EX-99.1 4 ea025949101_ex99-1sch2.htm SCHEDULE 2 - EXCEPTION GRADES

Exhibit 99.1 Schedule 2

| Exception Grades |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Run Date - 9/22/2025 8:31:08 PM |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ASF Loan Number | SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Final Loan Grade | Compliance Initial Loan Grade | Compliance Final Loan Grade | Property Initial Loan Grade | Property Final Loan Grade | Originator QM ATR Status | TPR QM ATR Status | Is Curable
12025030797 | XX | XX | XX |  | 33785045 | 12025030797-3831 | 04/28/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The fraud report is missing for XX | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Documentation Type: 12mo Bank Statement Disposable Income: $39,905.71 Reserves: 18.18 Guideline Requirement: 9.00 Guidelines Representative FICO: 680 Representative FICO: 724 | SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-08-11): Post-consummation fraud report received. Reviewer Comment (2025-05-05): Waived with compensating factors at clients request. Buyer Comment (2025-05-01): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-05-01): Document provided is dated post-consummation. All credit/income documents are required to be dated on or before consummation date. If lender is accepting document, can request to waive condition. Buyer Comment (2025-04-29): trust added to Fraud |  |  | 05/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | TX | Primary | Refinance - Cash-out - Other |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025021845 | XX | XX | XX |  | 33785206 | 12025021845-2798 | 04/18/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  | Final 1003 for XX is not provided. | The representative FICO score exceeds the guideline minimum by at least 40 points. |  | SitusAMC | Reviewer Comment (2025-04-24): Waived with compensating factors per lender request. |  |  | 04/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | TX | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025021845 | XX | XX | XX |  | 33785207 | 12025021845-2800 | 04/18/2025 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided |  | Credit Report and Fraud Report for XX is not provided. | The representative FICO score exceeds the guideline minimum by at least 40 points. |  | SitusAMC | Reviewer Comment (2025-04-24): Waived with compensating factors per lender request. |  |  | 04/24/2025 | 2 | D | B | D | B | D | B | D | B | D | B | xx | TX | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025021845 | XX | XX | XX |  | 33785208 | 12025021845-578 | 04/18/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Birth Date was not provided | Borrower: XX | Birth Date is not provided. | The representative FICO score exceeds the guideline minimum by at least 40 points. |  | SitusAMC | Reviewer Comment (2025-04-24): Waived with compensating factors per lender request. |  |  | 04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | TX | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025021845 | XX | XX | XX |  | 33785209 | 12025021845-23698 | 04/18/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX | No evidence of fraud report in file. | The representative FICO score exceeds the guideline minimum by at least 40 points. |  | SitusAMC | Reviewer Comment (2025-04-24): Waived with compensating factors per lender request. |  |  | 04/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | TX | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025021845 | XX | XX | XX |  | 33785211 | 12025021845-4507 | 04/18/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing provided is not recent. |  |  |  | Reviewer Comment (2025-04-23): Clear Buyer Comment (2025-04-21): Please find cert of good standing. Please accept although past 10 days from the Note. Thank you. | 04/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025021845 | XX | XX | XX |  | 33785212 | 12025021845-4513 | 04/18/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  |  |  |  |  | Reviewer Comment (2025-04-23): Clear Buyer Comment (2025-04-21): Please find attached. Thank you | 04/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025022088 | XX | XX | XX |  | 33785215 | 12025022088-23698 | 04/18/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX | Full fraud report is required in the file |  |  |  | Reviewer Comment (2025-08-04): A post-consummation fraud report was provided. Reviewer Comment (2025-04-28): clear Buyer Comment (2025-04-24): Please find attached final fraud guard for the borrower. Thank you. | 04/28/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025022088 | XX | XX | XX |  | 33785217 | 12025022088-2924 | 04/18/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | Full Fraud Report is required in the file for all guarantors/borrowers. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660 Representative FICO: 743 | SitusAMC | Reviewer Comment (2025-08-04): A post-consummation fraud report was provided. Reviewer Comment (2025-04-28): Waived with compensating factors at clients request. Buyer Comment (2025-04-24): Please waive. Reviewer Comment (2025-04-23): Need for second guarantor . Buyer Comment (2025-04-21): Fraud Report attached |  |  | 04/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | AZ | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025022088 | XX | XX | XX |  | 33785218 | 12025022088-2798 | 04/18/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  | 1003/credit application is required for second Guarantor. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660 Representative FICO: 743 | SitusAMC | Reviewer Comment (2025-04-28): Waived with compensating factors at clients request. Buyer Comment (2025-04-24): Please waive all guarantor conditions to an exception grade of 2 due to the following compensating factors: Borrowers' fico score is 40+ points over the minimum required for program/product. Borrowers ltv of 65% is less than the max permitted for this program/product. Borrower is an experienced property owner/landlord. Thank you. |  |  | 04/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | AZ | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025022088 | XX | XX | XX |  | 33785219 | 12025022088-2800 | 04/18/2025 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided |  | Required for second Guarantor. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660 Representative FICO: 743 | SitusAMC | Reviewer Comment (2025-04-28): Waived with compensating factors at clients request. Buyer Comment (2025-04-24): Please waive all guarantor conditions to an exception grade of 2 due to the following compensating factors: Borrowers' fico score is 40+ points over the minimum required for program/product. Borrowers ltv of 65% is less than the max permitted for this program/product. Borrower is an experienced property owner/landlord. Thank you. Reviewer Comment (2025-04-23): Required for second guarantor. Buyer Comment (2025-04-21): Credit Report attached |  |  | 04/28/2025 | 2 | D | B | D | B | D | B | D | B | D | B | xx | AZ | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025022088 | XX | XX | XX |  | 33785220 | 12025022088-6460 | 04/18/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file |  | Required for second Guarantor. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660 Representative FICO: 743 | SitusAMC | Reviewer Comment (2025-08-04): Post-consummation fraud report provided Reviewer Comment (2025-04-28): Waived with compensating factors at clients request. Buyer Comment (2025-04-24): Please waive all guarantor conditions to an exception grade of 2 due to the following compensating factors: Borrowers' fico score is 40+ points over the minimum required for program/product. Borrowers ltv of 65% is less than the max permitted for this program/product. Borrower is an experienced property owner/landlord. Thank you. |  |  | 04/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | AZ | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025031129 | XX | XX | XX |  | 33785258 | 12025031129-2924 | 04/22/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  |  |  |  |  | Reviewer Comment (2025-04-24): Received Buyer Comment (2025-04-23): Fraud Report Attached | 04/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031129 | XX | XX | XX |  | 33785259 | 12025031129-5205 | 04/22/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | OFAC is missing for the business entity and the guarantor. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 74.15 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 770 | SitusAMC SitusAMC | Reviewer Comment (2025-08-11): Post-consummation clear OFAC provided for additional guarantor and borrowing entity. Reviewer Comment (2025-04-29): Waived with compensating factors at clients request. Buyer Comment (2025-04-25): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-04-24): Received fraud report; however, Calvin, who signed loan documents, is not reflected in the OFAC searches. Please provide OFAC for this individual, as guidelines require OFAC on all parties to the transaction. Buyer Comment (2025-04-23): see attached fraud report |  |  | 04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | CA | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031129 | XX | XX | XX |  | 33785261 | 12025031129-7901 | 04/22/2025 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-04-24): Received Buyer Comment (2025-04-23): see attached fraud report | 04/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031129 | XX | XX | XX |  | 33785262 | 12025031129-23698 | 04/22/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-04-24): Received Buyer Comment (2025-04-23): see attached fraud report | 04/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031129 | XX | XX | XX |  | 33785263 | 12025031129-3831 | 04/22/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Photo ID was not provided for XX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 74.15 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 770 | SitusAMC SitusAMC | Reviewer Comment (2025-04-24): Waived with compensating factors per lender request. Buyer Comment (2025-04-24): Lender accepts. Please waive with available compensating factors |  |  | 04/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | CA | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031129 | XX | XX | XX |  | 33785264 | 12025031129-578 | 04/22/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Birth Date was not provided | Borrower: XX | Signed as member only. Not provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 74.15 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 770 | SitusAMC SitusAMC | Reviewer Comment (2025-04-24): Waived with compensating factors per lender request. Buyer Comment (2025-04-24): Lender accepts. Please waive with available compensating factors |  |  | 04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | CA | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031129 | XX | XX | XX |  | 33785265 | 12025031129-5383 | 04/22/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided |  | Spousal consent was not provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 74.15 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 770 | SitusAMC SitusAMC | Reviewer Comment (2025-04-24): Waived with compensating factors per lender request. Buyer Comment (2025-04-24): Lender accepts. Please waive with available compensating factors |  |  | 04/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | CA | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031129 | XX | XX | XX |  | 33785267 | 12025031129-25749 | 04/22/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimate. |  |  |  | Reviewer Comment (2025-04-24): Received Buyer Comment (2025-04-24): final | 04/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025042189 | XX | XX | XX |  | 33785594 | 12025042189-23698 | 05/23/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX | The guarantee agreement is signed by 3 individuals. The file is missing the fraud report for the third guarantor, XX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 49.45 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 815 | SitusAMC SitusAMC | Reviewer Comment (2025-05-29): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-05-27): Lender accepts. Please waive with available compensating factors |  |  | 05/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | PA | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025042189 | XX | XX | XX |  | 33785595 | 12025042189-578 | 05/23/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Birth Date was not provided | Borrower: XX | The guarantee agreement is signed by 3 individuals. The file is missing the application for the third guarantor, XX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 49.45 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 815 | SitusAMC SitusAMC | Reviewer Comment (2025-05-29): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-05-27): Lender accepts. Please waive with available compensating factors |  |  | 05/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | PA | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025042189 | XX | XX | XX |  | 33785596 | 12025042189-5205 | 05/23/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | The guarantee agreement is signed by 3 individuals. The file is missing the OFAC for the third guarantor, XX. In addition, the file is missing the OFAC search for the business entity. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 49.45 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 815 | SitusAMC SitusAMC | Reviewer Comment (2025-08-11): Post-consummation OFAC received for 3rd guarantor. Reviewer Comment (2025-08-04): Post-consummation OFAC search was provided for third guarantor. Reviewer Comment (2025-05-29): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-05-27): Lender accepts. Please waive with available compensating factors |  |  | 05/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | PA | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
12025042189 | XX | XX | XX |  | 33785597 | 12025042189-2800 | 05/23/2025 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided |  | The guarantee agreement is signed by 3 individuals. The file is missing the credit report for the third guarantor, XX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 49.45 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 815 | SitusAMC SitusAMC | Reviewer Comment (2025-05-29): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-05-27): Lender accepts. Please waive with available compensating factors |  |  | 05/29/2025 | 2 | D | B | D | B | D | B | D | B | D | B | xx | PA | Investment | Refinance - Cash-out - Other |  | D | B | D | B |  |  | A | A |  | N/A | No
400089416 | XX | XX | XX |  | 34448756 | 1052848771-4436 | 11/20/2024 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/XX/07/2024) | Borrower waived right to receive a copy of the appraisal at least three business days prior to closing, and appraisal (Report Date 11/XX/2024) was not provided at or before closing |  |  |  | Buyer Comment (2024-12-10): SG acknowledges and waives this non-material EV2 finding Seller Comment (2024-12-06): see attached XX (Unclassified) was uploaded Reviewer Comment (2024-11-25): Exception remains: Doc XX suggests appraisal was delivered to borrower on 11/XX/2024 which is post note date of 11/XX/2024 provide proof of delivery which is three business days prior to closing Seller Comment (2024-11-21): Attached appraisal waiver is signed 10/28 prior to appraisal report of 11/XX/24 XX Appraisal Waiver.pdf (Appraisal) was uploaded |  |  | 12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | xx | CA | Primary | Purchase |  | B | B | A | A | B | B | A | A | Non QM | Non QM | No
400094443 | XX | XX | XX |  | 34448761 | 1052851155-31591 | 12/20/2024 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: 11/XX/2024 | File does not contain documentation from lender/seller confirming the condo is warrantable. |  |  |  | Reviewer Comment (2024-12-30): Document provided to verify FNMA approval. Exception cleared. Seller Comment (2024-12-24): xx Condo approval.pdf (Credit Review Documentation) was uploaded | 12/30/2024 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | A | C | A | A | A | A | A | Non QM | Non QM | No
400095900 | XX | XX | XX |  | 34448767 | 1052867917-6498 | 12/27/2024 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | Valuation Type: Appraisal / Valuation Report Date: 09/XX/2024 | The transfer letter in file has a date of 13/XX/2024 and it states the appraisal was transferred to XX The lender is, XX |  |  |  | Reviewer Comment (2025-01-07): Appraisal Transfer Letter received and verified. Exception cleared. Seller Comment (2025-01-06): TXX | 01/07/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | NY | Investment | Refinance - Cash-out - Other |  | B | A | A | A | A | A | B | A | Non QM | N/A | No
400093743 | XX | XX | XX |  | 34448773 | 4000056133-855 | 12/12/2024 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: 10/XX/2024 Disaster End Date: 11/XX/2024 Disaster Name: XX Disaster Declaration Date: 10/XX/2024 |  | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: 10/xx/2024. | SitusAMC | Reviewer Comment (2024-12-12): Most Recent Valuation Inspection Date: 10/XX/2024 Disaster End Date: 11/XX/2024 Disaster Name: HURRICANE XX Disaster Declaration Date: 10/XX/2024 |  |  | 12/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | xx | FL | Primary | Purchase |  | C | B | C | B | A | A | A | A | Non QM | Non QM | No
400093743 | XX | XX | XX |  | 34448774 | 4000056133-33616 | 12/12/2024 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | Disclosure: E-Sign Consent Agreement | The file is missing copy of E-sign document . |  |  |  | Reviewer Comment (2024-12-13): Received E-Sign Consent Agreement. Exception cleared. Seller Comment (2024-12-13): Comment from XX: econsent | 12/13/2024 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | B | C | B | A | A | A | A | Non QM | Non QM | No
400093632 | XX | XX | XX |  | 34448776 | 4000057950-32065 | 12/23/2024 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  | The preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file). |  |  |  | Reviewer Comment (2024-12-23): Accepted as is. |  |  | 12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | xx | CA | Primary | Purchase |  | B | B | B | B | A | A | A | A | Non QM | Non QM | No
400091279 | XX | XX | XX |  | 34448813 | 12024090289-2798 | 10/21/2024 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  |  | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |  | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2024-11-25): Waived with compensating factors per client request. Buyer Comment (2024-11-21): Lender accepts. Please waive with available compensating factors. Reviewer Comment (2024-10-23): This loan closed using income to qualify and while it is an investment transaction, it is considered a CCT loan and tested as such. A final 1003 will be required to clear this condition. Buyer Comment (2024-10-21): Hello - this is a Business purpose loan and final 1003 is not required. Please see attached initial 1003. thank you |  |  | 11/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | xx | PA | Investment | Purchase |  | C | B | C | B | A | B | A | A | N/A | N/A | No
400091279 | XX | XX | XX |  | 34448814 | 12024090289-23928 | 10/21/2024 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided |  |  | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |  | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2024-11-25): Waived with compensating factors per client request. Buyer Comment (2024-11-21): Lender accepts. Please waive with available compensating factors. Reviewer Comment (2024-10-28): Updated 1003 received, along with LOE to borrower; however, need signed, final 1003 received back from borrower to update citizenship status. Buyer Comment (2024-10-24): please see attached final 1003 - thank you Reviewer Comment (2024-10-23): Per the 1st page of the 1003 provided, borrower is a non-permanent resident alien. Buyer Comment (2024-10-23): Borrower is a US Citizen per 1003 |  |  | 11/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | xx | PA | Investment | Purchase |  | C | B | C | B | A | B | A | A | N/A | N/A | No
400091279 | XX | XX | XX |  | 34448816 | 12024090289-24752 | 10/21/2024 | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. | Borrower: XX | Missing evidence of non-permanent resident alien status. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |  | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2024-11-25): Waived with compensating factors per client request. Buyer Comment (2024-11-21): Lender accepts. Please waive with available compensating factors. Reviewer Comment (2024-10-23): Per the 1st page of the 1003 in initial submission and provided in trailing documents, borrower is a non-permanent resident alien. Buyer Comment (2024-10-22): Borrower is a US citizen per 1003. Please cancel exception. |  |  | 11/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | xx | PA | Investment | Purchase |  | C | B | C | B | A | B | A | A | N/A | N/A | No
400091279 | XX | XX | XX |  | 34448817 | 12024090289-31472 | 10/23/2024 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. EV2 informational finding to indicate which document was used to source fees for any applicable testing. | File closed using title company closing statement and not a HUD-1 or final CD. This is an EV2 condition client can elect to waive if a HUD-1 or CD cannot be provided. |  |  |  | Reviewer Comment (2024-11-25): Client elects to waive. Buyer Comment (2024-11-25): Please waive to EV2 condition for HUD1/Final CD. |  |  | 11/25/2024 | 2 |  | B |  | B |  | B |  | B |  | B | xx | PA | Investment | Purchase |  | C | B | C | B | A | B | A | A | N/A | N/A | No
400103303 | XX | XX | XX |  | 34448827 | 1052925248-30935 | 03/20/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Loan originated as Primary residence, yet URLA declarations indicates borrower will not occupy. | Borrower: XX | The subject transaction is "Purchase of Primary" but as per declaration section "5A - Will you occupy the property as you Primary Residence?" is check as "No" for Co-Borrower. |  |  |  | Reviewer Comment (2025-03-25): Co-borrower is non occupant, exception cleared. Seller Comment (2025-03-21): Can we please have the condition below waived. See comments on the 1008, under "transaction", Co-Borrower is a non-occupant. the 1003 is correctly marked as "no" | 03/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Primary | Purchase |  | C | B | C | A | C | B | A | A | Non QM | Non QM | No
400103303 | XX | XX | XX |  | 34448829 | 1052925248-6542 | 03/20/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee. Fee Amount of $1,295.00 exceeds tolerance of $1,195.00. Insufficient or no cure was provided to the borrower. (73196) | Underwriting Fee disclosed as $1,195.00 on LE dated 01/XX/2025, but disclosed as $1,295.00 on Final Closing Disclosure. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (2025-03-28): SitusAMC Received Corrected PCCD, LOE and Payment history. Seller Comment (2025-03-26): please see cure uploaded Reviewer Comment (2025-03-24): SitusAMC received LOE stating LE dated 01/08 was generated by broker by mistake, but the file contains borrower signed intent to proceed dated 01/08 and we cannot ignore the LE dated 01/08 from testing. LE 3-day timing is triggered by the earlier of broker or creditor application date. A valid change circumstance or cure will be required. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Seller Comment (2025-03-21): Please see rebuttal letter and intial LE previously submitted. |  | 03/28/2025 |  | 2 | C | B | C | B | C | B | C | B | C | B | xx | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No
400103303 | XX | XX | XX |  | 34448830 | 1052925248-6542 | 03/20/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $205.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. (75104) | Appraisal Review Fee of $205.00 was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (2025-03-28): SitusAMC Received Corrected PCCD, LOE and Payment history. Seller Comment (2025-03-26): Please see attached for LOE, PR,COC PCCD. xx PCCD COC PR.pdf (Unclassified) was uploaded Reviewer Comment (2025-03-24): SitusAMC received LOE stating LE dated 01/xx was generated by broker by mistake, but the file contains borrower signed intent to proceed dated 01/08 and we cannot ignore the LE dated 01/xx from testing. LE 3-day timing is triggered by the earlier of broker or creditor application date. A valid change circumstance or cure will be required. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Seller Comment (2025-03-21): See rebuttal ltr and initial LE REBUTTAL LTR AND INITIAL LE.pdf (Unclassified) was uploaded |  | 03/28/2025 |  | 2 | C | B | C | B | C | B | C | B | C | B | xx | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No
400103303 | XX | XX | XX |  | 34448831 | 1052925248-6542 | 03/20/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for MERS Fee. Fee Amount of $24.95 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. (7539) | MERS Fee of $24.95 was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (2025-03-28): SitusAMC Received Corrected PCCD, LOE and Payment history. Seller Comment (2025-03-26): please see cure uploaded Reviewer Comment (2025-03-24): SitusAMC received LOE stating LE dated 01/xx was generated by broker by mistake, but the file contains borrower signed intent to proceed dated 01/xx and we cannot ignore the LE dated 01/08 from testing. LE 3-day timing is triggered by the earlier of broker or creditor application date. A valid change circumstance or cure will be required. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Seller Comment (2025-03-21): Please see rebuttal letter and intial LE previously submitted. |  | 03/28/2025 |  | 2 | C | B | C | B | C | B | C | B | C | B | xx | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No
400103303 | XX | XX | XX |  | 34448832 | 1052925248-25838 | 03/20/2025 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XX Statement | Closing Statement/First Payment Letter/Statement for XX not provided. |  |  |  | Reviewer Comment (2025-03-28): HUD and closing instructions provided. Reviewer Comment (2025-03-27): Exception Remains - Required Closing Disclosure or Mortgage Statement for REO property 1XX to verify PITIA amount, unable to identify PITIA amount on provided final HUD-1. Seller Comment (2025-03-26): Pleased see attached final hud REO Final HUD.pdf (Unclassified) was uploaded Reviewer Comment (2025-03-24): Exception Remains - The new mortgage has been taken on this property XX Provide the final closing disclosure or Mortgage statement.. Seller Comment (2025-03-21): Per Closing instruction P&I is calculated at $138,750, 30 years, @ 7.4% interest rate =$960.68. XX POST CLOSING INSTRUCTIONS.pdf (Unclassified) was uploaded Reviewer Comment (2025-03-21): Tax and Insurance verification received, mortgage statement is required or document confirming P&I of the property. HUD document is not clear. Exception Remains. Seller Comment (2025-03-20): Please see attached XXpdf (Unclassified) was uploaded | 03/28/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Primary | Purchase |  | C | B | C | A | C | B | A | A | Non QM | Non QM | No
400103323 | XX | XX | XX |  | 34448836 | 250227238-6572 | 03/20/2025 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XX/13/2025) | Appraisal report dated 02/XX/2025 is missing evidence of receipt. |  |  |  | Reviewer Comment (2025-03-21): Appraisal delivery receipt received. Exception Cleared. Buyer Comment (2025-03-20): Proof of Appraisal Delivery was included in the initial shipping package and is located in your portal under doc ID XX. | 03/21/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | FL | Second Home | Purchase |  | C | B | C | B | B | A | A | A | Non QM | Non QM | No
400103323 | XX | XX | XX |  | 34448838 | 250227238-31591 | 03/20/2025 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: 02/XX/2025 | File does not contain documentation from lender/seller confirming the condo is warrantable. |  |  |  | Reviewer Comment (2025-03-21): Questionnaire provided meets guides. Reviewer Comment (2025-03-21): Exception Remains - HOA Questionnaire is available in file however required Project approval also to associate. Buyer Comment (2025-03-20): Condo Questionnaire supporting warrantability was included in the initial shipping package and is in your portal under doc ID XX. | 03/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Second Home | Purchase |  | C | B | C | B | B | A | A | A | Non QM | Non QM | No
400103323 | XX | XX | XX |  | 34448840 | 250227238-3831 | 03/20/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception required due to HOA shows a 29.5% delinquency rate which exceeds the non- warrantable condo max of 25% is approved | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 28.46 Guideline Requirement: 3.00 DTI: 33.03073% Guideline Maximum DTI: 45.00000% Guidelines Representative FICO: 680 Representative FICO: 787 | SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC | Reviewer Comment (2025-03-21): Client elects to waive with comp factors. Buyer Comment (2025-03-20): This should never be released as a finding and needs to be signed off with a level 2 grade. |  |  | 03/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Second Home | Purchase |  | C | B | C | B | B | A | A | A | Non QM | Non QM | No
400103323 | XX | XX | XX |  | 34448841 | 250227238-3831 | 03/21/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception: HOA Master Policy Peril coverages does not include Falling Objects and Weight of Snow. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 28.46 Guideline Requirement: 3.00 DTI: 33.03073% Guideline Maximum DTI: 45.00000% Guidelines Representative FICO: 680 Representative FICO: 787 | SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC | Reviewer Comment (2025-03-21): Client elects to waive with comp factors. |  |  | 03/21/2025 | 2 |  | B |  | B |  | B |  | B |  | B | xx | FL | Second Home | Purchase |  | C | B | C | B | B | A | A | A | Non QM | Non QM | No
400103257 | XX | XX | XX |  | 34448848 | 250226795-6583 | 03/24/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $155.50 exceeds tolerance of $100.00. Sufficient or excess cure was provided to the borrower at Closing. (7520) | Credit report fee amount of $155.50 exceeds tolerance of $100.00. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  | Reviewer Comment (2025-03-20): Sufficient Cure Provided At Closing |  | 03/20/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | IN | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | No
400103316 | XX | XX | XX |  | 34448850 | 250226922-6572 | 03/24/2025 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XX/21/2025) | No evidence in file showing borrower received copy of appraisal. |  |  |  | Reviewer Comment (2025-03-26): Appraisal delivery confirmation document was provided , Exception cleared. Buyer Comment (2025-03-25): The proof of delivery was provided in the initial shipping package Doc ID XX page 667, which reflets the appraisal report was sent on 2/XX/2025, the presumed receipt date is 2/XX/2025, the loan closed on 3/XX/2025, the 3 business day ECOA requirements were met. | 03/26/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | GA | Primary | Purchase |  | C | A | A | A | C | A | A | A | Non QM | Non QM | No
400103316 | XX | XX | XX |  | 34448854 | 250226922-6542 | 03/24/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $175.00 exceeds tolerance of $100.00. Insufficient or no cure was provided to the borrower. (7520) | Credit fee disclosed as $100.00 on initial CD and as $175.00 on final CD. No valid change in circumstance or cure for borrower provided. |  |  |  | Reviewer Comment (2025-03-27): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-03-25): The $75 cure for the increase in the credit report fee was applied to the Final CD Doc ID XX page 190, section J which states "Includes $75.00 credit for increase in Closing Costs above legal limit". | 03/27/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | No
400103316 | XX | XX | XX |  | 34448855 | 250226922-6583 | 03/27/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $175.00 exceeds tolerance of $100.00. Sufficient or excess cure was provided to the borrower at Closing. (7520) |  |  |  |  | Reviewer Comment (2025-03-27): Sufficient Cure Provided At Closing |  | 03/27/2025 |  | 1 |  | A |  | A |  | A |  | A |  | A | xx | GA | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No
400104764 | XX | XX | XX |  | 34448884 | 1052925711-5366 | 03/25/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 53.55165% exceeds Guideline total debt ratio of 50.00000%. | Calculated investor qualifying total debt ratio of 53.71189% exceeds Guideline total debt ratio of 50.00000%. Unable to determine difference as UW Income analysis in file reflects same income as used in review. |  |  |  | Reviewer Comment (2025-04-02): Received updated documentation regarding excluded debts allowed per guides and using rental income. Condition cleared. Seller Comment (2025-04-01): see updated 1003-1008 and lease. UW Director re-worked income and assets XX 1003 1008 and Lease.pdf (Unclassified) was uploaded | 04/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104764 | XX | XX | XX |  | 34448885 | 1052925711-3136 | 03/25/2025 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. |  |  |  | Reviewer Comment (2025-04-03): Exception Cleared; RESPA Homeownership Counseling List disclosure is received within 3 days of Application date. Seller Comment (2025-04-02): see attached XX LE and Home Counciling.pdf (Unclassified) was uploaded | 04/03/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | CA | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104764 | XX | XX | XX |  | 34448886 | 1052925711-26033 | 03/25/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/XX/19/2025) | Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. |  |  |  | Reviewer Comment (2025-04-10): SitusAMC received adverse action notice from Net 1 Funding confirming borrower withdraw of prior application Seller Comment (2025-04-09): see attached XX Termination of Application.pdf (Unclassified) was uploaded Reviewer Comment (2025-04-04): SitusAMC received LOE explaining 02/xx application was from Net1 funding. To remove LE and application from testing an adverse action/Deniel letter is required with reason for cancellation. Seller Comment (2025-04-02): XX Rebuttal and 1003.pdf (Unclassified) was uploaded | 04/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104764 | XX | XX | XX |  | 34448888 | 1052925711-5695 | 03/25/2025 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall finding due to the DTI issue. |  |  |  | Reviewer Comment (2025-04-02): Received updated documentation regarding excluded debts allowed per guides and using rental income. Condition cleared. Seller Comment (2025-04-01): see updated 1003-1008 and lease. Re-worked income and assets XX 1003 1008 and Lease.pdf (Unclassified) was uploaded | 04/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104764 | XX | XX | XX |  | 34448889 | 1052925711-25034 | 03/25/2025 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 53.55165% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) | Calculated investor qualifying total debt ratio of 53.71189% exceeds Guideline total debt ratio of 50.00000%. Unable to determine difference as UW Income analysis in file reflects same income as used in review. |  |  |  | Reviewer Comment (2025-04-02): Received updated documentation regarding excluded debts allowed per guides and using rental income. Condition cleared. Seller Comment (2025-04-01): see updated 1003-1008 and lease. UW Director re-worked income and assets XX 1003 1008 and Lease.pdf (Unclassified) was uploaded | 04/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104764 | XX | XX | XX |  | 34448890 | 1052925711-25029 | 03/25/2025 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall finding due to the DTI issue, resulting in a loan designation discrepancy. |  |  |  | Reviewer Comment (2025-04-02): Received updated documentation regarding excluded debts allowed per guides and using rental income. Condition cleared. Seller Comment (2025-04-01): see updated 1003-1008 and lease. UW Director re-worked income and assets XX 1003 1008 and Lease.pdf (Unclassified) was uploaded | 04/02/2025 |  |  | 1 | B | A | C | A | B | A | C | A | B | A | xx | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104748 | XX | XX | XX |  | 34448892 | 1052924844-31591 | 04/08/2025 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: 03/XX/2025 | File does not contain documentation from lender/seller confirming the condo is warrantable. |  |  |  | Reviewer Comment (2025-04-10): PUD warranty received, exception cleared. Seller Comment (2025-04-09): XX Condo Warranty.pdf (Credit Review Documentation) was uploaded | 04/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AL | Investment | Purchase |  | C | A | C | A | B | A | A | A | N/A | N/A | No
400104748 | XX | XX | XX |  | 34448893 | 1052924844-25838 | 04/08/2025 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XXStatement |  |  |  |  | Reviewer Comment (2025-04-10): REO documents received, exception cleared. Seller Comment (2025-04-09): Property was recently Refinanced. Uploaded is the CD from Refinance to verify previous mortgage with Merchants paid off, XX (Credit Review Documentation) was uploaded | 04/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AL | Investment | Purchase |  | C | A | C | A | B | A | A | A | N/A | N/A | No
400104748 | XX | XX | XX |  | 34448894 | 1052924844-6572 | 04/08/2025 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XX/13/2025) | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. |  |  |  | Reviewer Comment (2025-04-10): Received Appraisal delivery receipt dated 3/XX/2025. Exception cleared. Seller Comment (2025-04-09): Loan closed 3/XX/25. Evidence of delivery at least 3 days prior to closing uploaded. XXAppraisal Delivery Confirmation.pdf (Delivery Confirmation) was uploaded | 04/10/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | AL | Investment | Purchase |  | C | A | C | A | B | A | A | A | N/A | N/A | No
400104734 | XX | XX | XX |  | 34448899 | 1052925172-5366 | 03/31/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 60.23171% exceeds Guideline total debt ratio of 50.00000%. | Missing Lease agreement for XXproperty. |  |  |  | Reviewer Comment (2025-04-01): Guideline requirement met for short term rental. Seller Comment (2025-03-31): The property is an XX rental property, in which can rent the property for days at a time. The attachedXX earning reports for 2024 & 2025 shows an average of how often the property is rented 2XXf (Unclassified) was referenced | 04/01/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104734 | XX | XX | XX |  | 34448900 | 1052925172-29639 | 03/31/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Missing Lease agreement for XXproperty. |  |  |  | Reviewer Comment (2025-04-01): Guideline requirement met for short term rental. Seller Comment (2025-03-31): The property is anXX rental property, in which can rent the property for days at a time. The attached XX earning reports for 2024 & 2025 shows an average of how often the property is rented XX (Unclassified) was referenced | 04/01/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104734 | XX | XX | XX |  | 34448901 | 1052925172-25029 | 03/31/2025 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall exception due to missing lease agreement for XXproperty. |  |  |  | Reviewer Comment (2025-04-01): Guideline requirement met for short term rental. Seller Comment (2025-03-31): The property is an XX rental property, in which can rent the property for days at a time. The attached XX earning reports for 2024 & 2025 shows an average of how often the property is rented XX XX.pdf (Unclassified) was referenced | 04/01/2025 |  |  | 1 | B | A | C | A | B | A | C | A | B | A | xx | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104734 | XX | XX | XX |  | 34448902 | 1052925172-5695 | 03/31/2025 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall exception due to missing lease agreement for XXproperty. |  |  |  | Reviewer Comment (2025-04-01): Guideline requirement met for short term rental. Seller Comment (2025-03-31): The property is an XX rental property, in which can rent the property for days at a time. The attached XX earning reports for 2024 & 2025 shows an average of how often the property is rented XX XX.pdf (Unclassified) was referenced | 04/01/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104734 | XX | XX | XX |  | 34448903 | 1052925172-25035 | 03/31/2025 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 60.23171% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Waterfall exception due to missing lease agreement for XXproperty. |  |  |  | Reviewer Comment (2025-04-01): Guideline requirement met for short term rental. Seller Comment (2025-03-31): The property is an XX rental property, in which can rent the property for days at a time. The attached XX earning reports for 2024 & 2025 shows an average of how often the property is rented XX XX.pdf (Unclassified) was referenced | 04/01/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400104734 | XX | XX | XX |  | 34448904 | 1052925172-33058 | 03/31/2025 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall exception due to missing lease agreement for XXproperty. |  |  |  | Reviewer Comment (2025-04-01): Guideline requirement met for short term rental. Seller Comment (2025-03-31): The property is an XX rental property, in which can rent the property for days at a time. The attached XX earning reports for 2024 & 2025 shows an average of how often the property is rented XX XX.pdf (Unclassified) was uploaded | 04/01/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | A | C | A | C | A | A | A | Non QM | Non QM | No
400103320 | XX | XX | XX |  | 34448955 | 250226846-7901 | 03/13/2025 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | Credit Report: Original // Borrower: XX | Member OFAC not provided. |  |  |  | Reviewer Comment (2025-03-17): Received clear OFAC search for xx Exception cleared. Buyer Comment (2025-03-14): Submitted OFAC for XX for review. | 03/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | OH | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
400103240 | XX | XX | XX |  | 34448958 | 250226713-31591 | 03/12/2025 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Valuation Type: Appraisal / Valuation Report Date: 02/XX/2025 | File does not contain documentation from lender/seller confirming the condo is warrantable. |  |  |  | Reviewer Comment (2025-03-13): Condominium Preoject Questionnaire in file. Reviewer Comment (2025-03-13): No new document received. Document with ID D0233 is HOA Questionnaire which does not contain information if condo is warrantable. Provide documentation confirming the condo is warrantable. Exception remains. Buyer Comment (2025-03-12): Condo Questionnaire supporting warrantability was included in the initial shipping package and is located in your portal under doc ID D0233. | 03/13/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
400103248 | XX | XX | XX |  | 34448962 | 241225700-4264 | 03/28/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.65 is less than Guideline PITIA months reserves of 6.00. | Calculated reserves of 2.65 is less than Guideline reserves requirement of 6.00. |  |  |  | Reviewer Comment (2025-04-04): Received updated instruction stating lender used 01/XX/2025 guides. Condition cleared. Buyer Comment (2025-04-01): Submitted DataTape with updated version used to qualify. Initial approval went out 12/XX/2024. Prior to the loan being cleared to close on 3/XX/2025, UW applied 1/XX/2025 version with no reserve requirement, which has now been updated. Reviewer Comment (2025-03-31): Investor connect required 3 months reserves. Exception remains. Buyer Comment (2025-03-28): 3/XX/2025 – Submitted rebuttal to AMC. File originated on 12/XX/2024 which was after the Investor Connect guidelines were updated as of 10/XX/2024 to allow for no reserves on DSCR product having a ratio over 1.00%. | 04/04/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025020858 | XX | XX | XX |  | 34473454 | 12025020858-25749 | 03/27/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | File is missing final signed and dated Closing Statement. |  |  |  | Reviewer Comment (2025-04-01): clear Buyer Comment (2025-03-28): Attached Final SS | 04/01/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025020858 | XX | XX | XX |  | 34473455 | 12025020858-3831 | 03/27/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Underwriter income analysis is required when asset utilization is used for income. The worksheet was not provided and is required. DSCR is subject to recalculation. |  |  |  | Reviewer Comment (2025-04-03): clear Buyer Comment (2025-04-01): Attached is the requested doc. Reviewer Comment (2025-04-01): Provide the UW Income worksheet. Buyer Comment (2025-03-28): Attached is doc requested | 04/03/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025041018 | XX | XX | XX |  | 34473471 | 12025041018-25749 | 05/02/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | The file is missing the final HUD-1. Copy in file is an estimate. |  |  |  | Reviewer Comment (2025-05-07): clear Buyer Comment (2025-05-05): final | 05/07/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025041018 | XX | XX | XX |  | 34473472 | 12025041018-4513 | 05/02/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  | The Articles of Organization for XX is missing from the file. |  |  |  | Reviewer Comment (2025-05-12): Cleared. Buyer Comment (2025-05-08): Article of Organization | 05/12/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025032271 | XX | XX | XX |  | 34473477 | 12025032271-2924 | 05/07/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | Missing Full Fraud Report. |  |  |  | Reviewer Comment (2025-05-28): Received Buyer Comment (2025-05-23): Please find final fraud guard attached. | 05/28/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025032271 | XX | XX | XX |  | 34473478 | 12025032271-23698 | 05/07/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX | Exception set for missing Fraud Report. |  |  |  | Reviewer Comment (2025-05-28): Received Buyer Comment (2025-05-23): Please find final fraud guard attached. | 05/28/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025041443 | XX | XX | XX |  | 34473502 | 12025041443-3831 | 05/16/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception allowing borrower living rent free with a parent. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 252.88 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 778 | SitusAMC SitusAMC | Reviewer Comment (2025-05-16): Waived with compensating factors per lender exception approval at origination. |  |  | 05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | MD | Investment | Refinance - Cash-out - Other |  | B | B | B | B |  |  | A | A |  | N/A | No
12025041923 | XX | XX | XX |  | 34473506 | 12025041923-25749 | 05/27/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | The file is missing the final executed HUD/Closing Statement. |  |  |  | Reviewer Comment (2025-06-05): clear Buyer Comment (2025-06-03): Final | 06/05/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CT | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040736 | XX | XX | XX |  | 34473552 | 12025040736-595 | 06/04/2025 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title Error: Title vesting does not concur with deed |  | The title commitment reflects open judgments; however, the judgment report was not provided for review. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. | Loan to Value: 47.82609% Guideline Maximum Loan to Value: 70.00000% Guidelines Representative FICO: 660 Representative FICO: 712 | SitusAMC SitusAMC | Reviewer Comment (2025-09-22): Clear final title in file. Reviewer Comment (2025-09-22): Waived in error Reviewer Comment (2025-07-24): Waived with compensating factors per lender exception approval. Buyer Comment (2025-07-22): Please see attached exception. Thank you. | 09/22/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025040736 | XX | XX | XX |  | 34473553 | 12025040736-3831 | 06/04/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Per final closing statement, judgments that appear to be against the individual guarantors were paid through subject loan closing. Personal debt cannot be paid through a business purpose loan. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. | Loan to Value: 47.82609% Guideline Maximum Loan to Value: 70.00000% Guidelines Representative FICO: 660 Representative FICO: 712 | SitusAMC SitusAMC | Reviewer Comment (2025-07-24): Waived with compensating factors per lender exception approval. Buyer Comment (2025-07-22): 07/22-Please see attached Exception |  |  | 07/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | NY | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031411 | XX | XX | XX |  | 34473571 | 12025031411-4507 | 06/13/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing is older than 90 days. |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-07-01): Please accept in place of "Cert of Good Standing". Thank you. | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | IL | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031411 | XX | XX | XX |  | 34473572 | 12025031411-24197 | 06/13/2025 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided |  | Missing from appraisal dated 2/XX/25 |  |  |  | Reviewer Comment (2025-07-02): Cleared with most recent 1007. Buyer Comment (2025-07-01): Please see 2/XX/2025 appraisal attached. | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | IL | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031411 | XX | XX | XX |  | 34473574 | 12025031411-4245 | 07/25/2025 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 80.00000% exceeds Guideline loan to value percentage of 75.00000%. | Max LTV with DSCR below 1.0 is 75%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 63.15 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 788 | Originator,SitusAMC SitusAMC | Reviewer Comment (2025-07-28): Waived with compensating factors per lender exception approval. Reviewer Comment (2025-07-28): Cancelled in error. Reviewer Comment (2025-07-25): Need to get further clarification. |  |  | 07/28/2025 | 2 |  | B |  | B |  | B |  | B |  | B | xx | IL | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025041165 | XX | XX | XX |  | 34473583 | 12025041165-5205 | 06/16/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | The file is missing the OFAC search for both the borrowing business entities. |  |  |  | Reviewer Comment (2025-07-22): OFAC received Buyer Comment (2025-07-18): xx (2) business ofac checks attached. Thank you. Buyer Comment (2025-07-18): Please find documents attached along with exception. Thank you. | 07/22/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | PA | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025041165 | XX | XX | XX |  | 34473584 | 12025041165-5380 | 06/16/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | The file is missing the Operating Agreement for the sub-entity, XX. The file contains an email chain that indicates the Lender approved the loan without an Operating Agreement for the sub-entity; however, it appears the sub-entity is not solely owned by the signor as the EIN indicates a different individual as a member of the sub-entity and the Certificate of Formation shows the signor as a member but does not provide the ownership percentage. If the signor is not the sole owner of the sub-entity, documentation to verify the signor has signing authority from all members will be required. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700 Representative FICO: 779 | Originator,SitusAMC | Reviewer Comment (2025-07-22): Waived with compensating factors per lender exception approval received in trailing documents. Buyer Comment (2025-07-18): Please find exception attached. Thank you. |  |  | 07/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | PA | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025041165 | XX | XX | XX |  | 34473585 | 12025041165-4062 | 07/22/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Guarantor is not sole owner of underlying sub-entity and signing authority from all members is not present in loan file. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700 Representative FICO: 779 | Originator,SitusAMC | Reviewer Comment (2025-07-22): Waived with compensating factors per lender exception approval received in trailing documents. |  |  | 07/22/2025 | 2 |  | B |  | B |  | B |  | B |  | B | xx | PA | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025051337 | XX | XX | XX |  | 34473598 | 12025051337-23931 | 06/17/2025 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: Commitment |  |  |  |  | Reviewer Comment (2025-07-23): Final title received | 07/23/2025 |  |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | PA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051337 | XX | XX | XX |  | 34473599 | 12025051337-31588 | 06/17/2025 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date 06/XX/2025, Disbursement Date: 06/XX/2025 |  |  |  |  | Reviewer Comment (2025-07-09): Cleared Per client, accepting HOI as effective date is same as disbursement date. Reviewer Comment (2025-07-08): Required to be active at time of closing per guidelines. Buyer Comment (2025-07-03): The HOI effective date starts on 06/XX/2025. The disbursement date is 06/XX/2025. The HOI effective date is in compliance as it started the same day the settlement agent disbursed the funds. Please advise if you are able to clear, thank you! | 07/09/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | PA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051337 | XX | XX | XX |  | 34473600 | 12025051337-5347 | 06/17/2025 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. |  | The Non-Owner Occupancy Declaration is incomplete as Section 4A is missing the principal residence address. |  |  |  | Reviewer Comment (2025-07-08): clear Buyer Comment (2025-07-03): Please find completed form attached. Thank you. | 07/08/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | PA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051337 | XX | XX | XX |  | 34473601 | 12025051337-33586 | 06/17/2025 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. |  | Title preliminary disclosed various municipal liens. |  |  |  | Reviewer Comment (2025-07-23): Final title received reflecting no additional liens Buyer Comment (2025-07-22): Please see attached Title Policy. Thank you. Buyer Comment (2025-07-22): Please see attached. Thank you. | 07/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | PA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051337 | XX | XX | XX |  | 34473602 | 12025051337-6459 | 06/17/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-07-08): clear Buyer Comment (2025-07-03): Please final clear final fraud guard attached. Thank you. | 07/08/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | PA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050778 | XX | XX | XX |  | 34473622 | 12025050778-5380 | 06/19/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | Missing Operating Agreement for borrowing entity. Additional conditions may apply upon receipt and review of this document. |  |  |  | Reviewer Comment (2025-06-25): Borrowing certificate, allowed per guidelines, received in lieu of operating agreement. Buyer Comment (2025-06-23): Borrowing certificate | 06/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050778 | XX | XX | XX |  | 34473624 | 12025050778-5205 | 06/19/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | Missing OFAC for borrowing entity. |  |  |  | Reviewer Comment (2025-06-25): Updated fraud report received reflecting borrowing entity OFAC search Buyer Comment (2025-06-23): Fraud | 06/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050778 | XX | XX | XX |  | 34473625 | 12025050778-6459 | 06/19/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-06-25): Updated fraud report received reflecting all red flags cleared/addressed. Buyer Comment (2025-06-23): see attached fraud | 06/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025042125 | XX | XX | XX |  | 34473627 | 12025042125-3831 | 06/20/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide pages 1-3 for the Bylaws. Pages 4-20 provided. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700 Representative FICO: 780 | SitusAMC | Reviewer Comment (2025-07-30): Waived with compensating factors at clients request. Buyer Comment (2025-07-28): Lender accepts. Please waive with available compensating factors |  |  | 07/30/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | NY | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025042125 | XX | XX | XX |  | 34473628 | 12025042125-4057 | 06/20/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Incorporation not provided |  |  |  |  |  | Reviewer Comment (2025-07-16): clear Buyer Comment (2025-07-14): Cert of Incoration | 07/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025040289 | XX | XX | XX |  | 34473637 | 12025040289-5205 | 06/24/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | Missing OFAC for the borrowing entity. |  |  |  | Reviewer Comment (2025-07-11): Received Buyer Comment (2025-07-09): Please find clear ofac attached. Thank you. | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | WA | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052626 | XX | XX | XX |  | 34473641 | 12025052626-23698 | 06/24/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX, Credit Report: Original // Borrower: XX | Full Fraud Report is Missing, only Alerts Summary Section Provided. |  |  |  | Reviewer Comment (2025-07-22): Received full fraud report. Buyer Comment (2025-07-18): Please find the initial fraud guard attached. Thank you. Reviewer Comment (2025-07-16): Need a full Fraud Report. I have the alert summary. Buyer Comment (2025-07-14): 07/14-Fraud Buyer Comment (2025-07-14): 07/14-Please see attached Fraud | 07/22/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052626 | XX | XX | XX |  | 34473642 | 12025052626-2924 | 06/24/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | Full Fraud Report is Missing, only Alerts Summary Section Provided. |  |  |  | Reviewer Comment (2025-07-22): Received | 07/22/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025020012 | XX | XX | XX |  | 34473647 | 12025020012-4264 | 06/25/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.81 is less than Guideline PITIA months reserves of 2.00. | Missing evidence for XX account ending in XX with a balance of $XX. |  |  |  | Reviewer Comment (2025-06-30): clear Buyer Comment (2025-06-26): operating agreement Buyer Comment (2025-06-26): Chase | 06/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025020012 | XX | XX | XX |  | 34473649 | 12025020012-596 | 06/26/2025 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Lien(s) negatively impacting title |  | There are 3 open liens on title and only 1 was paid off at closing. Evidence of clear title with XX in first lien position will be required |  |  |  | Reviewer Comment (2025-06-30): clear Buyer Comment (2025-06-26): Final | 06/30/2025 |  |  | 1 |  | A |  | A |  | A |  | A |  | A | xx | NY | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025042409 | XX | XX | XX |  | 34473658 | 12025042409-23931 | 06/27/2025 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: Commitment |  |  |  |  | Reviewer Comment (2025-07-23): Final title received | 07/23/2025 |  |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | FL | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025042409 | XX | XX | XX |  | 34473659 | 12025042409-3831 | 06/27/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | There are 3 liens showing on title and only 1 was reported as paid on the final closing statement. Provide verification that liens are satisfied and will not impact future title. |  |  |  | Reviewer Comment (2025-07-23): Clear final title received Buyer Comment (2025-07-23): Final Title Policy | 07/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025030471 | XX | XX | XX |  | 34473680 | 12025030471-25749 | 06/27/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | File is missing final signed and dated HUD-1/Settlement Statement. |  |  |  | Reviewer Comment (2025-07-17): Received Buyer Comment (2025-07-15): Please see attached Final SS Reviewer Comment (2025-07-09): Both closing statements in the file are estimates. Buyer Comment (2025-07-07): Please find attached final HUD-1. Thank you. | 07/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051840 | XX | XX | XX |  | 34473686 | 12025051840-5389 | 06/30/2025 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Final Loan Agreement not provided |  | Final signature page missing from Loan Agreement. |  |  |  | Reviewer Comment (2025-07-14): Received Buyer Comment (2025-07-10): see attached all pages | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | GA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025060467 | XX | XX | XX |  | 34473688 | 12025060467-25749 | 06/30/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | File is missing final signed and dated HUD-1/Closing Statement. |  |  |  | Reviewer Comment (2025-07-23): Received Buyer Comment (2025-07-21): HUD-1 attached. Thank you. | 07/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051292 | XX | XX | XX |  | 34473690 | 12025051292-30930 | 06/30/2025 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $XX is less than the note amount of $XX based on the Commitment in file. | The Title Policy Amount of $XXis less than the note amount of $XX based on the Commitment in file. |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-07-01): title | 07/02/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | GA | Investment | Refinance - Rate/Term |  | D | A | D | A |  |  | A | A |  | N/A | No
12025051292 | XX | XX | XX |  | 34473691 | 12025051292-2919 | 06/30/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | File is missing primary rental verification from November 2024 to current. |  |  |  | Reviewer Comment (2025-07-14): LOE and proof of full rental payments received. Buyer Comment (2025-07-10): The complete rent payment per the lease is $9150. The loe was just stating the Borrower pays $1850 of his portion. HIs roommates send him the money to pay the total every month of $9150 Reviewer Comment (2025-07-09): Multiple xx payments sent to xx. Which ones are for the rent. The lease reflects 1850.00 per month. Buyer Comment (2025-07-07): xx shows xx payments to xx that total $9150- the full rent Reviewer Comment (2025-07-02): Unable to confirm rent payment's of $1850.00 being withdrawn from the accounts listed. Buyer Comment (2025-07-01): xx rent payments, xx operating agreement | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | D | A | xx | GA | Investment | Refinance - Rate/Term |  | D | A | D | A |  |  | A | A |  | N/A | No
12025051292 | XX | XX | XX |  | 34473692 | 12025051292-4513 | 06/30/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  |  |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-07-01): Article of organization | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | GA | Investment | Refinance - Rate/Term |  | D | A | D | A |  |  | A | A |  | N/A | No
12025051014 | XX | XX | XX |  | 34473694 | 12025051014-7919 | 06/30/2025 | Credit | Insurance | Insurance Documentation | Insurance | Insurance Policy Expiration Date is less than 30 days of the Note Date and does not have automatic renewal. |  | Master insurance policy expires 07/XX/2025. |  |  |  | Reviewer Comment (2025-07-21): Renewal master policy received Buyer Comment (2025-07-17): Ins | 07/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052434 | XX | XX | XX |  | 34473697 | 12025052434-23698 | 07/01/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX | The file contains the Alerts Summary only. The full fraud report is required. |  |  |  | Reviewer Comment (2025-07-07): Clear Buyer Comment (2025-07-02): Fraud | 07/07/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NC | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025052434 | XX | XX | XX |  | 34473699 | 12025052434-2924 | 07/01/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | The file contains the Alerts Summary only. The full fraud report is required. |  |  |  | Reviewer Comment (2025-07-07): Clear Buyer Comment (2025-07-02): see attached Fraud | 07/07/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NC | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025052434 | XX | XX | XX |  | 34473700 | 12025052434-27657 | 07/01/2025 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided |  | The guidelines require a complete copy of the asset statements. The file contains three consolidated statements in which only the balance page was provided. The full statements are required. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 88.62 Guideline Requirement: 2.00 | SitusAMC | Reviewer Comment (2025-07-31): Waived with compensating factors at clients request. Buyer Comment (2025-07-29): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-17): Received for account ending in xx. Still need for accounts ending in xx Buyer Comment (2025-07-15): April - June quarterly statement Buyer Comment (2025-07-15): Jan- March Quarterly statement |  |  | 07/31/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | NC | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025052434 | XX | XX | XX |  | 34473701 | 12025052434-27012 | 07/01/2025 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.74 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | The Lender used asset utilization income to qualify the loan. The file is missing the asset utilization worksheet, which is required. |  |  |  | Reviewer Comment (2025-07-07): clear Buyer Comment (2025-07-02): DSCR Calc | 07/07/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NC | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025032203 | XX | XX | XX |  | 34473714 | 12025032203-25749 | 07/02/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | The File Contains an estimated closing statement only. The Final Executed HUD is Required. |  |  |  | Reviewer Comment (2025-07-10): Received final closing statement Buyer Comment (2025-07-08): Final SS | 07/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | WA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025032203 | XX | XX | XX |  | 34473715 | 12025032203-4061 | 07/02/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Non-Owner Occupancy Declaration not provided |  | Section 4A of the Certification of Non-Owner Occupancy was not completed. |  |  |  | Reviewer Comment (2025-07-10): Received Buyer Comment (2025-07-08): Non-owner | 07/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | WA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025032203 | XX | XX | XX |  | 34473716 | 12025032203-23933 | 07/02/2025 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. |  | Preliminary title is missing. File only contains a supplement to the title. Final Title Policy was not provided. |  |  |  | Reviewer Comment (2025-07-14): Title commitment received in trailing docs. Buyer Comment (2025-07-10): Title supplement is dated 04/XX/25. The Effective Date of February xx, 2025 is hereby amended to be: April xx, 2025 at 08:00 AM reported on supplement Reviewer Comment (2025-07-10): Commitment uploaded is dated 2/XX/2025. Please provide title commitment dated 4/XX/2025, as referenced in the second supplement originally uploaded to file. Buyer Comment (2025-07-08): Pre-lim title | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | WA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025060575 | XX | XX | XX |  | 34473730 | 12025060575-5404 | 07/03/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXAccount Statements | Asset Depletion is considered in qualification; however, asset accounts are not identified. |  |  |  | Reviewer Comment (2025-07-10): Received asset depletion worksheet Buyer Comment (2025-07-08): DSCR Calc | 07/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040972 | XX | XX | XX |  | 34473739 | 12025040972-4513 | 07/08/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  | Articles of Organization/Formation missing in the file. Required for both entities. |  |  |  | Reviewer Comment (2025-07-21): Received Buyer Comment (2025-07-17): Please see attached ARTICLES OF ORGANIZATION - xx Buyer Comment (2025-07-17): Please see attached ARTICLES OF ORGANIZATION - xx | 07/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040972 | XX | XX | XX |  | 34473740 | 12025040972-4507 | 07/08/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing missing in file. Required for both entities. |  |  |  | Reviewer Comment (2025-07-21): Received Buyer Comment (2025-07-17): CERT OF GOOD STANDING - xx Buyer Comment (2025-07-17): CERT OF GOOD STANDING - UPDATE - xx Buyer Comment (2025-07-17): Please see attached Certificate of Good Standing - xx Buyer Comment (2025-07-17): Please see attached Certificate of Good Standing - xx | 07/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040972 | XX | XX | XX |  | 34473741 | 12025040972-4062 | 07/08/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | Corporate Resolution missing in the file. |  |  |  | Reviewer Comment (2025-07-21): Received Buyer Comment (2025-07-17): Please attached Resolution - xx Buyer Comment (2025-07-17): Please attached Resolution - xx | 07/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040972 | XX | XX | XX |  | 34473742 | 12025040972-25749 | 07/08/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | Final HUD/CD is missing in the file. |  |  |  | Reviewer Comment (2025-07-21): Received Buyer Comment (2025-07-17): Please see attached Final SS | 07/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040972 | XX | XX | XX |  | 34473743 | 12025040972-5380 | 07/08/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | Operating Agreement agreement is not provided in the file. Required for both entities. |  |  |  | Reviewer Comment (2025-07-21): Received Buyer Comment (2025-07-17): Please see attached Operating Agreement - xx Buyer Comment (2025-07-17): Please see attached Operating Agreement - xx | 07/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040972 | XX | XX | XX |  | 34473745 | 12025040972-32065 | 07/08/2025 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  |  |  |  |  | Reviewer Comment (2025-07-21): Final title policy received Buyer Comment (2025-07-17): Please see attached Final Title Policy Buyer Comment (2025-07-17): See title doc's attached. Thank you. | 07/21/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040972 | XX | XX | XX |  | 34473746 | 12025040972-23931 | 07/08/2025 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: Preliminary |  |  |  |  | Reviewer Comment (2025-07-21): Final title policy received | 07/21/2025 |  |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052348 | XX | XX | XX |  | 34473755 | 12025052348-23387 | 07/08/2025 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. |  | Provided flood certificate shows property address as #xx which is not provided in Note. |  |  |  | Reviewer Comment (2025-07-11): Received corrected flood certificate Buyer Comment (2025-07-09): Flood cert | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052348 | XX | XX | XX |  | 34473756 | 12025052348-23383 | 07/08/2025 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. |  | Provided hazard insurance shows property address as XX which is not provided in Note. |  |  |  | Reviewer Comment (2025-07-25): clear Buyer Comment (2025-07-23): Please see attached updated HOI | 07/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052451 | XX | XX | XX |  | 34473758 | 12025052451-3831 | 07/08/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower resides rent free with someone other than the spouse. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 30.54 Guideline Requirement: 2.00 | Originator Pre-Close,SitusAMC | Reviewer Comment (2025-07-15): Waived with compensating factors per lender exception approved at origination. Buyer Comment (2025-07-11): exception |  |  | 07/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | IL | Investment | Purchase |  | C | B | C | B |  |  | A | A |  | N/A | No
12025051368 | XX | XX | XX |  | 34473762 | 12025051368-27835 | 07/09/2025 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Note Date: 06/XX/2025; Lien Position: 1 | Investor to provide appropriate secondary valuation tool. |  |  |  | Reviewer Comment (2025-07-14): CDA received Buyer Comment (2025-07-10): CDA | 07/14/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | GA | Investment | Refinance - Limited Cash-out GSE |  | D | A | A | A |  |  | D | A |  | N/A | No
12025052501 | XX | XX | XX |  | 34473764 | 12025052501-27012 | 07/09/2025 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.72 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | The Debt Service Coverage Ratio is .72, under the guideline requirement. |  |  |  | Reviewer Comment (2025-07-17): Asset depletion worksheet and 3 months' statements received for all accounts used, resulting in DSCR over 1.00. Buyer Comment (2025-07-15): May Buyer Comment (2025-07-15): April Buyer Comment (2025-07-15): D0223, Reviewer Comment (2025-07-14): DSCR worksheet reflects an account listed as #A14 used in asset depletion; however, this account is not provided in file. Please provide 3 months' statements for this account to determine its usability towards asset depletion to recalculate DSCR. Buyer Comment (2025-07-10): DSCR Calc | 07/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040823 | XX | XX | XX |  | 34473789 | 12025040823-4061 | 07/11/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Non-Owner Occupancy Declaration not provided |  | Section 4A of the Certification of Non-Owner Occupancy was not completed. |  |  |  | Reviewer Comment (2025-07-18): Received fully completed NOO in trailing docs. Buyer Comment (2025-07-16): Please see attached | 07/18/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052687 | XX | XX | XX |  | 34473793 | 12025052687-28636 | 07/11/2025 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Evidence of Access to Funds is missing. |  |  |  | Reviewer Comment (2025-07-21): Assets not required to meet reserve/closing requirements. Buyer Comment (2025-07-17): Borrower qualifies without using the xx business account. Reviewer Comment (2025-07-16): xx business account. Buyer Comment (2025-07-14): What account do you need access to funds? | 07/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | D | A | D | A |  |  | A | A |  | N/A | No
12025052687 | XX | XX | XX |  | 34473794 | 12025052687-23931 | 07/11/2025 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: Preliminary |  |  |  |  | Reviewer Comment (2025-07-16): clear | 07/16/2025 |  |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | CA | Investment | Purchase |  | D | A | D | A |  |  | A | A |  | N/A | No
12025052687 | XX | XX | XX |  | 34473795 | 12025052687-32065 | 07/11/2025 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  | Proposed insured amount was not provided in the preliminary title policy. Final title should reflect at least Note amount. |  |  |  | Reviewer Comment (2025-07-16): clear Buyer Comment (2025-07-15): Final | 07/16/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | CA | Investment | Purchase |  | D | A | D | A |  |  | A | A |  | N/A | No
12025052687 | XX | XX | XX |  | 34473796 | 12025052687-4747 | 07/11/2025 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 |  | Provide a final HUD/Closing Statement that is signed by the borrower or stamped true and certified by settlement agent. Copy provided in file is an estimate. |  |  |  | Reviewer Comment (2025-07-16): clear Buyer Comment (2025-07-14): final SS | 07/16/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | CA | Investment | Purchase |  | D | A | D | A |  |  | A | A |  | N/A | No
12025052830 | XX | XX | XX |  | 34473805 | 12025052830-5807 | 07/14/2025 | Credit | Credit | Credit Documentation | Credit | Borrower does not own current residence and thus casts doubt on business purpose of loan. |  | Lender exception approved allowing borrower living rent free with brother. Letter of explanation from brother in file. Compensating factors: 1) borrower's credit score is at least 40 points > min 700; 2) Borrower's reserves are at least 6 months; 4 months > minimum 2 months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 186.27 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 741 | Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC | Reviewer Comment (2025-07-14): Waived with compensating factors per lender exception approval at origination. |  |  | 07/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | WY | Investment | Purchase |  | B | B | B | B |  |  | A | A |  | N/A | No
12025040748 | XX | XX | XX |  | 34473814 | 12025040748-6459 | 07/11/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX | There are 2 high alerts that have not been addressed. |  |  |  | Reviewer Comment (2025-07-16): clear Buyer Comment (2025-07-14): fraud summary | 07/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | KS | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052587 | XX | XX | XX |  | 34473822 | 12025052587-2799 | 07/15/2025 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided |  | Note is is missing the executed signature page. Note in file is incomplete. |  |  |  | Reviewer Comment (2025-07-18): Fully executed Note received. Buyer Comment (2025-07-16): PFA | 07/18/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | NY | Investment | Purchase |  | D | A | D | A |  |  | A | A |  | N/A | No
12025060266 | XX | XX | XX |  | 34473826 | 12025060266-6459 | 07/15/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-07-21): Alerts summary with all red flags addressed received. Buyer Comment (2025-07-17): Please find final clear fraud guard attached. Thank you. | 07/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051690 | XX | XX | XX |  | 34473833 | 12025051690-25749 | 07/16/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | Final HUD/CD is not provided. |  |  |  | Reviewer Comment (2025-07-28): clear Buyer Comment (2025-07-24): 07/24-Please see attached Reviewer Comment (2025-07-24): HUD is required to be signed by borrower or stamped true and certified by title company. Buyer Comment (2025-07-22): 07/22-Please see attached FSS | 07/28/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052879 | XX | XX | XX |  | 34473852 | 12025052879-4513 | 07/17/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  | Articles of organization/formation is missing in file. |  |  |  | Reviewer Comment (2025-07-28): Received Buyer Comment (2025-07-28): business entity Reviewer Comment (2025-07-22): Need full articles of organization - the one page document provided just indicates the company has been formed. Buyer Comment (2025-07-18): attached is the articles of organization for xx | 07/28/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | WA | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050339 | XX | XX | XX |  | 34473860 | 12025050339-6459 | 07/18/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-07-30): cleared with Alert Summary. Buyer Comment (2025-07-26): Fraud Uploaded | 07/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025060877 | XX | XX | XX |  | 34473862 | 12025060877-25749 | 07/18/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | File is missing final signed and dated HUD-1/Settlement Statement. |  |  |  | Reviewer Comment (2025-07-23): Received Buyer Comment (2025-07-23): PFA Buyer Comment (2025-07-21): PFA | 07/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025052581 | XX | XX | XX |  | 34473871 | 12025052581-31588 | 07/21/2025 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date 07/XX/2025, Disbursement Date: 07/XX/2025 | Hazard Insurance Policy Effective Date 07/XX/2025, Disbursement Date: 07/XX/2025. Require updated hazard policy in the file. |  |  |  | Reviewer Comment (2025-07-24): Per client, accepting HOI as effective date is same as disbursement date. | 07/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025020022 | XX | XX | XX |  | 34473978 | 12025020022-6582 | 03/17/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $360.00 exceeds tolerance of $140.00 plus 10% or $154.00. Sufficient or excess cure was provided to the borrower at Closing. (0) | Ten Percent Fee Tolerance exceeded. Total amount of $360.00 exceeds tolerance of $140.00 plus 10% or $154.00. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  | Reviewer Comment (2025-03-13): Sufficient Cure Provided At Closing |  | 03/13/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025020129 | XX | XX | XX |  | 34473995 | 12025020129-30831 | 04/14/2025 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. |  | Hazard Insurance policy did not disclose Lender or Servicer - including successors and assigns. |  |  |  | Reviewer Comment (2025-04-23): clear Buyer Comment (2025-04-21): 04/21-Updated policy | 04/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TN | Investment | Refinance - Cash-out - Other |  | C | A | C | A | A | A | A | A | Exempt from ATR | N/A | No
12025020129 | XX | XX | XX |  | 34473996 | 12025020129-6516 | 04/14/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met |  | The Security Instrument is missing the borrower's and notarized page. |  |  |  | Reviewer Comment (2025-04-17): clear Buyer Comment (2025-04-15): 04/15-Deed of Trust | 04/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TN | Investment | Refinance - Cash-out - Other |  | C | A | C | A | A | A | A | A | Exempt from ATR | N/A | No
12025032614 | XX | XX | XX |  | 34474011 | 12025032614-6498 | 05/08/2025 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | Valuation Type: Appraisal / Valuation Report Date: 04/XX/2025 | Lender name on appraisal is XX Please provide an updated appraisal to disclose XX. Also, Lender approved exception for complete appraisal by an appraisal management company. |  |  |  | Reviewer Comment (2025-05-20): clear Buyer Comment (2025-05-16): appraisal Reviewer Comment (2025-05-16): The 04/XX/2025 appraisal will also need updated. Buyer Comment (2025-05-15): appraisal Reviewer Comment (2025-05-13): None of the appraisal reflect Champions. They all reflect xx with no "S" at the end of Champion. Buyer Comment (2025-05-12): The Appraisal signed by Appraiser 4/18 is in xxC name (see cover sheet of Appraisal). | 05/20/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A | A | A | B | A | Exempt from ATR | N/A | No
12025032614 | XX | XX | XX |  | 34474012 | 12025032614-29639 | 05/08/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The file is missing the verification of employment within 20 business days of Note. |  |  |  | Reviewer Comment (2025-05-16): clear Buyer Comment (2025-05-14): CPA letter | 05/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A | A | A | B | A | Exempt from ATR | N/A | No
12025050236 | XX | XX | XX |  | 34474075 | 12025050236-29618 | 06/13/2025 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. |  |  | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. | DTI: 19.53351% Guideline Maximum DTI: 45.00000% Guidelines Representative FICO: 680 Representative FICO: 765 | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC | Reviewer Comment (2025-07-23): Waived with compensating factors per lender exception approval received in trailing docs. Buyer Comment (2025-07-22): Please find exception attached. Thank you. Reviewer Comment (2025-07-16): Reviewed statements received and the following months are still missing and required based on Note date of 6/XX/2025: 9/2024, 12/2024, 2/2025 and 5/2025. The internal notes appear to indicate that a 5/2024 payment was verified; however, we would require history from 6/2024 through 5/2025 to determine most recent 12 month history. Buyer Comment (2025-07-14): See breakdown of rental payments attached. Thank you. Reviewer Comment (2025-07-07): Unable to confirm 12 months of housing history. Provided document numbers and amounts. Buyer Comment (2025-07-02): Pleas find the remaining (4) mths confirmation of rental payments. Thank you. Buyer Comment (2025-07-02): Please find attached (8) mths confirmation of rental payments. Thank you. |  |  | 07/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | TX | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051307 | XX | XX | XX |  | 34474078 | 12025051307-6583 | 06/23/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $1,045.00 exceeds tolerance of $850.00. Sufficient or excess cure was provided to the borrower at Closing. (7506) | The Appraisal Fee disclosed on the final Closing Disclosure (CD) is $1,045.00, which exceeds the originally disclosed amount of $850.00 on the Loan Estimate (LE), resulting in a tolerance violation. |  |  |  | Reviewer Comment (2025-06-18): Sufficient Cure Provided At Closing |  | 06/18/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | AZ | Second Home | Purchase | Final CD evidences Cure | C | B | C | A | A | B | A | A | Exempt from ATR | Exempt from ATR | No
12025051307 | XX | XX | XX |  | 34474079 | 12025051307-6459 | 06/23/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-06-30): clear Buyer Comment (2025-06-26): Fraud summary Reviewer Comment (2025-06-26): There are 3 Red Flags that were not addressed. Buyer Comment (2025-06-24): fraud report has all high/medium alerts cleared; Unable to clear Fraud score risk condition on any fraud report. | 06/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Second Home | Purchase |  | C | B | C | A | A | B | A | A | Exempt from ATR | Exempt from ATR | No
12025051307 | XX | XX | XX |  | 34474080 | 12025051307-6572 | 06/30/2025 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XX/09/2025) |  |  |  |  | Buyer Comment (2025-07-24): Please waive condition. Reviewer Comment (2025-07-11): Both notices received are dated after consummation of the loan. Evidence appraisal received at least 3 business days prior to consummation would be required for review of this condition. Alternatively, this is an EV2 that client can elect to waive. Buyer Comment (2025-07-09): See attached |  |  | 07/24/2025 | 2 |  | B |  | B |  | B |  | B |  | B | xx | AZ | Second Home | Purchase |  | C | B | C | A | A | B | A | A | Exempt from ATR | Exempt from ATR | No
12025041859 | XX | XX | XX |  | 34474097 | 12025041859-4264 | 06/25/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.89 is less than Guideline PITIA months reserves of 6.00. |  | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower has verified disposable income of at least $2500.00. | Guidelines Representative FICO: 700 Representative FICO: 804 Documentation Type: 12mo Bank Statement Disposable Income: $17,612.00 | Originator,SitusAMC Originator,SitusAMC | Reviewer Comment (2025-07-02): Waived with compensating factors per lender exception approval. Buyer Comment (2025-06-30): exception |  |  | 07/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | NY | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025041859 | XX | XX | XX |  | 34474098 | 12025041859-29640 | 06/25/2025 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Insufficient reserves provided.Calculated PITIA months reserves of 5.89 is less than Guideline PITIA months reserves of 6.00. | Borrower has verified disposable income of at least $2500.00. The representative FICO score exceeds the guideline minimum by at least 40 points. | Documentation Type: 12mo Bank Statement Disposable Income: $17,612.00 Guidelines Representative FICO: 700 Representative FICO: 804 | Originator,SitusAMC Originator,SitusAMC | Reviewer Comment (2025-07-02): Waived with compensating factors per lender exception approval. Buyer Comment (2025-06-30): see attached exception |  |  | 07/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | NY | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025032710 | XX | XX | XX |  | 34474100 | 12025032710-33586 | 06/30/2025 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. |  | Title search shows negative impact on title. 2 judgments reported on title. |  |  |  | Reviewer Comment (2025-07-02): Clear Buyer Comment (2025-07-01): #9 satisfaction of release Buyer Comment (2025-07-01): #8 release of judgement | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Refinance - Cash-out - Other |  | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025050793 | XX | XX | XX |  | 34474105 | 12025050793-3883 | 07/03/2025 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. |  |  |  | Buyer Comment (2025-07-15): We accept a EV2 grade. Please waive to grade B. |  |  | 07/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | TX | Primary | Refinance - Cash-out - Other |  | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025050793 | XX | XX | XX |  | 34474107 | 12025050793-6336 | 07/03/2025 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | Texas Constitution Section 50(a)(6): Acceptable FNMA title insurance endorsements not obtained for home equity loan. The loan file does not evidence the Title Policy includes the Texas T-42 endorsement or the T-42.1 endorsement. (The loan is a Texas Section 50 (a)(6) home equity loan.) | Acceptable FNMA title insurance endorsements not obtained for home equity loan. The loan file does not evidence the Title Policy includes the Texas T-42 endorsement or the T-42.1 endorsement. (The loan is a Texas Section 50 (a)(6) home equity loan.) |  |  |  | Reviewer Comment (2025-07-18): Received final title policy reflecting both T42 and T42.1 endorsements. Buyer Comment (2025-07-16): Please see attached final title policy. Page 9 reflects the endorsements | 07/18/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | TX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025050793 | XX | XX | XX |  | 34474109 | 12025050793-34957 | 07/03/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-1,500.00. Insufficient or no cure was provided to the borrower. (9300) | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-1,500.00. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (2025-07-17): SitusAMC received COC dated 06/xx and CD dated 06/xx. Buyer Comment (2025-07-16): Please see attached 6.11 Rate Lock Buyer Comment (2025-07-16): Please see attached 6.12 COC and CD Reviewer Comment (2025-07-16): SitusAMC received COC and rate lock dated 05/xx, however lender credit decreased to $0 on CD dated 06/XX/2025. A valid Changed Circumstance for CD dated 06/xx or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-07-15): Please see attached 5.27 Rate Lock Buyer Comment (2025-07-15): Please see attached 05.27 COC and CD | 07/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025050793 | XX | XX | XX |  | 34474110 | 12025050793-6543 | 07/03/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $210.00 exceeds tolerance of $154.00 plus 10% or $169.40. Insufficient or no cure was provided to the borrower. (0) | Ten Percent Fee Tolerance exceeded. Total amount of $210.00 exceeds tolerance of $154.00 plus 10% or $169.40. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (2025-07-16): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.” Buyer Comment (2025-07-15): Please see attached Final CD. A $40.60 RESPA was applied to cover the 10% fee TRID violation |  | 07/16/2025 |  | 2 | C | B | C | B | C | B | C | B | C | B | xx | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025050793 | XX | XX | XX |  | 34474111 | 12025050793-23931 | 07/03/2025 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: Commitment | Title Final Title policy is missing in loan file. |  |  |  | Reviewer Comment (2025-07-18): Final title received in trailing docs | 07/18/2025 |  |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | TX | Primary | Refinance - Cash-out - Other |  | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025050793 | XX | XX | XX |  | 34474113 | 12025050793-6582 | 07/17/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $210.00 exceeds tolerance of $154.00 plus 10% or $169.40. Sufficient or excess cure was provided to the borrower at Closing. (0) |  |  |  |  | Reviewer Comment (2025-07-17): Sufficient Cure Provided At Closing |  | 07/17/2025 |  | 1 |  | A |  | A |  | A |  | A |  | A | xx | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025050793 | XX | XX | XX |  | 34474114 | 12025050793-6416 | 07/22/2025 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. |  |  |  |  | Reviewer Comment (2025-07-22): $1000 refund check, LOE to borrower with offer to refinance at no cost, and proof of mailing. |  | 07/22/2025 |  | 2 |  | B |  | B |  | B |  | B |  | B | xx | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025042005 | XX | XX | XX |  | 34474122 | 12025042005-6582 | 07/01/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $199.00 exceeds tolerance of $33.00 plus 10% or $36.30. Sufficient or excess cure was provided to the borrower at Closing. (0) | Ten Percent Fee Tolerance exceeded. Total amount of $199.00 exceeds tolerance of $33.00 plus 10% or $36.30. |  |  |  | Reviewer Comment (2025-06-24): Sufficient Cure Provided At Closing |  | 06/24/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025042005 | XX | XX | XX |  | 34474123 | 12025042005-3831 | 07/01/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | 2 months verification of receipt for the Social Security income is required and only 1 month was provided. |  |  |  | Reviewer Comment (2025-07-11): Received evidence of 2 months' receipt. Buyer Comment (2025-07-09): May | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Primary | Refinance - Cash-out - Other |  | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025052077 | XX | XX | XX |  | 34474127 | 12025052077-5404 | 07/01/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXThird Party Verification | The file is missing third party verification of employment within 20 business days prior to the Note date. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. | Documentation Type: 12mo Bank Statement Disposable Income: $48,518.56 Reserves: 9.35 Guideline Requirement: 3.00 DTI: 24.22755% Guideline Maximum DTI: 50.00000% Guidelines Representative FICO: 700 Representative FICO: 800 | SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-07-16): Waived with compensating factors at clients request. Buyer Comment (2025-07-14): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-11): Document provided is dated 7/XX/2025, which is after Note date of 6/XX/2025. Documentation dated on or before Note date is required for review of this condition. Buyer Comment (2025-07-11): third party voe |  |  | 07/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | TX | Investment | Refinance - Rate/Term |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025052077 | XX | XX | XX |  | 34474128 | 12025052077-29639 | 07/01/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The file is missing third party verification of employment within 20 business days prior to the Note date. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. | Documentation Type: 12mo Bank Statement Disposable Income: $48,518.56 Reserves: 9.35 Guideline Requirement: 3.00 DTI: 24.22755% Guideline Maximum DTI: 50.00000% Guidelines Representative FICO: 700 Representative FICO: 800 | SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-07-16): Waived with compensating factors at clients request. Buyer Comment (2025-07-14): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-11): Document provided is dated 7/XX/2025, which is after Note date of 6/XX/2025. Documentation dated on or before Note date is required for review of this condition. Buyer Comment (2025-07-11): see attached VVOE |  |  | 07/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | TX | Investment | Refinance - Rate/Term |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025052077 | XX | XX | XX |  | 34474129 | 12025052077-4264 | 07/01/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.34 is less than Guideline PITIA months reserves of 3.00. |  |  |  |  | Reviewer Comment (2025-07-14): Received evidence of ownership to business named on account, resulting in sufficient reserves. Reviewer Comment (2025-07-11): This condition is in relation to assets, not ownership of the business entity. Buyer Comment (2025-07-09): Cert of formation Buyer Comment (2025-07-09): Shares Cert | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Rate/Term |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025052077 | XX | XX | XX |  | 34474130 | 12025052077-3831 | 07/01/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide OFAC for the borrowing entity. |  |  |  | Reviewer Comment (2025-07-11): OFAC received Buyer Comment (2025-07-09): Fraud report | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Rate/Term |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025052077 | XX | XX | XX |  | 34474131 | 12025052077-28636 | 07/01/2025 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Missing access verification for XX assets. |  |  |  | Reviewer Comment (2025-07-15): Received evidence of access to funds. Reviewer Comment (2025-07-11): Documentation provided does not indicate xx owns at least 25% of entity. It reflects two individuals as owner/director. Need evidence of ownership percent to consider funds. Buyer Comment (2025-07-09): see attached docs | 07/15/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Rate/Term |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025052077 | XX | XX | XX |  | 34474132 | 12025052077-3831 | 07/01/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide a third-party verification that the business is in existence and in good standing is required for XX Must provide ownership percentage. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. | Documentation Type: 12mo Bank Statement Disposable Income: $48,518.56 Reserves: 9.35 Guideline Requirement: 3.00 DTI: 24.22755% Guideline Maximum DTI: 50.00000% Guidelines Representative FICO: 700 Representative FICO: 800 | SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-07-16): Waived with compensating factors at clients request. Buyer Comment (2025-07-14): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-11): Document provided is dated 7/XX/2025, which is after Note date of 6/XX/2025. Documentation dated on or before Note date is required for review of this condition. Buyer Comment (2025-07-09): see attached docs |  |  | 07/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | TX | Investment | Refinance - Rate/Term |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025052077 | XX | XX | XX |  | 34474133 | 12025052077-3862 | 07/16/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: SEVERE STORMS, STRAIGHT-LINE WINDS, AND FLOODING Disaster Declaration Date: 07/XX/2025 |  |  |  |  | Reviewer Comment (2025-07-23): PDI received dated post-disaster declaration reflecting no damage. Buyer Comment (2025-07-21): Disaster Cert - no damage | 07/23/2025 |  |  | 1 |  | A |  | A |  | A |  | A |  | A | xx | TX | Investment | Refinance - Rate/Term |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025052837 | XX | XX | XX |  | 34474145 | 12025052837-2798 | 07/03/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  | File is missing final signed and dated 1003. |  |  |  | Reviewer Comment (2025-07-16): clear Buyer Comment (2025-07-14): Final 1003 | 07/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025040899 | XX | XX | XX |  | 34474156 | 12025040899-29639 | 07/07/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The file is missing verification of employment within 20 business days prior to the Note date. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has verified disposable income of at least $2500.00. | DTI: 16.54613% Guideline Maximum DTI: 50.00000% Reserves: 339.98 Guideline Requirement: 3.00 Documentation Type: 12mo Bank Statement Disposable Income: $368,969.30 | SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-07-16): Waived with compensating factors at clients request. Buyer Comment (2025-07-14): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-14): CPA letter provided is dated 7/XX/2025, which is post-Note date of 6/XX/2025. Documentation dated on or prior to consummation required for review of this. Buyer Comment (2025-07-10): CPA letter |  |  | 07/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025040899 | XX | XX | XX |  | 34474158 | 12025040899-5404 | 07/07/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXThird Party Verification | The file is missing verification of employment within 20 business days prior to the Note date. Also, the file is missing REO documents for properties on XX | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Documentation Type: 12mo Bank Statement Disposable Income: $368,969.30 Reserves: 339.98 Guideline Requirement: 3.00 DTI: 16.54613% Guideline Maximum DTI: 50.00000% | SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-07-16): Waived with compensating factors at clients request. Buyer Comment (2025-07-14): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-14): CPA letter provided is dated 7/XX/2025, which is post-Note date of 6/XX/2025. Documentation dated on or prior to consummation required for review of this. Buyer Comment (2025-07-10): see attached CPA leter |  |  | 07/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025040899 | XX | XX | XX |  | 34474159 | 12025040899-25838 | 07/07/2025 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XX Insurance Verification | The file is missing REO documents for properties on XX |  |  |  | Reviewer Comment (2025-07-21): Received all REO documents Reviewer Comment (2025-07-21): EXCEPTION HISTORY - Exception Explanation was updated on 07/XX/2025 PRIOR Exception Explanation: Insurance Verification, Statement, Tax Verification Buyer Comment (2025-07-17): Ins dated 06/XX/25 Reviewer Comment (2025-07-16): Insurance verification for 1220 is dated post closing and cannot be used. Buyer Comment (2025-07-14): xxtax Buyer Comment (2025-07-14): Ins xx Buyer Comment (2025-07-14): VOM Reviewer Comment (2025-07-14): EXCEPTION HISTORY - Exception Detail was updated on 07/XX/2025 PRIOR Exception Detail: xx EXCEPTION HISTORY - Exception Explanation was updated on 07/XX/2025 PRIOR Exception Explanation: Insurance Verification, Statement, Tax Verification Insurance Verification, Statement, Tax Verification Reviewer Comment (2025-07-10): Unable to determine the PITIA for the xx using the 1008. xxt is cleared. Buyer Comment (2025-07-08): xx has not closed yet; 1008 was provided. Buyer Comment (2025-07-08): xx Buyer Comment (2025-07-08): xx First payment letter | 07/21/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025041463 | XX | XX | XX |  | 34474167 | 12025041463-23698 | 07/08/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX | No evidence of fraud report in file. |  |  |  | Reviewer Comment (2025-07-28): clear Buyer Comment (2025-07-24): Please find initial fraud attached. Thank you. Buyer Comment (2025-07-24): Please find final Fraud attached. Thank you. | 07/28/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | IL | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025041463 | XX | XX | XX |  | 34474169 | 12025041463-3831 | 07/08/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | When rent is paid to a private party/landlord, a copy of the lease and 12 months of cancelled checks (front and back) or bank statement are required for verification of timely payments. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly mortgage payment has decreased by at least 20%. The representative FICO score exceeds the guideline minimum by at least 40 points. | Documentation Type: Asset Depletion Disposable Income: $5,815.79 Prior Housing Expense: $4,750.00 Proposed Housing Expense: $3,714.72 Guidelines Representative FICO: 680 Representative FICO: 752 | SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-07-28): Waived with compensating factors per lender exception approval. Buyer Comment (2025-07-24): Please find exception attached. Thank you. |  |  | 07/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | IL | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
32025050620 | XX | XX | XX |  | 34474193 | 32025050620-30168 | 07/08/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure – Corrected Closing Disclosure provided on or after 05/XX/2025 contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation | The Closing Disclosure dated 05/XX/2025 is incomplete on page 5 resulting in the timing test requirement for a corrected Closing Disclosure. There is no documentation in the file to verify that this Closing Disclosure was not provided to the borrower. |  |  |  | Reviewer Comment (2025-07-11): SitusAMC received lender attestation that 5-xx-25 CD was title company generated not provided to borrower and reflects blank APR and no change in APR Buyer Comment (2025-07-10): All borrower facing documents have xx in the footer. The Closing Disclosure in question is not a xx document, indicating that it was provided to the lender by the title company to generate the borrower facing Closing Disclosure. | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase | TRID timing exception, no remediation available. | C | A | A | A | C | A | A | A | Non QM | Non QM | No
32025050620 | XX | XX | XX |  | 34474194 | 32025050620-27765 | 07/08/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $2,520.00 exceeds tolerance of $2,338.00. Sufficient or excess cure was provided to the borrower. (8304) |  |  |  |  | Reviewer Comment (2025-06-27): Sufficient Cure Provided within 60 Days of Closing |  | 06/27/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | FL | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | A | A | A | C | A | A | A | Non QM | Non QM | No
12025051223 | XX | XX | XX |  | 34474197 | 12025051223-25838 | 07/08/2025 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XX Address: XX Address: XX Statement Statement Statement Statement | The file is missing the mortgage PITIA verification for all four investment properties. |  |  |  | Reviewer Comment (2025-07-11): Received evidence of PITIA payments on all REOs. Buyer Comment (2025-07-09): XX Buyer Comment (2025-07-09): 1XX - Loan has not closed yet Buyer Comment (2025-07-09): XX Buyer Comment (2025-07-09): 1xx | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Purchase |  | C | A | C | A | A | A | A | A | Exempt from ATR | N/A | No
12025051223 | XX | XX | XX |  | 34474198 | 12025051223-29639 | 07/08/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The file is missing documentation to verify the mortgage payments for four of the investment properties. |  |  |  | Reviewer Comment (2025-07-11): Received evidence of PITIA payments on all REOs. Buyer Comment (2025-07-09): see attached docs | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Purchase |  | C | A | C | A | A | A | A | A | Exempt from ATR | N/A | No
12025050122 | XX | XX | XX |  | 34474201 | 12025050122-6459 | 07/10/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-07-15): Received alerts summary reflecting all red flags addressed/cleared. Buyer Comment (2025-07-11): fraud | 07/15/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | WI | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025050122 | XX | XX | XX |  | 34474202 | 12025050122-29639 | 07/10/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The guidelines require the borrower to be self-employed for at least 2 years. Documentation verifies the borrower has been self-employed since 11/2023 which is less than 2 years from the closing of 06/2025. Lender approved exception at origination to allow the borrower to be in business less than 2 years. Compensating Factors noted: 1) Borrower has at least 7 months reserves; 4 months > min 3 2) LTV is at least 10 percentage points < max 70% 3) Residual income > $3000 4) Borrower's non-borrowing spouse, who is a 50% owner of the business, has worked in the xx industry for many years 5) Nine years of clean mortgage pay history - pending sale on the property associated with this mortgage; will use proceeds toward purchase. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Documentation Type: 12mo Bank Statement Disposable Income: $4,003.43 Reserves: 12.07 Guideline Requirement: 3.00 Combined Loan to Value: 59.74026% Guideline Maximum Combined Loan to Value: 70.00000% Loan to Value: 59.74026% Guideline Maximum Loan to Value: 70.00000% | Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC | Reviewer Comment (2025-07-09): Waived with compensating factors per lender exception approval at origination. |  |  | 07/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | WI | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025050445 | XX | XX | XX |  | 34474229 | 12025050445-26033 | 07/14/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated 05/XX/2025 was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. (Initial/XX/07/2025) |  |  |  |  | Reviewer Comment (2025-07-16): SitusAMC received e-consent dated 05/08/2025 Buyer Comment (2025-07-15): PFA as requested | 07/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Second Home | Purchase |  | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025050445 | XX | XX | XX |  | 34474232 | 12025050445-6543 | 07/14/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,991.50 exceeds tolerance of $1,767.00 plus 10% or $1,943.70. Insufficient or no cure was provided to the borrower. (0) | A valid COC was not provided. |  |  |  | Reviewer Comment (2025-08-04): SItusAMC received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-08-01): PFA Reviewer Comment (2025-07-23): SitusAMC Received rebuttal; however, Title Wire fee cannot be considered under 10% tolerance as fee is not charged on Final CD. Provide Valid COC for increased title fee or provide Cure Docs $47.80. Cure Consists of PCCD, LOE, Refund Check and Proof of Mailing. Buyer Comment (2025-07-22): Initial Disclosures Total: Title – Closing/Escrow Fee: $595 Title – Lender’s Title Insurance: $1112 Title - Wire Fee: $85 Recording Fees: $60 Total: $1852 10% Tolerance: $185.20 Total: $2037 Buyer Comment (2025-07-21): The baseline is considered as the initial LE. Reviewer Comment (2025-07-16): SitusAMC received Changed Circumstance dated 06/XX/2025, but it does not give sufficient information on why the title fee was added. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-07-15): Please see D0170 CPL and Endorsement fees are added, and D0178 CD also provided with updated fees |  | 08/04/2025 |  | 2 | C | B | C | B | C | B | C | B | C | B | xx | AZ | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025041778 | XX | XX | XX |  | 34474234 | 12025041778-5404 | 07/14/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XXThird Party Verification | Provide documentation verifying the business existence. The document must be dated within 20 business days of the Note date. | Borrower has verified disposable income of at least $2500.00. The representative FICO score exceeds the guideline minimum by at least 40 points. | Documentation Type: 12mo Bank Statement Disposable Income: $16,291.08 Guidelines Representative FICO: 700 Representative FICO: 783 | SitusAMC SitusAMC | Reviewer Comment (2025-07-31): Waived with compensating factors at clients request. Buyer Comment (2025-07-29): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-20): A VVOE is not third party verification of self-employment. CPA letter, business entity listing, or other state third-party verification required for review of this condition. Must be dated no more than 20 business days prior to Note date. Buyer Comment (2025-07-17): VVOE |  |  | 07/31/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025041778 | XX | XX | XX |  | 34474235 | 12025041778-29639 | 07/14/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Missing documentation verifying the business existence dated within 20 business days of the Note date. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower has verified disposable income of at least $2500.00. | Guidelines Representative FICO: 700 Representative FICO: 783 Documentation Type: 12mo Bank Statement Disposable Income: $16,291.08 | SitusAMC SitusAMC | Reviewer Comment (2025-07-31): Waived with compensating factors at clients request. Buyer Comment (2025-07-29): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-20): A VVOE is not third party verification of self-employment. CPA letter, business entity listing, or other state third-party verification required for review of this condition. Must be dated no more than 20 business days prior to Note date. Buyer Comment (2025-07-17): see attached VVOE |  |  | 07/31/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025060184 | XX | XX | XX |  | 34474245 | 12025060184-25158 | 07/15/2025 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock document was not provided. |  |  |  | Reviewer Comment (2025-07-18): Received Buyer Comment (2025-07-16): Please find attached lock confirmation. | 07/18/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | SC | Primary | Purchase |  | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025060184 | XX | XX | XX |  | 34474246 | 12025060184-6542 | 07/15/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $370.00 exceeds tolerance of $300.00. Insufficient or no cure was provided to the borrower. (7520) | No valid COC provided. |  |  |  | Reviewer Comment (2025-07-30): SitusAMC received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-07-28): Please find attached PCCD, LOE, Check. Thank You!!! Reviewer Comment (2025-07-22): SitusAMC received invoice, however we require additional sufficient information on why the credit report fee increased as invoice only states credit verification/technology fee. Please provide additional sufficient information on why credit verification was required. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-07-21): Please find the attached invoice detailing the reason for the credit report fee increase. Reviewer Comment (2025-07-18): SitusAMC received Changed Circumstance dated 06/XX/2025, but it does not give sufficient information on why the Credit report fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase/added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-07-17): Please refer to document number D0317. The reason for the COC rate lock modification has already been provided. Thank You!! Reviewer Comment (2025-07-17): SitusAMC received Changed Circumstance dated 06/XX/2025, but it does not give sufficient information on why the Credit report fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase/added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-07-16): Please find attached COC. |  | 07/30/2025 |  | 2 | C | B | C | B | C | B | C | B | C | B | xx | SC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025052594 | XX | XX | XX |  | 34474289 | 12025052594-27835 | 07/15/2025 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Note Date: 06/XX/2025; Lien Position: 1 | CU Score is more than 2.5 and secondary valuation is missing. |  |  |  | Reviewer Comment (2025-07-20): Received CDA Buyer Comment (2025-07-17): CDA | 07/20/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | CO | Primary | Refinance - Cash-out - Other |  | D | A | A | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No
12025060965 | XX | XX | XX |  | 34474311 | 12025060965-4747 | 07/17/2025 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 |  | Provide a final HUD/Closing Statement that is signed by the borrower or stamped true and certified by settlement agent. Copy provided in file is an estimate. |  |  |  | Reviewer Comment (2025-07-22): Final settlement statement received Buyer Comment (2025-07-18): Please see attached Final SS | 07/22/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | AZ | Investment | Purchase |  | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No
12025060965 | XX | XX | XX |  | 34474312 | 12025060965-6459 | 07/17/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-07-22): Alerts summary with all red flags addressed received in trailing docs. Buyer Comment (2025-07-18): Clear final frau guard attached. Thank you. | 07/22/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Investment | Purchase |  | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No
12025060355 | XX | XX | XX |  | 34474326 | 12025060355-3831 | 07/18/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide a final HUD/Closing Statement that is signed by the borrower or stamped true and certified by settlement agent. Copy provided in file is an estimate. |  |  |  | Reviewer Comment (2025-07-23): Received final closing statement Buyer Comment (2025-07-22): Please see attached Final SS | 07/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A | A | A | A | A | Exempt from ATR | N/A | No
12025060642 | XX | XX | XX |  | 34474330 | 12025060642-6542 | 07/18/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $8,254.69 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. (7200) | Loan Discount Points Fee Amount of $8,254.69 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower |  |  |  | Reviewer Comment (2025-07-22): SitusAMC received valid COC dated 06/13/2025 Buyer Comment (2025-07-21): PFA COC | 07/22/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025060688 | XX | XX | XX |  | 34474350 | 12025060688-6459 | 07/21/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-07-24): clear Buyer Comment (2025-07-22): PFA as requested | 07/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025030310 | XX | XX | XX |  | 34474401 | 12025030310-3831 | 04/09/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception at origination to accept transferred appraisal without the use of an appraisal management company. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 660 Representative FICO: 736 | SitusAMC | Reviewer Comment (2025-04-09): Waived with compensating factors per lender exception approval at origination. |  |  | 04/09/2025 | 2 |  | B |  | B |  | B |  | B |  | B | xx | TN | Investment | Refinance - Cash-out - Other |  | A | B | A | B |  |  | A | A |  | N/A | No
12025041448 | XX | XX | XX |  | 34474403 | 12025041448-3831 | 05/12/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender exception approved at origination for borrower living rent free with a parent. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700 Representative FICO: 778 | Originator Pre-Close,SitusAMC | Reviewer Comment (2025-05-12): Waived with compensating factors per lender exception approval at origination. |  |  | 05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | MD | Investment | Refinance - Cash-out - Other |  | B | B | B | B |  |  | A | A |  | N/A | No
12025041453 | XX | XX | XX |  | 34474406 | 12025041453-3831 | 05/16/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Guarantor does not have primary housing history. Lives rent free with parent. Lender exception in file. Compensating factors: FICO and DSCR. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 253.11 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 778 | SitusAMC SitusAMC | Reviewer Comment (2025-05-16): Waived with compensating factors per lender exception approval at origination. |  |  | 05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | MD | Investment | Refinance - Cash-out - Other |  | B | B | B | B |  |  | A | A |  | N/A | No
12025041419 | XX | XX | XX |  | 34474409 | 12025041419-3831 | 05/20/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender Exception request for borrower who lives rent free with a parent. Compensating Factors 1. FICO 40+ points over the minimum required score for the LTV requested. 2. DSCR of 1.15 or higher. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 278.59 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 778 | SitusAMC SitusAMC | Reviewer Comment (2025-05-19): Waived with compensating factors per lender exception approval at origination. |  |  | 05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | MD | Investment | Refinance - Cash-out - Other |  | B | B | B | B |  |  | A | A |  | N/A | No
12025040434 | XX | XX | XX |  | 34474411 | 12025040434-25749 | 05/22/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | HUD-1 is missing. |  |  |  | Reviewer Comment (2025-06-03): Cleared. Buyer Comment (2025-06-02): Please find final HUD-1 attached. Thank you. | 06/03/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025041300 | XX | XX | XX |  | 34474414 | 12025041300-6459 | 05/22/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-05-30): clear Buyer Comment (2025-05-28): Fraud | 05/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | IL | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025031108 | XX | XX | XX |  | 34474420 | 12025031108-4211 | 06/04/2025 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing |  | The file only contains the Schedule A of the Title Commitment. The title report is required. |  |  |  | Reviewer Comment (2025-06-17): clear Buyer Comment (2025-06-13): Title Policy attached Reviewer Comment (2025-06-09): Received same document as in original file. It is only page 1 of the title commitment. Please provide complete title commitment for review. Buyer Comment (2025-06-06): See attached showing coverage amount (this was included in the original upload of the file). | 06/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025031108 | XX | XX | XX |  | 34474421 | 12025031108-23933 | 06/04/2025 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. |  | The file only contains the Schedule A of the Title Commitment. The title report is required. |  |  |  | Reviewer Comment (2025-06-17): clear Reviewer Comment (2025-06-09): Received same one page document as in original file. Condition is asking for the complete/full title commitment for subject transaction as we only received page 1. Buyer Comment (2025-06-06): see attached **was included in original upload of file for review** | 06/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050315 | XX | XX | XX |  | 34474423 | 12025050315-25749 | 06/05/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | Final HUD/CD and closing statement documents are missing in file. |  |  |  | Reviewer Comment (2025-06-11): clear Buyer Comment (2025-06-09): Final | 06/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | DE | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050315 | XX | XX | XX |  | 34474425 | 12025050315-5205 | 06/05/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | OFAC was not provided for the borrowing entity. |  |  |  | Reviewer Comment (2025-06-10): Received Buyer Comment (2025-06-06): see attached fraud | 06/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | DE | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050315 | XX | XX | XX |  | 34474426 | 12025050315-2924 | 06/05/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | Full Fraud Report is required with OFAC for all parties. Red flags must be addressed. |  |  |  | Reviewer Comment (2025-06-10): Received Buyer Comment (2025-06-06): Fraud | 06/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | DE | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051051 | XX | XX | XX |  | 34474454 | 12025051051-25749 | 06/13/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | File is missing final signed and dated HUD-1/Settlement Statement. |  |  |  | Reviewer Comment (2025-07-08): clear Buyer Comment (2025-07-03): Please see attached Final SS | 07/08/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025041381 | XX | XX | XX |  | 34474462 | 12025041381-3831 | 06/13/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Mortgage is paid to private individual. 12 months of cancelled checks front and back or 12 months of bank statements are required to verify timely payments. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 6.97 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 763 | Originator,SitusAMC SitusAMC Originator,SitusAMC | Reviewer Comment (2025-07-17): Waived with compensating factors per lender exception approval received in trailing docs. Buyer Comment (2025-07-17): exception |  |  | 07/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025040873 | XX | XX | XX |  | 34474464 | 12025040873-23089 | 06/13/2025 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | Valuation Type: Appraisal / Valuation Report Date: 04/XX/2025 | Subject was listed for sale 1/XX/25 for $xx (MLS #XX). Listing is classified as withdrawn with an off-market date of 4/XX/25 and final list price of $XX Guidelines require a letter of explanation from borrower reason for the prior listing as well as proof that it was taken off the market. File is missing required documentation. |  |  |  | Reviewer Comment (2025-06-27): clear Buyer Comment (2025-06-25): loe Reviewer Comment (2025-06-18): App date is 04/XX/2025 and listing cancelled 04/XX/2025. LOE required per the memo. Buyer Comment (2025-06-16): Per credit memo, loe is not required. Loan was taken off market prior to the app date. Buyer Comment (2025-06-16): Credit memo | 06/27/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050132 | XX | XX | XX |  | 34474475 | 12025050132-4256 | 06/16/2025 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 681 is less than Guideline representative FICO score of 700. | Representative FICO score of 681 is less than Guideline representative FICO score of 700. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 34.26 Guideline Requirement: 2.00 | SitusAMC | Reviewer Comment (2025-06-19): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-06-17): exception |  |  | 06/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | PA | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025050132 | XX | XX | XX |  | 34474476 | 12025050132-3831 | 06/16/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Borrower lived rent-free until xx with someone other than spouse. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 34.26 Guideline Requirement: 2.00 | SitusAMC | Reviewer Comment (2025-06-19): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-06-17): see attached exception |  |  | 06/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | PA | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025050293 | XX | XX | XX |  | 34474479 | 12025050293-2924 | 06/16/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | Full Fraud Report missing, only Alerts Summary Section provided. |  |  |  | Reviewer Comment (2025-06-23): clear Buyer Comment (2025-06-20): Please find final clear fraud guard attached. Thank you. | 06/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Investment | Purchase |  | D | A | D | A |  |  | A | A |  | N/A | No
12025050293 | XX | XX | XX |  | 34474480 | 12025050293-4747 | 06/16/2025 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 |  | Estimated provided |  |  |  | Reviewer Comment (2025-06-23): clear Buyer Comment (2025-06-20): Attached is the Final SS | 06/23/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | AZ | Investment | Purchase |  | D | A | D | A |  |  | A | A |  | N/A | No
12025050293 | XX | XX | XX |  | 34474481 | 12025050293-23698 | 06/16/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX | Duplicate |  |  |  | Reviewer Comment (2025-06-23): clear Buyer Comment (2025-06-20): Please find final clear fraud guard attached. Thank you. | 06/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Investment | Purchase |  | D | A | D | A |  |  | A | A |  | N/A | No
12025040738 | XX | XX | XX |  | 34474483 | 12025040738-4513 | 06/16/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  | The file is missing the Article Organizations for the borrowing business entity and all sub-entities. |  |  |  | Reviewer Comment (2025-06-24): clear Reviewer Comment (2025-06-23): Need actual Articles of Organization. Cannot use the Cert of Good Standing for the Articles. Buyer Comment (2025-06-20): XX Buyer Comment (2025-06-20): XX Buyer Comment (2025-06-20): XX Buyer Comment (2025-06-20): XX Buyer Comment (2025-06-20): XX | 06/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040738 | XX | XX | XX |  | 34474484 | 12025040738-4062 | 06/16/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided |  | The file is missing the fully executed Corporate Resolution from all owners of the business entity and sub-entities to confirm the guarantor has sufficient signing authority. |  |  |  | Reviewer Comment (2025-06-23): clear Buyer Comment (2025-06-20): see attached signed operating agreement Reviewer Comment (2025-06-19): Signatures from 2 of the owners were not provided on the Operating Agreement. Buyer Comment (2025-06-18): Per operating agreement XX has authorization to sign | 06/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040738 | XX | XX | XX |  | 34474485 | 12025040738-5380 | 06/16/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | The file contains 2 different Operating Agreements for the borrowing business entity that are both dated 04//XX/2025 and have different ownership information. Documentation to verify which Operating Agreement is the correct one required. Operating Agreements to be fully executed. |  |  |  | Reviewer Comment (2025-06-23): cleared with 05/XX/2025 document. Buyer Comment (2025-06-20): see attached amended operating agreement dated 05/2025 | 06/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040738 | XX | XX | XX |  | 34474486 | 12025040738-3831 | 06/16/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide the Amended Operating Agreement for xx dated 05/XX/2025. |  |  |  | Reviewer Comment (2025-06-23): clear Buyer Comment (2025-06-20): Amended Reviewer Comment (2025-06-19): cleared in error. Reviewer Comment (2025-06-19): clear Reviewer Comment (2025-06-19): Not signed by all parties. Buyer Comment (2025-06-17): XX | 06/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040738 | XX | XX | XX |  | 34474487 | 12025040738-6459 | 06/16/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-06-19): clear Buyer Comment (2025-06-17): Fraud | 06/19/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025041715 | XX | XX | XX |  | 34474496 | 12025041715-4061 | 06/17/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Non-Owner Occupancy Declaration not provided |  | The Non-Owner Occupancy Certificate is not complete as Question 3A is missing the principal residence address. |  |  |  | Reviewer Comment (2025-06-20): Received completed NOO. Buyer Comment (2025-06-18): affadavit | 06/20/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025041715 | XX | XX | XX |  | 34474497 | 12025041715-6459 | 06/17/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX | There are open red flags on the Fraud Report. |  |  |  | Reviewer Comment (2025-06-20): Received fraud report with all red flags cleared. Buyer Comment (2025-06-18): fraud | 06/20/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050125 | XX | XX | XX |  | 34474499 | 12025050125-3831 | 06/17/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The credit application reflects the borrower lives rent free and is unmarried; therefore, borrower does not live with a spouse. The guidelines require underwriter discretion to allow borrower living with someone other than an spouse. The file does not contain the underwriter discretion documentation. |  |  |  | Reviewer Comment (2025-06-20): Received UW worksheet with UW discretion for borrower living rent free with someone other than spouse. Buyer Comment (2025-06-18): uw comments | 06/20/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | D | A | D | A |  |  | A | A |  | N/A | No
12025050125 | XX | XX | XX |  | 34474500 | 12025050125-2919 | 06/17/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | Provide OFAC for the borrowing entity. |  |  |  | Reviewer Comment (2025-06-20): Received Buyer Comment (2025-06-18): ofac | 06/20/2025 |  |  | 1 | C | A | C | A | C | A | C | A | D | A | xx | FL | Investment | Refinance - Cash-out - Other |  | D | A | D | A |  |  | A | A |  | N/A | No
12025050125 | XX | XX | XX |  | 34474501 | 12025050125-23089 | 06/17/2025 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | Valuation Type: Appraisal / Valuation Report Date: 05/XX/2025 | Property listed at time of application. Borrower to provide letter of explanation for the listing of the subject property. |  |  |  | Reviewer Comment (2025-06-20): Received borrower LOE Buyer Comment (2025-06-20): listing loe | 06/20/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | D | A | D | A |  |  | A | A |  | N/A | No
12025051541 | XX | XX | XX |  | 34474507 | 12025051541-23688 | 06/17/2025 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  |  |  |  |  | Reviewer Comment (2025-07-07): Replacement cost coverage in place. Buyer Comment (2025-07-02): Please see attached RCE .. The replacement cost is $710,926, which matches the Dwelling Buyer Comment (2025-07-02): Please see attached HOI. The Dwelling is $710,926 | 07/07/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040685 | XX | XX | XX |  | 34474521 | 12025040685-4513 | 06/17/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  | The file is missing the Articles of Organization for XX |  |  |  | Reviewer Comment (2025-06-24): clear Reviewer Comment (2025-06-20): Documents provided are not articles of organization. They are printouts from the state website showing the status of the entities. Please provide full articles of organization for each entity. XX | 06/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040685 | XX | XX | XX |  | 34474522 | 12025040685-3831 | 06/17/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The file is missing the fully executed Corporate Resolution from all owners of the business entity and sub-entities to confirm the guarantor has sufficient signing authority. |  |  |  | Reviewer Comment (2025-06-24): clear Buyer Comment (2025-06-24): Operating agreement states xx has full power and authority to sign on behalf of the company. Pg 1 of amended agreement. Buyer Comment (2025-06-24): amended operating agreement Reviewer Comment (2025-06-20): Please indicate which operating agreement and which section of the operating agreement grants our guarantor sole authority to sign for all entities. Buyer Comment (2025-06-18): Borrower has signing authority per operating agreement Buyer Comment (2025-06-18): Operating agreement | 06/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040685 | XX | XX | XX |  | 34474523 | 12025040685-5380 | 06/17/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided |  | Provide most recent amendment to the Operating Agreement for the borrowing entity. |  |  |  | Reviewer Comment (2025-06-24): clear Buyer Comment (2025-06-24): see attached operating agreement Reviewer Comment (2025-06-20): Document received does not indicate it is for our borrowing entity. Need amended operating agreement for XX Buyer Comment (2025-06-20): operating agreement Buyer Comment (2025-06-18): see attached | 06/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040685 | XX | XX | XX |  | 34474524 | 12025040685-6459 | 06/17/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-06-20): Updated fraud report with all red flags addressed received. Buyer Comment (2025-06-18): fraud | 06/20/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051194 | XX | XX | XX |  | 34474527 | 12025051194-6459 | 06/17/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-07-01): Please find attached the initial & final fraud guards. Thank you. | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | OR | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050159 | XX | XX | XX |  | 34474529 | 12025050159-25749 | 06/17/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | The full executed final HUD/Closing Statement is missing from the file. The file contains page 1 of a Closing Statement only. |  |  |  | Reviewer Comment (2025-07-01): clear Buyer Comment (2025-06-30): Please see attached Final SS | 07/01/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | MO | Investment | Refinance - Cash-out - Other |  | D | A | D | A |  |  | A | A |  | N/A | No
12025050159 | XX | XX | XX |  | 34474530 | 12025050159-2827 | 06/17/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided |  | The title reflects the property is currently vested in the borrowers' names plus a third party. The documentation indicates the third party is no longer going to be a vested party. A copy of the executed deed transferring the property from the third party to the borrowers is required. |  |  |  | Reviewer Comment (2025-07-01): clear Buyer Comment (2025-06-30): Please see attached QCD 2 Buyer Comment (2025-06-30): Please see attached QCD 1 | 07/01/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | MO | Investment | Refinance - Cash-out - Other |  | D | A | D | A |  |  | A | A |  | N/A | No
12025050721 | XX | XX | XX |  | 34474533 | 12025050721-3831 | 06/17/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | LOE in file disclosed that borrowers live rent free since xx with someone other than spouse. Unable to verify the previous 6 months' housing history. Please provide a letter of explanation disclosing that property was owned free & clear. |  |  |  | Reviewer Comment (2025-07-11): Previous housing history verified. Buyer Comment (2025-07-09): Please see email explanation & mtg history attached. Thank you. | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | MD | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050721 | XX | XX | XX |  | 34474534 | 12025050721-3831 | 07/11/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | LOE in file reflects our borrowers live rent free with someone other than a spouse and file does not contain a lender exception or UW discretion as to approving loan this way. |  |  |  | Reviewer Comment (2025-07-16): Cleared with UW comment on the 008 per the lender credit memo. Buyer Comment (2025-07-14): Final 1008 with Underwriter comments for rent free no loe attached. | 07/16/2025 |  |  | 1 |  | A |  | A |  | A |  | A |  | A | xx | MD | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050905 | XX | XX | XX |  | 34474548 | 12025050905-5205 | 06/18/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | Required for borrowing entity. |  |  |  | Reviewer Comment (2025-06-23): clear Buyer Comment (2025-06-20): ofac search | 06/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | SC | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050135 | XX | XX | XX |  | 34474549 | 12025050135-27835 | 06/18/2025 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Note Date: 06/XX/2025; Lien Position: 1 |  |  |  |  | Reviewer Comment (2025-07-17): Received CDA Buyer Comment (2025-07-15): Clear CDA attached. | 07/17/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | NY | Investment | Purchase |  | D | A | A | A |  |  | D | A |  | N/A | No
12025051520 | XX | XX | XX |  | 34474552 | 12025051520-25749 | 06/18/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | All copies provided are estimates. |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-07-01): 07/01-Please see attached FSS | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025032490 | XX | XX | XX |  | 34474553 | 12025032490-28330 | 06/18/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of $XX is less than Guideline minimum loan amount of $125,000.00. | Lender approved exception request to loan amount <$125,000 - Seeking allowance to go to $XXdue to low appraised value. Comp Factors: 1) Credit score >40 points than minimum required 2) >= 4 Addt'l Reserves and <= $1.0M ( business account from XX provided) 3) No consumer lates in last 24-months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 332.68 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 759 | SitusAMC SitusAMC | Reviewer Comment (2025-06-18): Waived with compensating factors per lender exception approval at origination. |  |  | 06/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | TX | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025032490 | XX | XX | XX |  | 34474555 | 12025032490-6459 | 06/18/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-07-08): clear Buyer Comment (2025-07-03): Please find clear fraud guard attached. Thank you. Reviewer Comment (2025-06-27): There is a red flag that was not addressed. Buyer Comment (2025-06-25): Please find cleared final fraud guard attached. Thank you. | 07/08/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025051409 | XX | XX | XX |  | 34474557 | 12025051409-3831 | 06/18/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception request due to borrower being 1x90x12 - 1x30x12 - no reduction in LTV and 0x60x12 - max 65% LTV. Comp Factors: (1) DSCR => 1.15 (2) Borrower's credit score is at least 40 points > min 640. (3) Borrower's mortgage history goes back to 2013. There was one other 1x30 in April 2020 (PIF 04/2021) No other late payments on the entire credit report. (4) Reserves of at least 6 months; 4 months > min 2. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 104.28 Guideline Requirement: 2.00 Guidelines Representative FICO: 640 Representative FICO: 764 | SitusAMC SitusAMC | Reviewer Comment (2025-06-18): Waived with compensating factors per lender exception approval at origination. |  |  | 06/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | FL | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025051409 | XX | XX | XX |  | 34474558 | 12025051409-3831 | 06/18/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide complete copy of the 1004/appraisal. The bottom of the pages are cut off and the information is not legible. Additional conditions may apply. |  |  |  | Reviewer Comment (2025-07-08): clear Buyer Comment (2025-07-03): Please find appraisal attached with pages not cut off. Thank you. | 07/08/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Rate/Term |  | C | B | C | B |  |  | A | A |  | N/A | No
12025032557 | XX | XX | XX |  | 34474563 | 12025032557-3831 | 06/19/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Please provide evidence of good standing in the State of Texas. |  |  |  | Reviewer Comment (2025-06-27): Cleared per lender credit memo. Buyer Comment (2025-06-25): credit memo is on pg 509 of your docs; trailing other Reviewer Comment (2025-06-24): Please provide memo. Buyer Comment (2025-06-20): Not required per credit memo Buyer Comment (2025-06-20): Credit memo | 06/27/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051551 | XX | XX | XX |  | 34474568 | 12025051551-6459 | 06/19/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-06-25): Fraud report with all red flags addressed/cleared received. Buyer Comment (2025-06-23): fraud | 06/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025031057 | XX | XX | XX |  | 34474581 | 12025031057-3831 | 07/01/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Per guidelines for inherited properties, the property must be vested in the borrower's name. Title commitment provided in file does not reflect property has been vested in our borrower's name. Warranty deed executed at closing was provided, transferring to our borrower's name. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 620 Representative FICO: 689 | Originator,SitusAMC | Reviewer Comment (2025-07-02): Waived with compensating factors at clients request. Buyer Comment (2025-07-01): Lender accepts. Please waive with available compensating factors |  |  | 07/02/2025 | 2 |  | B |  | B |  | B |  | B |  | B | xx | FL | Investment | Refinance - Rate/Term |  | A | B | A | B |  |  | A | A |  | N/A | No
12025050011 | XX | XX | XX |  | 34474584 | 12025050011-2919 | 06/20/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | VOM for subject property does not reflect date mortgage originated. Need corrected form to verify number of payments made. |  |  |  | Reviewer Comment (2025-06-25): clear Buyer Comment (2025-06-24): VOM | 06/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | D | A | xx | OH | Investment | Refinance - Cash-out - Other |  | D | A | D | A |  |  | A | A |  | N/A | No
12025050011 | XX | XX | XX |  | 34474585 | 12025050011-6459 | 06/20/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX | Red flags are not cleared on fraud report. |  |  |  | Reviewer Comment (2025-06-30): clear Buyer Comment (2025-06-26): Fraud Reviewer Comment (2025-06-25): There is 1 red flag that needs to be addressed. Buyer Comment (2025-06-23): fraud | 06/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | OH | Investment | Refinance - Cash-out - Other |  | D | A | D | A |  |  | A | A |  | N/A | No
12025042020 | XX | XX | XX |  | 34474588 | 12025042020-4513 | 06/23/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided |  | Articles of Organization missing in Loan File. |  |  |  | Reviewer Comment (2025-07-08): clear Buyer Comment (2025-07-03): Articles of Organization attached. Thank you. | 07/08/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | LA | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025040161 | XX | XX | XX |  | 34474594 | 12025040161-4245 | 06/23/2025 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 80.00000% exceeds Guideline loan to value percentage of 75.00000%. | Lender approved exception for LTV of 80% versus Max LTV 75% for cash out refinance. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700 Representative FICO: 773 | SitusAMC | Reviewer Comment (2025-06-23): Waived with compensating factors per lender exception approval at origination. |  |  | 06/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | NJ | Investment | Refinance - Cash-out - Other |  | B | B | B | B |  |  | A | A |  | N/A | No
12025042716 | XX | XX | XX |  | 34474597 | 12025042716-30930 | 06/23/2025 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $XX is less than the note amount of $XX based on the Commitment in file. | The Title Policy Amount of $XXis less than the note amount of $XX based on the Commitment in file. |  |  |  | Reviewer Comment (2025-06-26): clear Buyer Comment (2025-06-24): Final | 06/26/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | IL | Investment | Refinance - Cash-out - Other |  | B | B | B | B |  |  | A | A |  | N/A | No
12025042716 | XX | XX | XX |  | 34474598 | 12025042716-3831 | 06/23/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Exception allowed 80% LTV on Cash Out-Refinance. Compensating factor: DSCR is greater than 1.15 Credit score is 745 and no late payments in greater than 24 months. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700 Representative FICO: 745 | SitusAMC | Reviewer Comment (2025-06-23): Waived with compensating factors per lender exception approval at origination. |  |  | 06/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | IL | Investment | Refinance - Cash-out - Other |  | B | B | B | B |  |  | A | A |  | N/A | No
12025021334 | XX | XX | XX |  | 34474600 | 12025021334-3831 | 06/23/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Approval , 1008 states property is a 2 unit property but Appraisal 1025 page 1 shows its 3 unit property, Photos available in appraisal shows its a 2 unit property, Comparable rent schedule show unit breakdown of 2 units. |  |  |  | Buyer Comment (2025-07-07): please clear exception Reviewer Comment (2025-07-02): clear Buyer Comment (2025-06-30): appraisal is effective as of 03/XX/25 Reviewer Comment (2025-06-26): Cannot use a post closing appraisal to clear this. Buyer Comment (2025-06-26): appraisal | 07/09/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025021334 | XX | XX | XX |  | 34474601 | 12025021334-4264 | 06/23/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 1.25 is less than Guideline PITIA months reserves of 2.00. |  |  |  |  | Reviewer Comment (2025-07-14): Received evidence of access to funds letter from CPA Buyer Comment (2025-07-10): cpa letter | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025021334 | XX | XX | XX |  | 34474602 | 12025021334-3831 | 06/23/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | OFAC is missing for the borrowing entity. |  |  |  | Reviewer Comment (2025-06-26): clear Buyer Comment (2025-06-24): ofac search | 06/26/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025021334 | XX | XX | XX |  | 34474603 | 12025021334-28636 | 06/23/2025 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | Evidence of access to the business funds is required. |  |  |  | Reviewer Comment (2025-07-14): Received evidence of access to funds letter from CPA Buyer Comment (2025-07-10): see attached cpa letter | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051118 | XX | XX | XX |  | 34474604 | 12025051118-27835 | 06/24/2025 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Note Date: 06/XX/2025; Lien Position: 1 | Secondary valuation is missing in file. |  |  |  | Reviewer Comment (2025-07-07): clear Buyer Comment (2025-07-02): Clear CDA attached. Thank you. | 07/07/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | FL | Investment | Refinance - Cash-out - Other |  | D | B | C | B |  |  | D | A |  | N/A | No
12025051118 | XX | XX | XX |  | 34474606 | 12025051118-31588 | 06/24/2025 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date 06/XX/2025, Disbursement Date: 06/XX/2025 | The homeowner's insurance declarations page in the file verified an effective date of 06/XX/2025 which is after the consummation date of 06/XX/2025. Require a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |  | SitusAMC SitusAMC | Reviewer Comment (2025-07-15): Waived with compensating factors per lender request. Buyer Comment (2025-07-11): Insurance agent confirmed that there are no damage/claims. Please waive to a grade B Reviewer Comment (2025-07-10): Agent email unable to be used to clear this condition. If lender is accepting the HOI, they can request to waive, but we would not be able to clear. Buyer Comment (2025-07-08): Please see attached email from the insurance agent. |  |  | 07/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Investment | Refinance - Cash-out - Other |  | D | B | C | B |  |  | D | A |  | N/A | No
12025051118 | XX | XX | XX |  | 34474607 | 12025051118-5205 | 06/24/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | Missing OFAC for business entity. |  |  |  | Reviewer Comment (2025-07-07): clear Buyer Comment (2025-07-02): Please find clear ofac attached. | 07/07/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | D | B | C | B |  |  | D | A |  | N/A | No
12025050005 | XX | XX | XX |  | 34474612 | 12025050005-2799 | 06/24/2025 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided |  | Page 3 of the Note is not fully legible. Provide an updated copy of the Note with all pages legible. |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-07-01): Attached legible copy of all pages of note | 07/02/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A | xx | NJ | Investment | Refinance - Rate/Term |  | D | A | D | A |  |  | A | A |  | N/A | No
12025051164 | XX | XX | XX |  | 34474617 | 12025051164-3831 | 06/24/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | OFAC is missing for the borrowing entity. |  |  |  | Reviewer Comment (2025-06-30): clear Buyer Comment (2025-06-26): XX pg 119 | 06/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | MD | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051164 | XX | XX | XX |  | 34474618 | 12025051164-3831 | 06/24/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide verification that the 2nd lien paid off meets guideline requirments for paying off a second lien with rate term refinance. |  |  |  | Reviewer Comment (2025-06-30): clear Buyer Comment (2025-06-26): XX reports the lien as a closed end loan; per guidelines Any subordinate loan not used in the acquisition of the subject property provided one of the following apply:▪ Closed end loan | 06/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | MD | Investment | Refinance - Rate/Term |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050568 | XX | XX | XX |  | 34474620 | 12025050568-3831 | 06/24/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Please provide evidence that the CPA has no affiliation with the borrower or the business. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 11.83 Guideline Requirement: 2.00 | Originator,SitusAMC | Reviewer Comment (2025-07-02): Waived with compensating factors at clients request. Buyer Comment (2025-07-02): Lender accepts. Please waive with available compensating factors” Reviewer Comment (2025-07-02): Cannot use a post closing document to clear this. Buyer Comment (2025-06-30): cpa letter |  |  | 07/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Investment | Purchase |  | C | B | C | B |  |  | A | A |  | N/A | No
12025051163 | XX | XX | XX |  | 34474625 | 12025051163-25749 | 06/24/2025 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided |  | provide fully executed final HUD. Copy provided is an estimate. |  |  |  | Reviewer Comment (2025-06-30): clear Buyer Comment (2025-06-26): Final | 06/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | WA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051294 | XX | XX | XX |  | 34474634 | 12025051294-5205 | 06/25/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | Provide OFAC for the borrowing entity. |  |  |  | Reviewer Comment (2025-06-30): clear Buyer Comment (2025-06-26): ofac search | 06/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025030405 | XX | XX | XX |  | 34474636 | 12025030405-6459 | 06/27/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX, Credit Report: Original // Borrower: XX | There are red flags on the fraud report that have not been addressed. |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-06-30): fraud summary | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | IL | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025050748 | XX | XX | XX |  | 34474650 | 12025050748-31588 | 06/25/2025 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date 06/XX/2025, Disbursement Date: 06/XX/2025 | Hazard Insurance Policy Effective date 06/XX/2025 Start after the disbursement date 06/XX/2025. |  |  |  | Reviewer Comment (2025-07-09): clear Buyer Comment (2025-07-07): Please see attached HOI with updated effective date. | 07/09/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | OK | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
12025050748 | XX | XX | XX |  | 34474652 | 12025050748-4245 | 06/25/2025 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 75.69659% exceeds Guideline loan to value percentage of 75.00000%. | Calculated loan to value percentage of 75.69659% exceeds Guideline loan to value percentage of 75.00000%. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 700 Representative FICO: 798 | Originator Pre-Close,SitusAMC | Reviewer Comment (2025-07-07): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-07-02): Please find exception for ltv attached. Thank you. |  |  | 07/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | OK | Investment | Refinance - Cash-out - Other |  | C | B | C | B |  |  | A | A |  | N/A | No
32025050299 | XX | XX | XX |  | 34474654 | 32025050299-5205 | 06/26/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | OFAC was not provided for the borrowing entity. |  |  |  | Reviewer Comment (2025-07-01): clear Buyer Comment (2025-06-27): xx to include borrowing entity OFAC screening. | 07/01/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | MO | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
32025051249 | XX | XX | XX |  | 34474657 | 32025051249-5205 | 06/26/2025 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided |  | OFAC was not provided for the borrowing entity. |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-06-30): Fraud Report to include the OFAC screening for the borrowing entity. | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | MO | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025031560 | XX | XX | XX |  | 34474675 | 12025031560-4507 | 06/27/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided |  | Certificate of Good Standing is not within 90 days, as required by guidelines. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. |  | SitusAMC SitusAMC | Reviewer Comment (2025-07-17): Waived with compensating factors per lender request. Buyer Comment (2025-07-17): Lender accepts. Please waive with available compensating factors” |  |  | 07/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | NY | Investment | Purchase |  | C | B | C | B |  |  | A | A |  | N/A | No
12025031560 | XX | XX | XX |  | 34474676 | 12025031560-6459 | 06/27/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX |  |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-07-01): XX reports all high/medium alerts cleared | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NY | Investment | Purchase |  | C | B | C | B |  |  | A | A |  | N/A | No
12025051270 | XX | XX | XX |  | 34474682 | 12025051270-3831 | 06/30/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The credit application and letter of explanation reflects the borrower lives rent free with parents. The guidelines require underwriter discretion to allow borrower living with someone other than an spouse. The file does not contain the underwriter discretion documentation. |  |  |  | Reviewer Comment (2025-07-02): Cleared per lender credit memo. Buyer Comment (2025-07-01): 07/01-Please see the following attached LOE from UW explaining Rent Free | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Refinance - Cash-out - Other |  | C | A | C | A |  |  | A | A |  | N/A | No
12025051252 | XX | XX | XX |  | 34474684 | 12025051252-2919 | 07/01/2025 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided |  | Provide 12 month pay history for the primary residence or verify it is owned free and clear. |  |  |  | Reviewer Comment (2025-07-11): Received LOE from borrower and parent detailing they live rent free. Updated 1008 also received in trailing documents, detailing UW discretion to allow this living situation. Buyer Comment (2025-07-09): Please find attached underwriter 1008 with comments living rent free permitted with no loe per guidelines. Thank you. Reviewer Comment (2025-07-09): Provide letter form borrower explaining the living situation. Does he live rent free with a spouse? Buyer Comment (2025-07-07): Per 1003 - Borrower primary lives rent free see attached included with initial upload submission. Thanks so much. | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | D | A | xx | FL | Investment | Refinance - Cash-out - Other |  | D | A | D | A |  |  | A | A |  | N/A | No
12025051233 | XX | XX | XX |  | 34474696 | 12025051233-767 | 07/08/2025 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | Credit Report: Original // Public Record Type: Charge-offs / Balance: 9506.00 | Per guidelines, charge-offs greater than 24 months in excess of $2,500 must be paid. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. | Reserves: 171.08 Guideline Requirement: 2.00 Guidelines Representative FICO: 700 Representative FICO: 799 | Originator,SitusAMC Originator,SitusAMC | Reviewer Comment (2025-07-17): Waived with compensating factors per lender exception approval received in trailing docs. Buyer Comment (2025-07-15): exception |  |  | 07/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | CO | Investment | Refinance - Cash-out - Other |  | B | B | B | B |  |  | A | A |  | N/A | No
12025050506 | XX | XX | XX |  | 34474697 | 12025050506-846 | 07/09/2025 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Missing HO-6 policy, blanket hazard insurance policy provided does not contain unit interior coverage. |  | HO6 is not provided |  |  |  | Reviewer Comment (2025-07-14): Received HOI agent email stating walls in coverage included Buyer Comment (2025-07-10): walls in Buyer Comment (2025-07-10): email from agent | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | A | C | A |  |  | A | A |  | N/A | No
12025031220 | XX | XX | XX |  | 34474765 | 12025031220-23698 | 04/10/2025 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Credit Report: Original // Borrower: XX, Credit Report: Original // Borrower:XX | Fraud report not provided. |  |  |  | Reviewer Comment (2025-04-14): cleared Buyer Comment (2025-04-11): Fraud | 04/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Primary | Refinance - Cash-out - Other |  | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025031220 | XX | XX | XX |  | 34474767 | 12025031220-6336 | 04/10/2025 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | Texas Constitution Section 50(a)(6): Acceptable FNMA title insurance endorsements not obtained for home equity loan. Although the loan file contains the T-42 Endorsement, there is no evidence the Title Policy includes the Texas T-42.1 endorsement. (The loan is a Texas Section 50 (a)(6) home equity loan.) |  |  |  |  | Reviewer Comment (2025-04-18): Cleared with preliminary title and final closing statement. Reviewer Comment (2025-04-15): Will be reviewed with final title. Buyer Comment (2025-04-11): Please see attached Statement it will be provided in final policy. | 04/18/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | TX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025031220 | XX | XX | XX |  | 34474768 | 12025031220-6524 | 04/10/2025 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Itemization of Points and Fees Not Provided) | Texas Constitution Section 50(a)(6): Final Itemized disclosure of fees, points, costs and charges not provided to borrower at least one (1) business day prior to closing. |  |  |  |  | Reviewer Comment (2025-05-06): Cleared with signed CD. Buyer Comment (2025-05-05): Please see attached Reviewer Comment (2025-04-25): For this exception we need a CD, signed and dated or provide verification that it was sent to the borrower at least 1 business day prior to consummation and all of the fees need to match what's on the final CD in the file. Buyer Comment (2025-04-24): Please advise what you will need to clear this condition.03/xx CD signed copy will clear this exception? Reviewer Comment (2025-04-24): Fees on the 03/XX/2025 CD do not match the fees on the 03/XX/2025 CD. The CD needs to be signed or we need the E-Delivery disclosure. Buyer Comment (2025-04-22): Please see attached CD dated 03/xx. Reviewer Comment (2025-04-22): The file does not contain evidence the final itemized disclosure was provided to borrower at least 1 day prior to closing. Closing statement received in trailing docs is dated 3/XX/2025 and shows it was printed on 4/112025. All of the final CDs in file are dated and signed 3/XX/2025, which is the day of closing. Please provide the document you are referencing that shows an itemization of the final points, costs and charges were disclosed to borrower at least 1 business day prior to closing. Buyer Comment (2025-04-22): We provided the CD and 1003 to the borrower more than 1 day prior as required by the TX job aid - which was already sent over a What additional form are you requiring? please advise | 05/06/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025031220 | XX | XX | XX |  | 34474769 | 12025031220-767 | 04/10/2025 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | Credit Report: Original // Public Record Type: Judgments / Balance: 15688.91 | Unable to determine if judgment was released or satisfied. |  |  |  | Reviewer Comment (2025-04-14): cleared Buyer Comment (2025-04-11): Non Suit Final order | 04/14/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | TX | Primary | Refinance - Cash-out - Other |  | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025011233 | XX | XX | XX |  | 34474772 | 12025011233-36435 | 06/04/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Additional 3-Day Waiting Period Timing Test – Regular Transaction | TILA-RESPA Integrated Disclosure – Most recent Closing Disclosure received at least 3 days prior to closing dated 05/XX/2025 disclosed an inaccurate APR of 8.02800% compared to the actual APR at consummation of 8.25750% and a revised CD disclosing an accurate APR was not received by borrower at least three (3) business days prior to consummation. | 1026.19(f)(1)(i) and (ii) require that the consumer receives accurate disclosures with the actual terms of the transaction three (3) business days prior to consummation. If the APR disclosed on the initial CD becomes inaccurate as defined under 1026.22, revised disclosures with accurate APR must be disclosed and a new 3-day waiting period prior to consummation provided. The APR on the most recent CD received 3 days prior to consummation (8.028%) changed more than the 0.125% (regular transaction) threshold compared to the APR at consummation (8.26976%) and a revised disclosure with accurate APR was not received by the consumer at least 3 business days prior to consummation. |  |  |  | Reviewer Comment (2025-06-25): SitusAMC received proof of receipt. Buyer Comment (2025-06-24): Attached is signed xx CD by borrower. | 06/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | B | B | B | C | B | B | B | Exempt from ATR | Exempt from ATR | No
12025011233 | XX | XX | XX |  | 34474773 | 12025011233-30168 | 06/04/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure – Corrected Closing Disclosure provided on or after 05/XX/2025 contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation | Closing Disclosure provided on or after 05/XX/2025 contains a change in APR and a complete Closing Disclosure was not received by borrower at least three business days prior to consummation |  |  |  | Reviewer Comment (2025-06-25): SitusAMC received proof of receipt. | 06/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | AZ | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | B | B | B | C | B | B | B | Exempt from ATR | Exempt from ATR | No
12025011233 | XX | XX | XX |  | 34474774 | 12025011233-6542 | 06/04/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $225.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. (75103) | Appraisal Re-Inspection Fee Amount of $225.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. |  |  |  | Reviewer Comment (2025-07-08): SitusAMC received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-07-07): See attached all cure docs. Reviewer Comment (2025-06-23): SitusAMC received PCCD, however we also require LOE and true & certified copy of final settlement statement to verify fees charged at closing. Also, a valid Changed Circumstance for addition of fee on CD dated 05/21 or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-06-20): Attached is the Invoice the Appraisal review fee. Buyer Comment (2025-06-20): Attached find the PCCD updating the amount of the Appraisal Review Fee (Attaching invoice) to correct amount. This was paid to the vendor, not to xx. |  | 07/08/2025 |  | 2 | C | B | C | B | C | B | C | B | C | B | xx | AZ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | B | B | Exempt from ATR | Exempt from ATR | No
12025011233 | XX | XX | XX |  | 34474775 | 12025011233-4256 | 06/04/2025 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of 633 is less than Guideline representative FICO score of 640. | Lender exception was approved to allow FICO of 633 versus program minimum of 640. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has verified disposable income of at least $2500.00. | Loan to Value: 42.24138% Guideline Maximum Loan to Value: 70.00000% DTI: 11.09503% Guideline Maximum DTI: 50.00000% Reserves: 43.84 Guideline Requirement: 3.00 Documentation Type: 12mo Bank Statement Disposable Income: $33,999.12 | SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-06-03): Waived with compensating factors per lender exception approval at origination. |  |  | 06/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | AZ | Primary | Refinance - Cash-out - Other |  | C | B | B | B | C | B | B | B | Exempt from ATR | Exempt from ATR | No
12025011233 | XX | XX | XX |  | 34474776 | 12025011233-6278 | 06/04/2025 | Credit | Credit | Credit Documentation | Guideline | Aged document: Credit Report is more than 90 days prior to the note date. | Credit Report: Original // Borrower: XX | Lender exception was approved to allow 1-day extension on credit report expiration versus program requirement credit report good for 120 days. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has verified disposable income of at least $2500.00. | Loan to Value: 42.24138% Guideline Maximum Loan to Value: 70.00000% DTI: 11.09503% Guideline Maximum DTI: 50.00000% Reserves: 43.84 Guideline Requirement: 3.00 Documentation Type: 12mo Bank Statement Disposable Income: $33,999.12 | SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-06-03): Waived with compensating factors per lender exception approval at origination. |  |  | 06/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | AZ | Primary | Refinance - Cash-out - Other |  | C | B | B | B | C | B | B | B | Exempt from ATR | Exempt from ATR | No
12025011233 | XX | XX | XX |  | 34474777 | 12025011233-6498 | 06/04/2025 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | Valuation Type: Appraisal / Valuation Report Date: 12/XX/2024 | Lender approved exception to accept the appraisal transfer as-is without any revisions since the original appraiser is not cooperating to provide revisions. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has verified disposable income of at least $2500.00. | Loan to Value: 42.24138% Guideline Maximum Loan to Value: 70.00000% DTI: 11.09503% Guideline Maximum DTI: 50.00000% Reserves: 43.84 Guideline Requirement: 3.00 Documentation Type: 12mo Bank Statement Disposable Income: $33,999.12 | SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-06-03): Waived with compensating factors per lender exception approval at origination. |  |  | 06/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | AZ | Primary | Refinance - Cash-out - Other |  | C | B | B | B | C | B | B | B | Exempt from ATR | Exempt from ATR | No
12025051599 | XX | XX | XX |  | 34474780 | 12025051599-6542 | 06/12/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $1,065.00 exceeds tolerance of $950.00. Insufficient or no cure was provided to the borrower. (7506) | No valid Change of circumstance provided, nor evidence of cure in file. |  |  |  | Reviewer Comment (2025-07-07): SitusAMC received LOX for rebuttal comment with additional information for a valid changed circumstance. Buyer Comment (2025-07-02): Please see attached xx INITIAL LE with E-Consent Reviewer Comment (2025-06-27): SItusAMC received email log confirming the requirement of rush for appraisal but COC cannot be applied as e-consent was received on 05/xx and LEs are electronically signed on 05/xx and 05/xx. Please provide earliest e-consent so that COC can be applied. Buyer Comment (2025-06-25): Please see attached email. Reviewer Comment (2025-06-17): SitusAMC received COC dated 05/xx with reason for increase in fee is due to rush request. However, the reason provided is not sufficient as to why the rush was requested for appraisal. Please provide more information on rush request to validate the reason for increase or cure would be due to the borrower. Buyer Comment (2025-06-13): Please find attached COC. Thank You! | 07/07/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | WA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051599 | XX | XX | XX |  | 34474781 | 12025051599-27657 | 06/12/2025 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided |  | Provide February statement from the XXaccount ending with XX. |  |  |  | Reviewer Comment (2025-07-07): clear Buyer Comment (2025-07-02): Please see attached 401k statement for January - March 2025. which reflects withdrawal of $1,056,599.57 from 401(K) used to open XX The funds in account #XX are seasoned retirement assets. | 07/07/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | WA | Primary | Purchase |  | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025040917 | XX | XX | XX |  | 34474785 | 12025040917-6542 | 06/13/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Originator Compensation. Fee Amount of $11,712.00 exceeds tolerance of $10,980.00. Insufficient or no cure was provided to the borrower. (7326) | The Loan Originator Fee increased from $10,980.00 on the initial Loan Estimate to $11,712.00 on the Closing Disclosure dated 05/XX/2025 without a valid change of circumstance. Please note, the file did contain a change of circumstance; however, the change occurred on 05/XX/2025 which is not within 3 business days of the change. |  |  |  | Reviewer Comment (2025-06-17): SitusAMC received valid COC and CD dated 05/XX/2025 Buyer Comment (2025-06-16): Please see attached CD dated 5/12 for which COC dated 05/10 is available. | 06/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025040917 | XX | XX | XX |  | 34474786 | 12025040917-6542 | 06/13/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $250.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. (75103) | The Appraisal Re-Inspection Fee increased from $0.00 on the initial Loan Estimate to $250.00 on the Closing Disclosure dated 05/XX/2025 without a valid change of circumstance. Please note, the file did contain a change of circumstance dated 05/XX/2025; however, the appraisal report effective date is 12/XX/2024 and would have expired on 04/XX/2025. Adding the re-inspection fee on 05/XX/2025 is more than the allowed 3 business days after the change. |  |  |  | Reviewer Comment (2025-06-17): SitusAMC received valid COC and CD dated 05/XX/2025 Buyer Comment (2025-06-16): The Appraisal Re-Inspection Fee increased from $0.00 on the initial Loan Estimate to $250.00 on the Closing Disclosure dated 05/XX/2025 and not 05/XX/2025. | 06/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025042186 | XX | XX | XX |  | 34474788 | 12025042186-6582 | 06/13/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $171.00 exceeds tolerance of $0.00 plus 10% or $0.00. Sufficient or excess cure was provided to the borrower at Closing. (0) | Valid change of circumstance or sufficient cure is missing. |  |  |  | Reviewer Comment (2025-06-10): Sufficient Cure Provided At Closing |  | 06/10/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | TX | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025042529 | XX | XX | XX |  | 34474811 | 12025042529-28640 | 06/16/2025 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided |  | The borrower received a gift of $14,000 that was provided directly tot he closing agent per the Closing Disclosure. The guidelines require documentation to verify the donor gave the closing agent the gift funds in the form of a certified check, a cashier’s check, or other official check (e.g., wire confirmation), which was not provided in the file. |  |  |  | Reviewer Comment (2025-06-18): Clear Buyer Comment (2025-06-17): Gift wire for $14,000 + $15,600=$29,600 Buyer Comment (2025-06-17): gift wire | 06/18/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | NC | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025042529 | XX | XX | XX |  | 34474812 | 12025042529-3831 | 06/16/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception at origination to allow the borrower living rent free with other than spouse. Compensating factors noted: Length of employment - borrower has been self-employed for over 9 years in the same position/industry; DTI is at least 10 percentage points <max 45%; Reserves of at least 7 months - 4 months > min 3 (Reserves may not be gift funds). | The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has verified disposable income of at least $2500.00. | DTI: 34.17161% Guideline Maximum DTI: 45.00000% Reserves: 15.58 Guideline Requirement: 3.00 Documentation Type: 12mo Bank Statement Disposable Income: $2,556.88 | SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-06-16): Waived with compensating factors per lender exception approval at origination. |  |  | 06/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | NC | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025042529 | XX | XX | XX |  | 34474813 | 12025042529-562 | 06/16/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Own/Rent was not provided |  | The final application reflects the borrower rents their primary residence for $1,400 per month; however, the file contains a letter of explanation that the borrower lives rent free. The application should reflect No primary housing expense. |  |  |  | Reviewer Comment (2025-06-26): clear Buyer Comment (2025-06-24): certificate Buyer Comment (2025-06-24): 1003 | 06/26/2025 |  |  | 1 | B | A | B | A | B | A | B | A | B | A | xx | NC | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025030971 | XX | XX | XX |  | 34474818 | 12025030971-4961 | 06/17/2025 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided |  | The guidelines require housing history for the most recent 12 months for the primary residence. The file contains a Closing Disclosure for a recent refinance on the primary residence that indicates a private mortgage was paid off. The file does not contain the required documentation to verify the 12 months of housing history to include a fully executed VOM together with either bank statements showing account ownership and timely payments debited by mortgage servicer, or canceled checks front and back along with the most recent mortgage statement. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Documentation Type: 12mo Bank Statement Disposable Income: $21,767.21 Reserves: 46.58 Guideline Requirement: 3.00 DTI: 24.61588% Guideline Maximum DTI: 50.00000% | SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-08-07): Waived with compensating factors per lender exception approval. Buyer Comment (2025-08-06): Please find exception attached. Thank you. |  |  | 08/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Investment | Refinance - Rate/Term |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025050886 | XX | XX | XX |  | 34474833 | 12025050886-29618 | 06/18/2025 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. |  | The file is missing 6 months of mortgage history. Payment history provided for the most recent 6 months. |  |  |  | Reviewer Comment (2025-06-24): clear Buyer Comment (2025-06-20): XX May 2025 payment Buyer Comment (2025-06-20): XX mtg statements | 06/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Refinance - Cash-out - Other |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025050886 | XX | XX | XX |  | 34474834 | 12025050886-3831 | 06/18/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to use the combination of (2) P&L statements for documentation purposes rather than obtaining a new P&L. Initial P&L provided covers time period 01/2024 to 12/2024, and an updated P&L covers time period 01/2025 to 04/2025. | Borrower has verified disposable income of at least $2500.00. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Documentation Type: 12mo CPA P&L Disposable Income: $19,175.06 Loan to Value: 40.00000% Guideline Maximum Loan to Value: 70.00000% DTI: 16.58622% Guideline Maximum DTI: 50.00000% | SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-06-18): Waived with compensating factors per lender exception approval at origination. |  |  | 06/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | CA | Primary | Refinance - Cash-out - Other |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051189 | XX | XX | XX |  | 34474838 | 12025051189-6582 | 06/18/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $138.75 exceeds tolerance of $126.00 plus 10% or $138.60. Sufficient or excess cure was provided to the borrower at Closing. (0) |  |  |  |  | Reviewer Comment (2025-06-13): Sufficient Cure Provided At Closing |  | 06/13/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | NV | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051189 | XX | XX | XX |  | 34474840 | 12025051189-3831 | 06/18/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Appraisal not completed by an Appraisal Management Company. Lender exception in file. Compensating factors: DTI, residual income, credit score. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly mortgage payment has decreased by at least 20%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Documentation Type: 12mo Bank Statement Disposable Income: $89,818.68 Prior Housing Expense: $15,238.70 Proposed Housing Expense: $8,758.23 Reserves: 14.09 Guideline Requirement: 6.00 DTI: 28.14926% Guideline Maximum DTI: 50.00000% | Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC | Reviewer Comment (2025-06-18): Waived with compensating factors per lender exception approval at origination. |  |  | 06/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | NV | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051189 | XX | XX | XX |  | 34474841 | 12025051189-3831 | 06/18/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide evidence there is no affiliation between the CPA, borrower and borrowers business. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly mortgage payment has decreased by at least 20%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Documentation Type: 12mo Bank Statement Disposable Income: $89,818.68 Prior Housing Expense: $15,238.70 Proposed Housing Expense: $8,758.23 Reserves: 14.09 Guideline Requirement: 6.00 DTI: 28.14926% Guideline Maximum DTI: 50.00000% | Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC | Reviewer Comment (2025-07-02): Waived with compensating factors at clients request. Buyer Comment (2025-07-02): Please waive. Thank you. Reviewer Comment (2025-07-02): Unable to use a post closing document to clear the exception. Buyer Comment (2025-07-01): CPA letter |  |  | 07/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | NV | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025031752 | XX | XX | XX |  | 34474845 | 12025031752-6583 | 06/19/2025 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $875.00 exceeds tolerance of $850.00. Sufficient or excess cure was provided to the borrower at Closing. (7506) |  |  |  |  | Reviewer Comment (2025-06-13): Sufficient Cure Provided At Closing |  | 06/13/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A | xx | MT | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025031752 | XX | XX | XX |  | 34474846 | 12025031752-29187 | 06/19/2025 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account date is more than 90 days prior to Closing. | Financial Institution: XX // Account Type: Savings / Account Number: XX | XX statements are over 90 days old at closing. Provide March and April statements to have most recent 30 days of statements.. |  |  |  | Reviewer Comment (2025-06-23): Clear. Buyer Comment (2025-06-20): Not using for reserves; Borrower has sufficient funds from Cash out proceeds. | 06/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | MT | Primary | Refinance - Cash-out - Other |  | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025031752 | XX | XX | XX |  | 34474847 | 12025031752-27657 | 06/19/2025 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided |  | Provide most recent statement from XX dated within 30 days of the Note date. |  |  |  | Reviewer Comment (2025-06-23): clear Buyer Comment (2025-06-20): Not using for reserves; Borrower has sufficient funds from Cash out proceeds. | 06/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | MT | Primary | Refinance - Cash-out - Other |  | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051873 | XX | XX | XX |  | 34474895 | 12025051873-30939 | 06/25/2025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered Yes. Unable to determine qualification without this information. | Borrower: XX | 1003 section 5a. D.1. indicates the borrower has additional mortgages in process that are not disclosed on 1003. |  |  |  | Reviewer Comment (2025-07-14): Corrected 1003 received in trailing docs Buyer Comment (2025-07-10): summary Reviewer Comment (2025-07-09): Provide verification that the updated 1003 was provided to the borrower for digital signature. Buyer Comment (2025-07-07): summary Buyer Comment (2025-07-07): 1003 | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051873 | XX | XX | XX |  | 34474896 | 12025051873-2839 | 06/25/2025 | Credit | Asset | Asset Documentation | Asset | Missing Document: Gift Letter not provided |  | Gift letter not provided $XX |  |  |  | Reviewer Comment (2025-07-14): Received dated gift letter Buyer Comment (2025-07-11): gift letter Reviewer Comment (2025-07-07): Gift letter is required to be dated. Buyer Comment (2025-07-02): gift letter | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051873 | XX | XX | XX |  | 34474897 | 12025051873-29640 | 06/25/2025 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. |  | Gift letter not provided XX |  |  |  | Reviewer Comment (2025-07-14): Received dated gift letter Buyer Comment (2025-07-11): see attached gift letter Reviewer Comment (2025-07-07): Gift letter is required to be dated. Buyer Comment (2025-07-02): see attached gift letter | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051873 | XX | XX | XX |  | 34474898 | 12025051873-29639 | 06/25/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | Verification of employment not provided in file for co-borrower wage income. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |  | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-07-14): Waived with compensating factors per lender direction they are accepting VVOE provided. Buyer Comment (2025-07-11): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-09): VVOE does not verify the borrower is still/currently employed and it is dated more than 10 days from Note date. Buyer Comment (2025-07-07): VVOE |  |  | 07/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | CA | Primary | Purchase |  | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051873 | XX | XX | XX |  | 34474899 | 12025051873-29644 | 06/25/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | Borrower: XX // Employment Type: Employment / Income Type: Wages / Start Date: 08/XX/2019 | Verification of employment not provided in file for co-borrower wage income. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |  | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-07-14): Waived with compensating factors per lender direction they are accepting VVOE provided. Buyer Comment (2025-07-11): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-07-09): VVOE does not verify the borrower is still/currently employed and it is dated more than 10 days from Note date. Buyer Comment (2025-07-07): see attached VVOE |  |  | 07/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | CA | Primary | Purchase |  | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051873 | XX | XX | XX |  | 34474900 | 12025051873-34957 | 06/25/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-12,110.00 exceeds tolerance of $-15,570.00. Insufficient or no cure was provided to the borrower. (9300) | Lender Credits reduced in final closing disclosure. No Valid change circumstance in file. |  |  |  | Reviewer Comment (2025-07-10): SitusAMC received COC dated 06/05. Buyer Comment (2025-07-08): Please see attached COC and CD | 07/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051873 | XX | XX | XX |  | 34474902 | 12025051873-23086 | 06/25/2025 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $197,755.53 is less than Cash From Borrower $385,379.00. | Available for Closing is insufficient to cover Cash from Borrower. The file is missing the gift letter to verify donor's information. |  |  |  | Reviewer Comment (2025-07-14): Dated gift letter received, reflecting sufficient assets for transaction Buyer Comment (2025-07-11): see attached gift letter Reviewer Comment (2025-07-07): Gift letter is required to be dated. Buyer Comment (2025-07-02): see attached gift letter | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051873 | XX | XX | XX |  | 34474903 | 12025051873-4264 | 06/25/2025 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Available for reserves is insufficient. The file is missing the gift letter to verify donor's information. |  |  |  | Reviewer Comment (2025-07-14): Dated gift letter received, reflecting sufficient assets for transaction Buyer Comment (2025-07-11): see attached gift letter Reviewer Comment (2025-07-07): Gift letter is required to be dated. Buyer Comment (2025-07-02): see attached gift letter | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051873 | XX | XX | XX |  | 34474904 | 12025051873-28648 | 06/25/2025 | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided |  |  |  |  |  | Reviewer Comment (2025-07-07): clear Buyer Comment (2025-07-02): see attached gift letter Reviewer Comment (2025-06-30): Provide copy of gift letter. Buyer Comment (2025-06-26): wire | 07/07/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Primary | Purchase |  | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051992 | XX | XX | XX |  | 34474906 | 12025051992-3831 | 06/24/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | CPA to confirm that they have no association/affiliation with the borrowers and/or the borrowers business. |  |  |  | Reviewer Comment (2025-06-30): clear Buyer Comment (2025-06-26): cpa letter | 06/30/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Investment | Purchase |  | C | A | C | A | A | A | A | A | Exempt from ATR | N/A | No
12025050955 | XX | XX | XX |  | 34474919 | 12025050955-5404 | 06/27/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XX Third Party Verification | The file is missing third party verification for XX Tax Services. |  |  |  | Reviewer Comment (2025-07-16): Received PITIN evidence. Buyer Comment (2025-07-14): CTEC Reviewer Comment (2025-07-11): Please provide evidence of PTIN license for individual who completed third party verification letters. Buyer Comment (2025-07-09): cpa letter | 07/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025050955 | XX | XX | XX |  | 34474921 | 12025050955-3831 | 06/27/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The Non-Owner Occupancy Declaration is incomplete as Section 4A is missing the principal residence address. |  |  |  | Reviewer Comment (2025-07-11): Received Buyer Comment (2025-07-09): Non-Owner | 07/11/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025050955 | XX | XX | XX |  | 34474922 | 12025050955-3831 | 06/27/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The file is missing the final HUD-1. Copy in file is an estimate. |  |  |  | Reviewer Comment (2025-07-16): Received final closing statement Buyer Comment (2025-07-14): Final | 07/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025050955 | XX | XX | XX |  | 34474923 | 12025050955-3831 | 06/27/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception to proceed with a duplex that has an ADU. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. | Documentation Type: 12mo Bank Statement Disposable Income: $10,845.80 Reserves: 36.99 Guideline Requirement: 3.00 DTI: 34.27752% Guideline Maximum DTI: 50.00000% Guidelines Representative FICO: 700 Representative FICO: 802 | Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC | Reviewer Comment (2025-06-27): Waived with compensating factors per lender exception approval at origination. Reviewer Comment (2025-06-27): Will be waived upon receipt of the approval for a duplex with ADU from the county is received. Required per lender exception. per lender exception. |  |  | 06/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | CA | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025050955 | XX | XX | XX |  | 34474924 | 12025050955-25838 | 06/27/2025 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: XX Insurance Verification, Statement | The file is missing mortgage statement, insurance and tax verifications for the XX property. |  |  |  | Reviewer Comment (2025-07-16): Received Buyer Comment (2025-07-14): tax cert Buyer Comment (2025-07-14): Ins dec page Buyer Comment (2025-07-14): mtg statement | 07/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025050955 | XX | XX | XX |  | 34474925 | 12025050955-29639 | 06/27/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The file is missing third party income verification for XX |  |  |  | Reviewer Comment (2025-07-16): Evidence of PITIN and missing REO docs received in trailing docs. Buyer Comment (2025-07-14): see attached Reviewer Comment (2025-07-11): Please provide evidence of PTIN license for individual who completed third party verification letters. Buyer Comment (2025-07-09): see attached | 07/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | CA | Investment | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | N/A | No
12025051453 | XX | XX | XX |  | 34474929 | 12025051453-6459 | 06/26/2025 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | Credit Report: Original // Borrower: XX | There are red flags on the fraud report that have not been addressed. |  |  |  | Reviewer Comment (2025-07-02): clear Buyer Comment (2025-07-01): Please find initial & final fraud guard attached. Thank you. | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Refinance - Rate/Term |  | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025032287 | XX | XX | XX |  | 34474931 | 12025032287-34957 | 06/30/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-5,005.00 exceeds tolerance of $-7,865.00. Insufficient or no cure was provided to the borrower. (9300) | Changed Circumstance already provided dated 06/XX/2025 #XX for Lender Credit |  |  |  | Reviewer Comment (2025-07-08): SitusAMC received a valid COC. Buyer Comment (2025-07-03): 07/03-Please see attached Rate Lock. The 06/xx COC form shows that the CDFI was removed, resulting in the lender decrease Reviewer Comment (2025-07-03): SitusAMC received COC dated 06/XX/2024. But is does not give sufficient information on why the lender credit decreased. Please provide information as to what changed circumstance occurred (as defined under 1026.19(e)(4)(A)-(F) that resulted in the pricing changed. Provide additional information to support a pricing change for the lender credit decrease or cure would be due. Buyer Comment (2025-07-02): Please see the attached COC, CD, Lock Confirmation and EOR Reviewer Comment (2025-07-02): SitusAMC received rebuttal comment that cure was provided on final CD however, there is not cure on CD. The lender credit was decreased from $7865 (baseline) to $5005 on CD dated 06/13. The COC dated 06/12 in file does not have sufficient information as to why lender credit was decreased. Please provide more information to validate the change or cure would be due to borrower. Buyer Comment (2025-07-01): 07/01-Please see attached Final CD reflecting Section J cure-no additional cure required | 07/08/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025032287 | XX | XX | XX |  | 34474934 | 12025032287-3831 | 06/30/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Please provide evidence that the CPA has no affiliation with the borrower or the business. |  |  |  | Reviewer Comment (2025-07-08): Cleared. Reviewer Comment (2025-07-07): The verbiage states no contractual relationship. It does not verify no personal affiliation between the 2 parties. Buyer Comment (2025-07-02): Please see attached referencing the following section of the CPA letter provided during initial upload stating no relationship | 07/08/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Primary | Purchase |  | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No
12025060359 | XX | XX | XX |  | 34474956 | 12025060359-3831 | 07/02/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender approved exception for borrowers (married) living rent-free with Borrower 2's mother since 02/XX/2024. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has verified disposable income of at least $2500.00. | Reserves: 26.41 Guideline Requirement: 6.00 Documentation Type: 12mo Bank Statement Disposable Income: $11,856.22 | Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC | Reviewer Comment (2025-07-02): Waived with compensating factors per lender exception approval at origination. |  |  | 07/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | xx | CA | Primary | Purchase |  | B | B | B | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025050377 | XX | XX | XX |  | 34474959 | 12025050377-5404 | 07/02/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower: XX Third Party Verification | The file is missing the lease agreement to verify the rental income. Also the file is missing third party verification of employment within (20) business days of the Note date. |  |  |  | Reviewer Comment (2025-07-10): Received third party verification and lease agreement for additional REO. Buyer Comment (2025-07-08): SOS Buyer Comment (2025-07-08): Final VVOE Buyer Comment (2025-07-08): lease | 07/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025050377 | XX | XX | XX |  | 34474960 | 12025050377-3831 | 07/02/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Please provide evidence that the CPA has no affiliation with the borrower or the business. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |  | SitusAMC SitusAMC SitusAMC SitusAMC | Reviewer Comment (2025-07-16): Waived with compensating factors per lender request. Buyer Comment (2025-07-14): yes please waive due to post-dated Reviewer Comment (2025-07-14): Document provided is dated post-consummation. Please confirm that you are asking for this to be waived, as there is comments asking to waive and then comments stating CPA letter provided. Buyer Comment (2025-07-14): revised cpa letter Buyer Comment (2025-07-10): Lender accepts. Please waive with available compensating factors |  |  | 07/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025050377 | XX | XX | XX |  | 34474961 | 12025050377-29639 | 07/02/2025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. |  | The file is missing the lease agreement to verify the rental income. Also the file is missing third party verification of employment within (20) business days of the Note date. |  |  |  | Reviewer Comment (2025-07-10): Received third party verification and lease agreement for additional REO. Buyer Comment (2025-07-08): see attached docs | 07/10/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Purchase |  | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No
12025051221 | XX | XX | XX |  | 34474964 | 12025051221-25838 | 07/03/2025 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Address: 1XX Statement Statement | Mortgage statements are missing for mentioned properties address. |  |  |  | Reviewer Comment (2025-07-16): All required REO documents received Buyer Comment (2025-07-14): tax XX Buyer Comment (2025-07-14): XX Buyer Comment (2025-07-14): XXVOM Buyer Comment (2025-07-14): XX was purchased after our note date Buyer Comment (2025-07-14): XX was purchased after our note date. Reviewer Comment (2025-07-11):XXproeprty is cleared. We need documentation dated prior to closing for the remaining properties. Buyer Comment (2025-07-09): XX loan has not closed yet Buyer Comment (2025-07-09): XX Buyer Comment (2025-07-09): XX Buyer Comment (2025-07-09): XX | 07/16/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Investment | Purchase |  | C | A | C | A | A | A | A | A | Exempt from ATR | N/A | No
12025052369 | XX | XX | XX |  | 34475000 | 12025052369-4433 | 07/08/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on 06/XX/2025 incorrectly disclosed whether the loan will have an escrow account. (Final/XX/17/2025) | Reason to not have escrow box is unchecked on final closing disclosure. |  |  |  | Reviewer Comment (2025-07-17): SitusAMC received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2025-07-16): PFA LOE Reviewer Comment (2025-07-15): Situsamc Received Corrected PCCD ; however, LOE not received. Please provide LOE showing the changes made on PCCD. Buyer Comment (2025-07-14): PFA updated PC-CD, and we already have Impound Auth Sign form Reviewer Comment (2025-07-11): SitusAMC received CD dated 6/XX/2025 with the correction. However, we would require correction to be made on Post CD along with LOX in order to cure the exception. Buyer Comment (2025-07-11): PFA Impound Auth form signed Buyer Comment (2025-07-10): Please see attached PC-CD, with Reason |  | 07/17/2025 |  | 2 | C | B | C | B | C | B | C | B | C | B | xx | FL | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025052369 | XX | XX | XX |  | 34475001 | 12025052369-3831 | 07/08/2025 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Provide evidence the CPA is duly licensed. |  |  |  | Reviewer Comment (2025-07-14): Received evidence CPA license (CTEC) Buyer Comment (2025-07-10): CTEC | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | FL | Primary | Refinance - Cash-out - Other |  | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No
12025050600 | XX | XX | XX |  | 34475028 | 12025050600-7038 | 07/14/2025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XX/24/2025) | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. |  |  |  | Reviewer Comment (2025-07-17): SitusAMC received signed CD dated 06/XX/2025 Buyer Comment (2025-07-16): Please see attached signed CD dated 06/24 Reviewer Comment (2025-07-16): SitusAMC received document, however it doesn't provide information when the borrower received the CD. Please provide the CD issued to borrower 3 days prior to consummation for review. Buyer Comment (2025-07-15): Please see attached audit history of CD dated 06/24 | 07/17/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A | xx | TX | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No