They should easily have 3, maybe 4 losses right now... They lost their first game and didn't drop much at all and if they lose in their conference championship game, they are still in.
I get that BYU's loss isn't good, and BYU has also had some close wins that could have easily been a loss, but we have played and beaten ranked teams... Our schedule vs results is far better than Miami right now by a country mile... But because of logo and brand... Miami gets the benefit of doubt.