EX-33 5 ck0001564968-ex33_3.htm EX-33.3 EX-33

 

 

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 1122(d)(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, 2022. 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, 2022. 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, 2022, 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, 2022.

 

 

 

 

 

/s/ Neil Holland

 

2/27/2023

Neil Holland

 

Date

Executive Vice President, Chief Financial Officer

 

 

 

 

 

/s/ John Glander

 

2/27/2023

John Glander

 

Date

Senior Vice President, Head of LSPS Lending Strategy (LSPS)

 

 

 

 

 

 

 

 

/s/ KC Conway

 

2/27/2023

KC Conway

 

Date

Senior Vice President, Interim Head of Residential Lending Services

 

 

 

 

 

 

Appendix A to Management Assertion

Investor #

Investor Name

Loan Count

Balance

50

FRLC SFR

11

$8,217,083.03

120

Redwood Trust (Bear Stearns)

10

$3,870,381.99

122

Sequioa 2007-2

17

$13,381,054.61

123

SEMT 2007-3

4

$2,685,527.25

127

CIT Bank

116

$66,043,861.93

128

Sequoia Mortgage Trust 2014-1

11

$8,919,359.51

129

STIFEL BANK & TRUST

213

$175,922,873.36

131

Morgan Stanley Mortgage

2

$1,167,824.56

132

JP Morgan Mortgage Trust 2014-2

114

$22,647,864.72

134

CSMC 2014-IVR3

23

$10,189,785.71

136

MSRM Loan Trust 2014-1

37

$23,383,290.24

138

J.P. Morgan Trust 2014-IVR3

10

$9,924,357.14

141

Delta Community Credit Union

5

$3,470,853.25

143

CSMC Trust 2014-IVR1

1

$147,173.68

145

JP Morgan Mortgage TR 2014-1

10

$7,104,653.67

146

Synovus Financial Corp.

28

$14,553,214.60

147

Citizens Bank, N.A.

3

$1,811,956.76

149

Hudson Valley Bank

1

$2,678,159.28

152

Sequoia Mortgage Trust 2013-11

6

$3,824,825.42

153

Sequoia Mortgage Trust 2013-10

1

$597,160.04

154

CSMC Trust 2013-6

3

$2,903,423.95

155

JP Morgan Mortgage Trust 2013-3

34

$27,736,238.57

156

NRP MortgageTrust2013-1

136

$97,999,895.25

157

CSMC Trust 2013-HYB1

17

$11,392,996.73

158

CSMC Trust 2013-IVR4

13

$8,190,529.70

162

Citigroup Mortgage Loan Trust Series 2005-6

4

$706,699.49

163

SAMI II 2005-AR5

29

$17,362,866.21

164

MLCC 2005-3

12

$5,891,986.98

165

MLMI 2005-A10

8

$9,022,543.56

175

Harbor View 2003-2(formerly Greenwich)

2

$259,521.49

176

Harbor View 2004-1(formerly Greenwich)

5

$1,236,753.97

182

Sequoia Mortgage Trust 2013-2

52

$31,390,280.58

183

Sequoia Mortgage Trust 2013-3

16

$10,912,520.94

184

Sequoia Mortgage Trust 2013-4

20

$14,450,495.44

185

MASTI 2003-4 (formerly UBS Warburg)

1

$22,129.30

187

Sequoia Mortgage Trust 2013-7

2

$926,482.69

188

Sequoia Mortgage Trust 2013-8

2

$681,337.22

189

CSMC Trust 2013-IVR3

12

$11,063,290.14

194

TIAA-CREF Trust Company, FSB

194

$84,331,623.90

195

MLMI 2005-A1

3

$678,169.08

196

Merrill Lynch Bank

6

$1,624,314.16

197

MLCC 2006-2

12

$2,966,609.66

200

Sequoia Mortgage Trust 2012-6

4

$2,732,491.67

201

JP Morgan Mortgage Acq. Corp.

100

$42,736,096.10

207

CSMC Trust 2013-IVR1

20

$11,523,620.42

 

 

Appendix A to Management Assertion

Investor #

Investor Name

Loan Count

Balance

209

CSMC Trust 2013-IVR2

37

$22,194,133.10

215

Bank United N.A.

2

$561,219.11

216

North Valley Bank

1

$379,212.18

248

Washington Mutual Bank, Flow Sales (PNC)

1

$158,532.32

250

CitiMortgage

2

$178,964.51

260

CitiMortgage

7

$1,028,788.75

312

Residential Funding

1

$265,289.03

357

Everbank

4

$3,725,320.62

358

DLJ Mortgage Capital, Inc.

1

$1,600,000.00

360

Northfield Bank

47

$32,062,107.61

362

JP Morgan Mortgage Trust 2014-5

76

$22,687,963.13

363

Sequoia Mortgage Trust 2014-4

20

$12,547,947.00

364

JP Morgan Mortgage TR2014-IVR6

33

$27,049,997.27

365

CSMC TRUST 2105-WIN1

1

$1,105,311.55

366

JP Morgan Mortgage Trust 2015-1

102

$74,150,544.54

367

Sequoia Mortgage Trust 2015-1

19

$12,883,595.23

368

Nexbank SSB

14

$10,390,979.30

369

CSMC Trust 2015-1

1

$312,407.91

370

JP Morgan Mortgage TR2015-IVR2

46

$25,467,837.14

371

CSMC TRUST 2015-2

2

$1,166,887.46

372

CSMC TRUST 2015-3

1

$483,127.61

373

Dime Bank

24

$17,174,550.19

375

Sequoia Mortgage Trust 2015-2

6

$3,221,363.87

377

CSMLT 2015-1

3

$2,110,597.92

378

JP MORGAN MORTGAGE TR 2015-3

26

$14,485,698.49

380

SEQUOIA MORTGAGE TR 2015-3

11

$7,653,235.11

383

Landmark Community Bank

5

$3,373,431.88

385

J.P. MORGAN MORTGAGE TR 2015-4

74

$45,818,959.49

386

J.P. MORGAN MORTGAGE TR 2015-5

53

$44,712,573.52

387

Colorado Federal Savings Bank

33

$28,209,502.29

390

J.P. MORGAN MORTGAGE TR 2015-6

25

$19,678,718.56

391

CSMLT 2015-3 TRUST

9

$4,023,024.99

392

Sequoia Mortgage Trust 2015-4

22

$8,687,083.60

393

Broadway Federal Bank

20

$10,039,751.96

396

Ameris Bank

13

$11,613,246.86

397

Bank of the Cascades

4

$1,430,184.48

398

Sequoia Mortgage Trust 2016-1

5

$3,149,106.17

399

ZB, N.A.

62

$51,816,918.79

400

The Washington Trust Company

10

$4,432,666.12

401

J.P. Morgan Mortgage TR 2016-1

3

$2,181,769.36

402

Sequoia Mortgage Trust 2016-2

4

$3,038,576.55

403

J.P. Morgan Mortgage TR 2016-2

66

$39,314,876.01

404

TEACHERS INSURANCE AND ANNUITY

34

$26,895,226.40

405

J.P.MORGAN MORTGAGE TRUST

56

$31,219,257.86

407

Sequoia Mortgage Trust 2016-3

12

$7,805,296.02

 

 

Appendix A to Management Assertion

Investor #

Investor Name

Loan Count

Balance

411

J.P. Morgan Mortgage TR 2016-5

72

$46,828,879.94

412

Sequoia Mortgage Trust 2017-1

6

$4,002,816.09

414

Federal Home Mortgage Loan Association

1

$6,749.60

421

THORNBURG MORTGAGE THB2003-2

1

$40,980.37

423

THORNBURG MORTGAGE THB2003-4

1

$919,927.47

424

THORNBURG MORTGAGE THB2003-5

2

$909,596.48

425

THORNBURG MORTGAGE THB2003-6

1

$242,315.60

426

THORNBURG MORTGAGE THB2004-1

3

$898,408.53

427

THORNBURG MORTGAGE THB2004-2

6

$3,077,814.40

428

THORNBURG MORTGAGE THB2004-3

1

$215,361.19

429

THORNBURG MORTGAGE THB2004-4

8

$3,705,640.08

430

THORNBURG MORTGAGE THB2005-1

15

$3,946,246.73

431

THORNBURG MORTGAGE THB2005-2

10

$3,156,027.13

432

THORNBURG MORTGAGE THB2005-3

7

$4,663,787.74

433

THORNBURG MORTGAGE THB2005-4

2

$527,748.81

434

THORNBURG MORTGAGE THB2006-1

1

$1,994,079.76

436

THORNBURG MORTGAGE THB2006-3

4

$1,073,229.51

437

THORNBURG MORTGAGE THB2006-4

2

$402,105.90

438

THORNBURG MORTGAGE THB2006-5

1

$464,042.17

439

THORNBURG MORTGAGE THB2006-6

9

$2,254,965.81

440

THORNBURG MORTGAGE THB2007-1

1

$411,031.66

441

THORNBURG MORTGAGE THB2007-2

14

$5,549,858.99

442

THORNBURG MORTGAGE THB2007-3

3

$693,546.56

443

THORNBURG MORTGAGE THB2007-4

1

$122,382.29

450

Sequoia Mortgage Trust 2017-2

6

$4,852,816.73

451

Sequoia Mortgage Trust 2017-3

1

$486,783.28

453

Amalgamated Bank

83

$52,952,223.22

454

SEMT 2017-4

6

$4,986,968.13

455

Cathay Bank

7

$5,091,463.88

456

SEMT 2017-5

28

$21,716,850.94

457

SEMT 2017-6

13

$8,659,931.51

458

J.P. MORGAN MORTGAGE TR 2017-3

1

$733,991.63

459

SEMT 2017-CH1

2

$1,180,119.65

460

SEMT 2017-7

13

$10,069,035.01

461

SEMT 2017-CH2

3

$1,943,795.61

462

BMO Harris Bank NA

42

$7,632,131.85

463

J.P. Morgan Mortgage Tr 2017-5

127

$105,179,112.07

464

J.P. Morgan Mortgage Tr 2017-6

2

$1,876,177.28

465

Sequoia Mortgage Trust 2018-1

12

$7,235,859.85

466

Sequoia Mortgage Trust 2018-2

4

$2,950,583.96

467

Sequoia Mortgage Trust 2018-3

4

$2,408,964.82

468

SEMT 2018-CH1

3

$2,687,591.96

469

J.P. Morgan Mortgage Tr 2018-3

4

$2,916,672.12

470

Sequoia Mortgage Trust 2018-4

1

$471,104.67

472

J.P. Morgan Mortgage Tr 2018-4

1

$432,989.54

 

 

Appendix A to Management Assertion

Investor #

Investor Name

Loan Count

Balance

473

SEMT 2018-CH2

1

$805,620.49

474

SEMT 2018-6

3

$2,270,463.70

475

JPMMT 2018-7FRB

149

$117,930,226.16

476

SEMT 2018-CH3

2

$920,698.10

477

SEMT 2018-7

6

$4,907,044.78

478

JPMMT 2018-9

2

$1,567,303.54

479

SEMT 2018-7

2

$1,052,171.56

480

BankUnited N.A.

233

$199,116,238.37

483

Wilmington Trust SEMT 2019-CH1

4

$1,997,406.28

484

JPMMT 2019-INV1

9

$6,074,139.84

485

WILMINGTON TRUST SEMT 2019-2

2

$1,627,081.00

486

WILMINGTON TRUST SEMT 2019-CH2

1

$338,019.93

487

JPMMT 2019-HYB1

72

$54,433,437.92

488

WILMINGTON TRUST SEMT 2019-3

15

$11,475,719.00

490

Wilmington Trust SEMT 2019-4

1

$678,516.34

491

Wilmington Trust SEMT 2019-5

5

$3,946,634.15

492

Wilmington Trust SEMT 2020-1

1

$666,457.15

493

Wilmington Trust SEMT 2020-2

5

$3,800,865.04

494

Wilmington Trust SEMT 2020-3

181

$143,254,089.59

495

First Republic MTG TR 2020-1

184

$163,905,895.10

496

Wilmington Trust SEMT 2020-MC1

7

$5,618,000.79

497

JPMMT 2020-7

64

$49,217,813.37

498

JPMMT 2020-8

1

$1,122,363.34

499

Wilmington Trust SEMT 2020-4

17

$11,995,013.58

500

JPMMT 2021-3

1

$1,030,342.50

501

JPMMT 2021-INV1

30

$19,820,087.05

510

CitiMortgage

2

$75,168.74

515

Fannie Mae-Laser

3244

$853,272,601.73

770

Bear Stearns

6

$963,611.27

775

AAR BART 2003-5 (Bear Stearns)

8

$929,560.18

124

CSMC Trust 2014-SAF1

0

$0.00

135

Citizens Bank, N.A And Various

0

$0.00

137

Sequoia Mortgage Trust 2014-3

0

$0.00

151

CMSC Trust 2013-7

0

$0.00

166

Redwood Residential Acquisition Corp

0

$0.00

177

Harbor View 2004-5(formerly Greenwich)

0

$0.00

181

Sequoia Mortgage Trust 2012-5

0

$0.00

217

Signature Bank

0

$0.00

330

U.S. Bank

0

$0.00

382

CSMLT 2015-2 TRUST

0

$0.00

384

GOLDEN PACIFIC BANK, NA

0

$0.00

415

FNMA MBS

0

$0.00

435

THORNBURG MORTGAGE THB2006-2

0

$0.00

471

Sequoia Mortgage Trust 2018-5

0

$0.00

481

SEMT 2018-CH4

0

$0.00

 

 

 

 

 

 

Appendix A to Management Assertion

Investor #

Investor Name

Loan Count

Balance

 

Total

7,121

$3,419,155,260.92

 

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