EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.08 - Schedule 2

 

Infinity Loan ID Loan Number Redacted ID Loan Number 2 Borrower Name State QM/ATR Status Initial Overall Loan Grade Final Overall Grade Final Credit Grade Final Property Grade Final Compliance Grade Material (level 3) TRID exception? Material (level 3) Non-TRID exception? Active Material Exceptions Active Non Material Exceptions Satisfied Exceptions Waived Exceptions Compensating Factors Property Type Note Date LTV CLTV Occupancy Purpose Credit Score Brwr 1 Yrs in Property Brwr 1 Occupation Brwr 1 Yrs on Job Total Monthly Income Mortgage History Cash Out Amount DTI FTHB Flag Loan Doc Type Loan Status Review Date
xxx xxx 2173135   xxx Georgia Not Covered/Exempt 1 1 1 1 1 No No           Single Family xxx xxx xxx Investor Cash Out xxx         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 06/02/2026
xxx xxx 2155474   xxx Texas Not Covered/Exempt 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   As per guidelines, the two most recent months of bank statements are required. However, for xxx #xxx, only the statement dated xxx is available in the loan package. Provide a copy of a xxx or latest available bank statement to meet guideline requirements.

04/01/2026 Countered: Require minimum two months of bank statement as per the guideline.

04/02/2026:  Resolved.  Using xxx #xxx for reserves.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   DSCR and Reserves calculation does not reflects Property address. Provide a copy of DSCR and reserves calculation that reflects the property address.

04/01/2026:  Resolved.  Received corrected DSCR & reserves calculation with address
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Borrower has an unsettled collection account. Guidelines require any collection account #xxx to be paid in full prior to closing.


A copy of an exception approval letter is available in the loan file.
FICO: xxx FICO exceeds the guideline requirement of 660.

DSCR: 1.46 DSCR exceeds the guideline requirement of 075.

Reserves: The 25 months of available reserves are more than the guideline requirement of 6 months.

The only derogatory item across all three credit bureaus is this disputed charge-off, which is reporting only by Experian.

Single Family xxx xxx xxx Investor Cash Out xxx         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 04/02/2026
xxx xxx 2151574   xxx Texas Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   xxx (Guarantor #3) has a medical collection reported on his credit file. He has paid and settled the debt directly with the hospital, bypassing the medical collection agency that is reporting the account.The credit bureau is currently in the process of updating the record to reflect the settlement.

A copy of an exception approval letter is available in the loan file.
There are 3 Primary Guarantor on this loan- the first two qualifying middle score’s are xxx (xxx) & xxx (xxx). xxx has a xxx.

The collection is stemming from disputed medical bills, and no other derogatory marks appear on the credit report.

Loan is a cash-out refinance of approximately xxx (owned free and clear).
Single Family xxx xxx xxx Investor Cash Out xxx         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 03/30/2026
xxx xxx 2160483   xxx Kentucky Not Covered/Exempt 1 1 1 1 1 No No           Single Family xxx xxx xxx Investor Cash Out xxx     4   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 04/10/2026
xxx xxx 2155475   xxx Pennsylvania Not Covered/Exempt 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) xxx xxx xxx Investor Purchase xxx   XXXX 5   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 04/01/2026
xxx xxx 2163822   xxx New Jersey Not Covered/Exempt 1 1 1 1 1 No No           Single Family xxx xxx xxx Investor Cash Out xxx     40   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 04/17/2026
xxx xxx 2163821   xxx Kentucky Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide final application for borrower1 date of birth, however credit report & DL reflecting as xxx, final 1003 reflecting as xxx.
05/06/2026:  Resolved.  Received updated 1003
    Single Family xxx xxx xxx Investor Cash Out xxx         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 05/04/2026
xxx xxx 2160484   xxx Georgia Not Covered/Exempt 1 1 1 1 1 No No           Single Family xxx xxx xxx Investor Refinance xxx   XXXX 6   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 04/28/2026
xxx xxx 2167211   xxx Florida Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Missing proof of hazard insurance - EV R
COMMENT:   Missing hazard insurance (final EOI).

05/06/2026:  Resolved.  Received HOI
    Single Family xxx xxx xxx Investor Cash Out xxx         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 05/01/2026
xxx xxx 2173131   xxx Florida Not Covered/Exempt 1 1 1 1 1 No No           Single Family xxx xxx xxx Investor Cash Out xxx         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 06/05/2026
xxx xxx 2173132   xxx Florida Not Covered/Exempt 1 1 1 1 1 No No           Single Family xxx xxx xxx Investor Cash Out xxx         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 06/02/2026
xxx xxx 2167212   xxx Kentucky Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a signed application reflecting the updated declaration for Co-Borrower xxx, changing the U.S. citizenship status from “No” to “Yes.”

05/06/2026:  Resolved.  Received updated 1003.
    Single Family xxx xxx xxx Investor Cash Out xxx         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 05/01/2026
xxx xxx 2173133   xxx Kentucky Not Covered/Exempt 1 1 1 1 1 No No           Single Family xxx xxx xxx Investor Cash Out xxx         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 05/12/2026
xxx xxx 2167213   xxx Kentucky Not Covered/Exempt 1 1 1 1 1 No No           Single Family xxx xxx xxx Investor Cash Out xxx     4   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 05/19/2026
xxx xxx 2167214   xxx Kentucky Not Covered/Exempt 1 1 1 1 1 No No           2 Family xxx xxx xxx Investor Cash Out xxx     4   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
xxx     DSCR QC Complete 05/19/2026
xxx xxx 2167215   xxx Kentucky Not Covered/Exempt 1 1 1 1 1 No No           Single Family xxx xxx xxx Investor Refinance xxx   XXXX 4   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 05/19/2026
xxx xxx 2173134   xxx Kentucky Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Appraisal incomplete (missing map, layout, pages, etc) - EV R
COMMENT:   Page 1 of the appraisal reflects 0.0 bathroom(s); however, the interior photos indicate the presence of 1 bathroom. Please provide a revised appraisal correcting the bathroom count.

06/02/2026: Resolved.
.  Appraiser stated in the Improvements section that the first floor does not have a kitchen or bath.  The lower level has the kitchen and bath.
    Single Family xxx xxx xxx Investor Refinance xxx     4   Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      DSCR QC Complete 05/28/2026