Verus Securitization Trust 2020-4: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on Verus Securitization Trust 2020-4 (Verus 2020-4 or the Trust), a securitization of a portfolio of primarily fixed- and adjustable-rate, expanded prime and nonprime, first-lien residential mortgages funded by the issuance of the Mortgage Pass-Through Certificates, Series 2020-4 (the Certificates). The Certificates are backed by 1,084 mortgage loans with a total principal balance of $429,454,733 as of the Cut-Off Date (July 1, 2020).