EX-33.2 4 cik0001567958-ex332_32.htm EX-33.2 cik0001567958-ex332_32.htm

 

Exhibit 33.2

 

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, 2019. 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, 2019. 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, 2019, 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, 2019.

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

 

III PINE STREET, SAN FRANCISCO, CALIFORNIA 94111, TEL (415) 392-1400 OR (800) 392-1400, FAX (415) 392-1413
FIRSTREPUBLIC.COM • MEMBER FDIC AND EQUAL HOUSING LENDER

 

 

 

 

FIRST REPUBLIC BANK

It's a privilege to serve you'

 

 

 

 

 

/s/ Michael J. Roffler

/d/ 2/25/2020

Michael J. Roffler

Date

Executive Vice President and Chief Financial Officer

 

 

 

 

 

 

 

/s/ David Bain

/d/ 2/25/2020

David Bain

Date

Head of Lending Services

 

 

 

 

 

 

 

/s/ John Glander

/d/ 02/25/2020

John Glander

 

Senior Vice President, Head of Lending Strategy, Products and Sales

 

 

 

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

 

III PINE STREET, SAN FRANCISCO, CALIFORNIA 94111, TEL (415) 392-1400 OR (800) 392-1400, FAX (415) 392-1413
FIRSTREPUBLIC.COM • MEMBER FDIC AND EQUAL HOUSING LENDER

 

 

 

First Republic Bank Servicing Portfolio

 

Appendix A to Management Assessment

Investor #

Investor Name

Loan Count

 

Balance

120

Redwood Trust (Bear Stearns)

16

$

8,475,617.19

122

Sequioa 2007-2

24

$

21,129,099.48

123

SEMT 2007-3

4

$

3,452,093.29

124

CSMC Trust 2014-SAF1

1

$

673,202.31

126

MTGLQ Investors, L.P.

-

$

-

127

CIT Bank

302

$

208,462,465.04

128

Sequoia Mortgage Trust 2014-1

26

$

21,547,547.58

129

STIFEL BANK & TRUST

749

$

783,811,323.73

131

Morgan Stanley Mortgage

3

$

2,199,716.56

132

JP Morgan Mortgage Trust 2014-2

197

$

60,940,514.00

133

Sequoia Mortgage Trust 2013-12

17

$

12,127,812.82

134

CSMC 2014-IVR3

41

$

21,496,597.23

135

Citizens Bank, N.A And Various

2

$

1,202,809.06

136

MSRM Loan Trust 2014-1

108

$

85,338,293.48

137

Sequoia Mortgage Trust 2014-3

31

$

22,928,892.72

138

J.P. Morgan Trust 2014-IVR3

38

$

45,429,526.94

141

Delta Community Credit Union

12

$

10,755,461.37

142

Sequoia Mortgage Trust 2013-12

27

$

23,456,286.64

143

CSMC Trust 2014-IVR1

8

$

6,701,536.30

145

JP Morgan Mortgage TR 2014-1

24

$

18,493,463.48

146

Synovus Financial Corp.

58

$

44,626,128.86

147

Citizens Bank, N.A.

14

$

10,110,424.69

149

Hudson Valley Bank

3

$

4,533,820.78

151

CMSC Trust 2013-7

1

$

771,089.68

152

Sequoia Mortgage Trust 2013-11

10

$

7,927,098.40

153

Sequoia Mortgage Trust 2013-10

2

$

813,501.84

154

CSMC Trust 2013-6

12

$

11,771,477.43

155

JP Morgan Mortgage Trust 2013-3

93

$

89,382,412.63

156

NRP MortgageTrust2013-1

306

$

248,924,728.47

157

CSMC Trust 2013-HYB1

105

$

90,073,028.19

158

CSMC Trust 2013-IVR4

26

$

23,301,164.49

162

Citigroup Mortgage Loan Trust Series 2005-6

9

$

2,824,507.41

163

SAMI II 2005-AR2

41

$

31,381,777.33

164

MLCC 2005-3

17

$

9,615,658.51

165

MLMI 2005-A10

16

$

15,947,252.61

166

Redwood Residential Acquisition Corp

2

$

1,993,000.00

169

Sequoia Mortgage Trust 2012-1

-

$

-

172

SEMT 2012-2

28

$

20,944,041.52

173

SEMT 2013-1

9

$

                         9,190,379.02

174

Sequoia Mortgage Trust 2012-3

32

$

                       25,680,034.84

75

Harbor View 2003-2(formerly Greenwich)

4

$

                            875,282.17

176

Harbor View 2004-1(formerly Greenwich)

12

$

                          4,153,978.73

177

Harbor View 2004-5(formerly Greenwich)

4

$

                         2,224,494.66

178

Harbor View 2006-6

-

$

                                        -

181

Sequoia Mortgage Trust 2012-5

30

$

                       23,848,251.24

182

Sequoia Mortgage Trust 2013-2

189

$

                     153,193,313.97

183

Sequoia Mortgage Trust 2013-3

50

$

                       42,333,821.44

184

Sequoia Mortgage Trust 2013-4

43

$

                       40,366,949.30

185

MASTI 2003-4 (formerly UBS Warburg)

2

$

                            374,150.39

187

Sequoia Mortgage Trust 2013-7

9

$

                         4,992,489.32

188

Sequoia Mortgage Trust 2013-8

4

$

                         2,013,455.04

189

CSMC Trust 2013-IVR3

18

$

                        16,782,423.98

194

TIAA-CREF Trust Company, FSB

437

$

                     272,914,697.31

195

MLMI 2005-A1

5

$

                         1,673,942.33

196

Merrill Lynch Bank

7

$

                         2,810,549.84

197

MLCC 2006-2

23

$

                         7,948,785.10

199

Sequoia Mortgage Trust 2012-4

17

$

                       14,427,903.62

200

Sequoia Mortgage Trust 2012-6

14

$

                        11,337,237.59

201

JP Morgan Mortgage Acq. Corp.

82

$

                       70,564,219.70

204

JP Morgan Mortgage Trust 2013-1

153

$

                        69,074,982.89

207

CSMC Trust 2013-IVR1

66

$

                       48,705,159.08

209

CSMC Trust 2013-IVR2

125

$

                     103,548,339.55

215

Bank United N.A.

3

$

                         1,888,803.83

216

North Valley Bank

3

$

                         2,824,034.03

217

Signature Bank

4

$

                         7,441,166.44

244

CIT Bank

-

$

                   -

248

Washington Mutual Bank, Flow Sales (PNC)

1

$

                            244,109.88

250

CitiMortgage

3

$

                             424,064.14

260

CitiMortgage

11

$

                         1,631,034.94

312

Residential Funding

5

$

                         1,760,279.63

330

U.S. Bank

2

$

                              98,601.53

356

Thornburg 2008-1

1

$

559,852.25

357

Everbank

6

$

5,485,018.14

358

DLJ Mortgage Capital, Inc.

1

$

1,600,000.00

360

Northfield Bank

106

$

81,077,476.86

 

 

 

 

 

Page 1 of 3

 

 

Appendix A to Management Assessment

Investor #

Investor Name

Loan Count

 

Balance

361

JP Morgan Trust 2014-OAK4

5

$

4,187,243.87

362

JP Morgan Mortgage Trust 2014-5

120

$

53,937,393.20

363

Sequoia Mortgage Trust 2014-4

75

$

57,200,115.04

364

JP Morgan Mortgage TR2014-IVR6

109

$

97,502,872.23

365

CSMC TRUST 2105-WIN1

5

$

3,267,224.33

366

JP Morgan Mortgage Trust 2015-1

219

$

193,739,213.19

367

Sequoia Mortgage Trust 2015-1

78

$

59,008,482.48

368

Nexbank SSB

572

$

571,338,814.05

369

CSMC Trust 2015-1

4

$

2,559,630.70

370

JP Morgan Mortgage TR2015-IVR2

163

$

125,806,056.61

371

CSMC TRUST 2015-2

5

$

3,890,064.02

372

CSMC TRUST 2015-3

4

$

2,720,024.41

373

Dime Bank

13

$

11,119,826.29

375

Sequoia Mortgage Trust 2015-2

13

$

7,711,708.84

376

RWT FINANCIAL, LLC

407

$

320,172,386.20

377

CSMLT 2015-1

14

$

8,976,905.85

378

JP MORGAN MORTGAGE TR 2015-3

71

$

61,016,387.93

380

SEQUOIA MORTGAGE TR 2015-3

33

$

27,417,486.04

381

GUARANTY BANK & TRUST COMPANY

-

$

                                          -

382

CSMLT 2015-2 TRUST

1

$

620,320.58

383

Landmark Community Bank

18

$

13,240,286.30

384

GOLDEN PACIFIC BANK, NA

4

$

2,308,847.88

385

J.P. MORGAN MORTGAGE TR 2015-4

133

$

94,863,345.12

386

J.P. MORGAN MORTGAGE TR 2015-5

146

$

125,695,055.01

387

Colorado Federal Savings Bank

103

$

109,026,440.30

390

J.P. MORGAN MORTGAGE TR 2015-6

60

$

48,210,751.53

391

CSMLT 2015-3 TRUST

14

$

8,407,022.23

392

Sequoia Mortgage Trust 2015-4

42

$

22,525,476.15

393

Broadway Federal Bank

72

$

59,002,048.49

394

Nationstar Mortgage LLC

1

$

290,861.82

396

Ameris Bank

41

$

38,260,101.20

397

Bank of the Cascades

10

$

6,920,817.69

398

Sequoia Mortgage Trust 2016-1

21

$

15,456,494.96

399

ZB, N.A.

185

$

189,292,250.25

400

The Washington Trust Company

30

$

17,258,214.05

401

J.P. Morgan Mortgage TR 2016-1

5

$

3,819,913.70

402

Sequoia Mortgage Trust 2016-2

12

$

12,276,125.83

403

J.P. Morgan Mortgage TR 2016-2

215

$

154,616,406.68

404

TEACHERS INSURANCE AND ANNUITY

116

$

97,398,302.54

405

J.P.MORGAN MORTGAGE TRUST

153

$

108,820,992.23

407

Sequoia Mortgage Trust 2016-3

33

$

26,702,834.90

411

J.P. Morgan Mortgage TR 2016-5

242

$

188,774,987.42

412

Sequoia Mortgage Trust 2017-1

20

$

14,969,750.01

414

Federal Home Mortgage Loan Association

3

$

119,974.10

415

FNMA MBS

2

$

53,791.79

421

THORNBURG MORTGAGE THB2003-2

4

$

1,071,506.50

422

THORNBURG MORTGAGE THB2003-3

-

$

                                          -

423

THORNBURG MORTGAGE THB2003-4

2

$

1,703,232.06

424

THORNBURG MORTGAGE THB2003-5

3

$

1,919,490.06

425

THORNBURG MORTGAGE THB2003-6

3

$

1,384,621.43

426

THORNBURG MORTGAGE THB2004-1

3

$

1,091,124.65

427

THORNBURG MORTGAGE THB2004-2

7

$

4,303,517.00

428

THORNBURG MORTGAGE THB2004-3

9

$

5,691,366.07

429

THORNBURG MORTGAGE THB2004-4

14

$

7,305,959.97

430

THORNBURG MORTGAGE THB2005-1

25

$

9,162,949.10

431

THORNBURG MORTGAGE THB2005-2

12

$

4,106,331.44

432

THORNBURG MORTGAGE THB2005-3

16

$

10,625,060.10

433

THORNBURG MORTGAGE THB2005-4

5

$

2,497,296.97

434

THORNBURG MORTGAGE THB2006-1

4

$

4,750,064.20

435

THORNBURG MORTGAGE THB2006-2

6

$

2,157,620.64

436

THORNBURG MORTGAGE THB2006-3

7

$

5,330,105.02

437

THORNBURG MORTGAGE THB2006-4

5

$

1,096,020.90

438

THORNBURG MORTGAGE THB2006-5

2

$

1,082,217.83

439

THORNBURG MORTGAGE THB2006-6

20

$

7,460,568.50

440

THORNBURG MORTGAGE THB2007-1

2

$

912,188.28

441

THORNBURG MORTGAGE THB2007-2

17

$

8,423,783.76

442

THORNBURG MORTGAGE THB2007-3

5

$

1,453,348.85

443

THORNBURG MORTGAGE THB2007-4

2

$

329,133.49

450

Sequoia Mortgage Trust 2017-2

13

$

12,083,233.52

451

Sequoia Mortgage Trust 2017-3

6

$

5,389,053.86

452

City Ntnl Bank of New Jersey

-

$

-

Page 2 of 3

 

 

Appendix A to Management Assessment

Investor #

Investor Name

Loan Count

 

Balance

453

Amalgamated Bank

142

$

120,940,814.89

454

SEMT 2017-4

33

$

29,739,657.94

455

Cathay Bank

26

$

19,834,059.09

456

SEMT 2017-5

96

$

80,846,844.74

457

SEMT 2017-6

72

$

                        58,107,418.55

458

J.P. MORGAN MORTGAGE TR 2017-3

5

$

5,413,793.65

459

SEMT 2017-CH1

8

$

6,203,102.59

460

SEMT 2017-7

47

$

36,895,309.00

461

SEMT 2017-CH2

14

$

9,902,917.10

462

BMO Harris Bank NA

73

$

23,319,089.95

463

J.P. Morgan Mortgage Tr 2017-5

324

$

314,694,381.20

464

J.P. Morgan Mortgage Tr 2017-6

5

$

4,694,052.13

465

Sequoia Mortgage Trust 2018-1

55

$

42,177,701.77

466

Sequoia Mortgage Trust 2018-2

24

$

15,660,390.55

467

Sequoia Mortgage Trust 2018-3

13

$

10,111,464.38

468

SEMT 2018-CH1

12

$

8,221,752.01

469

J.P. Morgan Mortgage Tr 2018-3

25

$

19,488,351.32

470

Sequoia Mortgage Trust 2018-4

8

$

6,108,755.06

471

Sequoia Mortgage Trust 2018-5

8

$

4,791,362.59

472

J.P. Morgan Mortgage Tr 2018-4

3

$

1,977,463.81

473

SEMI 2018-CH2

2

$

1,952,075.71

474

SEMI 2018-6

7

$

6,642,217.44

475

JPMMT 2018-7FRB

313

$

289,944,573.21

476

SEMT 2018-CH3

3

$

1,456,959.60

477

SEMT 2018-7

38

$

33,773,132.76

478

JPMMT 2018-9

7

$

5,260,106.53

479

SEMT 2018-7

8

$

5,228,313.07

480

BankUnited N.A.

92

$

81,517,944.00

481

SEMT 2018-CH4

34

$

28,778,444.99

482

Wilmington Trust SEMT 2019-1

8

$

6,262,497.93

483

Wilmington Trust SEMT 2019-CH1

17

$

10,815,031.20

484

JPMMT 2019-INV1

15

$

10,936,327.75

485

WILMINGTON TRUST SEMT 2019-2

37

$

29,305,660.33

486

WILMINGTON TRUST SEMT 2019-CH2

4

$

2,593,973.14

487

JPMMT 2019-HYB1

175

$

135,283,639.10

488

WILMINGTON TRUST SEMT 2019-3

53

$

44,626,225.32

489

Titan Bank NA

1

$

489,562.90

490

WILMINGTON TRUST SEMT 2019-4

2

$

1,191,849.97

491

WILMINGTON TRUST SEMT 2019-5

7

$

5,710,611.93

510

CitiMortgage

2

$

133,749.44

515

Fannie Mae-Laser

4,885

$

1,447,692,060.84

516

Bank of New Canaan

1

$

1,003,431.93

770

Bear Stearns

7

$

1,464,316.62

775

AAR BART 2003-5 (Bear Stearns)

9

$

1,520,970.37

777

HVMLT 2006-13

-

$

-

 

Total

14,358

$

9,052,178,055.48

 

Page 3 of 3