complete 12/10/2025
329 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Hazard Insurance with annual premium reflecting on it.


Resolved 11/20/2025 - Received hazard insurance document with annual premium, condition resolved.
    Single Family XX 75.000% 75.000% Investor Cash Out 747   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:30
Verification Type:Credit Report
$222,566.00     DSCR QC Complete 11/07/2025
330 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 54.237% 54.237% Primary Cash Out 712 25 XX 10.25 $37,955.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$152,797.36 12.341%   Alternative QC Complete 11/13/2025
332 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 60.000% 60.000% Primary Purchase 812   XX   $52,319.52 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.581% No Full Documentation QC Complete 10/29/2025
333 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.194% Allowed 7.790% +Overby 0.404%

This loan is compliant with regulation 1026.35.
    Single Family XX 90.000% 90.000% Primary Purchase 764   XX 5.75 $2,490.86 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:
Verification Type:Credit Report
  37.853% Yes Alternative QC Complete 10/27/2025
334 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 737   XX 10.58 $9,240.47 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.062% Yes Alternative QC Complete 11/20/2025
337 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   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 $XX.


Resolved 11/21/2025 - Received title commitment, condition resolved.

*** (CURED) Subject or Comp Photos are missing or illegible - EV R
COMMENT:   Rent comparable #1 photos are missing from the loan package. Provide photos of rent comparable #1 listed in the appraisal.

Resolved 11/17/2025 - Received Lender response : Rent comparable #1 is the same address as the sale comparable #1. Photo is included for sale comparable #1, condition resolved.
    2 Family XX 72.794% 72.794% Investor Cash Out 735   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$103,575.77     DSCR QC Complete 11/12/2025
338 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 763   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/09/2025
341 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Hazard Insurance - EV R
COMMENT:   The mortgagee clause on the master insurance policy must reflect XX mortgagee clause.


Resolved 12/02/2025 - Received mortgage clause, condition resolved.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Property tax documentation is missing for XX

Resolved 11/17/2025 - Received Tax Info, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Purchase 783   XX 11.25 $0.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.880% No Full Documentation QC Complete 11/13/2025
342 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   FTHB Living Rent free for last 5 years.

A copy of an exception approval letter is available in the loan file.
LTV: 75.00% LTV is less than the guideline requirement of 90.00%.

DTI: 18.09% DTI is less than the maximum guideline requirement of 50.00%.
2 Family XX 75.000% 75.000% Primary Purchase 705   XX 4.75 $44,918.11 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  18.091% Yes Alternative QC Complete 11/12/2025
343 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Missing supporting documentation for the additional PITIA component in the amount of $426.97.


Resolved 11/18/2025 - Received Condo Questionnaire and LOW for the value $426.97, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 745   XX 3.75 $17,689.85 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.131% No Alternative QC Complete 11/13/2025
347 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 57.377% 57.377% Investor Cash Out 664   XX     Mos Reviewed:24
Times 1X30:2
Times 1X60:1
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$336,477.95     DSCR QC Complete 10/29/2025
348 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 78.399% 78.399% Primary Refinance 794 0.83 XX 6.08 $226,816.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  4.561%   Alternative QC Complete 11/04/2025
349 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Housing Payment - EV R
COMMENT:   Missing documentation for taxes and insurance on below rental properties.

1). XX

2). XX

Resolved 11/19/2025 - Received tax and insurance for rental properties, condition resolved.
    Single Family XX 18.519% 18.519% Primary Cash Out 714 30 XX 35.75 $9,546.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$87,995.88 41.061%   Alternative QC Complete 01/15/2026
350 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 796   XX 8.75 $45,051.24 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  22.553% No Full Documentation QC Complete 11/07/2025
351 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 74.990% 74.990% Investor Purchase 768   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/10/2025
352 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of title supplement report as the insured amount $XX is not covering the loan amount $XX


Resolved 11/13/2025 - Received title policy, condition resolved.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Mortgage MERS - MIN number available for 16 digits. Required 18 digit MIN number.


Resolved 11/6/2025 - Received 18 digit MIN number, condition resolved.
    Single Family XX 69.237% 69.237% Primary Refinance 740 0.5 XX 5.75 $33,606.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.040%   Alternative QC Complete 11/04/2025
353 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 700   XX 5.58 $36,829.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.999% No Alternative QC Complete 11/12/2025
355 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Loan amount of $XX, below the minimum of $100,000.00  A copy of an exception approval letter is available in the loan file.
FICO: 766 FICO exceeds the guideline requirement of 720.
 DSCR: 1.44 DSCR exceeds the guideline requirement of 0.50.
 Reserves: The 82 months of available reserves are more than the guideline requirement of 6 months.
Single Family XX 75.000% 75.000% Investor Cash Out 766   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$85,771.70     DSCR QC Complete 11/10/2025
358 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 66.377% 66.377% Investor Refinance 811   XX 3.41 $15,575.73 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.449%   Full Documentation QC Complete 10/17/2025
359 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 63.683% 63.683% Secondary Purchase 790   XX 7.08 $10,526.53 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.934% No Full Documentation QC Complete 11/26/2025
361 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 69.824% 69.824% Primary Refinance 792 1.08 XX 7.33 $134,742.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  7.439%   Alternative QC Complete 11/20/2025
362 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 38.461% 38.461% Primary Purchase 811   XX 5.83 $9,819.53 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.103% No Alternative QC Complete 01/16/2026
364 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 70.000% 70.000% Primary Purchase 782   XX 10.25 $5,980.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.679% No Full Documentation QC Complete 10/22/2025
366 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 60.000% 60.000% Investor Purchase 807   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/04/2025
368 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Purchase 778   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/05/2025
369 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 70.000% 70.000% Investor Purchase 819   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/26/2025
370 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 84.846% 84.846% Investor Purchase 809   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/05/2025
372 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Correction required on the 1003 form: In the REO section, the property at XX is incorrectly listed as a Primary Residence. It should be updated to reflect Investment property.

Resolved on 10/20/2025 : Received final 1003 after correction , condition resolved.
    2 Family XX 75.000% 75.000% Investor Cash Out 758   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$168,575.23     DSCR QC Complete 10/14/2025
373 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 747   XX 7.5 $36,884.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  17.669% Yes Alternative QC Complete 11/13/2025
375 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Property Issues indicated - EV R
COMMENT:   Provide updated appraisal with change in flood zone from X to AE.


Resolved 11/19/2025 - Received corrected appraisal report, condition resolved.
    PUD XX 80.000% 80.000% Primary Purchase 757   XX 3.33 $9,500.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.159% No Alternative QC Complete 11/11/2025
377 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.432% Allowed 7.790% Overby+0.642%

This loan is compliant with regulation 1026.35.
    Single Family XX 75.000% 75.000% Primary Cash Out 684 1 XX 4.75 $6,609.97 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$184,058.61 48.079%   Alternative QC Complete 11/11/2025
378 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 773   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/04/2025
379 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   FTHB living rent free

A copy of an exception approval letter is available in the loan file.
FICO: 798 FICO exceeds the guideline requirement of 720.

DTI: 3.95% DTI is less than the maximum guideline requirement of 50.00%.

Reserves: The 22 months of available reserves are more than the guideline requirement of 6 months.
High Rise Condo (>=9 Stories) XX 80.000% 80.000% Primary Purchase 798   XX 4 $295,867.06 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  3.950% Yes Alternative QC Complete 11/10/2025
381 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Title Issue - EV R
COMMENT:   Missing the settlement agent's liability insurance policy. (Errors & Omissions policy).


Resolved 10/22/2025 - Received E&O policy, condition resolved.
    Single Family XX 79.628% 79.628% Primary Purchase 732   XX 6.33 $328,605.79 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  6.301% No Alternative QC Complete 10/14/2025
382 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 65.000% 65.000% Secondary Purchase 786   XX 4.33 $356,168.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  1.887% No Alternative QC Complete 11/28/2025
384 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Refinance 759   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 11/04/2025
385 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 56.391% 56.391% Primary Cash Out 790 7.66 XX 7 $53,564.69 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$498,387.83 34.442%   Full Documentation QC Complete 10/29/2025
386 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 45.817% 45.817% Primary Refinance 762 1.16 XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  15.865%   Alternative QC Complete 11/13/2025
387 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Intent to Proceed Missing  - EV R
COMMENT:   Missing Intent to Proceed Document.

Resolved 10/23/2025: Received Intent to Proceed dated 09/XX/2025 and exception is cleared.

*** (CURED) Missing Required Disclosures - EV R
COMMENT:   Provide supporting documentation to verify the 'Other' component of PITI listed on the application in the amount of $1,000.

Resolved 10/29/2025 - Received corrected 1003 by removing other payment $1000, condition resolved.
    Single Family XX 79.983% 79.983% Primary Purchase 801   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Full Documentation QC Complete 01/15/2026
388 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 64.579% 64.579% Primary Refinance 754 1 XX 10.5 $81,760.55 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.005%   Alternative QC Complete 11/07/2025
389 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family XX 70.000% 70.000% Primary Purchase 732   XX 18.33 $30,475.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  17.153% Yes Alternative QC Complete 10/29/2025
390 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 74.257% 74.257% Investor Cash Out 747   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$215,019.66     DSCR QC Complete 11/12/2025
391 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 50.230% 50.230% Investor Cash Out 702   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$42,476.86     DSCR QC Complete 11/20/2025
392 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.185% Allowed 7.740% Overby+0.445%

This loan is compliant with regulation 1026.35.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The mortgage being paid off is solely in XX name. Since the current borrower has no housing history, a rent-free letter signed by both the borrower and XX is required.

Resolved 11/17/2025 - Received lender response:The mortgage payment is being made out of a joint XX account that we have in the file. Also this is a refi on this file and the other borrower is no longer living rent free in this property so no rent free letter is needed as they are paying the mortgage now and our mortgage is in their name also.
    Single Family XX 85.000% 85.000% Primary Refinance 729 5 XX 3.16 $16,552.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.462%   Alternative QC Complete 11/11/2025
393 XX XX   XX XX Not Covered/Exempt 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide supporting documents for $1,197.01 the primary property "XX" as it is missing.


Resolved 11/24/2025 - Received mortgage statement for primary property, condition resolved.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Subject property is a log home.

A copy of an exception approval letter is available in the loan file.
FICO: 758 FICO exceeds the guideline requirement of 700.

Residual Income : $7,174.41 monthly

DTI: 44.44% DTI is less than the maximum guideline requirement of 50.00%.
PUD XX 68.908% 68.908% Investor Cash Out 758   XX 16.75 $12,912.84 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$211,264.47 44.440%   Alternative QC Complete 11/11/2025
395 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 770   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/22/2025
396 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 82.432% 82.432% Investor Refinance 749   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 10/28/2025
398 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Title Issue - EV R
COMMENT:   Missing the settlement agent's liability policy. (Errors & omissions policy).


Resolved 11/04/2025 - Received E&O Policy, condition resolved.
    PUD XX 80.000% 80.000% Primary Purchase 805   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 10/28/2025
399 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 69.838% 69.838% Investor Cash Out 721   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$64,699.75     DSCR QC Complete 11/28/2025
401 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 729   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/13/2025
402 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 806   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/29/2025
403 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 79.817% 79.817% Investor Purchase 733   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/13/2025
404 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 70.000% 70.000% Investor Purchase 797   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/27/2025
405 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Request to waive the 2nd appraisal report. The CDA variance is -15.6% but the CDA value is $XX and the purchase price is $XX. Both the appraisal and CDA support the appraised value.

A copy of an exception approval letter is available in the loan file.
DTI: 45.50% DTI is less than the maximum guideline requirement of 50.00%.

FICO: 748 FICO exceeds the guideline requirement of 740.

Reserves: The 13 months of available reserves are more than the guideline requirement of 9 months.
Single Family XX 80.000% 80.000% Investor Purchase 748   XX 9.75 $2,126.47 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.965% No Full Documentation QC Complete 11/12/2025
406 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 60.150% 60.150% Primary Cash Out 752 2 XX 21.41 $14,044.65 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$219,957.05 28.030%   Alternative QC Complete 11/13/2025
407 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Loan file does not meet guidelines requirement. As per guidelines 50% DTI allowed. However, Calculated DTI is 52.575%

A copy of an exception approval letter is available in the loan file.
FICO: 783 FICO exceeds the guideline requirement of 700.

Reserves: The 74 months of available reserves are more than the guideline requirement of 8 months.

LTV: 70.00% LTV is less than the guideline requirement of 85.00%.
PUD XX 70.000% 70.000% Primary Purchase 783   XX   $1,339.40 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  52.575% No Full Documentation QC Complete 01/15/2026
411 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 59.206% 59.206% Investor Refinance 805   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 11/11/2025
412 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title updated supplement report to cover the loan amount.


Resolved 10/29/2025 - Received title report with insured amount, condition resolved.
    PUD XX 75.000% 75.000% Primary Purchase 790   XX 7.91 $24,201.30 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.541% Yes Full Documentation QC Complete 10/22/2025
414 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Assets are not sufficient to close - EV R
COMMENT:   The available assets are insufficient to cover the required reserves and cash to close. Please provide a copy of the seller statement or seller closing disclosure for the property at XXt for $XX, as this document is currently missing.


Resolved 11/03/2025 - Received Seller CD with closing amount $XX for property # XX, condition resolved.
    PUD XX 85.000% 85.000% Primary Purchase 750   XX 3.08 $38,279.36 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.044% No Alternative QC Complete 10/22/2025
418 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide updated supplemental report with amount of title insurance covering the loan amount $XX

Resolved 10/31/2025 - Received title supplement report with insured amount, condition resolved.
    Single Family XX 80.000% 80.000% Primary Purchase 740   XX 21.33 $69,500.61 Mos Reviewed:24
Times 1X30:2
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  15.875% No Alternative QC Complete 01/15/2026
420 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family XX 58.571% 58.571% Primary Cash Out 756 1.91 XX 13.66 $17,830.93 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$15,596.16 35.922%   Alternative QC Complete 12/02/2025
421 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 62.162% 62.162% Primary Purchase 676   XX 17.75 $18,226.24 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.258% No Alternative QC Complete 10/21/2025
423 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Purchase 755   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/29/2025
425 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 57.389% 57.389% Primary Refinance 801 0.5 XX 5.5 $138,026.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.130%   Alternative QC Complete 11/04/2025
426 XX XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.867% Allowed 7.720% Overby+1.147%

This loan is compliant with regulation 1026.35.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception requested for limited documentation to sufficiently verify rental payments.

A copy of an exception approval letter is available in the loan file.
FICO: 794 FICO exceeds the guideline requirement of 720.

DTI: 35.17% DTI is less than the maximum guideline requirement of 43.00%.

Reserves: The 19 months of available reserves are more than the guideline requirement of 3 months.
Single Family XX 90.000% 90.000% Primary Purchase 773   XX 2.58 $11,285.71 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.175% Yes Alternative QC Complete 01/15/2026
427 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Purchase 753   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/25/2025
428 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Please provide copies of the lease extension agreements for XX (Units 1, 2, and 3), as all current leases have expired.


Resolved 11/14/2025 - Received lease agreement, condition resolved.
    4 Family XX 55.556% 55.556% Investor Cash Out 767   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$343,836.58     DSCR QC Complete 11/11/2025
429 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 724   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/29/2025
432 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Purchase 712   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/25/2025
434 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of condo questionnaire as it is missing.


Resolved 11/04/2025 - Received LOX as condo questionnaire is not required for FNMA Approved project, condition resolved.
    High Rise Condo (>=9 Stories) XX 80.000% 80.000% Primary Purchase 796   XX 0.08 $13,591.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  23.487% Yes Full Documentation QC Complete 10/29/2025
435 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 808   XX 2 $46,145.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  9.597% Yes Alternative QC Complete 11/11/2025
437 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Purchase 796   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/10/2025
438 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 724   XX 2.16 $6,912.29 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.676% Yes Alternative QC Complete 11/20/2025
441 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide updated supplemental report with amount of title insurance covering the loan amount $XX

Resolved 10/20/2025 : Received title report with amount of title insurance covering the loan amount, condition resolved.
    Single Family XX 44.980% 44.980% Primary Purchase 809   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 10/08/2025
442 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Cash Out 745   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$136,337.11     DSCR QC Complete 11/21/2025
447 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Missing Final Closing Disclosure.

Resolved 10/29/2025: Received Final Closing Disclosure dated 10/XX/2025 and exception is cleared.
    3 Family XX 80.000% 80.000% Investor Purchase 734   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 01/15/2026
450 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Refinance 796 1.66 XX 9.33 $12,591.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.228%   Full Documentation QC Complete 11/25/2025
451 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of proof of omission for below liability account:

1)XX Balance:$8,0000 and Payment:$516
2)XX Balance:$5,000 and Payment $390

Resolved 11/17/2025 - Received Lender response, condition resolved.
    PUD XX 68.841% 68.841% Primary Refinance 677 8.08 XX 7.75 $28,492.23 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.385%   Alternative QC Complete 11/11/2025
452 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the lease agreement for the subject property located at XX


Resolved 11/14/2025 - Purchase investment not required lease agreement, condition resolved.
    2 Family XX 80.000% 80.000% Investor Purchase 752   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/07/2025
453 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Credit: Housing Payment History : waive prior verification of rent from when borrower was living overseas.

A copy of an exception approval letter is available in the loan file.
FICO: 766 FICO exceeds the guideline requirement of 720.

Reserves: The 7 months of available reserves are more than the guideline requirement of 6 months.

DSCR: 1.52 DSCR exceeds the guideline requirement of 1.00.
2 Family XX 85.000% 85.000% Investor Purchase 766   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/04/2025
455 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Purchase 784   XX 5.91 $46,739.59 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.788% No Alternative QC Complete 11/21/2025
457 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 742   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/25/2025
458 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Hazard Insurance - EV R
COMMENT:   The Hazard insurance policy binders in the loan file that are "active" are both dated 10/XX/2025 however, the note & close of escrow date is 10/XX2/2025. There was no active policy in place at the time of official close of the subject transaction. (there are several "QUOTED policies in the file however, those are not active or in place prior to or equal to the note date/close date). Guidelines require Hazard insurance be effective on or before the note/close date. A valid policy should have been obtained to document the building's dwelling coverage prior to close.


Resolved 10/23/2025 - Received Client response as " This is an escrow state and the loan did not disburse until 10/XX. There for the hoi policy dated 10/XX was valid ", condition resolved.
    4 Family XX 85.000% 85.000% Investor Purchase 805   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/15/2025
462 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 60.000% 60.000% Investor Cash Out 750   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$142,192.29     DSCR QC Complete 10/06/2025
465 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Cash Out 785 1.08 XX 30.75 $10,550.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$393,077.36 39.296%   Alternative QC Complete 11/07/2025
466 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 777   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/11/2025
467 XX XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.134% Allowed 7.740% Overby +0.394%

This loan is compliant with regulation 1026.35

*** (CURED) State Higher Price Mortgage Loan - EV R
COMMENT:   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 8.134% Allowed 7.740% Overby +0.394%

This loan is compliant with regulation Maryland COMAR 09.03.06.02B(13) , COMAR09.03.09.02B(6).
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   FICO = 4 pt FICO exception to allow up to max LTV of 90%

A copy of an exception approval letter is available in the loan file.
DTI: 44.62% DTI is less than the maximum guideline requirement of 50.00%.

Residual Income: $8,761.38 monthly.
PUD XX 90.000% 90.000% Primary Purchase 716   XX 8.83 $9,340.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.625% Yes Alternative QC Complete 11/14/2025
471 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 78.548% 78.548% Investor Purchase 741   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/21/2025
473 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Subject or Comp Photos are missing or illegible - EV R
COMMENT:   Rent comparable #1 photos are missing from the loan package. Provide photos of rent comparable #1 listed in the appraisal.


Resolved 11/25/2025 - Received corrected comparable 1 photos, condition resolved.
    Single Family XX 75.000% 75.000% Investor Cash Out 735   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$37,575.62     DSCR QC Complete 11/12/2025
475 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 65.753% 65.753% Primary Purchase 802   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 11/13/2025
478 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Income documentation does not meet guidelines - EV R
COMMENT:   Proof of disability income and documentation for the 2024 tax extension are missing.


Resolved 10/22/2025 - Received disability income document, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Purchase 729   XX   $28,145.50 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.598% No Full Documentation QC Complete 10/13/2025
479 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated appraisal report with occupancy as "Tenant" or "vacant" as the transaction type is refinance of investment.


Resolved 11/25/2025 - Received revised appraisal report, condition resolved.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Missing Final Closing Disclosure.

Resolved 11/21/2025: Received Final Closing Disclosure dated 10/XX/2025 and exception is cleared.
    Low Rise Condo  (1-4 Stories) XX 56.601% 56.601% Investor Refinance 762   XX 12.08 $32,453.70 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.160%   Full Documentation QC Complete 01/15/2026
485 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 85.000% 85.000% Primary Purchase 759   XX 6.75 $14,763.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.274% No Alternative QC Complete 11/13/2025
488 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 795   XX 2.58 $25,175.94 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.947% Yes Alternative QC Complete 11/12/2025
489 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount.



Resolved 11/14/2025 - Received title report, condition resolved.
    Single Family XX 75.000% 75.000% Investor Cash Out 735   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$42,933.50     DSCR QC Complete 11/12/2025
493 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 75.000% 75.000% Investor Purchase 775   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/07/2025
494 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Required Documentation Missing - EV W
COMMENT:   Income to allow joint bank statement for SELF product without requiring joint owner to be on the loan.

A copy of an exception approval letter is available in the loan file.
FICO: 802 FICO exceeds the guideline requirement of 740.

DTI: 38.37% DTI is less than the maximum guideline requirement of 50.00%.

Residual Income : $$5,417.81.00 monthly
Single Family XX 75.000% 75.000% Primary Purchase 802   XX 1.08 $8,791.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.374% No Alternative QC Complete 10/28/2025
495 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 747   XX 0.58 $12,500.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.828% No Full Documentation QC Complete 12/04/2025
496 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 26.970% 26.970% Primary Cash Out 740 13.25 XX 3.5 $14,272.06 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$61,146.63 22.703%   Alternative QC Complete 11/04/2025
497 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 55.090% 55.090% Primary Purchase 781   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    Yes Alternative QC Complete 10/29/2025
500 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.015% Allowed 7.670% Overby +0.345%.

This loan is compliant with regulation 1026.35.
    Low Rise Condo  (1-4 Stories) XX 90.000% 90.000% Primary Purchase 733   XX 20.91 $18,190.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.241% Yes Alternative QC Complete 11/24/2025
502 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 68.928% 68.928% Investor Cash Out 709   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$210,040.17     DSCR QC Complete 11/13/2025
503 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 62.667% 62.667% Primary Refinance 798 2.75 XX 5.42 $114,042.96 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  9.206%   Alternative QC Complete 11/20/2025
505 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Cash Out 729   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$205,828.86     DSCR QC Complete 11/12/2025
506 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 78.740% 78.740% Investor Purchase 785   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/22/2025
508 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Secondary Purchase 794   XX 17.66 $47,430.66 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  23.534% No Full Documentation QC Complete 10/21/2025
511 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 778   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/24/2025
512 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide updated supplemental report with amount of title insurance covering the loan amount $XX


Resolved 12/2/2025 - Received title report with insured amount, condition resolved.
    Single Family XX 80.000% 80.000% Investor Purchase 749   XX 2.83 $38,035.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  14.449% No Alternative QC Complete 11/21/2025
513 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) XX 75.000% 75.000% Investor Purchase 808   XX 25.16 $67,026.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  14.739% No Alternative QC Complete 10/29/2025
514 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance - EV R
COMMENT:   The Hazard Insurance in the loan file lists the property address however, it is incomplete. The location premises insured is listed as "XX" without a street number. The subject property should be listed in full as stated on the Note and all other loan documents. XXt).


Resolved 11/11/2025 - Received updated insurance document, condition resolved.
    PUD XX 80.000% 80.000% Primary Purchase 771   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 10/15/2025
515 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 779   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/24/2025
517 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 58.567% 58.567% Investor Cash Out 741   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$105,074.61 37.088%   Full Documentation QC Complete 10/27/2025
518 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Primary Cash Out 668 0.58 XX 9.41 $15,470.37 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$449,160.12 30.353%   Alternative QC Complete 01/16/2026
520 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 25.157% 25.157% Investor Cash Out 797   XX   $1,557.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$91,948.57 26.076%   Full Documentation QC Complete 11/10/2025
521 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Cash Out 765 2.33 XX 15.58 $85,904.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$100,925.48 32.704%   Alternative QC Complete 12/04/2025
523 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) XX 64.010% 64.010% Investor Purchase 757   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/24/2025
527 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 70.000% 70.000% Secondary Cash Out 790   XX 8.42 $99,849.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$480,574.34 20.247%   Alternative QC Complete 11/11/2025
528 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide hazard Insurance for subject property with correct mortgagee clause.


Resolved 11/20/2025 - Received insurance with mortgage clause, condition resolved.
    Single Family XX 70.000% 70.000% Investor Cash Out 712   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$99,964.79     DSCR QC Complete 11/05/2025
529 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated master policy with borrower name & mortgage clause reflecting on it.


Resolved 11/19/2025 - Received LOE as the master policy does not mandatory to list borrower and XX mortgagee clause, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Purchase 730   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/13/2025
530 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 72.006% 72.006% Primary Refinance 765 0.75 XX 21.25 $13,339.86 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.920%   Alternative QC Complete 11/11/2025
531 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 70.543% 70.543% Investor Purchase 784   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/04/2025
533 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Needed initial Closing Disclosure prior to 3 business days of consummation date 10/XX/2025.

Resolved 11/17/2025: Received Initial Closing Disclosure dated 10/XX/2025 and exception is cleared.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Having 2024 and 2023 transcripts, missing record of account, already have confirmation on IRS payment plan

A copy of an exception approval letter is available in the loan file.
FICO: 765 FICO exceeds the guideline requirement of 720.

LTV: 77.84% LTV is less than the guideline requirement of 85.00%.

DTI: 44.41% DTI is less than the maximum guideline requirement of 50.00%.
PUD XX 80.000% 80.000% Primary Purchase 765   XX 3.83 $38,475.68 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.415% No Full Documentation QC Complete 11/10/2025
534 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of hazard insurance with Mortgage Clause.


Resolved 11/20/2025 - Received insurance document with mortgage clause, condition resolved.
    2 Family XX 80.000% 80.000% Investor Purchase 817   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/11/2025
538 XX XX   XX XX Not Covered/Exempt 2 2 1 2 1 No No       *** (WAIVED) Property Issues indicated - EV W
COMMENT:   The subject is a log cabin; it is not acceptable by the guidelines.

A copy of an exception approval letter is available in the loan file.
FICO: 793 FICO exceeds the guideline requirement of 720.

DSCR: 1.15 DSCR exceeds the guideline requirement of 1.00.

Reserves: The 47 months of available reserves are more than the guideline requirement of 6 months.
PUD XX 80.000% 80.000% Investor Purchase 793   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 01/15/2026
539 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 801   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/09/2025
540 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 80.000% 80.000% Investor Purchase 746   XX 7.58 $16,999.05 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.886% No Full Documentation QC Complete 10/27/2025
543 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 7.880% Allowed 7.790% Overby +0.090%

This loan is compliant with regulation 1026.35.
    PUD XX 85.000% 85.000% Primary Purchase 813   XX 6.25 $11,441.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.947% Yes Alternative QC Complete 11/14/2025
545 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Project legals allow fractional ownership and Insufficient reserves, 5.14% reserve allocation andonly 12.74% reserve balance (20% required)

A copy of an exception approval letter is available in the loan file.

*** (WAIVED) Property Type does not meet eligibility requirement(s) - EV W
COMMENT:   Requesting SLE as condo is XX square feet which is less than the minimum square footage allowed of 500 sq ft

A copy of an exception approval letter is available in the loan file.
FICO: 753 FICO exceeds the guideline requirement of 720.

DTI: 26.21% DTI is less than the maximum guideline requirement of 50.00%.

LTV: 80.00% LTV is less than the guideline requirement of 85.00%.

FICO: 753 FICO exceeds the guideline requirement of 720.

DTI: 26.21% DTI is less than the maximum guideline requirement of 50.00%.

LTV: 80.00% LTV is less than the guideline requirement of 85.00%.
Mid Rise Condo  (5-8 Stories) XX 80.000% 80.000% Investor Purchase 753   XX 4.25 $14,666.66 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.208% No Full Documentation QC Complete 11/04/2025
546 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Please correct the property address on the hazard insurance to: XX


Resolved 11/7/2025 - Received hazard insurance document with corrected property address, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 70.000% 70.000% Secondary Purchase 719   XX 3.58 $34,758.15 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.751% No Alternative QC Complete 10/13/2025
547 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 810   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/01/2025
548 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 9.155% Allowed 8.810%  Overby +0.345%

This loan is compliant with regulation 1026.35.
    PUD XX 90.000% 90.000% Primary Purchase 733   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  15.187% No Alternative QC Complete 10/29/2025
553 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a copy of the driver's license or other acceptable form of identification for the borrower, as it is missing.


Resolved 10/09/2025 - Received GOV ID, condition resolved.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide updated copies of the loan approval and Form 1008, as both currently show a loan amount of $XX, which does not match the Note reflecting $XX


Resolved 10/10/2025 - Received Updated 1008 document with loan amount, condition resolved.
    Single Family XX 76.236% 76.236% Investor Purchase 790   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/07/2025
555 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.011% Allowed 7.740% Overby +0.271%

This loan is compliant with regulation 1026.35.
    Single Family XX 50.000% 50.000% Primary Cash Out 659 4.75 XX 2.5 $22,955.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$92,010.48 16.582%   Alternative QC Complete 01/16/2026
556 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide income documentation verifying $2,575.08 for the borrower, XX

Resolved 10/31/2025 - Received Lender LOX with proof of income in available bank statement, condition resolved.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide income documentation verifying $9,379.35 for the borrower, XX

Resolved 10/31/2025 - Received Lender LOX with proof of income in available bank statement, condition resolved.
    Single Family XX 80.000% 80.000% Primary Purchase 759   XX   $9,379.35 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.364% No Alternative QC Complete 10/24/2025
557 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   XX XX 30 Year Fixed 1 Yr Bank Stmt

A copy of an exception approval letter is available in the loan file.
FICO: 738 FICO exceeds the guideline requirement of 700.

LTV: 70.98% LTV is less than the guideline requirement of 80.00%.

Reserves: The 23 months of available reserves are more than the guideline requirement of 6 months.
Single Family XX 70.976% 70.976% Primary Cash Out 738 17 XX 10.66 $5,842.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$157,440.04 49.951%   Alternative QC Complete 11/07/2025
559 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide updated supplemental report with amount of title insurance covering the loan amount XX.


Resolved 11/14/2025 - Received title policy, condition resolved.
    Single Family XX 49.371% 49.371% Primary Refinance 789 30 XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 11/07/2025
561 XX XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) Credit history does not meet guidelines - EV R
COMMENT:   The loan does not meet the requirement of having three (3) tradelines from traditional credit sources that have been reported for at least 12 months prior to the application date (open or closed), including at least one (1) tradeline that has been reported for a minimum of twenty-four (24) months.

Resolved on 11/17/2025: Received credit supplement to verify 24 months payment history , condition resolved.

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 9.516% Allowed 7.740% Overby +1.776%

This loan is compliant with regulation 1026.35.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   EAD/Visa/Green Card

A copy of an exception approval letter is available in the loan file.
FICO: 726 FICO exceeds the guideline requirement of 720.

Reserves: The 6 months of available reserves are more than the guideline requirement of 3 months.

DTI: 27.77% DTI is less than the maximum guideline requirement of 50.00%.
Single Family XX 90.000% 90.000% Primary Purchase 726   XX 2.25 $10,589.29 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.766% Yes Alternative QC Complete 11/10/2025
562 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 7.832% Allowed 7.810% Overby +0.022%


This loan is compliant with regulation 1026.35.
    Low Rise Condo  (1-4 Stories) XX 90.000% 90.000% Primary Purchase 761   XX 0.83 $4,583.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.373% No Full Documentation QC Complete 10/29/2025
563 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Subject or Comp Photos are missing or illegible - EV R
COMMENT:   Rent comparable photos are missing from the loan file. Please provide photos for all rent comparables listed in the appraisal.


Resolved 11/04/2025 - Received Rent comparable, condition resolved.
    Single Family XX 44.811% 44.811% Investor Cash Out 750   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$465,438.52     DSCR QC Complete 10/27/2025
564 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of  lease agreement for XX, as it is currently missing from the loan file.


Resolved 11/21/2025 - Received lease agreement, condition resolved.
    2 Family XX 62.292% 62.292% Investor Refinance 750   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 11/14/2025
565 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 57.971% 57.971% Primary Purchase 762   XX 19.75 $25,412.59 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.989% No Full Documentation QC Complete 01/16/2026
570 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance of $XX on the Title Commitment is less than the loan amount $XX


Resolved 10/29/2025 - Received final title policy, condition resolved.
    Single Family XX 72.838% 72.838% Investor Cash Out 802   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$322,755.38     DSCR QC Complete 10/24/2025
572 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 72.826% 72.826% Primary Cash Out 727 2 XX 5.16 $4,905.55 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$48,074.72 49.349%   Alternative QC Complete 10/28/2025
573 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 733   XX 8.66 $8,081.58 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.756% No Full Documentation QC Complete 11/13/2025
574 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Lack of full 2 year foreign income verification prior to employment gap

A copy of an exception approval letter is available in the loan file.
FICO: 756 FICO exceeds the guideline requirement of 720.

DTI: 42.36% DTI is less than the maximum guideline requirement of 50.00%.

LTV: 80.00% LTV is less than the guideline requirement of 85.00%.
Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Purchase 756   XX 1.75 $3,250.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.357% No Full Documentation QC Complete 10/31/2025
576 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Refinance 724   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 11/12/2025
578 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 746   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/05/2025
579 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 67.213% 67.213% Primary Refinance 762 2.75 XX 4.16 $16,708.43 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.171%   Full Documentation QC Complete 11/13/2025
580 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 70.000% 70.000% Investor Purchase 756   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/10/2025
582 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 80.000% 80.000% Investor Purchase 725   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/09/2025
583 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 74.657% 74.657% Investor Refinance 746   XX 12.08 $28,248.09 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.797%   Full Documentation QC Complete 10/28/2025
584 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 790   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/10/2025
585 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Subject or Comp Photos are missing or illegible - EV R
COMMENT:   Provide a copy of the updated appraisal report, including interior photos, comparable sales photos, and page 7, which is currently missing.


Resolved 11/11/2025 - Received appraisal report page no 7, condition resolved.
    2 Family XX 75.000% 75.000% Investor Purchase 702   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/29/2025
587 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) DTI > 50% - EV R
COMMENT:   Provide documentation to support the exclusion of XX


Resolved 11/28/2025 - Received LOX as the account is paid off, condition resolved.
    Single Family XX 75.000% 75.000% Primary Cash Out 740 19 XX 3.41 $11,553.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$67,154.66 48.382%   Alternative QC Complete 11/21/2025
588 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Missing required 1-4 family rider - EV R
COMMENT:   Provide a copy of 1-4 family rider, as it is missing.

Resolved 10/21/2025 - Received 1-4 family rider, condition resolved.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the closing protection letter (CPL), as it is missing.

Resolved 10/21/2025 - Received Lender response "there is no CPL for the state of NY, they use an attorney who is required to carry E&O and XX coverage", condition resolved.
    Single Family XX 85.000% 85.000% Investor Purchase 758   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/15/2025
589 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 744   XX 5.58 $13,354.60 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.864% Yes Alternative QC Complete 11/12/2025
590 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Borrower Govt-ID as it is missing

Resolved 11/17/2025 - Received GOV ID, condition resolved.
    Single Family XX 80.000% 80.000% Primary Purchase 726   XX 6.18 $37,745.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.472% Yes Alternative QC Complete 11/12/2025
591 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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: Charge 7.965% Allowed 7.740% Overby+0.225%

This loan is compliant with regulation 1026.35.
    Single Family XX 85.000% 85.000% Primary Purchase 716   XX 5.75 $20,665.43 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.578% No Alternative QC Complete 11/10/2025
592 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 715   XX 4.33 $8,768.47 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.253% No Alternative QC Complete 11/12/2025
593 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 85.000% 85.000% Primary Purchase 772   XX 2.25 $20,503.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.637% No Alternative QC Complete 11/25/2025
597 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Missing Title evidence - EV R
COMMENT:   Missing Title commitment/Preliminary report.

Resolved 10/31/2025 - Received title report, condition resolved.
    4 Family XX 80.000% 80.000% Investor Purchase 794   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/27/2025
600 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 70.000% 70.000% Investor Cash Out 701   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$111,466.24     DSCR QC Complete 11/12/2025
601 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Secondary Purchase 798   XX 24.08 $26,510.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.132% No Full Documentation QC Complete 11/20/2025
604 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 51.566% 51.566% Primary Purchase 776   XX 6.08 $23,097.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.517% No Alternative QC Complete 11/10/2025
606 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Primary Purchase 779   XX 6.83 $32,077.73 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.786% No Alternative QC Complete 11/13/2025
607 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 744   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/28/2025
609 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   To allow a non-per resident with a H1B VISA

A copy of an exception approval letter is available in the loan file.
DSCR: 1.50 DSCR exceeds the guideline requirement of 0.50.

FICO: 734 FICO exceeds the guideline requirement of 720.

Reserves: The 275 months of available reserves are more than the guideline requirement of 6 months.
2 Family XX 80.000% 80.000% Investor Purchase 734   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/24/2025
610 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Purchase 803   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/04/2025
612 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Cash Out 755 4.33 XX 7.5 $25,224.02 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$366,247.40 23.987%   Alternative QC Complete 10/27/2025
613 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 783   XX 8.67 $14,435.54 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.742% No Full Documentation QC Complete 10/27/2025
615 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Purchase 789   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/27/2025
Removed from deal XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Investor Purchase 742   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 01/16/2026
621 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 724   XX 5.83 $51,634.19 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.492% No Alternative QC Complete 12/10/2025
623 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of proposed Lender's coverage on the Title Preliminary Title is less than the loan amount.  The supplement report reflects coverage in the amount of $XX, however, the Note reflects a loan amount of $XX.

Resolved 10/31/2025 - Received final title policy, condition resolved.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide bank statement #XX for month of August 2025.


Resolved 11/03/2025 - Received online bank statement sheet for Aug 2025, condition resolved.
    Single Family XX 63.153% 63.153% Investor Refinance 766   XX 9.75 $13,944.50 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  32.005%   Alternative QC Complete 10/27/2025
624 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 80.000% 80.000% Investor Refinance 750   XX 3.25 $18,446.58 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.989%   Full Documentation QC Complete 10/28/2025
625 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 70.000% 70.000% Investor Purchase 723   XX 4 $10,354.45 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.254% No Full Documentation QC Complete 10/29/2025
626 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   A copy of the April 2025 bank statement for account #XX at XX is missing from the loan documentation.


Resolved 11/14/2025 - Received April month statement, condition resolved.
    Single Family XX 64.706% 64.706% Primary Cash Out 762 7.5 XX 10 $13,333.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$323,031.54 38.761%   Alternative QC Complete 11/11/2025
627 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide updated supplemental report with amount of title insurance covering the loan amount $XX


Resolved 11/28/2025 - Received title insured amount, condition resolved.
    Single Family XX 75.000% 75.000% Primary Purchase 768   XX 6.58 $27,756.36 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.903% No Alternative QC Complete 11/10/2025
628 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Cash Out 740 9 XX 10 $22,069.99 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$193,233.29 42.025%   Alternative QC Complete 11/20/2025
629 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Original LTV (OLTV) does not meet eligibility requirement(s) - EV R
COMMENT:   Guidelines permit a maximum LTV of 75% for condotel properties; however, the submitted loan reflects an 80% LTV, which does not meet requirements.

Resolved 10/21/2025 - 75% max LTV for a condotel only applies when the loan is a cash out refinance. This loan is a purchase. LOE provided, condition resolved
    Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Secondary Purchase 780   XX 2.25 $19,020.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.335% No Full Documentation QC Complete 10/13/2025
632 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Initial Escrow Acct Disclosure missing; loan has escrows - EV R
COMMENT:   Missing Initial Escrow Account Disclosure.

Resolved 11/14/2025: Received Initial Escrow Account Disclosure dated 10/29/2025 and exception is cleared.
    Low Rise Condo  (1-4 Stories) XX 59.138% 59.138% Secondary Refinance 786   XX 16.17 $79,956.15 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  12.230%   Alternative QC Complete 11/12/2025
633 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) DTI > 50% - EV W
COMMENT:   DTI of 54% exceeds max of 50%

A copy of an exception approval letter is available in the loan file.
FICO: 734 FICO exceeds the guideline requirement of 640.

Residual Income : $10,469.94 monthly




Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Primary Purchase 734   XX 15.5 $22,671.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  53.818% No Alternative QC Complete 11/12/2025
634 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 75.000% 75.000% Investor Cash Out 789   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$59,426.86     DSCR QC Complete 10/16/2025
635 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 32.258% 32.258% Investor Cash Out 696   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$92,300.69     DSCR QC Complete 11/10/2025
637 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 747   XX 23.33 $28,432.73 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.101% No Alternative QC Complete 11/10/2025
638 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 42.307% 42.307% Primary Purchase 720   XX 13.08 $50,000.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.422% No Full Documentation QC Complete 11/10/2025
639 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Amount of title insurance $XX is missing. Provide a copy of supplemental title insurance which covers the loan amount'.



Resolved 11/13/2025 - Received title insured amount, condition resolved.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Borrower's DTI (52.959%) exceeding guideline maximum DTI 50%  A copy of an exception approval letter is available in the loan file.
FICO: 703 FICO exceeds the guideline requirement of 700.
 LTV: 80.00% LTV is less than the guideline requirement of 85.00%.
Single Family XX 80.000% 80.000% Primary Purchase 703   XX 4.75 $79,329.82 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  52.959% No Alternative QC Complete 11/10/2025
644 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 76.103% 76.103% Primary Refinance 795 1.83 XX 10.33 $39,163.89 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.397%   Alternative QC Complete 11/05/2025
645 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 64.286% 64.286% Primary Purchase 723   XX 8.16 $20,890.52 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  21.476% No Alternative QC Complete 10/29/2025
647 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 721   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/14/2025
648 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 72.289% 72.289% Primary Cash Out 727 4.58 XX 25.66 $13,035.42 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$109,896.08 44.565%   Full Documentation QC Complete 11/09/2025
649 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 75.000% 75.000% Investor Cash Out 800   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$153,249.30     DSCR QC Complete 11/11/2025
650 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 74.656% 74.656% Primary Cash Out 715 7.83 XX 0.25 $16,666.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$260,197.87 49.153%   Full Documentation QC Complete 12/05/2025
651 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 661   XX 10.25 $45,771.60 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  14.407% No Alternative QC Complete 01/16/2026
652 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a copy of government ID for the borrower (XX).

Resolved 10/27/2025- Received Government ID, condition resolved.
    2 Family XX 80.000% 80.000% Investor Purchase 752   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/22/2025
653 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Cash Out 786 25.66 XX 14.42 $19,536.04 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$223,554.58 18.931%   Alternative QC Complete 11/07/2025
654 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 797   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/27/2025
657 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   ( 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 8.270%  Allowed 7.790% OverBy +0.480%

This loan is compliant with regulation 1026.35.
    High Rise Condo (>=9 Stories) XX 90.000% 90.000% Primary Purchase 795   XX 5.33 $32,518.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.421% No Full Documentation QC Complete 01/20/2026
659 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 64.889% 64.889% Primary Cash Out 746 5.41 XX 17.83 $7,420.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$69,952.90 9.585%   Alternative QC Complete 12/08/2025
660 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Cash Out 742   XX 20.75 $43,582.62 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$99,938.15 33.788%   Alternative QC Complete 10/27/2025
662 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) XX 79.831% 79.831% Primary Refinance 776 1.5 XX 25.66 $62,362.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.777%   Full Documentation QC Complete 11/20/2025
664 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family XX 59.238% 59.238% Investor Cash Out 701   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$53,867.00     DSCR QC Complete 11/13/2025
665 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance of $XX on the Title Commitment is less than the loan amount $XX


Resolved 11/25/2025 -Received title insured amount, condition resolved.
    4 Family XX 72.995% 72.995% Investor Refinance 784   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 11/14/2025
666 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 731   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/27/2025
667 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance of $XX on the Title Commitment is less than the loan amount $XX


Resolved 11/10/2025 - Received title document, condition resolved.
    Single Family XX 70.000% 70.000% Primary Cash Out 667 13.5 XX 2.08 $6,978.64 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$199,064.48 39.586%   Alternative QC Complete 11/05/2025
668 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 767   XX 7.58 $56,819.92 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  23.176% No Alternative QC Complete 10/29/2025
670 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Subject or Comp Photos are missing or illegible - EV R
COMMENT:   Photos of rent comparables are missing from the loan package. Please provide images for all rent comparables listed in the appraisal.

Resolved 10/17/2025 -  Received  Appraisal Report with rental comparable, Condition Resolved.
    Single Family XX 79.679% 79.679% Investor Purchase 795   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/13/2025
674 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Lease agreement for the Subject Property - XX


Resolved 10/28/2025 - Received DSCR calculator with comments stating " Property units are vacant & Lease amount $800 is considered as per lender requirement, condition resolved.
    2 Family XX 70.000% 70.000% Investor Purchase 788   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/15/2025
676 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test Failed - EV R
COMMENT:   TRID violation due to Appraisal Re-Inspection fee added on Final CD dated 11/XX/2025. Initial LE dated 10/XX/2025 reflectsAppraisal Re-Inspection fee as $0.00 however, Final CD dated 11/XX/2025 reflects the  Appraisal Re-Inspection fee as $200.00, Require PCCD/COC to cure the tolerance violation of $200.00.

Resolved 12/03/2025: Received change of circumstance dated 10/XX/2025 and exception is cleared.

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.380% Allowed 7.670% Overby +0.710%

This loan is compliant with regulation 1026.35.
    Single Family XX 90.000% 90.000% Primary Purchase 785   XX 9.66 $132,025.24 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  6.453% No Alternative QC Complete 11/26/2025
678 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the closing protection letter (CPL), as it is missing.

Resolved 10/21/2025 - Received Lender response "there is no CPL for the state of NY, they use an attorney who is required to carry E&O and XX coverage", condition resolved.
    Single Family XX 73.165% 73.165% Primary Cash Out 734 5 XX 12.58 $44,010.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$499,711.99 15.858%   Alternative QC Complete 10/13/2025
680 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Cash Out 729   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$146,933.18     DSCR QC Complete 11/25/2025
681 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Cash Out 785   XX 16.42 $14,595.95 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$295,039.52 38.275%   No Documentation QC Complete 11/05/2025
682 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a clear copy of borrower ID.


Resolved 11/20/2025 - Received GOV ID, condition resolved.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception for Log home property.

A copy of an exception approval letter is available in the loan file.
LTV: 39.98% LTV is less than the guideline requirement of 85.00%.

DTI: 31.58% DTI is less than the maximum guideline requirement of 50.00%.

FICO: 769 FICO exceeds the guideline requirement of 700.
Single Family XX 38.976% 38.976% Primary Purchase 769   XX   $5,655.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.582% No Alternative QC Complete 01/15/2026
683 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Appraisal incomplete (missing map, layout, pages, etc) - EV R
COMMENT:   provide a copy of the 1004D completion report or the updated appraisal report, along with photos documenting the hole in the wall leading to the neighboring unit, mold damage, and the ceiling crack on the third floor.

Resolved 10/17/2025 - Received LOE document and invoice for repairs is also attached, condition resolved.
    Single Family XX 68.678% 68.678% Investor Cash Out 800   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$86,654.96     DSCR QC Complete 10/08/2025
684 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exclude joint personal account holder (XX) requirement to be added as coborrower on mortgage loan.

A copy of an exception approval letter is available in the loan file.
LTV: 80.00% LTV is less than the guideline requirement of 90.00%.

FICO: 740 FICO exceeds the guideline requirement of 720.

DTI: 25.67% DTI is less than the maximum guideline requirement of 50.00%.

PUD XX 80.000% 80.000% Primary Purchase 740   XX 3.92 $52,259.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  25.671% No Alternative QC Complete 12/09/2025
685 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 801   XX 6.75 $7,276.46 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.666% Yes Alternative QC Complete 11/13/2025
686 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 50.000% 50.000% Primary Purchase 804   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 12/09/2025
687 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 779   XX 5.16 $1,949.18 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.606% No Full Documentation QC Complete 11/12/2025
688 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Missing the 2025 YTD pay stub and W-2s for 2024 and 2023 for income verification.


Resolved 12/08/2025 -  Received LOX as the VVOE and satisfy the income documentation, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Secondary Purchase 807   XX 3.83 $23,470.83 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.226% No Full Documentation QC Complete 11/14/2025
689 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.152% 70.152% Investor Cash Out 767   XX 22.42 $14,033.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$466,850.22 46.357%   Alternative QC Complete 10/21/2025
692 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 48.305% 48.305% Primary Cash Out 779 0.67 XX 0.5 $20,833.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$182,465.13 25.116%   Full Documentation QC Complete 11/12/2025
694 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 731   XX 8.08 $35,796.50 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.344% Yes Alternative QC Complete 11/13/2025
695 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   To allow a non-per resident with a H1B VISA.

A copy of an exception approval letter is available in the loan file.
FICO: 734 FICO exceeds the guideline requirement of 720.

LTV: 78.13% LTV is less than the guideline requirement of 85.00%.

Reserves: The 303 months of available reserves are more than the guideline requirement of 6 months.
2 Family XX 78.125% 78.125% Investor Purchase 734   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/24/2025
696 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Purchase 721   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/09/2025
697 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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: Charge 8.658% Allowed 7.810% Overby+0.848%


This loan is compliant with regulation 1026.35.

*** (CURED) Loan does not conform to program guidelines - EV R
COMMENT:   Loan files does not meet guidelines requirement. As per guidelines "XX Product Summary: Retail, JV, DTC, WHL Bank Statement, 1099 and P&L Program" one (1) trade line reporting for a minimum of twenty-four (24) months from the application date. However, the credit report in this file does not reflect any tradeline meeting the required 24-month reporting period.


Resolved 11/19/2025 - Received VOR for rental properties and covering the 24 months trade line requirement, condition resolved.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Gift source is missing in the file (require donor statement or wiring details, and borrower statement where gift fund was received).


Resolved 11/18/2025 - Received Gift wire, condition resolved.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a updated copy of the Appraisal Report and CDA Report reflecting the correct loan number.


Resolved 11/18/2025 - Received CDA with correct loan number, condition resolved.
    Single Family XX 90.000% 90.000% Primary Purchase 738   XX 1.58 $4,613.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.472% Yes Alternative QC Complete 11/11/2025
698 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 70.000% 70.000% Investor Purchase 673   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/25/2025
699 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Correction required in REO section of (XX) Occupancy as Investment or Second Home. Provide a updated copy of Final 1003.


Resolved 11/05/2025 - Received corrected 1003, condition resolved.
    PUD XX 80.000% 80.000% Investor Purchase 736   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/29/2025
700 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 32.787% 32.787% Primary Refinance 778 0.91 XX 22.5 $199,862.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  11.656%   Alternative QC Complete 11/07/2025
702 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 83.333% 83.333% Primary Purchase 743   XX 3.75 $8,896.62 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.880% Yes Alternative QC Complete 11/13/2025
705 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 738   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/24/2025
706 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) XX 80.000% 80.000% Primary Cash Out 725 4 XX 21.75 $72,622.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$310,642.32 35.311%   Alternative QC Complete 11/03/2025
707 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 60.000% 60.000% Primary Purchase 791   XX 3.41 $35,396.06 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.892% No Alternative QC Complete 10/28/2025
708 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of proposed Lender's coverage on the Title Preliminary Title is less than the loan amount. The supplementary report reflects coverage in the amount of $XX, however, the Note reflects a loan amount of $XX

Resolved 11/03/2025 - Received final title policy, condition resolved.
    Single Family XX 75.000% 75.000% Investor Refinance 793   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 10/27/2025
709 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 62.441% 62.441% Primary Purchase 793   XX 5.16 $18,626.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.936% Yes Full Documentation QC Complete 10/24/2025
710 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 808   XX 3.16 $2,619.91 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.664% Yes Full Documentation QC Complete 11/17/2025
712 XX XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 9.602% Allowed 8.040% Overby +1.562%.

This loan is compliant with regulation 1026.35

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide sufficient assets to cover the three-month reserve requirement. Cash from borrower: $61,916.92; Reserves: $7,742.71; Total verified assets: $69,482.12; Asset shortfall: ($69,482.12 − $69,659.35) = −$177.23.


Resolved 11/10/2025 - Received Asset LOX and the requirements are sufficient, condition resolved.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Non-arms length transaction; borrower purchasing from current landlord. currently have 12 months bank statements (Aug 24 through Sept 25) **pending Oct 25 payment to have fully 12 months.

A copy of an exception approval letter is available in the loan file.
LTV: 80.00% LTV is less than the guideline requirement of 85.00%.

DTI: 11.70% DTI is less than the maximum guideline requirement of 50.00%.
2 Family XX 80.000% 80.000% Primary Purchase 657   XX 2.08 $28,235.84 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  11.698% Yes Alternative QC Complete 01/15/2026
713 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 85.000% 85.000% Investor Refinance 751   XX 3.42 $15,833.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.879%   Full Documentation QC Complete 11/04/2025
714 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Assets Verification - EV R
COMMENT:   Provide Business bank statements of XX with ending balance $6282.73 for verifying the assets.


Resolved 10/06/2025 - Received bank statement for account #XX, condition resolved.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide 24 Months Business bank statements of XX #XX for the month of 08/01/2023 to 07/31/2025 as it is missing in the file.

10/17/2025 Not resolved - Received bank statement for XX with account # 5255858 does not match with the Bank statement (XX #XX) used for calculating income in the second bank statement worksheet.

11/04/2025 - Borrower is qualified with two set of 24 months Business bank statement with total income of $45,035.00. Two accounts were used XX with income of $24,744.74 & XX with income of $20,290.54). Bank statements received in the loan file are for XX, We are still missing additional 24 months business bank statement for XX to verify income of $24,744.74.

11/19/2025 Resolved - The copy of 24 month bank statement for # XX resolves the condition.
    2 Family XX 80.000% 80.000% Primary Cash Out 722 0.08 XX 3.66 $45,035.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$67,146.76 31.255%   Alternative QC Complete 09/25/2025
715 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Purchase 754   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/28/2025
716 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Refinance 776 4 XX 1.83 $18,101.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.673%   Full Documentation QC Complete 11/20/2025
717 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Missing Form 1007.

Resolved 10/20/2025 : Received form 1007 for subject property, condition resolved.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide master insurance policy, as it is missing. Property type is condominium.

Resolved 10/24/2025 - Received Lender response, Project is detached and borrower has H03 insurance policy, condition resolved
    Low Rise Condo  (1-4 Stories) XX 75.000% 75.000% Investor Refinance 794   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 10/14/2025
718 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.020% Allowed 7.740% Overby+0.280%

This loan is compliant with regulation 1026.35.
    Single Family XX 90.000% 90.000% Primary Purchase 758   XX 2.75 $30,646.60 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  12.182% Yes Alternative QC Complete 11/11/2025
719 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Primary Cash Out 702 5.08 XX 1.5 $12,751.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$279,554.22 38.778%   Full Documentation QC Complete 11/14/2025
720 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Primary Purchase 732   XX 6.75 $6,022.83 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.284% Yes Alternative QC Complete 11/11/2025
721 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 85.000% 85.000% Investor Purchase 787   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/24/2025
724 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 77.340% 77.340% Primary Refinance 778 5 XX 10.42 $27,034.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.006%   Alternative QC Complete 11/13/2025
725 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 68.955% 68.955% Primary Purchase 756   XX 9.42 $6,273.71 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.351% No Alternative QC Complete 12/10/2025
727 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 738   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/28/2025
729 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 80.000% 80.000% Investor Purchase 741   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/28/2025
730 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 75.000% 75.000% Investor Purchase 791   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/25/2025
731 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 733   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/13/2025
733 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 79.757% 79.757% Primary Purchase 767   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.582% No Full Documentation QC Complete 10/27/2025
735 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a clear and readable copy of the borrower's (XX) driver's license.


Resolved 11/04/2025 - Received GOV ID, condition resolved.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The lease agreement provided for the subject property expired on 08/XX/2025. Please submit an updated lease agreement reflecting the new expiration date.

Resolved 10/27/2025- Received Current Lease transaction, condition resolved.
    Single Family XX 56.528% 56.528% Investor Cash Out 703   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$38,389.33     DSCR QC Complete 10/22/2025
736 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 79.592% 79.592% Primary Purchase 741   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 11/11/2025
738 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 57.295% 57.295% Primary Purchase 705   XX 7.75 $2,814.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.235% No Alternative QC Complete 11/07/2025
739 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Purchase 812   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 11/09/2025
740 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) ComplianceEase TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Resolved 12/02/2025: Received Initial Closing Disclosure dated 10/XX/2025 and exception is cleared.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Total exposure is $XX, exceeding the allowed limit of $3,500,000.

A copy of an exception approval letter is available in the loan file.
Reserves: The 56 months of available reserves are more than the guideline requirement of 13 months.

LTV: 60.76% LTV is less than the guideline requirement of 85.00%.

DTI: 15.82% DTI is less than the maximum guideline requirement of 50.00%.
PUD XX 60.764% 60.764% Primary Refinance 768 2 XX 5.08 $245,622.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.117%   Full Documentation QC Complete 11/25/2025
741 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Primary Purchase 762   XX   $13,171.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.207% Yes Alternative QC Complete 11/26/2025
744 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 70.000% 70.000% Investor Purchase 719   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/05/2025
745 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 49.636% 49.636% Primary Cash Out 777 1.5 XX 11.66 $161,120.76 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$459,920.93 9.466%   Full Documentation QC Complete 11/11/2025
749 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 61.364% 61.364% Investor Cash Out 799   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$141,937.00     DSCR QC Complete 11/04/2025
751 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   To allow a non-per resident with a H1B VISA.

A copy of an exception approval letter is available in the loan file.
LTV: 80.00% LTV is less than the guideline requirement of 85.00%.

DSCR: 1.83 DSCR exceeds the guideline requirement of 0.50.

FICO: 734 FICO exceeds the guideline requirement of 720.
2 Family XX 80.000% 80.000% Investor Purchase 734   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/24/2025
752 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.548% Allowed 7.720% Overby +0.828%

This loan is compliant with regulation 1026.35.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Rental Comparables are missing in provided appraisal report, provide an updated appraisal report.


10/27/2025 Resolved: Resolved as rental comparables is not required as the loan is owner occupied.
    Single Family XX 90.000% 90.000% Primary Purchase 756   XX 2 $31,504.88 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.315% No Alternative QC Complete 10/15/2025
756 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 75.000% 75.000% Investor Refinance 732   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 10/28/2025
757 XX XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 7.831% Allowed 7.740% Overby +0.091%

This loan is compliant with regulation 1026.35.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   FTHB living rent free for more than 12 months

A copy of an exception approval letter is available in the loan file.
FICO: 744 FICO exceeds the guideline requirement of 700.

DTI: 26.86% DTI is less than the maximum guideline requirement of 50.00%.
3 Family XX 85.000% 85.000% Primary Purchase 744   XX 10.41 $21,335.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.857% Yes Alternative QC Complete 11/25/2025
758 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Missing proof of B2 Income from the employer EV Connect.

Resolved 10/21/2025 - Received WVOE for B2, condition resolved
    Single Family XX 80.000% 80.000% Primary Purchase 771   XX 10.25 $30,517.04 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.544% No Full Documentation QC Complete 10/16/2025
759 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Refinance 746 1.5 XX 11 $81,926.88 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.298%   Alternative QC Complete 10/27/2025
760 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 80.000% 80.000% Investor Purchase 736   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/04/2025
761 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 8.583% Allowed 7.740% Overby +0.843%


This loan is compliant with regulation 1026.35.

*** (CURED) State Higher Price Mortgage Loan - EV R
COMMENT:   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 8.583% Allowed 7.740% Overby +0.843%

This loan is compliant with regulation MA 209 CMR 32.35.
    Single Family XX 80.000% 80.000% Primary Purchase 699   XX 4.16 $21,315.82 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.382% No Alternative QC Complete 11/20/2025
762 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated HOI document for subject property with mortgagee reflecting the lender name (XX).


Resolved 11/19/2025 - Received insurance document with clause, condition resolved.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a supporting document for payoff of XX $3125.36 (XX).


Resolved 11/19/2025 - Received LOX as this REO is considered as the business claimed mortgage payoff, condition resolved.
    PUD XX 75.000% 75.000% Primary Purchase 770   XX 17.33 $47,149.11 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.211% No Full Documentation QC Complete 11/13/2025
765 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Housing Payment History.  FTHB living rent free.

A copy of an exception approval letter is available in the loan file.
FICO: 793 FICO exceeds the guideline requirement of 640.

LTV: 77.09% LTV is less than the guideline requirement of 80.00%.

DTI: 44.22% DTI is less than the maximum guideline requirement of 50.00%.
Low Rise Condo  (1-4 Stories) XX 77.090% 77.090% Primary Purchase 793   XX 6.25 $7,101.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.222% Yes Alternative QC Complete 12/05/2025
766 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 55.000% 55.000% Primary Purchase 766   XX 3.08 $4,422.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.212% Yes Alternative QC Complete 11/13/2025
772 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide hazard insurance effective until 10/XX/2025.


Resolved 11/25/2025 - Received insurance effective date covered disbursement date, condition resolved.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Appraisal-Condo Less than 500 SF

A copy of an exception approval letter is available in the loan file.
FICO: 756 FICO exceeds the guideline requirement of 700.

LTV: 80.00% LTV is less than the guideline requirement of 85.00%.

Reserves: The 7 months of available reserves are more than the guideline requirement of 3 months.
Single Family XX 80.000% 80.000% Primary Purchase 756   XX 20.83 $166,988.50 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  11.002% No Alternative QC Complete 10/24/2025
774 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Title report missing lender loss payee verbiage "ISAOA/ATIMA" for the mortgagee.


Resolved 11/12/2025 - Received title report with ISAOA, condition resolved.
    Single Family XX 75.000% 75.000% Investor Cash Out 793   XX 26.33 $14,394.72 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$167,067.93 32.140%   Full Documentation QC Complete 11/05/2025
775 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Primary Purchase 717   XX 5.75 $3,100.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.035% No Alternative QC Complete 11/14/2025
782 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the HOA fee statement showing the amount of $50.00 for the subject property located at XX.


Resolved 11/19/2025 - Received 1008 with updated HOA fee, condition resolved.
    Single Family XX 67.283% 67.283% Primary Purchase 754   XX 4.41 $2,593.81 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.607% Yes Full Documentation QC Complete 11/12/2025
783 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Monthly Amount Incorrect.  - EV R
COMMENT:   Missing invoice for hazard insurance premium.


Resolved 11/04/2025 - Received HOI Invoice, condition resolved.
    Single Family XX 85.000% 85.000% Investor Purchase 776   XX 5.08 $35,072.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.063% No Full Documentation QC Complete 10/29/2025
785 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Missing Title evidence - EV R
COMMENT:   Missing Title Commitment/Preliminary report.


11/13/2025 Resolved: Resolved as this is co-op and there wouldn't be a title.
    Co-op XX 70.000% 70.000% Primary Purchase 771   XX 3.33 $22,425.73 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.788% No Alternative QC Complete 11/12/2025
788 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Primary Purchase 794   XX   $3,492.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.517% Yes Alternative QC Complete 11/14/2025
790 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) XX 84.906% 84.906% Investor Purchase 779   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 11/25/2025
795 XX XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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 7.754% Allowed 7.740% Overby +0.014%

This loan is compliant with regulation 1026.35.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception for FTHB living rent free since 01/01/2024.

A copy of an exception approval letter is available in the loan file.
FICO: 663 FICO exceeds the guideline requirement of 640.

Residual Income : $10,407.50 monthly

DTI: 30.68% DTI is less than the maximum guideline requirement of 50.00%.
PUD XX 80.000% 80.000% Primary Purchase 663   XX 4.41 $15,014.57 Mos Reviewed:
Times 1X30:
Times 1X60:
Times 1X90:
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:
Verification Type:
  30.684% Yes Alternative QC Complete 11/14/2025
797 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 75.000% 75.000% Investor Cash Out 774   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$156,484.73     DSCR QC Complete 12/05/2025
798 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Primary Cash Out 773 1 XX 5.16 $34,328.99 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$182,735.16 28.807%   Full Documentation QC Complete 10/28/2025
800 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   EAD/Visa/Green Card - Requesting exception to proceed wiht C10 EAD satus which does not appear on the list of eligible or ineligible visa types.

A copy of an exception approval letter is available in the loan file.
FICO: 772 FICO exceeds the guideline requirement of 640.

DTI: 24.797% DTI is less than the maximum guideline requirement of 50.00%.


2 Family XX 80.000% 80.000% Primary Purchase 772   XX 4.08 $26,914.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.797% Yes Alternative QC Complete 01/15/2026
802 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the updated title supplement report to cover the loan amount.


Resolved 12/01/2025 - Received title policy, condition resolved.
    Low Rise Condo  (1-4 Stories) XX 77.848% 77.848% Primary Refinance 735 2.75 XX 8.25 $29,435.20 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.133%   Alternative QC Complete 11/24/2025
806 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family XX 80.000% 80.000% Investor Purchase 766   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 12/10/2025
813 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family XX 80.000% 80.000% Investor Purchase 744   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 01/16/2026
815 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family XX 66.038% 66.038% Primary Cash Out 793 0.5 XX 5.75 $3,328.52 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$42,820.39 27.973%   Alternative QC Complete 11/12/2025
816 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family XX 60.000% 60.000% Investor Refinance 786   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 11/12/2025
822 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 80.000% 80.000% Investor Purchase 754   XX 23.08 $37,364.52 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.373% No Alternative QC Complete 10/28/2025
823 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Subject or Comp Photos are missing or illegible - EV R
COMMENT:   The rent comparable photos are missing from the loan package. Please provide photos for all rent comparables listed in the appraisal report.

Resolved 10/17/2025 -  Received  Appraisal Report with rental comparable, Condition Resolved.
    2 Family XX 85.000% 85.000% Investor Purchase 787   XX     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 10/14/2025
825 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide copy of wire receipt showing gift funds in the amount of $31000 from XX from XX account #XX


Resolved 10/31/2025 - Received wire for gift amount, condition resolved.
    Single Family XX 80.000% 80.000% Investor Purchase 790   XX 5.83 $29,291.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.554% No Alternative QC Complete 10/27/2025
826 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD XX 75.000% 75.000% Investor Cash Out 760   XX 12.41 $10,158.65 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$299,240.42 49.460%   Alternative QC Complete 11/17/2025