EFMT 2026-NQM12 ABS-15G

 

Exhibit 99.06 - Schedule 1

 

EFMT 2026-NQM12 Rebuttal Findings_Redacted
Seller:
Deal ID:
Total Loan Count: 571

 

Loans by Grade in Population       Trade Summary
Loan Grade Count Percentage       Loan Status Count Percentage
1 371 64.97%       Review Complete 568 99.47%
2 200 35.03%       In Rebuttal 3 0.53%
       

 

        Finding Status Final Finding Grade
Initial Findings Grade Count Rebuttal Received Responses Given Open Resolved UpHeld Void 3 4 2 1
3 471 450 462 3 404 0 0 0 0 98 373
4 10 9 10 0 7 0 0 0 0 3 7
2 151 7 24 2 7 0 0 0 0 143 8
1 1272 27 27 1182 2 0 25 0 0 2 1270

 

    Initial Finding Grade Final Finding Grade
Exceptions Count 3 4 2 3 4 2
Compliance 282 149 1 132 0 0 154
    State Testing - Prepayment Penalty 39 0 0 39 0 0 39
    Security Instrument - Inaccurate 36 20 0 16 0 0 16
    TRID - CD - Section B incorrect payee 24 0 0 24 0 0 24
    TRID - Zero Tolerance Violation (No Valid COC) 23 23 0 0 0 0 12
    Note - Incomplete 16 14 0 2 0 0 2
    Security Instrument - Name Discrepancy 16 16 0 0 0 0 0
    Security Instrument - Incomplete 16 10 0 6 0 0 6
    TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable 11 11 0 0 0 0 0
    HUD1 - Not Final 11 0 0 11 0 0 8
    TRID - Zero Tolerance Violation (Revised Disclosure Late) 9 9 0 0 0 0 8
    TRID - 10% Tolerance Violation (No Valid COC) 7 7 0 0 0 0 6
    Flood Insurance - Escrow Notice 7 0 0 7 0 0 7
    TRID - Loan Estimate/Missing 5 5 0 0 0 0 0
    Security Instrument - Missing Rider/Addendum 4 4 0 0 0 0 1
    TRID - Closing Disclosure/Missing 4 4 0 0 0 0 0
    TRID - Zero Tolerance Violation (Disclosure Timing Fail) 3 3 0 0 0 0 0
    Note - Name Discrepancy 3 1 0 2 0 0 2
    HUD1 - Missing (All) 3 3 0 0 0 0 1
    Flood Insurance Required 3 0 0 3 0 0 3
    HOC - Missing 3 0 0 3 0 0 1
    TRID - CD - Loan Disclosures/Escrow Account 3 1 0 2 0 0 2
    TRID - CD - Loan Information/Loan Type 3 0 0 3 0 0 3
    State Regulations 2 0 0 2 0 0 2
    TRID - CD/Payee Not Listed 2 0 0 2 0 0 1
    State HPML 2 0 0 2 0 0 2
    TRID - 10% Tolerance Violation (Disclosure Timing Fail) 2 2 0 0 0 0 0
    TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable 2 2 0 0 0 0 0
    Note - Signature Discrepancy 2 1 0 1 0 0 1
    TRID - CD/Lender Credits that Cannot Decrease (No Valid COC) 2 2 0 0 0 0 0
    Disclosures Federal - Late 2 0 0 2 0 0 2
    Security Instrument - Non-Borrowing Spouse/Missing 1 1 0 0 0 0 0
    State & Local Predatory Lending 1 1 0 0 0 0 0
    Compliance Finding - Missing Business Purpose Documentation 1 1 0 0 0 0 0
    State Testing - Late Fees Test 1 0 0 1 0 0 1
    TRID - CD - Revised CD Delivery Date (Waiting Period, APR) 1 1 0 0 0 0 1
    Security Instrument - Signature Discrepancy 1 1 0 0 0 0 0
    Note - Missing 1 0 1 0 0 0 0
    Initial Escrow Statement - Missing 1 0 0 1 0 0 0
    HUD1 - Incomplete 1 1 0 0 0 0 0
    QM - Rebuttable Presumption 1 0 0 1 0 0 0
    TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail) 1 1 0 0 0 0 0
    TRID - Initial LE/Delivery Date (from application) 1 1 0 0 0 0 0
    TRID - Initial LE/Delivery Date (prior to consummation) 1 1 0 0 0 0 0
    Federal - HOEPA (High Cost)/Points & Fees 1 1 0 0 0 0 0
    HOC - Undated 1 0 0 1 0 0 1
    TRID - Zero Tolerance Violation (No COC - Date Undeterminable) 1 1 0 0 0 0 1
    FACTA Disclosure - Missing 1 0 0 1 0 0 1
Credit 326 299 9 18 0 0 86
    DSCR - Program Parameters - Other 57 47 0 10 0 0 24
    DSCR - Missing background check 24 24 0 0 0 0 0
    Program Parameters - Other 21 16 0 5 0 0 13
    Final Application - Missing 18 18 0 0 0 0 1
    Verification Documentation - VOR 16 16 0 0 0 0 6
    DSCR - Missing Entity Documentation 14 14 0 0 0 0 0
    Credit - Other 13 13 0 0 0 0 2
    Hazard Insurance - All Perils 12 12 0 0 0 0 1
    Assets - Cash to Close 9 9 0 0 0 0 1
    Appraisal - Other 9 9 0 0 0 0 2
    Assets - Minimum Reserves 9 8 0 1 0 0 3
    Program Parameters - LTV 7 7 0 0 0 0 5
    Condo - Documentation 7 7 0 0 0 0 0
    Assets - Bank Statements 6 1 5 0 0 0 2
    Debts - Not Verified 6 6 0 0 0 0 0
    Credit Missing - One or More Reports Missing 5 5 0 0 0 0 0
    Hazard Insurance - Missing/Insufficient 5 5 0 0 0 0 3
    Mortgage History - Missing/Incomplete 5 5 0 0 0 0 3
    Flood Certificate - Missing 4 4 0 0 0 0 0
    Assets - Other 4 4 0 0 0 0 0
    Income - Other 4 0 4 0 0 0 1
    Title Commitment - Missing/Incomplete 3 3 0 0 0 0 0
    Assets - Large Deposits/Unacceptable 3 3 0 0 0 0 0
    Credit - OFAC Screening 3 3 0 0 0 0 0
    Credit Report - Other 3 3 0 0 0 0 0
    Program Parameters - Property Type 3 2 0 1 0 0 3
    Title Commitment - Other 3 3 0 0 0 0 0
    Income - Other/Missing 3 3 0 0 0 0 0
    Income - Insufficient Documentation 3 3 0 0 0 0 0
    Program Parameters - Financed Properties 3 3 0 0 0 0 1
    No Credit Findings 3 3 0 0 0 0 0
    Income - Rental Property/Missing Lease 2 2 0 0 0 0 0
    Income - Business Tax Returns 2 2 0 0 0 0 1
    Verification Documentation - VOE Self-Employed/Missing 2 2 0 0 0 0 0
    Program Parameters - Cash-Out Amount 2 2 0 0 0 0 1
    Borrower - Residency Alien Documentation 2 1 0 1 0 0 2
    Income - Rental Property Income 2 2 0 0 0 0 2
    Assets - Authorization 2 2 0 0 0 0 1
    Program Parameters - Loan Amount 2 2 0 0 0 0 2
    Appraisal - Appraisal Missing 2 2 0 0 0 0 0
    DTI - Exceeds Guidelines - originator (not pcqc eligible) 2 2 0 0 0 0 1
    Contract - Parties 1 1 0 0 0 0 0
    Appraisal - Repairs 1 1 0 0 0 0 1
    Assets - Cash to Close - Evidence of Liquidation 1 1 0 0 0 0 0
    Credit Report - Alerts 1 1 0 0 0 0 0
    Title Report - Lien Position 1 1 0 0 0 0 0
    Contract - Concessions 1 1 0 0 0 0 0
    Borrower - Identification 1 1 0 0 0 0 0
    Borrower - (EAD) Risk Category 1 1 0 0 0 0 0
    Interested Party Contribution - Exceeds 1 1 0 0 0 0 1
    Contract Addendum - Missing 1 1 0 0 0 0 0
    Program Parameters - Credit Score 1 1 0 0 0 0 1
    DSCR - Missing HUD 1 1 0 0 0 0 0
    Income Documentation - Mismatch 1 1 0 0 0 0 0
    Liabilities - Missing Debts/ DTI Exceeds Tolerance 1 1 0 0 0 0 0
    Program Parameters - DTI 1 1 0 0 0 0 1
    Verification Documentation - VOE/Missing 1 1 0 0 0 0 0
    Income - Pay Stubs Missing 1 1 0 0 0 0 0
    Assets - Source 1 1 0 0 0 0 0
    Income - Missing or Incomplete Lease Agreement 1 1 0 0 0 0 0
    Program Parameters - Loan Purpose 1 1 0 0 0 0 1
    Borrower - Ineligible borrower 1 1 0 0 0 0 0
Valuation 26 23 0 1 0 0 6
    Appraisal - Value is not supported within 10% of original appraisal amount 24 23 0 0 0 0 4
    Appraisal - Value is supported within 10% of original appraisal amount 2 0 0 1 0 0 2