EX-33.3 5 d700705dex333.htm EX-33.3 EX-33.3

Exhibit 33.3

 

LOGO

FIRST REPUBLIC BANK

It’s a privilege to serve you*

Management’s Assertion

Management of First Republic Bank (the Bank) is responsible for assessing compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission relating to the servicing of residential mortgage loans serviced for others (the Platform), except for the servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i)(C) and 1122d(4)(xv), which the Bank has determined are not applicable to the activities it performs with respect to the Platform, as of and for the year ended December 31, 2018. Appendix A identifies the individual asset-backed transactions and securities defined by management as constituting the Platform.

With respect to servicing criteria 1122(d)(4)(iv), 1122(d)(4)(xi) and 1122(d)(4)(xii), management has engaged various vendors to perform the activities required by these servicing criteria. The Bank’s management has determined that none of these vendors is considered a “servicer” as defined in Item 1101(j) of Regulation AB, and the Bank’s management has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by the SEC’s Compliance and Disclosure Interpretation (“C&DI”) 200.06, Vendors Engaged by Servicers (C&DI 200.06). Management has policies and procedures in place designed to provide reasonable assurance that the vendors’ activities comply in all material respects with the servicing criteria applicable to each vendor. The Bank’s management is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendors and related criteria.

The Bank’s management has assessed the Bank’s compliance with the applicable servicing criteria as of and for the year ended December 31, 2018. In making this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.

Based on such assessment, management believes that, as of and for the year ended December 31, 2018, the Bank has complied in all material respects with the servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission relating to the servicing of the Platform.

KPMG LLP, an independent registered public accounting firm, has issued an attestation report with respect to the Bank’s compliance with the applicable servicing criteria as of and for the year ended December 31, 2018.

San Francisco • Palo Alto • Los Angeles • Santa Barbara • Newport Beach • San Diego • Portland • Palm Beach • Boston • Greenwich • New York

111 PINE STREET, SAN FRANCISCO, CALIFORNIA 94111, TEL (415) 392-1400 OR (800) 392-1400, FAX (415) 392-1413

WWW.FIRSTREPUBLIC.COM • MEMBER FDIC AND LOGO EQUAL HOUSING LENDER

LOGO

FIRST REPUBLIC BANK

It’s a privilege to serve you*

 

/s/ Michael J. Roffler        

   

2/27/19                         

Michael J. Roffler

   

Date

Executive Vice President and Chief Financial Officer

   

/s/ Nancy Segreto            

   

2/26/19                        

Nancy Segreto

Senior Vice President, Lending Services

   

Date

/s/ John Glander            

   

2/27/19                        

John Glander

Vice President, Lending Strategies, Products, and Sales

   

Date

San Francisco • Palo Alto • Los Angeles • Santa Barbara • Newport Beach • San Diego • Portland • Palm Beach • Boston • Greenwich • New York

111 PINE STREET, SAN FRANCISCO, CALIFORNIA 94111, TEL (415) 392-1400 OR (800) 392-1400, FAX (415) 392-1413

WWW.FIRSTREPUBLIC.COM • MEMBER FDIC AND LOGO EQUAL HOUSING LENDER

First Republic Bank Servicing Portfolio

 

Appendix A to Management Assesment

    Investor #        Investor Name    Loan Count      Balance  

120

    Redwood Trust (Bear Stearns)    17    $ 9,922,194.01  

122

    Sequioa 2007-2    32    $ 29,318,440.13  

123

    SEMT 2007-3    7    $ 8,156,041.77  

124

    CSMC Trust 2014-SAF1    1    $ 712,511.88  

126

    MTGLQ Investors, L.P.    3    $ 1,004,803.26  

127

    CIT Bank    410    $ 298,429,435.19  

128

    Sequoia Mortgage Trust 2014-1    31    $ 25,522,746.19  

129

    STIFEL BANK & TRUST    1016    $     1,093,613,333.58  

131

    Morgan Stanley Mortgage    3    $ 2,432,685.22  

132

    JP Morgan Mortgage Trust 2014-2    229    $ 78,714,627.20  

133

    Sequoia Mortgage Trust 2013-12    23    $ 16,433,796.09  

134

    CSMC 2014-IVR3    49    $ 26,026,719.67  

135

    Citizens Bank, N.A And Various    2    $ 1,229,363.04  

136

    MSRM Loan Trust 2014-1    149    $ 117,188,997.21  

137

    Sequoia Mortgage Trust 2014-3    43    $ 34,307,495.96  

138

    J.P. Morgan Trust 2014-IVR3    46    $ 60,128,591.46  

141

    Delta Community Credit Union    15    $ 13,849,781.66  

142

    Sequoia Mortgage Trust 2013-12    33    $ 29,200,582.91  

143

    CSMC Trust 2014-IVR1    8    $ 6,816,202.38  

145

    JP Morgan Mortgage TR 2014-1    30    $ 24,953,479.29  

146

    Florida Community Bank, N.A.    70    $ 57,123,795.75  

147

    Citizens Bank of Pennsylvania    18    $ 13,794,209.59  

149

    Hudson Valley Bank    4    $ 5,095,580.86  

151

    CMSC Trust 2013-7    1    $ 791,162.00  

152

    Sequoia Mortgage Trust 2013-11    12    $ 9,696,937.98  

153

    Sequoia Mortgage Trust 2013-10    2    $ 989,823.61  

154

    CSMC Trust 2013-6    15    $ 16,676,365.03  

155

    JP Morgan Mortgage Trust 2013-3    98    $ 95,176,259.96  

156

    NRP MortgageTrust2013-1    345    $ 288,489,206.84  

157

    CSMC Trust 2013-HYB1    145    $ 131,783,302.78  

158

    CSMC Trust 2013-IVR4    28    $ 25,989,290.53  

162

    Citigroup Mortgage Loan Trust Series 2005-6    13    $ 5,546,979.08  

163

    SAMI II 2005-AR2    50    $ 40,467,121.50  

164

    MLCC 2005-3    19    $ 11,681,921.37  

165

    MLMI 2005-A10    21    $ 20,967,938.34  

166

    Redwood Residential Acquisition Corp    12    $ 8,956,191.76  

169

    Sequoia Mortgage Trust 2012-1    25    $ 18,592,581.73  

172

    SEMT 2012-2    31    $  24,118,498.36  

173

    SEMT 2013-1    12    $ 12,386,335.33  

174

    Sequoia Mortgage Trust 2012-3    41    $ 35,412,611.59  

175

    Harbor View 2003-2(formerly Greenwich)    4    $ 924,055.17  

176

    Harbor View 2004-1(formerly Greenwich)    13    $ 4,739,106.40  

177

    Harbor View 2004-5(formerly Greenwich)    4    $ 2,330,952.32  

178

    Harbor View 2006-6    1    $ 343,006.20  

181

    Sequoia Mortgage Trust 2012-5    42    $ 35,335,997.08  

182

    Sequoia Mortgage Trust 2013-2    211    $ 175,913,201.25  

183

    Sequoia Mortgage Trust 2013-3    57    $ 48,433,622.75  

184

    Sequoia Mortgage Trust 2013-4    47    $ 45,811,386.13  

185

    MASTI 2003-4 (formerly UBS Warburg)    2    $ 393,017.61  

187

    Sequoia Mortgage Trust 2013-7    10    $ 7,525,964.40  

188

    Sequoia Mortgage Trust 2013-8    4    $ 2,135,136.64  

189

    CSMC Trust 2013-IVR3    25    $ 25,881,817.48  

194

    TIAA-CREF Trust Company, FSB    274    $ 147,920,833.63  

195

    MLMI 2005-A1    8    $ 2,988,433.31  

196

    Merrill Lynch Bank    9    $ 5,490,754.30  

197

    MLCC 2006-2    30    $ 12,587,500.15  

199

    Sequoia Mortgage Trust 2012-4    23    $ 19,823,451.33  

200

    Sequoia Mortgage Trust 2012-6    19    $ 16,687,888.44  

201

    JP Morgan Mortgage Acq. Corp.    274    $ 219,756,264.76  

204

    JP Morgan Mortgage Trust 2013-1    171    $ 85,557,951.09  

207

    CSMC Trust 2013-IVR1    75    $ 58,436,339.21  

209

    CSMC Trust 2013-IVR2    133    $ 111,167,451.94  

215

    Bank United N.A.    5    $ 3,671,171.73  

216

    North Valley Bank    5    $ 4,467,111.86  

217

    Signature Bank    7    $ 11,228,111.44  

244

    CIT Bank    1    $ 256,547.50  

248

    Washington Mutual Bank, Flow Sales (PNC)    1    $ 268,668.78  

250

    CitiMortgage    5    $ 1,119,333.11  

260

    CitiMortgage    11    $ 1,799,354.36  

312

    Residential Funding    7    $ 2,132,325.82  

330

    U.S. Bank    2    $ 130,968.41  

356

    Thornburg 2008-1    1    $ 580,670.07  

357

    Everbank    6    $ 5,578,031.04  

358

    DLJ Mortgage Capital, Inc.    1    $ 1,600,000.00  

First Republic Bank Servicing Portfolio

 

360

    Northfield Bank    173    $ 149,782,745.01  

361

    JP Morgan Trust 2014-OAK4    6    $ 6,296,556.90  

362

    JP Morgan Mortgage Trust 2014-5    133    $ 66,562,230.96  

363

    Sequoia Mortgage Trust 2014-4    92    $ 74,808,449.76  

364

    JP Morgan Mortgage TR2014-IVR6    162    $ 147,098,762.42  

365

    CSMC TRUST 2105-WIN1    5    $ 3,392,188.78  

366

    JP Morgan Mortgage Trust 2015-1    352    $ 325,160,567.12  

367

    Sequoia Mortgage Trust 2015-1    91    $ 69,542,518.40  

368

    Nexbank SSB    803    $     798,888,034.59  

369

    CSMC Trust 2015-1    4    $ 2,618,802.91  

370

    JP Morgan Mortgage TR2015-IVR2    240    $ 205,163,683.60  

371

    CSMC TRUST 2015-2    5    $ 3,995,296.79  

372

    CSMC TRUST 2015-3    5    $ 3,386,720.88  

373

    Dime Bank    19    $ 14,004,754.83  

375

    Sequoia Mortgage Trust 2015-2    16    $ 10,701,671.08  

376

    RWT FINANCIAL, LLC    452    $ 372,498,403.10  

377

    CSMLT 2015-1    17    $ 11,732,742.23  

378

    JP MORGAN MORTGAGE TR 2015-3    75    $ 66,227,287.52  

380

    SEQUOIA MORTGAGE TR 2015-3    38    $ 32,459,898.75  

381

    GUARANTY BANK & TRUST COMPANY    83    $ 61,815,548.50  

382

    CSMLT 2015-2 TRUST    1    $ 633,688.87  

383

    Landmark Community Bank    25    $ 17,653,180.60  

384

    GOLDEN PACIFIC BANK, NA    4    $ 2,415,227.74  

385

    J.P. MORGAN MORTGAGE TR 2015-4    140    $ 102,755,179.25  

386

    J.P. MORGAN MORTGAGE TR 2015-5    222    $ 197,287,904.66  

387

    Colorado Federal Savings Bank    135    $ 157,224,170.19  

390

    J.P. MORGAN MORTGAGE TR 2015-6    67    $ 56,055,498.82  

391

    CSMLT 2015-3 TRUST    15    $ 9,282,240.70  

392

    Sequoia Mortgage Trust 2015-4    44    $ 25,522,522.33  

393

    Broadway Federal Bank    91    $ 77,977,976.62  

394

    Nationstar Mortgage LLC    1    $ 320,674.90  

396

    Ameris Bank    55    $ 52,412,060.07  

397

    Bank of the Cascades    14    $ 10,181,384.93  

398

    Sequoia Mortgage Trust 2016-1    25    $ 18,394,950.39  

399

    ZB, N.A.    224    $ 230,483,807.65  

400

    The Washington Trust Company    34    $ 20,658,444.67  

401

    J.P. Morgan Mortgage TR 2016-1    5    $ 3,901,706.96  

402

    Sequoia Mortgage Trust 2016-2    13    $ 13,721,237.30  

403

    J.P. Morgan Mortgage TR 2016-2    272    $ 208,683,493.34  

404

    TEACHERS INSURANCE AND ANNUITY    122    $ 106,833,574.81  

405

    J.P.MORGAN MORTGAGE TRUST    176    $ 129,546,623.01  

407

    Sequoia Mortgage Trust 2016-3    36    $ 29,962,701.97  

411

    J.P. Morgan Mortgage TR 2016-5    303    $ 247,256,077.20  

412

    Sequoia Mortgage Trust 2017-1    22    $ 17,330,367.45  

414

    Federal Home Mortgage Loan Association    4    $ 158,800.33  

415

    FNMA MBS    3    $ 99,119.42  

421

    THORNBURG MORTGAGE THB2003-2    4    $ 1,140,895.88  

422

    THORNBURG MORTGAGE THB2003-3    1    $ 803,517.32  

423

    THORNBURG MORTGAGE THB2003-4    2    $ 1,791,199.89  

424

    THORNBURG MORTGAGE THB2003-5    7    $ 5,265,984.11  

425

    THORNBURG MORTGAGE THB2003-6    4    $ 1,867,680.96  

426

    THORNBURG MORTGAGE THB2004-1    5    $ 2,175,742.34  

427

    THORNBURG MORTGAGE THB2004-2    10    $ 6,336,447.07  

428

    THORNBURG MORTGAGE THB2004-3    9    $ 5,956,458.00  

429

    THORNBURG MORTGAGE THB2004-4    17    $ 8,335,707.96  

430

    THORNBURG MORTGAGE THB2005-1    30    $ 13,624,406.27  

431

    THORNBURG MORTGAGE THB2005-2    15    $ 6,068,171.72  

432

    THORNBURG MORTGAGE THB2005-3    24    $ 14,157,080.42  

433

    THORNBURG MORTGAGE THB2005-4    6    $ 2,932,950.74  

434

    THORNBURG MORTGAGE THB2006-1    5    $ 5,138,530.17  

435

    THORNBURG MORTGAGE THB2006-2    8    $ 2,995,551.86  

436

    THORNBURG MORTGAGE THB2006-3    9    $ 6,909,012.63  

437

    THORNBURG MORTGAGE THB2006-4    5    $ 1,148,380.91  

438

    THORNBURG MORTGAGE THB2006-5    7    $ 3,539,443.93  

439

    THORNBURG MORTGAGE THB2006-6    23    $ 10,237,759.16  

440

    THORNBURG MORTGAGE THB2007-1    3    $ 3,544,600.14  

441

    THORNBURG MORTGAGE THB2007-2    20    $ 12,543,722.56  

442

    THORNBURG MORTGAGE THB2007-3    7    $ 2,333,749.69  

443

    THORNBURG MORTGAGE THB2007-4    2    $ 341,656.64  

450

    Sequoia Mortgage Trust 2017-2    14    $ 13,494,629.25  

451

    Sequoia Mortgage Trust 2017-3    6    $ 5,496,294.23  

452

    City Ntnl Bank of New Jersey    15    $ 17,595,455.19  

453

    Amalgamated Bank    181    $ 156,012,377.34  

454

    SEMT 2017-4    36    $ 33,247,881.63  

455

    Cathay Bank    84    $ 68,090,950.62  

456

    SEMT 2017-5    101    $ 88,026,789.91  

First Republic Bank Servicing Portfolio

 

457

    SEMT 2017-6    77    $ 62,887,201.11  

458

    J.P. MORGAN MORTGAGE TR 2017-3    6    $ 7,196,639.99  

459

    SEMT 2017-CH1    10    $ 7,128,107.86  

460

    SEMT 2017-7    49    $ 40,995,606.94  

461

    SEMT 2017-CH2    15    $ 11,047,062.48  

462

    BMO Harris Bank NA    83    $ 28,720,470.77  

463

    J.P. Morgan Mortgage Tr 2017-5    362    $ 360,659,577.36  

464

    J.P. Morgan Mortgage Tr 2017-6    5    $ 4,787,329.05  

465

    Sequoia Mortgage Trust 2018-1    57    $ 44,217,213.49  

466

    Sequoia Mortgage Trust 2018-2    24    $ 15,994,873.85  

467

    Sequoia Mortgage Trust 2018-3    14    $ 11,434,990.12  

468

    SEMT 2018-CH1    14    $ 9,630,311.29  

469

    J.P. Morgan Mortgage Tr 2018-3    26    $ 20,589,131.37  

470

    Sequoia Mortgage Trust 2018-4    9    $ 7,379,836.19  

471

    Sequoia Mortgage Trust 2018-5    9    $ 5,637,716.95  

472

    J.P. Morgan Mortgage Tr 2018-4    3    $ 2,019,728.81  

473

    SEMT 2018-CH2    2    $ 1,987,250.92  

474

    SEMT 2018-6    7    $ 6,795,640.99  

475

    JPMMT 2018-7FRB    419    $ 399,506,568.69  

476

    SEMT 2018-CH3    5    $ 3,433,567.05  

477

    SEMT 2018-7    44    $ 40,475,765.20  

478

    JPMMT 2018-9    7    $ 5,352,026.95  

479

    SEMT 2018-7    10    $ 8,122,804.47  

480

    BankUnited N.A.    42    $ 53,735,494.35  

481

    SEMT 2018-CH4    43    $ 38,008,718.42  

510

    CitiMortgage    2    $ 150,313.55  

515

    Fannie Mae-Laser    5159    $     1,584,981,054.27  

516

    Bank of New Canaan    1    $ 1,041,499.81  

770

    Bear Stearns    7    $ 1,611,948.86  

775

    AAR BART 2003-5 (Bear Stearns)    14    $ 3,363,372.27  

777

    HVMLT 2006-13    1    $ 630,701.90  

144

    CSMC Trust 2013-IVR5    0    $ -      

180

    MASTR 2003-5(formerly UBS Warburg)    0    $ -      

192

    CSFB 2004-6    0    $ -      

193

    CSFB 2004-7    0    $ -      

388

    Nationwide Bank    0    $ -      

740

    2001-FRB1 REMIC    0    $ -      

614

    Federal Home Loan Mortgage Association    1    $ 10,622.60  

633

    Chase Mortgage Services, Inc    0    $ -      

636

    Bank United of Florida    0    $ -      

637

    Bank of America    1    $ 16,939.43  
   Total    16,609    $ 11,218,306,962.01