Exhibit 99.3
April 1, 2005
Colonial Savings, F.A.
0000 Xxxx Xxxxxxx
Xxxx Xxxxx, Xxxxx 00000
Attention: F. Xxxxx Xxxxxxx
Reference is made to that certain Correspondent Servicing Agreement, dated
as of June 26, 2002 (the "Servicing Agreement") annexed as Exhibit C, by and
between the Colonial Savings, F.A. (the "Servicer"), Xxxxxx Brothers Bank, FSB
(the "Bank") and Aurora Loan Services LLC. (the "Master Servicer"). This notice
constitutes a "Transfer Notice" as contemplated by Section 7.01 of the Servicing
Agreement. Capitalized terms used herein without definition and defined in the
Servicing Agreement are used herein as defined therein. Reference is also made
to that certain Assignment and Assumption Agreement, dated as of April 1, 2005
(the "Assignment") annexed as Exhibit A, by and between the Bank and Xxxxxx
Brothers Holdings Inc. (the "Owner") pursuant to which the Owner acquired from
the Bank all of the Bank's right, title and interest in and to certain of the
Mortgage Loans currently serviced under the Servicing Agreement and assumed for
the benefit of the Servicer and the Bank the rights and obligations of the Bank
as owner of such Mortgage Loans pursuant to the Servicing Agreement. Exhibits
D-1 and D-2 hereto shall supercede Exhibits C-1 and C-2 to the Servicing
Agreement.
The Servicer is hereby notified that the Owner has effected a
Reconstitution with respect to the mortgage loans listed on the attached
schedule (the "Mortgage Loans"). The Servicer is hereby advised of the following
with respect to such Reconstitution and the related Mortgage Loans:
Effective Date of Reconstitution: April 1, 2005
Cut-Off Date: April 1, 2005
New Owner: Xxxxx Fargo Bank, National Association, as trustee for the
Structured Adjustable Rate Mortgage Loan Trust, Series 2005-11
Certificateholders
Master Servicer: Aurora Loan Services LLC
The Servicer is also hereby advised that a REMIC election has been made
with respect to the Mortgage Loans subject to the Reconstitution.
By countersigning this notice and returning it to the Master Servicer
named above, the Servicer hereby acknowledges and agrees that, from and after
the Effective Date, the Servicer shall service the Mortgage Loans in accordance
with the terms of the Servicing Agreement for the benefit of the New Owner named
above, as the Owner of the Mortgage Loans. From and after the Effective Date,
the New Owner named above shall have the same rights under the Servicing
Agreement as the Initial Owner named therein with respect to the Mortgage Loans.
1
In addition to the terms and conditions set forth in the Servicing
Agreement, the Servicer hereby acknowledges and agrees that on or before the
last day of February of each year, beginning with February 28, 2006, the
Servicer, at its own expense, will deliver to the Owner and the Master Servicer
a Servicing Officer's certificate stating, as to each signer thereof, that (i) a
review of the activities of the Servicer during such preceding fiscal year and
of performance under this Agreement has been made under such officers'
supervision and (ii) to the best of such officers' knowledge, based on such
review, the Servicer has fulfilled all its obligations under this Agreement for
such year, or, if there has been a default in the fulfillment of all such
obligations, specifying each such default known to such officer and the nature
and status thereof including the steps being taken by the Servicer to remedy
such default.
For so long as a certificate under the Xxxxxxxx-Xxxxx Act of 2002, as
amended, ("Xxxxxxxx-Xxxxx") is required to be given on behalf of Structured
Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series
2005-11 (the "Trust Fund,") no later than March 15th of each year (or if not a
Business Day, the immediately preceding Business Day), or at any other time that
the Master Servicer, Structured Asset Securities Corporation (the "Depositor")
or Xxxxx Fargo Bank, National Association (the "Trustee") provides a
certification pursuant to Xxxxxxxx-Xxxxx and upon thirty (30) days written
request of such parties, an officer of the Servicer shall execute and deliver an
Officer's Certificate to the Master Servicer, the Trustee and the Depositor for
the benefit of the Trust Fund and the Master Servicer, the Trustee and the
Depositor and their officers, directors and affiliates, in the form of Exhibit B
hereto.
[SIGNATURE PAGE IMMEDIATELY FOLLOWS]
2
XXXXXX BROTHERS HOLDINGS INC., as Owner
By:__________________________________
Name: Xxxxx Xxxxxxx
Title: Authorized Signatory
Acknowledged by:
COLONIAL SAVINGS, F.A.,
as Servicer
By:_______________________________
Name: Xxxx Xxxxx
Title: Senior Vice President
EXHIBIT A
[INTENTIONALLY OMITTED]
A-1
EXHIBIT B
Structured Asset Securities Corporation
000 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Aurora Loan Services LLC
0000 Xxxxx Xxxxxx Xxxx
Xxxxx 000
Xxxxxx, Xxxxxxxx 00000
Re: Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through
Certificates, Series 2005-11
Reference is made to the Transfer Notice, dated as of April 1, 2005 (the
"Notice"), by and among Xxxxxx Brothers Holdings Inc., as owner and Colonial
Savings, F.A., as servicer (the "Servicer"). I, [identify the certifying
individual], a [title] of the Servicer, hereby certify to Xxxxx Fargo Bank,
National Association, as trustee (the "Trustee"), Aurora Loan Services LLC, as
master servicer (the "Master Servicer") and Structured Asset Securities
Corporation, as depositor (the "Depositor"), and their respective officers,
directors and affiliates, and with the knowledge and intent that they will rely
upon this certification, that:
1. I have reviewed the information required to be delivered to the Master
Servicer pursuant to the Servicing Agreement (the "Servicing
Information");
2. Based on my knowledge, the Servicing Information does not contain any
material untrue information or omit to state information necessary to make
the Servicing Information, in light of the circumstances under which such
information was provided, not misleading as of the date of this
certification;
3. Based on my knowledge, the Servicing Information has been provided to the
Master Servicer when and as required under the Servicing Agreement;
4. I am responsible for reviewing the activities performed by the Servicer
under the Servicing Agreement, and based upon the review required
thereunder, and except as disclosed in writing to you on or prior to the
date of this certification ( a copy of which disclosure is attached
hereto), the Servicer has, as of the date of this certification, fulfilled
its obligations under this Servicing Agreement; and
B-1
5. I have disclosed to the accountants conducting the annual review required
under Section 6.05 of the Servicing Agreement all significant deficiencies
relating to the Servicer's compliance with the Servicing Agreement.
COLONIAL SAVINGS, F.A.
Name: ____________________________
Title: ____________________________
Date: ____________________________
X-0
XXXXXXX X
(Xxx Xxxxxxx 00.0)
X-0
XXXXXXX X-0
FORM OF MONTHLY REMITTANCE ADVICE
FIELD NAME DESCRIPTION FORMAT
---------- ----------- ------
INVNUM INVESTOR LOAN NUMBER Number no decimals
SERVNUM SERVICER LOAN NUMBER, REQUIRED Number no decimals
BEGSCHEDBAL BEGINNING SCHEDULED BALANCE FOR SCHED/SCHED Number two decimals
BEGINNING TRAIL BALANCE FOR ACTUAL/ACTUAL,
REQUIRED
SCHEDPRIN SCHEDULED PRINCIPAL AMOUNT FOR SCHEDULED/SCHEDULED Number two decimals
ACTUAL PRINCIPAL COLLECTED FOR ACTUAL/ACTUAL,
REQUIRED, .00 IF NO COLLECTIONS
CURT1 CURTAILMENT 1 XXXXXX, .00 IF NOT APPLICABLE Number two decimals
CURT1DATE CURTAILMENT 1 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY
CURT1ADJ CURTAILMENT 1 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals
CURT2 CURTAILMENT 2 XXXXXX, .00 IF NOT APPLICABLE Number two decimals
CURT2DATE CURTAILMENT 2 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY
CURT2ADJ CURTAILMENT 2 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals
LIQPRIN PAYOFF, LIQUIDATION PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals
OTHPRIN OTHER PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals
PRINREMIT TOTAL PRINCIPAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals
INTREMIT NET INTEREST REMIT, INCLUDE PAYOFF INTEREST, Number two decimals
.00 IF NOT APPLICABLE
TOTREMIT TOTAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals
ENDSCHEDBAL ENDING SCHEDULED BALANCE FOR SCHEDULED/SCHEDULED Number two decimals
ENDING TRIAL BALANCE FOR ACTUAL/ACTUAL
.00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF
ENDACTBAL ENDING TRIAL BALANCE Number two decimals
.00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF
ENDDUEDATE ENDING ACTUAL DUE DATE, NOT LAST PAID INSTALLMENT DD-MMM-YY
ACTCODE 60 IF PAIDOFF, BLANK IF NOT APPLICABLE Number no decimals
ACTDATE ACTUAL PAYOFF DATE, BLANK IF NOT APPLICABLE DD-MMM-YY
INTRATE INTEREST RATE, REQUIRED Number seven decimals
Example .0700000 for 7.00%
SFRATE SERVICE FEE RATE, REQUIRED Number seven decimals
D-1-1
Example .0025000 for .25%
PTRATE PASS THRU RATE, REQUIRED Number seven decimals
Example .0675000 for 6.75%
PIPMT P&I CONSTANT, REQUIRED Number two decimals
.00 IF PAIDOFF
X-0-0
Xxxxxxx X-0
XXXXXXXX XXXXXX FOR MONTHLY DEFAULTED LOAN REPORT
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Data Field Format Data Description
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% of MI coverage NUMBER(6,5) The percent of coverage provided by the
PMI company in the event of loss on a
defaulted loan.
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Actual MI claim filed date DATE(MM/DD/YYYY) Actual date that the claim was submitted
to the PMI company.
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Actual bankruptcy start date DATE(MM/DD/YYYY) Actual date that the bankruptcy petition
is filed with the court.
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Actual MI claim amount filed NUMBER(15,2) The amount of the claim that was filed by
the servicer with the PMI company.
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Actual discharge date DATE(MM/DD/YYYY) Actual date that the Discharge Order is
entered in the bankruptcy docket.
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Actual due date DATE(MM/DD/YYYY) Actual due date of the next outstanding
payment amount due from the mortgagor.
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Actual eviction complete date DATE(MM/DD/YYYY) Actual date that the eviction proceedings
are completed by local counsel.
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Actual eviction start date DATE(MM/DD/YYYY) Actual date that the eviction proceedings
are commenced by local counsel.
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Actual first legal date DATE(MM/DD/YYYY) Actual date that foreclosure counsel filed
the first legal action as defined by state
statute.
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Actual redemption end date DATE(MM/DD/YYYY) Actual date that the foreclosure
redemption period expires.
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Bankruptcy chapter VARCHAR2(2) 7= Chapter 7 filed 11= Chapter 11 filed Chapter of bankruptcy filed.
12= Chapter 12 filed 13= Chapter 13 filed
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Bankruptcy flag VARCHAR2(2) Y=Active Bankruptcy N=No Active Bankruptcy Servicer defined indicator that identifies
that the property is an asset in an active
bankruptcy case.
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Bankruptcy Case Number VARCHAR2(15) The court assigned case number of the
bankruptcy filed by a party with interest
in the property.
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D-2-1
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MI claim amount paid NUMBER(15,2) The amount paid to the servicer by the
PMI company as a result of submitting an
MI claim.
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MI claim funds received date DATE(MM/DD/YYYY) Actual date that funds were received from
the PMI company as a result of
transmitting an MI claim.
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Current loan amount NUMBER(10,2) Current unpaid principal balance of the
loan as of the date of reporting to Aurora
Master Servicing.
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Date FC sale scheduled DATE(MM/DD/YYYY) Date that the foreclosure sale is scheduled
to be held.
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Date relief/dismissal granted DATE(MM/DD/YYYY) Actual date that the dismissal or relief
from stay order is entered by the
bankruptcy court.
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Date REO offer accepted DATE(MM/DD/YYYY) Actual date of acceptance of an REO
offer.
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Date REO offer received DATE(MM/DD/YYYY) Actual date of receipt of an REO offer.
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Delinquency value NUMBER(10,2) Value obtained typically from a BPO prior
to foreclosure referral not related to loss
mitigation activity.
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Delinquency value source VARCHAR2(15) BPO= Broker's Appraisal=Appraisal Name of vendor or management company
Price Opinion that provided the delinquency valuation
amount.
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Delinquency value date DATE(MM/DD/YYYY) Date that the delinquency valuation
amount was completed by vendor or
property management company.
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Delinquency flag VARCHAR2(2) Y= 90+ delinq. Not in FC, Bky or Loss mit Servicer defined indicator that indentifies
N=Less than 90 days delinquent that the loan is delinquent but is not
involved in loss mitigation, foreclosure,
bankruptcy or REO.
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Foreclosure flag VARCHAR2(2) Y=Active foreclosure N=No active foreclosure Servicer defined indicator that identifies
that the loan is involved in foreclosure
proceedings.
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Corporate expense balance NUMBER(10,2) Total of all cumulative expenses advanced
by the servicer for non-escrow expenses
such as but not limited to: FC fees and
costs, bankruptcy fees and costs, property
preservation and property inspections.
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D-2-2
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Foreclosure attorney referral DATE(MM/DD/YYYY) Actual date that the loan was referred to
date local counsel to begin foreclosure
proceedings.
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Foreclosure valuation amount NUMBER(15,2) Value obtained during the foreclosure
process. Usually as a result of a BPO and
typically used to calculate the bid.
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Foreclosure valuation date DATE(MM/DD/YYYY) Date that foreclosure valuation amount
was completed by vendor or property
management company.
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Foreclosure valuation source VARCHAR2(80) BPO= Broker's Appraisal=Appraisal Name of vendor or management company
Price Opinion that provided the foreclosure valuation
amount.
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FHA 27011A transmitted date DATE(MM/DD/YYYY) Actual date that the FHA 27011A claim
was submitted to HUD.
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FHA 27011 B transmitted date DATE(MM/DD/YYYY) Actual date that the FHA 27011B claim
was submitted to HUD.
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VA LGC/ FHA Case number VARCHAR2(15) Number that is assigned individually to the
loan by either HUD or VA at the time of
origination. The number is located on the
Loan Guarantee Certificate (LGC) or the
Mortgage Insurance Certificate (MIC).
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FHA Part A funds received date DATE(MM/DD/YYYY) Actual date that funds were received from
HUD as a result of transmitting the
27011A claim.
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Foreclosure actual sale date DATE(MM/DD/YYYY) Actual date that the foreclosure sale was
held.
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Servicer loan number VARCHAR2(15) Individual number that uniquely identifies
loan as defined by servicer.
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Loan type VARCHAR2(2) 1=FHA Residential 2=VA Residential Type of loan being serviced generally
3=Conventional w/o PMI 4=Commercial defined by the existence of certain types
5=FHA Project 6=Conventional w/PMI of insurance. (ie: FHA, VA, conventional
7=HUD 235/265 8=Daily Simple insured, conventional uninsured, SBA,
9=Farm Loan Interest Loan etc.)
S=Sub prime U=Unknown
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Loss mit approval date DATE(MM/DD/YYYY) The date determined that the servicer and
mortgagor agree to pursue a defined loss
mitigation alternative.
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D-2-3
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Loss mit flag VARCHAR2(2) Y= Active loss N=No active loss Servicer defined indicator that identifies
mitigation mitigation that the loan is involved in completing
aloss mitigation alternative.
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Loss mit removal date DATE(MM/DD/YYYY) The date that the mortgagor is denied loss
mitigation alternatives or the date that the
loss mitigation alternative is completed
resulting in a current or liquidated loan.
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Loss mit type VARCHAR2(2) L= Loss Mitigation LT=Ligitation pending The defined loss mitigation alternative
NP=Pending CH= Charge off identified on the loss mit approval date.
non-performing sale FB= Forbearance plan
DI= Deed in lieu PC=Partial claim
MO=Modification VA=VA refunding
SH=Short sale
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Loss mit value NUMBER(10,2) Value obtained typically from a BPO prior
to foreclosure sale intended to aid in the
completion of loss mitigation activity.
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Loss mit value date DATE(MM/DD/YYYY) Name of vendor or management company
that provided the loss mitigation valuation
amount.
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Loss mit value source VARCHAR2(15) BPO= Broker's Price Opinion Appraisal= Date that the lostt mitigation valuation
Appraisal amount was completed by vendor or
property management company.
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MI certificate number VARCHAR2(15) A number that is assigned individually to
the loan by the PMI company at the time
of origination. Similar to the VA
LGC/FHA Case Number in purpose.
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LPMI Cost NUMBER(7,7) The current premium paid to the PMI
company for Lender Paid Mortgage
Insurance.
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Occupancy status VARCHAR2(1) O=Owner occupied T=Tenant occupied The most recent status of the property
U=Unknown V=Vacant regarding who if anyone is occupying the
property. Typically a result of a routine
property inspection.
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First Vacancydate/ DATE(MM/DD/YYYY) The date that the most recent occupancy
Occupancy status was determined. Typically the date
status date of the most recent property inspection.
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Original loan amount NUMBER(10,2) Amount of the contractual obligations (ie:
note and mortgage/deed of trust).
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D-2-4
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Original value amoun NUMBER(10,2) Appraised value of property as of
origination typically determined
through the appraisal process.
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Origination date DATE(MM/DD/YYYY) Date that the contractual obligations
(ie: note and mortgage/deed of trust)
of the mortgagor was executed.
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FHA Part B funds DATE(MM/DD/YYYY) Actual date that funds were received
received date fro HUD as a result of transmitting
the 27011B claim.
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Post petition due DATE(MM/DD/YYYY) The post petition due date of a loan
date involved in a chapter 13 bankruptcy.
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Property condition VARCHAR2(2) 1= Excellent 2=Good Physical condition of the property as
3=Average 4=Fair most recently reported to the servicer
5=Poor 6=Very poor by vendor or property management
company.
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Property type VARCHAR2(2) 1=Single family 2=Town house Type of property secured by mortgage
3=Condo 4=Multifamily 5=Other such as: single family, 2-4 unit, etc.
6=Prefabricated B=Commercial C=Land only
7=Mobile home U=Unknown D=Farm
A=Church P=PUD R=Row house
O=Co-op M=Manufactured housing 24= 2-4 family
CT=Condotel MU=Mixed use
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Reason for default VARCHAR2(3) Cause of delinquency as identified by
001=Death of principal mtgr 02=Illness of principal mtgr mortgagor.
003=Illness of mtgr's family member 004=Death of mtgr's family member
005=Marital difficulties 006=Curtailment of income
007=Excessive obligations 008=Abandonment of property
009=Distant employee transfer 011=Property problem
012=Inability to sell property 013=Inability to rent property
014=Military service 015=Other
016=Unemployment 017=Business failure
019=Casualty loss 022=Energy-Environment costs
023= Servicing problems 026= Payment adjustment
027=Payment dispute 029=Transfer ownership pending
030=Fraud 031=Unable to contact borrower
INC=Incarceration
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D-2-5
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REO repaired value NUMBER(10,2) The projected value of the property that is
adjusted from the "as is" value assuming
necessary repairs have been made to the
property as determined by the
vendor/property management company.
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REO list price adjustment NUMBER(15,2) The most recent listing/pricing amount as
amount updated by the servicer for REO
properties.
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REO list price adjustment date DATE(MM/DD/YYYY) The most recent date that the servicer
advised the agent to make an adjustment to
the REO listing price.
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REO value (as is) NUMBER(10,2) The value of the property without making
any repairs as determined by the
vendor/property management copmany.
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REO actual closing date DATE(MM/DD/YYYY) The actual date that the sale of the REO
property closed escrow.
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REO flag VARCHAR2(7) Y=Active REO N=No active REO Servicer defined indicator that identifies
that the property is now Real Estate
Owned.
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REO original list date DATE(MM/DD/YYYY) The initial/first date that the property was
listed with an agent as an REO.
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REO original list price NUMBER(15,2) The initial/first price that was used to list
the property with an agent as an REO.
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REO net sales proceeds NUMBER(10,2) The actual REO sales price less closing
costs paid. The net sales proceeds are
identified within the HUD1 settlement
statement.
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REO sales price NUMBER(10,2) Actual sales price agreed upon by both the
purchaser and servicer as documented on
the HUD1 settlement statement.
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REO scheduled close date DATE(MM/DD/YYYY) The date that the sale of the REO property
is scheduled to close escrow.
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REO value date DATE(MM/DD/YYYY) Date that the vendor or management
company completed the valuation of the
property resulting in the REO value (as is).
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REO value source VARCHAR2(15) BPO= Broker's Price Opinion Appraisal= Name of vendor or management company
Appraisal that provided the REO value (as is).
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D-2-6
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Repay first due date DATE(MM/DD/YYYY) The due date of the first scheduled
payment due under a forbearance or
repayment plan agreed to by both the
mortgagor and servicer.
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Repay next due date DATE(MM/DD/YYYY) The due date of the next outstanding
payment due under a forbearance or
repayment plan agreed to by both the
mortgagor and servicer.
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Repay plan DATE(MM/DD/YYYY) The servicer defined date upon which the
broken/reinstated/closed date servicer considers that the plan is no
longer in effect as a result of plan
completion or mortgagor's failure to remit
payments as scheduled.
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Repay plan created date DATE(MM/DD/YYYY) The date that both the mortgagor and
servicer agree to the terms of a
forebearance or repayment plan.
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SBO loan number NUMBER(9) Individual number that uniquely identifies
loan as defined by Aurora Master
Servicing.
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Escrow balance/advance NUMBER(10,2) The positive or negative account balance
balance that is dedicated to payment of hazard
insurance, property taxes, MI, etc.
(escrow items only)
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Title approval letter received DATE(MM/DD/YYYY) The actual date that the title approval was
date received as set forth in the HUD title
approval letter.
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Title package HUD/VA date DATE(MM/DD/YYYY) The actual date that the title package was
submitted to either HUD or VA.
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VA claim funds received date DATE(MM/DD/YYYY) The actual date that funds were received
by the servicer from the VA for the
expense claim submitted by the servicer.
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VA claim submitted date DATE(MM/DD/YYYY) The actual date that the expense claim was
submitted by the servicer to the VA.
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VA first funds received amount NUMBER(15,2) The amount of funds received by the
servicer from VA as a result of the
specified bid.
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VA first funds received date DATE(MM/DD/YYYY) The date that the funds from the specified
bid were received by the servicer from the
VA.
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D-2-7
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VA XXX submitted DATE(MM/DD/YYYY) Actual date that the Notice of Election to
date Convey was submitted to the VA.
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Zip Code VARCHAR2(5) US postal zip code that corresponds to
property location.
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FNMA Delinquency VARCHAR2(3) 09=Forbearance 17=Preforeclosure sale The code that is electronically reported to
status code 24=Drug seizure 26=Refinance 27=Assumption FNMA by the servicer that reflects the
28=Modification 29=Charge-off 30=Third-party sale current defaulted status of a loan. (ie: 65,
31=Probate 32=Military indulgence 43=Foreclosure 67, 43 or 44)
44=Deed-in-lieu 49=Assignment 61=Second lien
62=VA no-bid 63=VA Refund considerations
64=VA Buydown 65=Ch. 7 bankruptcy 66=Ch. 11 bankruptcy
67=Ch. 13 bankruptcy
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FNMA delinquency VARCHAR2(3) The code that is electronically reported to
reason code 001=Death of principal mtgr 002=Illness of principal mtgr FNMA by the servicer that describes the
003=Illness of mtgr's family member 004=Death of mtgr's family member circumstance that appears to be the
005=Marital difficulties 006=Curtailment of income primary contributing factor to the
007=Excessive obligations 008=Abandonment of property delinquency.
009=Distant employee transfer 011=Property problem
012=Inability to sell property 013=Inability to rent property
014=Military service 015=Other
016=Unemployment 017=Business failure
019=Casualty loss 022=Energy-Environment costs
023= Servicing problems 026= Payment adjustment
027=Payment dispute 029=Transfer ownership pending
030=Fraud 031=Unable to contact borrower
INC=Incarceration
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Suspense balance NUMBER(10,2) Money submitted to the servicer, credited
to the mortgagor's account but not
allocated to principal, interest, escrow,
etc.
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Restricted NUMBER(10,2) Money held in escrow by the mortgage
escrow balance company through completion of repairs to
property.
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Investor number NUMBER (10,2) Unique number assigned to a group of
loans in the servicing system.
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D-2-8
