Verus Securitization Trust 2021-R1: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on Verus Securitization Trust 2021-R1, a securitization of a portfolio of seasoned fixed- and adjustable-rate, expanded prime and nonprime, first-lien residential mortgages funded by the issuance of the Mortgage Pass-Through Notes, Series 2021-R1 (the Notes). The Notes are backed by 1,656 mortgage loans with a total principal balance of $629,850,548 as of the Cut-Off Date (January 1, 2021).