Exhibit No. | Description |
Report of Independent Certified Public Accountants, dated January 31, 2020 of Grant Thornton LLP. |
By: | /s/ Douglas W. Busk |
Name: | Douglas W. Busk |
Title: | Senior Vice President and Treasurer |
1. | The Company provided an electronic file (the “Data File”) with information for certain vehicle loans which the Company represented was as of the close of business of December 31, 2019. |
2. | Grant Thornton selected one hundred vehicle loans on a random basis from the Data File. The sample of loans are listed in Exhibit A. For each of the selected loans we compared the following information, designated by Wells Fargo Securities, LLC, to the related retail installment contract and in instances where consumers changed their address subsequent to the origination of their loan, we agreed the state of the consumer to other Company records. |
a. | Loan number |
b. | Original amount financed |
c. | First payment date (scheduled) |
d. | Original term to maturity |
e. | Monthly payment |
f. | Interest rate |
g. | State |
h. | Compared the Vehicle Identification Number (“VIN”) on the contract to the VIN on the title document (actual title, title application or VINtek, as applicable) |
GT.COM | Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and each of its member firms are separate legal entities and are not a worldwide partnership. |
• | Addressing the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria, or other requirements |
• | Addressing the value of collateral securing any such assets being securitized |
• | Addressing the compliance of the originator of the assets with federal, state, and local laws and regulations |
• | Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization |
• | Addressing any other factor or characteristic of the assets that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and conditions |
• | Forming any conclusion |
• | Any other terms or requirements of the transaction that do not appear in this report. |
Sample | Loan Number | Sample | Loan Number | Sample | Loan Number |
1 | XXXX3744 | 36 | XXXX5473 | 71 | XXXX3298 |
2 | XXXX9793 | 37 | XXXX6791 | 72 | XXXX4182 |
3 | XXXX9985 | 38 | XXXX6068 | 73 | XXXX5358 |
4 | XXXX0978 | 39 | XXXX9137 | 74 | XXXX7239 |
5 | XXXX4753 | 40 | XXXX0423 | 75 | XXXX8732 |
6 | XXXX1223 | 41 | XXXX9576 | 76 | XXXX3391 |
7 | XXXX2118 | 42 | XXXX3783 | 77 | XXXX6739 |
8 | XXXX0056 | 43 | XXXX6241 | 78 | XXXX6660 |
9 | XXXX9824 | 44 | XXXX1549 | 79 | XXXX5704 |
10 | XXXX4069 | 45 | XXXX6318 | 80 | XXXX4962 |
11 | XXXX4828 | 46 | XXXX5153 | 81 | XXXX3006 |
12 | XXXX8967 | 47 | XXXX2733 | 82 | XXXX5156 |
13 | XXXX3148 | 48 | XXXX1011 | 83 | XXXX2511 |
14 | XXXX2192 | 49 | XXXX2396 | 84 | XXXX7305 |
15 | XXXX9789 | 50 | XXXX6632 | 85 | XXXX2931 |
16 | XXXX4994 | 51 | XXXX1953 | 86 | XXXX4579 |
17 | XXXX1517 | 52 | XXXX3714 | 87 | XXXX5734 |
18 | XXXX4584 | 53 | XXXX3864 | 88 | XXXX4099 |
19 | XXXX4775 | 54 | XXXX6451 | 89 | XXXX4083 |
20 | XXXX3913 | 55 | XXXX5814 | 90 | XXXX4256 |
21 | XXXX9522 | 56 | XXXX4269 | 91 | XXXX9374 |
22 | XXXX8832 | 57 | XXXX3051 | 92 | XXXX9428 |
23 | XXXX5650 | 58 | XXXX6730 | 93 | XXXX5143 |
24 | XXXX9084 | 59 | XXXX9780 | 94 | XXXX0769 |
25 | XXXX6665 | 60 | XXXX1182 | 95 | XXXX1443 |
26 | XXXX6572 | 61 | XXXX5621 | 96 | XXXX1665 |
27 | XXXX2394 | 62 | XXXX6861 | 97 | XXXX0432 |
28 | XXXX2820 | 63 | XXXX6401 | 98 | XXXX1323 |
29 | XXXX8730 | 64 | XXXX7281 | 99 | XXXX4519 |
30 | XXXX4998 | 65 | XXXX3232 | 100 | XXXX9377 |
31 | XXXX3720 | 66 | XXXX3846 | ||
32 | XXXX2207 | 67 | XXXX9426 | ||
33 | XXXX9984 | 68 | XXXX0893 | ||
34 | XXXX5766 | 69 | XXXX8762 | ||
35 | XXXX0080 | 70 | XXXX5197 |