EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.62

 

 

EFMT 2025-NQM2 Rebuttal Findings 05.29.2025

Seller:

Deal ID:

Total Loan Count: 335

 

 

 

  Loans by Grade in Population       Trade Summary
  Loan Grade Count Percentage       Loan Status Count Percentage
  1 133 39.70%       Review Complete 333 99.40%
  2 202 60.30%       In Rebuttal 2 0.60%
                                             
                       
         
                                             
        Finding Status Final Finding Grade            
Initial Findings Grade Count Rebuttal Received Responses Given Open Resolved UpHeld Void 3 4 2 1            
3 185 185 185 0 149 0 0 0 0 38 147            
4 8 8 8 0 8 0 0 0 0 0 8            
2 261 50 50 2 50 0 0 0 0 210 51            
1 761 3 3 644 0 0 3 0 0 0 761            
                                             
    Initial Finding Grade Final Finding Grade    
Exceptions Count 3 4 2 3 4 2    
Compliance 273 40 1 232 0 0 183    
    Note - Incomplete 199 11 0 188 0 0 140    
    TRID - CD - Loan Information/Loan Type 10 0 0 10 0 0 10    
    Security Instrument - Incomplete 10 2 0 8 0 0 8    
    TRID - CD - Section B incorrect payee 9 0 0 9 0 0 8    
    HUD1 - Not Final 5 0 0 5 0 0 5    
    HMDA - Government Monitoring 5 0 0 5 0 0 5    
    Security Instrument - Missing Rider/Addendum 3 3 0 0 0 0 0    
    Federal - HPML APR/Non-Compliant 3 3 0 0 0 0 0    
    TRID - 10% Tolerance Violation (Disclosure Timing Fail) 2 2 0 0 0 0 0    
    TRID - Initial LE/Delivery Date (from application) 2 2 0 0 0 0 0    
    TRID - Zero Tolerance Violation (Disclosure Timing Fail) 2 2 0 0 0 0 0    
    Security Instrument - Name Discrepancy 2 2 0 0 0 0 0    
    TRID - CD - Loan Disclosures/Escrow Account 2 0 0 2 0 0 2    
    TRID - Zero Tolerance Violation (No Valid COC) 2 2 0 0 0 0 2    
    Flood Insurance Required 2 0 0 2 0 0 2    
    Federal - HPML APR/Compliant 1 0 0 1 0 0 0    
    TRID - CD - Lender NMLS Missing or Inaccurate 1 1 0 0 0 0 0    
    State HPML 1 1 0 0 0 0 0    
    Flood Insurance - Escrow Notice 1 0 0 1 0 0 1    
    HOC - Late 1 0 0 1 0 0 0    
    Compliance Finding - Missing Business Purpose Documentation 1 1 0 0 0 0 0    
    Note - Signature Discrepancy 1 1 0 0 0 0 0    
    Security Instrument - Signature Discrepancy 1 1 0 0 0 0 0    
    TRID - CD - Revised CD Delivery Date (No Waiting Period) 1 1 0 0 0 0 0    
    Note - Missing Signature 1 1 0 0 0 0 0    
    Security Instrument - Missing Signature 1 1 0 0 0 0 0    
    Note - Missing 1 0 1 0 0 0 0    
    Note - Trust Missing 1 1 0 0 0 0 0    
    Security Instrument - Trust Missing 1 1 0 0 0 0 0    
    TRID - Loan Estimate/Missing 1 1 0 0 0 0 0    
Credit 177 142 7 28 0 0 64    
    DSCR - Program Parameters - Other 35 24 0 11 0 0 22    
    Program Parameters - Other 15 7 0 8 0 0 12    
    Credit Report - Other 10 9 0 1 0 0 2    
    Credit - Other 10 10 0 0 0 0 0    
    Final Application - Missing 10 10 0 0 0 0 0    
    Assets - Minimum Reserves 9 9 0 0 0 0 6    
    DSCR - Missing background check 9 9 0 0 0 0 0    
    Appraisal - Other 7 7 0 0 0 0 1    
    Program Parameters - LTV 6 5 0 1 0 0 5    
    Assets - Large Deposits/Unacceptable 5 5 0 0 0 0 0    
    DSCR - Missing Entity Documentation 5 5 0 0 0 0 1    
    Program Parameters - Credit Score 4 0 0 4 0 0 4    
    Hazard Insurance - Missing/Insufficient 4 4 0 0 0 0 1    
    Assets - Other 4 4 0 0 0 0 1    
    Verification Documentation - VOE Self-Employed/Aged 3 0 3 0 0 0 0    
    Gift Letter - No Evidence of Funds 3 3 0 0 0 0 1    
    Assets - Cash to Close 3 3 0 0 0 0 0    
    Assets - Bank Statements 3 2 1 0 0 0 0    
    Income - Other/Missing 2 2 0 0 0 0 2    
    Borrower - Residency Alien Documentation 2 1 1 0 0 0 0    
    Appraisal - Borrower Info 2 0 2 0 0 0 0    
    Title Commitment - Other 2 1 0 1 0 0 1    
    Credit Report - Alerts 2 2 0 0 0 0 0    
    Program Parameters - Property Type 2 1 0 1 0 0 2    
    Verification Documentation - VOR 2 2 0 0 0 0 0    
    Income - Rental Property Income 2 2 0 0 0 0 0    
    Title Commitment - Missing/Incomplete 2 2 0 0 0 0 0    
    Income - Rental Property/Missing Lease 2 2 0 0 0 0 0    
    Debts - Not Verified 2 2 0 0 0 0 0    
    Liabilities - Excluded Debts 1 1 0 0 0 0 1    
    FEMA 1 1 0 0 0 0 0    
    Credit Missing - One or More Reports Missing 1 1 0 0 0 0 0    
    Contract - Concessions 1 1 0 0 0 0 0    
    Credit - OFAC Screening 1 1 0 0 0 0 0    
    Hazard Insurance deductible over allowed 5% of coverage amount. 1 1 0 0 0 0 0    
    Liabilities - Missing Debts/ DTI Exceeds Tolerance 1 1 0 0 0 0 1    
    Sales Contract - Missing/Incomplete 1 1 0 0 0 0 0    
    Income - Tax Transcripts Missing 1 0 0 1 0 0 1    
    Income - Missing or Incomplete Lease Agreement 1 1 0 0 0 0 0    
Valuation 4 3 0 1 0 0 1    
    Appraisal - Value is not supported within 15% of original appraisal amount 3 3 0 0 0 0 0    
    Appraisal - Value is supported within 10% of original appraisal amount 1 0 0 1 0 0 1