AOMT 2023-1 ABS-15G

 

Exhibit 99.19

 

Scienna ID Loan Number 1 Loan Number 2 Borrower Last Name Property State Note Date Loan Purpose TPR QM ATR Status Initial Overall Loan Grade Final Overall Loan Grade Exception Category Exception Subcategory Exception Code Final Exception Status Initial Exception Grade Final Exception Grade Exception Exception Detail Follow-up Comments (Exception Response) Exception Conclusion Comments Compensating Factors Curable Status Loan Status Review Date Cleared Date Cured Date Exception Date
XXX 2023010078   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Compliance Compliance GZ0K3AJUKXQ-EB2MK65Q Resolved 3 R * TILA Finance Charge (Lvl R) Finance charge disclosed on Final CD is $XXX,XXX.XX Calculated Finance Charge is $XXX,XXX.XX, for an under disclosed amount of $XXX.XX. Require lender cure and/or PCCD .

Received PC CD		 Received PC CD Received PC CD     QC Complete XXX XXX XXX XXX
XXX 2023010078   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Compliance Compliance GZ0K3AJUKXQ-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test Fail Charged X.XXX% Allowed X.XXX% Overby +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010097   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Valuation Valuation 2D4WSQ4KLOW-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) Original; stated value is $X,XXX,XXX.XX. Xnd full appraisal is available in loan files with valuation of $X,XXX,XXX. Variance is more than XX% negative. Require additional valuation to support original stated value.

Resolved XX/XX/XXX: The lower value of appraisal $X,XXX,XXX.XX was used for LTV.		 Resolved XX/XX/XXX: The lower value of appraisal $X,XXX,XXX.XX was used for LTV. Resolved XX/XX/XXX: The lower value of appraisal $X,XXX,XXX.XX was used for LTV.     QC Complete XXX XXX XXX XXX
XXX 2023010075   XXX XXX XXX Cash Out Not Covered/Exempt 3 2 Credit Guidelines 15PR4LN5NAN-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Mortgage history does not meet guide minimum requirement. Borrower lives rent free.

Exception approval with compensating factors available in loan file.

High Credit Score - XXX
Excellent Credit History
High Asset Reserves - XX+ months		     High Credit Score - XXX

Excellent Credit History

High Asset Reserves - XX+ months		   QC Complete XXX XXX XXX XXX
XXX 2023010075   XXX XXX XXX Cash Out Not Covered/Exempt 3 2 Valuation Valuation 15PR4LN5NAN-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score is more than X.X. Require additional valuation to support original stated value.

Received CDA with variance of X.XX%		 Received CDA with variance of X.XX% Received CDA with variance of X.XX%     QC Complete XXX XXX XXX XXX
XXX 2023010098   XXX XXX XXX Purchase Non-QM/Compliant 2 2 Credit Guidelines WJ2PBMS0WCG-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Guide restricts maximum loan amount to $X.X MM. Subject loan amount is $X,XXX,XXX.XX. Exceptional approval with compensating factors available in loan file.

High Credit Score
Excellent Credit History
High Asset Reserves
High Residual Income
Length of Time at Employment		     High Credit Score
Excellent Credit History
High Asset Reserves
High Residual Income
Length of Time at Employment		   QC Complete XXX XXX XXX XXX
XXX 2023010066   XXX XXX XXX Purchase Non-QM/Compliant 2 1 Compliance Compliance W5EYRGU3HDU-NFSUVLR0 Resolved 2 R * Missing Required State Disclosures (Lvl R) This loan failed the NC rate spread home loan test. The loan is a rate spread home loan, as defined in the legislation. For more information please see the XXX Rate Spread Home Loan Article section of the full ComplianceAnalyzer report. While the XXX Rate Spread Home Loan provisions specify that lenders can legally make this type of loan subject to certain conditions, some lenders and secondary market investors may prefer not to fund or buy rate spread home loans even if the additional conditions are met.

Resolved: NC rate spread home loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation NC GS §XX-X.XF(a)(X).		 Resolved: NC rate spread home loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation NC GS §XX-X.XF(a)(X). Resolved: NC rate spread home loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation NC GS §XX-X.XF(a)(X).     QC Complete XXX XXX XXX XXX
XXX 2023010066   XXX XXX XXX Purchase Non-QM/Compliant 2 1 Compliance Compliance W5EYRGU3HDU-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test as Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.
While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test FAIL: charged  X.XXX%   allowed X.XXX%   over by +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010080   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Valuation Valuation ZCWQZCPA4RB-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score missing in the loan file. Require additional valuation to support original stated value.

Received AVM		 Received AVM Received AVM     QC Complete XXX XXX XXX XXX
XXX 2023010068   XXX XXX XXX Cash Out Non-QM/Compliant 2 1 Compliance Compliance IA3TBMEGNOH-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test as using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.   Higher-Priced Mortgage Loan Test: FAIL      Charged: X.XXX%     Allowed: X.XXX%    Over by: +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010071   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Compliance Doc Issue KR4VBELO1U2-2VXD5FWR Resolved 3 R * Initial Escrow Acct Disclosure missing; loan has escrows (Lvl R) Initial Escrow Account Disclosure is missing in the file. Kindly provide Initial Escrow Account Disclosure.

Received XXX XXX (Signed) Initial Escrow Account Disclosure Statementc		 Received XXX XXX (Signed) Initial Escrow Account Disclosure Statementc Received XXX XXX (Signed) Initial Escrow Account Disclosure Statementc     QC Complete XXX XXX XXX XXX
XXX 2023010071   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Compliance Compliance KR4VBELO1U2-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test as Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.
While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test FAIL :charged:X.XXX% allowed:X.XXX% over by:+X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010088   XXX XXX XXX Purchase Not Covered/Exempt 2 2 Credit Guidelines IF0B0I5K3JR-KJ37FOY2 Waived 2 W * Consumer lates exceed guidelines (Lvl W) In credit report there is showing late payment but we received exceptional approval form regarding derogatory XXX and XXX consumer late <XX months late payments is on a time share, other joint and XX months old.

Exception approval with compensating factor

High Credit Score - XXX
Credit-Prior mortgage/Rental history - Seasoned landlord, owns another investment property		     High Credit Score - XXX

Credit-Prior mortgage/Rental history - Seasoned landlord, owns another investment property		   QC Complete XXX XXX XXX XXX
XXX 2023010081   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Compliance Compliance Z0ZMAA1EHO0-WE2FAX95 Resolved 3 R * Revised Loan Estimate is missing (Lvl R) Missing revised LE dated XX/XX/XXX

Received revised LE		 Received revised LE Received revised LE     QC Complete XXX XXX XXX XXX
XXX 2023010090   XXX XXX XXX Cash Out Not Covered/Exempt 2 2 Credit Guidelines J5YIB2HK0KV-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) LTV: Cash out exceeds maximum allowed by - XX% LTV

Exception approval with compensating factor

High Credit Score - XXX
Excellent Credit History - No derogatory since inception
Credit-Prior mortgage/Rental history - Seasoned landlord, owns multiple investment properties		     High Credit Score - XXX

Excellent Credit History - No derogatory since inception

Credit-Prior mortgage/Rental history - Seasoned landlord, owns multiple investment properties		   QC Complete XXX XXX XXX XXX
XXX 2023010083   XXX XXX XXX Cash Out Non-QM/Compliant 3 1 Compliance Compliance MITXHO255AF-0O1J05XI Resolved 3 R * ComplianceEase TRID Tolerance Test Failed (Lvl R) TRID Violation due to a fee increase on Initial CD dated XX/XX/XXX.  Revised LE  dated XX/XX/XXX reflects a Appraisal Re Inspection Fee at $XXX.XX., however, Initial CD dated XX/XX/XXX reflects the Appraisal Re Inspection Fee at $XXX.XX  This is a fee increase of $XXX.XX for a Non-Shoppable Fee which exceeds the X% tolerance for Non-Shoppable Fees.

Received PC CD and lender cure		 Received PC CD and lender cure Received PC CD and lender cure     QC Complete XXX XXX XXX XXX
XXX 2023010100   XXX XXX XXX Cash Out Not Covered/Exempt 2 2 Credit Guidelines YANHIEJZEK4-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Guide restricts maximum loan amount to $X,XXX,XXX.XX. Subject loan amount is $X,XXX,XXX.XX. Exceptional approval available in loan file with compensating factor

Excellent Credit History
Credit-Prior mortgage/Rental history		     Excellent Credit History
Credit-Prior mortgage/Rental history		   QC Complete XXX XXX XXX XXX
XXX 2023010076   XXX XXX XXX Refinance Not Covered/Exempt 3 2 Valuation Valuation K4NQ1EGRZHB-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score is more than X.X. Require additional valuation to support original stated value.

Resolved XX/XX/XXX: A copy of the AVM has been received.		 Resolved XX/XX/XXX: A copy of the AVM has been received. Resolved XX/XX/XXX: A copy of the AVM has been received.     QC Complete XXX XXX XXX XXX
XXX 2023010076   XXX XXX XXX Refinance Not Covered/Exempt 3 2 Credit Assets Insufficient K4NQ1EGRZHB-YHOZ28S0 Resolved 2 R * Cash reserves less than required by guidelines (Lvl R) Loan file does not have sufficient asset balance to cover reserve requirement. Guide requires X months of reserve on subject property.

Received Bank ofXXX #XXX with balance of $XX,XXX.XX		 Received Bank ofXXX #XXX with balance of $XX,XXX.XX Received Bank ofXXX #XXX with balance of $XX,XXX.XX     QC Complete XXX XXX XXX XXX
XXX 2023010076   XXX XXX XXX Refinance Not Covered/Exempt 3 2 Credit Guidelines K4NQ1EGRZHB-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts minimum gross living area at XXX sq ft. Subject gross living area is at XXX sq ft.

Exception approval with compensating factor

Excellent Credit History
Credit-Prior mortgage/Rental history - Established landlord		     Excellent Credit History

Credit-Prior mortgage/Rental history - Established landlord		   QC Complete XXX XXX XXX XXX
XXX 2023010082   XXX XXX XXX Cash Out Non-QM/Compliant 2 1 Compliance Compliance 0SPQJI1IUQZ-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test as Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.
While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test: FAIL Charged X.XXX% Allowed X.XXX% Over by +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010102   XXX XXX XXX Purchase Not Covered/Exempt 4 2 Credit Guidelines ZSVRIOUOK5T-J587LE2V Waived 4 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts a maximum LTV of XX% for loan amount lesser than $XXXK.

Exception approval in loan file is for loan amount lesser than minimum allowed per the guide and is not applicable for current loan amount/loan file.

Exception approval with compensating factor

High Credit Score - XXX
High Asset Reserves - XX months		     High Credit Score - XXX

High Asset Reserves - XX months		   QC Complete XXX XXX XXX XXX
XXX 2023010636   XXX XXX XXX Cash Out Non-QM/Compliant 3 1 Compliance Compliance YNWVXRAODPV-0O1J05XI Resolved 3 R * ComplianceEase TRID Tolerance Test Failed (Lvl R) TRID Violation due to total fee of $XXX.XX fee increased on initial CD dated X/XX/XXX. Initial LE date X/XX/XXX reflects Underwriting fee $XXX.XX and revised LE dated XX/XX/XXX reflect an increase of $XXX.XX on Underwriting fee to $X,XXX.XX. Need Valid COC, Cure amount of $XXX.XX.

Received lender cure for $XXX and PC CD		 Received lender cure for $XXX and PC CD Received lender cure for $XXX and PC CD     QC Complete XXX XXX XXX XXX
XXX 2023010636   XXX XXX XXX Cash Out Non-QM/Compliant 3 1 Compliance Compliance YNWVXRAODPV-NFSUVLR0 Resolved 3 R * Missing Required State Disclosures (Lvl R) List Of Service Providers missing in this loan file.

Received SSPL		 Received SSPL Received SSPL     QC Complete XXX XXX XXX XXX
XXX 2023010637   XXX XXX XXX Purchase Non-QM/Compliant 3 2 Credit Guidelines 4KP5ZPOEAVU-OLWB1YD6 Waived 2 W * Number of Collections exceed guidelines (Lvl W) Loan file does not meet guide requirement for collections account. Guide restricts X*XX for collections account. Credit report dated XX/XX/XXX reflects a collection account CBE Group #XXX with DLA of XX/XX/XXX and assigned on XX/XXX.

Exception approval with compensating factor

Low DTI Ratio - XX.XXX%
High Residual Income - $XX,XXX		     Low DTI Ratio - XX.XXX%

High Residual Income - $XX,XXX		   QC Complete XXX XXX XXX XXX
XXX 2023010637   XXX XXX XXX Purchase Non-QM/Compliant 3 2 Compliance Compliance 4KP5ZPOEAVU-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.
While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.
 
Higher-Priced Mortgage Loan Test: Charged X.XXX% Allowed X.XXX% Over by +X.XXX%

“HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).”		 “HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).” “HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).”     QC Complete XXX XXX XXX XXX
XXX 2023010637   XXX XXX XXX Purchase Non-QM/Compliant 3 2 Compliance Compliance 4KP5ZPOEAVU-HJ060Q28 Resolved 2 R * Higher Price Mortgage Loan (Lvl R) This loan failed the CA AB XXX higher-priced mortgage loan test.Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the
XXX Financial Code.While the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

CA AB XXX Higher-Priced Mortgage Loan Test Fail : Charged X.XXX% Allowed X.XXX% Over by +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a).     QC Complete XXX XXX XXX XXX
XXX 2023010637   XXX XXX XXX Purchase Non-QM/Compliant 3 2 Credit Assets Insufficient 4KP5ZPOEAVU-RDQHOAL4 Resolved 3 R * Assets are not sufficient to close (Lvl R) Assets mentioned in Final XXX is $XXX.XX. Assets shortfall in reference to closing and reserve requirement. Bank account #XXX Chase Checking (#XXX), insufficient to cover requirement.

Received asset statement suffice asset requirement		 Received asset statement suffice asset requirement Received asset statement suffice asset requirement     QC Complete XXX XXX XXX XXX
XXX 2023010631   XXX XXX XXX Cash Out Not Covered/Exempt 2 2 Credit Guidelines 04HZDPLB1XG-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts credit history at X*XX*XX. Credit report reflects following account breaching guide requirement

XXX - XX/XX - XX

Received exception approval with compensating factor

High Credit Score - XXX
LTV% less than XX% - XX%		     High Credit Score - XXX

LTV% less than XX% - XX%		   QC Complete XXX XXX XXX XXX
XXX 2023010633   XXX XXX XXX Purchase Non-QM/Compliant 2 1 Compliance Compliance GGKPYIDAPNA-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test: FAIL  Charged X.XXX%  Allowed X.XXX%   Over By+X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines. File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010436   XXX XXX XXX Cash Out Non-QM/Compliant 3 1 Credit Doc Issue SBJ5XP4C2RL-U1CA63D2 Resolved 3 R * Application Missing (Lvl R) A copy of Final XXX of borrower XXX is missing in the loan file.

Received XXX final XXX		 Received XXX final XXX Received XXX final XXX     QC Complete XXX XXX XXX XXX
XXX 2023010436   XXX XXX XXX Cash Out Non-QM/Compliant 3 1 Compliance Compliance SBJ5XP4C2RL-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test. ( XX CFR § XXX.XX(a)(X) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test: FAIL   Charged: X.XXX%   Allowed: X.XXX%   Over by: +X.XXX%		 HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010547   XXX XXX XXX Cash Out Not Covered/Exempt 2 2 Credit Guidelines AUPL5DHVOEG-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts a minimum FICO of XXX on cash-out transaction.

Exception approval with compensating factor

High Asset Reserves - XX months
Excellent Credit History - X*XX*XX
Length of Time at Employment - XX years stability		     High Asset Reserves - XX months

Excellent Credit History - X*XX*XX

Length of Time at Employment - XX years stability		   QC Complete XXX XXX XXX XXX
XXX 2023010441   XXX XXX XXX Refinance Non-QM/Compliant 3 1 Credit Guidelines 1B0QE5NEBLA-28GAQH2C Resolved 3 R * Income documentation does not meet guidelines (Lvl R) Complete bank statement is missing in the loan file. Provide Bank of XXX #XXX bank statement for the month of Xst XXXr XXX to XXth XXX XXX.

Received Bank Statement #XXX from XX/XX/XXX till XX/XX/XXX		 Received Bank Statement #XXX from XX/XX/XXX till XX/XX/XXX Received Bank Statement #XXX from XX/XX/XXX till XX/XX/XXX     QC Complete XXX XXX XXX XXX
XXX 2023010444   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Credit Guidelines DZZAPXRIHQT-28GAQH2C Resolved 3 R * Income documentation does not meet guidelines (Lvl R) Missing complete bank statement in the loan file. Provide complete business bank statement for XXX # XXX month ofXXX XXX.

Received XXX bank statement for the month ofXXX XXX		 Received XXX bank statement for the month ofXXX XXX Received XXX bank statement for the month ofXXX XXX     QC Complete XXX XXX XXX XXX
XXX 2023010450   XXX XXX XXX Refinance Non-QM/Compliant 2 1 Compliance Compliance OEHDY0FXBNE-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test. ( XX CFR § XXX.XX(a)(X) ) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test: FAIL Charged: X.XXX% Allowed: X.XXX% Over By: +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010484   XXX XXX XXX Refinance Non-QM/Compliant 3 1 Compliance Compliance JNIYB1WPBSK-0O1J05XI Resolved 3 R * ComplianceEase TRID Tolerance Test Failed (Lvl R) TRID Violation due to a fee increase on Revised CD dated XX/XX/XXX.  Initial LE  dated XX/XX/XXX reflects a Transfer Tax at $XXX.XX however, Revised CD dated XX/XX/XXX reflects the Transfer Tax at $XXX.XX.  This is a fee increase of $X.XX for a Non-Shoppable Fee which exceeds the X% tolerance for Non-Shoppable Fees. Require lender cure and/OR COC.

Received COC for tolerance breach		 Received COC for tolerance breach Received COC for tolerance breach     QC Complete XXX XXX XXX XXX
XXX 2023010540   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Valuation Valuation G2CUBSF1Q0D-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score is more than X.X. Require additional valuation to support original stated value.

Resolve : AVM document received on X/X		 Resolve : AVM document received on X/X Resolve : AVM document received on X/X     QC Complete XXX XXX XXX XXX
XXX 2023010479   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Compliance Compliance BF5S4A5QPXD-IJH0N5PE Resolved 3 R * ComplianceEase TRID Tolerance Test is Incomplete (Lvl R) Initial CD dated X/XX/XXX is missing in the loan file. Require initial Closing Disclosure dated XX/XX/XXX.

Received ICD		 Received ICD Received ICD     QC Complete XXX XXX XXX XXX
XXX 2023010498   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Valuation Valuation FL5FSAMGCTK-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score missing in the loan file. Require additional valuation to support original stated value.

The appraisal in the file (XXXk) is supporting the lower desk review (XXXk) that was used as the value for LTV at the time of UW		 The appraisal in the file (XXXk) is supporting the lower desk review (XXXk) that was used as the value for LTV at the time of UW The appraisal in the file (XXXk) is supporting the lower desk review (XXXk) that was used as the value for LTV at the time of UW     QC Complete XXX XXX XXX XXX
XXX 2023010485   XXX XXX XXX Refinance Non-QM/Compliant 3 2 Valuation Valuation SOGKR0PPXAD-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score is more than X.X. Require additional valuation to support original stated value.

Received AVM with confidence of XX% and FSD of X.XXX		 Received AVM with confidence of XX% and FSD of X.XXX Received AVM with confidence of XX% and FSD of X.XXX     QC Complete XXX XXX XXX XXX
XXX 2023010485   XXX XXX XXX Refinance Non-QM/Compliant 3 2 Credit Guidelines SOGKR0PPXAD-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Previous business history. Current employment history is less than a year and using employment income to qualify

Exception approval in loan file with compensating factor

High Credit Score
Low DTI Ratio
High Asset Reserves
Excellent Credit History		     High Credit Score

Low DTI Ratio

High Asset Reserves

Excellent Credit History		   QC Complete XXX XXX XXX XXX
XXX 2023010500   XXX XXX XXX Cash Out Not Covered/Exempt 3 2 Valuation Valuation TQATP0BVSFC-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score missing in the loan file. Require additional valuation to support original stated value.

Received CDA with variance of X.XX%		 Received CDA with variance of X.XX% Received CDA with variance of X.XX%     QC Complete XXX XXX XXX XXX
XXX 2023010500   XXX XXX XXX Cash Out Not Covered/Exempt 3 2 Credit Guidelines TQATP0BVSFC-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts maximum LTV of XX% when qualifying FICO is less than XXX and transaction is cash-out.

Received exception approval with compensating factor

High Asset Reserves - XX months
Excellent Credit History - X*XX*XX		     High Asset Reserves - XX months

Excellent Credit History - X*XX*XX		   QC Complete XXX XXX XXX XXX
XXX 2023010468   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Valuation Valuation AWUQ0GEFZGA-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score is more than X.X. Require additional valuation to support original stated value.

Received CDA with variance of X.X%		 Received CDA with variance of X.X% Received CDA with variance of X.X%     QC Complete XXX XXX XXX XXX
XXX 2023010488   XXX XXX XXX Purchase Not Covered/Exempt 4 2 Credit Guidelines UEOSLNF4T2X-J587LE2V Waived 4 W * Loan does not conform to program guidelines (Lvl W) Loan files does not meet program requirement. Guide restricts property with X acre. Subject property measures X.X ac.

Exception approval with compensating factors

High Asset Reserves - XX months
Excellent Credit History - X*XX*XX		     High Asset Reserves - XX months

Excellent Credit History - X*XX*XX		   QC Complete XXX XXX XXX XXX
XXX 2023010489   XXX XXX XXX Refinance Not Covered/Exempt 4 2 Credit Credit PGDGQBZCETW-H6XQ79BK Waived 4 W * DSCR is less than 1.00 (Lvl W) DSCR is (XXX/XXX.XX) = X.XXX %. So as per guideline "TPR INV ICF Matrix XXX X XXX.pdf" If DSCR < X.XX-X.XX Minimum FICO XXX Maximum LTV XX%

Exception approval received with compensating factor

Verified Reserves are XX
Excellent Credit History - X*XX*XX		     Verified Reserves are XX

Excellent Credit History - X*XX*XX		   QC Complete XXX XXX XXX XXX
XXX 2023010459   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Legal Docs Doc Issue NVICDUUANT5-3FPSHHKF Resolved 3 R * Missing required 1-4 family rider (Lvl R) X-X Family Rider Box Checked On Mortgage Document But X-X Family Rider Missing In Package

Received X-X family rider to DOT		 Received X-X family rider to DOT Received X-X family rider to DOT     QC Complete XXX XXX XXX XXX
XXX 2023010459   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Legal Docs Doc Issue NVICDUUANT5-DW5VNZ46 Resolved 3 R * Condo / PUD rider Missing (Lvl R) Property Is PUD But Pud Rider Missing In Package.

Received PUD rider to DOT		 Received PUD rider to DOT Received PUD rider to DOT     QC Complete XXX XXX XXX XXX
XXX 2023010503   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Credit Doc Issue BGY5CD0FCSP-U1CA63D2 Resolved 3 R * Application Missing (Lvl R) Final XXX Missing from the Loan File. Require signed and dated final XXX/application, including all pages.

Received final signed XXX		 Received final signed XXX Received final signed XXX     QC Complete XXX XXX XXX XXX
XXX 2023010491   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Valuation Valuation RXECBSWZPMH-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score missing in the loan file. Require additional valuation to support original stated value.

Received AVM with confidence of XX% and FSD of X.XXX		 Received AVM with confidence of XX% and FSD of X.XXX Received AVM with confidence of XX% and FSD of X.XXX     QC Complete XXX XXX XXX XXX
XXX 2023010486   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Valuation Valuation NAJJKGRHGMP-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score is more than X.X. Require additional valuation to support original stated value.

Received AVM with confidence of XX% and FSD of X.XXX		 Received AVM with confidence of XX% and FSD of X.XXX Received AVM with confidence of XX% and FSD of X.XXX     QC Complete XXX XXX XXX XXX
XXX 2023010460   XXX XXX XXX Purchase Not Covered/Exempt 2 2 Credit Guidelines UVYZWMUUOPU-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) As per loan file Credit risk summary & Exception Approve Exception logging DSCR <X.XX , Maximum LTV XX% % Minimum Credit Score XXX-Halo , As Per Calculations  DSCR X.XX , FICO Score XXX & LTV XX% .

Exception approval with compensating factor including, High Asset Reserves - XX months; Credit-Prior mortgage/Rental history - X*XX*XX		     High Asset Reserves - XX months

Credit-Prior mortgage/Rental history - X*XX*XX		   QC Complete XXX XXX XXX XXX
XXX 2023010470   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Credit Doc Issue QUYRUHSJ4QU-U1CA63D2 Resolved 3 R * Application Missing (Lvl R) Final XXX is missing in the loan file.

Received signed and dated copy of final XXX		 Received signed and dated copy of final XXX Received signed and dated copy of final XXX     QC Complete XXX XXX XXX XXX
XXX 2023010470   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Credit Doc Issue QUYRUHSJ4QU-HI5N7YPL Resolved 3 R * Mortgage missing / unexecuted (Lvl R) Mortgage/ Deed of trust is missing in the loan file.

Received signed and dated copy of Mortgage/DOT		 Received signed and dated copy of Mortgage/DOT Received signed and dated copy of Mortgage/DOT     QC Complete XXX XXX XXX XXX
XXX 2023010487   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Compliance Compliance XAS3PDFS43W-KMWEVJ70 Resolved 3 R * HUD-1 Closing Statement missing or unsigned (Lvl R) Final Closing Disclosure missing in the loan package.Please Provide the Final Closing Disclosure.

Received Final CD		 Received Final CD Received Final CD     QC Complete XXX XXX XXX XXX
XXX 2023010487   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Legal Docs Doc Issue XAS3PDFS43W-2XRZ4V9U Resolved 3 R * Note is missing or unexecuted (Lvl R) Note Document Is Missing

Received Note		 Received Note Received Note     QC Complete XXX XXX XXX XXX
XXX 2023010487   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Legal Docs Doc Issue XAS3PDFS43W-HI5N7YPL Resolved 3 R * Mortgage missing / unexecuted (Lvl R) Mortgage is Missing

Received DOT with rider		 Received DOT with rider Received DOT with rider     QC Complete XXX XXX XXX XXX
XXX 2023010487   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Credit Doc Issue XAS3PDFS43W-U1CA63D2 Resolved 3 R * Application Missing (Lvl R) Final Application Missing In This package

Received Final XXX		 Received Final XXX Received Final XXX     QC Complete XXX XXX XXX XXX
XXX 2023010487   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Compliance Compliance XAS3PDFS43W-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.
While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test: FAIL Charged X.XXX% Allowed X.XXX% Overby +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010507   XXX XXX XXX Cash Out Not Covered/Exempt 2 2 Credit Guidelines UT2VGOECJ4N-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide minimum requirement. Guide requires a minimum of X month of reserve on subject property.

Exception approval with compensating factor

High Credit Score - XXX
Excellent Credit History - X*XX*XX
Credit-Prior mortgage/Rental history - Borrower has history of managing investment properties		     High Credit Score - XXX

Excellent Credit History - X*XX*XX

Credit-Prior mortgage/Rental history - Borrower has history of managing investment properties		   QC Complete XXX XXX XXX XXX
XXX 2023010541   XXX XXX XXX Purchase Non-QM/Compliant 2 1 Compliance Compliance UXZOC4WNFWC-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.
While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test: Charged X.XXX% Allowed X.XXX% Over By  +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010456   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Valuation Valuation YKDCIYIKQNA-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU and LCA score is missing. Require additional valuation to support original stated value.

Resolved XX/XX/XXX: A copy of CDA and AVM have been received.		 Resolved XX/XX/XXX: A copy of CDA and AVM have been received. Resolved XX/XX/XXX: A copy of CDA and AVM have been received.     QC Complete XXX XXX XXX XXX
XXX 2023010509   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Credit Credit GCN2SCXAKCJ-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Flood certificate is missing in the loan file. Require flood certificate.

Received flood certificate		 Received flood certificate Received flood certificate     QC Complete XXX XXX XXX XXX
XXX 2023010509   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Credit Guidelines GCN2SCXAKCJ-J587LE2V Resolved 2 R * Loan does not conform to program guidelines (Lvl R) Loan files does not meet guide requirement. Guide restricts a maximum LTV of XX% on cash out transaction when FICO is lesser than XXX.

Received broker credit report		 Received broker credit report Received broker credit report     QC Complete XXX XXX XXX XXX
XXX 2023010482   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Valuation Valuation DRQJUQIGAZI-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) Original appraised valuation is at $XXX,XXX.XX. Additional valuation AVM is available in the loan file with confidence score of X.XXX. CU/LCA score is missing in the loan file. Require additional valuation to support original stated value.

Received AVM with confidence of XX% and FSD of X.XXX		 Received AVM with confidence of XX% and FSD of X.XXX Received AVM with confidence of XX% and FSD of X.XXX     QC Complete XXX XXX XXX XXX
XXX 2023010512   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Credit Credit 0AJVWDFNB4D-UDN50XOG Resolved 3 R * Borrower Identity Missing (Lvl R) Missing Permanent Resident Alien card of borrower. As per final XXX borrower citizenship is permanent resident alien and in loan package missing permanent resident alien card of borrower.

Received corrected Xst page of XXX reflecting US citizenship		 Received corrected Xst page of XXX reflecting US citizenship  Received corrected Xst page of XXX reflecting US citizenship      QC Complete XXX XXX XXX XXX
XXX 2023010522   XXX XXX XXX Cash Out Not Covered/Exempt 4 2 Credit Guidelines IK04SJFGTMC-J587LE2V Waived 4 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts minimum gross living area at XXX sq ft. Subject gross living area is at XXX sq ft.

Exception approval with compensating factor

Excellent Credit History - X*XX*XX
High Asset Reserves - XXX months		     Excellent Credit History - X*XX*XX

High Asset Reserves - XXX months		   QC Complete XXX XXX XXX XXX
XXX 2023010544   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Valuation Valuation ZG5YQAR4P4D-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score missing in the loan file. Require additional valuation to support original stated value.

 AVM document received on X/X		  AVM document received on X/X  AVM document received on X/X     QC Complete XXX XXX XXX XXX
XXX 2023010462   XXX XXX XXX Purchase Not Covered/Exempt 4 2 Credit Guidelines TV400FDO5FC-J587LE2V Waived 4 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts credit history at X*XX*XX. Credit report dated XX/XX/XXX reflects "TOYOTA MOTOR CREDIT #GXXX - XX/XX-XX"

Exception approval in loan file is not specific to any exception.

Received exception approval with compensating factor

High Asset Reserves - XX months
Credit-Prior mortgage/Rental history - X*XX*XX		     High Asset Reserves - XX months

Credit-Prior mortgage/Rental history - X*XX*XX		   QC Complete XXX XXX XXX XXX
XXX 2023010463   XXX XXX XXX Cash Out Not Covered/Exempt 2 2 Credit Guidelines JWDR3PQNXLX-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts

X. maximum LTV at XX% when FICO is less than XXX
X. Credit history at X*XX*XX - Credit report dated XX/XX/XXX reflects XXX BANK #XXX - XX/XX-XX;XXX #XXX - XX/XX-XX

Exception approval with compensating factor

High Asset Reserves - XXX months
Credit-Prior mortgage/Rental history - Strong mortgage history, borrower owns XX properties free and clear		     High Asset Reserves - XXX months

Credit-Prior mortgage/Rental history - Strong mortgage history, borrower owns XX properties free and clear		   QC Complete XXX XXX XXX XXX
XXX 2023010548   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Valuation Valuation DAX3WF3VQI1-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score missing in the loan file. Require additional valuation to support original stated value.

Resolved XX/XX/XXX: A copy of the CDA and AVM have been received.		 Resolved XX/XX/XXX: A copy of the CDA and AVM have been received. Resolved XX/XX/XXX: A copy of the CDA and AVM have been received.     QC Complete XXX XXX XXX XXX
XXX 2023010545   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Valuation Valuation 0BXSRYW5BY3-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score missing in the loan file. Require additional valuation to support original stated value.

Received AVM		 Received AVM Received AVM     QC Complete XXX XXX XXX XXX
XXX 2023010524   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Valuation Valuation 2MARAXRERUK-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score is more than X.X. Require additional valuation to support original stated value.

Received AVM with confidence of XX% and FSD of X.XXX		 Received AVM with confidence of XX% and FSD of X.XXX Received AVM with confidence of XX% and FSD of X.XXX     QC Complete XXX XXX XXX XXX
XXX 2023010525   XXX XXX XXX Purchase Not Covered/Exempt 4 2 Credit Guidelines EJF21FQEDAB-J587LE2V Waived 4 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts minimum gross living area at XXX sq ft. Subject gross living area is at XXX sq ft.

Exception approval with compensating factor

High Asset Reserves - XX months
Excellent Credit History - X*XX*XX
High Credit Score - XXX
Credit-Prior mortgage/Rental history - Borrower has history of managing investments		     High Asset Reserves - XX months

Excellent Credit History - X*XX*XX

High Credit Score - XXX

Credit-Prior mortgage/Rental history - Borrower has history of managing investments		   QC Complete XXX XXX XXX XXX
XXX 2023010465   XXX XXX XXX Purchase Not Covered/Exempt 4 2 Credit Guidelines QZCRUGCTXKI-30KZI3LH Waived 4 W * Credit score does not meet guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts a minimum FICO of XXX when DSCR is lesser than X.XX%.

Exception approval with compensating factor

High Asset Reserves - XX months
Credit-Prior mortgage/Rental history X*XX*XX
LTV% less than XX% - Qualifying LTV is at XX.XXX%		     High Asset Reserves - XX months

Credit-Prior mortgage/Rental history X*XX*XX

LTV% less than XX% - Qualifying LTV is at XX.XXX%		   QC Complete XXX XXX XXX XXX
XXX 2023010465   XXX XXX XXX Purchase Not Covered/Exempt 4 2 Credit Guidelines QZCRUGCTXKI-J587LE2V Waived 4 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts credit history at X*XX*XX. Credit report dated XX/XX/XXX reflects

DISCOVESC #XXX - XX/XX-XX

Exception approval with compensating factor

High Asset Reserves - XX months
Credit-Prior mortgage/Rental history X*XX*XX
LTV% less than XX% - XX.XXX%		     High Asset Reserves - XX months

Credit-Prior mortgage/Rental history X*XX*XX

LTV% less than XX% - XX.XXX%		   QC Complete XXX XXX XXX XXX
XXX 2023010472   XXX XXX XXX Purchase Not Covered/Exempt 4 2 Credit Guidelines 4TP3HRAQOQL-J587LE2V Waived 4 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts credit history at minimum of X*XX*XX - XXX - #XXX - X*XX*XX - XX/XX-XX; XX/XX-XX

Exception approval with compensating factor

Excellent Credit History - X*XX*XX
Credit-Prior mortgage/Rental history - X*XX*XX		     Excellent Credit History - X*XX*XX

Credit-Prior mortgage/Rental history - X*XX*XX		   QC Complete XXX XXX XXX XXX
XXX 2023010476   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Valuation Valuation ALOGF5X52KE-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score is more than X.X. Require additional valuation to support original stated value.

Resolved XX/XX/XXX: A copy of the AVM has been received.		 Resolved XX/XX/XXX: A copy of the AVM has been received. Resolved XX/XX/XXX: A copy of the AVM has been received.     QC Complete XXX XXX XXX XXX
XXX 2023010553   XXX XXX XXX Cash Out Not Covered/Exempt 4 2 Credit Guidelines MUXHMDF0WVW-J587LE2V Waived 4 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts following
X. Delinquent credit history at X*XX*XX. Credit report reflects SYNCB/PPC #XXX - XX/XX-XX
X. Cash-Out > $XXXk Min XXX FICO. Loan file is submitted with qualifying FICO of XXX

Exception approval with compensating factor

Low DTI Ratio - X.XXX% (Housing) // XX.XX% (Total)
High Asset Reserves - XX months
Length of Time at Employment - Borrower with same employer/business for XX years		     Low DTI Ratio - X.XXX% (Housing) // XX.XX% (Total)

High Asset Reserves - XX months

Length of Time at Employment - Borrower with same employer/business for XX years		   QC Complete XXX XXX XXX XXX
XXX 2023010529   XXX XXX XXX Purchase Not Covered/Exempt 4 2 Credit Guidelines W4P1ON0GLEV-J587LE2V Waived 4 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement. Guide restricts minimum gross living area at XXX sq ft. Subject gross living area is at XXX sq ft.

Exception approval with compensating factor

High Credit Score - XXX
High Asset Reserves - XX.XX months
Excellent Credit History - X*XX*XX		     High Credit Score - XXX

High Asset Reserves - XX.XX months

Excellent Credit History - X*XX*XX		   QC Complete XXX XXX XXX XXX
XXX 2023010530   XXX XXX XXX Purchase Not Covered/Exempt 2 2 Credit Guidelines PFBJWO5C2UG-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Loan file does not meet guide requirement.
X. Guide requires at least one (X) trade line must be a primary residential mortgage reporting for a minimum of twelve (XX) months
X. DSCR requirement of X.XX-X%

Exception approval with compensating factor

High Asset Reserves - XX months
Excellent Credit History - X*XX*XX		     High Asset Reserves - XX months

Excellent Credit History - X*XX*XX		   QC Complete XXX XXX XXX XXX
XXX 2023010531   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Valuation Valuation K0REGHVQKCR-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) CU/LCA score is more than X.X. Require additional valuation to support original stated value.

Received CDA with variance of (X.XXX%)		 Received CDA with variance of (X.XXX%) Received CDA with variance of (X.XXX%)     QC Complete XXX XXX XXX XXX
XXX 2023010551   XXX XXX XXX Purchase Not Covered/Exempt 2 2 Credit Guidelines 05MXYUCOEME-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) DSCR <X.XX Maximum LTV XX% Minimum Credit Score:XXX-Halo. Exception Granted for XX% LTV with DSCR below X.XX%

Exception approval with compensating factor

Excellent Credit History - X*XX*XX
High Credit Score - XXX		     Excellent Credit History - X*XX*XX

High Credit Score - XXX		   QC Complete XXX XXX XXX XXX
XXX 2023010803   XXX XXX XXX Cash Out Not Covered/Exempt 4 1 Credit Income DLAJGZCEY4B-L3KXO96W Resolved 3 R * Reverification within 10 days is missing (Lvl R) Verbal verification of employment must be obtained within XX days of the note date

XX/XX/XXX - VVOE provided by seller which resolves the condition		 XX/XX/XXX - VVOE provided by seller which resolves the condition XX/XX/XXX - VVOE provided by seller which resolves the condition     QC Complete XXX XXX XXX XXX
XXX 2023010803   XXX XXX XXX Cash Out Not Covered/Exempt 4 1 Credit Guidelines DLAJGZCEY4B-3L2978EM Resolved 3 R * Assets do not meet guidelines (Lvl R) Provide document current receipt with a copy of a bank statement or other equivalent documentation to meet reserve.

XX/XX/XXX - Provided the Bank Statement for assets which resolves the condition		 XX/XX/XXX - Provided the Bank Statement for assets which resolves the condition XX/XX/XXX - Provided the Bank Statement for assets which resolves the condition     QC Complete XXX XXX XXX XXX
XXX 2023010803   XXX XXX XXX Cash Out Not Covered/Exempt 4 1 Legal Docs Doc Issue DLAJGZCEY4B-H3X4TJ0T Resolved 3 R * Missing Title evidence (Lvl R) Missing title evidence.

XX/XX/XXX - Title Report Document is provided by seller which resolves the condition		 XX/XX/XXX - Title Report Document is provided by seller which resolves the condition XX/XX/XXX - Title Report Document is provided by seller which resolves the condition     QC Complete XXX XXX XXX XXX
XXX 2023010803   XXX XXX XXX Cash Out Not Covered/Exempt 4 1 Valuation Doc Issue DLAJGZCEY4B-WMO0OGAE Resolved 3 R * Appraisal incomplete (missing map, layout, pages, etc) (Lvl R) Appraisal report is missing from the loan file.

XX/XX/XXX - Appraisal Document is provided by seller which resolves the condition		 XX/XX/XXX - Appraisal Document is provided by seller which resolves the condition XX/XX/XXX - Appraisal Document is provided by seller which resolves the condition     QC Complete XXX XXX XXX XXX
XXX 2023010803   XXX XXX XXX Cash Out Not Covered/Exempt 4 1 Credit Guidelines DLAJGZCEY4B-28GAQH2C Resolved 4 R * Income documentation does not meet guidelines (Lvl R) Provide supporting document to verify income as $XXX.XX

XX/XX/XXX - WVOE is provided to support the Income which resolves the condition		 XX/XX/XXX - WVOE is provided to support the Income which resolves the condition XX/XX/XXX - WVOE is provided to support the Income which resolves the condition     QC Complete XXX XXX XXX XXX
XXX 2023010803   XXX XXX XXX Cash Out Not Covered/Exempt 4 1 Credit Doc Issue DLAJGZCEY4B-ITW88JKH Resolved 3 R * Notice of Servicing Transfer missing or unexecuted (Lvl R) Notice of Servicing transfer document is missing.

XX/XX/XXX -  Goodbye letter is usually a post purchase condition that is provided which resolves the condition		 XX/XX/XXX -  Goodbye letter is usually a post purchase condition that is provided which resolves the condition XX/XX/XXX -  Goodbye letter is usually a post purchase condition that is provided which resolves the condition     QC Complete XXX XXX XXX XXX
XXX 2023010803   XXX XXX XXX Cash Out Not Covered/Exempt 4 1 Valuation Doc Issue DLAJGZCEY4B-WP2ZZ45K Resolved 3 R * Missing flood cert (Lvl R) Flood Certificate missed

XX/XX/XXX - Flood Certificate Document is provided by seller which resolves the condition		 XX/XX/XXX - Flood Certificate Document is provided by seller which resolves the condition XX/XX/XXX - Flood Certificate Document is provided by seller which resolves the condition     QC Complete XXX XXX XXX XXX
XXX 2023010805   XXX XXX XXX Refinance Not Covered/Exempt 3 1 Valuation Doc Issue KWQLU350ZWY-JPQK8SU9 Resolved 3 R * Missing Appraisal (Lvl R) Missing Appraisal.

Resolved XX/XX/XXX: The loan is eligible for appraisal waiver		 Resolved XX/XX/XXX: The loan is eligible for appraisal waiver. Resolved XX/XX/XXX: The loan is eligible for appraisal waiver.     QC Complete XXX XXX XXX XXX
XXX 2023010805   XXX XXX XXX Refinance Not Covered/Exempt 3 1 Credit Credit KWQLU350ZWY-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Recent  Mortgage Statement is missing in thid file #XXXA/C#XXX, #Provident Funding Asso A/C#XXX

Mortgage Statement #XXXA/C#XXX is received. Provident Funding Asso A/C #XXX is still missing in the loan file.

Resolved - Received mortgage statement for all account		 Resolved - Received mortgage statement for all account Resolved - Received mortgage statement for all account     QC Complete XXX XXX XXX XXX
XXX 2023010811   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Valuation Doc Issue GAQE5YLLQIT-WMO0OGAE Resolved 3 R * Appraisal incomplete (missing map, layout, pages, etc) (Lvl R) XXXD Appraisal Update report is missing

Received XXXD reflecting Smoke alarm / CO detector combination devices have been installed in each unit.		 Received XXXD reflecting Smoke alarm / CO detector combination devices have been installed in each unit. Received XXXD reflecting Smoke alarm / CO detector combination devices have been installed in each unit.     QC Complete XXX XXX XXX XXX
XXX 2023010831   XXX XXX XXX Purchase Not Covered/Exempt 3 1 Valuation Valuation RUPTDZBVEQD-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) Missing Secondary Valuation required for Securitization. both CU risk scores are missing

XX/XX/XXX - Received CDA as secondary valuation & condition resolved.		 XX/XX/XXX - Received CDA as secondary valuation & condition resolved. XX/XX/XXX - Received CDA as secondary valuation & condition resolved.     QC Complete XXX XXX XXX XXX
XXX 2023010836   XXX XXX XXX Refinance Non-QM/Compliant 2 1 Compliance Compliance YZEBQ2P0XAU-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test.

Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in
Regulation Z.
While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional
requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced
mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test: FAIL X.XXX% X.XXX% +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010819   XXX XXX XXX Cash Out Non-QM/Compliant 2 1 Compliance Compliance JOWPX2DUNOL-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.


Higher-Priced Mortgage Loan Test FAIL: Charged X.XXX% Allowed X.XXX% Over by +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010819   XXX XXX XXX Cash Out Non-QM/Compliant 2 1 Compliance Compliance JOWPX2DUNOL-HJ060Q28 Resolved 2 R * Higher Price Mortgage Loan (Lvl R) This loan failed the CA AB XXX higher-priced mortgage loan test Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code. While the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.


CA AB XXX Higher-Priced Mortgage Loan Test FAIL: Charged X.XXX% Allowed X.XXX% Over by+X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a).     QC Complete XXX XXX XXX XXX
XXX 2023010820   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Credit Application PFY5IPGSJZ4-Z5OC4DZ8 Resolved 2 R * Final 1003 does not has LO sign (Lvl R) Final XXX does not have X years residential history, Former address needs to be updated in final XXX application.

X/X/XXX - Received final XXX with X years residential history and condition is resolved		 X/X/XXX - Received final XXX with X years residential history and condition is resolved X/X/XXX - Received final XXX with X years residential history and condition is resolved     QC Complete XXX XXX XXX XXX
XXX 2023010820   XXX XXX XXX Cash Out Not Covered/Exempt 3 1 Credit Credit PFY5IPGSJZ4-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide missing information for REO Property located at:  XXX XXX  - Hazard Insurance ,Tax Bill or HOA if applicable. If taxes & insurance are escrowed, provide mortgage statement for the same.

XX/XX/XXX - Received supporting document for above REO property and re-calculated the DTI which is within the threshold limit. Hence, condition resolved.		 XX/XX/XXX - Received supporting document for above REO property and re-calculated the DTI which is within the threshold limit. Hence, condition resolved.  XX/XX/XXX - Received supporting document for above REO property and re-calculated the DTI which is within the threshold limit. Hence, condition resolved.      QC Complete XXX XXX XXX XXX
XXX 2023010822   XXX XXX XXX Cash Out Not Covered/Exempt 3 2 Credit Guidelines V0KYKC4I5B4-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Exception approval is present in the package.

Guideline Exception (s) : EC exposure exceeding $Xmil aggregate and maximum X loans for individual borrower.		     FICO is XXX

LTV is XX%		   QC Complete XXX XXX XXX XXX
XXX 2023010822   XXX XXX XXX Cash Out Not Covered/Exempt 3 2 Legal Docs Doc Issue V0KYKC4I5B4-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Amount of title insurance missing on title report. Loan amount is $XXX,XXX.

Resolved XX/XX/XXX: A copy of final title policy with correct amount of title insurance is provided.		 Resolved XX/XX/XXX: A copy of final title policy with correct amount of title insurance is provided. Resolved XX/XX/XXX: A copy of final title policy with correct amount of title insurance is provided.     QC Complete XXX XXX XXX XXX
XXX 2023010823   XXX XXX XXX Purchase Non-QM/Compliant 2 1 Compliance Compliance GLOYK33QB4F-HJ060Q28 Resolved 2 R * Higher Price Mortgage Loan (Lvl R) This loan failed the CA AB XXX higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the
XXX Financial Code. While the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

CA AB XXX Higher-Priced Mortgage Loan Test Fail : Charged: X.XXX% Allowed: X.XXX% Over by: +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a).     QC Complete XXX XXX XXX XXX
XXX 2023010823   XXX XXX XXX Purchase Non-QM/Compliant 2 1 Compliance Compliance GLOYK33QB4F-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Higher-Priced Mortgage Loan Test Fail : Charged: X.XXX%  Allowed: X.XXX%  Over by: +X.XXX%

Resolved XX/XX/XXX: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved XX/XX/XXX: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved XX/XX/XXX: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010824   XXX XXX XXX Purchase Non-QM/Compliant 3 1 Compliance Compliance QYIADIOC02B-FSGBNA1Z Resolved 3 R * Missing Required Disclosures (Lvl R) Fee Itemization is missing in the loan package. Kindly provide Fee Itemization

Borrowers Statement available in the loan package on page number XXX and updated.		 Borrowers Statement available in the loan package on page number XXX and updated. Borrowers Statement available in the loan package on page number XXX and updated.     QC Complete XXX XXX XXX XXX
XXX 2023010827   XXX XXX XXX Cash Out Non-QM/Compliant 3 2 Credit   E5XUZ5OPMDU-G0TZ53U4 Resolved 3 R * Hazard Insurance (Lvl R) We do have a HOX policy present in file. However, kindly provided updated Master Policy for the subject loan as the provided Master policy is incorrect.

XX/XX/XXX - Received clarification on hazard insurance stating that policy cover XXX% of replacement cost and the document was available on the loan package. Hence, condition resolved.		 XX/XX/XXX - Received clarification on hazard insurance stating that policy cover XXX% of replacement cost and the document was available on the loan package. Hence, condition resolved. XX/XX/XXX - Received clarification on hazard insurance stating that policy cover XXX% of replacement cost and the document was available on the loan package. Hence, condition resolved.     QC Complete XXX XXX XXX XXX
XXX 2023010827   XXX XXX XXX Cash Out Non-QM/Compliant 3 2 Credit Other Disclosures E5XUZ5OPMDU-ZXHR0C1D Resolved 3 R * Missing Required Disclosures (Lvl R) Provide a copy of condo questionnaire for the project 'Summit' as it is missing in the fie.

Resolved XX/XX/XXX: Explanation received from client which states that "this doesn’t need a condo questionnaire, it’s a detached condo, no HOA".		 Resolved XX/XX/XXX: Explanation received from client which states that "this doesn’t need a condo questionnaire, it’s a detached condo, no HOA". Resolved XX/XX/XXX: Explanation received from client which states that "this doesn’t need a condo questionnaire, it’s a detached condo, no HOA".     QC Complete XXX XXX XXX XXX
XXX 2023010827   XXX XXX XXX Cash Out Non-QM/Compliant 3 2 Credit Guidelines E5XUZ5OPMDU-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Expense factor for the income calculation is being lesser than XX% , i.e., XX.XX%

XX/XX/XXX - Guidelines exception document is available on page #X. Hence, condition waived.		     Excellent Credit History. Cash out transaction on a primary residence.   QC Complete XXX XXX XXX XXX
XXX 2023010815   XXX XXX XXX Cash Out Non-QM/Compliant 2 1 Compliance Compliance IUJEU521VRH-HJ060Q28 Resolved 2 R * Higher Price Mortgage Loan (Lvl R) This loan failed the CA AB XXX higher-priced mortgage loan test. (CA AB XXX, XXX Financial Code Division X.XXX(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code.While the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met

CA AB XXX Higher-Priced Mortgage Loan Test: Charged X.XXX% Allowed: X.XXX%  Over By: +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB XXX, XXX Financial Code Division X.X XXX(a).     QC Complete XXX XXX XXX XXX
XXX 2023010815   XXX XXX XXX Cash Out Non-QM/Compliant 2 1 Compliance Compliance IUJEU521VRH-DK9NVDYI Resolved 2 R * Higher-Priced Mortgage Loan test Fail (Lvl R) This loan failed the higher-priced mortgage loan test. ( XX CFR § XXX.XX(a)(X) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XX CFR §XXX.XX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.


Higher-Priced Mortgage Loan Test: Charged X.XXX% Allowed: X.XXX% Over By: +X.XXX%

Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).		 Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d). Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation XXX.XX(b), (c) and (d).     QC Complete XXX XXX XXX XXX
XXX 2023010816   XXX XXX XXX Cash Out Non-QM/Compliant 2 1 Credit Credit YGHWYKO0B0L-9U3HDYIW Resolved 2 R * Missing Initial 1003_Application (Lvl R) Initial XXX missing in the file

XX/XX/XXX: Received Initial XXX, condition resolved		 XX/XX/XXX: Received Initial XXX, condition resolved XX/XX/XXX: Received Initial XXX, condition resolved     QC Complete XXX XXX XXX XXX