SG UNLOCK FUNDING LLC ABS-15G

Exhibit 99.1

EXECUTIVE SUMMARY
THIRD PARTY DUE DILIGENCE REVIEW

Overview

Maxwell Diligence Solutions, LLC (“MaxDiligence”), a third-party due diligence provider, performed the review described below on behalf of its client, (“Saluda Grade Opportunities Fund LLC”.) The review included a total of 465 originated Home Equity Agreements (HEA), in connection with the securitization identified as (“UNLOK 2025-1”) (the “Securitization”). The review was conducted from December 2024 to June 2025.

Scope of Review

Credit Review

MaxDiligence performed a “Credit Review” to verify compliance with guidelines in effect at the time of loan origination, or other guidelines provided by Client prior to review, and ensure the characteristics used by the underwriter are supported by the file documentation; and determine whether any loans outside of those guidelines contain legitimate and approved exceptions with compensating factors.

The Credit Review attempted to confirm the following:

CREDIT DOCUMENTATION REVIEW

“Credit Document Review” means that Maxwell performed a re-underwriting review of HEAs to verify compliance with the applicable Guidelines in effect at the time of HEA origination and ensure the characteristics used by the underwriter are supported by the file documentation; and that any HEAs outside of those Guidelines contain legitimate and approved exceptions with compensating factors. The Credit Review attempted to confirm the following:

1.           Guidelines Review. Maxwell reviewed the HEA to determine if the HEA was originated in compliance with the applicable Guidelines. Maxwell re-underwrote the HEAs to the Guidelines provided.

2.           Credit Review Documents

As part of the Credit Review, Maxwell reviewed the HEA file to confirm that the documents below, to the extent applicable to the HEA, are included in the HEA file and complete:

a)            Application

b)            Underwriting summary

c)            Lender Approval/may reside in File Worksheet

d)            Credit report including all mortgage pay histories

e)            Letters of Explanation (as required)

f)             Income/Employment documentation, if applicable

g)            Tax Transcripts, if applicable

h)            Asset documentation

i)             Home Insurance Policy

j)             Title Report

k)            Property Valuation present with property valuation tools provided in the file

Valuation Review

MaxDiligence performed a “Valuation Review,” which included the following:

1.           Review original appraisal, determination that property is in "average" condition or better, or property requires cosmetic Appraisal Review.

a)            Each Credit Review includes an “Appraisal Review,” which means that Maxwell performed a review of the property appraisal provided by Client in connection with the HEAs to do the following:

b)           Determine whether the appraised value is supported at or within a 10% variance based on an AVM Report or other third-party valuation product. If an AVM Report or other third-party valuation product is received but notes a variance above 10% or an inconclusive value, a field review was ordered.

c)            Determine whether the property meets Client-supplied eligibility requirements.

d)            Determine whether the appraisal is made on an “As Is” basis or provides satisfactory evidence of completion.

e)            Review appraisal data for consistency with the HEA file documentation.

f)            Validate that zoning is acceptable per Guidelines. That process to arrive at a Starting Home Value was followed in a manner consistent with the Unlock Product Guidelines MaxDiligence applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third party valuation product.

Compliance Review

Not Applicable.

Data Discrepancy

As part of the Credit, Property and Compliance Reviews, MaxDiligence captured data from the source documents and compared it to a data tape provided by Client. MaxDiligence provided Client a Data Discrepancy Report which shows the differences between the tape data and the data captured by MaxDiligence during the diligence process.

Summary of Results

OVERALL RESULTS SUMMARY

After giving consideration to the grading criteria of the relevant NRSROs, 100% of the loans received a grade “A”.

Final Loan Grades

Exception Category Summary

The table below summarizes the individual exceptions which carried an associated “A”, “B”, “C”, or “D” level exception grade. One loan may have carried more than one exception. In such cases, the exception with the lowest grade would drive the loan grade for that particular area of the review. The overall loan grade is the lowest grade for any one particular review scope (ex. a loan with a Credit Grade of “A”, a Compliance Grade of “B”, and a Property Grade of “A” would receive an overall Loan Grade of “B”).

Event Grade Definitions: