Verus Securitization Trust 2021-R3: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned its provisional ratings to Verus Securitization Trust 2021-R3, 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-Backed Notes, Series 2021-R3 (the Notes). The Notes are backed by 1,187 mortgage loans with a total principal balance of $456,322,141 as of the Cut-Off Date (May 1, 2021).