EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.3 - Schedule 2

 

 

Loan ID Seller Loan ID Redaction ID Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan Grade Credit Current/Final Loan Grade Compliance Initial Loan Grade Compliance Current/Final Loan Grade Property Initial Loan Grade Property Current/Final Loan Grade Queue Finding Code Date Created Date Modified Finding Status Event Level Initial Finding Grade Current/Final Finding Grade Finding Category Finding Sub Category Finding Name Finding Comments Seller Comments Resolution Comments Reviewer Comp Factor Originator Comp Factors Finding Documents Originator QM Status Final Reviewed QM Status Loan Amount Property State Occupancy Loan Purpose Refinance Purpose Acknowledged / WaivedBy Waiver in File? Unique Finding ID
XXXX XXXX 2088490 D A D A A A A A Closed FCRE1510 2025-09-29 08:26 2025-10-02 10:21 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Confirmed - The legal uploaded is the legal that was recorded with the mortgage - Due Diligence Vendor-10/02/2025

Ready for Review-Document Uploaded. mortgage and legal  - Seller-09/30/2025

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing copy of the Legal Description attached to the Mortgage. - Due Diligence Vendor-09/29/2025
Ready for Review-Document Uploaded. mortgage and legal  - Seller-09/30/2025

Resolved-Confirmed - The legal uploaded is the legal that was recorded with the mortgage - Due Diligence Vendor-10/02/2025

CLTV is less than guidelines maximum - 54.67% CLTV ratio, max allowed is 85%.

Qualifying FICO score is at least 20 points above minimum for program - Score is 738 and minimum allowed is 680
  XXXX QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) XXXX XX Primary Residence Refinance Cash Out - Other N/A N/A XXXX
XXXX XXXX 2088490 D A D A A A A A Closed FCRE5782 2025-09-29 09:53 2025-10-02 10:18 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received Credit refresh report required within 30 days of note date - Due Diligence Vendor-10/02/2025

Ready for Review-Document Uploaded. BORROWER 1 GAP REPORT - Seller-09/30/2025

Open-Borrower 1 Gap Credit Report is Missing.  Gap Report required up to 30 days from the Note on second liens. - Due Diligence Vendor-09/29/2025
Ready for Review-Document Uploaded. BORROWER 1 GAP REPORT - Seller-09/30/2025

Resolved-Received Credit refresh report required within 30 days of note date - Due Diligence Vendor-10/02/2025

CLTV is less than guidelines maximum - 54.67% CLTV ratio, max allowed is 85%.

Qualifying FICO score is at least 20 points above minimum for program - Score is 738 and minimum allowed is 680
  XXXX QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) XXXX XX Primary Residence Refinance Cash Out - Other N/A N/A XXXX
XXXX XXXX 2088490 D A D A A A A A Closed FCRE5783 2025-09-29 09:53 2025-10-02 10:18 Resolved 1 - Information D A Credit Missing Doc Borrower 2 Gap Credit Report is Missing Resolved-Received Credit refresh report required within 30 days of note date - Due Diligence Vendor-10/02/2025

Ready for Review-Document Uploaded. BORROWER 2 GAP - Seller-09/30/2025

Open-Borrower 2 Gap Credit Report is Missing.  Gap Report required up to 30 days from the Note on second liens. - Due Diligence Vendor-09/29/2025
Ready for Review-Document Uploaded. BORROWER 2 GAP - Seller-09/30/2025

Resolved-Received Credit refresh report required within 30 days of note date - Due Diligence Vendor-10/02/2025

CLTV is less than guidelines maximum - 54.67% CLTV ratio, max allowed is 85%.

Qualifying FICO score is at least 20 points above minimum for program - Score is 738 and minimum allowed is 680
  XXXX QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) XXXX XX Primary Residence Refinance Cash Out - Other N/A N/A XXXX
XXXX XXXX 2088489 A A A A A A A A             A A                 XXXX QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) XXXX XX Primary Residence Refinance Cash Out - Other     XXXX
XXXX XXXX 2132294 C B C B A A A A Closed FCRE1505 2026-02-09 16:20 2026-02-11 17:14 Waived 2 - Non-Material C B Credit Eligibility Tradelines do not meet Guideline Requirements Waived--Originator exception granted with compensating factors. Waiver applied to non-material finding. - Due Diligence Vendor-02/11/2026

Ready for Review-Document Uploaded. enclosed was in our file and shows "exception approved" in middle  - Seller-02/09/2026

Open-The Tradelines for the borrower(s) do not meet the guideline requirements. The co-borrower does not meet the minimum tradeline requirement of 4 reporting for 24 months. Minimum 2 tradelines must be currently open & active for 24 months. The co-borrower does not have any open & active tradelines. 1008 indicates an exception was given; however, the exception is not in the file. - Due Diligence Vendor-02/09/2026
Ready for Review-Document Uploaded. enclosed was in our file and shows "exception approved" in middle  - Seller-02/09/2026

Waived--Originator exception granted with compensating factors. Waiver applied to non-material finding. - Due Diligence Vendor-02/11/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.53

CLTV is less than guidelines maximum - Required is 75 Borrower has 58.76
  XXXX QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) XXXX XX Primary Residence Refinance Cash Out - Other Originator Post-Close Yes XXXX
XXXX XXXX 2147740 C A A A C A A A Closed FCOM0013 2026-03-15 14:13 2026-03-19 10:48 Resolved 1 - Information C A Compliance Disclosure Missing e-Consent Resolved-Received acknowledgement of E-Consent. Finding Resolved. - Due Diligence Vendor-03/19/2026

Ready for Review-Document Uploaded. e-consent  - Seller-03/18/2026

Open-Missing e-Consent.  -----Missing proof e-consent was received and agreed upon by borrower.  - Due Diligence Vendor-03/15/2026
Ready for Review-Document Uploaded. e-consent  - Seller-03/18/2026

Resolved-Received acknowledgement of E-Consent. Finding Resolved. - Due Diligence Vendor-03/19/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.67

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 718

CLTV is less than guidelines maximum - Required is 80 Borrower has 39.3
  XXXX QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) XXXX XX Primary Residence Refinance Cash Out - Other N/A N/A XXXX
XXXX XXXX 2158148 C B A A C B A A Closed FCOM1353 2026-04-07 15:55 2026-04-14 16:44 Waived 2 - Non-Material C B Compliance Disclosure Incorrect ROR Form Type selected Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the  Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----Originator waiver applied to non-material findings - Due Diligence Vendor-04/07/2026   Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the  Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----Originator waiver applied to non-material findings - Due Diligence Vendor-04/07/2026

Long term residence - Long Term Residence = 4+ years
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income = $9,753.38; minimum required NONE
Credit history exceeds minimum required - Borrower has established credit since XXXX, guides require 2 years 
  XXXX QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) XXXX XX Primary Residence Refinance Cash Out - Other Originator Post-Close No XXXX