# EDGAR Filing Document

**Accession Number:** 0002076571
**File Stem:** 0001104659-25-067723
**Filing Date:** 2025-7
**Character Count:** 16694
**Document Hash:** 8fa0745caa6aaa62772c8575df5449e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-067723.hdr.sgml**: 20250714

**ACCESSION NUMBER**: 0001104659-25-067723

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250714

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

**FILED AS OF DATE**: 20250714

**DATE AS OF CHANGE**: 20250714

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WCMPL LLC
- **CENTRAL INDEX KEY:** 0002076571

**ORGANIZATION NAME:**
- **EIN:** 392648078
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07853
- **FILM NUMBER:** 251121514

**BUSINESS ADDRESS:**
- **STREET 1:** 1090 WOODWARD AVENUE
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48226
- **BUSINESS PHONE:** 3135664585

**MAIL ADDRESS:**
- **STREET 1:** 1090 WOODWARD AVENUE
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48226
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WCMPL LLC
- **CENTRAL INDEX KEY:** 0002076571

**ORGANIZATION NAME:**
- **EIN:** 392648078
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 1090 WOODWARD AVENUE
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48226
- **BUSINESS PHONE:** 3135664585

**MAIL ADDRESS:**
- **STREET 1:** 1090 WOODWARD AVENUE
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48226
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WCMPL LLC
- **CENTRAL INDEX KEY:** 0002076571

**ORGANIZATION NAME:**
- **EIN:** 392648078
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 1090 WOODWARD AVENUE
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48226
- **BUSINESS PHONE:** 3135664585

**MAIL ADDRESS:**
- **STREET 1:** 1090 WOODWARD AVENUE
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48226

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549** 

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER<br> 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)______________________

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>0002076571</u>

(Exact name of issuing entity as specified in its charter): RCKT Trust 2025-PL1

Central Index Key Number of issuing entity (if applicable): <u>Not applicable</u>

Central Index Key Number of underwriter (if applicable): <u>Not applicable</u>

John Essad (313) 545-5133

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

**INFORMATION TO BE INCLUDED IN THE REPORT**

**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of Third-Party Due Diligence Report Obtained by the Issuer**

Attached as <u>Exhibit 1</u> hereto is an agreed-upon procedures report, dated July 10, 2025, obtained by the securitizer with respect to certain agreed-upon procedures performed by Ernst & Young LLP.

**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.

---

| | | | |
|:---|:---|:---|:---|
| Dated: July 14, 2025 | WCMPL LLC | WCMPL LLC | WCMPL LLC |
|  | (Depositor) | (Depositor) | (Depositor) |
|  | By: Woodward Capital Management LLC, its sole member | By: Woodward Capital Management LLC, its sole member | By: Woodward Capital Management LLC, its sole member |
|  | By: | /s/ John Essad | /s/ John Essad |
|  |  | Name: | John Essad |
|  |  | Title: | Director of Securitization |

---

**EXHIBIT INDEX**

Exhibit number Description <br>[Exhibit 1](tm2520571d1_ex-1.htm) [Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 10, 2025 from Ernst & Young LLP](tm2520571d1_ex-1.htm)

## Ex-1

**Exhibit 1**

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| | | |
|:---|:---|:---|
| ![](tm2520571d1_ex-1img01.jpg) | Ernst & Young LLP<br> One Manhattan West<br> New York, NY 10001<br>| Tel: +1 212 773 3000<br> ey.com |

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**Report of Independent Accountants on Applying Agreed-Upon Procedures**

Woodward Capital Management LLC (the "Sponsor") WCMPL LLC (the "Depositor") 1090 Woodward Avenue, Suite 200 Detroit, Michigan 48226 10 July 2025

---

| | |
|:---|:---|
| Re: | RCKT Trust 2025-PL1 (the "Issuer")**Consumer Loan Asset-Backed Notes (the "Notes")<br> Sample Loan Agreed-Upon Procedures** |

---

We have performed the procedures enumerated in Attachment A, which were agreed to and acknowledged as appropriate by the Sponsor, Depositor, BofA Securities, Inc. and Truist Securities, Inc. (collectively, the "Specified Parties"), for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to a pool of unsecured fixed-rate consumer loans (the "Portfolio Loans") relating to the Issuer's securitization transaction. 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 the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedures. Consequently, we make no representation regarding the appropriateness of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and our associated findings are included in Attachment A.

For the purpose of the procedures described in this report, the Sponsor, on behalf of the Depositor, provided us with:

a. Electronic data files (collectively, the "Provided Data Files"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Labeled "RCKT 2025-PL1 Loan IDs-only.xlsx" and the corresponding record layout and decode information, as applicable (the "Portfolio
Loan Schedule"), that the Sponsor, on behalf of the Depositor, indicated contains a list of loan numbers corresponding to certain
unsecured fixed-rate consumer loans (the "Preliminary Portfolio Loans") that are expected to be representative of the Portfolio
Loans and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Labeled "2025-06-30 - Verification Tape.csv" and the corresponding record layout and decode information, as applicable
(the "Preliminary Data File"), that the Sponsor, on behalf of the Depositor, indicated contains information as of 30 June 2025
(the "Cut-Off Date") relating to the Preliminary Portfolio Loans,

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|:---|:---|
| ![](tm2520571d1_ex-1img01.jpg) | Page 2 of 3 |

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b. Imaged copies of the following items (collectively, the "Source Documents"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The promissory note or other related documents (collectively and as applicable, the "Promissory Note"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Certain printed screen shots of the borrower income summary information or other related documents (collectively and as applicable,
the "Income Summary") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. The borrower credit report or other related documents (collectively and as applicable, the "Credit Report")

as applicable, that the Sponsor, on behalf of the Depositor, indicated relate to each Sample Loan (as defined in Attachment A),

c. A schedule and the corresponding layout and decode information, as applicable (the "Accounts Validation Schedule,"
together with the Source Documents, the "Sources"), that the Sponsor, on behalf of the Depositor, indicated contains current
loan balance, remaining term and loan status information relating to each Sample Loan,

d. The list of relevant characteristics (the "Sample Characteristics") on the Preliminary Data File, which is shown on Exhibit 1
to Attachment A, and

e. Instructions, assumptions and methodologies, which are described in Attachment A.

For the purpose of the procedures described in this report, certain information contained on the Preliminary Data File is the "Subject Matter" as of the date of this report.

The procedures included in Attachment A were limited to comparing, recalculating or observing, as applicable, certain information that is further described in Attachment A. The Depositor is responsible for the Subject Matter, Provided Data Files, Sources, Sample Characteristics and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform, and we have not performed, any procedures other than those listed in Attachment A. We have not verified, and we make no representation as to, the accuracy, completeness or reasonableness of the Portfolio Loan Schedule, Sources or any other information provided to us, or that we were instructed to obtain, as applicable, by the Sponsor, on behalf of the Depositor, upon which we relied in forming our findings. Accordingly, we make no representation and express no opinion or conclusion as to (a) the existence of the Preliminary Portfolio Loans or Portfolio Loans, (b) questions of legal or tax interpretation or (c) the appropriateness, accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by the Sponsor, on behalf of the Depositor, that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (the "AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the AICPA on any of the items referred to herein. 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.

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|:---|:---|
| ![](tm2520571d1_ex-1img01.jpg) | Page 3 of 3 |

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The agreed-upon procedures described in this report were not performed for the purpose of:

a. Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a "rating agency")
or

b. Making any findings with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Whether the origination of the Portfolio Loans conformed to, or deviated from, stated underwriting or credit extension guidelines,
standards, criteria, or other requirements,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The value of the collateral securing the Portfolio Loans,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Whether the originator(s) of the Portfolio Loans complied with federal, state or local laws or regulations or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Any other factor or characteristic of the Portfolio Loans that would be material to the likelihood that the issuer of the Notes will
pay interest and principal in accordance with applicable terms and conditions.

We are required to be independent of the Depositor and to meet our other ethical responsibilities, as applicable, for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedures engagements are less restrictive than independence requirements for audit and other attestation services.

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. It is not intended to be, and should not be, used by any other person or entity, including investors and rating agencies, who are not identified in the report as Specified Parties but who may have access to this report as required by law or regulation.

/s/ Ernst & Young LLP

10 July 2025

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| | |
|:---|:---|
| ![](tm2520571d1_ex-1img01.jpg) | **Attachment A** |

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**<u>Procedures performed and our associated findings</u>**

1. As instructed by the Sponsor, on behalf of the Depositor, we randomly selected a sample of 150 Preliminary Portfolio Loans from
the Portfolio Loan Schedule (the "Sample Loans"). For the purpose of this procedure, the Sponsor, on behalf of the Depositor,
did not inform us as to the basis for how they determined the number of Sample Loans or the methodology they instructed us to use to select
the Sample Loans from the Portfolio Loan Schedule.

For the purpose of the procedures described in this report, the 150 Sample Loans are referred to as Sample Loan Numbers 1 through 150.

2. For each Sample Loan, we compared the Sample Characteristics listed on Exhibit 1 to Attachment A, as shown on the Preliminary
Data File, to the corresponding information located on the Sources, subject to the instructions, assumptions and methodologies provided
by the Sponsor, on behalf of the Depositor, described in the notes to Exhibit 1 to Attachment A. The Source(s) that we were
instructed by the Sponsor, on behalf of the Depositor, to use for each Sample Characteristic are shown on Exhibit 1 to Attachment A.
All such compared information was found to be in agreement.

**Exhibit 1 to Attachment A**

**<u>Sample Characteristics and Sources</u>**

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| | | | |
|:---|:---|:---|:---|
| <br> **Sample Characteristic** | **Preliminary** <br> **Data File Field Name**  | <br> **Source(s)**  | <br> **Note(s)** |
| Loan number | LoanNumber | Promissory Note | i. |
| Original loan balance | OriginalLoanBalance | Promissory Note |  |
| Original term | OriginalTerm | Promissory Note |  |
| Maturity date | MaturityDate | Promissory Note |  |
| Borrower state | BorrowerState | Promissory Note |  |
| Interest rate | InterestRate | Promissory Note |  |
| Current loan balance | CurrentLoanBalance | Accounts Validation Schedule |  |
| Remaining term | Remaining Term | Accounts Validation Schedule |  |
| Loan origination date | LoanOriginationDate | Promissory Note |  |
| Scheduled monthly payment amount | ScheduledMonthlyPaymentAmount | Promissory Note |  |
| Loan status | LoanStatus | Accounts Validation Schedule |  |
| Credit score | CreditScore | Credit Report |  |
| Borrower income | AnnualizedBorrowerIncome | Income Summary | ii. |

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 **<u>Notes</u>:**

i. For identification purposes only.

ii. For the purpose of comparing the borrower income Sample Characteristic for each Sample Loan, the Sponsor,
on behalf of the Depositor, instructed us to ignore differences of +/- $6.00 or less.

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by the Sponsor, on behalf of the Depositor, described in the notes above.