Exception Detail

Run Date - 05/02/2023 2:00:31 PM

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

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Note

Note - is missing - No Image of Note found in file

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

13

A

A

A

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Deed of Trust/Mortgage

Deed of Trust/Mortgage - is missing.

Information provided

Reviewer XX/XX/XXXX; Escalated for review  Reviewer XX/XX/XXXX; Rec'd XXX, however it is missing the XXXXXXX A legal XXXXXXXXXXX.  Please provide.

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

13

A

A

A

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Collateral

UW Collateral - UW - Appraisal Report invalid or expired

* XXXXXXXXX XXXX is XX/XX/XXXX & XXXX XXXX is X/XX/XXXX is more than XXX days. Appraisal has expired

Client XX/XX/XXXX; Please see uploaded exception document clearing the appraisal issue.  Reviewer XX/XX/XXXX; deficiency cleared

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

D

B

D

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Collateral

UW Collateral - UW - Appraisal Report invalid or expired

XXXX in file dated XX/XX/XXXX is > XXX days provide valuation with valid dates supporting $XXXXX property value

Documentation provided.

Client XX/XX/XXXX; There is a XXX in the file from X/XX that supports the XXX valuation, please reference that and clear  Reviewer XX/XX/XXXX; condition cleared

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

3

D

A

D

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Collateral

UW Collateral - UW - Appraisal Report invalid or expired

XXXX dated XX/XX/XXXX is > XXX days. provide copy of unexpired valuation supporting value of XX,XXX.

Documentation provided.

Client XX/XX/XXXX; The original appraisal is dated XX/X/XXXX, the XXXX recert is from XX/XX per the XXXX of XXXXXXXXX and XXXXXX entry on the recert, which puts us within XXX day window. Please clear  Reviewer XX/XX/XXXX; condition cleared

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

3

D

A

D

A

N/A

N/A

B

A

Exempt

1

XXXX

XXXXXXXXXX

XXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Disclosure

Disclosure - Other:

No XXXXXXX XXXXXXXXXX in file.

document provided and accepted

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

A

A

A

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Lease Agreements

Executed lease agreement used for XXXX calculation missing from the file.

Documentation has been provided.

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

C

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXXX XXX guarantors are required to sign the personal XXXXXXXX. XXXXXXXXXX are required to sign the XXXXXXXXXXXXX XXXXXXXXX agreement. XXXX XXXX XXXXX needs to sign agreements. XXXX XXXXX (guarantor #X) is not signing personal guaranty and environmental indemnity agreement. XXXXXXXXXXXX factors (X) XXXXXXXXX and approved for XXXXXXXX XXXX program. (X) XXXX XXXXX credit profile satisfies guideline standalone. (X) XXXXX record>XX loans in  last X years with prior originations with XXX. XXXXXXX by XXX XX/XX/XXXX.

Approved by XXXXXX XX/XX/XXXX

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

C

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Income/Employment

UW Income/Employment - UW - Income Other

Lease agreement is unsigned and undated

Document provided

Reviewer XX/XX/XXXX; Document not provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

C

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Qualifications

UW Qualifications - UW – Exception needed

Missing a XXXX XXXXXXXXXX proving for the authorized signer to execute documents

authorized signer documentation provided

Client XX/XX/XXXX; Please confirm if this exception has been cleared based on documentation provided, thanks. No XXXXXXXXX from XXX should be required as signor was authorized per documentation uploaded  Reviewer XX/XX/XXXX; deficiency cleared

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

C

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

Final Hud-1 does not reflect two months of rental receipt as required by guidelines.

monthly rent $XXXX.XX XXXXXX rent XXXX.XX loan qualifies with market rent.  Final hud shows  days prorated rent for XXX of $XXX.XX missing XXX rent.

Client XX/XX/XXXX; Per approval prorated XXX rent and full XXX rent needed. Prorated XXX rent collected on pg X of XXX, XXX rent on pg X  Reviewer XX/XX/XXXX; Document not provided showing X months rental receipt  Reviewer XX/XX/XXXX; Missing exception  Reviewer 02/01/2022 11:25 AM; deficiency open,  Reviewer 02/01/2022 11:25 AM; only XXX day XXXXXXXX rent showing on XX while two months evidence is required

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

C

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

An exception was approved for a post close appraisal.

Appraiser coverage of the area is very slim.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

A

A

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

"XXXXXX XXXXXXX XXXXXXXXXXXX XXXXXXXXXX X.X.X   X. XXX loans require an interior/exterior appraisal " "XXXXXXX attached appraisal includes pictures from X of X units in property.    XXX appraiser, access to the XXX unit was prohibited by the tenant and she was unable to access this unit to complete pictures of property.   XXX appraiser, current owner/borrower states that XXX inaccessible unit to be similar in condition to the accessible units. "

"X. XXXXXX XXXXX is XXX XXX product guideline requires a credit score of XXX. X. XXXXX is XX% XXX product guideline requires an XXXXX of XX%  X. XXXX is X.XX. XXX product guideline requires a XXXX of X.XX.  X. XXXXXXXXXX is X # XXX and XXXX units. XXX product guideline requires experience of X # XXX & XXXX units.  X. XXXXXXXXXX is XX # XXXXXX units. XXX product guideline requires experience of X # XXXXXX units.  X. XXXX reserves of XXX,XXX (may not include any cash-out proceeds related to the subject loan)  XXXXXXXX has multiple files in process with XXX heading to final review and a portfolio of XX total rental properties he intends on refinancing with XXX. XXXXXXXX"

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

A

A

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

XX would like an exception to use an appraisal from an amc out of our network that was ordered by a different lender. XXXX apprasial is less than XX days old. the borrower doesnt want to spend additional funds on another appraisal and wants XXX to handle her loans. XXX feels we have a XXXXXX loan program than the lender she was using.

Credit XXXXX is XXX. XXX product guideline requires a credit score of XXX. XXXXX is XX% XXX product guideline requires an XXXXX of X% XXXX is X.XX. XXX product guideline requires a XXXX of X.XX XXXXXXXXXX is XX# XXX and XXXX units. XXX product guideline requires experience of XX rental units. XXXXXXXXXX is XX# XXXXXX units. XXX product guideline requires experience of XX rental units.  XXXXXX is a platinum tier borrower that came over to us through XXXXXXXXXX refinance program. XXX has two loans with a different lender that she wants us to handle for her. XXX is a very seasoned investor and will agree to use our appraisals moving forward but doesnt want to miss the opportunity to work with us. XX she knew about our refinance program she would of never used the other lender.  XXXXXXXX subject to X% XXXXXXXX XXXXXXXXXX tolerance

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

A

A

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral TPR

UW Collateral TPR - UW - Second collateral evaluation is required.

XXXX out refinance transactions require a XXX, exception missing from file to use an XXX only.

document provided

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

A

A

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXXX was approved for XX% XXX with a fico score of less than XXX on unleased property.

Compensating XXXXXX: XXX other borrower's middle score is above XXX.Lower middle score between two borrower is XXX,XX points off of the XXX required.  XXX other borrower’s middle score is XXX.  XXX borrower has a signed lease for the subject property however, the tenant has pushed back move in until XXXXXXXX, XXXXX with XXXX rent at % vacancy puts this XXX at X.XX.  XXXX that lease kicks in we’d be at X.XX XXXX.  XXXXXX lease included in submission.  XXXXXXXX paying four points to get the exiting XXXX down to X.XX.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

3

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXXXXXXX needed for loan purpose.  XXXXXXXX dated XX/XX/XXXX reflects subject transaction as a no cash out.  XXXXX XXX reflects borrower receiving $X,XXX.XX.

Exception for cash out XXXXXXXX, XX.X% XXX, XXXXXX of XX months cashout look back (property collateralized a line of credit ) XXXXXX of cash-out adjuster on XXX pricing

Client XX/XX/XXXX; Loan was submitted as cashout, change request to rate and term due to previous loan <XXXXXXXX was cash out and unleased due to income verification not provided, exception approved as cashout,  Reviewer XX/XX/XXXX; exception noted

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

A

B

A

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal - Value Not Supported

XXXXXXXXX in file is dated XX/XX/XXXX, XXX is dated XX/XX/XXXX and XXX is dated XX/XX/XXXX.  XXXX XXX and XXX are dated prior to appraisal.

XX/XX/XXXX

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

3

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Qualifications

UW Qualifications - UW - LA/CLA exceeds Max. Limit

XX of $XX,XXX is less than the minimum of $XX,XXX per guidelines

Compensating factors: XXXXXX score XXX-required XXX, XXXXX XX%-required XX%, XXXX X.XX-required X.XX, experience is X # XXX and XXXX units, experience is X # rental units. XXXX credit score. XXXXXXX to do X loans with XXX. XXXXX leased and rehabbed property.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

XXXXX XXX is in current litigation from XXXXXX renter falling in the shower—not our borrower or property

Client approved this exception due to XXXXXXXX borrower; great credit score; owns XXX rentals; no mortgage lates

Reviewer XX/XX/XXXX;

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Collateral

UW Collateral - UW - Client Condo Warranty Requirements

XXXXX building has XXX units of which XX% are rentals exceeding guidelines of XX% rentals maximum

Client approved this exception due to XXXXXXXX borrower; great credit score; owns XXX rentals; no mortgage lates

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Qualifications

UW Qualifications - UW – Exception needed

XXXXXXXX concentration exception of XX units  in the same condo building of which XX are being refinanced with this lender

Client approved this exception due to XXXXXXXX borrower; great credit score; owns XXX rentals; no mortgage lates

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Qualifications

UW Qualifications - UW - Seasoning Requirement Not Met

XXXXX purchase was XX/XXXX. XXXXXXX the previous XXX and rehab costs to produce a $XXX,XXX value.

document provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

3

C

B

C

A

N/A

N/A

A

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Title Commitment

Title Commitment - Compliance \ Title Commitment - If purchase, current owner must match current owner on Appraisal and Sales Contract

XXXXX commitment must be in the file. XXXX is a purchase need a title to verify the current owner of record

Information provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Hazard Insurance

Hazard Insurance - Other:

XXXXXX XX is missing on XXX

Information provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

3

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Closing Package

Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect

XXXXX in file shows initial deposit of XXX.XX. XXXXXXXXXX amount is XXXX.XX

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

B

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Insurance Missing (MI or Project)

XXXXXXX updated XXXXXX policy that expires more than XX days after closing.  XXXXXX in file expires X/XX/XXXX.  XXXXXX on approval.

Exception blanket exception request for policy renewal to be less than X months from note date. XXXXXX XXXXX XXX. XXXXXXXXXX XXX+ rental units. XXXXXXXXXX policy in place that insures XXXXXXXXX's portfolio

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

D

B

D

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXXX approved not to escrow XXX

Compensating factors: XXXXXXXX is a XXXXXXXX XXXX borrower and has a commercial blanket policy. XXXXXXXXXX policy provide invoices the borrower monthly due to the addition and dropping of properties due to frequent acquisition and sales.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Title Commitment is missing or requires correction.

document provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXX signatures/dates and terms on lease.

document provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXXX was approved allowing borrower to buy down the rate to the minimum coupon rate on the rate sheet and to go over XX% XXX to finance the points for the extra buydown as the property is unleased.

Compensating factors: XXXXXX score XXX, XXXXX is XX.X%, XXXX is X.XX, XXXXXXXXXX is X# rental units. XXX credit report is XXXXXX, X open mtg tradelines, no lates, lots of other tradelines, lots of old mtg tradelines. XXX borrower is repeat and gold, though none of the loans are old enough to be out of payment escrow. XXXXX loans -XXXXXX-XXXXXX-XXXXXX. XXXXXXXX is in XX, which is an area I believe we are interested in. XXXX amount $XXX,XXX. XXXX is X.XX, not rented so that's after XX% vacancy hit, its a four unit with $XXXX for rent on the XXXX. XXX only about XX.X% XXX.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

3

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

XXXXXXXXX was approved to use an appraisal ordered by another lender and not via approved XXX.

Compensating XXXXXXX: XXXXXXXX is rented with X.XX XXXX; XXXXXXXX has X currently owned rentals; property is not in an area in which we are over-saturated; valuations already confirmed value.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

B

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Lease Agreements

XXXXX provided for subject property is not signed by all parties.  XXXXXXXX lease is required when using a lease for XXXX income.

document provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

D

B

D

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Lease Agreements

XXXXX provided for subject property is not signed by all parties. XXXXXXXX lease is required when using a lease for XXXX income.

Signed lease provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - HUD-1 to evidence source of funds

XXXXX XXX missing

document provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXX to allow for the following pricing X.XX% and X point at XX% XXX

The exception for pricing was granted with the following compensating factors: X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of . X. XXXXX is ____XX___%. XXX product guideline requires an XXXXX of ______%. X. XXXXX is _______%. XXX product guideline requires an XXXXX of ______%. X. XXXX is _X.XX______x. XXX product guideline requires a XXXX of ______x. X. XXXXXXXXXX is _XX______ # XXX and XXXX units. XXX product guideline requires experience of ______ # XXX & XXXX units. X. XXXXXXXXXX is __XX_____ # XXXXXX units. XXX product guideline requires experience of ______ # XXXXXX units. X. XXXX reserves of $______________ (may not include any cash-out proceeds related to the subject loan) X. XXXXXXXX has successfully paid off _______ # of loans with XXX with ________# delinquencies. X. XXXXX (specify below): XXXXXXXX has good credit of XXX, asking for substantially low XXX (XX% less than max), borrower has extensive fix and flip and rental experience, XXXXXXX XXX offered X.XX% and X.XX pts with a X-point buydown option with a X.X% rate plus a XX day rate lock.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXX the term of the loan for all loans, a pro-rata among of the annual taxes and insurance charges is collected in each monthly payment, held in escrow and disbursed at the time such charge is due.  XXXX transaction did not escrow for XXXXXXXXXX XXXXXXXXX.

The exception was granted for the request to not escrow XXX for this borrower with the following compensating factors: XXXXXXXX XXXX borrower; XXXXXXXXXX policy provider invoices the borrower monthly due to the addition and dropping of properties due to frequent acquisition and sales which would result in servicing complications.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Title Policy

Title Policy - is missing.  Final ALTA title policy required.

XXXXX XXXXXX/XXXXXXXXXX is missing

document provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

XXXXXXXXXX type on the appraisal is indicated as a refinance transaction but this is a purchase transaction and no appraisal update or exception is in file.

corrected report provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

A

A

N/A

N/A

C

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXX the term of the loan for all loans, a pro-rata among of the annual taxes and insurance charges is collected in each monthly payment, held in escrow and disbursed at the time such charge is due.  XXXX transaction did not escrow for XXXXXXXXXX XXXXXXXXX.

The exception was granted for the request to not escrow XXX for this borrower with the following compensating factors: XXXXXXXX XXXX borrower; XXXXXXXXXX policy provider invoices the borrower monthly due to the addition and dropping of properties due to frequent acquisition and sales which would result in servicing complications. XXX compensating factors are as follows: X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of _XXX_. X. XXXXX is XX.XX%. XXX product guideline requires an XXXXX of __XX____%. X. XXXXX is %. XXX product guideline requires an XXXXX of __n/a____%. X. XXXX is X.XX XXX product guideline requires a XXXX of __X.X____x. X. XXXXXXXXXX is XX # XXX and XXXX units. XXX product guideline requires experience of __n/a____ # XXX & XXXX units. X. XXXXXXXXXX is XX# XXXXXX units. XXX product guideline requires experience of __X____ # XXXXXX units. X. XXXX reserves of $ XXXX (may not include any cash-out proceeds related to the subject loan) X. XXXXXXXX has successfully paid off _______ # of loans with XXX with ________# delinquencies. X. XXXXX (specify below): XXXXXX XXXX plus client, excellent credit history, and multiple XXXX loans X.XX+

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXX XXXXX XXXXXXXXX(s) must be signed and dated by both the lessor(s) and the lessee(s). XXX months proof of payment of rent due, which may include one months deposit and one month rent payment, if applicable.

The exception was granted to use the lease income provided to proceed as leased property. XXX client has used the same type of documentation on recent loans and has been acceptable. XXX difference here is that the deposits were combined with deposits for other tenants. XXXX show evidence of a total of X monthly rental payments. XXXXXXXXX granted with the following compensating factors: X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of _XXX_. X. XXXXX is XX.XX%. XXX product guideline requires an XXXXX of __XX____%. X. XXXXX is %. XXX product guideline requires an XXXXX of __n/a____%. X. XXXX is X.XX XXX product guideline requires a XXXX of __X.X____x. X. XXXXXXXXXX is XX # XXX and XXXX units. XXX product guideline requires experience of __n/a____ # XXX & XXXX units. X. XXXXXXXXXX is XX# XXXXXX units. XXX product guideline requires experience of __X____ # XXXXXX units. X. XXXX reserves of $ XXXX (may not include any cash-out proceeds related to the subject loan) X. XXXXXXXX has successfully paid off _______ # of loans with XXX with ________# delinquencies. X. XXXXX (specify below): XXXXXX XXXX plus client, excellent credit history, and multiple XXXX loans X.XX+

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

XXXXXXXXXX property XXXXX

The exception was granted to proceed with appraisal marked <XX% XXXXX up. XXXX appears to be an appraiser error and has been submitted to be reviewed again and corrected but we won’t receive an update until after the closing date of X/XX. XXX the XXXX rural designation map, the property is nonrural. XXX exception was granted with the following compensating factors: X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of ______. X. XXXXX is XX.XX%. XXX product guideline requires an XXXXX of ______%. X. XXXXX is %. XXX product guideline requires an XXXXX of ______%. X. XXXX is X.XX. XXX product guideline requires a XXXX of ______x. X. XXXXXXXXXX is XX # XXX and XXXX units. XXX product guideline requires experience of ______ # XXX & XXXX units. X. XXXXXXXXXX is XX# XXXXXX units. XXX product guideline requires experience of ______ # XXXXXX units. X. XXXX reserves of $ (may not include any cash-out proceeds related to the subject loan) X. XXXXXXXX has successfully paid off _______ # of loans with XXX with ________# delinquencies.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXX insurance policy is required to be pre-paid and validate coverage for at least year from closing date.

The exception was granted to accept a commercial blanket current policy with a term that is expiring in less than XX days and for the policy not to be paid in advance for XX months at closing.  XXX exception was granted with the following compensating factors: X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of _XXX_. X. XXXXX is XX.XX%. XXX product guideline requires an XXXXX of __XX____%. X. XXXXX is %. XXX product guideline requires an XXXXX of __n/a____%. X. XXXX is X.XX XXX product guideline requires a XXXX of __X.X____x. X. XXXXXXXXXX is XX # XXX and XXXX units. XXX product guideline requires experience of __n/a____ # XXX & XXXX units. X. XXXXXXXXXX is XX# XXXXXX units. XXX product guideline requires experience of __X____ # XXXXXX units. X. XXXX reserves of $ XXXX (may not include any cash-out proceeds related to the subject loan)

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Lease Agreements

XXXXXXX a copy of the signed lease agreement by both parties.

Signed lease provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Closing Package

Closing Package -

XXXXXXX XXXXX XXXXXXXXXX

Information provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

D

B

D

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXX XXXXXXXXX has a XXXX history of bankruptcy within past X years.

Compensating XXXXXXX: XXXXXX score XXX, XXX XX%, XXXX X.XX%, XXXXXXXXXX is X yrs for flip and fix, XXXXXXXXXX is X yrs for rental units.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Title Commitment is missing or requires correction.

XX title policy has been provided

document provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

D

B

D

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXXX approved not to escrow XXX

Compensating factors: XXXXXXXX is a XXXXXXXX XXXX borrower and has a commercial blanket policy. XXXXXXXXXX policy provide invoices the borrower monthly due to the addition and dropping of properties due to frequent acquisition and sales.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

D

B

D

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

XXXXXX the appraisal must include a rental analysis (XXXXXXXXXX XXXX XXXXXXXX, XXXX XXXX/XXXX) or the loan file must include an equivalent rental analysis estimating the market rent for the subject property.

The XXX original appraiser had the rent schedules. XXXX I ordered recert they didnt include XXXX rent schedule and now they want $XXX.XX dollars tro add it even though it was on original appraisal. XXX main borrower is XXXX XXXXXXX who has closed two loans with us and has five loans with us. XXX credit score is XXX. XXXX XXXXXXX has sold XXX XXXXX and owns XXX rentals.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

A

B

A

A

N/A

N/A

A

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Net Rental Income Incorrect

XXXXXXX leases need to have at least X months remaining term to utilize as "XX XXXXX"---lease expires within X months.

Client approved due to XXXXXXXX borrower with XXX XXXX, X loans with lender and XXX rentals.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

3

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXX XXX XXXXXXXXXXX XXXXXXXXX XX expiration is less than X months from note date, renewal is required. XXXXXXX exception request for policy renewal documentation to be less than X months from the note date as XXXX XXXXX has a commercial blanket policy for their portfolio of properties. XXXXXXXXXX date is XX/XX/XXXX.

The exception was granted for the XXXXXXXXX policy close to expiration with the following compensating factors and notations:  X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of __XXX____. X. XXXXX is %. XXX product guideline requires an XXXXX of ______%. X. XXXXX is %. XXX product guideline requires an XXXXX of ______%. X. XXXX is . XXX product guideline requires a XXXX of ______x. X. XXXXXXXXXX is X # XXX and XXXX units. XXX product guideline requires experience of ______ # XXX & XXXX units. X. XXXXXXXXXX is XX# XXXXXX units. XXX product guideline requires experience of ____XXX+__ # XXXXXX units. X. XXXX reserves of $ (may not include any cash-out proceeds related to the subject loan) X. XXXXXXXX has successfully paid off _______ # of loans with XXX with _____X___# delinquencies.   XXXXX (specify below): XXX the commercial policy agent “XXX commercial policies in place that insure XXXXXXXXX’s portfolio are different from a standard personal lines homeowners policy in that they do not automatically renew. XXXX are re-underwritten by the incumbent carriers every year and any additional markets/insurance companies that may be interested in quoting the business. XX likely won’t have the renewal quotes in for another couple weeks and then will need to review with XXXXXXXXX and negotiate with the carriers. XX will push to have things wrapped up as soon as we can, but may not be able to issue updated XXX’s until the week of the renewal.”

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXX the borrower's and renters signatures on leases.

Signed lease provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXXX approved for lack of initial XX-month term on the lease as all leases are month-to-month.

Borrower opted to do month to month leases as it allows for more flexibility with tenants and the location offers opportunity to short term rentals (not air bnb) proximity to hospital allows for corporate rentals; XXXX is a X.XX so even through tenant turnover cashflow should still cover debt service; XXXXXXXX has XXX XXXX and owns multiple properties in the area; XXXXXXX for approval to count property as leased with month to month leases.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Lease Agreements

XXXXX agreements to be fully executed.

Signed lease provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

A

A

N/A

N/A

C

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Complete Purchase Agreement

XXXXXXX the purchase agreement--corrupt file

document provided

Reviewer XX/XX/XXXX; Purchase contract uploaded appears to be corrupt and will not open XXXXXX reload XXX

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Taxes and Insurance documentation

XX evidence of rental loss insurance as required by guidelines

Client approved due to XXXXXXXX XXXX borrower with extensive outstanding mortgages with XXXXXX.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Taxes and Insurance documentation

XXXXXX insurance blanket policy is due to expire within X months. XXXXXXXXXX call for renewal.

Client approved due to XXXXXXXX XXXX borrower with extensive outstanding mortgages with XXXXXX.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Hazard Insurance

Hazard Insurance - property address is incorrect.

XXXX of XXXXXXXX on XXX evidence does not match XXXX city of XXXXXXX.

Information provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Title Commitment

Title Commitment - Compliance \ Title Commitment - If purchase, current owner must match current owner on Appraisal and Sales Contract

XXXXX XXXXXX/XXXXXXXXXX must be in file. XXXXXXX.

Information provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Taxes and Insurance documentation

XXXXXX insurance is not escrowed

Client approved due to XXXXXXXX XXXX borrower.

XX/XX/XXXX

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Other

UW Other - UW - Title/Deed to evidence ownership

XXXXXXX the title commitment

Fidelity XXXXX XXXXXXXXXX provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Qualifications

UW Qualifications - UW – Exception needed

XXXXXXX a corp resolution providing for the "authorized signer".

LLC XXXXXXXXXX provided list XXXXXXX and XXXXXXXX

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXX XXX XXXXXXXXXXX XXXXXXXXX; XX expiration is less than X months from note date, renewal is required. XXXXXXX exception request for policy renewal documentation to be less than X months from the note date as XXXX XXXXX has a commercial blanket policy for their portfolio of properties. XXXXXXXXXX date is XX/XX/XXXX.

The exception was granted with the following compensating factors:  X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of XXX. X. XXXXX is %. XXX product guideline requires an XXXXX of ______%. X. XXXXX is %. XXX product guideline requires an XXXXX of ______%. X. XXXX is X.XXx. XXX product guideline requires a XXXX of X.XXx. X. XXXXXXXXXX is X # XXX and XXXX units. XXX product guideline requires experience of ______ # XXX & XXXX units. X. XXXXXXXXXX is XXX XXXXXX units. XXX product guideline requires experience of XX XXXXXX units. X. XXXX reserves of $ (may not include any cash-out proceeds related to the subject loan) X. XXXXXXXX has successfully paid off _______ # of loans with XXX with _____X___# delinquencies. X. XXXXX (specify below): XXX the commercial policy agent “XXX commercial policies in place that ensure XXXXXXXXX’s portfolio are different from a standard personal lines homeowners policy in that they do not automatically renew. XXXX are re-underwritten by the incumbent carriers every year,as well as any additional markets/insurance companies that may be interested in quoting the business. XX likely won’t have the renewal quotes in for another couple of weeks and then will need to review with XXXXXXXXX and negotiate with  the carriers. XX will push to have things wrapped up as soon as we can but may not be able to issue updated XXX’s until the week of the renewal.”

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXX signatures and terms on leases for subject property.

Signed XXXXX provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Hazard Insurance

Hazard Insurance - Other:

XXXXXXXX of insurance does not indicate premium .

Reviewer XX/XX/XXXX; Rec'd XXXXXXX information.  XXX XXXXXX in file has expired.  XXXXXX provide updated XXX XXXXXX.

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

X.X XXXXXXXXXX XXXXXXXX XXXXX XX. XXXXXXXXXX subject to oil and/or gas leases XXXXXXXXX to move forward with oil and gas lease on title. -XXXXXXXXXX of XXX and XXX XXXXX XXXXX in XXXXXXXXXX no XXXX - XXXXXX -XXXXXXXXXX of XXX and XXX XXXXX XXXXX in XXXXXXXXXX no XXXX - XXXXXX -XXX and XXX XXXXX XXXXX in XXXXXXXXXX no XXXX-XXXXXX

Credit XXXXX is XXX.  XXXXX is XX.XX%.  XXXX is X.XX.  XXXXXXXXXX is XX# XXXXXX units.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXX XXX XXXXXXXXXXX XXXXXXXXX XX. XX expiration is less than X months from note date, renewal is required. XX expiration is less than X months from note date,  renewal is required. XXXXXXX exception request for policy renewal documentation to be less than X months from the note date as XXXX  XXXXX has a commercial blanket policy for their portfolio of properties. XXXXXXXXXX date is XX/XX/XXXX.

Credit XXXXX is XXX.  XXXXX is XX.XX%.  XXXX is X.XX.  XXXXXXXXXX is XX# XXXXXX units. XXX the commercial policy agent “XXX commercial policies in place that insure XXXXXXXXX’s  portfolio are different from a standard personal lines homeowners policy in that they do not automatically renew. XXXX are re-underwritten by the incumbent carriers every year, as well as any additional markets/insurance companies that may be interested in quoting the business. XX likely won’t have the renewal quotes in for another couple weeks and then will need to review with XXXXXXXXX and negotiate with the carriers. XX will push to have things wrapped up as soon as we can, but may not be able to issue updated XXX’s until the week of the renewal.”

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

X.X XXXXX XXXXXXXX XXXXXXXXXXX. XXX appraisal comparables set includes only one (X) or fewer comparable properties that are less than five (X) miles from the subject property and the subject property is greater than X miles from a population center with a population no less than XXX,XXX residents. XXXXXXXXX request to close as a XXXXXX XXXXXXX loan given that more than one comp exceeds X miles from the subject property. XXXXXXXX is classified as suburban.

Credit XXXXX is XXX. XXXXX is XX.XX%. XXXX is X.XX. XXXXXXXXXX is XX# XXXXXX units. XXXXXXXX is approximately XX miles from the city of XXXXXXXXX. XX is XXXXXXXXX's fourth largest incorporated municipality by population and the XXXXX-most populous in the XXXXXX XXXXXX, with a XXXX census population of XXX,XXX;[X] the consolidated city–parish's population was XXX,XXX in XXXX.[X] XXX XXXXXXXXX metropolitan area was XXXXXXXXX's third largest metropolitan statistical area with a population of XXX,XXX at the XXXX census.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXX XXX XXXXXXXXXXX XXXXXXXXX XX. XX expiration is less than X months from note date, renewal is required. XX expiration is less than X months from note date, renewal is required. XXXXXXX exception request for policy renewal documentation to be less than X months from the note date as XXXX  XXXXX has a commercial blanket policy for their portfolio of properties. XXXXXXXXXX date is XX/XX/XXXX.

Credit XXXXX is XXX. XXXXX is XX.XX%. XXXX is X.XX. XXXXXXXXXX is XX# XXXXXX units. XXX the commercial policy agent “XXX commercial policies in place that insure XXXXXXXXX’s  portfolio are different from a standard personal lines homeowners policy in that they do not automatically renew. XXXX are re-underwritten by the incumbent carriers every year, as well as any additional markets/insurance companies that may be interested in quoting the business. XX likely won’t have the renewal quotes in for another couple weeks and then will need to review with XXXXXXXXX and negotiate with the carriers. XX will push to have things wrapped up as soon as we can, but may not be able to issue updated XXX’s until the week of the renewal.”

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXX XXX XXXXXXXXXXX XXXXXXXXX XX. XX expiration is less than X months from note date, renewal is required. XX expiration is less than X months from note date, renewal is required. XXXXXXX exception request for policy renewal documentation to be less than X months from the note date as XXXX  XXXXX has a commercial blanket policy for their portfolio of properties. XXXXXXXXXX date is XX/XX/XXXX.

Credit XXXXX is XXX. XXXXXXXXXX is XX# XXXXXX units. XXX the commercial policy agent “XXX commercial policies in place that insure XXXXXXXXX’s portfolio are different from a standard personal lines homeowners policy in that they do not automatically renew. XXXX are re-underwritten by the incumbent carriers every year, as well as any additional  markets/insurance companies that may be interested in quoting the business. XX likely won’t have the renewal quotes in for another couple weeks and then will need to review with XXXXXXXXX and negotiate with the carriers. XX will push to have things wrapped up as soon as we can, but may not be able to issue updated XXX’s until the week of the renewal.”

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXX XXX XXXXXXXXXXX XXXXXXXXX XX. XX expiration is less than X months from note date, renewal is required. XX expiration is less than X months from note date, renewal is required. XXXXXXX exception request for policy renewal documentation to be less than X months from the note date as XXXX  XXXXX has a commercial blanket policy for their portfolio of properties. XXXXXXXXXX date is XX/XX/XXXX.

Credit XXXXX is XXX. XXXXXXXXXX is XX# XXXXXX units. XXX the commercial policy agent “XXX commercial policies in place that insure XXXXXXXXX’s portfolio are different from a standard personal lines homeowners policy in that they do not automatically renew. XXXX are re-underwritten by the incumbent carriers every year, as well as any additional markets/insurance companies that may be interested in quoting the business. XX likely won’t have the renewal quotes in for another couple weeks and then will need to review with XXXXXXXXX and negotiate with the carriers. XX will push to have things wrapped up as soon as we can, but may not be able to issue updated XXX’s until the week of the renewal.”

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

XXXXXXXX property with one comp exceeding X miles away from the subject.

Client approved due to XXXXXXXX XXXX borrower

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

A

A

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Qualifications

UW Qualifications - UW – Exception needed

XXXXXXX a XXXX XXXXXXXXXX providing for the authorized signer to execute documents

Written consent of the XXXXXXX provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXX loan amount is lower than the minimum of $XX,XXX and exceeds XXX of XX% at XX% cash out with a XXX credit score for unleased property.

The exception was granted for loan amount of $XX,XXX and XXX of XX% with XXXX of XXX with the following compensating factors:  X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of ______.  X. XXXXX is XX%. XXX product guideline requires an XXXXX of ______%.  X. XXXXX is %. XXX product guideline requires an XXXXX of ______%.  X. XXXX is X.XX. XXX product guideline requires a XXXX of ______x.  X. XXXXXXXXXX is X # XXX and XXXX units. XXX product guideline requires experience of ______ # XXX & XXXX units.  X. XXXXXXXXXX is X XXXXXX units. XXX product guideline requires experience of __ # XXXXXX units.  X. XXXX reserves of $ (may not include any cash-out proceeds related to the subject loan)  X. XXXXXXXX has successfully paid off _______ # of loans with XXX with _____X___#  X. XXXXX  XXXX current credit XXX leverage loan XXXX X.XX using XX% of XXXX rent

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

XXXXXXXX or guarantors with multiple foreclosures seasoned greater than X years may be ineligible.

The exception was granted for past foreclosures from XXXX/XXXX with the following compensating factors:  X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of ______.  X. XXXXX is XX%. XXX product guideline requires an XXXXX of ______%.  X. XXXXX is %. XXX product guideline requires an XXXXX of ______%.  X. XXXX is X.XX. XXX product guideline requires a XXXX of ______x.  X. XXXXXXXXXX is X # XXX and XXXX units. XXX product guideline requires experience of ______ # XXX & XXXX units.  X. XXXXXXXXXX is X XXXXXX units. XXX product guideline requires experience of __ # XXXXXX units.  X. XXXX reserves of $ (may not include any cash-out proceeds related to the subject loan)  X. XXXXXXXX has successfully paid off _______ # of loans with XXX with _____X___#  X. XXXXX  XXXX current credit XXX leverage loan XXXX X.XX using XX% of XXXX rent

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

Document XXX XXXXXXXXXXX  XXXXXXXXX XX XX expiration is less than X months from note date, renewal is required. A XXXXXXX exception request for policy renewal documentation to be less than X months from the note date as XXXX XXXXX has a commercial blanket policy for their portfolio of properties. XXXXXXXXXX date is XX/XX/XXXX.

The exception was granted for the XXXXXXXXX policy close to expiration with the following compensating factors and notations:  X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of __XXX____.  X. XXXXX is %. XXX product guideline requires an XXXXX of ______%.  X. XXXXX is %. XXX product guideline requires an XXXXX of ______%.  X. XXXX is . XXX product guideline requires a XXXX of ______x.  X. XXXXXXXXXX is X # XXX and XXXX units. XXX product guideline requires experience of ______ # XXX

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Title Policy

Title Policy - is missing.  Final ALTA title policy required.

Commitment/XXXXXX is missing

Information provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

Insurance XX. XX expiration is less than X months from note date, renewal is required. XX expiration is less than X months from note date, renewal is required. XXXXXXX exception request for policy renewal documentation to be less than X months from the note date as XXXX  XXXXX has a commercial blanket policy for their portfolio of properties. XXXXXXXXXX date is XX/XX/XXXX.

Compensating factors: XXXXXX XXXXX is XXX.  XXXXXXXXXX is XX# XXXXXX units. XXX product guideline requires experience of XXX  XXXXXX units. XXX the commercial policy agent “XXX commercial policies in place that insure XXXXXXXXX’s  portfolio are different from a standard personal lines homeowners policy in that they do not automatically renew. XXXX are re-underwritten by the incumbent carriers every year, as well as any additional markets/insurance companies that may be interested in quoting the business. XX likely won’t have the renewal quotes in for another couple weeks and then will need to review with XXXXXXXXX and negotiate with the carriers. XX will push to have things wrapped up as soon as we can, but may not be able to issue updated XXX’s until the week of the renewal.”

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

Exception was approved not to escrow for homeowner''''s insurance for platinum plus client who has a commercial blanket policy for all his transactions with XXX

Compensating factors: XXXXXX score of XXX; experience is XX# fix amd flip units and XX# of rental units; XXXX reserves of $XXXX.

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Closing Package

Closing Package -

Client to confirm # of guarantors and provide updated approval if applicable. XXX approval found in file only lists XXXXXX XXXX as a guarantor/XXXXXXXX but there is an application and documentation in the file for XXXXXXX XXXXX also. XXXXXX confirm what final approval was based on so that the correct # of XXXXXXXXX/XXXXXXXXXX can be input/reviewed/delivered.

CTC reflects X guarantors

Reviewer XX/XX/XXXX; escalated fore review

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Closing Package

Closing Package -

Underwriting to review second guarantor if applicable. XXXXXX only reviewed initially with X guarantor (XXXXXX XXXX) **XXXXX XXXXXX escalate to team lead once determination of the # of guarantors approved by XXXXXX as been provided. *if it is determined that there is a XXX guarantor (XXXXXXX XXXXX) underwriting to review.

Ok to clear, reviewed by XX

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

1

C

A

C

A

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

Exception XXXXXXX to not escrow for XXXXXXXXX’s XXXXXXXXX for this XXXXXXXX XXXX XXXXXX who has a commercial blanket  policy for all his transactions with XXX

Credit XXXXX is XXX. XXX product guideline requires a credit score of XXX. XXXXX is XX.XX%. XXXX is X.XX. XXX product guideline requires a XXXX of X.Xx. XXXXXXXXXX is XX # XXX and XXXX units. XXX product guideline requires experience of X# XXX

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

UW Credit

UW Credit - UW - Credit Other

Requesting exception to use the appraised value for this purchase transaction. XXX seller is XXXXXXXX XXXXXXXX  XXXXXXXXXXXX who is a qualified iBuyer. XXXXXXX provided XXXX

Credit XXXXX is XXX. XXX product guideline requires a credit score of XXX. XXXXX is XX.XX%. XXXX is X.XX. XXX product guideline requires a XXXX of X.Xx. XXXXXXXXXX is XX # XXX and XXXX units. XXX product guideline requires experience of X# XXX

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

1

C

B

C

B

N/A

N/A

A

A

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Valuation

UW Collateral

UW Collateral - UW - Appraisal Other

The property is a XXX home which is an ineligible property type. XXXXXXXXXXXX the property is below minimum gross living area less than the minimum threshold. XXX square footage minimum is XXX sqft and subject is XXX sq ft.

The exceptions were granted with the following compensating factors: X. XXXXXX XXXXX is XXX. XXX product guideline requires a credit score of XXX. X. XXXXX is XX.XXX%. XXX product guideline requires an XXXXX of ______%. X. XXXX is X.XXx. XXX product guideline requires a XXXX of X.XXx. X. XXXXXXXXXX is _______ # XXX and XXXX units. XXX product guideline requires experience of ______ # XXX

XX/XX/XXXX

B

2

XXXXXXXXXX

XX

3

13

C

B

A

A

N/A

N/A

C

B

Exempt

1

XXXX

XXXXXXXXXXX

XXXXXXXXXXX

XXXX

XXXX

XXXXXXXXXX

Credit

Application

Application - is missing

Missing application for XXXXXXX XXXXX.

Information provided

XX/XX/XXXX

A

1

XXXXXXXXXX

XX

3

13

A

A

A

A

N/A

N/A

A

A

Exempt

1