TPR Firm: Report Date: 6/26/2025
Client Name: Loan Funding Structure V Report: Review Summary
Deal Name: BRAVO 2025-NQM7 Loans in report: 1
Final Overall Grade Summary        
Overall # of Mortgage Loans % of Mortgage Loans        
A 1 100.00%         Data Compare Field Name # of Discrepancies % Accuracy
B 0 0.00%         ARM Interest Data 0 100.00%
C 0 0.00%         Amortization Term 0 100.00%
Total 1 100.00%         Borrower 1 First Name 0 100.00%
              Borrower 1 Last Name 0 100.00%
Credit Grade Summary         Borrower 2 First Name 0 100.00%
Credit # of Mortgage Loans % of Mortgage Loans         Borrower 2 Last Name 0 100.00%
A 1 100.00%         Borrower 1 FTHB 0 100.00%
B 0 0.00%         Borrower 2 FTHB 0 100.00%
C 0 0.00%         Doc Type 0 100.00%
Total 1 100.00%         First Payment Date 0 100.00%
              Interest Only Flag 0 100.00%
Compliance Grade Summary         Lien Position 0 100.00%
Compliance # of Mortgage Loans % of Mortgage Loans         Loan Program 0 100.00%
A 1 100.00%         Loan Purpose 0 100.00%
B 0 0.00%         Loan Type 1 0.00%
C 0 0.00%         Maturity Date 0 100.00%
Total 1 100.00%         Note Date 0 100.00%
              Number of Units 0 100.00%
Property Grade Summary             Occupancy 0 100.00%
Property # of Mortgage Loans % of Mortgage Loans         Original Interest Rate 0 100.00%
A 1 100.00%         Original Loan Amount 0 100.00%
B 0 0.00%         Original Loan Term 0 100.00%
C 0 0.00%         Original P&I 0 100.00%
Total 1 100.00%         Originator DSCR 0 100.00%
              Prepayment Penalty 0 100.00%
              Property Address 0 100.00%
Exception Summary
Below provides a summary of the individual exceptions based on the general categories of Credit, Compliance, and Property.
    Property City 0 100.00%
    Property State 0 100.00%
* Loan was not delivered to the reviewer or the file is not sufficiently complete to perform the basic review.   Property Zip Code 0 100.00%
Credit Exception Categories Exception Count Credit  Grade A Credit  Grade B Credit  Grade C Credit Grade D *   Property Type 0 100.00%
Assets 0 0 0 0 0   QM Designation 0 100.00%
Borrower 0 0 0 0 0   Qualifying Appraised Value 0 100.00%
Closing 0 0 0 0 0   Qualifying CLTV 0 100.00%
Data 0 0 0 0 0   Qualifying FICO 0 100.00%
Debt 0 0 0 0 0   Qualifying LTV 0 100.00%
Eligibility 1 1 0 0 0   Qualifying Total DTI 0 100.00%
Income/Employment 0 0 0 0 0   Refinance Type 0 100.00%
Insurance 0 0 0 0 0   Sales Price 0 100.00%
Missing Doc 1 1 0 0 0   Subordinate Lien Amount 0 100.00%
QM-ATR 0 0 0 0 0   Underwriting Guideline Name 0 100.00%
Title 0 0 0 0 0   Total 1 97.30%
Total 2 2 0 0 0        
                 
Compliance Exception Categories Exception Count Compliance Grade A Compliance Grade B Compliance Grade C Compliance Grade D *        
Ability to Repay 0 0 0 0 0        
Closing 0 0 0 0 0        
Compliance  0 0 0 0 0        
Data 0 0 0 0 0        
Disclosure 0 0 0 0 0        
Documentation 0 0 0 0 0        
Fees 0 0 0 0 0        
Missing Doc 1 1 0 0 0        
Points & Fees 0 0 0 0 0        
QM-ATR 0 0 0 0 0        
Right to Rescind 0 0 0 0 0        
State Reg 0 0 0 0 0        
TRID 0 0 0 0 0        
Total 1 1 0 0 0        
                   
Property Exception Categories Exception Count Property Grade A Property Grade B Property Grade C Property Grade D *        
Appraisal 0 0 0 0 0        
Data 0 0 0 0 0        
Missing Doc 1 1 0 0 0        
Property Issue 0 0 0 0 0        
Value 0 0 0 0 0        
Total 1 1 0 0 0