ABS-15G 1 efmt2025inv1-abs15g.htm ASSET-BACKED SECURITIES REPORT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM ABS-15G

ASSET-BACKED SECURITIZER
REPORT PURSUANT TO SECTION 15G OF
THE SECURITIES EXCHANGE ACT OF 1934

EFMT DEPOSITOR LLC

Check the appropriate box to indicate the filing obligation which this form is intended to satisfy:

☐

Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period______________ to _________________

Date of Report (Date of earliest event reported) __________________

Commission File Number of securitizer: __________________

Central Index Key Number of securitizer:__________________

Name and telephone number, including area code, of the person to contact in connection with this filing

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(l) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒

Rule 15Ga-2 under the Exchange Act (17 CPR 240.15Ga-2)

Central Index Key Number of depositor: 0001946154

EFMT 2025-INV1
(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable):

Central Index Key Number of underwriter (if applicable): ________________

Robert A. Catarella, (203) 409-3596

Name and telephone number, including area code, of the person to contact in connection with this filing

PART I: REPRESENTATION AND WARRANTY INFORMATION

Item 1.01

Initial Filing of Rule l5Ga-1 Representations and Warranties Disclosure

Not Applicable

Item 1.02

Periodic Filing of Rule l5Ga-1 Representations and Warranties Disclosure

Not Applicable

Item 1.03

Notice of Termination of Duty to File Reports under Rule l5Ga-1

Not Applicable

PART II – FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS

Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibits to this Form ABS-15G. Please see the Exhibit Index for the related information.

Item 2.02 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Underwriter

Not Applicable

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EFMT DEPOSITOR LLC

	By: ELLINGTON MANAGEMENT GROUP, L.L.C., as its manager

Date: February 12, 2025	/s/ Robert A. Catarella
	Name:  Robert A. Catarella
	Title:    Managing Director

EXHIBIT INDEX

99.01       AMC Diligence, LLC (“AMC”) Narrative

99.02       AMC Rating Agency Grades Report

99.03       AMC Exception Grades Report

99.04       AMC Valuation Summary Report

99.05       AMC Supplemental Data Report

99.06       AMC Business Purposes Report

99.07       Consolidated Analytics, Inc (“CA”) Narrative

99.08       CA MLPSA Extract Report

99.09       CA Exception Report

99.10       CA Rating Agency Grades Report

99.11       CA Valuations Summary Report

99.12       CA Data Compare Report

99.13       Clarifii LLC (“Clarifii”) Narrative

99.14       Clarifii ATR or QM Report

99.15       Clarifii Business Purpose Report

99.16       Clarifii Data Compare Report

99.17       Clarifii Rating Agency Grades Summary Report

99.18       Clarifii Rating Agency Grades Report

99.19       Clarifii Supplemental Data Report

99.20       Clarifii Valuation Report

99.21       Clayton Services LLC (“Clayton”) Narrative

99.22       Clayton Conditions Summary Report

99.23       Clayton Conditions Detail Report

99.24       Clayton Loan Grades Report

99.25       Clayton Loan Level Tape Compare Report

99.26       Clayton Non ATR QM Upload Report

99.27       Clayton RA ATR QM Data Field Report

99.28       Clayton Standard Upload Report

99.29       Clayton Valuations Report

99.30       Digital Risk, LLC (“Digital Risk”) Narrative

99.31       Digital Risk Summary Report

99.32       Digital Risk Loan Summary Report

99.33       Digital Risk Exception Report

99.34       Digital Risk Non-QM Supplemental Report

99.35       Digital Risk Supplemental Report

99.36       Digital Risk Valuation Report

99.37       Digital Risk Rating Agency Grades Report

99.38       Digital Risk DI Due Diligence Standards Report

99.39       Evolve Mortgage Services (“Evolve”) Narrative

99.40       Evolve Rating Agency Grades Report

99.41       Evolve Exception Detail Report

99.42       Evolve Valuation Report

99.43       Evolve Data Compare Report

99.44       Evolve QM or ATR Data Report

99.45       Evolve Business Purpose Report

99.46       Opus Capital Markets Consultants, LLC (“Opus”) Narrative