EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.31

EFMT 2025-INV1 Redacted Rebuttal Findings 02.11.2025

Seller: 

Deal ID: 

Total Loan Count: 547

Loans by Grade in Population			Trade Summary
Loan Grade	Count	Percentage	Loan Status	Count	Percentage
1	200	36.56%	Review Complete	547	100.00%
2	347	63.44%

				Finding Status				Final Finding Grade
Initial Findings Grade	Count	Rebuttal Received	Responses Given	Open	Resolved	UpHeld	Void	3	4	2	1
3	393	393	393	1	313	0	0	0	0	80	313
4	19	19	19	0	17	0	0	0	0	3	16
2	496	122	122	0	122	0	0	0	0	374	122
1	1106	14	15	859	2	0	13	0	0	0	1106

		Initial Finding Grade	Final Finding Grade
Exceptions	Count	3	4	2	3	4	2
Compliance	508	66	6	436	0	0	316
Note - Incomplete	446	29	0	417	0	0	295
Security Instrument - Incomplete	11	11	0	0	0	0	1
Compliance Finding - Missing Business Purpose Documentation	9	9	0	0	0	0	0
Security Instrument - Name Discrepancy	8	8	0	0	0	0	0
Flood Insurance - Escrow Notice	8	0	0	8	0	0	8
HUD1 - Not Final	6	0	0	6	0	0	6
HMDA - Government Monitoring	5	0	0	5	0	0	5
Note - Missing	3	0	3	0	0	0	0
Security Instrument - Missing	3	0	3	0	0	0	1
Security Instrument - Inaccurate	2	2	0	0	0	0	0
HUD1 - Missing (All)	2	2	0	0	0	0	0
Note - Trust Missing	1	1	0	0	0	0	0
Security Instrument - Trust Missing	1	1	0	0	0	0	0
Note - Signature Discrepancy	1	1	0	0	0	0	0
Note - Address Discrepancy	1	1	0	0	0	0	0
Security Instrument - Property Address Discrepancy	1	1	0	0	0	0	0
Credit	391	318	13	60	0	0	139
DSCR - Program Parameters - Other	174	125	0	49	0	0	77
DSCR - Missing background check	32	32	0	0	0	0	0
Borrower - Residency Alien Documentation	21	14	7	0	0	0	0
Program Parameters - Other	15	11	0	4	0	0	10
DSCR - Missing Entity Documentation	11	10	0	1	0	0	1
FEMA	11	11	0	0	0	0	0
Credit - Other	11	11	0	0	0	0	2
Appraisal - Other	10	9	0	1	0	0	3
Program Parameters - LTV	8	6	0	2	0	0	7
Assets - Minimum Reserves	7	7	0	0	0	0	3
Appraisal - Borrower Info	5	2	3	0	0	0	1
Borrower - Identification	5	5	0	0	0	0	2
Liabilities - Mortgage Payment History	5	5	0	0	0	0	3
Assets - Bank Statements	5	3	2	0	0	0	3
Program Parameters - Property Type	5	4	0	1	0	0	5
Assets - Cash to Close	5	5	0	0	0	0	1
Mortgage History - Missing/Incomplete	4	3	0	1	0	0	1
Assets - Other	4	4	0	0	0	0	1
Hazard Insurance - Missing/Insufficient	4	4	0	0	0	0	0
Hazard Insurance deductible over allowed 5% of coverage amount.	4	4	0	0	0	0	4
Credit - OFAC Screening	4	4	0	0	0	0	0
Credit Missing - One or More Reports Missing	4	4	0	0	0	0	1
Appraisal - Appraisal Missing	3	3	0	0	0	0	1
Final Application - Missing	3	3	0	0	0	0	1
Credit Report - Other	3	3	0	0	0	0	2
Income - Missing or Incomplete Lease Agreement	2	2	0	0	0	0	0
Income - Rental Property/Missing Lease	2	2	0	0	0	0	0
Contract Addendum - Missing	2	2	0	0	0	0	0
Credit Report - Adverse Credit	2	2	0	0	0	0	0
Assets - Large Deposits/Unacceptable	2	2	0	0	0	0	1
Note - Inaccurate	2	2	0	0	0	0	0
Borrower - Ineligible borrower	1	1	0	0	0	0	1
Interested Party Contribution - Exceeds	1	1	0	0	0	0	1
Liabilities - Derogatory Credit Event	1	1	0	0	0	0	1
Occupancy Status	1	1	0	0	0	0	0
Program Parameters - Cash-Out Amount	1	1	0	0	0	0	0
Debts - Not Verified	1	1	0	0	0	0	0
Assets - Authorization	1	1	0	0	0	0	0
Assets - Large Deposits/Acceptable	1	1	0	0	0	0	1
Program Parameters - Credit Score	1	1	0	0	0	0	1
DSCR - Missing required STR Documents	1	1	0	0	0	0	1
Appraisal - Missing required 1004 D	1	1	0	0	0	0	0
Borrower - SS# incorrect	1	1	0	0	0	0	1
Assets - Investment Property Reserves	1	0	1	0	0	0	1
Income - Other	1	1	0	0	0	0	0
Assets - Source	1	1	0	0	0	0	0
Property listed for sale within 6 months of application date	1	0	0	1	0	0	1
Valuation	9	9	0	0	0	0	2
Appraisal - Value is not supported within 15% of original appraisal amount	9	9	0	0	0	0	2