Exhibit 99.17
EFMT 2025-NQM3 Rebuttal Findings_Redacted
Seller:
Deal ID:
Total Loan Count: 378
| Loans by Grade in Population | Trade Summary Trade Summary | |||||
| Loan Grade | Count | Percentage | Loan Status | Count | Percentage | |
| 1 | 195 | 51.59% | Review Complete | 373 | 98.68% | |
| 2 | 179 | 47.35% | In Rebuttal | 5 | 1.32% | |
| 3 | 4 | 1.06% | ||||
|
| |||||
| Finding Status | Final Finding Grade | ||||||||||
| Initial Findings Grade | Count | Rebuttal Received | Responses Given | Open | Resolved | UpHeld | Void | 3 | 4 | 2 | 1 |
| 3 | 301 | 298 | 299 | 5 | 240 | 0 | 0 | 5 | 0 | 62 | 234 |
| 4 | 8 | 8 | 8 | 0 | 7 | 0 | 0 | 0 | 0 | 1 | 7 |
| 2 | 336 | 144 | 144 | 2 | 141 | 0 | 0 | 0 | 0 | 194 | 142 |
| 1 | 714 | 10 | 10 | 657 | 0 | 0 | 10 | 0 | 0 | 0 | 714 |
| Initial Finding Grade | Final Finding Grade | ||||||
| Exceptions | Count | 3 | 4 | 2 | 3 | 4 | 2 |
| Compliance | 319 | 64 | 1 | 254 | 2 | 0 | 117 |
| Note - Incomplete | 201 | 18 | 0 | 183 | 0 | 0 | 42 |
| Security Instrument - Inaccurate | 25 | 4 | 0 | 21 | 0 | 0 | 21 |
| HUD1 - Not Final | 16 | 0 | 0 | 16 | 0 | 0 | 16 |
| TRID - CD - Section B incorrect payee | 13 | 0 | 0 | 13 | 0 | 0 | 13 |
| Security Instrument - Incomplete | 11 | 11 | 0 | 0 | 1 | 0 | 0 |
| Security Instrument - Missing Rider/Addendum | 9 | 9 | 0 | 0 | 1 | 0 | 0 |
| TRID - CD - Loan Information/Loan Type | 9 | 0 | 0 | 9 | 0 | 0 | 9 |
| Security Instrument - Name Discrepancy | 5 | 5 | 0 | 0 | 0 | 0 | 0 |
| HMDA - Government Monitoring | 3 | 0 | 0 | 3 | 0 | 0 | 3 |
| TRID - CD - Loan Disclosures/Escrow Account | 3 | 0 | 0 | 3 | 0 | 0 | 3 |
| TRID - Zero Tolerance Violation (No Valid COC) | 3 | 3 | 0 | 0 | 0 | 0 | 2 |
| State Regulations | 2 | 0 | 0 | 2 | 0 | 0 | 2 |
| HUD1 - Missing (All) | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Flood Insurance Required | 2 | 0 | 0 | 2 | 0 | 0 | 2 |
| Federal - HPML APR/Non-Compliant | 2 | 2 | 0 | 0 | 0 | 0 | 1 |
| TRID - CD/Lender Credits that Cannot Decrease (No Valid COC) | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Federal - HPML APR/Compliant | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| TRID - Zero Tolerance Violation (Revised Disclosure Late) | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| Note - Trust Not Executed | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Security Instrument - Trust Not Executed | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Note - Name Discrepancy | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| State HPML | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| TRID - CD/Payee Not Listed | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| ROR - Timing | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| TRID - 10% Tolerance Violation (No Valid COC) | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Security Instrument - Missing | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| Credit | 317 | 229 | 7 | 81 | 2 | 0 | 138 |
| DSCR - Program Parameters - Other | 116 | 48 | 0 | 68 | 0 | 0 | 81 |
| Appraisal - Other | 22 | 20 | 0 | 2 | 0 | 0 | 5 |
| DSCR - Missing background check | 17 | 17 | 0 | 0 | 0 | 0 | 0 |
| Credit Report - Other | 14 | 14 | 0 | 0 | 0 | 0 | 0 |
| Program Parameters - Other | 13 | 11 | 0 | 2 | 0 | 0 | 9 |
| Credit - Other | 12 | 12 | 0 | 0 | 0 | 0 | 2 |
| Hazard Insurance - Missing/Insufficient | 10 | 10 | 0 | 0 | 0 | 0 | 0 |
| Program Parameters - LTV | 9 | 9 | 0 | 0 | 1 | 0 | 7 |
| Final Application - Missing | 7 | 7 | 0 | 0 | 0 | 0 | 1 |
| DSCR - Missing Entity Documentation | 6 | 6 | 0 | 0 | 0 | 0 | 0 |
| Assets - Minimum Reserves | 6 | 4 | 0 | 2 | 0 | 0 | 5 |
| Credit Missing - One or More Reports Missing | 6 | 6 | 0 | 0 | 0 | 0 | 1 |
| Hazard Insurance deductible over allowed 5% of coverage amount. | 6 | 6 | 0 | 0 | 0 | 0 | 0 |
| Appraisal - Appraisal Missing | 5 | 5 | 0 | 0 | 0 | 0 | 0 |
| Appraisal - Borrower Info | 5 | 1 | 4 | 0 | 0 | 0 | 1 |
| Program Parameters - Property Type | 4 | 2 | 0 | 2 | 0 | 0 | 4 |
| Appraisal - Missing required 1004 D | 4 | 4 | 0 | 0 | 0 | 0 | 1 |
| Verification Documentation - VOR | 4 | 4 | 0 | 0 | 0 | 0 | 4 |
| Assets - Large Deposits/Unacceptable | 3 | 3 | 0 | 0 | 0 | 0 | 0 |
| Assets - Other | 3 | 3 | 0 | 0 | 0 | 0 | 1 |
| Income - Tax Transcripts Missing | 2 | 2 | 0 | 0 | 0 | 0 | 1 |
| Borrower - Residency Alien Documentation | 2 | 0 | 2 | 0 | 0 | 0 | 1 |
| Income - Rental Property Income | 2 | 2 | 0 | 0 | 1 | 0 | 0 |
| Title Commitment - Missing/Incomplete | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Contract Addendum - Missing | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Income - Other | 2 | 1 | 1 | 0 | 0 | 0 | 1 |
| Income - Other/Missing | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Assets - Cash to Close | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| DTI - Exceeds Guidelines - originator (not pcqc eligible) | 2 | 2 | 0 | 0 | 0 | 0 | 2 |
| Flood Certificate - Missing | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Borrower - Ineligible borrower | 2 | 2 | 0 | 0 | 0 | 0 | 2 |
| Income - Pay Stubs Missing | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| Income - Tax Return Documentation Incomplete | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| Mortgage History - Missing/Incomplete | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Borrower - Identification | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Credit - OFAC Screening | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Sales Contract - Missing/Incomplete | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Contract - Parties | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Appraisal - Repairs | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Condo - Liability Insurance | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Income - Employment History | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| Program Parameters - Cash-Out, Delayed Financing | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| Title Commitment - Other | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Credit Report - Inquiries | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| DSCR - Missing required STR Documents | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Property listed for sale within 6 months of application date | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Program Parameters - DTI | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| Income - Insufficient Documentation | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| Program Parameters - Credit Score | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| Verification Documentation - VVOE Salaried/Missing | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| Credit Report - Alerts | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| FEMA | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Debts - Not Verified | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Verification Documentation - VOE Self-Employed/Missing | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| Valuation | 9 | 8 | 0 | 1 | 1 | 0 | 2 |
| Appraisal - Value is not supported within 10% of original appraisal amount | 8 | 8 | 0 | 0 | 1 | 0 | 1 |
| Appraisal - Value is supported within 10% of original appraisal amount | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
