EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.06 - Schedule 1

 

EFMT 2026-NQM9 Rebuttal Findings_Redacted
Seller:
Deal ID:
Total Loan Count: 470

 

Loans by Grade in Population       Trade Summary
Loan Grade Count Percentage       Loan Status Count Percentage
1 284 60.43%       Review Complete 470 100.00%
2 186 39.57%                    
     

 

 

        Finding Status Final Finding Grade        
Initial Findings Grade Count Rebuttal Received Responses Given Open Resolved UpHeld Void 3 4 2 1        
3 438 407 423 0 366 0 0 0 0 96 342        
4 19 19 19 0 13 0 0 0 0 6 13        
2 159 4 18 0 5 0 0 0 0 157 2        
1 1061 7 8 1021 1 0 7 0 0 1 1060        
                                         
    Initial Finding Grade Final Finding Grade
Exceptions Count 3 4 2 3 4 2
Compliance 288 143 2 143 0 0 165
    TRID - CD - Section B incorrect payee 87 0 0 87 0 0 87
    Compliance Finding - Other 36 36 0 0 0 0 0
    Security Instrument - Inaccurate 20 10 0 10 0 0 10
    TRID - Zero Tolerance Violation (No Valid COC) 13 13 0 0 0 0 6
    Note - Incomplete 11 10 0 1 0 0 1
    Security Instrument - Incomplete 11 11 0 0 0 0 0
    State Testing - Prepayment Penalty 11 0 0 11 0 0 11
    TRID - 10% Tolerance Violation (No Valid COC) 10 9 0 1 0 0 6
    TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable 8 8 0 0 0 0 3
    Security Instrument - Name Discrepancy 8 8 0 0 0 0 0
    HUD1 - Not Final 7 0 0 7 0 0 5
    HOC - Missing 6 0 0 6 0 0 6
    Security Instrument - Missing Rider/Addendum 5 5 0 0 0 0 0
    TRID - CD - Loan Information/Loan Type 5 0 0 5 0 0 5
    TRID - Zero Tolerance Violation (Disclosure Timing Fail) 4 4 0 0 0 0 1
    State Regulations 3 0 0 3 0 0 3
    TRID - Loan Estimate/Missing 3 3 0 0 0 0 0
    TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable 3 3 0 0 0 0 1
    TRID - CD - Loan Disclosures/Escrow Account 3 0 0 3 0 0 3
    Note - Missing 2 0 2 0 0 0 0
    TRID - 10% Tolerance Violation (Disclosure Timing Fail) 2 2 0 0 0 0 1
    TRID - CD - $100 Tolerance Threshold/Non-Rescindable 2 2 0 0 0 0 1
    FACTA Disclosure - Missing 2 0 0 2 0 0 2
    HOC - Late 1 0 0 1 0 0 1
    TRID - Initial LE/Delivery Date (from application) 1 1 0 0 0 0 1
    TRID - LE/Revised Delivery Date (after issue of CD) 1 1 0 0 0 0 1
    Note - Signature Discrepancy 1 0 0 1 0 0 1
    TRID - CD - $35 Tolerance Threshold/Rescindable 1 1 0 0 0 0 1
    TRID - CD - Closing Information/Settlement Agent info 1 0 0 1 0 0 1
    TRID - CD - Total of Payments (TOP) Rescindable 1 1 0 0 0 0 1
    ARM Disclosure - Missing 1 1 0 0 0 0 0
    HMDA - Government Monitoring 1 0 0 1 0 0 1
    Initial Escrow Statement - Missing 1 0 0 1 0 0 1
    TRID - CD - APR Fail/Rescindable 1 1 0 0 0 0 1
    Security Instrument - Trust Missing 1 1 0 0 0 0 0
    TRID - CD - Broker NMLS Missing or Inaccurate 1 1 0 0 0 0 0
    Note - Missing Signature 1 1 0 0 0 0 0
    Security Instrument - Missing Signature 1 1 0 0 0 0 0
    HUD1 - Illegible 1 1 0 0 0 0 1
    QM - Rebuttable Presumption 1 0 0 1 0 0 1
    TRID - Zero Tolerance Violation (No COC - Date Undeterminable) 1 1 0 0 0 0 0
    TRID - CD/Lender Credits that Cannot Decrease (No Valid COC) 1 1 0 0 0 0 0
    ROR - Other 1 1 0 0 0 0 0
    TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail) 1 1 0 0 0 0 0
    QM - Points and Fees 1 1 0 0 0 0 0
    TRID - Zero Tolerance Violation (Revised Disclosure Late) 1 1 0 0 0 0 0
    State Disclosure - Texas Home Equity Loan Consumer Disclosure (12-Day Letter)/Missing 1 1 0 0 0 0 0
    TRID - CD/Payee Not Listed 1 0 0 1 0 0 1
    ROR - Non-Borrower/Missing 1 1 0 0 0 0 0
Credit 315 283 17 15 0 0 91
    DSCR - Program Parameters - Other 39 31 0 8 0 0 12
    Program Parameters - Other 26 19 0 7 0 0 14
    FEMA 19 19 0 0 0 0 0
    Credit - Other 19 19 0 0 0 0 2
    Assets - Minimum Reserves 14 14 0 0 0 0 9
    Flood Certificate - Missing 14 14 0 0 0 0 0
    Title Commitment - Missing/Incomplete 11 11 0 0 0 0 0
    Assets - Other 10 10 0 0 0 0 2
    Assets - Bank Statements 8 1 7 0 0 0 2
    Mortgage History - Missing/Incomplete 8 8 0 0 0 0 1
    Hazard Insurance - All Perils 8 8 0 0 0 0 0
    Debts - Not Verified 7 7 0 0 0 0 0
    Program Parameters - LTV 7 7 0 0 0 0 7
    Contract - Missing 7 7 0 0 0 0 0
    Income - Other 6 1 5 0 0 0 5
    Credit Missing - One or More Reports Missing 6 6 0 0 0 0 1
    Appraisal - Other 6 6 0 0 0 0 3
    Assets - Cash to Close 6 6 0 0 0 0 0
    Income - Other/Missing 5 5 0 0 0 0 3
    Appraisal - Appraisal Missing 5 5 0 0 0 0 1
    Hazard Insurance - Missing/Insufficient 5 5 0 0 0 0 0
    DSCR - Missing background check 5 5 0 0 0 0 0
    DSCR - Missing Entity Documentation 5 5 0 0 0 0 1
    Income - Insufficient Documentation 4 4 0 0 0 0 2
    Contract Addendum - Missing 4 4 0 0 0 0 1
    Income - Missing or Incomplete Lease Agreement 3 3 0 0 0 0 0
    Assets - Large Deposits/Unacceptable 3 3 0 0 0 0 0
    Income - Employment History 3 3 0 0 0 0 2
    Credit Report - Inquiries 2 2 0 0 0 0 1
    Appraisal - Missing required 1004 D 2 2 0 0 0 0 0
    Verification Documentation - VOR 2 2 0 0 0 0 1
    Gift Letter - No Evidence of Funds 2 2 0 0 0 0 1
    Liabilities - Excluded Debts 2 2 0 0 0 0 2
    Borrower - (EAD) Risk Category 2 2 0 0 0 0 1
    Gift Letter - Missing 2 2 0 0 0 0 2
    Credit Report - Other 2 2 0 0 0 0 2
    Program Parameters - DTI 2 2 0 0 0 0 2
    Income - Rental Property Income 1 1 0 0 0 0 0
    Contract - Concessions 1 1 0 0 0 0 0
    Program Parameters - Property Type 1 1 0 0 0 0 1
    Program Parameters - Loan Amount 1 1 0 0 0 0 1
    Appraisal - Borrower Info 1 0 1 0 0 0 0
    Title Commitment - Other 1 1 0 0 0 0 0
    Credit Report - Adverse Credit 1 1 0 0 0 0 1
    Verification Documentation - VOE Self-Employed/Missing 1 1 0 0 0 0 1
    Income - Tax Transcripts Missing 1 1 0 0 0 0 1
    Condo - Documentation 1 1 0 0 0 0 1
    Income - W2(s) Missing 1 1 0 0 0 0 0
    Final Application - Missing 1 1 0 0 0 0 1
    Program Parameters - Credit Score 1 1 0 0 0 0 1
    DTI - Exceeds Guidelines - originator (not pcqc eligible) 1 1 0 0 0 0 0
    Credit Report - Minimum Trade Lines 1 1 0 0 0 0 0
    DSCR - Missing HUD 1 1 0 0 0 0 0
    Assets - Source 1 1 0 0 0 0 0
    Sales Contract - Missing/Incomplete 1 1 0 0 0 0 0
    Borrower - Residency Alien Documentation 1 0 1 0 0 0 0
    Assets - Authorization 1 1 0 0 0 0 0
    Title Commitment - Incorrect 1 0 1 0 0 0 0
    Liabilities - Mortgage Payment History 1 1 0 0 0 0 0
    Appraisal - Repairs 1 1 0 0 0 0 0
    Expired Documents 1 0 1 0 0 0 0
    Initial Application - Missing 1 0 1 0 0 0 0
    Condo - Liability Insurance 1 1 0 0 0 0 0
    Condo - Other 1 1 0 0 0 0 0
    Credit - OFAC Screening 1 1 0 0 0 0 0
    Assets - Cash to Close - Evidence of Liquidation 1 1 0 0 0 0 1
    Gift Letter - Donor Ability 1 1 0 0 0 0 0
    Contract Addendum - Missing Signature(s) 1 1 0 0 0 0 0
    Income - Miscalculated/DTI within Tolerance 1 1 0 0 0 0 1
    Property is currently listed for sale or has been sold 1 1 0 0 0 0 0
    Property listed for sale within 6 months of application date 1 1 0 0 0 0 1
Valuation 14 12 0 1 0 0 4
    Appraisal - Value is not supported within 10% of original appraisal amount 13 12 0 0 0 0 3
    Appraisal - Value is supported within 10% of original appraisal amount 1 0 0 1 0 0 1