Attached files
For
the calendar year ending December 31, 20I3, National Tax Search, LLC
has been a Tax Service
Vendor for Wells Fargo Bank (the "Servicer'').
Vendor for Wells Fargo Bank (the "Servicer'').
During the reporting period, certain reconciliations were not completed within 30 calendar days
after the bank statement cutoff date. Certain reconciling items lacked proper explanations and were not resolved within 90 day, calendar days of their original identification.
after the bank statement cutoff date. Certain reconciling items lacked proper explanations and were not resolved within 90 day, calendar days of their original identification.
Management corrected the timeliness of reconciliations within the Period and Plante Moran
auaitors have reviewed, under an agreed-upon procedures engagement, the Compliance with the servicing criteria of section 1122(d)(2)(vii), attributes B & D, as defined above, as of January 31,
2014, noting no matters of coneern.
auaitors have reviewed, under an agreed-upon procedures engagement, the Compliance with the servicing criteria of section 1122(d)(2)(vii), attributes B & D, as defined above, as of January 31,
2014, noting no matters of coneern.
In
the first suarter of 2014 Management will also complete installation of
a Treasury Workstation system, which allows for the automation of daily
reconciliation allowing for review and research throughout the month
instead of the days after a bank statement cutoff date. This
daily reconciliation will be accompanied by proper explanation of
all reconciling items. Management will review any items that require
resolution and reporting will provide aging of items at 30, 45 and 60
day levels to prevent exceeding the 90 calendar day requirement.