# EDGAR Filing Document

**Accession Number:** 0001697553
**File Stem:** 0000947871-25-000875
**Filing Date:** 2025-10
**Character Count:** 17615
**Document Hash:** 86c6b2f246cac1fe41fa29ae61a2719d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000947871-25-000875.hdr.sgml**: 20251001

**ACCESSION NUMBER**: 0000947871-25-000875

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20251001

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20251001

**DATE AS OF CHANGE**: 20251001

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mariner Finance Funding, LLC
- **CENTRAL INDEX KEY:** 0001697553

**ORGANIZATION NAME:**
- **EIN:** 320517219
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-03145
- **FILM NUMBER:** 251365191

**BUSINESS ADDRESS:**
- **STREET 1:** 8211 TOWN CENTER DR
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21236
- **BUSINESS PHONE:** 443-438-2036

**MAIL ADDRESS:**
- **STREET 1:** 8211 TOWN CENTER DR
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21236
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mariner Finance Funding, LLC
- **CENTRAL INDEX KEY:** 0001697553

**ORGANIZATION NAME:**
- **EIN:** 320517219
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 8211 TOWN CENTER DR
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21236
- **BUSINESS PHONE:** 443-438-2036

**MAIL ADDRESS:**
- **STREET 1:** 8211 TOWN CENTER DR
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21236

**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**

Check the appropriate box to indicate the filing obligation to 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)<u> </u>

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)(1) ☐

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 CFR 240.15Ga-2)

Central Index Key Number of depositor: <u>0001697553</u>

**<u>Mariner Finance Funding, LLC</u>**

(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):

**John Morton, (443) 438-2008**

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

**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**

See Independent Accountant's Report on Applying Agreed-Upon Procedures, dated September 30, 2025, furnished as Exhibit 99.1 to this Form ABS-15G.

**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.

---

| |
|:---|
| MARINER FINANCE FUNDING, LLC (Depositor) |
| Date: October 1, 2025 |
| By: /s/ Joshua C. Johnson |
| Name: Joshua C. Johnson |
| Title: President |

---

**EXHIBIT INDEX**

**Exhibit 99.1 Independent Accountant's Report on Applying Agreed-Upon Procedures, dated September 30, 2025**

## Exhibit 99.1

**Independent Accountant's Report**

Board of Directors and Management

WP Raven Acquisition, LLC and Subsidiaries (the Company)

8110 Corporate Drive

Nottingham, MD 21236

And

BMO Capital Markets Corp.

320 South Canal Street, 4<sup>th</sup> Floor

Chicago, IL 60606

And

Citigroup Global Markets Inc.

388 Greenwich Street, 6<sup>th</sup> Floor

New York, NY 10013

And

Wells Fargo Securities, LLC

550 S Tryon Street, 5<sup>th</sup> Floor

Charlotte, NC 28202

And

Goldman Sachs & Co. LLC

200 West Street 7<sup>th</sup> Floor

New York, NY 10282

We have performed the procedures enumerated below on certain records and transactions of the Company for the purpose of assisting the Company, BMO Capital Markets Corp., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, and Goldman Sachs & Co. LLC (collectively, the Specified Parties) in comparing specified attributes to source documents as listed in Exhibit A in connection with the issuance of finance receivable-backed notes issued by Mariner Finance Issuance Trust 2025-B (MFIT 2025-B) in accordance with the confidential Preliminary Private Placement Memorandum dated on or around September 30, 2025. The Company's management is responsible for certain records and transactions of the Company for the purpose of assisting the Specified Parties in comparing specified attributes to source documents as listed in Exhibit A in connection with the issuance of finance receivable-backed notes issued by MFIT 2025-B in accordance with the confidential Preliminary Private Placement Memorandum dated on or around September 30, 2025. The Company is responsible for the computer-generated Loan Data Files accurately representing the information included in the underlying asset documents and the disclosed assumptions and methodologies.

![](image_004.jpg)

The Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting the Specified Parties in comparing specified attributes to source documents as listed in Exhibit A in connection with the issuance of finance receivable-backed notes issued by MFIT 2025-B in accordance with the confidential Preliminary Private Placement Memorandum dated on or around September 30, 2025. Additionally, BMO Capital Markets Corp., Citigroup Global Markets, Inc., Wells Fargo Securities, LLC, and Goldman Sachs & Co, LLC have agreed to and acknowledged that the procedures performed are appropriate to meet their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of this report and may not meet the needs of all of the users of this report, and as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The appropriateness of these procedures for the intended purpose is solely the responsibility of the parties specified in this report. Consequently, we make no representation regarding the appropriateness of the procedures enumerated below either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and associated findings are as follows:

**Agreed-Upon Procedures and Findings**

For the purposes of this report:

(i) The computer-generated Loan Data Files provided in a standard Microsoft Excel format containing information related to the proposed transaction shall be herein referred to as the "Loan Data File."

(ii) The fields in the Loan Data File, signed Contract and signed or electronic credit application shall be herein referred to as "Specified Attributes."

(iii) The term "Contract" means Direct Loan contract, Loan by Mail contract, Indirect Sales Finance Loan contract, or Online Loan contact.

(iv) The term "Customer Service Screen" refers to a screen image or access to the Company's computer systems that the Company's management represented as information from its Contract accounting system (GoldPoint Systems or GPS), which includes the customer's account history and the Specified Attributes related to the Contracts.

(v) The term "Contract File" means any file containing the Contract and credit application; and the term "Obligor" means the borrower(s) stated on the respective Contracts.

(vi) The term "Coupon Rate" means the periodic rate of interest owed by the Obligor on the Contract.

(vii) The term "APR" means annual percentage rate, which is the annual cost of a loan, including interest and other fees.

On September 10th, 2025, the Company provided us with a Loan Data File with a cutoff date of August 31, 2025, (the "August Loan Data File") containing 177,853 individual customer loans herein referred to as "Underlying Assets" that management represented was the entire population of the Underlying Assets in the proposed transaction. At the Specified Parties' request, we selected a random sample of 200 individual customer accounts from the Underlying Assets. We were instructed by the Specified Parties to perform the agreed-upon procedures as outlined in the Engagement Letter dated September 8th, 2025, on the random sample of 200 individual customer accounts. From September 10, 2025 to September 18, 2025, we were provided with the source documents referenced in Exhibit A related to the respective 200 individual customer accounts.

For the sample, we compared the Specified Attributes outlined in Exhibit A and as presented in the August Loan Data File to the corresponding source documents outlined in Exhibit A. For Specified Attributes 1 and 6, for instances where the Account Number with branch or Coupon Rate were not disclosed on the Contract, we compared the Account Number with branch or Coupon Rate (as applicable) from the August Loan Data File to the Customer Service Screen.

In comparing the above Specified Attributes, we applied the following tolerances as instructed by the Specified Parties:

· Monthly payment: +/- $0.50

· APR or Coupon Rate: +/- 2.5 bps

We found all Specified Attributes outlined in Exhibit A to be in agreement to source documents except as follows:

1. One loan had an APR per the August Loan Data File and the Original Loan Disclosure Screen of 29.17% while the APR per the Contract
File was 29.20%. For this Online loan, the monthly payment per the Contract File was marked as an "estimate" and the 29.17%
APR per the August Loan Data File agrees to the Customer Service Screen for the loan.

2. One loan selected had a State per the August Loan Data File was Maryland while the State per the Customer Service Screen and Contract
File was North Carolina. This loan is being serviced by the Company's centralized location in Maryland, while the Obligor is located
in North Carolina.

For the sample, we recalculated the scheduled contract maturity date (Specified Attribute 8) based on the term of the Contract set forth on the August Loan Data File and the due date for the first scheduled principal and interest payment set forth on the August Loan Data File. We then compared our recalculation to the source documents.

In recalculating the scheduled contract maturity date, we applied the following tolerance as instructed by the Specified Parties:

· Maturity date: First payment date used in the calculation +/- 30-day tolerance
of the later of Contract date, delivery date, or purchase date, as applicable.

We identified no exceptions in our comparison of the recalculations to the source documents.

We did not perform any procedures with respect to the Specified Attributes relating to Underlying Assets as set forth in Exhibit B.

We also performed the following on the sample of 200 Underlying Assets:

&nbsp;&nbsp;&nbsp;&nbsp;· Inspected presence of signed or electronic credit application (not required for Loan by Mail Contracts).

&nbsp;&nbsp;&nbsp;&nbsp;· Inspected the presence of and compared Specified Attributes to the Signed Contract.

We identified two exceptions in our inspection procedures outlined above:

We identified the following observation in our inspection procedures outlined above:

![](image_001.jpg)

Observation description number 1 observation description Of the 200 accounts selected, 65 accounts (or32.50% of the sample) were Loan by Mail Contracts which are pre-screened offers sent to the pre-approved prospective and former borrowers. As such, these types of loans do not have a credit application and therefore we were unable to inspect any signed credit applications for these accounts.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on certain records and transactions of the Company for the purpose of assisting the Specified Parties in comparing specified attributes to source documents as listed in Exhibit A in connection with the issuance of finance receivable-backed notes issued by MFIT 2025-B in accordance with the confidential Preliminary Private Placement Memorandum dated on or around September 30, 2025. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

Our agreed-upon procedures engagement was not conducted for the purpose of the following:

&nbsp;&nbsp;&nbsp;&nbsp;· Addressing the completeness, accuracy, appropriateness, quality or integrity of any of the information provided to us for the purposes
of performing the procedures agreed to by the Specified Parties. Had we performed additional procedures, other matters might have come
to our attention that would have been reported to you.

&nbsp;&nbsp;&nbsp;&nbsp;· Addressing the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria
or other requirements.

&nbsp;&nbsp;&nbsp;&nbsp;· Addressing the value of collateral securing the assets being securitized.

&nbsp;&nbsp;&nbsp;&nbsp;· Addressing the physical existence or ownership of the assets being securitized.

&nbsp;&nbsp;&nbsp;&nbsp;· Addressing the compliance of the originator of the assets with federal, state, and local laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;· Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization.

&nbsp;&nbsp;&nbsp;&nbsp;· Addressing any other factor or characteristic of the assets that would be material to the likelihood that the issuer of the asset-backed
security will pay interest and principal in accordance with applicable terms and conditions.

&nbsp;&nbsp;&nbsp;&nbsp;· Forming any conclusions.

&nbsp;&nbsp;&nbsp;&nbsp;· Addressing the fair value of the notes or any other disclosures relating to the notes being offered in the proposed transaction.

&nbsp;&nbsp;&nbsp;&nbsp;· Substantiating compliance with Rule 15Ga-2 of the Securities Exchange Act of 1934, including any legal interpretation as to the sufficiency
of the procedures performed.

&nbsp;&nbsp;&nbsp;&nbsp;· Any other terms or requirements of the transaction that do not appear in the report.

Accordingly, we do not provide any assurance on such information.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the Specified Parties, and is not intended to be, and should not be, used by anyone other than the Specified Parties, including investors and rating agencies, who are not identified as Specified Parties but who may have access to this report as required by law or regulation.

/s/ RSM US LLP

Raleigh, North Carolina

September 30, 2025

**Exhibit A**

Specified Attributes and Source Documents

![](image_002.jpg)

Number Specified Attribute Source Document(s) 1 Account number with branch Contract and Customer Service Screen 2 Amount financed Contract and Customer Service Screen 3 Original term Contract and Customer Service Screen 4 Monthly payment Contract and Customer Service Screen 5 Original APR Contract and Customer Service Screen 6 Coupon (Coupon Rate) Contract and Customer Service Screen 7 State Contract and Customer Service Screen 8 Maturity date Recalculation based on Contract and Customer Service Screen

**Exhibit B**

Specified Attributes Not Subject to Procedures

Below is a list of additional Specified Attributes included in the August Loan Data File. These Specified Attributes were not subject to any procedures as outlined in the Engagement Letter dated September 8, 2025.

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| |
|:---|
| &nbsp;&nbsp;**Specified Attribute** |
| &nbsp;&nbsp;Legal Division Numeric |
| &nbsp;&nbsp;Division_States |
| &nbsp;&nbsp;Branch |
| &nbsp;&nbsp;Loan Type |
| &nbsp;&nbsp;Date Opened |
| &nbsp;&nbsp;Principal Balance |
| &nbsp;&nbsp;Rule 78 GL Unearned Interest |
| &nbsp;&nbsp;Unpaid Principal Balance |
| &nbsp;&nbsp;Original Face Amount |
| &nbsp;&nbsp;Collateral Type |
| &nbsp;&nbsp;Delinquency Category |
| &nbsp;&nbsp;FICO Score |
| &nbsp;&nbsp;Remaining Term |
| &nbsp;&nbsp;Deferral Flag |
| &nbsp;&nbsp;First Payment |
| &nbsp;&nbsp;Current Investor Master |
| &nbsp;&nbsp;Earning Method |

---