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Sequoia Mortgage Trust 2013-3

Filed: 29 Mar 16, 8:00pm

Exhibit 33.2

[FIRST REPUBLIC BANK LOGO]

Management Assessment

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) as of and for the year ended December 31, 2015, except for servicing criteria 1122(d)(1)(iii), 1122(d)(1)(v), 1122(d)(2)(iv), 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. 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’sCompliance and Disclosure Interpretation (“C&DI”) 200.06, Vendors Engaged by Servicers(C&DI 200.06) (formerly SEC Manual Telephone Interpretation 17.06). 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, 2015. 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, 2015, 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 management’s assessment of compliance with the applicable servicing criteria as of and for the year ended December 31, 2015.


/s/ Michael J. Roffler

  

2/26/16

Michael J. Roffler  Date
Executive Vice President and Chief Financial Officer  

/s/ Nancy Segreto

  

2/26/16

Nancy Segreto  Date
Senior Vice President, Lending Services  

/s/ John Glander

  

2/26/16

John Glander  Date
Vice President, Lending Strategies, Products, and Sales  


APPENDIX A

 

Investor #

  

Investor Name

  Loan Count   Balance as of 12/31/15 
50  

First Republic Preferred Capital Corp. I

   29    $31,161,485.30  
120  

Redwood Trust (Bear Stearns)

   24    $20,256,499.75  
122  

Sequioa 2007-2

   43    $42,026,140.37  
123  

SEMT 2007-3

   8    $9,694,802.13  
124  

CSMC Trust 2014-SAF1

   1    $850,363.47  
126  

MTGLQ Investors, L.P.

   120    $86,513,484.64  
127  

OneWest Bank N.A.

   680    $553,424,637.26  
128  

Sequoia Mortgage Trsut 2014-1

   63    $55,369,095.34  
129  

STIFEL BANK & TRUST

   40    $39,807,572.99  
131  

Morgan Stanley Mortgage

   93    $93,972,081.36  
132  

JP Morgan Mortgage Trust 2014-2

   306    $134,078,690.61  
133  

Sequoia Mortgage Trust 2013-12

   42    $33,881,016.64  
134  

CSMC 2014-IVR3

   58    $35,112,408.37  
135  

Citizens Bank, N.A And Various

   3    $2,042,480.53  
136  

MSRM Loan Trust 2014-1

   246    $211,543,427.42  
137  

Sequoia Mortgage Trust 2014-3

   65    $52,872,814.27  
138  

J.P. Morgan Trust 2014-IVR3

   80    $103,477,318.07  
141  

Delta Community Credit Union

   20    $20,955,483.60  
142  

Sequoia Mortgage Trust 2013-12

   47    $41,455,480.46  
143  

CSMC Trust 2014-IVR1

   10    $8,878,486.21  
144  

CSMC Trust 2013-IVR5

   1    $625,814.12  
145  

JP Morgan Mortgage TR 2014-1

   45    $40,917,466.58  
146  

Florida Community Bank, N.A.

   37    $39,817,383.57  
147  

Citizens Bank of Pennsylvania

   91    $75,038,167.19  
149  

Hudson Valley Bank

   6    $8,470,867.97  
151  

CMSC Trust 2013-7

   2    $1,711,033.47  
152  

Sequoia Mortgage Trust 2013-11

   14    $11,983,153.15  
153  

Sequoia Mortgage Trust 2013-10

   2    $1,372,434.96  
154  

CSMC Trust 2013-6

   19    $20,931,447.55  
155  

JP Morgan Mortgage Trust 2013-3

   115    $121,024,014.74  
156  

NRP MortgageTrust2013-1

   425    $384,997,651.89  
157  

CSMC Trust 2013-HYB1

   278    $299,001,824.95  
158  

CSMC Trust 2013-IVR4

   35    $36,418,311.88  
162  

Citigroup Mortgage Loan Turst Series 2005-6

   28    $14,051,836.18  
163  

SAMI II 2005-AR2

   77    $69,372,530.91  
164  

MLCC 2005-3

   31    $24,418,565.03  
165  

MLMI 2005-A10

   25    $27,215,002.51  
166  

Redwood Residential Acquisition Corp

   17    $12,761,569.35  
169  

Sequoia Mortgage Trust 2012-1

   68    $59,066,452.35  
172  

SEMT 2012-2

   73    $63,961,565.00  
173  

SEMT 2013-1

   17    $18,484,467.42  
174  

Sequoia Mortgage Trust 2012-3

   72    $68,347,234.89  
175  

Harbor View 2003-2(formerly Greenwich)

   6    $2,511,678.20  
176  

Harbor View 2004-1(formerly Greenwich)

   19    $7,796,032.60  
177  

Harbor View 2004-5(formerly Greenwich)

   7    $3,820,691.97  
178  

Harbor View 2006-6

   1    $386,154.63  
180  

MASTR 2003-5(formerly UBS Warburg)

   2    $1,589,284.40  
181  

Sequoia Mortgage Trust 2012-5

   65    $60,428,229.30  
182  

Sequoia Mortgage Trust 2013-2

   287    $255,840,603.41  
183  

Sequoia Mortgage Trust 2013-3

   72    $67,098,191.44  
184  

Sequoia Mortgage Trust 2013-4

   57    $59,769,305.26  
185  

MASTI 2003-4 (formerly UBS Warburg)

   6    $3,217,914.32  
187  

Sequoia Mortgage Trust 2013-7

   13    $10,927,431.65  
188  

Sequoia Mortgage Trust 2013-8

   4    $2,475,602.01  
189  

CSMC Trust 2013-IVR3

   29    $34,234,123.08  
191  

CSFB 2004-5

   2    $447,768.73  
192  

CSFB 2004-6

   4    $582,192.07  


APPENDIX A

 

193  

CSFB 2004-7

   1    $223,401.62  
194  

TIAA-CREF Trust Company, FSB

   273    $166,200,454.08  
195  

MLMI 2005-A1

   13    $6,493,903.20  
196  

Merrill Lynch Bank

   28    $22,855,792.70  
197  

MLCC 2006-2

   53    $28,841,347.74  
199  

Sequoia Mortgage Trust 2012-4

   48    $47,682,018.43  
200  

Sequoia Mortgage Trust 2012-6

   32    $30,502,749.17  
201  

JP Morgan Mortgage Acq. Corp.

   172    $136,599,495.92  
203  

Scottrade Bank

   102    $48,085,184.30  
204  

JP Morgan Mortgage Trust 2013-1

   251    $169,709,327.80  
207  

CSMS Trust 2013-IVR1

   99    $82,505,687.20  
209  

CSMC Trust 2013-IVR2

   163    $148,510,252.22  
215  

Bank United N.A.

   29    $30,723,502.40  
216  

North Valley Bank

   12    $13,520,460.41  
217  

Signature Bank

   13    $17,947,392.79  
244  

Independent National Mortgage

   1    $328,423.42  
248  

Washington Mutual Bank, Flow Sales (PNC)

   2    $434,020.27  
250  

CitiMortgage

   8    $2,199,496.51  
260  

CitiMortgage

   12    $2,537,145.74  
312  

Residential Funding

   18    $5,791,602.24  
330  

U.S. Bank

   2    $222,747.28  
356  

Thornburg 2008-1

   3    $1,661,970.83  
357  

Everbank

   18    $15,292,599.37  
358  

DLJ Mortgage Capital, Inc.

   1    $1,600,000.00  
360  

Northfield Bank

   287    $277,192,921.95  
361  

JP Morgan Trust 2014-OAK4

   11    $12,911,483.17  
362  

JP Morgan Mortgage Trust 2014-5

   186    $119,757,099.69  
363  

Sequoia Mortgage Trust 2014-4

   121    $103,684,910.88  
364  

JP Morgan Mortgage TR2014-IVR6

   335    $330,721,573.49  
365  

CSMC TRUST 2105-WIN1

   6    $4,943,543.60  
366  

JP Morgan Mortgage Trust 2015-1

   795    $790,866,625.61  
367  

Sequoia Mortgage Trust 2015-1

   117    $97,647,389.36  
368  

Nexbank SSB

   86    $79,453,670.04  
369  

CSMC Trust 2015-1

   5    $4,549,322.79  
370  

JP Morgan Mortgage TR2015-IVR2

   357    $343,632,109.47  
371  

CSMC TRUST 2015-2

   8    $6,112,623.16  
372  

CSMC TRUST 2015-3

   5    $3,598,272.70  
373  

Dime Bank

   35    $28,921,622.28  
375  

Sequoia Mortgage Trust 2015-2

   22    $16,093,959.12  
376  

RWT FINANCIAL, LLC

   355    $305,722,395.23  
377  

CSMLT 2015-1

   21    $16,542,704.70  
378  

JP MORGAN MORTGAGE TR 2015-3

   84    $77,481,565.04  
380  

SEQUOIA MORTGAGE TR 2015-3

   43    $39,799,119.20  
381  

GUARANTY BANK & TRUST COMPANY

   65    $49,340,795.42  
382  

CSMLT 2015-2 TRUST

   2    $1,909,949.28  
383  

Landmark Community Bank

   21    $15,194,369.69  
384  

GOLDEN PACIFIC BANK, NA

   6    $4,032,557.58  
385  

J.P. MORGAN MORTGAGE TR 2015-4

   167    $131,100,516.29  
386  

J.P. MORGAN MORTGAGE TR 2015-5

   458    $439,200,734.51  
387  

Colorado Federal Savings Bank

   71    $96,841,713.07  
388  

Nationwide Bank

   284    $240,480,457.33  
389  

Wilmington Sav Fund Society

   91    $93,114,552.35  
390  

J.P. MORGAN MORTGAGE TR 2015-6

   78    $72,232,928.32  
391  

CSMLT 2015-3 TRUST

   17    $13,017,569.83  
392  

Sequoia Mortgage Trust 2015-4

   59    $44,675,757.52  
393  

Broadway Federal Bank

   103    $99,055,258.29  
394  

New Residential Mortgage Loan

   1    $400,196.40  


APPENDIX A

 

395  

NATIIONSTAR MORTGAGE LLC., AS

   1    $1,000,000.00  
414  

Federal Home Mortgage Loan Association

   7    $487,240.16  
415  

FNMA MBS

   5    $254,188.89  
420  

THORNBURG MORTGAGE THB2003-1

   3    $1,952,362.61  
421  

THORNBURG MORTGAGE THB2003-2

   5    $2,667,788.41  
422  

THORNBURG MORTGAGE THB2003-3

   1    $927,582.46  
423  

THORNBURG MORTGAGE THB2003-4

   7    $5,196,115.63  
424  

THORNBURG MORTGAGE THB2003-5

   14    $10,471,416.92  
425  

THORNBURG MORTGAGE THB2003-6

   16    $10,764,234.62  
426  

THORNBURG MORTGAGE THB2004-1

   9    $5,196,455.94  
427  

THORNBURG MORTGAGE THB2004-2

   12    $8,466,896.05  
428  

THORNBURG MORTGAGE THB2004-3

   16    $10,969,288.31  
429  

THORNBURG MORTGAGE THB2004-4

   26    $15,705,076.35  
430  

THORNBURG MORTGAGE THB2005-1

   46    $23,211,139.52  
431  

THORNBURG MORTGAGE THB2005-2

   35    $23,269,414.17  
432  

THORNBURG MORTGAGE THB2005-3

   37    $28,764,130.13  
433  

THORNBURG MORTGAGE THB2005-4

   13    $7,329,264.64  
434  

THORNBURG MORTGAGE THB2006-1

   8    $7,306,154.33  
435  

THORNBURG MORTGAGE THB2006-2

   15    $9,626,563.95  
436  

THORNBURG MORTGAGE THB2006-3

   20    $14,964,485.55  
437  

THORNBURG MORTGAGE THB2006-4

   10    $10,739,475.27  
438  

THORNBURG MORTGAGE THB2006-5

   10    $5,089,140.43  
439  

THORNBURG MORTGAGE THB2006-6

   35    $17,005,700.56  
440  

THORNBURG MORTGAGE THB2007-1

   5    $4,346,000.00  
441  

THORNBURG MORTGAGE THB2007-2

   46    $36,848,971.99  
442  

THORNBURG MORTGAGE THB2007-3

   14    $8,259,291.18  
443  

THORNBURG MORTGAGE THB2007-4

   3    $4,011,382.91  
510  

CitiMortgage

   6    $650,347.66  
515  

Fannie Mae-Laser

   4946    $1,630,762,795.20  
516  

Bank of New Canaan

   3    $3,729,250.00  
614  

Federal Home Loan Mortgage Association

   1    $40,314.06  
633  

Chase Mortgage Services, Inc

   3    $97,910.79  
636  

Bank United of Florida

   1    $18,765.36  
637  

Bank of America

   2    $134,983.11  
720  

2002-FRB2 REMIC

   27    $15,082,818.47  
730  

2002-FRB1 REMIC

   40    $21,305,545.98  
740  

2001-FRB1 REMIC

   48    $31,286,133.09  
760  

2000-FRB1 REMIC

   19    $6,859,357.38  
770  

Bear Stearns

   10    $2,498,835.64  
775  

AAR BART 2003-5 (Bear Stearns)

   24    $8,234,515.22  
777  

HVMLT 2006-13

   1    $718,283.42  
780  

2000-FRB2 REMIC

   28    $13,528,329.93  
    

 

 

   

 

 

 
  

Total

   15,264     10,438,964,956.81