Exhibit 99.22

Loan ID (Purchasing Lender)

Loan Number (Selling Lender)

Eception ID

Eception ID Date

Condition Category

Condition Standardized Description

Condition ID

Alternative Condition Grade

Status

Condition Custom Description

Cleared Date

Compensating Factors

Lender Response

Comments

Loan Status

Moodys Initial Eception Grade

Moody's Eception Level Grade

Fitch Initial Eception Grade

Fitch Eception Level Grade

S&P Initial Eception Grade

S&P Eception Level Grade

Kroll Initial Eception Grade

Kroll Eception Level Grade

DBRS Initial Eception Grade

DBRS Eception Level Grade

2023010908

XXX

834626

XXX

Property

Missing Third Party Appraisal Review

APPR 0046

Closed

SSR returned score of desk review required.

Verified housing payment history - Borrowers housing history was verified using the Credit Report supporting a total mortgage tradelines, all paid with zero late payments.; Verified employment history - Borrower's employment history supports years within the same industry.; Verified credit history - Borrowers Credit Report showed a credit history dating to year , with a total of tradelines, all paid with zero late payments and a revolving tradeline with a high limit of , .

Desk review supporting value of K received.

Sold

2023010845

XXX

847155

XXX

Credit

Missing Credit Report

CR 0001

Closed

Credit report was not in the file. Subject to reverification of credit package.

Verified reserves - Borrower has over mo verified reserves from cash-out proceeds.

- Received copy of lender credit report.

Sold

2023010845

XXX

851606

XXX

Compliance

Note is Incomplete

NOTE 0050

Acknowledged

Missing Personal Guaranty for XXX. Loan closed in the name of XXX

Verified reserves - Borrower has over mo verified reserves from cash-out proceeds.

Client: EV - Received lender eception for no personal guaranty for loan closed in name of LP.

Sold

2023010845

XXX

851607

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Per section . of the Guide, missing evidence of: personal guaranty by J.O., missing certificate of good standing & ta identification for . File contains XXX,

Verified reserves - Borrower has over mo verified reserves from cash-out proceeds.

Client: EV - TIN# provided. Lender Eception listed separately for no personal guaranty.

Sold

2023010845

XXX

851609

XXX

Credit

Missing Evidence of Ownership of Free and Clear Property

CR 0011

Closed

reflects that property xxxx Ln is owned free and clear. Fraud report reflects Mortgage to AHL originated with a balance of , . Missing proof property is owned Free and Clear or VOM to verify mortgage history .

Verified reserves - Borrower has over mo verified reserves from cash-out proceeds.

received corrected to reflect xxxx Ln is not freeclear.

Sold

2023010845

XXX

857640

XXX

Credit

Loan Amount Eception

CRED 0020

Acknowledged

Loan amount is < , minimum loan amount per productXXX.

Verified reserves - Borrower has over mo verified reserves from cash-out proceeds.

Client: EV - Received lender eception for loan amount < k guideline minimum.

Sold

2023010900

XXX

863029

XXX

Compliance

Estimated Total MinimumMaimum Payment Amount does not match the Disclosed Closing Disclosure Projected Payments Table (12 CFR 1026.37(b)(3))

TRID 0092

Closed

Difference is . Verified taes via Ta Search and Preliminary Title yearly monthly. Lender used lower taes monthly. -- Report The Estimated Total Maimum Payment Amount in column of the Disclosed Closing Disclosure Projected Payments Table does not match the value in the System Calculated Projected Payments Table. The Disclosed Projected Payments Table contains a value of ( ), while the Calculated Projected Payments Table has a value of ( ).

Verified reserves - Borrower has mo verified reserves.; Low LTVCLTVHCLTV - Pur XXX loan is at LTV.

Final CD indicated escrow taes of . XXX website taes are .

Sold

2023010900

XXX

864112

XXX

Credit

Back-end Ratio eception (DTI)

CRED 0004

Closed

Back-end ratio of requires minimum residual income of , . Subject loan with only , in residual income. Lender did not use monthly property ta liability as evidenced by Ta Search. Due to the DTI eceeding , the Guide requires , residual income.

Verified reserves - Borrower has mo verified reserves.; Low LTVCLTVHCLTV - Pur XXX loan is at LTV.

Lender provided documentation that bor's able to apply new rules of Prop w bor age > , new taes factored in on sold residence. DTI now < and no longer requires the residual income requirement.

Sold

2023010901

XXX

861394

XXX

Credit

Discrepancy between 1003 and documentation stated andor verified in file

APP 0006

Closed

Discrepancy between and documentation stated andor verified in file. Loan application does not list , AZ property as evidenced by , Note on pg of loan file.

Verified reserves - mos reserves, minimum mos required

; Low LTVCLTVHCLTV - ltv, ma allowed.

property is new pur XXX not yet disclosed on but has been included on review REO.

Sold

2023010901

XXX

861395

XXX

Compliance

Missing PUD Rider

DEED 0007

Acknowledged

Missing PUD Rider. Per appraisal on pg , subject property is part of of a PUD development with annual dues.

Verified reserves - mos reserves, minimum mos required

; Low LTVCLTVHCLTV - ltv, ma allowed.

Lender provided copy of PUD Rider. Finding remains. PUD Rider is not signed by borrower. Eecuted PUD Rider needed.

Client: The HOA fee is annually, the property does not appear to qualify as a PUD in the true sense of the word per the appraiser pg. . There are no common amenities such as walkways, trails, parks, clubhouses etc. other than a shared lake mentioned by the appraiser.

Sold

2023010904

XXX

872008

XXX

Credit

Credit Documentation is Insufficient

CRED 0093

Closed

Missing copy of Borrower Affirmation-Bank Statements Used to Qualify statement per CSL Bank statement guidelines on page & .

Verified credit history - Lowest Mid FICO score of for B eceeds the minimum required of by points.

; Low DTI - DTI is lower than maimum.; Verified employment history - Verified B and B are both self-employed (selling retail produce at swap meets year-round) with ownership for each since .

Client provided signed affirmation bank statement document

Sold

2023010904

XXX

872053

XXX

Credit

Missing proof of PITI payment on non-subject property

CRED 0096

Closed

Missing verification of new PITIA for: new for XXX Rd (CDs for other refinanced REO were in the file). Subject to reverification

Received CD for XXX

Sold

2023010910

XXX

870931

XXX

Credit

Credit Score (FICO) eception

CRED 0003

Acknowledged

Minimum credit score . Approved credit score .

Eception on file p. for the point variance for a LTV OF cash out refinance.

Established credit history - Borrower has over years of mortgage history.; Verified reserves - Borrower has over mo verified reserves.

Client: EV - Lender approved eception p.

Sold

2023010910

XXX

873491

XXX

Credit

Hazard Insurance Coverage Amount is Insufficient

HAZ 0004

Closed

Dwelling coverage of , per policy p does not cover loan amount of , . No etended replacement coverage indicated and no Replacement Cost Estimator provided to show lower cost to rebuild.

Established credit history - Borrower has over years of mortgage history.; Verified reserves - Borrower has over mo verified reserves.

Lender accepts Appraisal Cost-To-Rebuild for dwelling coverage on insurance policy.

Sold

2023010909

XXX

872932

XXX

Compliance

Missing MortgageDeed of Trust

DEED 0001

Closed

Security Instrument not provided in file. Riders are present.

Established Landlord history - Borrower has over mortgages and yrs landlord history. ; Low LTVCLTVHCLTV - LTV on pur XXX transaction. ; Verified reserves - Borrower has over mo reserves post-close.

Lender provided full recorded copy of Deed of Trust

Sold

2023010909

XXX

873630

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Borrower does not meet minimum DSCR for LTV > at . Lender approved eception p.

Established Landlord history - Borrower has over mortgages and yrs landlord history. ; Low LTVCLTVHCLTV - LTV on pur XXX transaction. ; Verified reserves - Borrower has over mo reserves post-close.

Client: EV - Lender approved eception p.

Sold

2023010920

XXX

873057

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Acknowledged

Per guidelines p, asset balances must be verified within days of closing when used on Asset Qualification program. No updated transaction summary or Verification of Deposit provided in file. Closing date with Fidelity statement ending .

Verified reserves - Borrower has months reserves, months required.; Verified credit history - Borrower has credit score, minimum required.

  Lender provided the following response on  XXX - Sent rebuttal to xxxx, The most recent xxxx statement available was Sep ,  .XXX Issue their statements on a monthly bases. The net statement will be available until Nov st which is after the disbursement date.

***Finding remains.  Lender to provide verification of asset balance within  days of note. Pending client eception.

  Lender provided eplanation of Fidelity monthly statements. Finding remains. Per Asset Qualification program guidelines referenced in lender response, asset balances must be verified within  days of note date.

  Lender provided the following statement: "Please be advised according to the NQM Asset Qualification Program   for Assets and reserves the loan amount is less than , ,   requiring  months of reserve if the loan is less than LTV . Our  months reserve is ,  . The borrower XXX Account ending in   is  .  We ask that you please clear condition at your earliest convenience."

***Finding Remains.  Lender provided an eplanation relating to the reserves.  Lender to provide xxxx Statement that is within  days of closing.

  Finding remains. Asset statement for BofA   is dated within days of closing; however, this account balance of  does not cover one month of income calculated of  . Per guidelines on Asset Qualification program, mo income used for qualification. Qualification is met by Fidelity account with balance , ,  that does not have balance verified within  days of closing.

Client: Client approved eception for verification of asset balance within days of note.

Sold

2023010913

XXX

870672

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Affiliated Business Disclosure not provided in file.

Low LTVCLTVHCLTV - LTVCLTV ; Verified reserves - Borrower has over mo verified reserves with mo required per productXXX.

- Lender provided LOE stating no Affiliated Business Arrangements.

Sold

2023010902

XXX

872491

XXX

Compliance

Affiliated Business Disclosure Not Provided Within 3 Business Days of Application

COMP 0035

Closed

Application Date is . Affiliated Business Disclosure (page )is dated

Verified reserves - months reserves and only months required.; Low LTVCLTVHCLTV - ltv, maimum ltv allowed.

No ABD required, no affiliates.

Sold

2023010902

XXX

872534

XXX

Credit

Back-end Ratio eception (DTI)

CRED 0004

Closed

The DTI is greater than difference per Pg ( )

It appears that all consumer liabilities were not included in the DTI calc- missing that needs to be included in qualification.

Verified reserves - months reserves and only months required.; Low LTVCLTVHCLTV - ltv, maimum ltv allowed.

Collections > months were not required to be added into the liabilities calculation. Removed.

Sold

2023010902

XXX

872654

XXX

Compliance

Missing valid Change of Circumstance(s)

TRID 0171

Acknowledged

Missing COC for LE dated

Verified reserves - months reserves and only months required.; Low LTVCLTVHCLTV - ltv, maimum ltv allowed.

Client: No fee tolerance violation, level finding.

Sold

2023010902

XXX

873928

XXX

Credit

Charge Offs have not been satisfied or paid off

CRED 0041

Closed

Per guidelines, collectionscharge-offs do not need to be paid off if aggregate <, . Credit report indicates collections with; XXX. Total in collection @ , . Missing proof paid off andor eligible to be ecluded in DTI calculations.

Verified reserves - months reserves and only months required.; Low LTVCLTVHCLTV - ltv, maimum ltv allowed.

Guidelines were silent on collections > months. No collections in the last months associated with borrower. Removed.

Sold

2023010902

XXX

873964

XXX

Compliance

Fair Market Value Disclosure not provided or eecuted by Title Holders or Lender

TEQ 0011

Closed

Fair Market Value Disclosure (page ) is not signed by borrowers nor lender.

Verified reserves - months reserves and only months required.; Low LTVCLTVHCLTV - ltv, maimum ltv allowed.

Lender provided a copy of the XXX.

Sold

2023010923

XXX

871757

XXX

Credit

Hazard Insurance Coverage Amount is Insufficient

HAZ 0004

Closed

Hazard insurance coverage is not sufficient. The loan amount is , . HOI Dwelling coverage (p ) is , ; Etended Replacement Cost not included in coverage. The Replacement Cost Estimator reflects , (p ). The Appraisal Estimated Cost New is , (p ).

Established credit history - mid credit scores; year credit depth, ecellent payment history includes AA mortgages; Net tangible benefit - Borrowers received , cash in hand after closing

; Low LTVCLTVHCLTV - LTV is on refinance transaction.

Lender provided updated insurance policy with increased coverage.

Sold

2023010906

XXX

872606

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Minimum residual income requirement of , not met per guidelines p. month average income , with total obligations of , results in a residual income of , .

Low LTVCLTVHCLTV - ltv, maimum allowed.; Verified reserves - mos reserves, minimum months required; Verified credit history - credit score, minimum required.; Low DTI - dti, maimum allowed.

Lender eception sent to client for review and approval. Client to provide eception for file.

Lender provided eplanation of residual income calculation of . Finding remains. is borrowers total monthly income. After subtracting monthly obligations of , remaining residual income is . Pending client approval of Lender eception.

Client: Client approved lender eception for residual income calculation below minimum required.

Sold

2023010907

XXX

871452

XXX

Credit

Missing Schedule of Real Estate Owned

APP 0005

Acknowledged

Missing evidence of status & disposition of property located on XXX Blvd. Per section of loan application, residing at location for years, but it is not on the schedule fo REO. Per section f, borrower's primary residence located on XXX. (Verification required to verify reserves requirement for Additional Financed Properties)

Low LTVCLTVHCLTV - ltv, ma allowed.; Verified credit history - credit score, minimum required.; Verified reserves - mos reserves, minimum mos required.

: Lender provided corrected with XXX XXX as primary address. Also provided evidence that mailing address on XXX belongs to an UPS Store.

Client: : Unsigned by either borrower or originator waived as immaterial and does not affect the underwriting decision.

Sold

2023010925

XXX

871709

XXX

Property

Missing Appraiser License

APPR 0043

Closed

Missing copy of appraiser XXX license.

Low LTVCLTVHCLTV - ltv, maimum ltv allowed.; Verified reserves - months reserves, months requried.; Verified credit history - credit score, minimum required.

- Recd appraiser license

Sold

2023011002

XXX

867727

XXX

Credit

Insufficient Verified Reserves (Number of Months)

CRED 0017

Closed

: Total reserves required . Total verified reserves . Loan is short , in liquid funds for reserves. Per programXXX for Select Prime - Full Doc, required reserves are mo PITIA. Borrower has verified mo reserves. Final reflect use of vested balance of XXX retirement account, when guidelines show of balance permitted.

Verified employment history - Borrower has + years in current position, demonstrating good job stability .; Net tangible benefit - Significant consumer debt paid off thru transaction, showing a reduction of monthly obligations from to , which is a monthly savings of .

Lender provided the following statement "This is debt consolidation loan so only months are required, not ." Based on the XXX the reserve requirement is: Mos PITI for Debt Consolidation if saving in monthly payments.

Sold

2023011002

XXX

867738

XXX

Credit

Hazard Insurance Coverage Amount is Insufficient

HAZ 0004

Closed

Renewal insurance policy indicates dwelling coverage of , . No etended replacement coverage indicated. This does not cover loan amount of , . No Replacement Cost Estimator (RCE) provided to support lower cost-to-rebuild in event of loss.

When including the additional Building Ordinance of , , the coverage amount eceeds the loan balance.

Sold

2023011002

XXX

867743

XXX

Credit

Questionable Occupancy

CRED 0117

Closed

Updated : Eception remains, lender to provide documentation from insurer why policy reads landlord. Lender provided DL issued reflecting subject address. However, XXX Insurance policy effective shows policy type as landlord.

Homeowners Insurance policy reflects Landlord policy with mo rent loss coverage. No eplanation provided for landlord coverage on a primary residence dwelling.

Policy provided reflects homeowners coverage with personal property contents coverage.

Sold

2023011002

XXX

868187

XXX

Credit

Missing Ta Transcript(s)

CRED 0091

Closed

provided in file p has not been eecuted for W transcripts to support full documentation per guidelines section ..

Lender provided eecuted -C document

Sold

2023011002

XXX

868189

XXX

Compliance

Missing valid Change of Circumstance(s)

TRID 0171

Closed

Missing COC for Rate Lock on LE issued .

- Lender provided COC for LE rate lock.

Sold

2023011000

XXX

869575

XXX

Compliance

Missing Evidence of Re-disclosure and a valid COC for an increase in the "Cannot Increase Category" fee(s) from the prior disclosed Loan EstimateClosing Disclosure

TRID 0195

Closed

Missing COC for increase in the Broker fee of to --The amounts disclosed on the last Closing Disclosure for the following fee(s) have increased above the amount disclosed on the Loan Estimate sent on --: Broker Compensation (Borrower Paid). Each fee within the Cannot Increase category cannot increase unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. ( CFR (e); CFR (e); CFR (f)(v)).

- Lender provided COC for Broker Fee, upon resubmission eception cleared.

Sold

2023010935

XXX

873584

XXX

Compliance

Missing MortgageDeed of Trust

DEED 0001

Closed

missing from loan file. The - family rider and pre-pay rider was in the file.

Verified credit history - Good FICO ; Verified reserves - months reserve required with additional per financed REOs= months reserves verified

Deed of Trust provided.

Lender provided a copy of the - Family Rider and Prepayment Rider.

Sold

2023010929

XXX

876057

XXX

Compliance

Initial CD Received Date is business days prior to Consummation Date

TRID 0008

Closed

Missing Initial CD. Earliest CD in file is CD signed at closing. -- The Initial Closing Disclosure Received Date of ( --) is not three business days before the consummation date of ( --). Three business days before the consummation date is ( ). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. ( CFR (f)(ii)(A)); (f)(iii)).

Verified reserves - months reserve requirements months reserve requirements verified; Low DTI -

Lender provided CD wissue date of

Sold

2023010938

XXX

881145

XXX

Compliance

Affiliated Business Disclosure Is Not Eecuted

COMP 0036

Acknowledged

Affiliated Business Disclosure is not in file.

Verified reserves - months reserve requirement months reserves verified; Verified credit history - FICO Minimum

Client: EV FACTS Disclosure in file indicates lender has affiliates. CD does not indicates any fees to affiliates.

Sold

2023010938

XXX

881216

XXX

Credit

Missing Cash to Borrower

HUD 0017

Closed

Cash to Close reflected although loan is listed as Cash-Out. Please see Final and on pages and

Verified reserves - months reserve requirement months reserves verified; Verified credit history - FICO Minimum

Eception made in error. Borrower needed to bring to close to cover the closing costs and debt payoff.

Sold

2023010937

XXX

884136

XXX

Compliance

Missing MortgageDeed of Trust

DEED 0001

Closed

Mortgage not in file.

Verified reserves - months reserve requirements , per cash out months reserves verified; Verified employment history - Borrower has over years in same employment industry; Low LTVCLTVHCLTV - Loan is at LTV.

Recorded Deed of Trust provided.

Sold

2023010937

XXX

885572

XXX

Property

XXX Appraisal Requirements are Not Met

APPR 0044

Closed

Appraisal does not contain affirming that it was prepared in accordance with Title I of XXX and any implementing regulations as required for XXXs.

Cleared revised appraisal with correct XXX provided by lender.

STIP

Sold

2023010933

XXX

880922

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Acknowledged

No Affiliated Business Disclosure found in file. Verified affiliates per FACTS disclosure page . Per final CD, page , no affiliates were paid fee in this transaction.

Verified credit history - Mid FICO of eceeds the minimum required for ma LTV by points.; Low DTI - DTI is below maimum.

Client: EV No Affiliated Business Disclosure found in file. Verified affiliates per FACTS disclosure page . Per final CD, page , no affiliates were paid fee in this transaction.

Sold

2023010933

XXX

880924

XXX

Compliance

Estimated Property Costs over Year 1 Are Not Accurate

TRID 0204

Acknowledged

Unable to validate lenders Non Escrowed Estimated Property Costs over Year calculation of (CD pg ).Taes per ta bill on page is annually , monthly. Hazard per policy on page is annually . Both of these match the lender's amounts listed on page of the CD (page ). HOA of per the appraisal and final application. The lender does not disclose the HOA amount on the CD. Total annual cost or , monthly.

Verified credit history - Mid FICO of eceeds the minimum required for ma LTV by points.; Low DTI - DTI is below maimum.

Client: Non-escrowed loan, level eception.

Sold

2023010933

XXX

884304

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Acknowledged

Unable to locate CPA LOE for authority to access funds for XXX business account. Unable to locate LOE for access to assets in XXX personal account from XXX . Borrower requires months total reserves. Without these asset accounts, borrower reserves vs Lender months on on page .

Verified credit history - Mid FICO of eceeds the minimum required for ma LTV by points.; Low DTI - DTI is below maimum.

Client: Borrower reserves meet guidelines with documented account.

Sold

2023010932

XXX

881205

XXX

Credit

Sales Price on HUD-1 does not agree with Pur XXX Contract

HUD 0014

Closed

Pur XXX Contract pg reflects sales price of , - Final Closing Disclosure pg reflects sales price of , . Cash Sale agreement on page reflects sales price of , ; however, document not dated and transaction is not a cash sale.

Verified credit history - Mid FICO of eceeds the minimum required for ma LTV by points.; Low DTI - DTI is below maimum.; Verified employment history - Verified self-employed since .

Lender provided a copy of the updated sales agreement which reflects a pur XXX price of , .

Sold

2023010932

XXX

886550

XXX

Credit

Hazard Insurance Coverage Amount is Insufficient

HAZ 0004

Closed

Dwelling coverage of , indicated on insurance policy does not cover loan amount of , . No Replacement Cost Estimator provided in file.

Verified credit history - Mid FICO of eceeds the minimum required for ma LTV by points.; Low DTI - DTI is below maimum.; Verified employment history - Verified self-employed since .

Eception made in error. Per appraisal, estimate of cost - new is , . The Dwelling coverage of , is sufficient.

Sold

2023010932

XXX

886658

XXX

Property

Missing Required Property Inspection

PROP 0003

Closed

Appraiser provided value as-is; however, indicates a cost-to-cure of for garage door and siding repairs to both garage and home. Photos in file indicate severe damage to detached garage structure and doors reflect potential safety hazard. Additionally, roof and soffits of both structures reflect deferred maintenance with potential growth of moss. Recommend additional photos of roof andor D reinspection to reflect needed repairs complete.

Verified credit history - Mid FICO of eceeds the minimum required for ma LTV by points.; Low DTI - DTI is below maimum.; Verified employment history - Verified self-employed since .

Cleared lender provided D inspection report for the moss and garage door. Final inspection and photos confirming garage doors had been removed, XXX repaired and the moss cleared from the roof.

Lender provided a final inspection and photos confirming garage doors had been removed, vinyl siding repaired and the moss cleared from the roof.

Sold

2023010939

XXX

881295

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Acknowledged

Missing Affiliated Business Disclosure. Verified affiliates per FACTS disclosure p . Per final CD no affiliates were paid fees in this transaction p .

Low LTVCLTVHCLTV - LTVCLTV . below the ma ; Verified reserves - months above the requirement of months

Client: Missing Affiliated Business Disclosure. Verified affiliates per FACTS disclosure p . Per final CD no affiliates were paid fees in this transaction p .

Sold

2023010939

XXX

884470

XXX

Credit

Missing Loan Approval Date

APRV 0003

Closed

Bank statement worksheet and are undated.

Low LTVCLTVHCLTV - LTVCLTV . below the ma ; Verified reserves - months above the requirement of months

Lender provided a response for ABD, but did not respond to missing loan approval.

***Finding remains. Lender to provide a copy of the conditional loan approval.v

Investor acknowledged eception. Ok to clear with final in file.

Sold

2023010940

XXX

887546

XXX

Credit

Missing Underwriter Loan Approval

APRV 0001

Closed

Loan approval was not in the file; pg

Verified reserves - months reserves verified, mos required.; Verified credit history - credit score, minimum eligible.; Low DTI - dti, maimum eligible.

Lender provided a copy of the conditional loan approval.

Sold

2023010934

XXX

886409

XXX

Credit

Missing Underwriter Loan Approval

APRV 0001

Closed

Lender loan approval not provided. Undated pg.

Low LTVCLTVHCLTV - LTVCLTV - below the ma ; Established Landlord history - Borrower has multiple REO's with good payment history. Subject loan has DSCR coverage.

Lender provided a copy of the loan conditions.

***Finding remains. Lender to provide a copy of the Loan Approval.

Lender provided response indicating loan was underwritten based on Non-QM Investor guides and per guides loan approval was not required; was in the file.

Sold

2023011007

XXX

890972

XXX

Compliance

Missing valid Change of Circumstance(s)

TRID 0171

Closed

Missing COC for LE issued . Rate lock, and loan amount decrease. See page

Verified reserves - months; Verified employment history - Borrower has + years in the same business per CAP letter p.

: Received copy of COC dated . Eception cleared.

Sold

2023011007

XXX

893065

XXX

Credit

Loan Amount Eception

CRED 0020

Closed

Minimum Loan amount is , perXXXces . Loan amount of , does not meet guidelines.

Verified reserves - months; Verified employment history - Borrower has + years in the same business per CAP letter p.

Client provided correct LenderXXX for . Per lenderXXX p, Select Prime - Alt Doc, minimum loan amount is , .

Sold

2023011007

XXX

991272

XXX

Credit

Unacceptable Borrower Citizenship Status

CLNT 0003

Acknowledged

ITIN Loan - Reported for informational purposes.

Verified reserves - months; Verified employment history - Borrower has + years in the same business per CAP letter p.

Client: ITIN Loan - Reported for informational purposes. ITIN pg. Passport pg

Sold

2023011004

XXX

890890

XXX

Property

Potential Flip Transaction

PROP 0007

Acknowledged

Per guidelines p regarding Flip Transactions, no assignments of pur XXX contract to another buyer are accepted and property must be openly marketed. Per contract in file, borrower is not original buyer and has assumed contract from rd party entity.

Verified credit history - Borrower has qualifying FICO with payment history and credit depth. minimum FICO required for .

  Lender provided contract addendum adding borrower to contract.

*Finding Remains* SUBJECT TO INVESTOR REVIEW AND APPROVAL. Previous contract addendum already present in original file p  reflecting contract assignment from unrelated rd party entity. Per guidelines p regarding Flip Transactions, no assignments of pur XXX  contract to another buyer are accepted and property must be openly marketed.

  *Finding Remains* SUBJECT TO INVESTOR REVIEW AND APPROVAL

Lender responded with a Loan Processor letter, stating than an addendum to contract has been requested adding Borrower as pur XXX r.

***Eception remains: Flip Transactions, no assignments of pur XXX  contract to another buyer are accepted and property must be openly marketed. Per contract in file, borrower is not original buyer and has assumed contract from rd party entity.  Pending receipt of updated pur XXX  contract and Investor approval.

Client: EV Investor approved eception. No change to sale price and no other sale of property in last years.

Sold

2023011004

XXX

890922

XXX

Credit

LTV Eceeds Ma Allowed

CRED 0010

Closed

Per productXXX, First-Time investor is limited to LTV on Investor DSCR program. LTV is higher than guideline.

Verified credit history - Borrower has qualifying FICO with payment history and credit depth. minimum FICO required for .

Cleared Lender provided FLE Guideline Updates . DSCR removed first time investor requirements.

Lender provided FLE Guideline Updates . DSCR removed first time investor requirements.

Sold

2023011003

XXX

890745

XXX

Compliance

Missing Initial Loan Estimate

TRID 0170

Closed

Initial LE is not in loan file.

Low LTVCLTVHCLTV - LTV is at .; Verified reserves - Borrower has months verified reserves.; Verified employment history - Borrower has over yrs self-employment

: Received copy of Initial LE issued Eception cleared.

Sold

2023011003

XXX

890871

XXX

Compliance

Initial Loan Estimate Sent Date Business Days from Application Date ( Rule)

TRID 0027

Closed

The Initial Disclosure Date ( --) is more than business days from the Application Date ( --). Three business days from the Application Date is ( --). Under Regulation Z, a Loan Estimate must be delivered or placed in the mail not later than the third business day after receiving a consumer's application.( CFR (e)(iii))

Low LTVCLTVHCLTV - LTV is at .; Verified reserves - Borrower has months verified reserves.; Verified employment history - Borrower has over yrs self-employment

: Received copy of Initial LE issued Eception cleared.

Sold

2023011003

XXX

890872

XXX

Compliance

Intent To Proceed Date Loan Estimate Received Date

TRID 0046

Closed

The date the consumer indicated an intent to proceed with a transaction ( --) is before the date the consumer received the Loan Estimate ( --). A consumer cannot indicate an intent to proceed with a transaction until it receives the Loan Estimate. Under Regulation Z, neither a creditor nor any other person may impose a fee, other than a credit report fee, before the consumer has received the Loan Estimate and indicated to the creditor an intent to proceed with the transaction described by the Loan Estimate. ( CFR (e)(i)(A))

Low LTVCLTVHCLTV - LTV is at .; Verified reserves - Borrower has months verified reserves.; Verified employment history - Borrower has over yrs self-employment

: Received copy of Initial LE issued Eception cleared.

Sold

2023011003

XXX

893617

XXX

Credit

Loan Amount Eception

CRED 0020

Acknowledged

Minimum Loan Amount is , perXXX p . Loan amount of , does not meet guidelines.

Low LTVCLTVHCLTV - LTV is at .; Verified reserves - Borrower has months verified reserves.; Verified employment history - Borrower has over yrs self-employment

Client: Investor acknowledged eception.

Sold

2023011003

XXX

893646

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Guidelines require Business Ownership for bank statement program. Borrower is owner. Income calculated based on percentage of ownership. Approved Eception in file p. . To be reviewed and accepted by client.

Low LTVCLTVHCLTV - LTV is at .; Verified reserves - Borrower has months verified reserves.; Verified employment history - Borrower has over yrs self-employment

Client: Investor acknowledged eception.

Sold

2023010944

XXX

891905

XXX

Compliance

Affiliated Business Disclosure Not Provided Within Business Days of Application

COMP 0035

Acknowledged

ABD was disclosed on , which is not within the allowable business days on Application .

Low LTVCLTVHCLTV - Refinance LTVCLTV is , which is below the maimum required for this loan characteristic ; Low DTI - Final review DTI is .

Client: EV - No assignee liability.

Sold

2023010944

XXX

891919

XXX

Compliance

Missing T Home Equity Acknowledgment Regarding Voluntary Repayment of Eisting Debt

TEQ 0020

Closed

Required T Home Equity Acknowledgment Regarding Voluntary Repayment of Eisting Debt is not provided in loan file.

Low LTVCLTVHCLTV - Refinance LTVCLTV is , which is below the maimum required for this loan characteristic ; Low DTI - Final review DTI is .

Teas HE Affidavit and Agreement in file, signed and notarized.

Sold

2023010941

XXX

898827

XXX

Credit

Missing Underwriter Loan Approval

APRV 0001

Closed

File was missing loan approval

Verified reserves - months reserves verified; months required for subject.; Verified credit history - Fico . points above the minimum permitted for this loan at LTV.

Investor acknowledged eception. Ok to clear with final in file.

Sold

2023010947

XXX

893733

XXX

Credit

Missing Loan Approval Date

APRV 0003

Closed

Undated provided. Lender Conditional Approval needed for approval date to verify correct guidelines used.

Verified reserves - Borrower has months verified reserves which eceeds months required.; Verified credit history - Borrower has verified credit score which eceeds minimum required for LTV.

Investor acknowledged eception. Ok to clear with final in file.

Sold

2023010947

XXX

898922

XXX

Compliance

Missing Mortgage Transaction Date

DEED 0003

Closed

Deed of Trust notary sign date not provided. Notary error made with Notary name entered in lieu of date.

Verified reserves - Borrower has months verified reserves which eceeds months required.; Verified credit history - Borrower has verified credit score which eceeds minimum required for LTV.

Lender provided corrected acknowledgement from Notary to include date of Deed signature

**Finding remains** Need Intent to re-record from lender or verification of re-recorded Deed needed.

Lender provided updated Notary acknowledgment

Sold

2023010945

XXX

899311

XXX

Credit

Missing Loan Approval Date

APRV 0003

Closed

Undated provided. Lender Conditional Approval needed for approval date to verify guideline version used. Reviewed to guides - subject to reverification.

Verified reserves - Borrower has months reserves verified with months required. ; Established Landlord history - Borrower has verified additional REO properties with landlord eperience and good payment history.

Investor acknowledged eception. Ok to clear with final in file.

Sold

2023010943

XXX

899370

XXX

Credit

Missing Loan Approval Date

APRV 0003

Closed

Undated provided. Lender Conditional Approval needed for approval date to verify correct guidelines used.

Verified reserves - Per guidelines, month reserve requirement plus for additional REOs is, required. Borrower has months reserves verified.; Verified credit history - Borrower has qualifying FICO of which eceeds minimum perXXX.

Investor acknowledged eception. Ok to clear with final in file.

Sold

2023010946

XXX

893426

XXX

Credit

Missing Underwriter Loan Approval

APRV 0001

Closed

in file; however, loan approval was missing.

Verified reserves - months reserves verified; months required for subject.; Verified credit history - FICO with minimum for LTV

Investor acknowledged eception. Ok to clear with final in file.

Sold

2023010957

XXX

899169

XXX

Credit

Missing Loan Approval Date

APRV 0003

Closed

Undated provided. Lender Conditional Approval needed for approval date to verify correct guidelines used.

Verified credit history - Borrower has qualifying FICO which is points higher than minimum required. ; Verified housing payment history - Months mortgage history reviewed on Investment Property and months on Primary Residence show no late payments.

Investor acknowledged eception. Ok to clear with final in file.

Sold

2023010957

XXX

899173

XXX

Credit

Missing Copy of Quit Claim Deed

QCD 0001

Closed

Per Addendum to Note (p ), Borrower is XXX As Managing Member of XXX s. DOT is correct, but Grant Deed in file (p ) is not eecuted.

Lender provided a copy of the eecuted Grant Deed.

Sold

2023010981

XXX

896528

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Initial eecuted by borrower not provided in file.

Verified reserves - Borrower has months reserves verified which eceeds month reserve requirement , .; Verified credit history - Borrower has FICO of which eceeds minimum

Client: EV Investor acknowledged eception.

Sold

2023010987

XXX

897085

XXX

Compliance

Missing E-Sign Disclosure

TRID 0134

Closed

Copy of econsent not provided within image file. eSign certificate for the initial disclosures (p ) does not indicate a consent date.

Low LTVCLTVHCLTV - LTVCLTV . above the maimum required by the applicable guidelines ; Verified reserves - Months reserves

Initial LEDisclosures were signed in person. DocMagic consent for locked LE is in file on page .

Sold

2023010982

XXX

897610

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Initial Application, eecuted by borrower, not provided in file.

Established credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Low LTVCLTVHCLTV - Ma LTV per guidelines. Verified LTV is , which is lower than allowable.

Client: EV Investor acknowledged eception.

Sold

2023010970

XXX

896490

XXX

Compliance

Missing Evidence of Re-disclosure and a valid COC for the total amount of the Closing Disclosure Category fees that increased by more than from the amount disclosed on the prior Loan Estimate or Closing Disclosure.

TRID 0124

Closed

The total amount of Closing Disclosure Category fees ( ) increased by more than from the total amount disclosed on the Loan Estimate sent on --, ( ). The total amount of fees in this category cannot eceed ( ) unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. ( CFR (e)(ii); CFR (e)(iv); CFR (f)(v)).

Verified reserves - months reserve requirement Borrower has reserve months verified post closing which eceeds months required perXXX; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

: Received copy of updated Final CD showing credit to borrower in Payoffs section. Eception cleared.

Sold

2023010983

XXX

898614

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Initial Application not provided in file. Eecuted needed to verify application date. .

Verified reserves - Borrower has months reserves verified which eceeds months required reserves perXXX. ; Verified credit history - Borrower has qualifying FICO which eceeds minimum required for LTV.

Client: EV Investor acknowledged eception.

Sold

2023010984

XXX

991590

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Missing nd full appraisal for loan amount > mm.

Verified housing payment history - Per Credit Report there are no derogatory marks on mortgage payments; Verified reserves - months reserves verified; months were required

Client: Lender acknowledged eception- Per Lender approved eception with CDA supporting value. LTVCLTV

Sold

2023010988

XXX

898111

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Missing from Loan file

Low LTVCLTVHCLTV - LTV with ma allowed of . ; Net tangible benefit - Two mortgages paid off with subject transaction. Prior combined PITIA being reduced to single payment.

Client: EV Investor acknowledged.

Sold

2023010989

XXX

900453

XXX

Compliance

File Documentation is Incomplete

COMP 0047

Closed

missing Borrower phone number and length of time at current residence.

Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for BluePoint NQM-DSCR Program with FICO Score - and a loan <= MM.; Minimal outstanding debt - Per the borrower's credit report in file (pg. ), there is an established credit history since . Borrower has minimal outstanding revolving debt and one openactive installment loan also supporting conservative credit use. ; Verified reserves - BluePoint NQMXXX_ _UW requires months PITIA for the Subject Property only. PITIA is ( + + ); month PITIA requirement is ( ). Borrower received , in total Cash-out from the transaction. Borrower has , ecess reserves.

Eception cleared - lender provided a corrected

Sold

2023010997

XXX

896744

XXX

Compliance

Missing Homeownership Counseling Disclosure

RESPA 0029

Closed

Homeownership Counseling Disclosure is not in loan file.

Low LTVCLTVHCLTV - Loan LTV is , which is > lower than la allowable perXXX.; Low DTI - Verified DTI of is lower than ma allowable of .

: Received copy of Homeownership Counseling Disclosure. Eception cleared.

Sold

2023010997

XXX

896745

XXX

Compliance

Missing Intent to Proceed

TRID 0130

Closed

Intent to Proceed is not in loan file.

Low LTVCLTVHCLTV - Loan LTV is , which is > lower than la allowable perXXX.; Low DTI - Verified DTI of is lower than ma allowable of .

: Received copy of Intent to Proceed. Eception cleared.

Sold

2023010997

XXX

896746

XXX

Compliance

Missing E-Sign Disclosure

TRID 0134

Closed

Missing E-sign Disclosure.

Low LTVCLTVHCLTV - Loan LTV is , which is > lower than la allowable perXXX.; Low DTI - Verified DTI of is lower than ma allowable of .

: Received copy of Doc Magic eSign Certificate. Eception cleared.

Sold

2023010997

XXX

896747

XXX

Compliance

No proof borrower(s) can receive documents via the electronic method as intended

TRID 0135

Closed

Missing E-sign Disclosure.

Low LTVCLTVHCLTV - Loan LTV is , which is > lower than la allowable perXXX.; Low DTI - Verified DTI of is lower than ma allowable of .

: Received copy of Doc Magic eSign Certificate. Eception cleared.

Sold

2023010997

XXX

896748

XXX

Compliance

Missing Initial Loan Estimate

TRID 0128

Closed

Initial LELEs are not in loan file.

Low LTVCLTVHCLTV - Loan LTV is , which is > lower than la allowable perXXX.; Low DTI - Verified DTI of is lower than ma allowable of .

: Received copy of Initial LE. Eception cleared.

Sold

2023010997

XXX

896805

XXX

Compliance

Initial CD Received Date is business days prior to Consummation Date

TRID 0008

Closed

Initial CE not in file. Earliest CD in file is CD signed by borrower at closing. --

The Initial Closing Disclosure Received Date of ( --) is not three business days before the consummation date of ( --). Three business days before the consummation date is ( ). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. ( CFR (f)(ii)(A)); (f)(iii))

Low LTVCLTVHCLTV - Loan LTV is , which is > lower than la allowable perXXX.; Low DTI - Verified DTI of is lower than ma allowable of .

: Received copy of Initial CD. Eception cleared.

Sold

2023010997

XXX

902145

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Closed

Initial Application, eecuted by borrower, not provided in file. Used Application Date from Doc Magic report (pg. ). Need verification of Application Date to finalize compliance testing.

Low LTVCLTVHCLTV - Loan LTV is , which is > lower than la allowable perXXX.; Low DTI - Verified DTI of is lower than ma allowable of .

: Received copy of signed Initial Application. Eception cleared.

Sold

2023010997

XXX

902162

XXX

Compliance

Missing Evidence of Service Provider List

TRID 0151

Closed

Service Provider List not in file.

Low LTVCLTVHCLTV - Loan LTV is , which is > lower than la allowable perXXX.; Low DTI - Verified DTI of is lower than ma allowable of .

: Received copy of Service Provider List. Eception cleared.

Sold

2023010997

XXX

902163

XXX

Compliance

XXX Loan

COMP 0016

Acknowledged

Non-compliant XXX due to lack of escrow impounds for ta and insurance at origination. --

You submitted no impound amounts for property insurance on this XXX loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: termination of the underlying debt obligation or FIVE years after consummation, if the unpaid principal balance is less than of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. ( CFR (b)).

The loan's ( ) APR equals or eceeds the XXX threshold of ( ). The threshold is determined by adding points to the comparable average prime offer rate inde on the "last date the interest rate is set before consummation." The comparable APOR for this loan is ( ).( CFR (a)(i))

Low LTVCLTVHCLTV - Loan LTV is , which is > lower than la allowable perXXX.; Low DTI - Verified DTI of is lower than ma allowable of .

  - Received same documents as on .  No change.

** Loan can be downgraded to an EV after the recession period epires

  - Received documents including Payment Letter to borrower, escrow account disclosure statement, two reopened RORs eecuted by borrower and non-borrowing spouse, eecuted Post-Closing issued CD and appraisal addendum.

** Loan can be downgraded to an EV after the recession period epires

: Findings remain Received doc labeled 'appraisal ,' which is appraisal addendum.  Eception is due to lack of escrow impounds on XXX.

: Received doc labeled 'appraisal ,' which is appraisal addendum.  Eception is due to lack of escrow impounds on XXX. Finding remains.

Client: EV Post Closing corrective Action- - Received documents including Payment Letter to borrower, escrow account disclosure statement, two reopened RORs eecuted by borrower and non-borrowing spouse, eecuted Post-Closing issued CD and appraisal addendum. Recession period epired .

Sold

2023010972

XXX

900519

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Missing from loan file

Verified reserves - months reserve requirement , reserve months verified; Verified credit history - FICO minimum

Client: EV Investor acknowledged eception.

Sold

2023010972

XXX

900537

XXX

Compliance

Missing evidence of the Seller HUD1

HUD 0027

Acknowledged

Missing seller HUD

Verified reserves - months reserve requirement , reserve months verified; Verified credit history - FICO minimum

Client: EV No assignee liability.

Sold

2023010973

XXX

898564

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Missing Initial Application

Established Landlord history - Borrower has of properties seasoned more than months ; Low LTVCLTVHCLTV - LTV is below the maimum LTV for this loan characteristic.

Client: EV Investor Acknowledged Eception

Sold

2023010985

XXX

901237

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Missing Initial . Review used credit report date of for application date.

Low LTVCLTVHCLTV - LTVCLTV is wa ma allowed of for a cash out refinance.; Verified reserves - mths reserves verified with subject cash out proceeds.

Client: EV Investor Acknowledged Eception

Sold

2023010990

XXX

899967

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Missing Initial Application. Review utilized Credit Report date of for review.

Verified reserves - mths reserves verified with subject cash out proceeds.; Verified credit history - Borrower has a mid FICO of wa minimum requirement of .

Client: EV Investor Acknowledged Eception

Sold

2023010990

XXX

900020

XXX

Credit

LTV Eceeds Ma Allowed

CRED 0010

Acknowledged

Lender underwriter acknowledged LTV eception per (pg. ). Ma LTV is for Cash-Out Refinance, FICO +, Loan amount , , - , , with DSCR>= perXXX.

Verified reserves - mths reserves verified with subject cash out proceeds.; Verified credit history - Borrower has a mid FICO of wa minimum requirement of .

: Lender is requesting investor approval for this eception. Comp factors cited are credit score points > required. Pending investor review.

Client: EV Investor Acknowledged Eception

Sold

2023010990

XXX

901152

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

Missing copy of lenders closing instructions to the title companyclosing agent. Deed of Trust is not Recorded.

Verified reserves - mths reserves verified with subject cash out proceeds.; Verified credit history - Borrower has a mid FICO of wa minimum requirement of .

Client: EV Investor Acknowledged Eception

Sold

2023010991

XXX

899411

XXX

Credit

Missing Final 1003 Application

APP 0001

Closed

Final application is missing. There is a final application in file (pg. ) but it is for XXX Sanders who is not the subject loan borrower. Borrower is XXX. Missing final application for Borrower, XXX. Initial application (pg. ) is in file for this borrower. Unable to confirm all final debts lender considered in qualifying vs. debts paid off on final CD (pg. ).

Net tangible benefit - Subject owner occupied transaction reflects a refinance from to a fied rate at . PITIA lowered from , to . Loan amount increased as additionally the borrower paid off si total consumer accounts with the subject transaction, one being an installment loan. ; Potential for increased earnings - Bank Statements indicate increased average earnings. Average monthly deposits for st half of (Jan - Jun) were , and for the nd half (Jul - Dec).; Verified housing payment history - Per credit report (pg. ), prior mortgage history paid for months reviewed.

- Lender provided eecuted final .

Sold

2023010991

XXX

899427

XXX

Compliance

Missing valid Change of Circumstance(s)

TRID 0171

Closed

Missing COC for LE issued

: Received copy of COC dated . Eception cleared.

Sold

2023010991

XXX

901699

XXX

Credit

Missing Documentation or Proof of ATR Underwriting Factors

QMATR 0016

Closed

Missing Final eecuted by borrower to confirm Lender considered all outstanding debts owed by the borrower. Missing satisfactory verification of XXX installment debt paid off on final CD (pg. ) in amount of and proof it has been paid in full. This debt was not reflected on credit report or the initial borrower . Confirmation is required per guidelines (pg. , section . ). Ma DTI is .

- Lender provided a Payoff Statement for XXX to confirm amounts on the final CD. Missing is satisfactory verification of the debt payment history as required per guidelines. Final provided reflecting this debt in section c. Eception Remains

***Partially cleared. Missing is satisfactory verification of the installment debt with Fortifi.

- Lender provided a Payoff Statement for XXX to confirm amounts on the final CD. Missing is satisfactory verification of the debt payment history as required per guidelines.

Sold

2023010991

XXX

903645

XXX

Credit

Insufficient Verified Reserves (Number of Months)

CRED 0017

Acknowledged

months of verified reserves required per guidelines with cash out proceeds being allowed only on an eception basis. Missing evidence of sufficient reserves. Short reserves as only one account verified with < balance or evidence of Lender acknowledged eception as noted in guidelines.

Lender provided full copy of XXX v guidelines. **Finding remains** These guidelines are effective and loan closed . XXX v guides apply.

: Lender requesting eception approval for using cash-out to cover reserve requirement. Comp factor cited is debt consolidation reduced payments by a minimum of or . Pending client review.

Client: EV Investor Acknowledged Eception.

Sold

2023010993

XXX

903184

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Cash-back used to cover required reserves will be reviewed as eceptions only per Guidelines p. Borrower's bank statements in file not cover reserve requirements and no assets are listed on . Borrower has months reserves based on bank statements. Per in file p , Underwriter comment "Reserve requirement met with cash-out."

Verified reserves - Borrower has mo reserves which eceeds mo required perXXX; Verified employment history - Borrower has been in the same line of work since per Business License p. ; Verified credit history - midscore, minimum required .

  - Lender provided an ecerpt of the guidelines.

*** Finding remains: Cash-back used to cover required reserves will be reviewed as eceptions only per Guidelines p. Borrower's bank statements in file not cover reserve requirements and no assets are listed on  . Borrower has  months reserves based on bank statements. Eception request must be in writing and acknowledge by the investor. SUBJECT TO INVESTOR REVIEW AND APPROVAL.

  - LOE uploaded for cash out reserves.  Please waive.

*** Finding remains: Cash-back used to cover required reserves will be reviewed as eceptions only per Guidelines p. Borrower's bank statements in file not cover reserve requirements and no assets are listed on  . Borrower has  months reserves based on bank statements. Eception request must be in writing and acknowledge by the investor.

Client: EV Investor acknowledged eception. Additional comp factors; LTV = , DTI = , gross disposable income > per month.

Sold

2023010986

XXX

903154

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Initial Application, eecuted by borrower, not provided in file.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

Client: EV Investor Acknowledged Eception

Sold

2023010998

XXX

904049

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Closed

Jan. bank statement from XXX # as used in lender income calculation on worksheet p. is not provided in file.

Low LTVCLTVHCLTV - Loan LTV is , which is lower than LTV permitted per programXXX; Verified housing payment history - Borrower has months mortgage history reporting with .; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

Lender provided a complete copy of bank statement ending # validating , in deposits as used in lender and review income calculation.

Sold

2023010998

XXX

907565

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Closed

Per XXX Credit Guidelines, assets to be verified with two most recent, consecutive statements. XXX has one statement only provided to source funds-to-close.

Lender provided WF VOD for showing sufficient funds for closing and to cover reserve requirement.

Sold

2023010998

XXX

907578

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Per XXX Credit Guidelines p, verification business has been established for a minimum of yrs is required for Enhanced Doc (Bank Statement) Program. CPA letter p verifies self-employment of XXX since ; however that business was not used for qualification. XXX is business stated on bank statements used for income qualification. reflects start date of this business as with registration date of . Two years business operation has not been validated.

Lender provided proof that the business is registered with city since

*** Finding remain ECEPTION required.  Guidelines requires business  to be established and in eistence for  years.  File contains a CPA letter stating that borrower has owned a similar business since  . Eception must be requested with Investor for less than  years eistence.

    Seller sent business directory for XXX

**Finding remains - Per guidelines XXX Credit Guidelines , Business must be established for  years.

Client: Investor Acknowledged Eception based on the following comp factors: Mid FICO , mths verified reserves.

Sold

2023010994

XXX

903337

XXX

Compliance

Missing evidence of the Seller Closing Disclosure

TRID 0193

Acknowledged

Seller Closing Disclosure is not provided in file.

Verified housing payment history - Rental history was verified dating back from .; Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for epert Enhanced Program pur XXX .

Client: EV No assignee liability.

Sold

2023010994

XXX

907305

XXX

Compliance

Affiliated Business Disclosure Not Provided Within 3 Business Days of Application

COMP 0035

Closed

ABD disclosure provided (p )

Verified housing payment history - Rental history was verified dating back from .; Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for epert Enhanced Program pur XXX .

Received ABD. Eception cleared. - Client: EV - ABD provided. FACTS in file indicates affiliate; however no affiliates paid on transaction per CD.

Sold

2023010869

XXX

904091

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Missing Affiliated Business Disclosure. FACTS Disclosure (pg. ) is incomplete. Unable to determine whether or not lender has affiliates.

Verified housing payment history - Credit Report p. in file reflects months of satisfactory mortgage history paid .; Verified employment history - Borrower's VVOE p. reflects yrs employment history has been in the same business since

Verified affiliate is not paid or used on transaction. ABD not required.

Sold

2023010869

XXX

905006

XXX

Credit

Back-end Ratio eception (DTI)

CRED 0004

Closed

DTI of eceeds Ma Guidelines allowed.

- Received a response from Lender stating: "please see attached the correct income calculation used for final approval along with a revised and using , a month income based on XXX business account # .

*Eception remains. Missing is evidence of months of business bank accounts for XXX account ending in # . File only contains two months bank statements (pgs. - ). Income calculation worksheet reflects , in monthly income. Final Review DTI remains outstanding. Lender tape value is . Updated reflects .

- Lender provided months of additional business bank statements for account ending # that supports the Lender revised income calculation submitted on of , per month resulting in a Review DTI of . *Eception cleared.

Sold

2023010869

XXX

905068

XXX

Credit

Discrepancy between 1003 and documentation stated andor verified in file

APP 0006

Closed

Income verified by months bank statements calculated p. Initial p.and Final p. stated , = and p. used

- Lender provided months of additional business bank statements for account ending # that supports the Lender revised income calculation submitted on of , per month. *Eception cleared.

Sold

2023010869

XXX

906128

XXX

Compliance

Estimated Total MinimumMaimum Payment Amount does not match the Disclosed Closing Disclosure Projected Payments Table (12 CFR 1026.37(b)(3))

TRID 0092

Closed

Variance is due to property taes. Ta Record Sheet (pg. ) has a correction. Original quarterly amount of , was changed to , . Payment on CD is based on lower amount prior to the correction. -- The Estimated Total Maimum Payment Amount in column of the Disclosed Closing Disclosure Projected Payments Table does not match the value in the System Calculated Projected Payments Table. The Disclosed Projected Payments Table contains a value of ( ), while the Calculated Projected Payments Table has a value of ( ).

: Received copy of LOE and PCCD with corrected Maimum Payment Amount. Need evidence of delivery to borrower.

: Copy of LOE and PCCD is sufficient; sent via US mail. Eception cleared.

Sold

2023010869

XXX

906140

XXX

Compliance

No Real Estate Commission(s) disclosed on final Closing Disclosure for Pur XXX transaction (12 CFR 1026.38(g)(4))

TRID 0196

Acknowledged

No assignee liability.

EV No assignee liability. - Client: EV No assignee liability.

Sold

2023010865

XXX

904489

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Closed

DOT in file is unrecorded. Unable to locate language in Closing Instructions directing Closing Agent to record the security instrument.

Verified liquid assets andor savings history - Borrower has verified liquid assets in business (# , p. ) and personal (# , p. ) of ( + ) remaining after closing. ; Low DTI - Borrower's has been in business for more than years and the calculated DTI is below the maimum threshold.

- Received evidence from cover letter presented to the DOT that Security Instrument is being sent for recording with Custodian as XXX. The copy provided with cover does not yet reflect final recording information. *Eception Cleared.

Sold

2023010865

XXX

904526

XXX

Credit

Questionable Occupancy

CRED 0015

Closed

Hazard Insurance Policy does not cover contents. Additionally, mailing address is PO Bo.

- Received lender response of: "while no contents coverage can be a red flag for occupancy, the entirety of the loan has to be considered. Contents coverage is not a requirement. Borrower owns no other real estate as evidence on the loan application and the Fraud Guard.

*Eception Cleared.

Sold

2023010865

XXX

906269

XXX

Property

Property Type is prohibited

PROP 0002

Acknowledged

Per Appraisal , Property Type is Rural. Per XXX Classic Guide , Section Ineligible Property Types, Rural Properties are ineligible. Eception noted by Lender . Compensating Factors: DTI < of ma allowed, Years in the line of work years. SUBJECT TO INVESTOR APPROVAL.

- Lender provided a copy of non-QM eception tracking for Rural property listing compensating factors of DTI below ma allowed, in business for years, and sufficient reserves.

**Eception Remains. Subject to INVESTOR REVIEW

Client: EV Investor approved eception.

Sold

2023010859

XXX

904199

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Acknowledged

ABD not provided. Per FACTs pg , Lender has no affiliates.

Verified credit history - Fico . points above the minimum required for Grade A+ loan program. ; Verified reserves - Months of liquid reserves.

Client: EV Investor acknowledged eception. ABD not provided. Per FACTs pg , Lender has no affiliates.

Sold

2023010862

XXX

905824

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Closed

Missing a letter, from non-borrower Winta Andom, confirming access to joint bank accounts that were used to verify sufficient funds to close.

- Received letter dated from non-borrowing spouse confirming borrower has full access to joint accounts. Eception cleared.

Sold

2023010872

XXX

904903

XXX

Compliance

APN Number is not listed on Security Instrument

COLL 0001

Closed

DOT , property description on page identifies property as LOT in Block , but does not include APN. APN on Appraisal and Ta Certificate is R .

Verified reserves - Borrower has months of verified reserves after closing when guidelines for "A" Program at LTV require months. Reserves required are ( ). Borrower has ecess reserves of ( - ) or months.; Low LTVCLTVHCLTV - Pur XXX transaction for "A" Borrower with FICO at LTV. XXX Classic Guide allows up to LTV for borrowers with + FICO scores.

Legal description located in deed.

Sold

2023010872

XXX

904904

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Closed

DOT located in file is not recorded. Unable to locate Lender Instructions directing title company to record mortgage.

Lender provided a copy of the recorded DOT with PUD rider.

Sold

2023010872

XXX

906759

XXX

Credit

Missing Underwriter Loan Approval

APRV 0001

Closed

Missing loans approval. p. .

Investor acknowledged

Sold

2023010871

XXX

904147

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Closed

Per XXX Achiever Epanded Guide Self-employed Business Bank Statements pg. If borrower is not owner, the file must have a CPA letter or other documentation disclosing ownership interest.

Missing evidence of ownership percentage. CPA Letter not provided. State SOS print out indicates borrower holds all eecutive roles in company.

Verified reserves - Months of additional liquid reserves. ; Verified credit history - Fico . points above the minimum required for this loan characteristics

- lender provided a K statement for to confirm borrower has ownership. * Eception cleared.

Sold

2023010871

XXX

904274

XXX

Credit

Missing Verifiable Months of Income Earnings

CRED 0067

Closed

Missing Business Bank statements for the months of September, October and November of . Per guidelines p, Bank statements must be dated within days of initial loan application.

Verified reserves - Months of additional liquid reserves. ; Verified credit history - Fico . points above the minimum required for this loan characteristics

- Received months noted missing business bank statements.

*Eception cleared.

Sold

2023010871

XXX

907952

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Per guidelines, p Section , Ineligible Property Types -Rural. Correspondent Lender Prior to Pur XXX Review p, Eception request for Rural Property citing the following compensating factors: DTI Less than , k in assets greater than minimum required, same line of work years, at outgoing residence years. SUBJECT TO INVESTOR APPROVAL.

Verified reserves - Months of additional liquid reserves. ; Verified credit history - Fico . points above the minimum required for this loan characteristics

- Lender provided an internal printout addressing the internal lender eception request dated for the noted Rural property.

**Eception remains. Subject to INVESTOR REVIEW AND APPROVAL.

Client: EV Investor approved eception.

Sold

2023010870

XXX

904827

XXX

Credit

Potential credit depth risk - Minimum Number of Tradelines is less than 3

CRED 0098

Acknowledged

Neither borrower meets the minimum tradeline requirement. Per XXX guidelines the borrower with the representative credit score must meet the tradeline requirement - in this case that is borrower who has auth user account, inactive account with months reviewed, and a VOR. B has active account open months, one active open months, two inactive accounts and a VOR. Alternative credit is offered for borrower but not borrower , and alternative credit is not an acceptable alternative per guidelines. No eception request to use alternative credit in file.

Verified reserves - Per Guidelines Champion Classic . p months required plus additional for LTV above = months required , Borrower has months reserves verified post closing which eceeds the months required per guides.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per Champion guidelines. p

Client: EV Investor approved eception.

Sold

2023010870

XXX

907961

XXX

Credit

Missing Underwriter Loan Approval

APRV 0001

Closed

Loan approval not in file. p , UW comments p . Cleared per Investor.

pg.

Sold

2023010864

XXX

904024

XXX

Compliance

Missing Home Loan Toolkit

TRID 0133

Closed

Missing Home Loan Toolkit

Verified reserves - , verified liquid reserves ; Established credit history - mid credit scores; year credit depth, ecellent payment history includes AA mortgages

Lender provided disclosure tracking confirming receipt

Sold

2023010864

XXX

912129

XXX

Credit

Missing Underwriter Loan Approval

APRV 0001

Closed

Missing lender loan approval or transmittal.

Verified reserves - , verified liquid reserves ; Established credit history - mid credit scores; year credit depth, ecellent payment history includes AA mortgages

pg .

Sold

2023010864

XXX

912134

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Acknowledged

Bank statement income does not qualify using the epense factor. Optional permitted documentation was not found in the file. Per guideline, one of the following two options is acceptable: A signed and dated CPA or ta preparer produced written statement specifying the actual epense ratio of the business (including cost of goods sold and all other business epenses) based on the past month business activity OR a signed and dated CPA or ta preparer produced Month Profit and Loss (P&L) statement:.

Verified reserves - , verified liquid reserves ; Established credit history - mid credit scores; year credit depth, ecellent payment history includes AA mortgages

- Received lender rebuttal stating: "Using personal bank statements even though borrowers are self-employed because the statements are personal and not business, of eligible business - related deposits can be utilized as reflected in the eample below.

**Eception Remains** Personal bank statements are co-mingled funds. Per guidelines Section (pg. ) state personal accounts with evidence of business epenses are considered business accounts and subject to the Business Bank Statement calculation. Bank statements reflect business transactions, thus epenses applied as optional documentation was not provided. See additional new DTI eception

Client: - Received email correspondence from Investor confirming acceptance of Seller eplanation.

*Overridden to EV level. CRED eception addressed as well based on omission of epenses in total income calculation. Final DTI .

Sold

2023010864

XXX

926483

XXX

Credit

Back-end Ratio eception (DTI)

CRED 0004

Acknowledged

*NEW* DTI eceeds ma allowed of for Champion Classic A+. DTI eception a result of omission of epense calculation on -month business bank statement program (see CRED ).

Verified reserves - , verified liquid reserves ; Established credit history - mid credit scores; year credit depth, ecellent payment history includes AA mortgages

Sold

2023010866

XXX

907694

XXX

Compliance

Loan Disbursement Date is on or before the required Right of Rescission Epiration Date

ROR 0009

Closed

Loan funded the same date the rescission epired.

Conservative use of credit - Borrower's credit report in file (pg. ) reflects revolving credit unitization of .; Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for owner occupied SFR Rate-Term Refinance.

  - Received two copies of a Post-Closing issued CD date issued  reflecting Disbursement date of . CD

*Eception Remains. Lender to provide Post-Closing issued CD and Updated Settlement Statement and re-opened Rescission with an Letter of eplanation to the borrowers to confirm disclosure was made to the borrower with the corrected figures and funding date of  . Loan review is not eligible to clear until after the re-opened rescission has lapsed and PCCD entered for Compliance. No evidence that PCCD has not been presented to Borrower along with LO and re-opened Rescission.

  - Lender provided a Funding Worksheet dated   that reflects funds released and sent date of  .

**Eception Remains** - Lender to provide Post-Closing issued CD and Updated Settlement Statement and re-opened Rescission with an Letter of eplanation to the borrowers to confirm disclosure was made to the borrower with the corrected figures and funding date of  . Loan review is not eligible to clear until after the re-opened rescission has lapsed.

: PCCD with correct funding date clears the eception.

Sold

2023010863

XXX

907698

XXX

Credit

Missing proof of PITI payment on non-subject property

CRED 0096

Closed

Missing evidence of PITIA on departure residence that is being retained, XXX

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Verified reserves - Borrower has mths verified reserves wa minimum requirement of (Champion A+ months reserves plus months for LTV > ).

Lender provided verification of freeclear, tainsHOA on REO property.

Sold

2023010863

XXX

907718

XXX

Credit

Missing Employment doc (VOE)

CRED 0007

Acknowledged

Verification of Employment from current contract employer:

Covering the most recent two years plus YTD earnings

Likelihood of continued contractor status and

If contractor is required to pay for any non reimbursed business related epenses.

Client: Investor acknowledged eception based on the following: mths verified reserves, Yrs s supported by mths business bank statements.

Sold

2023010858

XXX

903965

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Closed

Missing paystubs or supporting income documents

DTI pending review of missing documents

Verified credit history - Fico . points above the minimum required for this loan parameters ; Verified reserves - Months of liquid reserves.

  Lender provided a copy of the ytd and prior paystub.

***Finding Remains.  Per  XXX Classic Guide  , Section  ., Hourly and Salary Pay: Primary employment earnings documentation requirements: Year-to-date (YTD) paystub(s) covering a  day period; and W- for the most recent calendar year(s); or Written VOE documenting the prior calendar year(s) earnings and the YTD earnings for the most recent calendar year.  Lender to provide prior year ( ) W-.

  Lender provided a copy of the ytd and prior paystub.

***Finding Remains.  Per  XXX Classic Guide  , Section  ., Hourly and Salary Pay: Primary employment earnings documentation requirements: Year-to-date (YTD) paystub(s) covering a  day period; and W- for the most recent calendar year(s); or Written VOE documenting the prior calendar year(s) earnings and the YTD earnings for the most recent calendar year.  Lender to provide prior year ( ) W-.

- Received copy of borrower , and Ws and this along iwth prior provided paystubs confirmed final income calculation and final DTI calculation.

*Eception cleared.

Sold

2023010858

XXX

904011

XXX

Credit

Rental income is being used from an epired lease

CRED 0120

Closed

Lease epired, missing etension. Rental income supported with Management documents see page .

Verified credit history - Fico . points above the minimum required for this loan parameters ; Verified reserves - Months of liquid reserves.

- Lender provided two property management notices reflecting etension of lease agreements. *Eception cleared.

Sold

2023010858

XXX

904032

XXX

Credit

Missing Schedule of Real Estate Owned

APP 0005

Closed

XXX
Missing HOA supporting document.

Verified credit history - Fico . points above the minimum required for this loan parameters ; Verified reserves - Months of liquid reserves.

- Received a Homeowner transaction history from HOA confirming the HOA payment.

*Eception cleared.

Sold

2023010858

XXX

907071

XXX

Credit

Back-end Ratio eception (DTI)

CRED 0004

Closed

Unable to determine DTI. Income documentation not provided.

Verified credit history - Fico . points above the minimum required for this loan parameters ; Verified reserves - Months of liquid reserves.

- Lender provided prior Ws for prior three years. Income was calculated by review using prior year average which was more conservative then current base salary. This average is more in line with Lender calculated income. Lender previously provided copy of YTD and final paystub for which was also considered. Final income calculation confirmed final Review DTI which is within guidelines.

*Eception cleared.

Sold

2023010858

XXX

909384

XXX

Credit

Missing Ta Transcript(s)

CRED 0091

Closed

XXX Classic Guide , Section . IRS -C. states: Prior to final approval for all wage earners, and self-employed income sources: The -C must be fully completed and eecuted with the IRS, The ta transcripts must be provided by LenderBrokerClient and must be obtained through -C validation.

Verified credit history - Fico . points above the minimum required for this loan parameters ; Verified reserves - Months of liquid reserves.

- Received Ta Transcript for year .

*Eception cleared.

Sold

2023010861

XXX

904064

XXX

Compliance

Missing E-Sign Disclosure

TRID 0134

Closed

Missing E-Sign Disclosure

Verified employment history - The Work NumberVVOE p. reported Borrower have been in the same line of work years.; Verified credit history - Credit report p. in file reflects Borrower has qualifying FICO which eceeds minimum required per guidelines.

Lender provided accepted e-Sign disclosure.

Sold

2023010861

XXX

904065

XXX

Compliance

No proof borrower(s) can receive documents via the electronic method as intended

TRID 0135

Closed

Missing E-Sign Disclosure

Lender provided accepted e-Sign disclosure.

Sold

2023010861

XXX

904070

XXX

Compliance

Missing valid Change of Circumstance(s)

TRID 0171

Closed

Missing Change of Circumstance form for Loan Estimate pg

: Received copy of COC. Eception cleared.

Sold

2023010861

XXX

904086

XXX

Compliance

Last Loan Estimate Sent Method Not In Person and No Received Date

TRID 0023

Closed

A revised Loan Estimate was provided on ( --) via (U.S. Mail). Under Regulation Z, a consumer must receive a revised Loan Estimate not later than four business days prior to consummation date of ( --). Since the revised Loan Estimate was not provided in person, a consumer is considered to have received it on ( --), which is three business days after it was delivered or placed in the mail. As a result, the revised Loan Estimate is not deemed to have been received at least four business days before consummation, which is ( --). ( CFR (e)(ii))

: Received copy of e-tracking. Eception cleared.

Sold

2023010861

XXX

904087

XXX

Compliance

Initial Closing Disclosure Sent Method Not In Person and No Received Date

TRID 0009

Closed

The Initial Closing Disclosure was provided on ( --) via (U.S. Mail). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction not later than three business days prior to the consummation date of ( --). Since the Initial Closing Disclosure was not provided in person, a consumer is considered to have received it on ( --), which is three business days after it was delivered or placed in the mail. Since the Initial Closing Disclosure was not provided to the consumer in person, it should have been provided to the consumer no later than ( ), for consummation to occur on ( --). ( CFR (f)(ii)(A)); (f)(iii))

: Received copy of e-tracking. Eception cleared.

Sold

2023010861

XXX

905378

XXX

Property

FNMAFHLMC loan with no secondary valuation to support appraised value

PROP 0019

Acknowledged

FNMAFHLMC loan with no secondary valuation to support appraised value UCDPSSR risk over and CDA not in file.

CDA ordered

Client: : Received CDA supporting value with no variance. EV for post-close cure.

Sold

2023010861

XXX

905389

XXX

Credit

Pur XXX Contract is Deficient

CRED 0085

Closed

Provide signed Amendment for Closing date on Loan Closed on per CD p. and Note p. Initial Pur XXX contract p. -. Closing December , and Amendment p. changed to February , .

- Lender provided a copy of an eecuted Contract Amendment reflecting a changed closing date to . * Eception cleared.

Sold

2023010861

XXX

905428

XXX

Credit

Unacceptable Mortgage History

CRED 0001

Acknowledged

Provide proof paid off XXX Mtg # reporting credit p. and p. CD p. not reflecting its paid and listed on p.

- Received response from lender: CD for property at    XXX Dr has been provided showing that property was sold. This condition has been discussed with Investor and since property was sold and DTI is low, they advised it would be acceptable.

*INVESTOR TO REVIEW.  The CD provided does not reflect the mortgage was paid off and no alternative evidence has been provided.

  - Lender provided a copy of same CD from original loan file.  No proof that XXX Mtg #  was paid off was provided.

**Eception Remains** Missing proof XXX Mtg #  as reported on credit report (pg.   ) in file has been paid off. Debt is listed on   in file (pg.  ) under the property that sold and reflected on the CD but this debt is not included as a debt paid off on the CD.

Mitigated Risk:   - Received the below:
)  Real Quest property detail for   XXX reflecting owners as  XXX  and XXX since  .
)  Appraisal District for XXX for same XXX. property reflecting value assessed and taed on land only (no improvements).
)  Copy of uneecuted   reflecting ownership of same property under REO section d with lien on property to XXX Mtg.
*Eception Overridden to EV status.  Revised   reflects that XXX Mtg was not paid off but is associated with   XXX, a property retained by the borrower.
Updated qualifying to include payment and monthly ta assessment. Final DTI calculates to  , thus < ma allowed. Override to EV as revised, corrected   is not eecuted.

Sold

2023010861

XXX

905491

XXX

Credit

Missing Ta Transcript(s)

CRED 0091

Closed

-C in file. Ta Transcripts provided post close. Lender eception in file approving p .

Ta transcripts in file. - Client: EV Lender acknowledged eception. Transcript in file p received . Loan closed on .

Sold

2023010861

XXX

907449

XXX

Credit

Missing Underwriter Loan Approval

APRV 0001

Closed

Missing loan approval and transmittal.

Loan program determined from data tape.

Sold

2023010861

XXX

934437

XXX

Property

Collateral Underwriter was submitted with differing comparable properties than the original appraisal.

APPR 0064

Closed

Data correction (new fields) while entering CDA.

Sold

2023010856

XXX

905934

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Missing Initial Application. Review used initial credit report date of .

Verified reserves - Borrowers have months of verified reserves remaining after closing when guidelines required months per the bank statements (pg. ); Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for investment SFR rate and term transaction.

Client: Investor acknowledge eception- Investment transaction, non-material.

Sold

2023010856

XXX

907430

XXX

Credit

Income Calculation Discrepancy

CRED 0084

Closed

Borrower prepared P&L reflects a decrease in income for . Reviewer utilized the decreased income which resulted in DTI of vs lender approved .

Review DTI variance eceeds but is still within the ma allowed DTI of .

Sold

2023010856

XXX

944849

XXX

Credit

Credit Documentation is Insufficient

CRED 0093

Closed

Missing complete copies of the business returns for XXXC and XXX. File only contained the first page of each business ta return.

- Received XXXC (-pg doc) and XXX (-pg doc).
*Eception Cleared.

Sold

2023010855

XXX

905788

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Closed

Income Documentation is Insufficient - Missing Bank of Acct. Number ending in , for the months of December , September , August , July , June , May , April , March , February and January

Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for a Grade A+ Cash-Out Refinance owner occupied - Unit.; Verified reserves - Borrower has months of verified reserves remaining after closing when guidelines required months per the bank statements (pg. , ) and final CD (pg. ).

Lender provided all missing months statements for #

Sold

2023010857

XXX

903944

XXX

Compliance

Disclosed Finance Charge Must Be >= Actual Finance Charge

TRID 0089

Closed

Under-disclosure caused by Title Services Fee of added to Final CD issued (pg. ). --

The disclosed finance charge ( , ) is ( ) below the actual finance charge ( , ). For rescission after initiation of foreclosure, the Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than below the actual finance charge. ( USC Sec. (i); OSC (c)(ii)-).

Verified credit history - Borrower's credit report in file p. reflects an established credit history since . History reports no late payments made based on the months reviewed for every account in the borrower's history; Low DTI - DTI is lower than maimum.

: Received copy of PCCD with increased lender credit, LOE and copy of check to borrower for , along with Fed E tracking. Confirmed package was delivered on . Eception cleared.

Sold

2023010857

XXX

903952

XXX

Compliance

LE or CD is Deficient

TRID 0148

Acknowledged

Appraised Value on Final CD issued stated as , . Appraised Value (Page ) stated as , .

Client: EV, immaterial.

Sold

2023010857

XXX

904869

XXX

Credit

Missing Evidence of Verified Property Ta and or Homeowners Insurance Information

CRED 0103

Acknowledged

Per XXX guidelines , p. section , Borrower(s) who own a house free and clear meet the housing history requirements provided there is documentation that the taes and insurance have been paid on time for the last months, based on Credit Grade A+.

Verification of months taes and insurance were not attached.

Client: EV Investor approved eception.

Sold

2023010857

XXX

904872

XXX

Credit

Missing Schedule of Real Estate Owned

APP 0005

Acknowledged

Per LOE p. , the borrower own properties located at and free and clear. The property insurance documents were not attached.

Client: EV Investor approved eception.

Sold

2023010857

XXX

919787

XXX

Compliance

ROR cannot epire in less than 3 business days from the eecution or transaction date

ROR 0012

Closed

NEW based on post-close cure of under-disclosed finance charge. Rescindable loan requires re-opening of ROR with this type of finance charge cure.

- Received evidence of re-opened Rescission with borrower eecuting on and the noted epiration of re-opened rescission period being . *Eception cleared.

Sold

2023010867

XXX

908600

XXX

Property

XXX Appraisal Requirements are Not Met

APPR 0044

Closed

Appraisal does not contain affirming that it was prepared in accordance with Title I of XXX and any implementing regulations as required for XXXs.

Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for a owner occupied SFR pur XXX transaction.; Established credit history - Borrower has an established credit history since .

- Received revised appraisal reflecting that report was prepared in accordance with the Title I of XXX and any implementing regulations as required for XXXs. on pg. .

*Eception cleared.

Sold

2023010867

XXX

908601

XXX

Compliance

XXX Loan

COMP 0016

Closed

Non-compliant  XXX due to Appraisal not meeting requirements. --
The loan's ( ) APR equals or eceeds the  XXX threshold of ( ). The threshold is determined by adding   points to the comparable average prime offer rate inde on the "last date the interest rate is set before consummation." The comparable APOR for this loan is ( ).( CFR   (a)(i)).

Compliant state XXX. --
This is a  Higher-Priced Mortgage Loan (XXX). The loan's APR of ( ) equals or eceeds the  XXX threshold of ( ). The threshold is determined by adding   points to the comparable average prime offer rate inde on the last date the interest rate is set before consummation. The comparable APOR for this loan is ( ).(Cal. Fin. Code  (a);  CFR   (a)(i)).

Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for a owner occupied SFR pur XXX transaction.; Established credit history - Borrower has an established credit history since .

- Received revised appraisal reflecting that report was prepared in accordance with the Title I of XXX and any implementing regulations as required for XXXs. on pg. .

*Eception cleared.

Sold

2023010867

XXX

929561

XXX

Credit

Missing work visa for non-permanent resident alien.

CRED 0123

Acknowledged

File contains evidence of ITIN IRS renewal in file (pg. ).

Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for a owner occupied SFR pur XXX transaction.; Established credit history - Borrower has an established credit history since .

Mitigated Risk: Reported for Informational purposes ITIN.

Sold

2023010854

XXX

906967

XXX

Credit

Missing Underwriter Loan Approval

APRV 0001

Closed

Loan approval not in file. pg. .

Verified credit history - Credit report ( ) and in file reflects months of satisfactory mortgage history paid . ; Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for a owner occupied SFR cash out transaction.

Cleared per investor.

Sold

2023010848

XXX

905060

XXX

Credit

Missing Final 1003 Application

APP 0001

Closed

The final is incomplete. Section , REO schedule does not reflect all lendersbalancespayments that are reported in the credit report, p . The final is not eecuted by the lender or borrower.

Minimal outstanding debt - Refer to the credit report, pg. . borrower demonstrates a strong credit history with minimal oustanding debt.; Verified reserves - Reserves verified with cash out proceeds are months, the guideline requires months.

Lender provided final

Sold

2023010848

XXX

910492

XXX

Credit

Missing proof of PITI payment on non-subject property

CRED 0096

Acknowledged

**New** Lender provided final ; however REO schedule Section is not complete. Mortgages reporting on credit report (p of original file) are not address on or assigned to an REO.

Mitigated Risk: - Received revised uneecuted -page with Equity Lines reflected.

*Eception Overridden to EV status based on uneecuted final .

Sold

2023010852

XXX

906480

XXX

Compliance

Missing valid Change of Circumstance(s)

TRID 0171

Closed

Missing COC for LE issued . Rate was locked. COC's in file are all dated , after this LE.

Verified reserves - XXX Achiever Epanded . p months reserve required, plus for over LTV . Borrower has reserves verified post close which eceeds the guideline requirement.; Verified credit history - XXX Achiever Epanded p has minimum fico , borrower fico which eceeds minimum requirement

: Received copy of COC dated for rate lock. Rate was locked on LE issued . Missing LE for COC dated .

: Received copy of COC dated for rate lock. Rate was locked on LE issued . Missing LE for COC dated .

- Received a COC dated reflecting a rate lock. Eception Cleared.

Sold

2023010852

XXX

906490

XXX

Compliance

XXX Loan

COMP 0016

Closed

Non-compliant  XXX due to Appraisal not meeting requirements. --

The loan's ( ) APR equals or eceeds the  XXX threshold of ( ). The threshold is determined by adding   points to the comparable average prime offer rate inde on the "last date the interest rate is set before consummation." The comparable APOR for this loan is ( ).( CFR   (a)(i)).

Compliant state XXX. --

This is a  Higher-Priced Mortgage Loan (XXX). The loan's APR of ( ) equals or eceeds the  XXX threshold of ( ). The threshold is determined by adding   points to the comparable average prime offer rate inde on the last date the interest rate is set before consummation. The comparable APOR for this loan is ( ).(Cal. Fin. Code  (a);  CFR   (a)(i))

: Appraisal contains XXX . Eception cleared.

Sold

2023010852

XXX

909187

XXX

Property

XXX Appraisal Requirements are Not Met

APPR 0044

Closed

Appraisal does not contain affirming that it was prepared in accordance with Title I of XXX and any implementing regulations as required for XXXs.

: Appraisal contains XXX . Eception cleared.

Sold

2023010851

XXX

906779

XXX

Credit

Missing Ta Transcript(s)

CRED 0091

Closed

Ta transcripts not provided in the file. Per XXX guidelines ., transcripts are required for all full documentation loans.

Verified reserves - Verified reserves are months, guideline calls for an accumulative total of months.; Minimal outstanding debt - The borrower demonstrates the ability to manage debt and has very little outstanding debt refer to credit pg. .

- Lender provided and ta transcripts.

* Eception cleared.

Sold

2023010851

XXX

906938

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Closed

A joint access letter from non-borrowing spouse is needed to verify the borrower has access to brokerage funds in XXX and XXX as required per XXX Classic Guide ...

- Lender provided a snip from a guideline regarding Spousal accounts. It was not the correct guideline used for the subject loan transaction; however the subject loan guideline reflects evidence of Spousal Accounts (section ., pg. ). Two accounts are joint, thus guideline states: Spousal accounts are considered as borrower own funds. * Eception cleared.

Sold

2023010850

XXX

906702

XXX

Compliance

XXX Loan

COMP 0016

Closed

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Established credit history - Borrower's credit report in file (pg. ) reflects an established credit history since . History reports no late payments made based on the months reviewed for every account in the borrower's history

- Received a copy of amended appraisal with added dated stating the appraisal was performed in accordance with the requirement of Title I of XXX (pg. of provided documentation).

**Eception cleared.

Sold

2023010850

XXX

907259

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

DOT not recorded. Unable to locate lender instructions in file directing title agent to record the security instrument.

Client: EV Investor Acknowledged Eception for missing Closing Instructions

Sold

2023010850

XXX

907324

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Closed

If assets from business account are to be utilized as assets to close then letter from partner of Pro Source Granite, is required. Verification that borrower has at least two months of own funds for reserve calculation.

Lender provided a copy of the LOE for full access to business funds.

Sold

2023010850

XXX

911465

XXX

Property

XXX Appraisal Requirements are Not Met

APPR 0044

Closed

Appraisal does not contain affirming that it was prepared in accordance with Title I of XXX and any implementing regulations as required for XXXs.

- Received a copy of amended appraisal with added dated stating the appraisal was performed in accordance with the requirement of Title I of XXX (pg. of provided documentation).

**Eception cleared.

Sold

2023010849

XXX

907120

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Affiliated Business Disclosure no provided. FACTS disclosure p, does not list affiliate names.

Verified affiliate is not paid or used on transaction. ABD not required.

Sold

2023010849

XXX

907179

XXX

Compliance

Estimated Total MinimumMaimum Payment Amount does not match the Disclosed Closing Disclosure Projected Payments Table (12 CFR 1026.37(b)(3))

TRID 0092

Acknowledged

Final CD (pg.  ) discloses monthly escrow of ,   and estimated total escrow of ,   based on partial escrow of property taes and full escrow of Insurance. Initial Escrow Disclosure (pg.  ) shows escrowed for county ta of ,   per quarter and annual insurance premium of , . This equates to ,   per month, which does not match CD amount of ,  . Ta amount on Initial Escrow Disclosure is wrong per ta information sheet on pg.   showing county ta at ,  per quarter. Along with Insurance, the correct monthly escrow should be ,  .  The total estimated escrow on the CD of ,   is also wrong. Should be ,   based on county ta of ,  per quarter, city ta of  per quarter and annual insurance premium of , . --

The Estimated Total Maimum Payment Amount in column  of the Disclosed Closing Disclosure Projected Payments Table does not match the value in the System Calculated Projected Payments Table. The Disclosed Projected Payments Table contains a value of (  ), while the Calculated Projected Payments Table has a value of (  ).

The Estimated Total Maimum Payment Amount in column  of the Disclosed Closing Disclosure Projected Payments Table does not match the value in the System Calculated Projected Payments Table. The Disclosed Projected Payments Table contains a value of (  ), while the Calculated Projected Payments Table has a value of (  ).

  - Received a copy of URAR appraisal on subject property. Not related to the subject eception TRID  .  No eception cleared.

**Eception Remains** See additional lender comments dated   and

: Received copy of CD issued   with different escrow amount than CD on page   of file, also issued on   Need clarification on sequence of  different CDs issued on same date. This will not resolve the eception as the final CD issued on  (page  ) has the escrow variance causing this eception.

Also received copy of Initial Escrow Account Disclosure dated   that differs from Initial Escrow Account Disclosure in file (page  ) also dated   Need eplanation for discrepancy between these  disclosures, both purportedly signed by borrower at closing.

: Received copy of CD issued   with different escrow amount than CD on page   of file, also issued on   Need clarification on sequence of  different CDs issued on same date. This will not resolve the eception as the final CD issued on  (page  ) has the escrow variance causing this eception.

Also received copy of Initial Escrow Account Disclosure dated   that differs from Initial Escrow Account Disclosure in file (page  ) also dated   Need eplanation for discrepancy between these  disclosures, both purportedly signed by borrower at closing.

: Received copy of LOE and PCCD with monthly escrow increased slightly to include taes on nd parcel. Amount disclosed on CD is over-disclosed as compared to IEAD, which is acceptable. Eception cleared. - Client: : Received copy of LOE and PCCD with monthly escrow increased slightly to include taes on nd parcel. Amount disclosed on CD is over-disclosed as compared to IEAD, which is acceptable. EV for post-close cure.

Sold

2023010849

XXX

907527

XXX

Property

Subject Borrower does not match Appraisal Borrower Name

APPR 0009

Closed

Borrower is XXX, appraisal lists XXX and XXX pg. .

- Received amended Appraisal # reflecting only the borrower name as the Borrower on page one. *Eception cleared.

Sold

2023010849

XXX

907670

XXX

Credit

Missing Evidence of Verified Property Ta and or Homeowners Insurance Information

CRED 0103

Closed

Other REO XXX. , need to confirm the hazard insurance epense.

Lender provided copy of subject property HOI policy

**Finding remains** Missing verification of HOI liability on non-subject property XXX.

Eception made in error. Taes and Insurance are escrowed.

Sold

2023010849

XXX

917005

XXX

Compliance

No Real Estate Commission(s) disclosed on final Closing Disclosure for Pur XXX transaction (12 CFR 1026.38(g)(4))

TRID 0196

Acknowledged

Real Estate Commission(s) not disclosed on final Closing Disclosure

EV No assignee liability. - Client: EV No assignee liability.

Sold

2023010853

XXX

906697

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Acknowledged

Affiliated Business Disclosure not provided in file. FACTS disclosure p does not state if lender has affiliates.

Verified credit history - XXX CC . p has minimum fico requirement at , borrower has FICO which eceeds the guideline requirement.; Low DTI - XXX CC p shows ma DTI is , borrower verified DTI is which is below the guideline ma.

Client: EV - Blanket notice provided stating one affiliate for XXX . Verified affiliate is not paid or used on transaction.

Sold

2023010899

XXX

908289

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Affiliated Business Disclosure not provided in file. FACTS disclosure p does not indicate if lender has affiliates.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Transaction closed at LTV which is more than below allowable LTV per programXXX.

- Received eSigned letter dated from originator stating they have no affiliated business arrangement with any of the parties to the transaction.

Sold

2023010899

XXX

910112

XXX

Property

Missing Copy of Original Appraisal report

APPR 0001

Closed

Original Appraisal not provided in loan file.

Received appraisal.

Sold

2023010899

XXX

910115

XXX

Compliance

No evidence lender provided copies of written appraisals

ECOA 0003

Closed

Evidence lender provided copies of written appraisals is not provided in file.

- Received copy of attorney in fact eecuted letter confirming receipt of appraisal. * Eception Cleared..

Sold

2023010899

XXX

910271

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Closed

Per CD (p ) gift funds paid directly to title and not to borrower. Wire confirmation not provided in file to match source of funds to gift letter. Also, per guidelines section For use of business funds, a letter from CPA or borrower must be obtained stating use of funds will not have a negative t on the business. Business funds are needed in transaction to support sufficient required reserves.

- Received copy of wire confirmation of K to escrow and eSigned CPA letter dated (post closing) to confirm that borrower has use of funds in XXX business account ending in # . Lender included a Docusign confirmation for the CPA. * Eception Cleared.

Sold

2023010968

XXX

920730

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Affiliated Business Disclosure not provided. FACTS Disclosure pg does not list affiliate names. Unable to determine if affiliates are present or paid on transaction.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

: Lender confirmed they have no affiliates. Eception cleared.

Sold

2023010968

XXX

921407

XXX

Compliance

Missing Hazard Insurance Proof of Premium

HAZ 0001

Closed

Missing evidence that the current insurance premium has been paid in full. The bill p reflects a balance due on the current policy of , payment due date on , with paid. The final CD reflects only , paid. The Initial Escrow Account Disclosure Statement (p ) reflects a payment will be sent on for the renewal policy, missing evidence the remaining , for the current policy has been paid.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

- Lender provided page document confirming payment date of in amount of with being due Final CD in file reflects this same amount of was paid.

*Eception cleared*

Sold

2023010968

XXX

921466

XXX

Credit

Title Policy - Schedule B Eception

TITL 0014

Closed

Missing details of Variance Agreement (Eception # to schedule B, see p ) or supplementconfirmation it has been released.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

- Lender provided a copy of Variance Agreement.

*Eception Cleared.

Sold

2023010961

XXX

918903

XXX

Compliance

Loan Disbursement Date and Interest From on HUD do not match

HUD 0028

Closed

Loan Disbursement Date and Interest From on HUD do not match.

Verified reserves - Per NQM Investor Program - assetsReserves- months required plus month for additional financed prop (PR) Lending Guide - . p- reserves required borrower has months reserves verified post close which eceeds what the guidelines require.; Verified credit history - Per NQM Investor Program - is the minimum fico allowed per loan details, borrower has as fico

- Received lender response of: "Interest from date and Disbursement Date will not always match. This can be attributed to a number of factorsscenarios such as being a wet state, delay in wiring or delay in recording. Attached is the final ALTA from the Settlement Agent supporting the dates on the CD as correct.

*Eception cleared. Only one day difference in Interest start date vs. FundingDisbursement.

Sold

2023010963

XXX

921012

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

Closing instructions directing title company to record the security instrument are not provided in file.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required at per guidelines.; Verified reserves - Borrower has months reserves post-closing which eceeds mnths required perXXX.

Client: EV - lender acknowledged eception

Sold

2023010963

XXX

921477

XXX

Compliance

Last Loan Estimate Sent Method Not In Person and No Received Date

TRID 0023

Closed

Missing evidence of deliveryreceipt of last LE issued on Used US mail method.

A revised Loan Estimate was provided on ( --) via (U.S. Mail). Under Regulation Z, a consumer must receive a revised Loan Estimate not later than four business days prior to consummation date of ( --). Since the revised Loan Estimate was not provided in person, a consumer is considered to have received it on ( --), which is three business days after it was delivered or placed in the mail. As a result, the revised Loan Estimate is not deemed to have been received at least four business days before consummation, which is ( --). ( CFR (e)(ii))

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required at per guidelines.; Verified reserves - Borrower has months reserves post-closing which eceeds mnths required perXXX.

: Received copy of LE issued with e-signature on Eception cleared.

Sold

2023010966

XXX

922027

XXX

Credit

Missing Letter of Eplanation

CRED 0104

Closed

Per NQM Lending Guide, , Section . Forbearance (p), Borrower Attestation is required to address circumstances of forbearance. Per Deferral Agreement (p), XXX Account # , seven payments deferred ending which is less than year seasoning.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

- Received response from lender of: "Please clear, the file contains a Covid- Attestation signed by the borrower, the credit report shows on time payments, Deferment docs in file.

*Eception Cleared. Attestation provided in page document (pg. deferral agrement pg. )

Sold

2023010966

XXX

922111

XXX

Credit

Back-end Ratio eception (DTI)

CRED 0004

Acknowledged

*UPDATED* - DTI updated to   which eceeds ma allowed. Deposits in  account determined for borrower business income for  XXX . Amount calculated at  after necessary deductions of deposits. Additional SSI for total  .  No additional income determined for  XXX. from the co-mingled bank statements.

Per  NQM Retail Bank Statement Program, Program Qualifications  , maimum DTI is  for a Cash-out Refinance. Calculated DTI is   . DTI calculated with total income of , which is  of SSI income and mo for Mass Mutual (   average monthly deposits   epenses as borrower does not maintain separate business account).

DTI eception resulting from income calculation for Borrower Bank Statement Program. Per NQM Retail Bank Statement guides, page , a reasonable determination must be made that deposits into personal account come from business source. Review uses only direct deposit from primary self-employment with Mass Mutual. Bank Statements (p - ) are from joint personal account and third party is not a borrower on loan. Unable to determine deposits other than direct deposits are for business use for Applicant, or Co-Applicant sources. Secondary self-employment with  XXX  does not show any deposits that can be traced to that as an income source.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

  - Received a  page document and response from lender of: please clear the pending defect as the deposit descriptions shown on the banks statements label as XXX and XXX are one and the same. Both support business income related deposits from Mas Mutual as outlined in the comp package found on page  of the bundle. As such, they should be considered as eligible deposits for alternative income qualifications. Mass Mutual comp plan on pages - of the bundle, bank statements found on pages  -  of the bundle. Additionally consider that the underwriter did evaluate the income according to guidelines for comingled accounts thus clearing concerns listed in the conditions.
*Eception Remains. DTI updated to   which eceeds ma allowed. Deposits in  account determined for borrower business income for  XXX . Amount calculated at  after necessary deductions of deposits. Additional SSI for total  .  No additional income determined for  XXX. from the co-mingled bank statements.


  - Received response from lender of: "Please clear, the file contains a Covid- Attestation signed by the borrower, the credit report shows  on time payments, Deferment docs in file.
*Eception Remains. Lender did provide Attestation in  page document (pg. ) and deferral agreement ; however, DTI eception resulting from income calculation for Borrower Bank Statement Program. Per NQM Retail Bank Statement guides, page , a reasonable determination must be made that deposits into personal account come from business source. Review uses only direct deposit from primary self-employment with Mass Mutual. Bank Statements (p - ) are from joint personal account and third party is not a borrower on loan. Unable to determine deposits other than direct deposits are for business use for Applicant, or Co-Applicant sources. Secondary self-employment with  XXX  does not show any deposits that can be traced to that as an income source.
**Finding remains** Unable to grant permissible use of deposits into bank statement due to non-borrowing party on account. Only direct deposits from Mass Mutual can be traced to business income source. Additional deposits used in lender qualification need verification they are business related to borrower, and not third party as these deposits are not verifiable.

Mitigated Risk:   - Received a -page document and response from lender of:

) please clear listed defect as income via bank deposits was re-evaluated. Income now evaluates SSI and deposits.

) a CPA letter was also obtained to support the borrower's epense ratios. The letter confirms the ratio is  .

) Income is now noted as   base and SSI as  (       +  = month

) bank statement calculation sheet and CPA letter attached.

The CPA letter provided (pg. ) is dated post closing on . Lender provided updated uneecuted  .

*Eception Overridden to EV level due to post-closing presented CPA and updated uneecuted

Sold

2023010966

XXX

922668

XXX

Compliance

Missing valid Change of Circumstance(s)

TRID 0171

Closed

Missing valid COC for both LEs issued on . COC on page   does not describe any changed circumstance. No fee tolerance violation with these LEs.

Missing valid COC for LE issued   COC on page   does not describe any changed circumstance. No fee tolerance violation with this LE.

Missing valid COC for LE issued   COC on page   does not describe any changed circumstance. Loan Discount fee increased and remains out of tolerance.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

; seller comment: Please clear these defects, CFPB guidelines state that the COC is not required, and LE notes a change of circumstances are due to the loan being re-priced.

***Finding remains. Eception TRID cites the specific regulation under which certain fees may not increase without a valid change of circumstances.

Further review verifies that the general credit was increased on says LE as the Loan Discount Fee increased, and for same amount. The amount of increase remained as the General Credit on final CD. Other part of General Credit was changed to specific credits. Eception cleared.

Sold

2023010966

XXX

922710

XXX

Compliance

Missing Evidence of Re-disclosure and a valid COC for an increase in the "Cannot Increase Category" fee(s) from the prior disclosed Loan EstimateClosing Disclosure

TRID 0195

Closed

Missing valid COC for increase in Loan Discount, increased from to on LE issued

The amounts disclosed on the last Closing Disclosure for the following fee(s) have increased above the amount disclosed on the Loan Estimate sent on --: Loan Discount. Each fee within the Cannot Increase category cannot increase unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. ( CFR (e); CFR (e); CFR (f)(v)).

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

; seller comment: The LE dated notes a change in the circumstances are due to the loan being re-priced on and issued to the borrower the same day.

***Finding remains. Eception comment cites the specific regulation under which certain fees may not increase without a valid change of circumstances.

Sold

2023010966

XXX

922776

XXX

Credit

Missing Employment doc (VVOE)

CRED 0006

Closed

Verification of self-employment with XXX is not provided in file ecept verbal verification noted p . No business license or CPA letter provided in file.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

- Received response from lender of: CPA letter provided to support a completed VOE.

*Eception cleared. Lender provided a page document and included is a CPA letter dated and lender Verbal VOE dated to reverify business eistence with CPA.

Sold

2023010966

XXX

922822

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Acknowledged

Borrower does not maintain separate business account statement. Bank Statements used for qualification (p - ) are from joint account with a non-borrowing party. Per NQM Retail Bank Statement guides, page , a reasonable determination must be made that deposits into personal account come from business source. Unable to determine deposits other than direct deposits are for business use for Applicant, or from Co-Applicant sources. Lender uses of deposits, though eligibility is not documented for all other deposits outside of Mass Mutual direct deposits and are therefore, not eligible for income qualification.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

Mitigated Risk:   - Received a -page document and response from lender of:
)  please clear the pending defect as the bank statements were evaluated based on the comingled bank accounts guideline.  CPA letter provided to support the current business epenses.
) additionally, deposits listed on the bank statements as XXX Mutual and MMLISI Caesar are business income deposits for  XXX Wehr. This is confirmed via the compensation package found in the bundle on pg. . Bank statements also support SSA income for  XXX Wehr. All other deposits have been ecluded from the calculation per guidelines.
The CPA letter provided (pg. ) is dated post closing on . Lender provided updated uneecuted  .
*Eception Overridden to EV level due to post-closing presented CPA and updated uneecuted

Sold

2023010962

XXX

922271

XXX

Compliance

Missing Legal Description on MortgageDOT

DEED 0021

Closed

Mortgage (p and ) references Legal Description on Ehibit A attached to the document that is not provided in file.

- Received Lender rebuttal stating: Please see attached DOT with legal description "Ehibit A" for review. This document was provided in the original bundle (pgs. - ). We ask that you clear condition. Attached is full DOT with Condo and Legal attached.

*Eception cleared.

Sold

2023010962

XXX

922330

XXX

Compliance

APN Number andor Legal Descriptions do not match security instrument

COLL 0002

Acknowledged

APN on Appraisal does not match Title or Mortgage . Property is new construction. Lender's Processor sent email to Title Company and Appraiser, but was unable to resolve the issue. Appraiser addresses the discrepancy in the Supplemental Addendum (p, ) and states the Client's information is incorrect.

- Received Lender rebuttal stating: Please waive condition. All APN are correct. Property is new construction, the DOT and Title commitment both reference the two APN #'s for the current year of as stated on the email confirmation from Title validating this information and previously provided on pg. . APN # - - will be valid for the ta year. Included is a clip of information from Appraisal and title but they do not agree.

**Eception Remains ** INVESTOR TO REVIEW.

Client: EV Investor acknowledged eception.

Sold

2023010962

XXX

922405

XXX

Compliance

Loan Disbursement Date and Interest From on HUD do not match

HUD 0028

Closed

Loan Disbursement Date on Final CD (p ) is . Prepaid Interest is collected from . --
Under the , a Lender may not begin to accrue interest on a loan secured by - unit dwelling on real property located in prior to one day before the loan proceeds are disbursed to the Borrower or to the Borrower's designee. (Cal. Civ. Code ).

- Received Lender rebuttal stating: Please clear defect the prepaid interest date is the date the loan funded, the disbursement date is the date the closing agent actually disburses.

: Eception cleared. Per-diem start date of is a Friday, which is business day prior to disbursement date of , the following Monday.

Sold

2023010962

XXX

922406

XXX

Compliance

Missing evidence of the Seller Closing Disclosure

TRID 0193

Acknowledged

Seller Closing Disclosure not provided in file.

Client: EV - Seller acknowledged eception. No assignee liability.

Sold

2023010893

XXX

922528

XXX

Compliance

Estimated Property Costs over Year 1 Are Not Accurate

TRID 0204

Closed

Monthly taes, Insurance, and HOA are mo or . Final CD p discloses Yr property costs as , or a difference of , .

Low LTVCLTVHCLTV - Subject LTV of is > lower than ma allowable for A+ grade on Asset Utilization. ; Verified credit history - Borrower has qualifying fico which eceeds minimum required for program and has mo satisfactory mortgage history reporting.

: CD disclosed months. Eception cleared.

Sold

2023010893

XXX

924253

XXX

Credit

Missing Evidence of Verified Property Ta and or Homeowners Insurance Information

CRED 0103

Closed

Property taes used by lender iao mo are not documented. Property is a new build and ta cert in file is for unimproved land value. Verification of new assessed value and taing millage rates needed to support property taes. Subject to reverification of DTI and Compliance resubmission.

- Received response from Lender that current ta bill provided with mil rate of and pur XXX price of , supports taes of .
*Eception Cleared. Ta certificate in file reflects ta year for Residential property issued on . XXX rate is .

Sold

2023010893

XXX

924910

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Missing Affiliated Business Disclosure. FACTS Disclosure is on pg .

Lender has one known affiliate; not used for services at closing. ABD not required.

Sold

2023010892

XXX

923236

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

DOT is not recorded. Closing instructions directing agent to record the security instrument are not provided in file.

Verified credit history - Borrower has qualifying FICO which eceeds required per guidelines.; Minimal outstanding debt - Per the borrower's credit report in file (pg. ), there is an established credit history since with evidence of multiple revolving and installment account history with all paid . Borrower's have minimal outstanding revolving debt and one openactive installment loan also supporting conservative credit use.

Client: EV Investor Acknowledged Eception

Sold

2023010892

XXX

923363

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Per XXX Classic Guide , Section Employment Requirements, two year history of self employment is required. Business license (p ) and CPA letter (p ) verified employment for months which does not meet yr history.

Client: EV Investor approved eception. Borrower previously owned another business in same industry.

Sold

2023010892

XXX

924906

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Missing Affiliated Business Disclosure. FACTS Disclosure is on pg .

Known affiliate not used for services. ABD not required.

Sold

2023010891

XXX

926077

XXX

Compliance

Missing evidence of the Seller HUD1

HUD 0027

Closed

Seller Closing Disclosure andor settlement statement is not provided in file.

Verified reserves - Borrowers have months of verified reserves when guideline section . (pg.) total required months PITIA of Subject property.

- Received copy of Seller CD dated reflecting Borrower last name and Seller last name as the same (non-arms length transaction, Father selling to son per documents in file). Cash to Seller is , . *Eception cleared.

Sold

2023010891

XXX

926079

XXX

Credit

Pur XXX Contract is Deficient

CRED 0085

Closed

Addendum for Closing Date not provided in file. Contract pg. shows Closing deadline by and actual settlement is .

Verified reserves - Borrowers have months of verified reserves when guideline section . (pg.) total required months PITIA of Subject property.

Received copy of seller CD

**FINDING REMAINS** Seller CD previously provided and does not address contract addendum needed for settlement etension.

- Received copy of eecuted addendum to contract etending closing date to *Eception Cleared. - Client: Investor Acknowledged Eception- Addendum etending settlement date is non-material.

Sold

2023010891

XXX

926082

XXX

Compliance

Missing Hazard Insurance Proof of Premium

HAZ 0001

Closed

Loan is not escrowed and verification of payment of homeowner's insurance premium is not provided in file.

Verified reserves - Borrowers have months of verified reserves when guideline section . (pg.) total required months PITIA of Subject property.

- Received copy of final borrower CD reflecting HOI insurance premium paid (pg. ) section F of CD. Also, policy invoice included under a separate document.

*Eception Cleared.

Sold

2023010891

XXX

926226

XXX

Credit

Non-Arms Length Transaction

CRED 0026

Closed

Guideline section pg., appraiser to be notified any Non-Arm's Length transaction. Appraisal in file pg. indicates sale is arms-length. Need appraisal addendum to correct this and address any potential t to market value.

Verified reserves - Borrowers have months of verified reserves when guideline section . (pg.) total required months PITIA of Subject property.

Lender provided appraisal update. Appraiser acknowledges transaction as Non-Arm-length with no change in value.

Sold

2023010891

XXX

926245

XXX

Credit

Guideline Eception(s)

GIDE 0001

Closed

Guideline section pg., "Family-to-Family sales require a month mortgage history for the seller's mortgage ..., payment history must support loan is current with no derogatory history in the past months." Lender requesting letter in file pg. , indicating title pg. .

Verified reserves - Borrowers have months of verified reserves when guideline section . (pg.) total required months PITIA of Subject property.

Recd from investor: proof deed transfer provided no mtg history present, please clear.

** Finding remains, please provide referenced documentation for review.

- Received Real Quest Transaction History Report dated reflecting Buyer name of XXXand Seller name of XXX for subject transaction recorded . Prior transfers were noted as same family Quit Claim Deed transfers on and confirming no mortgage history in prior months. *Eception Cleared.

Sold

2023010881

XXX

923232

XXX

Property

XXX Appraisal Requirements are Not Met

APPR 0044

Closed

No indication that appraisal conforms to Title I of XXX.

Verified reserves - Borrower has months reserves post-closing which eceeds months required perXXX.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

Lender provided appraisal addendum for USPAP

**FINDING REMAINS** Appraiser does not address adherence to Title I of XXX.

Lender provided appraisal addendum addressing USPAP; however, it notes the appraisal does not conform to USPAP and Title I of XXX is not addressed.

- Received lender response stating addendum contains of adherence to Title I of XXX. Reviewed attached amended Appraisal attached and confirmation that Appraisal report was prepared in accordance with the requirements of Title I of XXX and an implementation regulations is confirmed (pg. , bullet point # under Additional Certifications).

*Eception Cleared.

Sold

2023010881

XXX

923524

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

DOT is not recorded. Closing Instructions directing title company to record the security instrument are not provided in file.

Verified reserves - Borrower has months reserves post-closing which eceeds months required perXXX.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

Client: EV Investor Acknowledged Eception

Sold

2023010881

XXX

923645

XXX

Credit

Credit Documentation is Insufficient

CRED 0093

Closed

Per XXX Classic Guide , Section Housing and Mortgage Obligations (p) - Borrowers who own a house free and clear meet the housing history requirements provided there is documentation that the taes and insurance have been paid on time for the last months (Grade A+). Documentation in file, ta bill (p ) supports one year property taes paid. Need additional year verification of property taes and two year history of insurance premium paid.

Verified reserves - Borrower has months reserves post-closing which eceeds months required perXXX.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

- Lender provided a response of: "Per borrower LOE and online validation the property at XXX is a mobile home. Per borrower they do not carry HOI on this property. Lender stated that per their Credit Policy, they should be ok to proceed with the loan as loan as years ta bills are provided. File contained evidence and Lender has provided ta bill. Lender provided an email chain to discuss lack of HOI. Email reflects housing history requirements can be meet with documentation that property taes alone have been paid on time for the last months. A XXX online search reflects the subject as a mobile home.
*Eception Remains. ta bill provided reflects receipt date of with penalties and interest reflected in Penalties and Interest column. File ta receipt shows payment is due by of the net year, confirming that were late if receipt date is . Since no evidence of HOI and delinquent payment of taes, this does not meet the guideline requirement.

Lender uploaded verification property taes paid.

Sold

2023010881

XXX

924904

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Missing Affiliated Business Disclosure. Per FACTS Disclosure is on pg. , lender has no affiliates.

Verified reserves - Borrower has months reserves post-closing which eceeds months required perXXX.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

Lender has no affiliates. ABD not required.

Sold

2023010878

XXX

922691

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Closed

Missing October Bank Statement for The XXX.

Verified reserves - Borrowers have months of verified reserves remaining after closing when guidelines required months per the bank statements (pg. - , - ) and final CD (pg. ). XXX Achiever Epanded Guide (pg. , ); Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for full doc, Grade B Cash-Out Refinance, Investment Property. XXX Achiever Epanded Guide pg.

Lender provided Oct bank statement.

Sold

2023010878

XXX

922759

XXX

Credit

Missing Verification of Rental

CRED 0021

Acknowledged

states borrower rents current residence; however, no cancelled check or VOR are provided in file.

Client: EV Investor approved eception based on comp factors noted.

Sold

2023010878

XXX

924080

XXX

Credit

Questionable Occupancy

CRED 0117

Closed

Appraisal indicates one unit is owner occupied and the second unit is vacant. No tenant occupancy indicated on subject.

- Received revised Appraisal with cover letter from Appraiser indicating both Vacant and Owner Occupied boes have been checked on page one as of the time of original inspection date, the lower unit was in fact vacant and owners were living in the upper unit and owners are parting ways. Revised Appraisal follows and both boes are checked.

*Eception cleared. No value of rents considered in qualifying.

Sold

2023010877

XXX

923264

XXX

Compliance

Missing Home Loan Toolkit

TRID 0133

Closed

Missing Home Loan Toolkit

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

- Received an wet signed copy of evidence of delivery of Home Loan Toolkit. *Eception cleared.

Sold

2023010877

XXX

923278

XXX

Compliance

Missing valid Change of Circumstance(s)

TRID 0171

Acknowledged

Missing valid Change of Circumstance(s) for LE dated . Rate Change with no fee tolerance violation.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

Client: EV. No fee tolerance violation.

Sold

2023010877

XXX

923734

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

DOT is not recorded. Closing instructions directing title company to record the security instrument are not provided in file.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

Client: EV Investor Acknowledged Eception

Sold

2023010877

XXX

923867

XXX

Credit

Unacceptable Mortgage History

CRED 0001

Acknowledged

Per XXX Classic Guide , Section . Housing Payment History, Grade A + requires mo housing history. Credit report reflects mo mortgage history on primary residence. Previous VOR needed to complete mo history.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

: Seller provided eception request and LO confirming borrower lived rent-free from May to Oct .

Client: EV Investor approved eception.

Sold

2023010877

XXX

923875

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Closed

Per XXX Classic Guide , Section . Child Support and Alimony, Evidence of child support andor alimony income must be documented with proof of receipt of the previous or months. Income supported with months deposits into XXX # (p. , ). months evidence of child support provided, months required.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

- Lender provided a -pg. document that contains copies of XXX # bank statements pgs. - reflecting various deposits from the Defendant's name in the Divorce Decree with some deposits matching eactly to the specified amount required. When less than the eact amount, that months statement reflects more than one deposit from the Defendant. months statements provided reflecting deposits into borrower account from the Defendant. *Eception Cleared.

Sold

2023010877

XXX

923880

XXX

Credit

Undisclosed or Ecluded Debt

CRED 0086

Closed

Per XXX Classic Guide , Section Installment Debt (p), obligation can be ecluded if it will conclude within months. Lender approved DTI did not include installment payment to XXX # with >mo remaining. Documentation needed to support eclusion of this obligation. Subject to reverification of qualifying DTI.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

  - Lender provided a -pg. document with page  being a copy of single page of XXX consolidated statement with date ending through  which is post-closing.  Balance on vehicle loan ending #  as of  is  but this is post-closing.
*Eception Remains. The debt was not omitted in qualifying as the balance was not confirmed prior to closing to be less than  months resulting in Review DTI that is greater than .

- Received lender response of: Request the Investor re-look at the bank statement. In agreement of the date ranges from to being after the Note date; however, per the statement the ending balance as of the last statement reflects . The last statement would be before the date. Attached is a Credit Union statement to review.

*Eception Cleared. The statement provided reflects the same balance of as last statement and this statement. Balance did not change on statement; however balance on credit report dated was higher than balance on statement beginning . Note date is thus balance reflects months remaining.

Sold

2023010877

XXX

924702

XXX

Credit

Back-end Ratio eception (DTI)

CRED 0004

Closed

Lender approved DTI is ecluding installment liability. Review DTI is including this liability as documentation is not provided to support its eclusion. Per XXX Classic guides, full doc loan is permitted up to DTI with an additional mo reserves. Base reserve requirement is mo and this would increase requirement to mo reserves to meet guidelines. Borrower has mo reserves documented. Additional reserves to meet mo, documentation of release of installment debt, or DTI eception is needed to verify loan meets guidelines.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

- Received lender response of: Request the Investor re-look at the bank statement. In agreement of the date ranges from to being after the Note date; however, per the statement the ending balance as of the last statement reflects . The last statement would be before the date. Attached is a Credit Union statement to review.

*Eception Cleared. DTI updated with omission of Installment debt with < months remaining (see CRED cleared eception).

Sold

2023010877

XXX

924865

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Missing Affiliated Business Disclosure. FACTS Notice is on pg. , does not list affiliates and does state that lender has no affiliates.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

- Received lender memo that XXX has no affiliates therefore, no ABD was provided.

*Eception Cleared.

Sold

2023010894

XXX

924766

XXX

Compliance

No Net Tangible Benefit to the Borrower

COMP 0009

Closed

Borrower is increasing interest rate from to . Borrower's P&I payment is increasing from to . Borrower is removing FHA PMI; however, total PITIA payment is still increasing from to . No cash out or other documented benefit is provided.

Verified reserves - XXX Classic Guidelines . p requires month reserve requirement Borrower has months verified reserves post close which eceeds guideline requirements.; Low DTI - XXX Classic Guidelines p requires DTI ma, borrower has DTI

- Lender provided a rebuttal that the NTB for the loan is that a co-borrower was removed from the original Note and borrower is qualifying individually. Additionally, the file reflects the Fraud report and the Mortgage statement reflect that the property is in the name of the borrower and an additional individual. They are unmarried and he is being removed from title.

*Eception cleared.

Sold

2023010879

XXX

924890

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Missing Affiliated Business Disclosure. FACTS Disclosure also not in file.

Verified reserves - XXX Classic guidelines . p requires for grade A+, for FTHB, for LTV, total reserves . Borrower has months reserves verified post close which eceeds the guideline reserve requirement.; Verified credit history - XXX Classic guidelines p- requires minimum fico of , the borrowers fico score is .

: Received memo affirming lender has no affiliates. ABD not required.

Sold

2023010879

XXX

925191

XXX

Property

Missing Price of Last Sale

APPR 0027

Closed

Appraisal notes property sale p within last days. Sales price is not indicated and title report does not disclose chain of title to confirm. Information needed to confirm adherence to guidelines section on Property Flipping to determine if second appraisal is needed.

- Lender responded with copy of an email from the Settlement company to confirm that the original owner is deceased and the property transferred to his heirs, thus no sale price. *Eception cleared.

Sold

2023010879

XXX

927309

XXX

Compliance

No Real Estate Commission(s) disclosed on final Closing Disclosure for Pur XXX transaction (12 CFR 1026.38(g)(4))

TRID 0196

Acknowledged

Real Estate Commissions are not disclosed on borrower's final Closing Disclosure

Client: EV No assignee liability.

Sold

2023010887

XXX

922119

XXX

Compliance

Missing evidence of the Seller Closing Disclosure

TRID 0193

Acknowledged

Seller CD is not provided in file.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Borrower has months reserves post-closing which eceeds months required.

Client: EV No assignee liability.

Sold

2023010887

XXX

923122

XXX

Credit

Missing Employment doc (VOE)

CRED 0007

Acknowledged

Per XXX Classic Guide, Section . Verbal Verification of Self-Employment to support continued business operations is required to to be completed ten business days prior to the Note Date. CPA letter is in file p but no additional verification provided in file within days of Note.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.; Low LTVCLTVHCLTV - Borrower has months reserves post-closing which eceeds months required.

Mitigated Risk: - Received lender response of Self-Employment verification is required within days of Note date. Verification in file is just outside the days, therefore a Post-Closing reverification was provided dated to confirm the borrower's self-employment status remains active and was active as of closing date. Lender also included online searches of the CPA and borrower business.

*Overridden to EV status with VVOE completed post-closing.

Sold

2023010890

XXX

923839

XXX

Compliance

Missing 1-4 Family Rider

DEED 0008

Closed

The - Family Rider is not provided in file for investment property transaction.

Verified reserves - Borrowers have months of verified reserves remaining after closing when guidelines required months per the bank statements (pg. - , - ).; Verified credit history - Borrower's credit report in file (pg. ) reflects an established credit history since . History reports no late payments made based on the months reviewed for every account in the borrower's history

Lender provided recorded Deed with - Rider attached.

Sold

2023010890

XXX

924377

XXX

Credit

Missing Evidence of Verified Property Ta and or Homeowners Insurance Information

CRED 0103

Closed

Verification of subject property taes not provided in file. Property ta amount mo as collected on final CD p does not match title commitment taes of annual (p ). Documentation supporting lender property ta figures needed.

Lender provided Ta record information sheet

Sold

2023010885

XXX

925367

XXX

Credit

Title Policy - Schedule B Eception

TITL 0014

Closed

Title report Schedule B p reflects delinquent property taes on subject. pg. shows these to be paid off at or before closing. Final CD pg. does not reflect delinquent taes collected or paid.

Verified reserves - Borrowers have of verified reserves post-closing when guideline (pg.) required months PITIA of Subject plus mos each financed property owned in total Required Reserves.

Recd from lender: Please clear ta bill showing no past due provided.

**Finding remains, no copy of ta bill provided for review. Please provide copy of ta bill showing taes paid and current.

Subject Property Account Inquiry for the subject reflecting no amount due as of received. Last ta payment received . Finding cleared as taes are verified as current.

Sold

2023010882

XXX

926012

XXX

Property

XXX Appraisal Requirements are Not Met

APPR 0044

Closed

Appraisal does not contain affirming that it was prepared in accordance with Title I of XXX and any implementing regulations as required for XXXs.

Verified reserves - XXX Classic Guidelines . p requires month reserve requirement (grade A) Borrower has months verified reserves post close which eceeds guideline requirements.; Verified credit history - XXX Classic Guidelines p requires a minimum fico of , borrower fico over points higher at

- Received revised appraisal reflecting (pg. ) appraiser's affirmation that appraisal prepared in accordance with Title I of XXX and it implementing regulations.

*Eception Cleared.

Sold

2023010882

XXX

926014

XXX

Compliance

XXX Loan

COMP 0016

Closed

- Received revised appraisal reflecting (pg. ) appraiser's affirmation that appraisal prepared in accordance with Title I of XXX and it implementing regulations.

*Eception Cleared.

Sold

2023010895

XXX

926353

XXX

Credit

Missing Sufficient Evidence of Insurance

INS 0001

Closed

Subject rent loss coverage (pg. ) of is less than one month when Si month rent loss insurance is required per Guidelines pg..

Established credit history - Borrower's credit report in file (pg. ) reflects an established credit history since . History reports no late payments made based on the months reviewed for every account in the borrower's history. Indicator credit score is .; Verified reserves - Borrower has verified liquid assets when Required Reserves (mos PITIA Subject , plus mos each financed property ) per Guidelines pg.

- Received a copy of email from XXX Insurance agent to the Lender reflecting and stating: Our policies cover loss rents for months. So, whatever those rents would be based off the agreements would be the amount. We do not give a stated amount because its based off of whatever the negotiated rents are, as indicated on the rental agreements.

*Eception Cleared with Insurance Agent confirming policy covers months rent loss.

Sold

2023010880

XXX

923532

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Closed

Initial Application, eecuted by borrower, not provided in file.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified reserves - Borrower has months reserves post-closing which eceeds months required per guidelines. File contains evidence of additional liquid assets.; Verified credit history - Mid FICO score of eceeds the minimum required of by points.

- Received copy of eSigned initial application. *Eception cleared.

Sold

2023010880

XXX

923580

XXX

Property

XXX Appraisal Requirements are Not Met

APPR 0044

Closed

Appraiser did not include an eecuted certification stating the appraisal was prepared in accordance with Title I of XXX and any implementing regulations.--

The loan's ( ) APR equals or eceeds the XXX threshold of ( ). The threshold is determined by adding points to the comparable average prime offer rate inde on the "last date the interest rate is set before consummation." The comparable APOR for this loan is ( ).( CFR (a)(i)).

- Received copy of single page of revised addendum reflecting certification stating the appraisal was prepared in accordance with Title I of XXX and any implementing regulations. *Eception cleared.

Sold

2023010880

XXX

924529

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

Closing instructions directing title company to record the security instrument are not provided in file.

Client: EV Investor Acknowledged

Sold

2023010873

XXX

924660

XXX

Credit

Discrepancy between 1003 and documentation stated andor verified in file

APP 0006

Acknowledged

Per Final , Borrower's employment was stated as 'Does not apply' with no employment or income listed. Employment and income have been used for qualification. Revised needed.

Verified reserves - Borrower has mo reserves post-closing which eceeds mo required per guidelines.

Mitigated Risk: - Received revised uneecuted reflecting employment (self-employment, income and phone number). *Eception overridden to EV due to not eecuted.

Sold

2023010873

XXX

924664

XXX

Compliance

Missing Borrower Employer Phone Number

APP 0014

Acknowledged

Initial or final does not disclose employment phone number.

Verified reserves - Borrower has mo reserves post-closing which eceeds mo required per guidelines.

Mitigated Risk: - Received revised uneecuted reflecting employment (self-employment, income and phone number). *Eception overridden to EV due to not eecuted.

Sold

2023010884

XXX

923466

XXX

Compliance

Missing Hazard Insurance Proof of Premium

HAZ 0001

Closed

Missing evidence the Hazard Insurance Premium pg. has been paid in full. No premium paid on the final CD (p) and HOI reflects the total balance due.

Low DTI - Loan DTI is per lender calculation, lower than DTI permitted per Guidelines pg. ; Verified employment history - Borrower has yrs verified with current employer.

- Received copy of XXX Insurance billing and payment services invoice reflecting balance of paid on which was prior to Transaction date. *Eception cleared.

Sold

2023010884

XXX

924021

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Acknowledged

Total Assets short by , -Verified= and Required reserves= (mos(+mos additional for Investment) PITIA of Subject plus PITIA of mos each financed property owned , = per Guidelines- pg.& )

Low DTI - Loan DTI is per lender calculation, lower than DTI permitted per Guidelines pg. ; Verified employment history - Borrower has yrs verified with current employer.

  - Received single page printout dated   that reflects current balance of  .
*Eception Remains: INVESTOR TO REVIEW. Updated balance leaves borrower short total reserves required reserves by .

  - Received a four page document. Page one is a printout of XXXfor  days reflecting a balance on   of   which is prior to the bank statement in file ending on  thus no balance to update. Pages - is January   statement which is also before.
*Eception Remains* - Still missing evidence of sufficient assets for reserves.

Client: Investor Acknowledged eception based on the following comp factors: Loan DTI is wa ma allowed of and verified employment history.

Sold

2023010884

XXX

924158

XXX

Credit

Seasoning Issue LTV Calculated from Appraisal Value

CRED 0019

Closed

This is Delayed Financing- Calculated LTV is based FNMA Guidelines. Delayed Financing Guidelines pg. Not indicated. Subject pur XXX d per HUD pg. pur XXX price , . Appears Lender used appraisal Value pg. No improvements noted since borrower pur XXX d .

Low DTI - Loan DTI is per lender calculation, lower than DTI permitted per Guidelines pg. ; Verified employment history - Borrower has yrs verified with current employer.

- Received lender response of: "this should meet delayed financing guidelines and we should be able to use the fully appraised value. Per guidelines, it does not state that we have to use the lower of the two values. Additionally, per the Appraiser comments the property was pur XXX d below market value, as well as improvements have been made to the property.

*Eception Remains* Guidelines (section . Delayed Financing) reflect that the new loan amount cannot eceed the actual documented amount of the initial investment toward pur XXX plus financing closing costs, prepaids and discount points on the new loan. Original pur XXX price per the HUD in file is K. Subject loan does not reflect months seasoning from pur XXX of property to subject Note (only months) and thus does not meet Transaction seasoning to be considered for RateTerm financing. Subject transaction must qualify under Delayed Financing and LTV is based off original pur XXX price.

  - Received rebuttal request stating:

The borrower paid  K cash for the property and we are currently at a  ,  loan amount.  So, our new loan amount is not over the initial investment amount.

*Eception Cleared. Agreed, per guideline Delayed financing (pg. - ) states  bullets with one being that new loan amount cannot eceed the actual documented amount of the initial investment toward pur XXX  plus financing closing costs, prepaid and discount points on the new loan. Original HUD Alta statement in file reflects three deposits made by borrower and no loan financing. Ma LTV allowed is  per FICO score.

Sold

2023010884

XXX

924159

XXX

Credit

LTV Eceeds Ma Allowed

CRED 0010

Closed

*UPDATED* - Ma LTV allowed per guidelines (pg. ) is for cash out refinance of Investment with FICO of . Subject LTV is based on original Pur XXX Price of K

LTV Eceeds Ma LTV = Guidelines pg. .

Low DTI - Loan DTI is per lender calculation, lower than DTI permitted per Guidelines pg. ; Verified employment history - Borrower has yrs verified with current employer.

- Received response from Lender of: this should meet delayed financing guidelines. It does not state to use lower of values.

*Eception Cleared. Agreed, XXX classic does not reflect under Delayed Financing to use the lesser of original pur XXX price or current appraisal value. When current appraisal value is used the LTV calculates to which is the ma LTV allowed for Cash Our Investment under Delayed Financing.

Sold

2023010896

XXX

924155

XXX

Compliance

NMLS Loan Originator (Individual) Identifier is Missing

APP 0030

Closed

NMLS data not provided on final application pg

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per guidelines.; Verified credit history - Mid FICO score of eceeds the minimum required of by points.

- Received revised uneecuted reflecting missing NMLS number. *Eception cleared.

Sold

2023010896

XXX

924671

XXX

Credit

Borrowers from Data Tape do not match Borrowers on the Note

NOTE 0057

Closed

Non-borrowing third party, XXX signed Note. No credit report in file for XXX. Initial and Final are applications for individual credit for XXX only. Closing Protection Letter only lists XXX Aleman as the Borrower.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per guidelines.; Verified credit history - Mid FICO score of eceeds the minimum required of by points.

: Received copy of Note signed by B only. Eception cleared.

Sold

2023010896

XXX

924680

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

Closing instructions directing title company to record the security instrument are not provided in file.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per guidelines.; Verified credit history - Mid FICO score of eceeds the minimum required of by points.

Client: EV Investor Acknowledged Eception

Sold

2023010896

XXX

924943

XXX

Credit

Unacceptable Mortgage History

CRED 0001

Closed

Mortgage History provided on Supplemental Credit Report does not provide clear evidence of mortgage pay history. Per XXX Classic Guide , Section Quick Reference Guide, A Credit requires a mortgage history . Satisfactory proof of mortgage history required.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per guidelines.; Verified credit history - Mid FICO score of eceeds the minimum required of by points.

- Lender provided a credit supplement dated reflecting for last months. Mortgage in Bankruptcy with comment confirming payment history confirmed via conference call payments on time for prior months. *Eception Cleared.

Sold

2023010896

XXX

927397

XXX

Credit

Discrepancy between 1003 and documentation stated andor verified in file

APP 0006

Acknowledged

Section B of Final is incomplete and missing Employer Phone Number, Address, Job Title, Years at Current Job and Years in Field of Work.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per guidelines.; Verified credit history - Mid FICO score of eceeds the minimum required of by points.

Mitigated Risk: - Received revised uneecuted reflecting employment (self-employment, income and phone number). *Eception overridden to EV due to not eecuted.

Sold

2023010888

XXX

924094

XXX

Compliance

Loan Disbursement Date and Interest From on HUD do not match

HUD 0028

Acknowledged

Final CD has per-diem start date of , and a disbursement date of

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Verified reserves - Borrower has mo reserves available, post-closing.

Client: EV Post closing corrective action - Received Title Company Master Closing Statement reflecting disbursement date of . Pre-paid interest amount matches PCCD. EV.

Sold

2023010888

XXX

925251

XXX

Compliance

Missing Borrower Years in Field of Work

APP 0018

Acknowledged

Missing Borrower Years in Field of Work on Final .

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Verified reserves - Borrower has mo reserves available, post-closing.

- Received a revised uneecuted reflecting year in the line of work.

Mitigated Risk: Investor Acknowledged eception based on the following comp factors: mid FICO, mo reserves, low DIT of .

Sold

2023010888

XXX

925281

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Closed

Per guidelines, all non-borrowing owners of the business must provide a signed and dated letter acknowledging the transaction and confirming the borrower’s access to the account for income-related purposes. Borrower is owner of business used for qualification.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Verified reserves - Borrower has mo reserves available, post-closing.

- Received a letter of eplanation from non-borrowing owner to acknowledge borrower has full access to funds in XXX business account.

*Eception cleared.

Sold

2023010888

XXX

933966

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

*NEW* Based on revised uneecuted reflecting borrower has been in the line of work for year does not meet the minimum guideline requirement for Self-Employed business bank statements. Guideline (section ) reflects that the business must be active and in eistence for a minimum of years. Subject borrower business has only been in eistence for one year and borrower stated only in this line of work for one year.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Verified reserves - Borrower has mo reserves available, post-closing.

- Received response from lender: This finding is accurate. However, I am requesting that the investor review for a possible eception. The borrower has been self employed since , and the prior company is the same line of business as the current company. Compensating factors: Down Payment, DTI and minimal open debt, Credit score, Over k in reserves after down payment

*INVESTOR TO REVIEW

Client: Investor Acknowledged eception based on the following comp factors: mid FICO, mo reserves, low DIT of .

Sold

2023010883

XXX

924269

XXX

Compliance

List of Settlement Service Providers Sent Date > 3 Business Days from Application Date ( Rule)

TRID 0048

Closed

Application Date is , List of Settlement Service Providers (pg. ) is dated

The List of Settlement Service Providers Disclosure Date ( --) is more than business days from the Application Date ( --). Three business days from the Application Date is ( --). Under Regulation Z, e List of Settlement Service Providers must be delivered or placed in the mail not later than the third business day after receiving a consumer's application.( CFR (e)(vi); (e)(iii))

Verified employment history - Borrower has verified over yrs self-employment.

Lender provided original SSPL issued .

Sold

2023010883

XXX

924274

XXX

Property

XXX Appraisal Requirements are Not Met

APPR 0044

Closed

Missing XXX from appraiser.--

The loan's ( ) APR equals or eceeds the XXX threshold of ( ). The threshold is determined by adding points to the comparable average prime offer rate inde on the "last date the interest rate is set before consummation." The comparable APOR for this loan is ( ).( CFR (a)(i)).

Verified employment history - Borrower has verified over yrs self-employment.

- Received updated appraisal including the missing XXX (pg. ).

*Eception Cleared.

Sold

2023010883

XXX

932647

XXX

Compliance

Missing Evidence of Re-disclosure and a valid COC for an increase in the "Cannot Increase Category" fee(s) from the prior disclosed Loan EstimateClosing Disclosure.

TRID 0119

Closed

The following fee(s) increased from the amount(s) disclosed on the Closing Disclosure sent on --: Documentary XXX. The fees in the Cannot Increase category cannot increase unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure. ( CFR (e); CFR (e)).

Verified employment history - Borrower has verified over yrs self-employment.

Duplicate of

Sold

2023010875

XXX

926029

XXX

Compliance

Missing Evidence of Service Provider List

TRID 0151

Closed

Service Provider List not in file.

Low LTVCLTVHCLTV - Loan LTV is <.

- Lender provided copy of Service Provider List dated . *Eception cleared.

Sold

2023010979

XXX

924780

XXX

Compliance

All title holders did not eecute the MortgageDOT

DEED 0037

Closed

Subject is the borrower's primary residence in a community property state and the (p ) reflects the borrower is married, however the non-borrowing spouse did not sign the deed of trust (p). No evidence of interspousal grant deed etinguishing the community property rights and homestead rights of the non-borrowing spouse.

Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

- Received a title supplement dated reflecting that items number and will not be shown in our policy of title insurance when issued. Title vested as a married man as his sole and separate property; however, # and # also reflect in accordance with and , as it affects beneficiary interest acquired after , the Trustee will require the spouse to either join in the request or eecute an assignment to the beneficiary.

*Eception Remains. No evidence of spousal eecution of assignment to the beneficiary or if beneficiary is a widow(er), a certified copy of the death certificate will be required.

- Received copy of recorded Quit Claim Deed dated from XXX to borrower as his sole and separate property.
*Eception cleared.

Sold

2023010979

XXX

924784

XXX

Compliance

Right of Rescission is not eecuted by Title Holder(s)

ROR 0004

Closed

No Right of Rescission provided for the non-borrowing spouse, property is the primary residence in a community property state. See DEED

Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

- Received copy of recorded Quit Claim Deed dated from XXX to borrower as his sole and separate property.

*Eception cleared.

Sold

2023010979

XXX

924800

XXX

Property

Missing Third Party Appraisal Review

APPR 0046

Acknowledged

Missing appraisal review product as required by guidelines, Collateral Desk Top Analysis (CDA) from Clear Capital Appraisal Management or Appraisal Risk Review (ARR) from XXX.

Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

Client: EV Investor approved eception. CU score = .

Sold

2023010979

XXX

924869

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

The borrower's bank statements reflect NSF fees over the months reviewed, guidelines only allow up to one.

Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

  - Received same post-closing dated Lender Internal Eception Request form dated  reflecting an eception request for  NSFs. Lender reflects three comp factors of: Credit score >  points, LTVCLTV below required  or more, current employment >  mos. No evidence of Investor acknowledged eception provided.

*Eception Remains. INVESTOR TO REVIEW.

  Lender provided eception request for NSF's on bank statements

**FINDING REMAINS SUBJECT TO INVESTOR REVIEW AND APPROVAL** Borrower has  NSF's which eceed guideline ma of  NSF. Lender quoted comp factors: Current employment >mo; Credit score >points required; LTV lower than required.

Client: Ev Investor waived eception.

Sold

2023010979

XXX

924877

XXX

Compliance

Missing PayoffDemand Statement

DMND 0003

Acknowledged

Missing payoff from XXX. Settlement Statement shows payoff of original balance plus , interest due.

Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

Client: EV Investor waived eception. Per Investor, title policy shows lien released.

Sold

2023010979

XXX

924881

XXX

Credit

Unacceptable Mortgage History

CRED 0001

Acknowledged

Missing mortgage payment history for the loan from XXX that was paid at closing, or copy of the Note reflecting payments have not been due.

Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

Client: EV Investor waived eception.

Sold

2023010979

XXX

924895

XXX

Compliance

TRID 0124

Closed

The recording fees increased by more than from the amount on the initial Loan Estimate

The total amount of Closing Disclosure Category fees ( ) increased by more than from the total amount disclosed on the Loan Estimate sent on --, ( ). The total amount of fees in this category cannot eceed ( ) unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. ( CFR (e)(ii); CFR (e)(iv); CFR (f)(v)).

Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

: Final CD has tolerance cure noted with in payoff and payments section. Eception cleared.

Sold

2023010979

XXX

924897

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Closed

Missing Business Narrative as required by guidelines

Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

Lender provided alternative business narrative as letter of eplanation from borrower.

Sold

2023010975

XXX

925420

XXX

Property

Missing Third Party Appraisal Review

APPR 0046

Acknowledged

Per guidelines, desk review (CDA) required for investment properties. XXX Guidelines DSCR v p. CDA not provided in file.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

Client: EV Investor approved eception. CU score = .

Sold

2023010975

XXX

925527

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Initial Application, eecuted by borrower, not provided in file.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

Client: EV Investor Acknowledged Eception for missing initial on business purpose loan.

Sold

2023010975

XXX

927181

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Acknowledged

Per XXX DSCR v guides, assets to be verified with mo statements to show days seasoning. One month statement plus transaction summary present in file that does not complete day requirement.

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

- Received post-closing dated Lender Internal Eception Request form dated reflecting an eception request for month bank statement and months reserves. Lender reflects four comp factors of: Credit score > points, LTVCLTV below required or more, for month mortgage history, homeownership > months. No evidence of Investor acknowledged eception(s) provided.

*Eception Remains. INVESTOR TO REVIEW.

Client: Client Acknowledge Eception

Sold

2023010975

XXX

927182

XXX

Credit

Insufficient Verified Reserves (Number of Months)

CRED 0017

Acknowledged

Per XXX DSCR v guidelines - mo base reserves plus additional mo for DSCR < is required for a total of mo reserves, or , needed. Borrower has mo reserves with available after funds to close, including application of , gift funds. Borrower is short reserves , .

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

Client: Client Acknowledged Eception based on the following compensating factors. Credit score > points, LTVCLTV below required or more, for month mortgage history, homeownership > months.

Sold

2023010975

XXX

991288

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Lender approved DSCR does not meet the minimum requirement of ..

Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines. ; Low LTVCLTVHCLTV - Transaction closed at LTV which is > below allowable LTV per programXXX.

Client: EV Investor Acknowledged Eception

Sold

2023010974

XXX

926683

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Initial Application, eecuted by borrower, not provided in file.

Low LTVCLTVHCLTV - Subject property LTVCLTV is which is > lower than permitted perXXX. ; Established credit history - Borrower has qualifying FICO which eceeds minimum required per cash-outXXX.

Client: EV Investor Acknowledged Eception for missing initial on business purpose loan.

Sold

2023010974

XXX

926756

XXX

Credit

Guideline Eception(s)

GIDE 0001

Closed

Seller must supply evidence of the DSCR calculation amount, i.e., the amount to be listed on the or the XXX DSCR income calculation worksheet per guidelines pg.

Low LTVCLTVHCLTV - Subject property LTVCLTV is which is > lower than permitted perXXX. ; Established credit history - Borrower has qualifying FICO which eceeds minimum required per cash-outXXX.

- Lender provided a reflecting a DSCR ratio of .

*Eception cleared.

Sold

2023010974

XXX

928186

XXX

Credit

Hazard Insurance Coverage Amount is Insufficient

HAZ 0004

Closed

Dwelling coverage of , does not cover loan amount of , . No etended replacement coverage or Replacement Cost Estimator (RCE) provided in file.

Low LTVCLTVHCLTV - Subject property LTVCLTV is which is > lower than permitted perXXX. ; Established credit history - Borrower has qualifying FICO which eceeds minimum required per cash-outXXX.

- Received a Replacement Cost Estimate for , .

*Eception Cleared.

Sold

2023010974

XXX

928202

XXX

Credit

Discrepancy between 1003 and documentation stated andor verified in file

APP 0006

Closed

Coborrower current residence address information is not provided on .

Low LTVCLTVHCLTV - Subject property LTVCLTV is which is > lower than permitted perXXX. ; Established credit history - Borrower has qualifying FICO which eceeds minimum required per cash-outXXX.

- Lender provided a copy of eecuted document (pg. ) reflects co-borrower current address information.

*Eception cleared.

Sold

2023010964

XXX

927741

XXX

Compliance

Missing valid Change of Circumstance(s)

TRID 0171

Acknowledged

COC (p. , ) for LE issued (p. , ) states eplanation for change is No Change. No fee tolerance eception with this LE.

Verified reserves - NQM Bank Statement Program assetsreserves- requires months requirements- borrower has months reserves verified post close which eceeds the guideline requirement.; Verified credit history - NQM Bank Statement Program requires a minimum fico score of , borrowers fico score is which eceeds the fico minimum.

: Received copy of same LE, and COC date COC eplanation of change says, "No change."

***Finding remains as level . This is not a valid COC.

Client: EV: No fee tolerance eception with this LE.

Sold

2023010964

XXX

927774

XXX

Compliance

Missing Evidence of Re-disclosure and a valid COC for an increase in the "Cannot Increase Category" fee(s) from the prior disclosed Loan EstimateClosing Disclosure

TRID 0195

Closed

Missing valid COC for increase in Appraisal Fee and Appraisal Management Fee on CD issued . COC on page does not describe a change of circumstance; it only says "Issue Initial CD." Credit Report Fee variance of is a non-issue; rounding from LE to CD.

The amounts disclosed on the last Closing Disclosure for the following fee(s) have increased above the amount disclosed on the Loan Estimate sent on --: Appraisal Fee, Appraisal Fee, Credit Report Fee. Each fee within the Cannot Increase category cannot increase unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. ( CFR (e); CFR (e); CFR (f)(v)).

: Lender credit was added at same time as increase in fees, for same aggregate amount. Eception cleared.

Sold

2023010964

XXX

928112

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

Closing Instructions directing title to record MortgageDOT are not provided in file.

Client: EV Investor Acknowledged Eception

Sold

2023010949

XXX

931346

XXX

Credit

Missing Inter Vivos Revocable Trust Agreement

TRST 0001

Closed

Per NQM Lending Guide , Section . Eligible Trusts , an eligible inter vivos revocable trust, is required when the borrower is both the individual establishing the trust and the beneficiary of the trust. Unable to locate a copy of the trust agreement or trust certification in loan file to determine if the trust guidelines are met.

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

Trust certification received (CA).

Sold

2023010949

XXX

931611

XXX

Credit

Title Policy - Schedule B Eception

TITL 0014

Closed

Missing evidence of release or re-subordination of the , recorded , item # on the preliminary title report (p).

Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

Supplement dated pg confirms that Item # will not be shown.

Final Title Policy received reflecting no subordinate financing received.

Sold

2023010898

XXX

928583

XXX

Compliance

MortgageDeed of Trust is not Recorded

DEED 0005

Acknowledged

Closing Instructions directing title agency to record the security instrument are not provided in file.

Verified reserves - XXX Classic Guides - . require reserves for Grade A+, for loan amount, total reserves Borrower has reserves verified post close which eceeds the guideline requirement.; Low DTI - XXX Classic Guides p requires a ma of DTI, the borrowers DTI for this transaction is .

Client: EV Investor Acknowledged Eception

Sold

2023010898

XXX

928593

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Closed

Affiliated Business Disclosure not in file. FACTS Disclosure not in file. Unknown if lender has affiliates.

: Received memo affirming lender has no affiliates. ABD not required.

Sold

2023010898

XXX

928594

XXX

Compliance

Borrower(s) Did Not Receive "Right to Receive Credit Scores"

FACT 0002

Closed

Unable to locate Right to Receive Credit Scores Disclosure in file.

- Lender provided a copy of the State Credit Score Disclosure. *Eception cleared.

Sold

2023010999

XXX

930280

XXX

Credit

Initial 1003 Application is Incomplete

APP 0004

Acknowledged

Borrower's signature missing on Initial Application.

Verified reserves - Borrowers have months of verified reserves remaining after closing when guidelines require months.

; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.

Client: EV Investor Acknowledged Eception for missing incomplete initial on business purpose loan.

Sold

2023010967

XXX

930426

XXX

Credit

Missing Condo Project Approval

COND 0001

Closed

Condo-Warrantable MA LTV and Condo-Non-Warrantable MA LTV perXXX pg.. FNMA Eligible Warrantable or Non-warrantable Project Review not provided in file as required by Guidelines pg. to determine ma LTV for Subject.

Verified housing payment history - Credit report (pg. ) in file reflects months of satisfactory mortgage history paid .

; Verified reserves - Borrowers have months of verified reserves remaining after closing when guidelines required months per the bank statements (pg. ).

- Lender provide a -pg. condo questionnaire along with -page FNMA Announcement SEL- -.

*Eception Remains - Missing is evidence from the Lender of the Condo Project approval as required per guidelines to determine the ma LTV for the subject.

- Condo questionnaire (full review) recd, project meets warrantable requirements

Sold

2023010967

XXX

930498

XXX

Credit

Guideline Eception(s)

GIDE 0001

Closed

Subject does not meet Min. DSCR perXXX p. Calculated DSCR Ratio is using Market Rent , per p. Lender noted DACR on using a Gross rent of , ; however source of this figure is unknown.

- Received lease agreement in name of prior owner (Seller of subject) reflecting lease agreement dated to for per month with evidence of , and rents paid. XXX guidelines for DSCR require Rent used for DSCR calculation is the lesser of Current lease or the amount on the as market rent. If higher (current rent is used), must have months current proof of receipt to use the higher.

*Eception Cleared. Revised DSCR ratio is .

Sold

2023010965

XXX

935812

XXX

Compliance

Loan Disbursement Date and Interest From on HUD do not match

HUD 0028

Acknowledged

Per re- disclosed final corrective CD issued on loan was disbursed on , and an etra day of interest was collected from .

Verified reserves - Borrower has months in verified reserves, when only months reserves are required.

- Received response form lender: "Please clear as that the data will not always match. Please note that in some cases the Disbursement dates and Prepaid Interest start dates will not match due to closing agent pending receipt of recording confirmation which delayed funding. "

**Subject Loan is not in a dry funding state and charging additional interest to the borrower is not acceptable.

Remove out of scope - Client: EV. Business purpose loan, not subject to compliance testing.

Sold

2023010965

XXX

937566

XXX

Credit

Insufficient verified liquid reserves

CRED 0099

Closed

Per XXX Visionary Investment Guide (Section Cash-out Refinance Proceeds from a cash-out refinance transaction may be used toward the minimum reserve requirement provided two months’ reserves are verified from the borrower(s) own funds.

Verified reserves - Borrower has months in verified reserves, when only months reserves are required.

- Reviewed guideline requirements, eception canceled

Sold

2023010954

XXX

932864

XXX

Compliance

Missing Legal Description on MortgageDOT

DEED 0021

Closed

Missing "Ehibit A" to the Deed of Trust.

Low LTVCLTVHCLTV - Loan to value is , NQM Bank Statement Program has a ma ltv of , pg. .; Verified reserves - Verified reserves are months, per NQM Bank Statement Program pg. , months are required.

- Recd recorded copy of the mortgage which includes the legal description as Ehibit A

Sold

2023010954

XXX

934075

XXX

Credit

Credit Documentation is Insufficient

CRED 0093

Closed

Missing the letter of eplanation for the modification from the borrower as required, NQM Bank Statement Program-Underwriting Guidelines pg. .

Low LTVCLTVHCLTV - Loan to value is , NQM Bank Statement Program has a ma ltv of , pg. .; Verified reserves - Verified reserves are months, per NQM Bank Statement Program pg. , months are required.

- Received a lender response that bank statement guidelines do not require a LO for the Modification. Borrower Covid- attestation confirming borrower is not in forbearance was provided in imaged file (pg. ). Purpose of the Mod was to bring the borrower current on their eisting Mtg due to previously being in forbearance (pg. -). Credit supplements in file (pg. -) confirm borrower had made at least timely payments and were paid current as required per guidelines.

*Eception Cleared. Eecuted Covid= attestation is in file dated at closing. Trail payment LO in file (pg. ). Credit supplements confirm last payment date .

Sold

2023010969

XXX

934177

XXX

Compliance

APN Number is not listed on Security Instrument

COLL 0001

Closed

Attached Legal Description pg.

Verified housing payment history - Credit report (pg.) in file reflects months of satisfactory mortgage history paid . ; Verified credit history - Borrower's credit report in file (pg. ) reflects an established credit history since . History reports no late payments made based on the months reviewed for every account in the borrower's history

- Legal Description, Address and Ta ID match Title Policy.

Sold

2023010969

XXX

934220

XXX

Credit

Pur XXX Contract is Deficient

CRED 0085

Acknowledged

Missing Addendum for Closing date as . Pur XXX Contract pg. reflects "On or About " however HUD pg. closing date and no addendum in file.

Mitigated Risk: - Lender provided letter from Seller etending the closing date to Borrower did not eecute but closing occurred on Eception overridden to EV status for Immaterial issue.

Sold

2023010969

XXX

934221

XXX

Compliance

Missing evidence of the Seller HUD1

HUD 0027

Closed

The Seller HUD not in file however Seller signed HUD pg.

: HUD in file is combined buyer and seller HUD. Eception cleared.

Sold

2023010969

XXX

934323

XXX

Credit

Missing or Incomplete 4506-T4506-C

CRED 0095

Closed

-T -C not in file.

MWB - ProductXXX requires for Wage Earner Program only.

Sold

2023010847

XXX

935514

XXX

Property

Non Standard Agency Form Type payments are not applied on the scheduled due date

NOTE 0064

Closed

Payments Paragraph of Note (Paragraph Section B) specifies that payments will be applied to Interest before Principal, and does not specify that payments will be applied as of their scheduled date. This could result in a DSI calculation that causes delayed amortization and a balloon payment.

This note also includes a default interest rate of .

None - Transaction closed at LTV which is below allowable LTV per programXXX.; None - Borrower has qualifying FICO which eceeds minimum required per guidelines.; None - Borrower has months of verified reserves post-closing which eceeds mo required per guidelines. Calculated reserves is conservative as file contains additional evidence of reserve.

: Received copy of draft revised Note which has correct payment amount, no DSI and no default interest rate.

***Finding remains pending borrower signature.

Received copy of eecuted revised Note which has correct payment amount, no DSI and no default interest rate.

Sold

2023010847

XXX

935518

XXX

Compliance

APN Number is not listed on Security Instrument

COLL 0001

Closed

APN not listed on DOT or Ehibit A

Ehibit A to the mortgage received. APN is not in Eb A however the legal matches title which is sufficient.

Sold

2023010847

XXX

935519

XXX

Compliance

Missing Legal Description on MortgageDOT

DEED 0021

Closed

Ehibit A does not include legal description, it just reads to see attached legal description.

Ehibit A to the mortgage received.

Sold

2023010847

XXX

935577

XXX

Credit

Missing evidence of Hazard Insurance

HAZ 0005

Closed

Unable to locate Hazard Insurance Policy for Subject Property in file. Subject to re-verification upon receipt.

HOI policy received.

Sold

2023010847

XXX

935615

XXX

Credit

Final 1003 Application is Incomplete

APP 0002

Acknowledged

Monthly Ta and Insurance and Mortgage Loans on Property not completed for Section of Final .

Client: - Received email notification from Investor to waive eception due to DSCR loan and overall comp factors.

Sold

2023010847

XXX

935681

XXX

Credit

Unacceptable Mortgage History

CRED 0001

Closed

Per XXX Credit Guidelines DSCR v.f . . Housing History , Verification of Mortgage Verification of Rent (VOMVOR): Applications must be supported by the most recent -month mortgage or rent pay history. A VOM should be obtained for all outstanding mortgages the borrowers have or are shown by their credit report. Credit Report contains mortgage history through . Mortgage statement in file not sufficient to support payment was remitted.

Additionally, Final shows borrower owns additional properties. Unable to locate support in file that properties are unencumbered and do not require VOMs.

- Recd evidence of the March st payment

Sold

2023010847

XXX

935748

XXX

Compliance

File Documentation is Incomplete

COMP 0047

Closed

Unable to locate Business Purpose Affidavit in loan file. Per XXX Credit Guidelines DSCR V , Occupancy Eligibility , all investment property programs require the signed Business Purpose affidavit.

Lender provided a copy of eecute Business Purpose Affidavit

Sold

2023010980

XXX

933661

XXX

Credit

Missing copy of green card for non-permanent resident.

CRED 0122

Closed

Missing non-permanent resident documentation.

Conservative use of credit - Borrowers revolving credit utilization is .

- Recd EAD authorization card

Sold

2023010980

XXX

935315

XXX

Property

Missing Third Party Appraisal Review

APPR 0046

Closed

Missing CDAARR dated prior to the Transaction date of as required by the XXX credit guidelines.; Per guidelines- Appraisal reviews are required for all loan amounts. Any loan amount over , , will require full appraisals. The lesser of the two is to be used for valuation for the loan file. When full appraisals are provided an additional valuation, report is not required. However, when only appraisal is provided the follow secondary report is required.

Conservative use of credit - Borrowers revolving credit utilization is .

eception set in error, SSR score is

Sold

2023010980

XXX

935321

XXX

Credit

Credit Documentation is Insufficient

CRED 0093

Acknowledged

Missing a LOE regarding derogatory subject history in the copy of Modification from . (title pg and payment history )

Conservative use of credit - Borrowers revolving credit utilization is .

  - Recd LOE from the borrower for late payments in October  .  Eception remains as the   modification was not addressed, however Investor has waived this finding.

  - Received response from the lender:

The borrower took the modification in and was not late as the payment history shows, it was offered to all Pennymac customers as a courtesy with no application required, due to the shutdown in .  Payments were made timely before that and not late so they did not take it out of not being able to make the payments but to help absorb costs as borrower is se.  All payments were paid up and continued to be paid in a timely manner after that period ended in    and made all payments since then in a timely manner.

*Eception remains, see response to GIDE  .  No LOE from the borrower has been provided to eplain the modification to resolve this eception.

Client: EV Investor approved eception.

Sold

2023010980

XXX

935584

XXX

Credit

Guideline Eception(s)

GIDE 0001

Acknowledged

Mortgage history for subject (pg and title (pg ) indicate the subject loans was modified . Total mths of seasoning . Per the XXX guidelines" Forbearance, deferred payments, or mortgage loan modification are unacceptable credit events and disqualifies borrower(s) from financing. Eamples of mortgage loan modifications are:) Forgiveness of a portion of principal andor interest on either the first or second mortgage, ) Application of a principal curtailment by or on behalf of the investor to simulate principal forgiveness; ) Conversion of any portion of the original mortgage debt to a “soft” subordinate mortgage; ) Conversion of any portion of the original mortgage debt from secured to unsecured

Conservative use of credit - Borrowers revolving credit utilization is .

  - Recd LOE from the borrower for late payments in October  .  Eception remains as the   modification was not addressed, however Investor has waived this finding.

  - Received response from the lender:

The borrower took the modification in and was not late as the payment history shows, it was offered to all Pennymac customers as a courtesy with no application required, due to the shutdown in .  Payments were made timely before that and not late so they did not take it out of not being able to make the payments but to help absorb costs as borrower is se.  All payments were paid up and continued to be paid in a timely manner after that period ended in    and made all payments since then in a timely manner.

*Eception remains, payment history in the file does not include due dates but it appears the October   payment was not made until  , and there were no payments between   and    Mortgage history does not support the borrower has made timely payments, and guidelines do not provide an allowance for COVID related forbearancemodification.

Client: EV Investor approved eception.

Sold

2023010977

XXX

935502

XXX

Property

Appraisal is Incomplete

APPR 0002

Closed

Missing assignment of appraisal from XXX to the Lender or Broker. LenderClient per appraisal is XXX which does not match the Broker or lender of the subject transaction.

Verified reserves - epert Enhanced Alt Doc Program creditXXX, pg reserves required are months, borrower has verified months.; Established credit history - Borrower has an established credit history as reflected by his credit report on pg. .

- Received processor's cert stating: "Please be advised that XXX and Blue Point Mortgage are one and the same company. Please waive the condition.

*Eception Cleared. No assignment is required if same.

Sold

2023010977

XXX

935517

XXX

Credit

Underwriting Loan Approval is Deficient

APRV 0010

Closed

Lender to confirm if borrower was approved using  mths Personal Bank Statements or  mths business bank statements for  business's.  Per the final   Income was broken out for each business.  Bank Statement calculators in file for each business however  mths statements for each business were not provided.
)  XXXC   (Calculator pg  , Statements
) XXX   (Calculator   Statements
)  XXX   (Calculator   Statements

**Personal Bank Statement Calculator with  mths statements pg   supports monthly income of  ,  which is higher than the income reflects on the  business calculators **

- Received Lender response of: "Used months personal assets and months business assets from those specified. Then, used of the deposits from the business assets to the personal assets for each specific business over the month average for each. The months are not solely what is sued to complete an average of the income, even if there was only one business. All deposits over the month period into the personal assets would be averaged to complete the income calculation. This was a bit of an unusual case, but this was the best way to qualify the multiple business sources of income.

*Eception Cleared - Guidelines stated that Income documented separately, but co-mingled must be backed out of deposits. Review calculated income based on -months Personal Bank Statements at , Final and in file reflect total combined income of -businesses at , which was used to qualify by Review since Review calculated a higher amount from the bank statement review. Review adjusted income down to match to the income reflected on the final .

Sold

2023010976

XXX

935533

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Acknowledged

Missing Initial Application. Review used credit report date of for initial date.

Client: EV Non-Material.

Sold

2023010976

XXX

935548

XXX

Credit

Missing Flood Insurance Cert.

FLOOD 0007

Closed

Missing flood certification. (Per Appraisal Zone )

- Received missing Flood Cert for the subject property reflecting Zone "". *Eception Cleared.

Sold

2023010976

XXX

935693

XXX

Credit

Unacceptable Mortgage History

CRED 0001

Closed

Missing most recent  mths mortgage history for the following REO as the mortgages are not reported on the credit report:
) Subject  -  ending in  .
)   XXX A# ending in  .

Per the XXX guidelines:"  Verification of Mortgage  Verification of Rent (VOMVOR): Applications must be supported by the most recent -month mortgage or rent pay history. A VOM should be obtained for all outstanding mortgages the borrowers have or are evidenced by their credit report.  The VOMVOR is reviewed for delinquencies with the greatest weight focused on the last  months. Acceptable methods of a Verification are:
-Computer Pay History printout directly from Mortgage Lender.
- Months of Bank Statements showing timely payment of rent or mortgage.
-Credit Bureau Report reflecting a pay history over the last  months.
- Cancelled Checks front and back or  months bank statements showing payment withdrawals and a year-end mortgage statement.

- Received two mortgage ratings. Account ending # reflecting a payment history with . For the second payment history dated for acct ending in # , the servicer noted that the account was opened in and and were made and account transferred in . Borrower made payment but posting did not occur. Lender addressed that funds were reapplied and account current and due for . While it appears one payment was considered delinquent, it was not due to none-payment, it was a clerical error on the part of Servicing. Account is confirmed to no longer be delinquent and is due for .

*Eception Cleared.

Sold

2023010846

XXX

934519

XXX

Compliance

Calculated Amortized Term does not match Term of Note

CRED 0070

Closed

The disclosed Principal and Interest payment disclosed on the Note of does not match the calculated payment of for loan amount of , and rate of . CD discloses correct payment (pg )

Verified reserves - months reserves remain when months is required per guidelines.

: Received copy of proposed revised Note. This one has correct P&I, does not have DSI and does not have default interest.

****Finding remains pending borrower signature.

: Received copy of proposed revised Note.

***Finding remains: this is same version reviewed on . P&I is correct but still has DSI feature.

: Received copy of proposed revised Note. This will resolve the P&I amount, but is not acceptable as proposed Note has DSI feature. Finding remains.

- Received a copy of the eecuted revised Note.

*Eception Cleared.

Sold

2023010846

XXX

934564

XXX

Compliance

Estimated Total MinimumMaimum Payment Amount does not match the Disclosed Closing Disclosure Projected Payments Table (12 CFR 1026.37(b)(3))

TRID 0092

Closed

The disclosed Principal and Interest payment disclosed on the Note of  does not match the calculated payment of  for loan amount of  ,  and rate of  .  CD discloses correct payment (pg ) --  The Maimum Principal and Interest Payment Amount in column  of the Disclosed Closing Disclosure Projected Payments Table does not match the value in the System Calculated Projected Payments Table. The Disclosed Projected Payments Table contains a value of (  ), while the Calculated Projected Payments Table has a value of (  ).;

The Estimated Total Maimum Payment Amount in column  of the Disclosed Closing Disclosure Projected Payments Table does not match the value in the System Calculated Projected Payments Table. The Disclosed Projected Payments Table contains a value of (  ), while the Calculated Projected Payments Table has a value of (  ).

The Maimum Principal and Interest Payment Amount in column  of the Disclosed Closing Disclosure Projected Payments Table does not match the value in the System Calculated Projected Payments Table. The Disclosed Projected Payments Table contains a value of (  ), while the Calculated Projected Payments Table has a value of (  ).

Verified reserves - months reserves remain when months is required per guidelines.

: Received copy of proposed revised Note. This will resolve the P&I amount, but is not acceptable as proposed Note has DSI feature. Finding remains.

- Received a copy of the eecuted revised Note.

*Eception Cleared.

Sold

2023010846

XXX

934565

XXX

Compliance

Corrected Closing Disclosure No Later Than 3 Business Days Before Consummation (Inaccurate Loan Product)

TRID 0004

Closed

The Loan Product of (Fied Rate) on the Closing Disclosure is inaccurate. The actual Loan Product is (Negative Amortization, Fied Rate). Under Regulation Z, if the Loan Product is inaccurate, a consumer must receive corrected Closing Disclosures no later than business days before the consummation date of ( --). If a corrected Closing Disclosure is delivered to a consumer other than in person, a consumer is deemed to have received it business days after the corrected Closing Disclosure is mailed or delivered, unless there is evidence of earlier receipt by a consumer. ( CFR (f)(ii)(A)); (f)(iii); (f)(ii)(B))

The Loan Product of (Fied Rate) on the Closing Disclosure is inaccurate. The actual Loan Product is (Negative Amortization, Fied Rate). Under Regulation Z, if the Loan Product is inaccurate, a consumer must receive corrected Closing Disclosures no later than business days before the consummation date of ( --). If a corrected Closing Disclosure is delivered to a consumer other than in person, a consumer is deemed to have received it business days after the corrected Closing Disclosure is mailed or delivered, unless there is evidence of earlier receipt by a consumer. ( CFR (f)(ii)(A)); (f)(iii); (f)(ii)(B))

Verified reserves - months reserves remain when months is required per guidelines.

: Received copy of proposed revised Note. This will resolve the P&I amount and product type eception, but is not acceptable as proposed Note has DSI feature. Finding remains.

- Received a copy of the eecuted revised Note.

*Eception Cleared.

Sold

2023010846

XXX

934566

XXX

Compliance

Last Closing Disclosure Total Interest Percentage (TIP) > System Calculated

TRID 0078

Closed

The Last Closing Disclosure Total Interest Percentage (TIP) of ( ) is greater than the system calculated TIP of ( ). The difference is ( ). The TIP is the total amount of interest that the borrower will pay over the loan term as a percentage of the note amount. It is the loan's total interest payments plus prepaid interest divided by the note amount, calculated as follows: ( + ). ( CFR (o))

The Last Closing Disclosure Total Interest Percentage (TIP) of ( ) is greater than the system calculated TIP of ( ). The difference is ( ). The TIP is the total amount of interest that the borrower will pay over the loan term as a percentage of the note amount. It is the loan's total interest payments plus prepaid interest divided by the note amount, calculated as follows: ( + ). ( CFR (o))

Verified reserves - months reserves remain when months is required per guidelines.

: Received copy of proposed revised Note. This will resolve the P&I amount and TIP eception, but is not acceptable as proposed Note has DSI feature. Finding remains.

- Received a copy of the eecuted revised Note.

*Eception Cleared.

Sold

2023010846

XXX

934569

XXX

Property

XXX Appraisal Requirements are Not Met

APPR 0044

Closed

"Appraisal does not include a statement that the appraisal was prepared in accordance with the requirements of Title I of XXX as required for XXX Loans.

Appraisal requirement of XXX statement is missing resulting in an XXX.

Verified reserves - months reserves remain when months is required per guidelines.

- rec'd appraisal with XXX statement on page of appraisal.

Sold

2023010846

XXX

934929

XXX

Property

Non Standard Agency Form Type payments are not applied on the scheduled due date

NOTE 0064

Closed

Payments Paragraph of Note (Paragraph Section B) specifies that payments will be applied to Interest before Principal, and does not specify that payments will be applied as of their scheduled dated. This could result in a DSI calculation that causes delayed amortization and a balloon payment.

This note also includes a default interest rate of .

Verified reserves - months reserves remain when months is required per guidelines.

- Received a copy of the eecuted revised Note.

*Eception Cleared.

Sold

2023010846

XXX

935696

XXX

Credit

Income Documentation is Insufficient

CRED 0082

Acknowledged

Missing all personal and business bank statements required to validate income of , used to qualify. Bank Statement Calculator pg for XXX Business A# ending in reflects statements for - were utilized. Bank Statement Calculator pg reflects mths personal statements for XXX A# ending in were utilized. Final review pending receipt of complete credit file.

Verified reserves - months reserves remain when months is required per guidelines.

  - INVESTOR TO REVIEW:  Received internal Loan Eception Request (-pg document) for Eception to approve DTI at   listing compensating factors of   FICO (  points over minimum requirement for  LTV), residual income and + months reserves. Lender provided updated   and   to reflect income and DTI calculations based on bank statements provided   (see CRED  ).

*Eception Remains:  INVESTOR TO REVIEW for final approval. Investor overlay does not allow > DTI.

  - Received  -pg. document of -months business bank statements from   to   for account ending #  starting on page -  of document. Other pages related to CRED  .

*Eception Remains. Income calculation results in a lower income figure then reflected on   in file (pg.  ) and results in higher DTI eceeding  ( ).  See additional eception for ecessive DTI.

Client: - Received Investor email stating: "We accept this eception based on the comp factors: : Mid FICO FICO ( points over minimum requirement for LTV), residual income and + months reserves.

Sold

2023010846

XXX

935753

XXX

Credit

Asset Documentation is Insufficient

CRED 0083

Closed

Missing all personal and business bank statements to document sufficient funds to close and required reserves.

Verified reserves - months reserves remain when months is required per guidelines.

- Received -pg. document with pages being business quarterly statement for account ending # and pages - for months statements of personal accounts ending # , # and # . Other pages related to CRED . * Eception Cleared.

Sold

2023010846

XXX

935756

XXX

Credit

Credit Documentation is Insufficient

CRED 0093

Acknowledged

Missing required Business Narrative (XXX Credit Guidelines v pg. )

Verified reserves - months reserves remain when months is required per guidelines.

Mitigated Risk: - Received Business Narrative dated which is post-closing to transaction date and esigned by borrower.

*Eception Overridden to EV status due to being dated post-closing.

Sold

2023010846

XXX

945350

XXX

Credit

Back-end Ratio eception (DTI)

CRED 0004

Acknowledged

*NEW* DTI of eceeds ma allowed of . DTI calculates based on -month bank statements provided for monthly income calculation of per month.

Verified reserves - months reserves remain when months is required per guidelines.

Client: - Received Investor email stating: "We accept this eception based on the comp factors: Mid FICO FICO ( points over minimum requirement for LTV), residual income and + months reserves.

Sold

2023010953

XXX

934771

XXX

Compliance

Missing Affiliated Business Disclosure

COMP 0010

Acknowledged

Unable to locate Affiliated Business Disclosure in loan file. FACTS in file for . Per FACTS Affiliates areXXX, XXX., and Integrated Real Estate Services.

Client: EV Review verified no affiliates were utilized per CD.

Sold

2023010953

XXX

939029

XXX

Property

Property Type is prohibited

PROP 0002

Acknowledged

Lender Acknowledged Eception - Eception Request: Property is mied use, business of care-giver is being ran from the subject property. Compm noted by lender: Solid credit, yrs depth, yrs MTG history, all paid as agreed. Borrowers started their healthcare business on , the business provides custodial and skilled nursing services in dementia care. Cashing out for debt consolidations, will save appro. month, plus getting cash in hand. Solid DTI with residual income. months in reserves PITIA with cash out proceeds. Solid LTV, borrowers
acquired subject property on . Property is a mied-use, as the business of care-giver is being ran from the subject property. Appraiser noted that the business does not present any negative marketability issues or affect the value. There is no significant modifications to supplement the business operations, residential in nature. Per appraiser, the subject property mied use is legalpermissible under local
codezoning requirements. XXX appraisal risk review shows variance. *** PENDING INVESTOR ACKNOWLEDGEMTN TO ACCEPT ****

Client: Investor Acknowledged Eception for Mied-Use Property based on comp factors noted by lender.

Sold

2023010952

XXX

938699

XXX

Credit

Final 1003 Application is Incomplete

APP 0002

Acknowledged

Final is incomplete. Section Financial Information required to be completed for each property.

Verified reserves - Borrower has months reserves post-closing which eceeds mo required per guidelines.; Established Landlord history - Borrower has been a Landlord for over years.; Low LTVCLTVHCLTV - Transaction closed at LTV which is below allowable LTV per programXXX.; Verified credit history - Borrower has qualifying FICO which eceeds minimum required per guidelines.

- Received Lender response of: Loans qualified under NQM Investor are classified as business loans. A DSCR is calculated in order to determine if borrower qualifies. As DTI is not considered in qualifying, the financial information (PITI) for each property is not required to be documented or filled out on the .

*Eception Remains* - All sections of the should be completed. Financial information under section should be included so as to pair up REO with correct financial information to confirm all REO is properly listed.

Mitigated Risk: - Recd post closing updated with the financial information added to the REO schedule.

Sold

2023010952

XXX

938712

XXX

Compliance

Loan Disbursement Date and Interest From on HUD do not match

HUD 0028

Acknowledged

Per PCCD Loan Disbursement Date is and Prepaid Interest collected starting on .

Client: EV. Business purpose loan, not subject to compliance testing.

Sold

2023010978

XXX

936439

XXX

Compliance

Missing Initial 1003 Application

APP 0003

Closed

Unable to locate Initial Application in loan file.

Low LTVCLTVHCLTV - Subject property LTVCLTV is when ma allowable is for an Investment Cash Out transaction with FICO .; Verified housing payment history - Credit report (pg. ) in file reflects months of satisfactory mortgage history paid .

- Initial not required for DSCR

Sold

2023010978

XXX

936466

XXX

Property

Missing Third Party Appraisal Review

APPR 0046

Acknowledged

Unable to located Appraisal Review in loan file. Per XXX Credit Guidelines DSCR , Section Valuation Overview , appraisal reviews required for all loan amounts.

- Recd from lender: Collateral Underwriter Risk Score is  please waive"

*INVESTOR TO REVIEW  Per XXX guidelines a CDA is required and does not provide SSR scores as an alternative.

- Recd from lender: Collateral Underwriter Risk Score is  please waive"

*INVESTOR TO REVIEW  Per XXX guidelines a CDA is required and does not provide SSR scores as an alternative.

Client: Investor acknowledged eception based of FNMA SSR Score of .

Sold

2023010978

XXX

936486

XXX

Credit

Missing Sufficient Evidence of Insurance

INS 0001

Closed

Hazard Policy does not indicate amount of Rent Loss Coverage. Per XXX Credit Guidelines DSCR Investment Programs Guidelines, Section Debt Service Coverage Rent loss or loss of use coverage of months PITIA is required.

- Received a snip of "how does Loss of Rents work". Included is of Coverage D - Loss of Rents coverage on a non-owner occupied policies provides coverage for the following situations: . If a covered property loss makes the residence premises rented to others or held for rental by you unfit to live in, we cover the Loss of Rents. for shortest time needed to make the rental fit to live in but not to eceed consecutive months from the date of loss.

*Eception cleared, Hazard policy in file from XXX Insurance reflects Coverage D - Loss of Rents Covered. Ma amount is months, thus guideline met.

Sold

2023010978

XXX

937719

XXX

Compliance

Loan Disbursement Date and Interest From on HUD do not match

HUD 0028

Closed

Per Final Alta Settlement Statement loan disbursed on and prepaid interest began on

- Reviewed file, eception cleared. One additional day interest is allowed in , per diem disclosure available p

Sold

2023010978

XXX

939041

XXX

Credit

Guideline Eception(s)

GIDE 0001

Closed

File does not contain proof of year property management eperience. Per XXX Credit Guidelines DSCR v proof of management history for at least year is required.

- Received lender response of: "Borrower has owned this property since , the lease is just when the tenant started to rent. Please find property profile reuploaded. The last full sale information (sale date ).

*Eception Cleared. Ownership on property profile reflects since .

Sold