Loan Number

Seller Loan Number

Originator

Last Name

Note Date

Original Balance

State

TPR QM ATR Status

Loan Status

Exception Date

Remediation Status

Exception ID

Exception Type

Exception Category

Exceptions

Exception Rebuttal

Exception Rebuttal Date

Exception Rebuttal Response

Exception Rebuttal Response Date

Compensating Factors

Initial Overall Loan Grade

Final Overall Loan Grade

Initial Exception Grade

Final Exception Grade

Initial Credit Grade

Final Credit Grade

Initial Property Valuation Grade

Final Property Valuation Grade

Initial Compliance Grade

Final Compliance Grade

Initial Overall Grade (DBRS/Morningstar)

Initial Credit Grade (DBRS/Morningstar)

Initial Property Valuation Grade (DBRS/Morningstar)

Initial Compliance Grade (DBRS/Morningstar)

Initial Overall Grade (Fitch)

Initial Credit Grade (Fitch)

Initial Property Valuation Grade (Fitch)

Initial Compliance Grade (Fitch)

Initial Overall Grade (Kroll)

Initial Credit Grade (Kroll)

Initial Property Valuation Grade (Kroll)

Initial Compliance Grade (Kroll)

Initial Overall Grade (Moodys)

Initial Credit Grade (Moodys)

Initial Property Valuation Grade (Moodys)

Initial Compliance Grade (Moodys)

Initial Overall Grade (S&P)

Initial Credit Grade (S&P)

Initial Property Valuation Grade (S&P)

Initial Compliance Grade (S&P)

Final Overall Grade (DBRS/Morningstar)

Final Credit Grade (DBRS/Morningstar)

Final Property Grade (DBRS/Morningstar)

Final Compliance Grade (DBRS/Morningstar)

Final Overall Grade (Fitch)

Final Credit Grade (Fitch)

Final Property Grade (Fitch)

Final Compliance Grade (Fitch)

Final Overall Grade (Kroll)

Final Credit Grade (Kroll)

Final Property Grade (Kroll)

Final Compliance Grade (Kroll)

Final Overall Grade (Moodys)

Final Credit Grade (Moodys)

Final Property Grade (Moodys)

Final Compliance Grade (Moodys)

Final Overall Grade (S&P)

Final Credit Grade (S&P)

Final Property Grade (S&P)

Final Compliance Grade (S&P)

BRAVO 2026-NQM5 1000464

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

01/05/2026

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000455

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

01/05/2026

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000415

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

01/05/2026

Acknowledged

10913431593

Property

Desk Review Variance > XXX%

Appraisal Review variance of XXX% > XXX% maximum allowed.

XX/XX/XXXX: Automatic waive

1/5/2026

XX/XX/XXXX: Automatically Waived

01/05/2026

LTV passes using lower appraisal value, FICO XXX

C

B

C

B

A

A

C

B

N/A

N/A

C

A

C

N/A

C

A

C

N/A

C

A

C

N/A

C

A

C

N/A

C

A

C

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

BRAVO 2026-NQM5 1000424

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

01/06/2026

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000548

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

01/08/2026

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000412

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

01/27/2026

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000566

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

01/27/2026

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000525

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

02/17/2026

Resolved

XXXXX-01

Credit

No Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000500

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

03/13/2025

Acknowledged

8692640185

Credit

Maximum Borrower Exposure Exceeded

Borrower exposure exceeds guideline for single borrower

XX/XX/XXXX: NQM exception approval in file

3/13/2025

XX/XX/XXXX: NQM exception approval received

03/13/2025

XXX months reserves greater than program requirement, FICO XXX points greater than program requirement

C

B

C

B

C

B

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

BRAVO 2026-NQM5 1000549

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

03/13/2025

Acknowledged

8692641260

Credit

Maximum Borrower Exposure Exceeded

Borrower exposure exceeds guideline for single borrower

XX/XX/XXXX: NQM exception approval in file

3/13/2025

XX/XX/XXXX: NQM exception approval received

03/13/2025

XXX months reserves greater than program requirement, FICO XXX points greater than program requirement

C

B

C

B

C

B

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

BRAVO 2026-NQM5 1000436

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

11/05/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000570

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/04/2025

Resolved

10706503249

Property

Desk Review Variance > XXX%

Appraisal Review variance of XXX % > XXX% maximum allowed.

XX/XX/XXXX: uploaded appr

12/12/2025

XX/XX/XXXX: Second appraisal received

12/12/2025

C

B

C

A

C

B

C

A

N/A

N/A

C

C

C

N/A

C

C

C

N/A

C

C

C

N/A

C

C

C

N/A

C

C

C

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

BRAVO 2026-NQM5 1000570

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/04/2025

Acknowledged

10706500774

Credit

Maximum Loan Amount Exceeded

Loan amount of XXX > XXX maximum loan amount for Investor XXX

XX/XX/XXXX: Exception waiver

12/4/2025

XX/XX/XXXX: Exception waiver received

12/01/2025

FICO above the minimum by XXX points or higher, VOR XXX IN XXX MONTHS, DTI > than XXX% below the program requirement, XXX months reserves greater than requirement

C

B

C

B

C

B

C

A

N/A

N/A

C

C

C

N/A

C

C

C

N/A

C

C

C

N/A

C

C

C

N/A

C

C

C

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

BRAVO 2026-NQM5 1000442

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/04/2025

Resolved

10707326481

Credit

Ineligible Property

Missing evidence subject property is currently listed for rent

XX/XX/XXXX: Subject Property Rental Listing

12/10/2025

XX/XX/XXXX: Rental Listing received

12/10/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000524

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/05/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000466

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/08/2025

Resolved

10730419589

Credit

Closing Documentation Missing or Defective

Missing final settlement Statement

XX/XX/XXXX: HUD

12/17/2025

XX/XX/XXXX: Received final settlement Statement

12/22/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000425

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/09/2025

Resolved

10740368567

Credit

Evidence of Primary Residence and Rent-Free Scenario Missing or Defective

Missing evidence of primary residence, URLA in file reflects borrower has no housing expense. Please provide rent free letter.

XX/XX/XXXX: Rent free letter

12/15/2025

XX/XX/XXXX: Rent free letter received

12/15/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000475

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/09/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000559

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/10/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000595

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/10/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000530

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/10/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000531

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/10/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000429

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/11/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000454

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/11/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000499

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/12/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000558

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/12/2025

Resolved

10767373930

Credit

Insufficient Assets to Close

XXX Assets < XXX minimum assets required for closing costs and reserves. Please provide additional assets.

XX/XX/XXXX: Assets

12/16/2025

`XX/XX/XXXX: Assets reviewed

C

A

C

A

C

A

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000567

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/17/2025

Resolved

10803193418

Property

Appraisal Review - Missing

Missing Appraisal Review for subject property: XXX

XX/XX/XXXX: Appraisal Review

12/22/2025

XX/XX/XXXX: Received Appraisal Review

12/22/2025

D

A

D

A

A

A

D

A

N/A

N/A

D

A

D

N/A

D

A

D

N/A

D

A

D

N/A

D

A

D

N/A

D

A

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000437

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/18/2025

Resolved

10810341001

Credit

Title Insurance Missing or Defective

Preliminary Title is missing Lender with mortgagee clause. Please provide updated Title policy or Title supplement

XX/XX/XXXX: Final Title Policy

12/22/2025

XX/XX/XXXX: Received Final Title

12/22/2025

C

A

C

A

C

A

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

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N/A

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C

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N/A

C

C

A

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N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000465

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/19/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

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N/A

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N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000494

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/19/2025

Resolved

10821924221

Credit

Asset Documentation Missing or Defective

XXX Asset < XXX Required Liquidity to cover reserves. Please provide additional assets.

XX/XX/XXXX: Assets

1/2/2026

XX/XX/XXXX: Received Assets

01/02/2026

C

A

C

A

C

A

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000582

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/19/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

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N/A

A

A

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N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000419

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/22/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

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N/A

A

A

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N/A

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N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000450

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/24/2025

Resolved

10847336136

Credit

Title Insurance Coverage - InXXX Coverage

XXX Title Insurance coverage < XXX minimum coverage required.

XX/XX/XXXX: Title uploaded

12/30/2025

XX/XX/XXXX: Received Title

12/30/2025

C

A

C

A

C

A

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000439

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/29/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

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N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000478

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/29/2025

Resolved

10865365720

Credit

Title Insurance Missing or Defective

Preliminary Title Report in file is missing lender's name with mortgagee clause. Please provide Title supplement report with ISAOA/ATIMA after mortgagee clause.

XX/XX/XXXX: The title does indeed show this info. I have highlighted it in the attached.

1/6/2026

XX/XX/XXXX: Rescind

01/06/2026

C

A

C

A

C

A

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000469

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM Exempt

Loan Review Complete

12/29/2025

Resolved

XXXXX-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

BRAVO 2026-NQM5 1000413

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

10/29/2025

Resolved

FPRO1245

Property

Appraisal is Expired

Primary Value Appraisal is Expired The appraisal in the loan file has an effective date of XX/XX/XXXX, with an appraiser signature of XX/XX/XXXX. Because the effective date is XX/XX/XXXX, appraiser is considered expired. No evidence of a re-cert of value obtained.

Document Uploaded.

10/31/2025

Documentation is sufficient. Updated appraisal provided. Exception resolved.; Primary Value Appraisal is Not Expired Or Primary Valuation Does Not Exist

11/03/2025

Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

A

A

C

A

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000413

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

10/29/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

10/30/2025

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

A

A

C

A

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000413

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

10/30/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

10/30/2025

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

A

A

C

A

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000586

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/07/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/10/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

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A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000586

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/07/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/10/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

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A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000586

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/07/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/10/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000540

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/11/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/13/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60.29% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.29% is less than Guideline CLTV of 80%

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000540

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/12/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/13/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60.29% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.29% is less than Guideline CLTV of 80%

A

A

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A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000540

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/12/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/13/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60.29% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.29% is less than Guideline CLTV of 80%

A

A

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A

A

A

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A

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A

A

A

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A

A

BRAVO 2026-NQM5 1000474

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/13/2025

Resolved

FCRE7495

Credit

Verification of Borrower Liabilities Missing or Incomplete

Final 1003 reflects a XXX 1st lien mortgage for REO, XXX. Required PITIA documentation for REO, XXX., is missing from the loan file.

Document Uploaded.

11/17/2025

Documentation is sufficient. Note and payment Statement provided. Exception resolved.

11/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000474

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/13/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/14/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000474

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/13/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/14/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000534

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/14/2025

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Missing verification of the complete housing payment XXX for the investment property located on XXX, which closed concurrently to the subject property.

Document Uploaded.

11/20/2025

Documentation is sufficient. Closing Statement and supporting documents provided. Exception resolved.

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000534

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/14/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/17/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000534

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/14/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/17/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

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D

D

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D

D

A

A

A

A

A

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A

A

A

A

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A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000535

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCRE0376

Credit

Tradelines do not meet Guideline Requirements

The lender’s minimum tradeline requirements have not been met per guidelines. Missing IRS payment plan documentation as Final 1003 reflects a liability to the IRS with a monthly payment of XXX per month. Missing a copy of the repayment agreement.

Document Uploaded.

11/28/2025

Documentation is sufficient. Explanation provided is acceptable. Exception resolved. ; Tradelines meet Guideline Requirements

12/01/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

A

C

A

C

A

A

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A

A

C

C

A

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C

C

A

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C

C

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C

C

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C

C

A

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BRAVO 2026-NQM5 1000535

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/19/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000535

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/19/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000555

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: The appraiser States there is a XXX in the attic, but no explanation as to safety of the XXX, if was completed in a workmanlike manner, and whether the property has an ADU.

Document Uploaded.

11/20/2025

Documentation is sufficient. Explanation provided. Exception resolved.; Property/Appraisal Meets Guidelines

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

A

A

C

A

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000555

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/19/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

C

A

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000555

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/19/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

C

A

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000472

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/19/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 54.81% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.81% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000472

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/19/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 54.81% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.81% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000472

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/19/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 54.81% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.81% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000539

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM1621

Compliance

Missing Initial Escrow Disclosure

Initial Escrow Account Disclosure is Missing Documentation Required missing Initial Escrow Account Disclosure

Document Uploaded.

11/20/2025

Initial Escrow Account Disclosure is Resolved

11/21/2025

Qualifying DTI below max allowed. | Borrower has stable job time - Borrower has XXX years on job.

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000539

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/19/2025

Qualifying DTI below max allowed. | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000539

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/19/2025

Qualifying DTI below max allowed. | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000581

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.38% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.38% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000581

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.38% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.38% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000581

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.38% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.38% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000514

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000514

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000514

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000430

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE6618

Credit

Borrower information on 1003 is incomplete

The Demographic Info section of the Final 1003 was not completed by B2.

Document Uploaded.

11/24/2025

Documentation is sufficient. Updated 1003 provided. Exception resolved.

11/25/2025

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000430

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000430

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000533

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000533

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000533

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000418

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000418

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000418

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000521

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.71% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.71% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000521

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.71% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.71% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000521

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.71% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.71% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000564

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: Per the appraisal the subject property has an ADU. The ADU box was not checked on page XXX of the appraisal, and the appraiser did not provide XXX comparable sales with ADU's, which is required per lender guidelines.

Document Uploaded.

12/16/2025

Documentation is sufficient. Updated appraisal provided. Exception resolved.; Property/Appraisal Meets Guidelines

12/17/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85%

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BRAVO 2026-NQM5 1000564

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85%

C

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BRAVO 2026-NQM5 1000564

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85%

C

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BRAVO 2026-NQM5 1000426

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000426

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000426

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000547

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.18% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 39.18% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000547

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.18% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 39.18% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000547

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.18% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 39.18% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000422

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000422

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000422

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000553

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements - The subject loan closed on XX/XX/XXXX, however missing evidence that the XX/XX/XXXX and XX/XX/XXXX mortgage payments were paid on time for XXX mortgage #XXX.

Document Uploaded.

12/02/2025

Documentation is sufficient. Credit supplement provided. Exception resolved.; Housing History Meets Guideline Requirements

12/03/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

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BRAVO 2026-NQM5 1000553

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

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BRAVO 2026-NQM5 1000553

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

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BRAVO 2026-NQM5 1000565

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000565

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000565

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000557

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000557

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000557

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000520

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000520

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000520

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000486

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCRE2900

Credit

Borrower Non-XXX Identification Document Missing

Non XXX Borrower is missing Identification Document. Missing a fully executed Certification of Resident Alien Status Form. Required per lender guidelines for a XXX.

Document Uploaded.

11/21/2025

Documentation is sufficient. Resident card provided. Exception resolved.; Borrower Identification Document provided.

11/24/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 63.98% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.98% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000486

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

informational

11/20/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 63.98% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.98% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000486

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

informational

11/20/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 63.98% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.98% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000562

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML compliant, downgraded to A This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

11/21/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.5% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.5% is less than Guideline LTV of 75%

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BRAVO 2026-NQM5 1000562

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.5% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.5% is less than Guideline LTV of 75%

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BRAVO 2026-NQM5 1000562

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.5% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.5% is less than Guideline LTV of 75%

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BRAVO 2026-NQM5 1000473

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000473

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000473

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000471

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

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BRAVO 2026-NQM5 1000471

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

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BRAVO 2026-NQM5 1000471

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

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BRAVO 2026-NQM5 1000563

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.96% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.96% is less than Guideline LTV of 70% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000563

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.96% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.96% is less than Guideline LTV of 70% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000563

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.96% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.96% is less than Guideline LTV of 70% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000509

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000509

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000509

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000587

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000587

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000587

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000456

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

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BRAVO 2026-NQM5 1000456

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

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BRAVO 2026-NQM5 1000456

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

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A

A

BRAVO 2026-NQM5 1000498

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.26% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.26% is less than Guideline LTV of 90%

A

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BRAVO 2026-NQM5 1000498

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.26% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.26% is less than Guideline LTV of 90%

A

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BRAVO 2026-NQM5 1000498

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.26% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.26% is less than Guideline LTV of 90%

A

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BRAVO 2026-NQM5 1000460

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

A

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BRAVO 2026-NQM5 1000460

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

A

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BRAVO 2026-NQM5 1000460

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

A

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BRAVO 2026-NQM5 1000447

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000447

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000447

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000427

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

A

A

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A

BRAVO 2026-NQM5 1000427

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

A

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BRAVO 2026-NQM5 1000427

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

A

A

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BRAVO 2026-NQM5 1000541

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

BRAVO 2026-NQM5 1000541

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000541

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

BRAVO 2026-NQM5 1000485

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

BRAVO 2026-NQM5 1000485

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

A

BRAVO 2026-NQM5 1000485

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

A

BRAVO 2026-NQM5 1000510

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000510

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000510

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%

A

A

A

A

A

A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000572

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000572

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000572

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000513

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE9814

Credit

Missing Trust Agreement

Missing Trust Agreement An executed Certification of Trust for the XXX and XXX Revocable Trust is required.

Document Uploaded.

11/25/2025

Documentation is sufficient. Trust cert provided. Exception resolved.; Trust Agreement Meets Guideline Requirements

11/26/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000513

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE1161

Credit

Flood Certificate Missing

Missing Flood Certificate

Document Uploaded.

11/25/2025

Documentation is sufficient. Flood Cert provided. Exception resolved.; Flood Certificate is fully present

11/26/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000513

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/19/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000513

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000528

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements Missing Evidence Escrow Is In Receipt Of Gift Funds From: XXX In The Amount Of XXX

Document Uploaded.

11/25/2025

Documentation is sufficient. Gift receipt provided. Exception resolved.; Asset Qualification Meets Guideline Requirements

11/26/2025

Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000528

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000528

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000433

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000433

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/24/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000433

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000440

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000440

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000440

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000580

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000580

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000580

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000511

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000511

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000511

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000444

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM1544

Compliance

TRID: Missing Closing Disclosure

TRID: Missing Final Closing Disclosure Documentation Required missing Final Closing disclosure

Document Uploaded.

11/25/2025

TRID: Final Closing Disclosure Provided

11/26/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.51% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.51% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

D

A

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000444

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE9814

Credit

Missing Trust Agreement

Missing Trust Agreement Trust Cert is missing executed notary acknowledgement and date it was signed.

Document Uploaded.

11/25/2025

Documentation is sufficient. Trust cert provided. Exception resolved.; Trust Agreement Meets Guideline Requirements

11/26/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.51% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.51% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

D

A

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000444

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.51% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.51% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

D

A

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000561

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Missing documentation confirming Borrowers 2nd home expense of XXX and mortgage payment of XXX

Document Uploaded. Oops! My apologies! ; Document Uploaded.

11/26/2025

Documentation is sufficient. Statement and hazard policy provided. Exception resolved. ; Documentation provided is not for this loan. Exception remains.

12/01/2025

Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000561

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000561

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000546

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 85%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000546

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 85%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000546

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/21/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 85%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000496

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000496

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

A

A

A

A

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A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000496

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

A

A

A

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A

A

A

A

A

BRAVO 2026-NQM5 1000434

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000434

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000434

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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A

BRAVO 2026-NQM5 1000527

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000527

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

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A

A

A

A

A

BRAVO 2026-NQM5 1000527

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

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A

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000484

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE0386

Credit

Borrower 1 Photo Identification not provided

Borrower 1 Photo Identification not provided. Borrower 1 XXX's License expired XXX, prior to the XXX of, XXX. The XXX Patriot Act Information Form does not reflect an active XXX's License expiration date. A valid ID for Borrower 1 is required.

Document Uploaded.

12/09/2025

Documentation is sufficient. ID provided. Exception resolved.; Photo Identification provided.

12/10/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

D

A

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000484

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCOM1544

Compliance

TRID: Missing Closing Disclosure

TRID: Missing Final Closing Disclosure Page XXX of the Final Closing Disclosure, Date Issued, XXX, is required.

Document Uploaded.

11/25/2025

Documentation is sufficient. Final CD provided. Exception resolved.; TRID: Final Closing Disclosure Provided

11/26/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

D

A

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000484

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

D

A

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000484

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

D

A

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000523

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

A

A

A

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A

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A

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A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000523

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000523

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

A

A

A

A

A

A

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A

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A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000480

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000480

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000480

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000432

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000432

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000481

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM1233

Credit

The Final 1003 is Incomplete

The Final 1003 is Incomplete Final 1003 is missing the subject property information in the REO section.

Document Uploaded. ; Document Uploaded. Final URLA shows our property where it should be, in section XXX-please clarify or rescind.

12/01/2025

Documentation is sufficient. Updated 1003 provided. Exception resolved.; The Final 1003 is Present; Per the instructions on the 1003, Section XXX the property to be re-financed should be listed first. Exception remains.

12/02/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000481

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000481

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000441

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000441

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000441

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

A

A

A

A

A

A

A

A

A

A

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A

BRAVO 2026-NQM5 1000512

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE1481

Credit

Asset 3 Does Not Meet Guideline Requirements

Asset Record XXX Does Not Meet G/L Requirements Missing gift letter supporting the transfer of XXX from long term XXX from XXX #XXX to XXX #XXX.

Document Uploaded.

11/26/2025

Documentation is sufficient. Gift letter provided. Exception resolved. ; Asset Record XXX Meets G/L Requirements Or XXX

12/01/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000512

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000512

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

A

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A

A

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A

A

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A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000575

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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BRAVO 2026-NQM5 1000575

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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A

A

A

A

A

BRAVO 2026-NQM5 1000575

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

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A

BRAVO 2026-NQM5 1000504

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/21/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

A

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000504

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

A

A

A

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000504

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

A

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000592

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

BRAVO 2026-NQM5 1000592

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

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A

A

A

BRAVO 2026-NQM5 1000592

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

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A

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A

BRAVO 2026-NQM5 1000421

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

A

A

A

A

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000421

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

A

A

A

A

A

A

A

A

A

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A

A

A

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A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000421

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

A

A

A

A

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000503

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue Title is missing the borrower as proposed insured. Instructions to escrow vesting is illegible.

Document Uploaded.

12/01/2025

Documentation is sufficient. Escrow instructions provided. Exception resolved. ; Property Title Issue Resolved

12/01/2025

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000503

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000503

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000515

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE9785

Credit

Purchase Contract is Incomplete

XXX is Purchase but Purchase Contract Doc is Incomplete Missing addendum assigning the purchase contract to XXX. It's in the name of XXX

Document Uploaded. ; Document Uploaded.

12/01/2025

Documentation is sufficient. Addendum provided. Exception resolved. ; Purchase Contract Doc is complete.

12/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

B

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000515

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE2900

Credit

Borrower Non-XXX Identification Document Missing

Non XXX Borrower is missing Identification Document. Missing a fully executed Certification of Resident Alien Status Form. Required per lender guidelines for a XXX.

Document Uploaded. Not required. Perm Residency card was in the file.

11/26/2025

Documentation is sufficient. Resident Card provided. Exception resolved. ; Borrower Identification Document provided.

12/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000515

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE2500

Credit

Missing Personal Guaranty

Missing Personal Guaranty. The notary did not sign the notary acknowledgement.

Document Uploaded.

12/01/2025

Documentation is sufficient. Guaranty Agreement provided. Exception resolved. ; Personal Guaranty provided.

12/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000515

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000515

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000543

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE0382

Credit

Assets do not meet guideline requirements

When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. Please waive, assets meet reserve requirement. Negative is cash to borrower ($XXX).

I'm not sure if this should be rescinded? Could you clarify, please?

11/26/2025

Documentation is sufficient. Cash back at closing. Exception resolved. ; When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines.

12/01/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000543

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000543

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000543

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000583

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines Tax Transcripts reflect No W-2's on file. Guidelines State if the most recent year's transcript is not available, alternative documentation will be required, including XXX months bank Statements reflecting evidence of continuous income receipt. XXX additional months of current bank Statements showing proof of receipt of income is required.

Document Uploaded.

11/26/2025

Documentation is sufficient. Year end paystub provided. Exception resolved. ; Income and Employment Meet Guidelines

12/01/2025

Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000583

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE1482

Credit

Asset 4 Does Not Meet Guideline Requirements

Asset 4 Does Not Meet Guideline Requirements

Document Uploaded.

11/26/2025

Documentation is sufficient. Gift letter provided. Exception resolved. ; Asset 4 Meets Guideline Requirements Or XXX

12/01/2025

Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000583

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000536

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

05/19/2026

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BRAVO 2026-NQM5 1000536

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

05/19/2026

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BRAVO 2026-NQM5 1000536

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Acknowledged

FPRO9990

Property

Third Party Valuation Product Not Provided within XXX% Tolerance

Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Desk Review (page XXX) displays inXXX reviewed value of XXX

Third party valuation product provided within tolerance. Downgraded to B.

05/19/2026

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BRAVO 2026-NQM5 1000554

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000554

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000554

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000578

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000578

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000569

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85%

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BRAVO 2026-NQM5 1000569

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/25/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85%

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BRAVO 2026-NQM5 1000569

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85%

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BRAVO 2026-NQM5 1000577

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE1483

Credit

Asset 5 Does Not Meet Guideline Requirements

Asset 5 Does Not Meet Guideline Requirements Missing evidence of the transfer of XXX gift on XX/XX/XXXX from donors account #XXX to borrowers XXX #XXX account. Need document showing it coming out of the donors bank account.

Document Uploaded.

11/26/2025

Documentation is sufficient. Gift letter and wire information provided. Exception resolved. ; Asset 5 Meets Guideline Requirements Or XXX

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000577

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/25/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000577

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/25/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000459

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE1480

Credit

Asset 2 Does Not Meet Guideline Requirements

Asset Record XXX Does Not Meet G/L Requirements Asset 2 documentation missing confirming asset and sale proceeds to cover cash to close

Document Uploaded.

11/28/2025

Documentation is sufficient. Bank Statement provided. Exception resolved. ; Asset Record XXX Meets G/L Requirements Or XXX

12/01/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 56.07% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.07% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000459

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE2371

Credit

Missing final HUD-XXX from sale of non-subject property

Missing HUD-XXX of sold property used for closing funds

Document Uploaded.

11/28/2025

Documentation is sufficient. Closing Statement provided. Exception resolved.

12/01/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 56.07% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.07% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000459

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 56.07% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.07% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000459

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 56.07% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.07% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000593

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM1221

Credit

The Deed of Trust is Incomplete

The Deed of Trust is Incomplete The notary crossed out the part of the notary acknowledgement reflecting borrower signed individually, and as a trustee and trust settler. Loan closed in trust.

Florida law does not require a trust settlor’s signature to be notarized for the trust to be valid.

11/28/2025

Documentation is sufficient. Explanation provided. Exception resolved. ; The Deed of Trust is Present and Complete

12/01/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.59% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.59% is less than Guideline LTV of 85%

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BRAVO 2026-NQM5 1000593

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE1485

Credit

Asset 7 Does Not Meet Guideline Requirements

Asset 7 Does Not Meet Guideline Requirements Missing evidence of receipt of wire from XXX Exchange funds in the amount of XXX reflected on the final CD.

Document Uploaded.

11/28/2025

Documentation is sufficient. Wire document provided. Exception resolved. ; Asset 7 Meets Guideline Requirements Or XXX

12/01/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.59% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.59% is less than Guideline LTV of 85%

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BRAVO 2026-NQM5 1000593

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Missing executed Final CD and Note for concurrent closing loan #XXX.

Document Uploaded.

11/28/2025

Documentation is sufficient. Note and CD provided. Exception resolved.

12/01/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.59% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.59% is less than Guideline LTV of 85%

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BRAVO 2026-NQM5 1000593

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.59% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.59% is less than Guideline LTV of 85%

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BRAVO 2026-NQM5 1000593

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.59% is less than Guideline CLTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.59% is less than Guideline LTV of 85%

D

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BRAVO 2026-NQM5 1000532

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 37.26% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.26% is less than Guideline CLTV of 85%

A

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BRAVO 2026-NQM5 1000532

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 37.26% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.26% is less than Guideline CLTV of 85%

A

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BRAVO 2026-NQM5 1000532

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 37.26% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.26% is less than Guideline CLTV of 85%

A

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BRAVO 2026-NQM5 1000574

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

A

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BRAVO 2026-NQM5 1000574

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

A

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BRAVO 2026-NQM5 1000574

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

A

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BRAVO 2026-NQM5 1000550

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000550

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000550

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000446

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000446

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000446

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000502

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

A

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BRAVO 2026-NQM5 1000502

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

A

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BRAVO 2026-NQM5 1000502

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

A

A

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BRAVO 2026-NQM5 1000467

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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A

BRAVO 2026-NQM5 1000467

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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A

BRAVO 2026-NQM5 1000467

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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A

BRAVO 2026-NQM5 1000462

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000462

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

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A

BRAVO 2026-NQM5 1000462

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000568

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000568

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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A

A

A

BRAVO 2026-NQM5 1000568

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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A

A

BRAVO 2026-NQM5 1000451

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Missing evidence of monthly HOA escrow for the departure residences at XXX XXX and XXX XXX. Web search shows evidence of HOA dues.

Document Uploaded.

12/04/2025

Documentation is sufficient. Property documents provided. Exception resolved.

12/04/2025

Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

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A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000451

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM1221

Credit

The Deed of Trust is Incomplete

The Deed of Trust is Incomplete Missing page XXX of the Planned Unit Development Rider.

Document Uploaded.

12/01/2025

Documentation is sufficient. PUD Rider provided. Exception resolved.; The Deed of Trust is Present and Complete

12/02/2025

Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000451

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000451

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000501

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000501

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000501

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000597

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000597

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

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A

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A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000597

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000487

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 85%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000487

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 85%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000487

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 85%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000545

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE1964

Credit

Missing income documentation

Missing XXX for subject property. Current XXX on file is for another property

Document Uploaded.

11/28/2025

Documentation is sufficient. XXX provided. Exception resolved.

12/01/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 85%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000545

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

11/26/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 85%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000545

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 85% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 85%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000538

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Acknowledged

FPRO1243

Property

Second Appraisal is Missing

Second Appraisal Is Required and is Missing. Missing second appraisal and corresponding desk review. Seller acquired for subject XX/XX/XXXX with a sale price of XXX and current transaction XXX closing XX/XX/XXXX within XXX days and exceeding a XXX% increase requires a second appraisal.

Document Uploaded.

12/04/2025

Seller acquired the property within XXX days of transaction, requiring a second appraisal, per guidelines. A second appraisal was not obtained. However, a credit exception was approved for not obtaining a second appraisal, citing compensating factors of an XXX credit history/minimal use of consumer credit, no discretionary debt, minimal to no payment shock, low DTI, significant residual income and excessive reserves. Acknowledged and downgraded.

12/05/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

D

B

D

B

A

A

D

B

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000538

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

D

B

A

A

A

A

D

B

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000538

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

11/26/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

D

B

A

A

A

A

D

B

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000529

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000529

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000529

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000584

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000584

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000584

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000591

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.39% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.39% is less than Guideline LTV of 85%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000591

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.39% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.39% is less than Guideline LTV of 85%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000591

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.39% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.39% is less than Guideline LTV of 85%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

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BRAVO 2026-NQM5 1000420

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000420

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000420

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000518

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements Missing evidence the XX/XX/XXXX payment for the subject mortgage loan with XXX #XXX was made in the month due.

Document Uploaded.

12/01/2025

Documentation is sufficient. Housing history is current. Exception resolved.; Housing History Meets Guideline Requirements

12/02/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

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BRAVO 2026-NQM5 1000518

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/25/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

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BRAVO 2026-NQM5 1000518

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

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BRAVO 2026-NQM5 1000445

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

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BRAVO 2026-NQM5 1000445

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

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BRAVO 2026-NQM5 1000445

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

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BRAVO 2026-NQM5 1000423

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000423

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000423

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000590

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML escrow established, appraisal requirement met

Informational

12/01/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000590

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000590

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000470

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000470

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000470

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000544

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.38% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.38% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000544

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.38% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.38% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000544

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.38% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.38% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000479

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000479

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000479

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%

A

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BRAVO 2026-NQM5 1000508

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000508

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000508

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

11/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/01/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000452

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

12/16/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/17/2025

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BRAVO 2026-NQM5 1000452

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

12/16/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/17/2025

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BRAVO 2026-NQM5 1000452

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

12/16/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/17/2025

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BRAVO 2026-NQM5 1000700

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/09/2026

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BRAVO 2026-NQM5 1000700

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/09/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/09/2026

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BRAVO 2026-NQM5 1000700

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/09/2026

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BRAVO 2026-NQM5 1000691

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/17/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000691

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000691

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000703

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Rescinded

FCRE0377

Credit

The Total Hazard Coverage is LESS than the Required Coverage Amount

The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). Requiring additional dwelling coverage per FNMA being that loan amount is less than XXX% replacement cost

Our loan amount is covered- why do we need additional coverage? We have more than XXX$/XXX% of RCE. This is erroneous.

02/18/2026

Documentation is sufficient. Coverage is XXX. Exception rescinded.; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount

02/20/2026

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BRAVO 2026-NQM5 1000703

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85%

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BRAVO 2026-NQM5 1000703

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85%

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BRAVO 2026-NQM5 1000681

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

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BRAVO 2026-NQM5 1000681

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/17/2026

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BRAVO 2026-NQM5 1000681

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

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BRAVO 2026-NQM5 1000702

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML with established escrows and met appraisal requirements; downgraded to an A This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000702

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000702

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/16/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000676

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 24% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 24% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000676

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 24% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 24% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000676

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 24% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 24% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000678

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.37% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.37% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000678

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.37% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.37% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000678

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.37% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.37% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000687

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000687

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000687

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000692

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000692

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000692

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000683

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000683

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000683

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000696

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.44% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.44% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000696

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.44% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.44% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000696

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.44% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.44% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000697

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/19/2026

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BRAVO 2026-NQM5 1000697

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

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BRAVO 2026-NQM5 1000697

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

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BRAVO 2026-NQM5 1000684

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000684

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000684

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000693

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/19/2026

Resolved

FCRE1293

Credit

Income 2 Months Income Verified is Missing

Income 2 Months Income Verified is Missing The Social Security Benefit Letter for Borrower 2 is missing from the loan file. Other conditions may apply.

Document Uploaded.

02/23/2026

Documentation provided is sufficient. Updated 1008 and 1003 provided. Exception resolved.; Income 2 Months Income Verified is Present Or XXX

02/24/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

C

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C

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BRAVO 2026-NQM5 1000693

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/20/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

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C

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BRAVO 2026-NQM5 1000693

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/20/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

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C

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C

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BRAVO 2026-NQM5 1000704

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000704

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000704

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/22/2026

Resolved

finding-2962

Compliance

CA AB 260 Higher-Priced Mortgage Loan Test

This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML escrow established, appraisal requirement met

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000704

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/22/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML escrow established, appraisal requirement met

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000680

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/23/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.33% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 48.33% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000680

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/23/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.33% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 48.33% is less than Guideline LTV of 75%

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BRAVO 2026-NQM5 1000680

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/23/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 48.33% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 48.33% is less than Guideline LTV of 75%

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BRAVO 2026-NQM5 1000679

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000679

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000679

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000698

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000698

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000698

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000695

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/24/2026

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing

Document Uploaded. GLs do not require a 3rd party VOE- are you looking for something that satisfies the income and employment requirements on this product?

02/25/2026

Documentation is sufficient. Business Search in file. Tax returns provided. Exception resolved.; Borrower 1 3rd Party VOE Prior to Close Was Provided

02/26/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 24.07% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 24.07% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000695

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 24.07% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 24.07% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000695

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 24.07% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 24.07% is less than Guideline LTV of 85% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000688

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE2500

Credit

Missing Personal Guaranty

Missing Personal Guaranty. Missing executed Personal Guaranty Agreement.

Document Uploaded.

03/02/2026

Documentation is sufficient. Updated and signed Guaranty provided. Exception resolved.; Personal Guaranty provided.

03/03/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000688

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE9785

Credit

Purchase Contract is Incomplete

XXX is Purchase but Purchase Contract Doc is Incomplete Missing signed Purchase contract extension. Contract in file expired on XX/XX/XXXX, loan closed XX/XX/XXXX.

Document Uploaded.

03/02/2026

Documentation is sufficient. Addendum extends closing. Explanation and addendum provided. Exception resolved.; Purchase Contract Doc is complete.

03/03/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000688

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE6843

Credit

Asset General

Missing proof of XXX Money deposit clearing in the amount of XXX

Document Uploaded. NOTE- Assets from the source acct were not used to qual for CTC or reserves

02/27/2026

Documentation provided is sufficient. Exception resolved.

03/02/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000688

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE1183

Credit

Approval/Underwriting Summary Partially Provided

Approval/Underwriting Summary Partially Provided. Missing updated Loan Approval reflecting correct HOI monthly premium, which is higher than disclosed and would update DTI, as the HOI policy provided has annual policy premium as XXX

Document Uploaded.

02/25/2026

Documentation is sufficient. Updated approval provided. Exception resolved.; Approval/Underwriting Summary is fully present

03/02/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000688

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue Missing approval for title to be vested under Corporation. Per loan approval, Corporation vesting needs approval.

Document Uploaded. this was approved by management and UW. please see updated Final Approval.

02/25/2026

Documentation is sufficient. Updated approval provided. Exception resolved.; Property Title Issue Resolved

02/26/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000688

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000688

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000689

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE2500

Credit

Missing Personal Guaranty

Missing Personal Guaranty.

Document Uploaded.

03/02/2026

Documentation is sufficient. Guaranty provided. Exception resolved.; Personal Guaranty provided.

03/03/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 85%

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BRAVO 2026-NQM5 1000689

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE1159

Credit

Hazard Insurance Effective Date is after the Disbursement Date

Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX.

Document Uploaded.

02/27/2026

Documentation provided is sufficient. Exception resolved.; Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided.

03/02/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 85%

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BRAVO 2026-NQM5 1000689

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE1183

Credit

Approval/Underwriting Summary Partially Provided

Approval/Underwriting Summary Partially Provided. Lender Final Approval reflects subject loan PITIA of, XXX calculating to a DSCR of, XXX%. DSCR Worksheet reflects PITIA of, XXX calculating to a DSCR of, XXX%. A Final Approval reflecting a PITIA of, XXX is required.

Document Uploaded.

02/25/2026

Documentation is sufficient. Updated approval provided. Exception resolved.; Approval/Underwriting Summary is fully present

02/26/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 85%

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BRAVO 2026-NQM5 1000689

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 85%

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BRAVO 2026-NQM5 1000689

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 85%

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BRAVO 2026-NQM5 1000690

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE1159

Credit

Hazard Insurance Effective Date is after the Disbursement Date

Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX. - Hazard policy is effective after the disbursement date.

Document Uploaded.

02/27/2026

Documentation provided is sufficient. Exception resolved.; Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided.

03/02/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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C

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A

BRAVO 2026-NQM5 1000690

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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C

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A

BRAVO 2026-NQM5 1000690

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/24/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.5% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 62.5% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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C

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BRAVO 2026-NQM5 1000694

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/21/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

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BRAVO 2026-NQM5 1000694

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

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BRAVO 2026-NQM5 1000694

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

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BRAVO 2026-NQM5 1000685

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/21/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

A

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BRAVO 2026-NQM5 1000685

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/24/2026

A

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BRAVO 2026-NQM5 1000685

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

A

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BRAVO 2026-NQM5 1000699

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000699

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000699

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/24/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

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BRAVO 2026-NQM5 1000686

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/24/2026

A

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BRAVO 2026-NQM5 1000686

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

A

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BRAVO 2026-NQM5 1000686

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

A

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BRAVO 2026-NQM5 1000682

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

A

A

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BRAVO 2026-NQM5 1000682

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/24/2026

A

A

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BRAVO 2026-NQM5 1000682

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

A

A

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BRAVO 2026-NQM5 1000701

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/24/2026

A

A

A

A

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A

BRAVO 2026-NQM5 1000701

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/24/2026

A

A

A

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BRAVO 2026-NQM5 1000701

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/24/2026

A

A

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BRAVO 2026-NQM5 1000609

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/04/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Lender Closing Fee, XXX to XXX for the Appraisal Fee, XXX to XXX for the Appraisal Review Fee, XXX to XXX for the Credit Report Fee, XXX to XXX for XXX and Verification Fee, XXX to XXX for the Insurance Certification Fee, XXX to XXX for the Mers Registration Fee, XXX to XXX for the Tax Service Fee, and XXX to XXX for the Transfer Taxes. The initial Loan Estimate is missing from the loan file which sets the baseline. Providing the LE dated XX/XX/XXXX may cure the tolerance exceptions.

Initial LE provided; exception resolved; Initial LE provided; exception resolved; Document Uploaded.

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

A

A

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C

A

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A

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C

C

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C

C

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C

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C

C

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C

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000609

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/04/2026

Resolved

finding-3635

Compliance

Charges That In Total Cannot Increase More Than XXX% Test

This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Abstract/Title Search Fee, XXX to XXX for the Lender's Title Insurance Policy, XXX to XXX for the Notary Fee, XXX to XXX for the Recording Service Fee, XXX to XXX for Settlement or Closing Fee, XXX to XXX for the Sub-Escrow Fee, XXX to XXX for the Title Courier Fee, XXX to XXX for the Title Document Preparation Fee, XXX to XXX for the Title Endorsement Fee, and XXX to XXX for the Title Overnight Fee. The initial Loan Estimate is missing from the loan file which sets the baseline. Providing the LE dated XX/XX/XXXX may cure the tolerance exceptions.

Initial LE provided; exception resolved; Initial LE provided; exception resolved; Document Uploaded.

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

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C

C

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C

C

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C

A

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A

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A

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A

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A

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A

A

BRAVO 2026-NQM5 1000609

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/04/2026

Resolved

finding-3515

Compliance

Initial Loan Estimate Delivery Date Test (from application)

This loan failed the initial loan estimate delivery date test (from application) due to one of the following: (12 CFR §1026.19(e)(1)(iii)(A) he initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application herefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXX regardless of the actual values on the disclosure his calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a)(XXX) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on XXX not being open on Christmas Day (XX/XX/XXXX s not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict he creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. Documentation required to clear exception. The Initial Loan Estimate dated XX/XX/XXXX (per compliance report in file) is missing from the loan file. The earliest LE in the loan file was issued on XX/XX/XXXX. The violation can be cured by providing the initial LE within XXX days of XX/XX/XXXX.

Initial LE provided; exception resolved; Initial LE provided; exception resolved; Document Uploaded.

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000609

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/05/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000609

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000645

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements The Borrower received XXX in gift funds at closing, as reflected on the final Closing Disclosure. The loan file contains a valid gift letter confirming no repayment is expected; however, no documentation has been provided to evidence the transfer of funds from the donor, such as a cashier's check, certified bank check made payable to the title company or a wire transfer from donor’s account. Please provide additional documentation showing the transfer of funds from the donor’s account to verify the source of the gift.

Gift wire uploaded

02/17/2026

Asset Qualification Meets Guideline Requirements; Wire evidence provided. ; Document Uploaded. ; Asset Qualification Does Not Meet Guideline Requirements The Borrower received XXX in gift funds at closing, as reflected on the final Closing Disclosure. The loan file contains a valid gift letter confirming no repayment is expected; however, no documentation has been provided to evidence the transfer of funds from the donor, such as a cashier's check, certified bank check made payable to the title company or a wire transfer from donor’s account. Please provide additional documentation showing the transfer of funds from the donor’s account to verify the source of the gift.

02/18/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000645

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Exception related to missing Initial LE.

Initial LE provided; exception resolved; Initial LE provided; exception resolved; This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).; This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).; Document Uploaded.

02/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000645

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3635

Compliance

Charges That In Total Cannot Increase More Than XXX% Test

This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). Exception related to missing Initial LE.

Initial LE provided; exception resolved; Initial LE provided; exception resolved; Document Uploaded.

02/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000645

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3515

Compliance

Initial Loan Estimate Delivery Date Test (from application)

This loan failed the initial loan estimate delivery date test (from application) due to one of the following: (12 CFR §1026.19(e)(1)(iii)(A) he initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application herefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXX regardless of the actual values on the disclosure his calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a)(XXX) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneThe creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. Documentation required: Please provide evidence Borrower received Initial Loan estimate with receipt of delivery withing required XXX days from initial 1003 dated XX/XX/XXXX. Initial LE in file dated XX/XX/XXXX.

Initial LE provided; exception resolved; Initial LE provided; exception resolved; Document Uploaded.

02/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000645

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue The title report discloses outstanding XXX’s and/or materialman’s liens (amounts XXX recorded XX/XX/XXXX; XXX recorded XX/XX/XXXX; XXX recorded XX/XX/XXXX), which were not paid at closing and for which no satisfaction documentation or lien releases have been provided in the file. Please provide proof of full payment to confirm that all outstanding liens have been satisfied in full.

Property Title Issue Resolved; Document Uploaded. Final Title Policy provided. ; Property Title Issue Resolved; Property Title Issue The title report discloses outstanding XXX’s and/or materialman’s liens (amounts XXX recorded XX/XX/XXXX; XXX recorded XX/XX/XXXX; XXX recorded XX/XX/XXXX), which were not paid at closing and for which no satisfaction documentation or lien releases have been provided in the file. Please provide proof of full payment to confirm that all outstanding liens have been satisfied in full.

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000645

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCRE1148

Credit

Title Coverage is Less than Subject Lien

Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX The preliminary title report provided in the loan file does not show the proposed amount of title coverage. Please provide a supplemental title report with sufficient ALTA Lender's Policy coverage.

Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Document Uploaded. ; Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX The preliminary title report provided in the loan file does not show the proposed amount of title coverage. Please provide a supplemental title report with sufficient ALTA Lender's Policy coverage.

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000645

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000606

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCRE1205

Credit

OFAC Check Not Completed and/or Cleared

OFAC Check Not Completed and/or Cleared There is a partial report present, however the page reflecting OFAC Check completed is not present

OFAC Check Completed and Cleared; Document Uploaded. ; OFAC Check Not Completed and/or Cleared There is a partial report present, however the page reflecting OFAC Check completed is not present

02/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000606

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCRE1202

Credit

Third Party Fraud Report Partially Provided

Third Party Fraud Report Partially Provided

Third Party Fraud Report is fully present; Document Uploaded.

02/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000606

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCRE1206

Credit

All Interested Parties Not Checked with Exclusionary Lists

All Interested Parties Not Checked with Exclusionary Lists. There is a partial report present, however the page reflecting all interested parties is not present.

All Interested Parties Checked against Exclusionary Lists; Document Uploaded. ; All Interested Parties Not Checked with Exclusionary Lists. There is a partial report present, however the page reflecting all interested parties is not present.

02/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000606

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000606

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000770

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.69% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.69% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000770

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.69% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.69% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000770

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.69% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.69% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000641

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/11/2026

Resolved

FCRE1148

Credit

Title Coverage is Less than Subject Lien

Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX The commitment showed the proposed amount of insurance as XXX while the loan amount is XXX

Title Commitment Updated

02/18/2026

Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Document Uploaded.

02/18/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000641

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/11/2026

Rescinded

FCRE2500

Credit

Missing Personal Guaranty

Missing Personal Guaranty. There is no personal guaranty in file

Not required.

02/18/2026

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000641

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/12/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000641

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/12/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000636

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

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A

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A

A

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A

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A

A

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A

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A

A

BRAVO 2026-NQM5 1000636

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000636

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000771

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/14/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

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A

A

A

BRAVO 2026-NQM5 1000771

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/14/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

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A

A

A

BRAVO 2026-NQM5 1000663

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000663

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

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A

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A

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A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000663

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

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A

A

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A

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A

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A

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A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000628

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/12/2026

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000628

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000628

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/12/2026

A

A

A

A

A

A

A

A

A

A

A

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A

A

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A

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A

A

A

BRAVO 2026-NQM5 1000630

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/12/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 15.22% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 15.22% is less than Guideline LTV of 70%

A

A

A

A

A

A

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A

A

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A

A

A

BRAVO 2026-NQM5 1000630

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/12/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/17/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 15.22% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 15.22% is less than Guideline LTV of 70%

A

A

A

A

A

A

A

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A

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A

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A

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A

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A

A

BRAVO 2026-NQM5 1000630

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/12/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 15.22% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 15.22% is less than Guideline LTV of 70%

A

A

A

A

A

A

A

A

A

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A

A

A

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A

A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000655

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/16/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/20/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000655

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/16/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/20/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000655

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/20/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

BRAVO 2026-NQM5 1000772

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines The file is missing the XXX Bank Statement for the XXX acct #XXX, used to qualify.

XXX XXX Statement; XXX

04/16/2026

Income and Employment Meet Guidelines; Statement provided; Document Uploaded. ; Countered - Loan is a XXX bank Statement loan - XXX was used to qualify income. Condition remains. Client response was regarding assets, ; Document Uploaded.

04/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000772

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

No Cure required. HPML with established escrows and appraisal requirements met. Exception downgraded to a A. This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000772

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000614

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/10/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.33% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.33% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000614

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/10/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.33% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.33% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

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A

A

A

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A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000614

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.33% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.33% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

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A

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A

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A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000610

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

finding-2962

Compliance

CA AB 260 Higher-Priced Mortgage Loan Test

HPML with established escrows and met appraisal requirements, therefore, downgraded to grade A. This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000610

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML with established escrows and met appraisal requirements, therefore, downgraded to grade A. This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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A

BRAVO 2026-NQM5 1000610

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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BRAVO 2026-NQM5 1000610

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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BRAVO 2026-NQM5 1000601

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $.XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the discount points added to CD XX/XX/XXXX.

Valid COC provided; Exception resolved; Valid COC provided; Exception resolved; Document Uploaded. Document uploaded.

01/30/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

B

A

A

A

C

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C

B

A

C

C

B

A

C

C

B

A

C

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B

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B

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C

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BRAVO 2026-NQM5 1000601

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML compliant

Informational

01/30/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

B

A

A

A

C

A

C

B

A

C

C

B

A

C

C

B

A

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B

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B

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C

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BRAVO 2026-NQM5 1000601

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FCRE1148

Credit

Title Coverage is Less than Subject Lien

Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX The proposed amount of insurance on the title commitment of XXX is less than the subject loan amount of XXX Please provide a revised title commitment or supplement with sufficient coverage.

Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Document Uploaded. ; Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX The proposed amount of insurance on the title commitment of XXX is less than the subject loan amount of XXX Please provide a revised title commitment or supplement with sufficient coverage.

01/29/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

B

A

B

A

A

A

C

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C

B

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C

C

B

A

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C

B

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B

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C

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A

BRAVO 2026-NQM5 1000601

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

B

A

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C

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C

B

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B

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B

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BRAVO 2026-NQM5 1000656

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/13/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000656

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/13/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000656

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/13/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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BRAVO 2026-NQM5 1000675

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/15/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/15/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000675

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/15/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/15/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000675

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/15/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/15/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000773

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000773

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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A

BRAVO 2026-NQM5 1000773

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000664

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2026

Resolved

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. The guideline reserve requirement for loan amounts equal to or less than $XXX=XXX months reserves or XXX while the post closing assets =$XXX.

Document Uploaded. ; Audited Reserves of XXX are equal to or greater than AUS Required Reserves of XXX

01/29/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

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C

C

A

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C

C

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C

C

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C

C

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A

BRAVO 2026-NQM5 1000664

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2026

Resolved

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) The guideline reserve requirement for loan amounts equal to or less than $XXX=XXX months reserves or XXX while the post closing assets =$XXX.

Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s)

01/29/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

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C

C

A

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A

BRAVO 2026-NQM5 1000664

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML Compliant.

Informational

01/22/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

A

A

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A

A

BRAVO 2026-NQM5 1000664

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/22/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

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C

C

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A

A

BRAVO 2026-NQM5 1000621

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines Business funds from XXX are listed as assets on the loan application. Self-employment income from this business was used in qualification. Per XXX, if income from the business is being used to qualify, then a cashflow analysis is required to support that the withdrawal of funds will not adversely impact the operation of the business. Please provide the cash flow analysis to confirm that withdrawal of funds would not negatively impact the business.

Income and Employment Meet Guidelines; Document Uploaded. ; Income and Employment Do Not Meet Guidelines Business funds from XXX are listed as assets on the loan application. Self-employment income from this business was used in qualification. Per XXX, if income from the business is being used to qualify, then a cashflow analysis is required to support that the withdrawal of funds will not adversely impact the operation of the business. Please provide the cash flow analysis to confirm that withdrawal of funds would not negatively impact the business.

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.2% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.2% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

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A

A

C

C

A

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C

C

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C

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C

C

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C

C

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BRAVO 2026-NQM5 1000621

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.2% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.2% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

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C

C

A

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C

C

A

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C

C

A

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C

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BRAVO 2026-NQM5 1000621

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 62.2% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 62.2% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

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BRAVO 2026-NQM5 1000657

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000657

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000657

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000622

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/15/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report There is no third party fraud report in the file.

Third Party Fraud Report is provided; Document Uploaded.

01/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

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BRAVO 2026-NQM5 1000622

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/15/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/20/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

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BRAVO 2026-NQM5 1000622

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/20/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

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BRAVO 2026-NQM5 1000670

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/19/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/20/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 45% is less than Guideline LTV of 65%

A

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BRAVO 2026-NQM5 1000670

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/20/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 45% is less than Guideline LTV of 65%

A

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BRAVO 2026-NQM5 1000670

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/20/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 45% is less than Guideline LTV of 65%

A

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BRAVO 2026-NQM5 1000623

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/26/2026

Resolved

FCRE9785

Credit

Purchase Contract is Incomplete

XXX is Purchase but Purchase Contract Doc is Incomplete The Borrowers received a XXX seller credit toward closing costs at closing, as indicated on the Closing Disclosure. Please provide a fully executed addendum or amendment to the purchase contract acknowledging that the Seller agrees to credit the Buyer XXX toward their closing costs at settlement, as the original purchase contract and any prior addendums do not reference this seller concession.

Purchase Contract Doc is complete.; Document Uploaded. Contract amendment received.; XXX is Purchase but Purchase Contract Doc is Incomplete The Borrowers received a XXX seller credit toward closing costs at closing, as indicated on the Closing Disclosure. Please provide a fully executed addendum or amendment to the purchase contract acknowledging that the Seller agrees to credit the Buyer XXX toward their closing costs at settlement, as the original purchase contract and any prior addendums do not reference this seller concession.

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

B

A

B

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B

B

A

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B

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B

B

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B

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BRAVO 2026-NQM5 1000623

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

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BRAVO 2026-NQM5 1000623

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

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BRAVO 2026-NQM5 1000615

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/12/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/13/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 45.42% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.42% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000615

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/12/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/13/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 45.42% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.42% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000615

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/13/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/13/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 45.42% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.42% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000650

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/12/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000650

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/12/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000650

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/13/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000646

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000646

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000646

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/28/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000611

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/04/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.85% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.85% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000611

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.85% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.85% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000611

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.85% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.85% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000774

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FPRO1242

Property

Appraisal is Missing

Appraisal is Missing. The full appraisal is not found in the file

XXX

04/01/2026

Appraisal is Present or is Waived; Appraisal provided; Document Uploaded.

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

D

A

D

A

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000774

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FPRO9990

Property

Third Party Valuation Product Not Provided within XXX% Tolerance

Third Party Valuation Product Not Provided or Not Provided Within Tolerance. The full appraisal is missing from this file

XXX

04/01/2026

Third party valuation product provided within tolerance.; Document Uploaded.

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

C

A

D

A

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000774

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCRE2109

Credit

Missing Lender Income Calculation Worksheet

XXX

04/03/2026

Worksheet provided; Document Uploaded.

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

D

A

D

A

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000774

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

finding-3367

Compliance

RESPA Homeownership Counseling Organizations Disclosure Date Test

Documentation required to clear exception: Provide homeownership counseling disclosure that was provided to the consumer within XXX business days of XXX of XX/XX/XXXX. This loan failed the homeownership counseling organizations disclosure date test due to the following findings: (12 CFR §1024.20(a) he loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan Originator's XXX (or the date creditor received application if loan Originator's XXX is not provided); orThe homeownership counseling organizations disclosure date is after the closing date ot later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than XXX days prior to the time when the list is provided to the loan applicant from either:(XXX he website maintained by the Bureau for lenders to use in complying with the requirements of this section; or(XXX ata made available by the Bureau or HUD for lenders to use in complying with the requirements of this section, provided that the data is used in accordance with instructions provided with the data his calculation take into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1024.2(b) and as it relates to §1024.20 (list of homeownership counseling organizations provided not later than 3 business days after a loan originator receives an application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NonePlease note: This test does not validate the content of any list of homeownership counseling organizations.

XXX

04/01/2026

Homeownership counseling organizations disclosure received - exception resolved; Document Uploaded.

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

B

A

D

A

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

A

A

A

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A

A

A

A

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A

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A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000774

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the XXX of XX/XX/XXXX as the earliest available LE is dated XX/XX/XXXX. Please provide the initial LE issued within XXX business days of the XXX of XX/XX/XXXX. Additional testing will be completed once the initial LE is provided. Also provide the Written List of Service Providers issued with initial LE.

XXX

04/01/2026

Initial LE received - exception resolved; Initial LE received - exception resolved; Document Uploaded.

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

C

A

D

A

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

A

A

A

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A

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A

A

A

BRAVO 2026-NQM5 1000774

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

finding-3635

Compliance

Charges That In Total Cannot Increase More Than XXX% Test

This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the XXX of XX/XX/XXXX as the earliest available LE is dated XX/XX/XXXX. Please provide the initial LE issued within XXX business days of the XXX of XX/XX/XXXX. Additional testing will be completed once the initial LE is provided. Also provide the Written List of Service Providers issued with initial LE.

XXX

04/01/2026

Initial LE and SPL received - exception resolved; Initial LE and SPL received - exception resolved; Document Uploaded.

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

C

A

D

A

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000774

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

finding-3515

Compliance

Initial Loan Estimate Delivery Date Test (from application)

Documentation required to clear exception. The Initial Loan Estimate dated XX/XX/XXXX (per compliance report in file) is missing from the loan file. The earliest LE in the loan file was issued on XX/XX/XXXX. The violation can be cured by providing the initial LE within XXX days of XXX of XX/XX/XXXX. This loan failed the initial loan estimate delivery date test (from application) due to one of the following: (12 CFR §1026.19(e)(1)(iii)(A) he initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application herefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXX regardless of the actual values on the disclosure his calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a)(XXX) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneThe creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application.

Initial LE received - exception resolved; Initial LE received - exception resolved; Document Uploaded.

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

C

A

D

A

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

A

A

A

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A

BRAVO 2026-NQM5 1000648

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.69% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.69% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000648

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.69% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.69% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000648

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.69% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.69% is less than Guideline LTV of 75%

A

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BRAVO 2026-NQM5 1000629

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 35.84% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 35.84% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000629

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 35.84% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 35.84% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000629

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 35.84% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 35.84% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000665

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report There is no 3rd party fraud report in the file.

Third Party Fraud Report is provided; Document Uploaded.

01/23/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.42% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

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D

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D

D

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D

D

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D

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D

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BRAVO 2026-NQM5 1000665

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/20/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.42% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.

D

A

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D

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D

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D

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BRAVO 2026-NQM5 1000665

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/20/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.42% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.

D

A

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D

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D

D

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D

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D

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BRAVO 2026-NQM5 1000671

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000671

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000671

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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A

BRAVO 2026-NQM5 1000666

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/12/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000666

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/12/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000666

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/12/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000634

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000634

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000634

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/28/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000651

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FCRE1176

Credit

HO6 Insurance Policy Effective Date is after the Note Date

HO-6 Insurance Policy Effective Date of XX/XX/XXXX is after the XXX of XX/XX/XXXX The HO-6 Insurance Policy effective date of XX/XX/XXXX is after the closing date of XX/XX/XXXX. Please provide the HO-6 Insurance Policy with coverage starting no later than XX/XX/XXXX.

Statement of No Loss uploaded

02/17/2026

; Statement of no loss provided. ; Document Uploaded.

02/18/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

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C

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BRAVO 2026-NQM5 1000651

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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BRAVO 2026-NQM5 1000651

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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BRAVO 2026-NQM5 1000612

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FCRE1206

Credit

All Interested Parties Not Checked with Exclusionary Lists

All Interested Parties Not Checked with Exclusionary Lists. Secondary appraiser (XXX) has not been checked against the exclusionary lists.

Document Uploaded. ; Document Uploaded. ; All Interested Parties Checked against Exclusionary Lists

02/02/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 68.1% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.1% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

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BRAVO 2026-NQM5 1000612

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 68.1% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.1% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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BRAVO 2026-NQM5 1000612

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/28/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 68.1% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.1% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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BRAVO 2026-NQM5 1000637

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000637

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000637

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000604

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/19/2026

Resolved

FCOM1220

Credit

The Deed of Trust is Missing

The Deed of Trust is Missing There is no security instrument found in the file

The Deed of Trust is Present; Deed of Trust Received.; Document Uploaded.

01/23/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.18% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.18% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

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BRAVO 2026-NQM5 1000604

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/20/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.18% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.18% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

A

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D

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D

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BRAVO 2026-NQM5 1000604

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/20/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.18% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.18% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

A

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D

A

A

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D

D

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D

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D

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D

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A

BRAVO 2026-NQM5 1000775

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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A

BRAVO 2026-NQM5 1000775

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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A

A

BRAVO 2026-NQM5 1000775

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000654

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

BRAVO 2026-NQM5 1000654

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000654

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000607

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/23/2026

Resolved

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of $ are less than Guideline Required Reserves of XXX

Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.; Document Uploaded.

02/05/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 39.49% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.49% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

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A

A

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D

D

A

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D

D

A

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D

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D

D

A

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D

D

A

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A

BRAVO 2026-NQM5 1000607

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/23/2026

Resolved

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s) The assets do meeet guidelines

Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s); Document Uploaded.

02/05/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 39.49% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.49% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

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BRAVO 2026-NQM5 1000607

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/26/2026

Resolved

FCRE1964

Credit

Missing income documentation

Verification of sale proceeds are missing.

; HUD provided.; Document Uploaded.

02/05/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 39.49% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.49% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

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BRAVO 2026-NQM5 1000607

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 39.49% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.49% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

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BRAVO 2026-NQM5 1000607

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 39.49% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 39.49% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

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BRAVO 2026-NQM5 1000776

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 55.45% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.45% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000776

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 55.45% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.45% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000776

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 55.45% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.45% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000644

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000644

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000644

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000616

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/05/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Copy of appraisal was provided to borrower, taxes & insurance were escrowed.

; Informational

02/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

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BRAVO 2026-NQM5 1000616

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3367

Compliance

RESPA Homeownership Counseling Organizations Disclosure Date Test

Documentation required: According to eSign Process, the XXX is XX/XX/XXXX. Please remit homeownership counseling organizations disclosure and list issued within XXX business days of the loan XXX. This loan failed the homeownership counseling organizations disclosure date test due to the following findings: (12 CFR §1024.20(a) he loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan Originator's XXX (or the date creditor received application if loan Originator's XXX is not provided); orThe homeownership counseling organizations disclosure date is after the closing date ot later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than XXX days prior to the time when the list is provided to the loan applicant from either:(XXX he website maintained by the Bureau for lenders to use in complying with the requirements of this section; or(XXX ata made available by the Bureau or HUD for lenders to use in complying with the requirements of this section, provided that the data is used in accordance with instructions provided with the data his calculation take into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1024.2(b) and as it relates to §1024.20 (list of homeownership counseling organizations provided not later than 3 business days after a loan originator receives an application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on Christmas Day (XX/XX/XXXX LEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict lease note: This test does not validate the content of any list of homeownership counseling organizations.

Received homeownership counseling within XXX days of application - exception resolved; Received homeownership counseling within XXX days of application - exception resolved; Document Uploaded. Docs uploaded; Per the compliance report and e-sign process summary in file, the XXX is XX/XX/XXXX. The earliest dated homeownership counseling organizations disclosure in file is dated XX/XX/XXXX which is not within XXX days of the XXX. Provide the homeownership counseling organizations disclosure sent within XXX days of XX/XX/XXXX. ; Document Uploaded. Document uploaded.

02/18/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

B

A

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BRAVO 2026-NQM5 1000616

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

Documentation required: According to eSign Process, the XXX is XX/XX/XXXX. Please remit the Initial LE issued within XXX business days of the loan XXX for testing. This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

Initial LE provided - exception resolved; Initial LE provided - exception resolved; Document Uploaded. Document uploaded.

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

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C

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C

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BRAVO 2026-NQM5 1000616

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3635

Compliance

Charges That In Total Cannot Increase More Than XXX% Test

Documentation required: According to eSign Process, the XXX is XX/XX/XXXX. Please remit the Initial LE issued within XXX business days of the loan XXX for testing. This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi).

Initial LE provided - exception resolved; Initial LE provided - exception resolved; Document Uploaded. Document uploaded.

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

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C

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A

BRAVO 2026-NQM5 1000616

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3515

Compliance

Initial Loan Estimate Delivery Date Test (from application)

Documentation required: According to eSign Process, the XXX is XX/XX/XXXX. Please remit the Initial LE issued within XXX business days of the loan XXX for testing. This loan failed the initial loan estimate delivery date test (from application) due to one of the following: (12 CFR §1026.19(e)(1)(iii)(A) he initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application herefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXX regardless of the actual values on the disclosure his calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a)(XXX) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on Christmas Day (XX/XX/XXXX LEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict he creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application.

Initial LE provided - exception resolved; Initial LE provided - exception resolved; Document Uploaded. Document uploaded.

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

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C

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BRAVO 2026-NQM5 1000616

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/05/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

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C

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BRAVO 2026-NQM5 1000616

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

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C

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BRAVO 2026-NQM5 1000624

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements The loan file includes a wire transfer receipt indicating that the XXX XXX money deposit originated from XXX (XXX). However, no corresponding bank Statements from the originating account have been provided to verify the source of funds or confirm the debit transaction. Please provide verification of the XXX money deposit to ensure the funds are from an acceptable source, as these funds were applied toward the down payment/closing costs.

UW Asset LOE

02/17/2026

Wire in file - Sufficient assets not including wire. Additional evidence not needed. ; Asset Qualification Meets Guideline Requirements; Document Uploaded. ; Asset Qualification Does Not Meet Guideline Requirements The loan file includes a wire transfer receipt indicating that the XXX XXX money deposit originated from XXX (XXX). However, no corresponding bank Statements from the originating account have been provided to verify the source of funds or confirm the debit transaction. Please provide verification of the XXX money deposit to ensure the funds are from an acceptable source, as these funds were applied toward the down payment/closing costs.

02/18/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

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BRAVO 2026-NQM5 1000624

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000624

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000661

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report

Fraud report

02/18/2026

Third Party Fraud Report is provided; Drive Report provided. ; Document Uploaded.

02/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.77% is less than Guideline LTV of 80%

D

A

D

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000661

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3515

Compliance

Initial Loan Estimate Delivery Date Test (from application)

Documentation required: Initial XXX is XX/XX/XXXX. Provide the Initial LE issued within XXX business days of loan application for testing. This loan failed the initial loan estimate delivery date test (from application) due to one of the following: (12 CFR §1026.19(e)(1)(iii)(A) he initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application herefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXX regardless of the actual values on the disclosure his calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a)(XXX) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on XXX not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict he creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application.

Initial disclosure provided; exception resolved; Resolved; Document Uploaded.

02/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.77% is less than Guideline LTV of 80%

D

A

C

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000661

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3635

Compliance

Charges That In Total Cannot Increase More Than XXX% Test

Documentation required: Initial XXX is XX/XX/XXXX. Provide the Initial LE issued within XXX business days of loan application. This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi).

Initial disclosure provided; exception resolved; Resolved; Document Uploaded.

02/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.77% is less than Guideline LTV of 80%

D

A

C

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000661

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

Documentation required: Initial XXX is XX/XX/XXXX. Provide the Initial LE issued within XXX business days of loan application. This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

Initial disclosure provided; exception resolved; Resolved; Document Uploaded.

02/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.77% is less than Guideline LTV of 80%

D

A

C

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000661

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

finding-3367

Compliance

RESPA Homeownership Counseling Organizations Disclosure Date Test

Documentation required: Initial XXX is XX/XX/XXXX. Provide the homeownership counseling organizations disclosure and list dated within XXX business days of loan application. This loan failed the homeownership counseling organizations disclosure date test due to the following findings: (12 CFR §1024.20(a) he loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan Originator's XXX (or the date creditor received application if loan Originator's XXX is not provided); orThe homeownership counseling organizations disclosure date is after the closing date ot later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than XXX days prior to the time when the list is provided to the loan applicant from either:(XXX he website maintained by the Bureau for lenders to use in complying with the requirements of this section; or(XXX ata made available by the Bureau or HUD for lenders to use in complying with the requirements of this section, provided that the data is used in accordance with instructions provided with the data his calculation take into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1024.2(b) and as it relates to §1024.20 (list of homeownership counseling organizations provided not later than 3 business days after a loan originator receives an application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on XXX not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict lease note: This test does not validate the content of any list of homeownership counseling organizations.

Initial disclosure provided; exception resolved; Resolved

02/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.77% is less than Guideline LTV of 80%

D

A

B

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000661

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.77% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 40.77% is less than Guideline LTV of 80%

D

A

A

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000618

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/04/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/05/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 53.18% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.18% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000618

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FPRO8998

Property

No Property Findings

No property findings. Property and valuations related findings were not identified on the loan.

Informational

02/05/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 53.18% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.18% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000618

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines.

Informational

02/05/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 53.18% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.18% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000599

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report Missing required third party fraud report.

Third Party Fraud Report is provided; Document Uploaded. ; Missing Third Party Fraud Report Missing required third party fraud report.

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000599

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000599

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000602

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/11/2026

Acknowledged

FCRE1159

Credit

Hazard Insurance Effective Date is after the Disbursement Date

Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX. Auditor did not locate a XXX dated prior to the disbursement date of XXX.

Acknowledgement that dates are after disbursement - Email in file from Ins stating no claims and within XXX days of closing. ; Document Uploaded.

02/24/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000602

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/12/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000602

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/13/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000605

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000605

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000605

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000608

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FCRE2900

Credit

Borrower Non-XXX Identification Document Missing

Non XXX Borrower is missing Identification Document. The borrower is a XXX. The guidelines require the I-XXX Permanent Resident card, an unexpired I-XXX stamp or the I-XXX Notice of Action. The file only contains the borrower's social security card and his passport.

1003 with correct XXX

02/19/2026

Borrower Identification Document provided.; Corrected 1003 provided. ; Document Uploaded.

02/20/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000608

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000608

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000625

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/10/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60.08% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.08% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000625

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60.08% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.08% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000625

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/10/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60.08% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.08% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000777

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000777

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000777

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000649

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/13/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/17/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000649

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/13/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000649

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/13/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000778

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 13.78% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 13.78% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000778

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 13.78% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 13.78% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000778

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 13.78% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 13.78% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000827

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/14/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000827

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/14/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000827

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/14/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000613

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 37.35% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.35% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000613

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 37.35% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.35% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000613

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/28/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 37.35% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 37.35% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000617

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000617

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000617

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000626

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/13/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Points-Loan Discount Fee. There is a COC in the file (pg XXX) however no valid reason is Stated for the points increase. The following fees paid to an affiliate also increased on the CD dated XX/XX/XXXX Recording Service Fee from XXX to XXX Settlement or Closing Fee from XXX to XXX Title Courier Fee from XXX to XXX and Title Wire from XXX to XXX There is a COC in the file dated XX/XX/XXXX however it does not contain a valid reason for the increase in the settlement charges in section C.

XXX

02/24/2026

Valid COC with applicable CD provided; exception resolved; Document Uploaded. ; Updated cure amount to XXX due to increase of discount points on the CD dated XX/XX/XXXX without a valid COC in file; This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).; Document Uploaded.

02/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.96% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.96% is less than Guideline LTV of 90%

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BRAVO 2026-NQM5 1000626

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/16/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.96% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.96% is less than Guideline LTV of 90%

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BRAVO 2026-NQM5 1000626

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56.96% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 56.96% is less than Guideline LTV of 90%

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BRAVO 2026-NQM5 1000635

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000635

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000635

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000672

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/22/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/22/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000672

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/13/2026

Rescinded

FCRE2500

Credit

Missing Personal Guaranty

Missing Personal Guaranty. Underwriting Note: Personal guaranty was not obtained at closing as required by lending guidelines. Borrower{XXX} has to provide execute the personal guaranty document.

; Personal Guaranty provided.

02/22/2026

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BRAVO 2026-NQM5 1000672

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/13/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/17/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000672

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/17/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000828

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/18/2026

Resolved

finding-3532

Compliance

Initial Closing Disclosure Delivery Date Test

This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except XXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except XXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except XXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. Documentation required to clear exception. The Initial Closing Disclosure delivery date test violation based on the initial closing disclosure dated XX/XX/XXXX was received less than XXX days prior to consummation date of XX/XX/XXXX.

XXX - Initial CD XXX

03/23/2026

Initial CD received - exception resolved; Initial CD received - exception resolved; Document Uploaded.

03/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000828

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

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BRAVO 2026-NQM5 1000828

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

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BRAVO 2026-NQM5 1000829

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

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BRAVO 2026-NQM5 1000829

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

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BRAVO 2026-NQM5 1000829

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

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BRAVO 2026-NQM5 1000830

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000830

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000830

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/14/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000640

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of % is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000640

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of % is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000640

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

Downgraded to Level XXX HPML compliant. This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of % is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000627

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 49.22% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.22% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000627

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 49.22% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.22% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000627

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 49.22% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.22% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000658

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 54.78% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.78% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000658

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/26/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 54.78% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.78% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000658

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 54.78% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.78% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000619

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/26/2026

Resolved

FCRE1480

Credit

Asset 2 Does Not Meet Guideline Requirements

Asset Record XXX Does Not Meet G/L Requirements Business funds were used for the subject transaction. The cash-flow analysis included in the file, as required to assess the eligibility of business funds, reflect insufficient cash flow to support the use of funds.

Rebuttal: Asset Record XXX Does Not Meet G/L Requirements Business funds were used for the subject transaction. The cash-flow analysis included in the file, as required to assess the eligibility of business funds, reflect insufficient cash flow to support the use of funds.

03/10/2026

Asset Record XXX Meets G/L Requirements Or XXX.; ; Countered - Client sent in same document used regarding condition. No explanation. ; Cash flow analysis for business funds provided. pending review.; Document Uploaded.

05/07/2026

Qualifying DTI below max allowed. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000619

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/26/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements Borrower received XXX in gift funds at closing. A gift letter is in the file; however, documentation of the donor’s transfer of funds is not included. Please provide evidence of gift transfer (wire confirmation, canceled check, or donor Statement showing the withdrawal).

Asset Qualification Meets Guideline Requirements.; Asset Qualification Meets Guideline Requirements.; Wire provided. Resolved. ; Document Uploaded.

05/07/2026

Qualifying DTI below max allowed. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000619

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/26/2026

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines The file does not contain documentation verifying the Borrower’s ownership percentage in the LLC. The only items provided are the XXX Secretary of State entity record, Certificate of Organization and the Articles of Organization. These documents confirm the LLC’s formation and management structure but do not identify members or ownership percentages. XXX does not require ownership information to be included in the public filings; therefore; these documents are not sufficient to establish the Borrower’s ownership interest. Please provide documentation identifying the Borrower’s ownership percentage, such as an Operating Agreement, Member Ledger, Ownership Schedule, or a Statement of Sole Membership.

Rebuttal: We originally provided Articles of incorporation to confirm XXX% ownership of the company along with the business narrative form. Can this condition please be waived? The DTI for this file is only XXX% has a XXX fico score (guideline min is XXX) and doesn’t have any disputed or derogatory tradelines listed on their credit report.

03/10/2026

Income and Employment Meet Guidelines;

03/10/2026

Qualifying DTI below max allowed. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000619

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/26/2026

Resolved

FCRE3978

Credit

Missing Letter of Explanation (Credit)

The XXX bank Statement for account ending in XXX reflects two Affirm debts. A letter in file confirms the Affirm loan XXXd with bi-weekly payment of XXX has been paid in full. However, there is no documentation for the second bi-weekly Affirm payment of $XXX. Please provide evidence confirming that additional loan with bi-weekly payment of XXX is paid in full or has a fewer than XXX monthly payments remaining, or include the monthly payment of XXX in the DTI to ensure an accurate ratio.

Rebuttal: The DTI for this file is only XXX% has a XXX-fico score (guideline min is XXX) and doesn’t have any disputed or derogatory tradelines listed on their credit report.

03/10/2026

;

03/10/2026

Qualifying DTI below max allowed. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000619

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/26/2026

Resolved

FCRE1206

Credit

All Interested Parties Not Checked with Exclusionary Lists

All Interested Parties Not Checked with Exclusionary Lists. The Appraisal Company (XXX) has not been checked against the exclusionary lists.

Drive report uploaded

03/05/2026

All Interested Parties Checked against Exclusionary Lists; Drive Report provided. ; Document Uploaded.

03/05/2026

Qualifying DTI below max allowed. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000619

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/26/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. The loan is an HPML and it meets the Escrow and Appraisal Requirements.

Informational

03/05/2026

Qualifying DTI below max allowed. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

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BRAVO 2026-NQM5 1000619

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/26/2026

Resolved

FCRE9785

Credit

Purchase Contract is Incomplete

XXX is Purchase but Purchase Contract Doc is Incomplete The purchase contract reflects a XXX seller credit, while the Closing Disclosure reflects a XXX seller credit. The file does not contain an addendum or other documentation supporting the additional XXX Please provide a contract addendum or other documentation supporting the seller-paid credit disclosed on the CD.

Purchase Contract Doc is complete.; Addendum provided.; Document Uploaded.

03/05/2026

Qualifying DTI below max allowed. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000619

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/26/2026

Qualifying DTI below max allowed. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

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BRAVO 2026-NQM5 1000831

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000831

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000831

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000662

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/17/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Discount Points Fee on the Final CD dated XX/XX/XXXX. File does not contain a COC explaining the increase.

XXX Points increase COC

02/24/2026

Valid COC with applicable Cd provided; exception resolved; Valid COC with applicable Cd provided; exception resolved; Document Uploaded.

02/24/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

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BRAVO 2026-NQM5 1000662

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/16/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

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C

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C

C

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BRAVO 2026-NQM5 1000662

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

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A

C

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C

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C

C

A

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C

C

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C

C

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C

C

A

A

C

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A

A

BRAVO 2026-NQM5 1000667

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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A

BRAVO 2026-NQM5 1000667

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

BRAVO 2026-NQM5 1000667

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000631

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/28/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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BRAVO 2026-NQM5 1000631

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/28/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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BRAVO 2026-NQM5 1000631

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/28/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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BRAVO 2026-NQM5 1000632

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of $ are less than Guideline Required Reserves of $XXX. The file has business bank Statement that would afford him XXX however, the account was not listed on the Final 1003 thus not included in the available assets of the audit.

Settlement Statement uploaded.

02/17/2026

Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.; Document Uploaded. ; Audited Reserves of $ are less than Guideline Required Reserves of $XXX. The file has business bank Statement that would afford him XXX however, the account was not listed on the Final 1003 thus not included in the available assets of the audit.

02/18/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

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C

C

A

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C

C

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C

C

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A

BRAVO 2026-NQM5 1000632

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s)

Settlement Statement uploaded.

02/17/2026

Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s); Document Uploaded.

02/18/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

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C

C

A

A

C

C

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C

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C

C

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A

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A

A

A

A

BRAVO 2026-NQM5 1000632

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCRE0382

Credit

Assets do not meet guideline requirements

When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. There is a XXX Business Account Statement in the file with an account balance of $XXX. The borrower is XXX% owner of the business which would mean an availability of XXX to the borrower if the assets were listed on the 1003. However they were not listed on the 1003, hence the audit determined an insufficient amount of assets.

Settlement Statement uploaded.

02/17/2026

Funds are found to meet guidelines.; Settlement Statement uploaded for XXX dated XX/XX/XXXX. ; Document Uploaded. ; When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. There is a XXX Business Account Statement in the file with an account balance of $XXX. The borrower is XXX% owner of the business which would mean an availability of XXX to the borrower if the assets were listed on the 1003. However they were not listed on the 1003, hence the audit determined an insufficient amount of assets.

02/18/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

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C

C

A

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C

C

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C

C

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A

BRAVO 2026-NQM5 1000632

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

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A

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C

C

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C

C

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C

C

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A

BRAVO 2026-NQM5 1000632

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

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C

C

A

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C

C

A

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C

C

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C

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A

A

BRAVO 2026-NQM5 1000642

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000642

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000642

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000620

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/10/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

BRAVO 2026-NQM5 1000620

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/10/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

BRAVO 2026-NQM5 1000620

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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A

A

A

BRAVO 2026-NQM5 1000668

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Rescinded

FCRE2500

Credit

Missing Personal Guaranty

Missing Personal Guaranty.

Invalid condition

02/17/2026

Client provided Statement that personal guarantee not required. ; Document Uploaded.

02/18/2026

D

A

D

A

D

A

A

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D

D

A

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D

D

A

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D

D

A

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D

D

A

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D

D

A

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A

A

BRAVO 2026-NQM5 1000668

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/12/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.3% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.3% is less than Guideline LTV of 65%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

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A

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A

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A

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A

A

BRAVO 2026-NQM5 1000668

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.3% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.3% is less than Guideline LTV of 65%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

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D

D

A

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A

BRAVO 2026-NQM5 1000779

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000779

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000779

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

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A

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A

A

A

A

A

BRAVO 2026-NQM5 1000780

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/23/2026

Resolved

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.

Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.; Document Uploaded.

04/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000780

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/23/2026

Resolved

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s)

Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s); Client provided explanation. ; Document Uploaded.

04/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000780

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/23/2026

Rescinded

FCRE9992

Credit

Borrower Contributions Do Not Met Guideline Minimum

Percent of Borrowers Funds for Down Payment of XXX% does not meet guideline minimum XXX%

Invalid condition

03/26/2026

Guides sent from client. No borrower funds required. Rescinded; Document Uploaded.

03/30/2026

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000780

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/23/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML is compliant and allowed per lender's guidelines; therefore, downgraded to A.

Informational

03/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000780

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000600

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000600

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000600

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000781

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/26/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 73.46% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.46% is less than Guideline CLTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000781

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/26/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 73.46% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.46% is less than Guideline CLTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000781

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/26/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 73.46% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.46% is less than Guideline CLTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000603

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/19/2026

Rescinded

FCRE2335

Credit

DSCR is less than guideline minimum

Qualifying DSCR of XXX is less than guideline minimum requirement of XXX

Invalid finding. No DSCR violation. DSCR of XX/XX/XXXX > min required. Condition rescinded.; Qualifying DSCR meets Guidelines

05/07/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000603

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000603

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000603

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000669

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCRE3978

Credit

Missing Letter of Explanation (Credit)

Provide evidence that no new open tradelines resulted from credit inquiries on XX/XX/XXXX by XXX

LOX uploaded

02/17/2026

Explanation letter provided. Resolved. ; Document Uploaded.

02/18/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000669

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000669

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000782

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Acknowledged

FCRE2335

Credit

DSCR is less than guideline minimum

Qualifying DSCR of XXX is less than guideline minimum requirement of XXX Origination DSCR of XXX% is calculating HOI amount off policy for XXX. Audit calculated HOI based on current policy for the subject property results in DSCR XXX%. Guidelines minimum DSCR is XXX%

Lender exception provided for DSCR score under XXX; Significant compensating factors- LTV/FICO/No mortgage late payments. Reserves of XXX months.; Document Uploaded.

05/01/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.76% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.76% is less than Guideline LTV of 70%

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000782

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.76% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.76% is less than Guideline LTV of 70%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000782

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 53.76% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 53.76% is less than Guideline LTV of 70%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000783

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000783

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000783

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000784

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCOM1233

Credit

The Final 1003 is Incomplete

The Final 1003 is Incomplete. The file does not contain the signature page for the Final 1003

1003

04/09/2026

The Final 1003 is Present; Full 1003 provided; Document Uploaded.

04/13/2026

Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000784

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report The file does not contain a copy of the fraud report.

Fraud report

04/09/2026

Third Party Fraud Report is provided; Fraud provided; Document Uploaded.

04/13/2026

Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000784

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCOM1206

Credit

The Note is Missing

The Note is Missing. The file does not contain a copy of the note.

Note

04/09/2026

The Note is Present.; Note provided; Document Uploaded.

04/13/2026

Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

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D

D

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D

D

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D

D

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D

D

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A

BRAVO 2026-NQM5 1000784

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

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D

D

A

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D

D

A

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D

D

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D

D

A

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A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000784

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

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D

D

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D

D

A

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A

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A

A

A

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A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000785

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 45.05% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.05% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000785

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 45.05% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.05% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000785

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 45.05% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.05% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

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A

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A

BRAVO 2026-NQM5 1000786

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FCRE0377

Credit

The Total Hazard Coverage is LESS than the Required Coverage Amount

The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). When the loan amount exceeds the RCE, coverage in the amount of the loan is required.

XXX HOI

03/27/2026

The Total Hazard Coverage is greater than or equal to the Required Coverage Amount; HOI provided ; Document Uploaded.

04/01/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80%

C

A

C

A

C

A

A

A

C

A

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000786

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

finding-3532

Compliance

Initial Closing Disclosure Delivery Date Test

This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except XXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except XXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except XXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the file is dated XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XX/XX/XXXX.

Initial CD provided; exception resolved ; Initial CD provided; exception resolved ; Document Uploaded.

04/01/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80%

C

A

C

A

C

A

A

A

C

A

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000786

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80%

C

A

A

A

C

A

A

A

C

A

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000787

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

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A

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A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000787

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000787

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

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A

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A

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A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000788

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/25/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/26/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 51.95% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 51.95% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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A

A

A

A

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A

A

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A

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A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000788

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/25/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/26/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 51.95% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 51.95% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000788

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/25/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/26/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 51.95% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 51.95% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000789

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.22% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.22% is less than Guideline LTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000789

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.22% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.22% is less than Guideline LTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000789

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.22% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.22% is less than Guideline LTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000790

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCRE1148

Credit

Title Coverage is Less than Subject Lien

Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Provide title coverage reflect total amount of subject lien XXX

Title Commitment

04/09/2026

Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Title provided; Document Uploaded.

04/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

B

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000790

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000790

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000791

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/29/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report The file is missing a 3rd party Fraud Report

XXX

04/02/2026

Third Party Fraud Report is provided; Fraud provided; Document Uploaded.

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000791

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000791

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000792

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000792

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations. The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000792

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000793

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FCRE1182

Credit

Approval/Underwriting Summary Not Provided

Missing Approval/Underwriting Summary. The file does not contain a copy of the XXX

Approval/Underwriting Summary is fully present; Document Uploaded.

04/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90%

B

A

B

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000793

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90%

B

A

A

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000793

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 90%

B

A

A

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000794

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report Third Party Fraud Report is missing

Fraud Report

03/26/2026

Third Party Fraud Report is provided; Fraud report provided; Document Uploaded.

03/30/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.43% is less than Guideline CLTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.43% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000794

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/24/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.43% is less than Guideline CLTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.43% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000794

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/24/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.43% is less than Guideline CLTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.43% is less than Guideline LTV of 85% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000795

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000795

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000795

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000796

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Rescinded

FCRE1146

Credit

Title Document is Partially Present

Title Document is incomplete or only partially present. Title commitment in file is missing the commitment number.

Letter of explanation

04/02/2026

Explanation letter provided. Per title company, Our title commitments do not have numbers; Document Uploaded.

04/03/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000796

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000796

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000797

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/29/2026

Rescinded

FPRO1500

Property

HOA Questionnaire is Missing

HOA Questionnaire Missing There is no HOA questionnaire found in the file.

; HOA Questionnaire Provided

04/02/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000797

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000798

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000798

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000798

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000799

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FPRO0951

Property

Condo Approval Missing

Condo Approval Missing. There is no condo approval in the file.

XXX

03/27/2026

Condo Approval is provided.; ; Condo and PUD warranty; Document Uploaded.

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

B

A

A

A

B

A

A

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000799

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/26/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

A

A

B

A

A

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000799

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/26/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

A

A

B

A

A

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000800

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

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A

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BRAVO 2026-NQM5 1000800

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000800

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000801

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000801

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000801

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000802

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/25/2026

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: Third Party Valuation required due to FNMA UCDP Score of XXX.

Third Party Valuation report

04/06/2026

Property/Appraisal Meets Guidelines; TPV provided; Document Uploaded.

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

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BRAVO 2026-NQM5 1000802

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/26/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

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C

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BRAVO 2026-NQM5 1000802

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/26/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

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C

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C

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C

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C

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A

BRAVO 2026-NQM5 1000803

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000803

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

BRAVO 2026-NQM5 1000803

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000804

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000804

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000804

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000805

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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A

A

BRAVO 2026-NQM5 1000805

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000805

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

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A

BRAVO 2026-NQM5 1000806

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report The file does not contain a copy of the fraud report.

XXX FRAUD REPORT

04/02/2026

Third Party Fraud Report is provided; Fraud report provided; Document Uploaded.

04/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.68% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.68% is less than Guideline LTV of 90%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000806

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.68% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.68% is less than Guideline LTV of 90%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000806

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.68% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.68% is less than Guideline LTV of 90%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000807

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report Third Party Fraud Report is missing

XXX Fraud Report

04/03/2026

Third Party Fraud Report is provided; Fraud provided; Document Uploaded.

04/06/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000807

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from of the discount points fee from XXX to XXX on the CD dated XX/XX/XXXX without valid COC.

Valid COC and closing Disclosure

04/02/2026

Valid COC provided; exception resolved; Valid COC provided; exception resolved; Document Uploaded.

04/03/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000807

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000808

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.69% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.69% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

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BRAVO 2026-NQM5 1000808

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.69% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.69% is less than Guideline LTV of 75%

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BRAVO 2026-NQM5 1000808

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.69% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.69% is less than Guideline LTV of 75%

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BRAVO 2026-NQM5 1000809

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000809

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000809

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000810

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 72.6% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 72.6% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000810

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 72.6% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 72.6% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000810

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 72.6% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 72.6% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000811

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 64% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64% is less than Guideline CLTV of 90%

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BRAVO 2026-NQM5 1000811

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 64% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64% is less than Guideline CLTV of 90%

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BRAVO 2026-NQM5 1000811

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 64% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64% is less than Guideline CLTV of 90%

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BRAVO 2026-NQM5 1000812

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000812

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000812

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations. The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000813

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCOM1544

Compliance

TRID: Missing Closing Disclosure

TRID: Missing Final Closing Disclosure Final CD signed at closing is missing from the file. There is an incomplete CD in the file dated XX/XX/XXXX

Closing disclosure and LOX Attached; Final Closing Disclosure

04/29/2026

TRID: Final Closing Disclosure Provided; Document Uploaded. ; TRID: Missing Final Closing Disclosure CD provided did not contain a completed Page XXX The loan calculations section was blank; Document Uploaded.

04/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000813

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/03/2026

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements The file is missing a rent free letter

Rent free Letter

04/08/2026

Housing History Meets Guideline Requirements; Rent free LOX provided; Document Uploaded.

04/09/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000813

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/03/2026

Resolved

FCRE9992

Credit

Borrower Contributions Do Not Met Guideline Minimum

Percent of Borrowers Funds for Down Payment of XXX% does not meet guideline minimum XXX% The borrower's down payment amount was XXX There was a gift in the amount of XXX and an agent credit for XXX totaling XXX The borrower received cash back at settlement in the amount of $XXX.

Letter of explanation

04/08/2026

; Document Uploaded.

04/09/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

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BRAVO 2026-NQM5 1000813

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/03/2026

Resolved

FCRE9992

Credit

Borrower Contributions Do Not Met Guideline Minimum

Percent of Borrowers Funds for Down Payment of XXX% does not meet guideline minimum XXX% The borrower's down payment amount was XXX There was a gift in the amount of XXX and an agent credit for XXX totaling XXX The borrower received cash back at settlement in the amount of $XXX.

Letter of explanation

04/08/2026

Borrower Contributions Meet Guidelines; Client provided explanation, "He had $ XXX XXX money that was paid upfront that would be credited to the down payment. The funds from the agent was applied to closing costs. $ XXX plus the gift of $ XXX totals $ XXX The down payment was $ XXX so that is an excess of $ XXX This is more than enough to cover the $ XXX that he received back."; ; Document Uploaded.

04/09/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

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BRAVO 2026-NQM5 1000813

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/03/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

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BRAVO 2026-NQM5 1000814

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000814

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

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BRAVO 2026-NQM5 1000814

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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A

A

A

BRAVO 2026-NQM5 1000815

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.58% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.58% is less than Guideline LTV of 75%

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000815

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.58% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.58% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000815

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/14/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.58% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.58% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

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A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000816

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report

Third Party Fraud Report is provided; Fraud provided; Document Uploaded.

04/08/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000816

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000816

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000817

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCRE1438

Credit

ATR Risk

ATR Risk. There are no bank Statements in the file to verify income calculations.

Bank Statement

04/15/2026

ATR Risk Resolved.; Document Uploaded.

04/22/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000817

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines No bank Statements in file. Income could not be calculated.

Income and Employment Meet Guidelines; Wkst and Statements provided; Document Uploaded.

04/22/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000817

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCRE1467

Credit

Asset 1 Missing

Asset 1 Missing. No asset Statements were provided.

Asset 1 Provided

04/22/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000817

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/14/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000817

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/14/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000818

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/09/2026

Resolved

FCRE2109

Credit

Missing Lender Income Calculation Worksheet

Please provide bank Statement income calculation worksheet.

Lender Income Worksheet received.; Document Uploaded.

04/22/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.52% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.52% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.52% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.52% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000818

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.52% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.52% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.52% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.52% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

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D

D

A

A

A

A

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A

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A

A

A

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A

A

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A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000818

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.52% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.52% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.52% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.52% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000819

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000819

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000819

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/09/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000820

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/08/2026

Resolved

FCRE2504

Credit

Borrower 2 Verbal Verification of Employment does not meet GSE guideline timing requirement

B2 Verbal Verification of Employment was obtained more than XXX business day prior to the Note.

Verbal Verification of Employment

04/16/2026

B2 Verbal Verification of Employment meets guideline timing requirement.; VOE provided; Document Uploaded.

04/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000820

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000820

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000821

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/09/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000821

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/09/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000821

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/09/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000822

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

BRAVO 2026-NQM5 1000822

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000822

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000823

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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BRAVO 2026-NQM5 1000823

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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BRAVO 2026-NQM5 1000823

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

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BRAVO 2026-NQM5 1000824

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCRE1159

Credit

Hazard Insurance Effective Date is after the Disbursement Date

Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XXX-XXX-XXX.

Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided.; Document Uploaded.

04/22/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.99% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.99% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

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C

C

A

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C

C

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C

C

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A

BRAVO 2026-NQM5 1000824

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.99% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.99% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

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C

C

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C

C

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C

C

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A

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A

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A

A

BRAVO 2026-NQM5 1000824

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.99% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.99% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

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A

C

C

A

A

C

C

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C

C

A

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A

BRAVO 2026-NQM5 1000825

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.49% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.49% is less than Guideline LTV of 80%

A

A

A

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A

A

BRAVO 2026-NQM5 1000825

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.49% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.49% is less than Guideline LTV of 80%

A

A

A

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A

A

BRAVO 2026-NQM5 1000825

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.49% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 46.49% is less than Guideline LTV of 80%

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000826

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 12% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 12% is less than Guideline LTV of 75%

A

A

A

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A

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A

A

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A

A

A

BRAVO 2026-NQM5 1000826

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 12% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 12% is less than Guideline LTV of 75%

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000826

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 12% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 12% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000832

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FCRE1182

Credit

Approval/Underwriting Summary Not Provided

Missing Approval/Underwriting Summary. Missing XXX/Lender Final Approval.

XXXXX - XXX

03/23/2026

Approval/Underwriting Summary is fully present; XXX provided; Document Uploaded.

03/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

B

A

B

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000832

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000832

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000833

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCRE1193

Credit

Audited DTI Exceeds Guideline DTI

Audited DTI of XXX% exceeds Guideline DTI of XXX% The lender approved the loan with a DTI ratio of XXX% which was partially due to using a primary housing expense of XXX per month. The loan file indicated the XXX loan secured by the borrowers’ primary residence would be paid off at/prior to closing; however, there was no documentation provided confirming the loan was paid off. As a result, inclusion of the payment of XXX per month for this mortgage loan resulted in a total primary housing expense of $XXX. Consideration of the total primary housing expense calculated during this review resulted in a DTI ratio of XXX%.

Current WVOEs and Income Calcs with LOE

04/30/2026

Audited DTI of XXX% is less than or equal to Guideline DTI of XXX%; Document Uploaded.

04/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000833

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCRE0387

Credit

Borrower 2 Photo Identification not provided

Borrower 2 Photo Identification not provided. The US Patriot Act Disclosure provided for B2 was illegible.

Borrower Identification - Legible_Patriot Act_B2

04/17/2026

Photo Identification provided.; Patriot Act provided; Document Uploaded.

04/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000833

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000833

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000834

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Appraisal Review Fee added on the XX/XX/XXXX CD without a COC. Cure was provided for the XXX Additional appraisal report but not for the XXX Appraisal review.

CD refund

04/03/2026

Valid COC provided; exception resolved; Valid COC provided; exception resolved; Document Uploaded.

04/06/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

B

A

A

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C

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C

B

A

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B

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B

A

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B

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C

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A

BRAVO 2026-NQM5 1000834

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FCRE1182

Credit

Approval/Underwriting Summary Not Provided

Missing Approval/Underwriting Summary. The file does not contain a copy of the XXX

XXXXX

03/26/2026

Approval/Underwriting Summary is fully present; XXX provided; Document Uploaded.

03/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

B

A

B

A

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C

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B

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B

A

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B

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A

BRAVO 2026-NQM5 1000834

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

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B

A

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C

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B

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A

BRAVO 2026-NQM5 1000835

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Rescinded

FCRE2500

Credit

Missing Personal Guaranty

Missing Personal Guaranty.

personal guarantee

03/27/2026

Per client, "A personal guarantee is not required when the borrower is financing as an individual. Please waive that condition" Rescinded. ; Document Uploaded.

03/31/2026

A

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BRAVO 2026-NQM5 1000835

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Rescinded

FCRE2007

Credit

Loan Agreement Missing

Missing loan agreement as required per guidelines or as referenced in the loan file.

XXX XXX XXX CD & XXX XXX XXX Note

03/27/2026

Rescinded - Loan approval page XXX in original file. Client sent in CD and Note ; Document Uploaded.

03/31/2026

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BRAVO 2026-NQM5 1000835

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000835

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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BRAVO 2026-NQM5 1000836

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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BRAVO 2026-NQM5 1000836

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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BRAVO 2026-NQM5 1000836

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

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BRAVO 2026-NQM5 1000837

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FCRE1148

Credit

Title Coverage is Less than Subject Lien

Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX The title commitment provided indicates a proposed Amount of insurance as XXX and the loan amount is XXX

Policy

03/26/2026

Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Policy with correct coverage provided; Document Uploaded.

03/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

B

A

B

A

A

A

A

A

B

B

A

A

B

B

A

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B

B

A

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B

B

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B

A

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A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000837

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

B

A

A

A

A

A

B

B

A

A

B

B

A

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B

B

A

A

B

B

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B

B

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A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000837

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

B

A

A

A

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B

B

A

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B

B

A

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B

B

A

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B

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B

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A

BRAVO 2026-NQM5 1000838

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FPRO1500

Property

HOA Questionnaire is Missing

HOA Questionnaire Missing There is no HOA Questionnaire found in the file.

HOA Questionnaire Provided; HOA evidence provided. ; Document Uploaded. XXX

03/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

A

A

D

A

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

A

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A

A

BRAVO 2026-NQM5 1000838

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

A

A

D

A

A

A

D

A

D

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D

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D

A

D

A

D

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D

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D

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D

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D

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A

A

BRAVO 2026-NQM5 1000838

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

A

A

D

A

A

A

D

A

D

A

D

A

D

A

D

A

D

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D

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D

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D

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D

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A

A

BRAVO 2026-NQM5 1000839

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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A

A

BRAVO 2026-NQM5 1000839

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000839

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000840

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

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A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000840

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

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A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000840

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/24/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000841

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.21% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.21% is less than Guideline LTV of 80%

A

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000841

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/02/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.21% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.21% is less than Guideline LTV of 80%

A

A

A

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A

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A

A

A

A

BRAVO 2026-NQM5 1000841

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/02/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.21% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.21% is less than Guideline LTV of 80%

A

A

A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000842

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/02/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000842

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/02/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

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BRAVO 2026-NQM5 1000842

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000843

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/02/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000843

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/02/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000843

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000844

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000844

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000844

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000410

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/06/2026

Resolved

FCRE1151

Credit

Satisfactory Chain of Title not Provided

Unsatisfactory Chain of Title provided Per Lender's guidelines a XXX month chain of Title is required and Title provide does not reflect any chain

Uploading last recorded deed which serves as the chain of title

01/08/2026

Satisfactory Chain of Title has been provided

01/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 13.53% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 13.53% is less than Guideline CLTV of 65%

C

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BRAVO 2026-NQM5 1000410

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 13.53% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 13.53% is less than Guideline CLTV of 65%

C

A

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BRAVO 2026-NQM5 1000344

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/02/2026

Resolved

FCRE0382

Credit

Assets do not meet guideline requirements

When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. Per Lender's guidelines FICO score of less than XXX require XXX months reserves

Per GL’s XXXs are exempt from credit report requirements; therefore, a FICO score is not generated, rendering this finding XXX

01/06/2026

Funds are found to meet guidelines.

01/08/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 40.74% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.74% is less than Guideline CLTV of 75%

C

A

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BRAVO 2026-NQM5 1000344

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/02/2026

Resolved

FCRE2335

Credit

DSCR is less than guideline minimum

Qualifying DSCR of XXX is less than guideline minimum requirement of XXX. DSCR of XXX is less due to Lender used I/O and System used higher qualifying rate

XXX use of I/O for DSCR calc is correct so minimum DSCR of XXX is met. Nothing further should be needed

01/07/2026

Updated Minimum DSCR to XXX; Qualifying DSCR meets Guidelines; Qualifying DSCR of XXX is less than guideline minimum requirement of XXX.

01/08/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 40.74% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.74% is less than Guideline CLTV of 75%

C

A

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BRAVO 2026-NQM5 1000344

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/05/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 40.74% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 40.74% is less than Guideline CLTV of 75%

C

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BRAVO 2026-NQM5 1000359

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Acknowledged

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing

Acknowledged as 2/B grading per client request

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

B

B

B

B

A

A

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B

B

A

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B

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B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000359

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Acknowledged

FCOM1266

Compliance

Homeownership Counseling Disclosure Is Missing

Homeownership Counseling Disclosure Is Missing

Acknowledged as 2/B grading per client request

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

B

B

B

B

A

A

A

A

B

B

B

A

A

B

B

A

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B

B

A

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B

A

A

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A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000359

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/06/2026

Acknowledged

FCOM3608

Compliance

Intent to Proceed is Missing

The intent to proceed is missing.

Acknowledged as 2/B grading per client request

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

B

B

B

B

A

A

A

A

B

B

B

A

A

B

B

A

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B

B

A

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B

A

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B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000359

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

B

B

A

A

A

A

A

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000359

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

B

B

A

A

A

A

A

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000705

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/09/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue Provide the final certified settlement Statement.

Document Uploaded. Uploading Final HUD

03/24/2026

Property Title Issue Resolved

03/25/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000705

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/09/2026

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 62.5% exceeds Guideline CLTV of 60% The maximum CLTV/LTV for cash out XXX of a manufactured home is XXX%

Document Uploaded. ; Uploading updated ULAW with comp factors

03/10/2026

Lender exception approval provided - Ok per XXX for missing document verifying XXX is attached to primary residence and for 62.50% LTV/CLTV/HCLTV. Ok per XXX. for waiving PPP. Comp factors XXX FICO, XX/XX/XXXX DSCR, significant reserves with cash out, borrower is a seasoned landlord with a well established REO portfolio.

03/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000705

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/09/2026

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 62.5% exceeds Guideline HCLTV of 60% The maximum HCLTV/LTV for cash out XXX of a manufactured home is XXX%

; Uploading updated ULAW with comp factors

03/10/2026

Lender exception approval provided - Ok per XXX for missing document verifying XXX is attached to primary residence and for 62.50% LTV/CLTV/HCLTV. Ok per XXX. for waiving PPP. Comp factors XXX FICO, XX/XX/XXXX DSCR, significant reserves with cash out, borrower is a seasoned landlord with a well established REO portfolio.

03/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000705

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/09/2026

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 62.5% exceeds Guideline LTV of 60% The maximum CLTV/LTV for cash out XXX of a manufactured home is XXX%

Document Uploaded. ; Uploading updated ULAW with comp factors

03/10/2026

Lender exception approval provided - Ok per XXX for missing document verifying XXX is attached to primary residence and for 62.50% LTV/CLTV/HCLTV. Ok per XXX. for waiving PPP. Comp factors XXX FICO, XX/XX/XXXX DSCR, significant reserves with cash out, borrower is a seasoned landlord with a well established REO portfolio.

03/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000705

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/09/2026

Acknowledged

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The loan application reflects the primary residence; XXX . secured with XXX #XXX, however, the Data Verify REO reflects A mortgage with The  XXX. Provide a mortgage Statement or Property report to verify XXX secures the primary residence.

Document Uploaded. Uploading updated ULAW with comp factors

03/10/2026

Lender exception approval provided - Ok per XXX for missing document verifying XXX is attached to primary residence and for 62.50% LTV/CLTV/HCLTV. Ok per XXX. for waiving PPP. Comp factors XXX FICO, XX/XX/XXXX DSCR, significant reserves with cash out, borrower is a seasoned landlord with a well established REO portfolio.

03/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000705

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/09/2026

Acknowledged

FCRE3798

Credit

Product Type does not meet eligibility requirement(s)

The subject was listed for sale XX/XX/XXXX which requires a minimum XXX year pre payment penalty. GL XX/XX/XXXX

Document Uploaded. ; Uploading updated ULAW with comp factors

03/10/2026

Lender exception approval provided - Ok per XXX for waiving PPP. Comp factors XXX FICO, XX/XX/XXXX DSCR, significant reserves with cash out, borrower is a seasoned landlord with a well established REO portfolio.

03/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000705

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000396

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 75% exceeds Guideline CLTV of 70% The maximum CLTV/LTV for ITIN purchase is XXX% Lender exception to XXX% Provide XXX additional compensating factor

Uploading updated ULAW with comp factors.

02/02/2026

Lender exception approval provided - Ok per XXX for 75% HCLTV, comp factors, XXX FICO, XX/XX/XXXX DSCR, subject has newer roof.; Audited CLTV of 75% exceeds Guideline CLTV of 70% The maximum CLTV/LTV for ITIN purchase is XXX% Lender exception to XXX% Provide XXX additional compensating factor

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000396

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements The bank Statement reflects XXX sent for EMD. Provide a certified EMD receipt.

Document Uploaded. Uploading EDR.

02/02/2026

Asset Qualification Meets Guideline Requirements; Asset Qualification Does Not Meet Guideline Requirements The bank Statement reflects XXX sent for EMD. Provide a certified EMD receipt.

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000396

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 75% exceeds Guideline HCLTV of 70% The maximum CLTV/LTV for ITIN purchase is XXX% Lender exception to XXX% Provide XXX additional compensating factor

Document Uploaded. Uploading updated ULAW with comp factors.

02/02/2026

Lender exception approval provided - Ok per XXX for 75% HCLTV, comp factors, XXX FICO, XX/XX/XXXX DSCR, subject has newer roof.; Audited HLTV of 75% exceeds Guideline HCLTV of 70% The maximum CLTV/LTV for ITIN purchase is XXX% Lender exception to XXX% Provide XXX additional compensating factor

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000396

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 75% exceeds Guideline LTV of 70% The maximum CLTV/LTV for ITIN purchase is XXX% Lender exception to XXX% Provide XXX additional compensating factor

Document Uploaded. Uploading updated ULAW with comp factors.

02/02/2026

Lender exception approval provided - Ok per XXX for 75% HCLTV, comp factors, XXX FICO, XX/XX/XXXX DSCR, subject has newer roof.; Audited LTV of 75% exceeds Guideline LTV of 70% The maximum CLTV/LTV for ITIN purchase is XXX% Lender exception to XXX% Provide XXX additional compensating factor

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000396

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000396

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000404

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000404

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000405

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/21/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 65%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000405

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/21/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 65%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000405

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/21/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 65% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 65%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000706

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Acknowledged

FPRO1245

Property

Appraisal is Expired

Primary Value Appraisal is Expired The appraisal is dated XXX/XXX/XXX. Provide an Appraisal Update report with Photos.

Lender exception approval provided - Ok per XXX to extend appraisal expiration to closing, comp factors, XXX FICO, 60% LTV, significant reserves after closing, subject in C3 condition with recent updating.

03/25/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

A

A

C

B

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000706

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

A

A

C

B

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000706

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

A

A

C

B

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000345

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements The settlement Statement reflects XXX due from the borrower. Provide updated loan application to list source of funds and a copy of the wire, check sent for funds to close.

Document Uploaded. Uploading updated 1003, proof of funds not required since they are not gift funds.

02/09/2026

Asset Qualification Meets Guideline Requirements; Asset Qualification Does Not Meet Guideline Requirements The settlement Statement reflects XXX due from the borrower. Provide updated loan application to list source of funds and a copy of the wire, check sent for funds to close.

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000345

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements The loan application reflects borrower has lived at XXX . for XXX years. The credit supplement shows XXX month pay-history with XXX opened XXX/XXX, (reported XXX/XXX). Provide XXX months pay history for the primary residence.

Document Uploaded. Uploading updated ULAW with comp factors

02/09/2026

Lender exception approval provided - Ok per XXX to accept pay history as-is, comp factors, XXX FICO, XXX DSCR, significant reserves after closing, subject in C3 condition with very recent updating. ; Housing History Does Not Meet Guideline Requirements The loan application reflects borrower has lived at XXX . for XXX years. The credit supplement shows XXX month pay-history with XXX opened XXX/XXX, (reported XXX/XXX). Provide XXX months pay history for the primary residence.

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000345

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000707

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/03/2026

Resolved

FCRE0377

Credit

The Total Hazard Coverage is LESS than the Required Coverage Amount

The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). Provide proof of sufficient Hazard Insurance coverage with a RCE.

Document Uploaded. Please review comments from insurance agent.

03/06/2026

The Total Hazard Coverage is greater than or equal to the Required Coverage Amount

03/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000707

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/03/2026

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: The appraisal reflects the property was purchased XX/XX/XXXX for XXX Purchased < XXX months requires a list of improvements with documented receipts to support the appraised value. The appraisal reflects subject is vacant. A copy of 1st months rent and security checks are in the file. Provide proof the funds have been deposited into the borrowers account.

Document Uploaded. Uploading DV report. Per DataVerify, property was bought at auction and was not exposed to the full market. The seasoning requirement XXX since the guideline assumes subject was bought through standard marketing channels where potential buyers and standard-type loans would be available. Rather, this was done via an FC sale that has strict timelines making getting loans very difficult. These are XXX different scenarios that must be treated differently. Regarding proof funds have been deposited, our guidelines only require proof of receipt, not cancelled checks.

03/05/2026

Property/Appraisal Meets Guidelines

03/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000341

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000341

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000402

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/12/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/12/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000402

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/12/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/12/2026

A

A

A

A

A

A

A

A

A

A

A

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A

BRAVO 2026-NQM5 1000382

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000382

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000382

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000348

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

12/23/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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A

A

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A

BRAVO 2026-NQM5 1000348

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

12/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

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A

BRAVO 2026-NQM5 1000380

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FCRE8201

Credit

Loan does not conform to program guidelines

Lender Approved Exception Per XXX: Approved to match XXX yr I/O on XXX 75% LTV XXX% @ XXX.

Lender compensating factors for acknowledgement: FICO, Cash-out for reserves

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000380

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000380

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000389

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000389

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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A

A

BRAVO 2026-NQM5 1000350

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/05/2026

Resolved

FPRO9990

Property

Third Party Valuation Product Not Provided within XXX% Tolerance

Third Party Valuation Product Not Provided or Not Provided Within Tolerance. The file does not contain the CU score, FHLMC result, or a desk review. Lender to provide a third party valuation product for the subject property.

Uploading desk review

01/07/2026

Third party valuation product provided within tolerance.

05/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

C

A

A

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000350

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/05/2026

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

The file does not contain documentation to verify taxes and insurance for XXX. Lender to provide tax and HOI documentation for XXX.

Uploading tax cert and master policy showing walls-in coverage

01/07/2026

XXX provided Master Ins policy and property documents for XXX.

01/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

C

A

A

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000350

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/05/2026

Resolved

FCRE1728

Credit

Missing rent comparable schedule form 1007

The Final 1003 reflects rent of XXX for XXX; however, verification is not in file. Lender to provide rent comparable schedule XXX for XXX.

Document Uploaded. Please review the appraisal which includes the XXX

01/06/2026

XXX provided for XXX XXX

01/06/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

C

A

A

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

A

A

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A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000387

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/05/2026

Resolved

FCRE9500

Credit

Missing Letter of Explanation (Assets)

The XXX  #XXX reflects a XXX deposit on XXX/XXX/XXX. XXX program requires the funds be seasoned a minimum of XXX days. Provide a letter of explanation for the deposit along with documentation for source of funds. GL XX/XX/XXXX

XXX does not have a line-item requirement to document and source individual deposits.

01/07/2026

XXXs and Acceptable Assets guidelines does not reflect large deposit sourcing.

01/08/2026

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000387

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/05/2026

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000708

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/11/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

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A

A

A

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A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000708

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/11/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/11/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000708

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/11/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/11/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000383

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FPRO9990

Property

Third Party Valuation Product Not Provided within XXX% Tolerance

Third Party Valuation Product Not Provided or Not Provided Within Tolerance.

Document Uploaded. Desk Review uploaded for review

02/06/2026

Third party valuation product provided within tolerance.

02/24/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.82% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.82% is less than Guideline LTV of 75%

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000383

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FCRE1197

Credit

Audited FICO is less than Guideline FICO

Audited FICO of is less than Guideline FICO of XXX DSCR <XXX requires minimum XXX FICO.

The FICO restrictions do not apply to FN borrowers. XX/XX/XXXX FN borrowers are not subject to FICO restrictions since they have no FICO or SSN. This is different than the XXX/no score program in that FN has their own restrictions on LTV, but they cannot have restrictions on things that a XXX would not normally have, like a FICO or other US based factors. If unable to clear, please escalate to supervisor. Thank you; The FICO restrictions do not apply to FN borrowers.

02/09/2026

; Audited FICO of is less than Guideline FICO of XXX.; Audited FICO of is less than Guideline FICO of XXX DSCR <XXX requires minimum XXX FICO.

02/12/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.82% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.82% is less than Guideline LTV of 75%

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000383

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FCRE1479

Credit

Asset 1 Does Not Meet Guideline Requirements

Asset Record XXX Does Not Meet G/L Requirements. Statements from XXX from Nov XXX through Jan XXX reflect deposits from sale of stock. Provide the paper trail to show the stock was held in the borrowers name.

Document Uploaded. Uploading proof borrower held the stock

02/05/2026

Asset Record XXX Meets G/L Requirements; Asset Record XXX Does Not Meet G/L Requirements. Statements from XXX from Nov XXX through Jan XXX reflect deposits from sale of stock. Provide the paper trail to show the stock was held in the borrowers name.

02/09/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.82% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.82% is less than Guideline LTV of 75%

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000383

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements The funds wired for closing XXX originated from XXX; however, the funds were verified in XXX. Provide the paper trail to show the funds originated in XXX were wired to XXX..

XXX handled the international wire transfer but each receipt shows XXX as the source account and that is the account with XXX

02/05/2026

Asset Qualification Meets Guideline Requirements; Asset Qualification Does Not Meet Guideline Requirements The funds wired for closing XXX originated from XXX; however, the funds were verified in XXX. Provide the paper trail to show the funds originated in XXX were wired to XXX..

02/09/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.82% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.82% is less than Guideline LTV of 75%

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000383

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/04/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.82% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.82% is less than Guideline LTV of 75%

C

A

A

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000383

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/04/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.82% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.82% is less than Guideline LTV of 75%

C

A

A

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000709

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/25/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/25/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000709

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/25/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/25/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000363

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/02/2026

Acknowledged

FCOM1869

Compliance

Closing Disclosure is Not Executed

The closing disclosure is not executed. The complete Final CD could not be located in the file.

Acknowledged as 2/B grading per client request

01/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

B

B

B

A

A

A

A

B

B

B

A

A

B

B

A

A

B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000363

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/02/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

B

A

A

A

A

A

A

B

B

B

A

A

B

B

A

A

B

B

A

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B

B

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B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000363

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/02/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

B

A

A

A

A

A

A

B

B

B

A

A

B

B

A

A

B

B

A

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B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000397

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/26/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

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A

A

A

BRAVO 2026-NQM5 1000397

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000343

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000343

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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A

BRAVO 2026-NQM5 1000398

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/16/2026

Acknowledged

FCRE9178

Credit

Borrower has less than XXX FICO scores and does not meet minimum required to be scored.

Borrower has less than XXX FICO scores and does not meet minimum required to be scored.

Acknowledged as 2/B grading per client request; Borrower 2 has less than XXX FICO scores and does not meet minimum required to be scored.; Borrower(s) FICO score meets guidelines.; Borrower has less than XXX FICO scores and does not meet minimum required to be scored.

01/16/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 56% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56% is less than Guideline CLTV of 70%

B

B

B

B

B

B

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000398

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/16/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 56% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56% is less than Guideline CLTV of 70%

B

B

A

A

B

B

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000398

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/16/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/16/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 56% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 56% is less than Guideline CLTV of 70%

B

B

A

A

B

B

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000364

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/19/2026

Resolved

FCRE1204

Credit

Fraud Report Shows Uncleared Alerts

Fraud Report Shows Uncleared Alerts Borrower current residence address is NOT the most ACTIVE address reported by credit grantors in the past XXX days. Mailing address on payoff XXX  XXXXX XXX is a commercial place, not a residence per XXX om

DSCR loans are evaluated solely on the subject property. If the borrower indicates on the 1003 that XXX. is their primary residence, XXX relies on that disclosure as Stated

02/23/2026

All Fraud Report Alerts have been cleared or None Exist

02/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.83% is less than Guideline LTV of 60% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.83% is less than Guideline CLTV of 60%

C

A

C

A

C

A

A

A

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A

C

C

A

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C

C

A

A

C

C

A

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C

C

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C

C

A

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A

A

A

BRAVO 2026-NQM5 1000364

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/20/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.83% is less than Guideline LTV of 60% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.83% is less than Guideline CLTV of 60%

C

A

A

A

C

A

A

A

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A

C

C

A

A

C

C

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C

C

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C

C

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C

C

A

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A

BRAVO 2026-NQM5 1000351

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/30/2026

A

A

A

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A

BRAVO 2026-NQM5 1000351

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/30/2026

A

A

A

A

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A

BRAVO 2026-NQM5 1000351

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/30/2026

A

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000710

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000710

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000375

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/14/2026

Resolved

FCRE1206

Credit

All Interested Parties Not Checked with Exclusionary Lists

All Interested Parties Not Checked with Exclusionary Lists. Check XXX with Exclusionary Lists.

Document Uploaded. Please review the updated DV report. ; XXX(BA): Uploaded DV for clearance

01/16/2026

All Interested Parties Checked against Exclusionary Lists; ; No documents attached. Please upload.

01/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000375

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/14/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

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C

C

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A

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A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCOM1229

Credit

1-4 Family Rider is Missing

1-4 Family Rider is Missing.

Please note that the Assignment of Rents is address in section XXX (a) of the DOT.

01/23/2026

The 1-4 Family Rider is Present; ; 1-4 Family Rider provided in trailing docs.

02/24/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCOM1220

Credit

The Deed of Trust is Missing

The Deed of Trust is Missing MISSING MORTGAGE / Deed of trust

Document Uploaded. Please review the closing package for DOT.

01/23/2026

The Deed of Trust is Present; The Deed of Trust is Missing MISSING MORTGAGE / Deed of trust

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FCOM1206

Credit

The Note is Missing

The Note is Missing. Missing note

Document Uploaded. Please review the closing package for the Note.

01/23/2026

The Note is Present.; The Note is Missing. Missing note

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCOM1232

Credit

The Final 1003 is Missing

The Final 1003 is Missing Missing Final 1003

Uploading Final signed 1003

01/23/2026

The Final 1003 is Present; The Final 1003 is Missing Missing Final 1003

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE9780

Credit

Business Purpose Affidavit/Disclosure Missing

Business Purpose Affidavit/Disclosure Missing Missing business purpose affidavit

Uploading fully executed Business Purpose Loan Certification and Attestation

01/23/2026

Business Purpose Affidavit/Disclosure Provided; Business Purpose Affidavit/Disclosure Missing Missing business purpose affidavit

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements

Uploading VOM

01/23/2026

Housing History Meets Guideline Requirements

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE5116

Credit

Missing VOM or VOR

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing.

Please review the VOM.

01/23/2026

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE1157

Credit

Hazard Insurance Policy is Missing

Missing Hazard Insurance Policy Missing hazard insurance for subject property

Document Uploaded. Please review the hazard insurance policy.

01/23/2026

Hazard Insurance Policy is fully present; Missing Hazard Insurance Policy Missing hazard insurance for subject property

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE1206

Credit

All Interested Parties Not Checked with Exclusionary Lists

All Interested Parties Not Checked with Exclusionary Lists. Missing

Document Uploaded.

01/23/2026

All Interested Parties Checked against Exclusionary Lists; All Interested Parties Not Checked with Exclusionary Lists. Missing

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE1205

Credit

OFAC Check Not Completed and/or Cleared

OFAC Check Not Completed and/or Cleared Missing

Uploading DV report with OFAC clearance

01/23/2026

OFAC Check Completed and Cleared; OFAC Check Not Completed and/or Cleared Missing

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000376

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/23/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report Missing Fraud Report

Document Uploaded. Please review the fraud report.

01/23/2026

Third Party Fraud Report is provided; Missing Third Party Fraud Report Missing Fraud Report

01/26/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000342

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/21/2026

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing Missing VVOE within 10days of XXX

Uploading the SOI for XXX XXX, Inc.; Borrower is XXX. As such, XXX does not require third-party verification for the borrower’s S/E business

01/26/2026

Borrower 1 3rd Party VOE Prior to Close Was Provided; Per GL section IX. - A copy of the business license, Article of Incorporation, Op Agreement or Tax Preparer's Letter is required. Please provide one for entity being used for bank Statement income (XXX XXX Inc).

01/27/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000342

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/22/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000360

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000360

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000711

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements XXX business #XXX in name of XXX is source of funds wired to closing. Provide an updated loan application section XXX: list assets.

Document Uploaded. Uploading updated 1003

02/19/2026

Asset Qualification Meets Guideline Requirements

02/20/2026

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000711

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE1204

Credit

Fraud Report Shows Uncleared Alerts

Fraud Report Shows Uncleared Alerts Borrower SSN has been used in death benefits claim, SSN issued before date of birth. Lender to clear (ITIN Number)

Document Uploaded. Uploading ITIN letter. This is an ITIN loan and not an actual SS#, death benefits claim is moot because ITIN does not have that option and we have a copy of the ITIN letter

02/19/2026

All Fraud Report Alerts have been cleared or None Exist

02/20/2026

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000711

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/18/2026

Resolved

FCRE1205

Credit

OFAC Check Not Completed and/or Cleared

OFAC Check Not Completed and/or Cleared Participant name on CSC watchlist. Lender to clear.

OFAC Check Completed and Cleared

02/20/2026

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000711

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/18/2026

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 70% exceeds Guideline CLTV of 65% The maximum CLTV/LTV for an ITIN with XXX FICO is XXX% Lender exception in the file. Comp factors : DSCR XX/XX/XXXX or greater and no IPC

Lender exception with comp factors: DSCR XX/XX/XXXX or greater and no IPC

02/19/2026

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000711

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/18/2026

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 70% exceeds Guideline LTV of 65% The maximum CLTV/LTV for an ITIN with XXX FICO is XXX% Lender exception in the file. Comp factors : DSCR XX/XX/XXXX or greater and no IPC

Lender exception with comp factors: DSCR XX/XX/XXXX or greater and no IPC

02/19/2026

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000711

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/18/2026

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 70% exceeds Guideline HCLTV of 65% The maximum CLTV/LTV for an ITIN with XXX FICO is XXX% Lender exception in the file. Comp factors : DSCR XX/XX/XXXX or greater and no IPC

Lender exception with comp factors: DSCR XX/XX/XXXX or greater and no IPC

02/19/2026

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000711

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/19/2026

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000401

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FCRE2335

Credit

DSCR is less than guideline minimum

Qualifying DSCR of XXX is less than guideline minimum requirement of XXX The Lender qualified the borrower using an IO payment $XXX. The Note does not provide terms for IO. Audit used the PI payment per terms on the Note resulting in DSCR <XXX.

Document Uploaded. Please review the resigned Note.

03/30/2026

Qualifying DSCR meets Guidelines; ; Qualifying DSCR of XXX is less than guideline minimum requirement of XXX The Lender qualified the borrower using an IO payment $XXX. The Note does not provide terms for IO. Audit used the PI payment per terms on the Note resulting in DSCR <XXX.

03/31/2026

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000401

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FCRE1197

Credit

Audited FICO is less than Guideline FICO

Audited FICO of is less than Guideline FICO of XXX The Lender Approval reflects DSCR XXX Year Fixed IO which requires a XXX FICO.

Document Uploaded. Please review the resigned Note.

03/30/2026

Audited FICO of is greater than or equal to Guideline FICO of XXX; ; Audited FICO of is less than Guideline FICO of XXX The Lender Approval reflects DSCR XXX Year Fixed IO which requires a XXX FICO.

03/31/2026

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000401

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/03/2026

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000401

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/02/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/03/2026

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000371

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Acknowledged

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements The XXX month pay history from XXX is provided; however, waived escrows require proof of XXX. Provide Pay history from XXX/XXX-XXX/XXX pay history with XXX.

Uploading updated ULAW with comp factors

02/10/2026

Lender exception approval provided - Ok per XX for XXX DSCR. XXX/XXX/XXX: Ok per XXXX to waive escrows with loan amount of XXX and without pay history for XX/XX/XXXX/XXX. Comp factors XXX FICO, 59.83% LTV, no negative credit whatsoever, subject C2 condition with kitchen and bathrooms remodeled <XXX yrs ago.; Housing History Does Not Meet Guideline Requirements The XXX month pay history from XXX is provided; however, waived escrows require proof of XXX. Provide Pay history from XXX/XXX-XXX/XXX pay history with XXX.

02/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.83% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.83% is less than Guideline CLTV of 70%

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000371

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Acknowledged

FCRE1199

Credit

Audited Loan Amount is greater than Guideline Maximum Loan Amount

Audited Loan Amount of XXX is greater than the Guideline Maximum Loan Amount of XXX The maximum loan amount for escrows waived is XXX

Uploading updated ULAW with comp factors

02/10/2026

Lender exception approval provided - Ok per XXX for XXX DSCR. XXX/XXX/XXX: Ok per XXX to waive escrows with loan amount of XXX and without pay history for XX/XX/XXXX/XXX. Comp factors XXX FICO, 59.83% LTV, no negative credit whatsoever, subject C2 condition with kitchen and bathrooms remodeled <XXX yrs ago.; Audited Loan Amount of XXX is greater than the Guideline Maximum Loan Amount of XXX The maximum loan amount for escrows waived is XXX

02/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.83% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.83% is less than Guideline CLTV of 70%

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000371

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Acknowledged

FCRE2335

Credit

DSCR is less than guideline minimum

Qualifying DSCR of XXX is less than guideline minimum requirement of XXX Rate Term XXX of a condotel requires minimum DSCR of XXX Lender exception in the file. Provide XXX compensating factors.

Document Uploaded. Uploading updated ULAW with comp factors

02/10/2026

Lender exception approval provided - Ok per XX for XXX DSCR. XXX/XXX/XXX: Ok per XXX to waive escrows with loan amount of XXX and without pay history for XX/XX/XXXX/XXX. Comp factors XXX FICO, 59.83% LTV, no negative credit whatsoever, subject C2 condition with kitchen and bathrooms remodeled <XXX yrs ago.; Qualifying DSCR of XXX is less than guideline minimum requirement of XXX Rate Term XXX of a condotel requires minimum DSCR of XXX Lender exception in the file. Provide XXX compensating factors.

02/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.83% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.83% is less than Guideline CLTV of 70%

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000371

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 59.83% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.83% is less than Guideline CLTV of 70%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000712

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/27/2026

Resolved

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The credit report reflects XXX Mtg #XXX and XXX #XXX. Provide update to loan application; which property is secured by the liens.

Per upper management, XXX no longer requires attaching mortgages that are not primary or subject

04/01/2026

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.

04/02/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000712

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/27/2026

Resolved

FCRE5123

Credit

Missing Business Entity Formation Document

Provide the EIN for the Entity.

Document Uploaded. Uploading EIN

03/30/2026

Lender provided EIN and formation docs for subject property's business entity.

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000712

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/27/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue Provide Final Title or Title supplement to show previous mortgage to XXX & XXX XXXXXX removed.

Document Uploaded. Uploading Title Supplement

03/30/2026

Property Title Issue Resolved

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000712

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/27/2026

Resolved

FCRE1204

Credit

Fraud Report Shows Uncleared Alerts

Fraud Report Shows Uncleared Alerts Participant name on HUD Watchlist. Lender to clear.

Document Uploaded. Uploading QC clearance

03/30/2026

All Fraud Report Alerts have been cleared or None Exist

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000712

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/27/2026

Resolved

FCRE3500

Credit

Borrower residency documentation not provided or issue with documentation

Provide the social security card or SSA-XXX results

Document Uploaded. Uploading SS card

03/30/2026

Lender provided copy of borrower SS card.

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000712

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/27/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000399

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines The subject is a condotel used for short term rental. Provide XXX month ledger from management company, XXX, XXX and short term market rent. GL XX/XX/XXXX

Subject is recently remodeled and in C2 condition, so it was not rented out during that time. The listing on XXX is all that they have and XXX Lending is agreeable to accept it along with the STRpro for a new-to-market condo listing survey.

02/06/2026

Income and Employment Meet Guidelines; Income and Employment Do Not Meet Guidelines The subject is a condotel used for short term rental. Provide XXX month ledger from management company, XXX, XXX and short term market rent. GL XX/XX/XXXX

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

B

C

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000399

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCRE1170

Credit

Flood Insurance Expiration Date is before the Disbursement Date

Flood Insurance Expiration Date of XX/XX/XXXX is prior to the Disbursement Date of XX/XX/XXXX Provide proof of active Flood Insurance

Flood insurance acceptable since docs signed on XX/XX/XXXX before the flood coverage expiration date of XXX/XXX/XXX. XXX accepts Closing date as cut-off date for insurance/flood coverages.

02/06/2026

Flood Insurance Expiration Date of XX/XX/XXXX is equal to or after the Disbursement Date of XX/XX/XXXX Or Flood Insurance Expiration Date Is Not Provided; Flood Insurance Expiration Date of XX/XX/XXXX is prior to the Disbursement Date of XX/XX/XXXX Provide proof of active Flood Insurance

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

B

C

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000399

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 75% exceeds Guideline LTV of 70% The maximum CLTV/LRV for XXX of Condotel is XXX% Lender exception to allow XXX% Provide XXX compensating factors

Document Uploaded. Uploading updated ULAW with comp factors.

02/06/2026

Updated lender exception approval with comp factors provided - XX/XX/XXXX CT RE: 75% LTV rate/term refi, condotel, XXX% @ XXX with XXX LPC, DSCR XXX+, 5x5 PPP, Escrows required. Comp factors, XXX FICO, positive DSCR, subject is recently remodeled and in C2 condition.; Audited LTV of 75% exceeds Guideline LTV of 70%;

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

B

C

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000399

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 75% exceeds Guideline HCLTV of 70% The maximum CLTV/LRV for XXX of Condotel is XXX% Lender exception to allow XXX% Provide XXX compensating factors

Uploading updated ULAW with comp factors.

02/06/2026

Updated lender exception approval with comp factors provided - XX/XX/XXXX CT RE: 75% LTV rate/term refi, condotel, XXX% @ XXX with XXX LPC, DSCR XXX+, 5x5 PPP, Escrows required. Comp factors, XXX FICO, positive DSCR, subject is recently remodeled and in C2 condition.;

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

B

C

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000399

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 75% exceeds Guideline CLTV of 70% The maximum CLTV/LRV for XXX of Condotel is XXX% Lender exception to allow XXX% Provide XXX compensating factors

Uploading updated ULAW with comp factors.; Uploading updated ULAW with comp factors.; Document Uploaded. Uploading updated ULAW with comp factors.

02/06/2026

Updated lender exception approval with comp factors provided - XX/XX/XXXX CT RE: 75% LTV rate/term refi, condotel, XXX% @ XXX with XXX LPC, DSCR XXX+, 5x5 PPP, Escrows required. Comp factors, XXX FICO, positive DSCR, subject is recently remodeled and in C2 condition.;

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

B

C

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000399

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCRE3978

Credit

Missing Letter of Explanation (Credit)

Provide the subject's most recent HOA invoice.

Document Uploaded. Uploading XXX that shows XXX as the current HOA dues.

02/06/2026

HOA document provided.

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

B

D

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000399

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000399

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000411

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Acknowledged

FCRE8201

Credit

Loan does not conform to program guidelines

Lender Approved Exception XX/XX/XXXX CT RE: 75% LTV rate/term refi, condotel, XXX% @ XXX with XXX LPC, DSCR XXX+, 5x5 PPP, Escrows Required.

Lender exception provided with comp factors: DSCR XXX+, 5x5 PPP, Escrows Required

02/06/2026

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000411

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Acknowledged

FCRE1148

Credit

Title Coverage is Less than Subject Lien

Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Missing title with coverage amount to cover loan amount.

Acknowledged as 2/B grading per client request.; Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Missing title with coverage amount to cover loan amount.

02/06/2026

C

B

B

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000411

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/05/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/06/2026

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000411

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/06/2026

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000361

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 75% exceeds Guideline CLTV of 65% The maximum CLTV/LTV for properties listed for sale is XXX%

Uploading updated ULAW with comp factors

02/10/2026

Lender exception approval provided - XXX/XXX: updated exception approval to Rate/Term waiving Escrow.. XXX/XXX/XXX: Ok per XXX to waive impounds. XXX/XXX/XXX: Ok per XXX for missing bank Statement to prove reserves and for 75% LTV. Comp factors XXX FICO, positive DSCR, subject C3 condition with kitchen and bathrooms remodeled <XXX years ago, no negative credit whatsoever.; Audited CLTV of 75% exceeds Guideline CLTV of 65% The maximum CLTV/LTV for properties listed for sale is XXX%

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

C

B

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

BRAVO 2026-NQM5 1000361

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 75% exceeds Guideline HCLTV of 65% The maximum HLTV/LTV for properties listed for sale is XXX%

Uploading updated ULAW with comp factors

02/10/2026

Lender exception approval provided - XXX/XXX: updated exception approval to Rate/Term waiving Escrow.. XXX/XXX/XXX: Ok per XXX to waive impounds. XXX/XXX/XXX: OK per XXX for missing bank Statement to prove reserves and for 75% LTV. Comp factors XXX FICO, positive DSCR, subject C3 condition with kitchen and bathrooms remodeled <XXX years ago, no negative credit whatsoever.; Audited HLTV of 75% exceeds Guideline HCLTV of 65% The maximum HLTV/LTV for properties listed for sale is XXX%

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

C

B

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

BRAVO 2026-NQM5 1000361

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 75% exceeds Guideline LTV of 65% The maximum CLTV/LTV for properties listed for sale is XXX%

Uploading updated ULAW with comp factors

02/10/2026

Lender exception approval provided - XXX/XXX: updated exception approval to Rate/Term waiving Escrow.. XXX/XXX/XXX: Ok per XXX to waive impounds. XXX/XXX/XXX: OK per XX for missing bank Statement to prove reserves and for 75% LTV. Comp factors XXX FICO, positive DSCR, subject C3 condition with kitchen and bathrooms remodeled <XXX years ago, no negative credit whatsoever.; Audited LTV of 75% exceeds Guideline LTV of 65% The maximum CLTV/LTV for properties listed for sale is XXX%

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

C

B

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

BRAVO 2026-NQM5 1000361

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: The appraisal reflects the subject was listed for sale; listing cancelled XXX/XXX/XXX. The time measured from last date of being listed to XXX (XXX/XXX/XXX) is less than XXX months. Impounds are required.

Uploading updated ULAW with comp factors

02/10/2026

Lender exception approval provided - XXX/XXX: updated exception approval to Rate/Term waiving Escrow.. XXX/XXX/XXX: Ok per XXX to waive impounds. XXX/XXX/XXX: OK per XX for missing bank Statement to prove reserves and for 75% LTV. Comp factors XXX FICO, positive DSCR, subject C3 condition with kitchen and bathrooms remodeled <XXX years ago, no negative credit whatsoever.; Property/Appraisal guideline violation: The appraisal reflects the subject was listed for sale; listing cancelled XXX/XXX/XXX. The time measured from last date of being listed to XXX (XXX/XXX/XXX) is less than XXX months. Impounds are required.

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

C

B

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

BRAVO 2026-NQM5 1000361

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s) Properties listed for sale require XXX months reserves. Provide most recent bank Statement.

Uploading updated ULAW with comp factors

02/10/2026

Lender exception approval provided - XXX/XXX: updated exception approval to Rate/Term waiving Escrow.. XXX/XXX/XXX: Ok per XX to waive impounds. XXX/XXX/XXX: OK per XX for missing bank Statement to prove reserves and for 75% LTV. Comp factors XXX FICO, positive DSCR, subject C3 condition with kitchen and bathrooms remodeled <XXX years ago, no negative credit whatsoever.; Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s) Properties listed for sale require XXX months reserves. Provide most recent bank Statement.

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

C

B

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

BRAVO 2026-NQM5 1000361

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of $ are less than Guideline Required Reserves of $XXX. Properties listed for sale require XXX months reserves. Provide most recent bank Statement.

; Document Uploaded. Uploading updated ULAW with comp factors

02/10/2026

Lender exception approval provided - XXX/XXX: updated exception approval to Rate/Term waiving Escrow.. XXX/XXX/XXX: Ok per XXX to waive impounds. XXX/XXX/XXX: OK per XX for missing bank Statement to prove reserves and for 75% LTV. Comp factors XXX FICO, positive DSCR, subject C3 condition with kitchen and bathrooms remodeled <XXX years ago, no negative credit whatsoever.; Audited Reserves of $ are less than Guideline Required Reserves of $XXX. Properties listed for sale require XXX months reserves. Provide most recent bank Statement.

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

C

B

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

BRAVO 2026-NQM5 1000361

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

C

B

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

B

B

B

A

BRAVO 2026-NQM5 1000368

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The subject Lien is reported on the credit report through XXX/XXX. Provide proof of payments for XX/XX/XXXX - XXX/XXX.

Document Uploaded. The subject property is F&C. The lien on credit is for borrower’s primary residence. Uploading proof of payments for XX/XX/XXXX – XXX/XXX. The XXX-month payment history reflects XXX×XXX. With the December XXX proof of payment, the account is considered current for XXX days, so proof of the January XXX payment is not required

02/10/2026

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The subject Lien is reported on the credit report through XXX/XXX. Provide proof of payments for XX/XX/XXXX - XXX/XXX.

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000368

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000408

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Rescinded

FCRE8201

Credit

Loan does not conform to program guidelines

Lender Approved Exception to match XXX% at XXX with XXX LPC, No Ratio DSCR, LTR, XXX yr PPP, impounds, XXX months reserves, 75% LTV.

Rescinded as this is not a guideline violation; ; Lender exception: No Ratio DSCR, LTR, XXX yr PPP, impounds, XXX months reserves, 75% LTV

05/13/2026

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000408

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FCRE0377

Credit

The Total Hazard Coverage is LESS than the Required Coverage Amount

The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). Missing hazard insurance coverage to cover loan amount.

Document Uploaded. EOI uploaded; Updated Policy showing dwelling coverage of XXX uploaded

02/06/2026

The Total Hazard Coverage is greater than or equal to the Required Coverage Amount; No document attached. Please upload.; The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). Missing hazard insurance coverage to cover loan amount.

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000408

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000408

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000713

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements The subject mortgage with XXX #XXX is on the credit report; however, the months reviewed is blank. Provide credit report to reflect the mortgage payment history for the previous XXX months.

XXX #XXX was a transfer from XXX #XXX. See page XXX of initial package rated through XXX/XXX. See pages XX/XX/XXXX of initial package for XX/XX/XXXX – XX/XX/XXXX payments.

01/30/2026

Housing History Meets Guideline Requirements

02/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000713

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000713

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000356

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/19/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue The subject is vested in XXXXX XXXXXX and XXX XXXXXX. The contract lists XXX XXXXXX as Seller. Provide documentation showing XXX XXXXXX is sole vested owner.

Document Uploaded. Uploading death cert

03/03/2026

Property Title Issue Resolved; Client provided Certificate of Death for XXX XXXXX XXXXXX. LM Updated.

03/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000356

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/19/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements XXX #XXX reflects XXX deposit on XXX/XXX/XXX, the funds are required for reserves. A letter from the borrower States funds originated in XXX #XXX and were transferred to son's #XXX on XX/XX/XXXX prior to being deposited in #XXX. Provide the XXX #XXX and #XXX Statements to show the funds are seasoned XXX days. GL XX/XX/XXXX

Document Uploaded. Uploading XXX #XXX Statement showing funds were in account at start of Statement cycle, the #XXX account acted as a pass through and not the source of the funds so this particular Statement is not needed.

02/20/2026

Asset Qualification Meets Guideline Requirements

02/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000356

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/20/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000385

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000385

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000385

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000714

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCRE1479

Credit

Asset 1 Does Not Meet Guideline Requirements

Asset Record XXX Does Not Meet G/L Requirements. Missing most recent bank Statement for #XXX supporting current balance of $XXX. Only received XXX page account history print out.

The amount needed to close is less than $50K so the funds need only be shown on the 1003.

03/24/2026

Asset Record XXX Meets G/L Requirements; Confirmed per Guideline section XX/XX/XXXX - Over 70% LTV / CLTV for Business Purpose / DSCR loans where funds to close are over XXX

03/25/2026

D

B

C

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000714

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 75% exceeds Guideline HCLTV of 60% Per Matrix, Manufactured Home Max HCLTV: XXX% Refi R/T, Refi C/O. Only pricing exception on ULAW.

Document Uploaded. Uploading updated ULAW with comp factors.

03/24/2026

Lender exception approval provided - Ok per XXX for 75% LTV, comp factors, XXX DSCR, significant reserves after closing, borr has owned property since XXX

03/25/2026

D

B

C

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000714

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 75% exceeds Guideline CLTV of 60% Per Matrix, Manufactured Home Max CLTV: XXX% Refi R/T, Refi C/O. Only pricing exception on ULAW.

Document Uploaded. Uploading updated ULAW with comp factors.

03/24/2026

; Lender exception approval provided - Ok per XX for 75% LTV, comp factors, XXX DSCR, significant reserves after closing, borr has owned property since XXX.; Audited CLTV of 75% exceeds Guideline CLTV of 60%

03/25/2026

D

B

C

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000714

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 75% exceeds Guideline LTV of 60% Per Matrix, Manufactured Home Max LTV: XXX% Refi R/T, Refi C/O. Only pricing exception on ULAW.

Document Uploaded. Uploading updated ULAW with comp factors.

03/24/2026

Lender exception approval provided - Ok per XX for 75% LTV, comp factors, XXX DSCR, significant reserves after closing, borr has owned property since XXX.; Audited LTV of 75% exceeds Guideline LTV of 60%

03/25/2026

D

B

C

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000714

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCRE7496

Credit

Missing Verification of Subject Property Taxes, Insurance, HOA or Other Payments

Missing documentation to support HOA dues of XXX reflected on ULAW.

Document Uploaded. Uploading corrected ULAW to remove the erroneous HOA dues, adding this was an error.

03/24/2026

Lender provided updated ULAW removing the XXX HOA amount. No HOA fee applies.

03/25/2026

D

B

D

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000714

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/23/2026

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000714

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/23/2026

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000388

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000388

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000388

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.14% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.14% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000354

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/04/2026

Resolved

FCRE1202

Credit

Third Party Fraud Report Partially Provided

Third Party Fraud Report Partially Provided The file contains only pages XX/XX/XXXX of the fraud report. Lender to provide the complete fraud report.

Document Uploaded. Full DataVerify Fraud Report uploaded

02/04/2026

Third Party Fraud Report is fully present; Third Party Fraud Report Partially Provided The file contains only pages XX/XX/XXXX of the fraud report. Lender to provide the complete fraud report.

02/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000354

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/04/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000354

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/04/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000372

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements The front of a XXX check reflects the funds sent for closing on XXX/XXX/XXX. Provide proof the funds cleared with back of cancelled check or bank printout showing funds withdrawn.

Per Sec XXX business purpose loans at 70% LTV and below, the closing funds need only be listed on the 1003.

02/09/2026

Asset Qualification Meets Guideline Requirements; Asset Qualification Does Not Meet Guideline Requirements The front of a XXX check reflects the funds sent for closing on XXX/XXX/XXX. Provide proof the funds cleared with back of cancelled check or bank printout showing funds withdrawn.

02/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000372

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000715

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/12/2026

Resolved

FVAL3825

Property

FEMA Declared Disaster Dated Prior to the XXX, After Appraisal Date

Property located in FEMA Declared Disaster Area with no subsequent property Inspection. Missing PDI for XXX XXX XXX (FM-XXX-XXX) declared on XXX/XXX/XXX.

Document Uploaded. Please review the PDI.

03/19/2026

Property Inspection Provided.

03/20/2026

D

A

C

A

A

A

D

A

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000715

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/12/2026

Resolved

FPRO0383

Property

FEMA Post Disaster Inspection Report not Provided

The subject property is a FEMA disaster case; however, the inspection report was not provided. Missing PDI for XXX XXX XXX (FM-XXX-TX) declared on XXX/XXX/XXX.

Please review the PDI in the other finding.

03/19/2026

FEMA Post Disaster Inspection report was provided.

03/20/2026

D

A

D

A

A

A

D

A

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000715

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/12/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational Only

03/13/2026

D

A

A

A

A

A

D

A

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000393

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements The borrowers rent XXX  for XXX per month. Provide one of the following; XXX months canceled checks (front and back), VOR, or bank Statements for the last XXX months which consistently show payment made for rent amount.

Document Uploaded. Uploading VOR

01/30/2026

Housing History Meets Guideline Requirements

02/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.52% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 41.52% is less than Guideline LTV of 75%

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000393

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue The estimated settlement Statement is in the file. Provide the final certified settlement Statement.

Document Uploaded. Uploading final settlement Statement. Hawaii does not have a statutory requirement that final settlement Statements be signed by the borrower or certified by the closing agent.

01/30/2026

Property Title Issue Resolved

02/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.52% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 41.52% is less than Guideline LTV of 75%

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000393

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FCRE1146

Credit

Title Document is Partially Present

Title Document is incomplete or only partially present. Provide the full Title Report with XXX month chain of title.

Document Uploaded. Uploading full Title Report with XXX-month chain

01/30/2026

Title Document is fully Present.; Title Document is incomplete or only partially present. Provide the full Title Report with XXX month chain of title.

02/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.52% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 41.52% is less than Guideline LTV of 75%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000393

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/29/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.52% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 41.52% is less than Guideline LTV of 75%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000393

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.52% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 41.52% is less than Guideline LTV of 75%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000386

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue The subject is vested in XXX. Borrower is required to be on title minimum of XXX days. Provide the entity documents to reflect the borrower is a member of the entity.

Document Uploaded. Uploading Certificate of Organization

02/09/2026

Property Title Issue Resolved; Property Title Issue Resolved; Property Title Issue The subject is vested in XXX. Borrower is required to be on title minimum of XXX days. Provide the entity documents to reflect the borrower is a member of the entity.

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000386

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) Properties listed for sale require XXX month reserves. A Lender exception is in the file. Provide XXX compensating factors. Note: Subject being rented is not a comp factor it is a requirement.

Uploading updated ULAW with comp factors

02/09/2026

Lender exception with comp factors provided - Ok per XXX. for <XXX months reserves. Comp factors XXX FICO, 60% LTV, XXX DSCR.; Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) Properties listed for sale require XXX month reserves. A Lender exception is in the file. Provide XXX compensating factors. Note: Subject being rented is not a comp factor it is a requirement.

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000386

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Acknowledged

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Properties listed for sale require XXX month reserves. A Lender exception is in the file. Provide XXX compensating factors. Note: Subject being rented is not a comp factor it is a requirement.

Document Uploaded. Uploading updated ULAW with comp factors

02/09/2026

Lender exception with comp factors provided - Ok per XXX. for <XXX months reserves. Comp factors XXX FICO, 60% LTV, XXX DSCR.; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Properties listed for sale require XXX month reserves. A Lender exception is in the file. Provide XXX compensating factors. Note: Subject being rented is not a comp factor it is a requirement.

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000386

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/09/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000716

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FPRO1500

Property

HOA Questionnaire is Missing

HOA Questionnaire Missing Provide the HOA questionnaire with XXX addendum (page XXX) completed.

UW’s have authority to accept an incomplete XXX Addendum as long as all questions are addressed through supporting documents. In this case, the uploaded HOA certification package addressed all questions, even though page two of the addendum itself was incomplete.

04/07/2026

HOA Questionnaire Provided

04/08/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

A

A

D

A

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000716

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: The appraisal reflects the subject was converted from a rental to a condominium in XXX The occupancy requirement is XXX% of the units to be owner occupied; however, less than XXX% are owner occupied. The subject is XXX due to occupancy. A XXX condominium is ineligible for XXX BP DSCR loan.

Document Uploaded. Uploading HOA cert. package which shows XXX units as owner occupied or second homes, meeting the XXX% requirement. It also confirms the project is not a conversion. XXX relies on the HOA certification for HOA details, as it supersedes the appraisal.

04/07/2026

Property/Appraisal Meets Guidelines

04/08/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

A

A

D

A

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000716

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

A

A

D

A

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000716

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

A

A

D

A

A

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000377

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/11/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue The Title reflects subject vested in XXX. There is a Quit Claim deed shows the subject was granted to XXX. XXX/XXX/XXX. Provide the Final Title to reflect vested in XXX.

Document Uploaded. Uploading Quitclaim Deed showing vesting transfer

02/11/2026

Property Title Issue Resolved

02/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000377

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/11/2026

Acknowledged

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements The Data Verify REO reflects primary residence has a mortgage with XXX XXX recorded XXX/XXX/XXX. Provide most recent XXX months pay history.

Document Uploaded. Uploading updated ULAW with comp factors

02/12/2026

Lender exception approval provided - Ok per XXX for missing primary res most recent XXX-month history. Comp factors XXX FICO, XXX DSCR, 56.61% LTV, significant reserves with cash out.

02/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000377

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/11/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000394

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FCRE1248

Credit

Purchase is not considered to be an Arm's Length Transaction

Purchase is not considered to be an Arm's Length Transaction The borrower is the Buyer Broker per contract with XXX. The commission paid is XXX% ($XXX).

The buyer is acting as their own broker and they can earn a commission in the course of their duties. This is not considered an NALT because the borrower is not XXXd with the seller nor with the mortgage broker.

02/02/2026

Purchase is considered to be an Arm's Length Transaction, or XXX; Purchase is not considered to be an Arm's Length Transaction The borrower is the Buyer Broker per contract with XXX. The commission paid is XXX% ($XXX).

02/04/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000394

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/02/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000394

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/30/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/02/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000373

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/11/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000373

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/11/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000717

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements. The XXX EMD receipt dated XX/XX/XXXX is in the file. Provide the copy of the wire or bank Statement reflecting funds withdrawn from borrower's account.

Document Uploaded. Uploading bank Statement that has the wire being sent out.

04/09/2026

Asset Qualification Meets Guideline Requirements.

04/10/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000717

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: The appraisal reflects the HOA fee is XXX per month and the HOA Cert reflects the monthly fee is $XXX. Provide supplement to appraisal to verify the amount of the HOA fee.

The HOA is the authority when it comes to HOA dues so that figure is being used. XXX Lending will not require an appraisal update based on HOA info. Often times the appraiser is given old HOA info and the HOA cert will be different but more recent and accurate.

04/09/2026

Property/Appraisal Meets Guidelines

04/10/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57% is less than Guideline LTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000718

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCRE1205

Credit

OFAC Check Not Completed and/or Cleared

OFAC Check Not Completed and/or Cleared Participant name is on the OFAC watchlist Lender to clear.

Document Uploaded. Uploading comment from QC clearing the alert

03/30/2026

OFAC Check Completed and Cleared

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000718

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The loan application reflects mortgages with XXX #XXX and #XXX for XXX XXX and XXX XXX #XXX. Provide the mortgage Statements to verify PITI, and document the HOA fee for XXX XXX #XXX.

Document Uploaded. Uploading PITIA docs

03/30/2026

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000718

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000718

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000719

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/01/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000719

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/01/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000719

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/01/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000400

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FCRE1158

Credit

Hazard Insurance Policy is Partial

Hazard Insurance Policy Partially Provided The settlement Statement reflects impound collected for $XXX. Provide the documents showing what the amount represents.

Document Uploaded. Uploading HOI for the ADU. Premium is $XXX/yr which is XXX per month.

02/04/2026

Hazard Insurance Policy is fully present; Hazard Insurance Policy Partially Provided The settlement Statement reflects impound collected for $XXX. Provide the documents showing what the amount represents. ; Hazard Insurance Policy Partially Provided The settlement Statement reflects impound collected for $XXX. Provide the documents showing what the amount represents.

02/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000400

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000400

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

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A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000720

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

BRAVO 2026-NQM5 1000720

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/19/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/19/2026

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

BRAVO 2026-NQM5 1000721

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/09/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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A

A

A

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A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000721

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000722

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/19/2026

Resolved

FCRE0382

Credit

Assets do not meet guideline requirements

When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. The borrower is short funds to close of $XXX. Lender to provide the most recent asset Statement to verify an additional $XXX.

Per Sec XXX business purpose loans at 70% LTV and below, the closing funds need only be listed on the 1003.

03/20/2026

Funds are found to meet guidelines.

03/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000722

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000724

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

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A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000724

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000725

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/20/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

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A

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A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000725

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/20/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000725

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/20/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

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A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000726

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Resolved

FCRE5809

Credit

Missing evidence of self employment

Missing current business license/search for XXX XXXXX dba XXXverifying company is currently active. Not noted on CPA letter.

The bank Statements showing income being deposited is the proof XXX utilizes to show it is still a viable business.

03/20/2026

Lender confirmed - The bank Statements showing income being deposited is the proof XXX utilizes to show it is still a viable business.

03/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.05% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.05% is less than Guideline CLTV of 80%

D

B

D

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000726

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Acknowledged

FCRE5116

Credit

Missing VOM or VOR

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing verification of XX/XX/XXXX mortgage payment to XXX for O/O property at XXX XXX, XXX, XXX XXX supporting XXX. Received XX/XX/XXXX thru XX/XX/XXXX - missing for XX/XX/XXXX and received XX/XX/XXXX and XX/XX/XXXX twice.

Document Uploaded. Uploading updated ULAW with comp factors.

03/20/2026

Lender exception approval provided - Ok per XXX to accept housing rating as-is, comp factors, XXX FICO, 59% LTV, borr S/E for XXX years, XXX% DTI.

03/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.05% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.05% is less than Guideline CLTV of 80%

D

B

D

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000726

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/20/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.05% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.05% is less than Guideline CLTV of 80%

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000726

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/20/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 59.05% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 59.05% is less than Guideline CLTV of 80%

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000727

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FCRE1204

Credit

Fraud Report Shows Uncleared Alerts

Fraud Report Shows Uncleared Alerts Missing verification that XX/XX/XXXX Foreclosure on XXX , XXX, NV reflected on Fraud report is not for B1.

Document Uploaded. Uploading XXX showing borrower does not own property

04/01/2026

All Fraud Report Alerts have been cleared or None Exist

04/02/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000727

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FCRE7805

Credit

Missing Income - Bank Statements

Missing XX/XX/XXXX rental income to complete/support required XXX months receipt of actual rent to use higher monthly rental income for DSCR ratio calculation. Received bank Statements/printout supporting XX/XX/XXXX deposit and XX/XX/XXXX deposit for $XXX. Documentation to support the income prior to XX/XX/XXXX was not provided.

; Document Uploaded. Uploading Jan Statement showing deposit of XXX on XX/XX/XXXX which includes the security deposit

04/01/2026

Lender provided Jan Statement showing deposit of XXX on XX/XX/XXXX which includes the security deposit

04/02/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000727

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000728

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 60% exceeds Guideline CLTV of 55% The maximum CLTV/LTV for an ITIN with XXX fico in a declining market is XXX%

Apologies for the confusion. The LTV reductions are not cumulative, and all reductions are taken from the main LTV overlay and not from the individual limitations posted ; Loan closed within guidelines. Uploading program summary from XX/XX/XXXX showing at time loan was approved allowed for 65% LTV/CLTV/HCLTV for ITIN minus XXX% for declining market.

03/25/2026

Audited CLTV of 60% is less than or equal to Guideline CLTV of 60%; The attached program summary confirms that XXX% Max LTV for XXX-R/T & cash-out). And Declining Market: -5% CLTV property/borrower full profile, resulting in a Max LTV of 55%. Please Advise.

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000728

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 60% exceeds Guideline HCLTV of 55% The maximum HCLTV for an ITIN XXX with XXX fico in declining market is XXX%

; Apologies for the confusion. The LTV reductions are not cumulative, and all reductions are taken from the main LTV overlay and not from the individual limitations posted ; Loan closed within guidelines. Uploading program summary from XX/XX/XXXX showing at time loan was approved allowed for 65% LTV/CLTV/HCLTV for ITIN minus XXX% for declining market.

03/25/2026

Audited HLTV of 60% is less than or equal to Guideline HCLTV of 60%; The attached program summary confirms that XXX% Max LTV for XXX-R/T & cash-out). And Declining Market: -5% CLTV property/borrower full profile, resulting in a Max LTV of 55%. Please Advise.

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000728

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 60% exceeds Guideline LTV of 55% The maximum LTV for an ITIN XXX with 696Fico in a declining market is XXXThe mi

Apologies for the confusion. The LTV reductions are not cumulative, and all reductions are taken from the main LTV overlay and not from the individual limitations posted ; Document Uploaded. Loan closed within guidelines. Uploading program summary from XX/XX/XXXX showing at time loan was approved allowed for 65% LTV/CLTV/HCLTV for ITIN minus XXX% for declining market.

03/25/2026

Audited LTV of 60% is less than or equal to Guideline LTV of 60%; The attached program summary confirms that XXX% Max LTV for XXX-R/T & cash-out). And Declining Market: -5% CLTV property/borrower full profile, resulting in a Max LTV of 55%. Please Advise.

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000728

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Acknowledged

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements The gift letters reflects a XXX and XXX gift. The wire for XXX gift is in the file; however, the second wire reflects XXX received. Provide gift letter to reflect XXX

Document Uploaded. Uploading updated ULAW with comp factors

03/24/2026

Lender exception approval provided - XX/XX/XXXX - Exception allowing XXX gift funds; gift funds are only permitted on purchase money per XX/XX/XXXX of guide.. OK per XX for missing revised gift letter. Comp factors 60% LTV, XXX FICO, XXX% DSCR, subject C2 condition and very recently fully renovated.

03/25/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000728

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The subject Mortgage with XXX reflects monthly payments of XXX starting XXX/XXX. Bank Statements for XXX/XXX-XXX/XXX are in the file. Provide proof of payments for XXX/XXX-XXX/XXX.

Document Uploaded. Uploading LOE and Final HUD showing XXX months of interest was collected in advance through closing

03/24/2026

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.

03/25/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000728

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Acknowledged

FCRE1200

Credit

Audited Loan Amount is less than Guideline Minimum Loan Amount

Audited Loan Amount of XXX is less than the Guideline Minimum Loan Amount of XXX The minimum loan amount is XXX A Lender exception is in the file.

Compensating factors low LTV and DSCR XXX

03/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000728

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000728

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/23/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000729

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000729

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000730

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/13/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational Only

03/16/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000730

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/13/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational Only

03/16/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000731

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Resolved

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The borrower owned investment properties are listed in the file. Provide property reports or mortgage Statements for; XXX XXX, XXX XXX, and XXX XXX., to establish there is not foreclosure action.

XXX does not go back into the FG report and make adjustments. That may be a practice for Fan/Fred but XXX Lending has it’s own guidelines and practices that do not include going back in and making changes. Please escalate to a supervisor if unable to clear, as this is not a practice that XXX Lending requires.; This is the report of record, and the absence of any reported REOs indicates that no such activity was found. This is sufficient for XXX and further supports the conclusion that there is no foreclosure activity.; Document Uploaded. Uploading DV report which is our report of record and no FC activities are noted on any of these properties

04/13/2026

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.; Per the Processor Certification on page XXX of the loan file, there are XXX of XXX REO's that are not reflected anywhere on the Fraud Report, which is related to a High Alert. The majority of the loans are with XXX. This needs to be addressed on the Fraud Report. Please provide an updated Fraud Report to include All XXX REOs.; The REO properties are not listed on the attached Fraud Report. Please provide an updated Fraud Report or property reports or mortgage Statements for; XXX XXX, XXX XXX, and XXX XXX., to establish there is not foreclosure action.

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000731

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000732

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/23/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000732

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/20/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/23/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000733

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/25/2026

Resolved

FCRE3500

Credit

Borrower residency documentation not provided or issue with documentation

Provide a copy of the social security card or SSA-XXX results.

Document Uploaded. Uploading SSa-XXX results.

02/26/2026

Lender provided SSA XXX results for borrower.

02/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000733

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/25/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational Only

02/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000734

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The loan application reflects investment property at XXX XXX. Provide a public record search (XXX or similar product) to establish there is not foreclosure action.

Document Uploaded. Uploading the DV report, our official report of record; it reflects no foreclosure activity for the REO in question

04/01/2026

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.; REO XXX XXX listed in the Borrower REO Schedule section of the Fraud Report is acceptable to the lender.

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000734

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000735

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/16/2026

Resolved

FCRE1481

Credit

Asset 3 Does Not Meet Guideline Requirements

Asset Record XXX Does Not Meet G/L Requirements Missing page XXX for XXX #XXX bank Statement. Received page XXX of XXX only.

Document Uploaded. Uploading both pages of Statement

03/17/2026

Asset Record XXX Meets G/L Requirements Or XXX

03/18/2026

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000735

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational Only

03/17/2026

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000735

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/17/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational Only

03/17/2026

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000736

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/24/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000736

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/24/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000736

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/24/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000737

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FPRO1136

Property

Subject property appraisal is not on an as-is basis (Primary Value)

Primary Value Subject Property Appraisal is not on an As-Is Basis The appraisal was completed subject to completion of electric switches/outlets and installation of working stove in unit #XXX. Photos of the stove are in the file. Provide proof of completion of electric including switches and outlets.

Document Uploaded. Uploading XXX

04/10/2026

Primary Value Subject Property Appraisal is completed on an As-Is Basis or XXX

04/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000737

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Acknowledged

FCRE1492

Credit

Cash Out Does Not Meet Guideline Requirements

Cash Out Does Not Meet Guideline Requirements A cash out XXX with 70% LTV is limited to XXX The borrower received XXX cash out.

Document Uploaded. Uploading updated ULAW with comp factors.

04/02/2026

Lender exception approval provided - Ok per XXX to allow C/O over $XXX, comp factors, XXX FICO, XX/XX/XXXX DSCR, significant reserves after closing.

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000737

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements The loan application reflects the borrower owns XXX-XXX XXX as the primary residence with no mortgage. The property report reflects the borrower has no ownership interest. Provide loan application to reflect the borrowers primary residence and proof of XXX months pay history (waived impounds)

Document Uploaded. Uploading XXX Register doc showing borrower owning primary, XXX may have been pulling for a different unit in the same building.; Document Uploaded. Uploading proof of December XXX to February XXX payments being made and the credit report goes back to the loan’s inception in XXX/XXX. XXX Lending considers the XXX-month requirement met on this timeline.

04/02/2026

Housing History Meets Guideline Requirements

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000737

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. XXX The credit report reflects XXX mortgages #XXX reported through XXX/XXX he Note is dated XX/XX/XXXX and mortgage rating must be within XXX days. Provide proof the XX/XX/XXXX payment was made. XXX The payments from XXX/XXX-XXX/XXX with XXX#XXX for the subject mortgage are in the file. Impounds waived requires XXX months mortgage history. Provide proof of payments from XXX/XXX-XXX/XXX.

Document Uploaded. Uploading proof of December XXX to February XXX payments being made and the credit report goes back to the loan’s inception in XXX/XXX. XXX Lending considers the XXX-month requirement met on this timeline.

04/02/2026

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

B

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000737

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/01/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000738

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/02/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational Only

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000738

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/02/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational Only

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000738

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/02/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational Only

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000739

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/13/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational Only

03/16/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.45% is less than Guideline LTV of 60% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.45% is less than Guideline CLTV of 60% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000739

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/13/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational Only

03/16/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.45% is less than Guideline LTV of 60% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.45% is less than Guideline CLTV of 60% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000740

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/23/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000740

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/23/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000740

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/23/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000741

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Rescinded

FCRE3500

Credit

Borrower residency documentation not provided or issue with documentation

Provide the borrower's Social Security card or SSA-XXX results.

Document Uploaded. Uploading SSA-XXX results

04/09/2026

Sufficient documentation to support the finding was provided in the original image. Rescinding this finding. ; Lender provided SSA-XXX results = Pass.

04/17/2026

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000741

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Rescinded

FCRE1254

Credit

Property Title Issue

Property Title Issue The settlement Statement reflects credit for each units security deposit. Provide the leases showing transfer to the borrower.

It is unclear why TPR is requesting this documentation, as lease agreements are not a requirement for this program. Please provide the guideline being referenced for this finding, or consider waiving the finding as it does not align with program requirements.

04/09/2026

Not required for DSCR loan.

04/10/2026

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000741

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Acknowledged

FCRE1441

Credit

Delinquent Credit History Does Not Meet Guideline Requirements

Delinquent Credit History Does Not Meet Guideline Requirements The credit report reflects a collection with XXX #XXX from XX/XX/XXXX for XXX Provide proof the collection was paid or proof of a payment plan with XXX showing proof of XXX months payments. GL's XX/XX/XXXX

Document Uploaded. Uploading updated ULAW with comp factors

04/09/2026

Lender exception approval provided - XXX G: Approved exception XXX%@XXX. Ok per XXX to not pay off collection and for short XXX in required reserves. Comp factors XXX DSCR, perfect mortgage history, 75% LTV.

04/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000741

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Acknowledged

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) A Lender pricing exception requires XXX months reserves. Provide XXX month Bank Statement to reflect required reserves.

Borrower has XXX left for reserves. Shortage is $XXX. Uploading updated ULAW with comp factors

04/09/2026

Lender exception approval provided - XXX: Approved exception XXX%@XXX. Ok per XXX to not pay off collection and for short XXX in required reserves. Comp factors XXX DSCR, perfect mortgage history, 75% LTV.

04/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000741

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Acknowledged

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. A Lender pricing exception requires XXX months reserves. Provide XXX month Bank Statement to reflect required reserves.

Document Uploaded. Borrower has XXX left for reserves. Shortage is $XXX. Uploading updated ULAW with comp factors

04/09/2026

Lender exception approval provided - XXX: Approved exception XXX%@XXX. Ok per XXX to not pay off collection and for short XXX in required reserves. Comp factors XXX DSCR, perfect mortgage history, 75% LTV.

04/10/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000741

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/09/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000742

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/16/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational Only

03/17/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000742

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/16/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational Only

03/17/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000742

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/17/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational Only

03/17/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000743

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000743

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000743

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000744

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/27/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000744

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/27/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000744

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/26/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/27/2026

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000745

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FPRO0383

Property

FEMA Post Disaster Inspection Report not Provided

The subject property is a FEMA disaster case; however, the inspection report was not provided. Missing PDI for XXX XXX (FM-XXX-TX) declared on XXX/XXX/XXX. Appraisal dated XXX/XXX/XXX.

Document Uploaded. Please review the PDI.

04/13/2026

FEMA Post Disaster Inspection report was provided.

04/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000745

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000745

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000746

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Missing hazard insurance for XXX , XXX, XXX supporting XXX per month.

Document Uploaded. Uploading updated 1003, property is owned F&C and holds no insurance.

04/02/2026

Per lender - Document Uploaded. Uploading updated 1003, property is owned F&C and holds no insurance.

04/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.75% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000746

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE1469

Credit

Asset 3 Missing

Asset 3 Missing Missing current bank Statement(s) for XXX #XXX supporting XXX for cash to close as reflected on Final 1003.

Uploading updated ULAW and approval to remove this income, loan still qualifies.

04/02/2026

Asset 3 Provided Or XXX

04/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.75% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000746

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE8201

Credit

Loan does not conform to program guidelines

Per purchase agreement and HOA being in litigation, subject property is a XXX condominium. Per XXX, XXX Condos are ineligible. No UW exception present.

The HOA is the plaintiff in this case, we are only concerned if the HOA is the defendant.

04/02/2026

Lender and HOA Cert pg XXX confirmed - The HOA is the plaintiff in this case, we are only concerned if the HOA is the defendant.

04/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.75% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000746

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE6843

Credit

Asset General

Provide verification that XXX #XXX was a business account for XXXXX XXX from XX/XX/XXXX to XX/XX/XXXX as internet banking transfer deposits were included in bank Statement income calculations per bank Statement income calculator.

Transfers are allowed per guidelines, the full validation of other accounts is not a requirement of our guidelines. Loan closed within standard practices.

04/02/2026

Lender confirmed - Transfers are allowed per guidelines, the full validation of other accounts is not a requirement of our guidelines. Loan closed within standard practices.

04/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.75% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000746

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE5809

Credit

Missing evidence of self employment

Missing current business license/search for XXXXX XXX verifying company is currently active.

The bank Statements with continual deposits is proof the business is still active. XXX Lending does not have any further requirements.

04/02/2026

Per confirmed - The bank Statements with continual deposits is proof the business is still active. XXX Lending does not have any further requirements.

04/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.75% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000746

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE1345

Credit

Borrower 1 Lease Agreements Missing

Borrower 1 Lease Agreements Missing Missing lease agreement for XXXXXX, XXX supporting XXX per month.

Document Uploaded. ; Uploading updated ULAW and approval to remove this income, loan still qualifies.

04/02/2026

Borrower 1 Lease Agreements Provided

04/03/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.75% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000746

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.75% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000746

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68.75% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 68.75% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000747

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational Only

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000747

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational Only

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000747

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational Only

04/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000748

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000748

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000748

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000749

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/25/2026

Resolved

FCRE5809

Credit

Missing evidence of self employment

Missing current business license/search for XXX verifying company is currently active. Not noted on CPA letter.

Document Uploaded. Uploading active business license

03/25/2026

Lender provided business entity status currently reflect as active.

03/26/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000749

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/25/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/25/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000749

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/25/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/25/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000750

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/09/2026

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BRAVO 2026-NQM5 1000750

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/08/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/09/2026

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BRAVO 2026-NQM5 1000751

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000751

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000365

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/08/2026

Resolved

FCRE1206

Credit

All Interested Parties Not Checked with Exclusionary Lists

All Interested Parties Not Checked with Exclusionary Lists. Lender to provide the final Fraud Report reflecting all interested parties, including the following: Appraiser, Escrow/Title Co

Document Uploaded. XXX(BA): Uploaded DV for clearance

01/12/2026

All Interested Parties Checked against Exclusionary Lists; Received date verify dated XXX/XXX/XXX, all interested parties included and checked

01/13/2026

D

B

C

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000365

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/08/2026

Acknowledged

FCRE9780

Credit

Business Purpose Affidavit/Disclosure Missing

Business Purpose Affidavit/Disclosure Missing Lender to provide an executed copy of the Business Purpose Affidavit/Disclosure.

Uploading updated ULAW with comp factors

01/12/2026

Lender exception approval provided - Ok per XXX for missing Business Purpose Affidavit. Comp factors XXX FICO, XX/XX/XXXX DSCR, 75% LTV, significant reserves with cash out.

01/12/2026

D

B

D

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000365

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/08/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/09/2026

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000365

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/08/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/09/2026

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000406

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/26/2026

Resolved

FCRE1206

Credit

All Interested Parties Not Checked with Exclusionary Lists

All Interested Parties Not Checked with Exclusionary Lists. Lender to provide the final fraud report with all interested parties, including the following: Appraiser, Title/Escrow Company

Document Uploaded. Uploaded DV for clearance

01/29/2026

All Interested Parties Checked against Exclusionary Lists; All Interested Parties Not Checked with Exclusionary Lists. Lender to provide the final fraud report with all interested parties, including the following: Appraiser, Title/Escrow Company

01/30/2026

Borrower has stable job time - Borrower has XXX years on job.

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000406

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/26/2026

Acknowledged

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) Guidelines require XXX months reserves when the LTV exceeds XXX% but less than or equal to XXX%; however, only XXX months in reserves were verified. Lender to provide asset documentation to verify XXX months reserves.

GL’s require XXX months’ reserves LTV >XXX% up to XXX% ($XXX); however, borrower is still short on required reserves. Uploading updated ULAW with comp factors

01/27/2026

Lender exception approval provided - Ok per XXX for short on reserves. Comp factors XXX FICO, S/E XXX yrs, subject C2 condition, no negative credit whatsoever.; Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s); Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) Guidelines require XXX months reserves when the LTV exceeds XXX% but less than or equal to XXX%; however, only XXX months in reserves were verified. Lender to provide asset documentation to verify XXX months reserves.

01/28/2026

Borrower has stable job time - Borrower has XXX years on job.

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000406

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/26/2026

Acknowledged

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Guidelines require reserves of $XXX; however, only XXX in reserves has been verified. Lender to provide asset documentation to verify XXX for reserves.

GL’s require XXX months’ reserves LTV >XXX% up to XXX% ($XXX); however, borrower is still short on required reserves. Uploading updated ULAW with comp factors; GL’s require XXX months’ reserves LTV >XXX% up to XXX% ($XXX); however, borrower is still short on required reserves. Uploading updated ULAW with comp factors

01/27/2026

Lender exception approval provided - Ok per XXX for short on reserves. Comp factors XXX FICO, S/E XXX yrs, subject C2 condition, no negative credit whatsoever.; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Guidelines require reserves of $XXX; however, only XXX in reserves has been verified. Lender to provide asset documentation to verify XXX for reserves.

01/28/2026

Borrower has stable job time - Borrower has XXX years on job.

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000406

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/26/2026

Borrower has stable job time - Borrower has XXX years on job.

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000406

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/26/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/26/2026

Borrower has stable job time - Borrower has XXX years on job.

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000752

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/27/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue The Deed from XXX to the entity is dated XXX/XXX/XXX. Provide entity documents for XXX to prove borrower is sole owner.

Document Uploaded. Uploading business license

03/02/2026

Property Title Issue Resolved

03/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000752

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/27/2026

Resolved

FCRE1206

Credit

All Interested Parties Not Checked with Exclusionary Lists

All Interested Parties Not Checked with Exclusionary Lists. Please check the appraiser, appraisal company, XXX, XXX, XXX, title company, settlement agent with Exclusionary lists.

Document Uploaded. Uploaded revised DV and QC Clearance Form for clearance; Document Uploaded. XXX(BA): Submitted DV for clearance

03/12/2026

All Interested Parties Checked against Exclusionary Lists; The Fraud Report page XXX shows Appraiser on the CSC Ineligible List. Please provide approval to use this Appraiser. Also the Appraiser Company is not listed on the Exclusionary Lists; please include.

03/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000752

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational Only

03/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000753

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/08/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 10.94% is less than Guideline CLTV of 60% | Original LTV is Below the Guideline Maximum - Calculated LTV of 10.94% is less than Guideline LTV of 60% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000753

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/08/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 10.94% is less than Guideline CLTV of 60% | Original LTV is Below the Guideline Maximum - Calculated LTV of 10.94% is less than Guideline LTV of 60% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000753

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/08/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 10.94% is less than Guideline CLTV of 60% | Original LTV is Below the Guideline Maximum - Calculated LTV of 10.94% is less than Guideline LTV of 60% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000355

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/28/2026

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing Missing VVOE within 10days of note

XX/XX/XXXX Borrower is XXX. As such, XXX does not require third-party verification for the borrower’s S/E business.;

01/30/2026

Borrower 1 3rd Party VOE Prior to Close Was Provided; No comment or document attached. Please advise.

02/24/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 49.21% is less than Guideline LTV of 60% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.21% is less than Guideline CLTV of 60% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000355

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 49.21% is less than Guideline LTV of 60% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.21% is less than Guideline CLTV of 60% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000355

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/29/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 49.21% is less than Guideline LTV of 60% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.21% is less than Guideline CLTV of 60% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000379

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing An operating Agreement reflects business was established XXX/XXX/XXX, it is not recorded. Provide documentation to support self-employment in an active business covering XXX years with; Copy of the Articles of Incorporation, Operating Agreement with recorded filing date, CPA or Tax Preparer’s Letter (Tax preparer’s license verification, from municipal, State or federal licensing boards or proof of their business’ existence required).

Document Uploaded. Uploading proof of S/E.

02/02/2026

Borrower 1 3rd Party VOE Prior to Close Was Provided. Documentation was provided showing the XXX years plus of the business.; Borrower 1 3rd Party VOE Prior to Close Missing An operating Agreement reflects business was established XXX/XXX/XXX, it is not recorded. Provide documentation to support self-employment in an active business covering XXX years with; Copy of the Articles of Incorporation, Operating Agreement with recorded filing date, CPA or Tax Preparer’s Letter (Tax preparer’s license verification, from municipal, State or federal licensing boards or proof of their business’ existence required).

02/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000379

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000379

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000395

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/29/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000395

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/28/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML with established escrows and appraisal requirements met. This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

01/29/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000395

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/29/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000369

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/08/2026

Resolved

FCRE1254

Credit

Property Title Issue

Property Title Issue The subject is vested in XXX and XXX XXX XXXXXX. Provide signed Deed to the borrower.

Uploading executed Quit Claim Deed

01/09/2026

Property Title Issue Resolved

01/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 46.93% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.93% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

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BRAVO 2026-NQM5 1000369

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/08/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/08/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 46.93% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.93% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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BRAVO 2026-NQM5 1000369

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/08/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/08/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 46.93% is less than Guideline LTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 46.93% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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BRAVO 2026-NQM5 1000403

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCOM1604

Compliance

Regulation § 1026.43(c)(2)(vi) failure - The consumer's current debt obligations, alimony, and child support or other debt obligations were not confirmed and included in the DTI or excluded per lender guidelines.

Regulation § 1026.43(c)(2)(vi) failure - The consumer's current debt obligations, alimony, and child support or other debt obligations were not confirmed and included in the DTI or excluded per lender guidelines. Alimony is listed on the loan application. Provide the spousal support agreement.

Borrower was never ordered to pay alimony as he was never married to the Petitioner. Uploading LOE and revised 1003 removing alimony.; Uploading child support agreement, pg XXX shows the amount.

12/26/2025

The consumer's current debt obligations, alimony, and child support or other debt obligations were confirmed. Confirmed borrower does not pay alimony and it was removed from the calculation.; Documentation provided verifies child support obligation of XXX per month. However, additional alimony/spousal support obligation of XXX per month was not documented. Condition remains.

12/30/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

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BRAVO 2026-NQM5 1000403

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Acknowledged

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. A pay history with Carrington mortgage servicing reflects payments made XXX/XXX- XXX/XXX; however the due date of the payments is not provided. Additionally, there were no payments made XX/XX/XXXX or XXX/XXX. Provide a payment history to reflects the date the payment was made and the date the payment was due, for the previous XXX months. GL XX/XX/XXXX

Uploading updated ULAW with comp factors.

12/23/2025

Lender exception approval provided - Ok per XXX to accept the VOM as-is, comp factors, 65% LTV, significant reserves after closing, XXX% DTI, borr S/E XXX years.

12/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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BRAVO 2026-NQM5 1000403

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/23/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000403

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML with established escrows and appraisal requirements met. Exception downgraded.

Informational

12/23/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

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BRAVO 2026-NQM5 1000407

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/19/2026

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: The subject was purchased as a second home on XXX/XXX/XXX. The appraisal reflects the subject is vacant. Loans where the subject property is vacant is not allowed for XXXs. GL XX/XX/XXXX

Subject just underwent some updating and the borrower’s have not yet furnished it yet. This is agreeable to XXX Lending since this scenario differentiates from a fully vacated home that has been owned for over XXX months.

01/20/2026

Property/Appraisal Meets Guidelines

01/21/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000407

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/19/2026

Resolved

FCRE0360

Credit

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The primary residence at XXX. is secured by a mortgage with XXX #XXX. Provide the most recent mortgage Statement reflecting tax and insurance are included in the payment.

Uploading FSB form showing the escrow account as part of the payment collected.

01/20/2026

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.

01/21/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000407

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/19/2026

Acknowledged

FCRE1492

Credit

Cash Out Does Not Meet Guideline Requirements

Cash Out Does Not Meet Guideline Requirements The Loan approval reflects maximum cash to the borrower is XXX (per Exception Note). The Closing Disclosure reflects the borrower received XXX cash back.

Uploading updated ULAW with comp factors.

01/20/2026

Lender exception approval provided - Ok per XXX for XXX cash back, comp factors, XXX FICO, borr S/E XXX years, XXX% DTI, significant reserves after closing.

01/21/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000407

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/15/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

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BRAVO 2026-NQM5 1000367

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/06/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Appraisal Fee On the Initial CD XXX/XXX/XXX. The borrower paid the cost of the appraisal on XX/XX/XXXX and XXX/XXX, however the increased cost was not disclosed until the CD dated XXX/XXX. It was not considered timely

Document Uploaded. Changed circumstance documentation showing reason for appraisal fee increase uploaded; Document Uploaded. This exception should be escalated to management as it has been discussed many times. XXX disclosed our default appraisal fee at initial disclosures. Once the appraisal was reviewed and approved by the UW on XXX/XXX, we adjusted the fee to match the invoice. I have uploaded the approval showing the date that condition XXX was signed off.

02/04/2026

Valid COC provided. ; The attached COC does not confirm reason for increase in appraisal fee. Requested information confirming reason for the increase and date the creditor was made of the increase in appraisal fee. ; Document Uploaded. ; Receipt of an invoice is not considered a valid reason for the appraisal fee to increase, in addition the borrower paid for the appraisal on XX/XX/XXXX and XX/XX/XXXX therefore the cost should have been know prior to the receipt of the invoice and it was not disclosed timely. The triggering event is when the broker or lender has the information sufficient to establish that a changed circumstance has occurred. Compliance testing guides treat the broker as an extension of the creditor for these purposes, and their knowledge is the creditor's knowledge for compliance timing purposes. Information delivered to an agent (broker) is considered delivered to the the creditor and knowledge of the creditor's agent is imputed to the creditor.; The reason for increase was not provided. Per SFA: To comply with the COC requirements and rebaseline fee amounts, TPRs will look to the COC documentation in file to include the components enumerated within the regulations as set forth in the preceding paragraph. The COC documentation, at a minimum, should include: XXX) The original estimate of the cost (can be documented through fee amounts disclosed on the initial LE); XXX) specific reason for the revision and how it impacted the specific fee(s) that increased; XXX) the revised amount (can be documented through fee amounts disclosed on the revised LE/CD but increase must correspond with actual change resulting from documented COC and only fees related to the specific COC are considered for rebaseline); and XXX) the date of the changed circumstance (i. the date the creditor received information sufficient to establish that one of the reasons for revision provided under § XXX(e)(XXX)(iv)(A) through (F) has occurred)

03/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 15.14% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 15.14% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000367

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/06/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 15.14% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 15.14% is less than Guideline CLTV of 80%

C

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BRAVO 2026-NQM5 1000367

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/06/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 15.14% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 15.14% is less than Guideline CLTV of 80%

C

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BRAVO 2026-NQM5 1000366

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000366

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000366

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000346

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/12/2026

Resolved

finding-2962

Compliance

XXX AB 260 Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

01/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000346

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/12/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

01/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000346

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/12/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000346

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/12/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000754

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/27/2026

Resolved

FPRO3678

Property

Property Issue(s) are Present

One or more issues or defects with the property have been discovered. Per first appraisal, mold has been detected. Mold inspection completed with remediations. Repair quote in file. Withhold of XXX reflected on Final CD and still reflected on PC CD with no indication that mold was rectified and water heater replacement completed.

Document Uploaded. Uploaded inspection report for clearance

04/21/2026

Documentation is sufficient. Inspection report with photos provided. Exception resolved.; The issue with the property has been resolved.

04/22/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

C

A

A

A

C

A

C

B

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000754

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/27/2026

Resolved

finding-2962

Compliance

XXX AB 260 Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Loan is HPML compliant and allowed per lender guidelines; therefore, downgraded to A.

03/20/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

A

A

C

A

C

B

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000754

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/27/2026

Cured

finding-3634

Compliance

Charges That Cannot Increase Test

TILA 130 Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, and Copy of Refund Check, or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from $125000to XXX for the Appraisal Fee. The COC in file did not list a valid reason for the increase This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

Document Uploaded. Please review the COE.; Document Uploaded. On XXX/XXX/XXX, the underwriter reviewed and cleared the appraisal report, and the estimated fee was adjusted according to the approved invoice. We then disclosed the change on the same day.

03/20/2026

Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B; The charge must be disclosed within XXX business day of receiving information sufficient to establish that a change has occurred or XXX business days of receiving knowledge of an increase in a previously disclosed amount provided the increase is supported by a valid reason for to support such a change. The timing commences upon receiving knowledge of the change.

03/20/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

C

B

A

A

C

A

C

B

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000754

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/27/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Loan is HPML compliant and allowed per lender guidelines; therefore, downgraded to A.

03/20/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

A

A

C

A

C

B

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000754

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational Only

03/02/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

A

A

C

A

C

B

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000370

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

05/20/2026

Acknowledged

FPRO9990

Property

Third Party Valuation Product Not Provided within XXX% Tolerance

Grading updated to B; additional TPV was required to support value.

05/20/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

C

B

D

A

C

B

A

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000370

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/03/2026

Resolved

FVAL2477

Property

Appraisal incomplete (missing map, layout, pages, etc.)

The file only contains the first two pages of the XXX appraisal. Lender to provide all pages of the XXX appraisal for the subject property.

Document Uploaded. Full Appraisal uploaded for review

02/03/2026

Copy of full appraisal received.

05/19/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

C

A

D

A

C

B

A

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000370

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/03/2026

Resolved

FCRE5809

Credit

Missing evidence of self employment

The file contains a CPA Letter to verify self-employment; however, documentation to verify the CPA or CPA business is not in file. Lender to provide documentation to verify the CPA or their business.

Document Uploaded. Uploading CPA verification.

02/03/2026

Lender provided copy of CPA website with CPA's info reflected dated XXX/XXX/XXX.

02/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

D

A

D

A

C

B

A

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000370

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/02/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

A

A

D

A

C

B

A

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000370

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/02/2026

Resolved

finding-2962

Compliance

XXX AB 260 Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/03/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

A

A

D

A

C

B

A

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

D

D

C

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

B

A

BRAVO 2026-NQM5 1000409

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/08/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/08/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000409

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/08/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/08/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000409

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/08/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/08/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000378

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/05/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000378

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/05/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000378

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000755

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/20/2026

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 80% exceeds Guideline HCLTV of 75% Exception for 80% LTV P&L program for Cash Out

Lender exception in file: high fico low dti.; Per ULAW - Lender acknowledged : Approved to match at 80% LTV on P&L bank Statement program. Must provide XXX months bank Statements to support income. rate to be XXX at price XXX with BPC - CT XX/XX/XXXX - high fico low dti.

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000755

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/20/2026

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 80% exceeds Guideline LTV of 75% Exception for 80% LTV P&L program for Cash Out

Lender exception in file: high fico low dti.; Per ULAW - Lender acknowledged : Approved to match at 80% LTV on P&L bank Statement program. Must provide XXX months bank Statements to support income. rate to be XXX at price XXX with BPC - CT XX/XX/XXXX - high fico low dti.

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000755

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/20/2026

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 80% exceeds Guideline CLTV of 75% Exception for 80% LTV P&L program for Cash Out

Lender exception in file: high fico low dti.; Per ULAW - Lender acknowledged : Approved to match at 80% LTV on P&L bank Statement program. Must provide XXX months bank Statements to support income. rate to be XXX at price XXX with BPC - CT XX/XX/XXXX - high fico low dti.

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000755

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000755

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000358

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/16/2026

Resolved

finding-2962

Compliance

XXX AB 260 Higher-Priced Mortgage Loan Test

HPML Downgraded This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

01/26/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 52.95% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.95% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000358

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/16/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Mortgage Broker Fee on CD dated XXX/XXX/XXX. This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

Document Uploaded. Changed circumstance documentation uploaded showing broker compensation increased as a result of the loan amount increase.

01/26/2026

Valid COC provided; exception resolved; Valid COC provided; exception resolved

01/26/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 52.95% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.95% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000358

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/16/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Downgraded This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

01/26/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 52.95% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.95% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000358

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/20/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 52.95% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.95% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000358

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/19/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/20/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 52.95% is less than Guideline LTV of 65% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.95% is less than Guideline CLTV of 65% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000390

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/03/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/04/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000390

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/03/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/04/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000390

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/03/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/04/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000381

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Acknowledged

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Required reserves of XXX months is $XXX; however, only XXX is verified. Lender to provide additional assets to verify an additional XXX in reserves.

Document Uploaded. Uploading updated ULAW with comp factors.

02/02/2026

Lender exception approval provided - OK per XX for XXX months reserves, comp factors, XXX FICO, borr S/E XXX years, XXX% DTI, subject in C2 condition with extensive very recent updating.; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Required reserves of XXX months is $XXX; however, only XXX is verified. Lender to provide additional assets to verify an additional XXX in reserves.

02/04/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000381

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Acknowledged

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) Required reserves is XXX months; however, only XXX months is verified. Lender to provide additional assets to verify an additional XX/XX/XXXX months in reserves.

Document Uploaded. Uploading updated ULAW with comp factors.

02/02/2026

Lender exception approval provided - OK per XX for XXX months reserves, comp factors, XXX FICO, borr S/E XXX years, XXX% DTI, subject in C2 condition with extensive very recent updating.; Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) Required reserves is XXX months; however, only XXX months is verified. Lender to provide additional assets to verify an additional XX/XX/XXXX months in reserves.

02/04/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000381

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000381

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Resolved

finding-2261

Compliance

XXX Rate Spread Home Loan Test

HPML Compliant This loan failed the XXX rate spread home loan test. ( XXX GS §24-1.1F(a)(7))The loan is a rate spread home loan, as defined in the legislation. For more information please see the XXX Rate Spread Home Loan Article section of the full ComplianceAnalyzer report hile the XXX Rate Spread Home Loan provisions specify that lenders can legally make this type of loan subject to certain conditions, some lenders and secondary market investors may prefer not to fund or buy rate spread home loans even if the additional conditions are met.

Informational

02/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000381

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000357

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/19/2026

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 75% exceeds Guideline CLTV of 70% When credit report was repulled due to incorrect B2 Ssi#, middle credit score was not updated to XXX Min FICO XXX - cash out - max CLTV 70%. Only pricing exception on ULAW.

Uploading updated ULAW with comp factors

02/20/2026

Lender exception approval provided - Manual pricing to previous pricing before credit was repulled due to the coborrower's ss # being incorrect ok'd by Sr. Management. Ok per XXX. for 75% LTV/CLTV/HCLTV. Ok per XXX for LOE missing address XXX XXX XXX Comp factors XXX% DTI, significant reserves with cash out, subject C3 conditions, comparable sales have a very low average DOM, borrower S/E XXX yrs.

02/23/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

C

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000357

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/19/2026

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 75% exceeds Guideline HCLTV of 70% When credit report was repulled due to incorrect B2 Ssi#, middle credit score was not updated to XXX Min FICO XXX - cash out - max HCLTV 70%. Only pricing exception on ULAW.

Uploading updated ULAW with comp factors

02/20/2026

Lender exception approval provided - Manual pricing to previous pricing before credit was repulled due to the coborrower's ss # being incorrect ok'd by Sr. Management. Ok per XXX. for 75% LTV/CLTV/HCLTV. Ok per XXX for LOE missing address XXX XXX XXX Comp factors XXX% DTI, significant reserves with cash out, subject C3 conditions, comparable sales have a very low average DOM, borrower S/E XXX yrs.

02/23/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

C

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000357

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/19/2026

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 75% exceeds Guideline LTV of 70% When credit report was repulled due to incorrect B2 Ssi#, middle credit score was not updated to XXX Min FICO XXX - cash out - max LTV 70%. Only pricing exception on ULAW.

Document Uploaded. Uploading updated ULAW with comp factors

02/20/2026

Lender exception approval provided - Manual pricing to previous pricing before credit was repulled due to the coborrower's ss # being incorrect ok'd by Sr. Management. Ok per XXX. for 75% LTV/CLTV/HCLTV. Ok per XXX for LOE missing address XXX XXX XXX Comp factors XXX% DTI, significant reserves with cash out, subject C3 conditions, comparable sales have a very low average DOM, borrower S/E XXX yrs.

02/23/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

C

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000357

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/19/2026

Acknowledged

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Missing LOE/supporting documentation regarding possible additional property. Per B1 F&C/HOI/HOA loe for additional properties – XXX XXX #XXX, XXX, TX XXX is reflected on loe with no supporting documentation in file and XXX  XXX is not reflected on loe but have supporting documentation in file.

Document Uploaded. Uploading the business license and XXX reports, which show that the borrower’s business owns the property—classified as commercial vacant land. A unit number is not reflected, as this is not real property. DV has no record of the property. It appears the unit number included on the address LOE was added in error. Regarding XXX XXX XXX uploading updated ULAW and comp factors.

02/20/2026

Lender exception approval provided for: Ok per XX for LOE missing address XXX XXX XXX Comp factors XXX% DTI, significant reserves with cash out, subject C3 conditions, comparable sales have a very low average DOM, borrower S/E XXX yrs.

02/23/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

D

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000357

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/19/2026

Resolved

FCRE5809

Credit

Missing evidence of self employment

Missing current business license/search for XXX verifying company is currently active. Not noted on CPA letter.

Document Uploaded. Uploading active business status

02/20/2026

Lender provided copy of business entity's Franchise Tax Account Status as of XXX/XXX/XXX.

02/23/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

D

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000357

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/20/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000357

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/19/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/20/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000391

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/21/2026

Acknowledged

FCRE9065

Credit

XXX per executed note does not meet program requirements

Lender Approved Exception granted for rate match of XXX at XXX LPC.

Lender exception granted. Compensating factors: XXX% DTI, impounds and XXX reserves.

01/22/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000391

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/21/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/22/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000391

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/21/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/22/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000349

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 30.71% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 30.71% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000349

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 30.71% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 30.71% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

BRAVO 2026-NQM5 1000349

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 30.71% is less than Guideline LTV of 70% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 30.71% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

BRAVO 2026-NQM5 1000352

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/23/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

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A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000352

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/23/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000352

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/20/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

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A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000392

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing Provide VVOE with employer dated XXX days of Closing.

Document Uploaded. VVOE uploaded for review

02/11/2026

Borrower 1 3rd Party VOE Prior to Close Was Provided

02/12/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000392

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000392

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000374

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Resolved

FCRE6737

Credit

Missing Letter of Explanation (Income)

Missing LOE for why B1 was collecting St of CA EDD payments in XXX and XXX when per WVOE reflects most recent start date of XXX/XXX/XXX.

Per the 1003 the borrower has a XXX-year-old child.

02/03/2026

Per lender UW comments on pg XXX - "Claim for Employment development dept expected return to work XX/XX/XXXX with claim effective date XX/XX/XXXX benefit paid $XXX. Record of payment thru out XXX-XXX beginning to support no gap in employment. W-2 XXX XXXX XXX W-2 XXX XXX $XXX."

02/04/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.15% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.15% is less than Guideline LTV of 85%

D

B

D

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000374

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Acknowledged

FCRE3978

Credit

Missing Letter of Explanation (Credit)

Missing LOE for primary housing history - Final 1003 reflects no primary housing history and received rent free letter for XXX years, but XXXrental agreement is reflected on credit report for XXX months, open and as agreed.

Document Uploaded. Uploading updated ULAW with comp factors.

02/03/2026

Lender exception approval provided - Ok per XXX to accept 1003 and pay history as-is and ok to accept gift funds and receipt as-is, comp factors, XXX FICO, 49% LTV, full doc, subject in C3 condition.

02/04/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.15% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.15% is less than Guideline LTV of 85%

D

B

D

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000374

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Acknowledged

FCRE9500

Credit

Missing Letter of Explanation (Assets)

Missing XXX @ gift letters - XXX from XXX XXX XXXXX for XXX deposited on XX/XX/XXXX and XXX deposited on XX/XX/XXXX into XXX #XXX and XXX from XXX XXXXX for XXX sent to Title company on XXX/XXX/XXX. ($XXX deposited into XXX #XXX on XX/XX/XXXX was return unpaid)

Document Uploaded. Uploading updated ULAW with comp factors.

02/03/2026

Lender exception approval provided - Ok per XXX to accept 1003 and pay history as-is and ok to accept gift funds and receipt as-is, comp factors, XXX FICO, 49% LTV, full doc, subject in C3 condition.

02/04/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.15% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.15% is less than Guideline LTV of 85%

D

B

D

B

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000374

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.15% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.15% is less than Guideline LTV of 85%

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000374

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.15% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 49.15% is less than Guideline LTV of 85%

D

B

A

A

D

B

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000353

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/09/2026

Resolved

FCRE6100

Credit

Audited Interested Party Contribution Exceeds Guideline Program Maximum

Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Sale price is XXX with XXX seller credit.

Document Uploaded. The FSS shows the credit was $8K but that would only be XXX%; $80K would be XXX%. Uploading FSS for review.

02/25/2026

Audited Interested Party Contribution is less than or equal to Guideline Program Maximum; Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% Sale price is XXX with XXX seller credit.

02/25/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000353

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/09/2026

Resolved

finding-2962

Compliance

XXX AB 260 Higher-Priced Mortgage Loan Test

This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code hile the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML with established escrows and appraisal requirements met. Exception downgraded.

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000353

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/09/2026

Resolved

finding-3532

Compliance

Initial Closing Disclosure Delivery Date Test

This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. Documentation required to clear exception. Proof of delivery/receipt of Initial CD dated XXX/XXX/XXX. Initial CD was not acknowledged by borrower and proof of delivery was missing from file. Unable to determine if timing requirements were met prior to consummation date of XXX/XXX/XXX.

Document Uploaded.

02/23/2026

Initial CD receipt date provided; exception resolved; Initial CD receipt date provided; exception resolved

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000353

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/09/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML with established escrows and appraisal requirements met. Exception downgraded.

Informational

02/23/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000353

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/09/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 85% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 85% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000384

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Missing verification to support that XXX XXX XXX  and XXX XXX  are the same property. Per Bank of XXX Statement, reflects XXX of XXX XXX  and raw land and lot loan. Per XXX Property tax Statement, reflects XXX XXX XXX  and Statement also reflects a building value.

Document Uploaded. Uploading screenshots of our databases and we cannot validate “XXX XXX ” as a legal and true address. This looks to be an invalid address and it cannot be located in public records.

02/11/2026

Lender confirmed address is not valid - Document Uploaded. Uploading screenshots of our databases and we cannot validate “XXX XXX ” as a legal and true address. This looks to be an invalid address and it cannot be located in public records.

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000384

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/11/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000384

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/11/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000347

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000347

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000347

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/10/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000756

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/06/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000756

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/06/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000756

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/06/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000362

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/02/2026

Acknowledged

FCRE9178

Credit

Borrower has less than XXX FICO scores and does not meet minimum required to be scored.

Borrower has less than XXX FICO scores and does not meet minimum required to be scored.

Acknowledged as 2/B grading per client request

02/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 38.38% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 38.38% is less than Guideline LTV of 65%

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BRAVO 2026-NQM5 1000362

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Acknowledged

FCRE6763

Credit

Income documentation does not meet guidelines

The file reflects documentation for income verification via XXX months bank Statements; however, when there is a deficit in tradelines, the doc type should be Full Doc. An approved exception is in file to allow XXX months bank Statements to verify income with compensating factors of low DTI and low LTV.

An approved exception is in file to allow XXX months bank Statements to verify income with compensating factors of low DTI and low LTV.

01/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 38.38% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 38.38% is less than Guideline LTV of 65%

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BRAVO 2026-NQM5 1000362

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 38.38% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 38.38% is less than Guideline LTV of 65%

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BRAVO 2026-NQM5 1000362

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/29/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 38.38% is less than Guideline CLTV of 65% | Original LTV is Below the Guideline Maximum - Calculated LTV of 38.38% is less than Guideline LTV of 65%

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BRAVO 2026-NQM5 1000757

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 90.23% exceeds Guideline CLTV of 90% The Purchase price was adjusted by XXX due to seller contributions in excess of XXX% ($XXX adjusted XXX) The CLTV/LTV exceeds XXX%

XXX cannot be reduced. Uploading updated ULAW with comp factors

02/12/2026

Lender exception approval provided - Ok per XXX for XXX% seller contribution. Comp factors XXX FICO, XXX% DTI, subject C3 condition with kitchen and bathrooms updated <XXX yrs. ago, S/E XXX years, no lates since starting to establish individual credit in XXX

02/13/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000757

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 90.23% exceeds Guideline HCLTV of 90% The Purchase price was adjusted by XXX due to seller contributions in excess of XXX% ($XXX adjusted XXX). The CLTV/LTV exceeds XXX%

XXX cannot be reduced. Uploading updated ULAW with comp factors

02/12/2026

Lender exception approval provided - Ok per XXX for XXX% seller contribution. Comp factors XXX FICO, XXX% DTI, subject C3 condition with kitchen and bathrooms updated <XXX yrs. ago, S/E XXX years, no lates since starting to establish individual credit in XXX

02/13/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000757

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 90.23% exceeds Guideline LTV of 90% The Purchase price was adjusted by XXX due to seller contributions in excess of XXX% ($XXX adjusted XXX). The CLTV/LTV exceeds XXX%

Document Uploaded. XXX cannot be reduced. Uploading updated ULAW with comp factors

02/12/2026

Lender exception approval provided - Ok per XXX for XXX% seller contribution. Comp factors XXX FICO, XXX% DTI, subject C3 condition with kitchen and bathrooms updated <XXX yrs. ago, S/E XXX years, no lates since starting to establish individual credit in XXX

02/13/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000757

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Acknowledged

FCOM3813

Credit

Purchase Contract does not Match Final CD

The final CD does not reflect the correct XXX when compared to the Purchase Contract. Truth in Lending Act (Regulation Z) 12 CFR XXX(a)(XXX)(vii) The purchase price was reduced by XXX (excessive seller contribution) to calculate the LTV/CLTV.

Document Uploaded. XXX cannot be reduced. Uploading updated ULAW with comp factors

02/12/2026

XXX is accurate. Audit reduced XXX in system to account from IPC overage.

02/13/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000757

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Acknowledged

FCRE6100

Credit

Audited Interested Party Contribution Exceeds Guideline Program Maximum

Audited Interested Party Contribution of XXX% exceeds interested party contribution guideline maximum of XXX% The seller contributions exceeded XXX% Lender requires reduction of purchase price by excess amount. No condition required.

Document Uploaded. Uploading updated ULAW with comp factors

02/12/2026

Lender exception approval provided - Ok per XXX for XXX% seller contribution. Comp factors XXX FICO, XXX% DTI, subject C3 condition with kitchen and bathrooms updated <XXX yrs. ago, S/E XXX years, no lates since starting to establish individual credit in XXX

02/13/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000757

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

02/12/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000757

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000759

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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BRAVO 2026-NQM5 1000759

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000759

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000760

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000760

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000761

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000761

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000761

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000762

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

03/30/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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A

BRAVO 2026-NQM5 1000762

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/30/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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A

BRAVO 2026-NQM5 1000762

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/30/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

BRAVO 2026-NQM5 1000763

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/30/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 57.38% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.38% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job.

A

A

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BRAVO 2026-NQM5 1000763

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/30/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 57.38% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.38% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job.

A

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A

A

BRAVO 2026-NQM5 1000763

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/30/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 57.38% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.38% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000764

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

finding-3532

Compliance

Initial Closing Disclosure Delivery Date Test

This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the file is dated XX/XX/XXXX and was not signed/ no proof of delivery found in the file. The violation can be cured by providing evidence showing that is was received by the consumer XXX business days prior to consummation XXX/XXX/XXX.

Document Uploaded. signed initial and re-disclosure CD's have been uploaded

04/06/2026

Initial CD receipt date provided; exception resolved; Initial CD receipt date provided; exception resolved

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

A

A

C

A

C

A

C

A

C

C

C

A

C

C

C

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C

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C

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BRAVO 2026-NQM5 1000764

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

finding-3652

Compliance

Lender Credits That Cannot Decrease Test

This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The lender credit violation in the amount of XXX is due to the decrease that occurred on the CD dated XX/XX/XXXX Because the loan failed the initial CD delivery date test due to missing Initial closing disclosure, any values that would be under a valid COC, if the disclosure had been provided, will not be considered valid for tolerance purposes. The violation may be cured if proof the initial closing disclosure was provided.

Document Uploaded. CIC documentation of reprice has been uploaded

04/06/2026

Initial CD receipt date provided; exception resolved; Initial CD receipt date provided; exception resolved

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000764

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

finding-3526

Compliance

Revised Loan Estimate Delivery Date Test (prior to consummation)

This loan failed the revised loan estimate delivery date test (prior to consummation) due to one of the following findings: (12 CFR §1026.19(e)(4)(ii) he revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised loan estimate delivery date is less than seven business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised loan estimate delivery date is less than four business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised loan estimate receipt date is provided and the revised loan estimate receipt date is less than four business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised loan estimate delivery date is on or after the initial closing disclosure delivery date he creditor shall not provide a revised version of the disclosures required under §1026.19(e)(1)(i) on or after the date on which the creditor provides the disclosures required under §1026.19(f)(1)(i). The consumer must receive a revised version of the disclosures required under §1026.19(e)(1)(i) not later than four business days prior to consummation. If the revised version of the disclosures required §1026.19(e)(1)(i) is not provided to the consumer in person, the consumer is considered to have received such version three business days after the creditor delivers or places such version in the mail. Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer XXX business days prior to the consummation date, XXX/XXX/XXX. The defect can be cured by providing evidence showing the consumer received the loan estimate at least XXX business days prior to consummation

Document Uploaded. signed final LE has been uploaded

04/06/2026

Revised LE receipt date provided; exception resolve; Revised LE receipt date provided; exception resolve

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000764

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Trust Review Fee that was added on LE XX/XX/XXXX - COC in file did not list a valid reason.

the trust documentation was received on XXX/XXX, reviewed on XXX/XXX, and the fee was added and disclosed that day. Exception triggered in error.

04/06/2026

Valid COC provided; exception resolved ; Valid COC provided; exception resolved

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000764

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/27/2026

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: The appraisal report is incomplete; XXX pages were in the file. Provide the complete appraisal with all photos, addendums, sketch and maps.

Document Uploaded. Please review the appraisal.

03/31/2026

Property/Appraisal Meets Guidelines

04/01/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000764

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000765

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FVAL3825

Property

FEMA Declared Disaster Dated Prior to the XXX, After Appraisal Date

Property located in FEMA Declared Disaster Area with no subsequent property Inspection. Missing PDI for XXX XXX (FM-XXX-XXX) declared on XXX/XXX/XXX. Appraisal dated XXX/XXX/XXX.

Document Uploaded. Please review the PDI.

04/08/2026

Property Inspection Provided.

04/08/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000765

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FPRO0383

Property

FEMA Post Disaster Inspection Report not Provided

The subject property is a FEMA disaster case; however, the inspection report was not provided. Missing PDI for XXX XXX (FM-XXX-TX) declared on XXX/XXX/XXX. Appraisal dated XXX/XXX/XXX.

Please review the PDI.

04/08/2026

FEMA Post Disaster Inspection report was provided.

04/08/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000765

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000765

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/31/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000766

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000766

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000766

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000767

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/25/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000767

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/25/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000767

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/25/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000768

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML Compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

Informational

04/06/2026

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BRAVO 2026-NQM5 1000768

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/06/2026

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BRAVO 2026-NQM5 1000768

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/06/2026

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BRAVO 2026-NQM5 1000845

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.55% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.55% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000845

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.55% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.55% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000845

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/31/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.55% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 52.55% is less than Guideline LTV of 80%

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BRAVO 2026-NQM5 1000660

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML with established escrows and met appraisal requirements, therefore, downgraded to grade A.

Informational

01/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

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BRAVO 2026-NQM5 1000660

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/23/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

TILA 130b Cure Required. Refund in the amount of $XXX.; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation is due to an increase in Lender’s Title Insurance (paid to an affiliate and provider of lender) from XXX on the initial LE to XXX on the final CD, and Title Settlement Fee (also an affiliate and provider) from XXX on the initial LE to XXX on the final CD. This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

Lender confirmed the borrower chose to shop for title services; Lender confirmed the borrower chose to shop for title services; Document uploaded.

01/30/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

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BRAVO 2026-NQM5 1000660

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report

Third Party Fraud Report is provided

01/29/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

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BRAVO 2026-NQM5 1000660

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/22/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

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BRAVO 2026-NQM5 1000846

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/09/2026

Resolved

FCRE1342

Credit

Borrower 1 Business Bank Statements Missing

Borrower 1 Business Bank Statements Missing Provide a copy of XXX months Business Bank Statement #XXX (XXX) documents Missing in file.

Bank Statement

04/15/2026

Borrower 1 Business Bank Statements Provided; Statements provided; Document Uploaded.

04/17/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

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BRAVO 2026-NQM5 1000846

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/09/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

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BRAVO 2026-NQM5 1000846

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

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BRAVO 2026-NQM5 1000673

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/22/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.36% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.36% is less than Guideline LTV of 70%

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BRAVO 2026-NQM5 1000673

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/22/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.36% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.36% is less than Guideline LTV of 70%

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BRAVO 2026-NQM5 1000673

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/20/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/22/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 36.36% is less than Guideline CLTV of 70% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 36.36% is less than Guideline LTV of 70%

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BRAVO 2026-NQM5 1000598

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/15/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/20/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000598

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/15/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/20/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000598

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/16/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/20/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000647

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000647

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000647

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/12/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000674

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000674

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000674

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

02/11/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/12/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000653

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/12/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/13/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 51.92% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 51.92% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000653

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/12/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/13/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 51.92% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 51.92% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000653

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/13/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/13/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 51.92% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 51.92% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000643

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/27/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 25% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 25% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000643

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/27/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 25% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 25% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000643

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

01/22/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/27/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 25% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 25% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000847

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

finding-3367

Compliance

RESPA Homeownership Counseling Organizations Disclosure Date Test

Documentation required to clear exception:  Provide homeownership counseling disclosure that was provided to the consumer within XXX business days of XXX of XXX/XXX/XXX. This loan failed the homeownership counseling organizations disclosure date test due to the following findings: (12 CFR §1024.20(a) he loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan Originator's XXX (or the date creditor received application if loan Originator's XXX is not provided); orThe homeownership counseling organizations disclosure date is after the closing date ot later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than XXX days prior to the time when the list is provided to the loan applicant from either:(XXX he website maintained by the Bureau for lenders to use in complying with the requirements of this section; or(XXX ata made available by the Bureau or HUD for lenders to use in complying with the requirements of this section, provided that the data is used in accordance with instructions provided with the data his calculation take into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1024.2(b) and as it relates to §1024.20 (list of homeownership counseling organizations provided not later than 3 business days after a loan originator receives an application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NonePlease note: This test does not validate the content of any list of homeownership counseling organizations.

Hines XXX HCO with Audit Log

04/03/2026

HOC dated within XXX days of the XXX; exception resolved; HOC dated within XXX days of the XXX; exception resolved; Document Uploaded.

04/06/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 79.16% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.16% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

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B

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BRAVO 2026-NQM5 1000847

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the XXX of XX/XX/XXXX as the earliest available LE is dated XXX/XXX/XXX. Please provide the initial LE issued within XXX business days of the XXX of XXX/XXX/XXX. Additional testing will be completed once the initial LE is provided. Also provide Written List of Service Providers dated within XXX business days of XXX. This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

Hines XXX Initial LE with Audit Log

04/03/2026

LE dated within XXX days of the XXX; exception resolved; LE dated within XXX days of the XXX; exception resolved; Document Uploaded.

04/06/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 79.16% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.16% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000847

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

finding-3635

Compliance

Charges That In Total Cannot Increase More Than XXX% Test

TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the XXX of XX/XX/XXXX as the earliest available LE is dated XXX/XXX/XXX. Please provide the initial LE issued within XXX business days of the XXX of XXX/XXX/XXX. Additional testing will be completed once the initial LE is provided. Also provide Written List of Service Providers dated within XXX business days of XXX. This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi).

Hines XXX Initial LE with Audit Log

04/03/2026

LE dated within XXX days of the XXX; exception resolved; LE dated within XXX days of the XXX; exception resolved; Document Uploaded.

04/06/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 79.16% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.16% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000847

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

finding-3515

Compliance

Initial Loan Estimate Delivery Date Test (from application)

Documentation required to clear exception. The Initial Loan Estimate dated XX/XX/XXXX (per compliance report in file) is missing from the loan file. The earliest LE in the loan file was issued on XXX/XXX/XXX. The violation can be cured by providing the initial LE within XXX days of XXX of XXX/XXX/XXX. This loan failed the initial loan estimate delivery date test (from application) due to one of the following: (12 CFR §1026.19(e)(1)(iii)(A) he initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application herefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXX regardless of the actual values on the disclosure his calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a)(XXX) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneThe creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application.

Hines XXX Initial LE with Audit Log

04/03/2026

LE dated within XXX days of the XXX; exception resolved; LE dated within XXX days of the XXX; exception resolved; Document Uploaded.

04/06/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 79.16% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.16% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000847

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 79.16% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.16% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000847

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/30/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/31/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 79.16% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.16% is less than Guideline CLTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

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BRAVO 2026-NQM5 1000848

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/19/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.47% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.47% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000848

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/19/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.47% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.47% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000848

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.47% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.47% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000652

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/14/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/15/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000652

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/14/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/15/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000652

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/14/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/15/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%

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BRAVO 2026-NQM5 1000633

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/28/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/29/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000633

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/28/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/29/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000633

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/28/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/29/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000849

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report

XXXXX Fraud report

03/20/2026

Third Party Fraud Report is provided; Fraud report provided. ; Document Uploaded.

03/23/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000849

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

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A

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A

A

BRAVO 2026-NQM5 1000849

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

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A

A

D

D

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D

D

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D

D

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D

D

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D

D

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A

BRAVO 2026-NQM5 1000850

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Rescinded

FCRE1193

Credit

Audited DTI Exceeds Guideline DTI

Audited DTI of XXX% exceeds Guideline DTI of XXX% The Rental home at XXX XXX Payment of XXX was not included in the liabilities. The lease agreement in the file is For XXXXX XXX, XXX.

Letter of explanation and REO Statement

04/06/2026

Client LOX attached with evidence, "The reason property XXX XXX Payment of XXX was not included in theliabilities as there is evidences of PITIA paid by sister- XXX XXX XXXXXX(please see attachment)"; Document Uploaded.

04/07/2026

A

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A

BRAVO 2026-NQM5 1000850

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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A

BRAVO 2026-NQM5 1000850

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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A

A

BRAVO 2026-NQM5 1000851

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

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A

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A

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A

A

BRAVO 2026-NQM5 1000851

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

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A

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A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000851

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000852

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

finding-3532

Compliance

Initial Closing Disclosure Delivery Date Test

Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the file is dated XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation date of XXX/XXX/XXX. This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except XXXXX and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation.

Initial CD

04/06/2026

Initial CD provided; exception resolved; Initial CD provided; exception resolved; Document Uploaded.

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

A

A

A

A

C

A

C

A

A

C

C

A

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C

C

A

A

C

C

A

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C

C

A

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C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000852

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000852

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000853

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCRE1159

Credit

Hazard Insurance Effective Date is after the Disbursement Date

Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XXX-XXX-XXX. Per the Final CD the funding date is XXX/XXX/XXX, the provided hazard insurance policy has an effective date of XXX/XXX/XXX.

Updated CD

04/10/2026

Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided.; Post CD reflecting XXX-XXX-XXX; Document Uploaded.

04/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000853

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCRE1182

Credit

Approval/Underwriting Summary Not Provided

Missing Approval/Underwriting Summary. Missing XXX

XXX

04/06/2026

Approval/Underwriting Summary is fully present; XXX provided; Document Uploaded.

04/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

A

B

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000853

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000853

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90%

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000854

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FCOM1220

Credit

The Deed of Trust is Missing

The Deed of Trust is Missing The file does not contain a copy of the Security Instrument.

XXX

03/25/2026

The Deed of Trust is Present; DOT provided; Document Uploaded.

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000854

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FCRE1182

Credit

Approval/Underwriting Summary Not Provided

Missing Approval/Underwriting Summary. The file does not contain a copy of the XXX

XXX

03/25/2026

Approval/Underwriting Summary is fully present; XXX provided; Document Uploaded.

03/26/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

D

A

B

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000854

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000854

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/20/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/24/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000855

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FCRE1148

Credit

Title Coverage is Less than Subject Lien

Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX The provided title supplement has a loan amount listed as XXX the loan amount is $XXX.

XXX

03/23/2026

Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien $XXX; Title provided in amount of XXX provided; Document Uploaded.

03/24/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

B

A

B

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000855

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

B

A

A

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000855

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/19/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

B

A

A

A

B

A

A

A

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000856

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/18/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/19/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000856

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/18/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/19/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000856

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/18/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/19/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000857

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FPRO1500

Property

HOA Questionnaire is Missing

HOA Questionnaire Missing HOA Questionnaire is missing

HOA Questionnaire

04/06/2026

HOA Questionnaire Provided; Provided; Document Uploaded.

04/07/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000857

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/31/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000857

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

03/26/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/31/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000858

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/23/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

03/24/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 55.32% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.32% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000858

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

03/24/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 55.32% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.32% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000858

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

03/24/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

03/24/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 55.32% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.32% is less than Guideline CLTV of 75%

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BRAVO 2026-NQM5 1000859

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000859

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000859

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/07/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000860

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.42% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.42% is less than Guideline CLTV of 90%

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BRAVO 2026-NQM5 1000860

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.42% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.42% is less than Guideline CLTV of 90%

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BRAVO 2026-NQM5 1000860

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.42% is less than Guideline LTV of 90% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.42% is less than Guideline CLTV of 90%

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BRAVO 2026-NQM5 1000861

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/14/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 72.39% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 72.39% is less than Guideline CLTV of 90%

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BRAVO 2026-NQM5 1000861

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/14/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 72.39% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 72.39% is less than Guideline CLTV of 90%

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BRAVO 2026-NQM5 1000861

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/14/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/14/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 72.39% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 72.39% is less than Guideline CLTV of 90%

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BRAVO 2026-NQM5 1000862

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCRE1492

Credit

Cash Out Does Not Meet Guideline Requirements

Cash Out Does Not Meet Guideline Requirements. Loan approval reflects this is a rate and term XXX but borrower received XXX at closing. Per lender guidelines maximum incidental cash out amount on a rate and term XXX is the lesser of XXX% of the loan amount or XXX

Cash Out Meets Guideline Requirements; Document Uploaded. Rebuttal: With regards to the Cash Out Does Not Meet Guideline Requirements. Loan approval reflects this is a rate and term XXX but borrower received XXX at closing. Per lender guidelines maximum incidental cash out amount on a rate and term XXX is the lesser of XXX% of the loan amount or XXX Will you accept adding a Principal Reduction to get this back within limits for the loan? If So please review the attached PCCD if is OK for the PR to be applied on the Payment history for the condition to be cleared.

05/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.22% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 41.22% is less than Guideline LTV of 75%

C

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BRAVO 2026-NQM5 1000862

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.22% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 41.22% is less than Guideline LTV of 75%

C

A

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BRAVO 2026-NQM5 1000862

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

04/01/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 41.22% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 41.22% is less than Guideline LTV of 75%

C

A

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C

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BRAVO 2026-NQM5 1000863

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

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BRAVO 2026-NQM5 1000863

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000863

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/07/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000594

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

09/22/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing.

Document Uploaded.

09/29/2025

Evidence of eConsent is provided.

09/30/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000594

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

09/22/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing The ABD for the lender on note was not provided.

Document Uploaded.

09/29/2025

Required Affiliated Business Disclosure Documentation Provided

09/30/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000594

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

09/22/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

09/22/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000594

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

09/22/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

09/22/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000576

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/02/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing Documentation Required to clear exception - Provide copy of Affiliated Business Disclosure

Document Uploaded.

12/09/2025

Required Affiliated Business Disclosure Documentation Provided

12/10/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000576

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/03/2025

Resolved

FCRE1146

Credit

Title Document is Partially Present

Title Document is incomplete or only partially present. Title Document is partially present (includes Schedule C and Title Endorsements).

Document Uploaded.

12/09/2025

Title Document is fully Present.; Client provided Title.

12/10/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000576

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/03/2025

Resolved

FCRE0382

Credit

Assets do not meet guideline requirements

When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. Per Final 1003 borrower using assets from XXX XXX & XXX and XXX Business XXX, which account Statements are NOT in file and EXXX amount of XXX was not verified as cleared, resulting in funds short to close in the amount of -$XXX. XXX XXX is in file with a balance of XXX no additional assets located.

Document Uploaded.

12/09/2025

Funds are found to meet guidelines.; Asset docs provided - Pending review.

12/10/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000576

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/03/2025

Resolved

FCRE1182

Credit

Approval/Underwriting Summary Not Provided

Missing Approval/Underwriting Summary. Loan approval / XXX is missing

Document Uploaded.

12/09/2025

Approval/Underwriting Summary is fully present; Client sent XXX

12/10/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000576

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/04/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing.

Document Uploaded.

12/09/2025

Evidence of eConsent is provided.

12/10/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000576

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/03/2025

Resolved

FPRO8998

Property

No Property Findings

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

Cleared

12/07/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000576

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/02/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML Compliant - Escrowed and appraisal delivered within XXX business days of closing

HPML compliant

12/07/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000542

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/04/2025

Cured

finding-3635

Compliance

Charges That In Total Cannot Increase More Than XXX% Test

This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for Recording Fee.

Document Uploaded.

12/15/2025

Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B

12/17/2025

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

A

A

A

A

C

B

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000542

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/08/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/08/2025

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

A

A

A

A

C

B

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000542

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/08/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/08/2025

Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

A

A

A

A

A

A

C

B

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000461

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/08/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing. Showing evidence that the borrowers consented to electronic communication at the time of initial disclosure, XXX/XXX/XXX, may cure the violation.

Document Uploaded.

12/11/2025

Evidence of eConsent is provided.; E-consent received

12/12/2025

Borrower has stable job time - Borrower has XXX years on job.

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000461

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/09/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/10/2025

Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000461

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/09/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/10/2025

Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000585

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/09/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing. Provide eConsent dated on or before XXX/XXX/XXX.

Document Uploaded.

12/11/2025

Evidence of eConsent is provided.; E-consent received

12/12/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000585

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/09/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/10/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000585

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/09/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/10/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000490

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/10/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/10/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000490

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/10/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/10/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000490

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/10/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/10/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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BRAVO 2026-NQM5 1000505

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/09/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/10/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

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A

BRAVO 2026-NQM5 1000505

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/09/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/10/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

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BRAVO 2026-NQM5 1000505

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/09/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML Loan with established escrows and appraisal requirements have been met. HPML Downgraded

HPML compliant

12/10/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

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A

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A

BRAVO 2026-NQM5 1000438

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/11/2025

Resolved

FCOM3849

Compliance

Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))

The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date.

Document Uploaded.

12/16/2025

Evidence of appraisal delivery provided.

12/16/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000438

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/10/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/12/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000438

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/10/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/12/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000476

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/12/2025

Cured

finding-3635

Compliance

Charges That In Total Cannot Increase More Than XXX% Test

This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). ILA XXX Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, and Copy of Refund Check, or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Mortgage Recording Fee

Document Uploaded.

12/22/2025

Received cure package that contains a copy of PCCD, LOE, Copy of refund check and proof of tracking for testing. Exception cured.; Received cure package that contains a copy of PCCD, LOE, Copy of refund check and proof of tracking for testing. Exception cured.; Cure documents provided.

12/23/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.44% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.44% is less than Guideline LTV of 75%

D

B

C

B

D

A

A

A

C

B

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000476

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/12/2025

Cured

finding-651

Compliance

TILA Finance Charge Test

This loan failed the TILA finance charge test.(12 CFR §1026.38(o)(2) he finance charge is $XXX. The disclosed finance charge of XXX is not considered accurate because it is underStated by more than XXX Cure required: Cure of XXX required for under disclosure of finance charges. The finance charge is $XXX. The disclosed finance charge of XXX is not considered accurate because it is underStated by more than XXX The XXX Fee of XXX was not included in calculations. Cure requires PCCD, LOE, copy of refund check, and proof of mailing.

Document Uploaded. ; Document Uploaded.

12/22/2025

Received cure package that contains a copy of PCCD, LOE, Copy of refund check and proof of tracking for testing. Exception cured.; Cure package is missing proof of delivery, if cure package was not sent via a delivery service with tracking, proving a copy of the cashed check by the borrower would be sufficient to confirm delivery ; Received cure package that contains a copy of PCCD, LOE, Copy of refund check and proof of tracking for testing. Exception cured.; Cure package is missing proof of delivery, if cure package was not sent via a delivery service with tracking, proving a copy of the cashed check by the borrower would be sufficient to confirm delivery

12/23/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.44% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.44% is less than Guideline LTV of 75%

D

B

C

B

D

A

A

A

C

B

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000476

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/11/2025

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing Please provide per guidelines requirement dated within XXX days of closing.

Document Uploaded. ; Document Uploaded.

12/22/2025

Borrower 1 3rd Party VOE Prior to Close Was Provided; VVOEs provided. ; Countered - VVOE provided for B2. Missing VVOE for B1. ; Client provided VVOE dated XX/XX/XXXX

12/23/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.44% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.44% is less than Guideline LTV of 75%

D

B

D

A

D

A

A

A

C

B

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000476

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/12/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide Affiliated Business Disclosure within XXX days of XXX or provide confirmation the lender has no affiliates.

Document Uploaded.

12/19/2025

Required Affiliated Business Disclosure Documentation Provided

12/22/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.44% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.44% is less than Guideline LTV of 75%

D

B

B

A

D

A

A

A

C

B

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000476

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/11/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/12/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 55.44% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 55.44% is less than Guideline LTV of 75%

D

B

A

A

D

A

A

A

C

B

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000435

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/15/2025

Resolved

finding-2559

Compliance

XXX Subprime Home Loan Test

This loan failed the XXX Subprime Home Loan Test. (XXX SB XXX Section XXX(c) sing the greater of the disclosed APR and the fully indexed rate, the loan is a subprime home loan, as defined in the legislation. While the XXX Subprime Home Loan provisions specify that lenders may lawfully make this type of loan subject to certain conditions, some lenders and secondary market investors may prefer not to fund or buy subprime home loans even if the additional conditions are met. Provide the XXX Subprime List of Approval Housing Counselors dated within XXX days of application or provide an undiscounted rate to exclude any discount points.

Document Uploaded.

12/19/2025

XXX housing counselor list provided; XXX Subprime compliant; Exception resolved

12/22/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000435

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/15/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. Provide the e-consent dated on or prior to the earliest electronic signature XXX/XXX/XXX.

Document Uploaded.

12/19/2025

Evidence of eConsent is provided.

12/22/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

B

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000435

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/15/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML compliant

Document Uploaded.

12/19/2025

HPML compliant

12/22/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000435

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/12/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/16/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000435

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/12/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/16/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000537

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/12/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/16/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000537

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/15/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/16/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000537

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/15/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/16/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000428

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/15/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/16/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000428

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/16/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

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BRAVO 2026-NQM5 1000428

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/16/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000468

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/16/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000468

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/16/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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BRAVO 2026-NQM5 1000468

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/16/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

BRAVO 2026-NQM5 1000463

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/17/2025

Cured

FCOM1852

Compliance

Incorrect rescission model used - RTC form model H-XXX used for XXX not with Original Lender or Lender Affiliate

Incorrect rescission model used - RTC form model H9 (Same Creditor) used for XXX not with Original Lender or Lender Affiliate The consumer was provided the incorrect RTC version. The consumer is refinancing with a new creditor. Model H-XXX was provided; however, an H-XXX should have been used. Cure requires re-opening of rescission with correct form, PCCD, LOE, and proof of delivery is required.

Document Uploaded. ; Document Uploaded. ; Document Uploaded.

01/08/2026

Cure package provided to the borrower; exception downgraded to a 2/B; Provide LOE sent to the borrower in order to downgrade; RTC form model H9 (Same Creditor) used for XXX not with Original Lender or Lender Affiliate The consumer was provided the incorrect RTC version. The consumer is refinancing with a new creditor. Model H-XXX was provided; however, an H-XXX should have been used. Cure requires re-opening of rescission with correct form, PCCD, LOE, and proof of delivery is required.

01/09/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 64.94% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.94% is less than Guideline CLTV of 80%

B

B

B

B

A

A

A

A

B

B

B

A

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B

B

A

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B

B

A

A

B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000463

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/17/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 64.94% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.94% is less than Guideline CLTV of 80%

B

B

A

A

A

A

A

A

B

B

B

A

A

B

B

A

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B

B

A

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B

B

A

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B

B

A

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B

B

A

A

B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000463

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/17/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 64.94% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.94% is less than Guideline CLTV of 80%

B

B

A

A

A

A

A

A

B

B

B

A

A

B

B

A

A

B

B

A

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B

B

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B

B

A

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B

B

A

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B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

BRAVO 2026-NQM5 1000552

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Requirements met.

HPML compliant

12/17/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

A

BRAVO 2026-NQM5 1000552

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

finding-2623

Compliance

XXX COMAR Higher-Priced Mortgage Loan Test

This loan failed the XXX COMAR higher-priced mortgage loan test. (XXX COMAR 09030602B(XXX), COMAR 09030902B(XXX) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of XXX Regulations (COMAR) hile the XXX COMAR provisions specify that lenders can legally make this type of loan subject to certain disclosure requirements, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPMl requirements met.

HPML compliant

12/17/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

A

BRAVO 2026-NQM5 1000552

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/17/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

A

BRAVO 2026-NQM5 1000552

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/16/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/17/2025

Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

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A

A

A

BRAVO 2026-NQM5 1000522

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/17/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing To cure the defect please provide the Affiliated Business Disclosure dated within XXX business days of application.

Document Uploaded.

12/22/2025

Required Affiliated Business Disclosure Documentation Provided

12/23/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000522

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/17/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML with established escrows and appraisal requirements met.

HPML compliant

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000522

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000522

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000506

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing. Nothing in file to reflect the initial e-signature dated on or before XXX/XXX/XXX.

Document Uploaded.

12/19/2025

Evidence of eConsent is provided.

12/22/2025

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.97% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.97% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000506

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.97% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.97% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000506

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 57.97% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 57.97% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000443

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XXX/XXX/XXX, however missing proof of e-consent dated XX/XX/XXXX or before.

Document Uploaded.

12/19/2025

Evidence of eConsent is provided.

12/22/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000443

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/18/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000443

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/18/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000482

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements Missing housing history for January XXX through November XXX for property located on XXX. Guidelines require a XXX month housing history and only one month of payment history, December, paid on XXX/XXX/XXX, is in file.

Document Uploaded.

12/19/2025

Housing History Meets Guideline Requirements

12/19/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

C

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000482

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML compliant with evidenced escrows and appraisal delivery.

HPML compliant

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000482

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000482

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 79.05% exceeds Guideline CLTV of 75% Exception request: Accepting 79.05% CLTV vs 75% CLTV due to a 5% LTV deduction for declining market. Compensating factors: DTI > XXX% below the program requirement and high discretionary income.

Lender exception provided

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

B

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000482

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 79.05% exceeds Guideline HCLTV of 75% Exception request: Accepting 79.05% HLTV vs 75% HLTV due to a 5% LTV deduction for declining market. Compensating factors: DTI > XXX% below the program requirement and high discretionary income.

Lender exception provided

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

B

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000482

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 79.05% exceeds Guideline LTV of 75% Exception request: Accepting 79.05% LTV vs 75% LTV due to a 5% LTV deduction for declining market. Compensating factors: DTI > XXX% below the program requirement and high discretionary income.

Lender exception provided

12/18/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

B

B

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

BRAVO 2026-NQM5 1000477

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/18/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.67% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.67% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000477

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/18/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.67% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.67% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000477

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/18/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/18/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 42.67% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 42.67% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000507

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000507

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000507

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000416

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. Provide the e-consent dated on or prior to the earliest electronic signature XXX/XXX/XXX.

Document Uploaded.

12/29/2025

Evidence of eConsent is provided.

12/30/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000416

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML compliant This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

HPML compliant

12/22/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000416

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/22/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000416

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/22/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000495

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. Provide the e-consent dated on or prior to the earliest electronic signature XX/XX/XXXX

Document Uploaded.

12/29/2025

Evidence of eConsent is provided.

12/30/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 49.07% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.07% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job.

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000495

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/22/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 49.07% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.07% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000495

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/22/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 49.07% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 49.07% is less than Guideline CLTV of 75% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000556

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

12/22/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000556

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

12/23/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000556

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

12/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000453

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report There is no Fraud Report in the file.

Document Uploaded.

01/02/2026

Third Party Fraud Report is provided

01/05/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000453

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCOM1231

Credit

The Initial 1003 is Missing

The Initial 1003 is Missing The initial 1003 was not provided in the file.

Document Uploaded.

12/31/2025

The Initial 1003 is Present

01/01/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000453

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing There no verification of the borrower's business found in the file.

Document Uploaded.

12/31/2025

Borrower 1 3rd Party VOE Prior to Close Was Provided

01/01/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000453

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines The qualification type is XXX Month Bank Statements; however there are no Bank Statements or approved account activity reports found in the file.

Document Uploaded.

12/31/2025

Income and Employment Meet Guidelines

01/01/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000453

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCOM1266

Compliance

Homeownership Counseling Disclosure Is Missing

Homeownership Counseling Disclosure Is Missing

Document Uploaded.

12/31/2025

Homeownership Counseling Disclosure Is Present or XXX

12/31/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000453

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide Affiliated Business Disclosure within XXX days of XXX XX/XX/XXXX or provide confirmation the lender has no affiliates.

Document Uploaded.

12/31/2025

Required Affiliated Business Disclosure Documentation Provided

12/31/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000453

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/22/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/24/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000579

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/24/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000579

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/24/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

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A

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A

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A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000579

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/24/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

BRAVO 2026-NQM5 1000589

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

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A

A

A

BRAVO 2026-NQM5 1000589

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

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A

A

A

BRAVO 2026-NQM5 1000589

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/24/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

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A

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A

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A

A

A

A

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A

A

A

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A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000588

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/24/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

BRAVO 2026-NQM5 1000588

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/24/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

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A

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A

A

A

A

BRAVO 2026-NQM5 1000588

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/24/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000449

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/24/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

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A

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A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000449

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/24/2025

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

A

A

A

A

BRAVO 2026-NQM5 1000449

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/23/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/24/2025

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000431

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/29/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

A

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A

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A

A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000431

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/29/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000517

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/29/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

BRAVO 2026-NQM5 1000517

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/24/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/29/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

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A

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A

A

BRAVO 2026-NQM5 1000519

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/24/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML with established escrows and appraisal requirements met. Exception downgraded.

HPML compliant

12/29/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

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A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000519

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/29/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000519

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/26/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/29/2025

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000414

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

12/30/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/30/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000414

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

12/30/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/30/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

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A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000414

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

ATR/QM: Exempt

Loan Review Complete

12/30/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/30/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000596

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/30/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XXX/XXX/XXX, however missing proof of e-consent dated XX/XX/XXXX or before.

Document Uploaded.

01/02/2026

Evidence of eConsent is provided.

01/02/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.79% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.79% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

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B

B

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B

A

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A

A

A

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A

A

A

A

BRAVO 2026-NQM5 1000596

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/29/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/30/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.79% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.79% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

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B

B

A

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B

A

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A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000596

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/29/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/30/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.79% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64.79% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job.

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

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B

B

A

A

B

B

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B

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A

BRAVO 2026-NQM5 1000573

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/27/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

12/29/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

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A

A

A

BRAVO 2026-NQM5 1000573

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/29/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/29/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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A

A

BRAVO 2026-NQM5 1000573

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/29/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/29/2025

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

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A

A

BRAVO 2026-NQM5 1000493

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/30/2025

Resolved

finding-47

Compliance

TILA Right of Rescission Test

This loan failed the TILA right of rescission test losed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) he funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Documentation required to clear exception: The disbursement date of XX/XX/XXXX is on the last day to cancel listed on ROR XXX/XXX/XXX. Proof of actual disbursement date is required to cure or provide PCCD, LOE, new signed ROR, and re-opening of rescission.

Document Uploaded.

01/05/2026

PCCD provided; exception resolved; PCCD provided; exception resolved

01/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 70%

C

A

C

A

A

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C

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C

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C

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C

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A

A

BRAVO 2026-NQM5 1000493

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/30/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

12/31/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 70%

C

A

A

A

A

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C

A

C

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C

C

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C

C

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C

C

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C

C

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C

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A

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A

A

A

A

BRAVO 2026-NQM5 1000493

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

12/30/2025

Resolved

FPRO8998

Property

No Property Findings

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

Informational

12/31/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.37% is less than Guideline CLTV of 70% | Original LTV is Below the Guideline Maximum - Calculated LTV of 47.37% is less than Guideline LTV of 70%

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

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C

C

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C

C

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C

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A

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A

A

BRAVO 2026-NQM5 1000489

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/05/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000489

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/05/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

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A

A

A

A

A

A

BRAVO 2026-NQM5 1000489

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/05/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

A

A

A

A

A

A

A

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A

A

BRAVO 2026-NQM5 1000526

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/02/2026

Resolved

FCOM1207

Compliance

The Note is Not Executed

The Note is Not Executed The Note is Not Executed

Document Uploaded.

01/07/2026

The Note is Executed; Executed Note received.

01/07/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000526

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/05/2026

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. Provide the e-consent dated on or prior to the earliest electronic signature XXX/XXX/XXX.

Document Uploaded.

01/07/2026

Evidence of eConsent is provided.

01/07/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

B

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000526

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/02/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/05/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000526

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/02/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/05/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

A

A

A

A

C

A

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000551

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/07/2026

Resolved

FCRE1479

Credit

Asset 1 Does Not Meet Guideline Requirements

Asset Record XXX Does Not Meet G/L Requirements. Net Proceeds from the sale of XXX XXX are the qualifying assets used for down payment, closing costs and reserves. Final CD in file is not executed as required by Guidelines. Fully executed Final CD/Settlement Statement is required.

Document Uploaded.

01/21/2026

Asset Record XXX Meets G/L Requirements; Client provided borrower sold property CD reflecting funds received.

01/22/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000551

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/05/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/08/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000551

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/08/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000417

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/05/2026

Resolved

FCOM1266

Compliance

Homeownership Counseling Disclosure Is Missing

Homeownership Counseling Disclosure Is Missing Provide the Homeownership Counseling disclosure and proof sent to the borrower within XXX business days of application XXX/XXX/XXX.

Document Uploaded.

01/19/2026

Homeownership Counseling Disclosure Is Present or XXX

01/20/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

B

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000417

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/05/2026

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing Provide the affiliated business disclosure and proof sent to the borrower within XXX business days of application XX/XX/XXXX

Document Uploaded.

01/19/2026

Required Affiliated Business Disclosure Documentation Provided

01/20/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

B

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000417

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/07/2026

Resolved

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. The guideline requirement is XXX months reserves or $XXX. The XXX acct xx38 listed in the 1003 reflected funds of $XXX. The asset Statements provided were for an acct ending xx0084 with available assets of XXX as of XXX.

Document Uploaded.

01/19/2026

Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.; Lender provided additional assets to cover reserves. Resolved. ; Client provided multiple months of assets with most recent being XXX-XXX-XXX. (Business and Personal)

01/20/2026

Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000417

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/07/2026

Resolved

FCRE1198

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) The guideline requirement is XXX months reserves or $XXX. The XXX acct XXX listed in the 1003 reflected funds of $XXX. The asset Statements provided were for an acct ending XXX with available assets of XXX as of XXX.

Document Uploaded.

01/19/2026

Audited Reserves of XX/XX/XXXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s); Lender provided additional assets to cover reserves. Resolved.

01/20/2026

Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000417

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/05/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

No Cure required. HPML with established escrows and appraisal requirements met. Exception downgraded to grade A. This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

HPML compliant

01/08/2026

Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000417

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/07/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/08/2026

Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000488

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/06/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000488

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/06/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000488

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/06/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/07/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

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BRAVO 2026-NQM5 1000516

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/13/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000516

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/13/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000516

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/13/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/14/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000457

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/16/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

01/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 34.92% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 34.92% is less than Guideline LTV of 75%

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BRAVO 2026-NQM5 1000457

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/17/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/19/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 34.92% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 34.92% is less than Guideline LTV of 75%

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BRAVO 2026-NQM5 1000483

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing. Showing evidence that the borrower consented to electronic communication at the time of initial disclosure, XXX/XXX/XXX, may cure the violation.

Document Uploaded.

01/30/2026

Evidence of eConsent is provided.

01/30/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 21.9% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 21.9% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000483

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/28/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 21.9% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 21.9% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000483

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/28/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 21.9% is less than Guideline LTV of 75% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 21.9% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

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BRAVO 2026-NQM5 1000491

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to the addition of a second appraisal fee added to the XX/XX/XXXX revised loan estimate. No explanation or COC provided as to why the second appraisal was required.

Document Uploaded.

01/30/2026

Valid COC provided; exception resolved; Valid COC provided; exception resolved

01/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000491

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Copy of appraisal was provided to borrower and taxes and insurance were escrowed.

HPML compliant

01/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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BRAVO 2026-NQM5 1000491

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/28/2026

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing. Provide eConsent dated on or before XXX/XXX/XXX.

Document Uploaded.

01/30/2026

Evidence of eConsent is provided.

01/30/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000491

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

01/28/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

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BRAVO 2026-NQM5 1000491

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/27/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

01/28/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

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BRAVO 2026-NQM5 1000497

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates. Privacy Policy does not indicate the lender has no affiliates.

Document Uploaded.

02/16/2026

Required Affiliated Business Disclosure Documentation Provided

02/17/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

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BRAVO 2026-NQM5 1000497

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/11/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

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BRAVO 2026-NQM5 1000497

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/11/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

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BRAVO 2026-NQM5 1000497

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. No Cure required. HPML with established escrows and appraisal requirements met. Exception downgraded to a XXX

HPML compliant

02/11/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000497

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/10/2026

Resolved

finding-2502

Compliance

CT Nonprime Home Loan Test

This loan failed the CT nonprime home loan test he loan is a nonprime home loan, as defined in the legislation. For more information please see the XXX Nonprime Home Loan Article section of the full ComplianceAnalyzer report. While the XXX Nonprime Home Loan provisions specify that lenders may lawfully make this type of loan subject to certain conditions, some lenders and secondary market investors may prefer not to fund or buy nonprime home loans even if the additional conditions are met. HPML compliant

HPML compliant

02/11/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000458

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XXX/XXX/XXX, however missing proof of e-consent dated XX/XX/XXXX or before.

Document Uploaded.

02/17/2026

Evidence of eConsent is provided.

02/18/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000458

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/12/2026

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1) sing the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z hile the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. No Cure required. HPML with established escrows and appraisal requirements met. Exception downgraded to a A.

HPML compliant

02/12/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000458

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

02/12/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000458

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

02/11/2026

Resolved

FPRO8998

Property

No Property Findings

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

Informational

02/12/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90%

B

A

A

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000337

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/21/2022

Resolved

2578

Credit

Housing history does not meet guidelines

Housing history does not meet guidelines. Missing updated mortgage verification for XXX loan to XXX; credit report and credit supp pgs XXX and XXX only rated to XXX/XXX- missing October rating for XXX XXX loan.; Exception Resolved.

Change status of 'Housing history does not meet guidelines' from Active to Open Rebuttal.; Lender provided verification.

02/02/2022

Housing delinquency meets guidelines.; Exception Resolved.

02/02/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Original LTV is Below the Guideline Maximum - Calculated LTV is less than Guideline LTV of XXX.; Original CLTV is Below the Guideline Maximum - The compensating factor 'Original CLTV is Below the Guideline Maximum' is removed.; 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 XX/XX/XXXX or $XXX.; Borrower 1 has significant job time - Borrower has XXX years on job; Borrower has stable job time - Borrower has XXX years at job.

D

A

C

A

C

A

D

A

C

A

C

C

C

C

D

C

D

C

C

C

C

C

D

C

D

C

D

C

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000337

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/21/2022

Resolved

2075

Property

Title Issues Present

The following issues were noted: final CD notes XXX liens to be paid off; however title commitment does not show these recorded XXXs/ XXX liens; lender to provide title commitment with each recorded XXXs lien to be paid off; also, city discrepancy between appraisal, commitment, UW XXX and HOI; title commitment to include full address; tax record shows city as XXX, XXX- city to be corrected to XXX and not Independence unless verification provided otherwise. Proof of the following new XXX liens for: XXX XXX, XXX, XXX, XXX, XXX.; Exception Resolved.

Change status of 'Title Issues Present' from Active to Open Rebuttal.; Lender provided documentation.

02/02/2022

Lender provided documentation.; Exception Resolved.

02/02/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Original LTV is Below the Guideline Maximum - Calculated LTV is less than Guideline LTV of XXX.; Original CLTV is Below the Guideline Maximum - The compensating factor 'Original CLTV is Below the Guideline Maximum' is removed.; 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 XX/XX/XXXX or $XXX.; Borrower 1 has significant job time - Borrower has XXX years on job; Borrower has stable job time - Borrower has XXX years at job.

D

A

C

A

C

A

D

A

C

A

C

C

C

C

D

C

D

C

C

C

C

C

D

C

D

C

D

C

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000337

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/21/2022

Resolved

932

Property

Origination Appraisal is Partial

Origination Appraisal is Partial.; Exception Resolved.; Missing appraisal update/ XXX report; subject appraisal in file page XXX is "subject to"; also, need location corrected as "Rural" not suburban as noted in appraisal page XXX Lender to provide approved exception for zoning- as agricultural and outside GLs. Appraiser to provide certificate of occupancy.

Change status of 'Origination Appraisal is Partial' from Active to Open Rebuttal.; Lender provided Completion Report.; Missing appraisal update/ XXX report; subject appraisal in file page XXX is "subject to"; also, need location corrected as "Rural" not suburban as noted in appraisal page XXX Lender to provide approved exception for zoning- as agricultural and outside GLs. Appraiser to provide certificate of occupancy.

02/02/2022

Origination appraisal is Present.; Exception Resolved.

02/02/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Original LTV is Below the Guideline Maximum - Calculated LTV is less than Guideline LTV of XXX.; Original CLTV is Below the Guideline Maximum - The compensating factor 'Original CLTV is Below the Guideline Maximum' is removed.; 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 XX/XX/XXXX or $XXX.; Borrower 1 has significant job time - Borrower has XXX years on job; Borrower has stable job time - Borrower has XXX years at job.

D

A

D

A

C

A

D

A

C

A

C

C

C

C

D

C

D

C

C

C

C

C

D

C

D

C

D

C

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000337

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2022

Resolved

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.; The loan meets all applicable credit guidelines.

Informational

02/02/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Original LTV is Below the Guideline Maximum - Calculated LTV is less than Guideline LTV of XXX.; Original CLTV is Below the Guideline Maximum - The compensating factor 'Original CLTV is Below the Guideline Maximum' is removed.; 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 XX/XX/XXXX or $XXX.; Borrower 1 has significant job time - Borrower has XXX years on job; Borrower has stable job time - Borrower has XXX years at job.

D

A

A

A

C

A

D

A

C

A

C

C

C

C

D

C

D

C

C

C

C

C

D

C

D

C

D

C

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000337

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2022

Resolved

-99953

Compliance

TILA Right of Rescission Test

This loan failed the TILA right of rescission test losed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) he funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last.

This loan passed the TILA right of rescission test losed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) he funding date is not before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last.

03/04/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Original LTV is Below the Guideline Maximum - Calculated LTV is less than Guideline LTV of XXX.; Original CLTV is Below the Guideline Maximum - The compensating factor 'Original CLTV is Below the Guideline Maximum' is removed.; 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 XX/XX/XXXX or $XXX.; Borrower 1 has significant job time - Borrower has XXX years on job; Borrower has stable job time - Borrower has XXX years at job.

D

A

C

A

C

A

D

A

C

A

C

C

C

C

D

C

D

C

C

C

C

C

D

C

D

C

D

C

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000337

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2022

Resolved

-96366

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).; Missing Revised CD showing changes reflected on COC dated XX/XX/XXXX pg XXX in file. Discount points increased and COC provided but missing revised CD that reflects changes.; Tolerance violation for Discount P{points charged to the borrower. No valid COC and redisclosed CD with updated charges XXX days prior to consummation. XXX Lender credit for violation does not suffice. Please provide an updated CD with tolerance cure and copy of check to the borrower or provide the redisclosed CD at least XXX days prior to the loan consummation.

This loan passed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i) lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

03/04/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Original LTV is Below the Guideline Maximum - Calculated LTV is less than Guideline LTV of XXX.; Original CLTV is Below the Guideline Maximum - The compensating factor 'Original CLTV is Below the Guideline Maximum' is removed.; 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 XX/XX/XXXX or $XXX.; Borrower 1 has significant job time - Borrower has XXX years on job; Borrower has stable job time - Borrower has XXX years at job.

D

A

C

A

C

A

D

A

C

A

C

C

C

C

D

C

D

C

C

C

C

C

D

C

D

C

D

C

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000337

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/20/2022

Resolved

-96362

Compliance

Reimbursement Amount Test

This loan failed the reimbursement amount test. (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of XXX is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX efunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than XXX days after consummation, and the creditor complies with §1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than XXX days after consummation.; Missing Revised CD showing changes reflected on COC dated XX/XX/XXXX pg XXX in file. Discount points increased and COC provided but missing revised CD that reflects changes.; Tolerance violation for Discount P{points charged to the borrower. No valid COC and redisclosed CD with updated charges XXX days prior to consummation. XXX Lender credit for violation does not suffice. Please provide an updated CD with tolerance cure and copy of check to the borrower or provide the redisclosed CD at least XXX days prior to the loan consummation.

This loan passed the reimbursement amount test. (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances. However, the provided reimbursement amount of XXX is sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX efunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than XXX days after consummation, and the creditor complies with §1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than XXX days after consummation.

03/04/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Original LTV is Below the Guideline Maximum - Calculated LTV is less than Guideline LTV of XXX.; Original CLTV is Below the Guideline Maximum - The compensating factor 'Original CLTV is Below the Guideline Maximum' is removed.; 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 XX/XX/XXXX or $XXX.; Borrower 1 has significant job time - Borrower has XXX years on job; Borrower has stable job time - Borrower has XXX years at job.

D

A

C

A

C

A

D

A

C

A

C

C

C

C

D

C

D

C

C

C

C

C

D

C

D

C

D

C

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000337

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

01/21/2022

Resolved

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test he loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations.; Missing Revised CD showing changes reflected on COC dated XX/XX/XXXX pg XXX in file. Discount points increased and COC provided but missing revised CD that reflects changes.; Tolerance violation for Discount P{points charged to the borrower. No valid COC and redisclosed CD with updated charges XXX days prior to consummation. XXX Lender credit for violation does not suffice. Please provide an updated CD with tolerance cure and copy of check to the borrower or provide the redisclosed CD at least XXX days prior to the loan consummation.

This compliance test 'Consummation or Reimbursement Date Validation Test' is no longer tested

03/04/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Original LTV is Below the Guideline Maximum - Calculated LTV is less than Guideline LTV of XXX.; Original CLTV is Below the Guideline Maximum - The compensating factor 'Original CLTV is Below the Guideline Maximum' is removed.; 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 XX/XX/XXXX or $XXX.; Borrower 1 has significant job time - Borrower has XXX years on job; Borrower has stable job time - Borrower has XXX years at job.

D

A

C

A

C

A

D

A

C

A

C

C

C

C

D

C

D

C

C

C

C

C

D

C

D

C

D

C

D

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000338

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

03/09/2022

Cleared

3602

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

03/09/2022

Informational

03/09/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX

C

A

A

A

A

A

C

A

A

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

BRAVO 2026-NQM5 1000338

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

03/09/2022

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.; The loan meets all applicable credit guidelines.

03/09/2022

Informational

03/09/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX

C

A

A

A

A

A

C

A

A

A

C

A

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BRAVO 2026-NQM5 1000338

XXXXX

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

03/09/2022

Cleared

2075

Property

Title Issues Present

The following issues were noted: Provide evidence of title policy coverage of $XXX.

Change status of 'Title Issues Present' from Active to Open Rebuttal.; Lender provided title with sufficient coverage amount.

03/14/2022

Exception Resolved.

03/14/2022

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX

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