EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.06 - Schedule 1

 

EFMT 2026-NQM11 Rebuttal Findings_Redacted

Seller:

Deal ID:

Total Loan Count: 618

 

  Loans by Grade in Population   Trade Summary  
  Loan Grade Count Percentage   Loan Status Count Percentage  
  1 410 66.34%   Review Complete 610 98.71%  
  2 202 32.69%   In Rebuttal 8 1.29%  
  3 6 0.97%  
 
     
       
 
          Finding Status Final Finding Grade  
  Initial Findings Grade Count Rebuttal Received Responses Given Open Resolved UpHeld Void 3 4 2 1  
  3 542 493 500 6 485 0 0 6 0 119 417  
  4 17 17 17 0 16 0 0 0 0 1 16  
  2 162 11 35 2 10 0 0 0 0 155 7  
  1 1363 18 20 1236 0 0 20 0 0 0 1363  
 
      Initial Finding Grade Final Finding Grade  
  Exceptions Count 3 4 2 3 4 2  
  Compliance 328 191 2 135 5 0 187  
      State Testing - Prepayment Penalty 30 0 0 30 0 0 30  
      TRID - CD - Section B incorrect payee 23 0 0 23 0 0 22  
      HUD1 - Not Final 21 0 0 21 0 0 18  
      TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable 21 21 0 0 0 0 6  
      TRID - Zero Tolerance Violation (No Valid COC) 21 21 0 0 0 0 15  
      Security Instrument - Incomplete 18 14 0 4 1 0 4  
      Security Instrument - Inaccurate 14 8 0 6 0 0 6  
      Security Instrument - Name Discrepancy 14 14 0 0 0 0 0  
      Note - Incomplete 13 13 0 0 0 0 0  
      Flood Insurance - Escrow Notice 13 0 0 13 0 0 13  
      Security Instrument - Missing Rider/Addendum 10 10 0 0 0 0 0  
      TRID - Zero Tolerance Violation (Disclosure Timing Fail) 9 9 0 0 0 0 2  
      TRID - Zero Tolerance Violation (Revised Disclosure Late) 9 9 0 0 0 0 6  
      TRID - 10% Tolerance Violation (No Valid COC) 8 8 0 0 0 0 6  
      HOC - Missing 6 0 0 6 0 0 6  
      Flood Insurance Required 6 0 0 6 0 0 6  
      TRID - CD - Loan Disclosures/Escrow Account 5 0 0 5 0 0 5  
      Compliance Finding - Other 4 4 0 0 3 0 0  
      TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable 4 4 0 0 0 0 2  
      TRID - 10% Tolerance Violation (Disclosure Timing Fail) 4 4 0 0 0 0 1  
      TRID - CD - Revised CD Delivery Date (No Waiting Period) 4 4 0 0 0 0 3  
      TRID - Initial LE/Delivery Date (from application) 4 4 0 0 0 0 1  
      State Regulations 4 0 0 4 0 0 3  
      TRID - CD - Loan Information/Loan Type 4 0 0 4 0 0 4  
      TRID - Loan Estimate/Missing 3 3 0 0 0 0 0  
      TRID - CD - Revised CD Delivery Date (Waiting Period, APR) 3 3 0 0 0 0 2  
      TRID - CD/Lender Credits that Cannot Decrease (No Valid COC) 3 3 0 0 0 0 2  
      TRID - CD/Lender Credits that Cannot Decrease (Revised Disclosure Late) 3 3 0 0 0 0 2  
      TRID - CD/Payee Not Listed 3 0 0 3 0 0 3  
      TRID - CD - $35 Tolerance Threshold/Rescindable 3 3 0 0 0 0 3  
      TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail) 3 3 0 0 0 0 1  
      HOC - Late 2 0 0 2 0 0 2  
      TRID - CD - $100 Tolerance Threshold/Non-Rescindable 2 2 0 0 0 0 2  
      FACTA Disclosure - Missing 2 0 0 2 0 0 2  
      HUD1 - Missing (All) 2 2 0 0 0 0 0  
      Security Instrument - Missing 2 0 2 0 0 0 0  
      Security Instrument - Power of Attorney Missing 2 2 0 0 0 0 0  
      Note - Inaccurate 1 1 0 0 0 0 0  
      ARM Disclosure - Missing 1 1 0 0 0 0 0  
      State Testing - Prohibited Fees 1 0 0 1 0 0 1  
      TRID - CD - Closing Information/Closing Date 1 0 0 1 0 0 1  
      Note - Missing Signature 1 1 0 0 0 0 0  
      State Testing - Late Fees Test 1 0 0 1 0 0 1  
      ARM Index Rate Missing/Invalid  1 1 0 0 0 0 0  
      TRID - LE/Revised Delivery Date (after issue of CD) 1 1 0 0 0 0 1  
      Security Instrument - Missing Signature 1 1 0 0 1 0 0  
      TRID - Zero Tolerance Violation (No COC - Date Undeterminable) 1 1 0 0 0 0 1  
      TRID - CD - Closing Information/Settlement Agent info 1 0 0 1 0 0 1  
      ROR - Timing 1 1 0 0 0 0 1  
      ARM Index Missing 1 1 0 0 0 0 0  
      TRID - CD - Total of Payments (TOP) Non-Rescindable 1 1 0 0 0 0 1  
      Note - Name Discrepancy 1 1 0 0 0 0 0  
      QM - Points and Fees 1 1 0 0 0 0 0  
      QM - Rebuttable Presumption 1 0 0 1 0 0 0  
      Federal - HPML APR/Non-Compliant 1 1 0 0 0 0 0  
      Note - Signature Discrepancy 1 0 0 1 0 0 1  
      State Disclosure - Texas Fair Market Value of Homestead Property Acknowledgement/Missing 1 1 0 0 0 0 0  
      QM - FAIL APR Lending Policy 1 1 0 0 0 0 0  
      ROR - Other 1 1 0 0 0 0 0  
      Compliance Finding - Missing Business Purpose Documentation 1 1 0 0 0 0 0  
      Federal - HOEPA (High Cost)/Points & Fees 1 1 0 0 0 0 0  
      State & Local Predatory Lending 1 1 0 0 0 0 0  
      TRID - Initial LE/Delivery Date (prior to consummation) 1 1 0 0 0 0 0  
  Credit 354 315 15 24 0 0 73  
      DSCR - Program Parameters - Other 53 38 0 15 0 0 18  
      Credit - Other 33 33 0 0 0 0 1  
      Program Parameters - Other 26 20 0 6 0 0 12  
      DSCR - Missing background check 22 22 0 0 0 0 9  
      Hazard Insurance - Missing/Insufficient 14 14 0 0 0 0 0  
      DSCR - Missing Entity Documentation 13 13 0 0 0 0 0  
      Flood Certificate - Missing 10 10 0 0 0 0 0  
      Assets - Minimum Reserves 10 10 0 0 0 0 4  
      Hazard Insurance - All Perils 10 10 0 0 0 0 0  
      Credit Missing - One or More Reports Missing 9 9 0 0 0 0 0  
      Mortgage History - Missing/Incomplete 8 8 0 0 0 0 2  
      Debts - Not Verified 7 7 0 0 0 0 1  
      Program Parameters - LTV 6 5 0 1 0 0 4  
      Program Parameters - Property Type 6 5 0 1 0 0 4  
      Appraisal - Other 6 6 0 0 0 0 0  
      Income - Other 5 1 4 0 0 0 0  
      Assets - Cash to Close 5 5 0 0 0 0 0  
      Assets - Bank Statements 5 0 5 0 0 0 0  
      Assets - Other 5 5 0 0 0 0 1  
      Contract Addendum - Missing 5 5 0 0 0 0 0  
      Final Application - Missing 5 5 0 0 0 0 0  
      Verification Documentation - VOR 4 4 0 0 0 0 0  
      Title Commitment - Missing/Incomplete 4 4 0 0 0 0 0  
      Credit Report - Other 4 4 0 0 0 0 0  
      Condo - Other 4 4 0 0 0 0 1  
      FEMA 3 3 0 0 0 0 0  
      Income - Tax Return Documentation Incomplete 3 3 0 0 0 0 1  
      Appraisal - Appraisal Missing 3 3 0 0 0 0 1  
      Appraisal - Repairs 3 3 0 0 0 0 2  
      Credit Report - Inquiries 3 3 0 0 0 0 0  
      Income - Other/Missing 3 3 0 0 0 0 0  
      Assets - Authorization 2 2 0 0 0 0 0  
      Verification Documentation - VOE Self-Employed/Missing 2 2 0 0 0 0 1  
      Program Parameters - Loan Amount 2 2 0 0 0 0 2  
      Borrower - SS# incorrect 2 2 0 0 0 0 0  
      Condo - Documentation 2 2 0 0 0 0 1  
      Income - Insufficient Documentation 2 2 0 0 0 0 0  
      Final Application - Inaccurate 2 2 0 0 0 0 0  
      Title Commitment - Incorrect 2 0 2 0 0 0 0  
      Assets - Large Deposits/Unacceptable 2 2 0 0 0 0 0  
      Income - Miscalculated/DTI Exceeds Tolerance 2 2 0 0 0 0 0  
      Credit Report - Alerts 2 2 0 0 0 0 0  
      DSCR - Missing HUD 2 2 0 0 0 0 0  
      Credit - OFAC Screening 2 2 0 0 0 0 0  
      Flood Certificate - Incorrect 2 2 0 0 0 0 0  
      Income - Missing or Incomplete Lease Agreement 1 1 0 0 0 0 0  
      Note - Inaccurate 1 1 0 0 0 0 0  
      Sales Contract - Missing/Incomplete 1 1 0 0 0 0 0  
      Income - Business Tax Returns 1 1 0 0 0 0 0  
      Income - Missing P&L 1 1 0 0 0 0 0  
      Appraisal - Missing required 1004 D 1 1 0 0 0 0 0  
      Contract - Missing 1 1 0 0 0 0 0  
      Initial Application - Missing 1 0 1 0 0 0 0  
      AUS (LP/DU) - Missing 1 1 0 0 0 0 0  
      MI - Missing Documentation 1 1 0 0 0 0 1  
      Gift Letter - No Evidence of Funds 1 1 0 0 0 0 0  
      Verification Documentation - VOE/Inaccurate 1 1 0 0 0 0 0  
      Gift Letter - Donor Qualification 1 0 1 0 0 0 0  
      Property listed for sale within 6 months of application date 1 1 0 0 0 0 0  
      Income - W2(s) Missing 1 1 0 0 0 0 0  
      Interested Party Contribution - Exceeds 1 1 0 0 0 0 1  
      DTI - Exceeds Guidelines - originator (not pcqc eligible) 1 1 0 0 0 0 1  
      Verification Documentation - VOE/Missing 1 1 0 0 0 0 0  
      Program Parameters - DTI 1 1 0 0 0 0 0  
      Title Commitment - Other 1 1 0 0 0 0 0  
      Credit Report - Adverse Credit 1 0 1 0 0 0 1  
      Liabilities - Mortgage Payment History 1 1 0 0 0 0 1  
      Contract - Parties 1 1 0 0 0 0 0  
      Borrower - Residency Alien Documentation 1 0 1 0 0 0 0  
      Borrower - Authorization 1 1 0 0 0 0 0  
      Borrower - Identification 1 1 0 0 0 0 0  
      Credit Report - Minimum Trade Lines 1 1 0 0 0 0 1  
      Appraisal - Aged > 120 days 1 1 0 0 0 0 1  
      DSCR - Missing required STR Documents 1 0 0 1 0 0 1  
  Valuation 39 36 0 3 1 0 15  
      Appraisal - Value is not supported within 10% of original appraisal amount 36 36 0 0 1 0 12  
      Appraisal - Value is supported within 10% of original appraisal amount 3 0 0 3 0 0 3