Avant Depositor II LLC has taken a significant step in enhancing transparency by filing a report that details the findings of a third-party due diligence provider. This filing, dated October 28, 2026, is crucial as it pertains to the company’s asset-backed securities, specifically the Series 2026-REV2 Asset Backed Notes. The report underscores the importance of due diligence in the asset-backed securities market, which is vital for maintaining investor trust and confidence.

Avant Depositor II LLC operates in the asset-backed securities sector, focusing on consumer loans. The company is incorporated in Delaware and has its business address at 222 W. Merchandise Mart Plaza, Suite 900, Chicago, IL. Its recent filings include multiple ABS-15G forms, with the latest being filed on October 28, 2026, under accession number 0001193125-26-435990.

The latest filing reveals that the report attached as Exhibit 99.1 is an Independent Accountants’ Report from Deloitte & Touche LLP. This report outlines the procedures and findings related to the portfolio of unsecured consumer loans that back the asset-backed notes. The due diligence report is a critical component for investors, as it provides an assessment of the underlying assets and their characteristics.

The filing states, "Attached as Exhibit 99.1 hereto is an Independent Accountants’ Report on Applying Agreed-Upon Procedures, dated October 27, 2026, of Deloitte & Touche LLP, obtained by the issuer, which report sets forth the procedures and findings with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP pertaining to the issuer’s Series 2026-REV2 Asset Backed Notes." This indicates that the company is committed to ensuring that its financial reporting is accurate and transparent.

This filing may affect a variety of stakeholders, including investors, regulatory bodies, and competitors within the asset-backed securities market. Investors will likely scrutinize these findings to assess the risk associated with the securities. Regulatory bodies may also take interest in the thoroughness of the due diligence process, as it reflects compliance with industry standards.

As for what’s next, the filing does not specify any upcoming actions or additional filings beyond this report. However, it sets a precedent for future transparency in the industry, encouraging other companies to adopt similar practices.