EX-33.15 11 wcm12c10_33-15.htm wcm12c10_33-15.htm - Generated by SEC Publisher for SEC Filing

Trimont Real Estate Advisors, LLC

 

Management’s Certification Regarding Compliance
with Applicable Servicing Criteria

 

 

Trimont Real Estate Advisors, LLC (the “Asserting Party”) is responsible for assessing compliance as of and for the year ended December 31, 2018 (the “Reporting Period”) with the applicable servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB as set forth in Exhibit A hereto (the “Applicable Servicing Criteria”). The transactions covered by this report are only those transactions processed by the Asserting Party in its capacity as trust, senior trust, or operating advisor for the asset backed securities transactions listed in Exhibit B hereto (the “Platform”).

 

The Asserting Party has used the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB to assess its compliance with the Applicable Servicing Criteria for the Reporting Period and has concluded that the Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria as of and for the year ended December 31, 2018 with respect to the Platform.

 

Grant Thornton LLP, an independent registered public accounting firm, has issued an attestation report on the assessment of compliance with the Applicable Servicing Criteria as of and for the year ended December 31, 2018 as set forth in this assertion.

 

 

Trimont Real Estate Advisors, LLC

February 26, 2019

 

 

/s/ Glen Peters

Glen Peters

Chief Financial Officer

 

 

Exhibit A

 

Regulation AB Criteria

GSMS 2015-GC30

WFCM 2015-C27

WFCM 2015-C29

WFCM 2015-C31

WFCM 2015-LC20

WFCM 2015-NXS1

WFCM 2015-SG1

WFRBS 2014-C25

WFRBS 2014-C23

WFRBS 2014-C21

GSMS 2014-GC20

WFRBS 2014-C19

WFRBS 2013-C17

MSBAM 2013-C12

WFRBS 2013-C15

GSMS 2013-GC13

WFRBS 2013-C13

MSBAM 2013-C9

 

WFRBS 2013-C11

GSMS 2013-GC10

UBS 2012-C4

WFCM 2012-LC5

Section

Description

Criteria

Applicable Criteria

General Servicing Considerations

1122(d)(1)(i)

Policies and Procedures

Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreement.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(1)(ii)

Policies and Procedures (vendors)

If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(1)(iii)

Back-up Servicer

Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(1)(iv)

Fidelity Bond

A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreement.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(1)(v)

Accuracy of Information

Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Cash Collection and Administration

1122(d)(2)(i)

2 Days to deposit Payments into Custodial Accounts

Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(ii)

Wire Transfers

Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(iii)

Advances

Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(iv)

Commingling

The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(v)

Federally Insured Institution

Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of §240.13k-1(b)(1) of this chapter.  I.3 Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(vi)

Unissued Checks

Unissued checks are safeguarded so as to prevent unauthorized access.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(vii)

Reconciliations

Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts.  These reconciliations:  (a) are mathematically accurate; (b) are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (c) are reviewed and approved by someone other than the person who prepared the reconciliation; and (d) contain explanations for reconciling items.  These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Investor Remittance and Reporting

1122(d)(3)(i)

Reports to the Investor

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements.  Specifically, such reports:
(a) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (b) provide information calculated in accordance with the terms specified in the transaction agreements; (c) are filed with the Commission as required by its rules and regulations; and (d) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the servicer.

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

X1

1122(d)(3)(ii)

Investor Remittance

Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(3)(iii)

Investor’s Records

Disbursements made to an investor are posted within two business days to the servicer’s investor records, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(3)(iv)

Remittance and Bank Statements

Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Pool Asset Administration

1122(d)(4)(i)

Collateral/ Security on Pool Assets

Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(ii)

Safeguard Pool Assets

Pool assets and related documents are safeguarded as required by the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(iii)

Changes to the Pool Assets

Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(iv)

Obligor’s Payment Record

Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the applicable servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g. escrow) in accordance with the related pool asset documents.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(v)

Pool Asset Records Match UPB

The servicer’s records regarding the pool assets agree with the servicer’s records with respect to an obligor’s unpaid principal balance.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 1122(d)(4)(vi)

Loan Modifications

Changes with respect to the terms or status of an obligor’s pool asset (e.g. loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(vii)

Loss Mitigation Actions

Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreement.

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

1122(d)(4)(viii)

Collection Efforts Documented

Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements.  Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment)

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(ix)

ARMs

Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(x)

Escrow Funds

Regarding any funds held in trust for an obligor such funds are (a) analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (b) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (c)returned to the obligor within 30 calendar days of full repayment of the related pool asset, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xi)

Timely Payments

Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xii)

Late Payment Penalties

Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xiii)

Obligor’s Records

Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xiv)

Delinquencies, Charge-offs, and Other Uncollectible Accounts

Delinquencies, Charge-offs, and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xv)

Any External Enhancement

Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of this Regulation AB, is maintained as set forth in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

 

Exhibit A

 

Regulation AB Criteria

WFRBS 2012-C9

DBUBS 2011-LC3

WFRBS 2011-C5

WFCM 2016-NXS6

WFCM 2016-LC24

WFCM 2016-C37

245 Park Ave Trust 2017-245P

MSC 2017-H1

WFCM 2017-C39

WFCM 2017-RB1

WFCM 2017-C41

CFCRE 2011-C2

MSC 2011-C3

UBS CCMT 2011-C1

JPMCC 2012 CIBX

UBS 2012-C1

WFRBS 2014-LC14

CGCMT 2014-GC23

CGCMT 2016-C3

CGCMT 2017-B1

GSMS 2012-GC6

WFRBS 2012-C7

Section

Description

Criteria

Applicable Criteria

General Servicing Considerations

1122(d)(1)(i)

Policies and Procedures

Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreement.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(1)(ii)

Policies and Procedures (vendors)

If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(1)(iii)

Back-up Servicer

Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(1)(iv)

Fidelity Bond

A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreement.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(1)(v)

Accuracy of Information

Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Cash Collection and Administration

1122(d)(2)(i)

2 Days to deposit Payments into Custodial Accounts

Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(ii)

Wire Transfers

Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(iii)

Advances

Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(iv)

Commingling

The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(v)

Federally Insured Institution

Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of §240.13k-1(b)(1) of this chapter.  I.3 Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(vi)

Unissued Checks

Unissued checks are safeguarded so as to prevent unauthorized access.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(2)(vii)

Reconciliations

Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts.  These reconciliations:  (a) are mathematically accurate; (b) are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (c) are reviewed and approved by someone other than the person who prepared the reconciliation; and (d) contain explanations for reconciling items.  These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Investor Remittance and Reporting

1122(d)(3)(i)

Reports to the Investor

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements.  Specifically, such reports:
(a) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (b) provide information calculated in accordance with the terms specified in the transaction agreements; (c) are filed with the Commission as required by its rules and regulations; and (d) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the servicer.

X1

X4

X3

X1

X1

X1

X1

X1

X1

X1

X1

X3

X4

X3

X1

X1

X1

X1

X1

X1

X1

X1

1122(d)(3)(ii)

Investor Remittance

Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(3)(iii)

Investor’s Records

Disbursements made to an investor are posted within two business days to the servicer’s investor records, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(3)(iv)

Remittance and Bank Statements

Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Pool Asset Administration

1122(d)(4)(i)

Collateral/ Security on Pool Assets

Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(ii)

Safeguard Pool Assets

Pool assets and related documents are safeguarded as required by the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(iii)

Changes to the Pool Assets

Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(iv)

Obligor’s Payment Record

Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the applicable servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g. escrow) in accordance with the related pool asset documents.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(v)

Pool Asset Records Match UPB

The servicer’s records regarding the pool assets agree with the servicer’s records with respect to an obligor’s unpaid principal balance.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 1122(d)(4)(vi)

Loan Modifications

Changes with respect to the terms or status of an obligor’s pool asset (e.g. loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(vii)

Loss Mitigation Actions

Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreement.

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

X2

1122(d)(4)(viii)

Collection Efforts Documented

Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements.  Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment)

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(ix)

ARMs

Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(x)

Escrow Funds

Regarding any funds held in trust for an obligor such funds are (a) analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (b) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (c)returned to the obligor within 30 calendar days of full repayment of the related pool asset, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xi)

Timely Payments

Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xii)

Late Payment Penalties

Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xiii)

Obligor’s Records

Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xiv)

Delinquencies, Charge-offs, and Other Uncollectible Accounts

Delinquencies, Charge-offs, and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1122(d)(4)(xv)

Any External Enhancement

Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of this Regulation AB, is maintained as set forth in the transaction agreements.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

 

Key

 

X1

With respect to Item 1122(d)(3)(i), only parts A and B of this criteria are applicable for the securitization.

X2

With respect to Item 1122(d)(4)(vii), there were no loss mitigation or recovery actions during the reporting period for the loan(s) that were serviced under this securitization.

X3

With respect to Item 1122(d)(3)(i), only parts A, B, and C are applicable. There were no activities performed during the reporting period for the loan(s) that were serviced under this securitization.

X4

With respect to Item 1122(d)(3)(i), there were no activities performed during the reporting period for the loan(s) that were serviced under this securitization.

With respect to Applicable Servicing Criteria cells in Exhibit A that are denoted with an “N/A”, per review of the respective servicing agreement, the criteria was not in scope for the transaction.

 

 

 

Exhibit B

Name

Transaction

Period of Service

DBUBS 2011LC3

Commercial Mortgage PassThrough Certificates, DBUBS 2011LC3 pursuant to the Pooling and Servicing Agreement dated August 1, 2011

January 1, 2018

December 31, 2018

WFRBS 2011C5

Commercial Mortgage PassThrough Certificates, WFRBS 2011C5 pursuant to the Pooling and Servicing Agreement dated November 1, 2011

January 1, 2018

December 31, 2018

MSC 2011C3

Commercial Mortgage PassThrough Certificates, MSC 2011C3 pursuant to the Pooling and Servicing Agreement dated October 1, 2011

January 1, 2018

December 31, 2018

CFCRE 2011C2

Commercial Mortgage PassThrough Certificates, CFCRE 2011C2 pursuant to the Pooling and Servicing Agreement dated December 11, 2011

January 1, 2018

December 31, 2018

UBS CCMT2011-C1

Commercial Mortgage PassThrough Certificates, UBS CCMT2011 pursuant to the Pooling and Servicing Agreement dated December 1, 2011

January 1, 2018

December 31, 2018

GSMS 2012GC6

Commercial Mortgage PassThrough Certificates, Series 2012GC6 pursuant to the Pooling and Servicing Agreement dated February 1, 2012

January 1, 2018

December 31, 2018

UBS 2012C1

Commercial Mortgage PassThrough Certificates, Series 2012C1 pursuant to the Pooling and Servicing Agreement dated May 1, 2012

January 1, 2018

December 31, 2018

JPMCC 2012 CIBX

Commercial Mortgage PassThrough Certificates, Series 2012CIBX pursuant to the Pooling and Servicing Agreement dated June 1, 2012

January 1, 2018

December 31, 2018

WFRBS 2012C7

Commercial Mortgage PassThrough Certificates, Series 2012C7 pursuant to the Pooling and Servicing Agreement dated June 1, 2012

January 1, 2018

December 31, 2018

WFCM 2012LC5

Commercial Mortgage PassThrough Certificates, Series 2012LC5 pursuant to the Pooling and Servicing Agreement dated September 1, 2012

January 1, 2018

December 31, 2018

WFRBS 2012C9

Commercial Mortgage PassThrough Certificates, Series 2012C9 pursuant to the Pooling and Servicing Agreement dated October 1, 2012

January 1, 2018

December 31, 2018

UBS 2012C4

Commercial Mortgage PassThrough Certificates, Series 2012C4 pursuant to the Pooling and Servicing Agreement dated December 1, 2012

January 1, 2018

December 31, 2018

GSMS 2013GC10

Commercial Mortgage PassThrough Certificates, Series 2013GC10 pursuant to the Pooling and Servicing Agreement dated February 1, 2013

January 1, 2018

December 31, 2018

WFRBS 2013C11

Commercial Mortgage PassThrough Certificates, Series 2013C11 pursuant to the Pooling and Servicing Agreement dated February 1, 2013

January 1, 2018

December 31, 2018

MSBAM 2013C9

Commercial Mortgage PassThrough Certificates, Series 2013C9 pursuant to the Pooling and Servicing Agreement dated May 1, 2013

January 1, 2018

December 31, 2018

WFRBS 2013C13

Commercial Mortgage PassThrough Certificates, Series 2013C13 pursuant to the Pooling and Servicing Agreement dated May 1, 2013

January 1, 2018

December 31, 2018

GSMS 2013GC13

Commercial Mortgage PassThrough Certificates, Series 2013GC13 pursuant to the Pooling and Servicing Agreement dated July 1, 2013

January 1, 2018

December 31, 2018

WFRBS 2013C15

Commercial Mortgage PassThrough Certificates, Series 2013C15 pursuant to the Pooling and Servicing Agreement dated August 1, 2013

January 1, 2018

December 31, 2018

MSBAM 2013C12

Commercial Mortgage PassThrough Certificates, Series 2013C12 pursuant to the Pooling and Servicing Agreement dated October 1, 2013

January 1, 2018

December 31, 2018

WFRBS 2013C17

Commercial Mortgage PassThrough Certificates, Series 2013C17 pursuant to the Pooling and Servicing Agreement dated August 1, 2013

January 1, 2018

December 31, 2018

WFRBS 2014LC14

Commercial Mortgage PassThrough Certificates, Series 2014LC14 pursuant to the Pooling and Servicing Agreement dated February 1, 2014

January 1, 2018

December 31, 2018

WFRBS 2014C19

Commercial Mortgage PassThrough Certificates, Series 2014C19 pursuant to the Pooling and Servicing Agreement dated February 26, 2014

January 1, 2018

December 31, 2018

GSMS 2014GC20

Commercial Mortgage PassThrough Certificates, Series 2014GC20 pursuant to the Pooling and Servicing Agreement dated April 1, 2014

January 1, 2018

December 31, 2018

WFRBS 2014C21

Commercial Mortgage PassThrough Certificates, Series 2014C21 pursuant to the Pooling and Servicing Agreement dated August 1, 2014

January 1, 2018

December 31, 2018

CGCMT 2014GC23

Commercial Mortgage PassThrough Certificates, Series 2014GC23 pursuant to the Pooling and Servicing Agreement dated August 1, 2014

January 1, 2018

December 31, 2018

WFRBS 2014C23

Commercial Mortgage PassThrough Certificates, Series 2014C23 pursuant to the Pooling and Servicing Agreement dated September 1, 2014

January 1, 2018

December 31, 2018

WFRBS 2014C25

Commercial Mortgage PassThrough Certificates, Series 2014C25 pursuant to the Pooling and Servicing Agreement dated December 1, 2014

January 1, 2018

December 31, 2018

GSMS 2015GC30

Commercial Mortgage PassThrough Certificates, Series 2015GC30 pursuant to the Pooling and Servicing Agreement dated May 1, 2015

January 1, 2018

December 31, 2018

WFCM 2015C27

Commercial Mortgage PassThrough Certificates, Series 2015C27 pursuant to the Pooling and Servicing Agreement dated March 1, 2015

January 1, 2018

December 31, 2018

WFCM 2015C29

Commercial Mortgage PassThrough Certificates, Series 2015C29 pursuant to the Pooling and Servicing Agreement dated June 1, 2015

January 1, 2018

December 31, 2018

WFCM 2015C31

Commercial Mortgage PassThrough Certificates, Series 2015C31 pursuant to the Pooling and Servicing Agreement dated November 1, 2015

January 1, 2018

December 31, 2018

WFCM 2015LC20

Commercial Mortgage PassThrough Certificates, Series 2015LC20 pursuant to the Pooling and Servicing Agreement dated March 1, 2015

January 1, 2018

December 31, 2018

WFCM 2015NXS1

Commercial Mortgage PassThrough Certificates, Series 2015NXS1 pursuant to the Pooling and Servicing Agreement dated April 1, 2015

January 1, 2018

December 31, 2018

WFCM 2015SG1

Commercial Mortgage PassThrough Certificates, Series 2015SG1 pursuant to the Pooling and Servicing Agreement dated August 1, 2015

January 1, 2018

December 31, 2018

WFCM 2016C37

Commercial Mortgage PassThrough Certificates, Series WFCM 2016C37 pursuant to the Pooling and Servicing Agreement dated December 1, 2016

January 1, 2018

December 31, 2018

CGCMT 2016C3

Commercial Mortgage PassThrough Certificates, Series CGCMT 2016C3 pursuant to the Pooling and Servicing Agreement dated November 1, 2016

January 1, 2018

December 31, 2018

WFCM 2016LC24

Commercial Mortgage PassThrough Certificates, Series WFCM 2016LC24 pursuant to the Pooling and Servicing Agreement dated September 1, 2016

January 1, 2018

December 31, 2018

WFCM 2016NXS6

Commercial Mortgage PassThrough Certificates, Series WFCM 2016NXS6 pursuant to the Pooling and Servicing Agreement dated October 1, 2016

January 1, 2018

December 31, 2018

245 Park Ave Trust 2017 245P

Commercial Mortgage PassThrough Certificates, Series 245 Park Ave Trust 2017245P pursuant to the Pooling and Servicing Agreement dated May 30, 2017

January 1, 2018

December 31, 2018

CGCMT 2017B1

Commercial Mortgage PassThrough Certificates, Series CGCMT 2017B1 pursuant to the Pooling and Servicing Agreement dated August 29, 2017

January 1, 2018

December 31, 2018

MSC 2017H1

Commercial Mortgage PassThrough Certificates, Series MSC 2017H1 pursuant to the Pooling and Servicing Agreement dated June 8, 2017

January 1, 2018

December 31, 2018

WFCM 2017C39

Commercial Mortgage PassThrough Certificates, Series WFCM 2017C39 pursuant to the Pooling and Servicing Agreement dated August 22, 2017

January 1, 2018

December 31, 2018

WFCM 2017RB1

Commercial Mortgage PassThrough Certificates, Series WFCM 2017RB1 pursuant to the Pooling and Servicing Agreement dated March 1, 2017

January 1, 2018

December 31, 2018

WFCM 2017C41

Commercial Mortgage PassThrough Certificates, Series WFCM 2017‐RB1 pursuant to the Pooling and Servicing Agreement dated November 1, 2017

January 1, 2018

December 31, 2018