EX-99.3 19 ea025949101_ex99-3sch5.htm SCHEDULE 5 - EXCEPTION REPORT

Exhibit 99.3 Schedule 5

| Exception Detail
| Run Date - 09/25/2025 1:47:30 PM
ASF Loan Number | Evolve Loan ID | Customer Loan ID | Seller Loan ID | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | Exception | Exception Detail | Exception Information | Exception Remediation | Compensating Factors | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | Exception Level Rating | Note Date | Property State | Occupancy | Purpose | 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
400093763 | XX | XX | XX | 7122148 | 330 | 12/10/2024 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Loan approval missing from file. | received final approval |  |  | 12/10/2024 |  |  | A | 1 | 11/XX/2024 | GA | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025021662 | XX | XX | XX | 7134853 | 272 | 03/24/2025 | Valuation | UW Collateral |  | UW Collateral - UW - Appraisal Other |  | Missing comments from the appraiser on whether the security bars on the windows of the subject property are equipped with safety release latches | Revised appraisers' comments: Since the subject includes at least 3 unobstructed exits, safety releases are not needed |  | Client 04/21/2025 05:19 PM; Do we have any options on this condition, can it be waived? Borrower is being non-responsive to our request to inspect the bars. Reviewer 04/22/2025 10:48 AM; Since it may be a safety issue (fire hazard) need an addendum or a completed 1004D with a new appraiser, commenting on the bars. Thx Client 05/06/2025 05:43 PM; If we cannot obtain clarification or if the bars do not have safety releases, are there any other options? Client 05/06/2025 05:48 PM; Disregard my request submitted today, as I see from 4021 your response. Sorry about that. Reviewer 05/07/2025 07:52 AM; Reviewer 05/07/2025 07:53 AM; Reviewer 05/07/2025 09:58 AM; Thank you! Reviewer 05/07/2025 09:58 AM; Thank you! | 05/19/2025 |  |  | A | 1 | 03/XX/2025 | DC | 3 | 1 | C | A | A | A | N/A | N/A | C | A |  | Exempt | 1
12025041152 | XX | XX | XX | 7142639 | 187 | 06/01/2025 | Credit | Flood Certificate |  | Flood Certificate - is missing. |  | Flood Cert is missing from file. | Document provided |  |  | 06/10/2025 |  |  | A | 1 | 05/XX/2025 | TX | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025041152 | XX | XX | XX | 7142640 | 201 | 06/01/2025 | Credit | Hazard Insurance |  | Hazard Insurance - is missing. |  | The hazard policy is missing from file. | Document provided |  |  | 06/10/2025 |  |  | A | 1 | 05/XX/2025 | TX | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025041152 | XX | XX | XX | 7142794 | 851 | 06/03/2025 | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Exception approval required for a loan amount below the guidelines limit of $125,000. (Actual is $xx) |  | Approval granted for a loan amount below the guidelines limit of $125,000. (Actual is $1XX). Compensating factors are 1) Credit score is at least 40 points over the 700 minimum 2) DSCR is over 1.15 3) Reserves from the borrower's own funds are at least 4 months PITI. |  |  |  | 06/03/2025 | B | 2 | 05/XX/2025 | TX | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025041152 | XX | XX | XX | 7142796 | 330 | 06/03/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Missing Certificate of Good Standing for XX | Internet search provided |  | Client 06/10/2025 12:11 PM; Please see uploaded document dated prior to closing used in place of the cert of good standing as it reflects the same information. Thank you so much. Reviewer 06/10/2025 01:47 PM; Condition has been reviewed. Thx | 06/10/2025 |  |  | A | 1 | 05/XX/2025 | TX | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025041152 | XX | XX | XX | 7142797 | 330 | 06/03/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Personal Guaranty must reflect the correct loan amount. | The loan amount does not reflect on the Personal Guaranty. Just the subject address |  | Client 06/09/2025 06:24 PM; The loan amount does not reflect on the Personal Guaranty. Please advise if you can clear, thank you! Reviewer 06/10/2025 08:03 AM; Condition has been reviewed. Thx | 06/10/2025 |  |  | A | 1 | 05/XX/2025 | TX | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025041159 | XX | XX | XX | 7142769 | 330 | 06/03/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Missing Certificate of Good Standing for XX | Internet search provided |  | Client 06/10/2025 12:17 PM; Please accept document dated prior to closing used for cert of good standing as it reflects the same information. Thank you. Reviewer 06/10/2025 03:21 PM; Condition has been reviewed. Thx | 06/10/2025 |  |  | A | 1 | 05/XX/2025 | TX | 3 | 13 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025042509 | XX | XX | XX | 7142881 | 72 | 06/04/2025 | Credit | Closing Package |  | Closing Package - |  | Final Closing Disclosure is missing from file. | Information provided |  |  | 06/11/2025 |  |  | A | 1 | 05/XX/2025 | NJ | 3 | 13 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025042509 | XX | XX | XX | 7143026 | 1055 | 06/04/2025 | Credit | Missing Images |  | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation |  | The final CD is missing from the loan file. The credit review is on hold until documents are received. | Received |  |  | 06/11/2025 |  |  | A | 1 | 05/XX/2025 | NJ | 3 | 13 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025042604 | XX | XX | XX | 7143526 | 851 | 06/11/2025 | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Exception required for Borrower living rent free with someone other than a spouse. Borrower lives with daughter. |  | Exception approval received/ Comp Factors - 26 months reserves, fico 778 |  |  |  | 06/15/2025 | B | 2 | 05/XX/2025 | FL | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025051025 | XX | XX | XX | 7143516 | 350 | 06/11/2025 | Credit | UW Qualifications |  | UW Qualifications - UW - LTV/CLTV does not meet parameters |  | Max LTV 70% for loan program. Loan approved at 75% LTV. |  | Compensating Factors: Experienced investor with fraud guard report confirming 5+ years 19 experience; Borrower FICO (734) is 34 points above minimum (700) with no late payments ever; At least 3 tradelines > 5 years. |  |  |  | 06/11/2025 | B | 2 | 05/XX/2025 | NY | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025051025 | XX | XX | XX | 7143486 | 219 | 06/10/2025 | Credit | HUD1 |  | HUD1 - Final HUD-1 is missing |  | Please provide the final HUD-1 settlement statement. | Information provided |  |  | 07/01/2025 |  |  | A | 1 | 05/XX/2025 | NY | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025050710 | XX | XX | XX | 7143909 | 851 | 06/16/2025 | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Executed lease and verification of security deposit and first month's rent deposited into borrowers account required for use of rental income to offset payment. Exception approved to use 1007 only. |  | Compensating factors: 800 FICO/40 points above required. Reserves in excess of 4 months over required program. |  |  |  | 06/16/2025 | B | 2 | 06/XX/2025 | CA | 1 | 1 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025050710 | XX | XX | XX | 7143921 | 330 | 06/16/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Loan approval missing from file. | Received approval |  |  | 06/18/2025 |  |  | A | 1 | 06/XX/2025 | CA | 1 | 1 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025051558 | XX | XX | XX | 7143949 | 330 | 06/16/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Verification of taxes, insurance and HOA for xx missing from file. | HOI, Tax Record and 1008 provided |  | Client 07/02/2025 03:51 PM; Please find uploaded proof property not in any hoa, property tax info, updated 1008, hoi dec pg with premium reflected. Thanks so much. Reviewer 07/02/2025 04:09 PM; Condition has been reviewed. Thx | 07/02/2025 |  |  | A | 1 | 06/XX/2025 | FL | 2 | 1 | C | A | C | A | A | A | A | A |  | Exempt | 1
12025051708 | XX | XX | XX | 7144027 | 851 | 06/17/2025 | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Exception request for a borrower who lives rent free with parents. |  | Comp Factors: 1. FICO 40+ points over the minimum required score for the LTV requested. 2. Residual income over $3000. ** Capital Markets allows Credit Risk to approve this exception without pricing implications. |  |  |  | 06/17/2025 | B | 2 | 06/XX/2025 | CA | 1 | 1 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025041272 | XX | XX | XX | 7144011 | 330 | 06/17/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Provide a complete fraud report with all high and medium alerts addressed. | Received Fraud report and alerts summary cleared |  |  | 07/01/2025 |  |  | A | 1 | 06/XX/2025 | NJ | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025041272 | XX | XX | XX | 7144012 | 336 | 06/17/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income Other |  | The lenders bank statement income calculation worksheet was missing from the loan file. | Received bank statements income worksheets |  |  | 07/08/2025 |  |  | A | 1 | 06/XX/2025 | NJ | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025040813 | XX | XX | XX | 7144119 | 1055 | 06/18/2025 | Credit | Missing Images |  | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation |  | The final settlement statement for the subject loan is missing from the loan file. The credit review is on hold until documents are received. | Documentation received |  |  | 06/20/2025 |  |  | A | 1 | 06/XX/2025 | NJ | 3 | 13 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025040813 | XX | XX | XX | 7143774 | 72 | 06/13/2025 | Credit | Closing Package |  | Closing Package - |  | The Final Settlement Statement is missing from file. | Information provided |  |  | 06/23/2025 |  |  | A | 1 | 06/XX/2025 | NJ | 3 | 13 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025050903 | XX | XX | XX | 7144255 | 336 | 06/20/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income Other |  | Missing documentation verifying the source of the following large deposits into the borrower’s business checking account ending XX $105,175.37 on 7/XX/2024, $50,000 on 8/15/2024, and $68,517 on 8/26/2024. Per guidelines, deposits exceeding 50% of the month’s beginning balance must be sourced or will be excluded. The deposits were not excluded from income calculation. | The initial income worksheet and additional income worksheet were provided showing the large deposits removed. Borrower has low DTI and still qualifies with reduced income |  | Client 06/26/2025 03:00 PM; I provided the initial income worksheet and additional income worksheet removing the large deposits. Bwr has low DTI and still qualifies with reduced income Reviewer 06/26/2025 04:21 PM; Condition has been reviewed. Thx | 06/26/2025 |  |  | A | 1 | 06/XX/2025 | WA | 1 | 1 | C | A | C | A | A | A | A | A |  | Exempt | 1
12025050903 | XX | XX | XX | 7144256 | 1014 | 06/20/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income calculation worksheet self employed |  | Missing the Bank Statement Income Calculation Worksheet Analysis for the borrower, xx. | The initial income worksheet and additional income worksheet were provided showing the large deposits removed. Borrower has low DTI and still qualifies with reduced income |  | Client 06/26/2025 03:00 PM; I provided the initial income worksheet and additional income worksheet removing the large deposits. Bwr has low DTI and still qualifies with reduced income Reviewer 06/26/2025 04:21 PM; Condition has been reviewed. Thx | 06/26/2025 |  |  | A | 1 | 06/XX/2025 | WA | 1 | 1 | C | A | C | A | A | A | A | A |  | Exempt | 1
12025051694 | XX | XX | XX | 7144276 | 330 | 06/21/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Operating Agreement shows 3 members. Based on the XXborrower is a minority owner. Entity document authorizing the guarantor (borrower) to execute loan documents on behalf of the entity was not provided. | Received Authorization |  |  | 07/10/2025 |  |  | A | 1 | 06/XX/2025 | TX | 3 | 13 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025050603 | XX | XX | XX | 7143995 | 72 | 06/17/2025 | Credit | Closing Package |  | Closing Package - |  | Final Closing Disclosure/Hud is missing from file. | Information provided |  |  | 06/26/2025 |  |  | A | 1 | 06/XX/2025 | NJ | 3 | 3 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025031902 | XX | XX | XX | 7144055 | 72 | 06/17/2025 | Credit | Closing Package |  | Closing Package - |  | The Final CD or Final Settlement is missing from file. | Information provided |  |  | 06/25/2025 |  |  | A | 1 | 06/XX/2025 | HI | 3 | 13 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025031902 | XX | XX | XX | 7144375 | 1055 | 06/23/2025 | Credit | Missing Images |  | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation |  | The final CD is missing from the loan file. The credit review is on hold until documentaion is provided. | Documents provided |  |  | 06/25/2025 |  |  | A | 1 | 06/XX/2025 | HI | 3 | 13 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025050433 | XX | XX | XX | 7144299 | 330 | 06/23/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | The settlement statement provided is missing a date. Provide an updated settlement statement that is signed and dated by the borrower. | Stamped certified true copy; signature date is not required. |  | Reviewer 06/25/2025 09:13 PM; The signature date was missing on the document provided. Client 06/26/2025 02:34 PM; stamped certified true copy; signature date is not required. Reviewer 06/26/2025 02:52 PM; Condition has been reviewed Thx | 06/26/2025 |  |  | A | 1 | 06/XX/2025 | NJ | 3 | 13 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025050879 | XX | XX | XX | 7144344 | 998 | 06/23/2025 | Credit | UW Other |  | UW Other - UW - Title Commitment is missing or requires correction. |  | The loan amount listed on the Title Commitment ($XX) does not match the loan amount stated on the Note ($XX). | Received revised title |  |  | 06/25/2025 |  |  | A | 1 | 06/XX/2025 | PA | 3 | 13 | D | A | D | A | N/A | N/A | C | A |  | Exempt | 1
12025050879 | XX | XX | XX | 7144345 | 1108 | 06/23/2025 | Valuation | UW Collateral TPR |  | UW Collateral TPR - UW - Second collateral evaluation is required. |  | Provide secondary valuation as CU score was not provided. | Received FNMA SSR= 2.1 |  |  | 06/25/2025 |  |  | A | 1 | 06/XX/2025 | PA | 3 | 13 | D | A | D | A | N/A | N/A | C | A |  | Exempt | 1
12025011645 | XX | XX | XX | 7144338 | 330 | 06/23/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Missing final signed 1003/application | Received signed 1003 |  |  | 07/01/2025 |  |  | A | 1 | 06/XX/2025 | SC | 2 | 1 | C | A | C | A | C | A | A | A |  | Exempt | 1
12025011645 | XX | XX | XX | 7144339 | 336 | 06/23/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income Other |  | Missing Asset Utilization Worksheet confirming monthly income of $9,864.38 | Received Asset Utilization worksheet |  |  | 07/01/2025 |  |  | A | 1 | 06/XX/2025 | SC | 2 | 1 | C | A | C | A | C | A | A | A |  | Exempt | 1
12025011645 | XX | XX | XX | 7144169 | 666 | 06/19/2025 | Compliance | Sales Contract |  | Sales Contract - Compliance \ Sales Contract missing |  | Please provide the sales contract/purchase agreement. | Information provided |  |  | 06/25/2025 |  |  | A | 1 | 06/XX/2025 | SC | 2 | 1 | C | A | C | A | C | A | A | A |  | Exempt | 1
12025052191 | XX | XX | XX | 7144463 | 1013 | 06/24/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income calculation worksheet required |  | Missing the income calculation worksheet for the business bank statement analysis. | Worksheet provided |  | Client 07/16/2025 12:24 PM; Income calc worksheet for your review. Thank you. Reviewer 07/16/2025 01:23 PM; Condition has been reviewed. Thx | 07/16/2025 |  |  | A | 1 | 06/XX/2025 | FL | 1 | 13 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025052191 | XX | XX | XX | 7144464 | 330 | 06/24/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Missing Approval Exception Ineligible Form of Vesting. The loan was closed in the name of the XX. According to the trust agreement provided, the vesting is held in a XXt. Per guidelines, XXare an ineligible form of vesting. |  | Exception for file closed in a Trust name, with aXX. Compensating Factors: 40 points over minimum score in the tier (699 FICO), LTV - 10%<Matrix Tier (75% max/70% preferred) current 58.48%, self-employed history > 5 years same business, DTI is 10% or more under max allowed current 37.74%), Residual income >=$300.00 (current $8,416.30) | Client 07/18/2025 09:41 AM; Please find exception uploaded for review. Thank you. Reviewer 07/18/2025 11:00 AM; Condition has been reviewed. Thx |  |  | 07/18/2025 | B | 2 | 06/XX/2025 | FL | 1 | 13 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025050477 | XX | XX | XX | 7144519 | 380 | 06/25/2025 | Credit | UW Other |  | UW Other - UW - Lease Agreements |  | A copy of the rental lease agreement covering the most recent 12-month period for the borrower’s primary departure residence at XXwas not provided; required to document housing history from a private landlord. |  | Exception approval received/ July rent paid in cash/ Compensating Factors - 16 mos reserves, residual income $3,000, score 696 |  |  |  | 07/15/2025 | B | 2 | 06/XX/2025 | IL | 1 | 1 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025050477 | XX | XX | XX | 7144520 | 327 | 06/25/2025 | Credit | UW Credit |  | UW Credit - UW - Satisfactory 12 mth Rental |  | Proof of rent payment for the month of July 2024 is required, in the form of either canceled checks (front and back) or bank statements showing both account ownership and the rent payment debited by the landlord, to complete the 12-month housing history for the private landlord. Verification of July 2024 payment was missing. |  | Exception approval received/ July rent paid in cash/ Compensating Factors - 16 mos reserves, residual income $3,000, score 696 |  |  |  | 07/15/2025 | B | 2 | 06/XX/2025 | IL | 1 | 1 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025050477 | XX | XX | XX | 7144521 | 1013 | 06/25/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income calculation worksheet required |  | Income worksheet to document the business bank statement analysis for the borrower, Tuan Truong was missing from the loan file. | Received income worksheet |  |  | 06/26/2025 |  |  | A | 1 | 06/XX/2025 | IL | 1 | 1 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025050112 | XX | XX | XX | 7144523 | 851 | 06/25/2025 | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Exception required for applicant and co-applicant both living rent free with someone other than a spouse. |  | Compensating Factors: FICO 789 40 points over the minimum score (700); greater than 4 months additional reserves (9 total); Residual income greater than $3,000.00; DTI (28.799%) is 10% or more under max allowed; No consumer lates in last 24 months. |  |  |  | 06/25/2025 | B | 2 | 06/XX/2025 | NJ | 3 | 1 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025050112 | XX | XX | XX | 7144525 | 320 | 06/25/2025 | Credit | UW Assets |  | UW Assets - UW - Asset Other |  | Provide updated final closing disclosure to reflect the interest rate, P&I, and Projected Payments. | HUD provided BP loans and do not require a CD. |  | Client 07/09/2025 09:35 AM; Per closing management, this is a BP loan and does not require a CD. Reviewer 07/09/2025 10:54 AM; Condition has been reviewed. Thx | 07/09/2025 |  |  | A | 1 | 06/XX/2025 | NJ | 3 | 1 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025051991 | XX | XX | XX | 7144372 | 201 | 06/23/2025 | Credit | Hazard Insurance |  | Hazard Insurance - is missing. |  | Please provide the Hazard Policy. | Information provided |  |  | 06/30/2025 |  |  | A | 1 | 06/XX/2025 | NV | 1 | 1 | C | A | C | A | A | A | A | A |  | Exempt | 1
12025052398 | XX | XX | XX | 7144629 | 851 | 06/26/2025 | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Missing a complete 12-month payment history. Housing history in file documents a 9-month primary housing history and per guidelines first time investors are required to document no housing late payments during the past 12 months. |  | Exception granted for insufficient primary residence housing history verification. Compensating Factors: reserves $207,783.55 which is 42.92 mo. which is over 4 months required with a loan amount over $1 million, DTI more then 10% under the max allowed (DTI 15.92%). | Client 07/22/2025 11:30 PM; Please find exception for your review. Thanks so much. Reviewer 07/23/2025 04:45 AM; Condition has been reviewed. Thx |  |  | 07/23/2025 | B | 2 | 06/XX/2025 | PA | 3 | 1 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025050218 | XX | XX | XX | 7144702 | 330 | 06/26/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Fraud Report missing from file. Fraud Report is a requirement for all files. | Received clear fraud report |  |  | 06/30/2025 |  |  | A | 1 | 06/XX/2025 | NJ | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025041546 | XX | XX | XX | 7145903 | 433 | 07/01/2025 | Credit | UW Assets |  | UW Assets - UW - Short funds to close |  | File is short total funds to close and reserves required. Funds to close were $3,553.63 and the required reserves were $9,754.91. Only $11,743.01 was verified, leaving a shortage of $1,565.53. |  | Exception approval received for short reserves/ Comp Factors - Residual income $4,000, Fico 740 |  |  |  | 08/04/2025 | B | 2 | 06/XX/2025 | NJ | 1 | 3 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025060198 | XX | XX | XX | 7146337 | 328 | 07/03/2025 | Credit | UW Credit |  | UW Credit - UW - Satisfactory 12 mth Mortgage |  | Missing verification property is free and clear documented with a Property Profile Report and Proof property taxes are paid current for the most recent property tax year for the primary residence XX | Property Profile and documentation from credit union provided. |  | Client 07/17/2025 10:19 AM; Please find property report &amp; confirmation of heloc w/-0- payment due &amp; paid off. Pending Sat piece. Thank you. Reviewer 07/17/2025 10:40 AM; Condition has been reviewed Thx | 07/17/2025 |  |  | A | 1 | 06/XX/2025 | GA | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025060632 | XX | XX | XX | 7146326 | 330 | 07/03/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Provide signed letter regarding the following address listed on Borrower XX bank statement XX | Address explanation as it is a P.O. Box. |  | Client 07/28/2025 09:14 AM; Please find address explanation as it is a P.O. Box. Thank you. Reviewer 07/28/2025 09:32 AM; Condition has been reviewed. Thx | 07/28/2025 |  |  | A | 1 | 06/XX/2025 | CA | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025051523 | XX | XX | XX | 7145840 | 884 | 07/01/2025 | Compliance | Compliance |  | Compliance - Pending Internal completion of compliance fee tests. Additional conditions may apply. |  |  | Testing complete |  |  | 07/08/2025 |  |  | A | 1 | 06/XX/2025 | FL | 1 | 13 | C | A | A | A | C | A | A | A |  | Exempt | 1
12025051523 | XX | XX | XX | 7145841 | 895 | 07/01/2025 | Compliance | Compliance |  | Compliance - TRID CD- Need proof CD was received 3 days prior to consummation |  | For CD issued 6/16. | Documents provided |  |  | 07/08/2025 |  |  | A | 1 | 06/XX/2025 | FL | 1 | 13 | C | A | A | A | C | A | A | A |  | Exempt | 1
12025051523 | XX | XX | XX | 7145842 | 898 | 07/01/2025 | Compliance | Compliance |  | Compliance - TRID- Fee Tolerance Violation |  | Loan is failing 0% tolerance for the decrease in the Lender Credit on the final CD. There is no COC for this disclosure, however, there is a COC dated 6XX mentioning a revised disclosure dated 6/XX that is missing. Violation amount is $983. Need a PCCD with cure, lox to borrower, proof of refund, and evidence of payment shipped, all within 60 days of consummation. | Documents provided |  |  | 07/08/2025 |  |  | A | 1 | 06/XX/2025 | FL | 1 | 13 | C | A | A | A | C | A | A | A |  | Exempt | 1
12025052166 | XX | XX | XX | 7146368 | 389 | 07/05/2025 | Credit | UW Credit |  | UW Credit - UW - Fraud Alert documentation |  | Missing fraud report with all high and medium alerts cleared. The fraud report provided does not reflect all alerts as cleared. | CoreLogic report provided |  | Client 08/04/2025 04:22 PM; Please see final clear fraud guard. Thank you. Reviewer 08/05/2025 04:50 AM; Condition has been reviewed. Thx | 08/04/2025 |  |  | A | 1 | 06/XX/2025 | NC | 1 | 1 | C | A | C | A | A | A | A | A |  | Exempt | 1
12025052166 | XX | XX | XX | 7146369 | 1014 | 07/05/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income calculation worksheet self employed |  | Provide bank statement analysis worksheet for the borrower. | Bank statement income work sheet provided |  | Client 08/04/2025 04:22 PM; Income calc uploaded. Thank you so much. Reviewer 08/05/2025 04:50 AM; Condition has been reviewed. Thx | 08/04/2025 |  |  | A | 1 | 06/XX/2025 | NC | 1 | 1 | C | A | C | A | A | A | A | A |  | Exempt | 1
12025052166 | XX | XX | XX | 7146370 | 1018 | 07/05/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Self-Employed verify business |  | Provide verification of business existence within 10 business days of close through a disinterested 3rd party. SOS in file is not dated. | Internet print out reflects Status as Active |  | Client 08/04/2025 04:28 PM; Please find VVOE for your review prior to closing. Thank you. Reviewer 08/05/2025 04:50 AM; Condition has been reviewed. Thx | 08/04/2025 |  |  | A | 1 | 06/XX/2025 | NC | 1 | 1 | C | A | C | A | A | A | A | A |  | Exempt | 1
12025052166 | XX | XX | XX | 7146371 | 326 | 07/05/2025 | Credit | UW Credit |  | UW Credit - UW - Evidence Satisfaction of Debt |  | UW Credit UW - Evidence Satisfaction of Debt COMMENT: The following accounts were marked as to be paid at or prior to closing, however evidence the accounts were paid off was not provided: XX | Per 1008 & 1003 all debts included & loan qualified with same. |  | Client 08/04/2025 04:43 PM; Please find 1008 &amp; 1003 reflecting all debts included &amp; loan qualified with same. Thank you. Client 08/04/2025 04:45 PM; Please find 1008 attached with all debts included in back-end DTI. Thank you. Reviewer 08/05/2025 04:51 AM; Condition has been reviewed. Thx Reviewer 08/05/2025 04:51 AM; Condition has been reviewed. Thx | 08/05/2025 |  |  | A | 1 | 06/XX/2025 | NC | 1 | 1 | C | A | C | A | A | A | A | A |  | Exempt | 1
12025052169 | XX | XX | XX | 7146383 | 389 | 07/06/2025 | Credit | UW Credit |  | UW Credit - UW - Fraud Alert documentation |  | Missing fraud report with all high and medium alerts cleared. The fraud report provided does not reflect all alerts as cleared. | Received Alerts Summary |  |  | 07/15/2025 |  |  | A | 1 | 06/XX/2025 | TX | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025052169 | XX | XX | XX | 7146384 | 330 | 07/06/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Missing documentation of the EIN/TIN for the limited liability company. | Information provided |  |  | 07/15/2025 |  |  | A | 1 | 06/XX/2025 | TX | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025052169 | XX | XX | XX | 7146422 | 1013 | 07/07/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income calculation worksheet required |  | Missing the asset depletion income calculation worksheet. | Received AU income calculation |  |  | 07/15/2025 |  |  | A | 1 | 06/XX/2025 | TX | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025052169 | XX | XX | XX | 7145998 | 72 | 07/02/2025 | Credit | Closing Package |  | Closing Package - |  | Business Operating Agreement or Articles of Incorporation are missing from file. | Documents provided |  |  | 07/09/2025 |  |  | A | 1 | 06/XX/2025 | TX | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025052169 | XX | XX | XX | 7145999 | 862 | 07/02/2025 | Credit | Deed of Trust/Mortgage |  | Deed of Trust/Mortgage - Other: |  | Exhibit A is missing. The Exhibit A in file is blank. | Documents provided |  |  | 07/09/2025 |  |  | A | 1 | 06/XX/2025 | TX | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025052206 | XX | XX | XX | 7146681 | 320 | 07/08/2025 | Credit | UW Assets |  | UW Assets - UW - Asset Other |  | Provide documentation verifying gift funds were transferred from the Donor to the Title Company. Per Client guides, if transferred directly to closing agent gift funds must be documented in the form of a certified check; a cashier’s check, or other official check (e.g., wire confirmation). A prior to funding (PTF) condition to support that the gift shows on the Closing Disclosure (CD) or Settlement Statement. | Wire document received confirms gift from Donor |  |  | 07/09/2025 |  |  | A | 1 | 06/XX/2025 | TX | 3 | 1 | D | A | D | A | N/A | N/A | A | A |  | Exempt | 1
12025052206 | XX | XX | XX | 7146685 | 998 | 07/08/2025 | Credit | UW Other |  | UW Other - UW - Title Commitment is missing or requires correction. |  | Provide updated title verifying the following mortgage as been released and omitted from title. Sch C #XX to XX for $189,700 dated 12/XX/2017 | Title Policy received does not reflect this mortgage |  |  | 07/22/2025 |  |  | A | 1 | 06/XX/2025 | TX | 3 | 1 | D | A | D | A | N/A | N/A | A | A |  | Exempt | 1
12025060412 | XX | XX | XX | 7146450 | 1013 | 07/07/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income calculation worksheet required |  | Missing the income calculation worksheet to support the qualifying income used in the bank statement analysis. | Income work sheet provided |  | Client 07/14/2025 04:00 PM; Please find the income calc worksheet uploaded for your review. Thank you. Reviewer 07/14/2025 04:38 PM; Condition has been reviewed. Thx | 07/14/2025 |  |  | A | 1 | 06/XX/2025 | SC | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025051575 | XX | XX | XX | 7146415 | 1055 | 07/07/2025 | Credit | Missing Images |  | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation |  | The P&L statement used for income qualification is missing from the loan file. The credit review is on hold until documents are received. | Documents provided |  | Client 07/14/2025 02:09 AM; Package Uploaded on 07/01/2025 Reviewer 07/14/2025 04:20 AM; Reviewer 07/14/2025 10:15 AM; Hello&#x0D; Compliance review has been completed.&#x0D; &#x0D; Thanks | 07/14/2025 |  |  | A | 1 | 06/XX/2025 | FL | 1 | 13 | A | A | A | A | A | A | A | A |  | Exempt | 1
12025061137 | XX | XX | XX | 7146362 | 1014 | 07/05/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income calculation worksheet self employed |  | Provide bank statement analysis worksheet. | Received income worksheet |  |  | 07/07/2025 |  |  | A | 1 | 06/XX/2025 | CA | 1 | 1 | C | A | C | A | C | A | A | A |  | Exempt | 1
12025061137 | XX | XX | XX | 7145981 | 884 | 07/02/2025 | Compliance | Compliance |  | Compliance - Pending Internal completion of compliance fee tests. Additional conditions may apply. |  |  | Information provided |  |  | 07/08/2025 |  |  | A | 1 | 06/XX/2025 | CA | 1 | 1 | C | A | C | A | C | A | A | A |  | Exempt | 1
12025061137 | XX | XX | XX | 7145982 | 895 | 07/02/2025 | Compliance | Compliance |  | Compliance - TRID CD- Need proof CD was received 3 days prior to consummation |  | Revised CD issued on 6/XX/25 via USPS wasn't issued at or before consummation | Information provided |  |  | 07/08/2025 |  |  | A | 1 | 06/XX/2025 | CA | 1 | 1 | C | A | C | A | C | A | A | A |  | Exempt | 1
12025051938 | XX | XX | XX | 7146832 | 884 | 07/10/2025 | Compliance | Compliance |  | Compliance - Pending Internal completion of compliance fee tests. Additional conditions may apply. |  |  | Information provided |  |  | 07/18/2025 |  |  | A | 1 | 07/XX/2025 | FL | 1 | 1 | C | A | A | A | C | A | A | A |  | Exempt | 1
12025051938 | XX | XX | XX | 7146833 | 895 | 07/10/2025 | Compliance | Compliance |  | Compliance - TRID CD- Need proof CD was received 3 days prior to consummation |  | Need proof Initial CD was received 3 days prior to consummation. CD dated 6/XX sent via USPS | Information provided |  |  | 07/18/2025 |  |  | A | 1 | 07/XX/2025 | FL | 1 | 1 | C | A | A | A | C | A | A | A |  | Exempt | 1
12025052062 | XX | XX | XX | 7147091 | 1014 | 07/12/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income calculation worksheet self employed |  | Provide bank statement analysis worksheet for both businesses utilized for the calculation of the borrower's income. | Received income worksheet for both incomes |  |  | 07/15/2025 |  |  | A | 1 | 07/XX/2025 | MI | 1 | 1 | C | A | C | A | A | A | A | A |  | Exempt | 1
12025060695 | XX | XX | XX | 7146843 | 1055 | 07/10/2025 | Credit | Missing Images |  | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation |  | Provide the bank statement calculation used for the borrower's SE income to determine which deposits were used for income. The loan approval indicates the 12 month business bank statements were utilized for income, but only personal bank statements were provided. | Documents uploaded did not provide required documents. Restating deficiency to stop SLA. |  | Reviewer 07/11/2025 11:39 AM; Documents uploaded did not provide required documents. Restating deficiency to stop SLA. | 07/10/2025 |  |  | A | 1 | 06/XX/2025 | FL | 1 | 1 | A | A | A | A | A | A | A | A |  | Exempt | 1
12025060695 | XX | XX | XX | 7146989 | 1055 | 07/11/2025 | Credit | Missing Images |  | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation |  | Provide the bank statement calculation used for the borrower's SE income to determine which deposits were used for income. The loan approval indicates the 12 month business bank statements were utilized for income, but only personal bank statements were provided. | Documents received |  |  | 07/14/2025 |  |  | A | 1 | 06/XX/2025 | FL | 1 | 1 | A | A | A | A | A | A | A | A |  | Exempt | 1
12025061004 | XX | XX | XX | 7146050 | 1058 | 07/03/2025 | Compliance | Compliance |  | Compliance - Need Evidence of Borrower Intent to Proceed |  |  | Information provided |  |  | 07/15/2025 |  |  | A | 1 | 06/XX/2025 | FL | 2 | 13 | C | A | A | A | C | A | A | A |  | Exempt | 1
12025061193 | XX | XX | XX | 7147107 | 378 | 07/12/2025 | Credit | UW Other |  | UW Other - UW - Initial/Final 1003 incomplete/missing |  | Missing the final loan application (1003) for the subject transaction; only the initial signed commercial loan application was provided. | Final loan application provided |  | Reviewer 07/24/2025 03:19 PM; The 1003 provided is dated 6/xx/25 and appears to be the initial 1003 as the note date is 6/xx/25. | 08/05/2025 |  |  | A | 1 | 06/XX/2025 | FL | 3 | 1 | D | A | D | A | N/A | N/A | A | A |  | Exempt | 1
12025061193 | XX | XX | XX | 7147108 | 380 | 07/12/2025 | Credit | UW Other |  | UW Other - UW - Lease Agreements |  | Missing the current fully executed lease agreement for the borrower's primary residence. XX Borrower is renting from a Private landlord, XX. Per guidelines, If was/is renting from a private party, request leases for each address to cover the most recent 12-month period, along with verification of timely payments made (either canceled checks front and back or bank statements). Only the bank debits were provided. | Payments are acceptable history of rent payments; Lease provided support rent payments |  |  | 08/05/2025 |  |  | A | 1 | 06/XX/2025 | FL | 3 | 1 | D | A | D | A | N/A | N/A | A | A |  | Exempt | 1
12025061193 | XX | XX | XX | 7147109 | 327 | 07/12/2025 | Credit | UW Credit |  | UW Credit - UW - Satisfactory 12 mth Rental |  | Missing documentation The borrower is the owner of the following asset account XX ending in XX. Per guidelines, verification of timely rent payments is required for private Verifications of Rent (VOR), which must include either canceled checks (front and back) or bank statements showing both account ownership and payments debited by the landlord. A transaction printout was provided to document the February 2025 rent payment; however, it does not reflect the borrower’s name. Therefore, the account cannot be confirmed as belonging to the borrower. | Received account with name |  |  | 07/17/2025 |  |  | A | 1 | 06/XX/2025 | FL | 3 | 1 | D | A | D | A | N/A | N/A | A | A |  | Exempt | 1
12025051679 | XX | XX | XX | 7147112 | 879 | 07/12/2025 | Compliance | Application |  | Application - Other: |  | The declarations page for the co-borrower XX is blank. | Information provided |  | Reviewer 07/14/2025 11:00 AM; No documentation provided | 07/17/2025 |  |  | A | 1 | 07/XX/2025 | SC | 2 | 13 | C | A | A | A | C | A | A | A |  | Exempt | 1
12025051780 | XX | XX | XX | 7147114 | 998 | 07/13/2025 | Credit | UW Other |  | UW Other - UW - Title Commitment is missing or requires correction. |  | Provide updated title commitment in an amount greater than or equal to the subject loan amount. Title coverage provided in the amount of $XX is less than the $XX loan amount. | Received revised title |  |  | 07/15/2025 |  |  | A | 1 | 06/XX/2025 | NY | 3 | 3 | D | A | D | A | N/A | N/A | A | A |  | Exempt | 1
12025051737 | XX | XX | XX | 7146946 | 862 | 07/10/2025 | Credit | Deed of Trust/Mortgage |  | Deed of Trust/Mortgage - Other: |  | Exhibit A is missing. The Exhibit A in file is blank. Please provide, along with LOI to re-record. | Information provided |  |  | 07/16/2025 |  |  | A | 1 | 07/XX/2025 | NJ | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025060792 | XX | XX | XX | 7147072 | 862 | 07/11/2025 | Credit | Deed of Trust/Mortgage |  | Deed of Trust/Mortgage - Other: |  | Exhibit A is missing. The Exhibit A in file is blank. Please provide, along with LOI to re-record. | Information provided |  | Reviewer 07/21/2025 09:31 AM; NO documentation provided Reviewer 07/22/2025 09:45 AM; Escalated for review | 07/23/2025 |  |  | A | 1 | 07/XX/2025 | NJ | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025050632 | XX | XX | XX | 7148194 | 851 | 07/19/2025 | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Exception required due to borrower living rent free with other than spouse (parents) since 12/1/2005 |  | Exception allowing borrower living rent free with other than spouse (parents) since 12/xx/2005. Compensating Factors: FICO 711 minimum required 700, reserves $104,392.54 (13.97 months) required 3 months, self-employed >5 years in same line of business. |  |  |  | 07/19/2025 | B | 2 | 06/XX/2025 | FL | 1 | 1 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025050632 | XX | XX | XX | 7148195 | 336 | 07/19/2025 | Credit | UW Income/Employment |  | UW Income/Employment - UW - Income Other |  | Provide bank statement income calculation work sheet. | Received bank statement income worksheet |  |  | 07/28/2025 |  |  | A | 1 | 06/XX/2025 | FL | 1 | 1 | C | B | C | B | A | A | A | A |  | Exempt | 1
12025041535 | XX | XX | XX | 7148252 | 851 | 07/21/2025 | Credit | UW Qualifications |  | UW Qualifications - UW – Exception needed |  | Exception required to use appraised value of $XXdue to subject property was recently listed for $XX. |  | Compensating Factors: Greater than 3 tradelines rated for more than 5 years; No credit lates in greater than 24 months; |  |  |  | 07/21/2025 | B | 2 | 06/XX/2025 | TX | 3 | 3 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025050190 | XX | XX | XX | 7149517 | 967 | 07/29/2025 | Credit | Compliance |  | Compliance - CD- Dated incorrectly (Issue Date, Closing Date, Disbursement Date) |  | The HUD-1 reflected the disbursement date as 06/XX/2025; however, the Deed of Trust/Mortgage was signed on 06/XX/2025. Need a HUD with corrected disbursement and funding dates to be on or after 06/XX/2025. | Information provided |  |  | 08/04/2025 |  |  | A | 1 | 06/XX/2025 | FL | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025050190 | XX | XX | XX | 7149559 | 330 | 07/29/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | All judgments and liens must be paid in full prior to or at closing. |  | Comp Factors:1. > 3 Tradelines Rated for > 5 Yrs. Bank statements provided have a balance of $112963.70 showing borrower has sufficient funds to pay off the judgement. | Reviewer 07/29/2025 05:25 PM; Permission to leave Judgment of $8,400 on xx as unpaid |  |  | 07/29/2025 | B | 2 | 06/XX/2025 | FL | 3 | 13 | C | B | C | B | N/A | N/A | A | A |  | Exempt | 1
12025051533 | XX | XX | XX | 7149464 | 330 | 07/28/2025 | Credit | UW Credit |  | UW Credit - UW - Credit Other |  | Approval Certificate dated 06/XX/25 shows loan amt $XX. Note states $XX. AC shows interest rate 7.625% Note states 7.25%. | Revised loan approval received with Loan $272,800 and 7.25% |  |  | 07/30/2025 |  |  | A | 1 | 06/XX/2025 | MD | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025051533 | XX | XX | XX | 7149267 | 862 | 07/25/2025 | Credit | Deed of Trust/Mortgage |  | Deed of Trust/Mortgage - Other: |  | Exhibit A is missing. The Exhibit A in file is blank. Please provide, along with LOI to re-record. |  |  |  | 07/30/2025 |  |  | A | 1 | 06/XX/2025 | MD | 3 | 1 | C | A | C | A | N/A | N/A | A | A |  | Exempt | 1
12025051570 | XX | XX | XX | 7149705 | 902 | 07/30/2025 | Compliance | Compliance |  | Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons. Additional conditions may apply. |  |  | Testing complete |  |  | 08/04/2025 |  |  | A | 1 | 06/XX/2025 | TX | 1 | 1 | C | A | A | A | C | A | A | A |  | Exempt | 1
12025051570 | XX | XX | XX | 7149706 | 973 | 07/30/2025 | Compliance | Compliance |  | Compliance - CD- Other |  | Provide evidence CD dated 6/XX/2025 was rec'd by the borrower at least 4 days prior to consummation date of 6/XX/2025. | Documents provided |  |  | 08/04/2025 |  |  | A | 1 | 06/XX/2025 | TX | 1 | 1 | C | A | A | A | C | A | A | A |  | Exempt | 1
12025051570 | XX | XX | XX | 7149707 | 1058 | 07/30/2025 | Compliance | Compliance |  | Compliance - Need Evidence of Borrower Intent to Proceed |  |  | Documents provided |  |  | 08/04/2025 |  |  | A | 1 | 06/XX/2025 | TX | 1 | 1 | C | A | A | A | C | A | A | A |  | Exempt | 1