Loan Number

Seller ID Number

Finding ID

Deal Num

Investor Loan Number

Deal Specific Name

Exception ID

Last Name

Loan Purpose

Occupancy

Note Date

State

Original Loan Amount

Loan Status

Exception Date

Exception Type

Exception Subcategory

Exception Status

Exception Status Change Date

Exception Grade

Exception

Exception Information

Exception Rebuttal

Exception Rebuttal Date

Compensating Factors

Statute of Limitation Date

Assigned To

Status Comment

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

2177

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Property is located in a XXXX area

Cleared

XX/XX/XXXX

1

Property is located in a XXXXarea

Property is located in a FEMA disaster area. FEMA declared XXX county in a disaster area (fires) on XX/XX/XXXX and continuing. The appraisal in file is dated XX/XX/XXXX and shows no damage, however the appraisal date is prior to the FEMA release date. A Post Disaster Inspection is required.

Post disaster inspection confirms no property damage

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Post disaster inspection confirms no property damage

XXXX

XXXXX

XXX

XXX

XXX

2957

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Property located in XXXX Area with no subsequent Property Inspection

Cleared

XX/XX/XXXX

1

Property located in XXXX Area with no subsequent Property Inspection

Property located in FEMA Declared Disaster Area with no subsequent Property Inspection

Post Disaster Inspection provided

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Post Disaster Inspection provided

XXXX

XXXXX

XXX

XXX

XXX

1261

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification does not match Approval

Acknowledged

XX/XX/XXXX

2

Borrower Income Verification does not match Approval

The borrower income verification does not match approval. DSCR ratio of .XX is less then .XX minimum allowed as per guides.

Change severity of 'Borrower Income Verification does not match Approval' from Material to Non-Material.; Change status of 'Borrower Income Verification does not match Approval' from Active to Acknowledged by Client.; Received CRSE - Income - DSCR Ratio of .XX is less than .XX minimum allowed as per guides.  Compensating Factors : Credit History-XxXX-last XX months; Qualifying LTV is XX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Borrower Income Verification does not match Approval' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

397

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Note Document Indicator is Partial

Acknowledged

XX/XX/XXXX

2

Note Document Indicator is Partial

Note document indicator is Partial. XX year I/O loan is not allowed per guides.

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.; Change status of 'Note Document Indicator is Partial' from Active to Acknowledged by Client.; Received CRSE - Borrower - New guides do not allow XX year program. Compensating Factors : Credit History - XXXxXX-last XX months; Qualifying LTV is XX. Acknowledged by client

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Provided.; Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

Third Party Valuation Product Provided.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Per CRSE - Assets" Reserves: Requirement not met.  Exception - The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX. Cash out proceeds are not allowed as p.  Compensating Factors : Other - XXX FICO, minimum other debt. Acknowledged by client. ; The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX. Cash out proceeds are not allowed as per guides.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

894

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting FICO does not meet Guideline Minimum Required

Cleared

XX/XX/XXXX

1

Underwriting FICO does not meet Guideline Minimum Required

Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX.

Underwriting FICO of XXX is greater than or equql to the minimum required guideline FICO of XXX.; Underwriting FICO of XXX is greater than or equql to the minimum required guideline FICO of XXX.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Underwriting FICO of XXX is greater than or equql to the minimum required guideline FICO of XXX.

XXXX

XXXXX

XXX

XXX

XXX

1261

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification does not match Approval

Acknowledged

XX/XX/XXXX

2

Borrower Income Verification does not match Approval

The borrower income verification does not match approval. DSCR ratio of .XX is less then .XX minimum allowed as per guides.

Change severity of 'Borrower Income Verification does not match Approval' from Material to Non-Material.; Change status of 'Borrower Income Verification does not match Approval' from Active to Acknowledged by Client.; Received CRSE - Exception type: Program-DSCR. Guideline: DSCR at least X.XX; Actual - DSCR is X.XX..  Rationale - Exception for DSCR not meeting new guidelines. Compensating Factors : Qualifying Credit Score is XXX; Reserves of XXX.XX months; XxXX-last XX months; Qualifying LTV is XX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Borrower Income Verification does not match Approval' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3466

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Appraisal guideline violation

Acknowledged

XX/XX/XXXX

2

Appraisal guideline violation

Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client. Approved Lender Exception (pg XXX CRSE) for square footage less than X,XXX.  Compensating Factors:  Credit Score / Reserves / Credit History / LTV; Appraisal guideline violation:  The subject property is XXX sq ft which is less the minimum required square footage of X,XXX. Lender Exception in file on CRSE (pg XXX).

Change severity of 'Appraisal guideline violation' from Material to Non-Material.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Appraisal guideline violation' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

2427

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Fraud Report Shows Uncleared Alerts

Cleared

XX/XX/XXXX

1

Fraud Report Shows Uncleared Alerts

Fraud report shows the following alerts that have not been cleared:   Identity and Third Party

Alerts from Fraud Report have been cleared. Received copy ofXXXX report showing no issues. Exception cleared.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Alerts from Fraud Report have been cleared. Received copy of Sam.gov report showing no issues. Exception cleared.

XXXX

XXXXX

XXX

XXX

XXX

3158

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Loan amount <$XXXk.  Management to review/clear.; Third Party Valuation Product Not Provided and CU Score is X.XX and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

Third Party Valuation Product Provided.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Assets: Reserves: Requirements not met.  Exception - The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX, cash out is not allowed as per guidelines.  Compensating Factors : Qualifying Credit Score is XXX; DTI - X% (Housing Ratio) // X% (Totasl); Housing payment decreasing; Residual Income of $X.  Acknowledged by client. ; The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX, cash out is not allowed as per guides.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Reserves:Requirements not met.  Exception - Per guidelines cash out cannot be used for reserves.  Compensating Factors : Credit History- XxXX-last XX months; Acknowledged by client. ; The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX. Per guidelines cash out cannot be used for reserves.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

897

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting CLTV exceeds Guideline Maximum Allowable

Acknowledged

XX/XX/XXXX

2

Underwriting CLTV exceeds Guideline Maximum Allowable

Underwriting CLTV of XX.XX  is greater than the maximum allowable guideline CLTV of XX.XX as per guidelines with a  DSCR of X.XX.

Change severity of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; Change status of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Received CRSE - LTV:Exceeds maximum allowed.  Underwriting LTV of XX.XX is greater than the maximum allowable guideline LTV of XX.XX.  Compensating factors : Credit History - XxXX-last XX months; Reserves. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

896

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Acknowledged

XX/XX/XXXX

2

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XX.XX  is greater than the maximum allowable guideline LTV of XX.XX based on a loan amount of XXXXXX.XX as per guidelines with a  DSCR of X.XX.

Change severity of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; Change status of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Received CRSE - LTV:Exceeds maximum allowed.  Underwriting LTV of XX.XX is greater than the maximum allowable guideline LTV of XX.XX.  Compensating factors : Credit History - XxXX-last XX months; Reserves. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

397

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Note Document Indicator is Partial

Acknowledged

XX/XX/XXXX

2

Note Document Indicator is Partial

Note document indicator is Partial. XX year I/O loans are not allowed as per guidelines.

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.; Change status of 'Note Document Indicator is Partial' from Active to Acknowledged by Client.; Received CRSE - Other:Borrower.  XX year I/O loans are not allowed per guidelines.  Compensating Factors : Credit History - XxXX-last XX months; Qualifying LTV is XX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3499

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Unresolved derogatory credit

Acknowledged

XX/XX/XXXX

2

Unresolved derogatory credit

Change severity of 'Unresolved derogatory credit' from Material to Non-Material.; Change status of 'Unresolved derogatory credit' from Active to Acknowledged by Client. Low LTV, good payment history on mortgage account, reserves are XXX.; Borrower has unresolved derogatory credit. Exception made for credit payment late history on consumer debt.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;. ;

Complete

Change severity of 'Unresolved derogatory credit' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Exception type: Assets- Reserves.  Guideline - Cash out cannot be used for reserves.  Actual - Used cash out for reserves. Rationale - Borr received $XXX,XXX.XX cash out which gives the borrower XXX mos reserves.  Compensating Factors : Reserves of XXX.XX; Qualifying LTV is XX.X.  Acknowledged by client. ; The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX, as cash out is not allowed as per guides.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;. ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3580

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product not Provided

Third Party Valuation Product not Provided to Support Origination Appraised Value within XX%.

CDA received - updating loan accordingly. ; Third Party Valuation Product Provided

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Third Party Valuation Product Provided

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

CDA received - updating loan accordingly. ; Third Party Valuation Product Provided.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

1261

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification does not match Approval

Acknowledged

XX/XX/XXXX

2

Borrower Income Verification does not match Approval

The borrower income verification does not match approval. DSCR ratio of X.XX is less than minimum allowed as per guides.

Change severity of 'Borrower Income Verification does not match Approval' from Material to Non-Material.; Change status of 'Borrower Income Verification does not match Approval' from Active to Acknowledged by Client.; Received CRSE - Other:Property. Exception - DSCR ratio of XX.XX is less than the minimum allowed as per guides.  Compensating Factors : Credit History: XxXX-last XX months; Qualifing LTV is XX.XXX. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Change severity of 'Borrower Income Verification does not match Approval' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3467

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Minimum Trade Line Requirement Not Met

Cleared

XX/XX/XXXX

1

Minimum Trade Line Requirement Not Met

Borrower(s) have not met the minimum tradeline requirement per lender guidelines.  Borrower's open tradelines are open less than XX months.

Received LOX with copy of Credit Report showing Mortgage paid in full on XX/XXXX.  Unless the borrower owns the property free and clear, at least X trade line must be a primary residential reporting for a minimum of XX months.  Exception cleared. ; Borrower(s) have met the minimum tradeline requirement per lender guidelines.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Borrower(s) have met the minimum tradeline requirement per lender guidelines.

XXXX

XXXXX

XXX

XXX

XXX

1276

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Is Completion Certificate in file is No

Cleared

XX/XX/XXXX

1

Is Completion Certificate in file is No

The appraisal was completed "Subject To" however, the file is missing the Completion Certificate.

X appraisals in the file dated same day from the same company.  The most recent appraisal (timestamp latest) shows property is As Is.  Confirmation of repairs were mentioned; but only needed if lender advised so.  Exception cleared. ; The Completion Certificate is Yes

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

The Completion Certificate is Yes

XXXX

XXXXX

XXX

XXX

XXX

929

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Security Instrument Indicator is Partial

Cleared

XX/XX/XXXX

1

Security Instrument Indicator is Partial

Borrower listed as XXX on security instrument.  Section X.X of the XXX guidelines dated XX/XX/XXXX require, "Copy of the filed articles of organization to evidence the existence of the LLC / Corporation.  Copy of the fully executed operating agreement reflecting the borrower is an authorized signer on behalf of the LLC / Corporation and has the power to first mortgage the security property for the purpose of securing a loan."  Provide copy of filed articles of organization.  Fully executed operating agreement in file does not advise if the borrower is an authorized signer on behalf of the LLC / Corporation and has the power to first mortgage the security property for the purpose of securing a loan.  Provide additional documentation to meet guideline requirements.

Copy of articles of organization for XXX provided.  Confirmed borrower is authorized.  Exception cleared. ; The security instrument indicator is Present

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The security instrument indicator is Present

XXXX

XXXXX

XXX

XXX

XXX

2571

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Final Loan Application is Partial

Cleared

XX/XX/XXXX

1

Final Loan Application is Partial

XXX and XXX are listed on fraud report (page XXX) as real estate owned.  Add properties to final XXXX.

Received final CDs on XXX and XXX.  Both are owned by XXX (solely) and do not need to be included.  Exception cleared. ; Final Loan Application is Present; Final Loan Application is Partial - XXX and XXX are listed on fraud report (page XXX) as real estate owned.  Add properties to final XXXX.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Final Loan Application is Present

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Cleared

XX/XX/XXXX

1

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXXX.XX.  Per guidelines, Cash-Out Proceeds cannot be used..

Copy of bank statement in file for Aug and Sept XXXX. Sufficient amount of funds to meet reserve requirements. ; The liquid reserves of X.XX months or $XXXXX.XX, is greater than or equal to the Guidelines minimum required of X.XX or $XXXXX.XX.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The liquid reserves of XXX months or $XXX, is greater than or equal to the Guidelines minimum required of XXX or $XXX.

XXXX

XXXXX

XXX

XXX

XXX

2578

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Housing history does not meet guidelines

Cleared

XX/XX/XXXX

1

Housing history does not meet guidelines

Housing history does not meet guidelines.; Provide documentation to verify payment history for XXX mortgage loan against subject property.  Provide copy of Note to verify amount of payment due and first due date.  Cancelled checks provided for XX/XXXX and XX/XXXX (pages XXX-XXX) do not verify post date.  Provide documentation to verify post date of these payments.

Received copy of post dates of the checks in July through September XXXX.  Exception cleared. ; Housing delinquency meets guidelines.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Housing delinquency meets guidelines.

XXXX

XXXXX

XXX

XXX

XXX

2587

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification is less than 12 months

Cleared

XX/XX/XXXX

1

Borrower Income Verification is less than 12 months

Borrower Income Verification is less than XX months

DSCR loan

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Acknowledged

XX/XX/XXXX

2

Asset Documents are Incomplete

Asset Documents are Incomplete:  Per guidelines assets must be sourced and seasoned for XX days.  Bank Statements for September XX, XXXX provided for all accounts : Personal Checking acct# XXXX XXXX XXXX; Personal Checking acct# XXXX XXXX XXXX; Personal Savings acct# XXXX XXXX XXXX.  Need statements dated July XX, XXXX through August XX, XXXX to meet requirements.

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.; Change status of 'Asset Documents are Incomplete' from Active to Acknowledged by Client.; Received CRSE. Exception Type: Assets-Reserves. Guideline - Cannot use Cash Out. Actual - Using Cash out for reserves.  Rationale - Loan closed under old guides which allowed cash out to be used for reserves.  Compensating Factors : Qualifying Credit Score is XXX; Reserves of XXX.XX months; Qualifying LTV is XX.XXX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

397

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Note Document Indicator is Partial

Acknowledged

XX/XX/XXXX

2

Note Document Indicator is Partial

Guidelines allow XX year fixed interest-only product with XX year I/O period; however, the file contains a note with a XX year fixed interest-only product with XX year I/O period.  Please provide documentation with the corrected product.

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.; Change status of 'Note Document Indicator is Partial' from Active to Acknowledged by Client.; Received CRSE - Exception Type - Other-Program. Guideline XX Year Interest Only program; Actual - XX Year Interest Only. Rationale - Loan locked under prior guidelines - XX year Interest Only program. Compensating Factors : Qualifying Credit Score is XXX; Reserves of XX.XX months; No lates in past X years; Qualifying LTV is XX.X.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXXX.XX.  Guidelines do not allow for cash-out to be used to satisfy the reserve requirement and there were no asset documents in file.  Please provide asset documentation for July XXXX and August XXXX to verify X months reserves of $XX,XXX.XX.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Exception Type:Other-Program. Guideline - Cannot use cash out for reserves. Actual - Used cash out for reserves. Rationale - Qualified using old guides which allowed cash out for reserves. Compensating Factors : Qualifying Credit Score is XXX; Reserves of XX.XX months; No lates in past X years; Qualifying LTV is XX.X.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The exception 'No Credit Findings' is cleared.; The loan meets all applicable credit guidelines.

The loan meets all applicable credit guidelines.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

2587

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification is less than 12 months

Cleared

XX/XX/XXXX

1

Borrower Income Verification is less than 12 months

Borrower Income Verification is less than XX months

DSCR loan

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

Income Verification of ___ is greater than XXX months.

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

Third Party Valuation Product Provided.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

397

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Note Document Indicator is Partial

Acknowledged

XX/XX/XXXX

2

Note Document Indicator is Partial

Note document indicator is Partial.  Per guidelines, XX Year I/O loans are not permitted.

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.; Change status of 'Note Document Indicator is Partial' from Active to Acknowledged by Client.; Received CRSE - Other: Borrower. Per guidelines, XX Year I/O loans are not permitted. Compensating Factors : Credit Score XXX; Reserves. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3467

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Minimum Trade Line Requirement Not Met

Acknowledged

XX/XX/XXXX

2

Minimum Trade Line Requirement Not Met

Change severity of 'Minimum Trade Line Requirement Not Met' from Non-Material to Material.; Change status of 'Minimum Trade Line Requirement Not Met' from Active to Acknowledged by Client. Per CRSE - Exception type: Other-Program.  Guideline - X PR mortgage history XX months; Actual - current PR is rented.  Rationale - The borrower currently rents their PR; has X investments, X with mortgage. Compensating Factors: Qualifying Credit Score is XXX; X% (housing) // X% (Total); Payment decreasing by XXX; Reserves of XX.XX months; Residual Income of $X.  Acknowledged by client. ; Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.; Borrower(s) have not met the minimum tradeline requirement per lender guidelines.  The lender’s guidelines require that X of the borrower trade lines be a XX-month primary mortgage history. The borrower rents their primary residence. A lender exception was approved. This finding will be considered non-material.

Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.

XX/XX/XXXX

. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

397

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Note Document Indicator is Partial

Acknowledged

XX/XX/XXXX

2

Note Document Indicator is Partial

Note document indicator is Partial.  Per guidelines, XX year product type is not allowable.  Loan is XX year I/O. The file does not contain an exception granted by the lender.

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.; Change status of 'Note Document Indicator is Partial' from Active to Acknowledged by Client.; Received CRSE - Other: Borrower. Per guidelines, XX year product type is not allowed.  Loan is XX year I/O.  Compensating Factors : Qualifying LTV is XX.XXX.  Acknowledged by client.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXXX.XX. Verified using XXX XX/XX/XXXX with XXX overlays. Reserves -Subject property X months seasoned XX days. Cash-Out may not be used to satisfy reserve requirements.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Rceived CRSE - Assets: Reserves: Requirements not met.  Exception : Reserves short. Reserves - Subject property X months seasoned XX days.  Compensating Factors : Credit History - XXX-last XX months; Qualifying LTV is XX.X. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX months or $XX,XXX.XX. Please provide acceptable documentation of assets, sourced and seasoned for XX-days Please note, per XXX Guidelines dated XX/XX/XXXX, cash out may not be used to satisfy reserve requirements

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Assets-Reserves. Guideline - Cannot use cash out for reserves. Actual - Used cash out for reserves. Rationale - Loan qualified under old guidelines - allowed to use cash out for reserves. Compensating Factors : Reserves of XX.XX months; Qualifying LTV is XX.XXX. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX. Reserves for the subject property must be seasoned for XX days, Cash out may not be used to satisfy reserve requirements.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Assets-Reserves. Guidelines - Cash out cannot be used for reserves. Actual - Used cash out for reserves. Rationale - Loan locked/closed under old guides which allowed cash out to be used for reserves. Compensating Factors : Qualifying Credit Score is XXX; Reserves of XXX.XX Months; XxXX- last XX months; Qualifying LTV is XX.XXX. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower X has significant job time - Borrower has XX.XX years on job ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ; Borrower has stable job time - Borrower has XX.XX years at job. ; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.; CU Score was not provided and FHLMC UCDP report shows not eligible.  Please provide TPV report.

CDA provided - updating loan accordingly.; Third Party Valuation Product Provided.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

3580

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product not Provided

Third Party Valuation Product Provided; CU Score was not provided and FHLMC UCDP report shows not eligible.  Please provide TPV report.; Third Party Valuation Product not Provided to Support Origination Appraised Value within XX%.

CDA provided - updating loan accordingly.; Third Party Valuation Product Provided; Third Party Valuation Product not Provided to Support Origination Appraised Value within XX%.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Third Party Valuation Product Provided

XXXX

XXXXX

XXX

XXX

XXX

2427

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Fraud Report Shows Uncleared Alerts

Cleared

XX/XX/XXXX

1

Fraud Report Shows Uncleared Alerts

Fraud report shows the following alerts that have not been cleared:  ProvideXXXX search clearing borrower name to clear high alert on report.

Received copy of XXXX report showing No matches found.  Exception cleared. ; Alerts from Fraud Report have been cleared.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Alerts from Fraud Report have been cleared.

XXXX

XXXXX

XXX

XXX

XXX

3466

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Appraisal guideline violation

Acknowledged

XX/XX/XXXX

2

Appraisal guideline violation

Appraisal guideline violation: Per Lender GLs X.X.X Ineligible Property Types - XXXX homes. Per appraisal page XXX, subject property is a XXXX. Appraisal used short term rentals to complete market analysis review.

Change severity of 'Appraisal guideline violation' from Material to Non-Material.; Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Property-Ineligible Property Type. Guideline -XXXX home ineligible. Actual - XXXX home. Rational - all comps are similar which shows common for the area. Compensating Factors : Qualifying Credit Score is XXX; Reserves of X.XX Months; No lates on credit ever (back to XXXX); All comps similar log homes. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Appraisal guideline violation' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1245

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Transmittal Summary is Missing

Cleared

XX/XX/XXXX

1

Transmittal Summary is Missing

Please provide final XXXX, missing from file.

Received final XXXX.  Reviewed calculations - exception cleared. ; The transmittal summary is Present

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The transmittal summary is Present

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Acknowledged

XX/XX/XXXX

2

Asset Documents are Incomplete

Asset Documents are Incomplete: Per Lender Matrix XX/XX/XXXX XXX overlays - XXX #XXXX assets Must be sourced or seasoned for XX Days. Only one bank statement in file.

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.; Change status of 'Asset Documents are Incomplete' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Assets-Seasoned/Sourcing. Guideline - XX days of bank statements; Actual - XX days of bank statements. Rationale - Approved under old guides which only required XX days of assets.  Compensating Factors : Qualifying Credit Score is XXX; Reserves of X.XX Months; No lates on credit ever (back to XXXX); All comps similar log homes. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3785

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Guideline Violation – Escrows Collected

Cleared

XX/XX/XXXX

1

Guideline Violation – Escrows Collected

Guidelines require escrows to be collected; however, escrows were not collected, and an escrow payment was not included in the original monthly mortgage payment. Per Matrix dated XX/XX/XXXX - Escrow Waiver Allowed when LTV ≤ XX%. LTV on this loan is XX%.

Change status of 'Guideline Violation – Escrows Collected ' from Acknowledged by Client to Cured Post Close.; Received CRSE - Exception Type: Program-LTV. Guideline - Max XX% LTV - waiving escrows. Actual - XX% LTV. Rationale - Approved under old guides which allowed XX% to waive escrows. Compensating Factors : Qualifying Credit Score is XXX; Reserves of X.XX Months; No lates on credit ever (back to XXXX); All comps similar log homes. Acknowledged by client. ; Change status of 'Guideline Violation – Escrows Collected ' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Program-LTV. Guideline - Max XX% LTV - waiving escrows. Actual - XX% LTV. Rationale - Approved under old guides which allowed XX% to waive escrows. Compensating Factors : Qualifying Credit Score is XXX; Reserves of X.XX Months; No lates on credit ever (back to XXXX); All comps similar log homes. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change status of 'Guideline Violation – Escrows Collected ' from Acknowledged by Client to Cured Post Close. Received CRSE - Exception Type: Program-LTV. Guideline - Max XX% LTV - waiving escrows. Actual - XX% LTV. Rationale - Approved under old guides which allowed XX% to waive escrows. Compensating Factors : Qualifying Credit Score is XXX; Reserves of X.XX Months; No lates on credit ever (back to XXXX); All comps similar log homes. Acknowledged by client.

XXXX

XXXXX

XXX

XXX

XXX

2075

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Title Issues Present

Cleared

XX/XX/XXXX

1

Title Issues Present

Title Issues Present

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The exception 'Title Issues Present' is cleared.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3467

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Minimum Trade Line Requirement Not Met

Acknowledged

XX/XX/XXXX

2

Minimum Trade Line Requirement Not Met

Approved Exception for exceeding credit payment History of XxXX in the last XX Months with a XxXX on a revolving credit card in X.XXXX. Compensating Factors: Reserves are XX.XX months; Approved Exception for exceeding credit payment History of XxXX in the last XX Months with a XxXX on a revolving credit card in X.XXXX. Compensating Factors: Reserves are XX.XX months  Approval P XXX per XXX and XXX dated XX/XX and XX/XX/XXXX.; Borrower(s) have not met the minimum tradeline requirement per lender guidelines.  ; Change status of 'Minimum Trade Line Requirement Not Met' from Active to Acknowledged by Client. Approved Exception for exceeding credit payment History of XxXX in the last XX Months with a XxXX on a revolving credit card in X.XXXX. Compensating Factors: Reserves are XX.XX months  Approval P XXX per XXX and XXX dated XX/XX and XX/XX/XXXX.; Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change status of 'Minimum Trade Line Requirement Not Met' from Active to Acknowledged by Client. Approved Exception for exceeding credit payment History of XxXX in the last XX Months with a XxXX on a revolving credit card in X.XXXX. Compensating Factors: Reserves are XX.XX months  Approval P XXX per XXX and XXX dated XX/XX and XX/XX/XXXX.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

XXX Guidelines dated X.XX.XXXX required X months of reserves seasonded for XX days and Cash out may not be used to satisfy reserve requirements.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Assets-Reserves. Guideline - Cannot use cash out for reserves; Actual - Used cash out for reserves. Rationale - Loan Qualified under old guides which allowed cash out for reserves. Compensating Factors : Reserves of XX.XX months; Seasoned landlord. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

896

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Acknowledged

XX/XX/XXXX

2

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XX.XX  is greater than the maximum allowable guideline LTV of XX.XX based on a loan amount of XXXXXX.XX and value used for LTV of XXXXXX.XX.

Change severity of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; Change status of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Per CRSE - Exception Type: LTV.  Guidelines: Max LTV of XX%; Actual: LTV: XX. Rationale - Locked prior to X/XX/XXXX. Compensating Factors : Verified Reserves are XX; XxXX-last XX months.  Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Change severity of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Cleared

XX/XX/XXXX

1

Asset Documents are Incomplete

Asset Documents are Incomplete: Martix XX/XX/XXXX with XXX overlay review -Assets must be sourced or seaonsed for XX days. XXX #XXXX savings account only has XX days sourced and seasoned.

Received LOX - Borrower have sufficient funds for cash to close and reserves using the other two accounts so the XXX account #XXXX can be safely removed, and the loan will meet the new seasoning requirements. Removing account. Exception cleared.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Received LOX - Borrower have sufficient funds for cash to close and reserves using the other two accounts so the XXX account #XXXX can be safely removed, and the loan will meet the new seasoning requirements. Removing account. Exception cleared.

XXXX

XXXXX

XXX

XXX

XXX

897

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting CLTV exceeds Guideline Maximum Allowable

Acknowledged

XX/XX/XXXX

2

Underwriting CLTV exceeds Guideline Maximum Allowable

Underwriting CLTV of XX.XX  is greater than the maximum allowable guideline CLTV of XX.XX.

Change severity of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; Change status of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Per CRSE - Exception Type: LTV.  Guidelines: Max LTV of XX%; Actual: LTV: XX. Rationale - Locked prior to X/XX/XXXX. Compensating Factors : Verified Reserves are XX; XxXX-last XX months.  Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Change severity of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1434

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Hazard Insurance Effective Date is after the Note Date

Cleared

XX/XX/XXXX

1

Hazard Insurance Effective Date is after the Note Date

The hazard insurance effective date of XX/X/XXXX is after the note date of XX/X/XXXX

Received LOX stating - Client attest that per XXXX at XXXX there have been no claims placed on this property for the hazard insurance.  Consummation date is XX/XX/XXXX with a disbursement date of XX/XX/XXXX.  Updating loan to reflect closing date - exception cleared.; The exception 'Hazard Insurance Effective Date is after the Note Date' is cleared.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The exception 'Hazard Insurance Effective Date is after the Note Date' is cleared.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Acknowledged

XX/XX/XXXX

2

Asset Documents are Incomplete

Asset Documents are Incomplete: Matrix XX/XX/XXXX with XXX overlays. Assets in file do not meet GLs and are only seasoned XX days. Reserves - Subject property X months seasoned XX days Assets - Must be sourced or seasoned for XX XX Days

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.; Change status of 'Asset Documents are Incomplete' from Active to Acknowledged by Client.; Received CRSE - Assets: Seasoning requirement not met.  Exception - Assets in file do not meet GLs and are only seasoned XX days. Compensating Factors : Payment Shock - X.XXX. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

896

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Cleared

XX/XX/XXXX

1

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XX.XX  is greater than the maximum allowable guideline LTV of X.XX based on a loan amount of XXXXXX.XX and value used for LTV of XXXXXX.XX.

Original LTV of XX.XX adheres to the guideline maximum LTV of XX.XX.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Original LTV of XX.XX adheres to the guideline maximum LTV of XX.XX.

XXXX

XXXXX

XXX

XXX

XXX

897

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting CLTV exceeds Guideline Maximum Allowable

Cleared

XX/XX/XXXX

1

Underwriting CLTV exceeds Guideline Maximum Allowable

Underwriting CLTV of XX.XX  is greater than the maximum allowable guideline CLTV of X.XX.

Original CLTV of XX.XX adheres to the guideline maximum CLTV of XX.XX.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Original CLTV of XX.XX adheres to the guideline maximum CLTV of XX.XX.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3466

XXXXX

Rate Term Refinance Borrower initiated

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Appraisal guideline violation

Acknowledged

XX/XX/XXXX

2

Appraisal guideline violation

Appraisal guideline violation:   X) X.X.X Ineligible Property Types - XXXX homes, Commercial Enterprise (e.g. bed and breakfast, boarding house, hotel). Per appraisal page XXX, subject property is a XXXX home. Per appraisal comments page XXX the subject property is a short term rental property. X) X.X.X Eligible Loan Purposes • Rate/Term Refinance - The property cannot be vacant. Per appraisal comments page XXX, the subject property is a short term rental property. Photos shows the property was vacant at the time of appraisal.

Change severity of 'Appraisal guideline violation' from Material to Non-Material.; Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client.; Received LOX and updated CRSE.  LOX states - The appraisal is marked tenant occupied, not vacant.  The appraisal photos show furniture in every room and it is setup for short term rentals.  Please see the  VRBO listing for the subject for vacation rental.  The property may not have had a tenant in the proeprty at the time of the appraisal however it is clearly a rental.  Updated CRSE shows : Exception Type: Property-Ineligible Property Type.  Guidelins - XXXX Homes ineligible.  Actual -XXXX Home.  Rationale - Property is aXXXXhome. Compensating Factors : Qualifying Credit Score is XXX; X% (Housing) // X% (Total); Payment decreasing by XXX; Residual Income of $X; No lates on credit (back to XXXX); X XXXX home comps bracket value.  Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Appraisal guideline violation' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3158

XXXXX

Rate Term Refinance Borrower initiated

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is X.XX and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

CDA received - updated loan accordingly. ; Third Party Valuation Product Provided.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

2587

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification is less than 12 months

Cleared

XX/XX/XXXX

1

Borrower Income Verification is less than 12 months

Borrower Income Verification is less than XX months

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Income Verification of ___ is greater than XX months.

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

Third Party Valuation Product Provided.; CDA received dated XX/X/XX

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

2177

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Property is located in a XXXX area

Cleared

XX/XX/XXXX

1

Property is located in a XXXXarea

Property is located in a FEMA disaster area with no post disaster inpection. FEMA declared XXX county in a disaster area (Hurricane XXX & Tropical Storm XXX) on XX/XX/XXXX, with no release date. The appraisal in file is dated XX/XX/XXXX and shows no damage. Exception is for informational pruposes only.

Post disaster inspection confirms no property damage

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Post disaster inspection confirms no property damage

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

2402

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

All Interested Parties Not Checked against Exclusionary Lists

Cleared

XX/XX/XXXX

1

All Interested Parties Not Checked against Exclusionary Lists

All Interested Parties Not Checked against Exclusionary Lists. Missing Appraiser and Title Company on Exclusionary List.

All Interested parties were checked and cleared with Exclusionary Lists. Exception Resolved.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower X has significant job time - Borrower has XX.XX years on job ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ; Borrower has stable job time - Borrower has XX.XX years at job. ; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years ;

Complete

All Interested parties were checked and cleared with Exclusionary Lists. Exception Resolved.

XXXX

XXXXX

XXX

XXX

XXX

1315

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Fully Executed Purchase Contract is Partial

Cleared

XX/XX/XXXX

1

Fully Executed Purchase Contract is Partial

The fully executed purchase contract is Partial; Missing sales contract extension extending closing to XX/XX/XX.

The fully executed purchase contract is Present. Received Addendum Exception resolved.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower X has significant job time - Borrower has XX.XX years on job ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ; Borrower has stable job time - Borrower has XX.XX years at job. ; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years ;

Complete

The fully executed purchase contract is Present. Received Addendum Exception resolved.

XXXX

XXXXX

XXX

XXX

XXX

894

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting FICO does not meet Guideline Minimum Required

Cleared

XX/XX/XXXX

1

Underwriting FICO does not meet Guideline Minimum Required

Underwriting FICO of X is less than the minimum required guideline FICO of XXX.

Underwriting FICO of XXX is greater than or equql to the minimum required guideline FICO of XXX.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Underwriting FICO of XXX is greater than or equql to the minimum required guideline FICO of XXX.

XXXX

XXXXX

XXX

XXX

XXX

3600

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third party AVM Confidence Score is less than 90%

Cleared

XX/XX/XXXX

1

Third party AVM Confidence Score is less than XX%

Third party AVM Confidence Score of XX.XX is less than XX%.

Additional third party valuation requested to support value.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Additional third party valuation requested to support value.

XXXX

XXXXX

XXX

XXX

XXX

1315

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Fully Executed Purchase Contract is Partial

Cleared

XX/XX/XXXX

1

Fully Executed Purchase Contract is Partial

The fully executed purchase contract is Partial- Sales price dsicrepancy- sales contract shows sales price as $ XXX,XXX; Appraisal shows sales price as $XXX,XXX; lender to provide sales contract to match appraisal sales price; or appraisal will need to be amended to correct sales price from $XXX,XXX to $XXX,XXX.

The fully executed purchase contract is Present. Confirmed the purchase price on the purchase contract matches the purchase price on the CS. The slightly higher sales price on the appraisal is supported by the CU and the difference is not material. Exception cleared.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

The fully executed purchase contract is Present. Confirmed the purchase price on the purchase contract matches the purchase price on the CS. The slightly higher sales price on the appraisal is supported by the CU and the difference is not material. Exception cleared.

XXXX

XXXXX

XXX

XXX

XXX

3580

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product not Provided

Third Party Valuation Product Provided; Third Party Valuation Product not Provided to Support Origination Appraised Value within XX%.

Third Party Valuation Product Provided

XX/XX/XXXX

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

Third Party Valuation Product Provided.

XX/XX/XXXX

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

2578

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Housing history does not meet guidelines

Acknowledged

XX/XX/XXXX

2

Housing history does not meet guidelines

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.; Change status of 'Housing history does not meet guidelines' from Active to Acknowledged by Client. Client provided guidelines exception allowing X*XX*XX in XX months based on XX months of reserves, LTV of XX.XXX% and FICO score of XXX.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

896

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Acknowledged

XX/XX/XXXX

2

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XX.XX  is greater than the maximum allowable guideline LTV of XX.XX based on a loan amount of XXXXXX.XX and value used for LTV of XXXXXX.XX with a DSCR of X.XX as per guides.

Change severity of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; Change status of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Program-LTV. Guideline - Max XX% LTV; Actual XX% LTV. Rationale - Locked/closed under the old guides which allowed XX% LTV. Compensating Factors : Qualifying Credit Score is XXX; Reserves of XX.XX Months; No lates in past X years. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

897

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting CLTV exceeds Guideline Maximum Allowable

Acknowledged

XX/XX/XXXX

2

Underwriting CLTV exceeds Guideline Maximum Allowable

Underwriting CLTV of XX.XX  is greater than the maximum allowable guideline CLTV of XX.XX with a DSCR of X.XX as required per guides.

Change severity of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; Change status of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Program-LTV. Guideline - Max XX% LTV; Actual XX% LTV. Rationale - Locked/closed under the old guides which allowed XX% LTV. Compensating Factors : Qualifying Credit Score is XXX; Reserves of XX.XX Months; No lates in past X years. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

397

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Note Document Indicator is Partial

Acknowledged

XX/XX/XXXX

2

Note Document Indicator is Partial

Note document indicator is Partial. Per guidelines, XX year I/O term is not allowed.

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.; Change status of 'Note Document Indicator is Partial' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Other-Program. Guideline - XX Year Interest Only program; Actual - XX Year Interest Only program. Rationale - Loan was locked/closed under old guidelines which allowed for a XX Year Interest Only Program. Rationale - Loan was locked/closed under old guidelines which allowed a XX Year Interest Only program. Acknowledcged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum  CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum  CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ; Borrower has stable job time - Borrower has X.XX years at job. ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXXX.XX. The file is missing an additoinal bank statement with XXX to confirm deposits are sourced and seasoned for XX days and cash out is not allowed as per guides.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Assets-Reserves. Guideline - Cash out cannot be used for reserves; Actual - Used cash out for reserves. Rationale - Locked/closed under old guidelines that allowed cash out to be used for reserves. Compensating Factors : Qualifying Credit Score is XXX; Reserves of XX.XX months; XxXX-last XX months. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

Third Party Valuation Product Provided.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXXX.XX.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received Signed Lender Exception CRSE approval allowing the use of cash out for reserves. Acknowledged by Client. Non-Material.; The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXXX.XX as per guides cash out is not allowed for reserves.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

2587

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification is less than 12 months

Cleared

XX/XX/XXXX

1

Borrower Income Verification is less than 12 months

Borrower Income Verification of X.XX is less than XX months.

Received XXX loan, no income is equired or needed. Clearing the input - exception cleared. ; Income Verification of ___ is greater than XX months.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Income Verification of ___ is greater than XX months.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X-months or $X.XX, are less than the Guidelines minimum required of X-months or $XX,XXX.XX. Net proceeds from this cash out transaction may not be used to meet reserve requirements per guidelines dated XX/XX/XXXX. Please provide eligible asset statements, source and seasoned XX-days that adequately cover the reserve requirements of $XX,XXX.XX. Additonal conditions may apply.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Assets: Reserves:Requirements not met.  Reserves short due to XXX guides.  Compensating Factors : Credit Score XXX; Payment Shock X.XXX. Credit History, zero lates back to XXXX. Acknowledged by client.

XX/XX/XXXX

Credit Score XXX; Payment Shock X.XXX. Credit History, zero lates back to XXXX. Acknowledged by client.

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

2578

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Housing history does not meet guidelines

Acknowledged

XX/XX/XXXX

2

Housing history does not meet guidelines

Housing history does not meet guidelines. XXXX and verification of rent proves that borrower is a renter. Per guidelines, borrower must own a Primary Residence.

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.; Change status of 'Housing history does not meet guidelines' from Active to Acknowledged by Client.; Received CRSE - Housing History requirements not met. Per guidelines, borrower must own a Primary Residence. Compensating Factors : Credit Score XXX; Payment Shock X.XXX. Acknowledged by client. Credit History, zero lates back to XXXX.

XX/XX/XXXX

Credit Score XXX; Payment Shock X.XXX. Credit History, zero lates back to XXXX. Acknowledged by client.

Complete

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

397

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Note Document Indicator is Partial

Acknowledged

XX/XX/XXXX

2

Note Document Indicator is Partial

Note document indicator is Partial.  XX year I/O is not permitted per guideliines

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.; Change status of 'Note Document Indicator is Partial' from Active to Acknowledged by Client.; Received CRSE - Other:Borrower. XX year I/O is not permitted per guidelines. Compensating Factors : Qualifying LTV is XX. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Note Document Indicator is Partial' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

2335

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

DSCR is less than guideline minimum

Acknowledged

XX/XX/XXXX

2

DSCR is less than guideline minimum

Minimum DSCR is .X.  ; Qualifying DSCR of X.XX is less than guideline minimum requirement of X.XX.

Change severity of 'DSCR is less than guideline minimum' from Material to Non-Material.; Change status of 'DSCR is less than guideline minimum' from Active to Acknowledged by Client.; Received CRSE - Other:Credit. DSCR of X.XX is less than guideine minimum requirement of X.XX. Compensating Factors : Qualifying LTV is XX. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'DSCR is less than guideline minimum' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Acknowledged

XX/XX/XXXX

2

Asset Documents are Incomplete

Asset Documents are Incomplete:  September guidelines require assets used as funds to close to be seasoned for XX days and docs in file do not support this requirement.  Please provide additional months statements for accounts used in transaction.

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.; Change status of 'Asset Documents are Incomplete' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Assets-Seasoning/Sourcing. Guideline - XX days bank statement; Actual - Have XX days bank statements. Rationale - Loan locked/closed under old guidelines which only required XX days seasoning of assets. Compensating Factors : Qualifying Credit Score is XXX; Reserves of XX.XX months; No lates ever on credit back to XXXX; Qualifying LTV is XX.XXX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $XX,XXX.XX, are less than the Guidelines minimum required of X.XX or $XX,XXX.XX. The Cash-Out is no longer allowed to meet reserve requirements.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Assets-Reserves. Guideline - Cash Out cannot be used for reserves. Actual - Used cash out for reserves. Rationale - Loan was locked/closed under old guides which allowed cash out to be used for reserves. Compensating Factors : Qualifying Credit Score is XXX; Reserves of XX.XX months; XxXX-last XX months; Qualifying LTV is XX.XXX. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

896

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Acknowledged

XX/XX/XXXX

2

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XX.XX%  is greater than the maximum allowable guideline LTV of XX.XX% based on a loan amount of $XXX,XXX.XX and value used for LTV of $XXX,XXX.XX.

Change severity of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; Change status of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Other. Guideline - Max LTV of XX% - XXX; Actual - LTV XX. Rationale - loan was locked on X/XX prior to X/XX update must close by XX/XX. Compensating Factors : Verified Reserves are XX; XxXX-last XX months. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Change severity of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

2460

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Desk Review variance to appraised value exceeds 10%

Cleared

XX/XX/XXXX

1

Third Party Desk Review variance to appraised value exceeds XX%

Third party Desk Review variance of -XX.XX exceeds XX% maximum allowed.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Change status of 'Third Party Desk Review variance to appraised value exceeds XX%' from Open Rebuttal to Cured Post Close. Received Xnd CDA - updating loan accordingly.

XXXX

XXXXX

XXX

XXX

XXX

3598

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party AVM to appraised value exceeds 10% allowable variance

Cleared

XX/XX/XXXX

1

Third Party AVM to appraised value exceeds XX% allowable variance

Third party AVM dated XX/XX/XXXX value of XXX,XXX with a variance of -XX.XXX% exceeds XX% allowable variance.

Received XX CDA - updating loan accordingly. ; Additional third party valuation requested to support value. Received XX CDA - updating loan accordingly.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Additional third party valuation requested to support value. Received Xnd CDA - updating loan accordingly.

XXXX

XXXXX

XXX

XXX

XXX

897

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting CLTV exceeds Guideline Maximum Allowable

Acknowledged

XX/XX/XXXX

2

Underwriting CLTV exceeds Guideline Maximum Allowable

Underwriting CLTV of XX.XX  is greater than the maximum allowable guideline CLTV of XX.XX.

Change severity of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Material to Non-Material.; Change status of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Other. Guideline - Max LTV of XX% - XXX; Actual - LTV XX. Rationale - loan was locked on X/XX prior to X/XX update must close by XX/XX. Compensating Factors : Verified Reserves are XX; XxXX-last XX months. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Change severity of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

2402

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

All Interested Parties Not Checked against Exclusionary Lists

Cleared

XX/XX/XXXX

1

All Interested Parties Not Checked against Exclusionary Lists

All Interested Parties Not Checked against Exclusionary Lists. Missing Appraiser and Title Company on Exclusionary List.

Received Sam.gov showing no results found.  Exception cleared. ; All Interested parties were checked and cleared with Exclusionary Lists

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

All Interested parties were checked and cleared with Exclusionary Lists

XXXX

XXXXX

XXX

XXX

XXX

3600

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third party AVM Confidence Score is less than 90%

Cleared

XX/XX/XXXX

1

Third party AVM Confidence Score is less than XX%

Third party AVM Confidence Score of XX.XX is less than XX%.

Received Xnd CDA - updating loan accordingly. ; Additional third party valuation requested to support value. Received Xnd CDA - updating loan accordingly.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Additional third party valuation requested to support value. Received Xnd CDA - updating loan accordingly.

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Cleared

XX/XX/XXXX

1

Asset Documents are Incomplete

Asset Documents are Incomplete: need full statement for XXX account  # XXXX to verify type of account and available percentage. Documentation provided is only a screen shot from XXXand does not contain identfying customer information. Please provide most recent statement, all pages to prove balance of $XX,XXX.XX. Need to source large deposit XX/X/XXXX in the amount of $XX,XXX.XX

Received copy of XXX #XXXX for XXX and XXX.  Verified and confirmed for XXX when the amount of $XX,XXX.XX was provided.  In addition, sourced the large deposit of $XX,XXX.XX.  Exception cleared. ; The exception 'Asset Documents are Incomplete' is cleared.

XX/XX/XXXX

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of XX.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The exception 'Asset Documents are Incomplete' is cleared.

XXXX

XXXXX

XXX

XXX

XXX

3794

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Occupancy Status

Cleared

XX/XX/XXXX

1

Occupancy Status

Occupancy is not supported by documentation provided in the loan file.

Change status of 'Occupancy Status' from Active to Acknowledged by Client.; Received CRSE - Exception Type:Other-Property. Guideline - Certificate of occupancy; Actual - Investment ICF Property. Rationale - Appraisal is tenant occupied, Primary residence is larger than investment.  Compensating Factors : Qualifying Credit Score is XXX; X% (Housing) // X% (Total); Payment decreasing by XXX; Reserves of XX.XX Months; Residual Income of $X. Acknowledged by client.; Neither the affidavit of intended occupancy nor the statement of business purpose was found in the file.  The hazard insurance does not include coverage for loss of rents.  Occupancy cannot be confirmed using the documentation provided.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Occupancy is supported by documentation provided in the loan file.

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.; Received CDA - updating loan accordingly.

Change status of 'Third Party Valuation Product Not Provided' from Active to Open Rebuttal.; Received CDA - updating loan accordingly.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided.; Received CDA - updating loan accordingly.

XXXX

XXXXX

XXX

XXX

XXX

3557

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Hazard Insurance Coverage is Not Sufficient.

Cleared

XX/XX/XXXX

1

Hazard Insurance Coverage is Not Sufficient.

Hazard insurance coverage of XXXXXX.XX is not sufficent. The subject loan amount is XXXXXX.XX with the hazard insurance replacement coverage XXXXXX.XX, and No estimated replacement value from insurance company was provided.; Please provide evidence of sufficient coverage.; The State of XXX enacted a statute effective X/XXXX that does not allow the insurance company to disclose guaranteed replacement coverage or the replacement cost estimator. However, the coverage is less than the loan amount, Loan amount $XXX,XXX.XX, coverage $XXX,XXX.XX.

Hazard insurance coverage is sufficient.  Replacement cost determined to be $XXXX,XXX; The State of XXX enacted a statute effective X/XXXX that does not allow the insurance company to disclose guaranteed replacement coverage or the replacement cost estimator.  However, the coverage is less than the loan amount, Loan amount $XXX,XXX.XX, coverage $XXX,XXX.XX.; Hazard insurance coverage of XXXXXX.XX is not sufficent. The subject loan amount is XXXXXX.XX with the hazard insurance replacement coverage of No and estimated replacement value from insurance company was not provided.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Hazard insurance coverage is sufficient.  Replacement cost determined to be $XXXX,XXX

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Cleared

XX/XX/XXXX

1

Asset Documents are Incomplete

Asset Documents are Incomplete: Per guidelines, Assets must be sourced and seasoned for XX days.  Bank Statements provided for all account for the month of XXX XXXX only.  Need additional month of documentation to support guideline requirements.

Received copy of XXX Bank Statements for Accts XXXX and XXXX.  Assets were sourced and seasoned for XX days - exception cleared. ; The exception 'Asset Documents are Incomplete' is cleared.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

The exception 'Asset Documents are Incomplete' is cleared.

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Acknowledged

XX/XX/XXXX

2

Asset Documents are Incomplete

Asset Documents are Incomplete per XXX Matrix dated XX/XX/XXXX. Assets - Must be sourced or seasoned for XX Days. Reserves - Subject Property requires X months seasoned XX days. File contains one bank statement for XXX #XXXX and #XXXX from XX/XX/XXXX - XX/XX/XXXX. File contains one online printout for XXX #XXXX from XX/XX/XXXX - XX/XX/XXXX. File requires one additional bank statement for both accounts.

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.; Change status of 'Asset Documents are Incomplete' from Active to Acknowledged by Client.; Received CRSE - Exception type: Asset-seasoning/Sourcing. Guideline - XX days of bank statements; Actual - Have XX days of bank statements.  Rationale - Locked under old guides which only req XX days of bank statements.  Compensating Factors : Qualifying Credit Score is XXX; X% (Housing) // X% (Total); Payment decreasing by XXX; Reserves of XXX.XX months; Residual Income of $X; XxXX - last XX months; seasoned landlord - owns X other rentals. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

2177

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Property located in XXXX Area with no subsequent Property Inspection

Cleared

XX/XX/XXXX

1

Property located in XXXX Area with no subsequent Property Inspection

Change status of 'Property is located in aXXXX area' from Active to Acknowledged by Client. Post Disaster Inspection on page XXX; Change severity of 'Property is located in aXXXX area' from Material to Non-Material.; Property is located in a XXXX area with no post disaster inpection; Appraiser Post Disaster Report on page XXX

Post disaster inspection confirms no property damage

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Post disaster inspection confirms no property damage

XXXX

XXXXX

XXX

XXX

XXX

3580

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product not Provided

Third Party Valuation Product Provided; Third Party Valuation Product not Provided to Support Origination Appraised Value within XX%.

CDA received - updated loan accordingly. ; Third Party Valuation Product Provided; Third Party Valuation Product not Provided to Support Origination Appraised Value within XX%.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Third Party Valuation Product Provided

XXXX

XXXXX

XXX

XXX

XXX

2578

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Housing history does not meet guidelines

Acknowledged

XX/XX/XXXX

2

Housing history does not meet guidelines

Housing history does not meet guidelines. Borrower does not own Primary Residence.  Per XXX XXX X XXXX, borrower must own a primary residence.

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.; Change status of 'Housing history does not meet guidelines' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Other-Credit. Guideline - To own primary residence; Actual - Rents primary residence. Rationale - Borr owns X other rental properties so a seasoned landlord. Compensating Factors : Qualifying Credit Score is XXX; X% (Housing) // X% (Total); Payment decreasing by XXX; Reserves of XXX.XX months; Residual Income of $X; XxXX - last XX months; seasoned landlord - owns X other rentals. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

CDA received - updated loan accordingly. ; Third Party Valuation Product Provided.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

2957

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Property located in XXXX Area with no subsequent Property Inspection

Cleared

XX/XX/XXXX

1

Property located in XXXX Area with no subsequent Property Inspection

Property located in FEMA Declared Disaster Area with no subsequent Property Inspection

Post Disaster Inspection provided reflecting no damage

XX/XX/XXXX

Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Post Disaster Inspection provided reflecting no damage

XXXX

XXXXX

XXX

XXX

XXX

3580

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product not Provided

Third Party Valuation Product not Provided to Support Origination Appraised Value within XX%.

CDA received - updating loan accordingly. ; Third Party Valuation Product Provided

XX/XX/XXXX

Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

CDA received - updating loan accordingly. ; Third Party Valuation Product Provided.

XX/XX/XXXX

Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

2177

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Property located in XXXX Area with no subsequent Property Inspection

Cleared

XX/XX/XXXX

1

Property located in XXXX Area with no subsequent Property Inspection

Property is located in a FEMA disaster area with no post disaster inpection: subject property in a FEMA disaster declared county- XXX for FEMA disaster # XXXX Hurricane XXX

Post disaster inspection confirms no property damage

XX/XX/XXXX

Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Post disaster inspection confirms no property damage

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Acknowledged

XX/XX/XXXX

2

Asset Documents are Incomplete

Asset Documents are Incomplete: Per guidelines, assets must be sourced and seasoned for XX days.  Bank Statements (August XXXX) provided for all accounts : Business acct# XXXXXXXXX; Business acct# XXXXXXXXXX; Business acct# XXXXXXXXX; Personal acct# XXXXXXXXX.  Need additional bank statements on all accounts to cover the XX days requirement.

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.; Change status of 'Asset Documents are Incomplete' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Assets-Seasoning/Sourcing. Guideline - XX days of bank statements; Actual - Have XX days of bank statements. Rationale - Loan approved under old guides which required only XX days seasoning of assets. Compensating Factors : Qualifying Credit Score is XXX; No lates ever on credit (back to XXXX); Seasoned landlord. Acknowledged by client.

XX/XX/XXXX

Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Acknowledged

XX/XX/XXXX

2

Asset Documents are Incomplete

Asset Documents are Incomplete: Guidelines require assets seasoned for XX days. only X month banks statements in file.

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.; Change status of 'Asset Documents are Incomplete' from Active to Acknowledged by Client.; Received CRSE - Exception Type:Assets-Seasoning/Sourcing. Guideline - XX days bank statements required; Actual - Only have XX days bank statements.  Rationale - Closed under the old guidelines which only required XX days of assets.  Compensating Factors : Qualifying Credit Score is XXX; Reserves of XX.XX months; Qualifying LTV is XX.XXX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

651

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Liabilities Verification Indicator is Partial

Cleared

XX/XX/XXXX

1

Borrower Liabilities Verification Indicator is Partial

Borrower liabilities verified indicator is Partial. The Borrower bought a new primary residence after divorce in X/XXXX. The file does not contain any evidence of expenses for this property. Lender to provide evidence the Borrower's primary residence is owned free and clear, as indicated on the Final XXXX. Lender to also supply evidence of property taxes and insurance and HOA (if applicable).  While DTI is not an issue on a DSCR, liabilities are.

Received LOX - Borrower purchased new primary on XXX XXXX.  First payment would be XXX XXXX.  Attached is a mortgage statement to confirm.  Pay history is not required since it is a new mortgage mortgage.  The UW forgot to match the XXX mortgage to the primary residence in the schedule of real estate however the mortgage was disclosed on the final XXXX.  Reviewed the final XXXX and confirm it was disclosed. The credit report also shows the mortgage on the previous primary showing XX months reviewed with no lates.  Exception cleared. ; Borrower liabilities verified indicator is Present

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Borrower liabilities verified indicator is Present

XXXX

XXXXX

XXX

XXX

XXX

2177

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Property located in XXXX Area with no subsequent Property Inspection

Cleared

XX/XX/XXXX

1

Property located in XXXX Area with no subsequent Property Inspection

Property is located in a FEMA disaster area with no post disaster inpection

Post disaster inspection confirms no property damage

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Post disaster inspection confirms no property damage

XXXX

XXXXX

XXX

XXX

XXX

3158

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is X.XX and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

CDA received - updating loan accordingly. ; Third Party Valuation Product Provided.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

3557

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Hazard Insurance Coverage is Not Sufficient.

Cleared

XX/XX/XXXX

1

Hazard Insurance Coverage is Not Sufficient.

The State of XXX enacted a statute effective X/XXXX that does not allow the insurance company to disclose guaranteed replacement coverage or the replacement cost estimator.  However, the coverage is less than the loan amount, Loan amount $XXX,XXX, coverage $XXX,XXX.; Hazard insurance coverage of XXXXXX.XX is not sufficent. The subject loan amount is XXXXXX.XX with the hazard insurance replacement coverage of No and estimated replacement value from insurance company was not provided.

RCE calculations provided by XXX - deemed sufficient. ; Hazard insurance coverage is sufficient.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Hazard insurance coverage is sufficient.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXXX.XX.  Guidelines do not allow for cash-out to be used to satisfy the reserve requirement and no asset documentation was provided in file.  Please provide XXX and XXX asset statements to meet the reserve requirement of $XX,XXX.XX.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Assets-Reserves. Guideline : Cannot use cash out for reserves; Actual - Used cash out for reserves. Rationale - Loan was locked/closed under old guidelines which allowed cash out to be used for reserves. Compensating Factors : Reserves of XX.XX months; No lates in past X years; Qualifying LTV is XX.XX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of X.XX is less than Guideline CLTV of XX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3466

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Appraisal guideline violation

Acknowledged

XX/XX/XXXX

2

Appraisal guideline violation

Appraisal guideline violation:  Guideline maximum XX% Delinquent XX days or more of Project properties.  Condo Approval form in file page XXX reflects XX%.  Lender requested and received a Guideline Exception Request (page XXX) citing compensating factors of no derog credit since inception and XX% LTV, XX% below max allowed.

Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client.; Lender requested and received a Guideline Exception Request (page XXX) citing compensating factors of no derog credit since inception and XX% LTV, XX% below max allowed.; Change severity of 'Appraisal guideline violation' from Material to Non-Material.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client. Lender requested and received a Guideline Exception Request (page XXX) citing compensating factors of no derog credit since inception and XX% LTV, XX% below max allowed.

XXXX

XXXXX

XXX

XXX

XXX

3600

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third party AVM Confidence Score is less than 90%

Cleared

XX/XX/XXXX

1

Third party AVM Confidence Score is less than XX%

Third party AVM Confidence Score of XX.XX is less than XX%.

Additional third party valuation requested to support value.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Additional third party valuation requested to support value.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

The exception 'No Credit Findings' is cleared.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The exception 'No Credit Findings' is cleared.

XXXX

XXXXX

XXX

XXX

XXX

2587

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification is less than 12 months

Cleared

XX/XX/XXXX

1

Borrower Income Verification is less than XX months

Borrower Income Verification is less than XX months

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower X has significant job time - Borrower has X.XX years on job ; Borrower has stable job time - Borrower has X.XX years at job. ;

Complete

DSCR loan

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

2957

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Property located in XXXX Area with no subsequent Property Inspection

Cleared

XX/XX/XXXX

1

Property located in XXXX Area with no subsequent Property Inspection

Property located in FEMA Declared Disaster Area with no subsequent Property Inspection: Hurricane XXX # XXXX declared disaster area in XXX County; appraisal dated X/X/XXXX prior to disasster; need missing PDI report.

Post Disaster Inspection provided

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Post Disaster Inspection provided

XXXX

XXXXX

XXX

XXX

XXX

2177

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Property is located in a XXXX area

Cleared

XX/XX/XXXX

1

Property is located in a XXXXarea

Property is located in a FEMA disaster area with no post disaster inpection

Change status of 'Property is located in a XXXX area' from Active to Cured Post Close.; Received Post Disaster Inspection showing no damage.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change status of 'Property is located in a XXXX area' from Active to Cured Post Close. Received Post Disaster Inspection showing no damage.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

The exception 'No Property Findings' is cleared.; Property and valuations related findings were not identified on the loan.

Property and valuations related findings were not identified on the loan.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

The loan meets all applicable credit guidelines.

XXXX

XXXXX

XXX

XXX

XXX

1261

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification does not match Approval

Acknowledged

XX/XX/XXXX

2

Borrower Income Verification does not match Approval

Please amend DSCR stated on CRSE doc. Using documents verified and rental estimate on appraisal ($XXXX), DSCR is X.XX. No documentation in file for the $XXXX net rental amount used by lender to calculate DSCR. Per guidelines matrix - Market Rents from Appraisal, or leases with proof of X months rents received is required for DSCR computations.

Change severity of 'Borrower Income Verification does not match Approval' from Material to Non-Material.; Change status of 'Borrower Income Verification does not match Approval' from Active to Acknowledged by Client.; Received CRSE - Other:Income. DSCR <X.XX Locked/closed under old guides - locked with pricing adj for DSCR<X.XX.  Compensating Factors : Credit Score XXX; Credit History - No lates in X years; LTV - XX.XXX%; Reserves - XX months. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Borrower Income Verification does not match Approval' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

894

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting FICO does not meet Guideline Minimum Required

Cleared

XX/XX/XXXX

1

Underwriting FICO does not meet Guideline Minimum Required

Underwriting FICO of X is less than the minimum required guideline FICO of XXX.; Underwriting FICO of X is less than the minimum required guideline FICO of XXX.; Underwriting FICO of X is less than the minimum required guideline FICO of XXX.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Underwriting FICO of XXX is greater than or equql to the minimum required guideline FICO of XXX.; Underwriting FICO of XXX is greater than or equal to the minimum required guideline FICO of XXX.; Underwriting FICO of XXX is greater than or equal to the minimum required guideline FICO of XXX.

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

3467

XXXXX

Rate Term Refinance Borrower initiated

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Minimum Trade Line Requirement Not Met

Acknowledged

XX/XX/XXXX

2

Minimum Trade Line Requirement Not Met

Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.; Change status of 'Minimum Trade Line Requirement Not Met' from Active to Acknowledged by Client. Client provided a guideline exception allowing for credit report reflects XxXXxXX, credit requirement is XxXXxXX based on verified reserves are at XX.XX-months, qualifying LTV is XX.XX%, XxXX on mtg for past XX-mos.

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3466

XXXXX

Rate Term Refinance Borrower initiated

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Appraisal guideline violation

Acknowledged

XX/XX/XXXX

2

Appraisal guideline violation

Change severity of 'Appraisal guideline violation' from Material to Non-Material.; Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client. Client provided a guideline exception allowing for sq ft of XXX which is < program requirement of X,XXX based on comparables bracked subject sq footage, XX.XX% LTV.

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Appraisal guideline violation' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Acknowledged

XX/XX/XXXX

2

Asset Documents are Incomplete

Asset Documents are Incomplete:  Per guidelines, Assets must be sourced and seasoned for XX days.  Bank Statement provided for XXX XXXX only.  Need prior month to source funds for an appropriate XX days as requested.

Change status of 'Asset Documents are Incomplete' from Active to Acknowledged by Client.; Received CRSE - Assets: Ok to use cashout to meet the reserve requirement. Compensating Factors : Credit Score - XXX; LTV XX%; Other - DSR above X. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

3603

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

No Credit Findings

Cleared

XX/XX/XXXX

1

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXXX.XX. Current guidelines do not allow cash out for reserves. Please provide XX days of verified asset statements.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Assets: Reserves:Requirements not met. Current guidelines do not allow cash out for reserves. Compensating Factors : Credit Score XXX; Qualifying LTV is XX.XXX. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3580

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product not Provided

Third Party Valuation Product not Provided to Support Origination Appraised Value within XX%.

CDA received - updating loan accordingly. ; Third Party Valuation Product Provided

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided

XXXX

XXXXX

XXX

XXX

XXX

3800

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Third Party Valuation Product Not Provided

Cleared

XX/XX/XXXX

1

Third Party Valuation Product Not Provided

Third Party Valuation Product Not Provided and CU Score is not provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

CDA received - updating loan accordingly. ; Third Party Valuation Product Provided.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Third Party Valuation Product Provided.

XXXX

XXXXX

XXX

XXX

XXX

2578

XXXXX

Cash Out: Home Improvement Renovation

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Housing history does not meet guidelines

Acknowledged

XX/XX/XXXX

2

Housing history does not meet guidelines

Housing history does not meet guidelines. Per Lender Guidelines dated X/X/XX, borrower must own a primary residence.

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.; Change status of 'Housing history does not meet guidelines' from Active to Acknowledged by Client.; Received CRSE - Credit: Housing history (mortgage/rent) requirements not met. Ok to Proceed. Borrower is renting, however there is satisfactory mortgage history present on Credit Report. Compensating Factors : Credit Score - XXX; LTV XX%. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Home Improvement Renovation

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

1170

XXXXX

Cash Out: Home Improvement Renovation

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Notice of Special Flood Hazards is Missing

Cleared

XX/XX/XXXX

1

Notice of Special Flood Hazards is Missing

The notice of special flood hazards is Missing

Received copy of Flood Cert - Notice of Special Flood Hazards in Not Applicable. ; The notice of special flood hazards is Not Applicable

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ;

Complete

The notice of special flood hazards is Not Applicable

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

Per Program Matrix dated X/XX/XXXX, Cash-Out may not be used to satisfy reserve requirements. Please provide X months bank statements to satisfy reserves.; The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXXX.XX.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Assets : Reserves:Requirements not met. Cash out proceeds can be used for reserves. Compensating Factors : Credit History - XxXX-last XX months; Qualifying LTV is XX.XXX.  Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

2578

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Housing history does not meet guidelines

Acknowledged

XX/XX/XXXX

2

Housing history does not meet guidelines

Housing history does not meet guidelines. Lenders guidelines for X/XX/XX state FTHB not allowed – borrower must own a primary residence. Borrower is renting their primary.

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.; Change status of 'Housing history does not meet guidelines' from Active to Acknowledged by Client.; Received CRSE - Credit:Housing history requirements not met. Borrower is a renter so one tradeline is not primary mortgage. Compensating Factors : Credit Score FICO XXX; Credit History - XxXX-last XX months. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3467

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Minimum Trade Line Requirement Not Met

Acknowledged

XX/XX/XXXX

2

Minimum Trade Line Requirement Not Met

Borrower(s) have not met the minimum tradeline requirement per lender guidelines. Lender GLs X.X Trade Lines - Unless the borrower owns the property free and clear, at least one (X) trade line must be a primary residential mortgage reporting for a minimum of twelve (XX) months. Borrower is renting their primary residence.

Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.; Change status of 'Minimum Trade Line Requirement Not Met' from Active to Acknowledged by Client.; Received CRSE - Credit:Housing history requirements not met. Borrower is a renter so one tradeline is not primary mortgage. Compensating Factors : Credit Score FICO XXX; Credit History - XxXX-last XX months. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Acknowledged

XX/XX/XXXX

2

Asset Documents are Incomplete

Asset Documents are Incomplete: Per lender Matrix dated XX/XX/XXXX - Assets must be sourced or seasoned for XX Days. XXX #XXXX was only sourced/seasoned for XX days.

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.; Change status of 'Asset Documents are Incomplete' from Active to Acknowledged by Client.; Received CRSE - Assets: Seasoning requirement not met. XX days seasoning not XX.  Compensating Factors : Credit Score FICO XXX; Credit History - XxXX-last XX months. Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Asset Documents are Incomplete' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3466

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Appraisal guideline violation

Acknowledged

XX/XX/XXXX

2

Appraisal guideline violation

Change severity of 'Appraisal guideline violation' from Material to Non-Material.; Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client. Lender approved exception for XXX sq ft based on XX months verified reserves and XxXX - last XX months.; Appraisal guideline violation:  Square footage of XXX Sq Ft does not meet guideline minimum of X,XXX sq. ft.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Appraisal guideline violation' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX-months or $X.XX are less than the Guidelines minimum required of X-months or $XX,XXX.XX. Net proceeds from this cash out transaction may not be used to meet reserve requirements per Guidelines dated XX/XX/XXXX. Please provide eligible asset statements, sourced and seasoned XX-days that adequately cover the reserve requirements of $XX,XXX.XX. *Additional conditions may apply.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Assets : Reserves:Requirements not met. Ok to use cash out proceeds as reserves. Compensating Factors : Credit History - XxXX-last XX months; Qualifying LTV is XX.XXX. Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

2095

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Insufficient cash to close.

Acknowledged

XX/XX/XXXX

2

Insufficient cash to close.

Cash to close in the amount of XXXXX.XX is greater than the available asset amount of XXXX.XX.  Guidelines require assets to be sourced or seasoned for XX days; however, asset documentation was only received for XX days.  Please provide the XXX bank statements for XXX xXXXX, xXXXX, xXXXX, xXXXX, xXXXX and xXXXX.

Change severity of 'Insufficient cash to close.' from Material to Non-Material.; Change status of 'Insufficient cash to close.' from Active to Acknowledged by Client.; Received CRSE - Assets: Seasoning requirement not met. XX day seasoning rather than XX. Compensating Factors : FICO XXX; Credit History - XxXX-last XX months; Qualifying LTV is XX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Insufficient cash to close.' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3466

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Appraisal guideline violation

Acknowledged

XX/XX/XXXX

2

Appraisal guideline violation

Appraisal guideline violation:  Guidelines require at least XXXX square feet of living area for the subject property; however, the subject has XXX square feet.  An exception was approved to allow this lower square footage due to low LTV and good FICO and credit history.  Compensating factors are verified reserves are XX, credit history XxXX in last XX months, and qualifying LTV is XX.

Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client.; .; Change severity of 'Appraisal guideline violation' from Material to Non-Material.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Assets: Seasoning requirement not met. XX day seasoning rather than XX. Compensating Factors : FICO XXX; Credit History - XxXX-last XX months; Qualifying LTV is XX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX. ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

2578

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Housing history does not meet guidelines

Acknowledged

XX/XX/XXXX

2

Housing history does not meet guidelines

Housing history does not meet guidelines. Per Lender Matrix dated XX/XX/XXXX - FTHB not allowed – borrower must own a primary residence. Borrower is renting a primary residence.

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.; Change status of 'Housing history does not meet guidelines' from Active to Acknowledged by Client.; Received CRSE - Credit: Housing history requirements not met. Is a renter and does not have mortgage trade line. Compensating Factors : Credit Score XXX; Qualifying LTV is XX.XXX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;  Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Housing history does not meet guidelines' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3467

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Minimum Trade Line Requirement Not Met

Acknowledged

XX/XX/XXXX

2

Minimum Trade Line Requirement Not Met

Borrower(s) have not met the minimum tradeline requirement per lender guidelines.   Per Lender GLs X.X Trade Lines - Unless the borrower owns the property free and clear, at least one (X) trade line must be a primary residential mortgage reporting for a minimum of twelve (XX) months. Borrower is renting a primary residence.

Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.; Change status of 'Minimum Trade Line Requirement Not Met' from Active to Acknowledged by Client.; Received CRSE - Assets: Reserves: Requirements not met. Using cashout proceeds for reserves. Compensating Factors : Credit Score XXX; Qualifying LTV is XX.XXX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;  Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Minimum Trade Line Requirement Not Met' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;  Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Property and valuations related findings were not identified on the loan.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $X.XX, are less than the Guidelines minimum required of X.XX or $XX,XXX.XX. Per Lender Matrix dated XX/XX/XXXX - Cash-Out may not be used to satisfy reserve requirements. The file contains no other asset verification.

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.; Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Assets: Reserves: Requirements not met. Using cashout proceeds for reserves. Compensating Factors : Credit Score XXX; Qualifying LTV is XX.XXX.  Acknowledged by client.

XX/XX/XXXX

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX. ;  Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Change severity of 'Liquid Reserves are less than Guidelines Required' from Material to Non-Material.

XXXX

XXXXX

XXX

XXX

XXX

1462

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Liquid Reserves are less than Guidelines Required

Acknowledged

XX/XX/XXXX

2

Liquid Reserves are less than Guidelines Required

The liquid reserves of X.XX months or $XXXX.XX, are less than the Guidelines minimum required of X.XX or $XXXX.XX.  Per X/XX/XX matrix, cash out may not be used to satisfy reserve requirements.

Change status of 'Liquid Reserves are less than Guidelines Required' from Active to Acknowledged by Client.; Received CRSE - Assets: Reserves: Requirements not met. Using cashout proceeds for reserves. Compensating Factors : Credit Score XXX; Credit History - XxXX-last XX months; LTV XX.XX.  Acknowledged by client.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

1261

XXXXX

Cash Out: Home Improvement Renovation

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Borrower Income Verification does not match Approval

Acknowledged

XX/XX/XXXX

2

Borrower Income Verification does not match Approval

The borrower income verification does not match approval. Appraisal reflects that the subject property is currently rented however the lease agreement was not provided, and the appraisal does not reference the amount that the property is currently rented for.  Per guidelines DSCR ratio should be calculated based on the lesser of the current lease amount or the Market rents.

Change status of 'Borrower Income Verification does not match Approval' from Active to Acknowledged by Client.; Received CRSE - Exception Type: Program-DSCR. Guideline - Use lesser of actual rent or appraiser's market rent. Actual - Used appraiser's market rent without getting current lease. Rationale - Closed under old AO guidelines that did not require getting current lease. Can use appraiser's market rent for a refinance. Compensating Factors : Qualifying Credit Score is XXX; Reerves of XX.XX Months; Credit History - XxXX-last XX onths; Qualifying LTV is XX; Comp rent schedule brackets rental amount. Acknowledged by client.

XX/XX/XXXX

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

3467

XXXXX

Cash Out: Home Improvement Renovation

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Minimum Trade Line Requirement Not Met

Acknowledged

XX/XX/XXXX

2

Minimum Trade Line Requirement Not Met

Guidelines state XxXX in Last XX months.  Borrower has XxXX in Months XX-XX.  Lender exception XxXX pg XXX.  Email is on pg X.

Change status of 'Minimum Trade Line Requirement Not Met' from Active to Acknowledged by Client.; Guidelines state XxXX in Last XX months.  Borrower has XxXX in Months XX-XX.  Lender exception XxXX pg XXX.  Email is on pg X.

XX/XX/XXXX

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

2427

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Fraud Report Shows Uncleared Alerts

Cleared

XX/XX/XXXX

1

Fraud Report Shows Uncleared Alerts

Fraud report shows the following alerts that have not been cleared: Possible undisclosed properties owned located at XXX and XXX (only a signed letter from Borrowers in file for XXX, need third party documentation).  Also, missing documentation confirming XXX is not on the SAM.gov Exclusionary List (only Borrower/XXX was searched).; Copy of Sam.gov report for XXX provided showing No Results Found. Exception cleared.

Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.; Copy of XXXXreport for XXXX provided shoing No Results Found. Exception cleared.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Alerts from Fraud Report have been cleared.; Copy of Sam.gov report for XXX provided showing No Results Found. Exception cleared.

XXXX

XXXXX

XXX

XXX

XXX

3605

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Asset Documents are Incomplete

Cleared

XX/XX/XXXX

1

Asset Documents are Incomplete

Asset Documents are Incomplete:  XXX checking account #XXXX (provided to document private mortgage payment history) does not list CoBorrower's full name to confirm owner of account to use for assets nor does it provide a full transaction summary of credits/debits spanning a XX day time frame. ; Asset Documents are Incomplete:  The file contains a printout for XXX checking account #XXXX  confirming the current balance, however the most recent two months bank statement is required to confirm the owner of the account and to confirm assets are sourced or seasoned for XX days as required per guides.   ; Received LOX - Trans history shows XXX (borrower) co borrower name not needed on a document verifying payment history. This is a cash out refinance where cash out proceeds are being used for reserves (see CRSE).  Reviewed - confirmed.  Exception cleared.

Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.; Received LOX - Trans history shows XXX (borrower) co borrower name not needed on a document verifying payment history. This is a cash out refinance where cash out proceeds are being used for reserves (see CRSE).  Reviewed - confirmed.  Exception cleared.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

.; The exception 'Asset Documents are Incomplete' is cleared.; Received LOX - Trans history shows XXX (borrower) co borrower name not needed on a document verifying payment history. This is a cash out refinance where cash out proceeds are being used for reserves (see CRSE).  Reviewed - confirmed.  Exception cleared.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

2427

XXXXX

Cash Out: Home Improvement Renovation

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Fraud Report Shows Uncleared Alerts

Cleared

XX/XX/XXXX

1

Fraud Report Shows Uncleared Alerts

Fraud report shows the following alerts that have not been cleared:  SAM alerts for XXX, Loan Originator XXX were not cleared, no additional documentation was provided to clear the high alerts. ; Received copy of Sam.gov showing No Matches Found.  Exception cleared.

Change status of 'Fraud Report Shows Uncleared Alerts' from Active to Open Rebuttal.; Received copy of XXXX showing No Matches Found.  Exception cleared.

XX/XX/XXXX

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

Alerts from Fraud Report have been cleared.; Received copy of Sam.gov showing No Matches Found.  Exception cleared.

XXXX

XXXXX

XXX

XXX

XXX

3782

XXXXX

Cash Out: Home Improvement Renovation

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

No Property Findings

Cleared

XX/XX/XXXX

1

No Property Findings

Property and valuations related findings were not identified on the loan.

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ;

Complete

XXXX

XXXXX

XXX

XXX

XXX

894

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Underwriting FICO does not meet Guideline Minimum Required

Cleared

XX/XX/XXXX

1

Underwriting FICO does not meet Guideline Minimum Required

Underwriting FICO of X is less than the minimum required guideline FICO of XXX.

Underwriting FICO of XXX is greater than or equql to the minimum required guideline FICO of XXX.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ; Borrower has stable job time - Borrower has X.XX years at job. ;

Complete

Underwriting FICO of XXX is greater than or equal to the minimum required guideline FICO of XXX.

XXXX

XXXXX

XXX

XXX

XXX

2571

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Final Loan Application is Partial

Cleared

XX/XX/XXXX

1

Final Loan Application is Partial

Final Loan Application is Partial; Need Citizenship completed on Final XXXX for borrower two (XXX pg XX).; Received updated Final XXXX showing XXXX is XXXX.  Updating loan accordingly.

Change status of 'Final Loan Application is Partial' from Active to Open Rebuttal.; Received updated Final XXXX showing XXXX is XXXX.  Updating loan accordingly. ; Need Citizenship completed on Final XXXX for borrower two (XXX pg XX).

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX  are greater than the Guideline Minimum of X.XX or $XXXX.XX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years ; Borrower has stable job time - Borrower has X.XX years at job. ;

Complete

Final Loan Application is Present; Received updated Final XXXX showing CoBwr is XXXX.  Updating loan accordingly.

XXXX

XXXXX

XXX

XXX

XXX

2075

XXXXX

Cash Out: Other Multi purpose Unknown purpose

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Property

Title Issues Present

Cleared

XX/XX/XXXX

1

Title Issues Present

The following issues were noted:  Loan was closed in the name of an LLC (XXX, LLC).  Operating agreement is not provided for review to confirm the borrower is an authorized signer.  Operating agreement is provided for XXX, but this is not the LLC on the final mortgage and note. Title also shows proposed insured as XXX vs XXX ; Received final title policy showing title in XXX. Reviewed the LLC documentation to confirm borrower is sole owner of company.  Exception cleared.

Change status of 'Title Issues Present' from Active to Open Rebuttal.; Received final title policy showing title in XXX. Reviewed the LLC documentation to confirm borrower is ssole owner of company.  Exception cleared.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than X years at current residence - Borrower at current residence X.XX years ;

Complete

The exception 'Title Issues Present' is cleared.; Received final title policy showing title in XXX LLC. Reviewed the LLC documentation to confirm borrower is sole owner of company.  Exception cleared.

XXXX

XXXXX

XXX

XXX

XXX

3415

XXXXX

Other than first time Home Purchase

Investment Property

XX/XX/XXXX

XXX

XXXXXX

Closed

XX/XX/XXXX

Credit

Loan amount is less than the minimum required loan amount

Acknowledged

XX/XX/XXXX

2

Loan amount is less than the minimum required loan amount

Lender approved exception on CRSE for minimum loan amount GL $XXX; actual loan amount $XXX.; Change status of 'Loan amount is less than the minimum required loan amount' from Active to Acknowledged by Client. Client provided guidelines exception allowing less than minimum loan amount based on XXX months verified reserves.; Change severity of 'Loan amount is less than the minimum required loan amount' from Material to Non-Material.

Change severity of 'Loan amount is less than the minimum required loan amount' from Material to Non-Material.; Change severity of 'Loan amount is less than the minimum required loan amount' from Non-Material to Material.; Change status of 'Loan amount is less than the minimum required loan amount' from Active to Acknowledged by Client.; Per CRSE - Exception Type: Loan Amount.  Guideline: Loan Amount: $XXXX - $XXXX - HALO; Actual - Loan Amount: $XXXX.  Rationale - Exception to allow $XXXX loan amount exception (min loan amount of $XXXX).  Copmensating Factors : Verified reserves are XX. Acknowledged by client. ; Loan amount of XXXX is less than the minimum required loan amount of XXXX.XX.  ; Loan amount of XXXX.XX is greater than or equal to the minimum required loan amount of XXXX.XX.; ; Lender approved exception remains on file due to GS overlay review 11/16/22.

XX/XX/XXXX

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ;

Complete

Change severity of 'Loan amount is less than the minimum required loan amount' from Material to Non-Material.