EFMT DEPOSITOR LLC abs-15g

Exhibit 99.03 - Schedule 1

 

EFMT 2026-NQM5 Rebuttal Findings_Redacted

 

Loans by Grade in Population       Trade Summary
Loan Grade Count Percentage       Loan Status Count Percentage
1 547 67.61%       Review Complete 807 99.75%
2 261 32.26%       In Rebuttal 2 0.25%
3 1 0.12%                    
         

 

        Finding Status Final Finding Grade        
Initial Findings Grade Count Rebuttal Received Responses Given Open Resolved UpHeld Void 3 4 2 1        
3 552 540 550 2 472 0 0 0 0 95 457        
4 14 14 14 0 14 0 0 0 0 0 14        
2 374 149 160 0 143 0 0 0 0 230 144        
1 1806 30 34 1704 3 0 31 1 0 0 1805        
                                         
    Initial Finding Grade Final Finding Grade
Exceptions Count 3 4 2 3 4 2
Compliance 474 162 2 310 0 0 183
    Note - Incomplete 232 30 0 202 0 0 60
    Security Instrument - Inaccurate 33 15 0 18 0 0 18
    State Testing - Prepayment Penalty 28 3 0 25 0 0 26
    Security Instrument - Incomplete 23 23 0 0 0 0 0
    HUD1 - Not Final 23 0 0 23 0 0 23
    TRID - Zero Tolerance Violation (No Valid COC) 13 13 0 0 0 0 9
    Note - Signature Discrepancy 13 3 0 10 0 0 10
    Security Instrument - Name Discrepancy 13 13 0 0 0 0 0
    TRID - 10% Tolerance Violation (No Valid COC) 10 10 0 0 0 0 4
    TRID - CD - Section B incorrect payee 8 0 0 8 0 0 8
    State Testing - Prohibited Fees 7 0 0 7 0 0 7
    TRID - Zero Tolerance Violation (Disclosure Timing Fail) 7 7 0 0 0 0 1
    Security Instrument - Signature Discrepancy 7 4 0 3 0 0 3
    TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable 5 5 0 0 0 0 0
    TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable 5 5 0 0 0 0 0
    Note - Inaccurate 5 3 0 2 0 0 2
    Note - Name Discrepancy 5 5 0 0 0 0 0
    Security Instrument - Missing Rider/Addendum 4 4 0 0 0 0 0
    TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail) 4 4 0 0 0 0 0
    Compliance Finding - Missing Business Purpose Documentation 3 3 0 0 0 0 0
    TRID - Zero Tolerance Violation (Revised Disclosure Late) 2 2 0 0 0 0 1
    HUD1 - Missing (All) 2 2 0 0 0 0 0
    TRID - CD - Loan Information/Loan Type 2 0 0 2 0 0 2
    Security Instrument - Missing 2 0 2 0 0 0 0
    ROR - Timing 2 2 0 0 0 0 0
    TRID - CD - Loan Disclosures/Escrow Account 2 0 0 2 0 0 2
    HOC - Missing 2 0 0 2 0 0 2
    QM - Rebuttable Presumption 1 0 0 1 0 0 0
    TRID - LE/Revised Delivery Date (after issue of CD) 1 1 0 0 0 0 0
    Security Instrument - Missing Signature 1 1 0 0 0 0 0
    TRID - CD - Closing Information/Disbursement Date 1 0 0 1 0 0 1
    Federal - HPML APR/Non-Compliant 1 1 0 0 0 0 0
    State Regulations 1 0 0 1 0 0 1
    HMDA - Government Monitoring 1 0 0 1 0 0 1
    TRID - CD - Broker NMLS Missing or Inaccurate 1 1 0 0 0 0 0
    HUD1 - Incomplete 1 0 0 1 0 0 1
    TRID - CD - $100 Tolerance Threshold/Non-Rescindable 1 1 0 0 0 0 0
    State Testing - Late Fees Test 1 0 0 1 0 0 1
    TRID - Initial LE/Delivery Date (from application) 1 1 0 0 0 0 0
Credit 446 371 12 63 0 0 141
    DSCR - Program Parameters - Other 119 73 0 46 0 0 55
    Program Parameters - Other 45 35 0 10 0 0 29
    Hazard Insurance - All Perils 28 28 0 0 0 0 0
    Hazard Insurance - Missing/Insufficient 19 17 0 2 0 0 3
    DSCR - Missing background check 17 17 0 0 0 0 0
    DSCR - Missing Entity Documentation 16 16 0 0 0 0 0
    Credit - Other 15 15 0 0 0 0 2
    Program Parameters - LTV 15 15 0 0 0 0 12
    Credit Missing - One or More Reports Missing 15 15 0 0 0 0 0
    Debts - Not Verified 10 10 0 0 0 0 1
    Appraisal - Other 10 9 0 1 0 0 3
    Assets - Minimum Reserves 9 9 0 0 0 0 7
    Final Application - Missing 9 9 0 0 0 0 0
    Title Commitment - Missing/Incomplete 7 7 0 0 0 0 0
    Credit Report - Other 7 7 0 0 0 0 2
    Income - Missing or Incomplete Lease Agreement 7 7 0 0 0 0 0
    Program Parameters - Loan Amount 5 5 0 0 0 0 4
    Mortgage History - Missing/Incomplete 5 5 0 0 0 0 1
    Interested Party Contribution - Exceeds 5 5 0 0 0 0 4
    Program Parameters - Property Type 5 5 0 0 0 0 4
    Assets - Bank Statements 5 0 5 0 0 0 0
    Title Commitment - Other 4 4 0 0 0 0 0
    Condo - Other 4 2 0 2 0 0 4
    Income - Other/Missing 3 3 0 0 0 0 0
    Appraisal - Missing required 1004 D 3 3 0 0 0 0 0
    Assets - Cash to Close 3 3 0 0 0 0 0
    Appraisal - Borrower Info 3 1 2 0 0 0 0
    Assets - Other 3 3 0 0 0 0 0
    Credit - OFAC Screening 3 3 0 0 0 0 0
    Verification Documentation - VOE Self-Employed/Missing 3 3 0 0 0 0 0
    Income - Pay Stubs Missing 2 2 0 0 0 0 0
    Program Parameters - Occupancy 2 2 0 0 0 0 1
    Borrower - Residency Alien Documentation 2 0 2 0 0 0 0
    DSCR - Missing HUD 2 2 0 0 0 0 0
    Credit Report - Alerts 2 2 0 0 0 0 0
    Program Parameters - Cash-Out, Delayed Financing 2 2 0 0 0 0 0
    Income - Miscalculated/DTI Exceeds Tolerance 2 2 0 0 0 0 0
    Hazard Insurance deductible over allowed 5% of coverage amount. 2 2 0 0 0 0 1
    Income - Other 2 0 1 1 0 0 1
    Contract - Concessions 2 2 0 0 0 0 2
    Verification Documentation - VOR 2 2 0 0 0 0 1
    HELOC - Closure Letter 2 2 0 0 0 0 0
    Condo - Documentation 1 1 0 0 0 0 0
    Liabilities - Collection Account 1 1 0 0 0 0 1
    Credit Report - Aged 1 0 0 1 0 0 1
    Income - Employment History 1 1 0 0 0 0 1
    Program Parameters - Financed Properties 1 1 0 0 0 0 0
    Assets - Large Deposits/Unacceptable 1 1 0 0 0 0 0
    Verification Documentation - VOE/Missing 1 1 0 0 0 0 0
    Power of Attorney 1 1 0 0 0 0 0
    Assets - Earnest Money Deposit 1 0 1 0 0 0 0
    Property is currently listed for sale or has been sold 1 1 0 0 0 0 0
    DTI - Exceeds Guidelines - originator (not pcqc eligible) 1 1 0 0 0 0 0
    Appraisal - Appraisal Missing 1 1 0 0 0 0 0
    Program Parameters - CLTV 1 1 0 0 0 0 1
    Credit Report - Adverse Credit 1 0 1 0 0 0 0
    Liabilities - Missing Debts/ DTI Exceeds Tolerance 1 1 0 0 0 0 0
    Sales Contract - Missing/Incomplete 1 1 0 0 0 0 0
    Contract Addendum - Missing 1 1 0 0 0 0 0
    Income - Rental Property/Missing Lease 1 1 0 0 0 0 0
    Conflict of Interest 1 1 0 0 0 0 0
    Title Report - Lien Position 1 1 0 0 0 0 0
Valuation 21 19 0 1 1 0 1
    Appraisal - Value is not supported within 10% of original appraisal amount 20 19 0 0 1 0 0
    Appraisal - Value is supported within 10% of original appraisal amount 1 0 0 1 0 0 1