Exhibit 1

 

Independent Accountants’ Agreed-Upon Procedures Report

GreatAmerica Financial Services Corporation (the “Company”)

BofA Securities, Inc.

Wells Fargo Securities, LLC

BMO Capital Markets Corp.

Regions Securities LLC

(together, the “Specified Parties”)

Re: GreatAmerica Leasing Receivables Funding, L.L.C., Series 2026-1 - Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled “2026.02.28 GALRF 2026-1 Pool Cut_Sent.xlsx” provided by the Company on March 12, 2026, containing information on 20,493 contracts (the “Contracts”) as of February 28, 2026 (the “Data File”), which we were informed are intended to be included as collateral in the offering of GreatAmerica Leasing Receivables Funding, L.L.C., Series 2026-1. The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

 

•

The term “compared” means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold.

 

•

The term “recomputed” means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold.

 

•

The term “reporting threshold” means that dollar amounts and percentages were within $1.00 and 0.1%, respectively.

 

•

The term “Cutoff Date” means February 28, 2026.

 

•

The term “Sources” means information contained in the Company’s onBase electronic records system (Booking Sheet, Agreement, Amendment, Supplement to Agreement, Schedule, Approval Letter, or Rebook General Docs) and Solifi electronic records system (Contract Summary, Customer Addresses, Key Dates and Financials, Residual Information, or Payment Information).

 

•

The term “Instructions” means the instructions provided by the Company pertaining to a procedure, attribute, or methodology, as described in the procedures below.

 

•

The term “Provided Information” means the Cutoff Date, Sources, and Instructions.

 

 

The procedures we were instructed by the Company to perform are as follows:

 

A.

We removed 132 Contracts with a value of “10001” or “10004” in the “ProgramTypeID” field from the Data File, and then randomly selected a sample of 150 Contracts (the “Selected Contracts”) from the remaining 20,361 contracts using a random sampling tool. A listing of the Selected Contracts is attached hereto as Exhibit A. For purposes of this procedure, the Company did not inform us of the basis they used to determine the number of contracts we were instructed to randomly select from the Data File.

 

B.

For each Selected Contract, we compared or recomputed the specified attributes in the Data File listed below to or using the corresponding information included in the Sources, utilizing the Instructions, as applicable. The Company indicated that the absence of any of the information in the Sources or the inability to agree the indicated information from the Data File to the Sources for each of the attributes identified, utilizing the Instructions as applicable, constituted an exception. The Sources are listed in the order of priority.

 

 

2

 

We were engaged by the Company to perform this agreed-upon procedures engagement. We conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Contracts, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Contracts to stated underwriting or credit extension guidelines, standards, criteria, or other requirements, (ii) the value of collateral securing any such Contracts being securitized, (iii) the compliance of the originator of the Contracts with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Contracts that would be material to the likelihood that the issuer of the receivable-backed notes will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations (“NRSROs”).

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California

April 2, 2026

 

3

Exhibit A

The Selected Contracts

 

Selected		Selected Contract				Selected		Selected Contract				Selected		Selected Contract
Contract #		Unique ID*				Contract #		Unique ID*				Contract #		Unique ID*
1			20261001			51			20261051			101			20261101
2			20261002			52			20261052			102			20261102
3			20261003			53			20261053			103			20261103
4			20261004			54			20261054			104			20261104
5			20261005			55			20261055			105			20261105
6			20261006			56			20261056			106			20261106
7			20261007			57			20261057			107			20261107
8			20261008			58			20261058			108			20261108
9			20261009			59			20261059			109			20261109
10			20261010			60			20261060			110			20261110
11			20261011			61			20261061			111			20261111
12			20261012			62			20261062			112			20261112
13			20261013			63			20261063			113			20261113
14			20261014			64			20261064			114			20261114
15			20261015			65			20261065			115			20261115
16			20261016			66			20261066			116			20261116
17			20261017			67			20261067			117			20261117
18			20261018			68			20261068			118			20261118
19			20261019			69			20261069			119			20261119
20			20261020			70			20261070			120			20261120
21			20261022			71			20261071			121			20261121
22			20261022			72			20261072			122			20261122
23			20261023			73			20261073			123			20261123
24			20261024			74			20261074			124			20261124
25			20261025			75			20261075			125			20261125
26			20261026			76			20261076			126			20261126
27			20261027			77			20261077			127			20261127
28			20261028			78			20261078			128			20261128
29			20261029			79			20261079			129			20261129
30			20261030			80			20261080			130			20261130
31			20261031			81			20261081			131			20261131
32			20261032			82			20261082			132			20261132
33			20261033			83			20261083			133			20261133
34			20261034			84			20261084			134			20261134
35			20261035			85			20261085			135			20261135
36			20261036			86			20261086			136			20261136
37			20261037			87			20261087			137			20261137
38			20261038			88			20261088			138			20261138
39			20261039			89			20261089			139			20261139
40			20261040			90			20261090			140			20261140
41			20261041			91			20261091			141			20261141
42			20261042			92			20261092			142			20261142
43			20261043			93			20261093			143			20261143
44			20261044			94			20261094			144			20261144
45			20261045			95			20261095			145			20261145
46			20261046			96			20261096			146			20261146
47			20261047			97			20261097			147			20261147
48			20261048			98			20261098			148			20261148
49			20261049			99			20261099			149			20261149
50			20261050			100			20261100			150			20261150

 

(*)	The Company has assigned a unique ID to each Contract in the Data File. The Contract IDs referred to in this Exhibit are not the Company’s Contract IDs.