Let me assume you are using ECSPI1 pins for UART3:
Open the Base board schematic of Imx8MM-EVK, and find page 10, we can see the following warnings:

It means that internal pull(up/down) is invalid when using 3.3V IO, so we should disable internal pull(up/down) of UART pins of CPU.
For example, some customers use ECSPI1 PADs to multiplexed UART signals:

Device tree should be changed like below:
Open linux-imx/arch/arm64/boot/dts/freescale/imx8mm-evk.dtsi, and find pinctrl_uart3 node, modify PAD strength from 0x140 to 0x40, like below:
pinctrl_uart3: uart3grp {
fsl,pins = <
MX8MM_IOMUXC_ECSPI1_SCLK_UART3_DCE_RX 0x40
MX8MM_IOMUXC_ECSPI1_MOSI_UART3_DCE_TX 0x40
MX8MM_IOMUXC_ECSPI1_SS0_UART3_DCE_RTS_B 0x40
MX8MM_IOMUXC_ECSPI1_MISO_UART3_DCE_CTS_B 0x40
>;
};
Above code was validated on i.MX8MM-EVK+AW-CM276-uSD January 2021.
[Note]
As for my personal opinion, probably even if IO=1.8V, timeout issue also occur, so above code can also be used.
Above code has been validated for Bluetooth which uses UART3 port.
You can try it.