Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension 900 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. Hxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, 600 XXX Xxxxxxx current members should select option 3; Axxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West Axxxx the local bureau to contact about setting Cxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The Subservicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the Subservicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Subservicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Subservicer’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 mortgage loan documents. X 1122(d)(4)(v) The Subservicer’s records regarding the mortgage loans agree with the Subservicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Trustee: U.S. Bank National Association Securities Administrator: Master Servicer: Aurora Loan Services LLC Credit Risk Manager: PMI Insurer(s): Interest Rate Swap Counterparty: IXIS Financial Products Inc. Interest Rate Cap Counterparty: Servicer: Aurora Loan Services LLC Subservicer: GMAC Mortgage Corporation Third Party Subservicer: Originator(s): Countrywide Home Loans, Inc. and GreenPoint Mortgage Funding, Inc. Custodian(s): U.S. Bank National Association Seller: Lxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC 300 Xxxxxxxxx Xxxxx Xxxxx, 0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000 Attention: Jxxxxx X. Xxxxxx (SASCO 2006-GP2) RE: Annual officer’s certificate delivered pursuant to Section 5.05 of that certain securitization servicing agreement, dated as of May 1, 2006 (the “Agreement”), by and among Lxxxxx Brothers Holdings Inc., GMAC Mortgage Corporation, as subservicer (the “Subservicer”), Aurora Loan Services LLC, as servicer (the “Servicer”), and Aurora Loan Services LLC, as master servicer (the “Master Servicer”), and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2006-GP2 [_______], the undersigned, a duly authorized [_______] of [the Subservicer][Name of Third Party Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Securitization Subservicing Agreement (Lehman XS Trust Series 2006-Gp2)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. 11/20/95 The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Trustee: U.S. Bank National Association ~~Securities Administrator:~~ Master Servicer: Aurora Loan Services LLC ~~Credit Risk Manager~~Certificate Insurer: ~~PMI Insurer(s):~~ N/A Interest Rate Cap and Swap Counterparty: ~~IXIS~~ Swiss Re Financial Products ~~Inc.~~ Corporation Deferred Interest ~~Rate~~ Cap Counterparty: ~~Servicer~~Xxxxxx Brothers Special Financing Inc. Servicers: ~~Aurora Loan Services LLC Subservicer: GMAC Mortgage Corporation Third Party Subservicer: Originator(s):~~ IndyMac Bank, F.S.B., Bank of America, National Association, Residential Funding Company, LLC, Countrywide Home ~~Loans~~Loans Servicing LP., ~~Inc. and~~ Xxxx Financial, LLC, GreenPoint Mortgage Funding, Inc. ~~Custodian(s):~~ and Aurora Loan Services LLC Originators: IndyMac Bank, F.S.B., Bank of America, National Association, Residential Funding Company, LLC, Countrywide Home Loans, Inc., Xxxx Financial, LLC, GreenPoint Mortgage Funding, Inc. and Xxxxxx Brothers Bank, FSB Custodians: Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association and Xxxxx Fargo Bank, N.A. Seller: ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ CO 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~LXS 2007-~~GP2~~12N) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ June 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx XS Trust Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 12N [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Lehman XS Trust Series 2007-12n)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension 900 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. Hxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, 600 XXX Xxxxxxx current members should select option 3; Axxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West Axxxx the local bureau to contact about setting Cxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. N/A 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. N/A Trustee: ~~U.S. Bank National Association~~ Wxxxx Fargo Bank, N.A. Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC Credit Risk Manager: N/A PMI Insurer(s): N/A Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ [TBA] Interest Rate Cap Counterparty: ~~Servicer~~Lxxxxx Brothers Special Financing, Inc. Servicers: Aurora Loan Services ~~LLC Subservicer: GMAC Mortgage Corporation Third Party Subservicer: Originator(s):~~ LLC, Colonial Savings, F.A. and Countrywide Home ~~Loans~~Loans Servicing LP Originators: Colonial Savings, F.A., Countrywide Home Loans Servicing LP, DHI Mortgage Company, Freedom Mortgage Corp., Just Mortgage Inc., Lxxxxx Brothers Bank, FSB, Platinum Community Bank, FSB, Plaza Home Mortgage Inc. and ~~GreenPoint Mortgage Funding~~Sxxx Mortgage, Inc. Custodian(s): LaSalle Bank National Association and U.S. Bank National Association Seller: Lxxxxx Brothers Holdings Inc. Sponsor: Lxxxxx Brothers Holdings Inc. Depositor: Structured Asset Securities Corporation Issuing Entity: Structured Adjustable Rate Mortgage Loan Trust, Series 2000-0 Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 10000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~SARM 2007-~~GP2~~1) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ January 1, ~~2006~~ 2007 (the “Agreement”), by and among Lxxxxx Brothers Holdings Inc., ~~GMAC Mortgage Corporation, as subservicer (the “Subservicer”),~~ Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S. Bank National Association~~Wxxxx Fargo Bank, N.A., as Trustee, relating to the issuance of the Structured ~~Asset Investment~~ Adjustable Rate Mortgage Loan ~~Trust~~ Trust, Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 1 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-1)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension 900 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. Hxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (~~000~~800) ~~000-0000~~ 685- 5000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, 600 XXX Xxxxxxx current members should select option 3; Axxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West Axxxx the local bureau to contact about setting Cxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. N/A 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. N/A Trustee: U.S. Bank National Association Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC Credit Risk Manager: N/A PMI Insurer(s): N/A Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ ABN AMRO Bank N.V. Interest Rate Cap Counterparty: ~~Servicer~~ABN AMRO Bank N.V. Servicers: Aurora Loan Services LLC ~~Subservicer: GMAC Mortgage Corporation Third Party Subservicer: Originator(s): Countrywide Home Loans, Inc.~~ and GreenPoint Mortgage Funding, Inc. ~~Custodian(s):~~ Originator: GreenPoint Mortgage Funding, Inc. Custodian: U.S. Bank National Association Seller: Lxxxxx Brothers Holdings Inc. Sponsor: Lxxxxx Brothers Holdings Inc. Depositor: Structured Asset Securities Corporation Issuing Entity: GreenPoint Mortgage Funding Trust, Series 2007-AR3 Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 10000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~GPMF 2007-~~GP2~~AR3) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of May 1, ~~2006~~ 2007 (the “Agreement”), by and among Lxxxxx Brothers Holdings Inc., ~~GMAC Mortgage Corporation, as subservicer (the “Subservicer”),~~ Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan Trust~~ GreenPoint Mortgage Funding Trust, Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ AR3 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (GreenPoint Mortgage Funding Trust 2007-Ar3)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. 11/20/95 The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Depositor: Structured Asset Securities Corporation Trustee: ~~U.S.~~ LaSalle Bank National Association Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC Credit Risk Manager: N/A Certificate Insurer: Ambac Assurance Corporation PMI Insurer(s): N/A Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ ABN Amro Bank N.V. Interest Rate Cap Counterparty: ~~Servicer:~~ ABN Amro Bank N.V. Primary Servicer(s): Aurora Loan Services LLC ~~Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ Primary Originator(s): ~~Countrywide Home Loans~~Xxxxxx Brothers Bank, ~~Inc. and GreenPoint Mortgage Funding, Inc.~~ FSB Custodian(s): Deutsche Bank National Trust Company, U.S. Bank National Association, Xxxxx Fargo Bank, N.A. and LaSalle Bank National Association Sponsor and Seller: ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~LXS 2007-~~GP2~~14H) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ July 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S.~~ LaSalle Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx XS Trust Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 14H [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Lehman XS Trust 2007-14h)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Sponsor and Seller: Xxxxxx Brothers Holdings Inc. Depositor: Structured Asset Securities Corporation Trustee: ~~U.S.~~ LaSalle Bank National Association Securities Administrator: None Master Servicer: Aurora Loan Services LLC ~~Credit Risk Manager~~Certificate Insurer: None PMI Insurer(s): None Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ HSBC Bank USA, National Association Interest Rate Cap Counterparty: ~~Servicer:~~ HSBC Bank USA, National Association Primary Servicer(s): Aurora Loan Services LLC ~~Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ Primary Originator(s): ~~Countrywide Home Loans~~Xxxxxx Brothers Bank, ~~Inc. and GreenPoint Mortgage Funding, Inc.~~ FSB Custodian(s): U.S. Bank National ~~Association Seller: Lxxxxx Brothers Holdings Inc.~~ Association, LaSalle Bank National Association, Deutsche Bank National Trust Company and Xxxxx Fargo Bank, N.A. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~LXS 2007-~~GP2~~8H) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of May 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S.~~ LaSalle Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx XS Trust Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 8H [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (LXS 2007-8h)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services 000 XXX Xxxxxxx Xxxxx, Xxxxx 00000 Call (000) 000-0000 for all inquiries, ~~600 XXX Xxxxxxx~~ current members should select option 3; ~~Axxxx, Xxxxx 00000~~ lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. N/A 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. N/A Trustee: U.S. Bank National Association Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC Credit Risk Manager: N/A PMI ~~Insurer(s):~~ Insurer: N/A Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ N/A Interest Rate Cap Counterparty: ~~Servicer~~N/A Servicers: Aurora Loan Services LLC ~~Subservicer~~and Colonial Savings F.A. Originators: ~~GMAC~~ American Home Mortgage ~~Corporation Third Party Subservicer: Originator(s): Countrywide Home Loans~~Company, ~~Inc. and~~ GreenPoint Mortgage Funding, ~~Inc. Custodian(s):~~ Inc., Xxxxxx Brothers Bank, FSB, Sovereign Bank FSB and Weichert Financial Services Custodians: Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association and Xxxxx Fargo Bank, N.A. Seller: ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~SARM 2007-~~GP2~~10) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ October 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the Structured ~~Asset Investment~~ Adjustable Rate Mortgage Loan ~~Trust~~ Trust, Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 10 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar ~~year][identify other period~~year][period beginning on the Cut-off Date and] ending on December 31, 20[__]:] (the “Reporting Period”):

Appears in 1 contract

Samples: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-10)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. 11/20/95 The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Trustee: U.S. Bank National Association ~~Securities Administrator:~~ Master Servicer: Aurora Loan Services LLC ~~Credit Risk Manager~~Certificate Insurer: ~~PMI Insurer(s):~~ Ambac Insurance Corporation Interest Rate Cap and Swap Counterparty: ~~IXIS Financial Products Inc.~~ HSBC Bank USA, National Association Deferred Interest ~~Rate~~ Cap Counterparty: ~~Servicer~~Xxxxxx Brothers Special Financing Inc. Servicers: ~~Aurora Loan Services~~ IndyMac Bank, F.S.B., Bank of America, National Association, Residential Funding Company, LLC, Countrywide Home Loans Servicing LP, GreenPoint Mortgage Funding, Inc., American Home Mortgage Servicing Inc., GMAC Mortgage, LLC ~~Subservicer~~and SunTrust Mortgage, Inc. Originators: ~~GMAC Mortgage Corporation Third Party Subservicer: Originator(s):~~ IndyMac Bank, F.S.B., Bank of America, National Association, Residential Funding Company, LLC, Countrywide Home Loans, ~~Inc. and~~ Inc., GreenPoint Mortgage Funding, Inc., American Home Mortgage Corp., Quicken Loans, Inc., SunTrust Mortgage, Inc. ~~Custodian(s):~~ and Xxxxxx Brothers Bank, FSB Custodians: Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association and Xxxxx Fargo Bank, N.A. Seller: ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ CO 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~LXS 2007-~~GP2~~15N) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ July 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx XS Trust Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 15N [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar ~~year][identify other period~~year][period beginning on the Cut-off Date and] ending on December 31, 20[__]:] (the “Reporting Period”):

Appears in 1 contract

Samples: Servicing Agreement (Lehman XS Trust Series 2007-15n)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension 900 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. Hxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, 600 XXX Xxxxxxx current members should select option 3; Axxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West Axxxx the local bureau to contact about setting Cxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Trustee: U.S. Bank National Association Securities Administrator: Wxxxx Fargo Bank, N.A. Master Servicer: Aurora Loan Services LLC Credit Risk Manager: n/a PMI Insurer(s): n/a Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ n/a Interest Rate Cap Counterparty: ~~Servicer: Aurora Loan Services LLC Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ n/a Servicer(s): Countrywide Home Loans Servicing LP Originator(s): Countrywide Home ~~Loans, Inc. and GreenPoint Mortgage Funding, Inc.~~ Loans Servicing LP Custodian(s): Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association and Wxxxx Fargo Bank, N.A. Seller: Lxxxxx Brothers Holdings Inc. Sponsor: Lxxxxx Brothers Holdings Inc. Depsoitor: Structured Asset Securities Corporation Issing Entity: Structured Adjustable Rate Mortgage Loan Trust, Series 2006-3 Via Overnight Delivery [DATE] To: Aurora Loan Services LLC 300 Xxxxxxxxx Xxxxx ~~Xxxxx, 0xx~~ Xxxxx ~~Xxxxxxxxx~~Mail Stop 3199 Exxxxxxxx, Xxxxxxxx 00000 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO~~ SAIL 2006-~~GP2~~3) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ March 1, 2006 (the “Agreement”), by and among Lxxxxx Brothers Holdings Inc., ~~GMAC Mortgage Corporation, as subservicer (the “Subservicer”),~~ Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2006-~~GP2~~ 3 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-3)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. 11/20/95 The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Sponsor and Seller: Xxxxxx Brothers Holdings Inc. Depositor: Structured Asset Securities Corporation Trustee: ~~U.S.~~ LaSalle Bank National Association Securities Administrator: None Master Servicer: Aurora Loan Services LLC Credit Risk Manager: None PMI Insurer(s): None Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ ABN AMRO Bank N.V. Interest Rate Cap Counterparty: ~~Servicer:~~ Xxxxxx Brothers Specialty Financing Inc. Servicer(s): Aurora Loan Services ~~LLC Subservicer:~~ LLC, GMAC Mortgage ~~Corporation Third Party Subservicer: Originator(s): Countrywide Home Loans~~Corporation, IndyMac Bank, F.S.B., SunTrust Mortgage, Inc. and ~~GreenPoint Mortgage Funding~~Xxxxx Fargo Bank, ~~Inc.~~ N.A. Originator(s): Xxxxxx Brothers Bank, IndyMac Bank, F.S.B., American Home Mortgage, Alliance Bancorp and First National Bank of Nevada Custodian(s): U.S. Bank National ~~Association Seller: Lxxxxx Brothers Holdings Inc.~~ Association, LaSalle Bank National Association, Deutsche Bank National Trust Company and Xxxxx Fargo Bank, N.A. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO~~ LXS 2006-~~GP2~~11) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ July 1, 2006 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S.~~ LaSalle Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx XS Trust Mortgage Pass-Through Certificates, Series 2006-~~GP2~~ 11 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Lehman XS Trust 2006-11)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600 XXX Xxxxxxx~~ current members should select option 3; ~~Axxxx, Xxxxx 00000~~ lenders that need to set up an account should select Option 4. 000 XXX Xxxxxxx Xxxxx, Xxxxx 00000 Trans Union Corporation Call (000) 000-0000 to get the name of ~~555 West Axxxx~~ the local bureau to contact about setting ~~Cxxxxxx, Xxxxxxxx 00000~~ up an account or obtaining other information. 000 Xxxx Xxxxx Chicago, Illinois 60661 The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. [NAME OF THE SERVICER] [NAME OF SUBSERVICER/SUBCONTRACTOR] Date: _________________________ By: ________________________________ Name: Title: Trustee: ~~U.S.~~ LaSalle Bank National Association ~~Securities Administrator:~~ Master Servicer: Aurora Loan ~~Services~~ Services, LLC Credit Risk Manager: PMI Insurer(s): Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ Interest Rate Cap Counterparty: ~~Servicer:~~ Servicer(s): Aurora Loan ~~Services~~ Services, LLC ~~Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ Originator(s): ~~Countrywide Home Loans, Inc. and GreenPoint Mortgage Funding, Inc. Custodian(s): U.S.~~ LaSalle Bank National Association and U.S. Bank, N.A. Custodian(s): LaSalle Bank National Association and U.S. Bank, N.A. Seller: ~~Lxxxxx~~ Xxxxxx Brothers ~~Holdings~~ Holdings, Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300~~ 000 Xxxxxxxxx Xxxxx ~~Xxxxx, 0xx~~ Xxxxx Mail Stop 3199 Xxxxxxxxx, Xxxxxxxx 00000 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO~~ LMT 2006-~~GP2~~2) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ March 1, 2006 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S.~~ LaSalle Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx Mortgage Trust Mortgage Pass-Through Certificates, Series 2006-~~GP2~~ 2 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Lehman Mortgage Trust 2006-2)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. 11/20/95 The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, ,” as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: :” 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X x 1122(d)(1)(ii) 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. X x 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X x 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X x 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X x 1122(d)(2)(iii) 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. X x 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X x 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X x 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X x 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X x 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X x 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X x 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X x 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X x 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X x 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X x 1122(d)(4)(iii) 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. X x 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X x 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X x 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X x 1122(d)(4)(vii) 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 agreements. X x 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X x 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X x 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X x 1122(d)(4)(xi) 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. X x 1122(d)(4)(xii) 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. X x 1122(d)(4)(xiii) 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. X x 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X x 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. ~~Trustee:~~ Trustee U.S. Bank National Association ~~Securities Administrator:~~ Master ~~Servicer:~~ Servicer Aurora Loan Services LLC Credit Risk ~~Manager: PMI Insurer(s):~~ Manager OfficeTiger Global Real Estate Services Inc. Interest Rate Swap ~~Counterparty: IXIS Financial Products~~ Counterparty Xxxxxx Brothers Special Financing Inc. Interest Rate Cap ~~Counterparty: Servicer:~~ Counterparty Xxxxxx Brothers Special Financing Inc. Servicer(s) Aurora Loan Services ~~LLC Subservicer: GMAC Mortgage~~ LLC, HomEq Servicing and Xxxxx Fargo Bank, N.A. Originator(s) Equifirst Corporation ~~Third Party Subservicer: Originator(s): Countrywide Home Loans~~and Xxxxxx Brothers Bank, ~~Inc.~~ FSB Custodian(s) LaSalle Bank National Association, Xxxxx Fargo Bank, N.A. and ~~GreenPoint Mortgage Funding, Inc. Custodian(s):~~ U.S. Bank National Association ~~Seller: Lxxxxx~~ Seller Xxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (SASCO ~~2006~~2007-~~GP2~~BC2) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ February 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the Structured Asset ~~Investment Loan Trust~~ Securities Corporation Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ BC2 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc2)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services 000 XXX Xxxxxxx Xxxxx, Xxxxx 00000 Call (000) 000-0000 for all inquiries, ~~600 XXX Xxxxxxx~~ current members should select option 3; ~~Axxxx, Xxxxx 00000~~ lenders that need to set up an account should select Option 4. Trans Union Corporation 000 Xxxx Xxxxx Xxxxxxx, Illinois 60661 Call (000) 000-0000 to get the name of ~~555 West Axxxx~~ the local bureau to contact about setting ~~Cxxxxxx, Xxxxxxxx 00000~~ up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Sponsor and Seller: Xxxxxx Brothers Holdings Inc. Depositor: Structured Asset Securities Corporation Trustee: ~~U.S.~~ LaSalle Bank National Association Securities Administrator: None Master Servicer: Aurora Loan Services LLC Credit Risk Manager: None PMI Insurer(s): Mortgage Guaranty Insurance Corporation and PMI Mortgage Insurance Co. Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ ABN AMRO Bank N.V. Interest Rate Cap Counterparty: ~~Servicer:~~ ABN AMRO Bank N.V. Primary Servicer(s): Aurora Loan Services ~~LLC Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ LLC, IndyMac Bank, F.S.B., Xxxxx Fargo Bank, N.A. and Countrywide Home Loans Servicing LP Primary Originator(s): ~~Countrywide Home Loans~~Xxxxxx Brothers Bank, ~~Inc.~~ FSB, IndyMac Bank, F.S.B. and ~~GreenPoint Mortgage Funding~~Xxxxx Fargo Bank, ~~Inc.~~ N.A. Custodian(s): U.S. Bank National ~~Association Seller: Lxxxxx Brothers Holdings Inc.~~ Association, LaSalle Bank National Association, Deutsche Bank National Trust Company and Xxxxx Fargo Bank, N.A. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~LXS 2007-~~GP2~~1) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ January 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S.~~ LaSalle Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx XS Trust Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 1 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Lehman XS Trust 2007-1)

Company Telephone Number. Consumer Credit Associates, Inc. Call (~~000~~710) 000-0000, ~~either~~ xither extension ~~900 Xxxxxxxxxxxx~~ 950 Txxxxxxxxxxx Xxxxxx, Xxxxx 000 ~~150~~000, 101, or 112, for all inquiries. ~~Hxxxxxx~~Houston, ~~Xxxxx 00000~~Texas 77079-~~0000~~ 2903 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (~~000~~800) 000-0000 ~~and~~ xxd select the customer assistance option. TRW Information Systems & Services Call (~~000~~800) 000-0000 ~~for~~ xxr all inquiries, ~~600 XXX~~ 601 TXX Xxxxxxx ~~current~~ xxxxent members should select option 3; ~~Axxxx~~Allen, Xxxxx 00000 ~~lenders~~ xxxxers that need to set up an account should select Option 4. Trans Union Corporation Call (~~000~~310) 000-0000 to xx get the name of 555 West ~~Axxxx the~~ Adaxx xxe local bureau to contact about setting ~~Cxxxxxx~~Chicaxx, Xxxxxxxx 00000 ~~up an~~ xx xn account or obtaining other information. EXHIBIT H SERVICING CRITERIA TO BE ADDRESSED IN REPORT ON ASSESSMENT OF COMPLIANCE The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx in~~ marx xx the column titled “Applicable Servicing Criteria”: Servicing Criteria Applicable Servicing Criteria Reference Criteria General Servicing Considerations 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X Cash Collection and Administration 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X Servicing Criteria Applicable Servicing Criteria Reference Criteria Investor Remittances and Reporting 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X Pool Asset Administration 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. EXHIBIT I TRANSACTION PARTIES Trustee: ~~U.S.~~ HSBC Bank ~~National Association~~ USA, NATIONAL ASSOCIATION Securities Administrator: Welxx Xxrgo Bank, N.A. Master Servicer: Aurora Loan Services LLC Credit Risk Manager: N/A. PMI Insurer(s): N/A. Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ N/A. Interest Rate Cap Counterparty: ~~Servicer:~~ Lehxxx Xxothers Special Financing Inc. Servicer(s): Aurora Loan Services ~~LLC Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ LLC, IndyMac Bank, F.S.B. and Welxx Xxrgo Bank, N.A. Originator(s): ~~Countrywide Home Loans~~Lehxxx Xxothers Bank, ~~Inc.~~ F.S.B., Welxx Xxrgo Bank, N.A., and ~~GreenPoint Mortgage Funding~~IndyMac Bank, ~~Inc.~~ F.S.B. Custodian(s): U.S. Bank National ~~Association~~ Association, LaSalle Bank National Association, Deutsche Bank National Trust Company and Welxx Xxrgo Bank, N.A. Seller: ~~Lxxxxx Brothers Holdings~~ Lehxxx Xxothers Holdings, Inc. EXHIBIT J FORM OF ANNUAL OFFICER’S CERTIFICATE Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 327 Ixxxxxxxx Xxxxx ~~Xxxxx, 0xx~~ Xxxxx ~~Xxxxxxxxx~~Xxxl Stop 3199 Englexxxx, Xxxxxxxx 00000 ~~Attention~~Xxxention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO~~ LMT 2006-~~GP2~~5) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ August 1, 2006 (the “Agreement”), by and among ~~Lxxxxx Brothers~~ Lehxxx Xxothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S. Bank~~ HSBC Bank, National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Lehxxx Xxrtgage Trust Mortgage Pass-Through Certificates, Series 2006-~~GP2~~ 5 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Lehman Mortgage Trust 2006-5)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation 000 Xxxx Xxxxx Xxxxxxx, Illinois 60661 Call (000) 000-0000 to get the name of ~~555 West Axxxx~~ the local bureau to contact about ~~setting Cxxxxxx, Xxxxxxxx 00000 up~~ settingup an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. ~~Trustee:~~ Trustee U.S. Bank National Association ~~Securities Administrator:~~ Master ~~Servicer:~~ Servicer Aurora Loan Services LLC Credit Risk ~~Manager: PMI Insurer(s):~~ Manager OfficeTiger Global Real Estate Services Inc. Interest Rate Swap ~~Counterparty: IXIS Financial Products~~ Counterparty Xxxxxx Brothers Special Financing Inc. Interest Rate Cap ~~Counterparty: Servicer:~~ Counterparty Xxxxxx Brothers Special Financing Inc. Servicer(s) Aurora Loan Services ~~LLC Subservicer: GMAC Mortgage~~ LLC, HomEq Servicing and Xxxxx Fargo Bank, N.A. Originator(s) Equifirst Corporation ~~Third Party Subservicer: Originator(s): Countrywide Home Loans~~and Xxxxxx Brothers Bank, ~~Inc.~~ FSB Custodian(s) LaSalle Bank National Association, Xxxxx Fargo Bank, N.A. and ~~GreenPoint Mortgage Funding, Inc. Custodian(s):~~ U.S. Bank National Association ~~Seller: Lxxxxx~~ Seller Xxxxxx Brothers Holdings Inc. Depostior Structured Asset Securities Corporation Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx~~ Xxxxx X. ~~Xxxxxx~~ Xxxxxxx (SASCO ~~2006~~2007-~~GP2~~BC2) RE: Annual officer’s certificate delivered pursuant to Section 5.05 of that certain securitization servicing agreement, dated as of ~~May~~ February 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc., ~~GMAC Mortgage Corporation, as subservicer (the “Subservicer”), Aurora Loan Services LLC~~HomEq Servicing, as servicer (the “Servicer”), ) and Aurora Loan Services LLC, as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the Structured Asset ~~Investment Loan Trust~~ Securities Corporation Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ BC2 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc2)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension 900 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. Hxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (~~000~~800) ~~000-~~600- 0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, 600 XXX Xxxxxxx current members should select option 3; Axxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West Axxxx the local bureau to contact about setting Cxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Trustee: U.S. Bank National Association Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC ~~Credit Risk Manager: PMI~~ Certificate Insurer(s): Financial Security Assurance Inc. Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc. Interest Rate~~ N/A Cap Counterparty: ~~Servicer: Aurora Loan Services~~ Lxxxxx Brothers Special Financing Inc. Servicer(s): GMAC Mortgage, LLC ~~Subservicer: GMAC~~ and GreenPoint Mortgage ~~Corporation Third Party Subservicer:~~ Funding, Inc. Originator(s): ~~Countrywide Home Loans, Inc. and~~ GreenPoint Mortgage Funding, Inc. Custodian(s): U.S. Bank National Association Seller: Lxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC 300 Xxxxxxxxx Xxxxx Xxxxx, 0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000 Attention: Jxxxxx X. Xxxxxx (~~SASCO~~ GPMF 2006-~~GP2~~AR7) RE: Annual officer’s certificate delivered pursuant to Section 5.05 of that certain securitization servicing agreement, dated as of ~~May~~ November 1, 2006 (the “Agreement”), by and among Lxxxxx Brothers Holdings Inc., GMAC ~~Mortgage Corporation~~Mortgage, ~~as subservicer (the “Subservicer”), Aurora Loan Services~~ LLC, as servicer (the “Servicer”), ) and Aurora Loan Services LLC, as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ GreenPoint Mortgage Funding Trust Mortgage Pass-Through Certificates, Series 2006-~~GP2~~ AR7 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Securitization Servicing Agreement (GreenPoint Mortgage Funding Trust 2006-Ar7)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension 900 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. Hxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, 600 XXX Xxxxxxx current members should select option 3; Axxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West Axxxx the local bureau to contact about setting Cxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. N/A 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. N/A Trustee: ~~U.S. Bank National Association~~ Wxxxx Fargo Bank, N.A. Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC Credit Risk Manager: N/A PMI Insurer(s): N/A Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ ABN AMRO Bank, N.V. Interest Rate Cap Counterparty: ~~Servicer~~Lxxxxx Brothers Special Financing, Inc. Servicers: Aurora Loan Services LLC, Countrywide Home Loans Servicing LP, PHH Mortgage Corp. and Residential Funding Company, LLC ~~Subservicer~~Originators: ~~GMAC~~ American Home Mortgage ~~Corporation Third Party Subservicer: Originator(s):~~ Corporation, Countrywide Home Loans, ~~Inc.~~ Inc., Freedom Mortgage Corp., Home Loan Corporation, PHH Mortgage Corporation, Lxxxxx Brothers Bank, FSB, Meridias Capital, Inc., Mortgage IT, Inc., Residential Funding Company LLC and ~~GreenPoint~~ Sxxx Mortgage ~~Funding,~~ Inc. Custodian(s): Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association and Wxxxx Fargo Bank, N.A. Seller: Lxxxxx Brothers Holdings Inc. Sponsor: Lxxxxx Brothers Holdings Inc. Depositor: Structured Asset Securities Corporation Issuing Entity: Structured Adjustable Rate Mortgage Loan Trust, Series 2000-0 Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 10000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~SARM 2007-~~GP2~~3) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ March 1, ~~2006~~ 2007 (the “Agreement”), by and among Lxxxxx Brothers Holdings Inc., ~~GMAC Mortgage Corporation, as subservicer (the “Subservicer”),~~ Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S. Bank National Association~~Wxxxx Fargo Bank, N.A., as Trustee, relating to the issuance of the Structured ~~Asset Investment~~ Adjustable Rate Mortgage Loan ~~Trust~~ Trust, Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 3 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-3)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension 900 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. Hxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, 600 XXX Xxxxxxx current members should select option 3; Axxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West Axxxx the local bureau to contact about setting Cxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. ~~Trustee: U.S. Bank National Association~~ Trustee Citibank, N.A. Securities ~~Administrator:~~ Administrator N/A Master ~~Servicer:~~ Servicer Aurora Loan Services LLC Credit Risk ~~Manager:~~ Manager Cxxxxxx Fixed Income Services Inc. PMI Insurer(s): ) N/A Interest Rate Swap ~~Counterparty: IXIS Financial Products Inc. Interest Rate Cap Counterparty: Servicer:~~ Counterparty Wachovia Bank, National Association Servicer(s) Aurora Loan Services LLC ~~Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ Originator(s~~): Countrywide Home Loans~~) Lxxxxx Brothers Bank, ~~Inc. and GreenPoint Mortgage Funding, Inc.~~ FSB Custodian(s): ) U.S. Bank National Association, LaSalle Bank National Association ~~Seller:~~ Seller Lxxxxx Brothers Holdings Inc. Sponsor Lxxxxx Brothers Holdings Inc. Depositor Structured Asset Securities Corporation Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 10000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: Jxxxxx X. Xxxxxx (SASCO 2006-~~GP2~~S4) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ December 1, 2006 (the “Agreement”), by and among Lxxxxx Brothers Holdings Inc., ~~GMAC Mortgage Corporation, as subservicer (the “Subservicer”),~~ Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S. Bank National Association~~Citibank, N.A., as Trustee, relating to the issuance of the Structured Asset ~~Investment Loan Trust~~ Securities Corporation Mortgage Pass-Through Certificates, Series 2006-~~GP2~~ S4. [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Sasco 2006-S4)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Depositor: Structured Asset Securities Corporation Trustee: ~~U.S. Bank National Association~~ Xxxxx Fargo Bank, N.A. Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC Credit Risk Manager: N/A PMI Insurer(s): N/A Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ N/A Interest Rate Cap Counterparty: ~~Servicer:~~ Xxxxxx Brothers Special Financing, Inc. Servicer(s): Aurora Loan Services ~~LLC Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ LLC, IndyMac Federal Bank, FSB and Countrywide Home Loans Servicing, LP. Primary Originator(s): ~~Countrywide Home Loans~~Xxxxxx Brothers Bank, ~~Inc. and GreenPoint Mortgage Funding, Inc.~~ FSB. Custodian(s): LaSalle Bank National Association and U.S. Bank National ~~Association~~ Association. Sponsor and Seller: ~~Lxxxxx~~ Xxxxxx Brothers ~~Holdings~~ Holdings, Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, Colorado 80124 Attention: Xxxxxxx Xxxx (LMT 2008-6) Structured Asset Securities Corporation 000 Xxxxxxx Xxxxxx, 0xx Xxxxx ~~Xxxxxxxxx~~Xxx Xxxx, Xxx Xxxx 00000 Xxxxxx Brothers Holdings Inc. 000 Xxxxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Xxxxx Fargo Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Attention: ~~Jxxxxx X. Xxxxxx (SASCO 2006~~Client Services Xxxxxxx, XXX 0000-~~GP2)~~ 0 RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing ~~agreement,~~ agreement dated as of ~~May~~ August 1, ~~2006~~ 2008 (the “Agreement”), ~~by and~~ among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by ~~U.S. Bank National Association~~Xxxxx Fargo Bank, N.A., as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx Mortgage Trust Mortgage Pass-Through Certificates, Series ~~2006~~2008-~~GP2~~ 6 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Lehman Mortgage Trust 2008-6)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 ~~150~~000000, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. 11/20/95 The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Trustee: U.S. Bank National Association Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC ~~Credit Risk Manager: PMI Insurer(s):~~ Interest Rate Swap and Cap Counterparty: ~~IXIS Financial Products Inc.~~ HSBC Bank USA, National Association Certificate Insurer: Ambac Insurance Corporation Deferred Interest Rate Cap Counterparty: ~~Servicer:~~ Xxxxxx Brothers Special Financing Inc. Servicer(s): Aurora Loan Services LLC, GreenPoint Mortgage Funding, Inc., American Home Mortgage Corp., Bank of America, National Association, IndyMac Bank F.S.B., Residential Funding Company, LLC, Countrywide Home Loans Servicing LP, SunTrust Mortgage Inc. and GMAC Mortgage, LLC ~~Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ Originator(s): GreenPoint Mortgage Funding, Inc., American Home Mortgage Corp., Bank of America, National Association, IndyMac Bank F.S.B., Residential Funding Company, LLC, Countrywide Home Loans, Inc., Quicken Loans Inc., Xxxxxx Brothers Bank, FSB and SunTrust Mortgage Inc. ~~and GreenPoint Mortgage Funding, Inc. Custodian(s):~~ Custodian: U.S. Bank National ~~Association~~ Association, Deutsche Bank National Trust Company, LaSalle Bank National Association, and Xxxxx Fargo Bank, N.A. Seller: ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ Colorado 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Xxxxxxx Xxxx (~~SASCO 2006~~LXS 2007-~~GP2~~15N) RE: Annual officer’s certificate delivered pursuant to Section 5.05 of that certain securitization servicing agreement, dated as of ~~May~~ July 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc., GMAC ~~Mortgage Corporation~~Mortgage, ~~as subservicer (the “Subservicer”), Aurora Loan Services~~ LLC, as servicer (the “Servicer”), ) and Aurora Loan Services LLC, as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx XS Trust Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 15N [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar ~~year][identify other period~~year][period beginning on the Cut-off Date and] ending on December 31, 20[__]:] (the “Reporting Period”):

Appears in 1 contract

Samples: Securitization Servicing Agreement (Lehman XS Trust Series 2007-15n)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900~~ 000 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Xxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600~~ 000 XXX Xxxxxxx current members should select option 3; ~~Axxxx~~Xxxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Xxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Depositor: Structured Asset Securities Corporation Trustee: U.S. Bank National Association Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC Credit Risk Manager: N/A PMI Insurer(s): N/A Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ N/A Interest Rate Cap Counterparty: ~~Servicer:~~ Xxxxxx Brothers Special Financing Inc. Servicer(s): Aurora Loan Services ~~LLC Subservicer: GMAC~~ LLC, National City Mortgage Co. and PHH Mortgage Corporation ~~Third Party Subservicer:~~ Primary Originator(s): ~~Countrywide Home Loans~~Sovereign Bank, ~~Inc.~~ FSB, National City Mortgage Co. and ~~GreenPoint Mortgage Funding~~Xxxxxx Brothers Bank, ~~Inc.~~ FSB. Custodian(s): LaSalle Bank National Association, Xxxxx Fargo Bank, N.A. and U.S. Bank National Association Sponsor and Seller: ~~Lxxxxx~~ Xxxxxx Brothers ~~Holdings~~ Holdings, Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 00000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx~~ Colorado 80124 Attention: Xxxxxx X. Xxxxxx (LMT 2007-6) Structured Asset Securities Corporation 000 Xxxxxxx Xxxxxx, 00xx Xxxxx ~~Xxxxxxxxx~~Xxx Xxxx, ~~Xxxxxxxx~~ Xxx Xxxx 10019 U.S. Bank National Association Xxx Xxxxxxx Xxxxxx, Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxxxxx 00000 Attention: ~~Jxxxxx X. Xxxxxx (SASCO 2006~~Structured Finance Xxxxxxxxxx, XXX 0000-~~GP2)~~ 0 RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing ~~agreement,~~ agreement dated as of ~~May~~ June 1, ~~2006~~ 2007 (the “Agreement”), ~~by and~~ among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx Mortgage Trust Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 6 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Servicing Agreement (Lehman Mortgage Trust 2007-6)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension 900 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. Hxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, 600 XXX Xxxxxxx current members should select option 3; Axxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West Axxxx the local bureau to contact about setting Cxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Trustee: U.S. Bank National Association Securities Administrator: N/A Master Servicer: Aurora Loan Services LLC Credit Risk Manager: N/A PMI Insurer(s): N/A Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ N/A Interest Rate Cap Counterparty: ~~Servicer:~~ N/A Servicer(s): Aurora Loan Services LLC ~~Subservicer: GMAC Mortgage Corporation Third Party Subservicer:~~ Originator(s): ~~Countrywide Home Loans, Inc. and~~ GreenPoint Mortgage Funding, Inc. Custodian(s): U.S. Bank National Association Seller: Lxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC 300 Xxxxxxxxx Xxxxx Xxxxx, 0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000 Attention: Jxxxxx X. Xxxxxx (~~SASCO~~ LXS 2006-GP2) RE: Annual officer’s certificate delivered pursuant to Section 5.05 of that certain securitization servicing agreement, dated as of May 1, 2006 (the “Agreement”), by and among Lxxxxx Brothers Holdings Inc., ~~GMAC Mortgage Corporation, as subservicer (the “Subservicer”),~~ Aurora Loan Services LLC, as servicer (the “Servicer”), ) and Aurora Loan Services LLC, as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Lxxxxx XS Trust Mortgage Pass-Through Certificates, Series 2006-GP2 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Securitization Servicing Agreement (Lehman XS Trust Series 2006-Gp2)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension 900 Xxxxxxxxxxxx Xxxxxx, Xxxxx 000 150, 101, or 112, for all inquiries. Hxxxxxx, Xxxxx 00000-0000 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, 600 XXX Xxxxxxx current members should select option 3; Axxxx, Xxxxx 00000 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West Axxxx the local bureau to contact about setting Cxxxxxx, Xxxxxxxx 00000 up an account or obtaining other information. 11/20/95 The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Trustee: U.S. Bank National Association ~~Securities Administrator:~~ Master Servicer: Aurora Loan Services LLC Credit Risk Manager: ~~PMI Insurer(s):~~ Office Tiger Global Real Estate Services Inc. Interest Rate Swap Counterparty: ~~IXIS Financial Products Inc.~~ Wachovia Bank, National Association Interest Rate Cap Counterparty: ~~Servicer~~Wachovia Bank, National Association Servicer(s): National City Home Loan Services, Inc. Mortgage Loan Seller: ~~Aurora Loan Services LLC Subservicer: GMAC Mortgage~~ First Franklin Financial Corporation ~~Third Party Subservicer:~~ Originator(s): ~~Countrywide Home Loans~~First Franklin, ~~Inc. and GreenPoint Mortgage Funding, Inc.~~ a division of National City Bank Custodian(s): ~~U.S.~~ U.S Bank National Association Seller: Lxxxxx Brothers Holdings Inc. Via Overnight Delivery [DATE] To: Aurora Loan Services LLC 300 Xxxxxxxxx Xxxxx Xxxxx, 0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000 Attention: Jxxxxx X. Xxxxxx (~~SASCO~~ FFMLT 2006-~~GP2~~FF14) RE: Annual officer’s certificate delivered pursuant to Section 5.05 of that certain securitization servicing agreement, dated as of ~~May~~ September 1, 2006 (the “Agreement”), by and among Lxxxxx Brothers Holdings Inc., ~~GMAC Mortgage Corporation~~National City Home Loan Services, ~~as subservicer (the “Subservicer”), Aurora Loan Services LLC~~Inc., as servicer (the “Servicer”), ) and Aurora Loan Services LLC, as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment~~ First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2006-~~GP2~~ FF14 [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar year][identify other period] ending on December 31, 20[__]:

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff14)

Company Telephone Number. Consumer Credit Associates, Inc. Call (000) 000-0000, either extension ~~900 Xxxxxxxxxxxx Xxxxxx~~950 Threadneedle Street, ~~Xxxxx 000~~ Suite 200 150, 101, or 112, for all inquiries. ~~Hxxxxxx~~Houston, ~~Xxxxx 00000~~Texas 77079-~~0000~~ 2903 Equifax Members that have an account number may call their local sales representative for all inquiries; lenders that need to set up an account should call (000) 000-0000 and select the customer assistance option. TRW Information Systems & Services Call (000) 000-0000 for all inquiries, ~~600 XXX Xxxxxxx~~ 601 TRW Parkway current members should select option 3; ~~Axxxx~~Allen, ~~Xxxxx 00000~~ Texas 75002 lenders that need to set up an account should select Option 4. Trans Union Corporation Call (000) 000-0000 to get the name of 555 West ~~Axxxx~~ Xxxxx the local bureau to contact about setting ~~Cxxxxxx~~Chicago, ~~Xxxxxxxx 00000~~ Illinois 60661 up an account or obtaining other information. 11/20/95 The ~~Subservicer~~ Servicer shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a ~~mxxx~~ xxxx in the column titled “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) 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. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) 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 agreements. X 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) 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. X 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. X 1122(d)(2)(v) 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 Rule 13k-1(b)(1) of the Securities Exchange Act. X 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 1122(d)(2)(vii) 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 are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) 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. X 1122(d)(3)(i) 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 mortgage loans serviced by the ~~Subservicer~~Servicer. X 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the ~~Subservicer~~Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X 1122(d)(4)(i) Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents. X 1122(d)(4)(ii) Mortgage loan and related documents are safeguarded as required by the transaction agreements X 1122(d)(4)(iii) 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. X 1122(d)(4)(iv) Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the ~~Subservicer~~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 mortgage loan documents. X 1122(d)(4)(v) The ~~Subservicer~~Servicer’s records regarding the mortgage loans agree with the ~~Subservicer~~Servicer’s records with respect to an obligor’s unpaid principal balance. X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's mortgage loans (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. X 1122(d)(4)(vii) 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 agreements. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents. X 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan 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 mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xi) 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. X 1122(d)(4)(xii) 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. X 1122(d)(4)(xiii) 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. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. Trustee: U.S. Bank National Association ~~Securities Administrator:~~ Master Servicer: Aurora Loan Services LLC ~~Credit Risk Manager~~Certificate Insurer: ~~PMI Insurer(s):~~ Assured Guaranty Corp. Interest Rate Cap and Swap Counterparty: ~~IXIS~~ ABN AMRO Bank N.V. and Swiss Re Financial Products ~~Inc.~~ Corporation Deferred Interest ~~Rate~~ Cap Counterparty: ~~Servicer~~N/A Servicers: Countrywide Home Loans Servicing LP. and Aurora Loan Services LLC ~~Subservicer~~Originators: ~~GMAC Mortgage Corporation Third Party Subservicer: Originator(s):~~ Countrywide Home Loans, ~~Inc. and~~ Inc., GreenPoint Mortgage Funding, Inc., Quicken Loans, Inc. ~~Custodian(s):~~ and Xxxxxx Brothers Bank, FSB Custodians: LaSalle Bank National Association and U.S. Bank National Association Seller: ~~Lxxxxx~~ Xxxxxx Brothers Holdings ~~Inc.~~ Inc Via Overnight Delivery [DATE] To: Aurora Loan Services LLC ~~300 Xxxxxxxxx~~ 10000 Xxxx Xxxxxxx Xxxxx ~~Xxxxx~~Littleton, ~~0xx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000~~ CO 80124 Attention: ~~Jxxxxx X. Xxxxxx~~ Compliance Coordinator (~~SASCO 2006~~LXS 2007-~~GP2~~16N) RE: Annual officer’s certificate delivered pursuant to Section ~~5.05~~ 5.03 of that certain ~~securitization~~ servicing agreement, dated as of ~~May~~ August 1, ~~2006~~ 2007 (the “Agreement”), by and among ~~Lxxxxx~~ Xxxxxx Brothers Holdings Inc.~~, GMAC Mortgage Corporation, as subservicer (the “Subservicer”)~~, Aurora Loan Services LLC, as servicer (the “Servicer”), ) and ~~Aurora Loan Services LLC,~~ as master ~~servicer (the “Master Servicer”)~~servicer, and acknowledged by U.S. Bank National Association, as Trustee, relating to the issuance of the ~~Structured Asset Investment Loan~~ Xxxxxx XS Trust Mortgage Pass-Through Certificates, Series ~~2006~~2007-~~GP2~~ 16N [_______], the undersigned, a duly authorized [_______] of [the ~~Subservicer][Name~~ Servicer][Name of ~~Third Party~~ Subservicer], does hereby certify the following for the [calendar ~~year][identify other period~~year][period beginning on the Cut-off Date and] ending on December 31, 20[__]:] (the “Reporting Period”):

Appears in 1 contract

Samples: Servicing Agreement (Lehman XS Trust Series 2007-16n)

Common use of Company Telephone Number Clause in Contracts