EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.5 - Schedule 1

 

 

EFMT 2026-CES2 Rebuttal Findings 06.03.2026
Seller: 
Deal ID: 
Total Loan Count: 1392
 

 

 
Loans by Grade in Population   Trade Summary  
Loan Grade Count Percentage   Loan Status Count Percentage  
1 832 59.77%   Review Complete 1376 98.85%  
2 547 39.30%   In Rebuttal 16 1.15%  
3 13 0.93%  
 
   
     
 
        Finding Status Final Finding Grade  
Initial Findings Grade Count Rebuttal Received Responses Given Open Resolved UpHeld Void 3 4 2 1  
3 692 653 671 22 598 0 0 22 0 151 519  
4 6 6 6 0 6 0 0 0 0 0 6  
2 478 4 4 3 2 0 0 0 0 477 1  
1 2578 8 10 1688 0 0 10 0 0 0 2578  
 
    Initial Finding Grade Final Finding Grade  
Exceptions Count 3 4 2 3 4 2  
Compliance 833 357 1 475 22 0 551  
    TRID - CD/Payee Not Listed 349 0 0 349 0 0 349  
    TRID - Zero Tolerance Violation (No Valid COC) 70 70 0 0 1 0 41  
    TRID - 10% Tolerance Violation (No Valid COC) 45 45 0 0 0 0 18  
    State Testing - Prohibited Fees 41 0 0 41 0 0 41  
    QM - Points and Fees 39 37 0 2 0 0 2  
    TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable 30 30 0 0 2 0 2  
    State Testing 30 2 0 28 0 0 28  
    Colorado Tangible Net Benefit Disclosure - Signature 21 21 0 0 0 0 0  
    State Testing - Interest Rate 21 0 0 21 0 0 21  
    TRID - Zero Tolerance Violation (Disclosure Timing Fail) 15 15 0 0 4 0 1  
    Security Instrument - Inaccurate 11 10 0 1 0 0 1  
    Security Instrument - Name Discrepancy 10 10 0 0 0 0 0  
    QM - APR Lending Policy 10 10 0 0 1 0 0  
    Security Instrument - Incomplete 10 10 0 0 0 0 0  
    HOC - Missing 7 0 0 7 0 0 7  
    TRID - CD - Revised CD Delivery Date (Waiting Period, APR) 6 6 0 0 4 0 1  
    FACTA Disclosure - Missing 6 0 0 6 0 0 6  
    TRID - 10% Tolerance Violation (Disclosure Timing Fail) 6 6 0 0 4 0 0  
    TRID - Initial LE/Delivery Date (from application) 6 6 0 0 4 0 0  
    ROR- Incorrect Form/Same creditor (H9) version required (circuits 2nd, 5th, 7th, 8th, 9th, 10th, District of Columbia) 6 0 0 6 0 0 6  
    ROR - Timing 5 5 0 0 0 0 1  
    TRID - CD/Lender Credits that Cannot Decrease (No Valid COC) 5 5 0 0 0 0 1  
    TRID - 10% Tolerance Violation (No COC - Date Indeterminable) 5 5 0 0 0 0 0  
    Federal - HPML APR/Non-Compliant 4 4 0 0 0 0 0  
    Rescission Test 4 4 0 0 0 0 0  
    TRID - CD - Closing Information/Disbursement Date 4 0 0 4 0 0 4  
    TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail) 4 4 0 0 1 0 0  
    TRID - CD/Total of Payments Rescindable 4 4 0 0 0 0 2  
    ROR- Incorrect Form/New creditor (H8) version required 4 4 0 0 0 0 3  
    TRID - CD - $35 Tolerance Threshold/Rescindable 3 3 0 0 0 0 2  
    TRID - LE/Revised LE Delivery Date (prior to consummation) 3 3 0 0 0 0 0  
    State Rules Violation 3 3 0 0 0 0 1  
    ROR - Missing 3 3 0 0 0 0 0  
    Note - Trust Not Executed 3 3 0 0 0 0 0  
    Security Instrument - Trust Not Executed 3 3 0 0 0 0 0  
    TRID - CD - Revised CD Delivery Date (No Waiting Period) 3 3 0 0 1 0 0  
    TRID - CD - Closing Information/Closing Date 3 0 0 3 0 0 3  
    State Testing - Late Fees Test 2 0 0 2 0 0 2  
    TRID - Zero Tolerance Violation (Revised Disclosure Late) 2 2 0 0 0 0 1  
    TRID - Zero Tolerance Violation (No COC - Date Undeterminable) 2 2 0 0 0 0 0  
    TRID - CD - Non-Borrower with Right to Rescind 2 2 0 0 0 0 0  
    ROR- Incorrect Form/Same creditor (H9) version required (3rd circuit and CA) 2 2 0 0 0 0 2  
    Security Instrument - Missing Signature 2 2 0 0 0 0 0  
    State Disclosure - Texas Home Equity Loan Consumer Disclosure (12-Day Letter)/Missing 2 2 0 0 0 0 0  
    Note - Incomplete / Inaccurate 1 0 0 1 0 0 1  
    ROR - Other 1 0 0 1 0 0 1  
    TRID - CD - Closing Information/Property Address 1 0 0 1 0 0 1  
    State Disclosure - Colorado Tangible Net Benefit Disclosure/Signature 1 1 0 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  
    Note - Missing Signature 1 1 0 0 0 0 0  
    TRID - 10% Tolerance Violation (Revised Disclosure Late) 1 1 0 0 0 0 1  
    Security Instrument - Signature Discrepancy 1 1 0 0 0 0 0  
    Federal - HOEPA (High Cost)/Points & Fees 1 1 0 0 0 0 0  
    TRID - LE/Missing 1 1 0 0 0 0 0  
    TRID - Closing Disclosure/Missing 1 1 0 0 0 0 0  
    Right to Rescind  Missing 1 0 1 0 0 0 0  
    TRID - LE/Revised Delivery Date and Rate Lock 1 1 0 0 0 0 0  
    HOC - Late 1 0 0 1 0 0 0  
    State Testing - Texas High Cost & Antipredatory Lending/Total Indebtedness Test 1 1 0 0 0 0 0  
    TRID - CD - Section B incorrect payee 1 0 0 1 0 0 1  
Credit 324 318 5 1 0 0 69  
    Debts - Not Verified 40 40 0 0 0 0 5  
    Title Commitment - Missing/Incomplete 20 20 0 0 0 0 0  
    Title Commitment - Other 20 20 0 0 0 0 0  
    DTI - Exceeds Guidelines - originator (not pcqc eligible) 18 18 0 0 0 0 13  
    Verification Documentation - VVOE Salaried/Missing 17 17 0 0 0 0 0  
    Hazard Insurance - Missing/Insufficient 15 15 0 0 0 0 0  
    Hazard Insurance - All Perils 14 14 0 0 0 0 0  
    Program Parameters - DTI 13 13 0 0 0 0 12  
    Credit - Other 12 12 0 0 0 0 0  
    HELOC - Closure Letter 12 12 0 0 0 0 0  
    Credit Missing - One or More Reports Missing 11 11 0 0 0 0 5  
    Program Parameters - CLTV 9 9 0 0 0 0 5  
    Income - Insufficient Documentation 8 8 0 0 0 0 0  
    Program Parameters - Other 8 8 0 0 0 0 4  
    Program Parameters - Occupancy 7 7 0 0 0 0 7  
    Income - Missing 7 7 0 0 0 0 0  
    Appraisal - Other 6 6 0 0 0 0 0  
    Income - Other/Missing 6 6 0 0 0 0 0  
    Income - Tax Return Documentation Incomplete 5 5 0 0 0 0 1  
    Income - W2(s) Missing 5 5 0 0 0 0 0  
    Income - Other 5 1 4 0 0 0 0  
    Flood Certificate - Missing 4 4 0 0 0 0 0  
    Verification Documentation - VOE/Missing 4 4 0 0 0 0 0  
    Income - Miscalculated/DTI Exceeds Tolerance 4 4 0 0 0 0 3  
    Program Parameters - Loan Amount 3 3 0 0 0 0 3  
    Income - Social Security/Pension 3 3 0 0 0 0 0  
    Program Parameters - Property Type 3 3 0 0 0 0 3  
    Final Application - Missing 3 2 0 1 0 0 1  
    Assets - Cash to Close 3 3 0 0 0 0 0  
    Appraisal - Missing required 1004 D 2 2 0 0 0 0 0  
    Condo - Documentation 2 2 0 0 0 0 0  
    Verification Documentation - VOE Self-Employed/Missing 2 2 0 0 0 0 0  
    Income - Tax Transcripts Missing 2 2 0 0 0 0 0  
    Liabilities - Excluded Debts 2 2 0 0 0 0 2  
    Mortgage History - Missing/Incomplete 2 2 0 0 0 0 0  
    Program Parameters - Credit Score 2 2 0 0 0 0 1  
    Income - Business Tax Returns 2 2 0 0 0 0 0  
    Income - Pay Stubs Missing 2 2 0 0 0 0 0  
    Verification - Employment History 2 2 0 0 0 0 0  
    Appraisal - Appraisal Missing 2 2 0 0 0 0 0  
    Condo - Other 2 2 0 0 0 0 0  
    Liabilities - Missing Debts/ DTI Exceeds Tolerance 2 2 0 0 0 0 2  
    Verification Documentation - VVOE Salaried/Aged 2 2 0 0 0 0 0  
    Income Documentation - Violation 1 0 1 0 0 0 0  
    Credit Report - Alerts 1 1 0 0 0 0 0  
    Borrower - (EAD) Risk Category 1 1 0 0 0 0 0  
    Debts - Federal Debt 1 1 0 0 0 0 0  
    Borrower - Residency Alien Documentation 1 1 0 0 0 0 0  
    Occupancy Status 1 1 0 0 0 0 0  
    Final Application - Inaccurate 1 1 0 0 0 0 0  
    Program Parameters - LTV 1 1 0 0 0 0 1  
    Credit Report - Other 1 1 0 0 0 0 1  
    Income - Rental Property Income 1 1 0 0 0 0 0  
    Condo - HOA Dues 1 1 0 0 0 0 0  
Valuation 19 17 0 2 0 0 8  
    Appraisal - Value is not supported within a 10% variance 17 17 0 0 0 0 6  
    Appraisal - Value is supported within 10% of original appraisal amount 2 0 0 2 0 0 2