...Wells Fargo Bank Master Servicer (WFBMS) has been providing master servicing functions since 1988. The master servicer is part of the Corporate Trust Services (CTS) that falls under the wholesale banking division of Wells Fargo and Company (WFC). WFBMS continues to demonstrate leadership in the master servicing sector and evidenced continued strong abilities throughout the review period. WFBMS has furthered its involvement as a master servicer in new RMBS and continues to enhance its master servicing oversight and reporting functions. The master servicer effectively utilizes its shared functionalities across CTS to take advantage of economies of scale, best practices and developing procedures based on common deal arrangements. The rating affirmation of `RMS1' with a Stable Rating Outlook is based on the master servicer's experienced management team, enhanced servicer management and technology systems and the financial strength of its parent. WFBMS maintains its primary servicing sites in...
